27 Clairmont Cir · Laurel, MS 39440

$94,900

3 bd · 1.0 ba · 1,340 sqft · SingleFamily public records · 119 Days on market

Built 1978 0.26 ac lot $71/sqft · 47% below area Est $179k · 47% 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• 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

This 3-bedroom, 2-bath home features a fireplace in the living room, perfect for relaxing evenings at home. The backyard offers plenty of room to enjoy outdoor time with family, and the back deck is perfect for gatherings, grilling, or relaxing outdoors. Schedule your showing today!

Key facts

• Backyard
• Back deck
• 0.26 acre lot

Tags

• FIREPLACE IN LIVING ROOM
• BACKYARD
• BACK DECK

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $95k.

Deal economics

• At list price, monthly cash flow is $764 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $95k).
• Recommended offer: $86k (9.0% 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 $656 of loan paydown is wiped out by about $3k 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 $27k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 119 days — a 9% lower offer ($86k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 13y ago; this cycle's ask has dropped $15k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $48k; list at $95k implies a 98% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: 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 $86,359 (9.0% below list)

Questions for the listing agent

1. It's been on market 119 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1978 — 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 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?
6. 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?
7. 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.
8. 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.
9. 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: 1.86% ✓
• Cap rate: 15.95%
• Cash-on-cash: 34.50%
• DSCR: 2.53
• GRM: 4.5

CMA / ARV

• ARV (median comp): $179,000
• List price: $94,900
• Delta: -46.98%
• 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: 29.9%
• Equity multiple: 2.25×
• Total profit: $33,285
• Equity at exit: $14,150

10-year hold

• IRR: 37.2%
• Equity multiple: 4.45×
• Total profit: $91,671
• Equity at exit: $8,205

Cash invested: $26,572 (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 39440

• Active inventory: 134
• Price-to-rent: 4.5×

Monthly cashflow live

• Estimated rent: $1,761 medium
• Mortgage (P&I): −$498
• Tax from tax record: −$90 /mo · $1,081/yr
• Insurance: −$40
• HOA: −$0
• Vacancy / Maint / Mgmt: −$370
• Net cashflow: $764

Break-even live

Break-even rent $794

Max offer price $94,900

Occupancy floor 52%

Sensitivity live

Price	-10% $818	-5% $791	+0% $764	+5% $737	+10% $710
Rent	-10% $625	-5% $694	+0% $764	+5% $833	+10% $903
Rate	-1.0pp $812	-0.5pp $788	base $764	+0.5pp $739	+1.0pp $714

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: $23,725
• Closing costs: $2,847
• 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	$1,761	$1.72	16d	3	0.32mi

Listing history 32 events

1. 2026-06-22
   days on market $94,900 Active 119 DOM
2. 2026-06-21
   days on market $94,900 Active 118 DOM
3. 2026-06-21
   days on market $94,900 Active 117 DOM
4. 2026-06-18
   days on market $94,900 Active 115 DOM
5. 2026-06-17
   days on market $94,900 Active 114 DOM
6. 2026-06-16
   days on market $94,900 Active 113 DOM
7. 2026-06-15
   days on market $94,900 Active 112 DOM
8. 2026-06-13
   days on market $94,900 Active 110 DOM
9. 2026-06-12
   days on market $94,900 Active 109 DOM
10. 2026-06-09
    days on market $94,900 Active 106 DOM
11. 2026-06-08
    days on market $94,900 Active 105 DOM
12. 2026-06-07
    days on market $94,900 Active 104 DOM
13. 2026-06-05
    days on market $94,900 Active 102 DOM
14. 2026-06-04
    days on market $94,900 Active 100 DOM
15. 2026-06-02
    days on market $94,900 Active 99 DOM
16. 2026-06-01
    days on market $94,900 Active 98 DOM
17. 2026-05-31
    days on market $94,900 Active 97 DOM
18. 2026-04-24
    price $99,900 283-char remark

    Show marketing remark (283 chars)

    This 3-bedroom, 2-bath home features a fireplace in the living room, perfect for relaxing evenings at home. The backyard offers plenty of room to enjoy outdoor time with family, and the back deck is perfect for gatherings, grilling, or relaxing outdoors. Schedule your showing today!

19. 2026-03-23
    price $104,900 283-char remark

    Show marketing remark (283 chars)

    This 3-bedroom, 2-bath home features a fireplace in the living room, perfect for relaxing evenings at home. The backyard offers plenty of room to enjoy outdoor time with family, and the back deck is perfect for gatherings, grilling, or relaxing outdoors. Schedule your showing today!

20. 2026-02-23
    listed $109,900 Active 283-char remark

    Show marketing remark (283 chars)

    This 3-bedroom, 2-bath home features a fireplace in the living room, perfect for relaxing evenings at home. The backyard offers plenty of room to enjoy outdoor time with family, and the back deck is perfect for gatherings, grilling, or relaxing outdoors. Schedule your showing today!

21. 2025-08-20
    price $119,000
22. 2025-07-31
    listed $125,000 Active
23. 2023-02-23
    soldstatus
24. 2020-08-25
    soldstatus
25. 2020-03-06
    listed $110,000
26. 2020-01-30
    listed $110,000
27. 2014-01-13
    soldstatus $48,000
28. 2014-01-09
    soldstatus
29. 2014-01-09
    soldstatus
30. 2013-03-18
    listed $79,500
31. 2013-03-18
    listed $79,500
32. 2005-10-26
    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: $1,081 · $90/mo
• Projected year-2 tax: $1,081 · $90/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 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: $21,132
• − Mortgage interest: −$5,316
• − Property taxes: −$1,081
• − Insurance: −$474
• − Repairs & maintenance: −$1,691
• − Management: −$1,691
• − Depreciation: −$2,761
• Taxable income: $8,119
• Est. tax owed @ 24.0%: −$1,949
• After-tax cash flow: $7,218/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

+25.7% since first listed

15 events — show timeline

• 2026-04-24 Price Changed $99,900 MLSU
• 2026-03-23 Price Changed $104,900 MLSU
• 2026-02-23 Listed $109,900 MLSU
• 2025-08-20 Price Changed $119,000 HAAR
• 2025-07-31 Listed $125,000 HAAR
• 2023-02-23 Sold (MLS) — HAAR
• 2020-08-25 Sold (MLS) — LBOR
• 2020-03-06 Listed $110,000 HAAR
• 2020-01-30 Listed $110,000 LBOR
• 2014-01-13 Sold (Public Records) $48,000 Public Records
• 2014-01-09 Sold (MLS) — HAAR
• 2014-01-09 Sold (MLS) — LBOR
• 2013-03-18 Listed $79,500 HAAR
• 2013-03-18 Listed $79,500 LBOR
• 2005-10-26 Sold (Public Records) — Public Records

Property tax history

-4.9%/yr

Latest (2025): $1,081 · +7.0% YoY. Source: county tax records.