9461 Op La Way · Diamondhead, MS 39525

$237,500

3 bd · 2.0 ba · 1,624 sqft · SingleFamily public records · 59 Days on market

Built 1998 7,840 sqft lot $146/sqft · at area comps Est $244k · at est. $32/mo HOA · 2% of rent

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Why this score? — see what drove the C- 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 +19.1/30.0
• ARV discount +8.6/15.0
• DSCR +6.0/10.0
• 1% rule +4.0/10.0
• Schools +3.9/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This move-in ready home features high elevation and low maintenance, with all the attractions Diamondhead has to offer. The large living room, overlooking the backyard, features a wood-burning fireplace, while the kitchen includes a double sink, stone countertops, and plenty of cabinet storage space. The master suite offers double vanities and a soaker tub, with easy-to-clean flooring (no carpet) throughout the home. Outside, the tree-shaded, fully-fenced backyard includes a covered porch. Nearby, there's plenty of fun year-round with the Diamondhead Country Club, neighborhood pools, walking trails, kayak and boat launches, and multiple golf courses. Easy to tour!

Key facts

• Stone countertops
• Double sink
• Double vanities

Tags

• LOW MAINTENANCE
• WOOD-BURNING FIREPLACE
• DOUBLE SINK
• STONE COUNTERTOPS
• PLENTY OF CABINET STORAGE
• DOUBLE VANITIES

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $238k.

Deal economics

• At list price, monthly cash flow is $254 ($3k/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 $213k (10.3% below list).
• Recommended offer: $213k (10.3% below list) — sets the bar for 1% rule.
• Cap rate 7.6% vs local median 4.8% in Diamondhead — 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 68/100 on livability (#59 in MS) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: schools C-, amenities F, commute F.
• Hancock County School District (rural): math 47% / reading 44% proficiency, ranked #23 of 130 in MS (top 18%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 246 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 248 units permitted in Hancock County in 2024 (0 in 5+ unit buildings).

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.
• Hancock County population projected at +20% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 59 days — a 3% lower offer ($230k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $213,132 (10.3% below list)

Questions for the listing agent

1. It's been on market 59 days. Have you received any prior offers? Is the seller open to a 10% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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.
5. 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.
6. 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: 0.90% ✗
• Cap rate: 7.58%
• Cash-on-cash: 4.58%
• DSCR: 1.20
• GRM: 9.3

CMA / ARV

• ARV (median comp): $243,559
• List price: $237,500
• Delta: -2.49%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
8469 Amoka Dr	0.28mi	3/2.0	1,612 (-1%)	3mo	$284,900	$177	83
84115 Lola Dr	0.24mi	3/2.0	1,500 (-8%)	1mo	$200,000	$133	75
84119 Bayou Dr	0.16mi	3/2.0	1,500 (-8%)	5mo	$230,000	$153	75
84135 Lola Dr	0.25mi	3/2.0	1,764 (+9%)	4mo	$289,000	$164	70
84104 Op La Way	0.10mi	3/2.0	1,410 (-13%)	8mo	$237,900	$169	67
9536 Poni Pl	0.51mi	3/2.0	1,714 (+6%)	1mo	$229,900	$134	67
95522 W Diamondhead Dr	0.37mi	3/2.0	1,782 (+10%)	2mo	$300,000	$168	64
84118 Lola Dr	0.21mi	4/2.0 (+1)	1,848 (+14%)	1mo	$224,900	$122	62
7315 Ahi Dr	0.73mi	3/2.0	1,583 (-2%)	1mo	$269,000	$170	61
7334 Analii St	0.58mi	3/2.0	1,544 (-5%)	5mo	$242,800	$157	61
8316 Amoka Dr	0.44mi	3/2.0	1,498 (-8%)	8mo	$215,000	$144	60
7455 Analii St	0.66mi	3/2.0	1,722 (+6%)	0mo	$159,900	$93	59

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -9.2%
• Equity multiple: 0.66×
• Total profit: $-22,410
• Equity at exit: $35,412

10-year hold

• IRR: 0.2%
• Equity multiple: 1.01×
• Total profit: $914
• Equity at exit: $20,535

Cash invested: $66,500 (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 39525

• Home prices YoY: -19.1%
• Active inventory: 246
• Price-to-rent: 9.3×

Monthly cashflow live

• Estimated rent: $2,131 medium
• Mortgage (P&I): −$1,245
• Tax from tax record: −$53 /mo · $641/yr
• Insurance: −$99
• HOA: −$32
• Vacancy / Maint / Mgmt: −$448
• Net cashflow: $254

Break-even live

Break-even rent $1,810

Max offer price $237,500

Occupancy floor 83%

Sensitivity live

Price	-10% $388	-5% $321	+0% $254	+5% $187	+10% $119
Rent	-10% $86	-5% $170	+0% $254	+5% $338	+10% $422
Rate	-1.0pp $374	-0.5pp $314	base $254	+0.5pp $192	+1.0pp $130

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: $59,375
• Closing costs: $7,125
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
63739 Diamondhead Dr N Diamondhead, MS	3.0	2.0	1580	$1,600	$1.01	21d	1	0.96mi
250 Highpoint Dr Unit 250 Diamondhead, MS	2.0	2.5	1367	$2,500	$1.83	21d	1	0.99mi
250 Highpoint Dr Diamondhead, MS	2.0	2.5	1367	$2,500	$1.83	44d	1	0.99mi
289 Highpoint Dr Diamondhead, MS	2.0	2.5	1340	$1,700	$1.27	14d	1	1.13mi

