5559 Queen Mary Ln · Jackson, MS 39209

$69,900

3 bd · 2.0 ba · 1,196 sqft · SingleFamily public records · 65 Days on market

Built 1959 0.28 ac lot $58/sqft · 17% above area Est $60k · 17% 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
• Appreciation +10.0/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.1/10.0
• ARV discount +0.0/15.0

Listing remarks MLS

Incredible Opportunity on a beautiful .28 acre lot! Welcome to 5559 Queen Mary Lane, a charming 3-bedroom, 2-bathroom ranch that perfectly blends classic mid-century character with modern updates. This property stands out from the rest with its amazing .28-acre lot, offering an expansive private oasis in the heart of West Jackson--perfect for gardening, outdoor entertaining, or potential future expansion. Step inside to discover a freshly painted interior featuring durable ceramic and vinyl tile flooring throughout--no carpet here! The functional layout includes a spacious living area and an eat-in kitchen equipped with a range. The home's infrastructure has been well-maintained with central heating and air to ensure year-round comfort. Exterior highlights include a sought-after detached garage and additional covered carport parking, providing ample space for vehicles, a workshop, or extra storage. Located in a quiet, established subdivision within the Jackson Public School District, you are just minutes from the scenic Mynelle Gardens and the Jackson Zoo, with easy access to I-20 and the vibrant shopping and dining in nearby Clinton. Whether you're looking for a move-in ready starter home with plenty of elbow room or a high-performing addition to your investment portfolio, this Queen Mary gem is ready for its next chapter.

Key facts

• Easy access to i-20
• Detached garage
• 0.28 acre lot

Tags

• DETACHED GARAGE
• COVERED CARPORT PARKING
• ESTABLISHED SUBDIVISION
• EASY ACCESS TO I-20

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $70k.

Deal economics

• At list price, monthly cash flow is $553 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $70k).
• Recommended offer: $66k (6.0% below list) — sets the bar for market timing.
• Cap rate 15.8% 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: 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: 165 active listings in the ZIP; 2 comparable units currently listed for rent nearby; lower-income renter base — watch delinquency; 167 units permitted in Hinds County in 2024 (0 in 5+ unit buildings).
• This rent runs 43% of the median local income ($36k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $7k of equity ($483 loan paydown + $7k appreciation (10.0% local appreciation)).
• Hinds County population projected to shrink 6% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $20k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 5, paydown + projected appreciation supports a ~$35k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 65 days — a 6% lower offer ($66k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 18y ago; this cycle's ask has dropped $5k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.

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 $65,706 (6.0% below list)

Questions for the listing agent

1. It's been on market 65 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 1959 — 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: 1.88% ✓
• Cap rate: 15.79%
• Cash-on-cash: 33.90%
• DSCR: 2.51
• GRM: 4.4

CMA / ARV

• ARV (median comp): $59,614
• List price: $69,900
• Delta: 17.25%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5770 Queen Mary Ln	0.27mi	3/1.5	1,184 (-1%)	1mo	$74,900	$63	83
344 Queen Margaret Ln	0.14mi	3/2.0	1,300 (+9%)	1mo	$74,900	$58	78
151 Queen Joanna Ln	0.29mi	3/2.0	1,248 (+4%)	6mo	$52,900	$42	74
5629 Queen Mary Ln	0.14mi	4/2.0 (+1)	1,272 (+6%)	6mo	$90,000	$71	73
135 Queen Anne Ln	0.35mi	3/2.0	1,248 (+4%)	5mo	$64,900	$52	72
667 Queen Cir	0.58mi	3/1.5	1,170 (-2%)	1mo	$124,900	$107	67
331 Queen Margaret Ln	0.11mi	3/1.5	1,027 (-14%)	7mo	$59,900	$58	63
506 Lowder Dr	0.33mi	3/1.5	1,318 (+10%)	4mo	$62,500	$47	62
346 Queen Theresa Ln	0.31mi	3/1.0	1,056 (-12%)	4mo	$64,600	$61	59
664 Queen Julianna Ln	0.55mi	4/1.5 (+1)	1,300 (+9%)	2mo	$65,000	$50	51
663 Queen Julianna Ln	0.55mi	3/1.5	1,042 (-13%)	2mo	$42,000	$40	49
5201 Andover Dr	0.64mi	3/1.0	1,082 (-10%)	6mo	$100,000	$92	46

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 50.2%
• Equity multiple: 4.75×
• Total profit: $73,308
• Equity at exit: $62,971

10-year hold

• IRR: 43.9%
• Equity multiple: 10.62×
• Total profit: $188,229
• Equity at exit: $135,800

Cash invested: $19,572 (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 39209

• Home prices YoY: 7.7%
• Active inventory: 165
• Price-to-rent: 4.4×

Monthly cashflow live

• Estimated rent: $1,316 medium
• Mortgage (P&I): −$367
• Tax from tax record: −$91 /mo · $1,090/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$276
• Net cashflow: $553

