1130 Beach Blvd #307 · Biloxi, MS 39530

$210,000

2 bd · 2.0 ba · 1,517 sqft · Condo · 389 Days on market

Built 1981 Good condition $138/sqft · 7% below area Est $226k · 7% under $588/mo HOA · 31% of rent ↓ 20% since listing

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Why this score? — see what drove the F 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).

• ARV discount +10.6/15.0
• Schools +5.0/10.0
• Cash flow +4.4/30.0
• 1% rule +4.0/10.0
• Livability +4.0/5.0
• Condition / age +4.0/5.0
• Rent growth +2.5/5.0
• DSCR +0.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This spacious beachfront condo offers over 1,500 square feet of fully furnished living space with stunning balcony views. Perfect as a primary residence, vacation getaway, or income-producing property, it is already a functioning short-term rental. Enjoy resort-style amenities including a pool, tennis court, and secure interior entrances for peace of mind. With its prime beachfront location and turnkey setup, this condo combines comfort, convenience, and investment potential all in one.

Key facts

• $588 HOA
• Community pool
• Built 1981

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $210k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-549 ($-7k/yr) — negative.
• To cash-flow at today's rent, offer at most $131k (37.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $189k (10.2% below list).
• Recommended offer: $131k (37.8% below list) — sets the bar for cash-flow.

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.
• Zoned schools: Gorenflo Elementary School (math 42% / reading 37%, grade F, #122 of 375 statewide, top 34%, 350 students, 99% FRL); Biloxi Junior High (math 60% / reading 43%, grade C, #27 of 179 statewide, top 16%, 881 students, 100% FRL); Biloxi High School (math 65% / reading 53%, grade C+, #7 of 197 statewide, top 3%, 1,728 students, 100% FRL) — zoned schools average 100% FRL vs 59% district-wide (40 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 213 active listings in the ZIP; 18 comparable units currently listed for rent nearby; rentals lingering (median 140d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 78% 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 $1,886/mo this rent would consume 55% of the median local household income ($41k/yr) (locally 24% 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 $6k 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 389 days — a 12% lower offer ($185k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 12y ago; this cycle's ask has dropped $30k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: HOA is 31% of rent.
• Climate carrying-cost: 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 $130,541 (37.8% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 389 days. Have you received any prior offers? Is the seller open to a 38% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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.
9. 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.
10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.90% ✗
• Cap rate: 3.16%
• Cash-on-cash: -11.21%
• DSCR: 0.50
• GRM: 9.3

CMA / ARV

• ARV (median comp): $225,598
• List price: $210,000
• Delta: -6.91%
• Verdict: FAIR
• Comps: 10 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1130 Beach Blvd #503	0.00mi	2/2.0	1,517 (0%)	4mo	$220,000	$145	96
1130 Beach Blvd #408	0.00mi	2/2.0	1,517 (0%)	6mo	$213,900	$141	95
134 Oak Grove Pl	0.43mi	2/2.0	1,596 (+5%)	5mo	$200,000	$125	67
224 Seal Ave	0.57mi	3/2.0 (+1)	1,520 (+0%)	2mo	$299,900	$197	66
1093 Cherokee St	0.59mi	3/2.0 (+1)	1,450 (-4%)	7mo	$207,000	$143	54
224 Querens Ave	0.39mi	3/2.0 (+1)	1,340 (-12%)	5mo	$210,000	$157	53
420 Beverly Dr	1.44mi	3/2.0 (+1)	1,534 (+1%)	6mo	$279,000	$182	53
264 N Forrest Ave	0.44mi	2/2.0	1,250 (-18%)	3mo	$225,000	$180	52
247 Forrest Ave	0.38mi	2/2.0	1,200 (-21%)	7mo	$279,999	$233	52
132 Dukate St	1.27mi	2/2.0	1,378 (-9%)	5mo	$249,000	$181	46
1308 Father Ryan Ave	0.59mi	3/2.0 (+1)	1,715 (+13%)	0mo	$442,000	$258	46
649 Howard Ave	1.27mi	3/3.0 (+1)	1,700 (+12%)	5mo	$399,900	$235	32

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: -36.4%
• Equity multiple: -0.17×
• Total profit: $-68,613
• Equity at exit: $31,312

10-year hold

• IRR: -48.6%
• Equity multiple: -0.76×
• Total profit: $-103,198
• Equity at exit: $18,157

Cash invested: $58,800 (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: 213
• Price-to-rent: 9.3×

