219 Elm St · Greenwood, MS 38930

$18,000

3 bd · 1.0 ba · 1,200 sqft · SingleFamily · 154 Days on market

Built 1935 Poor condition 7,405 sqft lot $15/sqft · at area comps Est $18k · at est. ↓ 14% since listing

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Why this score? — see what drove the B 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +8.6/15.0
• Schools +5.0/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +1.0/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Investor Special! 3BR/1BA bungalow sold AS-IS with long-term tenant in place. Stable rental history and immediate cash flow. Property will not be delivered vacant. Ideal buy-and-hold opportunity for local investors. Contact for pricing and rent details.

Key facts

• 7,405 sq ft lot
• Built 1935
• Listed 153 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $18k. Condition is rated poor.

Deal economics

• At list price, monthly cash flow is $429 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($700 rent vs $18k).
• Recommended offer: $16k (12.0% below list) — sets the bar for market timing.
• Cap rate 34.9% vs local median 4.9% in Greenwood — 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 71/100 on livability (#31 in MS) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing A; Watch: schools D, amenities F, commute F.
• Market conditions: 100 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 9 units permitted in Leflore County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $124 of loan paydown is wiped out by about $540 of value loss. Plan a longer hold.
• Leflore County population projected at -29% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $5k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 154 days — a 12% lower offer ($16k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts; this cycle's ask has dropped $3k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1935 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $15,840 (12.0% below list)

Questions for the listing agent

1. It's been on market 154 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Built in 1935 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. 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.
8. 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.
9. 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: 3.89% ✓
• Cap rate: 34.87%
• Cash-on-cash: 102.05%
• DSCR: 5.54
• GRM: 2.1

CMA / ARV

• ARV (median comp): $18,445
• List price: $18,000
• Delta: -2.41%
• Verdict: FAIR
• Comps: 7 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
418 Norman St	0.64mi	3/2.0	1,244 (+4%)	21mo	$60,000	$48	43

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 5.84×
• Total profit: $24,392
• Equity at exit: $2,684

10-year hold

• IRR: —
• Equity multiple: 12.20×
• Total profit: $56,434
• Equity at exit: $1,556

Cash invested: $5,040 (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 38930

• Home prices YoY: -18.6%
• Active inventory: 100
• Price-to-rent: 2.1×

Monthly cashflow live

• Estimated rent: $700 medium
• Mortgage (P&I): −$94
• Tax est. 1.5%: −$22 /mo · $270/yr
• Insurance: −$8
• HOA: −$0
• Vacancy / Maint / Mgmt: −$147
• Net cashflow: $429

Break-even live

Break-even rent $157

Max offer price $18,000

Occupancy floor 34%

Sensitivity live

Price	-10% $441	-5% $435	+0% $429	+5% $422	+10% $416
Rent	-10% $373	-5% $401	+0% $429	+5% $456	+10% $484
Rate	-1.0pp $438	-0.5pp $433	base $429	+0.5pp $424	+1.0pp $419

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: $4,500
• Closing costs: $540
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
207 Martin St Greenwood, MS	2.0	1.0	950	$700	$0.74	45d	1	1.03mi

Listing history 20 events

1. 2026-06-18
   days on market $18,000 Active 154 DOM
2. 2026-06-17
   days on market $18,000 Active 153 DOM
3. 2026-06-16
   days on market $18,000 Active 152 DOM
4. 2026-06-15
   days on market $18,000 Active 151 DOM
5. 2026-06-13
   days on market $18,000 Active 149 DOM
6. 2026-06-12
   days on market $18,000 Active 148 DOM
7. 2026-06-09
   days on market $18,000 Active 145 DOM
8. 2026-06-08
   days on market $18,000 Active 144 DOM
9. 2026-06-07
   days on market $18,000 Active 143 DOM
10. 2026-06-04
    days on market $18,000 Active 139 DOM
11. 2026-06-02
    days on market $18,000 Active 138 DOM
12. 2026-06-01
    days on market $18,000 Active 137 DOM
13. 2026-05-31
    days on market $18,000 Active 136 DOM
14. 2026-04-13
    status Active 253-char remark

    Show marketing remark (255 chars)

    Investor Special! Occupied 3BR/1BA bungalow sold AS-IS with strong rental potential with stableTenant and history and rental history. Ideal buy-and-hold opportunity for local investors. Contact for pricing and projected rent details. DO NOT DISTRUB TENANT

15. 2026-04-13
    status Active 255-char remark

    Show marketing remark (255 chars)

    Investor Special! Occupied 3BR/1BA bungalow sold AS-IS with strong rental potential with stableTenant and history and rental history. Ideal buy-and-hold opportunity for local investors. Contact for pricing and projected rent details. DO NOT DISTRUB TENANT

16. 2026-04-10
    historical 253-char remark

    Show marketing remark (253 chars)

    Investor Special! 3BR/1BA bungalow sold AS-IS with long-term tenant in place. Stable rental history and immediate cash flow. Property will not be delivered vacant. Ideal buy-and-hold opportunity for local investors. Contact for pricing and rent details.

