308 N Flag Chapel Rd · Jackson, MS 39209

$6,900

3 bd · 1.5 ba · 1,088 sqft · SingleFamily public records · 268 Days on market

Built 1970 8,712 sqft lot $6/sqft · 87% below area

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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 +15.0/30.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• 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

Burned 3br/1.5ba home near main roads and minutes from I220, city of Clinton & shopping and dining. Opportunity to rebuild home or tear down and rebuild into a residential or commercial property. Property is situated in front of an apartment complex and single family homes, church, schools, park, etc. This is the time to bring your ideas to pass. Come and view NOW!

Key facts

• 8,712 sq ft lot
• Garage
• Built 1970

Tags

• OPPORTUNITY TO REBUILD
• CLOSE TO SCHOOLS AND PARK

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $7k.

Deal economics

• At list price, monthly cash flow is $965 ($12k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $7k).
• Recommended offer: $6k (12.0% below list) — sets the bar for market timing.
• Cap rate 174.2% 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: Raines Elementary School (math 2% / reading 12%, grade F, #337 of 375 statewide, top 94%, 224 students, 100% FRL); Bailey Middle Apac School (math 46% / reading 62%, grade B-, #18 of 179 statewide, top 10%, 247 students, 100% FRL); Provine High School (math 4% / reading 15%, grade F, #179 of 197 statewide, top 92%, 774 students, 100% FRL).
• Market conditions: 165 active listings in the ZIP; 2 comparable units currently listed for rent nearby; lower-income renter base — watch delinquency; 167 units permitted in Hinds County in 2024 (0 in 5+ unit buildings).
• This rent runs 43% of the median local income ($36k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $738 of equity ($48 loan paydown + $690 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 $2k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 268 days — a 12% lower offer ($6k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 19y ago; this cycle's ask has dropped $9k (57%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 3.5% of price.
• 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 $6,072 (12.0% below list)

Questions for the listing agent

1. It's been on market 268 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1970 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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.
8. 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.
9. 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: 18.79% ✓
• Cap rate: 174.16%
• Cash-on-cash: 599.54%
• DSCR: 27.68
• GRM: 0.4

CMA / ARV

• ARV (median comp): $53,430
• List price: $6,900
• Delta: -87.09%
• 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
5201 Andover Dr	0.15mi	3/1.0	1,082 (-1%)	6mo	$100,000	$92	86
346 Queen Theresa Ln	0.21mi	3/1.0	1,056 (-3%)	4mo	$64,600	$61	80
5226 Andover Dr	0.10mi	3/1.0	1,040 (-4%)	13mo	$35,000	$34	75
331 Queen Margaret Ln	0.38mi	3/1.5	1,027 (-6%)	7mo	$59,900	$58	67
5770 Queen Mary Ln	0.50mi	3/1.5	1,184 (+9%)	1mo	$74,900	$63	62
356 Queen Isabella Ln	0.43mi	3/1.5	996 (-8%)	6mo	$60,000	$60	60
663 Queen Julianna Ln	0.68mi	3/1.5	1,042 (-4%)	2mo	$42,000	$40	59
110 Barbara Ave	0.64mi	2/1.0 (-1)	1,065 (-2%)	3mo	$40,000	$38	57
324 Windsor Dr	0.41mi	3/1.0	950 (-13%)	1mo	$15,900	$17	57
135 Queen Anne Ln	0.41mi	3/2.0	1,248 (+15%)	5mo	$64,900	$52	50
151 Queen Joanna Ln	0.50mi	3/2.0	1,248 (+15%)	6mo	$52,900	$42	45
5746 Magnolia Dr	0.72mi	3/2.0	1,161 (+7%)	14mo	$105,000	$90	42

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: —
• Equity multiple: 34.78×
• Total profit: $65,262
• Equity at exit: $6,216

10-year hold

• IRR: —
• Equity multiple: 75.48×
• Total profit: $143,894
• Equity at exit: $13,405

Cash invested: $1,932 (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 39209

• Home prices YoY: 7.7%
• Active inventory: 165
• Price-to-rent: 0.4×

Monthly cashflow live

• Estimated rent: $1,297 medium
• Mortgage (P&I): −$36
• Tax from tax record: −$20 /mo · $242/yr
• Insurance: −$3
• HOA: −$0
• Vacancy / Maint / Mgmt: −$272
• Net cashflow: $965

Break-even live

Break-even rent $75

Max offer price $6,900

Occupancy floor 21%

Sensitivity live

Price	-10% $969	-5% $967	+0% $965	+5% $963	+10% $961
Rent	-10% $863	-5% $914	+0% $965	+5% $1,016	+10% $1,068
Rate	-1.0pp $969	-0.5pp $967	base $965	+0.5pp $963	+1.0pp $962

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: $1,725
• Closing costs: $207
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5301 Queen Mary Ln Jackson, MS	4.0	2.0	1100	$1,338	$1.22	15d	1	0.06mi
5629 Queen Mary Ln Jackson, MS	3.0	2.0	1272	$1,395	$1.10	15d	1	0.55mi

