1064 Limu Way · Diamondhead, MS 39525

$134,911

3 bd · 2.0 ba · 1,596 sqft · SingleFamily public records · 62 Days on market

Built 1991 9,147 sqft lot $85/sqft · 29% above area Est $105k · 29% over

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +3.9/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Spacious three-bedroom, two-bath home on a generous lot in Diamond Head. This home features a versatile den/office off the primary bedroom, which includes a garden tub and double sinks. Recent updates include new flooring, fresh paint, new cabinets, new appliances, and a metal roof. Enjoy Diamond Head community amenities--golf course, tennis courts, multiple swimming pools, shopping, grocery stores, and dining--ideal for comfortable living in a vibrant neighborhood. Owner financing available with 20% down, call listing agent for more information.

Key facts

• Double sinks
• Fresh paint
• New flooring

Tags

• DEN OFFICE
• GARDEN TUB
• DOUBLE SINKS
• NEW FLOORING
• FRESH PAINT
• NEW CABINETS

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $135k.

Deal economics

• At list price, monthly cash flow is $942 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $135k).
• Recommended offer: $127k (6.0% below list) — sets the bar for market timing.
• Cap rate 14.7% 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; 3 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).
• This rent runs 31% of the median local income ($87k/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 $932 of loan paydown is wiped out by about $4k 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $38k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 62 days — a 6% lower offer ($127k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 12y ago; this cycle's ask has dropped $10k (7%) 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; moderate wildfire risk; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $126,816 (6.0% below list)

Questions for the listing agent

1. It's been on market 62 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. 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: 1.68% ✓
• Cap rate: 14.67%
• Cash-on-cash: 29.93%
• DSCR: 2.33
• GRM: 5.0

CMA / ARV

• ARV (median comp): $104,711
• List price: $134,911
• Delta: 28.84%
• Verdict: OVERPRICED
• Comps: 3 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
10737 Linohau Way	0.11mi	3/2.0	1,508 (-6%)	4mo	$239,500	$159	82
9624 Kini Pl	0.21mi	3/2.0	1,668 (+4%)	3mo	$219,000	$131	80
9536 Poni Pl	0.42mi	3/2.0	1,714 (+7%)	1mo	$229,900	$134	67
9838 Ala Moana St	0.68mi	3/2.0	1,614 (+1%)	1mo	$299,900	$186	66
9817 Pokai Way	0.59mi	3/2.0	1,561 (-2%)	6mo	$235,000	$151	64
10763 Lilinoe Way	0.40mi	3/2.0	1,444 (-10%)	5mo	$175,000	$121	62
10750 Linohau Way	0.27mi	3/2.0	1,378 (-14%)	6mo	$142,000	$103	59
87112 Highpoint Dr	0.66mi	3/2.0	1,475 (-8%)	1mo	$319,000	$216	56
9823 Ala Moana St	0.72mi	3/2.0	1,498 (-6%)	2mo	$229,000	$153	55
95522 W Diamondhead Dr	0.62mi	3/2.0	1,782 (+12%)	2mo	$300,000	$168	50
88154 Golf Club Dr	0.72mi	3/2.0	1,775 (+11%)	1mo	$279,000	$157	46
9826 Ala Moana St	0.73mi	4/2.0 (+1)	1,361 (-15%)	1mo	$239,997	$176	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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 24.5%
• Equity multiple: 2.01×
• Total profit: $38,127
• Equity at exit: $20,116

10-year hold

• IRR: 32.3%
• Equity multiple: 3.92×
• Total profit: $110,391
• Equity at exit: $11,665

Cash invested: $37,775 (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: 5.0×

Monthly cashflow live

• Estimated rent: $2,263 medium
• Mortgage (P&I): −$707
• Tax from tax record: −$82 /mo · $979/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$475
• Net cashflow: $942

Break-even live

Break-even rent $1,070

Max offer price $134,911

Occupancy floor 53%

Sensitivity live

Price	-10% $1,019	-5% $980	+0% $942	+5% $904	+10% $866
Rent	-10% $763	-5% $853	+0% $942	+5% $1,032	+10% $1,121
Rate	-1.0pp $1,010	-0.5pp $976	base $942	+0.5pp $907	+1.0pp $872

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: $33,728
• Closing costs: $4,047
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
250 Highpoint Dr Unit 250 Diamondhead, MS	2.0	2.5	1367	$2,500	$1.83	21d	1	0.71mi
250 Highpoint Dr Diamondhead, MS	2.0	2.5	1367	$2,500	$1.83	44d	1	0.71mi
289 Highpoint Dr Diamondhead, MS	2.0	2.5	1340	$1,700	$1.27	14d	1	0.78mi

