256 Chartleigh Cir · Gluckstadt, MS 39046

$287,400

3 bd · 2.0 ba · 1,578 sqft · SingleFamily · 146 Days on market

Built 2023 Good condition $182/sqft · 5% below area Est $303k · 5% under $22/mo HOA · 1% of rent

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Why this score? — see what drove the D 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 +10.4/30.0
• ARV discount +9.9/15.0
• Schools +4.8/10.0
• Condition / age +4.0/5.0
• 1% rule +3.2/10.0
• DSCR +3.0/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Only 2 years old and feels like new! This beautiful brick, single-story home in Yandell Farms features 3 bedrooms and 2 bathrooms with a bright, open-concept layout. The living room, dining area, and kitchen flow together seamlessly. Kitchen has a center island, granite countertops, stainless steel appliances, gas range, & built-in microwave. The spacious primary bedroom offers a tray ceiling, and the en-suite bath includes a walk-in shower, corner garden tub, double vanity, and walk-in closet. A full laundry room with sink and a 2-car garage with storage room add everyday convenience. Additional features include a gas fireplace, stained concrete floors, an installed alarm system, and a large, level front yard with a private backyard and covered back patio. Located in the Madison Crossing and Germantown school district, this home is meticulous and charming—schedule your showing today so you don't miss it.

Key facts

• Corner garden tub
• Stainless appliances
• Granite countertops

Tags

• BRICK ONE STORY
• OPEN CONCEPT LIVING ROOM
• KITCHEN WITH ISLAND
• GRANITE COUNTERTOPS
• STAINLESS APPLIANCES
• CORNER GARDEN TUB

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $287k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-155 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $265k (7.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $235k (18.4% below list).
• Recommended offer: $235k (18.4% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads: area grade D — affects rentability + tenant quality, not the cash-flow math above.
• Madison County School District (rural): math 54% / reading 54% proficiency, ranked #3 of 130 in MS (top 2%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 358 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 553 units permitted in Madison County in 2024 (0 in 5+ unit buildings).

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.
• Madison County population projected at +34% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 146 days — a 12% lower offer ($253k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 3y 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.

Recommended offer $234,626 (18.4% 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 146 days. Have you received any prior offers? Is the seller open to a 18% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 0.82% ✗
• Cap rate: 5.65%
• Cash-on-cash: -2.31%
• DSCR: 0.90
• GRM: 10.2

CMA / ARV

• ARV (median comp): $303,273
• List price: $287,400
• Delta: -5.23%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
260 Chartleigh Cir	0.00mi	3/2.0	1,576 (-0%)	5mo	$289,900	$184	96
266 Chartleigh Cir	0.00mi	3/2.0	1,506 (-5%)	0mo	$290,000	$193	92
103 Brunswick Cv	0.24mi	3/2.0	1,569 (-1%)	4mo	$279,900	$178	85
117 Bailey Cv	0.15mi	3/2.0	1,677 (+6%)	4mo	$299,999	$179	79
146 Allie Ln	0.29mi	4/2.0 (+1)	1,565 (-1%)	1mo	$282,500	$181	79
109 Allie Ln	0.40mi	3/2.0	1,552 (-2%)	2mo	$279,500	$180	77
107 Kings Xing	0.37mi	3/2.0	1,520 (-4%)	3mo	$265,000	$174	74
107 Highbury Cv	0.36mi	3/2.0	1,690 (+7%)	6mo	$249,900	$148	66
110 Bailey Cv	0.19mi	4/2.0 (+1)	1,776 (+12%)	1mo	$299,999	$169	65
104 Bridge Hollow Ln	0.60mi	3/2.0	1,672 (+6%)	4mo	$279,000	$167	59
712 Honeysuckle Loop	0.60mi	3/2.0	1,706 (+8%)	3mo	$314,900	$185	56
110 Bridge Park Dr	0.41mi	3/2.0	1,796 (+14%)	4mo	$285,000	$159	55

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

Projected returns pro-forma

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

5-year hold

• IRR: -20.1%
• Equity multiple: 0.30×
• Total profit: $-56,370
• Equity at exit: $42,852

10-year hold

• IRR: -13.1%
• Equity multiple: 0.23×
• Total profit: $-61,567
• Equity at exit: $24,849

Cash invested: $80,472 (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 39046

