427 College St · Natchez, MS 39120

$45,000

1 bd · 1.0 ba · 1,092 sqft · SingleFamily public records · 9 Days on market

Built 1952 5,662 sqft lot $41/sqft · 72% below area

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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 +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks

Charming 4-bedroom, 1-bath home just a short walk from historic Natchez College. This property features a spacious backyard and driveway parking for multiple vehicles. It's perfect as a cozy personal residence or an attractive rental investment. Don't miss this opportunity to be located in close proximity to downtown amenities and more.

Key facts

• Spacious backyard
• Driveway parking
• 5,662 sq ft lot

Tags

• SPACIOUS BACKYARD
• DRIVEWAY PARKING
• CLOSE PROXIMITY TO DOWNTOWN

Property features AI

Exterior

• Parking: Driveway
• Utilities: Public water; Public sewer; Cable available; Electricity available
• Home design: Single-family residence (house); One level
• Construction: Brick construction; Slab foundation; Built per public records
• Exterior features: Asphalt shingle roof; City lot with front yard; Irregular lot shape; Lot dimensions approximately 48 x 120

Interior

• Kitchen: Free-standing gas range
• Flooring: Linoleum
• Bathrooms: 1 full bathroom
• Heating & cooling: Natural gas heating; Wall unit cooling
• Interior features: Free-standing gas range; Linoleum flooring

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $45k.

Deal economics

• At list price, monthly cash flow is $613 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $45k).
• Cap rate 22.7% vs local median 4.4% in Natchez — 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 63/100 on livability (#156 in MS) — a middle-class / working-renter tenant base. Strengths: cost of living A+, crime B, housing B; Watch: health & safety C-, schools F, amenities F.
• Natchez-Adams School District (town): math 8% / reading 19% proficiency, ranked #114 of 130 in MS (top 88%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 90% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 283 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 6 units permitted in Adams County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $311 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• Adams County population projected at -21% 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 $13k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• Only 9 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1952 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 92% chance of damaging wind over 30y; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $45,000

Questions for the listing agent

1. Built in 1952 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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.
5. 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.
6. 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: 2.69% ✓
• Cap rate: 22.65%
• Cash-on-cash: 58.42%
• DSCR: 3.60
• GRM: 3.1

CMA / ARV

• ARV (median comp): $158,107
• List price: $45,000
• Delta: -71.54%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
704 Maple St	0.44mi	2/1.0 (+1)	1,060 (-3%)	6mo	$156,200	$147	65
621 N Wall St	0.60mi	2/1.0 (+1)	1,080 (-1%)	8mo	$157,500	$146	59
103 Lasalle St	0.58mi	2/2.0 (+1)	996 (-9%)	8mo	$65,000	$65	43
105 Linton Ave	0.65mi	2/1.0 (+1)	936 (-14%)	12mo	$149,000	$159	31

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: 57.0%
• Equity multiple: 3.53×
• Total profit: $31,818
• Equity at exit: $6,710

10-year hold

• IRR: 62.0%
• Equity multiple: 7.20×
• Total profit: $78,174
• Equity at exit: $3,891

Cash invested: $12,600 (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 39120

• Active inventory: 283
• Price-to-rent: 3.1×

Monthly cashflow live

• Estimated rent: $1,212 medium
• Mortgage (P&I): −$236
• Tax from tax record: −$89 /mo · $1,068/yr
• Insurance: −$19
• HOA: −$0
• Vacancy / Maint / Mgmt: −$254
• Net cashflow: $613

Break-even live

Break-even rent $435

Max offer price $45,000

Occupancy floor 44%

Sensitivity live

Price	-10% $639	-5% $626	+0% $613	+5% $601	+10% $588
Rent	-10% $518	-5% $566	+0% $613	+5% $661	+10% $709
Rate	-1.0pp $636	-0.5pp $625	base $613	+0.5pp $602	+1.0pp $590

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: $11,250
• Closing costs: $1,350
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
305 N Rankin St Unit B Natchez, MS	1.0	1.5	1200	$1,300	$1.08	44d	1	0.84mi
305 N Rankin St Unit A Natchez, MS	2.0	2.0	1300	$1,300	$1.00	44d	1	0.84mi
214 S Union St Unit 1/2 Natchez, MS	1.0	1.0	1100	$1,000	$0.91	44d	1	1.15mi

Listing history 2 events

1. 2026-05-12
   listed $45,000 Active 338-char remark
2. 2005-09-12
   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: $1,068 · $89/mo
• Projected year-2 tax: $1,068 · $89/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 ≥107°F today · 19 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 92% 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: $14,540
• − Mortgage interest: −$2,521
• − Property taxes: −$1,068
• − Insurance: −$225
• − Repairs & maintenance: −$1,163
• − Management: −$1,163
• − Depreciation: −$1,309
• Taxable income: $7,091
• Est. tax owed @ 24.0%: −$1,702
• After-tax cash flow: $5,660/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: Natchez-Adams School District
• NCES district ID: 2803030
• Math proficiency: 8% ▼ -16.00%
• Reading proficiency: 19% ▼ -5.00%
• Median HH income: $28,288
• Composite: 10.41/100
• National rank: #9785
• State rank: #114 of 130 in MS

Livability — Natchez

• Score: 63/100
• State rank: #156
• US rank: #15334

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Natchez, MS
• Population (ZIP): 29,212

Population outlook (Adams County) Hauer SSP2

• Today (2025): 28,614 people
• By 2030: 27,405 · -4.2%
• By 2040: 24,914 · -12.9%
• By 2050: 22,554 · -21.2%
• By 2075: 17,096 · -40.3%
• By 2100: 12,156 · -57.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.55)
• Race & ethnicity: Black 56% White 37% Hispanic / Latino 4% Two or more races 2%
• Common ancestry: Lithuanian 2% Slovak 1% Serbian 1%
• Foreign-born: 5% · Canada
• Languages at home: 94% English-only · Spanish 4% Other Asian/Pacific 1%

Political lean MEDSL · Adams

• 2024 margin: D (+13.9) · D 56.5% · R 42.6%
• 2008→2024 swing: -1.7pp toward R · 2008: 15.6pp · 2024: 13.9pp
• All cycles: 2024: D+13.9 2020: D+16.1 2016: D+14.7 2012: D+18.0 2008: D+15.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -93.67%
• Current HPI: 112.2371
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

3 events — show timeline

• 2026-05-22 Pending — MLSU
• 2026-05-12 Listed $45,000 MLSU
• 2005-09-12 Sold (Public Records) — Public Records

Property tax history

+4.0%/yr

Latest (2025): $1,068 · +22.3% YoY. Source: county tax records.