655 Ralde Cir · Ridgeland, MS 39157

$147,500

3 bd · 3.0 ba · 1,530 sqft · SingleFamily public records · 210 Days on market

Built 1966 1.00 ac lot $96/sqft · 21% below area Est $186k · 21% under ↓ 12% since listing

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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 +26.1/30.0
• ARV discount +15.0/15.0
• DSCR +8.8/10.0
• 1% rule +6.3/10.0
• Schools +4.8/10.0
• Rent growth +3.9/5.0
• Livability +3.4/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Wonderful opportunity in Ridgeland for homeowners and investors alike! This 3-bedroom 1-bath home sits on a spacious lot with room to grow, offering excellent potential of outdoor living, gardening, play space, or future additions. With a FHA 203(k) renovation loan, buyers can roll needed repairs and updates into one loan-- perfect for customizing the home to your taste without the upfront renovation costs. Inside, you'll find a functional layout along with a heated and cooled bonus room that could serve as a second living area, office, playroom, or hobby space. Whether you're looking to personalize your first home or add to your investment portfolio, this property offers plenty of room to create value. Conveniently located near shopping, dining, parks, and I-55, this home provides great access to everything Ridgeland has to offer. Being sold AS-IS, making it a fantastic opportunity for buyers ready to make it their own. Don't miss the chance to transform this property into something special!

Key facts

• Spacious lot
• Great access
• Outdoor living

Tags

• SPACIOUS LOT
• OUTDOOR LIVING
• HEATED AND COOLED BONUS ROOM
• GREAT ACCESS

What this means for you Summary

Snapshot

• This is a 3-bed/3.0-bath single-family listed at $148k.

Deal economics

• At list price, monthly cash flow is $-55 ($-659/yr) — negative.
• To cash-flow at today's rent, offer at most $138k (6.6% below list).
• Meets the 1% rule at list price ($2k rent vs $148k).
• Recommended offer: $130k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.3% vs local median 2.8% in Ridgeland — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 68/100 on livability (#57 in MS) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools C-, amenities F, commute F.
• Madison County School District (rural): math 54% / reading 54% proficiency, ranked #3 of 130 in MS (top 2%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising fast (+5.7%/yr); 132 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 40% of comp listings sitting > 30 days — soft ceiling on asking rent; 553 units permitted in Madison County in 2024 (0 in 5+ unit buildings).
• This rent runs 30% of the median local income ($66k/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.
• Madison County population projected at +34% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 210 days — a 12% lower offer ($130k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); severe wind risk, 80% 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 $129,800 (12.0% 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 210 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
3. Built in 1966 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.13% ✓
• Cap rate: 9.32%
• Cash-on-cash: 10.80%
• DSCR: 1.48
• GRM: 7.4

CMA / ARV

• ARV (median comp): $186,376
• List price: $147,500
• Delta: -20.86%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
146 Wheatley Place Pl	0.15mi	3/2.0	1,516 (-1%)	12mo	$184,900	$122	77
151 Wheatley Pl	0.17mi	3/2.0	1,519 (-1%)	23mo	$189,000	$124	67
522 Christine Dr	0.29mi	4/2.0 (+1)	1,623 (+6%)	5mo	$279,900	$172	63
314 Creston Ct	0.60mi	3/2.0	1,482 (-3%)	19mo	$244,000	$165	47
605 Highland Dr	0.34mi	3/1.5	1,359 (-11%)	22mo	$124,900	$92	41
427 Millett St	0.59mi	3/2.0	1,418 (-7%)	18mo	$225,000	$159	41
528 Boardwalk Blvd	0.67mi	2/2.5 (-1)	1,401 (-8%)	13mo	$189,900	$136	37

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 · 5.65% rent growth · sell at horizon

5-year hold

• IRR: -14.8%
• Equity multiple: 0.45×
• Total profit: $-22,585
• Equity at exit: $21,993

