4 Walker St · Lumberton, MS 39455

$155,000

3 bd · 1.0 ba · 1,456 sqft · SingleFamily public records · 101 Days on market

Built 2004 9,375 sqft lot $106/sqft · 31% below area Est $224k · 31% under $25/mo HOA · 2% of rent

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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).

• ARV discount +15.0/15.0
• Cash flow +9.3/30.0
• Appreciation +8.6/10.0
• Schools +4.1/10.0
• Livability +3.5/5.0
• 1% rule +3.0/10.0
• DSCR +2.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

This charming three-bedroom, two-bathroom fixer-upper in the desirable Hillsdale subdivision of Lumberton, Mississippi. This home sits on a corner lot that includes one additional lot, offering plenty of space and future potential. Inside, you'll find a solid layout ready for your personal touch and updates. Outside, enjoy a nice large backyard ideal for gardening, pets, or outdoor entertaining. Whether you're an investor or a homeowner looking to create your dream space, this property offers a rare opportunity with extra land in a quiet, established neighborhood. Home is being sold as is where is

Key facts

• Large backyard
• Corner lot
• 9,375 sq ft lot

Tags

• CORNER LOT
• LARGE BACKYARD
• QUIET ESTABLISHED NEIGHBORHOOD

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $155k.

Deal economics

• At list price, monthly cash flow is $-114 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $138k (10.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $124k (19.8% below list).
• Recommended offer: $124k (19.8% below list) — sets the bar for 1% rule.
• Cap rate 5.4% vs local median 4.2% in Lumberton — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 69/100 on livability (#53 in MS) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, health & safety A+; Watch: schools D-, amenities F, commute F.
• Lamar County School District (rural): math 48% / reading 46% proficiency, ranked #18 of 130 in MS (top 14%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 300 active listings in the ZIP; 326 units permitted in Pearl River County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $12k of equity ($1k loan paydown + $11k appreciation (7.2% local appreciation)).
• Pearl River County population projected at -19% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• By year 3, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 101 days — a 9% lower offer ($141k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $124,305 (19.8% 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 101 days. Have you received any prior offers? Is the seller open to a 20% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
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: 0.80% ✗
• Cap rate: 5.41%
• Cash-on-cash: -3.16%
• DSCR: 0.86
• GRM: 10.4

CMA / ARV

• ARV (median comp): $223,553
• List price: $155,000
• Delta: -30.67%
• Verdict: UNDERPRICED
• Comps: 6 within 1.0 mi

Projected returns pro-forma

7.23% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 15.8%
• Equity multiple: 2.13×
• Total profit: $49,094
• Equity at exit: $109,758

10-year hold

• IRR: 15.5%
• Equity multiple: 4.41×
• Total profit: $148,017
• Equity at exit: $210,650

Cash invested: $43,400 (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 39455

• Home prices YoY: 3.7%
• Active inventory: 300
• Price-to-rent: 10.4×

Monthly cashflow live

• Estimated rent: $1,243 medium
• Mortgage (P&I): −$813
• Tax est. 1.5%: −$194 /mo · $2,325/yr
• Insurance: −$65
• HOA: −$25
• Vacancy / Maint / Mgmt: −$261
• Net cashflow: $-114

Break-even live

Break-even rent $1,388

Max offer price $138,481

Occupancy floor —

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: $38,750
• Closing costs: $4,650
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $25 · $300/yr

Listing history 18 events

1. 2026-06-19
   days on market $155,000 Active 101 DOM
2. 2026-06-18
   days on market $155,000 Active 100 DOM
3. 2026-06-17
   days on market $155,000 Active 99 DOM
4. 2026-06-16
   days on market $155,000 Active 98 DOM
5. 2026-06-15
   days on market $155,000 Active 97 DOM
6. 2026-06-14
   days on market $155,000 Active 95 DOM
7. 2026-06-13
   days on market $155,000 Active 94 DOM
8. 2026-06-10
   days on market $155,000 Active 92 DOM
9. 2026-06-09
   days on market $155,000 Active 91 DOM
10. 2026-06-08
    days on market $155,000 Active 90 DOM
11. 2026-06-07
    days on market $155,000 Active 89 DOM
12. 2026-06-05
    days on market $155,000 Active 86 DOM
13. 2026-06-02
    days on market $155,000 Active 84 DOM
14. 2026-06-01
    days on market $155,000 Active 83 DOM
15. 2026-05-31
    days on market $155,000 Active 82 DOM
16. 2026-05-30
    days on market $155,000 Active 81 DOM
17. 2026-03-10
    listed $155,000 Active 605-char remark

    Show marketing remark (605 chars)

    This charming three-bedroom, two-bathroom fixer-upper in the desirable Hillsdale subdivision of Lumberton, Mississippi. This home sits on a corner lot that includes one additional lot, offering plenty of space and future potential. Inside, you'll find a solid layout ready for your personal touch and updates. Outside, enjoy a nice large backyard ideal for gardening, pets, or outdoor entertaining. Whether you're an investor or a homeowner looking to create your dream space, this property offers a rare opportunity with extra land in a quiet, established neighborhood. Home is being sold as is where is

18. 2004-01-30
    soldstatus

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°F today · 19 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% 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: $14,917
• − Mortgage interest: −$8,682
• − Property taxes: −$2,325
• − Insurance: −$775
• − Repairs & maintenance: −$1,193
• − Management: −$1,193
• − HOA: −$300
• − Depreciation: −$4,509
• Taxable loss: −$4,062
• Est. tax savings @ 24.0%: +$975
• After-tax cash flow: $-395/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: Lamar County School District
• NCES district ID: 2802400
• Math proficiency: 48% ▼ -13.00%
• Reading proficiency: 46% ▼ -7.00%
• Median HH income: $54,742
• Composite: 40.77/100
• National rank: #3645
• State rank: #18 of 130 in MS

Livability — Lumberton

• Score: 69/100
• State rank: #53
• US rank: #8568

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 9,030
• Population (ZIP): 9,030

Population outlook (Pearl River County) Hauer SSP2

• Today (2025): 53,426 people
• By 2030: 51,663 · -3.3%
• By 2040: 47,611 · -10.9%
• By 2050: 43,286 · -19.0%
• By 2075: 32,859 · -38.5%
• By 2100: 22,476 · -57.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (82%)
• Race & ethnicity: White 82% Black 15% Two or more races 3%
• Common ancestry: Lithuanian 5% Portuguese 2% Slovak 1%
• Foreign-born: 0%

Political lean MEDSL · Pearl River

• 2024 margin: Solid R (+66.7) · D 16.1% · R 82.8% · Other 1.0%
• 2008→2024 swing: -6.3pp toward R · 2008: -60.4pp · 2024: -66.7pp
• All cycles: 2024: R+66.7 2020: R+64.2 2016: R+66.8 2012: R+60.3 2008: R+60.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 7.23%
• Current HPI: 202.5728
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

2 events — show timeline

• 2026-03-10 Listed $155,000 HAAR
• 2004-01-30 Sold (Public Records) — Public Records

Property tax history

-1.4%/yr

Latest (2025): $54 · +9.6% YoY. Source: county tax records.