903 Tower Dr · Laurel, MS 39440

$169,500

3 bd · 1.0 ba · 1,303 sqft · SingleFamily public records · 9 Days on market

Built 1975 0.50 ac lot Est $233k · 27% 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 +22.6/30.0
• ARV discount +15.0/15.0
• DSCR +7.2/10.0
• 1% rule +5.4/10.0
• 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

DON'T MISS OUT ON THIS MOVE-IN READY HOME IN NORTH LAUREL THAT IS PRICED RIGHT!! THE HOME FEATURES 3 BEDROOMS, 2 FULL BATHS, AND A LOVELY BACK COVERED SITTING AREA. THE PRIMARY SUITE EVEN HAS A SITTING DECK RIGHT OUT THE FRENCH DOORS, PERFECT FOR YOUR MORNING COFFEE.

Key facts

• Sitting deck
• Move in ready
• 0.5 acre lot

Tags

• MOVE IN READY
• BACK COVERED SITTING AREA
• SITTING DECK

Property features AI

Exterior

• Parking: Attached concrete garage with 2 spaces
• Utilities: Public water
• Home design: Single-story ranch-style residence; Residential property
• Construction: Brick veneer exterior; Slab foundation; 1 story
• Exterior features: Chain link fencing; Lot approximately 95 x 115 (about 0.5 acre)

Interior

• Kitchen: Dishwasher; Disposal; Refrigerator
• Bathrooms: 2 full bathrooms
• Heating & cooling: Ceiling fan(s)
• Interior features: Dishwasher; Disposal; Refrigerator; Electric water heater; Ceiling fan(s)
• Laundry & utility: Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $170k.

Deal economics

• At list price, monthly cash flow is $288 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $170k).

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; 1 comparable units currently listed for rent nearby; 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 $5k 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

• Only 9 days on market — expect competitive offers; lowballing is unlikely to land.
• 8 sale attempts since 11y 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 $70k; list at $170k implies a 142% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 92% 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 $169,500

Questions for the listing agent

1. Built in 1975 — 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: 1.04% ✓
• Cap rate: 8.33%
• Cash-on-cash: 7.27%
• DSCR: 1.32
• GRM: 8.0

CMA / ARV

• ARV (on-the-fly): $233,237
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
15 Briar Creek Cir	0.14mi	3/2.0	1,425 (+9%)	0mo	$254,900	$179	74

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: -5.2%
• Equity multiple: 0.81×
• Total profit: $-9,166
• Equity at exit: $25,273

10-year hold

• IRR: 4.5%
• Equity multiple: 1.33×
• Total profit: $15,540
• Equity at exit: $14,655

Cash invested: $47,460 (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: 8.0×

Monthly cashflow live

• Estimated rent: $1,761 medium
• Mortgage (P&I): −$889
• Tax from tax record: −$144 /mo · $1,730/yr
• Insurance: −$71
• HOA: −$0
• Vacancy / Maint / Mgmt: −$370
• Net cashflow: $288

Break-even live

Break-even rent $1,397

Max offer price $169,500

Occupancy floor 79%

Sensitivity live

Price	-10% $384	-5% $336	+0% $288	+5% $240	+10% $192
Rent	-10% $148	-5% $218	+0% $288	+5% $357	+10% $427
Rate	-1.0pp $373	-0.5pp $331	base $288	+0.5pp $244	+1.0pp $199

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: $42,375
• Closing costs: $5,085
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3017 Old Amy Rd Laurel, MS	1.0–3.0	1.0–2.0	1025	$1,761	$1.72	15d	3	1.08mi

Listing history 8 events

1. 2026-06-21
   days on market $169,500 Active 9 DOM
2. 2026-06-21
   days on market $169,500 Active 8 DOM
3. 2026-06-18
   days on market $169,500 Active 6 DOM
4. 2026-06-17
   days on market $169,500 Active 5 DOM
5. 2026-06-16
   days on market $169,500 Active 4 DOM
6. 2026-06-15
   days on market $169,500 Active 3 DOM
7. 2026-06-13
   remarks 268-char remark
8. 2026-06-13
   listed $169,500 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: $1,730 · $144/mo
• Projected year-2 tax: $1,730 · $144/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 92% 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: $21,132
• − Mortgage interest: −$9,495
• − Property taxes: −$1,730
• − Insurance: −$848
• − Repairs & maintenance: −$1,691
• − Management: −$1,691
• − Depreciation: −$4,931
• Taxable income: $748
• Est. tax owed @ 24.0%: −$180
• After-tax cash flow: $3,271/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

+142.1% since first listed

19 events — show timeline

• 2026-06-12 Listed $169,500 LBOR
• 2025-08-23 Price Changed $169,900 HAAR
• 2025-08-23 Price Changed $169,900 LBOR
• 2025-07-27 Relisted — LBOR
• 2025-07-21 Pending — LBOR
• 2025-07-11 Listed $175,000 LBOR
• 2025-07-08 Listed $175,000 HAAR
• 2023-02-23 Sold (MLS) — HAAR
• 2022-03-30 Sold (MLS) — LBOR
• 2022-02-28 Listed $129,000 HAAR
• 2022-02-26 Listed $129,000 LBOR
• 2020-06-09 Sold (Public Records) $70,000 Public Records
• 2015-12-08 Sold (Public Records) $70,000 Public Records
• 2015-12-04 Sold (MLS) — LBOR
• 2015-12-04 Sold (MLS) — HAAR
• 2015-09-23 Listed $48,500 LBOR
• 2015-09-23 Listed $48,500 HAAR
• 2013-03-08 Sold (Public Records) $70,000 Public Records
• 2004-09-28 Sold (Public Records) — Public Records

Property tax history

+1.6%/yr

Latest (2022): $1,730 · -0.5% YoY. Source: county tax records.