6615 Lyndon B Johnson Dr · Jackson, MS 39213

$74,900

3 bd · 2.0 ba · 1,041 sqft · SingleFamily public records · 29 Days on market

Built 1970 8,712 sqft lot Est $87k · 14% under

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Why this score? — see what drove the A- 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
• ARV discount +14.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.1/10.0

Listing remarks MLS

Short Sale, great opportunity for an investor! Tenant occupied. 3 bedrooms, 1 bath in Presidential Hills. In good condition.

Key facts

• Central hvac
• Brick exterior
• Carport parking

Tags

• BRICK EXTERIOR
• SINGLE STORY LAYOUT
• FULLY FENCED BACKYARD
• CONCRETE SLAB FOUNDATION
• CARPORT PARKING
• CENTRAL HVAC

Property features AI

Finance

• Other: Lot is level with few trees on a city lot (about 0.2 acres)

Exterior

• Parking: Carport (1 space); Paved parking
• Utilities: Public water; Public sewer; Electricity connected; Natural gas connected; Cable connected; Underground utilities
• Home design: Single family residence (house); One level
• Construction: Brick construction; Asphalt shingle roof; Slab foundation; Built (year per public records)
• Exterior features: Private yard; Back yard fencing; Rain gutters; Slab patio/porch

Interior

• Kitchen: Electric cooktop; Oven
• Flooring: Carpet
• Bathrooms: One full bathroom; One half bathroom
• Heating & cooling: Central heating (natural gas); Central air conditioning
• Interior features: Eat-in kitchen; Aluminum window frames; Lighting
• Laundry & utility: Laundry closet with washer hookup on the main level; Gas water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $75k.

Deal economics

• At list price, monthly cash flow is $362 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $75k).
• Recommended offer: $74k (1.5% below list) — sets the bar for market timing.
• Cap rate 12.1% vs local median 9.9% in Jackson — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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: Raines Elementary School (math 2% / reading 12%, grade F, #337 of 375 statewide, top 94%, 224 students, 100% FRL); Northwest Middle School (math 31% / reading 52%, grade F, #53 of 179 statewide, top 30%, 206 students, 100% FRL); Callaway High School (math 3% / reading 10%, grade F, #191 of 197 statewide, top 97%, 923 students, 100% FRL).
• Market conditions: 81 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals leasing fast (median 14d on market — plan ~1-2 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 167 units permitted in Hinds County in 2024 (0 in 5+ unit buildings).
• At $1,135/mo this rent would consume 46% of the median local household income ($30k/yr) (locally 1138% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $8k of equity ($518 loan paydown + $7k appreciation (10.0% local appreciation)).
• Hinds County population projected to shrink 6% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $21k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 5, paydown + projected appreciation supports a ~$37k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 29 days — a 2% lower offer ($74k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 19y 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: major flood risk; 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 $73,776 (1.5% below list)

Questions for the listing agent

1. Built in 1970 — 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: 1.52% ✓
• Cap rate: 12.09%
• Cash-on-cash: 20.69%
• DSCR: 1.92
• GRM: 5.5

CMA / ARV

• ARV (on-the-fly): $87,444
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6603 Lyndon B Johnson Dr	0.04mi	3/1.0	1,039 (-0%)	3mo	$89,900	$87	92
6634 Lyndon B Johnson Dr	0.06mi	3/2.0	1,120 (+8%)	6mo	$107,000	$96	79
375 James Garfield Cir	0.31mi	3/1.5	1,076 (+3%)	1mo	$89,900	$84	77
6505 Lyndon B. Johnson Drive Dr	0.26mi	3/1.5	1,036 (-0%)	15mo	$87,000	$84	73
345 William Mckinley Cir	0.47mi	3/1.5	1,166 (+12%)	1mo	$72,000	$62	55

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 39.7%
• Equity multiple: 4.04×
• Total profit: $63,855
• Equity at exit: $67,476

10-year hold

• IRR: 34.3%
• Equity multiple: 9.11×
• Total profit: $169,982
• Equity at exit: $145,514

Cash invested: $20,972 (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 39213

• Home prices YoY: 7.0%
• Active inventory: 81
• Price-to-rent: 5.5×

Monthly cashflow live

• Estimated rent: $1,135 high
• Mortgage (P&I): −$393
• Tax from tax record: −$111 /mo · $1,332/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$238
• Net cashflow: $362