10-year hold

• IRR: -1.0%
• Equity multiple: 0.92×
• Total profit: $-3,380
• Equity at exit: $12,753

Cash invested: $41,300 (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 39157

• Home prices YoY: -22.8%
• Rents YoY: 5.7%
• Active inventory: 132
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $1,670 high
• Mortgage (P&I): −$774
• Tax from tax record: −$113 /mo · $1,351/yr
• Insurance: −$61
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$351
• Net cashflow: $-55

Break-even live

Break-even rent $1,739

Max offer price $137,800

Occupancy floor 98%

Sensitivity live

Price	-10% $29	-5% $-13	+0% $-55	+5% $-97	+10% $-138
Rent	-10% $-187	-5% $-121	+0% $-55	+5% $11	+10% $77
Rate	-1.0pp $19	-0.5pp $-17	base $-55	+0.5pp $-93	+1.0pp $-132

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: $36,875
• Closing costs: $4,425
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
340 Arbor Dr Ridgeland, MS	1.0–2.0	1.0–2.0	850	$1,374	$1.62	14d	26	0.49mi
225 Walnut Ridge St Ridgeland, MS	3.0	2.0	1500	$1,850	$1.23	14d	1	0.51mi
331 Peach Orchard Dr Ridgeland, MS	2.0	2.0	1300	$1,700	$1.31	44d	1	0.78mi
1702 Jamestown Way Unit 1702 Jackson, MS	3.0	2.0	1465	$1,495	$1.02	44d	1	0.92mi
3001 Jamestown Way Jackson, MS	2.0	1.5	1200	$1,100	$0.92	24d	1	0.92mi
320 Southridge Dr Ridgeland, MS	3.0	2.0	1467	$1,856	$1.27	44d	1	0.95mi
580 S Pear Orchard Rd Ridgeland, MS	1.0–3.0	1.0–2.0	950	$1,984	$2.09	14d	15	0.98mi
205 Pecan Park Dr Ridgeland, MS	3.0	2.0	1066	$1,850	$1.74	44d	1	1.02mi
1620 E County Line Rd Ridgeland, MS	1.0–3.0	1.0–2.5	1126	$1,595	$1.42	14d	7	1.16mi
711 Lake Harbour Dr Ridgeland, MS	2.0	2.0	1100	$1,354	$1.23	14d	1	1.37mi

Listing history 17 events

1. 2026-06-18
   days on market $147,500 Active 210 DOM
2. 2026-06-17
   days on market $147,500 Active 209 DOM
3. 2026-06-16
   days on market $147,500 Active 208 DOM
4. 2026-06-15
   days on market $147,500 Active 207 DOM
5. 2026-06-14
   days on market $147,500 Active 205 DOM
6. 2026-06-10
   days on market $147,500 Active 202 DOM
7. 2026-06-09
   days on market $147,500 Active 201 DOM
8. 2026-06-08
   days on market $147,500 Active 200 DOM
9. 2026-06-07
   days on market $147,500 Active 199 DOM
10. 2026-06-03
    days on market $147,500 Active 195 DOM
11. 2026-06-02
    days on market $147,500 Active 194 DOM
12. 2026-06-01
    days on market $147,500 Active 193 DOM
13. 2026-05-31
    days on market $147,500 Active 192 DOM
14. 2026-05-30
    days on market $147,500 Active 191 DOM
15. 2026-05-20
    price $147,500 1016-char remark

    Show marketing remark (1016 chars)

    Wonderful opportunity in Ridgeland for homeowners and investors alike! This 3-bedroom 1-bath home sits on a spacious lot with room to grow, offering excellent potential of outdoor living, gardening, play space, or future additions. With a FHA 203(k) renovation loan, buyers can roll needed repairs and updates into one loan-- perfect for customizing the home to your taste without the upfront renovation costs. Inside, you'll find a functional layout along with a heated and cooled bonus room that could serve as a second living area, office, playroom, or hobby space. Whether you're looking to personalize your first home or add to your investment portfolio, this property offers plenty of room to create value. Conveniently located near shopping, dining, parks, and I-55, this home provides great access to everything Ridgeland has to offer. Being sold AS-IS, making it a fantastic opportunity for buyers ready to make it their own. Don't miss the chance to transform this property into something special!

