2308 East Ave · Gulfport, MS 39501

$164,900

4 bd · 1.5 ba · 2,208 sqft · SingleFamily public records · 233 Days on market

Built 1957 8,712 sqft lot $75/sqft · 35% below area

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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 +19.5/30.0
• ARV discount +7.5/15.0
• DSCR +6.2/10.0
• 1% rule +5.6/10.0
• Rent growth +5.0/5.0
• Livability +3.7/5.0
• Schools +3.4/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Spacious 5 bedroom, 5 bath home with approx. 3,000 sq ft of potential, located in central Gulfport. Sits on an 8,625 sq ft lot and features hardwood flooring, a wood-burning fireplace, and generously sized rooms throughout. A great opportunity for investors, flippers, or buyers looking to customize a large home in a convenient location near shopping, dining, and the beach. Sold as-is.

Key facts

• Hardwood flooring
• Convenient location
• 8,712 sq ft lot

Tags

• HARDWOOD FLOORING
• WOOD BURNING FIREPLACE
• GENEROUSLY SIZED ROOMS
• CONVENIENT LOCATION

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath single-family listed at $165k.

Deal economics

• At list price, monthly cash flow is $189 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $165k).
• Recommended offer: $145k (12.0% 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.
• Gulfport School District (urban): math 41% / reading 42% proficiency, ranked #37 of 130 in MS (top 28%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 67% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+10.5%/yr); 252 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 2,194 units permitted in Harrison County in 2024 (0 in 5+ unit buildings).
• At $1,746/mo this rent would consume 60% of the median local household income ($35k/yr) (locally 1516% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

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 + 8.0% rent growth), your $46k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 233 days — a 12% lower offer ($145k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 2y ago; this cycle's ask has dropped $60k (27%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1957 — expect roof / HVAC / electrical / plumbing capex.
• 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 $145,112 (12.0% below list)

Questions for the listing agent

1. It's been on market 233 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 1957 — 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: 1.06% ✓
• Cap rate: 7.67%
• Cash-on-cash: 4.90%
• DSCR: 1.22
• GRM: 7.9

CMA / ARV

• ARV (median comp): $346,384
• List price: $164,900
• Delta: -52.39%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2321 East Ave	0.04mi	3/2.0 (-1)	2,139 (-3%)	6mo	$279,900	$131	81
1140 22nd St	0.16mi	3/2.0 (-1)	2,179 (-1%)	11mo	$280,000	$128	74
2307 Broadmoor Pl	0.10mi	4/3.0	2,286 (+4%)	19mo	$349,000	$153	68
930 2nd St	0.28mi	3/3.0 (-1)	2,069 (-6%)	3mo	$399,900	$193	63
721 24th St	0.39mi	3/3.0 (-1)	2,352 (+6%)	7mo	$180,000	$77	55
1214 22nd St	0.25mi	3/2.5 (-1)	1,990 (-10%)	10mo	$199,800	$100	54
1442 2nd St	0.64mi	3/3.0 (-1)	2,183 (-1%)	9mo	$410,000	$188	50
911 2nd St	0.33mi	3/2.5 (-1)	2,518 (+14%)	3mo	$795,000	$316	50
2217 Kelly Ave	0.17mi	4/3.0	1,933 (-12%)	22mo	$219,900	$114	47
2900 8th Ave	0.47mi	3/2.5 (-1)	1,900 (-14%)	2mo	$90,000	$47	44
1401 26th St	0.59mi	5/2.0 (+1)	1,926 (-13%)	17mo	$85,000	$44	30

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -3.0%
• Equity multiple: 0.88×
• Total profit: $-5,422
• Equity at exit: $24,587

10-year hold

• IRR: 11.8%
• Equity multiple: 2.15×
• Total profit: $52,981
• Equity at exit: $14,258

Cash invested: $46,172 (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 39501

• Home prices YoY: -34.5%
• Rents YoY: 10.5%
• Active inventory: 252
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $1,746 medium
• Mortgage (P&I): −$865
• Tax from tax record: −$257 /mo · $3,088/yr
• Insurance: −$69
• HOA: −$0
• Vacancy / Maint / Mgmt: −$367
• Net cashflow: $189

Break-even live

Break-even rent $1,507

Max offer price $164,900

Occupancy floor 84%

Sensitivity live

Price	-10% $282	-5% $235	+0% $189	+5% $142	+10% $95
Rent	-10% $51	-5% $120	+0% $189	+5% $258	+10% $327
Rate	-1.0pp $272	-0.5pp $231	base $189	+0.5pp $146	+1.0pp $102

