241 Heathway Cv · Jackson, MS 39272

$239,500

5 bd · 4.0 ba · 5,568 sqft · SingleFamily public records · 30 Days on market

Built 1992 1.02 ac lot $43/sqft · 56% below area Est $316k · 24% under ↓ 23% since listing

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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).

• ARV discount +15.0/15.0
• Cash flow +11.6/30.0
• DSCR +3.4/10.0
• Livability +3.4/5.0
• 1% rule +3.3/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Beautiful Colonial one owner home is located in Prestigious Brookwood Country Club estates. Its situated on 1 acre with an adjoining acre that's available for purchase. You feel the warmth of home within steps of the fully wrap around porch great for morning coffee or afternoon tea! The main house has roughly 3250 square feet +/-. It boast a Foyer, Formal Living and Dining rooms that feature the original hardwood floors, generous great room with built-ins and center fireplace. The Kitchen features an island that seats 2-3 and has been updated with granite counters, tumblestone on the backsplash and black and white ceramic tile floors. The Master Suite downstairs is oversized and features a fireplace, spa like Master Bath that can stand to be updated. However, the bones of the master bath are perfectly positioned for the ease of renovation - double vanities, separate shower and large whirlpool tub; the master closet is dreamy with loads of built-ins. Upstairs you land in a oversize children's Den or Media room. There are three large bedrooms, one features a jack and jill bath, one features a en suite bath for guest. A fourth room up can be a great space for a office or personal gym. Laundry down stairs is spacious with utility sink. Enjoy the deep covered back porch and adjoined wood deck. Privacy is key as this one backs up to private wooded area. One of a kind in this area, this home also features a separate Mother in Law 2 bedroom 2 bath house with over 1200 square feet. It features a spacious den that opens to the kitchen with fireplace. Master bedroom is larger than the Master bedroom in the main house. Sunroom adjoined great for gardening. Laundry room. Other executive features include: 3 car garage with 4th car parking under covered carport that adjoins the guest home with the main home, underground pet fence, private home site, central vacuum in both homes, intercom and sound system, mature professional landscape, secure neighborhood with security guard on pa

Key facts

• Private 1 acre lot
• 1.02 acre lot
• 3 garage spots

Tags

• PRIVATE 1 ACRE LOT
• FULL WRAPAROUND PORCH
• ORIGINAL HARDWOOD FLOORS
• UPDATED GRANITE COUNTERTOPS
• TUMBLED STONE BACKSPLASH
• BLACK AND WHITE TILE FLOORING

Property features AI

Finance

• HOA & community: Has association; Association includes security; Community features: Golf

Exterior

• Parking: 3-car garage with garage door opener
• Security: Gated with guard; Security guard; Smoke detectors; Association-provided security
• Utilities: Public water; Public sewer; Cable available; Electricity available
• Home design: Single-family house; Two levels; Fixer condition
• Construction: Brick and siding exterior; Asphalt shingle roof; Conventional foundation; Built in public-records year
• Exterior features: Deck; Patio; Back yard fencing; Guest house; Located on a cul-de-sac

Interior

• Kitchen: Cooktop (including gas cooktop); Dishwasher; Disposal; Exhaust fan; Ice maker; Microwave; Oven (self-cleaning); Refrigerator; Trash compactor; Pantry
• Flooring: Carpet; Ceramic tile; Hardwood
• Bathrooms: 3 full bathrooms; 1 half bathroom
• Heating & cooling: Central heating (natural gas) with fireplace(s); Central air; Ceiling fans
• Interior features: Central vacuum; Double vanity; Eat-in kitchen; Entrance foyer; High ceilings; Pantry; Sound system; Storage; Walk-in closets; Wet bar; Storm windows; Has fireplace (living room and primary bedroom)
• Laundry & utility: Electric dryer hookup; Gas water heater; Water heater

What this means for you Summary

Snapshot

• This is a 5-bed/4.0-bath single-family listed at $240k.

Deal economics

• At list price, monthly cash flow is $-76 ($-909/yr) — negative.
• To cash-flow at today's rent, offer at most $229k (4.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $200k (16.5% below list).
• Recommended offer: $200k (16.5% below list) — sets the bar for 1% rule.
• Cap rate 5.9% vs local median 9.9% in Jackson — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

Location & tenants

• Location reads 68/100 on livability (#66 in MS) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: amenities F, employment F, health & safety F.
• Hinds County School District (rural): math 25% / reading 29% proficiency, ranked #70 of 130 in MS (top 54%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 64% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Gary Road Elementary (672 students, 100% FRL); Byram Middle School (math 29% / reading 29%, grade F, #90 of 179 statewide, top 52%, 772 students, 100% FRL); Terry High School (math 13% / reading 30%, grade F, #128 of 197 statewide, top 65%, 1,098 students, 100% FRL) — zoned schools average 100% FRL vs 64% district-wide (36 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 107 active listings in the ZIP; 167 units permitted in Hinds 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 $7k of value loss. Plan a longer hold.
• Hinds County population projected to shrink 6% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 30 days — a 2% lower offer ($236k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 11y 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 $199,917 (16.5% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. 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?
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: 0.83% ✗
• Cap rate: 5.91%
• Cash-on-cash: -1.36%
• DSCR: 0.94
• GRM: 10.0

