198 Keller Ave · Biloxi, MS 39530

$149,900

3 bd · 1.0 ba · 990 sqft · SingleFamily public records · 43 Days on market

Built 2008 1,306 sqft lot $151/sqft · 7% above area Est $140k · 7% 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
• DSCR +10.0/10.0
• 1% rule +8.0/10.0
• Schools +4.5/10.0
• ARV discount +4.2/15.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This charming 3-bedroom, 1 bathroom home is located in the heart of East Biloxi, less than half a mile from the beach and a mile from the closest casino. Built in 2008, this home features a new roof, all ceramic tile, and freshly painted walls. It is the perfect place to relax and enjoy all that Biloxi has to offer. This cozy house comes with all appliances including washer and dryer. Contact you realtor to see this property today! *seller makes no warranties express or implied on condition of appliances*

Key facts

• 1,306 sq ft lot
• 2 parking spots
• Built 2008

Property features AI

Exterior

• Parking: 2-space carport; Paved parking
• Security: Window bars
• Utilities: Public water; Public sewer; Electricity connected
• Home design: Single-family house; One level; Updated/remodeled
• Construction: Vinyl siding; Slab foundation; Shingle roof; Built (year per public records)
• Exterior features: Corner lot; See remarks

Interior

• Kitchen: Electric range; Refrigerator
• Flooring: Ceramic tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Bidet; See remarks (additional exterior/interior details)
• Laundry & utility: Laundry area inside

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $230 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $145k (3.0% below list) — sets the bar for market timing.
• Cap rate 11.6% vs local median 3.5% in Biloxi — 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 79/100 on livability (#6 in MS, #2,141 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: commute D+, amenities F, employment D-.
• Biloxi Public School District (urban): math 60% / reading 48% proficiency, ranked #7 of 130 in MS (top 5%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 164 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 90% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 2,194 units permitted in Harrison County in 2024 (0 in 5+ unit buildings).
• At $1,952/mo this rent would consume 57% of the median local household income ($41k/yr) (locally 329% 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 $1k of loan paydown is wiped out by about $4k 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 43 days — a 3% lower offer ($145k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 5y ago; this cycle's ask has dropped $10k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); 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 $145,403 (3.0% below list)

Questions for the listing agent

1. It's been on market 43 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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: 1.30% ✓
• Cap rate: 11.55%
• Cash-on-cash: 18.78%
• DSCR: 1.84
• GRM: 6.4

CMA / ARV

• ARV (median comp): $139,587
• List price: $149,900
• Delta: 7.39%
• 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
545 Esters Blvd	0.05mi	2/1.0 (-1)	979 (-1%)	11mo	$110,000	$112	82
183 Lee St	0.11mi	2/1.0 (-1)	1,000 (+1%)	11mo	$149,000	$149	79
202 Lee St	0.08mi	2/1.0 (-1)	1,008 (+2%)	13mo	$100,800	$100	78
512 Peyton Dr	0.08mi	2/1.0 (-1)	933 (-6%)	9mo	$148,000	$159	74
167 Keller Ave	0.12mi	2/1.0 (-1)	936 (-6%)	10mo	$95,500	$102	72
617 Roy St	0.46mi	2/1.0 (-1)	991 (+0%)	3mo	$125,000	$126	71
264 Kuhn St	0.41mi	3/1.5	1,020 (+3%)	5mo	$109,500	$107	70
395 Bonner Dr	0.35mi	3/2.0	972 (-2%)	12mo	$220,000	$226	67
188 Bellman St	0.21mi	3/3.0	1,070 (+8%)	11mo	$20,000	$19	60
281 Strangi Ave	0.33mi	3/1.0	846 (-14%)	11mo	$84,900	$100	51
194 Hoxie St	0.54mi	2/1.0 (-1)	1,090 (+10%)	4mo	$142,000	$130	50
324 Crawford St	0.61mi	2/1.0 (-1)	1,072 (+8%)	8mo	$135,000	$126	46

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: -6.0%
• Equity multiple: 0.78×
• Total profit: $-9,414
• Equity at exit: $22,351

10-year hold

• IRR: 3.8%
• Equity multiple: 1.27×
• Total profit: $11,511
• Equity at exit: $12,961

Cash invested: $41,972 (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 39530

• Active inventory: 164
• Price-to-rent: 6.4×

Monthly cashflow live

• Estimated rent: $1,952 high
• Mortgage (P&I): −$786
• Tax from tax record: −$36 /mo · $436/yr
• Insurance: −$62
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$410
• Net cashflow: $230

