14225 Old Highway 67 · Biloxi, MS 39532

$267,500

4 bd · 2.0 ba · 2,560 sqft · Manufactured public records · 114 Days on market

Built 2002 2.17 ac lot ↓ 11% since listing

---

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 +12.4/30.0
• ARV discount +7.5/15.0
• Schools +4.2/10.0
• Livability +4.0/5.0
• DSCR +3.7/10.0
• 1% rule +3.5/10.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Here's your chance to own a piece of paradise! Nestled on 2.17 acres, this beautifully maintained property offers the perfect blend of peaceful country living and convenient access to town. The property features a stocked pond with bass, bream, and catfish—ideal for relaxing afternoons outdoors. The spacious 2,432 sq. ft. home offers 4 bedrooms and 2 baths, designed with an open-concept floor plan. The kitchen, living, and dining areas flow seamlessly together, creating the perfect space for entertaining family and friends. Enjoy two large living areas, with one of the family rooms featuring a wood-burning fireplace, perfect for cozy evenings. The primary suite features a large bedroo

Key facts

• Home generator
• Stocked pond
• Storage buildings

Tags

• STOCKED POND
• WOOD BURNING FIREPLACE
• HOME GENERATOR
• STORAGE BUILDINGS
• WORKSHOP WITH ELECTRICITY

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath manufactured listed at $268k.

Deal economics

• At list price, monthly cash flow is $-43 ($-511/yr) — negative.
• To cash-flow at today's rent, offer at most $261k (2.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $229k (14.5% below list).
• Recommended offer: $229k (14.5% below list) — sets the bar for 1% rule.
• Cap rate 6.1% vs local median 3.5% in Biloxi — 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 79/100 on livability (#6 in MS, #2,141 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: commute D+, amenities F, employment D-.
• 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 (+3.0%/yr); 393 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 75% 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 40% of the median local income ($69k/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 $2k of loan paydown is wiped out by about $8k 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.

Negotiation context

• It's been on market 114 days — a 9% lower offer ($243k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $30k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

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

Recommended offer $228,613 (14.5% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 114 days. Have you received any prior offers? Is the seller open to a 15% concession, seller financing, or rate buy-down credit?
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. 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: 0.85% ✗
• Cap rate: 6.10%
• Cash-on-cash: -0.68%
• DSCR: 0.97
• GRM: 9.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.98% rent growth · sell at horizon

5-year hold

• IRR: -17.4%
• Equity multiple: 0.38×
• Total profit: $-46,071
• Equity at exit: $39,885

10-year hold

• IRR: -9.5%
• Equity multiple: 0.42×
• Total profit: $-43,659
• Equity at exit: $23,129

Cash invested: $74,900 (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 39532

• Rents YoY: 3.0%
• Active inventory: 393
• Price-to-rent: 9.8×

Monthly cashflow live

• Estimated rent: $2,286 medium
• Mortgage (P&I): −$1,403
• Tax est. 1.5%: −$334 /mo · $4,012/yr
• Insurance: −$111
• HOA: −$0
• Vacancy / Maint / Mgmt: −$480
• Net cashflow: $-43

Break-even live

Break-even rent $2,340

Max offer price $261,337

Occupancy floor 97%

Sensitivity live

Price	-10% $142	-5% $50	+0% $-43	+5% $-135	+10% $-227
Rent	-10% $-223	-5% $-133	+0% $-43	+5% $48	+10% $138
Rate	-1.0pp $92	-0.5pp $25	base $-43	+0.5pp $-112	+1.0pp $-182

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: $66,875
• Closing costs: $8,025
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6248 Emerald Lake Dr Biloxi, MS	4.0	2.0	2557	$2,300	$0.90	15d	1	1.02mi
14870 E Shadow Creek Dr Biloxi, MS	4.0	2.0	2357	$2,500	$1.06	45d	1	1.08mi
6550 Eastland Cir Biloxi, MS	4.0	2.0	2037	$2,250	$1.10	45d	1	1.22mi
13913 Ruby Ln Biloxi, MS	4.0	3.0	2508	$2,500	$1.00	45d	1	1.23mi

Listing history 13 events

1. 2026-06-21
   days on market $267,500 Active 114 DOM
2. 2026-06-18
   days on market $267,500 Active 111 DOM
3. 2026-06-17
   days on market $267,500 Active 110 DOM
4. 2026-06-16
   days on market $267,500 Active 109 DOM
5. 2026-06-15
   days on market $267,500 Active 108 DOM
6. 2026-06-14
   days on market $267,500 Active 106 DOM
7. 2026-06-13
   statusdays on market $267,500 Active 105 DOM
8. 2026-04-27
   status Pending
9. 2026-04-10
   price $267,500
10. 2026-02-19
    price $289,500
11. 2026-01-13
    listed $297,000 Active
12. 2025-12-12
    historical
13. 2025-10-17
    listed $299,000 Active

ⓘ 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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 9/10 Extreme 7 d/yr ≥107°F today · 21 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,434
• − Mortgage interest: −$14,984
• − Property taxes: −$4,012
• − Insurance: −$1,338
• − Repairs & maintenance: −$2,195
• − Management: −$2,195
• − Depreciation: −$7,782
• Taxable loss: −$5,072
• Est. tax savings @ 24.0%: +$1,217
• After-tax cash flow: $706/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 — Biloxi

• Score: 79/100
• State rank: #6
• US rank: #2141

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Biloxi, MS
• County: Harrison County · 178,171 people
• City population: 63,281
• Metro: Gulfport-Biloxi, MS
• Population (ZIP): 36,662
• Household income: $68,710
• Rent vs Own: 36.7% rent · 63.3% own
• Severe rent burden: 954.0

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: Predominantly White (69%)
• Race & ethnicity: White 69% Black 15% Two or more races 9% Hispanic / Latino 6% Asian 4%
• Hispanic origin (detail): Mexican 2%
• Common ancestry: Lithuanian 5% Italian 2% Serbian 2%
• Foreign-born: 4% · Vietnam, Canada
• Languages at home: 94% English-only · Spanish 2% Vietnamese 1% Other Indo-European 1%

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: ▼ -90.04%
• Current HPI: 154.9975
• Rent YoY: ▲ 2.98%
• Metro: Gulfport-Biloxi, MS
• State GDP YoY: —
• F500 in state: 0

Price history

-10.5% since first listed

6 events — show timeline

• 2026-04-27 Pending — MLSU
• 2026-04-10 Price Changed $267,500 MLSU
• 2026-02-19 Price Changed $289,500 MLSU
• 2026-01-13 Listed $297,000 MLSU
• 2025-12-12 Listing Removed — MLSU
• 2025-10-17 Listed $299,000 MLSU