CMA / ARV

• ARV (median comp): $316,460
• List price: $239,500
• Delta: -24.32%
• Verdict: UNDERPRICED
• Comps: 13 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3960 Forest Hill Rd	0.67mi	4/5.0 (-1)	5,310 (-5%)	11mo	$530,000	$100	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: -18.5%
• Equity multiple: 0.35×
• Total profit: $-43,606
• Equity at exit: $35,710

10-year hold

• IRR: -10.9%
• Equity multiple: 0.34×
• Total profit: $-44,064
• Equity at exit: $20,708

Cash invested: $67,060 (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 39272

• Home prices YoY: -9.8%
• Active inventory: 107
• Price-to-rent: 10.0×

Monthly cashflow live

• Estimated rent: $1,999 medium
• Mortgage (P&I): −$1,256
• Tax est. 1.5%: −$299 /mo · $3,592/yr
• Insurance: −$100
• HOA: −$0
• Vacancy / Maint / Mgmt: −$420
• Net cashflow: $-76

Break-even live

Break-even rent $2,095

Max offer price $228,534

Occupancy floor 99%

Sensitivity live

Price	-10% $90	-5% $7	+0% $-76	+5% $-159	+10% $-241
Rent	-10% $-234	-5% $-155	+0% $-76	+5% $3	+10% $82
Rate	-1.0pp $45	-0.5pp $-15	base $-76	+0.5pp $-138	+1.0pp $-201

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: $59,875
• Closing costs: $7,185
• Reserves months: —
• Total cash needed: —

Listing history 12 events

1. 2026-06-21
   days on market $239,500 Active 30 DOM
2. 2026-06-18
   days on market $239,500 Active 27 DOM
3. 2026-06-17
   days on market $239,500 Active 26 DOM
4. 2026-06-16
   days on market $239,500 Active 25 DOM
5. 2026-06-15
   days on market $239,500 Active 24 DOM
6. 2026-06-14
   statusdays on market $239,500 Active 22 DOM
7. 2026-05-18
   status Pending 2045-char remark
8. 2026-04-28
   listed $239,500 Active 2045-char remark
9. 2015-06-24
   soldstatus 2000-char remark

   Show marketing remark (2000 chars)

   Beautiful Colonial one owner home is located in Prestigious Brookwood Country Club estates. Its situated on 1 acre with an adjoining acre that's available for purchase. You feel the warmth of home within steps of the fully wrap around porch great for morning coffee or afternoon tea! The main house has roughly 3250 square feet +/-. It boast a Foyer, Formal Living and Dining rooms that feature the original hardwood floors, generous great room with built-ins and center fireplace. The Kitchen features an island that seats 2-3 and has been updated with granite counters, tumblestone on the backsplash and black and white ceramic tile floors. The Master Suite downstairs is oversized and features a fireplace, spa like Master Bath that can stand to be updated. However, the bones of the master bath are perfectly positioned for the ease of renovation - double vanities, separate shower and large whirlpool tub; the master closet is dreamy with loads of built-ins. Upstairs you land in a oversize children's Den or Media room. There are three large bedrooms, one features a jack and jill bath, one features a en suite bath for guest. A fourth room up can be a great space for a office or personal gym. Laundry down stairs is spacious with utility sink. Enjoy the deep covered back porch and adjoined wood deck. Privacy is key as this one backs up to private wooded area. One of a kind in this area, this home also features a separate Mother in Law 2 bedroom 2 bath house with over 1200 square feet. It features a spacious den that opens to the kitchen with fireplace. Master bedroom is larger than the Master bedroom in the main house. Sunroom adjoined great for gardening. Laundry room. Other executive features include: 3 car garage with 4th car parking under covered carport that adjoins the guest home with the main home, underground pet fence, private home site, central vacuum in both homes, intercom and sound system, mature professional landscape, secure neighborhood with security guard on pa

10. 2015-06-24
    soldstatus

    Show marketing remark (2000 chars)

