907 Wedgewood Dr · Hattiesburg, MS 39401

$148,000

3 bd · 1.0 ba · 1,461 sqft · SingleFamily public records · 28 Days on market

Built 1955 7,872 sqft lot $101/sqft · 12% below area Est $168k · 12% 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 +16.0/30.0
• ARV discount +12.8/15.0
• DSCR +4.9/10.0
• Rent growth +4.1/5.0
• Livability +4.0/5.0
• 1% rule +3.9/10.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Perfect home for First Time Buyer, Retiree, or Investor. Hattiesburg School District. Close to Hardy St where shopping of any kind can be done. Home has spacious living and dining room. Kitchen has attractive cabinets and layout. Screened back porch previously used for workshop. Large back yard. Call today to see.

Key facts

• New a/c system
• Modern updates
• Prime location

Tags

• NEW A/C SYSTEM
• MODERN UPDATES
• PRIME LOCATION

Property features AI

Exterior

• Parking: Attached carport
• Home design: Single-family residence; One level
• Construction: Masonite exterior; Slab foundation
• Exterior features: No notable exterior features listed; Lot dimensions approximately 64 x 123

Interior

• Bathrooms: 1 full bathroom
• Heating & cooling: Central air conditioning
• Interior features: Ceiling fan(s)

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $148k.

Deal economics

• At list price, monthly cash flow is $72 ($869/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 $132k (10.7% below list).
• Recommended offer: $132k (10.7% below list) — sets the bar for 1% rule.
• Cap rate 6.9% vs local median 4.0% in Hattiesburg — 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 79/100 on livability (#5 in MS, #2,046 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, health & safety A+; Watch: schools D+, crime D+, employment F.
• Hattiesburg Public School District (urban): math 25% / reading 26% proficiency, ranked #81 of 130 in MS (top 62%) — 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.
• Market conditions: Rents rising fast (+6.6%/yr); 261 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 121 units permitted in Forrest County in 2024 (30 in 5+ unit buildings).
• This rent runs 39% of the median local income ($41k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Forrest County population projected at +6% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 28 days — a 2% lower offer ($146k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 4y 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

• Watch-outs: built in 1955 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% 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 $132,229 (10.7% below list)

Questions for the listing agent

1. Built in 1955 — 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 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?
4. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
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: 0.89% ✗
• Cap rate: 6.88%
• Cash-on-cash: 2.10%
• DSCR: 1.09
• GRM: 9.3

CMA / ARV

• ARV (median comp): $167,881
• List price: $148,000
• Delta: -11.84%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
906 Quinn St	0.03mi	3/1.0	1,475 (+1%)	13mo	$139,900	$95	86
412 N 20th Ave	0.43mi	3/1.0	1,502 (+3%)	23mo	$99,900	$67	56
1407 Concart St	0.41mi	2/1.0 (-1)	1,520 (+4%)	18mo	$149,000	$98	54
305 S 12th Ave	0.65mi	3/2.0	1,503 (+3%)	9mo	$175,000	$116	53
338 Venetian Way	0.66mi	4/3.0 (+1)	1,560 (+7%)	2mo	$149,900	$96	44
130 Cooper St	0.74mi	3/2.0	1,463 (+0%)	22mo	$57,000	$39	43
1431 W 7th St	0.58mi	3/2.0	1,292 (-12%)	12mo	$210,000	$163	39
219 N 23rd Ave	0.54mi	3/2.0	1,652 (+13%)	15mo	$175,000	$106	37

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 · 6.56% rent growth · sell at horizon

5-year hold

• IRR: -9.2%
• Equity multiple: 0.65×
• Total profit: $-14,475
• Equity at exit: $22,067

10-year hold

• IRR: 4.3%
• Equity multiple: 1.36×
• Total profit: $14,951
• Equity at exit: $12,796

Cash invested: $41,440 (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 39401

