212 N Ridge Dr · Madison, MS 39110

$275,000

3 bd · 4.0 ba · 1,560 sqft · SingleFamily public records · 56 Days on market

Built 1996 0.33 ac lot $176/sqft · at area comps Est $276k · at est. $6/mo HOA

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Why this score? — see what drove the D+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +17.5/30.0
• ARV discount +7.6/15.0
• DSCR +5.5/10.0
• Schools +4.8/10.0
• 1% rule +4.1/10.0
• Livability +4.0/5.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this beautiful 3 bedroom, 2 bath home located in the highly sought-after North Ridge neighborhood in Madison! This well-maintained property is in great condition and offers several recent upgrades, including a BRAND NEW ROOF, A/C units that are only a few years old, and brand new flooring throughout the majority of the home. Inside, you'll find a comfortable and inviting layout that has been extremely well cared for, making it truly move-in ready. Step outside to enjoy the huge, fully fenced backyard that is perfect for pets, outdoor activities, or simply relaxing. The backyard also features a patio area, ideal for entertaining or enjoying quiet evenings outdoors. Conveniently located just off Rice Road, this home provides easy access to everything the City of Madison has to offer, including shopping, dining, and local amenities. Homes in North Ridge don't come available often, and this one is sure to go quickly. Schedule your showing today while you still can!

Key facts

• Patio area
• New roof
• 0.33 acre lot

Tags

• NEW ROOF
• FULLY FENCED BACKYARD
• PATIO AREA
• EASY ACCESS TO SHOPPING

What this means for you Summary

Snapshot

• This is a 3-bed/4.0-bath single-family listed at $275k.

Deal economics

• At list price, monthly cash flow is $212 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $250k (9.0% below list).
• Recommended offer: $250k (9.0% below list) — sets the bar for 1% rule.
• Cap rate 7.2% vs local median 3.7% in Madison — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 81/100 on livability (#4 in MS, #1,556 nationally) — a professional / high-income tenant draw. Strengths: crime A+, employment A+, housing A+; Watch: amenities D-, commute F.
• Madison County School District (rural): math 54% / reading 54% proficiency, ranked #3 of 130 in MS (top 2%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising (+2.6%/yr); 628 active listings in the ZIP; 1 comparable units currently listed for rent nearby; high-income renter base; 553 units permitted in Madison County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Madison County population projected at +34% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 56 days — a 3% lower offer ($267k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 8y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 80% chance of damaging wind over 30y; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $250,328 (9.0% below list)

Questions for the listing agent

1. It's been on market 56 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.91% ✗
• Cap rate: 7.22%
• Cash-on-cash: 3.30%
• DSCR: 1.15
• GRM: 9.2

CMA / ARV

• ARV (median comp): $275,733
• List price: $275,000
• Delta: -0.27%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
209 Pine Pl	0.09mi	3/2.0	1,553 (-0%)	3mo	$270,000	$174	84
113 N Ridge Dr	0.13mi	3/2.0	1,578 (+1%)	5mo	$272,000	$172	80
559 Spring Hill Dr	0.22mi	3/2.0	1,542 (-1%)	2mo	$274,900	$178	78
237 N Ridge Dr	0.14mi	3/2.0	1,541 (-1%)	9mo	$250,000	$162	76
707 Spring Hill Dr	0.11mi	3/2.0	1,573 (+1%)	12mo	$255,000	$162	76
352 South Pl	0.28mi	3/2.0	1,570 (+1%)	11mo	$279,000	$178	69
409 Mockingbird Ln	0.30mi	3/2.0	1,636 (+5%)	9mo	$269,900	$165	62
231 Clark Farms Rd	0.31mi	3/2.0	1,488 (-5%)	11mo	$190,000	$128	61
800 Strawberry Pointe	0.48mi	3/2.0	1,523 (-2%)	10mo	$260,000	$171	57
418 Wildwood Pointe	0.46mi	3/2.0	1,670 (+7%)	4mo	$293,000	$175	55
662 Baywood Pointe	0.34mi	3/2.0	1,769 (+13%)	6mo	$279,000	$158	49
172 Stonegate Dr	0.67mi	3/2.0	1,664 (+7%)	12mo	$259,900	$156	40

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 2.61% rent growth · sell at horizon

5-year hold

• IRR: -11.5%
• Equity multiple: 0.58×
• Total profit: $-32,084
• Equity at exit: $41,003

10-year hold

• IRR: -2.9%
• Equity multiple: 0.81×
• Total profit: $-14,721
• Equity at exit: $23,777

Cash invested: $77,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 90 Strongly Landlord-Friendly
• State Mississippi: 90 Strongly Landlord-Friendly · R+11
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; very landlord-favorable; no rent control.

