3905 Yosemite Dr · Ocean Springs, MS 39564

$209,999

3 bd · 2.0 ba · 1,170 sqft · SingleFamily public records · 47 Days on market

Built 1993 8,276 sqft lot $179/sqft · at area comps Est $211k · 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 +12.9/30.0
• ARV discount +7.8/15.0
• Schools +5.3/10.0
• Livability +4.3/5.0
• DSCR +3.9/10.0
• 1% rule +3.0/10.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming 3BR, 2BA home with updated roof and HVAC! Features 1170 sq ft, split floorplan, vaulted ceiling, and a private backyard with a fence. Conveniently located near downtown Ocean Springs, offering easy access to shops, restaurants, beaches, and Gulf Islands National Seashore. Don't miss out!

Key facts

• Modern appliances
• Updated flooring
• Ample cabinet space

Tags

• UPDATED FLOORING
• HIGH VAULTED CEILING
• BUTCHER BLOCK COUNTERTOPS
• MODERN APPLIANCES
• AMPLE CABINET SPACE
• PRIVATE BATHROOM

Property features AI

Finance

• HOA & community: Nearby amenities include biking trails, boating, fishing, hiking/walking trails, marina, parks, restaurants, and entertainment

Exterior

• Parking: Attached garage (1 car); Driveway with paved access; Direct garage access
• Utilities: Public water; Public sewer; Electricity connected; Water connected; Sewer connected
• Home design: Single-family house; One story; Move-in ready
• Construction: Brick veneer and HardiPlank exterior; Shingle roof; Slab foundation; Built (year source: public records)
• Exterior features: Front porch; Private yard; Back yard privacy fencing; Cleared interior lot; Lot dimensions approximately 78 x 110

Interior

• Kitchen: Dishwasher; Free-standing electric range; Microwave; Refrigerator
• Flooring: Luxury vinyl; Combination flooring; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central electric heating; Central electric air conditioning; Ceiling fans
• Interior features: High ceilings; Vaulted ceilings; Deadbolt locks; Sliding glass doors
• Laundry & utility: Laundry located in garage; Water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $210k.

Deal economics

• At list price, monthly cash flow is $-16 ($-197/yr) — negative.
• To cash-flow at today's rent, offer at most $207k (1.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $168k (20.1% below list).
• Recommended offer: $168k (20.1% below list) — sets the bar for 1% rule.
• Cap rate 6.2% vs local median 4.2% in Ocean Springs — 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 86/100 on livability (#2 in MS, #420 nationally) — a professional / high-income tenant draw. Strengths: crime A+, amenities A+, cost of living A+; Watch: commute F.
• Ocean Springs School District (suburban): math 64% / reading 59% proficiency, ranked #1 of 130 in MS (top 1%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Pecan Park Elementary School (math 62% / reading 57%, grade B-, #27 of 375 statewide, top 8%, 530 students, 99% FRL); Ocean Springs Upper Elementary Scho (math 59% / reading 56%, grade B, #12 of 179 statewide, top 6%, 1,332 students, 100% FRL); Ocean Springs High School (math 77% / reading 64%, grade B+, #1 of 197 statewide, top 0%, 1,899 students, 100% FRL) — zoned schools average 100% FRL vs 33% district-wide (67 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+1.3%/yr); 723 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 516 units permitted in Jackson County in 2024 (6 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.

Negotiation context

• It's been on market 47 days — a 3% lower offer ($204k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 11y ago; this cycle's ask has dropped $15k (7%) 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; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $167,802 (20.1% 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 47 days. Have you received any prior offers? Is the seller open to a 20% concession, seller financing, or rate buy-down credit?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 0.80% ✗
• Cap rate: 6.20%
• Cash-on-cash: -0.33%
• DSCR: 0.99
• GRM: 10.4

CMA / ARV

• ARV (median comp): $211,332
• List price: $209,999
• Delta: -0.63%
• 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
414 Woodward Dr	0.11mi	3/2.0	1,212 (+4%)	11mo	$217,000	$179	80
120 Yellowstone Cir	0.29mi	3/1.5	1,200 (+3%)	8mo	$199,800	$167	74
207 April Ln	0.14mi	3/2.0	1,275 (+9%)	7mo	$239,000	$187	73
4110 Groveland Rd	0.38mi	3/2.0	1,141 (-2%)	9mo	$189,500	$166	70
8708 Old Ccc Camp Rd	0.55mi	3/2.0	1,089 (-7%)	2mo	$92,000	$84	61
103 Grand Teton Dr	0.48mi	4/1.2 (+1)	1,235 (+6%)	1mo	$199,900	$162	60
1308 Parktown Dr	0.43mi	3/1.5	1,064 (-9%)	4mo	$175,000	$164	60
4213 Yosemite Dr	0.46mi	3/1.5	1,247 (+7%)	8mo	$175,000	$140	59
1317 Chalmette Ave	0.35mi	3/2.0	1,300 (+11%)	9mo	$180,000	$138	58
108 Vicksburg Pl	0.55mi	3/1.5	1,042 (-11%)	1mo	$209,700	$201	54
103 Niagara Ave	0.52mi	3/1.0	1,075 (-8%)	10mo	$139,900	$130	50
8813 Stonewall St	0.63mi	3/2.0	1,300 (+11%)	11mo	$179,990	$138	43

