6037 Floral Dr · Jackson, MS 39206

$149,900

3 bd · 3.0 ba · 2,073 sqft · SingleFamily public records · 35 Days on market

Built 1965 0.56 ac lot $72/sqft · 20% below area Est $188k · 20% 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 +20.4/30.0
• ARV discount +15.0/15.0
• DSCR +6.5/10.0
• 1% rule +5.4/10.0
• Livability +3.4/5.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• Schools +1.1/10.0
• Appreciation +0.0/10.0

Listing remarks

Come and view this 3br/2ba split plan brick home. Home has 2 drive ways front and back. Roof replaced November 2025. Selling "as is" seller makes no repairs, short sale final approval by bank.

Key facts

• 0.56 acre lot
• 2 garage spots
• Built 1965

Property features AI

Finance

• Other: Property listed as fixer; Living area reported from public records

Exterior

• Parking: Attached 2-car garage with direct access; 2 parking spaces total
• Utilities: Public water; Public sewer; Electricity available; Natural gas available; Cable available
• Home design: Single family residence; House; One story
• Construction: Brick and wood siding exterior; Asphalt shingle roof; Slab foundation; Built (year source: public records)
• Exterior features: Slab patio/porch; City lot; Level lot

Interior

• Kitchen: Cooktop; Electric cooktop; Dishwasher
• Flooring: Carpet; Ceramic tile; Tile; Wood
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air; Ceiling fans
• Interior features: Breakfast bar; Entrance foyer; Pantry; Soaking tub; Dead bolt locks; Aluminum window frames
• Laundry & utility: Laundry area in garage; Gas water heater

What this means for you Summary

Snapshot

• This is a 3-bed/3.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $195 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $145k (3.0% below list) — sets the bar for market timing.
• Cap rate 7.9% vs local median 9.9% in Jackson — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

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: North Jackson Elementary School (math 7% / reading 25%, grade F, #270 of 375 statewide, top 72%, 383 students, 100% FRL); Callaway High School (math 3% / reading 10%, grade F, #191 of 197 statewide, top 97%, 923 students, 100% FRL).
• Market conditions: Rents rising (+2.8%/yr); 119 active listings in the ZIP; lower-income renter base — watch delinquency; 167 units permitted in Hinds County in 2024 (0 in 5+ unit buildings).
• This rent runs 44% of the median local income ($43k/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.
• Hinds County population projected to shrink 6% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 35 days — a 3% lower offer ($145k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 22y 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.
• Current owner paid $54k; list at $150k implies a 178% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 78% 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 $145,403 (3.0% below list)

Questions for the listing agent

1. It's been on market 35 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1965 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 1.04% ✓
• Cap rate: 7.85%
• Cash-on-cash: 5.57%
• DSCR: 1.25
• GRM: 8.0

CMA / ARV

• ARV (median comp): $187,685
• List price: $149,900
• Delta: -20.13%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
751 Windward Rd	0.35mi	3/2.0	2,144 (+3%)	13mo	$199,000	$93	63
745 Woodlake Dr	0.54mi	3/2.0	2,068 (-0%)	10mo	$139,900	$68	62
6202 Whitestone Rd	0.20mi	4/2.5 (+1)	2,296 (+11%)	8mo	$210,000	$91	59
811 Rutherford Dr	0.61mi	4/2.5 (+1)	2,200 (+6%)	10mo	$185,000	$84	46
6234 Hanging Moss Rd	0.54mi	4/2.5 (+1)	2,184 (+5%)	18mo	$187,500	$86	44
5912 Whitestone Rd	0.56mi	4/2.0 (+1)	1,990 (-4%)	19mo	$215,000	$108	42

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 · 2.83% rent growth · sell at horizon

5-year hold

• IRR: -7.8%
• Equity multiple: 0.71×
• Total profit: $-12,122
• Equity at exit: $22,351

10-year hold

• IRR: 1.5%
• Equity multiple: 1.11×
• Total profit: $4,435
• Equity at exit: $12,961

Cash invested: $41,972 (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 39206

