245 Mcdonnell Ave #226 · Biloxi, MS 39531

$99,900

2 bd · 1.0 ba · 885 sqft · Condo · 202 Days on market

Good condition $113/sqft · 31% below area Est $146k · 31% under $250/mo HOA · 18% of rent

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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 +20.7/30.0
• ARV discount +15.0/15.0
• 1% rule +8.6/10.0
• DSCR +6.6/10.0
• Schools +5.4/10.0
• Livability +4.0/5.0
• Condition / age +3.8/5.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

WELCOME TO 226 MCDONNELL AVE IN THE HEART OF BILOXI!! FULLY FURNISHED!! TURN KEY! APPROX 1 MILE TO BEACH This beautifully maintained 2-bedroom, 1-bath condo offers the perfect blend of convenience, comfort, and coastal living. Located approximately 1 mile from the beach this property puts you minutes from Biloxi's casinos, restaurants, entertainment, shopping, and waterfront attractions. whether you're looking for a primary residence, vacation getaway, or investment property, this one checks all the boxes. Enjoy access to the community pool, perfect for relaxing after a day at the beach or entertaining guests. Sold fully furnished and completely turn-key, this condo is move in ready or rental ready from day one. Everything you need is already in place - just bring your suitcase!

Key facts

• Community pool
• 1 mile to beach
• Fully furnished

Tags

• FULLY FURNISHED
• COMMUNITY POOL
• 1 MILE TO BEACH

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $100k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $135 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $100k).
• Recommended offer: $88k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.9% vs local median 3.9% 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.
• Zoned schools: Back Bay Elementary School (math 51% / reading 50%, grade D+, #59 of 375 statewide, top 16%, 535 students, 99% FRL); Biloxi Junior High (math 60% / reading 43%, grade C, #27 of 179 statewide, top 16%, 881 students, 100% FRL); Biloxi High School (math 65% / reading 53%, grade C+, #7 of 197 statewide, top 3%, 1,728 students, 100% FRL) — zoned schools average 100% FRL vs 59% district-wide (40 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents flat; 301 active listings in the ZIP; 38 comparable units currently listed for rent nearby; rentals leasing fast (median 6d on market — plan ~1-2 weeks tenant-placement turnaround); 45% 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 30% of the median local income ($54k/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 $691 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.

Negotiation context

• It's been on market 202 days — a 12% lower offer ($88k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $10k (9%) 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→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $87,912 (12.0% below list)

Questions for the listing agent

1. It's been on market 202 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.36% ✓
• Cap rate: 7.91%
• Cash-on-cash: 5.79%
• DSCR: 1.26
• GRM: 6.1

CMA / ARV

• ARV (median comp): $145,727
• List price: $99,900
• Delta: -31.45%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
245 Mc Donnell Ave #362	0.06mi	2/1.0	885 (0%)	0mo	$99,900	$113	97
1695 Wiltshire Blvd	0.59mi	2/1.0	885 (0%)	1mo	$60,000	$68	71
324 West Dr	0.63mi	2/1.0	780 (-12%)	0mo	$129,500	$166	50
180 Iris St	0.70mi	2/1.0	796 (-10%)	1mo	$163,500	$205	50
159 Clower St	0.74mi	3/1.0 (+1)	950 (+7%)	0mo	$110,000	$116	48
340 Stone Cir	0.60mi	2/1.0	725 (-18%)	1mo	$110,000	$152	46
343 Saint Mary Blvd	0.64mi	2/1.5	1,000 (+13%)	1mo	$123,000	$123	45
1680 Sunset Blvd	0.68mi	2/1.0	1,002 (+13%)	2mo	$140,600	$140	45
1664 Beach Blvd #164	0.58mi	1/1.0 (-1)	700 (-21%)	1mo	$135,000	$193	42
179 Summer Pl	1.24mi	2/1.0	739 (-16%)	2mo	$175,900	$238	39
166 Violet St	0.87mi	3/1.5 (+1)	1,010 (+14%)	0mo	$189,000	$187	34
360 Tanglewood Dr	1.27mi	3/1.5 (+1)	1,092 (+23%)	2mo	$114,500	$105	32

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 · 0.05% rent growth · sell at horizon

5-year hold

• IRR: -11.6%
• Equity multiple: 0.59×
• Total profit: $-11,349
• Equity at exit: $14,895

