2501 Bienville Blvd #134 · Ocean Springs, MS 39564

$199,900

1 bd · 1.0 ba · 855 sqft · Condo · 81 Days on market

Built 2019 Excellent condition $234/sqft · 19% below area Est $245k · 19% under

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Why this score? — see what drove the D+ 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 +15.0/15.0
• Cash flow +7.4/30.0
• Schools +5.3/10.0
• Condition / age +4.8/5.0
• Livability +4.3/5.0
• 1% rule +4.2/10.0
• Rent growth +2.8/5.0
• DSCR +1.5/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Imagine Inlet living in this fully furnished condo in beautiful Ocean Springs. Enjoy stunning views, parades and car shows from your private balcony! Whether you are enjoying a cool morning breeze or gazing at the stars at night, your private balcony is the perfect place to relax! The open concept kitchen incl professional series appliances, stone counters & custom cabinetry. Large master bedroom w/ ensuite master bath creates a luxurious, spa-like atmosphere. Condo comes fully furnished. Residence amenities incl the most STUNNING resort style pool w/ unparalleled views of the bayou, plenty of space to hangout & enjoy an afternoon happy hour, a private fitness center-open 24 hours a day, an onsite kayak/paddle board launch allowing you to truly be one w/nature & dog park! This incredible condo is less than 5 min from Downtown & Front Beach. With an onsite deli, meat market, yoga studio & restaurant, this community is as stress free as it is beautiful! Call today!

Key facts

• Custom cabinetry
• Open concept kitchen
• Private balcony

Tags

• PRIVATE BALCONY
• OPEN CONCEPT KITCHEN
• PROFESSIONAL SERIES APPLIANCES
• STONE COUNTERS
• CUSTOM CABINETRY
• RESORT STYLE POOL

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $200k. Condition is rated excellent.

Deal economics

• At list price, monthly cash flow is $-687 ($-8k/yr) — negative.
• To cash-flow at today's rent, offer at most $148k (26.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $183k (8.3% below list).
• Recommended offer: $148k (26.1% below list) — sets the bar for cash-flow.

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); Ocean Springs Upper Elementary Scho (math 59% / reading 56%, grade B, #12 of 179 statewide, top 6%, 1,332 students, 100% FRL); Ocean Springs High School (math 77% / reading 64%, grade B+, #1 of 197 statewide, top 0%, 1,899 students, 100% FRL) — zoned schools average 100% FRL vs 33% district-wide (67 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+1.3%/yr); 723 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 60% 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

• It's been on market 81 days — a 6% lower offer ($188k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 5y ago; this cycle's ask has dropped $15k (7%) 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 $147,825 (26.1% 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 81 days. Have you received any prior offers? Is the seller open to a 26% concession, seller financing, or rate buy-down credit?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. 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?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. 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?
9. 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?
10. 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.
11. 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.
12. 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: 0.92% ✗
• Cap rate: 4.73%
• Cash-on-cash: -5.58%
• DSCR: 0.75
• GRM: 9.1

CMA / ARV

• ARV (median comp): $245,475
• List price: $199,900
• Delta: -18.57%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 1.31% rent growth · sell at horizon

5-year hold

• IRR: -47.6%
• Equity multiple: -0.41×
• Total profit: $-78,715
• Equity at exit: $29,806

10-year hold

• IRR: —
• Equity multiple: -1.41×
• Total profit: $-135,041
• Equity at exit: $17,284

Cash invested: $55,972 (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 39564

• Home prices YoY: -26.8%
• Rents YoY: 1.3%
• Active inventory: 723
• Price-to-rent: 9.1×

Monthly cashflow live

• Estimated rent: $1,833 high
• Mortgage (P&I): −$1,048
• Tax est. 1.5%: −$250 /mo · $2,998/yr
• Insurance: −$83
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA est. from 3 same-building comps: −$327
• Vacancy / Maint / Mgmt: −$385
• Net cashflow: $-687

