556 Flowers Dr · Laurel, MS 39440

$124,900

2 bd · 1.5 ba · 1,325 sqft · SingleFamily public records · 19 Days on market

Built 1968 ↓ 4% since listing

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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).

• Cash flow +27.9/30.0
• DSCR +9.9/10.0
• ARV discount +7.5/15.0
• 1% rule +7.1/10.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Need a starter home in Laurel?? Here is your chance with this 2 bedroom, 1.5 bath home in North Laurel. There is a den area that can easily be transformed to a 3rd bedroom/primary suite. Yard features a double carport with storage attached, a fenced in area, Lots of pretty trees and bushes on a nice quiet side road! Check out this home today with your favorite realtor

Key facts

• Fenced in area
• Double carport
• Quiet side road

Tags

• DEN AREA
• DOUBLE CARPORT
• FENCED IN AREA
• QUIET SIDE ROAD

Property features AI

Exterior

• Parking: Attached carport; Carport (2 spaces); Driveway; Paved parking
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One level
• Construction: Brick veneer construction; Composition roof; Slab foundation; Built on .32-acre lot
• Exterior features: Storage; Other exterior features; See remarks for lot details

Interior

• Flooring: Ceramic tile; Carpet
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Window unit(s) for cooling
• Interior features: Ceiling fan(s)

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath single-family listed at $125k.

Deal economics

• At list price, monthly cash flow is $317 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $125k).
• Recommended offer: $123k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 66/100 on livability (#92 in MS) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime F, commute F, employment F.
• Laurel School District (town): math 16% / reading 18% proficiency, ranked #101 of 130 in MS (top 78%) — 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: Mason Elementary School (math 8% / reading 12%, grade F, #319 of 375 statewide, top 88%, 345 students, 100% FRL); Laurel Middle School (math 14% / reading 15%, grade F, #133 of 179 statewide, top 76%, 555 students, 100% FRL); Laurel High School (math 11% / reading 12%, grade F, #166 of 197 statewide, top 85%, 708 students, 100% FRL).
• Market conditions: 134 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 23 units permitted in Jones County in 2024 (5 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $864 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Jones County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $35k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 19 days — a 2% lower offer ($123k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y 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: flood insurance adds $66/mo.
• Climate carrying-cost: severe flood risk; severe wind risk, 97% 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 $123,026 (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. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 1.21% ✓
• Cap rate: 9.98%
• Cash-on-cash: 13.17%
• DSCR: 1.59
• GRM: 6.9

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: 0.0%
• Equity multiple: 1.00×
• Total profit: $15
• Equity at exit: $18,623

10-year hold

• IRR: 9.7%
• Equity multiple: 1.75×
• Total profit: $26,187
• Equity at exit: $10,799

Cash invested: $34,972 (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 39440

• Active inventory: 134
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $1,518 medium
• Mortgage (P&I): −$655
• Tax from tax record: −$108 /mo · $1,294/yr
• Insurance: −$52
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$319
• Net cashflow: $317

Break-even live

Break-even rent $1,116

Max offer price $124,900

Occupancy floor 74%

Sensitivity live

Price	-10% $388	-5% $353	+0% $317	+5% $282	+10% $247
Rent	-10% $198	-5% $258	+0% $317	+5% $377	+10% $437
Rate	-1.0pp $380	-0.5pp $349	base $317	+0.5pp $285	+1.0pp $252

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: $31,225
• Closing costs: $3,747
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3017 Old Amy Rd Laurel, MS	1.0–3.0	1.0–2.0	1025	$1,518	$1.48	15d	3	1.25mi

