1208 Bergland St · Water Valley, MS 38965

$69,900

1 bd · 1.0 ba · 1,617 sqft · SingleFamily public records · 22 Days on market

Built 1968 1.76 ac lot

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Why this score? — see what drove the B- 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.0/5.0
• Schools +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Located near the heart of downtown Water Valley with acreage, this 3-bedroom, 1-bath home offers a great opportunity for investors or buyers looking to add their personal touch. Conveniently located with plenty of potential, the property is being sold as-is, where-is and will require mostly cosmetic repairs and appliances. Whether you are searching for your next renovation project, rental investment, or a property with room to grow, this home offers upside potential and endless possibilities. Get a free pre-qualification, contact Dawn Hoffmeister at Dawn. [email protected]

Key facts

• Acreage
• Rental investment
• 1.76 acre lot

Tags

• DOWNTOWN WATER VALLEY
• ACREAGE
• RENTAL INVESTMENT

Property features AI

Exterior

• Parking: 1-car garage; Parking for 2 vehicles total
• Utilities: Public water; Public sewer; Electricity available and connected; Natural gas available; Water connected
• Home design: Single-family house; One level; Fixer condition
• Construction: Wood siding; Combination foundation; Aluminum roof; Built area reported at 2,017 (assessor)
• Exterior features: Open lot; Outbuilding on property; Circular driveway with gravel

Interior

• Bathrooms: 1 full bathroom
• Heating & cooling: No cooling system listed
• Interior features: Aluminum-framed windows; Crawl space basement
• Laundry & utility: Laundry area located in hall

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $70k.

Deal economics

• At list price, monthly cash flow is $577 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $70k).
• Recommended offer: $69k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 60/100 on livability (#233 in MS) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: health & safety D+, schools F, crime F.
• Water Valley School District (town): math 29% / reading 36% proficiency, ranked #61 of 130 in MS (top 47%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 64% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 71 active listings in the ZIP; 24 units permitted in Yalobusha County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $483 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Yalobusha County population projected at -11% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $20k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 22 days — a 2% lower offer ($69k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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

• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $68,851 (1.5% below list)

Questions for the listing agent

1. Built in 1968 — 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 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?
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: 1.88% ✓
• Cap rate: 16.20%
• Cash-on-cash: 35.38%
• DSCR: 2.57
• GRM: 4.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 31.0%
• Equity multiple: 2.30×
• Total profit: $25,427
• Equity at exit: $10,422

10-year hold

• IRR: 38.2%
• Equity multiple: 4.55×
• Total profit: $69,484
• Equity at exit: $6,044

Cash invested: $19,572 (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 38965

• Home prices YoY: -22.5%
• Active inventory: 71
• Price-to-rent: 4.4×

Monthly cashflow live

• Estimated rent: $1,313 medium
• Mortgage (P&I): −$367
• Tax from tax record: −$65 /mo · $779/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$276
• Net cashflow: $577

Break-even live

Break-even rent $583

Max offer price $69,900

Occupancy floor 51%

Sensitivity live

Price	-10% $617	-5% $597	+0% $577	+5% $557	+10% $537
Rent	-10% $473	-5% $525	+0% $577	+5% $629	+10% $681
Rate	-1.0pp $612	-0.5pp $595	base $577	+0.5pp $559	+1.0pp $540

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: $17,475
• Closing costs: $2,097
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-06-19
   days on market $69,900 Active 22 DOM
2. 2026-06-18
   days on market $69,900 Active 21 DOM
3. 2026-06-17
   days on market $69,900 Active 20 DOM
4. 2026-06-16
   days on market $69,900 Active 19 DOM
5. 2026-06-15
   days on market $69,900 Active 18 DOM
6. 2026-06-14
   days on market $69,900 Active 16 DOM
7. 2026-06-12
   days on market $69,900 Active 15 DOM
8. 2026-06-09
   days on market $69,900 Active 12 DOM
9. 2026-06-08
   days on market $69,900 Active 11 DOM
10. 2026-06-07
    days on market $69,900 Active 10 DOM
11. 2026-06-05
    days on market $69,900 Active 7 DOM
12. 2026-06-03
    days on market $69,900 Active 6 DOM
13. 2026-06-02
    days on market $69,900 Active 5 DOM
14. 2026-06-01
    days on market $69,900 Active 4 DOM
15. 2026-05-31
    days on market $69,900 Active 3 DOM
16. 2026-05-30
    days on market $69,900 Active 2 DOM
17. 2026-05-29
    listed $69,900 Active 589-char remark

    Show marketing remark (589 chars)

    Located near the heart of downtown Water Valley with acreage, this 3-bedroom, 1-bath home offers a great opportunity for investors or buyers looking to add their personal touch. Conveniently located with plenty of potential, the property is being sold as-is, where-is and will require mostly cosmetic repairs and appliances. Whether you are searching for your next renovation project, rental investment, or a property with room to grow, this home offers upside potential and endless possibilities. Get a free pre-qualification, contact Dawn Hoffmeister at Dawn. [email protected]

18. 2026-05-27
    listed $69,900 Active
19. 1994-04-26
    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: $779 · $65/mo
• Projected year-2 tax: $779 · $65/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 4/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥109°F today · 21 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,760
• − Mortgage interest: −$3,915
• − Property taxes: −$779
• − Insurance: −$350
• − Repairs & maintenance: −$1,261
• − Management: −$1,261
• − Depreciation: −$2,033
• Taxable income: $6,162
• Est. tax owed @ 24.0%: −$1,479
• After-tax cash flow: $5,445/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: Water Valley School District
• NCES district ID: 2804500
• Math proficiency: 29% ▼ -3.00%
• Reading proficiency: 36% ▼ -3.00%
• Median HH income: $36,107
• Composite: 26.92/100
• National rank: #7083
• State rank: #61 of 130 in MS

Livability — Water Valley

• Score: 60/100
• State rank: #233
• US rank: #19538

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Water Valley, MS
• County: Yalobusha County · 8,963 people
• City population: 8,963
• Metro: Oxford, MS
• Population (ZIP): 8,963
• Household income: $58,258
• Rent vs Own: 27.1% rent · 72.9% own
• Severe rent burden: 113.0

Population outlook (Yalobusha County) Hauer SSP2

• Today (2025): 12,062 people
• By 2030: 11,811 · -2.1%
• By 2040: 11,297 · -6.3%
• By 2050: 10,771 · -10.7%
• By 2075: 9,679 · -19.8%
• By 2100: 8,400 · -30.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (65%)
• Race & ethnicity: White 65% Black 30% Two or more races 3%
• Common ancestry: Slovak 1% Serbian 1% Iranian 1%
• Foreign-born: 0% · Canada
• Languages at home: 98% English-only · German/W. Germanic 1% Spanish 1%

Political lean MEDSL · Yalobusha

• 2024 margin: Strong R (+20.9) · D 38.9% · R 59.9% · Other 1.2%
• 2008→2024 swing: -13.9pp toward R · 2008: -7.0pp · 2024: -20.9pp
• All cycles: 2024: R+20.9 2020: R+13.6 2016: R+13.1 2012: R+4.4 2008: R+7.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -48.65%
• Current HPI: 167.4446
• Rent YoY: —
• Metro: Oxford, MS
• State GDP YoY: —
• F500 in state: 0

Price history

+0.0% since first listed

3 events — show timeline

• 2026-05-29 Listed $69,900 NCMBR
• 2026-05-27 Listed $69,900 MLSU
• 1994-04-26 Sold (Public Records) — Public Records

Property tax history

+11.0%/yr

Latest (2025): $779 · +86.0% YoY. Source: county tax records.