245 Mcdonnell Ave #226 · Biloxi, MS 39531

$99,900

2 bd · 1.0 ba · 885 sqft · Condo · 156 Days on market

Built 1970 Good condition $113/sqft · 36% below area Est $155k · 36% under $250/mo HOA · 18% of rent

---

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 +21.4/30.0
• ARV discount +15.0/15.0
• 1% rule +8.8/10.0
• DSCR +6.8/10.0
• 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 $149 ($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 8.1% vs local median 3.8% 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; 268 active listings in the ZIP; 20 comparable units currently listed for rent nearby; rentals lingering (median 70d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% 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 31% 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 156 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 156 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 1970 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. 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?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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 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: 1.38% ✓
• Cap rate: 8.08%
• Cash-on-cash: 6.39%
• DSCR: 1.28
• GRM: 6.0

CMA / ARV

• ARV (median comp): $155,125
• List price: $99,900
• Delta: -35.60%
• 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
236 Dewey Cir	0.36mi	2/2.0	930 (+5%)	5mo	$159,000	$171	66
325 Hiller Dr	0.50mi	2/1.0	821 (-7%)	3mo	$129,900	$158	62
1664 Beach Blvd #63	0.58mi	2/1.5	985 (+11%)	4mo	$160,000	$162	49
1775 Vaughn St	0.35mi	3/1.0 (+1)	1,037 (+17%)	6mo	$89,900	$87	49
321 Hiller Dr	0.50mi	2/1.0	742 (-16%)	4mo	$75,000	$101	48
1664 Beach Blvd #101	0.58mi	2/1.5	985 (+11%)	5mo	$185,000	$188	48
1664 Beach Blvd #94	0.58mi	2/1.5	985 (+11%)	7mo	$167,900	$170	47
163 Clower St	0.73mi	3/1.0 (+1)	950 (+7%)	4mo	$199,000	$209	45
179 Summer Pl	1.24mi	2/1.0	739 (-16%)	0mo	$175,900	$238	40
1658 Hollywood Blvd	0.77mi	2/1.0	1,017 (+15%)	3mo	$164,000	$161	38
319 Belvedere Dr	0.77mi	3/1.0 (+1)	1,020 (+15%)	2mo	$159,900	$157	34
333 Belvedere Dr	0.79mi	3/2.0 (+1)	1,040 (+18%)	5mo	$155,000	$149	26

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: -10.7%
• Equity multiple: 0.62×
• Total profit: $-10,503
• Equity at exit: $14,895

10-year hold

• IRR: -8.0%
• Equity multiple: 0.59×
• Total profit: $-11,602
• 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: +2.2% 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: 268
• Price-to-rent: 6.0×

Monthly cashflow live

• Estimated rent: $1,379 high
• Mortgage (P&I): −$524
• Tax est. 1.5%: −$125 /mo · $1,498/yr
• Insurance: −$42
• HOA: −$250
• Vacancy / Maint / Mgmt: −$290
• Net cashflow: $149

Break-even live

Break-even rent $1,190

Max offer price $99,900

Occupancy floor 84%

Sensitivity live

Price	-10% $218	-5% $183	+0% $149	+5% $114	+10% $80
Rent	-10% $40	-5% $94	+0% $149	+5% $203	+10% $258
Rate	-1.0pp $199	-0.5pp $174	base $149	+0.5pp $123	+1.0pp $97

