757 Highland Dr · Biloxi, MS 39532

$199,000

4 bd · 2.0 ba · 2,189 sqft · SingleFamily public records · 4 Days on market

Built 1978 0.55 ac lot Est $355k · 44% under ↓ 33% since listing

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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 +25.5/30.0
• ARV discount +15.0/15.0
• DSCR +8.5/10.0
• 1% rule +6.4/10.0
• Schools +4.5/10.0
• Livability +4.0/5.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Fantastic fully renovated 4 bed/3bath stucco home in Biloxi. This 2 story home is loaded with upscale appointments and desgin elements. Giant en-suite master bedroom sits off the first floor. Beautiful designer kitchen features tile back splash, granite countertops and custom cabinetry. Home offers large open living room that features brick fireplace . Both bathrooms have updated tiled sorrounds. Other interior features include fresh paint thoughout, new laminate flooring and upgraded lighting. Home sits on 1 acre lot. You won't want to miss out on this home, it has so much to offer. Make your showing appointment today,

Key facts

• Custom cabinetry
• Fully renovated
• Designer kitchen

Tags

• FULLY RENOVATED
• DESIGNER KITCHEN
• TILE BACKSPLASH
• GRANITE COUNTERTOPS
• CUSTOM CABINETRY
• OPEN LIVING ROOM

Property features AI

Finance

• Other: Living area reported as 2,400 (source: public records)

Exterior

• Parking: Driveway
• Utilities: Public water; Public sewer; Electricity connected; Water connected; Sewer connected
• Home design: Single-family house; Two levels; Move-in ready
• Construction: Stucco exterior; Slab foundation; Built in public records (year built from public records)
• Exterior features: Asphalt shingle roof; Lot dimensions: 151' x 159' x 150' x 158'

Interior

• Kitchen: Dishwasher; Microwave; Granite counters
• Flooring: Carpet; Ceramic tile; Laminate
• Bathrooms: 3 full bathrooms
• Heating & cooling: Central heating; Central air; Ceiling fans
• Interior features: Ceiling fans; Crown molding; Double vanity; Granite counters; Walk-in closets; Living room fireplace

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $199k.

Deal economics

• At list price, monthly cash flow is $466 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $199k).
• Cap rate 9.1% 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-.
• Biloxi Public School District (urban): math 60% / reading 48% proficiency, ranked #7 of 130 in MS (top 5%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising (+3.0%/yr); 392 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 67% 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 $1k of loan paydown is wiped out by about $6k 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

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 3y ago 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: 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 $199,000

Questions for the listing agent

1. Built in 1978 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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.
4. 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.
5. 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: 1.14% ✓
• Cap rate: 9.10%
• Cash-on-cash: 10.04%
• DSCR: 1.45
• GRM: 7.3

CMA / ARV

• ARV (on-the-fly): $354,618
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
719 Holly Hills Dr	0.35mi	3/2.0 (-1)	2,150 (-2%)	2mo	$186,500	$87	74
712 Champagne Dr	0.29mi	3/2.0 (-1)	2,102 (-4%)	1mo	$360,000	$171	74
789 Sharon Hills Dr	0.11mi	4/2.0	1,876 (-14%)	0mo	$255,000	$136	71
730 Live Oak Dr	0.23mi	3/2.5 (-1)	2,394 (+9%)	1mo	$499,000	$208	66
709 Champagne Dr	0.27mi	4/2.0	2,411 (+10%)	7mo	$299,000	$124	65
720 Oleander Ln	0.65mi	4/3.0	2,200 (+0%)	1mo	$384,900	$175	64
757 Canterbury Dr	0.21mi	3/2.0 (-1)	1,920 (-12%)	2mo	$265,000	$138	64
2032 Englewood Dr	0.70mi	4/2.5	2,194 (+0%)	2mo	$355,900	$162	64
729 Canterbury Dr	0.27mi	3/2.0 (-1)	2,407 (+10%)	5mo	$235,000	$98	61
882 Rustwood Dr	0.53mi	3/2.0 (-1)	2,087 (-5%)	6mo	$245,000	$117	57
670 Mulberry Dr	0.52mi	3/2.0 (-1)	2,372 (+8%)	1mo	$435,000	$183	56
717 Clover Pl	0.75mi	4/3.0	2,430 (+11%)	1mo	$549,999	$226	42

