2414 Burke St · Gulfport, MS 39507

$265,000

3 bd · 1.0 ba · 2,256 sqft · SingleFamily public records · 33 Days on market

Built 1985 0.30 ac lot Est $298k · 11% under

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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 +14.1/30.0
• ARV discount +12.5/15.0
• DSCR +4.3/10.0
• 1% rule +3.8/10.0
• Livability +3.7/5.0
• Rent growth +3.6/5.0
• Schools +3.4/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Beautiful two-story home located approximately one mile from the beach in desirable Gulfport! Situated in an X flood zone, this 3 bedroom, 3 bathroom home features an in-ground pool, stainless steel appliances, spacious living areas, and a great floor plan perfect for entertaining. Enjoy the convenience of coastal living while being close to shopping, dining, entertainment, and the Mississippi Gulf Coast beaches. Located in a great neighborhood with plenty of charm and curb appeal!

Key facts

• In-ground pool
• Great floor plan
• 0.3 acre lot

Tags

• IN-GROUND POOL
• STAINLESS STEEL APPLIANCES
• GREAT FLOOR PLAN

Property features AI

Finance

• Other: Property located at 2414 Burke St, Gulfport, MS 39507
• HOA & community: Community features include curbs, sidewalks, street lights and proximity to entertainment

Exterior

• Parking: 2-car garage; Parking for 4 vehicles total; Concrete driveway; Garage door opener; Garage storage
• Security: Privacy fencing
• Utilities: Public water; Public sewer; Cable connected; Electricity available; Water connected; Sewer available
• Home design: Single-family residence (house); Two levels; Move-in ready; Brick and stucco exterior; Asphalt shingle roof; Slab foundation; General residential zoning
• Construction: Brick and stucco construction; Asphalt shingle roof; Slab foundation
• Exterior features: Private in-ground vinyl pool (fenced); Front porch with stone/tile; Fire pit; Back yard privacy fencing; Workshop structure; Near beach and beach access; Near golf course; Curbs, sidewalks and street lights in neighborhood

Interior

• Kitchen: Convection oven; Dishwasher; Ice maker; Microwave; Granite counters; Eat-in kitchen
• Bedrooms: Bedrooms with walk-in closets (specific room levels not provided)
• Flooring: Ceramic tile
• Bathrooms: 2 full bathrooms; Soaking tub included
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Beamed ceilings; Ceiling fans; Crown molding; Eat-in kitchen; Entrance foyer; Granite countertops; High ceilings; Soaking tub; Walk-in closets; Sliding doors; Blinds and screens on windows; Fireplaces in dining room, great room, kitchen, living room and primary bedroom
• Laundry & utility: Laundry located in garage; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $265k.

Deal economics

• At list price, monthly cash flow is $38 ($461/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 $232k (12.5% below list).
• Recommended offer: $232k (12.5% below list) — sets the bar for 1% rule.
• Cap rate 6.5% 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: amenities F, commute F, employment 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.
• Zoned schools: Anniston Avenue Elementary School (math 52% / reading 53%, grade C-, #53 of 375 statewide, top 14%, 535 students, 100% FRL); Bayou View Middle School (math 54% / reading 49%, grade C, #27 of 179 statewide, top 16%, 826 students, 100% FRL); Gulfport High School (math 42% / reading 36%, grade F, #54 of 197 statewide, top 28%, 1,728 students, 100% FRL) — zoned schools average 100% FRL vs 67% district-wide (33 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+4.3%/yr); 301 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 73% 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).
• At $2,319/mo this rent would consume 51% of the median local household income ($55k/yr) (locally 1059% 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 $2k of loan paydown is wiped out by about $8k 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 33 days — a 3% lower offer ($257k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 20y 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.
• Current owner paid $181k; 46% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: major flood risk; 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 $231,936 (12.5% below list)

Questions for the listing agent

1. It's been on market 33 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
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: 0.88% ✗
• Cap rate: 6.47%
• Cash-on-cash: 0.62%
• DSCR: 1.03
• GRM: 9.5