Monthly cashflow live

• Estimated rent: $1,886 high
• Mortgage (P&I): −$1,101
• Tax est. 1.5%: −$262 /mo · $3,150/yr
• Insurance: −$88
• HOA: −$588
• Vacancy / Maint / Mgmt: −$396
• Net cashflow: $-549

Break-even live

Break-even rent $2,581

Max offer price $130,541

Occupancy floor —

Sensitivity live

Price	-10% $-404	-5% $-477	+0% $-549	+5% $-622	+10% $-694
Rent	-10% $-698	-5% $-624	+0% $-549	+5% $-475	+10% $-400
Rate	-1.0pp $-443	-0.5pp $-496	base $-549	+0.5pp $-604	+1.0pp $-659

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: $52,500
• Closing costs: $6,300
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
259 Benachi Ave Biloxi, MS	2.0	1.5	1100	$1,900	$1.73	139d	1	0.47mi
259 Benachi Ave Biloxi, MS	2.0	1.5	1100	$2,200	$2.00	6d	1	0.47mi
265 Benachi Ave Unit B Biloxi, MS	2.0	1.5	1100	$2,000	$1.82	6d	1	0.49mi
185 Saint Jude St Biloxi, MS	3.0	2.0	1554	$1,875	$1.21	139d	1	0.60mi
1324 Beach Blvd Biloxi, MS	3.0	3.0	2218	$4,200	$1.89	139d	1	0.64mi
962 Thelma St Biloxi, MS	3.0	2.0	1200	$1,649	$1.37	139d	1	0.67mi
309 Seal Ave Biloxi, MS	2.0	1.0	1100	$1,400	$1.27	117d	1	0.71mi
145 Saint Francis St Biloxi, MS	2.0	2.0	1467	$2,900	$1.98	139d	1	0.78mi
270 Bohn St Biloxi, MS	2.0	1.0	1050	$1,200	$1.14	140d	1	0.79mi
479 Porter Ave Biloxi, MS	2.0	2.0	1350	$1,699	$1.26	6d	1	1.04mi
1496 Beach Blvd Biloxi, MS	2.0	1.5	1100	$1,450	$1.32	109d	1	1.31mi
1496 Beach Blvd Biloxi, MS	2.0	2.0	1150	$1,650	$1.43	139d	1	1.31mi
1496 Beach Blvd Biloxi, MS	2.0	1.5	1100	$1,300	$1.18	0d	1	1.31mi
626 Water St Biloxi, MS	3.0	2.0	1800	$2,300	$1.28	139d	1	1.33mi
626 Water St Biloxi, MS	3.0	2.0	1800	$2,200	$1.22	117d	1	1.33mi
620 Murray St Biloxi, MS	3.0	1.5	1300	$1,600	$1.23	139d	1	1.40mi
271 Ebony Ln Biloxi, MS	3.0	2.0	1498	$1,600	$1.07	109d	1	1.41mi
154 Saint Charles Ave Biloxi, MS	2.0	1.0	1292	$1,400	$1.08	139d	1	1.50mi

HOA detail $588/mo · $7,056/yr condo

• Likely covers: pool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 50 events

