5652 Heard St · Jackson, MS 39206

$49,900

3 bd · 1.0 ba · 1,008 sqft · SingleFamily public records · 26 Days on market

Built 1959 0.32 ac lot Est $75k · 33% under

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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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.4/5.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• Schools +1.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Bank owned property for sale in NW Jackson. No repairs, warranties, disclosures or concessions; Strictly sold AS/IS. 3 bedrooms, 1 bath, living room/dining combo, nice sized covered deck in rear, 1 car carport. Addendums to follow accepted contract. Earnest money deposit and bank letter required to submit an offer.

Key facts

• 0.32 acre lot
• Parking
• Built 1959

Property features AI

Finance

• Other: Parcel number 0723-0622-000
• Financial info: Annual tax amount: $1,057 (2025)

Exterior

• Parking: Attached carport with 1 carport space
• Utilities: Public water; Public sewer; Cable available
• Home design: Single-family house; One story; Entry level: One
• Construction: Siding exterior; Shingle roof; Conventional foundation; Built (year from public records)
• Exterior features: Deck; Public water; Public sewer; Cable available

Interior

• Flooring: Wood
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Wood flooring; Central heating; Central air conditioning

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $50k.

Deal economics

• At list price, monthly cash flow is $664 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $50k).
• Recommended offer: $49k (1.5% below list) — sets the bar for market timing.
• Cap rate 22.3% vs local median 9.9% in Jackson — 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 (#66 in MS) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: amenities F, employment F, health & safety F.
• Jackson Public School District (urban): math 9% / reading 18% proficiency, ranked #112 of 130 in MS (top 86%) — 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: Boyd Elementary School (math 0% / reading 9%, grade F, #368 of 375 statewide, top 98%, 405 students, 100% FRL); Kirksey Middle School (math 7% / reading 13%, grade F, #152 of 179 statewide, top 88%, 247 students, 100% FRL); Callaway High School (math 3% / reading 10%, grade F, #191 of 197 statewide, top 97%, 923 students, 100% FRL).
• Market conditions: Rents rising (+2.8%/yr); 121 active listings in the ZIP; 20 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 167 units permitted in Hinds County in 2024 (0 in 5+ unit buildings).
• This rent runs 37% of the median local income ($43k/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 $345 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• Hinds County population projected to shrink 6% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 2.8% rent growth), your $14k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 26 days — a 2% lower offer ($49k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 17y 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.

Risks & watch-outs

• Watch-outs: built in 1959 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 80% chance of damaging wind over 30y; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $49,151 (1.5% below list)

Questions for the listing agent

1. Built in 1959 — 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. 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.
5. 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.
6. 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: 2.62% ✓
• Cap rate: 22.25%
• Cash-on-cash: 56.99%
• DSCR: 3.54
• GRM: 3.2

CMA / ARV

• ARV (on-the-fly): $74,592
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5620 Hearn St	0.17mi	3/1.0	1,008 (0%)	3mo	$74,900	$74	90
5604 Hearn St	0.18mi	3/1.0	1,008 (0%)	14mo	$77,000	$76	80
5517 Grafton St	0.68mi	3/1.0	1,100 (+9%)	4mo	$100,000	$91	50
5445 Crepe Myrtle Ct	0.53mi	3/1.0	1,150 (+14%)	16mo	$49,000	$43	39
111 Chatham Cir	0.71mi	3/1.5	1,144 (+14%)	5mo	$83,000	$73	38
5542 Grafton St	0.66mi	3/1.0	1,136 (+13%)	13mo	$83,000	$73	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 · 2.83% rent growth · sell at horizon

5-year hold

• IRR: 55.3%
• Equity multiple: 3.43×
• Total profit: $33,991
• Equity at exit: $7,440

10-year hold

• IRR: 60.3%
• Equity multiple: 6.96×
• Total profit: $83,252
• Equity at exit: $4,314

Cash invested: $13,972 (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 39206

• Home prices YoY: -10.3%
• Rents YoY: 2.8%
• Active inventory: 121
• Price-to-rent: 3.2×