Break-even live

Break-even rent $1,660

Max offer price $149,900

Occupancy floor 83%

Sensitivity live

Price	-10% $315	-5% $273	+0% $230	+5% $188	+10% $146
Rent	-10% $76	-5% $153	+0% $230	+5% $308	+10% $385
Rate	-1.0pp $306	-0.5pp $269	base $230	+0.5pp $192	+1.0pp $152

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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
420 Richmond Dr Biloxi, MS	3.0	2.0	1020	$1,600	$1.57	44d	1	0.31mi
520 Beach Blvd Biloxi, MS	2.0	2.0	1089	$2,950	$2.71	44d	1	0.33mi
306 4th St Biloxi, MS	2.0	1.0	1000	$1,500	$1.50	44d	1	0.59mi
270 Bohn St Biloxi, MS	2.0	1.0	1050	$1,200	$1.14	45d	1	0.96mi
133 Hopkins Blvd Biloxi, MS	2.0	1.0	800	$2,400	$3.00	44d	1	1.07mi
309 Seal Ave Biloxi, MS	2.0	1.0	1100	$1,400	$1.27	22d	1	1.21mi
255 Benachi Ave Biloxi, MS	2.0	1.5	1008	$2,000	$1.98	44d	1	1.34mi
259 Benachi Ave Biloxi, MS	2.0	1.5	1100	$1,900	$1.73	44d	1	1.34mi
265 Benachi Ave Biloxi, MS	2.0	1.5	1015	$2,000	$1.97	44d	1	1.35mi
269 Benachi Ave Biloxi, MS	2.0	1.5	1017	$2,250	$2.21	44d	1	1.35mi

Listing history 28 events

1. 2026-06-18
   days on market $149,900 Active 43 DOM
2. 2026-06-17
   days on market $149,900 Active 42 DOM
3. 2026-06-16
   days on market $149,900 Active 41 DOM
4. 2026-06-15
   days on market $149,900 Active 40 DOM
5. 2026-06-14
   days on market $149,900 Active 38 DOM
6. 2026-06-13
   days on market $149,900 Active 37 DOM
7. 2026-06-09
   days on market $149,900 Active 34 DOM
8. 2026-06-08
   days on market $149,900 Active 33 DOM
9. 2026-06-07
   days on market $149,900 Active 32 DOM
10. 2026-06-05
    days on market $149,900 Active 29 DOM
11. 2026-06-03
    pricedays on market $149,900 Active 28 DOM
12. 2026-06-02
    remarks 699-char remark
13. 2026-06-02
    days on market $159,500 Active 27 DOM
14. 2026-06-01
    days on market $159,500 Active 26 DOM
15. 2026-05-31
    days on market $159,500 Active 25 DOM
16. 2026-05-30
    days on market $159,500 Active 24 DOM
17. 2026-05-06
    listed $159,500 Active 708-char remark
18. 2023-09-19
    soldstatus
19. 2023-09-05
    soldstatus Closed 519-char remark

    Show marketing remark (519 chars)

    This charming 3-bedroom, 1 bathroom home is located in the heart of East Biloxi, less than half a mile from the beach and a mile from the closest casino. Built in 2008, this home features a new roof, all ceramic tile, and freshly painted walls. It is the perfect place to relax and enjoy all that Biloxi has to offer. This cozy house comes with all appliances including washer and dryer. Contact you realtor to see this property today! *seller makes no warranties express or implied on condition of appliances*

20. 2023-08-20
    status Pending 519-char remark

    Show marketing remark (519 chars)

    This charming 3-bedroom, 1 bathroom home is located in the heart of East Biloxi, less than half a mile from the beach and a mile from the closest casino. Built in 2008, this home features a new roof, all ceramic tile, and freshly painted walls. It is the perfect place to relax and enjoy all that Biloxi has to offer. This cozy house comes with all appliances including washer and dryer. Contact you realtor to see this property today! *seller makes no warranties express or implied on condition of appliances*

21. 2023-08-19
    status Active 519-char remark

    Show marketing remark (519 chars)

    This charming 3-bedroom, 1 bathroom home is located in the heart of East Biloxi, less than half a mile from the beach and a mile from the closest casino. Built in 2008, this home features a new roof, all ceramic tile, and freshly painted walls. It is the perfect place to relax and enjoy all that Biloxi has to offer. This cozy house comes with all appliances including washer and dryer. Contact you realtor to see this property today! *seller makes no warranties express or implied on condition of appliances*

22. 2023-08-06
    status Pending 519-char remark

    Show marketing remark (519 chars)