1. 2026-09-24
   days on market $210,000 Active 389 DOM
2. 2026-09-24
   days on market $210,000 Active 388 DOM
3. 2026-09-22
   days on market $210,000 Active 387 DOM
4. 2026-09-21
   days on market $210,000 Active 386 DOM
5. 2026-09-20
   days on market $210,000 Active 385 DOM
6. 2026-09-19
   days on market $210,000 Active 384 DOM
7. 2026-09-18
   days on market $210,000 Active 383 DOM
8. 2026-09-17
   days on market $210,000 Active 382 DOM
9. 2026-09-16
   days on market $210,000 Active 381 DOM
10. 2026-09-15
    days on market $210,000 Active 380 DOM
11. 2026-09-14
    days on market $210,000 Active 379 DOM
12. 2026-09-13
    days on market $210,000 Active 378 DOM
13. 2026-09-12
    days on market $210,000 Active 377 DOM
14. 2026-09-11
    days on market $210,000 Active 376 DOM
15. 2026-09-05
    days on market $210,000 Active 370 DOM
16. 2026-09-04
    days on market $210,000 Active 369 DOM
17. 2026-09-03
    days on market $210,000 Active 368 DOM
18. 2026-08-31
    days on market $210,000 Active 367 DOM
19. 2026-08-30
    days on market $210,000 Active 366 DOM
20. 2026-08-29
    days on market $210,000 Active 365 DOM
21. 2026-08-28
    pricedays on market $210,000 Active 364 DOM
22. 2026-08-27
    days on market $220,000 Active 363 DOM
23. 2026-08-26
    days on market $220,000 Active 362 DOM
24. 2026-08-25
    days on market $220,000 Active 361 DOM
25. 2026-08-24
    days on market $220,000 Active 360 DOM
26. 2026-08-23
    days on market $220,000 Active 359 DOM
27. 2026-08-22
    days on market $220,000 Active 358 DOM
28. 2026-08-21
    days on market $220,000 Active 357 DOM
29. 2026-08-20
    days on market $220,000 Active 356 DOM
30. 2026-08-19
    days on market $220,000 Active 355 DOM
31. 2026-08-18
    days on market $220,000 Active 354 DOM
32. 2026-08-17
    days on market $220,000 Active 353 DOM
33. 2026-08-16
    days on market $220,000 Active 352 DOM
34. 2026-08-15
    days on market $220,000 Active 351 DOM
35. 2026-08-14
    days on market $220,000 Active 350 DOM
36. 2026-08-13
    days on market $220,000 Active 349 DOM
37. 2026-08-12
    days on market $220,000 Active 348 DOM
38. 2026-08-11
    days on market $220,000 Active 347 DOM
39. 2026-08-10
    days on market $220,000 Active 346 DOM
40. 2026-08-09
    days on market $220,000 Active 345 DOM
41. 2026-08-08
    days on market $220,000 Active 344 DOM
42. 2026-08-07
    days on market $220,000 Active 343 DOM
43. 2026-08-06
    days on market $220,000 Active 342 DOM
44. 2026-08-05
    days on market $220,000 Active 341 DOM
45. 2026-08-04
    days on market $220,000 Active 340 DOM
46. 2026-08-03
    days on market $220,000 Active 339 DOM
47. 2026-07-31
    days on market $220,000 Active 336 DOM
48. 2026-07-30
    days on market $220,000 Active 335 DOM
49. 2026-07-29
    days on market $220,000 Active 334 DOM
50. 2026-07-27
    days on market $220,000 Active 332 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 10% 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 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,635
• − Mortgage interest: −$11,763
• − Property taxes: −$3,150
• − Insurance: −$1,050
• − Repairs & maintenance: −$1,811
• − Management: −$1,811
• − HOA: −$7,056
• − Depreciation: −$6,109
• Taxable loss: −$10,115
• Est. tax savings @ 24.0%: +$2,428
• After-tax cash flow: $-4,162/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.

Condition & rehab AI · 13 photos

Good 80/100 Cosmetic rehab Est. rehab $7,585–$22,755 screening

This spacious beachfront condo is in good condition with cosmetic updates needed. It offers a prime location and is already set up as a short-term rental, making it a great investment opportunity.

Value-add opportunities

• Both Paint exterior — Enhances curb appeal and resale value ↑
• Both Replace ceiling fans with energy-efficient models — Saves on energy costs and improves comfort ↑
• Both Upgrade kitchen appliances — Modernizes the space and increases appeal ↑

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

D Composite school gradezoned avg 50/100

Zoned Schools

Elementary Gorenflo Elementary School F MS #122/375 Nat'l #19,648/41,679 Middle Biloxi Junior High C MS #27/179 Nat'l #3,192/14,009 High Biloxi High School C+ MS #7/197 Nat'l #3,898/17,239

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

B Composite livability gradescore 79/100

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 · 228,444 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: 24% of renters

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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%

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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%

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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

-20.0% since first listed

14 events — show timeline

• 2026-04-10 Price Changed $220,000 MLSU
• 2025-08-29 Listed $240,000 MLSU
• 2025-04-21 Listing Removed — MLSU
• 2024-10-21 Listed $295,000 MLSU
• 2024-10-12 Listing Removed — MLSU
• 2024-04-11 Listed $324,900 MLSU
• 2021-10-01 Listing Removed — MLSU
• 2021-10-01 Listing Removed — MLSU
• 2021-10-01 Listing Removed — MLSU
• 2021-09-15 Listing Removed — MLSU
• 2021-01-15 Listed $203,000 MLSU
• 2020-01-03 Listed $203,000 MLSU
• 2018-03-27 Listed $225,000 MLSU
• 2014-06-30 Listed $275,000 MLSU