11520 Klein Rd · Gulfport, MS 39503

$149,900

4 bd · 2.0 ba · 1,118 sqft · SingleFamily public records · 230 Days on market

Built 1968 0.27 ac lot $134/sqft · 26% above area Est $158k · 5% under

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Why this score? — see what drove the B- 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 +26.9/30.0
• ARV discount +9.8/15.0
• DSCR +9.3/10.0
• 1% rule +6.5/10.0
• Rent growth +4.2/5.0
• Schools +4.2/10.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Move right in to this spacious home featuring 4 bedrooms, 2 full baths, a bright living room, and a separate family room perfect for entertaining or relaxing. Recently updated with modern finishes, this home offers comfort, style, and convenience all in one. Available immediately Great location - close to shopping, dining, schools, and easy access to major routes.

Key facts

• Great location
• Bright living room
• Modern finishes

Tags

• BRIGHT LIVING ROOM
• SEPARATE FAMILY ROOM
• MODERN FINISHES
• GREAT LOCATION

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $414 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $132k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.6% 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; 14 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 57% 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 33% 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 $4k 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 $42k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 230 days — a 12% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 11y ago; this cycle's ask is 8985% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $131,912 (12.0% below list)

Questions for the listing agent

1. It's been on market 230 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1968 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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: 1.15% ✓
• Cap rate: 9.61%
• Cash-on-cash: 11.85%
• DSCR: 1.53
• GRM: 7.2

CMA / ARV

• ARV (median comp): $157,965
• List price: $149,900
• Delta: -5.11%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
119 Gahan Dr	0.05mi	3/1.5 (-1)	1,100 (-2%)	3mo	$145,000	$132	85
11433 Klein Rd	0.17mi	3/1.5 (-1)	1,150 (+3%)	3mo	$70,000	$61	78
104 Estes St	0.25mi	3/2.0 (-1)	1,109 (-1%)	6mo	$100,000	$90	76
11406 Harris Dr	0.31mi	3/1.5 (-1)	1,070 (-4%)	4mo	$165,000	$154	68
120 Imilda Dr	0.40mi	3/2.0 (-1)	1,200 (+7%)	3mo	$79,900	$67	62
413 N Wilson Blvd	0.23mi	3/1.0 (-1)	1,000 (-11%)	4mo	$125,000	$125	59
11941 Concorde Dr	0.50mi	3/2.0 (-1)	1,232 (+10%)	3mo	$189,900	$154	52
305 Lavelle Dr	0.73mi	3/2.0 (-1)	1,050 (-6%)	3mo	$140,000	$133	48
710 Beverly Dr	0.66mi	3/2.0 (-1)	1,014 (-9%)	3mo	$140,000	$138	46
1010 Michelle Dr	0.63mi	3/2.0 (-1)	1,252 (+12%)	4mo	$159,900	$128	42
15051 Sagewood St	0.62mi	3/2.0 (-1)	1,272 (+14%)	4mo	$189,999	$149	39
801 Shirley Dr	0.69mi	3/1.5 (-1)	986 (-12%)	5mo	$80,750	$82	37

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: 5.5%
• Equity multiple: 1.22×
• Total profit: $9,291
• Equity at exit: $22,351

10-year hold

• IRR: 18.1%
• Equity multiple: 2.77×
• Total profit: $74,126
• Equity at exit: $12,961

Cash invested: $41,972 (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: 7.2×

Monthly cashflow live

• Estimated rent: $1,729 high
• Mortgage (P&I): −$786
• Tax from tax record: −$103 /mo · $1,233/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$363
• Net cashflow: $414

Break-even live

Break-even rent $1,204

Max offer price $149,900

Occupancy floor 71%

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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
125 Clarence Dr Gulfport, MS	3.0	2.0	1300	$1,500	$1.15	13d	1	0.24mi
101 Fore St Gulfport, MS	3.0	2.0	1215	$1,700	$1.40	13d	1	0.38mi
11502 Camden Court Cir Gulfport, MS	3.0	2.0	1495	$1,775	$1.19	21d	1	0.49mi
11487 Camden Court Cir Gulfport, MS	3.0	2.0	1495	$1,775	$1.19	43d	1	0.57mi
11425 Camden Court Cir Gulfport, MS	3.0	2.0	1495	$1,775	$1.19	21d	1	0.57mi
11413 Camden Court Cir Gulfport, MS	3.0	2.0	1495	$1,775	$1.19	43d	1	0.57mi
11405 Camden Court Cir Gulfport, MS	3.0	2.0	1495	$1,775	$1.19	43d	1	0.57mi
1009 Michelle Dr Gulfport, MS	4.0	2.0	1254	$1,650	$1.32	43d	1	0.63mi
15373 Saint Charles St Gulfport, MS	3.0	1.0–3.0	1075	$1,350	$1.26	43d	2	0.73mi
15251 Parkwood Dr N Gulfport, MS	3.0	2.5	1200	$1,200	$1.00	43d	1	0.86mi
11200 Three Rivers Rd Gulfport, MS	3.0	2.0	1124	$1,445	$1.29	13d	1	0.93mi
12040 Highland Ave Gulfport, MS	3.0	2.0	1019	$950	$0.93	13d	1	1.12mi
12147 Prudie Cir Gulfport, MS	3.0	2.0	1100	$975	$0.89	43d	1	1.22mi
12450 Three Rivers Rd Gulfport, MS	3.0	2.0	1098	$1,295	$1.18	43d	1	1.34mi

Listing history 18 events

1. 2026-05-18
   status Pending 369-char remark

   Show marketing remark (369 chars)

   Move right in to this spacious home featuring 4 bedrooms, 2 full baths, a bright living room, and a separate family room perfect for entertaining or relaxing. Recently updated with modern finishes, this home offers comfort, style, and convenience all in one. Available immediately Great location - close to shopping, dining, schools, and easy access to major routes.

