806 64th Ave · Meridian, MS 39307

$82,000

3 bd · 1.5 ba · 1,242 sqft · Other public records · 77 Days on market

Built 1968 8,712 sqft lot ↓ 16% 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 +7.5/15.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Investor Special in Meridian! This 3-bedroom, 1.5 bath home in Meridian offers a great opportunity for homeowners or investors looking for a property with potential. Featuring approximately 1242 square feet of living space, the home sits on a generous lot in an established neighborhood. The layout provides comfortable living areas and functional bedrooms, making it ideal for rental income or a personal residence with room to update and add value. Conveniently located near local schools, shopping, and everyday amenities, this property presents a solid opportunity in a growing area of Meridian.

Key facts

• Generous lot
• Near shopping
• Near local schools

Tags

• GENEROUS LOT
• ESTABLISHED NEIGHBORHOOD
• COMFORTABLE LIVING AREAS
• FUNCTIONAL BEDROOMS
• NEAR LOCAL SCHOOLS
• NEAR SHOPPING

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath other listed at $82k.

Deal economics

• At list price, monthly cash flow is $442 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $82k).
• Recommended offer: $77k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 64/100 on livability (#141 in MS) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A; Watch: schools D, amenities F, commute F.
• Meridian Public Schools (town): math 13% / reading 17% proficiency, ranked #109 of 130 in MS (top 84%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 85% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 29 active listings in the ZIP; 18 units permitted in Lauderdale County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $567 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Lauderdale County population projected at -18% 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 $23k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 77 days — a 6% lower offer ($77k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 80% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $77,080 (6.0% below list)

Questions for the listing agent

1. It's been on market 77 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1968 — 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. 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?
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: 1.63% ✓
• Cap rate: 12.75%
• Cash-on-cash: 23.07%
• DSCR: 2.03
• GRM: 5.1

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: 16.1%
• Equity multiple: 1.65×
• Total profit: $14,881
• Equity at exit: $12,226

10-year hold

• IRR: 24.7%
• Equity multiple: 3.15×
• Total profit: $49,367
• Equity at exit: $7,090

Cash invested: $22,960 (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 39307

• Home prices YoY: -21.6%
• Active inventory: 29
• Price-to-rent: 5.1×

Monthly cashflow live

• Estimated rent: $1,336 medium
• Mortgage (P&I): −$430
• Tax from tax record: −$150 /mo · $1,800/yr
• Insurance: −$34
• HOA: −$0
• Vacancy / Maint / Mgmt: −$281
• Net cashflow: $442

Break-even live

Break-even rent $777

Max offer price $82,000

Occupancy floor 62%

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: $20,500
• Closing costs: $2,460
• Reserves months: —
• Total cash needed: —

Listing history 9 events

1. 2026-06-01
   days on market $82,000 Active 77 DOM
2. 2026-05-31
   days on market $82,000 Active 76 DOM
3. 2026-05-30
   days on market $82,000 Active 75 DOM
4. 2026-05-18
   price $82,000 599-char remark

   Show marketing remark (599 chars)

   Investor Special in Meridian! This 3-bedroom, 1.5 bath home in Meridian offers a great opportunity for homeowners or investors looking for a property with potential. Featuring approximately 1242 square feet of living space, the home sits on a generous lot in an established neighborhood. The layout provides comfortable living areas and functional bedrooms, making it ideal for rental income or a personal residence with room to update and add value. Conveniently located near local schools, shopping, and everyday amenities, this property presents a solid opportunity in a growing area of Meridian.

5. 2026-05-14
   price $85,000 599-char remark

   Show marketing remark (599 chars)

   Investor Special in Meridian! This 3-bedroom, 1.5 bath home in Meridian offers a great opportunity for homeowners or investors looking for a property with potential. Featuring approximately 1242 square feet of living space, the home sits on a generous lot in an established neighborhood. The layout provides comfortable living areas and functional bedrooms, making it ideal for rental income or a personal residence with room to update and add value. Conveniently located near local schools, shopping, and everyday amenities, this property presents a solid opportunity in a growing area of Meridian.

