1436 Pontotoc St · Hernando, MS 38632

$259,000

3 bd · 1.5 ba · 1,806 sqft · SingleFamily public records · 7 Days on market

Built 1968 0.32 ac lot $143/sqft · 16% below area Est $288k · 10% under

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Why this score? — see what drove the C 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 +22.5/30.0
• ARV discount +12.0/15.0
• DSCR +7.2/10.0
• 1% rule +4.8/10.0
• Schools +4.0/10.0
• Livability +3.5/5.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Appreciation +0.0/10.0

Listing remarks

Located in the heart of Hernando and zoned for the highly sought-after Hernando School District, this 3-bedroom, 2-bath home offers both comfort and convenience. Nestled among mature trees in a well-established neighborhood, it provides a peaceful setting with easy access to local amenities. Inside, you'll find new hardwood floors and tile throughout, giving the home a fresh, updated feel. The spacious living area has been expanded with an addition at the rear, creating extra room for relaxing or entertaining. The street has been freshly paved, adding to the overall appeal of this well-kept neighborhood. Conveniently located just minutes from shopping, dining, and everything Hernando has to

Key facts

• Tile throughout
• Freshly paved street
• New hardwood floors

Tags

• MATURE TREES
• WELL-ESTABLISHED NEIGHBORHOOD
• NEW HARDWOOD FLOORS
• TILE THROUGHOUT
• EXPANDED LIVING AREA
• FRESHLY PAVED STREET

Property features AI

Exterior

• Parking: Two carport spaces; Concrete parking surface
• Utilities: Public sewer; Public water; Cable available; Electricity connected; Natural gas available
• Home design: Single-family residence (house); One-story; Move-in ready
• Construction: Brick and cement siding exterior; Slab foundation; Built per public records
• Exterior features: Architectural shingle roof; Chain link and wood fencing with gate; City lot

Interior

• Kitchen: Dishwasher; Exhaust fan; Free-standing range
• Bedrooms: Primary bedroom on the main level; Two additional bedrooms on the main level
• Flooring: Ceramic tile; Simulated wood
• Bathrooms: One full bathroom; One half bathroom
• Heating & cooling: Central heating (natural gas); Central air conditioning
• Interior features: Primary bedroom and bathroom located on the main level; Storage space; Window treatments
• Laundry & utility: Washer hookup; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $259k.

Deal economics

• At list price, monthly cash flow is $438 ($5k/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 $254k (1.9% below list).
• Recommended offer: $254k (1.9% below list) — sets the bar for 1% rule.
• Cap rate 8.3% vs local median 4.2% in Hernando — 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 70/100 on livability (#44 in MS) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F, health & safety F.
• Desoto County School District (suburban): math 48% / reading 42% proficiency, ranked #20 of 130 in MS (top 15%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Hernando Elem (779 students, 100% FRL); Hernando Middle School (math 75% / reading 57%, grade A-, #2 of 179 statewide, top 1%, 1,150 students, 100% FRL); Hernando High School (math 69% / reading 62%, grade B, #2 of 197 statewide, top 1%, 1,419 students, 100% FRL) — zoned schools average 100% FRL vs 43% district-wide (56 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 66% at this address vs 45% district-wide (+21 pts) — the actual schools serving this property are materially stronger than the Desoto County School District average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: Rents soft (-0.4%/yr); 403 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 40% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 1,155 units permitted in DeSoto County in 2024 (0 in 5+ unit buildings).
• This rent runs 33% of the median local income ($94k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• DeSoto County population projected at +33% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 18y ago; this cycle's ask has dropped $100k (28%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $254,163 (1.9% below list)

Questions for the listing agent

1. Built in 1968 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
4. 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.
5. 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.
6. 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: 0.98% ✗
• Cap rate: 8.32%
• Cash-on-cash: 7.25%
• DSCR: 1.32
• GRM: 8.5