• Home prices YoY: -30.1%
• Active inventory: 358
• Price-to-rent: 10.2×

Monthly cashflow live

• Estimated rent: $2,346 medium
• Mortgage (P&I): −$1,507
• Tax est. 1.5%: −$359 /mo · $4,311/yr
• Insurance: −$120
• HOA: −$22
• Vacancy / Maint / Mgmt: −$493
• Net cashflow: $-155

Break-even live

Break-even rent $2,542

Max offer price $265,027

Occupancy floor —

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: $71,850
• Closing costs: $8,622
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
125 Trailbridge Crossing Canton, MS	3.0	2.0	1750	$2,500	$1.43	14d	1	0.75mi
104 Moss Crk Canton, MS	3.0	2.0	1428	$2,156	$1.51	44d	1	1.40mi
102 Moss Crk Canton, MS	3.0	2.0	1498	$2,253	$1.50	23d	1	1.42mi

HOA detail

• Monthly dues: $22 · $264/yr
• Likely covers: gas

Listing history 6 events

1. 2026-04-22
   price $287,400 931-char remark

   Show marketing remark (931 chars)

   Only 2 years old and feels like new! This beautiful brick, single-story home in Yandell Farms features 3 bedrooms and 2 bathrooms with a bright, open-concept layout. The living room, dining area, and kitchen flow together seamlessly. Kitchen has a center island, granite countertops, stainless steel appliances, gas range, & built-in microwave. The spacious primary bedroom offers a tray ceiling, and the en-suite bath includes a walk-in shower, corner garden tub, double vanity, and walk-in closet. A full laundry room with sink and a 2-car garage with storage room add everyday convenience. Additional features include a gas fireplace, stained concrete floors, an installed alarm system, and a large, level front yard with a private backyard and covered back patio. Located in the Madison Crossing and Germantown school district, this home is meticulous and charming—schedule your showing today so you don't miss it.

2. 2026-01-01
   listed $289,900 Active 931-char remark

   Show marketing remark (931 chars)

   Only 2 years old and feels like new! This beautiful brick, single-story home in Yandell Farms features 3 bedrooms and 2 bathrooms with a bright, open-concept layout. The living room, dining area, and kitchen flow together seamlessly. Kitchen has a center island, granite countertops, stainless steel appliances, gas range, & built-in microwave. The spacious primary bedroom offers a tray ceiling, and the en-suite bath includes a walk-in shower, corner garden tub, double vanity, and walk-in closet. A full laundry room with sink and a 2-car garage with storage room add everyday convenience. Additional features include a gas fireplace, stained concrete floors, an installed alarm system, and a large, level front yard with a private backyard and covered back patio. Located in the Madison Crossing and Germantown school district, this home is meticulous and charming—schedule your showing today so you don't miss it.

3. 2023-12-20
   soldstatus Closed 731-char remark

   Show marketing remark (731 chars)

   Come check the NEW construction homes in MADISON COUNTIES NEWEST DEVELOPMENT and only minutes from the Reservoir. And it is located in the GERMANTOWN SCHOOL DISTRICT. This is a 3/2 OPEN SPLIT PLAN sits on a lot with a nice back yard. It has a open kitchen with a bar. Kitchen also has granite counter tops and stainless steel GE appliances. This home has a nice size family room with brick gas log fireplace. The master bath has a tub, separate shower, and a large walk in closet. So don't miss out on this one. This home comes with a security system, sodded yard, gas log fireplace, and much more. Many other plans and lots to choose from so call a Realtor today to view all of them. These homes do qualify USDA loans ($0 down).

4. 2023-11-15
   status Pending 731-char remark

   Show marketing remark (731 chars)

   Come check the NEW construction homes in MADISON COUNTIES NEWEST DEVELOPMENT and only minutes from the Reservoir. And it is located in the GERMANTOWN SCHOOL DISTRICT. This is a 3/2 OPEN SPLIT PLAN sits on a lot with a nice back yard. It has a open kitchen with a bar. Kitchen also has granite counter tops and stainless steel GE appliances. This home has a nice size family room with brick gas log fireplace. The master bath has a tub, separate shower, and a large walk in closet. So don't miss out on this one. This home comes with a security system, sodded yard, gas log fireplace, and much more. Many other plans and lots to choose from so call a Realtor today to view all of them. These homes do qualify USDA loans ($0 down).

