1916 Trapper Dr · Hernando, MS 38632

$375,000

3 bd · 3.5 ba · 2,591 sqft · SingleFamily public records · 123 Days on market

Built 2003 0.46 ac lot $145/sqft · 6% above area Est $464k · 19% under ↓ 4% since listing

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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).

• ARV discount +15.0/15.0
• Cash flow +7.8/30.0
• Schools +4.0/10.0
• Livability +3.5/5.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• DSCR +1.9/10.0
• 1% rule +1.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This Spacious House is Waiting for You to Call it Your Home!!! Beautiful Home sitting on a Corner Lot. This Home features downstairs Primary Bedroom with Fireplace with French Doors leading out to the Covered Patio plus a Spacious Primary Bathroom, plus 2 Bedrooms with 1 Full Bathroom(Jack/Jill), 1 Half Bath, Great Room with Fireplace, Separate Dining Room. Great Room and Dining Room features Beautiful Nailed Down Hardwood floors. Large Kitchen with island, separate eat-in area leading out to covered patio and Hearth Room with Corner Fireplace, laundry room. Upstairs features Large Bonus Room or could be 4th bedroom with 1 full bathroom, plus Climate Control Closet. Floored Walk-in attic. Double garage. Outdoors features plenty of space to enjoy with a bricked space for seating by the drive way area, covered patio in the back ,plus Large Side Yard for outdoor activities!!!

Key facts

• Walk-in attics
• Bonus room
• 0.46 acre lot

Tags

• PRIMARY BEDROOM WITH FIREPLACE
• GREAT ROOM WITH FIREPLACE
• LARGE KITCHEN WITH ISLAND
• HEARTH ROOM WITH FIREPLACE
• BONUS ROOM
• WALK-IN ATTICS

What this means for you Summary

Snapshot

• This is a 3-bed/3.5-bath single-family listed at $375k.

Deal economics

• At list price, monthly cash flow is $-419 ($-5k/yr) — negative.
• To cash-flow at today's rent, offer at most $301k (19.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $232k (38.1% below list).
• Recommended offer: $232k (38.1% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 70/100 on livability (#44 in MS) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F, health & safety F.
• Desoto County School District (suburban): math 48% / reading 42% proficiency, ranked #20 of 130 in MS (top 15%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Hernando Elem (779 students, 100% FRL); Hernando Middle School (math 75% / reading 57%, grade A-, #2 of 179 statewide, top 1%, 1,150 students, 100% FRL); Hernando High School (math 69% / reading 62%, grade B, #2 of 197 statewide, top 1%, 1,419 students, 100% FRL) — zoned schools average 100% FRL vs 43% district-wide (56 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 66% at this address vs 45% district-wide (+21 pts) — the actual schools serving this property are materially stronger than the Desoto County School District average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: Rents soft (-0.4%/yr); 407 active listings in the ZIP; 1 comparable units currently listed for rent nearby; solid renter incomes; 1,155 units permitted in DeSoto County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $11k of value loss. Plan a longer hold.
• DeSoto County population projected at +33% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 123 days — a 12% lower offer ($330k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $232,298 (38.1% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 123 days. Have you received any prior offers? Is the seller open to a 38% concession, seller financing, or rate buy-down credit?
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 B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
6. 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?
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: 0.62% ✗
• Cap rate: 4.95%
• Cash-on-cash: -4.79%
• DSCR: 0.79
• GRM: 13.5