Methodology + full state rankings →

ZIP-level market 39110

• Home prices YoY: -28.3%
• Rents YoY: 2.6%
• Active inventory: 628
• Price-to-rent: 9.2×

Monthly cashflow live

• Estimated rent: $2,503 medium
• Mortgage (P&I): −$1,442
• Tax from tax record: −$203 /mo · $2,435/yr
• Insurance: −$115
• HOA: −$6
• Vacancy / Maint / Mgmt: −$526
• Net cashflow: $212

Break-even live

Break-even rent $2,235

Max offer price $275,000

Occupancy floor 87%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $68,750
• Closing costs: $8,250
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
345 Avonlea Ln Madison, MS	3.0	2.0	2185	$2,500	$1.14	43d	1	1.45mi

HOA detail

• Monthly dues: $6 · $72/yr

Listing history 21 events

1. 2026-05-16
   status Pending 995-char remark

   Show marketing remark (995 chars)

   Welcome to this beautiful 3 bedroom, 2 bath home located in the highly sought-after North Ridge neighborhood in Madison! This well-maintained property is in great condition and offers several recent upgrades, including a BRAND NEW ROOF, A/C units that are only a few years old, and brand new flooring throughout the majority of the home. Inside, you'll find a comfortable and inviting layout that has been extremely well cared for, making it truly move-in ready. Step outside to enjoy the huge, fully fenced backyard that is perfect for pets, outdoor activities, or simply relaxing. The backyard also features a patio area, ideal for entertaining or enjoying quiet evenings outdoors. Conveniently located just off Rice Road, this home provides easy access to everything the City of Madison has to offer, including shopping, dining, and local amenities. Homes in North Ridge don't come available often, and this one is sure to go quickly. Schedule your showing today while you still can!

2. 2026-05-12
   price $275,000 995-char remark

   Show marketing remark (995 chars)

   Welcome to this beautiful 3 bedroom, 2 bath home located in the highly sought-after North Ridge neighborhood in Madison! This well-maintained property is in great condition and offers several recent upgrades, including a BRAND NEW ROOF, A/C units that are only a few years old, and brand new flooring throughout the majority of the home. Inside, you'll find a comfortable and inviting layout that has been extremely well cared for, making it truly move-in ready. Step outside to enjoy the huge, fully fenced backyard that is perfect for pets, outdoor activities, or simply relaxing. The backyard also features a patio area, ideal for entertaining or enjoying quiet evenings outdoors. Conveniently located just off Rice Road, this home provides easy access to everything the City of Madison has to offer, including shopping, dining, and local amenities. Homes in North Ridge don't come available often, and this one is sure to go quickly. Schedule your showing today while you still can!

3. 2026-04-17
   status Active 995-char remark

   Show marketing remark (995 chars)

   Welcome to this beautiful 3 bedroom, 2 bath home located in the highly sought-after North Ridge neighborhood in Madison! This well-maintained property is in great condition and offers several recent upgrades, including a BRAND NEW ROOF, A/C units that are only a few years old, and brand new flooring throughout the majority of the home. Inside, you'll find a comfortable and inviting layout that has been extremely well cared for, making it truly move-in ready. Step outside to enjoy the huge, fully fenced backyard that is perfect for pets, outdoor activities, or simply relaxing. The backyard also features a patio area, ideal for entertaining or enjoying quiet evenings outdoors. Conveniently located just off Rice Road, this home provides easy access to everything the City of Madison has to offer, including shopping, dining, and local amenities. Homes in North Ridge don't come available often, and this one is sure to go quickly. Schedule your showing today while you still can!

