1520 43rd Ave · Gulfport, MS 39501

$105,000

2 bd · 1.0 ba · 648 sqft · SingleFamily public records · 146 Days on market

Built 1950 6,969 sqft lot $162/sqft · 93% above area Est $71k · 49% over

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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 +19.3/30.0
• DSCR +6.1/10.0
• Rent growth +5.0/5.0
• 1% rule +4.1/10.0
• Livability +3.7/5.0
• Schools +3.4/10.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Income producing rental being sold as a package with three other properties on the same street. This 2 bedroom 1 bath has had improvements to the interior and the roof was resealed in 2023. A 12' X 12' shed provides additional storage. Located just across the street from the Memorial Cardiac Center and Sleep Center Expansion, these properties are already zoned T4+ and are ideally located for commercial development of doctors offices or other supporting medical businesses. PROPERTIES ONLY SOLD AS A PACKAGE - SALES PRICE FOR ALL FOUR IS $450,000

Key facts

• 12 x 12 shed
• Roof resealed
• Zoned t4+

Tags

• INTERIOR IMPROVEMENTS
• ROOF RESEALED
• 12 X 12 SHED
• ZONED T4+
• COMMERCIAL DEVELOPMENT

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $105k.

Deal economics

• At list price, monthly cash flow is $115 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $96k (8.9% below list).
• Recommended offer: $92k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.6% 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; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 21d 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).
• This rent runs 33% of the median local income ($35k/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 $726 of loan paydown is wiped out by about $3k 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 $29k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 146 days — a 12% lower offer ($92k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1950 — 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 $92,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 146 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 1950 — 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. 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?
7. 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.
8. 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.
9. 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: 0.91% ✗
• Cap rate: 7.61%
• Cash-on-cash: 4.69%
• DSCR: 1.21
• GRM: 9.1

CMA / ARV

• ARV (median comp): $70,573
• List price: $105,000
• Delta: 48.78%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4511 W Railroad St	0.69mi	2/1.5	667 (+3%)	10mo	$154,900	$232	53

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: -4.1%
• Equity multiple: 0.84×
• Total profit: $-4,680
• Equity at exit: $15,656

10-year hold

• IRR: 10.2%
• Equity multiple: 1.96×
• Total profit: $28,201
• Equity at exit: $9,078

Cash invested: $29,400 (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: 9.1×

Monthly cashflow live

• Estimated rent: $957 medium
• Mortgage (P&I): −$551
• Tax from tax record: −$46 /mo · $557/yr
• Insurance: −$44
• HOA: −$0
• Vacancy / Maint / Mgmt: −$201
• Net cashflow: $115

Break-even live

Break-even rent $811

Max offer price $105,000

Occupancy floor 83%

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: $26,250
• Closing costs: $3,150
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1228 43rd Ave Gulfport, MS	1.0	1.0	550	$895	$1.63	13d	1	0.21mi
1228 43rd Ave Gulfport, MS	1.0	1.0	500	$750	$1.50	43d	1	0.21mi
3502 20th St Gulfport, MS	2.0	1.0	621	$995	$1.60	21d	1	0.56mi
2068 W Beach Blvd Biloxi, MS	1.0–3.0	1.0–2.0	998	$1,400	$1.40	13d	1	1.14mi

Listing history 16 events

1. 2026-06-18
   days on market $105,000 Active 146 DOM
2. 2026-06-17
   days on market $105,000 Active 145 DOM
3. 2026-06-16
   days on market $105,000 Active 144 DOM
4. 2026-06-15
   days on market $105,000 Active 143 DOM
5. 2026-06-14
   days on market $105,000 Active 141 DOM
6. 2026-06-13
   days on market $105,000 Active 140 DOM
7. 2026-06-10
   days on market $105,000 Active 138 DOM
8. 2026-06-09
   days on market $105,000 Active 137 DOM
9. 2026-06-08
   days on market $105,000 Active 136 DOM
10. 2026-06-07
    days on market $105,000 Active 135 DOM
11. 2026-06-05
    days on market $105,000 Active 132 DOM
12. 2026-06-02
    days on market $105,000 Active 130 DOM
13. 2026-06-01
    days on market $105,000 Active 129 DOM
14. 2026-05-31
    days on market $105,000 Active 128 DOM
15. 2026-05-30
    days on market $105,000 Active 127 DOM
16. 2026-01-23
    listed $105,000 Active 554-char remark

    Show marketing remark (554 chars)

    Income producing rental being sold as a package with three other properties on the same street. This 2 bedroom 1 bath has had improvements to the interior and the roof was resealed in 2023. A 12' X 12' shed provides additional storage. Located just across the street from the Memorial Cardiac Center and Sleep Center Expansion, these properties are already zoned T4+ and are ideally located for commercial development of doctors offices or other supporting medical businesses. PROPERTIES ONLY SOLD AS A PACKAGE - SALES PRICE FOR ALL FOUR IS $450,000

ⓘ 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: $557 · $46/mo
• Projected year-2 tax: $830 · $69/mo
• Expected delta: +$273/yr (+$23/mo · 49.0%)

ⓘ 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 2/10 Low
• 🌡 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: $11,478
• − Mortgage interest: −$5,882
• − Property taxes: −$557
• − Insurance: −$525
• − Repairs & maintenance: −$918
• − Management: −$918
• − Depreciation: −$3,055
• Taxable loss: −$376
• Est. tax savings @ 24.0%: +$90
• After-tax cash flow: $1,469/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

1 event — show timeline

• 2026-01-23 Listed $105,000 MLSU

Property tax history

+1.7%/yr

Latest (2025): $557 · +3.3% YoY. Source: county tax records.