1424 E Northside Dr · Jackson, MS 39211

$200,000

3 bd · 3.0 ba · 2,898 sqft · SingleFamily public records · 83 Days on market

Built 1956 0.91 ac lot $69/sqft · 28% below area Est $292k · 31% 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 +26.7/30.0
• ARV discount +15.0/15.0
• DSCR +9.2/10.0
• 1% rule +6.3/10.0
• Rent growth +4.5/5.0
• Livability +3.4/5.0
• Condition / age +2.5/5.0
• Schools +1.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Large home on almost 1 acre. Lots of living space including den with wood-burning fireplace and heart pine floors, living room with fireplace, kitchen with dining room, 3 bedrooms and 3 baths. Master suite was added in the late 60's/early 70's(prior to current owner). Original oak floors in most of the house. Home needs TLC, including some structural work(on conventional foundation). There are 2 outbuildings with power, one attached to 3-car carport. Both are over 200sf and have some built-in storage and work space. Beautiful corner lot with mature trees and traditional porch running across the front. Homes all around this one are newer construction and lot could be a good investment for new construction, or the home would be a great renovation opportunity. Exterior is in good condition and roof is less than one year old. Sold AS-IS.

Key facts

• Built in storage
• Work space
• Original oak floors

Tags

• WOOD BURNING FIREPLACE
• HEART PINE FLOORS
• ORIGINAL OAK FLOORS
• OUTBUILDINGS WITH POWER
• BUILT IN STORAGE
• WORK SPACE

What this means for you Summary

Snapshot

• This is a 3-bed/3.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $543 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $200k).
• Recommended offer: $188k (6.0% below list) — sets the bar for market timing.

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: schools F, amenities F, employment 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.
• Market conditions: Rents rising fast (+7.9%/yr); 221 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 167 units permitted in Hinds County in 2024 (0 in 5+ unit buildings).
• This rent runs 39% of the median local income ($69k/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 $6k 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 + 7.9% rent growth), your $56k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 83 days — a 6% lower offer ($188k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1956 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: 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 $188,000 (6.0% below list)

Questions for the listing agent

1. It's been on market 83 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1956 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 9.55%
• Cash-on-cash: 11.64%
• DSCR: 1.52
• GRM: 7.4

CMA / ARV

• ARV (median comp): $291,610
• List price: $200,000
• Delta: -31.42%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1508 Kimwood Cir	0.16mi	4/3.0 (+1)	2,662 (-8%)	1mo	$285,000	$107	73
11 Highland Meadows Dr	0.34mi	3/2.0	3,129 (+8%)	1mo	$370,000	$118	66
1415 Winchester St	0.29mi	4/3.0 (+1)	2,643 (-9%)	3mo	$169,900	$64	64
147 Highland Cir	0.68mi	4/3.0 (+1)	2,851 (-2%)	1mo	$365,000	$128	60
1510 Douglass Dr	0.67mi	3/3.0	2,807 (-3%)	9mo	$349,500	$125	56
1641 Sheffield Dr	0.45mi	3/2.5	2,639 (-9%)	9mo	$399,900	$152	55
1534 Brecon Dr	0.23mi	4/2.0 (+1)	2,512 (-13%)	5mo	$275,000	$109	54
2017 Southwood Rd	0.50mi	4/3.0 (+1)	2,599 (-10%)	2mo	$325,000	$125	53
1903 Bellewood Rd	0.48mi	4/3.5 (+1)	2,597 (-10%)	4mo	$292,000	$112	50
4407 Northover Dr	0.72mi	4/2.5 (+1)	2,831 (-2%)	12mo	$315,000	$111	46
2024 E Northside Dr	0.70mi	4/4.5 (+1)	3,023 (+4%)	10mo	$494,800	$164	40
1940 Sheffield Dr	0.69mi	4/2.5 (+1)	3,274 (+13%)	3mo	$318,000	$97	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 · 7.9% rent growth · sell at horizon