• Rents YoY: 6.6%
• Active inventory: 261
• Price-to-rent: 9.3×

Monthly cashflow live

• Estimated rent: $1,322 high
• Mortgage (P&I): −$776
• Tax from tax record: −$134 /mo · $1,613/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$278
• Net cashflow: $72

Break-even live

Break-even rent $1,231

Max offer price $148,000

Occupancy floor 90%

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: $37,000
• Closing costs: $4,440
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
107 Kimball Ave Hattiesburg, MS	3.0	1.0	1500	$1,375	$0.92	21d	1	0.29mi
416 N 19th Ave Hattiesburg, MS	2.0	1.0	1100	$1,250	$1.14	21d	1	0.33mi
1302 Hardy St Apt A Hattiesburg, MS	2.0	1.5	1000	$900	$0.90	43d	1	0.43mi
217 Patton Ave Hattiesburg, MS	3.0	1.0	1008	$1,300	$1.29	21d	1	0.52mi
2304 W 7th St Hattiesburg, MS	1.0–3.0	1.0–2.5	1175	$1,065	$0.91	21d	1	0.72mi
313 S 11th Ave Hattiesburg, MS	3.0	2.0	1596	$1,850	$1.16	21d	1	0.75mi
307 S 23rd Ave Hattiesburg, MS	3.0	2.0	1300	$1,595	$1.23	43d	1	0.77mi
2501 W 7th St Hattiesburg, MS	1.0–2.0	1.0	753	$740	$0.98	21d	1	0.93mi
112 Dearborne St Unit A Hattiesburg, MS	2.0	1.0	1000	$1,450	$1.45	21d	1	0.94mi
112 Dearborne St Unit B Hattiesburg, MS	2.0	2.0	1000	$1,450	$1.45	21d	1	0.94mi
211 Chevy Chase Dr Apt 5 Hattiesburg, MS	2.0	2.0	917	$995	$1.09	43d	1	1.08mi
720 N 28th Ave Hattiesburg, MS	3.0	2.5	1200	$1,307	$1.09	43d	3	1.13mi
901 W Pine St Hattiesburg, MS	1.0–2.0	1.0–1.5	930	$1,200	$1.29	21d	1	1.15mi
3414 W 7th St Hattiesburg, MS	1.0–4.0	1.0–2.0	1075	$1,332	$1.24	43d	1	1.49mi

Listing history 42 events

1. 2026-06-09
   statusdays on market $148,000 Pending 28 DOM
2. 2026-06-08
   days on market $148,000 Active 27 DOM
3. 2026-06-07
   days on market $148,000 Active 26 DOM
4. 2026-06-05
   pricedays on market $148,000 Active 23 DOM
5. 2026-06-03
   days on market $149,000 Active 22 DOM
6. 2026-06-02
   days on market $149,000 Active 21 DOM
7. 2026-06-01
   days on market $149,000 Active 20 DOM
8. 2026-05-31
   days on market $149,000 Active 19 DOM
9. 2026-05-30
   days on market $149,000 Active 18 DOM
10. 2026-05-12
    listed $149,000 Active 457-char remark
11. 2026-01-30
    soldstatus Closed 315-char remark

    Show marketing remark (315 chars)

    Perfect home for First Time Buyer, Retiree, or Investor. Hattiesburg School District. Close to Hardy St where shopping of any kind can be done. Home has spacious living and dining room. Kitchen has attractive cabinets and layout. Screened back porch previously used for workshop. Large back yard. Call today to see.

12. 2026-01-30
    soldstatus Closed

    Show marketing remark (315 chars)

    Perfect home for First Time Buyer, Retiree, or Investor. Hattiesburg School District. Close to Hardy St where shopping of any kind can be done. Home has spacious living and dining room. Kitchen has attractive cabinets and layout. Screened back porch previously used for workshop. Large back yard. Call today to see.