HOA detail

• Monthly dues: $32 · $384/yr
• Likely covers: pool

Listing history 23 events

1. 2026-06-18
   days on market $237,500 Active 59 DOM
2. 2026-06-17
   days on market $237,500 Active 58 DOM
3. 2026-06-16
   days on market $237,500 Active 57 DOM
4. 2026-06-15
   days on market $237,500 Active 56 DOM
5. 2026-06-14
   days on market $237,500 Active 54 DOM
6. 2026-06-13
   days on market $237,500 Active 53 DOM
7. 2026-06-10
   days on market $237,500 Active 51 DOM
8. 2026-06-09
   days on market $237,500 Active 50 DOM
9. 2026-06-09
   remarks 683-char remark
10. 2026-06-09
    price $237,500 Active 49 DOM
11. 2026-06-08
    days on market $244,900 Active 49 DOM
12. 2026-06-07
    days on market $244,900 Active 48 DOM
13. 2026-06-05
    days on market $244,900 Active 45 DOM
14. 2026-06-03
    days on market $244,900 Active 44 DOM
15. 2026-06-02
    days on market $244,900 Active 43 DOM
16. 2026-06-01
    days on market $244,900 Active 42 DOM
17. 2026-05-31
    days on market $244,900 Active 41 DOM
18. 2026-05-30
    days on market $244,900 Active 40 DOM
19. 2026-04-20
    listed $244,900 Active 672-char remark

    Show marketing remark (672 chars)

    This move-in ready home features high elevation and low maintenance, with all the attractions Diamondhead has to offer. The large living room, overlooking the backyard, features a wood-burning fireplace, while the kitchen includes a double sink, stone countertops, and plenty of cabinet storage space. The master suite offers double vanities and a soaker tub, with easy-to-clean flooring (no carpet) throughout the home. Outside, the tree-shaded, fully-fenced backyard includes a covered porch. Nearby, there's plenty of fun year-round with the Diamondhead Country Club, neighborhood pools, walking trails, kayak and boat launches, and multiple golf courses. Easy to tour!

20. 2026-01-05
    status Pending
21. 2026-01-04
    historical
22. 2025-12-15
    listed $230,000 Active
23. 2002-06-10
    soldstatus

ⓘ 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: $641 · $53/mo
• Projected year-2 tax: $1,876 · $156/mo
• Expected delta: +$1,236/yr (+$103/mo · 192.9%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 21 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: $25,576
• − Mortgage interest: −$13,304
• − Property taxes: −$641
• − Insurance: −$1,188
• − Repairs & maintenance: −$2,046
• − Management: −$2,046
• − HOA: −$384
• − Depreciation: −$6,909
• Taxable loss: −$941
• Est. tax savings @ 24.0%: +$226
• After-tax cash flow: $3,273/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: Hancock County School District
• NCES district ID: 2801740
• Math proficiency: 47% ▼ -11.00%
• Reading proficiency: 44% ▼ -9.00%
• Median HH income: $47,971
• Composite: 38.88/100
• National rank: #4099
• State rank: #23 of 130 in MS

Livability — Diamondhead

• Score: 68/100
• State rank: #59
• US rank: #9320

Category grades

Amenities F Commute F Cost of living A+ Crime A+ Employment B+ Housing A+ Health & safety F User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Diamondhead, MS
• County: Hancock County · 9,338 people
• City population: 9,338
• Metro: Gulfport-Biloxi, MS
• Population (ZIP): 9,338
• Household income: $87,407
• Rent vs Own: 10.3% rent · 89.7% own

Population outlook (Hancock County) Hauer SSP2

• Today (2025): 52,161 people
• By 2030: 54,753 · +5.0%
• By 2040: 59,242 · +13.6%
• By 2050: 62,417 · +19.7%
• By 2075: 68,168 · +30.7%
• By 2100: 69,212 · +32.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (85%)
• Race & ethnicity: White 85% Two or more races 9% Hispanic / Latino 8% Black 2%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Lithuanian 10% Slovak 3% Romanian 2%
• Foreign-born: 3% · Canada
• Languages at home: 94% English-only · Spanish 4% French/Haitian/Cajun 1% Other Indo-European 1%

Political lean MEDSL · Hancock

• 2024 margin: Solid R (+58.7) · D 20.1% · R 78.8% · Other 1.1%
• 2008→2024 swing: -4.4pp toward R · 2008: -54.2pp · 2024: -58.7pp
• All cycles: 2024: R+58.7 2020: R+55.5 2016: R+59.4 2012: R+52.8 2008: R+54.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -45.77%
• Current HPI: 193.4883
• Rent YoY: —
• Metro: Gulfport-Biloxi, MS
• State GDP YoY: —
• F500 in state: 0

Price history

+6.5% since first listed

5 events — show timeline

• 2026-04-20 Listed $244,900 MLSU
• 2026-01-05 Pending — MLSU
• 2026-01-04 Listing Removed — MLSU
• 2025-12-15 Listed $230,000 MLSU
• 2002-06-10 Sold (Public Records) — Public Records

Property tax history

+0.9%/yr

Latest (2025): $641 · +0.0% YoY. Source: county tax records.