5. 2023-10-23
   price $283,900 731-char remark

   Show marketing remark (731 chars)

   Come check the NEW construction homes in MADISON COUNTIES NEWEST DEVELOPMENT and only minutes from the Reservoir. And it is located in the GERMANTOWN SCHOOL DISTRICT. This is a 3/2 OPEN SPLIT PLAN sits on a lot with a nice back yard. It has a open kitchen with a bar. Kitchen also has granite counter tops and stainless steel GE appliances. This home has a nice size family room with brick gas log fireplace. The master bath has a tub, separate shower, and a large walk in closet. So don't miss out on this one. This home comes with a security system, sodded yard, gas log fireplace, and much more. Many other plans and lots to choose from so call a Realtor today to view all of them. These homes do qualify USDA loans ($0 down).

6. 2023-09-06
   listed $284,700 Active 731-char remark

   Show marketing remark (731 chars)

   Come check the NEW construction homes in MADISON COUNTIES NEWEST DEVELOPMENT and only minutes from the Reservoir. And it is located in the GERMANTOWN SCHOOL DISTRICT. This is a 3/2 OPEN SPLIT PLAN sits on a lot with a nice back yard. It has a open kitchen with a bar. Kitchen also has granite counter tops and stainless steel GE appliances. This home has a nice size family room with brick gas log fireplace. The master bath has a tub, separate shower, and a large walk in closet. So don't miss out on this one. This home comes with a security system, sodded yard, gas log fireplace, and much more. Many other plans and lots to choose from so call a Realtor today to view all of them. These homes do qualify USDA loans ($0 down).

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $28,155
• − Mortgage interest: −$16,099
• − Property taxes: −$4,311
• − Insurance: −$1,437
• − Repairs & maintenance: −$2,252
• − Management: −$2,252
• − HOA: −$264
• − Depreciation: −$8,361
• Taxable loss: −$6,821
• Est. tax savings @ 24.0%: +$1,637
• After-tax cash flow: $-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.

Condition & rehab AI · 12 photos

Good 80/100 Cosmetic rehab

This 3-bedroom, 2-bathroom home is in good condition with a good condition score of 80. It has a good roof, exterior, and interior, and is move-in ready. The home has a good layout and modern finishes, making it a good investment opportunity.

Value-add opportunities

• Both Landscaping improvements — Enhances curb appeal and adds value for both resale and rental.
• Both Painting exterior and interior walls — Fresh paint can make the home look newer and more appealing to potential buyers or renters.

Renovation cost estimate screening

Value-add ROI direction

• Both Landscaping improvements — Enhances curb appeal and adds value for both resale and rental. ↑
• Both Painting exterior and interior walls — Fresh paint can make the home look newer and more appealing to potential buyers or renters. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Madison County School District
• NCES district ID: 2802790
• Math proficiency: 54% ▼ -7.00%
• Reading proficiency: 54% ▼ -7.00%
• Median HH income: $70,579
• Composite: 48.08/100
• National rank: #2188
• State rank: #3 of 130 in MS

Livability — Gluckstadt

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Population (ZIP): 29,160

Population outlook (Madison County) Hauer SSP2

• Today (2025): 122,509 people
• By 2030: 131,737 · +7.5%
• By 2040: 148,930 · +21.6%
• By 2050: 164,300 · +34.1%
• By 2075: 197,495 · +61.2%
• By 2100: 211,429 · +72.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority Black (63%)
• Race & ethnicity: Black 63% White 31% Hispanic / Latino 4% Two or more races 2%
• Common ancestry: Italian 2% Slovak 1% Serbian 1%
• Foreign-born: 2% · Canada, China
• Languages at home: 95% English-only · Spanish 4%

Political lean MEDSL · Madison

• 2024 margin: R (+17.3) · D 40.8% · R 58.0% · Other 1.2%
• 2008→2024 swing: -1.7pp toward R · 2008: -15.6pp · 2024: -17.3pp
• All cycles: 2024: R+17.3 2020: R+11.8 2016: R+16.1 2012: R+15.7 2008: R+15.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -66.50%
• Current HPI: 154.0441
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

+0.9% since first listed

6 events — show timeline

• 2026-04-22 Price Changed $287,400 MLSU
• 2026-01-01 Listed $289,900 MLSU
• 2023-12-20 Sold (MLS) — MLSU
• 2023-11-15 Pending — MLSU
• 2023-10-23 Price Changed $283,900 MLSU
• 2023-09-06 Listed $284,700 MLSU