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: $41,225
• Closing costs: $4,947
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
941 22nd St Gulfport, MS	3.0	2.0	1450	$1,600	$1.10	14d	1	0.16mi
3508 Nunnally St Gulfport, MS	4.0	2.5	1718	$2,200	$1.28	44d	1	0.98mi
3508 Nunnally St Gulfport, MS	4.0	3.0	1718	$2,200	$1.28	14d	1	0.98mi

Listing history 32 events

1. 2026-06-18
   days on market $164,900 Active 233 DOM
2. 2026-06-17
   days on market $164,900 Active 232 DOM
3. 2026-06-16
   days on market $164,900 Active 231 DOM
4. 2026-06-15
   days on market $164,900 Active 230 DOM
5. 2026-06-14
   days on market $164,900 Active 228 DOM
6. 2026-06-13
   pricedays on market $164,900 Active 227 DOM
7. 2026-06-10
   days on market $169,900 Active 225 DOM
8. 2026-06-09
   days on market $169,900 Active 224 DOM
9. 2026-06-08
   days on market $169,900 Active 223 DOM
10. 2026-06-07
    days on market $169,900 Active 222 DOM
11. 2026-06-05
    days on market $169,900 Active 219 DOM
12. 2026-06-02
    days on market $169,900 Active 217 DOM
13. 2026-06-01
    days on market $169,900 Active 216 DOM
14. 2026-05-31
    days on market $169,900 Active 215 DOM
15. 2026-05-30
    days on market $169,900 Active 214 DOM
16. 2026-05-05
    status Active 391-char remark

    Show marketing remark (391 chars)

    Spacious 5 bedroom, 5 bath home with approx. 3,000 sq ft of potential, located in central Gulfport. Sits on an 8,625 sq ft lot and features hardwood flooring, a wood-burning fireplace, and generously sized rooms throughout. A great opportunity for investors, flippers, or buyers looking to customize a large home in a convenient location near shopping, dining, and the beach. Sold as-is.

17. 2026-05-05
    price $169,900 391-char remark

    Show marketing remark (391 chars)

    Spacious 5 bedroom, 5 bath home with approx. 3,000 sq ft of potential, located in central Gulfport. Sits on an 8,625 sq ft lot and features hardwood flooring, a wood-burning fireplace, and generously sized rooms throughout. A great opportunity for investors, flippers, or buyers looking to customize a large home in a convenient location near shopping, dining, and the beach. Sold as-is.

18. 2026-05-01
    historical 391-char remark

    Show marketing remark (391 chars)

    Spacious 5 bedroom, 5 bath home with approx. 3,000 sq ft of potential, located in central Gulfport. Sits on an 8,625 sq ft lot and features hardwood flooring, a wood-burning fireplace, and generously sized rooms throughout. A great opportunity for investors, flippers, or buyers looking to customize a large home in a convenient location near shopping, dining, and the beach. Sold as-is.

19. 2026-04-03
    status Active 391-char remark

    Show marketing remark (391 chars)

    Spacious 5 bedroom, 5 bath home with approx. 3,000 sq ft of potential, located in central Gulfport. Sits on an 8,625 sq ft lot and features hardwood flooring, a wood-burning fireplace, and generously sized rooms throughout. A great opportunity for investors, flippers, or buyers looking to customize a large home in a convenient location near shopping, dining, and the beach. Sold as-is.

20. 2026-04-03
    price $174,900 391-char remark

    Show marketing remark (391 chars)

    Spacious 5 bedroom, 5 bath home with approx. 3,000 sq ft of potential, located in central Gulfport. Sits on an 8,625 sq ft lot and features hardwood flooring, a wood-burning fireplace, and generously sized rooms throughout. A great opportunity for investors, flippers, or buyers looking to customize a large home in a convenient location near shopping, dining, and the beach. Sold as-is.

21. 2026-04-01
    historical 391-char remark

    Show marketing remark (391 chars)

    Spacious 5 bedroom, 5 bath home with approx. 3,000 sq ft of potential, located in central Gulfport. Sits on an 8,625 sq ft lot and features hardwood flooring, a wood-burning fireplace, and generously sized rooms throughout. A great opportunity for investors, flippers, or buyers looking to customize a large home in a convenient location near shopping, dining, and the beach. Sold as-is.

22. 2026-03-19
    price $179,900 391-char remark

    Show marketing remark (391 chars)

    Spacious 5 bedroom, 5 bath home with approx. 3,000 sq ft of potential, located in central Gulfport. Sits on an 8,625 sq ft lot and features hardwood flooring, a wood-burning fireplace, and generously sized rooms throughout. A great opportunity for investors, flippers, or buyers looking to customize a large home in a convenient location near shopping, dining, and the beach. Sold as-is.

