6507 Lake Forest Dr · Jackson, MS 39213

$98,000

3 bd · 1.5 ba · 1,204 sqft · SingleFamily public records · 14 Days on market

Built 1980 Good condition 7,405 sqft lot $81/sqft · 6% below area Est $115k · 15% under

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Why this score? — see what drove the A- 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 +29.0/30.0
• ARV discount +14.1/15.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• 1% rule +7.3/10.0
• Condition / age +3.8/5.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Schools +0.9/10.0

Listing remarks MLS

Nice three bedroom, one and half bathroom home that has been completely remodeled with NO CARPET. Updates include, vinyl plank flooring, granite counters, new paint, new fixtures, and so much more! All bedrooms are spacious. Primary bedroom has a half bath. This would make a great investor property too. Convenient to schools, shopping and interstates. Call your favorite agent today and set up an appointment to view!

Key facts

• 7,405 sq ft lot
• Parking
• Built 1980

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $98k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $334 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $98k).

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: amenities F, employment F, health & safety 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.
• Zoned schools: Powell Middle School (math 3% / reading 6%, grade F, #177 of 179 statewide, top 99%, 320 students, 100% FRL); Callaway High School (math 3% / reading 10%, grade F, #191 of 197 statewide, top 97%, 923 students, 100% FRL).
• Market conditions: 132 active listings in the ZIP; 2 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).
• At $1,210/mo this rent would consume 49% of the median local household income ($30k/yr) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $10k of equity ($678 loan paydown + $10k 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 $27k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$37k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 18y 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: major wind risk, 78% 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 $98,000

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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.
4. 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.
5. 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: 1.23% ✓
• Cap rate: 10.38%
• Cash-on-cash: 14.61%
• DSCR: 1.65
• GRM: 6.7

CMA / ARV

• ARV (median comp): $114,794
• List price: $98,000
• Delta: -14.63%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6659 Lake Forest Dr Dr	0.19mi	3/2.0	1,152 (-4%)	17mo	$83,000	$72	68
6690 Glen Ridge Dr	0.29mi	3/2.0	1,113 (-8%)	8mo	$76,500	$69	65
939 Pine Lake Dr	0.97mi	3/1.5	1,208 (+0%)	3mo	$79,000	$65	62
958 Watkins Pl	1.00mi	3/2.0	1,316 (+9%)	1mo	$165,000	$125	47
947 Witsell Rd	1.00mi	3/2.0	1,300 (+8%)	6mo	$165,000	$127	45
958 Watkins Pl	1.00mi	3/2.0	1,316 (+9%)	8mo	$31,200	$24	41
338 Lake Of Pines Dr	0.83mi	3/2.0	1,400 (+16%)	12mo	$100,000	$71	28

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: 35.1%
• Equity multiple: 3.72×
• Total profit: $74,639
• Equity at exit: $88,286

10-year hold

• IRR: 30.2%
• Equity multiple: 8.40×
• Total profit: $203,032
• Equity at exit: $190,392

Cash invested: $27,440 (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 →

Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 3 active · 1 under contract
• Months of supply: 9.0 mo (11%/mo absorbed)
• Median asking: $69,900 ($71/sqft)
• Median days on market: 112 d
• This list price: 67% of active listings are priced below it
• ARV vs active asking: +35.0% above current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 39213

• Home prices YoY: 7.0%
• Active inventory: 132
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $1,210 medium
• Mortgage (P&I): −$514
• Tax from tax record: −$67 /mo · $803/yr
• Insurance: −$41
• HOA: −$0
• Vacancy / Maint / Mgmt: −$254
• Net cashflow: $334

Break-even live

Break-even rent $787

Max offer price $98,000

Occupancy floor 67%

Sensitivity live

Price	-10% $390	-5% $362	+0% $334	+5% $306	+10% $279
Rent	-10% $239	-5% $286	+0% $334	+5% $382	+10% $430
Rate	-1.0pp $383	-0.5pp $359	base $334	+0.5pp $309	+1.0pp $283

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: $24,500
• Closing costs: $2,940
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
963 Pine Lake Dr Jackson, MS	3.0	1.5	1196	$1,050	$0.88	139d	1	0.91mi
815 Berwood Dr Jackson, MS	3.0	2.0	1248	$1,300	$1.04	139d	1	1.20mi

Property features AI

Exterior

• Parking: Carport (1 space)Driveway parking
• Utilities: Public waterPublic sewerElectricity connectedWater connectedSewer connected
• Home design: Single family residence (house)One levelUpdated/remodeled
• Construction: Brick and siding constructionBrick/mortar and slab foundationBuilt (year from public records)
• Exterior features: Asphalt shingle roofLot approximately 0.17 acres

