40200 Old Hamilton Rd · Hamilton, MS 39730

$107,000

3 bd · 1.0 ba · 3,484 sqft · SingleFamily public records · 247 Days on market

Built 1965 1.00 ac lot

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Why this score? — see what drove the C- 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 +22.9/30.0
• ARV discount +7.5/15.0
• DSCR +7.3/10.0
• 1% rule +4.8/10.0
• Schools +4.1/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This 3 bedroom 2 bath brick home sits on 1.7 peaceful acres and is waiting for someone to finish the remodel and make it their own. WIth 1,742 sq ft of space, you'll find a roomy kitchen with eat-in area and dining room space, large living room, and laundry. Enjoy relaxing on the enclosed front porch. Plenty of space inside and out to create the home you've wanted. With its lot and country location, this property offers plenty of potential to make it your own. Call and make an appointment to see it today.

Key facts

• Roomy kitchen
• Brick home
• Country location

Tags

• BRICK HOME
• ROOMY KITCHEN
• ENCLOSED FRONT PORCH
• COUNTRY LOCATION

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $107k.

Deal economics

• At list price, monthly cash flow is $187 ($2k/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 $105k (2.2% below list).
• Recommended offer: $94k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 64/100 on livability (#134 in MS) — a middle-class / working-renter tenant base. Strengths: cost of living A+, crime A-, housing A-; Watch: amenities F, commute F, health & safety F.
• Monroe County School District (rural): math 55% / reading 42% proficiency, ranked #17 of 130 in MS (top 13%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 47 active listings in the ZIP; 18 units permitted in Monroe County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $740 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Monroe County population projected at -21% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 247 days — a 12% lower offer ($94k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $94,160 (12.0% below list)

Questions for the listing agent

1. It's been on market 247 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1965 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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.
6. 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.
7. 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: 0.98% ✗
• Cap rate: 8.39%
• Cash-on-cash: 7.49%
• DSCR: 1.33
• GRM: 8.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -4.9%
• Equity multiple: 0.82×
• Total profit: $-5,471
• Equity at exit: $15,954

10-year hold

• IRR: 4.7%
• Equity multiple: 1.35×
• Total profit: $10,392
• Equity at exit: $9,251

Cash invested: $29,960 (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 39730

• Home prices YoY: -12.2%
• Active inventory: 47
• Price-to-rent: 8.5×

Monthly cashflow live

• Estimated rent: $1,047 medium
• Mortgage (P&I): −$561
• Tax from tax record: −$34 /mo · $410/yr
• Insurance: −$45
• HOA: −$0
• Vacancy / Maint / Mgmt: −$220
• Net cashflow: $187

Break-even live

Break-even rent $810

Max offer price $107,000

Occupancy floor 77%

Sensitivity live

Price	-10% $248	-5% $217	+0% $187	+5% $157	+10% $126
Rent	-10% $104	-5% $146	+0% $187	+5% $228	+10% $270
Rate	-1.0pp $241	-0.5pp $214	base $187	+0.5pp $159	+1.0pp $131

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: $26,750
• Closing costs: $3,210
• Reserves months: —
• Total cash needed: —

Listing history 12 events

1. 2026-06-07
   statusdays on market $107,000 Pending 247 DOM
2. 2026-06-04
   days on market $107,000 Active 245 DOM
3. 2026-06-02
   days on market $107,000 Active 244 DOM
4. 2026-06-01
   days on market $107,000 Active 243 DOM
5. 2026-05-31
   days on market $107,000 Active 242 DOM
6. 2026-04-21
   price $112,000 510-char remark

   Show marketing remark (510 chars)

   This 3 bedroom 2 bath brick home sits on 1.7 peaceful acres and is waiting for someone to finish the remodel and make it their own. WIth 1,742 sq ft of space, you'll find a roomy kitchen with eat-in area and dining room space, large living room, and laundry. Enjoy relaxing on the enclosed front porch. Plenty of space inside and out to create the home you've wanted. With its lot and country location, this property offers plenty of potential to make it your own. Call and make an appointment to see it today.

7. 2026-04-01
   price $119,000 510-char remark

   Show marketing remark (510 chars)

   This 3 bedroom 2 bath brick home sits on 1.7 peaceful acres and is waiting for someone to finish the remodel and make it their own. WIth 1,742 sq ft of space, you'll find a roomy kitchen with eat-in area and dining room space, large living room, and laundry. Enjoy relaxing on the enclosed front porch. Plenty of space inside and out to create the home you've wanted. With its lot and country location, this property offers plenty of potential to make it your own. Call and make an appointment to see it today.

