303 Petal Dr · Petal, MS 39465

$150,000

3 bd · 1.0 ba · 1,906 sqft · SingleFamily public records · 32 Days on market

Built 1960 0.57 ac lot $79/sqft · 34% below area Est $220k · 32% under

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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 +22.8/30.0
• ARV discount +15.0/15.0
• DSCR +7.3/10.0
• 1% rule +5.8/10.0
• Schools +5.3/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Sitting on two spacious lots in the highly desirable Petal School District, this 3-bedroom, 3-bathroom home offers approximately 1,850 +/- sq. ft. of living space with a lot of potential. A brand new roof has already been taken care of, giving the next owner a great head start. The home features a mix of carpet, ceramic tile, and vinyl plank flooring throughout, with central heating and cooling in place. A covered two-car carport and classic wood siding give the exterior a timeless look, and a partial basement adds even more flexibility, whether you need extra storage, a home gym, or a dedicated hobby space. The location is hard to beat, just minutes from Petal schools, shopping, and everyday conveniences. This one does need a few repairs, making it a great opportunity for an investor or a buyer ready to put in a little work and make it their own.

Key facts

• Brand new roof
• Extra storage
• Partial basement

Tags

• BRAND NEW ROOF
• CENTRAL HEATING AND COOLING
• COVERED TWO-CAR CARPORT
• CLASSIC WOOD SIDING
• PARTIAL BASEMENT
• EXTRA STORAGE

Property features AI

Exterior

• Parking: 2-space carport; Concrete parking surface
• Utilities: Public water; Public sewer; Electric service
• Home design: Single family residence; House; One level; Raised foundation
• Construction: Wood siding; Architectural shingle roof
• Exterior features: Private yard

Interior

• Kitchen: Dishwasher; Refrigerator
• Flooring: Luxury vinyl; Carpet; Ceramic tile
• Bathrooms: 3 full bathrooms
• Heating & cooling: Central heating; Central air conditioning; Electric cooling; Ceiling fans
• Interior features: Dishwasher; Refrigerator; Luxury vinyl flooring; Carpet flooring; Ceramic tile flooring

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $136 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $146k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.4% vs local median 4.0% in Petal — 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 73/100 on livability (#18 in MS) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: health & safety D, amenities F, commute F.
• Petal School District (suburban): math 68% / reading 56% proficiency, ranked #2 of 130 in MS (top 2%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 228 active listings in the ZIP; 121 units permitted in Forrest County in 2024 (30 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Forrest County population projected at +6% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 32 days — a 3% lower offer ($146k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 10y 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

• Watch-outs: flood insurance adds $125/mo.
• Climate carrying-cost: in FEMA flood zone A (mandatory federal flood insurance); severe wind risk, 99% 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 $145,500 (3.0% below list)

Questions for the listing agent

1. It's been on market 32 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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: 1.08% ✓
• Cap rate: 8.38%
• Cash-on-cash: 7.46%
• DSCR: 1.33
• GRM: 7.8

CMA / ARV

• ARV (median comp): $219,900
• List price: $150,000
• Delta: -31.79%
• Verdict: UNDERPRICED
• Comps: 11 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
202 Hegwood St	0.52mi	3/2.0	1,689 (-11%)	1mo	$184,800	$109	52
206 Margaret Ave	0.55mi	4/2.0 (+1)	1,769 (-7%)	15mo	$220,000	$124	41

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: -10.1%
• Equity multiple: 0.63×
• Total profit: $-15,555
• Equity at exit: $22,365

10-year hold

• IRR: -0.7%
• Equity multiple: 0.95×
• Total profit: $-2,036
• Equity at exit: $12,969

Cash invested: $42,000 (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 39465

• Active inventory: 228
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $1,613 medium
• Mortgage (P&I): −$787
• Tax from tax record: −$164 /mo · $1,966/yr
• Insurance: −$62
• Flood insurance flood zone: −$125 /mo · $1,502/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$339
• Net cashflow: $136

Break-even live

Break-even rent $1,441

Max offer price $150,000

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Listing history 27 events

1. 2026-06-17
   status $150,000 Pending 32 DOM
2. 2026-06-16
   days on market $150,000 Active 32 DOM

   Show marketing remark (859 chars)

   Sitting on two spacious lots in the highly desirable Petal School District, this 3-bedroom, 3-bathroom home offers approximately 1,850 +/- sq. ft. of living space with a lot of potential. A brand new roof has already been taken care of, giving the next owner a great head start. The home features a mix of carpet, ceramic tile, and vinyl plank flooring throughout, with central heating and cooling in place. A covered two-car carport and classic wood siding give the exterior a timeless look, and a partial basement adds even more flexibility, whether you need extra storage, a home gym, or a dedicated hobby space. The location is hard to beat, just minutes from Petal schools, shopping, and everyday conveniences. This one does need a few repairs, making it a great opportunity for an investor or a buyer ready to put in a little work and make it their own.