CMA / ARV

• ARV (median comp): $288,103
• List price: $259,000
• Delta: -10.10%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1501 Mount Pleasant Rd	0.06mi	4/2.0 (+1)	1,798 (-0%)	6mo	$280,000	$156	84
1106 Fawn Dr	0.36mi	3/2.0	1,735 (-4%)	3mo	$307,000	$177	72
136 N Parkway St	0.42mi	3/2.0	1,887 (+4%)	3mo	$305,000	$162	68
781 Cedar Trace Cir	0.46mi	4/2.0 (+1)	1,864 (+3%)	7mo	$345,000	$185	61
1230 E Cross Creek Dr	0.41mi	3/2.5	1,921 (+6%)	7mo	$319,900	$167	60
1580 Mt Pleasant Rd	0.15mi	3/2.0	2,074 (+15%)	9mo	$299,900	$145	59
1491 Biloxi St	0.31mi	3/2.0	2,009 (+11%)	8mo	$299,900	$149	58
1715 Tara Dr	0.29mi	3/2.0	1,550 (-14%)	4mo	$282,500	$182	57
1390 E Lake Front Dr	0.34mi	3/2.0	1,992 (+10%)	10mo	$335,000	$168	56
1478 E Lake Front Dr	0.34mi	4/2.0 (+1)	1,963 (+9%)	9mo	$316,900	$161	56
41 Cross Creek Dr	0.40mi	3/2.0	1,632 (-10%)	10mo	$288,000	$176	55
994 Deer Creek Dr	0.54mi	4/3.0 (+1)	2,064 (+14%)	7mo	$359,900	$174	34

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -8.3%
• Equity multiple: 0.70×
• Total profit: $-21,626
• Equity at exit: $38,618

10-year hold

• IRR: -2.8%
• Equity multiple: 0.83×
• Total profit: $-12,100
• Equity at exit: $22,394

Cash invested: $72,520 (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 38632

• Home prices YoY: -31.8%
• Rents YoY: -0.4%
• Active inventory: 403
• Price-to-rent: 8.5×

Monthly cashflow live

• Estimated rent: $2,542 high
• Mortgage (P&I): −$1,358
• Tax from tax record: −$104 /mo · $1,247/yr
• Insurance: −$108
• HOA: −$0
• Vacancy / Maint / Mgmt: −$534
• Net cashflow: $438

Break-even live

Break-even rent $1,987

Max offer price $259,000

Occupancy floor 78%

Sensitivity live

Price	-10% $584	-5% $511	+0% $438	+5% $365	+10% $291
Rent	-10% $237	-5% $337	+0% $438	+5% $538	+10% $639
Rate	-1.0pp $568	-0.5pp $504	base $438	+0.5pp $371	+1.0pp $302

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: $64,750
• Closing costs: $7,770
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1324 Biloxi St Hernando, MS	3.0	2.0	1594	$1,950	$1.22	24d	1	0.31mi
814 Byhalia Rd Hernando, MS	4.0	3.0	2531	$2,400	$0.95	2d	1	0.67mi
52 Forked Creek Pkwy Hernando, MS	4.0	2.0	2300	$2,340	$1.02	44d	1	0.69mi
89 Shady Lane Cv E Hernando, MS	4.0	2.5	2500	$2,650	$1.06	12d	1	0.84mi
1670 Timber Creek Dr Hernando, MS	3.0	2.0	1672	$1,945	$1.16	44d	1	0.92mi
947 Clubhouse Dr Hernando, MS	4.0	2.0	1713	$2,495	$1.46	44d	1	1.03mi
2159 Timberlane St Hernando, MS	4.0	2.5	2150	$4,500	$2.09	5d	1	1.10mi
2441 Memphis St Hernando, MS	2.0	2.5	1520	$2,200	$1.45	2d	1	1.18mi
272 Fairway Trace Dr Lot $3800 Hernando, MS	4.0	2.0	2000	$3,800	$1.90	44d	1	1.38mi
249 Vaiden Ridge Cv Hernando, MS	3.0	2.5	2240	$2,300	$1.03	2d	1	1.45mi