6. 2026-04-28
   price $88,900 599-char remark

   Show marketing remark (599 chars)

   Investor Special in Meridian! This 3-bedroom, 1.5 bath home in Meridian offers a great opportunity for homeowners or investors looking for a property with potential. Featuring approximately 1242 square feet of living space, the home sits on a generous lot in an established neighborhood. The layout provides comfortable living areas and functional bedrooms, making it ideal for rental income or a personal residence with room to update and add value. Conveniently located near local schools, shopping, and everyday amenities, this property presents a solid opportunity in a growing area of Meridian.

7. 2026-04-16
   price $92,500 599-char remark

   Show marketing remark (599 chars)

   Investor Special in Meridian! This 3-bedroom, 1.5 bath home in Meridian offers a great opportunity for homeowners or investors looking for a property with potential. Featuring approximately 1242 square feet of living space, the home sits on a generous lot in an established neighborhood. The layout provides comfortable living areas and functional bedrooms, making it ideal for rental income or a personal residence with room to update and add value. Conveniently located near local schools, shopping, and everyday amenities, this property presents a solid opportunity in a growing area of Meridian.

8. 2026-03-16
   listed $98,000 Active 599-char remark

   Show marketing remark (599 chars)

   Investor Special in Meridian! This 3-bedroom, 1.5 bath home in Meridian offers a great opportunity for homeowners or investors looking for a property with potential. Featuring approximately 1242 square feet of living space, the home sits on a generous lot in an established neighborhood. The layout provides comfortable living areas and functional bedrooms, making it ideal for rental income or a personal residence with room to update and add value. Conveniently located near local schools, shopping, and everyday amenities, this property presents a solid opportunity in a growing area of Meridian.

9. 2004-01-07
   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: $1,800 · $150/mo
• Projected year-2 tax: $1,800 · $150/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 · 22 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% 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: $16,036
• − Mortgage interest: −$4,593
• − Property taxes: −$1,800
• − Insurance: −$410
• − Repairs & maintenance: −$1,283
• − Management: −$1,283
• − Depreciation: −$2,385
• Taxable income: $4,281
• Est. tax owed @ 24.0%: −$1,028
• After-tax cash flow: $4,271/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: Meridian Public Schools
• NCES district ID: 2802910
• Math proficiency: 13% ▼ -12.00%
• Reading proficiency: 17% ▼ -4.00%
• Median HH income: $30,236
• Composite: 11.87/100
• National rank: #9673
• State rank: #109 of 130 in MS

Livability — Meridian

• Score: 64/100
• State rank: #141
• US rank: #14839

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Meridian, MS
• City population: 42,445
• Population (ZIP): 15,636

Population outlook (Lauderdale County) Hauer SSP2

• Today (2025): 75,158 people
• By 2030: 72,770 · -3.2%
• By 2040: 67,309 · -10.4%
• By 2050: 61,797 · -17.8%
• By 2075: 49,790 · -33.8%
• By 2100: 39,797 · -47.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (69%)
• Race & ethnicity: Black 69% White 26% Two or more races 4%
• Common ancestry: Serbian 1% Slovak 1%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Other Asian/Pacific 1%

Political lean MEDSL · Lauderdale

• 2024 margin: Strong R (+21.2) · D 39.0% · R 60.2%
• 2008→2024 swing: -2.3pp toward R · 2008: -18.9pp · 2024: -21.2pp
• All cycles: 2024: R+21.2 2020: R+16.0 2016: R+23.0 2012: R+15.5 2008: R+18.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -33.34%
• Current HPI: 121.0078
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

-16.3% since first listed

6 events — show timeline

• 2026-05-18 Price Changed $82,000 MLSU
• 2026-05-14 Price Changed $85,000 MLSU
• 2026-04-28 Price Changed $88,900 MLSU
• 2026-04-16 Price Changed $92,500 MLSU
• 2026-03-16 Listed $98,000 MLSU
• 2004-01-07 Sold (Public Records) — Public Records