• Home prices YoY: -10.3%
• Rents YoY: 2.8%
• Active inventory: 119
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $1,561 medium
• Mortgage (P&I): −$786
• Tax from tax record: −$189 /mo · $2,273/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$328
• Net cashflow: $195

Break-even live

Break-even rent $1,314

Max offer price $149,900

Occupancy floor 83%

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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Listing history 30 events

1. 2026-06-19
   status $149,900 Pending 35 DOM
2. 2026-06-18
   days on market $149,900 Active 35 DOM
3. 2026-06-17
   days on market $149,900 Active 34 DOM
4. 2026-06-16
   days on market $149,900 Active 33 DOM
5. 2026-06-15
   days on market $149,900 Active 32 DOM
6. 2026-06-14
   days on market $149,900 Active 30 DOM
7. 2026-06-13
   days on market $149,900 Active 29 DOM
8. 2026-06-10
   days on market $149,900 Active 27 DOM
9. 2026-06-09
   days on market $149,900 Active 26 DOM
10. 2026-06-08
    days on market $149,900 Active 25 DOM
11. 2026-06-07
    days on market $149,900 Active 24 DOM
12. 2026-06-05
    days on market $149,900 Active 21 DOM
13. 2026-06-03
    days on market $149,900 Active 20 DOM
14. 2026-06-02
    days on market $149,900 Active 19 DOM
15. 2026-06-01
    days on market $149,900 Active 18 DOM
16. 2026-05-31
    days on market $149,900 Active 17 DOM
17. 2026-05-30
    days on market $149,900 Active 16 DOM
18. 2026-05-14
    listed $149,900 Active 202-char remark
19. 2025-09-23
    status Pending
20. 2025-09-23
    historical
21. 2025-04-15
    listed $149,900 Active
22. 2024-08-20
    historical
23. 2024-08-20
    status Pending
24. 2024-08-16
    listed $100,000 Active
25. 2004-08-01
    soldstatus
26. 2004-07-30
    soldstatus
27. 2004-06-14
    listed $112,500
28. 1997-11-24
    soldstatus
29. 1996-01-22
    soldstatus
30. 1981-12-18
    soldstatus $54,000

ⓘ 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: $2,273 · $189/mo
• Projected year-2 tax: $2,273 · $189/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 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥108°F today · 20 d/yr by 30 yrs out
• 💨 Wind 7/10 Severe 78% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,726
• − Mortgage interest: −$8,397
• − Property taxes: −$2,273
• − Insurance: −$750
• − Repairs & maintenance: −$1,498
• − Management: −$1,498
• − Depreciation: −$4,361
• Taxable loss: −$50
• Est. tax savings @ 24.0%: +$12
• After-tax cash flow: $2,350/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): 23,257
• Household income: $42,686
• Rent vs Own: 54.0% rent · 46.0% own
• Severe rent burden: 1554.0

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 (85%)
• Race & ethnicity: Black 85% White 9% Hispanic / Latino 3% Two or more races 3%
• Common ancestry: Italian 1%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 3%

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: ▼ -22.38%
• Current HPI: 194.5873
• Rent YoY: ▲ 2.83%
• Metro: Jackson, MS
• State GDP YoY: —
• F500 in state: 0

Price history

+177.6% since first listed

13 events — show timeline

• 2026-05-14 Listed $149,900 MLSU
• 2025-09-23 Pending — MLSU
• 2025-09-23 Listing Removed — MLSU
• 2025-04-15 Listed $149,900 MLSU
• 2024-08-20 Listing Removed — MLSU
• 2024-08-20 Pending — MLSU
• 2024-08-16 Listed $100,000 MLSU
• 2004-08-01 Sold (MLS) — MLSU
• 2004-07-30 Sold (Public Records) — Public Records
• 2004-06-14 Listed $112,500 MLSU
• 1997-11-24 Sold (Public Records) — Public Records
• 1996-01-22 Sold (Public Records) — Public Records
• 1981-12-18 Sold (Public Records) $54,000 Public Records

Property tax history

+7.4%/yr

Latest (2025): $2,273 · +2.3% YoY. Source: county tax records.