3. 2026-06-15
   days on market $150,000 Active 31 DOM
4. 2026-06-14
   days on market $150,000 Active 29 DOM
5. 2026-06-13
   days on market $150,000 Active 28 DOM
6. 2026-06-10
   days on market $150,000 Active 26 DOM
7. 2026-06-09
   days on market $150,000 Active 25 DOM
8. 2026-06-08
   days on market $150,000 Active 24 DOM
9. 2026-06-07
   days on market $150,000 Active 23 DOM
10. 2026-06-05
    days on market $150,000 Active 20 DOM
11. 2026-06-02
    days on market $150,000 Active 18 DOM
12. 2026-06-01
    days on market $150,000 Active 17 DOM
13. 2026-05-31
    days on market $150,000 Active 16 DOM
14. 2026-05-30
    days on market $150,000 Active 15 DOM
15. 2026-05-15
    listed $150,000 Active 862-char remark

    Show marketing remark (859 chars)

    Sitting on two spacious lots in the highly desirable Petal School District, this 3-bedroom, 3-bathroom home offers approximately 1,850 +/- sq. ft. of living space with a lot of potential. A brand new roof has already been taken care of, giving the next owner a great head start. The home features a mix of carpet, ceramic tile, and vinyl plank flooring throughout, with central heating and cooling in place. A covered two-car carport and classic wood siding give the exterior a timeless look, and a partial basement adds even more flexibility, whether you need extra storage, a home gym, or a dedicated hobby space. The location is hard to beat, just minutes from Petal schools, shopping, and everyday conveniences. This one does need a few repairs, making it a great opportunity for an investor or a buyer ready to put in a little work and make it their own.

16. 2026-05-15
    listed $150,000 Active 859-char remark

    Show marketing remark (859 chars)

    Sitting on two spacious lots in the highly desirable Petal School District, this 3-bedroom, 3-bathroom home offers approximately 1,850 +/- sq. ft. of living space with a lot of potential. A brand new roof has already been taken care of, giving the next owner a great head start. The home features a mix of carpet, ceramic tile, and vinyl plank flooring throughout, with central heating and cooling in place. A covered two-car carport and classic wood siding give the exterior a timeless look, and a partial basement adds even more flexibility, whether you need extra storage, a home gym, or a dedicated hobby space. The location is hard to beat, just minutes from Petal schools, shopping, and everyday conveniences. This one does need a few repairs, making it a great opportunity for an investor or a buyer ready to put in a little work and make it their own.

17. 2026-02-23
    status Active
18. 2026-02-05
    status Pending
19. 2026-01-31
    price $155,000
20. 2025-09-14
    price $180,000
21. 2025-08-28
    price $195,000
22. 2025-07-10
    price $210,000
23. 2025-06-11
    listed $231,250 Active
24. 2023-02-23
    soldstatus
25. 2021-10-26
    listed $137,500
26. 2016-07-29
    soldstatus
27. 2016-01-23
    listed $112,000

ⓘ 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: $1,966 · $164/mo
• Projected year-2 tax: $1,966 · $164/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 4/10 Moderate FEMA zone A · 22% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥106°F today · 21 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 99% 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: $19,355
• − Mortgage interest: −$8,402
• − Property taxes: −$1,966
• − Insurance: −$2,252
• − Repairs & maintenance: −$1,548
• − Management: −$1,548
• − Depreciation: −$4,364
• Taxable loss: −$726
• Est. tax savings @ 24.0%: +$174
• After-tax cash flow: $1,807/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: Petal School District
• NCES district ID: 2803530
• Math proficiency: 68% ▼ -8.00%
• Reading proficiency: 56% ▼ -6.00%
• Median HH income: $51,872
• Composite: 52.97/100
• National rank: #1526
• State rank: #2 of 130 in MS

Livability — Petal

• Score: 73/100
• State rank: #18
• US rank: #5565

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Petal, MS
• County: Forrest County · 65,413 people
• City population: 22,882
• Metro: Hattiesburg, MS
• Population (ZIP): 22,882
• Household income: $74,035
• Rent vs Own: 22.7% rent · 77.3% own
• Severe rent burden: 199.0

Population outlook (Forrest County) Hauer SSP2

• Today (2025): 79,264 people
• By 2030: 80,822 · +2.0%
• By 2040: 82,979 · +4.7%
• By 2050: 84,324 · +6.4%
• By 2075: 84,942 · +7.2%
• By 2100: 80,616 · +1.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (81%)
• Race & ethnicity: White 81% Black 13% Two or more races 3% Hispanic / Latino 3%
• Common ancestry: Lithuanian 4% Slovak 2% Italian 1%
• Foreign-born: 2% · Canada, Vietnam
• Languages at home: 98% English-only · Spanish 2%

Political lean MEDSL · Forrest

• 2024 margin: R (+17.9) · D 40.3% · R 58.2% · Other 1.4%
• 2008→2024 swing: -4.4pp toward R · 2008: -13.5pp · 2024: -17.9pp
• All cycles: 2024: R+17.9 2020: R+11.1 2016: R+14.2 2012: R+11.7 2008: R+13.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -96.97%
• Current HPI: 158.6021
• Rent YoY: —
• Metro: Hattiesburg, MS
• State GDP YoY: —
• F500 in state: 0

Price history

+33.9% since first listed

15 events — show timeline

• 2026-06-16 Pending — HAAR
• 2026-06-16 Pending — MLSU
• 2026-05-15 Listed $150,000 MLSU
• 2026-05-15 Listed $150,000 HAAR
• 2026-02-23 Relisted — HAAR
• 2026-02-05 Pending — HAAR
• 2026-01-31 Price Changed $155,000 HAAR
• 2025-09-14 Price Changed $180,000 HAAR
• 2025-08-28 Price Changed $195,000 HAAR
• 2025-07-10 Price Changed $210,000 HAAR
• 2025-06-11 Listed $231,250 HAAR
• 2023-02-23 Sold (MLS) — HAAR
• 2021-10-26 Listed $137,500 HAAR
• 2016-07-29 Sold (MLS) — HAAR
• 2016-01-23 Listed $112,000 HAAR

Property tax history

+11.6%/yr

Latest (2025): $1,966 · +20.1% YoY. Source: county tax records.