121 Linda Cir · Ocean Springs, MS 39564

$200,000

3 bd · 1.0 ba · 1,248 sqft · SingleFamily public records · 7 Days on market

Built 1962 8,712 sqft lot Est $240k · 17% under

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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 +17.7/30.0
• ARV discount +14.9/15.0
• DSCR +5.5/10.0
• Schools +5.3/10.0
• Livability +4.3/5.0
• 1% rule +4.1/10.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Discover the potential of this charming 3-bedroom, 1-bath home ideally located in the highly desirable Golf Cart District of Ocean Springs. Featuring a spacious open-concept kitchen with plenty of room for cooking and gathering, this home flows into an oversized living room that offers abundant space for relaxing and entertaining. Step outside to a large backyard designed for enjoying the coastal lifestyle. The expansive outdoor space is perfect for entertaining guests, giving kids and pets room to play, and includes both a deck and storage shed for added convenience. Whether you're looking for a primary residence, rental property, or investment opportunity, this home's location is hard to

Key facts

• Open-concept kitchen
• Large backyard
• Storage shed

Tags

• OPEN-CONCEPT KITCHEN
• OVERSIZED LIVING ROOM
• LARGE BACKYARD
• DECK
• STORAGE SHED
• GOLF CART DISTRICT

Property features AI

Exterior

• Parking: Circular driveway; Concrete driveway
• Utilities: Public water; Public sewer; Electricity connected; Natural gas connected
• Home design: Single family house; One story; Slab foundation
• Construction: Cement siding; Wood siding; Built in 1,248 (building area reported from public records)
• Exterior features: Privacy fencing; Asphalt shingle roof

Interior

• Kitchen: Dishwasher; Electric range; Refrigerator
• Flooring: Laminate flooring; Tile flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (natural gas); Central air conditioning
• Interior features: Private yard; Shed(s)

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $160 ($2k/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 $181k (9.3% below list).
• Recommended offer: $181k (9.3% below list) — sets the bar for 1% rule.
• Cap rate 7.3% vs local median 4.2% in Ocean Springs — 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 86/100 on livability (#2 in MS, #420 nationally) — a professional / high-income tenant draw. Strengths: crime A+, amenities A+, cost of living A+; Watch: commute F.
• Ocean Springs School District (suburban): math 64% / reading 59% proficiency, ranked #1 of 130 in MS (top 1%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Oak Park Elementary School (math 67% / reading 57%, grade B, #18 of 375 statewide, top 5%, 498 students, 99% FRL) — zoned schools average 99% FRL vs 33% district-wide (66 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+1.3%/yr); 714 active listings in the ZIP; 14 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; solid renter incomes; 516 units permitted in Jackson County in 2024 (6 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Climate carrying-cost: major flood risk; 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 $181,350 (9.3% below list)

Questions for the listing agent

1. Built in 1962 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 0.91% ✗
• Cap rate: 7.25%
• Cash-on-cash: 3.42%
• DSCR: 1.15
• GRM: 9.2

CMA / ARV

• ARV (on-the-fly): $239,616
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
201 Walnut Dr	0.16mi	3/1.5	1,130 (-10%)	0mo	$279,000	$247	74
2507 Ridgewood Rd	0.25mi	3/1.5	1,304 (+4%)	6mo	$249,900	$192	74
232 Woodland Cir	0.28mi	3/1.5	1,120 (-10%)	0mo	$170,000	$152	67
205 Walnut Dr	0.14mi	4/2.5 (+1)	1,376 (+10%)	4mo	$209,900	$153	62
417 Woody Cir	0.45mi	3/2.0	1,324 (+6%)	3mo	$339,000	$256	62
311 Teringo Cir	0.29mi	3/2.0	1,400 (+12%)	6mo	$224,900	$161	57
407 Holly St	0.72mi	3/1.0	1,300 (+4%)	7mo	$230,000	$177	53
443 Bills Ave	0.67mi	2/1.0 (-1)	1,163 (-7%)	0mo	$369,000	$317	52
2501 Bienville Blvd #416	0.40mi	2/2.0 (-1)	1,095 (-12%)	1mo	$285,000	$260	51
288 Mc Cool St	0.54mi	3/2.0	1,400 (+12%)	3mo	$241,000	$172	48
610 Clark Ave	0.69mi	3/2.0	1,110 (-11%)	9mo	$300,000	$270	38
2820 Lawnwood Dr	0.63mi	3/2.0	1,402 (+12%)	10mo	$240,000	$171	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 · 1.31% rent growth · sell at horizon

5-year hold

• IRR: -12.7%
• Equity multiple: 0.55×
• Total profit: $-25,316
• Equity at exit: $29,821

10-year hold

• IRR: -6.3%
• Equity multiple: 0.62×
• Total profit: $-21,146
• Equity at exit: $17,292

Cash invested: $56,000 (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 39564

• Home prices YoY: -26.8%
• Rents YoY: 1.3%
• Active inventory: 714
• Price-to-rent: 9.2×

Monthly cashflow live

• Estimated rent: $1,814 high
• Mortgage (P&I): −$1,049
• Tax from tax record: −$141 /mo · $1,691/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$381
• Net cashflow: $160