4. 2026-04-09
   status Pending 995-char remark

   Show marketing remark (995 chars)

   Welcome to this beautiful 3 bedroom, 2 bath home located in the highly sought-after North Ridge neighborhood in Madison! This well-maintained property is in great condition and offers several recent upgrades, including a BRAND NEW ROOF, A/C units that are only a few years old, and brand new flooring throughout the majority of the home. Inside, you'll find a comfortable and inviting layout that has been extremely well cared for, making it truly move-in ready. Step outside to enjoy the huge, fully fenced backyard that is perfect for pets, outdoor activities, or simply relaxing. The backyard also features a patio area, ideal for entertaining or enjoying quiet evenings outdoors. Conveniently located just off Rice Road, this home provides easy access to everything the City of Madison has to offer, including shopping, dining, and local amenities. Homes in North Ridge don't come available often, and this one is sure to go quickly. Schedule your showing today while you still can!

5. 2026-03-31
   price $279,000 995-char remark

   Show marketing remark (995 chars)

   Welcome to this beautiful 3 bedroom, 2 bath home located in the highly sought-after North Ridge neighborhood in Madison! This well-maintained property is in great condition and offers several recent upgrades, including a BRAND NEW ROOF, A/C units that are only a few years old, and brand new flooring throughout the majority of the home. Inside, you'll find a comfortable and inviting layout that has been extremely well cared for, making it truly move-in ready. Step outside to enjoy the huge, fully fenced backyard that is perfect for pets, outdoor activities, or simply relaxing. The backyard also features a patio area, ideal for entertaining or enjoying quiet evenings outdoors. Conveniently located just off Rice Road, this home provides easy access to everything the City of Madison has to offer, including shopping, dining, and local amenities. Homes in North Ridge don't come available often, and this one is sure to go quickly. Schedule your showing today while you still can!

6. 2026-03-14
   listed $282,000 Active 995-char remark

   Show marketing remark (995 chars)

   Welcome to this beautiful 3 bedroom, 2 bath home located in the highly sought-after North Ridge neighborhood in Madison! This well-maintained property is in great condition and offers several recent upgrades, including a BRAND NEW ROOF, A/C units that are only a few years old, and brand new flooring throughout the majority of the home. Inside, you'll find a comfortable and inviting layout that has been extremely well cared for, making it truly move-in ready. Step outside to enjoy the huge, fully fenced backyard that is perfect for pets, outdoor activities, or simply relaxing. The backyard also features a patio area, ideal for entertaining or enjoying quiet evenings outdoors. Conveniently located just off Rice Road, this home provides easy access to everything the City of Madison has to offer, including shopping, dining, and local amenities. Homes in North Ridge don't come available often, and this one is sure to go quickly. Schedule your showing today while you still can!

7. 2026-01-19
   historical $1,995
8. 2026-01-16
   listed $1,995
9. 2025-12-15
   historical $1,995
10. 2025-12-03
    listed $1,995
11. 2025-12-02
    historical $1,995
12. 2025-11-22
    listed $1,995
13. 2018-07-30
    soldstatus
14. 2018-07-11
    soldstatus 702-char remark

    Show marketing remark (702 chars)

    Location! Location! Location! This cute 3/2 is nestled in the established North Ridge Subdivision. Highway 51 and all the nearby shopping is less than 2 miles away. With over 1600 sq.ft., this home offers a great floor plan with a good use of space. There's wood laminate and tile flooring throughout the house-no carpet. Plenty of windows that provide good sunlight. Great laundry room with storage and hanging rod. The hall bath has a double vanity with plenty of counter space. The backyard is all set for your summer gatherings. The patio is outlined with beautiful landscaping and the large yard gives plenty of options, i.e. pool, gazebo, etc. Call your REALTOR to schedule your personal showing.

15. 2018-06-16
    listed $168,000 702-char remark

    Show marketing remark (702 chars)

    Location! Location! Location! This cute 3/2 is nestled in the established North Ridge Subdivision. Highway 51 and all the nearby shopping is less than 2 miles away. With over 1600 sq.ft., this home offers a great floor plan with a good use of space. There's wood laminate and tile flooring throughout the house-no carpet. Plenty of windows that provide good sunlight. Great laundry room with storage and hanging rod. The hall bath has a double vanity with plenty of counter space. The backyard is all set for your summer gatherings. The patio is outlined with beautiful landscaping and the large yard gives plenty of options, i.e. pool, gazebo, etc. Call your REALTOR to schedule your personal showing.

