7340 Roundtable Dr · Southaven, MS 38671

$299,500

4 bd · 2.0 ba · 1,049 sqft · SingleFamily public records · 114 Days on market

Built 1999 9,147 sqft lot $286/sqft · 74% above area Est $304k · at est. ↓ 5% since listing

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Why this score? — see what drove the F 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).

• ARV discount +8.2/15.0
• Cash flow +7.2/30.0
• Schools +4.0/10.0
• Rent growth +3.3/5.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• DSCR +1.3/10.0
• 1% rule +0.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Spacious 5 bedroom, 2 bath home with a versatile bonus room that can easily serve as a fourth bedroom, office, or playroom. Fresh updates include brand new carpet and paint throughout, giving the home a clean, modern feel. Both bathrooms and the kitchen feature new quartz countertops paired with stainless steel appliances. Enjoy cozy evenings by the fireplace and plenty of room to entertain in the spacious backyard. Conveniently located near shopping and dining, this move-in ready home is ready for its next owner!

Key facts

• Spacious backyard
• Bonus room
• Conveniently located

Tags

• BONUS ROOM
• NEW QUARTZ COUNTERTOPS
• STAINLESS STEEL APPLIANCES
• FIREPLACE
• SPACIOUS BACKYARD
• CONVENIENTLY LOCATED

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $300k.

Deal economics

• At list price, monthly cash flow is $-419 ($-5k/yr) — negative.
• To cash-flow at today's rent, offer at most $225k (24.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $178k (40.5% below list).
• Recommended offer: $178k (40.5% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 65/100 on livability (#107 in MS) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools D+, amenities F, commute F.
• Desoto County School District (suburban): math 48% / reading 42% proficiency, ranked #20 of 130 in MS (top 15%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+3.2%/yr); 196 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals at typical pace (median 16d on market — plan ~3-4 weeks tenant-placement turnaround); 1,155 units permitted in DeSoto County in 2024 (0 in 5+ unit buildings).
• This rent runs 35% of the median local income ($62k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.
• DeSoto County population projected at +33% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 114 days — a 9% lower offer ($273k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask is 13211% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $178,092 (40.5% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 114 days. Have you received any prior offers? Is the seller open to a 41% concession, seller financing, or rate buy-down credit?
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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.59% ✗
• Cap rate: 4.61%
• Cash-on-cash: -6.00%
• DSCR: 0.73
• GRM: 14.0

CMA / ARV

• ARV (median comp): $304,120
• List price: $299,500
• Delta: -1.52%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 3.2% rent growth · sell at horizon

5-year hold

• IRR: -26.5%
• Equity multiple: 0.11×
• Total profit: $-74,979
• Equity at exit: $44,656

10-year hold

• IRR: -23.3%
• Equity multiple: -0.18×
• Total profit: $-98,670
• Equity at exit: $25,895

Cash invested: $83,860 (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 38671

• Home prices YoY: -18.2%
• Rents YoY: 3.2%
• Active inventory: 196
• Price-to-rent: 14.0×

Monthly cashflow live

• Estimated rent: $1,781 high
• Mortgage (P&I): −$1,571
• Tax from tax record: −$130 /mo · $1,566/yr
• Insurance: −$125
• HOA: −$0
• Vacancy / Maint / Mgmt: −$374
• Net cashflow: $-419

Break-even live

Break-even rent $2,311

Max offer price $225,490

Occupancy floor —

Sensitivity live

Price	-10% $-249	-5% $-334	+0% $-419	+5% $-504	+10% $-588
Rent	-10% $-560	-5% $-489	+0% $-419	+5% $-349	+10% $-278
Rate	-1.0pp $-268	-0.5pp $-343	base $-419	+0.5pp $-497	+1.0pp $-576

