8236 Stonehaven Dr · Vancleave, MS 39565

$127,000

5 bd · 5.0 ba · 2,840 sqft · SingleFamily public records · 294 Days on market

Built 1940 3.30 ac lot $45/sqft · 63% below area ↓ 20% 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 +27.4/30.0
• DSCR +9.6/10.0
• 1% rule +9.2/10.0
• ARV discount +7.5/15.0
• Schools +4.4/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This Vancleave property is a fantastic opportunity for investors and DIY enthusiasts ready for a challenge. Sitting on a private 3.3-acre lot, this 2,840 sq ft home needs significant work but has incredible potential. The house features a spacious split floor plan with five bedrooms and five bathrooms, a grand entry way, a large living room with a fireplace, and a workshop. Enjoy the peaceful, country living atmosphere with a tranquil pond at the back of the property. This home offers a quiet, scenic retreat ready for a complete transformation.

Key facts

• Private 3.3-acre lot
• Large living room
• Workshop

Tags

• PRIVATE 3.3-ACRE LOT
• TRANQUIL POND
• SPACIOUS SPLIT FLOOR PLAN
• LARGE LIVING ROOM
• WORKSHOP

What this means for you Summary

Snapshot

• This is a 5-bed/5.0-bath single-family listed at $127k.

Deal economics

• At list price, monthly cash flow is $373 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $127k).
• Recommended offer: $112k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.8% vs local median 2.9% in Vancleave — 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 71/100 on livability (#34 in MS) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: schools C-, health & safety D+, amenities F.
• Jackson County School District (rural): math 53% / reading 48% proficiency, ranked #10 of 130 in MS (top 8%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 194 active listings in the ZIP; 516 units permitted in Jackson County in 2024 (6 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $878 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $36k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 294 days — a 12% lower offer ($112k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: property tax is 3.1% of price; built in 1940 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; severe wildfire risk; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $111,760 (12.0% below list)

Questions for the listing agent

1. It's been on market 294 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1940 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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. 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: 1.42% ✓
• Cap rate: 9.82%
• Cash-on-cash: 12.59%
• DSCR: 1.56
• GRM: 5.9

CMA / ARV

• ARV (median comp): $342,817
• List price: $127,000
• Delta: -62.95%
• Verdict: UNDERPRICED
• Comps: 3 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 2.4%
• Equity multiple: 1.09×
• Total profit: $3,317
• Equity at exit: $18,936

10-year hold

• IRR: 12.1%
• Equity multiple: 1.96×
• Total profit: $34,030
• Equity at exit: $10,981

Cash invested: $35,560 (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 39565

• Home prices YoY: -28.8%
• Active inventory: 194
• Price-to-rent: 5.9×

Monthly cashflow live

• Estimated rent: $1,803 medium
• Mortgage (P&I): −$666
• Tax from tax record: −$332 /mo · $3,988/yr
• Insurance: −$53
• HOA: −$0
• Vacancy / Maint / Mgmt: −$379
• Net cashflow: $373

Break-even live

Break-even rent $1,331

Max offer price $127,000

Occupancy floor 74%

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: $31,750
• Closing costs: $3,810
• Reserves months: —
• Total cash needed: —

Listing history 11 events

1. 2026-06-13
   statusdays on market $127,000 Pending 294 DOM
2. 2026-06-10
   days on market $127,000 Active 293 DOM
3. 2026-06-09
   days on market $127,000 Active 292 DOM
4. 2026-06-08
   days on market $127,000 Active 291 DOM
5. 2026-06-07
   days on market $127,000 Active 290 DOM
6. 2026-06-05
   days on market $127,000 Active 287 DOM
7. 2026-06-03
   days on market $127,000 Active 286 DOM
8. 2026-06-03
   status $127,000 Active 285 DOM
9. 2026-05-19
   status Pending 550-char remark

   Show marketing remark (550 chars)

   This Vancleave property is a fantastic opportunity for investors and DIY enthusiasts ready for a challenge. Sitting on a private 3.3-acre lot, this 2,840 sq ft home needs significant work but has incredible potential. The house features a spacious split floor plan with five bedrooms and five bathrooms, a grand entry way, a large living room with a fireplace, and a workshop. Enjoy the peaceful, country living atmosphere with a tranquil pond at the back of the property. This home offers a quiet, scenic retreat ready for a complete transformation.

