56 Stringer Rd · Bond, MS 39577

$155,000

3 bd · 1.0 ba · 1,136 sqft · SingleFamily public records · 33 Days on market

Built 1974 $136/sqft · 94% above area

---

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 +19.1/30.0
• ARV discount +7.5/15.0
• DSCR +6.0/10.0
• Schools +4.1/10.0
• 1% rule +4.0/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Here is your chance to enjoy country living in this cute brick home on approximately .8 acres just north of Wiggins! Located on a dead end road, 3 bedrooms, 1 bath and is a perfect starter home or great for retirement. Convenient to Hwy 49. Call to make your appointment today!

Key facts

• New a/c system
• Flat lot
• Brick home

Tags

• BRICK HOME
• UPDATED INTERIOR
• REFRESHED KITCHEN
• NEW ROOF
• NEW A/C SYSTEM
• FLAT LOT

Property features AI

Exterior

• Parking: Attached carport
• Utilities: Septic tank
• Home design: Single-family residence; One story
• Construction: Brick veneer exterior; Slab foundation
• Exterior features: Level lot

Interior

• Kitchen: Cooktop; Built-in electric oven
• Bathrooms: 1 full bathroom
• Heating & cooling: Central electric air conditioning
• Interior features: Cooktop; Built-in electric oven

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $155k.

Deal economics

• At list price, monthly cash flow is $166 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $140k (9.8% below list).
• Recommended offer: $140k (9.8% 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.
• Stone County School District (town): math 52% / reading 46% proficiency, ranked #15 of 130 in MS (top 12%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 70 active listings in the ZIP; 60 units permitted in Stone County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Stone County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 33 days — a 3% lower offer ($150k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 8y 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.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $139,826 (9.8% below list)

Questions for the listing agent

1. It's been on market 33 days. Have you received any prior offers? Is the seller open to a 10% concession, seller financing, or rate buy-down credit?
2. Built in 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 0.90% ✗
• Cap rate: 7.58%
• Cash-on-cash: 4.58%
• DSCR: 1.20
• GRM: 9.2

CMA / ARV

• ARV (median comp): $84,648
• List price: $155,000
• Delta: 83.11%
• Verdict: OVERPRICED
• Comps: 2 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
16 2nd St Bond	0.24mi	3/1.0	1,150 (+1%)	16mo	$32,500	$28	74

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: -9.2%
• Equity multiple: 0.66×
• Total profit: $-14,620
• Equity at exit: $23,111

10-year hold

• IRR: 0.2%
• Equity multiple: 1.01×
• Total profit: $618
• Equity at exit: $13,402

Cash invested: $43,400 (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 39577

• Home prices YoY: -30.1%
• Active inventory: 70
• Price-to-rent: 9.2×

Monthly cashflow live

• Estimated rent: $1,398 medium
• Mortgage (P&I): −$813
• Tax from tax record: −$61 /mo · $737/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$294
• Net cashflow: $166

Break-even live

Break-even rent $1,188

Max offer price $155,000

Occupancy floor 83%

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: $38,750
• Closing costs: $4,650
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-06-14
   status $155,000 Pending 33 DOM
2. 2026-06-13
   days on market $155,000 Active 33 DOM
3. 2026-06-12
   days on market $155,000 Active 32 DOM
4. 2026-06-09
   days on market $155,000 Active 29 DOM
5. 2026-06-08
   days on market $155,000 Active 28 DOM
6. 2026-06-07
   days on market $155,000 Active 27 DOM
7. 2026-06-07
   days on market $155,000 Active 26 DOM
8. 2026-06-04
   days on market $155,000 Active 23 DOM
9. 2026-06-02
   days on market $155,000 Active 22 DOM
10. 2026-06-01
    days on market $155,000 Active 21 DOM
11. 2026-05-31
    days on market $155,000 Active 20 DOM
12. 2026-05-02
    listed $155,000 Active 742-char remark
13. 2022-09-15
    soldstatus Closed 278-char remark

    Show marketing remark (278 chars)

    Here is your chance to enjoy country living in this cute brick home on approximately .8 acres just north of Wiggins! Located on a dead end road, 3 bedrooms, 1 bath and is a perfect starter home or great for retirement. Convenient to Hwy 49. Call to make your appointment today!