13. 2025-12-27
    status Pending

    Show marketing remark (315 chars)

    Perfect home for First Time Buyer, Retiree, or Investor. Hattiesburg School District. Close to Hardy St where shopping of any kind can be done. Home has spacious living and dining room. Kitchen has attractive cabinets and layout. Screened back porch previously used for workshop. Large back yard. Call today to see.

14. 2025-12-27
    status Pending 315-char remark

    Show marketing remark (315 chars)

    Perfect home for First Time Buyer, Retiree, or Investor. Hattiesburg School District. Close to Hardy St where shopping of any kind can be done. Home has spacious living and dining room. Kitchen has attractive cabinets and layout. Screened back porch previously used for workshop. Large back yard. Call today to see.

15. 2025-12-10
    price $60,000
16. 2025-12-08
    price $60,000 315-char remark

    Show marketing remark (315 chars)

    Perfect home for First Time Buyer, Retiree, or Investor. Hattiesburg School District. Close to Hardy St where shopping of any kind can be done. Home has spacious living and dining room. Kitchen has attractive cabinets and layout. Screened back porch previously used for workshop. Large back yard. Call today to see.

17. 2025-11-05
    status Active 315-char remark

    Show marketing remark (315 chars)

    Perfect home for First Time Buyer, Retiree, or Investor. Hattiesburg School District. Close to Hardy St where shopping of any kind can be done. Home has spacious living and dining room. Kitchen has attractive cabinets and layout. Screened back porch previously used for workshop. Large back yard. Call today to see.

18. 2025-10-26
    status Pending 315-char remark

    Show marketing remark (315 chars)

    Perfect home for First Time Buyer, Retiree, or Investor. Hattiesburg School District. Close to Hardy St where shopping of any kind can be done. Home has spacious living and dining room. Kitchen has attractive cabinets and layout. Screened back porch previously used for workshop. Large back yard. Call today to see.

19. 2025-10-06
    status Active

    Show marketing remark (315 chars)

    Perfect home for First Time Buyer, Retiree, or Investor. Hattiesburg School District. Close to Hardy St where shopping of any kind can be done. Home has spacious living and dining room. Kitchen has attractive cabinets and layout. Screened back porch previously used for workshop. Large back yard. Call today to see.

20. 2025-10-06
    price $75,000

    Show marketing remark (315 chars)

    Perfect home for First Time Buyer, Retiree, or Investor. Hattiesburg School District. Close to Hardy St where shopping of any kind can be done. Home has spacious living and dining room. Kitchen has attractive cabinets and layout. Screened back porch previously used for workshop. Large back yard. Call today to see.

21. 2025-10-06
    price $75,000 315-char remark

    Show marketing remark (315 chars)

    Perfect home for First Time Buyer, Retiree, or Investor. Hattiesburg School District. Close to Hardy St where shopping of any kind can be done. Home has spacious living and dining room. Kitchen has attractive cabinets and layout. Screened back porch previously used for workshop. Large back yard. Call today to see.

22. 2025-08-21
    price $80,000
23. 2025-08-20
    price $80,000 315-char remark

    Show marketing remark (315 chars)

    Perfect home for First Time Buyer, Retiree, or Investor. Hattiesburg School District. Close to Hardy St where shopping of any kind can be done. Home has spacious living and dining room. Kitchen has attractive cabinets and layout. Screened back porch previously used for workshop. Large back yard. Call today to see.

24. 2025-07-22
    price $85,000 315-char remark

    Show marketing remark (315 chars)

    Perfect home for First Time Buyer, Retiree, or Investor. Hattiesburg School District. Close to Hardy St where shopping of any kind can be done. Home has spacious living and dining room. Kitchen has attractive cabinets and layout. Screened back porch previously used for workshop. Large back yard. Call today to see.

25. 2025-07-17
    status Active 315-char remark

    Show marketing remark (315 chars)

    Perfect home for First Time Buyer, Retiree, or Investor. Hattiesburg School District. Close to Hardy St where shopping of any kind can be done. Home has spacious living and dining room. Kitchen has attractive cabinets and layout. Screened back porch previously used for workshop. Large back yard. Call today to see.