Break-even live

Break-even rent $2,703

Max offer price $100,507

Occupancy floor —

Sensitivity live

Price	-10% $-549	-5% $-618	+0% $-687	+5% $-756	+10% $-825
Rent	-10% $-832	-5% $-759	+0% $-687	+5% $-614	+10% $-542
Rate	-1.0pp $-586	-0.5pp $-636	base $-687	+0.5pp $-739	+1.0pp $-791

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: $49,975
• Closing costs: $5,997
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2501 Bienville Blvd Unit 432 Ocean Springs, MS	2.0	2.0	1095	$2,300	$2.10	45d	1	0.03mi
2501 Bienville Blvd Ocean Springs, MS	1.0	1.0	855	$1,900	$2.22	15d	1	0.14mi
600 Bechtel Blvd Ocean Springs, MS	2.0	2.0	944	$1,500	$1.59	15d	1	0.58mi
2151 Government St Ocean Springs, MS	2.0	1.0	547	$1,525	$2.79	45d	1	0.82mi
2 Fleetwood Pl Ocean Springs, MS	2.0	1.0	912	$2,000	$2.19	45d	1	1.37mi

HOA detail condo

• Monthly dues: $0 · $0/yr
• Likely covers: poolgym
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 20 events

1. 2026-06-21
   days on market $199,900 Active 81 DOM
2. 2026-06-18
   days on market $199,900 Active 78 DOM
3. 2026-06-17
   days on market $199,900 Active 77 DOM
4. 2026-06-16
   days on market $199,900 Active 76 DOM
5. 2026-06-15
   days on market $199,900 Active 75 DOM
6. 2026-06-14
   days on market $199,900 Active 73 DOM
7. 2026-06-13
   days on market $199,900 Active 72 DOM
8. 2026-06-10
   days on market $199,900 Active 70 DOM
9. 2026-06-09
   days on market $199,900 Active 69 DOM
10. 2026-06-09
    price $199,900 Active 68 DOM
11. 2026-06-08
    days on market $215,000 Active 68 DOM
12. 2026-06-07
    days on market $215,000 Active 67 DOM
13. 2026-06-02
    days on market $215,000 Active 62 DOM
14. 2026-06-01
    days on market $215,000 Active 61 DOM
15. 2026-05-31
    days on market $215,000 Active 60 DOM
16. 2026-05-30
    days on market $215,000 Active 59 DOM
17. 2026-04-01
    listed $215,000 Active 997-char remark

    Show marketing remark (997 chars)

    Imagine Inlet living in this fully furnished condo in beautiful Ocean Springs. Enjoy stunning views, parades and car shows from your private balcony! Whether you are enjoying a cool morning breeze or gazing at the stars at night, your private balcony is the perfect place to relax! The open concept kitchen incl professional series appliances, stone counters & custom cabinetry. Large master bedroom w/ ensuite master bath creates a luxurious, spa-like atmosphere. Condo comes fully furnished. Residence amenities incl the most STUNNING resort style pool w/ unparalleled views of the bayou, plenty of space to hangout & enjoy an afternoon happy hour, a private fitness center-open 24 hours a day, an onsite kayak/paddle board launch allowing you to truly be one w/nature & dog park! This incredible condo is less than 5 min from Downtown & Front Beach. With an onsite deli, meat market, yoga studio & restaurant, this community is as stress free as it is beautiful! Call today!

18. 2021-12-17
    soldstatus Closed 822-char remark

    Show marketing remark (822 chars)

    Imagine Inlet living! Enjoy stunning views of Fort Bayou & the nature preserve, your private balcony is the perfect place to relax! The open concept kitchen incl professional series appliances, stone counters & custom cabinetry. Large master bedroom w/ ensuite master bath creates a luxurious, spa-like atmosphere. Residence amenities incl the most STUNNING resort style pool w/ unparalleled views of the bayou, plenty of space to hangout & enjoy an afternoon happy hour, a private fitness center-open 24 hours a day, an onsite kayak/paddle board launch allowing you to truly be one w/nature & dog park! This incredible condo is less than 5 min from Downtown & Front Beach. With an onsite deli, meat market, yoga studio & restaurant, this community is as stress free as it is beautiful! Call today!