10-year hold

• IRR: -9.3%
• Equity multiple: 0.52×
• Total profit: $-13,295
• Equity at exit: $8,638

Cash invested: $27,972 (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 →

Active competition Active MLS

• For sale now: 1 active
• Median asking: $169,000 ($172/sqft)
• Median days on market: 305 d
• This list price: lowest-priced of the active set
• ARV vs active asking: -4.0% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 39531

• Home prices YoY: -13.0%
• Rents YoY: 0.1%
• Active inventory: 301
• Price-to-rent: 6.1×

Monthly cashflow live

• Estimated rent: $1,361 high
• Mortgage (P&I): −$524
• Tax est. 1.5%: −$125 /mo · $1,498/yr
• Insurance: −$42
• HOA: −$250
• Vacancy / Maint / Mgmt: −$286
• Net cashflow: $135

Break-even live

Break-even rent $1,190

Max offer price $99,900

Occupancy floor 85%

Sensitivity live

Price	-10% $204	-5% $169	+0% $135	+5% $100	+10% $66
Rent	-10% $27	-5% $81	+0% $135	+5% $189	+10% $242
Rate	-1.0pp $185	-0.5pp $160	base $135	+0.5pp $109	+1.0pp $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: $24,975
• Closing costs: $2,997
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 38 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
245 Mc Donnell Ave Unit E-131 Biloxi, MS	2.0	1.0	745	$995	$1.34	139d	1	0.02mi
245 Mc Donnell Ave Unit I-164 Biloxi, MS	2.0	1.0	745	$2,000	$2.68	6d	1	0.02mi
245 Mc Donnell Ave Unit G-147 Biloxi, MS	1.0	1.0	608	$1,500	$2.47	116d	1	0.02mi
245 Mc Donnell Ave Unit B-209 Biloxi, MS	1.0	1.0	608	$895	$1.47	6d	1	0.06mi
245 Mc Donnell Ave Biloxi, MS	2.0	1.0	775	$1,595	$2.06	116d	1	0.06mi
245 Mc Donnell Ave Unit A-106 Biloxi, MS	2.0	1.0	739	$1,000	$1.35	0d	1	0.09mi
1713 Stevens St Unit B Biloxi, MS	3.0	2.0	1100	$1,300	$1.18	6d	1	0.34mi
1713 Stevens St Unit A Biloxi, MS	3.0	2.0	1100	$1,300	$1.18	116d	1	0.34mi
1702 Stevens St Biloxi, MS	1.0	1.0	800	$700	$0.88	6d	1	0.38mi
1702 Stevens St Biloxi, MS	1.0	1.0	800	$750	$0.94	139d	1	0.38mi
1667 Irish Hill Dr Biloxi, MS	1.0–2.0	1.0–1.5	862	$1,100	$1.28	0d	1	0.40mi
1910 Southern Ave Apt S1 Biloxi, MS	1.0–2.0	1.0–1.5	725	$1,165	$1.61	0d	2	0.49mi
335 Rodenberg Ave Biloxi, MS	3.0	1.0	1014	$1,200	$1.18	6d	1	0.51mi
1732 James Buchanan Dr Biloxi, MS	3.0	2.0	1100	$1,600	$1.45	6d	1	0.54mi
1664 Beach Blvd Biloxi, MS	2.0	1.5	985	$1,625	$1.65	3d	2	0.54mi
1664 Beach Blvd Biloxi, MS	1.0–2.0	1.0–1.5	801	$1,550	$1.93	6d	2	0.54mi
1664 Beach Blvd Biloxi, MS	1.0–2.0	1.0–1.5	801	$2,100	$2.62	109d	2	0.54mi
1664 Beach Blvd Unit 1UNIT D70 Biloxi, MS	1.0	1.0	618	$1,700	$2.75	6d	1	0.54mi
1664 Beach Blvd Biloxi, MS	2.0	1.5	985	$2,295	$2.33	139d	1	0.56mi
122 Coral Breeze Dr Biloxi, MS	3.0	1.5	1000	$2,700	$2.70	139d	1	0.58mi
131 Althea St Biloxi, MS	2.0	1.0	667	$1,300	$1.95	6d	1	0.58mi
1710 James Buchanan Dr Biloxi, MS	3.0	2.0	1104	$1,600	$1.45	6d	1	0.58mi
340 Stone Cir Biloxi, MS	2.0	1.0	725	$1,050	$1.45	2d	1	0.62mi
118 Coral Breeze Dr Biloxi, MS	3.0	1.5	1000	$2,800	$2.80	109d	1	0.63mi
142 Coral Breeze Dr Biloxi, MS	2.0	1.5	1000	$3,100	$3.10	0d	1	0.64mi
1616 Gordon Ave Biloxi, MS	3.0	1.0	900	$1,425	$1.58	116d	1	0.68mi
330 Belvedere Dr Biloxi, MS	3.0	1.0	1000	$1,200	$1.20	109d	1	0.77mi
2050 North Dr Biloxi, MS	3.0	1.0	1034	$1,349	$1.30	6d	1	0.90mi
179 Dahlia St Biloxi, MS	2.0	1.0	949	$1,250	$1.32	2d	1	0.94mi
2068 Beach Blvd Unit 243 Biloxi, MS	2.0	2.0	1001	$1,600	$1.60	0d	1	1.05mi
2068 Beach Blvd Unit 202 Biloxi, MS	2.0	2.0	1001	$1,600	$1.60	139d	1	1.05mi
2068 Beach Blvd Unit 142 Biloxi, MS	2.0	2.0	1001	$1,600	$1.60	109d	1	1.05mi
2068 Beach Blvd Unit 342 Biloxi, MS	2.0	2.0	1001	$1,550	$1.55	109d	1	1.05mi
150 Pat Harrison St Biloxi, MS	2.0	1.0	673	$1,025	$1.52	6d	1	1.06mi
150 Pat Harrison St Biloxi, MS	2.0	1.0	673	$1,025	$1.52	139d	1	1.06mi
1496 Beach Blvd Biloxi, MS	2.0	1.5	1100	$1,300	$1.18	0d	1	1.15mi
1496 Beach Blvd Biloxi, MS	2.0	1.5	1100	$1,450	$1.32	109d	1	1.15mi
310 Abbey Ct Biloxi, MS	2.0–3.0	1.0–2.0	1062	$1,025	$0.97	116d	17	1.23mi