16. 2025-11-20
    listed $167,500 Active 1016-char remark

    Show marketing remark (1016 chars)

    Wonderful opportunity in Ridgeland for homeowners and investors alike! This 3-bedroom 1-bath home sits on a spacious lot with room to grow, offering excellent potential of outdoor living, gardening, play space, or future additions. With a FHA 203(k) renovation loan, buyers can roll needed repairs and updates into one loan-- perfect for customizing the home to your taste without the upfront renovation costs. Inside, you'll find a functional layout along with a heated and cooled bonus room that could serve as a second living area, office, playroom, or hobby space. Whether you're looking to personalize your first home or add to your investment portfolio, this property offers plenty of room to create value. Conveniently located near shopping, dining, parks, and I-55, this home provides great access to everything Ridgeland has to offer. Being sold AS-IS, making it a fantastic opportunity for buyers ready to make it their own. Don't miss the chance to transform this property into something special!

17. 1985-06-21
    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: $1,351 · $113/mo
• Projected year-2 tax: $1,351 · $113/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 5/10 Major FEMA zone AE · 24% 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 8/10 Severe 80% 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: $20,038
• − Mortgage interest: −$8,262
• − Property taxes: −$1,351
• − Insurance: −$5,856
• − Repairs & maintenance: −$1,603
• − Management: −$1,603
• − Depreciation: −$4,291
• Taxable loss: −$2,928
• Est. tax savings @ 24.0%: +$703
• After-tax cash flow: $44/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: Madison County School District
• NCES district ID: 2802790
• Math proficiency: 54% ▼ -7.00%
• Reading proficiency: 54% ▼ -7.00%
• Median HH income: $70,579
• Composite: 48.08/100
• National rank: #2188
• State rank: #3 of 130 in MS

Livability — Ridgeland

• Score: 68/100
• State rank: #57
• US rank: #9276

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Ridgeland, MS
• County: Madison County · 75,005 people
• City population: 24,562
• Metro: Jackson, MS
• Population (ZIP): 24,562
• Household income: $66,068
• Rent vs Own: 52.7% rent · 47.3% own
• Severe rent burden: 1370.0

Population outlook (Madison County) Hauer SSP2

• Today (2025): 122,509 people
• By 2030: 131,737 · +7.5%
• By 2040: 148,930 · +21.6%
• By 2050: 164,300 · +34.1%
• By 2075: 197,495 · +61.2%
• By 2100: 211,429 · +72.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.61)
• Race & ethnicity: Black 44% White 43% Hispanic / Latino 7% Two or more races 4% Asian 3%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Italian 3% Lithuanian 3% Serbian 1%
• Foreign-born: 7% · Canada, China, Vietnam
• Languages at home: 90% English-only · Spanish 6% Other Indo-European 1% Chinese 1%

Political lean MEDSL · Madison

• 2024 margin: R (+17.3) · D 40.8% · R 58.0% · Other 1.2%
• 2008→2024 swing: -1.7pp toward R · 2008: -15.6pp · 2024: -17.3pp
• All cycles: 2024: R+17.3 2020: R+11.8 2016: R+16.1 2012: R+15.7 2008: R+15.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -45.34%
• Current HPI: 153.1826
• Rent YoY: ▲ 5.65%
• Metro: Jackson, MS
• State GDP YoY: —
• F500 in state: 0

Price history

-11.9% since first listed

3 events — show timeline

• 2026-05-20 Price Changed $147,500 MLSU
• 2025-11-20 Listed $167,500 MLSU
• 1985-06-21 Sold (Public Records) — Public Records

Property tax history

+1.2%/yr

Latest (2025): $1,351 · +0.5% YoY. Source: county tax records.