630 Edna St · Waveland, MS 39576

$188,500

3 bd · 2.0 ba · 1,291 sqft · SingleFamily public records · 139 Days on market

Built 2003 0.25 ac lot Est $192k · at est.

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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 +13.8/30.0
• ARV discount +8.4/15.0
• DSCR +4.2/10.0
• Schools +3.9/10.0
• Livability +3.1/5.0
• 1% rule +2.9/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great 3 bedroom 2 bath with minor repairs needed. In a NON Flood Zone. Being Sold ''As Is'' Garage has been closed in for a Bounus room and will add another 150 sqft with a new mini-split. Split floor plan, Family friendly open living area, Loads of outdoor entertainment area, Attractively priced to sell!

Key facts

• Spacious yard
• Entertainment
• Dining

Tags

• SPACIOUS YARD
• LOCAL SHOPS
• DINING
• ENTERTAINMENT

Property features AI

Finance

• Other:
• Financial info:
• HOA & community:

Exterior

• Parking: Driveway
• Security:
• Utilities: Public water; Public sewer; Electricity connected; Water connected
• Home design: Single family residence (house); One level
• Construction: Brick and siding construction; Slab foundation; Built (year source: Assessor)
• Exterior features: Shingle roof; Other exterior features

Interior

• Kitchen: Electric range; Refrigerator
• Bedrooms:
• Flooring: Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Tile flooring; Electric range; Refrigerator
• Laundry & utility:

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $188k.

Deal economics

• At list price, monthly cash flow is $18 ($218/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 $149k (20.9% below list).
• Recommended offer: $149k (20.9% below list) — sets the bar for 1% rule.
• Cap rate 6.4% vs local median 2.5% in Waveland — 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 61/100 on livability (#199 in MS) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities F, commute F, employment D-.
• Bay St Louis Waveland School District (suburban): math 51% / reading 43% proficiency, ranked #21 of 130 in MS (top 16%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 74% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Waveland Elementary School (425 students, 100% FRL); Bay Waveland Middle School (math 51% / reading 42%, grade D+, #38 of 179 statewide, top 21%, 392 students, 100% FRL); Bay High School (math 47% / reading 37%, grade F, #43 of 197 statewide, top 24%, 491 students, 100% FRL) — zoned schools average 100% FRL vs 74% district-wide (26 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 227 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals leasing fast (median 14d on market — plan ~1-2 weeks tenant-placement turnaround); 248 units permitted in Hancock County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Hancock County population projected at +20% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 139 days — a 12% lower offer ($166k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 11y ago; this cycle's ask has dropped $21k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: moderate flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $149,134 (20.9% below list)

Questions for the listing agent

1. It's been on market 139 days. Have you received any prior offers? Is the seller open to a 21% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 0.79% ✗
• Cap rate: 6.41%
• Cash-on-cash: 0.41%
• DSCR: 1.02
• GRM: 10.5

CMA / ARV

• ARV (on-the-fly): $192,359
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
230 Music St	0.49mi	3/2.0	1,334 (+3%)	2mo	$199,000	$149	70
1303 Ryan St	0.52mi	3/2.0	1,330 (+3%)	2mo	$210,000	$158	70
403 Combel St	0.46mi	3/1.0	1,276 (-1%)	6mo	$115,000	$90	67
625 Saint Joseph St	0.65mi	3/2.0	1,224 (-5%)	0mo	$425,000	$347	61
511 Morris St	0.32mi	3/2.0	1,131 (-12%)	7mo	$79,470	$70	58
408 Favre St	0.56mi	3/2.0	1,383 (+7%)	5mo	$285,000	$206	58
131 Chagnard St	0.51mi	3/2.0	1,384 (+7%)	10mo	$285,000	$206	56
1003 Corr Cir	0.62mi	3/2.0	1,240 (-4%)	11mo	$175,350	$141	55
1314 Sharon St	0.47mi	3/2.0	1,472 (+14%)	3mo	$210,000	$143	52
117 Spanish Cv	0.71mi	3/2.0	1,403 (+9%)	3mo	$189,500	$135	50
1119 Edna St	0.61mi	3/2.0	1,175 (-9%)	12mo	$165,000	$140	47
1025 Shipp St	0.64mi	3/3.0	1,416 (+10%)	12mo	$295,000	$208	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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -15.7%
• Equity multiple: 0.44×
• Total profit: $-29,454
• Equity at exit: $28,106

10-year hold

• IRR: -7.3%
• Equity multiple: 0.54×
• Total profit: $-24,425
• Equity at exit: $16,298

Cash invested: $52,780 (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 39576

• Active inventory: 227
• Price-to-rent: 10.5×

Monthly cashflow live

• Estimated rent: $1,491 medium
• Mortgage (P&I): −$989
• Tax from tax record: −$93 /mo · $1,115/yr
• Insurance: −$79
• HOA: −$0
• Vacancy / Maint / Mgmt: −$313
• Net cashflow: $18

Break-even live

Break-even rent $1,468

Max offer price $188,500

Occupancy floor 94%

Sensitivity live

Price	-10% $125	-5% $72	+0% $18	+5% $-35	+10% $-89
Rent	-10% $-100	-5% $-41	+0% $18	+5% $77	+10% $136
Rate	-1.0pp $113	-0.5pp $66	base $18	+0.5pp $-31	+1.0pp $-80

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: $47,125
• Closing costs: $5,655
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
912 Maple St Waveland, MS	4.0	2.0	1702	$1,950	$1.15	4d	1	0.56mi
100 Auderer Blvd Waveland, MS	2.0–3.0	1.5–2.0	947	$1,168	$1.23	13d	1	0.75mi
102 Royal St Unit 2 Bedroom Waveland, MS	2.0	2.0	1000	$1,095	$1.09	15d	1	1.00mi

Listing history 15 events

1. 2026-05-12
   price $188,500
2. 2026-04-25
   price $190,900
3. 2026-02-23
   price $195,900
4. 2026-01-22
   price $199,900
5. 2026-01-07
   listed $209,900 Active
6. 2024-06-12
   soldstatus
7. 2024-06-07
   soldstatus Closed 308-char remark

   Show marketing remark (308 chars)

   Great 3 bedroom 2 bath with minor repairs needed. In a NON Flood Zone. Being Sold ''As Is'' Garage has been closed in for a Bounus room and will add another 150 sqft with a new mini-split. Split floor plan, Family friendly open living area, Loads of outdoor entertainment area, Attractively priced to sell!