HOA detail $250/mo · $3,000/yr condo

• Likely covers: waterpool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 50 events

1. 2026-09-24
   days on market $99,900 Active 202 DOM
2. 2026-09-22
   days on market $99,900 Active 201 DOM
3. 2026-09-21
   days on market $99,900 Active 200 DOM
4. 2026-09-20
   days on market $99,900 Active 199 DOM
5. 2026-09-19
   days on market $99,900 Active 198 DOM
6. 2026-09-18
   days on market $99,900 Active 197 DOM
7. 2026-09-17
   days on market $99,900 Active 196 DOM
8. 2026-09-16
   days on market $99,900 Active 195 DOM
9. 2026-09-15
   days on market $99,900 Active 194 DOM
10. 2026-09-14
    days on market $99,900 Active 193 DOM
11. 2026-09-13
    days on market $99,900 Active 192 DOM
12. 2026-09-12
    days on market $99,900 Active 191 DOM
13. 2026-09-11
    days on market $99,900 Active 190 DOM
14. 2026-09-05
    days on market $99,900 Active 184 DOM
15. 2026-09-04
    days on market $99,900 Active 183 DOM
16. 2026-09-03
    days on market $99,900 Active 182 DOM
17. 2026-08-31
    days on market $99,900 Active 179 DOM
18. 2026-08-30
    days on market $99,900 Active 178 DOM
19. 2026-08-29
    days on market $99,900 Active 177 DOM
20. 2026-08-28
    days on market $99,900 Active 176 DOM
21. 2026-08-27
    days on market $99,900 Active 175 DOM
22. 2026-08-26
    days on market $99,900 Active 174 DOM
23. 2026-08-25
    days on market $99,900 Active 173 DOM
24. 2026-08-24
    days on market $99,900 Active 172 DOM
25. 2026-08-23
    days on market $99,900 Active 171 DOM
26. 2026-08-22
    days on market $99,900 Active 170 DOM
27. 2026-08-21
    days on market $99,900 Active 169 DOM
28. 2026-08-20
    days on market $99,900 Active 168 DOM
29. 2026-08-19
    days on market $99,900 Active 167 DOM
30. 2026-08-18
    days on market $99,900 Active 166 DOM
31. 2026-08-17
    days on market $99,900 Active 165 DOM
32. 2026-08-16
    days on market $99,900 Active 164 DOM
33. 2026-08-15
    days on market $99,900 Active 163 DOM
34. 2026-08-14
    days on market $99,900 Active 162 DOM
35. 2026-08-13
    days on market $99,900 Active 161 DOM
36. 2026-08-12
    days on market $99,900 Active 160 DOM
37. 2026-08-11
    days on market $99,900 Active 159 DOM
38. 2026-08-10
    days on market $99,900 Active 158 DOM
39. 2026-08-09
    days on market $99,900 Active 157 DOM
40. 2026-08-08
    days on market $99,900 Active 156 DOM
41. 2026-08-07
    days on market $99,900 Active 155 DOM
42. 2026-08-06
    days on market $99,900 Active 154 DOM
43. 2026-08-05
    days on market $99,900 Active 153 DOM
44. 2026-08-04
    days on market $99,900 Active 152 DOM
45. 2026-08-03
    days on market $99,900 Active 151 DOM
46. 2026-07-31
    days on market $99,900 Active 148 DOM
47. 2026-07-30
    days on market $99,900 Active 147 DOM
48. 2026-07-29
    days on market $99,900 Active 146 DOM
49. 2026-07-27
    days on market $99,900 Active 144 DOM
50. 2026-07-25
    days on market $99,900 Active 142 DOM