10. 2026-03-09
    price $127,000 550-char remark

    Show marketing remark (550 chars)

    This Vancleave property is a fantastic opportunity for investors and DIY enthusiasts ready for a challenge. Sitting on a private 3.3-acre lot, this 2,840 sq ft home needs significant work but has incredible potential. The house features a spacious split floor plan with five bedrooms and five bathrooms, a grand entry way, a large living room with a fireplace, and a workshop. Enjoy the peaceful, country living atmosphere with a tranquil pond at the back of the property. This home offers a quiet, scenic retreat ready for a complete transformation.

11. 2025-08-06
    listed $158,311 Active 550-char remark

    Show marketing remark (550 chars)

    This Vancleave property is a fantastic opportunity for investors and DIY enthusiasts ready for a challenge. Sitting on a private 3.3-acre lot, this 2,840 sq ft home needs significant work but has incredible potential. The house features a spacious split floor plan with five bedrooms and five bathrooms, a grand entry way, a large living room with a fireplace, and a workshop. Enjoy the peaceful, country living atmosphere with a tranquil pond at the back of the property. This home offers a quiet, scenic retreat ready for a complete transformation.

ⓘ 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: $3,988 · $332/mo
• Projected year-2 tax: $3,988 · $332/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 8/10 Severe
• 🌡 Heat 10/10 Extreme 7 d/yr ≥108°F today · 22 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,636
• − Mortgage interest: −$7,114
• − Property taxes: −$3,988
• − Insurance: −$635
• − Repairs & maintenance: −$1,731
• − Management: −$1,731
• − Depreciation: −$3,695
• Taxable income: $2,742
• Est. tax owed @ 24.0%: −$658
• After-tax cash flow: $3,819/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 County School District
• NCES district ID: 2802160
• Math proficiency: 53% ▼ -5.00%
• Reading proficiency: 48% ▼ -5.00%
• Median HH income: $53,569
• Composite: 43.57/100
• National rank: #2980
• State rank: #10 of 130 in MS

Livability — Vancleave

• Score: 71/100
• State rank: #34
• US rank: #7039

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 20,692

Population outlook (Jackson County) Hauer SSP2

• Today (2025): 146,926 people
• By 2030: 148,442 · +1.0%
• By 2040: 149,631 · +1.8%
• By 2050: 148,723 · +1.2%
• By 2075: 147,845 · +0.6%
• By 2100: 144,510 · -1.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (85%)
• Race & ethnicity: White 85% Black 6% Two or more races 4% Hispanic / Latino 3% Asian 2%
• Common ancestry: Lithuanian 4% Slovak 1% Subsaharan African 1%
• Foreign-born: 2% · Vietnam
• Languages at home: 95% English-only · Spanish 2% Vietnamese 1% Tagalog/Filipino 1%

Political lean MEDSL · Jackson

• 2024 margin: Solid R (+39.9) · D 29.5% · R 69.4% · Other 1.1%
• 2008→2024 swing: -6.4pp toward R · 2008: -33.5pp · 2024: -39.9pp
• All cycles: 2024: R+39.9 2020: R+34.6 2016: R+39.9 2012: R+36.1 2008: R+33.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -75.68%
• Current HPI: 187.1025
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

-19.8% since first listed

3 events — show timeline

• 2026-05-19 Pending — MLSU
• 2026-03-09 Price Changed $127,000 MLSU
• 2025-08-06 Listed $158,311 MLSU

Property tax history

+9.7%/yr

Latest (2025): $3,988 · +16.5% YoY. Source: county tax records.