2. 2026-05-06
   historical $1,650
3. 2026-04-17
   listed $1,650
4. 2026-02-01
   status Active 369-char remark

   Show marketing remark (369 chars)

   Move right in to this spacious home featuring 4 bedrooms, 2 full baths, a bright living room, and a separate family room perfect for entertaining or relaxing. Recently updated with modern finishes, this home offers comfort, style, and convenience all in one. Available immediately Great location - close to shopping, dining, schools, and easy access to major routes.

5. 2026-01-31
   historical 369-char remark

   Show marketing remark (369 chars)

   Move right in to this spacious home featuring 4 bedrooms, 2 full baths, a bright living room, and a separate family room perfect for entertaining or relaxing. Recently updated with modern finishes, this home offers comfort, style, and convenience all in one. Available immediately Great location - close to shopping, dining, schools, and easy access to major routes.

6. 2026-01-27
   price $149,900 369-char remark

   Show marketing remark (369 chars)

   Move right in to this spacious home featuring 4 bedrooms, 2 full baths, a bright living room, and a separate family room perfect for entertaining or relaxing. Recently updated with modern finishes, this home offers comfort, style, and convenience all in one. Available immediately Great location - close to shopping, dining, schools, and easy access to major routes.

7. 2026-01-03
   status Active 369-char remark

   Show marketing remark (369 chars)

   Move right in to this spacious home featuring 4 bedrooms, 2 full baths, a bright living room, and a separate family room perfect for entertaining or relaxing. Recently updated with modern finishes, this home offers comfort, style, and convenience all in one. Available immediately Great location - close to shopping, dining, schools, and easy access to major routes.

8. 2025-12-31
   historical 369-char remark

   Show marketing remark (369 chars)

   Move right in to this spacious home featuring 4 bedrooms, 2 full baths, a bright living room, and a separate family room perfect for entertaining or relaxing. Recently updated with modern finishes, this home offers comfort, style, and convenience all in one. Available immediately Great location - close to shopping, dining, schools, and easy access to major routes.

9. 2025-12-09
   price $159,900 369-char remark

   Show marketing remark (369 chars)

   Move right in to this spacious home featuring 4 bedrooms, 2 full baths, a bright living room, and a separate family room perfect for entertaining or relaxing. Recently updated with modern finishes, this home offers comfort, style, and convenience all in one. Available immediately Great location - close to shopping, dining, schools, and easy access to major routes.

10. 2025-10-27
    price $165,000 369-char remark

    Show marketing remark (369 chars)

    Move right in to this spacious home featuring 4 bedrooms, 2 full baths, a bright living room, and a separate family room perfect for entertaining or relaxing. Recently updated with modern finishes, this home offers comfort, style, and convenience all in one. Available immediately Great location - close to shopping, dining, schools, and easy access to major routes.

11. 2025-09-26
    listed $178,000 Active 369-char remark

    Show marketing remark (369 chars)

    Move right in to this spacious home featuring 4 bedrooms, 2 full baths, a bright living room, and a separate family room perfect for entertaining or relaxing. Recently updated with modern finishes, this home offers comfort, style, and convenience all in one. Available immediately Great location - close to shopping, dining, schools, and easy access to major routes.

12. 2025-09-07
    historical $1,650
13. 2025-08-28
    listed $1,650
14. 2023-08-28
    historical
15. 2023-04-19
    listed $139,900 Active
16. 2015-09-24
    soldstatus
17. 2015-09-23
    soldstatus
18. 2015-09-03
    listed $28,500

ⓘ 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: $1,233 · $103/mo
• Projected year-2 tax: $1,233 · $103/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 9/10 Extreme 7 d/yr ≥107°F today · 22 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: $20,743
• − Mortgage interest: −$8,397
• − Property taxes: −$1,233
• − Insurance: −$750
• − Repairs & maintenance: −$1,659
• − Management: −$1,659
• − Depreciation: −$4,361
• Taxable income: $2,685
• Est. tax owed @ 24.0%: −$644
• After-tax cash flow: $4,328/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

-94.2% since first listed

18 events — show timeline

• 2026-05-18 Pending — MLSU
• 2026-05-06 Rental Removed $1,650 MLSU
• 2026-04-17 Listed for Rent $1,650 MLSU
• 2026-02-01 Relisted — MLSU
• 2026-01-31 Listing Removed — MLSU
• 2026-01-27 Price Changed $149,900 MLSU
• 2026-01-03 Relisted — MLSU
• 2025-12-31 Listing Removed — MLSU
• 2025-12-09 Price Changed $159,900 MLSU
• 2025-10-27 Price Changed $165,000 MLSU
• 2025-09-26 Listed $178,000 MLSU
• 2025-09-07 Rental Removed $1,650 MLSU
• 2025-08-28 Listed for Rent $1,650 MLSU
• 2023-08-28 Listing Removed — MLSU
• 2023-04-19 Listed $139,900 MLSU
• 2015-09-24 Sold (Public Records) — Public Records
• 2015-09-23 Sold (MLS) — MLSU
• 2015-09-03 Listed $28,500 MLSU

Property tax history

+6.7%/yr

Latest (2025): $1,233 · +3.3% YoY. Source: county tax records.