212 Capri Pl #212 · Ocean Springs, MS 39564

$235,000

3 bd · 2.5 ba · 2,182 sqft · Townhouse · 16 Days on market

Built 2007 Good condition 1.61 ac lot $108/sqft · 13% below area Est $270k · 13% under $205/mo HOA · 11% of rent

---

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).

• ARV discount +13.3/15.0
• Cash flow +7.4/30.0
• Schools +5.3/10.0
• Livability +4.3/5.0
• Condition / age +4.0/5.0
• 1% rule +3.2/10.0
• Rent growth +2.8/5.0
• DSCR +1.5/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Opportunity is knocking at Lakeview Townhomes on Capri Place in Ocean Springs! Units 212, 312, and 314 are available for purchase individually, in any combination of two, or as a complete three-unit package, offering exceptional flexibility for investors or owner-occupants. All three units are currently leased, providing immediate income potential, and each features a newly installed roof for added value and peace of mind. Ideally located just minutes from I-10, shopping, restaurants, Ocean Springs Hospital, and the growing medical corridor along Highway 57, these approximately 2,182-square-foot lakefront townhomes offer an outstanding combination of convenience, quality, and affordability. Each unit features a spacious floor plan with a dramatic great room boasting 18-foot ceilings and beautiful lake views, a well-appointed kitchen with abundant cabinetry, Baltic Brown granite countertops, and custom finishes, plus a first-floor primary suite with a walk-in closet, private porch access, jetted tub, double vanity, and separate water closet. Upstairs are two oversized bedrooms, including one with a versatile bonus space ideal for an office, hobby room, or media area, along with an open loft overlooking the great room below. Additional features include brick and stucco construction, attached garages with high ceilings, covered front and rear porches, crown molding, custom lighting and fans, separate laundry rooms, walk-in closets, off-street parking, excellent drainage, and a desirable no-flood-zone location. These well-maintained lakefront properties offer a rare opportunity to purchase one, two, or all three units in one of Ocean Springs' most convenient and sought-after locations.

Key facts

• $205 HOA
• Garage
• Built 2007

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath townhouse listed at $235k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-304 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $191k (18.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $193k (17.9% below list).
• Recommended offer: $191k (18.7% below list) — sets the bar for cash-flow.

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.
• Market conditions: Rents rising (+1.3%/yr); 718 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 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 $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 16 days — a 2% lower offer ($231k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $191,013 (18.7% 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. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
7. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
8. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
9. 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.
10. 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.
11. 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: 0.82% ✗
• Cap rate: 4.74%
• Cash-on-cash: -5.54%
• DSCR: 0.75
• GRM: 10.1

CMA / ARV

• ARV (median comp): $269,560
• List price: $235,000
• Delta: 155.97%
• Verdict: OVERPRICED
• Comps: 1 within 2.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
214 Capri Pl	0.01mi	3/2.5	2,150 (-2%)	2mo	$235,000	$109	95
313 Capri Pl	0.03mi	3/2.5	2,150 (-2%)	23mo	$225,000	$105	77

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: -27.9%
• Equity multiple: 0.08×
• Total profit: $-60,514
• Equity at exit: $35,039

10-year hold

• IRR: -35.3%
• Equity multiple: -0.36×
• Total profit: $-89,800
• Equity at exit: $20,319

Cash invested: $65,800 (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: 718
• Price-to-rent: 10.1×

Monthly cashflow live

• Estimated rent: $1,930 medium
• Mortgage (P&I): −$1,232
• Tax est. 1.5%: −$294 /mo · $3,525/yr
• Insurance: −$98
• HOA: −$205
• Vacancy / Maint / Mgmt: −$405
• Net cashflow: $-304

Break-even live

Break-even rent $2,315

Max offer price $191,013

Occupancy floor —

Sensitivity live

Price	-10% $-142	-5% $-223	+0% $-304	+5% $-385	+10% $-466
Rent	-10% $-456	-5% $-380	+0% $-304	+5% $-228	+10% $-151
Rate	-1.0pp $-186	-0.5pp $-244	base $-304	+0.5pp $-365	+1.0pp $-427

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: $58,750
• Closing costs: $7,050
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
132 Gettysburg Cir Ocean Springs, MS	4.0	3.0	1689	$2,195	$1.30	22d	1	1.08mi