8. 2026-01-19
   price $149,000 510-char remark

   Show marketing remark (510 chars)

   This 3 bedroom 2 bath brick home sits on 1.7 peaceful acres and is waiting for someone to finish the remodel and make it their own. WIth 1,742 sq ft of space, you'll find a roomy kitchen with eat-in area and dining room space, large living room, and laundry. Enjoy relaxing on the enclosed front porch. Plenty of space inside and out to create the home you've wanted. With its lot and country location, this property offers plenty of potential to make it your own. Call and make an appointment to see it today.

9. 2025-11-06
   price $159,900 510-char remark

   Show marketing remark (510 chars)

   This 3 bedroom 2 bath brick home sits on 1.7 peaceful acres and is waiting for someone to finish the remodel and make it their own. WIth 1,742 sq ft of space, you'll find a roomy kitchen with eat-in area and dining room space, large living room, and laundry. Enjoy relaxing on the enclosed front porch. Plenty of space inside and out to create the home you've wanted. With its lot and country location, this property offers plenty of potential to make it your own. Call and make an appointment to see it today.

10. 2025-10-01
    listed $179,000 Active 510-char remark

    Show marketing remark (510 chars)

    This 3 bedroom 2 bath brick home sits on 1.7 peaceful acres and is waiting for someone to finish the remodel and make it their own. WIth 1,742 sq ft of space, you'll find a roomy kitchen with eat-in area and dining room space, large living room, and laundry. Enjoy relaxing on the enclosed front porch. Plenty of space inside and out to create the home you've wanted. With its lot and country location, this property offers plenty of potential to make it your own. Call and make an appointment to see it today.

11. 2017-03-13
    soldstatus $99,000
12. 2009-06-10
    soldstatus $99,000

ⓘ 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: $410 · $34/mo
• Projected year-2 tax: $845 · $70/mo
• Expected delta: +$435/yr (+$36/mo · 106.2%)

ⓘ 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 5/10 Major
• 🌡 Heat 6/10 Major 7 d/yr ≥107°F today · 20 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,561
• − Mortgage interest: −$5,994
• − Property taxes: −$410
• − Insurance: −$535
• − Repairs & maintenance: −$1,005
• − Management: −$1,005
• − Depreciation: −$3,113
• Taxable income: $500
• Est. tax owed @ 24.0%: −$120
• After-tax cash flow: $2,125/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: Monroe County School District
• NCES district ID: 2802940
• Math proficiency: 55% ▬ 0.00%
• Reading proficiency: 42% ▼ -9.00%
• Median HH income: $44,077
• Composite: 41.04/100
• National rank: #3579
• State rank: #17 of 130 in MS

Livability — Hamilton

• Score: 64/100
• State rank: #134
• US rank: #14531

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 2,731
• Population (ZIP): 11,496

Population outlook (Monroe County) Hauer SSP2

• Today (2025): 33,903 people
• By 2030: 32,612 · -3.8%
• By 2040: 29,761 · -12.2%
• By 2050: 26,788 · -21.0%
• By 2075: 20,058 · -40.8%
• By 2100: 14,566 · -57.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority Black (50%)
• Race & ethnicity: Black 50% White 49%
• Common ancestry: Slovak 1% Serbian 1%
• Foreign-born: 0% · Canada

Political lean MEDSL · Monroe

• 2024 margin: Solid R (+35.9) · D 31.7% · R 67.6%
• 2008→2024 swing: -18.7pp toward R · 2008: -17.2pp · 2024: -35.9pp
• All cycles: 2024: R+35.9 2020: R+30.7 2016: R+29.3 2012: R+15.9 2008: R+17.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -19.15%
• Current HPI: 137.8358
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

+13.1% since first listed

7 events — show timeline

• 2026-04-21 Price Changed $112,000 NEMSBD
• 2026-04-01 Price Changed $119,000 NEMSBD
• 2026-01-19 Price Changed $149,000 NEMSBD
• 2025-11-06 Price Changed $159,900 NEMSBD
• 2025-10-01 Listed $179,000 NEMSBD
• 2017-03-13 Sold (Public Records) $99,000 Public Records
• 2009-06-10 Sold (Public Records) $99,000 Public Records

Property tax history

-0.0%/yr

Latest (2017): $410 · +0.0% YoY. Source: county tax records.