14. 2022-07-08
    status Pending 278-char remark

    Show marketing remark (278 chars)

    Here is your chance to enjoy country living in this cute brick home on approximately .8 acres just north of Wiggins! Located on a dead end road, 3 bedrooms, 1 bath and is a perfect starter home or great for retirement. Convenient to Hwy 49. Call to make your appointment today!

15. 2022-07-05
    listed $119,000 Active 278-char remark

    Show marketing remark (278 chars)

    Here is your chance to enjoy country living in this cute brick home on approximately .8 acres just north of Wiggins! Located on a dead end road, 3 bedrooms, 1 bath and is a perfect starter home or great for retirement. Convenient to Hwy 49. Call to make your appointment today!

16. 2022-01-07
    soldstatus Closed

    Show marketing remark (144 chars)

    3 Bedroom 1 Bath, Brick Rancher Home on .80 of An Acre. Single Carport. Located In Bond Community, North Stone County. More Photos Coming Soon.

17. 2021-12-05
    status Pending

    Show marketing remark (144 chars)

    3 Bedroom 1 Bath, Brick Rancher Home on .80 of An Acre. Single Carport. Located In Bond Community, North Stone County. More Photos Coming Soon.

18. 2021-12-01
    listed $90,000 Active

    Show marketing remark (144 chars)

    3 Bedroom 1 Bath, Brick Rancher Home on .80 of An Acre. Single Carport. Located In Bond Community, North Stone County. More Photos Coming Soon.

19. 2021-10-01
    historical
20. 2018-11-25
    listed $85,000

ⓘ 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: $737 · $61/mo
• Projected year-2 tax: $1,225 · $102/mo
• Expected delta: +$487/yr (+$41/mo · 66.0%)

ⓘ 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 6/10 Major
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°F today · 18 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 99% 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: $16,779
• − Mortgage interest: −$8,682
• − Property taxes: −$737
• − Insurance: −$775
• − Repairs & maintenance: −$1,342
• − Management: −$1,342
• − Depreciation: −$4,509
• Taxable loss: −$609
• Est. tax savings @ 24.0%: +$146
• After-tax cash flow: $2,135/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: Stone County School District
• NCES district ID: 2804170
• Math proficiency: 52% ▼ -8.00%
• Reading proficiency: 46% ▼ -7.00%
• Median HH income: $43,785
• Composite: 41.4/100
• National rank: #3476
• State rank: #15 of 130 in MS

Livability — Bond

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

Census & demographics

• Census place: Bond, MS
• Population (ZIP): 10,488

Population outlook (Stone County) Hauer SSP2

• Today (2025): 18,528 people
• By 2030: 18,585 · +0.3%
• By 2040: 18,429 · -0.5%
• By 2050: 17,825 · -3.8%
• By 2075: 16,095 · -13.1%
• By 2100: 14,276 · -22.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (67%)
• Race & ethnicity: White 67% Black 27% Two or more races 4% Hispanic / Latino 3%
• Common ancestry: Lithuanian 4% Serbian 1% Italian 1%
• Foreign-born: 1% · Canada
• Languages at home: 99% English-only · Spanish 1%

Political lean MEDSL · Stone

• 2024 margin: Solid R (+58.0) · D 20.5% · R 78.5% · Other 1.1%
• 2008→2024 swing: -14.5pp toward R · 2008: -43.5pp · 2024: -58.0pp
• All cycles: 2024: R+58.0 2020: R+52.8 2016: R+53.5 2012: R+45.9 2008: R+43.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -68.19%
• Current HPI: 158.2419
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

+82.4% since first listed

12 events — show timeline

• 2026-06-13 Pending — HAAR
• 2026-05-29 Relisted — HAAR
• 2026-05-20 Pending — HAAR
• 2026-05-02 Listed $155,000 HAAR
• 2022-09-15 Sold (MLS) — MLSU
• 2022-07-08 Pending — MLSU
• 2022-07-05 Listed $119,000 MLSU
• 2022-01-07 Sold (MLS) — MLSU
• 2021-12-05 Pending — MLSU
• 2021-12-01 Listed $90,000 MLSU
• 2021-10-01 Listing Removed — MLSU
• 2018-11-25 Listed $85,000 MLSU

Property tax history

+5.9%/yr

Latest (2025): $737 · +15.9% YoY. Source: county tax records.