CMA / ARV

• ARV (median comp): $464,247
• List price: $375,000
• Delta: -19.22%
• 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
1742 W Keenlan Dr	0.31mi	3/2.5	2,580 (-0%)	1mo	$436,000	$169	80
1945 Jaybird Rd	0.18mi	3/2.0	2,463 (-5%)	6mo	$369,900	$150	72
1444 W Notting Hill Cv	0.42mi	3/3.0	2,601 (+0%)	15mo	$439,900	$169	65
1897 W Keenlan Dr	0.37mi	4/3.0 (+1)	2,548 (-2%)	18mo	$376,000	$148	58
1462 Banbury Ln	0.50mi	3/2.5	2,520 (-3%)	15mo	$395,000	$157	55
1648 Jolie Cv	0.26mi	4/2.0 (+1)	2,391 (-8%)	14mo	$374,900	$157	52
2361 Della St	0.73mi	3/3.0	2,474 (-4%)	8mo	$334,900	$135	50
1448 S Notting Hl	0.55mi	3/2.5	2,900 (+12%)	7mo	$445,900	$154	45
1630 N Hillshire Dr	0.50mi	4/3.0 (+1)	2,913 (+12%)	9mo	$465,000	$160	41
1459 S Notting Hl	0.51mi	4/2.5 (+1)	2,728 (+5%)	21mo	$434,900	$159	41
1411 W Notting Hill Dr	0.53mi	4/3.0 (+1)	2,860 (+10%)	13mo	$459,900	$161	40
2372 Della St	0.72mi	4/2.0 (+1)	2,338 (-10%)	23mo	$330,000	$141	20

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -27.4%
• Equity multiple: 0.10×
• Total profit: $-94,439
• Equity at exit: $55,914

10-year hold

• IRR: -38.0%
• Equity multiple: -0.37×
• Total profit: $-143,616
• Equity at exit: $32,423

Cash invested: $105,000 (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 38632

• Home prices YoY: -31.8%
• Rents YoY: -0.4%
• Active inventory: 407
• Price-to-rent: 13.5×

Monthly cashflow live

• Estimated rent: $2,323 medium
• Mortgage (P&I): −$1,967
• Tax from tax record: −$131 /mo · $1,578/yr
• Insurance: −$156
• HOA: −$0
• Vacancy / Maint / Mgmt: −$488
• Net cashflow: $-419

Break-even live

Break-even rent $2,853

Max offer price $300,963

Occupancy floor —

Sensitivity live

Price	-10% $-207	-5% $-313	+0% $-419	+5% $-525	+10% $-631
Rent	-10% $-603	-5% $-511	+0% $-419	+5% $-327	+10% $-236
Rate	-1.0pp $-230	-0.5pp $-324	base $-419	+0.5pp $-516	+1.0pp $-615

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: $93,750
• Closing costs: $11,250
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
814 Byhalia Rd Hernando, MS	4.0	3.0	2531	$2,400	$0.95	3d	1	1.37mi

Listing history 17 events

1. 2026-06-21
   days on market $375,000 Active 123 DOM
2. 2026-06-18
   days on market $375,000 Active 120 DOM
3. 2026-06-17
   days on market $375,000 Active 119 DOM
4. 2026-06-16
   days on market $375,000 Active 118 DOM
5. 2026-06-15
   days on market $375,000 Active 117 DOM
6. 2026-06-13
   days on market $375,000 Active 115 DOM
7. 2026-06-10
   days on market $375,000 Active 112 DOM
8. 2026-06-09
   days on market $375,000 Active 111 DOM
9. 2026-06-08
   days on market $375,000 Active 110 DOM
10. 2026-06-07
    days on market $375,000 Active 109 DOM
11. 2026-06-03
    days on market $375,000 Active 105 DOM
12. 2026-06-02
    days on market $375,000 Active 104 DOM
13. 2026-06-01
    days on market $375,000 Active 103 DOM
14. 2026-05-31
    days on market $375,000 Active 102 DOM
15. 2026-04-08
    price $399,999 889-char remark

    Show marketing remark (889 chars)

    This Spacious House is Waiting for You to Call it Your Home!!! Beautiful Home sitting on a Corner Lot. This Home features downstairs Primary Bedroom with Fireplace with French Doors leading out to the Covered Patio plus a Spacious Primary Bathroom, plus 2 Bedrooms with 1 Full Bathroom(Jack/Jill), 1 Half Bath, Great Room with Fireplace, Separate Dining Room. Great Room and Dining Room features Beautiful Nailed Down Hardwood floors. Large Kitchen with island, separate eat-in area leading out to covered patio and Hearth Room with Corner Fireplace, laundry room. Upstairs features Large Bonus Room or could be 4th bedroom with 1 full bathroom, plus Climate Control Closet. Floored Walk-in attic. Double garage. Outdoors features plenty of space to enjoy with a bricked space for seating by the drive way area, covered patio in the back ,plus Large Side Yard for outdoor activities!!!

