4543 CR 200 · Farmington, MS 38834

$79,999

3 bd · 1.0 ba · 1,133 sqft · SingleFamily public records · 623 Days on market

Built 1968 0.89 ac lot $71/sqft · 9% below area Est $110k · 28% under ↓ 20% since listing

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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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +3.6/10.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Nestled in the serene countryside just five minutes from Alcorn Central High School and a short drive to Corinth, MS, this charming 3-bedroom, 1-bath home is a hidden gem waiting to be discovered. Set on a peaceful .89-acre lot, the property offers a tranquil escape down a winding county road, where the only sounds you'll hear are the whispers of the wind through the trees. The home features a spacious metal-fenced backyard, perfect for both privacy and play, and a detached shop, ideal for hobbies, storage, or projects. With a welcoming atmosphere and a quiet country setting, this property is priced to sell, making it an incredible opportunity for those seeking a blend of convenience and calm. Don't miss your chance to own this country retreat, where comfort and tranquility meet.

Key facts

• 0.89 acre lot
• Built 1968
• Listed 623 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $80k.

Deal economics

• At list price, monthly cash flow is $494 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $80k).
• Recommended offer: $70k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 59/100 on livability (#234 in MS) — a working-class tenant base; expect higher turnover. Strengths: crime A+, cost of living A+, housing A+; Watch: employment D+, schools F, amenities F.
• Alcorn School District (rural): math 45% / reading 42% proficiency, ranked #33 of 130 in MS (top 25%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 192 active listings in the ZIP; 13 units permitted in Alcorn County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $553 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Alcorn County population projected at +3% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $22k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 623 days — a 12% lower offer ($70k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 2y 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 wildfire risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $70,399 (12.0% below list)

Questions for the listing agent

1. It's been on market 623 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1968 — 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: 1.53% ✓
• Cap rate: 13.70%
• Cash-on-cash: 26.46%
• DSCR: 2.18
• GRM: 5.5

CMA / ARV

• ARV (median comp): $110,346
• List price: $79,999
• Delta: -27.50%
• Verdict: UNDERPRICED
• Comps: 3 within 2.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 20.2%
• Equity multiple: 1.82×
• Total profit: $18,462
• Equity at exit: $11,928

10-year hold

• IRR: 28.4%
• Equity multiple: 3.52×
• Total profit: $56,456
• Equity at exit: $6,917

Cash invested: $22,400 (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 38834

• Active inventory: 192
• Price-to-rent: 5.5×

Monthly cashflow live

• Estimated rent: $1,223 medium
• Mortgage (P&I): −$420
• Tax from tax record: −$20 /mo · $234/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$257
• Net cashflow: $494

Break-even live

Break-even rent $598

Max offer price $79,999

Occupancy floor 55%

Sensitivity live

Price	-10% $539	-5% $517	+0% $494	+5% $471	+10% $449
Rent	-10% $397	-5% $446	+0% $494	+5% $542	+10% $591
Rate	-1.0pp $534	-0.5pp $514	base $494	+0.5pp $473	+1.0pp $452

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: $20,000
• Closing costs: $2,400
• Reserves months: —
• Total cash needed: —

Listing history 30 events

1. 2026-06-21
   days on market $79,999 Active 623 DOM
2. 2026-06-18
   days on market $79,999 Active 621 DOM
3. 2026-06-17
   days on market $79,999 Active 620 DOM
4. 2026-06-16
   days on market $79,999 Active 619 DOM
5. 2026-06-15
   days on market $79,999 Active 618 DOM
6. 2026-06-13
   days on market $79,999 Active 616 DOM
7. 2026-06-12
   days on market $79,999 Active 615 DOM
8. 2026-06-09
   days on market $79,999 Active 612 DOM
9. 2026-06-08
   days on market $79,999 Active 611 DOM
10. 2026-06-07
    days on market $79,999 Active 610 DOM
11. 2026-06-07
    days on market $79,999 Active 609 DOM
12. 2026-06-04
    days on market $79,999 Active 606 DOM
13. 2026-05-31
    days on market $79,999 Active 605 DOM
14. 2026-01-15
    historical 790-char remark

    Show marketing remark (790 chars)

    Nestled in the serene countryside just five minutes from Alcorn Central High School and a short drive to Corinth, MS, this charming 3-bedroom, 1-bath home is a hidden gem waiting to be discovered. Set on a peaceful .89-acre lot, the property offers a tranquil escape down a winding county road, where the only sounds you'll hear are the whispers of the wind through the trees. The home features a spacious metal-fenced backyard, perfect for both privacy and play, and a detached shop, ideal for hobbies, storage, or projects. With a welcoming atmosphere and a quiet country setting, this property is priced to sell, making it an incredible opportunity for those seeking a blend of convenience and calm. Don't miss your chance to own this country retreat, where comfort and tranquility meet.