8. 2024-04-30
   status Pending 308-char remark

   Show marketing remark (308 chars)

   Great 3 bedroom 2 bath with minor repairs needed. In a NON Flood Zone. Being Sold ''As Is'' Garage has been closed in for a Bounus room and will add another 150 sqft with a new mini-split. Split floor plan, Family friendly open living area, Loads of outdoor entertainment area, Attractively priced to sell!

9. 2024-04-18
   status Active 308-char remark

   Show marketing remark (308 chars)

   Great 3 bedroom 2 bath with minor repairs needed. In a NON Flood Zone. Being Sold ''As Is'' Garage has been closed in for a Bounus room and will add another 150 sqft with a new mini-split. Split floor plan, Family friendly open living area, Loads of outdoor entertainment area, Attractively priced to sell!

10. 2024-04-17
    status Pending 308-char remark

    Show marketing remark (308 chars)

    Great 3 bedroom 2 bath with minor repairs needed. In a NON Flood Zone. Being Sold ''As Is'' Garage has been closed in for a Bounus room and will add another 150 sqft with a new mini-split. Split floor plan, Family friendly open living area, Loads of outdoor entertainment area, Attractively priced to sell!

11. 2024-04-10
    listed $160,000 Active 308-char remark

    Show marketing remark (308 chars)

    Great 3 bedroom 2 bath with minor repairs needed. In a NON Flood Zone. Being Sold ''As Is'' Garage has been closed in for a Bounus room and will add another 150 sqft with a new mini-split. Split floor plan, Family friendly open living area, Loads of outdoor entertainment area, Attractively priced to sell!

12. 2021-09-15
    historical
13. 2015-12-30
    listed $94,000
14. 2004-04-13
    soldstatus
15. 2003-04-21
    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: $1,115 · $93/mo
• Projected year-2 tax: $1,489 · $124/mo
• Expected delta: +$374/yr (+$31/mo · 33.5%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (shaded) · 24% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 21 d/yr by 30 yrs out
• 💨 Wind 10/10 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: $17,896
• − Mortgage interest: −$10,559
• − Property taxes: −$1,115
• − Insurance: −$942
• − Repairs & maintenance: −$1,432
• − Management: −$1,432
• − Depreciation: −$5,484
• Taxable loss: −$3,068
• Est. tax savings @ 24.0%: +$736
• After-tax cash flow: $954/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: Bay St Louis Waveland School District
• NCES district ID: 2800570
• Math proficiency: 51% ▲ 4.00%
• Reading proficiency: 43% ▼ -3.00%
• Median HH income: $38,774
• Composite: 39.27/100
• National rank: #3998
• State rank: #21 of 130 in MS

Livability — Waveland

• Score: 61/100
• State rank: #199
• US rank: #18110

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Waveland, MS
• City population: 6,249
• Population (ZIP): 6,249

Population outlook (Hancock County) Hauer SSP2

• Today (2025): 52,161 people
• By 2030: 54,753 · +5.0%
• By 2040: 59,242 · +13.6%
• By 2050: 62,417 · +19.7%
• By 2075: 68,168 · +30.7%
• By 2100: 69,212 · +32.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (76%)
• Race & ethnicity: White 76% Black 13% Two or more races 8% Hispanic / Latino 4%
• Common ancestry: Lithuanian 8% Italian 1% Russian 1%
• Foreign-born: 4% · Canada
• Languages at home: 95% English-only · French/Haitian/Cajun 2% Spanish 2% Arabic 1%

Political lean MEDSL · Hancock

• 2024 margin: Solid R (+58.7) · D 20.1% · R 78.8% · Other 1.1%
• 2008→2024 swing: -4.4pp toward R · 2008: -54.2pp · 2024: -58.7pp
• All cycles: 2024: R+58.7 2020: R+55.5 2016: R+59.4 2012: R+52.8 2008: R+54.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -144.70%
• Current HPI: 218.6299
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

+100.5% since first listed

15 events — show timeline

• 2026-05-12 Price Changed $188,500 MLSU
• 2026-04-25 Price Changed $190,900 MLSU
• 2026-02-23 Price Changed $195,900 MLSU
• 2026-01-22 Price Changed $199,900 MLSU
• 2026-01-07 Listed $209,900 MLSU
• 2024-06-12 Sold (Public Records) — Public Records
• 2024-06-07 Sold (MLS) — MLSU
• 2024-04-30 Pending — MLSU
• 2024-04-18 Relisted — MLSU
• 2024-04-17 Pending — MLSU
• 2024-04-10 Listed $160,000 MLSU
• 2021-09-15 Listing Removed — MLSU
• 2015-12-30 Listed $94,000 MLSU
• 2004-04-13 Sold (Public Records) — Public Records
• 2003-04-21 Sold (Public Records) — Public Records

Property tax history

-3.1%/yr

Latest (2025): $1,115 · -50.0% YoY. Source: county tax records.