11309 Klein Rd · Gulfport, MS 39503

$158,950

3 bd · 1.0 ba · 1,152 sqft · SingleFamily public records · 21 Days on market

Built 1964 0.28 ac lot Est $144k · 10% over ↓ 6% since listing

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Why this score? — see what drove the D+ 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 +19.9/30.0
• DSCR +6.3/10.0
• 1% rule +5.3/10.0
• Rent growth +4.2/5.0
• Schools +4.2/10.0
• Livability +3.7/5.0
• ARV discount +2.8/15.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great corner lot with 3 bedroom, 2 full bath remodeled home. New carpet, floors and paint. Open floor plan with plenty of room for family time or entertaining. Fenced back yard, 10x12 shed with power, covered carport and patio. Minutes from I-10. Washer and dryer included.

Key facts

• 0.28 acre lot
• Parking
• Built 1964

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $159k.

Deal economics

• At list price, monthly cash flow is $192 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $159k).
• Recommended offer: $157k (1.5% below list) — sets the bar for market timing.
• Cap rate 7.7% vs local median 4.9% in Gulfport — 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 73/100 on livability (#15 in MS) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools D, amenities F, commute F.
• Harrison County School District (rural): math 52% / reading 46% proficiency, ranked #14 of 130 in MS (top 11%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 62% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+7.0%/yr); 763 active listings in the ZIP; 19 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 58% of comp listings sitting > 30 days — soft ceiling on asking rent; 2,194 units permitted in Harrison County in 2024 (0 in 5+ unit buildings).
• This rent runs 31% of the median local income ($63k/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 $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Harrison County population projected at +27% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 7.0% rent growth), your $45k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 21 days — a 2% lower offer ($157k) is reasonable based on typical stale-listing flexibility.
• 3 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: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $156,565 (1.5% below list)

Questions for the listing agent

1. Built in 1964 — 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 D-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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
5. 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.
6. 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.
7. 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: 1.03% ✓
• Cap rate: 7.74%
• Cash-on-cash: 5.18%
• DSCR: 1.23
• GRM: 8.1

CMA / ARV

• ARV (on-the-fly): $144,000
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
11433 Klein Rd	0.24mi	3/1.5	1,150 (-0%)	3mo	$70,000	$61	84
104 Estes St	0.16mi	3/2.0	1,109 (-4%)	7mo	$100,000	$90	77
11406 Harris Dr	0.26mi	3/1.5	1,070 (-7%)	4mo	$165,000	$154	71
119 Gahan Dr	0.36mi	3/1.5	1,100 (-4%)	3mo	$145,000	$132	71
413 N Wilson Blvd	0.27mi	3/1.0	1,000 (-13%)	4mo	$125,000	$125	62
120 Imilda Dr	0.56mi	3/2.0	1,200 (+4%)	3mo	$79,900	$67	60
103 Phylis Dr	0.50mi	3/2.0	1,057 (-8%)	4mo	$99,900	$95	56
11941 Concorde Dr	0.56mi	3/2.0	1,232 (+7%)	3mo	$189,900	$154	56
110 Ben Dr	0.43mi	3/2.0	1,320 (+15%)	0mo	$165,000	$125	52
1010 Michelle Dr	0.67mi	3/2.0	1,252 (+9%)	4mo	$159,900	$128	47
118 Clarence Dr	0.47mi	3/2.0	1,300 (+13%)	6mo	$104,900	$81	47
710 Beverly Dr	0.72mi	3/2.0	1,014 (-12%)	3mo	$140,000	$138	40

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 · 6.99% rent growth · sell at horizon

5-year hold

• IRR: -3.8%
• Equity multiple: 0.85×
• Total profit: $-6,664
• Equity at exit: $23,700

10-year hold

• IRR: 9.9%
• Equity multiple: 1.91×
• Total profit: $40,462
• Equity at exit: $13,743

Cash invested: $44,506 (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 39503

• Home prices YoY: -21.5%
• Rents YoY: 7.0%
• Active inventory: 763
• Price-to-rent: 8.1×

