327 Harmony Rd · Crystal Springs, MS 39059

$169,000

4 bd · 2.0 ba · 1,974 sqft · SingleFamily public records · 87 Days on market

Built 1958 0.40 ac lot $86/sqft · 10% below area Est $201k · 16% under

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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 +17.2/30.0
• ARV discount +14.7/15.0
• DSCR +5.4/10.0
• 1% rule +4.0/10.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Recently renovated family home with 4 Bedrooms and 2 Baths located at 327 Harmony Rd, Crystal Springs, MS. This charming residence boasts new floors alongside some original refinished hardwood floors, complemented by new fixtures. The kitchen is a chef's delight, featuring new countertops, a dishwasher, range, and sink. The primary suite offers an extra room that can be utilized as a private office, sitting area, nursery, or additional closet space. The main bath is updated with a beautiful new vanity, fixtures, and floors, providing lots of room for comfort. Outside, you will find a fenced backyard perfect for family gatherings, a covered patio for outdoor relaxation, and a spacious workshop with a roll door. The home also includes covered parking and an extra driveway, making it both practical and inviting. Home is sold As-Is, and priced accordingly.

Key facts

• New floors
• Private office
• Spacious workshop

Tags

• NEW FLOORS
• NEW COUNTERTOPS
• PRIVATE OFFICE
• FENCED BACKYARD
• COVERED PATIO
• SPACIOUS WORKSHOP

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $169k.

Deal economics

• At list price, monthly cash flow is $121 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $152k (10.2% below list).
• Recommended offer: $152k (10.2% below list) — sets the bar for 1% rule.
• Cap rate 7.1% vs local median 5.1% in Crystal Springs — 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 59/100 on livability (#252 in MS) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+, crime A; Watch: schools F, amenities F, commute F.
• Copiah County School District (rural): math 27% / reading 28% proficiency, ranked #76 of 130 in MS (top 58%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 73% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 56 active listings in the ZIP; 8 units permitted in Copiah County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Copiah County population projected at -20% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 87 days — a 6% lower offer ($159k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 12y ago; this cycle's ask has dropped $11k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1958 — expect roof / HVAC / electrical / plumbing capex.
• 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 $151,761 (10.2% below list)

Questions for the listing agent

1. It's been on market 87 days. Have you received any prior offers? Is the seller open to a 10% concession, seller financing, or rate buy-down credit?
2. Built in 1958 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 0.90% ✗
• Cap rate: 7.15%
• Cash-on-cash: 3.06%
• DSCR: 1.14
• GRM: 9.3

CMA / ARV

• ARV (median comp): $201,000
• List price: $169,000
• Delta: -15.92%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1008 E Georrgetown St	0.22mi	3/2.0 (-1)	1,829 (-7%)	15mo	$159,900	$87	60
108 Founders Dr	0.21mi	3/2.0 (-1)	1,821 (-8%)	23mo	$199,500	$110	53
1048 Harmony Rd	0.50mi	3/2.0 (-1)	1,943 (-2%)	24mo	$195,000	$100	49
200 Dallas St	0.37mi	3/2.0 (-1)	1,742 (-12%)	17mo	$225,000	$129	44
5048 Mathis Rd	0.64mi	3/2.0 (-1)	1,900 (-4%)	19mo	$210,000	$111	43
111 Mathis Rd	0.41mi	3/2.0 (-1)	1,699 (-14%)	12mo	$199,900	$118	43
108 Lamar St	0.74mi	3/2.0 (-1)	1,771 (-10%)	2mo	$125,000	$71	42
605 E Georgetown St	0.44mi	3/2.0 (-1)	1,800 (-9%)	22mo	$244,000	$136	41
708 Lee Ave	0.56mi	3/2.0 (-1)	1,705 (-14%)	7mo	$214,900	$126	40
914 Lee Ave	0.48mi	3/2.0 (-1)	2,260 (+14%)	21mo	$189,900	$84	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: -11.5%
• Equity multiple: 0.58×
• Total profit: $-19,736
• Equity at exit: $25,198

10-year hold

• IRR: -2.3%
• Equity multiple: 0.84×
• Total profit: $-7,424
• Equity at exit: $14,612

Cash invested: $47,320 (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 39059