Interior

• Kitchen: Refrigerator included
• Bathrooms: 1 full bathroom1 half bathroom (total 1.5 bathrooms, 2 fixtures counted)
• Heating & cooling: Central heatingCentral air conditioning
• Interior features: Granite countersExhaust fan

Listing history 11 events

1. 2026-06-15
   days on market $98,000 Active 14 DOM
2. 2026-06-14
   days on market $98,000 Active 12 DOM
3. 2026-06-13
   days on market $98,000 Active 11 DOM
4. 2026-06-10
   days on market $98,000 Active 9 DOM
5. 2026-06-09
   days on market $98,000 Active 8 DOM
6. 2026-06-08
   days on market $98,000 Active 7 DOM
7. 2026-06-07
   days on market $98,000 Active 6 DOM
8. 2026-06-05
   days on market $98,000 Active 3 DOM
9. 2026-06-03
   days on market $98,000 Active 2 DOM
10. 2026-06-02
    remarks 669-char remark
11. 2026-06-02
    listed $98,000 Active 1 DOM

ⓘ 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: $803 · $67/mo
• Projected year-2 tax: $803 · $67/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 7/10 Severe 7 d/yr ≥108°F today · 20 d/yr by 30 yrs out
• 💨 Wind 7/10 Severe 78% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,519
• − Mortgage interest: −$5,490
• − Property taxes: −$803
• − Insurance: −$490
• − Repairs & maintenance: −$1,161
• − Management: −$1,161
• − Depreciation: −$2,851
• Taxable income: $2,562
• Est. tax owed @ 24.0%: −$615
• After-tax cash flow: $3,395/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 · 9 photos

Good 75/100 Cosmetic rehab Est. rehab $6,020–$18,060 screening

This well-maintained single-family home with updated interiors and curb appeal is ready for immediate rental or resale.

Value-add opportunities

• Both paint exterior — enhances curb appeal and value ↑
• Both landscaping — improves curb appeal and rental appeal ↑
• Rental HVAC maintenance — ensures comfort and energy efficiency ↑

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 9/100

Zoned Schools

Elementary North Jackson Elementary School F MS #270/375 Nat'l #36,039/41,679 Middle Powell Middle School F MS #177/179 Nat'l #13,906/14,009 High Callaway High School F MS #191/197 Nat'l #16,823/17,239

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

C Composite livability gradescore 68/100

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 · 242,528 people
• City population: 140,204
• Metro: Jackson, MS
• Population (ZIP): 18,691
• Household income: $29,541
• Rent vs Own: 52.7% rent · 47.3% own
• Severe rent burden: 11% of renters

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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%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (95%)
• Race & ethnicity: Black 95% White 2% Two or more races 1% Hispanic / Latino 1%
• Foreign-born: 0% · Canada
• Languages at home: 98% English-only · Spanish 2%

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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: ▲ 21.42%
• Current HPI: 329.1844
• Rent YoY: —
• Metro: Jackson, MS
• State GDP YoY: —
• F500 in state: 0

Property features AI

Exterior

• Parking: Carport (1 space)Driveway parking
• Utilities: Public waterPublic sewerElectricity connectedWater connectedSewer connected
• Home design: Single family residence (house)One levelUpdated/remodeled
• Construction: Brick and siding constructionBrick/mortar and slab foundationBuilt (year from public records)
• Exterior features: Asphalt shingle roofLot approximately 0.17 acres

Interior

• Kitchen: Refrigerator included
• Bathrooms: 1 full bathroom1 half bathroom (total 1.5 bathrooms, 2 fixtures counted)
• Heating & cooling: Central heatingCentral air conditioning
• Interior features: Granite countersExhaust fan

Price history

+345.5% since first listed

11 events — show timeline

• 2026-06-15 Listing Removed — MLSU
• 2026-06-01 Listed $98,000 MLSU
• 2023-11-16 Sold (MLS) — MLSU
• 2023-11-07 Sold (Public Records) — Public Records
• 2023-11-02 Pending — MLSU
• 2023-10-28 Price Changed $95,000 MLSU
• 2023-10-20 Listed $120,000 MLSU
• 2009-05-06 Sold (Public Records) — Public Records
• 2009-01-23 Sold (MLS) — MLSU
• 2008-12-24 Listed $22,000 MLSU
• 1980-07-11 Sold (Public Records) — Public Records

Property tax history

+1.0%/yr

Latest (2025): $803 · +2.0% YoY. Source: county tax records.