Monthly cashflow live

• Estimated rent: $1,634 high
• Mortgage (P&I): −$834
• Tax est. 1.5%: −$199 /mo · $2,384/yr
• Insurance: −$66
• HOA: −$0
• Vacancy / Maint / Mgmt: −$343
• Net cashflow: $192

Break-even live

Break-even rent $1,390

Max offer price $158,950

Occupancy floor 83%

Sensitivity live

Price	-10% $302	-5% $247	+0% $192	+5% $137	+10% $82
Rent	-10% $63	-5% $128	+0% $192	+5% $257	+10% $321
Rate	-1.0pp $272	-0.5pp $233	base $192	+0.5pp $151	+1.0pp $109

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: $39,738
• Closing costs: $4,768
• Reserves months: —
• Total cash needed: —

Rent comps 19 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
101 Fore St Gulfport, MS	3.0	2.0	1215	$1,700	$1.40	14d	1	0.05mi
11502 Camden Court Cir Gulfport, MS	3.0	2.0	1495	$1,775	$1.19	22d	1	0.36mi
11213 Dobson Rd Gulfport, MS	2.0	1.0	900	$1,200	$1.33	44d	1	0.38mi
11487 Camden Court Cir Gulfport, MS	3.0	2.0	1495	$1,775	$1.19	44d	1	0.40mi
11425 Camden Court Cir Gulfport, MS	3.0	2.0	1495	$1,775	$1.19	22d	1	0.40mi
11413 Camden Court Cir Gulfport, MS	3.0	2.0	1495	$1,775	$1.19	44d	1	0.40mi
11405 Camden Court Cir Gulfport, MS	3.0	2.0	1495	$1,775	$1.19	44d	1	0.40mi
125 Clarence Dr Gulfport, MS	3.0	2.0	1300	$1,500	$1.15	14d	1	0.48mi
1009 Michelle Dr Gulfport, MS	4.0	2.0	1254	$1,650	$1.32	44d	1	0.66mi
11200 Three Rivers Rd Gulfport, MS	3.0	2.0	1124	$1,445	$1.29	14d	1	0.72mi
11200 Three Rivers Rd Gulfport, MS	2.0	2.0	1042	$1,147	$1.10	44d	1	0.72mi
14437 Whitney Dr Gulfport, MS	2.0	1.5	1200	$1,200	$1.00	44d	1	0.78mi
10479 Cal Ln Gulfport, MS	2.0	1.5	1200	$950	$0.79	22d	1	0.78mi
10471 Three Rivers Rd Gulfport, MS	1.0–2.0	1.0–2.0	778	$1,050	$1.35	44d	1	0.81mi
15373 Saint Charles St Gulfport, MS	3.0	1.0–3.0	1075	$1,350	$1.26	44d	2	0.83mi
15251 Parkwood Dr N Gulfport, MS	3.0	2.5	1200	$1,200	$1.00	44d	1	1.19mi
12040 Highland Ave Gulfport, MS	3.0	2.0	1019	$950	$0.93	14d	1	1.27mi
15235 Oneal Rd Gulfport, MS	2.0	2.0	1101	$1,200	$1.09	14d	1	1.33mi
12147 Prudie Cir Gulfport, MS	3.0	2.0	1100	$975	$0.89	44d	1	1.37mi

Listing history 8 events

1. 2026-04-20
   status Pending
2. 2026-03-30
   listed $158,950 Active
3. 2024-05-13
   soldstatus
4. 2024-04-19
   soldstatus Closed 273-char remark

   Show marketing remark (273 chars)

   Great corner lot with 3 bedroom, 2 full bath remodeled home. New carpet, floors and paint. Open floor plan with plenty of room for family time or entertaining. Fenced back yard, 10x12 shed with power, covered carport and patio. Minutes from I-10. Washer and dryer included.