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 20 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	92d	1	0.02mi
245 Mc Donnell Ave Unit I-164 Biloxi, MS	2.0	1.0	745	$1,195	$1.60	92d	1	0.02mi
245 Mc Donnell Ave Unit G-147 Biloxi, MS	1.0	1.0	608	$1,500	$2.47	70d	1	0.02mi
245 Mc Donnell Ave Biloxi, MS	2.0	1.0	775	$1,595	$2.06	70d	1	0.06mi
1713 Stevens St Unit A Biloxi, MS	3.0	2.0	1100	$1,300	$1.18	70d	1	0.34mi
1702 Stevens St Biloxi, MS	1.0	1.0	800	$750	$0.94	92d	1	0.38mi
1667 Irish Hill Dr Biloxi, MS	1.0–2.0	1.0–1.5	862	$1,049	$1.22	62d	1	0.40mi
1910 Southern Ave Biloxi, MS	1.0–2.0	1.0–1.5	725	$1,200	$1.66	62d	2	0.49mi
1664 Beach Blvd Biloxi, MS	1.0–2.0	1.0–1.5	801	$2,100	$2.62	62d	2	0.54mi
1664 Beach Blvd Biloxi, MS	2.0	1.5	985	$2,295	$2.33	92d	1	0.56mi
122 Coral Breeze Dr Biloxi, MS	3.0	1.5	1000	$2,700	$2.70	92d	1	0.58mi
118 Coral Breeze Dr Biloxi, MS	3.0	1.5	1000	$2,800	$2.80	62d	1	0.63mi
1616 Gordon Ave Biloxi, MS	3.0	1.0	900	$1,425	$1.58	70d	1	0.68mi
330 Belvedere Dr Biloxi, MS	3.0	1.0	1000	$1,200	$1.20	62d	1	0.77mi
2068 Beach Blvd Unit 142 Biloxi, MS	2.0	2.0	1001	$1,600	$1.60	62d	1	1.05mi
2068 Beach Blvd Unit 342 Biloxi, MS	2.0	2.0	1001	$1,550	$1.55	62d	1	1.05mi
2068 Beach Blvd Unit 202 Biloxi, MS	2.0	2.0	1001	$1,600	$1.60	92d	1	1.05mi
150 Pat Harrison St Biloxi, MS	2.0	1.0	673	$1,025	$1.52	92d	1	1.06mi
1496 Beach Blvd Biloxi, MS	2.0	1.5	1100	$1,450	$1.32	62d	1	1.15mi
310 Abbey Ct Biloxi, MS	2.0–3.0	1.0–2.0	1062	$1,025	$0.97	70d	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. 2026-08-08
   days on market $99,900 Active 156 DOM
2. 2026-08-07
   days on market $99,900 Active 155 DOM
3. 2026-08-06
   days on market $99,900 Active 154 DOM
4. 2026-08-05
   days on market $99,900 Active 153 DOM
5. 2026-08-04
   days on market $99,900 Active 152 DOM
6. 2026-08-03
   days on market $99,900 Active 151 DOM
7. 2026-07-31
   days on market $99,900 Active 148 DOM
8. 2026-07-30
   days on market $99,900 Active 147 DOM
9. 2026-07-29
   days on market $99,900 Active 146 DOM
10. 2026-07-27
    days on market $99,900 Active 144 DOM
11. 2026-07-25
    days on market $99,900 Active 142 DOM
12. 2026-07-24
    days on market $99,900 Active 141 DOM
13. 2026-07-23
    days on market $99,900 Active 140 DOM
14. 2026-07-22
    days on market $99,900 Active 139 DOM
15. 2026-07-21
    days on market $99,900 Active 138 DOM
16. 2026-07-18
    days on market $99,900 Active 135 DOM
17. 2026-07-16
    days on market $99,900 Active 133 DOM
18. 2026-07-16
    days on market $99,900 Active 132 DOM
19. 2026-07-14
    days on market $99,900 Active 131 DOM
20. 2026-07-13
    days on market $99,900 Active 130 DOM
21. 2026-07-12
    pricedays on market $99,900 Active 129 DOM
22. 2026-07-11
    days on market $104,900 Active 128 DOM
23. 2026-07-10
    days on market $104,900 Active 127 DOM
24. 2026-07-09
    days on market $104,900 Active 126 DOM
25. 2026-07-08
    days on market $104,900 Active 125 DOM
26. 2026-07-07
    days on market $104,900 Active 124 DOM
27. 2026-07-06
    days on market $104,900 Active 123 DOM
28. 2026-07-05
    days on market $104,900 Active 122 DOM
29. 2026-07-04
    days on market $104,900 Active 121 DOM
30. 2026-07-03
    days on market $104,900 Active 120 DOM
31. 2026-07-02
    days on market $104,900 Active 119 DOM
32. 2026-07-01
    days on market $104,900 Active 118 DOM
33. 2026-06-30
    days on market $104,900 Active 117 DOM
34. 2026-06-29
    days on market $104,900 Active 116 DOM
35. 2026-06-28
    days on market $104,900 Active 115 DOM
36. 2026-06-28
    days on market $104,900 Active 114 DOM
37. 2026-06-27
    days on market $104,900 Active 113 DOM
38. 2026-06-25
    days on market $104,900 Active 111 DOM
39. 2026-06-23
    days on market $104,900 Active 109 DOM
40. 2026-06-21
    days on market $104,900 Active 108 DOM
41. 2026-06-18
    days on market $104,900 Active 105 DOM
42. 2026-06-17
    price $104,900 Active 104 DOM
43. 2026-06-17
    days on market $110,000 Active 104 DOM
44. 2026-06-16
    days on market $110,000 Active 103 DOM
45. 2026-06-15
    days on market $110,000 Active 102 DOM
46. 2026-06-14
    days on market $110,000 Active 100 DOM
47. 2026-06-13
    days on market $110,000 Active 99 DOM
48. 2026-06-09
    days on market $110,000 Active 96 DOM
49. 2026-06-08
    days on market $110,000 Active 95 DOM
50. 2026-06-07
    days on market $110,000 Active 94 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: $16,547
• − Mortgage interest: −$5,596
• − Property taxes: −$1,498
• − Insurance: −$500
• − Repairs & maintenance: −$1,324
• − Management: −$1,324
• − HOA: −$3,000
• − Depreciation: −$2,906
• Taxable income: $399
• Est. tax owed @ 24.0%: −$96
• After-tax cash flow: $1,691/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

---

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 0.60)
• 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%

---

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