23. 2026-01-29
    price $189,900 391-char remark

    Show marketing remark (391 chars)

    Spacious 5 bedroom, 5 bath home with approx. 3,000 sq ft of potential, located in central Gulfport. Sits on an 8,625 sq ft lot and features hardwood flooring, a wood-burning fireplace, and generously sized rooms throughout. A great opportunity for investors, flippers, or buyers looking to customize a large home in a convenient location near shopping, dining, and the beach. Sold as-is.

24. 2025-12-03
    price $199,900 391-char remark

    Show marketing remark (391 chars)

    Spacious 5 bedroom, 5 bath home with approx. 3,000 sq ft of potential, located in central Gulfport. Sits on an 8,625 sq ft lot and features hardwood flooring, a wood-burning fireplace, and generously sized rooms throughout. A great opportunity for investors, flippers, or buyers looking to customize a large home in a convenient location near shopping, dining, and the beach. Sold as-is.

25. 2025-11-18
    price $214,900 391-char remark

    Show marketing remark (391 chars)

    Spacious 5 bedroom, 5 bath home with approx. 3,000 sq ft of potential, located in central Gulfport. Sits on an 8,625 sq ft lot and features hardwood flooring, a wood-burning fireplace, and generously sized rooms throughout. A great opportunity for investors, flippers, or buyers looking to customize a large home in a convenient location near shopping, dining, and the beach. Sold as-is.

26. 2025-10-22
    listed $224,900 Active 391-char remark

    Show marketing remark (391 chars)

    Spacious 5 bedroom, 5 bath home with approx. 3,000 sq ft of potential, located in central Gulfport. Sits on an 8,625 sq ft lot and features hardwood flooring, a wood-burning fireplace, and generously sized rooms throughout. A great opportunity for investors, flippers, or buyers looking to customize a large home in a convenient location near shopping, dining, and the beach. Sold as-is.

27. 2025-02-03
    historical
28. 2024-12-14
    price $249,000
29. 2024-10-09
    price $270,000
30. 2024-09-08
    listed $295,000 Active
31. 2015-06-02
    soldstatus $145,000
32. 2008-08-18
    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: $3,088 · $257/mo
• Projected year-2 tax: $3,088 · $257/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 10/10 Extreme 7 d/yr ≥106°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: $20,953
• − Mortgage interest: −$9,237
• − Property taxes: −$3,088
• − Insurance: −$824
• − Repairs & maintenance: −$1,676
• − Management: −$1,676
• − Depreciation: −$4,797
• Taxable loss: −$346
• Est. tax savings @ 24.0%: +$83
• After-tax cash flow: $2,347/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: Gulfport School District
• NCES district ID: 2801710
• Math proficiency: 41% ▼ -15.00%
• Reading proficiency: 42% ▼ -6.00%
• Median HH income: $35,712
• Composite: 34.38/100
• National rank: #5213
• State rank: #37 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): 22,565
• Household income: $34,758
• Rent vs Own: 60.3% rent · 39.7% own
• Severe rent burden: 1516.0

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 0.56)
• Race & ethnicity: Black 59% White 29% Two or more races 7% Hispanic / Latino 5%
• Hispanic origin (detail): Mexican 2%
• Common ancestry: Lithuanian 2% Serbian 1% Slovak 1%
• Foreign-born: 2% · Canada
• Languages at home: 95% English-only · Spanish 4%

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: ▼ -110.16%
• Current HPI: 208.998
• Rent YoY: ▲ 10.49%
• Metro: Gulfport-Biloxi, MS
• State GDP YoY: —
• F500 in state: 0

Price history

+17.2% since first listed

17 events — show timeline

• 2026-05-05 Relisted — MLSU
• 2026-05-05 Price Changed $169,900 MLSU
• 2026-05-01 Listing Removed — MLSU
• 2026-04-03 Relisted — MLSU
• 2026-04-03 Price Changed $174,900 MLSU
• 2026-04-01 Listing Removed — MLSU
• 2026-03-19 Price Changed $179,900 MLSU
• 2026-01-29 Price Changed $189,900 MLSU
• 2025-12-03 Price Changed $199,900 MLSU
• 2025-11-18 Price Changed $214,900 MLSU
• 2025-10-22 Listed $224,900 MLSU
• 2025-02-03 Listing Removed — MLSU
• 2024-12-14 Price Changed $249,000 MLSU
• 2024-10-09 Price Changed $270,000 MLSU
• 2024-09-08 Listed $295,000 MLSU
• 2015-06-02 Sold (Public Records) $145,000 Public Records
• 2008-08-18 Sold (Public Records) — Public Records

Property tax history

+13.0%/yr

Latest (2025): $3,088 · +5.9% YoY. Source: county tax records.