611 Franklin Ave · Gulfport, MS 39503

$219,900

4 bd · 2.0 ba · 1,370 sqft · SingleFamily public records · 9 Days on market

Built 1975 0.33 ac lot Est $174k · 26% over

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Why this score? — see what drove the F 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 +11.3/30.0
• Rent growth +4.2/5.0
• Schools +4.2/10.0
• Livability +3.7/5.0
• DSCR +3.3/10.0
• Condition / age +2.5/5.0
• 1% rule +2.4/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Attention investors and renovators! This 4-bedroom, 2-bath brick home is a prime fixer-upper opportunity. With solid bones and great potential, it's ready for your vision and updates. Whether you're looking to flip or add to your rental portfolio, this property offers plenty of upside. Sold as-is. Cash buyers only.

Key facts

• New lighting
• Fresh paint
• Tile showers

Tags

• NEW STAINLESS APPLIANCES
• GRANITE COUNTERTOPS
• NEW BATHROOMS
• TILE SHOWERS
• FRESH PAINT
• NEW LIGHTING

Property features AI

Exterior

• Parking: 4 parking spaces; Driveway on concrete
• Utilities: Public water; Public sewer; Electricity connected; Natural gas connected
• Home design: Single-family house; One story; Move-in ready
• Construction: Vinyl siding with brick veneer; Slab foundation; Built in public records (year built from public records)
• Exterior features: Shingle roof; Lot approximately 0.33 acre

Interior

• Kitchen: Dishwasher; Free-standing electric range; Free-standing refrigerator; Microwave; Granite counters; Kitchen island; Breakfast bar
• Flooring: Luxury vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Natural gas heating; Electric cooling; Ceiling fans
• Interior features: Ceiling fans; Granite counters; Breakfast bar; Kitchen island; Window treatments
• Laundry & utility: Laundry room; Gas water heater

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $220k.

Deal economics

• At list price, monthly cash flow is $-82 ($-980/yr) — negative.
• To cash-flow at today's rent, offer at most $205k (6.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $163k (25.9% below list).
• Recommended offer: $163k (25.9% below list) — sets the bar for 1% rule.

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.
• Harrison County School District (rural): math 52% / reading 46% proficiency, ranked #14 of 130 in MS (top 11%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 62% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+7.0%/yr); 763 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% 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 ($63k/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 $2k of loan paydown is wiped out by about $7k 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 9 days on market — expect competitive offers; lowballing is unlikely to land.
• 7 sale attempts since 11y 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 $162,946 (25.9% 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. Built in 1975 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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. 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 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: 0.74% ✗
• Cap rate: 5.85%
• Cash-on-cash: -1.59%
• DSCR: 0.93
• GRM: 11.2

CMA / ARV

• ARV (on-the-fly): $173,990
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
607 Temple Dr	0.08mi	3/2.0 (-1)	1,450 (+6%)	1mo	$95,000	$66	81
10604 E Bay Tree Dr	0.17mi	3/2.0 (-1)	1,254 (-8%)	7mo	$169,995	$136	67
2540 Tandy Dr	0.33mi	4/2.0	1,222 (-11%)	2mo	$155,000	$127	65
10766 E Bay Tree Dr	0.23mi	3/2.0 (-1)	1,255 (-8%)	8mo	$145,000	$116	64
2513 Knox St	0.30mi	3/2.0 (-1)	1,501 (+10%)	2mo	$174,900	$117	63
10589 E Bay Tree Dr	0.21mi	3/2.0 (-1)	1,192 (-13%)	6mo	$152,200	$128	59
925 Sweetgum Dr	0.69mi	3/1.5 (-1)	1,375 (+0%)	3mo	$105,000	$76	58
2607 W Stevens Cir	0.55mi	3/1.5 (-1)	1,429 (+4%)	6mo	$139,000	$97	55
2627 W Angela Cir	0.61mi	3/1.5 (-1)	1,278 (-7%)	2mo	$124,900	$98	52
2621 W Samuel St	0.48mi	3/1.5 (-1)	1,215 (-11%)	7mo	$160,000	$132	46
13375 Lehmann Ct	0.58mi	3/2.0 (-1)	1,200 (-12%)	2mo	$169,900	$142	45
7 Harvest Ln	0.74mi	3/2.0 (-1)	1,230 (-10%)	6mo	$175,000	$142	38

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 · 6.99% rent growth · sell at horizon

5-year hold

• IRR: -15.0%
• Equity multiple: 0.45×
• Total profit: $-34,098
• Equity at exit: $32,788

10-year hold

• IRR: -1.3%
• Equity multiple: 0.90×
• Total profit: $-6,349
• Equity at exit: $19,013

Cash invested: $61,572 (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 39503