Listing history 31 events

1. 2026-06-18
   days on market $134,911 Active 62 DOM
2. 2026-06-17
   days on market $134,911 Active 61 DOM
3. 2026-06-16
   days on market $134,911 Active 60 DOM
4. 2026-06-15
   days on market $134,911 Active 59 DOM
5. 2026-06-14
   pricedays on market $134,911 Active 57 DOM
6. 2026-06-13
   days on market $144,911 Active 56 DOM
7. 2026-06-10
   days on market $144,911 Active 54 DOM
8. 2026-06-09
   days on market $144,911 Active 53 DOM
9. 2026-06-08
   days on market $144,911 Active 52 DOM
10. 2026-06-07
    days on market $144,911 Active 51 DOM
11. 2026-06-05
    days on market $144,911 Active 48 DOM
12. 2026-06-03
    days on market $144,911 Active 47 DOM
13. 2026-06-02
    days on market $144,911 Active 46 DOM
14. 2026-06-01
    days on market $144,911 Active 45 DOM
15. 2026-05-31
    days on market $144,911 Active 44 DOM
16. 2026-05-30
    days on market $144,911 Active 43 DOM
17. 2026-04-16
    listed $144,911 Active 553-char remark

    Show marketing remark (553 chars)

    Spacious three-bedroom, two-bath home on a generous lot in Diamond Head. This home features a versatile den/office off the primary bedroom, which includes a garden tub and double sinks. Recent updates include new flooring, fresh paint, new cabinets, new appliances, and a metal roof. Enjoy Diamond Head community amenities--golf course, tennis courts, multiple swimming pools, shopping, grocery stores, and dining--ideal for comfortable living in a vibrant neighborhood. Owner financing available with 20% down, call listing agent for more information.

18. 2024-12-03
    soldstatus
19. 2024-11-26
    soldstatus Closed 76-char remark

    Show marketing remark (76 chars)

    Buyer and their agent to verify all information. Property being sold as-is.

20. 2024-10-28
    status Pending 76-char remark

    Show marketing remark (76 chars)

    Buyer and their agent to verify all information. Property being sold as-is.

21. 2024-10-24
    listed $85,000 Active 76-char remark

    Show marketing remark (76 chars)

    Buyer and their agent to verify all information. Property being sold as-is.

22. 2021-10-01
    historical
23. 2021-10-01
    historical
24. 2021-10-01
    historical
25. 2016-10-03
    listed $60,000
26. 2016-06-13
    soldstatus
27. 2016-03-03
    listed $30,000
28. 2015-05-13
    listed $45,000
29. 2014-10-06
    listed $52,000
30. 2004-10-11
    soldstatus
31. 1999-11-08
    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: $979 · $82/mo
• Projected year-2 tax: $1,066 · $89/mo
• Expected delta: +$87/yr (+$7/mo · 8.8%)

ⓘ 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 5/10 Major
• 🌡 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: $27,151
• − Mortgage interest: −$7,557
• − Property taxes: −$979
• − Insurance: −$675
• − Repairs & maintenance: −$2,172
• − Management: −$2,172
• − Depreciation: −$3,925
• Taxable income: $9,672
• Est. tax owed @ 24.0%: −$2,321
• After-tax cash flow: $8,985/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

+178.7% since first listed

15 events — show timeline

• 2026-04-16 Listed $144,911 MLSU
• 2024-12-03 Sold (Public Records) — Public Records
• 2024-11-26 Sold (MLS) — MLSU
• 2024-10-28 Pending — MLSU
• 2024-10-24 Listed $85,000 MLSU
• 2021-10-01 Listing Removed — MLSU
• 2021-10-01 Listing Removed — MLSU
• 2021-10-01 Listing Removed — MLSU
• 2016-10-03 Listed $60,000 MLSU
• 2016-06-13 Sold (MLS) — MLSU
• 2016-03-03 Listed $30,000 MLSU
• 2015-05-13 Listed $45,000 MLSU
• 2014-10-06 Listed $52,000 MLSU
• 2004-10-11 Sold (Public Records) — Public Records
• 1999-11-08 Sold (Public Records) — Public Records

Property tax history

-0.2%/yr

Latest (2025): $979 · +0.0% YoY. Source: county tax records.