ⓘ 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 1/10 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 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,333
• − Mortgage interest: −$5,596
• − Property taxes: −$1,498
• − Insurance: −$500
• − Repairs & maintenance: −$1,307
• − Management: −$1,307
• − HOA: −$3,000
• − Depreciation: −$2,906
• Taxable income: $219
• Est. tax owed @ 24.0%: −$53
• After-tax cash flow: $1,566/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 · 10 photos

Good 75/100 Cosmetic rehab Est. rehab $4,425–$13,275 screening

This fully furnished and turn-key condo is in good condition with minor repairs needed in the kitchen and bathroom. It offers a great location and access to a community pool, making it a solid investment opportunity.

Repairs flagged

• Minor Kitchen countertops — Visible wear on countertops and backsplash.
• Minor Bathroom shower curtain — Worn appearance of shower curtain and fixtures.
• Minor Kitchen appliances — Functional but may need cleaning or minor repairs for aesthetic appeal.

Value-add opportunities

• Both Paint interior walls — Fresh paint can improve the overall appearance and value of the property. ↑
• Both Replace worn shower curtain and fixtures — Fresh and functional shower curtain and fixtures can improve the bathroom's appearance and functionality. ↑
• Both Clean and maintain kitchen countertops and backsplash — Clean and well-maintained countertops and backsplash can improve the kitchen's appearance and functionality. ↑
• Both Clean and maintain HVAC system — A clean and well-maintained HVAC system can improve the comfort and energy efficiency of the property. ↑
• Both Landscaping and pool maintenance — Well-maintained landscaping and pool can improve the curb appeal and overall value of the property. ↑

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

D Composite school gradezoned avg 54/100

Zoned Schools

Elementary Back Bay Elementary School D+ MS #59/375 Nat'l #12,398/41,679 Middle Biloxi Junior High C MS #27/179 Nat'l #3,192/14,009 High Biloxi High School C+ MS #7/197 Nat'l #3,898/17,239

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

B Composite livability gradescore 79/100

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 · 228,444 people
• City population: 63,281
• Metro: Gulfport-Biloxi, MS
• Population (ZIP): 18,918
• Household income: $54,218
• Rent vs Own: 61.4% rent · 38.6% own
• Severe rent burden: 8% of renters

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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%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: White 60% Black 18% Two or more races 12% Hispanic / Latino 11% Asian 2%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Lithuanian 6% Slovak 2% Serbian 1%
• Foreign-born: 8% · Canada, Vietnam
• Languages at home: 89% English-only · Spanish 6% Arabic 1% Other Indo-European 1%

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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: ▼ -28.97%
• Current HPI: 193.4018
• Rent YoY: ▬ 0.05%
• Metro: Gulfport-Biloxi, MS
• State GDP YoY: —
• F500 in state: 0

Price history

3 events — show timeline

• 2026-03-21 Relisted — MLSU
• 2026-03-18 Pending — MLSU
• 2026-03-02 Listed $110,000 MLSU