• Home prices YoY: -21.5%
• Rents YoY: 7.0%
• Active inventory: 763
• Price-to-rent: 11.2×

Monthly cashflow live

• Estimated rent: $1,629 high
• Mortgage (P&I): −$1,153
• Tax from tax record: −$124 /mo · $1,489/yr
• Insurance: −$92
• HOA: −$0
• Vacancy / Maint / Mgmt: −$342
• Net cashflow: $-82

Break-even live

Break-even rent $1,733

Max offer price $205,477

Occupancy floor —

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: $54,975
• Closing costs: $6,597
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
10669 E Bay Tree Dr Gulfport, MS	3.0	2.0	1200	$1,425	$1.19	20d	1	0.20mi
13181 Warren Dr Gulfport, MS	3.0	2.0	1188	$1,375	$1.16	43d	1	0.21mi
11310 Fairfield Ln Gulfport, MS	3.0	2.0	1084	$1,625	$1.50	43d	1	0.74mi
12271 Dedeaux Rd Gulfport, MS	3.0	1.5	1462	$1,350	$0.92	43d	1	0.77mi
12062 Jessica Cir Gulfport, MS	3.0	2.0	1385	$1,700	$1.23	13d	1	0.85mi
11312 Jessica Dr Gulfport, MS	3.0	2.0	1092	$1,625	$1.49	20d	1	0.92mi
12147 Prudie Cir Gulfport, MS	3.0	2.0	1100	$975	$0.89	43d	1	1.23mi
12040 Highland Ave Gulfport, MS	3.0	2.0	1019	$950	$0.93	13d	1	1.27mi
11200 Three Rivers Rd Gulfport, MS	3.0	2.0	1124	$1,445	$1.29	13d	1	1.28mi
1009 Michelle Dr Gulfport, MS	4.0	2.0	1254	$1,650	$1.32	43d	1	1.46mi

Listing history 7 events

1. 2026-06-18
   days on market $219,900 Active 9 DOM
2. 2026-06-17
   days on market $219,900 Active 8 DOM
3. 2026-06-16
   days on market $219,900 Active 7 DOM
4. 2026-06-15
   days on market $219,900 Active 6 DOM
5. 2026-06-14
   days on market $219,900 Active 4 DOM
6. 2026-06-13
   remarks 699-char remark
7. 2026-06-13
   listed $219,900 Active 3 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: $1,489 · $124/mo
• Projected year-2 tax: $1,737 · $145/mo
• Expected delta: +$248/yr (+$21/mo · 16.6%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 22% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 22 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: $19,554
• − Mortgage interest: −$12,318
• − Property taxes: −$1,489
• − Insurance: −$1,100
• − Repairs & maintenance: −$1,564
• − Management: −$1,564
• − Depreciation: −$6,397
• Taxable loss: −$4,879
• Est. tax savings @ 24.0%: +$1,171
• After-tax cash flow: $191/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: Harrison County School District
• NCES district ID: 2801770
• Math proficiency: 52% ▼ -4.00%
• Reading proficiency: 46% ▼ -4.00%
• Median HH income: $46,504
• Composite: 41.66/100
• National rank: #3419
• State rank: #14 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): 55,059
• Household income: $62,641
• Rent vs Own: 29.3% rent · 70.7% own
• Severe rent burden: 1686.0

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 0.58)
• Race & ethnicity: White 58% Black 27% Two or more races 9% Hispanic / Latino 6% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 1%
• Common ancestry: Lithuanian 5% Slovak 1% Portuguese 1%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 3%

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: ▼ -51.39%
• Current HPI: 187.285
• Rent YoY: ▲ 6.99%
• Metro: Gulfport-Biloxi, MS
• State GDP YoY: —
• F500 in state: 0

Price history

+122.1% since first listed

17 events — show timeline

• 2026-06-11 Relisted — MLSU
• 2026-06-06 Listing Removed — MLSU
• 2026-06-05 Listed $219,900 MLSU
• 2025-05-19 Sold (Public Records) — Public Records
• 2025-05-19 Sold (MLS) — MLSU
• 2025-05-05 Pending — MLSU
• 2025-04-30 Listed $85,000 MLSU
• 2021-09-15 Listing Removed — MLSU
• 2020-11-24 Sold (Public Records) — Public Records
• 2018-04-18 Sold (Public Records) — Public Records
• 2018-04-17 Sold (MLS) — MLSU
• 2018-03-15 Listed $79,900 MLSU
• 2016-05-18 Listing Removed — MLSU
• 2016-01-28 Listing Removed — MLSU
• 2016-01-01 Listed $124,700 MLSU
• 2015-08-24 Listed $85,000 MLSU
• 2015-01-03 Listed $99,000 MLSU

Property tax history

+7.7%/yr

Latest (2025): $1,489 · +5.1% YoY. Source: county tax records.