5506 Concord Dr · Jackson, MS 39211

$30,000

3 bd · 2.0 ba · 1,540 sqft · SingleFamily public records · 3 Days on market

Built 1962 0.55 ac lot $19/sqft · 82% below area

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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).

• Cash flow +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Rent growth +4.5/5.0
• Livability +3.4/5.0
• Condition / age +2.5/5.0
• Schools +1.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Home is being sold AS IS due to complete fire damage. **The house cannot be entered for viewing until after Tuesday, September 3rd.**

Key facts

• Covered carport
• Private neighborhood
• Spacious lot

Tags

• SPACIOUS LOT
• MATURE TREES
• COVERED CARPORT
• PRIVATE NEIGHBORHOOD
• OVERSIZED OUTDOOR SPACE

Property features AI

Exterior

• Parking: Carport with 2 spaces; Driveway parking; Total parking for 6 vehicles
• Utilities: Public water; Public sewer
• Home design: Single-family house; One level
• Construction: Brick construction; Slab foundation; Built year sourced from public records
• Exterior features: Approximately 0.55-acre lot

Interior

• Bathrooms: 2 full bathrooms
• Heating & cooling: No central cooling indicated
• Interior features: One-story layout

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $30k.

Deal economics

• At list price, monthly cash flow is $1k ($13k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $30k).
• Cap rate 50.7% vs local median 9.9% in Jackson — 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 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.
• Jackson Public School District (urban): math 9% / reading 18% proficiency, ranked #112 of 130 in MS (top 86%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 88% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: North Jackson Elementary School (math 7% / reading 25%, grade F, #270 of 375 statewide, top 72%, 383 students, 100% FRL).
• Market conditions: Rents rising fast (+7.9%/yr); 221 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 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 $207 of loan paydown is wiped out by about $900 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.
• At projected returns (-3.0% appreciation + 7.9% rent growth), your $8k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 3y 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 $30,000

Questions for the listing agent

1. Built in 1962 — 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. 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: 5.55% ✓
• Cap rate: 50.65%
• Cash-on-cash: 158.43%
• DSCR: 8.05
• GRM: 1.5

CMA / ARV

• ARV (median comp): $168,106
• List price: $30,000
• Delta: -77.69%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5506 Concord Dr	0.00mi	3/2.0	1,540 (0%)	1mo	$30,000	$19	99
404 Colonial Cir	0.17mi	3/2.0	1,689 (+10%)	1mo	$185,000	$110	75
316 Colonial Cir	0.13mi	3/1.0	1,407 (-9%)	4mo	$165,000	$117	72
223 S Park Dr	0.19mi	4/2.0 (+1)	1,665 (+8%)	2mo	$160,000	$96	71
213 S Park Dr	0.29mi	3/2.0	1,674 (+9%)	4mo	$159,900	$96	68
5828 Clubview Dr	0.64mi	3/2.0	1,544 (+0%)	3mo	$219,000	$142	68
1237 Springdale Dr	0.37mi	3/2.0	1,408 (-9%)	2mo	$103,500	$74	66
1250 Summer Ln	0.43mi	4/2.0 (+1)	1,615 (+5%)	4mo	$101,000	$63	64
5307 Pine Lane Dr	0.72mi	3/2.0	1,500 (-3%)	1mo	$169,000	$113	61
5247 Suffolk Cir	0.53mi	3/2.0	1,691 (+10%)	0mo	$262,500	$155	59
1218 Plantation Blvd	0.70mi	3/2.0	1,650 (+7%)	1mo	$145,000	$88	55
1810 Lake Trace Dr	0.73mi	3/2.0	1,702 (+10%)	2mo	$240,000	$141	47

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 · 7.9% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 9.86×
• Total profit: $74,416
• Equity at exit: $4,473

10-year hold

• IRR: —
• Equity multiple: 24.22×
• Total profit: $195,007
• Equity at exit: $2,594

Cash invested: $8,400 (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 39211

• Rents YoY: 7.9%
• Active inventory: 221
• Price-to-rent: 1.5×

Monthly cashflow live

• Estimated rent: $1,666 high
• Mortgage (P&I): −$157
• Tax est. 1.5%: −$38 /mo · $450/yr
• Insurance: −$12
• HOA: −$0
• Vacancy / Maint / Mgmt: −$350
• Net cashflow: $1,109

