1939 Belvedere Dr · Jackson, MS 39204

$14,900

3 bd · 2.0 ba · 1,117 sqft · SingleFamily public records · 28 Days on market

Built 1949 0.27 ac lot

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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 +15.0/30.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Rent growth +5.0/5.0
• Livability +3.4/5.0
• Condition / age +2.5/5.0
• Schools +1.1/10.0

Listing remarks

Located in a residential neighborhood, this 3-bedroom, 2-bath home offers approximately 1,117 sq. ft. on a 0.27-acre lot. Built in 1949, the property has great potential for an owner-occupant or investor looking to update and personalize. Conveniently located near schools, shopping, and dining in the heart of Jackson. Property cannot be shown at this time.

Key facts

• 0.27 acre lot
• Built 1949
• Listed 28 days

Property features AI

Finance

• Other: Lot about 0.27 acres

Exterior

• Utilities: Public water; Public sewer; Electricity available; Water available; Sewer available
• Home design: Single family residence; One story
• Construction: Asbestos construction materials; Conventional foundation; Built (year source: public records)
• Exterior features: Asphalt shingle roof

Interior

• Bathrooms: 2 full bathrooms
• Heating & cooling: Forced air heating; Ceiling fan cooling
• Interior features: Ceiling fans

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $15k.

Deal economics

• At list price, monthly cash flow is $864 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $15k).
• Recommended offer: $15k (1.5% below list) — sets the bar for market timing.
• Cap rate 75.9% vs local median 9.9% in Jackson — 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 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: Lester Elementary School (math 8% / reading 42%, grade F, #220 of 375 statewide, top 59%, 187 students, 100% FRL); Peeples Middle School (math 11% / reading 15%, grade F, #141 of 179 statewide, top 79%, 298 students, 100% FRL); Jim Hill High School (math 4% / reading 15%, grade F, #179 of 197 statewide, top 92%, 908 students, 100% FRL).
• Market conditions: Rents rising fast (+13.6%/yr); 121 active listings in the ZIP; 15 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; lower-income renter base — watch delinquency; 167 units permitted in Hinds County in 2024 (0 in 5+ unit buildings).
• At $1,224/mo this rent would consume 49% of the median local household income ($30k/yr) (locally 1099% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $2k of equity ($103 loan paydown + $1k 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 + 8.0% rent growth), your $4k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 28 days — a 2% lower offer ($15k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 17y 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

• Watch-outs: built in 1949 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 80% chance of damaging wind over 30y; extreme-heat days projected 6→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $14,676 (1.5% below list)

Questions for the listing agent

1. Built in 1949 — 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 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?
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: 8.21% ✓
• Cap rate: 75.86%
• Cash-on-cash: 248.47%
• DSCR: 12.06
• GRM: 1.0

CMA / ARV

• ARV (on-the-fly): $41,329
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2023 Paden St	0.10mi	3/1.0	1,111 (-0%)	6mo	$31,999	$29	85
1906 Shamrock Dr	0.08mi	3/1.5	1,156 (+4%)	5mo	$59,000	$51	84
1904 Willaneel Dr	0.12mi	2/1.0 (-1)	1,091 (-2%)	6mo	$15,000	$14	76
545 Merigold Dr	0.24mi	3/2.0	1,220 (+9%)	4mo	$79,000	$65	70
2112 Paden St	0.16mi	3/1.0	1,259 (+13%)	1mo	$35,000	$28	67
1725 Camellia Ln	0.56mi	3/1.5	1,134 (+2%)	3mo	$40,000	$35	67
715 Dorgan St	0.58mi	3/1.0	1,122 (+0%)	6mo	$77,500	$69	63
2416 Paden St	0.54mi	4/2.0 (+1)	1,178 (+6%)	0mo	$84,900	$72	60
2364 Coronet Pl	0.51mi	3/1.0	1,190 (+6%)	6mo	$74,500	$63	57
2647 Glenn St	0.67mi	3/1.0	1,050 (-6%)	2mo	$14,500	$14	53
936 Winn St	0.62mi	3/2.5	1,196 (+7%)	6mo	$44,500	$37	52
2524 Coronet Pl	0.74mi	3/1.0	1,190 (+6%)	3mo	$30,000	$25	48

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 17.69×
• Total profit: $69,619
• Equity at exit: $13,423

10-year hold

• IRR: —
• Equity multiple: 43.62×
• Total profit: $177,811
• Equity at exit: $28,947

Cash invested: $4,172 (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 39204

• Home prices YoY: 8.0%
• Rents YoY: 13.6%
• Active inventory: 121
• Price-to-rent: 1.0×

Monthly cashflow live

• Estimated rent: $1,224 high
• Mortgage (P&I): −$78
• Tax est. 1.5%: −$19 /mo · $224/yr
• Insurance: −$6
• HOA: −$0
• Vacancy / Maint / Mgmt: −$257
• Net cashflow: $864

Break-even live

Break-even rent $130

Max offer price $14,900

Occupancy floor 24%

Sensitivity live

Price	-10% $874	-5% $869	+0% $864	+5% $859	+10% $854
Rent	-10% $767	-5% $815	+0% $864	+5% $912	+10% $961
Rate	-1.0pp $871	-0.5pp $868	base $864	+0.5pp $860	+1.0pp $856