Monthly cashflow live

• Estimated rent: $1,309 high
• Mortgage (P&I): −$262
• Tax from tax record: −$88 /mo · $1,057/yr
• Insurance: −$21
• HOA: −$0
• Vacancy / Maint / Mgmt: −$275
• Net cashflow: $664

Break-even live

Break-even rent $469

Max offer price $49,900

Occupancy floor 44%

Sensitivity live

Price	-10% $692	-5% $678	+0% $664	+5% $649	+10% $635
Rent	-10% $560	-5% $612	+0% $664	+5% $715	+10% $767
Rate	-1.0pp $689	-0.5pp $676	base $664	+0.5pp $651	+1.0pp $638

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: $12,475
• Closing costs: $1,497
• Reserves months: —
• Total cash needed: —

Rent comps 20 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
425 Beasley Rd Jackson, MS	2.0	1.0–2.0	995	$885	$0.89	16d	3	0.29mi
5421 Crepe Myrtle Dr Jackson, MS	4.0	1.5	1079	$1,295	$1.20	25d	1	0.58mi
5255 Manhattan Rd Jackson, MS	1.0–2.0	1.0–2.0	813	$1,100	$1.35	16d	1	0.87mi
508 Benning Rd Jackson, MS	4.0	2.0	1216	$1,400	$1.15	16d	1	1.04mi
508 Benning Rd Jackson, MS	4.0	2.0	1216	$1,400	$1.15	46d	1	1.04mi
320 Lawrence Rd Jackson, MS	4.0	1.5	1270	$1,400	$1.10	25d	1	1.09mi
320 Lawrence Rd Jackson, MS	4.0	2.0	1270	$1,400	$1.10	16d	1	1.09mi
229 Lawrence Rd #229 Jackson, MS	2.0	1.0	840	$995	$1.18	46d	1	1.11mi
229 Lawrence Rd Jackson, MS	2.0	1.0	840	$900	$1.07	25d	1	1.11mi
227 Lawrence Rd Jackson, MS	2.0	1.0	840	$900	$1.07	16d	2	1.11mi
227 Lawrence Rd #227 Jackson, MS	2.0	1.0	840	$995	$1.18	46d	1	1.11mi
492 E Beasley Rd Jackson, MS	1.0–3.0	1.0–2.0	1133	$1,440	$1.27	16d	8	1.13mi
701 Cedarhurst Dr Jackson, MS	4.0	2.0	1419	$1,250	$0.88	25d	1	1.24mi
4833 N State St Jackson, MS	3.0	2.0	994	$1,195	$1.20	46d	1	1.28mi
4858 Sheridan Dr Jackson, MS	3.0	2.0	1300	$1,550	$1.19	25d	1	1.28mi
791 W County Line Rd Jackson, MS	3.0	2.0	1344	$1,445	$1.08	46d	1	1.29mi
791 W County Line Rd Jackson, MS	3.0	2.0	1344	$1,385	$1.03	16d	1	1.29mi
521 Launcelot Rd Jackson, MS	3.0	2.0	1346	$1,423	$1.06	46d	1	1.30mi
4901 McWillie Cir Jackson, MS	1.0–2.0	1.0–2.0	806	$1,150	$1.43	16d	1	1.45mi
5155 Wayneland Dr Jackson, MS	1.0–2.0	1.0–2.0	905	$1,500	$1.66	25d	1	1.48mi

Listing history 25 events

1. 2026-06-22
   days on market $49,900 Active 26 DOM
2. 2026-06-18
   days on market $49,900 Active 23 DOM
3. 2026-06-17
   days on market $49,900 Active 22 DOM
4. 2026-06-16
   days on market $49,900 Active 21 DOM
5. 2026-06-15
   days on market $49,900 Active 20 DOM
6. 2026-06-14
   days on market $49,900 Active 18 DOM
7. 2026-06-13
   days on market $49,900 Active 17 DOM
8. 2026-06-10
   days on market $49,900 Active 15 DOM
9. 2026-06-09
   days on market $49,900 Active 14 DOM
10. 2026-06-08
    days on market $49,900 Active 13 DOM
11. 2026-06-07
    days on market $49,900 Active 12 DOM
12. 2026-06-05
    days on market $49,900 Active 9 DOM
13. 2026-06-03
    days on market $49,900 Active 8 DOM
14. 2026-06-02
    days on market $49,900 Active 7 DOM
15. 2026-06-01
    days on market $49,900 Active 6 DOM
16. 2026-05-31
    days on market $49,900 Active 5 DOM
17. 2026-05-30
    days on market $49,900 Active 4 DOM
18. 2026-05-26
    listed $49,900 Active
19. 2010-08-23
    soldstatus
20. 2009-12-30
    soldstatus 316-char remark