    This charming 3-bedroom, 1 bathroom home is located in the heart of East Biloxi, less than half a mile from the beach and a mile from the closest casino. Built in 2008, this home features a new roof, all ceramic tile, and freshly painted walls. It is the perfect place to relax and enjoy all that Biloxi has to offer. This cozy house comes with all appliances including washer and dryer. Contact you realtor to see this property today! *seller makes no warranties express or implied on condition of appliances*

23. 2023-08-04
    listed $119,000 Active 519-char remark

    Show marketing remark (519 chars)

    This charming 3-bedroom, 1 bathroom home is located in the heart of East Biloxi, less than half a mile from the beach and a mile from the closest casino. Built in 2008, this home features a new roof, all ceramic tile, and freshly painted walls. It is the perfect place to relax and enjoy all that Biloxi has to offer. This cozy house comes with all appliances including washer and dryer. Contact you realtor to see this property today! *seller makes no warranties express or implied on condition of appliances*

24. 2022-03-24
    soldstatus
25. 2022-03-23
    soldstatus Closed

    Show marketing remark (274 chars)

    First time home buyers or investors, you don't want to miss this adorable cottage with its open floor plan, garden area and stainless steel appliances! The property is located in close proximity to the beach and local businesses. Owner requests 24 hour notice for showings.

26. 2022-02-11
    status Pending

    Show marketing remark (274 chars)

    First time home buyers or investors, you don't want to miss this adorable cottage with its open floor plan, garden area and stainless steel appliances! The property is located in close proximity to the beach and local businesses. Owner requests 24 hour notice for showings.

27. 2021-12-07
    listed $93,481 Active

    Show marketing remark (274 chars)

    First time home buyers or investors, you don't want to miss this adorable cottage with its open floor plan, garden area and stainless steel appliances! The property is located in close proximity to the beach and local businesses. Owner requests 24 hour notice for showings.

28. 2005-03-16
    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: $436 · $36/mo
• Projected year-2 tax: $1,184 · $99/mo
• Expected delta: +$748/yr (+$62/mo · 171.4%)

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

Climate risk First Street

• 🌊 Flood 7/10 Severe FEMA zone AE · 71% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥105°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: $23,421
• − Mortgage interest: −$8,397
• − Property taxes: −$436
• − Insurance: −$5,868
• − Repairs & maintenance: −$1,874
• − Management: −$1,874
• − Depreciation: −$4,361
• Taxable income: $612
• Est. tax owed @ 24.0%: −$147
• After-tax cash flow: $2,619/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: Biloxi Public School District
• NCES district ID: 2800630
• Math proficiency: 60% ▼ -7.00%
• Reading proficiency: 48% ▼ -3.00%
• Median HH income: $40,608
• Composite: 45.26/100
• National rank: #2657
• State rank: #7 of 130 in MS

Livability — Biloxi

• Score: 79/100
• State rank: #6
• US rank: #2141

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Biloxi, MS
• County: Harrison County · 178,171 people
• City population: 63,281
• Metro: Gulfport-Biloxi, MS
• Population (ZIP): 7,701
• Household income: $41,117
• Rent vs Own: 45.4% rent · 54.6% own
• Severe rent burden: 329.0

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 0.66)
• Race & ethnicity: White 48% Black 28% Hispanic / Latino 15% Two or more races 5% Asian 4% Native American 3%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Lithuanian 9% Slovak 2% Italian 1%
• Foreign-born: 13% · Canada, Vietnam
• Languages at home: 82% English-only · Spanish 14% Vietnamese 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: ▼ -108.19%
• Current HPI: 181.0603
• Rent YoY: —
• Metro: Gulfport-Biloxi, MS
• State GDP YoY: —
• F500 in state: 0

Price history

+60.4% since first listed

13 events — show timeline

• 2026-06-03 Price Changed $149,900 MLSU
• 2026-05-06 Listed $159,500 MLSU
• 2023-09-19 Sold (Public Records) — Public Records
• 2023-09-05 Sold (MLS) — MLSU
• 2023-08-20 Pending — MLSU
• 2023-08-19 Relisted — MLSU
• 2023-08-06 Pending — MLSU
• 2023-08-04 Listed $119,000 MLSU
• 2022-03-24 Sold (Public Records) — Public Records
• 2022-03-23 Sold (MLS) — MLSU
• 2022-02-11 Pending — MLSU
• 2021-12-07 Listed $93,481 MLSU
• 2005-03-16 Sold (Public Records) — Public Records

Property tax history

+1.0%/yr

Latest (2025): $436 · +5.5% YoY. Source: county tax records.