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: $3,725
• Closing costs: $447
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2401 Coronet Pl Jackson, MS	3.0	1.0	1200	$1,400	$1.17	25d	1	0.49mi
1645 Camellia Ln Jackson, MS	3.0	2.0	1268	$1,200	$0.95	15d	1	0.66mi
843 Reaves St Jackson, MS	3.0	2.0	1408	$1,084	$0.77	45d	1	0.77mi
2242 Castle Hill Dr Jackson, MS	4.0	2.0	1500	$1,475	$0.98	25d	1	0.81mi
2242 Castle Hill Dr Jackson, MS	4.0	2.0	1500	$1,475	$0.98	15d	1	0.81mi
225 W McDowell Rd Jackson, MS	1.0–3.0	1.0–2.0	900	$1,200	$1.33	45d	18	0.92mi
2858 Fairhill Dr Jackson, MS	2.0	1.0	900	$825	$0.92	45d	1	1.00mi
1126 Barbara Ann Dr Jackson, MS	3.0	1.0	1343	$1,000	$0.74	15d	1	1.13mi
1126 Barbara Ann Dr Jackson, MS	3.0	1.0	1343	$1,000	$0.74	45d	1	1.13mi
2786 Brookwood Dr Jackson, MS	3.0	1.0	1003	$1,100	$1.10	45d	1	1.20mi
1513 Maria Dr Jackson, MS	3.0	2.0	1120	$1,200	$1.07	15d	1	1.24mi
1513 Maria Dr Jackson, MS	3.0	2.0	1120	$1,200	$1.07	25d	1	1.24mi
201 W Santa Clair St Jackson, MS	2.0	1.0	1182	$950	$0.80	25d	1	1.37mi
201 W Santa Clair St Jackson, MS	2.0	1.0	1182	$950	$0.80	15d	1	1.37mi
2873 Teresa Dr Jackson, MS	3.0	1.0	1100	$1,100	$1.00	45d	1	1.45mi

Listing history 23 events

1. 2026-06-18
   days on market $14,900 Active 28 DOM
2. 2026-06-17
   days on market $14,900 Active 27 DOM
3. 2026-06-16
   days on market $14,900 Active 26 DOM
4. 2026-06-15
   days on market $14,900 Active 25 DOM
5. 2026-06-14
   days on market $14,900 Active 23 DOM
6. 2026-06-13
   days on market $14,900 Active 22 DOM
7. 2026-06-10
   days on market $14,900 Active 20 DOM
8. 2026-06-09
   days on market $14,900 Active 19 DOM
9. 2026-06-08
   days on market $14,900 Active 18 DOM
10. 2026-06-07
    days on market $14,900 Active 17 DOM
11. 2026-06-05
    days on market $14,900 Active 14 DOM
12. 2026-06-03
    days on market $14,900 Active 13 DOM
13. 2026-06-02
    days on market $14,900 Active 12 DOM
14. 2026-06-01
    days on market $14,900 Active 11 DOM
15. 2026-05-31
    days on market $14,900 Active 10 DOM
16. 2026-05-30
    days on market $14,900 Active 9 DOM
17. 2026-05-21
    listed $14,900 Active
18. 2026-04-24
    historical
19. 2026-01-26
    listed $32,200 Active
20. 2009-10-27
    historical
21. 2009-03-09
    listed $69,000
22. 1991-12-31
    soldstatus
23. 1950-04-25
    soldstatus

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 Severe 6 d/yr ≥108°F today · 17 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% 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: $14,686
• − Mortgage interest: −$835
• − Property taxes: −$224
• − Insurance: −$74
• − Repairs & maintenance: −$1,175
• − Management: −$1,175
• − Depreciation: −$433
• Taxable income: $10,770
• Est. tax owed @ 24.0%: −$2,585
• After-tax cash flow: $7,781/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: 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

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 · 167,040 people
• City population: 140,204
• Metro: Jackson, MS
• Population (ZIP): 13,249
• Household income: $30,237
• Rent vs Own: 66.3% rent · 33.7% own
• Severe rent burden: 1099.0

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%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (90%)
• Race & ethnicity: Black 90% White 5% Two or more races 4% Hispanic / Latino 3%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 2%

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: ▲ 17.25%
• Current HPI: 233.9061
• Rent YoY: ▲ 13.56%
• Metro: Jackson, MS
• State GDP YoY: —
• F500 in state: 0

Price history

-78.4% since first listed

7 events — show timeline

• 2026-05-21 Listed $14,900 MLSU
• 2026-04-24 Listing Removed — MLSU
• 2026-01-26 Listed $32,200 MLSU
• 2009-10-27 Listing Removed — MLSU
• 2009-03-09 Listed $69,000 MLSU
• 1991-12-31 Sold (Public Records) — Public Records
• 1950-04-25 Sold (Public Records) — Public Records

Property tax history

+0.8%/yr

Latest (2025): $981 · +1.3% YoY. Source: county tax records.