16. 2005-02-23
    soldstatus
17. 2003-03-26
    soldstatus
18. 1999-09-20
    soldstatus
19. 1999-01-20
    soldstatus
20. 1996-03-06
    soldstatus
21. 1995-08-31
    soldstatus

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast MS · Resets to sale price

• Current annual tax: $2,435 · $203/mo
• Projected year-2 tax: $2,435 · $203/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥108°F today · 20 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $30,039
• − Mortgage interest: −$15,404
• − Property taxes: −$2,435
• − Insurance: −$1,375
• − Repairs & maintenance: −$2,403
• − Management: −$2,403
• − HOA: −$72
• − Depreciation: −$8,000
• Taxable loss: −$2,053
• Est. tax savings @ 24.0%: +$493
• After-tax cash flow: $3,036/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Madison County School District
• NCES district ID: 2802790
• Math proficiency: 54% ▼ -7.00%
• Reading proficiency: 54% ▼ -7.00%
• Median HH income: $70,579
• Composite: 48.08/100
• National rank: #2188
• State rank: #3 of 130 in MS

Livability — Madison

• Score: 81/100
• State rank: #4
• US rank: #1556

Category grades

Amenities D- Commute F Cost of living B Crime A+ Employment A+ Housing A+ Health & safety B- User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Madison, MS
• County: Madison County · 75,005 people
• City population: 50,443
• Metro: Jackson, MS
• Population (ZIP): 50,443
• Household income: $125,506
• Rent vs Own: 9.1% rent · 90.9% own
• Severe rent burden: 227.0

Population outlook (Madison County) Hauer SSP2

• Today (2025): 122,509 people
• By 2030: 131,737 · +7.5%
• By 2040: 148,930 · +21.6%
• By 2050: 164,300 · +34.1%
• By 2075: 197,495 · +61.2%
• By 2100: 211,429 · +72.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (76%)
• Race & ethnicity: White 76% Black 15% Asian 4% Two or more races 3% Hispanic / Latino 2%
• Common ancestry: Italian 6% Slovak 3% Lithuanian 3%
• Foreign-born: 5% · China, Canada
• Languages at home: 92% English-only · Spanish 2% Other Indo-European 2% Chinese 1%

Political lean MEDSL · Madison

• 2024 margin: R (+17.3) · D 40.8% · R 58.0% · Other 1.2%
• 2008→2024 swing: -1.7pp toward R · 2008: -15.6pp · 2024: -17.3pp
• All cycles: 2024: R+17.3 2020: R+11.8 2016: R+16.1 2012: R+15.7 2008: R+15.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -60.99%
• Current HPI: 154.6909
• Rent YoY: ▲ 2.61%
• Metro: Jackson, MS
• State GDP YoY: —
• F500 in state: 0

Price history

+63.7% since first listed

21 events — show timeline

• 2026-05-16 Pending — MLSU
• 2026-05-12 Price Changed $275,000 MLSU
• 2026-04-17 Relisted — MLSU
• 2026-04-09 Pending — MLSU
• 2026-03-31 Price Changed $279,000 MLSU
• 2026-03-14 Listed $282,000 MLSU
• 2026-01-19 Rental Removed $1,995 RENTALBEAST
• 2026-01-16 Listed for Rent $1,995 RENTALBEAST
• 2025-12-15 Rental Removed $1,995 RENTALBEAST
• 2025-12-03 Listed for Rent $1,995 RENTALBEAST
• 2025-12-02 Rental Removed $1,995 PROPERTYWARE
• 2025-11-22 Listed for Rent $1,995 PROPERTYWARE
• 2018-07-30 Sold (Public Records) — Public Records
• 2018-07-11 Sold (MLS) — MLSU
• 2018-06-16 Listed $168,000 MLSU
• 2005-02-23 Sold (Public Records) — Public Records
• 2003-03-26 Sold (Public Records) — Public Records
• 1999-09-20 Sold (Public Records) — Public Records
• 1999-01-20 Sold (Public Records) — Public Records
• 1996-03-06 Sold (Public Records) — Public Records
• 1995-08-31 Sold (Public Records) — Public Records

Property tax history

-0.5%/yr

Latest (2025): $2,435 · +0.0% YoY. Source: county tax records.