5-year hold

• IRR: 6.0%
• Equity multiple: 1.25×
• Total profit: $13,768
• Equity at exit: $29,821

10-year hold

• IRR: 19.2%
• Equity multiple: 2.95×
• Total profit: $109,191
• Equity at exit: $17,292

Cash invested: $56,000 (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 39211

• Rents YoY: 7.9%
• Active inventory: 221
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $2,251 medium
• Mortgage (P&I): −$1,049
• Tax from tax record: −$103 /mo · $1,236/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$473
• Net cashflow: $543

Break-even live

Break-even rent $1,564

Max offer price $200,000

Occupancy floor 71%

Sensitivity live

Price	-10% $656	-5% $600	+0% $543	+5% $486	+10% $430
Rent	-10% $365	-5% $454	+0% $543	+5% $632	+10% $721
Rate	-1.0pp $644	-0.5pp $594	base $543	+0.5pp $491	+1.0pp $438

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: $50,000
• Closing costs: $6,000
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4750 Old Canton Rd Jackson, MS	4.0	3.0	2085	$2,200	$1.06	24d	1	0.29mi
5125 Old Canton Rd Jackson, MS	3.0	3.0	2025	$2,100	$1.04	24d	1	0.78mi
1046 Newland St Jackson, MS	4.0	2.5	2700	$3,200	$1.19	24d	1	0.98mi
622 Naples Rd Jackson, MS	4.0	2.5	2210	$1,650	$0.75	24d	1	1.35mi

Listing history 3 events

1. 2026-03-03
   listed $200,000 Active 845-char remark

   Show marketing remark (845 chars)

   Large home on almost 1 acre. Lots of living space including den with wood-burning fireplace and heart pine floors, living room with fireplace, kitchen with dining room, 3 bedrooms and 3 baths. Master suite was added in the late 60's/early 70's(prior to current owner). Original oak floors in most of the house. Home needs TLC, including some structural work(on conventional foundation). There are 2 outbuildings with power, one attached to 3-car carport. Both are over 200sf and have some built-in storage and work space. Beautiful corner lot with mature trees and traditional porch running across the front. Homes all around this one are newer construction and lot could be a good investment for new construction, or the home would be a great renovation opportunity. Exterior is in good condition and roof is less than one year old. Sold AS-IS.

2. 1990-01-29
   soldstatus
3. 1982-05-09
   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: $1,236 · $103/mo
• Projected year-2 tax: $1,580 · $132/mo
• Expected delta: +$344/yr (+$29/mo · 27.8%)

ⓘ 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 · 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: $27,011
• − Mortgage interest: −$11,203
• − Property taxes: −$1,236
• − Insurance: −$1,000
• − Repairs & maintenance: −$2,161
• − Management: −$2,161
• − Depreciation: −$5,818
• Taxable income: $3,432
• Est. tax owed @ 24.0%: −$824
• After-tax cash flow: $5,693/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): 23,838
• Household income: $69,426
• Rent vs Own: 38.0% rent · 62.0% own
• Severe rent burden: 736.0

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: Majority Black (59%)
• Race & ethnicity: Black 59% White 36% Hispanic / Latino 3% Two or more races 2%
• Common ancestry: Serbian 2% Italian 2% Slovak 1%
• Foreign-born: 2% · Canada, China
• Languages at home: 96% English-only · Spanish 3% Chinese 1%

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: ▼ -135.99%
• Current HPI: 145.5192
• Rent YoY: ▲ 7.90%
• Metro: Jackson, MS
• State GDP YoY: —
• F500 in state: 0

Price history

3 events — show timeline

• 2026-03-03 Listed $200,000 MLSU
• 1990-01-29 Sold (Public Records) — Public Records
• 1982-05-09 Sold (Public Records) — Public Records

Property tax history

+0.1%/yr

Latest (2025): $1,236 · +460.0% YoY. Source: county tax records.