HOA detail

• Monthly dues: $205 · $2,460/yr
• Likely covers: water

Listing history 16 events

1. 2026-06-21
   days on market $235,000 Active 16 DOM
2. 2026-06-18
   days on market $235,000 Active 13 DOM
3. 2026-06-17
   days on market $235,000 Active 12 DOM
4. 2026-06-16
   days on market $235,000 Active 11 DOM
5. 2026-06-15
   days on market $235,000 Active 10 DOM
6. 2026-06-14
   days on market $235,000 Active 8 DOM
7. 2026-06-13
   days on market $235,000 Active 7 DOM
8. 2026-06-10
   days on market $235,000 Active 5 DOM
9. 2026-06-09
   days on market $235,000 Active 4 DOM
10. 2026-06-08
    days on market $235,000 Active 3 DOM
11. 2026-06-07
    pricedays on marketlisting id $235,000 Active 2 DOM
12. 2026-06-02
    days on market $690,000 Active 96 DOM
13. 2026-06-01
    days on market $690,000 Active 95 DOM
14. 2026-05-31
    days on market $690,000 Active 94 DOM
15. 2026-05-30
    days on market $690,000 Active 93 DOM
16. 2026-02-26
    listed $690,000 Active 2756-char remark

    Show marketing remark (1711 chars)

    Opportunity is knocking at Lakeview Townhomes on Capri Place in Ocean Springs! Units 212, 312, and 314 are available for purchase individually, in any combination of two, or as a complete three-unit package, offering exceptional flexibility for investors or owner-occupants. All three units are currently leased, providing immediate income potential, and each features a newly installed roof for added value and peace of mind. Ideally located just minutes from I-10, shopping, restaurants, Ocean Springs Hospital, and the growing medical corridor along Highway 57, these approximately 2,182-square-foot lakefront townhomes offer an outstanding combination of convenience, quality, and affordability. Each unit features a spacious floor plan with a dramatic great room boasting 18-foot ceilings and beautiful lake views, a well-appointed kitchen with abundant cabinetry, Baltic Brown granite countertops, and custom finishes, plus a first-floor primary suite with a walk-in closet, private porch access, jetted tub, double vanity, and separate water closet. Upstairs are two oversized bedrooms, including one with a versatile bonus space ideal for an office, hobby room, or media area, along with an open loft overlooking the great room below. Additional features include brick and stucco construction, attached garages with high ceilings, covered front and rear porches, crown molding, custom lighting and fans, separate laundry rooms, walk-in closets, off-street parking, excellent drainage, and a desirable no-flood-zone location. These well-maintained lakefront properties offer a rare opportunity to purchase one, two, or all three units in one of Ocean Springs' most convenient and sought-after locations.

ⓘ 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 6/10 Major FEMA zone X (shaded) · 70% chance over 30 yrs
• 🔥 Wildfire 6/10 Major
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 23 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: $23,165
• − Mortgage interest: −$13,164
• − Property taxes: −$3,525
• − Insurance: −$1,175
• − Repairs & maintenance: −$1,853
• − Management: −$1,853
• − HOA: −$2,460
• − Depreciation: −$6,836
• Taxable loss: −$7,701
• Est. tax savings @ 24.0%: +$1,848
• After-tax cash flow: $-1,800/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.

Condition & rehab AI · 6 photos

Good 80/100 Cosmetic rehab

This well-maintained townhome is in good condition with no major repairs needed. It offers a good balance of interior and exterior features, making it a solid investment opportunity.

Value-add opportunities

• Resale Painting the exterior and interior walls — Fresh paint can enhance the home's curb appeal and make it more attractive to potential buyers.
• Rental Landscaping improvements — Well-maintained landscaping can increase the home's rental value by making it more appealing to tenants.

Renovation cost estimate screening

Value-add ROI direction

• Resale Painting the exterior and interior walls — Fresh paint can enhance the home's curb appeal and make it more attractive to potential buyers. ↑
• Rental Landscaping improvements — Well-maintained landscaping can increase the home's rental value by making it more appealing to tenants. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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

-65.9% since first listed

2 events — show timeline

• 2026-06-05 Listed $235,000 MLSU
• 2026-02-26 Listed $690,000 MLSU