Listing history 14 events

1. 2026-06-21
   days on market $124,900 Active 19 DOM
2. 2026-06-21
   days on market $124,900 Active 18 DOM
3. 2026-06-18
   days on market $124,900 Active 16 DOM
4. 2026-06-17
   days on market $124,900 Active 15 DOM
5. 2026-06-16
   days on market $124,900 Active 14 DOM
6. 2026-06-15
   days on market $124,900 Active 13 DOM
7. 2026-06-13
   days on market $124,900 Active 11 DOM
8. 2026-06-12
   days on market $124,900 Active 10 DOM
9. 2026-06-09
   days on market $124,900 Active 7 DOM
10. 2026-06-08
    days on market $124,900 Active 6 DOM
11. 2026-06-07
    days on market $124,900 Active 5 DOM
12. 2026-06-05
    days on market $124,900 Active 3 DOM
13. 2026-06-03
    remarks 370-char remark

    Show marketing remark (370 chars)

    Need a starter home in Laurel?? Here is your chance with this 2 bedroom, 1.5 bath home in North Laurel. There is a den area that can easily be transformed to a 3rd bedroom/primary suite. Yard features a double carport with storage attached, a fenced in area, Lots of pretty trees and bushes on a nice quiet side road! Check out this home today with your favorite realtor

14. 2026-06-03
    listed $124,900 Active 1 DOM

    Show marketing remark (370 chars)

    Need a starter home in Laurel?? Here is your chance with this 2 bedroom, 1.5 bath home in North Laurel. There is a den area that can easily be transformed to a 3rd bedroom/primary suite. Yard features a double carport with storage attached, a fenced in area, Lots of pretty trees and bushes on a nice quiet side road! Check out this home today with your favorite realtor

ⓘ 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: $1,294 · $108/mo
• Projected year-2 tax: $1,294 · $108/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 8/10 Severe FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°F today · 20 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 97% 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: $18,210
• − Mortgage interest: −$6,996
• − Property taxes: −$1,294
• − Insurance: −$1,422
• − Repairs & maintenance: −$1,457
• − Management: −$1,457
• − Depreciation: −$3,633
• Taxable income: $1,950
• Est. tax owed @ 24.0%: −$468
• After-tax cash flow: $3,342/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: Laurel School District
• NCES district ID: 2802460
• Math proficiency: 16% ▼ -11.00%
• Reading proficiency: 18% ▼ -4.00%
• Median HH income: $28,415
• Composite: 13.36/100
• National rank: #9535
• State rank: #101 of 130 in MS

Livability — Laurel

• Score: 66/100
• State rank: #92
• US rank: #11413

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Laurel, MS
• City population: 20,111
• Population (ZIP): 20,111

Population outlook (Jones County) Hauer SSP2

• Today (2025): 68,800 people
• By 2030: 68,773 · +-0.0%
• By 2040: 68,087 · -1.0%
• By 2050: 66,241 · -3.7%
• By 2075: 58,600 · -14.8%
• By 2100: 45,744 · -33.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority Black (63%)
• Race & ethnicity: Black 63% White 30% Hispanic / Latino 6% Two or more races 3% Native American 1%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Lithuanian 1% Slovak 1% Serbian 1%
• Foreign-born: 3% · Canada
• Languages at home: 94% English-only · Spanish 5%

Political lean MEDSL · Jones

• 2024 margin: Solid R (+46.8) · D 26.2% · R 73.0%
• 2008→2024 swing: -8.2pp toward R · 2008: -38.6pp · 2024: -46.8pp
• All cycles: 2024: R+46.8 2020: R+42.2 2016: R+43.6 2012: R+38.2 2008: R+38.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -104.63%
• Current HPI: 126.2541
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

-3.8% since first listed

6 events — show timeline

• 2026-06-03 Listed $124,900 LBOR
• 2026-06-02 Listed $124,900 HAAR
• 2024-10-03 Sold (MLS) — LBOR
• 2024-09-03 Pending — LBOR
• 2024-08-01 Price Changed $119,900 LBOR
• 2024-06-30 Listed $129,900 LBOR

Property tax history

+8.7%/yr

Latest (2025): $1,294 · +103.2% YoY. Source: county tax records.