CMA / ARV

• ARV (on-the-fly): $297,792
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
230 Southern Cir #230	0.17mi	3/2.0	2,399 (+6%)	1mo	$318,000	$133	76
700 Sarazen Dr	0.21mi	4/2.0 (+1)	2,335 (+4%)	2mo	$269,900	$116	74
2 Lexington Pl	0.31mi	3/2.0	2,100 (-7%)	2mo	$186,400	$89	69
2405 Burke St	0.09mi	3/2.0	2,071 (-8%)	12mo	$299,900	$145	68
2421 Collins Blvd	0.16mi	4/2.5 (+1)	2,121 (-6%)	11mo	$290,000	$137	62
2305 Middlecoff Dr	0.55mi	3/2.0	2,135 (-5%)	1mo	$269,000	$126	60
2416 Greenview Dr	0.30mi	4/3.0 (+1)	2,469 (+9%)	2mo	$325,000	$132	56
2100 Curcor Dr	0.71mi	3/2.5	2,189 (-3%)	2mo	$435,000	$199	54
2372 Park Place Dr	0.40mi	3/2.0	2,033 (-10%)	10mo	$283,000	$139	52
2 Concord Pl	0.45mi	3/2.0	2,037 (-10%)	10mo	$169,900	$83	51
2112 Rose Ct	0.53mi	4/2.0 (+1)	2,157 (-4%)	10mo	$259,000	$120	51
2904 Oakridge Pl	0.73mi	3/2.0	2,292 (+2%)	15mo	$229,000	$100	47

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 · 4.26% rent growth · sell at horizon

5-year hold

• IRR: -13.9%
• Equity multiple: 0.49×
• Total profit: $-37,508
• Equity at exit: $39,512

10-year hold

• IRR: -3.2%
• Equity multiple: 0.77×
• Total profit: $-16,930
• Equity at exit: $22,912

Cash invested: $74,200 (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 39507

• Home prices YoY: -27.1%
• Rents YoY: 4.3%
• Active inventory: 301
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $2,319 high
• Mortgage (P&I): −$1,390
• Tax from tax record: −$294 /mo · $3,526/yr
• Insurance: −$110
• HOA: −$0
• Vacancy / Maint / Mgmt: −$487
• Net cashflow: $38

Break-even live

Break-even rent $2,271

Max offer price $265,000

Occupancy floor 93%

Sensitivity live

Price	-10% $188	-5% $113	+0% $38	+5% $-37	+10% $-112
Rent	-10% $-145	-5% $-53	+0% $38	+5% $130	+10% $222
Rate	-1.0pp $172	-0.5pp $106	base $38	+0.5pp $-30	+1.0pp $-100

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: $66,250
• Closing costs: $7,950
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2420 Demaret Dr Gulfport, MS	4.0	2.0	1600	$1,800	$1.12	45d	1	0.49mi
2252 Beach Dr Gulfport, MS	3.0	2.0	1691	$2,800	$1.66	45d	1	0.56mi
2230 Beach Dr Gulfport, MS	3.0	3.0	1852	$3,195	$1.73	45d	1	0.59mi
2610 Demaret Dr Gulfport, MS	4.0	1.5	1700	$1,995	$1.17	45d	1	0.59mi
1215 Ocean View Dr Gulfport, MS	3.0	2.0	1710	$2,895	$1.69	22d	1	1.05mi
2668 Beach Blvd Biloxi, MS	3.0	3.0	1813	$2,900	$1.60	15d	1	1.07mi
924 Jefferson Dr Gulfport, MS	3.0	2.5	1613	$1,675	$1.04	45d	1	1.21mi
910 Jefferson Dr Gulfport, MS	3.0	2.5	1613	$1,675	$1.04	45d	1	1.21mi
153 Markham Dr Gulfport, MS	3.0	2.0	1650	$3,000	$1.82	45d	1	1.40mi
2589 Santa Rosa Cv Biloxi, MS	3.0	2.0	1787	$2,500	$1.40	45d	1	1.47mi
2589 Santa Rosa Cv Biloxi, MS	3.0	2.0	1787	$2,500	$1.40	22d	1	1.47mi

