1122 N 9th Ave · Laurel, MS 39440

$149,000

4 bd · 1.0 ba · 1,496 sqft · SingleFamily public records · 22 Days on market

Built 1935 0.34 ac lot

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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 +25.8/30.0
• DSCR +8.6/10.0
• ARV discount +7.5/15.0
• 1% rule +6.2/10.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks

Recently renovated 4BR/2BA home conveniently located near Laurel High School. This move-in ready property features fresh updates throughout, a functional floor plan, spacious living areas, and generously sized bedrooms. The updated interior offers a clean, modern feel while maintaining comfort and practicality. Conveniently located near schools, shopping, dining, and everyday amenities. Whether you're looking for a primary residence or investment opportunity, this home is ready for its next owner. Call today to schedule your private showing!

Key facts

• Updated interior
• Recently renovated
• Move in ready

Tags

• RECENTLY RENOVATED
• UPDATED INTERIOR
• MOVE IN READY

Property features AI

Finance

• Other: Listing broker: Red Fox Realty; Listing agent: Eric McMillan

Exterior

• Parking: Attached concrete garage
• Utilities: Public water
• Home design: Residential traditional property; Single-story
• Construction: Built with asbestos construction materials
• Exterior features: Composition roof; Lot approximately 100 x 150 (0.344 acres)

Interior

• Kitchen: Gas range
• Bathrooms: 2 full bathrooms
• Interior features: Gas range; Electric water heater; Crawl space basement
• Laundry & utility: Electric water heater

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $149k.

Deal economics

• At list price, monthly cash flow is $363 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $149k).
• Recommended offer: $147k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 66/100 on livability (#92 in MS) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime F, commute F, employment F.
• Laurel School District (town): math 16% / reading 18% proficiency, ranked #101 of 130 in MS (top 78%) — 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: Laurel Middle School (math 14% / reading 15%, grade F, #133 of 179 statewide, top 76%, 555 students, 100% FRL); Laurel High School (math 11% / reading 12%, grade F, #166 of 197 statewide, top 85%, 708 students, 100% FRL).
• Market conditions: 132 active listings in the ZIP; 23 units permitted in Jones County in 2024 (5 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 $4k of value loss. Plan a longer hold.
• Jones County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 22 days — a 2% lower offer ($147k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $20k; list at $149k implies a 645% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1935 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 98% 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 $146,765 (1.5% below list)

Questions for the listing agent

1. Built in 1935 — 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 F 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: 1.12% ✓
• Cap rate: 9.21%
• Cash-on-cash: 10.43%
• DSCR: 1.46
• GRM: 7.5

CMA / ARV

• ARV (on-the-fly): $47,872
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1136 N 13th Ave	0.28mi	3/1.0 (-1)	1,427 (-5%)	21mo	$45,000	$32	57

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: -0.7%
• Equity multiple: 0.97×
• Total profit: $-1,078
• Equity at exit: $22,216

10-year hold

• IRR: 9.0%
• Equity multiple: 1.69×
• Total profit: $28,699
• Equity at exit: $12,883

Cash invested: $41,720 (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 39440

• Active inventory: 132
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $1,663 medium
• Mortgage (P&I): −$781
• Tax from tax record: −$108 /mo · $1,297/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$349
• Net cashflow: $363

Break-even live

Break-even rent $1,205

Max offer price $149,000

Occupancy floor 73%

Sensitivity live

Price	-10% $447	-5% $405	+0% $363	+5% $320	+10% $278
Rent	-10% $231	-5% $297	+0% $363	+5% $428	+10% $494
Rate	-1.0pp $438	-0.5pp $400	base $363	+0.5pp $324	+1.0pp $285

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: $37,250
• Closing costs: $4,470
• Reserves months: —
• Total cash needed: —

Listing history 17 events

1. 2026-06-21
   days on market $149,000 Active 22 DOM
2. 2026-06-21
   days on market $149,000 Active 21 DOM
3. 2026-06-18
   days on market $149,000 Active 19 DOM
4. 2026-06-17
   days on market $149,000 Active 18 DOM
5. 2026-06-16
   days on market $149,000 Active 17 DOM
6. 2026-06-15
   days on market $149,000 Active 16 DOM
7. 2026-06-13
   days on market $149,000 Active 14 DOM
8. 2026-06-12
   days on market $149,000 Active 13 DOM
9. 2026-06-09
   days on market $149,000 Active 10 DOM
10. 2026-06-08
    days on market $149,000 Active 9 DOM
11. 2026-06-07
    days on market $149,000 Active 8 DOM
12. 2026-06-05
    days on market $149,000 Active 6 DOM
13. 2026-06-04
    days on market $149,000 Active 4 DOM
14. 2026-06-02
    days on market $149,000 Active 3 DOM
15. 2026-06-01
    days on market $149,000 Active 2 DOM
16. 2026-05-31
    remarks 547-char remark
17. 2026-05-31
    listed $149,000 Active 1 DOM

ⓘ 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: $1,297 · $108/mo
• Projected year-2 tax: $1,297 · $108/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 2/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°F today · 20 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 98% 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: $19,961
• − Mortgage interest: −$8,346
• − Property taxes: −$1,297
• − Insurance: −$745
• − Repairs & maintenance: −$1,597
• − Management: −$1,597
• − Depreciation: −$4,335
• Taxable income: $2,044
• Est. tax owed @ 24.0%: −$491
• After-tax cash flow: $3,860/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: Laurel School District
• NCES district ID: 2802460
• Math proficiency: 16% ▼ -11.00%
• Reading proficiency: 18% ▼ -4.00%
• Median HH income: $28,415
• Composite: 13.36/100
• National rank: #9535
• State rank: #101 of 130 in MS

Livability — Laurel

• Score: 66/100
• State rank: #92
• US rank: #11413

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Laurel, MS
• City population: 20,111
• Population (ZIP): 20,111

Population outlook (Jones County) Hauer SSP2

• Today (2025): 68,800 people
• By 2030: 68,773 · +-0.0%
• By 2040: 68,087 · -1.0%
• By 2050: 66,241 · -3.7%
• By 2075: 58,600 · -14.8%
• By 2100: 45,744 · -33.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority Black (63%)
• Race & ethnicity: Black 63% White 30% Hispanic / Latino 6% Two or more races 3% Native American 1%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Lithuanian 1% Slovak 1% Serbian 1%
• Foreign-born: 3% · Canada
• Languages at home: 94% English-only · Spanish 5%

Political lean MEDSL · Jones

• 2024 margin: Solid R (+46.8) · D 26.2% · R 73.0%
• 2008→2024 swing: -8.2pp toward R · 2008: -38.6pp · 2024: -46.8pp
• All cycles: 2024: R+46.8 2020: R+42.2 2016: R+43.6 2012: R+38.2 2008: R+38.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -104.63%
• Current HPI: 126.2541
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

+645.0% since first listed

3 events — show timeline

• 2026-05-30 Listed $149,000 LBOR
• 2015-09-28 Sold (Public Records) $20,000 Public Records
• 2014-09-17 Sold (Public Records) $20,000 Public Records

Property tax history

+6.8%/yr

Latest (2025): $1,297 · +7.3% YoY. Source: county tax records.