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 · 1.31% rent growth · sell at horizon

5-year hold

• IRR: -18.6%
• Equity multiple: 0.36×
• Total profit: $-37,920
• Equity at exit: $31,312

10-year hold

• IRR: -14.6%
• Equity multiple: 0.22×
• Total profit: $-45,664
• Equity at exit: $18,157

Cash invested: $58,800 (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 39564

• Home prices YoY: -26.8%
• Rents YoY: 1.3%
• Active inventory: 723
• Price-to-rent: 10.4×

Monthly cashflow live

• Estimated rent: $1,678 high
• Mortgage (P&I): −$1,101
• Tax from tax record: −$153 /mo · $1,839/yr
• Insurance: −$87
• HOA: −$0
• Vacancy / Maint / Mgmt: −$352
• Net cashflow: $-16

Break-even live

Break-even rent $1,699

Max offer price $207,105

Occupancy floor 96%

Sensitivity live

Price	-10% $102	-5% $43	+0% $-16	+5% $-76	+10% $-135
Rent	-10% $-149	-5% $-83	+0% $-16	+5% $50	+10% $116
Rate	-1.0pp $89	-0.5pp $37	base $-16	+0.5pp $-71	+1.0pp $-126

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: $52,500
• Closing costs: $6,300
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3910 Yosemite Dr Ocean Springs, MS	3.0	2.0	1070	$1,595	$1.49	45d	1	0.03mi
1200 Deana Rd Ocean Springs, MS	2.0	2.0	1063	$1,337	$1.26	45d	1	0.26mi
1200 Deana Rd Ocean Springs, MS	2.0	2.0	1063	$1,296	$1.22	23d	1	0.26mi
1200 Deana Rd Ocean Springs, MS	2.0	2.0	1063	$1,405	$1.32	15d	1	0.26mi
3500 Groveland Rd Ocean Springs, MS	2.0–3.0	2.0	1173	$1,750	$1.49	15d	1	0.74mi
4730 Gibson Rd Ocean Springs, MS	2.0	1.0	1010	$1,205	$1.19	23d	1	1.16mi

Listing history 25 events

1. 2026-06-21
   days on market $209,999 Active 47 DOM
2. 2026-06-18
   days on market $209,999 Active 44 DOM
3. 2026-06-17
   days on market $209,999 Active 43 DOM
4. 2026-06-16
   days on market $209,999 Active 42 DOM
5. 2026-06-15
   days on market $209,999 Active 41 DOM
6. 2026-06-14
   pricedays on market $209,999 Active 39 DOM
7. 2026-06-13
   days on market $214,999 Active 38 DOM
8. 2026-06-10
   pricedays on market $214,999 Active 36 DOM
9. 2026-06-09
   days on market $219,999 Active 35 DOM
10. 2026-06-08
    days on market $219,999 Active 34 DOM
11. 2026-06-07
    days on market $219,999 Active 33 DOM
12. 2026-06-02
    days on market $219,999 Active 28 DOM
13. 2026-06-01
    days on market $219,999 Active 27 DOM
14. 2026-06-01
    price $219,999 Active 26 DOM
15. 2026-05-31
    days on market $225,000 Active 26 DOM
16. 2026-05-30
    days on market $225,000 Active 25 DOM
17. 2026-05-05
    listed $225,000 Active 1225-char remark
18. 2023-06-26
    soldstatus
19. 2023-06-23
    soldstatus Closed 297-char remark

    Show marketing remark (297 chars)

    Charming 3BR, 2BA home with updated roof and HVAC! Features 1170 sq ft, split floorplan, vaulted ceiling, and a private backyard with a fence. Conveniently located near downtown Ocean Springs, offering easy access to shops, restaurants, beaches, and Gulf Islands National Seashore. Don't miss out!

20. 2023-05-30
    status Pending 297-char remark

    Show marketing remark (297 chars)

    Charming 3BR, 2BA home with updated roof and HVAC! Features 1170 sq ft, split floorplan, vaulted ceiling, and a private backyard with a fence. Conveniently located near downtown Ocean Springs, offering easy access to shops, restaurants, beaches, and Gulf Islands National Seashore. Don't miss out!

21. 2023-05-13
    listed $195,000 Active 297-char remark

    Show marketing remark (297 chars)

    Charming 3BR, 2BA home with updated roof and HVAC! Features 1170 sq ft, split floorplan, vaulted ceiling, and a private backyard with a fence. Conveniently located near downtown Ocean Springs, offering easy access to shops, restaurants, beaches, and Gulf Islands National Seashore. Don't miss out!