Listing history 32 events

1. 2026-06-22
   days on market $265,000 Active 33 DOM
2. 2026-06-18
   days on market $265,000 Active 30 DOM
3. 2026-06-17
   days on market $265,000 Active 29 DOM
4. 2026-06-16
   days on market $265,000 Active 28 DOM
5. 2026-06-15
   days on market $265,000 Active 27 DOM
6. 2026-06-14
   days on market $265,000 Active 25 DOM
7. 2026-06-13
   days on market $265,000 Active 24 DOM
8. 2026-06-10
   days on market $265,000 Active 22 DOM
9. 2026-06-09
   days on market $265,000 Active 21 DOM
10. 2026-06-08
    days on market $265,000 Active 20 DOM
11. 2026-06-07
    days on market $265,000 Active 19 DOM
12. 2026-06-05
    days on market $265,000 Active 16 DOM
13. 2026-06-02
    days on market $265,000 Active 14 DOM
14. 2026-06-01
    days on market $265,000 Active 13 DOM
15. 2026-05-31
    days on market $265,000 Active 12 DOM
16. 2026-05-30
    days on market $265,000 Active 11 DOM
17. 2026-05-19
    listed $265,000 Active
18. 2026-03-11
    historical
19. 2025-09-15
    listed $284,000 Active
20. 2025-09-06
    historical
21. 2025-08-13
    price $284,000
22. 2025-05-23
    price $288,000
23. 2025-03-11
    listed $298,200 Active
24. 2021-09-15
    historical
25. 2014-07-17
    soldstatus $181,000
26. 2014-07-11
    soldstatus
27. 2014-01-23
    listed $184,900
28. 2012-07-19
    listed $204,900
29. 2010-01-19
    soldstatus
30. 2007-06-11
    soldstatus
31. 2007-05-23
    soldstatus
32. 2006-12-12
    listed $180,000

ⓘ 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: $3,526 · $294/mo
• Projected year-2 tax: $3,526 · $294/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (shaded) · 73% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥105°F today · 23 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,832
• − Mortgage interest: −$14,844
• − Property taxes: −$3,526
• − Insurance: −$1,325
• − Repairs & maintenance: −$2,227
• − Management: −$2,227
• − Depreciation: −$7,709
• Taxable loss: −$4,025
• Est. tax savings @ 24.0%: +$966
• After-tax cash flow: $1,427/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): 18,564
• Household income: $54,657
• Rent vs Own: 44.3% rent · 55.7% own
• Severe rent burden: 1059.0

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: Majority White (65%)
• Race & ethnicity: White 65% Black 24% Hispanic / Latino 6% Two or more races 5% Asian 1%
• Hispanic origin (detail): Mexican 2% Cuban 1%
• Common ancestry: Slovak 4% Lithuanian 4% Romanian 2%
• Foreign-born: 4% · Canada
• Languages at home: 94% English-only · Spanish 2% French/Haitian/Cajun 2% 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: ▼ -67.48%
• Current HPI: 181.6606
• Rent YoY: ▲ 4.26%
• Metro: Gulfport-Biloxi, MS
• State GDP YoY: —
• F500 in state: 0

Price history

+47.2% since first listed

16 events — show timeline

• 2026-05-19 Listed $265,000 MLSU
• 2026-03-11 Listing Removed — MLSU
• 2025-09-15 Listed $284,000 MLSU
• 2025-09-06 Listing Removed — MLSU
• 2025-08-13 Price Changed $284,000 MLSU
• 2025-05-23 Price Changed $288,000 MLSU
• 2025-03-11 Listed $298,200 MLSU
• 2021-09-15 Listing Removed — MLSU
• 2014-07-17 Sold (Public Records) $181,000 Public Records
• 2014-07-11 Sold (MLS) — MLSU
• 2014-01-23 Listed $184,900 MLSU
• 2012-07-19 Listed $204,900 MLSU
• 2010-01-19 Sold (Public Records) — Public Records
• 2007-06-11 Sold (Public Records) — Public Records
• 2007-05-23 Sold (MLS) — MLSU
• 2006-12-12 Listed $180,000 MLSU

Property tax history

+6.4%/yr

Latest (2025): $3,526 · +170.9% YoY. Source: county tax records.