Break-even live

Break-even rent $262

Max offer price $30,000

Occupancy floor 28%

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: $7,500
• Closing costs: $900
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
120 Parkway Dr Jackson, MS	1.0–3.0	1.0–2.0	1076	$2,255	$2.10	13d	15	0.46mi
5538 Pine Lane Dr Jackson, MS	3.0	2.0	1627	$1,465	$0.90	43d	1	0.69mi
5544 Wayneland Dr Jackson, MS	3.0	2.0	1800	$1,831	$1.02	43d	1	0.75mi
119 S Canton Club Cir Jackson, MS	3.0	2.0	1444	$1,595	$1.10	23d	1	0.76mi
5301 Ridgewood Rd Jackson, MS	3.0	2.0	1482	$1,850	$1.25	43d	1	0.82mi
5855 Canton Park Dr Jackson, MS	4.0	2.0	1955	$1,675	$0.86	23d	1	0.82mi
2009 Lake Trace Dr Jackson, MS	4.0	2.0	2028	$1,950	$0.96	13d	1	0.98mi
212 Pimlico Pl Jackson, MS	3.0	2.0	1600	$900	$0.56	13d	1	1.00mi
5125 Old Canton Rd Jackson, MS	3.0	3.0	2025	$2,100	$1.04	23d	1	1.00mi
5000 Ridgewood Rd Jackson, MS	2.0	2.0	1093	$1,279	$1.17	44d	1	1.06mi
3001 Jamestown Way Jackson, MS	2.0	1.5	1200	$1,100	$0.92	23d	1	1.09mi
1702 Jamestown Way Unit 1702 Jackson, MS	3.0	2.0	1465	$1,495	$1.02	43d	1	1.11mi
492 E Beasley Rd Jackson, MS	1.0–3.0	1.0–2.0	1133	$1,440	$1.27	13d	8	1.23mi
214 Foxboro Dr Jackson, MS	3.0	2.0	1224	$1,395	$1.14	13d	1	1.46mi
51 Northtown Dr Unit 001G Jackson, MS	3.0	2.0	1260	$1,449	$1.15	13d	1	1.47mi

Listing history 17 events

1. 2026-05-15
   status Pending 939-char remark
2. 2026-05-12
   listed $30,000 Active 939-char remark
3. 2026-05-05
   historical
4. 2026-04-29
   price $37,500
5. 2026-04-16
   listed $45,000 Active
6. 2024-10-09
   soldstatus
7. 2024-09-13
   soldstatus Closed

   Show marketing remark (136 chars)

   Home is being sold AS IS due to complete fire damage. **The house cannot be entered for viewing until after Tuesday, September 3rd.**

8. 2024-09-12
   soldstatus
9. 2024-09-04
   status Pending

   Show marketing remark (136 chars)

   Home is being sold AS IS due to complete fire damage. **The house cannot be entered for viewing until after Tuesday, September 3rd.**

10. 2024-08-27
    listed $25,000 Active

    Show marketing remark (136 chars)

    Home is being sold AS IS due to complete fire damage. **The house cannot be entered for viewing until after Tuesday, September 3rd.**

11. 2024-01-27
    historical $1,495
12. 2024-01-04
    price $1,495
13. 2023-12-15
    price $1,535
14. 2023-12-14
    price $1,590
15. 2023-11-15
    listed $1,630
16. 2019-12-23
    soldstatus
17. 1965-04-27
    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 1/10 Low
• 🌡 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 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,995
• − Mortgage interest: −$1,680
• − Property taxes: −$450
• − Insurance: −$150
• − Repairs & maintenance: −$1,600
• − Management: −$1,600
• − Depreciation: −$873
• Taxable income: $13,642
• Est. tax owed @ 24.0%: −$3,274
• After-tax cash flow: $10,034/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: Jackson Public School District
• NCES district ID: 2802190
• Math proficiency: 9% ▼ -14.00%
• Reading proficiency: 18% ▼ -7.00%
• Median HH income: $33,234
• Composite: 10.89/100
• National rank: #9755
• State rank: #112 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
• County: Hinds County · 167,040 people
• City population: 140,204
• Metro: Jackson, MS
• Population (ZIP): 23,838
• Household income: $69,426
• Rent vs Own: 38.0% rent · 62.0% own
• Severe rent burden: 736.0

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: Majority Black (59%)
• Race & ethnicity: Black 59% White 36% Hispanic / Latino 3% Two or more races 2%
• Common ancestry: Serbian 2% Italian 2% Slovak 1%
• Foreign-born: 2% · Canada, China
• Languages at home: 96% English-only · Spanish 3% Chinese 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: ▼ -135.99%
• Current HPI: 145.5192
• Rent YoY: ▲ 7.90%
• Metro: Jackson, MS
• State GDP YoY: —
• F500 in state: 0

Price history

+1740.5% since first listed

18 events — show timeline

• 2026-05-26 Sold (MLS) — MLSU
• 2026-05-15 Pending — MLSU
• 2026-05-12 Listed $30,000 MLSU
• 2026-05-05 Listing Removed — MLSU
• 2026-04-29 Price Changed $37,500 MLSU
• 2026-04-16 Listed $45,000 MLSU
• 2024-10-09 Sold (Public Records) — Public Records
• 2024-09-13 Sold (MLS) — MLSU
• 2024-09-12 Sold (Public Records) — Public Records
• 2024-09-04 Pending — MLSU
• 2024-08-27 Listed $25,000 MLSU
• 2024-01-27 Rental Removed $1,495 RENTLY
• 2024-01-04 Price Changed $1,495 RENTLY
• 2023-12-15 Price Changed $1,535 RENTLY
• 2023-12-14 Price Changed $1,590 RENTLY
• 2023-11-15 Listed for Rent $1,630 RENTLY
• 2019-12-23 Sold (Public Records) — Public Records
• 1965-04-27 Sold (Public Records) — Public Records

Property tax history

+24.6%/yr

Latest (2025): $2,693 · +1.9% YoY. Source: county tax records.