Listing history 43 events

1. 2026-06-22
   days on market $6,900 Active 268 DOM
2. 2026-06-18
   days on market $6,900 Active 265 DOM
3. 2026-06-17
   days on market $6,900 Active 264 DOM
4. 2026-06-16
   days on market $6,900 Active 263 DOM
5. 2026-06-15
   days on market $6,900 Active 262 DOM
6. 2026-06-14
   days on market $6,900 Active 260 DOM
7. 2026-06-13
   days on market $6,900 Active 259 DOM
8. 2026-06-10
   days on market $6,900 Active 257 DOM
9. 2026-06-09
   days on market $6,900 Active 256 DOM
10. 2026-06-08
    days on market $6,900 Active 255 DOM
11. 2026-06-07
    days on market $6,900 Active 254 DOM
12. 2026-06-05
    days on market $6,900 Active 251 DOM
13. 2026-06-03
    days on market $6,900 Active 250 DOM
14. 2026-06-02
    days on market $6,900 Active 249 DOM
15. 2026-06-01
    days on market $6,900 Active 248 DOM
16. 2026-05-31
    days on market $6,900 Active 247 DOM
17. 2026-05-30
    days on market $6,900 Active 246 DOM
18. 2026-04-29
    status Active 371-char remark

    Show marketing remark (371 chars)

    Burned 3br/1.5ba home near main roads and minutes from I220, city of Clinton & shopping and dining. Opportunity to rebuild home or tear down and rebuild into a residential or commercial property. Property is situated in front of an apartment complex and single family homes, church, schools, park, etc. This is the time to bring your ideas to pass. Come and view NOW!

19. 2026-02-03
    status Pending 371-char remark

    Show marketing remark (371 chars)

    Burned 3br/1.5ba home near main roads and minutes from I220, city of Clinton & shopping and dining. Opportunity to rebuild home or tear down and rebuild into a residential or commercial property. Property is situated in front of an apartment complex and single family homes, church, schools, park, etc. This is the time to bring your ideas to pass. Come and view NOW!

20. 2026-01-10
    status Active 371-char remark

    Show marketing remark (371 chars)

    Burned 3br/1.5ba home near main roads and minutes from I220, city of Clinton & shopping and dining. Opportunity to rebuild home or tear down and rebuild into a residential or commercial property. Property is situated in front of an apartment complex and single family homes, church, schools, park, etc. This is the time to bring your ideas to pass. Come and view NOW!

21. 2025-10-09
    price $6,900 371-char remark

    Show marketing remark (371 chars)

    Burned 3br/1.5ba home near main roads and minutes from I220, city of Clinton & shopping and dining. Opportunity to rebuild home or tear down and rebuild into a residential or commercial property. Property is situated in front of an apartment complex and single family homes, church, schools, park, etc. This is the time to bring your ideas to pass. Come and view NOW!

22. 2025-08-05
    price $7,500 371-char remark

    Show marketing remark (371 chars)

    Burned 3br/1.5ba home near main roads and minutes from I220, city of Clinton & shopping and dining. Opportunity to rebuild home or tear down and rebuild into a residential or commercial property. Property is situated in front of an apartment complex and single family homes, church, schools, park, etc. This is the time to bring your ideas to pass. Come and view NOW!

23. 2025-06-24
    price $8,500 371-char remark

    Show marketing remark (371 chars)

    Burned 3br/1.5ba home near main roads and minutes from I220, city of Clinton & shopping and dining. Opportunity to rebuild home or tear down and rebuild into a residential or commercial property. Property is situated in front of an apartment complex and single family homes, church, schools, park, etc. This is the time to bring your ideas to pass. Come and view NOW!

24. 2025-06-12
    price $9,000 371-char remark

    Show marketing remark (371 chars)

    Burned 3br/1.5ba home near main roads and minutes from I220, city of Clinton & shopping and dining. Opportunity to rebuild home or tear down and rebuild into a residential or commercial property. Property is situated in front of an apartment complex and single family homes, church, schools, park, etc. This is the time to bring your ideas to pass. Come and view NOW!

25. 2025-05-13
    status Active 371-char remark

    Show marketing remark (371 chars)

    Burned 3br/1.5ba home near main roads and minutes from I220, city of Clinton & shopping and dining. Opportunity to rebuild home or tear down and rebuild into a residential or commercial property. Property is situated in front of an apartment complex and single family homes, church, schools, park, etc. This is the time to bring your ideas to pass. Come and view NOW!

26. 2025-03-20
    status Pending 371-char remark

    Show marketing remark (371 chars)

    Burned 3br/1.5ba home near main roads and minutes from I220, city of Clinton & shopping and dining. Opportunity to rebuild home or tear down and rebuild into a residential or commercial property. Property is situated in front of an apartment complex and single family homes, church, schools, park, etc. This is the time to bring your ideas to pass. Come and view NOW!

