8413 Florida Ave · Gulfport, MS 39501

$95,500

4 bd · 2.0 ba · 1,200 sqft · SingleFamily public records · 89 Days on market

Built 1983 4,356 sqft lot $80/sqft · 28% above area Est $75k · 28% over

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +5.0/5.0
• Schools +4.2/10.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

There is alot of potential here! Each side is 2 bedrooms/1 bath with high ceilings. Situated near the end of the street, no through traffic and pleasant homes nearby. Large lot leaves room to park, and room for a yard. Possible rental potential with section 8 around 1800 monthly. There is open space next door and it's basically kept neatly. Investors come on, this could be a great place to add to your rental portfolio or a good place to get started.

Key facts

• 4,356 sq ft lot
• Built 1983
• Listed 89 days

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $96k.

Deal economics

• At list price, monthly cash flow is $558 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $96k).
• Recommended offer: $90k (6.0% below list) — sets the bar for market timing.
• Cap rate 13.3% 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.
• 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 (+10.5%/yr); 254 active listings in the ZIP; 2 comparable units currently listed for rent nearby; lower-income renter base — watch delinquency; 2,194 units permitted in Harrison County in 2024 (0 in 5+ unit buildings).
• At $1,443/mo this rent would consume 50% of the median local household income ($35k/yr) (locally 1516% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $660 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 $27k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 89 days — a 6% lower offer ($90k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 21y 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 $89,770 (6.0% below list)

Questions for the listing agent

1. It's been on market 89 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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. 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.
6. 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.
7. 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: 1.51% ✓
• Cap rate: 13.30%
• Cash-on-cash: 25.03%
• DSCR: 2.11
• GRM: 5.5

CMA / ARV

• ARV (median comp): $74,662
• List price: $95,500
• Delta: 27.91%
• Verdict: OVERPRICED
• Comps: 3 within 2.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
8410 S Carolina Ave	0.16mi	3/1.0 (-1)	1,335 (+11%)	21mo	$45,000	$34	47
98 Russell Blvd	0.63mi	3/2.0 (-1)	1,344 (+12%)	6mo	$95,000	$71	41
82 Holly Cir	0.68mi	3/2.0 (-1)	1,365 (+14%)	2mo	$85,000	$62	39
5191 Polk St	0.58mi	3/2.0 (-1)	1,306 (+9%)	22mo	$175,000	$134	35

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: 23.7%
• Equity multiple: 2.03×
• Total profit: $27,652
• Equity at exit: $14,239

10-year hold

• IRR: 34.5%
• Equity multiple: 4.91×
• Total profit: $104,433
• Equity at exit: $8,257

Cash invested: $26,740 (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: 254
• Price-to-rent: 5.5×

Monthly cashflow live

• Estimated rent: $1,443 medium
• Mortgage (P&I): −$501
• Tax from tax record: −$42 /mo · $501/yr
• Insurance: −$40
• HOA: −$0
• Vacancy / Maint / Mgmt: −$303
• Net cashflow: $558

Break-even live

Break-even rent $737

Max offer price $95,500

Occupancy floor 56%

Sensitivity live

Price	-10% $612	-5% $585	+0% $558	+5% $531	+10% $504
Rent	-10% $444	-5% $501	+0% $558	+5% $615	+10% $672
Rate	-1.0pp $606	-0.5pp $582	base $558	+0.5pp $533	+1.0pp $508

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: $23,875
• Closing costs: $2,865
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3625 Meadowlark Dr Gulfport, MS	3.0	1.0	1315	$1,200	$0.91	15d	1	1.36mi
3712 37th Ave Gulfport, MS	3.0	2.0	1144	$1,175	$1.03	15d	1	1.50mi

Listing history 11 events

1. 2026-06-07
   statusdays on market $95,500 Pending 89 DOM
2. 2026-06-02
   days on market $95,500 Active 88 DOM
3. 2026-06-01
   days on market $95,500 Active 87 DOM
4. 2026-05-31
   days on market $95,500 Active 86 DOM
5. 2026-05-30
   days on market $95,500 Active 85 DOM
6. 2026-03-29
   price $95,500 460-char remark

   Show marketing remark (460 chars)

   There is alot of potential here! Each side is 2 bedrooms/1 bath with high ceilings. Situated near the end of the street, no through traffic and pleasant homes nearby. Large lot leaves room to park, and room for a yard. Possible rental potential with section 8 around 1800 monthly. There is open space next door and it's basically kept neatly. Investors come on, this could be a great place to add to your rental portfolio or a good place to get started.

7. 2026-03-06
   listed $99,500 Active 460-char remark

   Show marketing remark (460 chars)

   There is alot of potential here! Each side is 2 bedrooms/1 bath with high ceilings. Situated near the end of the street, no through traffic and pleasant homes nearby. Large lot leaves room to park, and room for a yard. Possible rental potential with section 8 around 1800 monthly. There is open space next door and it's basically kept neatly. Investors come on, this could be a great place to add to your rental portfolio or a good place to get started.

8. 2025-02-13
   historical $650
9. 2025-02-10
   listed $650
10. 2005-12-01
    soldstatus 192-char remark

    Show marketing remark (192 chars)

    owner/agent - Non - MLS listing...entered for comp purposes only. Duplex 2 - bedroom, 1 bath each side. Approximately 600 sq./ft. each side. Sale was owner financed with 40% cash down payment.

11. 2005-12-01
    listed $65,000 192-char remark

    Show marketing remark (192 chars)

    owner/agent - Non - MLS listing...entered for comp purposes only. Duplex 2 - bedroom, 1 bath each side. Approximately 600 sq./ft. each side. Sale was owner financed with 40% cash down payment.

ⓘ 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: $501 · $42/mo
• Projected year-2 tax: $754 · $63/mo
• Expected delta: +$254/yr (+$21/mo · 50.6%)

ⓘ 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) · 13% chance over 30 yrs
• 🔥 Wildfire 4/10 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: $17,319
• − Mortgage interest: −$5,349
• − Property taxes: −$501
• − Insurance: −$478
• − Repairs & maintenance: −$1,385
• − Management: −$1,385
• − Depreciation: −$2,778
• Taxable income: $5,442
• Est. tax owed @ 24.0%: −$1,306
• After-tax cash flow: $5,388/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): 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

+46.9% since first listed

6 events — show timeline

• 2026-03-29 Price Changed $95,500 MLSU
• 2026-03-06 Listed $99,500 MLSU
• 2025-02-13 Rental Removed $650 RENT.
• 2025-02-10 Listed for Rent $650 RENT.
• 2005-12-01 Listed $65,000 MLSU
• 2005-12-01 Sold (MLS) — MLSU

Property tax history

-1.6%/yr

Latest (2025): $501 · +5.4% YoY. Source: county tax records.