15. 2026-01-15
    listed $79,999 790-char remark

    Show marketing remark (790 chars)

    Nestled in the serene countryside just five minutes from Alcorn Central High School and a short drive to Corinth, MS, this charming 3-bedroom, 1-bath home is a hidden gem waiting to be discovered. Set on a peaceful .89-acre lot, the property offers a tranquil escape down a winding county road, where the only sounds you'll hear are the whispers of the wind through the trees. The home features a spacious metal-fenced backyard, perfect for both privacy and play, and a detached shop, ideal for hobbies, storage, or projects. With a welcoming atmosphere and a quiet country setting, this property is priced to sell, making it an incredible opportunity for those seeking a blend of convenience and calm. Don't miss your chance to own this country retreat, where comfort and tranquility meet.

16. 2025-09-26
    price $79,999
17. 2025-09-19
    status Active
18. 2025-09-19
    price $79,999
19. 2025-03-09
    historical
20. 2025-02-24
    price $89,999
21. 2025-02-24
    price $89,999
22. 2025-02-24
    price $89,999
23. 2025-01-20
    price $94,999
24. 2025-01-13
    price $94,999
25. 2025-01-13
    price $94,999
26. 2024-12-21
    price $99,999
27. 2024-12-03
    price $99,999
28. 2024-09-09
    listed $111,999 Active
29. 2024-09-09
    listed $99,999 Active
30. 2005-12-30
    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: $234 · $20/mo
• Projected year-2 tax: $632 · $53/mo
• Expected delta: +$398/yr (+$33/mo · 169.7%)

ⓘ 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 5/10 Major 7 d/yr ≥108°F today · 20 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 17% 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: $14,678
• − Mortgage interest: −$4,481
• − Property taxes: −$234
• − Insurance: −$400
• − Repairs & maintenance: −$1,174
• − Management: −$1,174
• − Depreciation: −$2,327
• Taxable income: $4,887
• Est. tax owed @ 24.0%: −$1,173
• After-tax cash flow: $4,754/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: Alcorn School District
• NCES district ID: 2800390
• Math proficiency: 45% ▼ -7.00%
• Reading proficiency: 42% ▼ -5.00%
• Median HH income: $37,645
• Composite: 36.24/100
• National rank: #4715
• State rank: #33 of 130 in MS

Livability — Farmington

• Score: 59/100
• State rank: #234
• US rank: #19647

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 27,146

Population outlook (Alcorn County) Hauer SSP2

• Today (2025): 38,392 people
• By 2030: 38,804 · +1.1%
• By 2040: 39,455 · +2.8%
• By 2050: 39,708 · +3.4%
• By 2075: 39,917 · +4.0%
• By 2100: 37,628 · -2.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (81%)
• Race & ethnicity: White 81% Black 12% Hispanic / Latino 4% Two or more races 3%
• Common ancestry: Italian 1% Slovak 1% Serbian 1%
• Foreign-born: 1% · Canada
• Languages at home: 97% English-only · Spanish 1%

Political lean MEDSL · Alcorn

• 2024 margin: Solid R (+68.3) · D 15.4% · R 83.8%
• 2008→2024 swing: -24.4pp toward R · 2008: -44.0pp · 2024: -68.3pp
• All cycles: 2024: R+68.3 2020: R+63.5 2016: R+61.8 2012: R+51.6 2008: R+44.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -98.19%
• Current HPI: 155.736
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

-20.0% since first listed

17 events — show timeline

• 2026-01-15 Listing Removed — REALTRACS as Distributed by MLS Grid
• 2026-01-15 Listed $79,999 REALTRACS as Distributed by MLS Grid
• 2025-09-26 Price Changed $79,999 Memphis Area Association of Realtors(R) MLS
• 2025-09-19 Relisted — NEMSBD
• 2025-09-19 Price Changed $79,999 NEMSBD
• 2025-03-09 Listing Removed — MLSU
• 2025-02-24 Price Changed $89,999 Memphis Area Association of Realtors(R) MLS
• 2025-02-24 Price Changed $89,999 MLSU
• 2025-02-24 Price Changed $89,999 NEMSBD
• 2025-01-20 Price Changed $94,999 Memphis Area Association of Realtors(R) MLS
• 2025-01-13 Price Changed $94,999 MLSU
• 2025-01-13 Price Changed $94,999 NEMSBD
• 2024-12-21 Price Changed $99,999 Memphis Area Association of Realtors(R) MLS
• 2024-12-03 Price Changed $99,999 NEMSBD
• 2024-09-09 Listed $111,999 NEMSBD
• 2024-09-09 Listed $99,999 MLSU
• 2005-12-30 Sold (Public Records) — Public Records

Property tax history

+2.1%/yr

Latest (2025): $234 · -6.9% YoY. Source: county tax records.