213 Elm St · Greenwood, MS 38930

$12,000

1 bd · 1.0 ba · 432 sqft · SingleFamily public records · 154 Days on market

Built 1940 2,178 sqft lot $28/sqft · 40% below area ↓ 8% since listing

---

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
• Schools +5.0/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Investor Special! Vacant 3BR/1BA bungalow sold AS-IS with strong rental potential. Previously rented with stable history and ready for immediate leasing or value-add improvements. Ideal buy-and-hold opportunity for local investors. Contact for pricing and projected rent details.

Key facts

• 2,178 sq ft lot
• Parking
• Built 1940

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $12k.

Deal economics

• At list price, monthly cash flow is $497 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($756 rent vs $12k).
• Recommended offer: $11k (12.0% below list) — sets the bar for market timing.
• Cap rate 55.9% vs local median 4.9% in Greenwood — 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 71/100 on livability (#31 in MS) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing A; Watch: schools D, amenities F, commute F.
• Market conditions: 100 active listings in the ZIP; 9 units permitted in Leflore County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $83 of loan paydown is wiped out by about $360 of value loss. Plan a longer hold.
• Leflore County population projected at -29% 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 $3k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 154 days — a 12% lower offer ($11k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts; this cycle's ask has dropped $1k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 3.3% of price; built in 1940 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $10,560 (12.0% below list)

Questions for the listing agent

1. It's been on market 154 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 1940 — 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 D-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. 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?
8. 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.
9. 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.
10. 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: 6.30% ✓
• Cap rate: 55.95%
• Cash-on-cash: 177.34%
• DSCR: 8.89
• GRM: 1.3

CMA / ARV

• ARV (median comp): $43,939
• List price: $12,000
• Delta: -72.69%
• Verdict: UNDERPRICED
• Comps: 4 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: —
• Equity multiple: 9.84×
• Total profit: $29,703
• Equity at exit: $1,789

10-year hold

• IRR: —
• Equity multiple: 20.84×
• Total profit: $66,678
• Equity at exit: $1,038

Cash invested: $3,360 (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 38930

• Home prices YoY: -18.6%
• Active inventory: 100
• Price-to-rent: 1.3×

Monthly cashflow live

• Estimated rent: $756 medium
• Mortgage (P&I): −$63
• Tax from tax record: −$33 /mo · $393/yr
• Insurance: −$5
• HOA: −$0
• Vacancy / Maint / Mgmt: −$159
• Net cashflow: $497

Break-even live

Break-even rent $127

Max offer price $12,000

Occupancy floor 29%

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: $3,000
• Closing costs: $360
• Reserves months: —
• Total cash needed: —

Listing history 23 events

1. 2026-06-18
   days on market $12,000 Active 154 DOM
2. 2026-06-17
   days on market $12,000 Active 153 DOM
3. 2026-06-16
   days on market $12,000 Active 152 DOM
4. 2026-06-15
   days on market $12,000 Active 151 DOM
5. 2026-06-13
   days on market $12,000 Active 149 DOM
6. 2026-06-12
   days on market $12,000 Active 148 DOM
7. 2026-06-09
   days on market $12,000 Active 145 DOM
8. 2026-06-08
   days on market $12,000 Active 144 DOM
9. 2026-06-07
   days on market $12,000 Active 143 DOM
10. 2026-06-04
    days on market $12,000 Active 139 DOM
11. 2026-06-02
    days on market $12,000 Active 138 DOM
12. 2026-06-01
    days on market $12,000 Active 137 DOM
13. 2026-05-31
    days on market $12,000 Active 136 DOM
14. 2026-04-13
    status Active 279-char remark

    Show marketing remark (282 chars)

    Investor Special! Vacant 2BR/1BA bungalow sold AS-IS with strong rental potential. Previously rented with stable history and ready for immediate leasing or value-add improvements. Ideal buy-and-hold opportunity for local investors. Contact for pricing and projected rent details. --

15. 2026-04-13
    status Active 282-char remark

    Show marketing remark (282 chars)

    Investor Special! Vacant 2BR/1BA bungalow sold AS-IS with strong rental potential. Previously rented with stable history and ready for immediate leasing or value-add improvements. Ideal buy-and-hold opportunity for local investors. Contact for pricing and projected rent details. --

16. 2026-04-10
    historical 279-char remark

    Show marketing remark (279 chars)

    Investor Special! Vacant 3BR/1BA bungalow sold AS-IS with strong rental potential. Previously rented with stable history and ready for immediate leasing or value-add improvements. Ideal buy-and-hold opportunity for local investors. Contact for pricing and projected rent details.