• Home prices YoY: -15.9%
• Active inventory: 56
• Price-to-rent: 9.3×

Monthly cashflow live

• Estimated rent: $1,518 medium
• Mortgage (P&I): −$886
• Tax from tax record: −$122 /mo · $1,460/yr
• Insurance: −$70
• HOA: −$0
• Vacancy / Maint / Mgmt: −$319
• Net cashflow: $121

Break-even live

Break-even rent $1,365

Max offer price $169,000

Occupancy floor 87%

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: $42,250
• Closing costs: $5,070
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-06-09
   days on market $169,000 Active 87 DOM
2. 2026-06-08
   days on market $169,000 Active 86 DOM
3. 2026-06-07
   days on market $169,000 Active 85 DOM
4. 2026-06-07
   days on market $169,000 Active 84 DOM
5. 2026-06-04
   days on market $169,000 Active 81 DOM
6. 2026-06-02
   days on market $169,000 Active 80 DOM
7. 2026-06-01
   days on market $169,000 Active 79 DOM
8. 2026-05-31
   days on market $169,000 Active 78 DOM
9. 2026-05-03
   price $172,000 864-char remark

   Show marketing remark (864 chars)

   Recently renovated family home with 4 Bedrooms and 2 Baths located at 327 Harmony Rd, Crystal Springs, MS. This charming residence boasts new floors alongside some original refinished hardwood floors, complemented by new fixtures. The kitchen is a chef's delight, featuring new countertops, a dishwasher, range, and sink. The primary suite offers an extra room that can be utilized as a private office, sitting area, nursery, or additional closet space. The main bath is updated with a beautiful new vanity, fixtures, and floors, providing lots of room for comfort. Outside, you will find a fenced backyard perfect for family gatherings, a covered patio for outdoor relaxation, and a spacious workshop with a roll door. The home also includes covered parking and an extra driveway, making it both practical and inviting. Home is sold As-Is, and priced accordingly.

10. 2026-03-20
    price $175,000 864-char remark

    Show marketing remark (864 chars)

    Recently renovated family home with 4 Bedrooms and 2 Baths located at 327 Harmony Rd, Crystal Springs, MS. This charming residence boasts new floors alongside some original refinished hardwood floors, complemented by new fixtures. The kitchen is a chef's delight, featuring new countertops, a dishwasher, range, and sink. The primary suite offers an extra room that can be utilized as a private office, sitting area, nursery, or additional closet space. The main bath is updated with a beautiful new vanity, fixtures, and floors, providing lots of room for comfort. Outside, you will find a fenced backyard perfect for family gatherings, a covered patio for outdoor relaxation, and a spacious workshop with a roll door. The home also includes covered parking and an extra driveway, making it both practical and inviting. Home is sold As-Is, and priced accordingly.

11. 2026-03-14
    listed $180,000 Active 864-char remark

    Show marketing remark (864 chars)

    Recently renovated family home with 4 Bedrooms and 2 Baths located at 327 Harmony Rd, Crystal Springs, MS. This charming residence boasts new floors alongside some original refinished hardwood floors, complemented by new fixtures. The kitchen is a chef's delight, featuring new countertops, a dishwasher, range, and sink. The primary suite offers an extra room that can be utilized as a private office, sitting area, nursery, or additional closet space. The main bath is updated with a beautiful new vanity, fixtures, and floors, providing lots of room for comfort. Outside, you will find a fenced backyard perfect for family gatherings, a covered patio for outdoor relaxation, and a spacious workshop with a roll door. The home also includes covered parking and an extra driveway, making it both practical and inviting. Home is sold As-Is, and priced accordingly.

12. 2023-08-24
    soldstatus $185,000
13. 2023-08-21
    soldstatus Closed 655-char remark

    Show marketing remark (655 chars)

    Renovated family home with 4 Bedrooms 2 Baths located at 327 Harmony Rd, Crystal Springs, MS. New floors, some original refinished hardwood floors, new fixtures, fresh paint, and lots more included with this updated home! The kitchen features new countertops, dishwasher, range, and sink! The master suite has an extra room that could be used as a private office, sitting area, nursery, or additional closet space. The master bath has a beautiful new vanity, fixtures and floors! Lots of room!! Outside you will find a fenced backyard, covered patio, and a nice size workshop with roll door! Covered parking and an extra driveway complete this home!

