366 Floyd Strickland Rd · Ellisville, MS 39437

$80,000

3 bd · 2.0 ba · 1,152 sqft · SingleFamily public records · 14 Days on market

Built 1985 1.00 ac lot $69/sqft · 6% above area Est $75k · 6% over

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +4.7/15.0
• Schools +3.3/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Sitting on approximately 1+/- acre in Jones County, this 3-bedroom, 2-bathroom home features a rustic exterior with a traditional interior and is ready for the right buyer to come in and bring it to life. Whether you're an investor looking for your next project or someone with a vision and the motivation to see it through, the potential is here. Come take a look and see what it could become.

Key facts

• 1 acre lot
• Built 1985
• Listed 14 days

Property features AI

Finance

• HOA & community: Community features: Other

Exterior

• Parking: Driveway
• Utilities: Community water; Septic tank; Other utilities
• Home design: Single-family house; One level
• Construction: Log construction; Raised foundation; Built (year from public records)
• Exterior features: Metal roof; Other exterior features; Lot of about 1 acre

Interior

• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central electric cooling
• Interior features: Front porch

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $80k.

Deal economics

• At list price, monthly cash flow is $661 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $80k).

Location & tenants

• Location reads 64/100 on livability (#123 in MS) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A-; Watch: health & safety D, schools D-, amenities F.
• Jones County School District (rural): math 40% / reading 39% proficiency, ranked #40 of 130 in MS (top 31%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 92 active listings in the ZIP; 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 $553 of loan paydown is wiped out by about $2k 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 $22k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 8y 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.
• Current owner paid $66k; 22% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 98% chance of damaging wind over 30y; major 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 $80,000

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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.
4. 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.
5. 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: 1.88% ✓
• Cap rate: 16.21%
• Cash-on-cash: 35.41%
• DSCR: 2.58
• GRM: 4.4

CMA / ARV

• ARV (median comp): $75,309
• List price: $80,000
• Delta: 6.23%
• Verdict: FAIR
• Comps: 1 within 2.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 31.0%
• Equity multiple: 2.30×
• Total profit: $29,146
• Equity at exit: $11,928

10-year hold

• IRR: 38.2%
• Equity multiple: 4.55×
• Total profit: $79,623
• Equity at exit: $6,917

Cash invested: $22,400 (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 39437

• Home prices YoY: -20.6%
• Active inventory: 92
• Price-to-rent: 4.4×

Monthly cashflow live

• Estimated rent: $1,505 medium
• Mortgage (P&I): −$420
• Tax from tax record: −$75 /mo · $898/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$316
• Net cashflow: $661

Break-even live

Break-even rent $668

Max offer price $80,000

Occupancy floor 51%

Sensitivity live

Price	-10% $706	-5% $684	+0% $661	+5% $638	+10% $616
Rent	-10% $542	-5% $602	+0% $661	+5% $720	+10% $780
Rate	-1.0pp $701	-0.5pp $681	base $661	+0.5pp $640	+1.0pp $619

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: $20,000
• Closing costs: $2,400
• Reserves months: —
• Total cash needed: —

Listing history 6 events

1. 2026-05-12
   listed $80,000 Active 394-char remark

   Show marketing remark (394 chars)

   Sitting on approximately 1+/- acre in Jones County, this 3-bedroom, 2-bathroom home features a rustic exterior with a traditional interior and is ready for the right buyer to come in and bring it to life. Whether you're an investor looking for your next project or someone with a vision and the motivation to see it through, the potential is here. Come take a look and see what it could become.

2. 2026-05-12
   listed $80,000 Active 394-char remark

   Show marketing remark (394 chars)

   Sitting on approximately 1+/- acre in Jones County, this 3-bedroom, 2-bathroom home features a rustic exterior with a traditional interior and is ready for the right buyer to come in and bring it to life. Whether you're an investor looking for your next project or someone with a vision and the motivation to see it through, the potential is here. Come take a look and see what it could become.

3. 2018-11-28
   soldstatus $65,500
4. 2018-11-21
   soldstatus

   Show marketing remark (82 chars)

   Neat log cabin style home. The storage buildings do not remain with the residence.

5. 2018-04-19
   listed $83,000

   Show marketing remark (82 chars)

   Neat log cabin style home. The storage buildings do not remain with the residence.

6. 2009-03-23
   soldstatus $65,500

ⓘ 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: $898 · $75/mo
• Projected year-2 tax: $898 · $75/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 6/10 Major
• 🌡 Heat 7/10 Severe 7 d/yr ≥107°F today · 19 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 98% 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: $18,057
• − Mortgage interest: −$4,481
• − Property taxes: −$898
• − Insurance: −$400
• − Repairs & maintenance: −$1,445
• − Management: −$1,445
• − Depreciation: −$2,327
• Taxable income: $7,061
• Est. tax owed @ 24.0%: −$1,695
• After-tax cash flow: $6,238/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: Jones County School District
• NCES district ID: 2802280
• Math proficiency: 40% ▼ -11.00%
• Reading proficiency: 39% ▼ -6.00%
• Median HH income: $41,051
• Composite: 33.24/100
• National rank: #5520
• State rank: #40 of 130 in MS

Livability — Ellisville

• Score: 64/100
• State rank: #123
• US rank: #13645

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 12,287
• Population (ZIP): 12,287

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: Predominantly White (78%)
• Race & ethnicity: White 78% Black 16% Hispanic / Latino 5% Two or more races 2%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Italian 2% Slovak 2% Lithuanian 2%
• Foreign-born: 2% · Canada
• Languages at home: 93% English-only · Spanish 6% Other Indo-European 1%

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: ▼ -36.84%
• Current HPI: 142.2369
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

+22.1% since first listed

8 events — show timeline

• 2026-05-26 Pending — MLSU
• 2026-05-21 Pending — HAAR
• 2026-05-12 Listed $80,000 HAAR
• 2026-05-12 Listed $80,000 MLSU
• 2018-11-28 Sold (Public Records) $65,500 Public Records
• 2018-11-21 Sold (MLS) — LBOR
• 2018-04-19 Listed $83,000 LBOR
• 2009-03-23 Sold (Public Records) $65,500 Public Records

Property tax history

+3.4%/yr

Latest (2018): $898 · +0.1% YoY. Source: county tax records.