Listing history 18 events

1. 2026-05-09
   status Pending 788-char remark
2. 2026-05-03
   price $259,000 788-char remark
3. 2026-05-02
   listed $359,000 Active 788-char remark
4. 2024-09-11
   historical
5. 2024-08-13
   price $264,000
6. 2024-07-11
   price $269,900
7. 2024-07-01
   price $274,900
8. 2024-06-26
   price $277,000
9. 2024-06-18
   listed $279,500 Active
10. 2021-10-11
    historical
11. 2017-12-12
    soldstatus
12. 2017-12-01
    soldstatus
13. 2017-10-02
    listed $167,500
14. 2015-07-24
    soldstatus
15. 2009-02-28
    historical
16. 2009-02-17
    listed $139,900
17. 2008-08-14
    listed $129,900
18. 2006-05-25
    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: $1,247 · $104/mo
• Projected year-2 tax: $2,046 · $171/mo
• Expected delta: +$800/yr (+$67/mo · 64.1%)

ⓘ 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 6/10 Major 7 d/yr ≥109°F today · 21 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 20% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $30,500
• − Mortgage interest: −$14,508
• − Property taxes: −$1,247
• − Insurance: −$1,295
• − Repairs & maintenance: −$2,440
• − Management: −$2,440
• − Depreciation: −$7,535
• Taxable income: $1,036
• Est. tax owed @ 24.0%: −$249
• After-tax cash flow: $5,006/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: Desoto County School District
• NCES district ID: 2801320
• Math proficiency: 48% ▼ -13.00%
• Reading proficiency: 42% ▼ -6.00%
• Median HH income: $59,272
• Composite: 39.56/100
• National rank: #3933
• State rank: #20 of 130 in MS

Livability — Hernando

• Score: 70/100
• State rank: #44
• US rank: #8034

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hernando, MS
• County: DeSoto County · 176,513 people
• City population: 31,374
• Metro: Memphis, TN-MS-AR
• Population (ZIP): 31,374
• Household income: $93,583
• Rent vs Own: 11.8% rent · 88.2% own
• Severe rent burden: 24.0

Population outlook (DeSoto County) Hauer SSP2

• Today (2025): 203,338 people
• By 2030: 217,692 · +7.1%
• By 2040: 245,320 · +20.6%
• By 2050: 270,133 · +32.8%
• By 2075: 323,341 · +59.0%
• By 2100: 348,742 · +71.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (81%)
• Race & ethnicity: White 81% Black 13% Two or more races 4% Hispanic / Latino 2%
• Common ancestry: Italian 2% Serbian 2% Slovak 1%
• Foreign-born: 2% · Canada
• Languages at home: 98% English-only · Spanish 1% Arabic 1%

Political lean MEDSL · DeSoto

• 2024 margin: Strong R (+24.1) · D 36.7% · R 60.8% · Other 2.5%
• 2008→2024 swing: +14.2pp toward D · 2008: -38.2pp · 2024: -24.1pp
• All cycles: 2024: R+24.1 2020: R+23.9 2016: R+34.8 2012: R+33.5 2008: R+38.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -82.49%
• Current HPI: 176.8843
• Rent YoY: ▼ -0.43%
• Metro: Memphis, TN-MS-AR
• State GDP YoY: —
• F500 in state: 0

Price history

+99.4% since first listed

18 events — show timeline

• 2026-05-09 Pending — MLSU
• 2026-05-03 Price Changed $259,000 MLSU
• 2026-05-02 Listed $359,000 MLSU
• 2024-09-11 Listing Removed — MLSU
• 2024-08-13 Price Changed $264,000 MLSU
• 2024-07-11 Price Changed $269,900 MLSU
• 2024-07-01 Price Changed $274,900 MLSU
• 2024-06-26 Price Changed $277,000 MLSU
• 2024-06-18 Listed $279,500 MLSU
• 2021-10-11 Listing Removed — MLSU
• 2017-12-12 Sold (Public Records) — Public Records
• 2017-12-01 Sold (MLS) — MLSU
• 2017-10-02 Listed $167,500 MLSU
• 2015-07-24 Sold (Public Records) — Public Records
• 2009-02-28 Listing Removed — MLSU
• 2009-02-17 Listed $139,900 MLSU
• 2008-08-14 Listed $129,900 MLSU
• 2006-05-25 Sold (Public Records) — Public Records

Property tax history

+0.7%/yr

Latest (2025): $1,247 · +19.2% YoY. Source: county tax records.