14. 2023-07-16
    status Pending 655-char remark

    Show marketing remark (655 chars)

    Renovated family home with 4 Bedrooms 2 Baths located at 327 Harmony Rd, Crystal Springs, MS. New floors, some original refinished hardwood floors, new fixtures, fresh paint, and lots more included with this updated home! The kitchen features new countertops, dishwasher, range, and sink! The master suite has an extra room that could be used as a private office, sitting area, nursery, or additional closet space. The master bath has a beautiful new vanity, fixtures and floors! Lots of room!! Outside you will find a fenced backyard, covered patio, and a nice size workshop with roll door! Covered parking and an extra driveway complete this home!

15. 2023-07-09
    listed $185,000 Active 655-char remark

    Show marketing remark (655 chars)

    Renovated family home with 4 Bedrooms 2 Baths located at 327 Harmony Rd, Crystal Springs, MS. New floors, some original refinished hardwood floors, new fixtures, fresh paint, and lots more included with this updated home! The kitchen features new countertops, dishwasher, range, and sink! The master suite has an extra room that could be used as a private office, sitting area, nursery, or additional closet space. The master bath has a beautiful new vanity, fixtures and floors! Lots of room!! Outside you will find a fenced backyard, covered patio, and a nice size workshop with roll door! Covered parking and an extra driveway complete this home!

16. 2021-10-02
    historical
17. 2016-04-14
    soldstatus
18. 2016-01-15
    listed $59,500
19. 2014-09-15
    listed $69,500

ⓘ 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: $1,460 · $122/mo
• Projected year-2 tax: $1,460 · $122/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 3/10 Moderate
• 🌡 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: $18,211
• − Mortgage interest: −$9,467
• − Property taxes: −$1,460
• − Insurance: −$845
• − Repairs & maintenance: −$1,457
• − Management: −$1,457
• − Depreciation: −$4,916
• Taxable loss: −$1,390
• Est. tax savings @ 24.0%: +$334
• After-tax cash flow: $1,781/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: Copiah County School District
• NCES district ID: 2801220
• Math proficiency: 27% ▼ -7.00%
• Reading proficiency: 28% ▼ -4.00%
• Median HH income: $38,801
• Composite: 23.07/100
• National rank: #7966
• State rank: #76 of 130 in MS

Livability — Crystal Springs

• Score: 59/100
• State rank: #252
• US rank: #20290

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Crystal Springs, MS
• City population: 12,065
• Population (ZIP): 12,065

Population outlook (Copiah County) Hauer SSP2

• Today (2025): 27,625 people
• By 2030: 26,633 · -3.6%
• By 2040: 24,390 · -11.7%
• By 2050: 22,160 · -19.8%
• By 2075: 17,384 · -37.1%
• By 2100: 13,427 · -51.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority Black (55%)
• Race & ethnicity: Black 55% White 40% Hispanic / Latino 4% Two or more races 2%
• Common ancestry: Slovak 1% Italian 1% Serbian 1%
• Foreign-born: 2% · Canada, Jamaica
• Languages at home: 97% English-only · Spanish 3%

Political lean MEDSL · Copiah

• 2024 margin: Lean R (+6.1) · D 46.5% · R 52.6%
• 2008→2024 swing: -13.0pp toward R · 2008: 7.0pp · 2024: -6.1pp
• All cycles: 2024: R+6.1 2020: D+1.7 2016: D+5.3 2012: D+11.4 2008: D+7.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -30.34%
• Current HPI: 160.3583
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

+147.5% since first listed

11 events — show timeline

• 2026-05-03 Price Changed $172,000 MLSU
• 2026-03-20 Price Changed $175,000 MLSU
• 2026-03-14 Listed $180,000 MLSU
• 2023-08-24 Sold (Public Records) $185,000 Public Records
• 2023-08-21 Sold (MLS) — MLSU
• 2023-07-16 Pending — MLSU
• 2023-07-09 Listed $185,000 MLSU
• 2021-10-02 Listing Removed — MLSU
• 2016-04-14 Sold (MLS) — MLSU
• 2016-01-15 Listed $59,500 MLSU
• 2014-09-15 Listed $69,500 MLSU

Property tax history

+5.2%/yr

Latest (2025): $1,460 · +8.3% YoY. Source: county tax records.