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: $74,875
• Closing costs: $8,985
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1104 Atterbury Cir S Southaven, MS	3.0	2.0	1366	$1,660	$1.22	45d	1	0.35mi
1688 Sarah Ann Dr W Southaven, MS	3.0	2.0	1430	$1,695	$1.19	21d	1	0.66mi
7896 Nature Walk Dr Southaven, MS	3.0	2.0	1428	$1,705	$1.19	16d	1	0.67mi
7654 Stonycreek Cv Southaven, MS	3.0	2.0	1293	$1,650	$1.28	22d	1	0.73mi
8035 Park Pike Dr Southaven, MS	3.0	2.0	1340	$1,695	$1.26	4d	1	0.75mi
8274 Park Pike Dr Southaven, MS	3.0	2.0	1365	$1,765	$1.29	3d	1	0.99mi
330 Avery Jordan Cv Southaven, MS	3.0	2.0	1221	$1,605	$1.31	5d	1	1.11mi
371 Alex Cv Southaven, MS	3.0	2.0	1300	$1,595	$1.23	3d	1	1.11mi
875 Hackberry Dr Southaven, MS	3.0	2.0	1283	$1,525	$1.19	22d	1	1.23mi
863 Hackberry Dr Southaven, MS	3.0	2.0	1500	$1,665	$1.11	4d	1	1.23mi
970 Millcreek Pl Southaven, MS	3.0	2.0	1253	$1,550	$1.24	16d	1	1.27mi
7711 Iris Cv Southaven, MS	3.0	2.0	1284	$1,710	$1.33	4d	1	1.34mi
8375 Old Forge Rd Southaven, MS	3.0	2.0	1080	$1,295	$1.20	5d	1	1.37mi
845 Rockwall Cv Southaven, MS	3.0	1.5	1229	$1,450	$1.18	45d	1	1.41mi

Listing history 22 events

1. 2026-06-21
   days on market $299,500 Active 114 DOM
2. 2026-06-18
   days on market $299,500 Active 111 DOM
3. 2026-06-17
   days on market $299,500 Active 110 DOM
4. 2026-06-16
   days on market $299,500 Active 109 DOM
5. 2026-06-15
   days on market $299,500 Active 108 DOM
6. 2026-06-13
   days on market $299,500 Active 106 DOM
7. 2026-06-10
   days on market $299,500 Active 103 DOM
8. 2026-06-09
   days on market $299,500 Active 102 DOM
9. 2026-06-08
   days on market $299,500 Active 101 DOM
10. 2026-06-07
    days on market $299,500 Active 100 DOM
11. 2026-06-03
    days on market $299,500 Active 96 DOM
12. 2026-06-02
    days on market $299,500 Active 95 DOM
13. 2026-06-01
    days on market $299,500 Active 94 DOM
14. 2026-05-31
    days on market $299,500 Active 93 DOM
15. 2026-05-06
    price $299,500 519-char remark

    Show marketing remark (519 chars)

    Spacious 5 bedroom, 2 bath home with a versatile bonus room that can easily serve as a fourth bedroom, office, or playroom. Fresh updates include brand new carpet and paint throughout, giving the home a clean, modern feel. Both bathrooms and the kitchen feature new quartz countertops paired with stainless steel appliances. Enjoy cozy evenings by the fireplace and plenty of room to entertain in the spacious backyard. Conveniently located near shopping and dining, this move-in ready home is ready for its next owner!

16. 2026-04-24
    listed $2,250
17. 2026-04-18
    price $304,000 519-char remark

    Show marketing remark (519 chars)

    Spacious 5 bedroom, 2 bath home with a versatile bonus room that can easily serve as a fourth bedroom, office, or playroom. Fresh updates include brand new carpet and paint throughout, giving the home a clean, modern feel. Both bathrooms and the kitchen feature new quartz countertops paired with stainless steel appliances. Enjoy cozy evenings by the fireplace and plenty of room to entertain in the spacious backyard. Conveniently located near shopping and dining, this move-in ready home is ready for its next owner!

18. 2026-03-12
    price $304,500 519-char remark

    Show marketing remark (519 chars)

    Spacious 5 bedroom, 2 bath home with a versatile bonus room that can easily serve as a fourth bedroom, office, or playroom. Fresh updates include brand new carpet and paint throughout, giving the home a clean, modern feel. Both bathrooms and the kitchen feature new quartz countertops paired with stainless steel appliances. Enjoy cozy evenings by the fireplace and plenty of room to entertain in the spacious backyard. Conveniently located near shopping and dining, this move-in ready home is ready for its next owner!