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 · 2.98% rent growth · sell at horizon

5-year hold

• IRR: -1.2%
• Equity multiple: 0.95×
• Total profit: $-2,587
• Equity at exit: $29,672

10-year hold

• IRR: 8.4%
• Equity multiple: 1.64×
• Total profit: $35,823
• Equity at exit: $17,206

Cash invested: $55,720 (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: 392
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $2,270 high
• Mortgage (P&I): −$1,044
• Tax from tax record: −$200 /mo · $2,406/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$477
• Net cashflow: $466

Break-even live

Break-even rent $1,680

Max offer price $199,000

Occupancy floor 74%

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: $49,750
• Closing costs: $5,970
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
860 Leeward Dr Biloxi, MS	4.0	2.0	1885	$2,650	$1.41	13d	1	0.35mi
1955 Popps Ferry Rd Biloxi, MS	1.0–3.0	1.0–2.0	1347	$1,647	$1.22	43d	1	0.48mi
2171 Popps Ferry Rd Biloxi, MS	4.0	2.0	1625	$1,600	$0.98	43d	1	0.64mi
630 Bay Cove Dr Biloxi, MS	2.0–3.0	2.0	1780	$3,450	$1.94	43d	2	1.37mi
630 Bay Cove Dr #313 Biloxi, MS	3.0	2.0	2310	$3,450	$1.49	21d	1	1.37mi
2411 Sunkist Country Club Rd Biloxi, MS	3.0	2.0	1592	$1,800	$1.13	43d	1	1.49mi

Listing history 3 events

1. 2026-06-13
   statusdays on market $199,000 Pending 4 DOM
2. 2026-06-09
   remarks 645-char remark
3. 2026-06-09
   listed $199,000 Active 1 DOM

ⓘ 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: $2,406 · $200/mo
• Projected year-2 tax: $2,406 · $200/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) · 10% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 22 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,240
• − Mortgage interest: −$11,147
• − Property taxes: −$2,406
• − Insurance: −$995
• − Repairs & maintenance: −$2,179
• − Management: −$2,179
• − Depreciation: −$5,789
• Taxable income: $2,545
• Est. tax owed @ 24.0%: −$611
• After-tax cash flow: $4,985/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: Biloxi Public School District
• NCES district ID: 2800630
• Math proficiency: 60% ▼ -7.00%
• Reading proficiency: 48% ▼ -3.00%
• Median HH income: $40,608
• Composite: 45.26/100
• National rank: #2657
• State rank: #7 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

-33.4% since first listed

16 events — show timeline

• 2026-06-08 Listed $199,000 MLSU
• 2023-11-13 Sold (MLS) — MLSU
• 2023-10-11 Pending — MLSU
• 2023-09-06 Price Changed $239,000 MLSU
• 2023-08-26 Price Changed $249,900 MLSU
• 2023-08-01 Price Changed $254,900 MLSU
• 2023-07-11 Price Changed $264,900 MLSU
• 2023-06-25 Price Changed $274,900 MLSU
• 2023-06-07 Price Changed $284,900 MLSU
• 2023-05-15 Price Changed $289,000 MLSU
• 2023-05-08 Relisted — MLSU
• 2023-05-08 Listing Removed — MLSU
• 2023-04-21 Listed $298,777 MLSU
• 2022-08-22 Sold (Public Records) — Public Records
• 2022-08-22 Sold (Public Records) — Public Records
• 2022-08-22 Sold (Public Records) — Public Records

Property tax history

+27.9%/yr

Latest (2025): $2,406 · +58.6% YoY. Source: county tax records.