4238 Sagamore St · Jackson, MS 39209

$49,000

4 bd · 2.0 ba · 900 sqft · SingleFamily public records · 95 Days on market

Built 1950 7,405 sqft lot $54/sqft · 138% above area

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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
• ARV discount +7.5/15.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.1/10.0

Listing remarks MLS

***SELLER IS MOTIVATED*** Spacious 4-bedroom, 2-bath home offering plenty of room and flexibility for a variety of buyers. This property features a functional layout with a comfortable living area, a well-sized kitchen, and generously sized bedrooms. The covered carport provides convenient parking, while the large backyard offers plenty of space for outdoor activities, entertaining, or future improvements. Great opportunity for investors looking for a solid rental property or for an owner-occupant seeking an affordable home with room to grow.

Key facts

• Well-sized kitchen
• Covered carport
• Large backyard

Tags

• FUNCTIONAL LAYOUT
• COMFORTABLE LIVING AREA
• WELL-SIZED KITCHEN
• COVERED CARPORT
• LARGE BACKYARD

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $49k.

Deal economics

• At list price, monthly cash flow is $673 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $49k).
• Recommended offer: $45k (9.0% below list) — sets the bar for market timing.
• Cap rate 22.8% 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; 1 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 42% 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 $5k of equity ($339 loan paydown + $5k 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 $14k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 6, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 95 days — a 9% lower offer ($45k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 80% chance of damaging wind over 30y; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $44,590 (9.0% below list)

Questions for the listing agent

1. It's been on market 95 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 1950 — 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: 2.60% ✓
• Cap rate: 22.77%
• Cash-on-cash: 58.83%
• DSCR: 3.62
• GRM: 3.2

CMA / ARV

• ARV (median comp): $32,088
• List price: $49,000
• Delta: 52.71%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4309 Sagamore St	0.07mi	3/1.0 (-1)	1,025 (+14%)	23mo	$15,000	$15	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: 71.2%
• Equity multiple: 6.07×
• Total profit: $69,542
• Equity at exit: $44,143

10-year hold

• IRR: 65.0%
• Equity multiple: 13.47×
• Total profit: $171,132
• Equity at exit: $95,196

Cash invested: $13,720 (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: 3.2×

Monthly cashflow live

• Estimated rent: $1,273 medium
• Mortgage (P&I): −$257
• Tax from tax record: −$56 /mo · $670/yr
• Insurance: −$20
• HOA: −$0
• Vacancy / Maint / Mgmt: −$267
• Net cashflow: $673

Break-even live

Break-even rent $422

Max offer price $49,000

Occupancy floor 42%

Sensitivity live

Price	-10% $700	-5% $686	+0% $673	+5% $659	+10% $645
Rent	-10% $572	-5% $622	+0% $673	+5% $723	+10% $773
Rate	-1.0pp $697	-0.5pp $685	base $673	+0.5pp $660	+1.0pp $647

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: $12,250
• Closing costs: $1,470
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3625 Liberty St Jackson, MS	3.0	1.0	1056	$1,190	$1.13	14d	1	1.08mi

Listing history 19 events

1. 2026-06-18
   days on market $49,000 Active 95 DOM
2. 2026-06-17
   days on market $49,000 Active 94 DOM
3. 2026-06-16
   days on market $49,000 Active 93 DOM
4. 2026-06-15
   days on market $49,000 Active 92 DOM
5. 2026-06-14
   days on market $49,000 Active 90 DOM
6. 2026-06-13
   days on market $49,000 Active 89 DOM
7. 2026-06-10
   days on market $49,000 Active 87 DOM
8. 2026-06-09
   days on market $49,000 Active 86 DOM
9. 2026-06-08
   days on market $49,000 Active 85 DOM
10. 2026-06-07
    days on market $49,000 Active 84 DOM
11. 2026-06-05
    days on market $49,000 Active 81 DOM
12. 2026-06-03
    days on market $49,000 Active 80 DOM
13. 2026-06-02
    days on market $49,000 Active 79 DOM
14. 2026-06-01
    days on market $49,000 Active 78 DOM
15. 2026-05-31
    days on market $49,000 Active 77 DOM
16. 2026-05-30
    days on market $49,000 Active 76 DOM
17. 2026-03-13
    listed $49,000 Active 552-char remark

    Show marketing remark (552 chars)

    ***SELLER IS MOTIVATED*** Spacious 4-bedroom, 2-bath home offering plenty of room and flexibility for a variety of buyers. This property features a functional layout with a comfortable living area, a well-sized kitchen, and generously sized bedrooms. The covered carport provides convenient parking, while the large backyard offers plenty of space for outdoor activities, entertaining, or future improvements. Great opportunity for investors looking for a solid rental property or for an owner-occupant seeking an affordable home with room to grow.

18. 2001-03-20
    soldstatus
19. 1977-10-28
    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: $670 · $56/mo
• Projected year-2 tax: $670 · $56/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 7/10 Severe 7 d/yr ≥109°F today · 18 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: $15,278
• − Mortgage interest: −$2,745
• − Property taxes: −$670
• − Insurance: −$245
• − Repairs & maintenance: −$1,222
• − Management: −$1,222
• − Depreciation: −$1,425
• Taxable income: $7,749
• Est. tax owed @ 24.0%: −$1,860
• After-tax cash flow: $6,212/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

3 events — show timeline

• 2026-03-13 Listed $49,000 MLSU
• 2001-03-20 Sold (Public Records) — Public Records
• 1977-10-28 Sold (Public Records) — Public Records

Property tax history

+0.3%/yr

Latest (2025): $670 · +0.3% YoY. Source: county tax records.