16. 2026-02-18
    listed $415,000 Active 889-char remark

    Show marketing remark (889 chars)

    This Spacious House is Waiting for You to Call it Your Home!!! Beautiful Home sitting on a Corner Lot. This Home features downstairs Primary Bedroom with Fireplace with French Doors leading out to the Covered Patio plus a Spacious Primary Bathroom, plus 2 Bedrooms with 1 Full Bathroom(Jack/Jill), 1 Half Bath, Great Room with Fireplace, Separate Dining Room. Great Room and Dining Room features Beautiful Nailed Down Hardwood floors. Large Kitchen with island, separate eat-in area leading out to covered patio and Hearth Room with Corner Fireplace, laundry room. Upstairs features Large Bonus Room or could be 4th bedroom with 1 full bathroom, plus Climate Control Closet. Floored Walk-in attic. Double garage. Outdoors features plenty of space to enjoy with a bricked space for seating by the drive way area, covered patio in the back ,plus Large Side Yard for outdoor activities!!!

17. 2002-12-30
    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: $1,578 · $131/mo
• Projected year-2 tax: $2,963 · $247/mo
• Expected delta: +$1,385/yr (+$115/mo · 87.8%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥109°F today · 21 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 24% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,876
• − Mortgage interest: −$21,006
• − Property taxes: −$1,578
• − Insurance: −$1,875
• − Repairs & maintenance: −$2,230
• − Management: −$2,230
• − Depreciation: −$10,909
• Taxable loss: −$11,952
• Est. tax savings @ 24.0%: +$2,868
• After-tax cash flow: $-2,161/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: Desoto County School District
• NCES district ID: 2801320
• Math proficiency: 48% ▼ -13.00%
• Reading proficiency: 42% ▼ -6.00%
• Median HH income: $59,272
• Composite: 39.56/100
• National rank: #3933
• State rank: #20 of 130 in MS

Livability — Hernando

• Score: 70/100
• State rank: #44
• US rank: #8034

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hernando, MS
• County: DeSoto County · 176,513 people
• City population: 31,374
• Metro: Memphis, TN-MS-AR
• Population (ZIP): 31,374
• Household income: $93,583
• Rent vs Own: 11.8% rent · 88.2% own
• Severe rent burden: 24.0

Population outlook (DeSoto County) Hauer SSP2

• Today (2025): 203,338 people
• By 2030: 217,692 · +7.1%
• By 2040: 245,320 · +20.6%
• By 2050: 270,133 · +32.8%
• By 2075: 323,341 · +59.0%
• By 2100: 348,742 · +71.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (81%)
• Race & ethnicity: White 81% Black 13% Two or more races 4% Hispanic / Latino 2%
• Common ancestry: Italian 2% Serbian 2% Slovak 1%
• Foreign-born: 2% · Canada
• Languages at home: 98% English-only · Spanish 1% Arabic 1%

Political lean MEDSL · DeSoto

• 2024 margin: Strong R (+24.1) · D 36.7% · R 60.8% · Other 2.5%
• 2008→2024 swing: +14.2pp toward D · 2008: -38.2pp · 2024: -24.1pp
• All cycles: 2024: R+24.1 2020: R+23.9 2016: R+34.8 2012: R+33.5 2008: R+38.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -82.49%
• Current HPI: 176.8843
• Rent YoY: ▼ -0.43%
• Metro: Memphis, TN-MS-AR
• State GDP YoY: —
• F500 in state: 0

Price history

-3.6% since first listed

3 events — show timeline

• 2026-04-08 Price Changed $399,999 MLSU
• 2026-02-18 Listed $415,000 MLSU
• 2002-12-30 Sold (Public Records) — Public Records

Property tax history

-0.7%/yr

Latest (2025): $1,578 · -15.9% YoY. Source: county tax records.