17. 2026-03-04
    price $12,000

    Show marketing remark (279 chars)

    Investor Special! Vacant 3BR/1BA bungalow sold AS-IS with strong rental potential. Previously rented with stable history and ready for immediate leasing or value-add improvements. Ideal buy-and-hold opportunity for local investors. Contact for pricing and projected rent details.

18. 2026-03-04
    price $12,000 282-char remark

    Show marketing remark (279 chars)

    Investor Special! Vacant 3BR/1BA bungalow sold AS-IS with strong rental potential. Previously rented with stable history and ready for immediate leasing or value-add improvements. Ideal buy-and-hold opportunity for local investors. Contact for pricing and projected rent details.

19. 2026-03-04
    price $12,000 279-char remark

    Show marketing remark (279 chars)

    Investor Special! Vacant 3BR/1BA bungalow sold AS-IS with strong rental potential. Previously rented with stable history and ready for immediate leasing or value-add improvements. Ideal buy-and-hold opportunity for local investors. Contact for pricing and projected rent details.

20. 2026-01-22
    listed $13,000 Active

    Show marketing remark (282 chars)

    Investor Special! Vacant 2BR/1BA bungalow sold AS-IS with strong rental potential. Previously rented with stable history and ready for immediate leasing or value-add improvements. Ideal buy-and-hold opportunity for local investors. Contact for pricing and projected rent details. --

21. 2026-01-22
    status Active 282-char remark

    Show marketing remark (282 chars)

    Investor Special! Vacant 2BR/1BA bungalow sold AS-IS with strong rental potential. Previously rented with stable history and ready for immediate leasing or value-add improvements. Ideal buy-and-hold opportunity for local investors. Contact for pricing and projected rent details. --

22. 2026-01-13
    listed $13,000 Active 282-char remark

    Show marketing remark (282 chars)

    Investor Special! Vacant 2BR/1BA bungalow sold AS-IS with strong rental potential. Previously rented with stable history and ready for immediate leasing or value-add improvements. Ideal buy-and-hold opportunity for local investors. Contact for pricing and projected rent details. --

23. 2026-01-10
    listed $13,000 Active 279-char remark

    Show marketing remark (279 chars)

    Investor Special! Vacant 3BR/1BA bungalow sold AS-IS with strong rental potential. Previously rented with stable history and ready for immediate leasing or value-add improvements. Ideal buy-and-hold opportunity for local investors. Contact for pricing and projected rent details.

ⓘ 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: $393 · $33/mo
• Projected year-2 tax: $393 · $33/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 · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥110°F today · 22 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% 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: $9,072
• − Mortgage interest: −$672
• − Property taxes: −$393
• − Insurance: −$60
• − Repairs & maintenance: −$726
• − Management: −$726
• − Depreciation: −$349
• Taxable income: $6,146
• Est. tax owed @ 24.0%: −$1,475
• After-tax cash flow: $4,484/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)

No district data.

Livability — Greenwood

• Score: 71/100
• State rank: #31
• US rank: #6625

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Greenwood, MS
• Population (ZIP): 23,326

Population outlook (Leflore County) Hauer SSP2

• Today (2025): 27,008 people
• By 2030: 25,362 · -6.1%
• By 2040: 22,049 · -18.4%
• By 2050: 19,188 · -29.0%
• By 2075: 13,543 · -49.9%
• By 2100: 8,913 · -67.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (70%)
• Race & ethnicity: Black 70% White 25% Hispanic / Latino 3% Two or more races 1%
• Common ancestry: Slovak 1% Serbian 1%
• Foreign-born: 2% · Canada, Jamaica
• Languages at home: 97% English-only · Spanish 2%

Political lean MEDSL · Leflore

• 2024 margin: Solid D (+38.5) · D 68.7% · R 30.3%
• 2008→2024 swing: +1.7pp toward D · 2008: 36.8pp · 2024: 38.5pp
• All cycles: 2024: D+38.5 2020: D+41.5 2016: D+41.0 2012: D+45.8 2008: D+36.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -34.32%
• Current HPI: 150.2668
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

-7.7% since first listed

10 events — show timeline

• 2026-04-13 Relisted — MLSU
• 2026-04-13 Relisted — NCMBR
• 2026-04-10 Listing Removed — MLSU
• 2026-03-04 Price Changed $12,000 NCMBR
• 2026-03-04 Price Changed $12,000 NCMBR
• 2026-03-04 Price Changed $12,000 MLSU
• 2026-01-22 Listed $13,000 NCMBR
• 2026-01-22 Relisted — NCMBR
• 2026-01-13 Listed $13,000 NCMBR
• 2026-01-10 Listed $13,000 MLSU

Property tax history

+2.0%/yr

Latest (2025): $393 · +23.5% YoY. Source: county tax records.