5. 2024-03-10
   status Pending 273-char remark

   Show marketing remark (273 chars)

   Great corner lot with 3 bedroom, 2 full bath remodeled home. New carpet, floors and paint. Open floor plan with plenty of room for family time or entertaining. Fenced back yard, 10x12 shed with power, covered carport and patio. Minutes from I-10. Washer and dryer included.

6. 2024-03-01
   status Active 273-char remark

   Show marketing remark (273 chars)

   Great corner lot with 3 bedroom, 2 full bath remodeled home. New carpet, floors and paint. Open floor plan with plenty of room for family time or entertaining. Fenced back yard, 10x12 shed with power, covered carport and patio. Minutes from I-10. Washer and dryer included.

7. 2024-01-29
   status Pending 273-char remark

   Show marketing remark (273 chars)

   Great corner lot with 3 bedroom, 2 full bath remodeled home. New carpet, floors and paint. Open floor plan with plenty of room for family time or entertaining. Fenced back yard, 10x12 shed with power, covered carport and patio. Minutes from I-10. Washer and dryer included.

8. 2024-01-08
   listed $169,000 Active 273-char remark

   Show marketing remark (273 chars)

   Great corner lot with 3 bedroom, 2 full bath remodeled home. New carpet, floors and paint. Open floor plan with plenty of room for family time or entertaining. Fenced back yard, 10x12 shed with power, covered carport and patio. Minutes from I-10. Washer and dryer included.

ⓘ 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 3/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 23 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% 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: $19,606
• − Mortgage interest: −$8,904
• − Property taxes: −$2,384
• − Insurance: −$795
• − Repairs & maintenance: −$1,568
• − Management: −$1,568
• − Depreciation: −$4,624
• Taxable loss: −$238
• Est. tax savings @ 24.0%: +$57
• After-tax cash flow: $2,364/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: Harrison County School District
• NCES district ID: 2801770
• Math proficiency: 52% ▼ -4.00%
• Reading proficiency: 46% ▼ -4.00%
• Median HH income: $46,504
• Composite: 41.66/100
• National rank: #3419
• State rank: #14 of 130 in MS

Livability — Gulfport

• Score: 73/100
• State rank: #15
• US rank: #5010

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Gulfport, MS
• County: Harrison County · 178,171 people
• City population: 96,188
• Metro: Gulfport-Biloxi, MS
• Population (ZIP): 55,059
• Household income: $62,641
• Rent vs Own: 29.3% rent · 70.7% own
• Severe rent burden: 1686.0

Population outlook (Harrison County) Hauer SSP2

• Today (2025): 228,444 people
• By 2030: 241,942 · +5.9%
• By 2040: 267,531 · +17.1%
• By 2050: 291,062 · +27.4%
• By 2075: 346,711 · +51.8%
• By 2100: 378,165 · +65.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.58)
• Race & ethnicity: White 58% Black 27% Two or more races 9% Hispanic / Latino 6% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 1%
• Common ancestry: Lithuanian 5% Slovak 1% Portuguese 1%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 3%

Political lean MEDSL · Harrison

• 2024 margin: Strong R (+28.9) · D 35.0% · R 63.9% · Other 1.1%
• 2008→2024 swing: -2.9pp toward R · 2008: -26.0pp · 2024: -28.9pp
• All cycles: 2024: R+28.9 2020: R+25.2 2016: R+30.7 2012: R+26.6 2008: R+26.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -51.39%
• Current HPI: 187.285
• Rent YoY: ▲ 6.99%
• Metro: Gulfport-Biloxi, MS
• State GDP YoY: —
• F500 in state: 0

Price history

-5.9% since first listed

8 events — show timeline

• 2026-04-20 Pending — MLSU
• 2026-03-30 Listed $158,950 MLSU
• 2024-05-13 Sold (Public Records) — Public Records
• 2024-04-19 Sold (MLS) — MLSU
• 2024-03-10 Pending — MLSU
• 2024-03-01 Relisted — MLSU
• 2024-01-29 Pending — MLSU
• 2024-01-08 Listed $169,000 MLSU

Property tax history

+3.8%/yr

Latest (2025): $53 · -82.8% YoY. Source: county tax records.