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Wayne County, MS · Sold

MS-519805

5048 County Road 369

$1,087,200
$1,278/ac · 851 ac
Acreage851 ac
Price per acre$1,278/ac
ZoningResidential
Road accessDirt
UtilitiesPower at road
TopographyFlat
ListedNov 29, 2023
Coordinates31.6792, -88.7324
Loading terrain…
County GIS boundary

We do not yet have an active public ArcGIS connection for this county. Use the official source link to verify the parcel boundary and flood/zoning layers.

County market

Wayne County, Mississippi. Deep South timber and deer-lease tracts, consistently the cheapest in the region.

View Wayne market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index
13
Low risk
Wetlands12.9% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope0.5%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

5,966 ft of deeded road frontage.

Power74 ft away

Power at or near the road.

Buildable area704.08 of 850.90 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$764,463
$574,538$954,389 · $898/ac on 851 ac
Asking vs estimate
+42.2%
Priced above the comp set

Weighted from 7 recorded sales, adjusted for tract size, access, utilities and time since sale. Range width reflects dispersion across the comp set.

AI deal brief

Comps, diligence flags, an offer number and what to ask the seller.

Offer calculatorAsking $1,087,200
Maximum allowable offer
$436,836
$513/ac · +30.0% target margin

You need $650,364 off asking to hit this margin.

All-in cost$473,967
Net resale$703,306
Projected profit$229,339
ROI+48.4%
Annualized+69.2%
Break-even resale$605/ac
Profit if resale lands off target
-20%
$88,678
-10%
$159,009
0%
$229,339
+10%
$299,670
+20%
$370,000
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MS-469843
Dirt · Power at road
874.6Aug 19, 2024$599,0006857480.0 mi
82
MS-399244
Landlocked · Power at road
566.7Oct 2, 2024$548,6009681,1661.6 mi
71
MS-958264
Landlocked · Power at road
278.6Jul 27, 2026$217,7007817089.0 mi
69
MS-758092
Gravel · Power at road
246.0Jun 28, 2026$535,1002,1751,2986.1 mi
69
MS-478978
Landlocked · Off grid
467.4Nov 19, 2024$272,5005837758.2 mi
63
MS-478533
Landlocked · Off grid
338.6Aug 19, 2024$196,2005797073.1 mi
62
MS-688848
Gravel · Full utilities
425.4Dec 18, 2024$606,7001,42687112.3 mi
60
Show adjustment detail for the top comp
  • Tract size (874.65 ac → 850.9 ac)+0.9%
  • Market time (24 mo)+8.4%

Step 3 · Market it

Turn this underwriting into a listing

Generate a comp-priced headline, listing description, land-group post and cash-buyer email for this tract — then post it to the investor marketplace.