Break-even live

Break-even rent $616

Max offer price $69,900

Occupancy floor 53%

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: $17,475
• Closing costs: $2,097
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5629 Queen Mary Ln Jackson, MS	3.0	2.0	1272	$1,395	$1.10	13d	1	0.11mi
5301 Queen Mary Ln Jackson, MS	4.0	2.0	1100	$1,338	$1.22	13d	1	0.45mi

Listing history 15 events

1. 2026-06-03
   statusdays on market $69,900 Pending 65 DOM
2. 2026-06-02
   days on market $69,900 Active 64 DOM
3. 2026-06-01
   days on market $69,900 Active 63 DOM
4. 2026-05-31
   days on market $69,900 Active 62 DOM
5. 2026-05-30
   days on market $69,900 Active 61 DOM
6. 2026-05-08
   price $69,900 1351-char remark

   Show marketing remark (1351 chars)

   Incredible Opportunity on a beautiful .28 acre lot! Welcome to 5559 Queen Mary Lane, a charming 3-bedroom, 2-bathroom ranch that perfectly blends classic mid-century character with modern updates. This property stands out from the rest with its amazing .28-acre lot, offering an expansive private oasis in the heart of West Jackson--perfect for gardening, outdoor entertaining, or potential future expansion. Step inside to discover a freshly painted interior featuring durable ceramic and vinyl tile flooring throughout--no carpet here! The functional layout includes a spacious living area and an eat-in kitchen equipped with a range. The home's infrastructure has been well-maintained with central heating and air to ensure year-round comfort. Exterior highlights include a sought-after detached garage and additional covered carport parking, providing ample space for vehicles, a workshop, or extra storage. Located in a quiet, established subdivision within the Jackson Public School District, you are just minutes from the scenic Mynelle Gardens and the Jackson Zoo, with easy access to I-20 and the vibrant shopping and dining in nearby Clinton. Whether you're looking for a move-in ready starter home with plenty of elbow room or a high-performing addition to your investment portfolio, this Queen Mary gem is ready for its next chapter.

7. 2026-03-30
   listed $74,900 Active 1351-char remark

   Show marketing remark (1351 chars)

   Incredible Opportunity on a beautiful .28 acre lot! Welcome to 5559 Queen Mary Lane, a charming 3-bedroom, 2-bathroom ranch that perfectly blends classic mid-century character with modern updates. This property stands out from the rest with its amazing .28-acre lot, offering an expansive private oasis in the heart of West Jackson--perfect for gardening, outdoor entertaining, or potential future expansion. Step inside to discover a freshly painted interior featuring durable ceramic and vinyl tile flooring throughout--no carpet here! The functional layout includes a spacious living area and an eat-in kitchen equipped with a range. The home's infrastructure has been well-maintained with central heating and air to ensure year-round comfort. Exterior highlights include a sought-after detached garage and additional covered carport parking, providing ample space for vehicles, a workshop, or extra storage. Located in a quiet, established subdivision within the Jackson Public School District, you are just minutes from the scenic Mynelle Gardens and the Jackson Zoo, with easy access to I-20 and the vibrant shopping and dining in nearby Clinton. Whether you're looking for a move-in ready starter home with plenty of elbow room or a high-performing addition to your investment portfolio, this Queen Mary gem is ready for its next chapter.

8. 2021-10-02
   historical
9. 2013-09-16
   soldstatus
10. 2012-04-30
    soldstatus
11. 2012-02-10
    listed $9,900
12. 2008-10-28
    listed $50,000
13. 2006-09-06
    soldstatus
14. 1989-02-24
    soldstatus
15. 1984-04-26
    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: $1,090 · $91/mo
• Projected year-2 tax: $1,090 · $91/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 6/10 Major 7 d/yr ≥109°F today · 19 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% 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: $15,789
• − Mortgage interest: −$3,915
• − Property taxes: −$1,090
• − Insurance: −$350
• − Repairs & maintenance: −$1,263
• − Management: −$1,263
• − Depreciation: −$2,033
• Taxable income: $5,874
• Est. tax owed @ 24.0%: −$1,410
• After-tax cash flow: $5,225/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): 25,776
• Household income: $36,344
• Rent vs Own: 52.3% rent · 47.7% own
• Severe rent burden: 1627.0

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 (90%)
• Race & ethnicity: Black 90% White 7% Two or more races 2% Hispanic / Latino 1%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 2%

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: ▲ 22.28%
• Current HPI: 312.6754
• Rent YoY: —
• Metro: Jackson, MS
• State GDP YoY: —
• F500 in state: 0

Price history

+39.8% since first listed

10 events — show timeline

• 2026-05-08 Price Changed $69,900 MLSU
• 2026-03-30 Listed $74,900 MLSU
• 2021-10-02 Listing Removed — MLSU
• 2013-09-16 Sold (Public Records) — Public Records
• 2012-04-30 Sold (MLS) — MLSU
• 2012-02-10 Listed $9,900 MLSU
• 2008-10-28 Listed $50,000 MLSU
• 2006-09-06 Sold (Public Records) — Public Records
• 1989-02-24 Sold (Public Records) — Public Records
• 1984-04-26 Sold (Public Records) — Public Records

Property tax history

+1.3%/yr

Latest (2025): $1,090 · +3.1% YoY. Source: county tax records.