26. 2025-07-17
    status Active

    Show marketing remark (315 chars)

    Perfect home for First Time Buyer, Retiree, or Investor. Hattiesburg School District. Close to Hardy St where shopping of any kind can be done. Home has spacious living and dining room. Kitchen has attractive cabinets and layout. Screened back porch previously used for workshop. Large back yard. Call today to see.

27. 2025-07-03
    status Active 315-char remark

    Show marketing remark (315 chars)

    Perfect home for First Time Buyer, Retiree, or Investor. Hattiesburg School District. Close to Hardy St where shopping of any kind can be done. Home has spacious living and dining room. Kitchen has attractive cabinets and layout. Screened back porch previously used for workshop. Large back yard. Call today to see.

28. 2025-07-03
    status Pending

    Show marketing remark (315 chars)

    Perfect home for First Time Buyer, Retiree, or Investor. Hattiesburg School District. Close to Hardy St where shopping of any kind can be done. Home has spacious living and dining room. Kitchen has attractive cabinets and layout. Screened back porch previously used for workshop. Large back yard. Call today to see.

29. 2025-07-03
    price $90,000

    Show marketing remark (315 chars)

    Perfect home for First Time Buyer, Retiree, or Investor. Hattiesburg School District. Close to Hardy St where shopping of any kind can be done. Home has spacious living and dining room. Kitchen has attractive cabinets and layout. Screened back porch previously used for workshop. Large back yard. Call today to see.

30. 2025-07-01
    status Pending 315-char remark

    Show marketing remark (315 chars)

    Perfect home for First Time Buyer, Retiree, or Investor. Hattiesburg School District. Close to Hardy St where shopping of any kind can be done. Home has spacious living and dining room. Kitchen has attractive cabinets and layout. Screened back porch previously used for workshop. Large back yard. Call today to see.

31. 2025-05-22
    price $90,000 315-char remark

    Show marketing remark (315 chars)

    Perfect home for First Time Buyer, Retiree, or Investor. Hattiesburg School District. Close to Hardy St where shopping of any kind can be done. Home has spacious living and dining room. Kitchen has attractive cabinets and layout. Screened back porch previously used for workshop. Large back yard. Call today to see.

32. 2025-04-18
    listed $95,000 Active 315-char remark

    Show marketing remark (315 chars)

    Perfect home for First Time Buyer, Retiree, or Investor. Hattiesburg School District. Close to Hardy St where shopping of any kind can be done. Home has spacious living and dining room. Kitchen has attractive cabinets and layout. Screened back porch previously used for workshop. Large back yard. Call today to see.

33. 2025-04-18
    listed $95,000 Active

    Show marketing remark (315 chars)

    Perfect home for First Time Buyer, Retiree, or Investor. Hattiesburg School District. Close to Hardy St where shopping of any kind can be done. Home has spacious living and dining room. Kitchen has attractive cabinets and layout. Screened back porch previously used for workshop. Large back yard. Call today to see.

34. 2025-03-27
    soldstatus
35. 2023-12-20
    price $110,000
36. 2023-11-24
    price $114,900
37. 2023-10-02
    price $119,000
38. 2023-09-20
    price $120,900
39. 2023-09-07
    price $122,500
40. 2023-08-24
    listed $124,500 Active
41. 2023-02-23
    soldstatus Closed
42. 2022-03-28
    listed $104,500

ⓘ 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: $1,613 · $134/mo
• Projected year-2 tax: $1,613 · $134/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) · 22% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥106°F today · 20 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 99% 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: $15,867
• − Mortgage interest: −$8,290
• − Property taxes: −$1,613
• − Insurance: −$740
• − Repairs & maintenance: −$1,269
• − Management: −$1,269
• − Depreciation: −$4,305
• Taxable loss: −$1,620
• Est. tax savings @ 24.0%: +$389
• After-tax cash flow: $1,258/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: Hattiesburg Public School District
• NCES district ID: 2801800
• Math proficiency: 25% ▼ -12.00%
• Reading proficiency: 26% ▼ -6.00%
• Median HH income: $28,058
• Composite: 20.38/100
• National rank: #8595
• State rank: #81 of 130 in MS