19. 2021-11-17
    status Pending 822-char remark

    Show marketing remark (822 chars)

    Imagine Inlet living! Enjoy stunning views of Fort Bayou & the nature preserve, your private balcony is the perfect place to relax! The open concept kitchen incl professional series appliances, stone counters & custom cabinetry. Large master bedroom w/ ensuite master bath creates a luxurious, spa-like atmosphere. Residence amenities incl the most STUNNING resort style pool w/ unparalleled views of the bayou, plenty of space to hangout & enjoy an afternoon happy hour, a private fitness center-open 24 hours a day, an onsite kayak/paddle board launch allowing you to truly be one w/nature & dog park! This incredible condo is less than 5 min from Downtown & Front Beach. With an onsite deli, meat market, yoga studio & restaurant, this community is as stress free as it is beautiful! Call today!

20. 2021-10-17
    listed $159,000 Active 822-char remark

    Show marketing remark (822 chars)

    Imagine Inlet living! Enjoy stunning views of Fort Bayou & the nature preserve, your private balcony is the perfect place to relax! The open concept kitchen incl professional series appliances, stone counters & custom cabinetry. Large master bedroom w/ ensuite master bath creates a luxurious, spa-like atmosphere. Residence amenities incl the most STUNNING resort style pool w/ unparalleled views of the bayou, plenty of space to hangout & enjoy an afternoon happy hour, a private fitness center-open 24 hours a day, an onsite kayak/paddle board launch allowing you to truly be one w/nature & dog park! This incredible condo is less than 5 min from Downtown & Front Beach. With an onsite deli, meat market, yoga studio & restaurant, this community is as stress free as it is beautiful! Call today!

ⓘ 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 10/10 Extreme FEMA zone AE · 99% 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: $21,997
• − Mortgage interest: −$11,198
• − Property taxes: −$2,998
• − Insurance: −$6,118
• − Repairs & maintenance: −$1,760
• − Management: −$1,760
• − HOA: −$3,924
• − Depreciation: −$5,815
• Taxable loss: −$11,576
• Est. tax savings @ 24.0%: +$2,778
• After-tax cash flow: $-5,464/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 · 12 photos

Excellent 95/100 None rehab

This fully furnished and move-in-ready condo offers stunning views, modern amenities, and a private balcony, making it an excellent investment opportunity.

Value-add opportunities

• Both Private balcony with stunning views — Enhances both resale and rental value.
• Both Modern kitchen appliances — Improves both resale and rental appeal.
• Both Spacious bathroom with walk-in shower — Enhances both resale and rental value.
• Rental Private fitness center — Attracts tenants with fitness amenities.
• Both Resort-style pool with bayou views — Enhances both resale and rental value.
• Rental Onsite kayak/paddle board launch — Attracts outdoor enthusiasts and families.
• Both Modern decor and furnishings — Enhances both resale and rental appeal.
• Both Large windows with blinds — Enhances both resale and rental value.
• Both Neutral paint colors and decorative wallpaper — Enhances both resale and rental appeal.

Renovation cost estimate screening

Value-add ROI direction

• Both Private balcony with stunning views — Enhances both resale and rental value. ↑
• Both Modern kitchen appliances — Improves both resale and rental appeal. ↑
• Both Spacious bathroom with walk-in shower — Enhances both resale and rental value. ↑
• Rental Private fitness center — Attracts tenants with fitness amenities. ↑
• Both Resort-style pool with bayou views — Enhances both resale and rental value. ↑
• Rental Onsite kayak/paddle board launch — Attracts outdoor enthusiasts and families. ↑
• Both Modern decor and furnishings — Enhances both resale and rental appeal. ↑
• Both Large windows with blinds — Enhances both resale and rental value. ↑
• Both Neutral paint colors and decorative wallpaper — Enhances both resale and rental appeal. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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

+35.2% since first listed

4 events — show timeline

• 2026-04-01 Listed $215,000 MLSU
• 2021-12-17 Sold (MLS) — MLSU
• 2021-11-17 Pending — MLSU
• 2021-10-17 Listed $159,000 MLSU