27. 2025-03-20
    historical 371-char remark

    Show marketing remark (371 chars)

    Burned 3br/1.5ba home near main roads and minutes from I220, city of Clinton & shopping and dining. Opportunity to rebuild home or tear down and rebuild into a residential or commercial property. Property is situated in front of an apartment complex and single family homes, church, schools, park, etc. This is the time to bring your ideas to pass. Come and view NOW!

28. 2025-03-19
    historical 371-char remark

    Show marketing remark (371 chars)

    Burned 3br/1.5ba home near main roads and minutes from I220, city of Clinton & shopping and dining. Opportunity to rebuild home or tear down and rebuild into a residential or commercial property. Property is situated in front of an apartment complex and single family homes, church, schools, park, etc. This is the time to bring your ideas to pass. Come and view NOW!

29. 2024-11-02
    price $9,900 371-char remark

    Show marketing remark (371 chars)

    Burned 3br/1.5ba home near main roads and minutes from I220, city of Clinton & shopping and dining. Opportunity to rebuild home or tear down and rebuild into a residential or commercial property. Property is situated in front of an apartment complex and single family homes, church, schools, park, etc. This is the time to bring your ideas to pass. Come and view NOW!

30. 2024-11-01
    price $10,000 371-char remark

    Show marketing remark (371 chars)

    Burned 3br/1.5ba home near main roads and minutes from I220, city of Clinton & shopping and dining. Opportunity to rebuild home or tear down and rebuild into a residential or commercial property. Property is situated in front of an apartment complex and single family homes, church, schools, park, etc. This is the time to bring your ideas to pass. Come and view NOW!

31. 2024-09-10
    listed $15,900 Active 371-char remark

    Show marketing remark (371 chars)

    Burned 3br/1.5ba home near main roads and minutes from I220, city of Clinton & shopping and dining. Opportunity to rebuild home or tear down and rebuild into a residential or commercial property. Property is situated in front of an apartment complex and single family homes, church, schools, park, etc. This is the time to bring your ideas to pass. Come and view NOW!

32. 2022-08-29
    price $850
33. 2021-10-08
    historical
34. 2021-10-01
    historical
35. 2009-04-10
    listed $71,000
36. 2008-03-17
    soldstatus
37. 2008-02-20
    listed $14,900
38. 2008-02-06
    soldstatus
39. 2007-01-18
    listed $75,000
40. 2005-02-15
    soldstatus
41. 2004-10-29
    soldstatus
42. 1997-01-20
    soldstatus
43. 1995-04-28
    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: $242 · $20/mo
• Projected year-2 tax: $242 · $20/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 X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥109°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: $15,562
• − Mortgage interest: −$387
• − Property taxes: −$242
• − Insurance: −$34
• − Repairs & maintenance: −$1,245
• − Management: −$1,245
• − Depreciation: −$201
• Taxable income: $12,208
• Est. tax owed @ 24.0%: −$2,930
• After-tax cash flow: $8,653/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): 25,776
• Household income: $36,344
• Rent vs Own: 52.3% rent · 47.7% own
• Severe rent burden: 1627.0

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 (90%)
• Race & ethnicity: Black 90% White 7% Two or more races 2% Hispanic / Latino 1%
• Foreign-born: 1% · 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: ▲ 22.28%
• Current HPI: 312.6754
• Rent YoY: —
• Metro: Jackson, MS
• State GDP YoY: —
• F500 in state: 0

Price history

-90.8% since first listed

26 events — show timeline

• 2026-04-29 Relisted — MLSU
• 2026-02-03 Pending — MLSU
• 2026-01-10 Relisted — MLSU
• 2025-10-09 Price Changed $6,900 MLSU
• 2025-08-05 Price Changed $7,500 MLSU
• 2025-06-24 Price Changed $8,500 MLSU
• 2025-06-12 Price Changed $9,000 MLSU
• 2025-05-13 Relisted — MLSU
• 2025-03-20 Pending — MLSU
• 2025-03-20 Listing Removed — MLSU
• 2025-03-19 Listing Removed — MLSU
• 2024-11-02 Price Changed $9,900 MLSU
• 2024-11-01 Price Changed $10,000 MLSU
• 2024-09-10 Listed $15,900 MLSU
• 2022-08-29 Price Changed $850 RENT.
• 2021-10-08 Listing Removed — MLSU
• 2021-10-01 Listing Removed — MLSU
• 2009-04-10 Listed $71,000 MLSU
• 2008-03-17 Sold (MLS) — MLSU
• 2008-02-20 Listed $14,900 MLSU
• 2008-02-06 Sold (Public Records) — Public Records
• 2007-01-18 Listed $75,000 MLSU
• 2005-02-15 Sold (Public Records) — Public Records
• 2004-10-29 Sold (Public Records) — Public Records
• 1997-01-20 Sold (Public Records) — Public Records
• 1995-04-28 Sold (Public Records) — Public Records

Property tax history

-11.9%/yr

Latest (2025): $242 · -77.6% YoY. Source: county tax records.