17. 2026-03-04
    price $18,000 255-char remark

    Show marketing remark (253 chars)

    Investor Special! 3BR/1BA bungalow sold AS-IS with long-term tenant in place. Stable rental history and immediate cash flow. Property will not be delivered vacant. Ideal buy-and-hold opportunity for local investors. Contact for pricing and rent details.

18. 2026-03-04
    price $18,000 253-char remark

    Show marketing remark (253 chars)

    Investor Special! 3BR/1BA bungalow sold AS-IS with long-term tenant in place. Stable rental history and immediate cash flow. Property will not be delivered vacant. Ideal buy-and-hold opportunity for local investors. Contact for pricing and rent details.

19. 2026-01-13
    listed $21,000 Active 255-char remark

    Show marketing remark (255 chars)

    Investor Special! Occupied 3BR/1BA bungalow sold AS-IS with strong rental potential with stableTenant and history and rental history. Ideal buy-and-hold opportunity for local investors. Contact for pricing and projected rent details. DO NOT DISTRUB TENANT

20. 2026-01-10
    listed $21,000 Active 253-char remark

    Show marketing remark (253 chars)

    Investor Special! 3BR/1BA bungalow sold AS-IS with long-term tenant in place. Stable rental history and immediate cash flow. Property will not be delivered vacant. Ideal buy-and-hold opportunity for local investors. Contact for pricing and rent details.

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥110°F today · 21 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $8,400
• − Mortgage interest: −$1,008
• − Property taxes: −$270
• − Insurance: −$90
• − Repairs & maintenance: −$672
• − Management: −$672
• − Depreciation: −$524
• Taxable income: $5,164
• Est. tax owed @ 24.0%: −$1,239
• After-tax cash flow: $3,904/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.

Condition & rehab AI · 3 photos

Poor 20/100 Extensive rehab

This property requires extensive repairs and maintenance, including a new roof and siding, to become move-in ready. Immediate cash flow from the tenant makes it an ideal buy-and-hold opportunity for investors.

Repairs flagged

• Major roof — Exposed roof structure and missing shingles
• Major exterior siding — Weathered siding
• Major foundation — General disrepair and overgrown vegetation

Value-add opportunities

• Both New roof and siding — Both improve the home's appearance and increase its value
• Both Landscaping and exterior cleaning — Enhances curb appeal and makes the home more attractive

Renovation cost estimate screening

Repair item	Severity	Est. cost
roof · Exposed roof structure and missing shingles	Major	$15,000–50,000
exterior siding · Weathered siding	Major	$15,000–50,000
foundation · General disrepair and overgrown vegetation	Major	$15,000–50,000
Total estimated repair cost · 3 items		$45,000–150,000

Value-add ROI direction

• Both New roof and siding — Both improve the home's appearance and increase its value ↑
• Both Landscaping and exterior cleaning — Enhances curb appeal and makes the home more attractive ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

No district data.

Livability — Greenwood

• Score: 71/100
• State rank: #31
• US rank: #6625

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Greenwood, MS
• Population (ZIP): 23,326

Population outlook (Leflore County) Hauer SSP2

• Today (2025): 27,008 people
• By 2030: 25,362 · -6.1%
• By 2040: 22,049 · -18.4%
• By 2050: 19,188 · -29.0%
• By 2075: 13,543 · -49.9%
• By 2100: 8,913 · -67.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (70%)
• Race & ethnicity: Black 70% White 25% Hispanic / Latino 3% Two or more races 1%
• Common ancestry: Slovak 1% Serbian 1%
• Foreign-born: 2% · Canada, Jamaica
• Languages at home: 97% English-only · Spanish 2%

Political lean MEDSL · Leflore

• 2024 margin: Solid D (+38.5) · D 68.7% · R 30.3%
• 2008→2024 swing: +1.7pp toward D · 2008: 36.8pp · 2024: 38.5pp
• All cycles: 2024: D+38.5 2020: D+41.5 2016: D+41.0 2012: D+45.8 2008: D+36.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -34.32%
• Current HPI: 150.2668
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

-14.3% since first listed

7 events — show timeline

• 2026-04-13 Relisted — MLSU
• 2026-04-13 Relisted — NCMBR
• 2026-04-10 Listing Removed — MLSU
• 2026-03-04 Price Changed $18,000 NCMBR
• 2026-03-04 Price Changed $18,000 MLSU
• 2026-01-13 Listed $21,000 NCMBR
• 2026-01-10 Listed $21,000 MLSU