    Show marketing remark (316 chars)

    Bank owned property for sale in NW Jackson. No repairs, warranties, disclosures or concessions; Strictly sold AS/IS. 3 bedrooms, 1 bath, living room/dining combo, nice sized covered deck in rear, 1 car carport. Addendums to follow accepted contract. Earnest money deposit and bank letter required to submit an offer.

21. 2009-12-14
    soldstatus
22. 2009-11-12
    listed $19,500 316-char remark

    Show marketing remark (316 chars)

    Bank owned property for sale in NW Jackson. No repairs, warranties, disclosures or concessions; Strictly sold AS/IS. 3 bedrooms, 1 bath, living room/dining combo, nice sized covered deck in rear, 1 car carport. Addendums to follow accepted contract. Earnest money deposit and bank letter required to submit an offer.

23. 2007-03-01
    soldstatus
24. 1992-12-04
    soldstatus
25. 1961-02-27
    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: $1,057 · $88/mo
• Projected year-2 tax: $1,057 · $88/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 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥108°F today · 19 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: $15,708
• − Mortgage interest: −$2,795
• − Property taxes: −$1,057
• − Insurance: −$250
• − Repairs & maintenance: −$1,257
• − Management: −$1,257
• − Depreciation: −$1,452
• Taxable income: $7,642
• Est. tax owed @ 24.0%: −$1,834
• After-tax cash flow: $6,129/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: Jackson Public School District
• NCES district ID: 2802190
• Math proficiency: 9% ▼ -14.00%
• Reading proficiency: 18% ▼ -7.00%
• Median HH income: $33,234
• Composite: 10.89/100
• National rank: #9755
• State rank: #112 of 130 in MS

Livability — Jackson

• Score: 68/100
• State rank: #66
• US rank: #9695

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Jackson, MS
• County: Hinds County · 167,040 people
• City population: 140,204
• Metro: Jackson, MS
• Population (ZIP): 23,257
• Household income: $42,686
• Rent vs Own: 54.0% rent · 46.0% own
• Severe rent burden: 1554.0

Population outlook (Hinds County) Hauer SSP2

• Today (2025): 242,528 people
• By 2030: 241,113 · -0.6%
• By 2040: 235,557 · -2.9%
• By 2050: 226,946 · -6.4%
• By 2075: 199,995 · -17.5%
• By 2100: 164,165 · -32.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (85%)
• Race & ethnicity: Black 85% White 9% Hispanic / Latino 3% Two or more races 3%
• Common ancestry: Italian 1%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 3%

Political lean MEDSL · Hinds

• 2024 margin: Solid D (+46.1) · D 72.4% · R 26.3% · Other 1.4%
• 2008→2024 swing: +7.1pp toward D · 2008: 39.0pp · 2024: 46.1pp
• All cycles: 2024: D+46.1 2020: D+48.3 2016: D+43.7 2012: D+45.1 2008: D+39.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -22.38%
• Current HPI: 194.5873
• Rent YoY: ▲ 2.83%
• Metro: Jackson, MS
• State GDP YoY: —
• F500 in state: 0

Price history

+155.9% since first listed

8 events — show timeline

• 2026-05-26 Listed $49,900 MLSU
• 2010-08-23 Sold (Public Records) — Public Records
• 2009-12-30 Sold (MLS) — MLSU
• 2009-12-14 Sold (Public Records) — Public Records
• 2009-11-12 Listed $19,500 MLSU
• 2007-03-01 Sold (Public Records) — Public Records
• 1992-12-04 Sold (Public Records) — Public Records
• 1961-02-27 Sold (Public Records) — Public Records

Property tax history

+1.1%/yr

Latest (2025): $1,057 · +1.1% YoY. Source: county tax records.