Break-even live

Break-even rent $1,611

Max offer price $200,000

Occupancy floor 86%

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: $50,000
• Closing costs: $6,000
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
212 Maple Dr Ocean Springs, MS	3.0	1.5	1092	$1,475	$1.35	13d	1	0.10mi
600 Bechtel Blvd Ocean Springs, MS	2.0	2.0	944	$1,500	$1.59	13d	1	0.21mi
246 Woodland Cir Ocean Springs, MS	3.0	1.0	984	$1,475	$1.50	43d	1	0.25mi
2501 Bienville Blvd Ocean Springs, MS	2.0	2.0	1156	$2,000	$1.73	43d	1	0.37mi
107 Elliott Pl Ocean Springs, MS	3.0	1.0	1148	$1,695	$1.48	21d	1	0.46mi
111 Armand Oaks Ocean Springs, MS	3.0	2.5	1500	$1,800	$1.20	43d	1	0.46mi
2501 Bienville Blvd Unit 432 Ocean Springs, MS	2.0	2.0	1095	$2,300	$2.10	43d	1	0.46mi
623 Camellia Pointe Blvd Ocean Springs, MS	2.0	2.0	1333	$2,200	$1.65	43d	1	0.52mi
422 Whispering Pine Dr Ocean Springs, MS	3.0	2.0	1075	$1,795	$1.67	13d	1	0.56mi
230 Saratoga Dr Ocean Springs, MS	3.0	2.0	1450	$1,800	$1.24	43d	1	0.63mi
230 Saratoga Dr Ocean Springs, MS	3.0	2.0	1380	$1,850	$1.34	13d	1	0.63mi
237 Saratoga Dr Ocean Springs, MS	3.0	2.0	1295	$2,150	$1.66	13d	1	0.68mi
2 Fleetwood Pl Ocean Springs, MS	2.0	1.0	912	$2,000	$2.19	43d	1	0.88mi
1509 Bowen Ave Ocean Springs, MS	2.0	1.0	1200	$1,600	$1.33	21d	1	1.19mi

Listing history 7 events

1. 2026-06-18
   days on market $200,000 Active 7 DOM
2. 2026-06-17
   days on market $200,000 Active 6 DOM
3. 2026-06-16
   days on market $200,000 Active 5 DOM
4. 2026-06-15
   days on market $200,000 Active 4 DOM
5. 2026-06-14
   days on market $200,000 Active 2 DOM
6. 2026-06-13
   remarks 699-char remark
7. 2026-06-13
   listed $200,000 Active 1 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: $1,691 · $141/mo
• Projected year-2 tax: $1,691 · $141/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 (unshaded) · 68% 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 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,762
• − Mortgage interest: −$11,203
• − Property taxes: −$1,691
• − Insurance: −$1,000
• − Repairs & maintenance: −$1,741
• − Management: −$1,741
• − Depreciation: −$5,818
• Taxable loss: −$1,432
• Est. tax savings @ 24.0%: +$344
• After-tax cash flow: $2,259/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: Ocean Springs School District
• NCES district ID: 2803360
• Math proficiency: 64% ▼ -3.00%
• Reading proficiency: 59% ▲ 1.00%
• Median HH income: $60,485
• Composite: 53.35/100
• National rank: #1477
• State rank: #1 of 130 in MS

Livability — Ocean Springs

• Score: 86/100
• State rank: #2
• US rank: #420

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Ocean Springs, MS
• County: Jackson County · 82,196 people
• City population: 43,240
• Metro: Gulfport-Biloxi, MS
• Population (ZIP): 43,240
• Household income: $78,596
• Rent vs Own: 27.8% rent · 72.2% own
• Severe rent burden: 734.0

Population outlook (Jackson County) Hauer SSP2

• Today (2025): 146,926 people
• By 2030: 148,442 · +1.0%
• By 2040: 149,631 · +1.8%
• By 2050: 148,723 · +1.2%
• By 2075: 147,845 · +0.6%
• By 2100: 144,510 · -1.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (74%)
• Race & ethnicity: White 74% Black 10% Hispanic / Latino 8% Two or more races 7% Asian 4%
• Hispanic origin (detail): Mexican 3% Puerto Rican 2%
• Common ancestry: Lithuanian 5% Slovak 4% Romanian 2%
• Foreign-born: 5% · Canada, South Korea, Vietnam
• Languages at home: 93% English-only · Spanish 3% Vietnamese 2% Tagalog/Filipino 1%

Political lean MEDSL · Jackson

• 2024 margin: Solid R (+39.9) · D 29.5% · R 69.4% · Other 1.1%
• 2008→2024 swing: -6.4pp toward R · 2008: -33.5pp · 2024: -39.9pp
• All cycles: 2024: R+39.9 2020: R+34.6 2016: R+39.9 2012: R+36.1 2008: R+33.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -74.77%
• Current HPI: 204.2244
• Rent YoY: ▲ 1.31%
• Metro: Gulfport-Biloxi, MS
• State GDP YoY: —
• F500 in state: 0

Price history

1 event — show timeline

• 2026-06-11 Listed $200,000 MLSU

Property tax history

+2.6%/yr

Latest (2025): $1,691 · +7.7% YoY. Source: county tax records.