22. 2017-03-10
    soldstatus

    Show marketing remark (797 chars)

    Fantastic home for downsizing or for your first purchase. Unique & thoughtfully designed living room with a vaulted ceiling and beam, plus two skylights. Sunlight beams through the skylights onto the overhead nook. The split floor plan allows a little serenity at the end of the day and place to unplug from the world. Nice master suite with full bath and a walk-in closet with space for all your things. The kitchen has plenty of cabinet storage plus a large pantry. Granite countertops are just one of the many features of the well laid out kitchen. The backyard is spacious and enclosed with a wooden privacy fence. Along the fence are several fabulous crape myrtle trees just waiting to bloom this spring. Have your next get together on the patio or just sip coffee and enjoy the outdoors.

23. 2017-02-02
    listed $102,500

    Show marketing remark (797 chars)

    Fantastic home for downsizing or for your first purchase. Unique & thoughtfully designed living room with a vaulted ceiling and beam, plus two skylights. Sunlight beams through the skylights onto the overhead nook. The split floor plan allows a little serenity at the end of the day and place to unplug from the world. Nice master suite with full bath and a walk-in closet with space for all your things. The kitchen has plenty of cabinet storage plus a large pantry. Granite countertops are just one of the many features of the well laid out kitchen. The backyard is spacious and enclosed with a wooden privacy fence. Along the fence are several fabulous crape myrtle trees just waiting to bloom this spring. Have your next get together on the patio or just sip coffee and enjoy the outdoors.

24. 2015-08-10
    soldstatus
25. 2015-06-09
    listed $99,000

ⓘ 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: $1,839 · $153/mo
• Projected year-2 tax: $1,839 · $153/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 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 · 24 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: $20,136
• − Mortgage interest: −$11,763
• − Property taxes: −$1,839
• − Insurance: −$1,050
• − Repairs & maintenance: −$1,611
• − Management: −$1,611
• − Depreciation: −$6,109
• Taxable loss: −$3,847
• Est. tax savings @ 24.0%: +$923
• After-tax cash flow: $727/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: Ocean Springs School District
• NCES district ID: 2803360
• Math proficiency: 64% ▼ -3.00%
• Reading proficiency: 59% ▲ 1.00%
• Median HH income: $60,485
• Composite: 53.35/100
• National rank: #1477
• State rank: #1 of 130 in MS

Livability — Ocean Springs

• Score: 86/100
• State rank: #2
• US rank: #420

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Ocean Springs, MS
• County: Jackson County · 82,196 people
• City population: 43,240
• Metro: Gulfport-Biloxi, MS
• Population (ZIP): 43,240
• Household income: $78,596
• Rent vs Own: 27.8% rent · 72.2% own
• Severe rent burden: 734.0

Population outlook (Jackson County) Hauer SSP2

• Today (2025): 146,926 people
• By 2030: 148,442 · +1.0%
• By 2040: 149,631 · +1.8%
• By 2050: 148,723 · +1.2%
• By 2075: 147,845 · +0.6%
• By 2100: 144,510 · -1.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (74%)
• Race & ethnicity: White 74% Black 10% Hispanic / Latino 8% Two or more races 7% Asian 4%
• Hispanic origin (detail): Mexican 3% Puerto Rican 2%
• Common ancestry: Lithuanian 5% Slovak 4% Romanian 2%
• Foreign-born: 5% · Canada, South Korea, Vietnam
• Languages at home: 93% English-only · Spanish 3% Vietnamese 2% Tagalog/Filipino 1%

Political lean MEDSL · Jackson

• 2024 margin: Solid R (+39.9) · D 29.5% · R 69.4% · Other 1.1%
• 2008→2024 swing: -6.4pp toward R · 2008: -33.5pp · 2024: -39.9pp
• All cycles: 2024: R+39.9 2020: R+34.6 2016: R+39.9 2012: R+36.1 2008: R+33.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -74.77%
• Current HPI: 204.2244
• Rent YoY: ▲ 1.31%
• Metro: Gulfport-Biloxi, MS
• State GDP YoY: —
• F500 in state: 0

Price history

+112.1% since first listed

12 events — show timeline

• 2026-06-13 Price Changed $209,999 MLSU
• 2026-06-09 Price Changed $214,999 MLSU
• 2026-05-31 Price Changed $219,999 MLSU
• 2026-05-05 Listed $225,000 MLSU
• 2023-06-26 Sold (Public Records) — Public Records
• 2023-06-23 Sold (MLS) — MLSU
• 2023-05-30 Pending — MLSU
• 2023-05-13 Listed $195,000 MLSU
• 2017-03-10 Sold (MLS) — MLSU
• 2017-02-02 Listed $102,500 MLSU
• 2015-08-10 Sold (MLS) — MLSU
• 2015-06-09 Listed $99,000 MLSU

Property tax history

+8.5%/yr

Latest (2025): $1,839 · +6.2% YoY. Source: county tax records.