19. 2026-03-05
    price $309,500 519-char remark

    Show marketing remark (519 chars)

    Spacious 5 bedroom, 2 bath home with a versatile bonus room that can easily serve as a fourth bedroom, office, or playroom. Fresh updates include brand new carpet and paint throughout, giving the home a clean, modern feel. Both bathrooms and the kitchen feature new quartz countertops paired with stainless steel appliances. Enjoy cozy evenings by the fireplace and plenty of room to entertain in the spacious backyard. Conveniently located near shopping and dining, this move-in ready home is ready for its next owner!

20. 2026-02-27
    listed $314,500 Active 519-char remark

    Show marketing remark (519 chars)

    Spacious 5 bedroom, 2 bath home with a versatile bonus room that can easily serve as a fourth bedroom, office, or playroom. Fresh updates include brand new carpet and paint throughout, giving the home a clean, modern feel. Both bathrooms and the kitchen feature new quartz countertops paired with stainless steel appliances. Enjoy cozy evenings by the fireplace and plenty of room to entertain in the spacious backyard. Conveniently located near shopping and dining, this move-in ready home is ready for its next owner!

21. 2025-12-16
    soldstatus
22. 1999-07-20
    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: $1,566 · $130/mo
• Projected year-2 tax: $2,366 · $197/mo
• Expected delta: +$800/yr (+$67/mo · 51.1%)

ⓘ 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 6/10 Major 7 d/yr ≥109°F today · 21 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 19% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,371
• − Mortgage interest: −$16,777
• − Property taxes: −$1,566
• − Insurance: −$1,498
• − Repairs & maintenance: −$1,710
• − Management: −$1,710
• − Depreciation: −$8,713
• Taxable loss: −$10,601
• Est. tax savings @ 24.0%: +$2,544
• After-tax cash flow: $-2,483/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: Desoto County School District
• NCES district ID: 2801320
• Math proficiency: 48% ▼ -13.00%
• Reading proficiency: 42% ▼ -6.00%
• Median HH income: $59,272
• Composite: 39.56/100
• National rank: #3933
• State rank: #20 of 130 in MS

Livability — Southaven

• Score: 65/100
• State rank: #107
• US rank: #12584

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Southaven, MS
• County: DeSoto County · 176,513 people
• City population: 53,755
• Metro: Memphis, TN-MS-AR
• Population (ZIP): 37,319
• Household income: $61,843
• Rent vs Own: 35.5% rent · 64.5% own
• Severe rent burden: 1583.0

Population outlook (DeSoto County) Hauer SSP2

• Today (2025): 203,338 people
• By 2030: 217,692 · +7.1%
• By 2040: 245,320 · +20.6%
• By 2050: 270,133 · +32.8%
• By 2075: 323,341 · +59.0%
• By 2100: 348,742 · +71.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.58)
• Race & ethnicity: White 49% Black 42% Hispanic / Latino 6% Two or more races 4%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Italian 1% Lithuanian 1% Serbian 1%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 4%

Political lean MEDSL · DeSoto

• 2024 margin: Strong R (+24.1) · D 36.7% · R 60.8% · Other 2.5%
• 2008→2024 swing: +14.2pp toward D · 2008: -38.2pp · 2024: -24.1pp
• All cycles: 2024: R+24.1 2020: R+23.9 2016: R+34.8 2012: R+33.5 2008: R+38.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -49.08%
• Current HPI: 220.7875
• Rent YoY: ▲ 3.20%
• Metro: Memphis, TN-MS-AR
• State GDP YoY: —
• F500 in state: 0

Price history

-4.8% since first listed

8 events — show timeline

• 2026-05-06 Price Changed $299,500 MLSU
• 2026-04-24 Listed for Rent $2,250 BUILDIUM
• 2026-04-18 Price Changed $304,000 MLSU
• 2026-03-12 Price Changed $304,500 MLSU
• 2026-03-05 Price Changed $309,500 MLSU
• 2026-02-27 Listed $314,500 MLSU
• 2025-12-16 Sold (Public Records) — Public Records
• 1999-07-20 Sold (Public Records) — Public Records

Property tax history

+2.6%/yr

Latest (2025): $1,566 · +18.5% YoY. Source: county tax records.