    Beautiful Colonial one owner home is located in Prestigious Brookwood Country Club estates. Its situated on 1 acre with an adjoining acre that's available for purchase. You feel the warmth of home within steps of the fully wrap around porch great for morning coffee or afternoon tea! The main house has roughly 3250 square feet +/-. It boast a Foyer, Formal Living and Dining rooms that feature the original hardwood floors, generous great room with built-ins and center fireplace. The Kitchen features an island that seats 2-3 and has been updated with granite counters, tumblestone on the backsplash and black and white ceramic tile floors. The Master Suite downstairs is oversized and features a fireplace, spa like Master Bath that can stand to be updated. However, the bones of the master bath are perfectly positioned for the ease of renovation - double vanities, separate shower and large whirlpool tub; the master closet is dreamy with loads of built-ins. Upstairs you land in a oversize children's Den or Media room. There are three large bedrooms, one features a jack and jill bath, one features a en suite bath for guest. A fourth room up can be a great space for a office or personal gym. Laundry down stairs is spacious with utility sink. Enjoy the deep covered back porch and adjoined wood deck. Privacy is key as this one backs up to private wooded area. One of a kind in this area, this home also features a separate Mother in Law 2 bedroom 2 bath house with over 1200 square feet. It features a spacious den that opens to the kitchen with fireplace. Master bedroom is larger than the Master bedroom in the main house. Sunroom adjoined great for gardening. Laundry room. Other executive features include: 3 car garage with 4th car parking under covered carport that adjoins the guest home with the main home, underground pet fence, private home site, central vacuum in both homes, intercom and sound system, mature professional landscape, secure neighborhood with security guard on pa

11. 2015-04-20
    listed $309,900 2000-char remark

    Show marketing remark (2000 chars)

    Beautiful Colonial one owner home is located in Prestigious Brookwood Country Club estates. Its situated on 1 acre with an adjoining acre that's available for purchase. You feel the warmth of home within steps of the fully wrap around porch great for morning coffee or afternoon tea! The main house has roughly 3250 square feet +/-. It boast a Foyer, Formal Living and Dining rooms that feature the original hardwood floors, generous great room with built-ins and center fireplace. The Kitchen features an island that seats 2-3 and has been updated with granite counters, tumblestone on the backsplash and black and white ceramic tile floors. The Master Suite downstairs is oversized and features a fireplace, spa like Master Bath that can stand to be updated. However, the bones of the master bath are perfectly positioned for the ease of renovation - double vanities, separate shower and large whirlpool tub; the master closet is dreamy with loads of built-ins. Upstairs you land in a oversize children's Den or Media room. There are three large bedrooms, one features a jack and jill bath, one features a en suite bath for guest. A fourth room up can be a great space for a office or personal gym. Laundry down stairs is spacious with utility sink. Enjoy the deep covered back porch and adjoined wood deck. Privacy is key as this one backs up to private wooded area. One of a kind in this area, this home also features a separate Mother in Law 2 bedroom 2 bath house with over 1200 square feet. It features a spacious den that opens to the kitchen with fireplace. Master bedroom is larger than the Master bedroom in the main house. Sunroom adjoined great for gardening. Laundry room. Other executive features include: 3 car garage with 4th car parking under covered carport that adjoins the guest home with the main home, underground pet fence, private home site, central vacuum in both homes, intercom and sound system, mature professional landscape, secure neighborhood with security guard on pa

12. 1991-03-15
    soldstatus

ⓘ 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 (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 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 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,990
• − Mortgage interest: −$13,416
• − Property taxes: −$3,592
• − Insurance: −$1,198
• − Repairs & maintenance: −$1,919
• − Management: −$1,919
• − Depreciation: −$6,967
• Taxable loss: −$5,021
• Est. tax savings @ 24.0%: +$1,205
• After-tax cash flow: $296/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: Hinds County School District
• NCES district ID: 2801860
• Math proficiency: 25% ▼ -16.00%
• Reading proficiency: 29% ▼ -5.00%
• Median HH income: $53,335
• Composite: 24.02/100
• National rank: #7771
• State rank: #70 of 130 in MS

Livability — Jackson

• Score: 68/100
• State rank: #66
• US rank: #9695

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Jackson, MS
• City population: 140,204
• Population (ZIP): 14,161

Population outlook (Hinds County) Hauer SSP2

• Today (2025): 242,528 people
• By 2030: 241,113 · -0.6%
• By 2040: 235,557 · -2.9%
• By 2050: 226,946 · -6.4%
• By 2075: 199,995 · -17.5%
• By 2100: 164,165 · -32.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (75%)
• Race & ethnicity: Black 75% White 22% Two or more races 2% Hispanic / Latino 2%
• Common ancestry: Swedish 2% Lithuanian 1%
• Foreign-born: 1% · Vietnam
• Languages at home: 98% English-only · Spanish 1%

Political lean MEDSL · Hinds

• 2024 margin: Solid D (+46.1) · D 72.4% · R 26.3% · Other 1.4%
• 2008→2024 swing: +7.1pp toward D · 2008: 39.0pp · 2024: 46.1pp
• All cycles: 2024: D+46.1 2020: D+48.3 2016: D+43.7 2012: D+45.1 2008: D+39.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -20.11%
• Current HPI: 184.3215
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

-22.7% since first listed

7 events — show timeline

• 2026-06-11 Relisted — MLSU
• 2026-05-18 Pending — MLSU
• 2026-04-28 Listed $239,500 MLSU
• 2015-06-24 Sold (Public Records) — Public Records
• 2015-06-24 Sold (MLS) — MLSU
• 2015-04-20 Listed $309,900 MLSU
• 1991-03-15 Sold (Public Records) — Public Records

Property tax history

+5.6%/yr

Latest (2025): $12,018 · +3.8% YoY. Source: county tax records.