Break-even live

Break-even rent $677

Max offer price $74,900

Occupancy floor 63%

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: $18,725
• Closing costs: $2,247
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6605 George Washington Dr Jackson, MS	3.0	2.0	1247	$950	$0.76	13d	1	0.11mi
6521 Lyndon B Johnson Dr Jackson, MS	3.0	1.0	1180	$1,150	$0.97	23d	1	0.22mi
6521 Lyndon B Johnson Dr Jackson, MS	3.0	1.0	1180	$1,100	$0.93	13d	1	0.22mi
6731 George Washington Dr Jackson, MS	3.0	2.0	1134	$1,300	$1.15	23d	1	0.37mi
6731 George Washington Dr Jackson, MS	3.0	2.0	1134	$1,200	$1.06	13d	1	0.37mi
6513 Abraham Lincoln Dr Jackson, MS	3.0	1.5	1330	$950	$0.71	13d	1	0.41mi

Listing history 27 events

1. 2026-06-18
   days on market $74,900 Active 29 DOM
2. 2026-06-17
   days on market $74,900 Active 28 DOM
3. 2026-06-16
   days on market $74,900 Active 27 DOM
4. 2026-06-15
   days on market $74,900 Active 26 DOM
5. 2026-06-14
   days on market $74,900 Active 24 DOM
6. 2026-06-13
   days on market $74,900 Active 23 DOM
7. 2026-06-10
   days on market $74,900 Active 21 DOM
8. 2026-06-09
   days on market $74,900 Active 20 DOM
9. 2026-06-08
   days on market $74,900 Active 19 DOM
10. 2026-06-07
    days on market $74,900 Active 18 DOM
11. 2026-06-05
    days on market $74,900 Active 15 DOM
12. 2026-06-03
    days on market $74,900 Active 14 DOM
13. 2026-06-02
    days on market $74,900 Active 13 DOM
14. 2026-06-01
    days on market $74,900 Active 12 DOM
15. 2026-05-31
    days on market $74,900 Active 11 DOM
16. 2026-05-30
    days on market $74,900 Active 10 DOM
17. 2026-05-20
    listed $74,900 Active
18. 2022-01-24
    soldstatus
19. 2018-04-16
    soldstatus 124-char remark

    Show marketing remark (124 chars)

    Short Sale, great opportunity for an investor! Tenant occupied. 3 bedrooms, 1 bath in Presidential Hills. In good condition.

20. 2018-02-14
    listed $15,000 124-char remark

    Show marketing remark (124 chars)

    Short Sale, great opportunity for an investor! Tenant occupied. 3 bedrooms, 1 bath in Presidential Hills. In good condition.

21. 2007-11-27
    soldstatus
22. 2007-10-26
    soldstatus 37-char remark

    Show marketing remark (37 chars)

    GREAT FOR INVESTOR. GOOD RENTAL AREA.

23. 2007-10-25
    soldstatus
24. 2007-06-04
    listed $24,900 37-char remark

    Show marketing remark (37 chars)

    GREAT FOR INVESTOR. GOOD RENTAL AREA.

25. 2001-12-18
    soldstatus
26. 1996-12-31
    soldstatus
27. 1995-11-16
    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: $1,332 · $111/mo
• Projected year-2 tax: $1,332 · $111/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 6/10 Major FEMA zone X (unshaded) · 71% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥107°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: $13,620
• − Mortgage interest: −$4,196
• − Property taxes: −$1,332
• − Insurance: −$374
• − Repairs & maintenance: −$1,090
• − Management: −$1,090
• − Depreciation: −$2,179
• Taxable income: $3,360
• Est. tax owed @ 24.0%: −$806
• After-tax cash flow: $3,534/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): 18,691
• Household income: $29,541
• Rent vs Own: 52.7% rent · 47.3% own
• Severe rent burden: 1138.0

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: Predominantly Black (95%)
• Race & ethnicity: Black 95% White 2% Two or more races 1% Hispanic / Latino 1%
• Foreign-born: 0% · Canada
• Languages at home: 98% English-only · Spanish 2%

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: ▲ 21.42%
• Current HPI: 329.1844
• Rent YoY: —
• Metro: Jackson, MS
• State GDP YoY: —
• F500 in state: 0

Price history

+200.8% since first listed

11 events — show timeline

• 2026-05-20 Listed $74,900 MLSU
• 2022-01-24 Sold (Public Records) — Public Records
• 2018-04-16 Sold (MLS) — MLSU
• 2018-02-14 Listed $15,000 MLSU
• 2007-11-27 Sold (Public Records) — Public Records
• 2007-10-26 Sold (MLS) — MLSU
• 2007-10-25 Sold (Public Records) — Public Records
• 2007-06-04 Listed $24,900 MLSU
• 2001-12-18 Sold (Public Records) — Public Records
• 1996-12-31 Sold (Public Records) — Public Records
• 1995-11-16 Sold (Public Records) — Public Records

Property tax history

+1.0%/yr

Latest (2025): $1,332 · +1.5% YoY. Source: county tax records.