Livability — Hattiesburg

• Score: 79/100
• State rank: #5
• US rank: #2046

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hattiesburg, MS
• County: Forrest County · 65,413 people
• City population: 87,151
• Metro: Hattiesburg, MS
• Population (ZIP): 42,531
• Household income: $41,127
• Rent vs Own: 56.4% rent · 43.6% own
• Severe rent burden: 2534.0

Population outlook (Forrest County) Hauer SSP2

• Today (2025): 79,264 people
• By 2030: 80,822 · +2.0%
• By 2040: 82,979 · +4.7%
• By 2050: 84,324 · +6.4%
• By 2075: 84,942 · +7.2%
• By 2100: 80,616 · +1.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: Black 52% White 40% Two or more races 5% Hispanic / Latino 4%
• Common ancestry: Slovak 2% Lithuanian 2% Serbian 1%
• Foreign-born: 3% · Canada, China
• Languages at home: 96% English-only · Spanish 2%

Political lean MEDSL · Forrest

• 2024 margin: R (+17.9) · D 40.3% · R 58.2% · Other 1.4%
• 2008→2024 swing: -4.4pp toward R · 2008: -13.5pp · 2024: -17.9pp
• All cycles: 2024: R+17.9 2020: R+11.1 2016: R+14.2 2012: R+11.7 2008: R+13.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -148.93%
• Current HPI: 137.87
• Rent YoY: ▲ 6.56%
• Metro: Hattiesburg, MS
• State GDP YoY: —
• F500 in state: 0

Price history

+41.6% since first listed

35 events — show timeline

• 2026-06-09 Pending — HAAR
• 2026-06-04 Price Changed $148,000 HAAR
• 2026-05-12 Listed $149,000 HAAR
• 2026-01-30 Sold (MLS) — HAAR
• 2026-01-30 Sold (MLS) — LBOR
• 2025-12-27 Pending — HAAR
• 2025-12-27 Pending — LBOR
• 2025-12-10 Price Changed $60,000 HAAR
• 2025-12-08 Price Changed $60,000 LBOR
• 2025-11-05 Relisted — LBOR
• 2025-10-26 Pending — LBOR
• 2025-10-06 Relisted — HAAR
• 2025-10-06 Price Changed $75,000 HAAR
• 2025-10-06 Price Changed $75,000 LBOR
• 2025-08-21 Price Changed $80,000 HAAR
• 2025-08-20 Price Changed $80,000 LBOR
• 2025-07-22 Price Changed $85,000 LBOR
• 2025-07-17 Relisted — LBOR
• 2025-07-17 Relisted — HAAR
• 2025-07-03 Relisted — LBOR
• 2025-07-03 Pending — HAAR
• 2025-07-03 Price Changed $90,000 HAAR
• 2025-07-01 Pending — LBOR
• 2025-05-22 Price Changed $90,000 LBOR
• 2025-04-18 Listed $95,000 HAAR
• 2025-04-18 Listed $95,000 LBOR
• 2025-03-27 Sold (Public Records) — Public Records
• 2023-12-20 Price Changed $110,000 HAAR
• 2023-11-24 Price Changed $114,900 HAAR
• 2023-10-02 Price Changed $119,000 HAAR
• 2023-09-20 Price Changed $120,900 HAAR
• 2023-09-07 Price Changed $122,500 HAAR
• 2023-08-24 Listed $124,500 HAAR
• 2023-02-23 Sold (MLS) — HAAR
• 2022-03-28 Listed $104,500 HAAR

Property tax history

+3.2%/yr

Latest (2025): $1,613 · +20.1% YoY. Source: county tax records.