10828 Haena Ct · Diamondhead, MS 39525

$197,500

3 bd · 2.0 ba · 1,200 sqft · SingleFamily public records · 271 Days on market

Built 2001 7,840 sqft lot $165/sqft · 11% below area Est $221k · 11% under ↓ 10% since listing

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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 +27.9/30.0
• ARV discount +12.4/15.0
• DSCR +9.9/10.0
• 1% rule +6.4/10.0
• Schools +3.9/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Pristine and completely updated 3-bedroom, 2-bathroom home featuring modern upgrades throughout. The spacious kitchen offers beautiful granite countertops and all-new fixtures, creating a fresh and inviting atmosphere. Enjoy the private, lighted backyard complete with a gazebo, perfect for entertaining or relaxing in the evenings. This move-in ready home has been thoughtfully updated and is ready for its new owners.

Key facts

• Gazebo
• Lighted backyard
• Granite countertops

Tags

• GRANITE COUNTERTOPS
• LIGHTED BACKYARD
• GAZEBO

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $198k.

Deal economics

• At list price, monthly cash flow is $606 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $198k).
• Recommended offer: $174k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.0% 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: amenities F, commute F, health & safety 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.
• Zoned schools: East Hancock Elementary School (math 64% / reading 59%, grade B, #22 of 375 statewide, top 6%, 639 students, 100% FRL); Hancock Middle School (math 48% / reading 44%, grade D+, #39 of 179 statewide, top 22%, 958 students, 100% FRL); Hancock High School (math 42% / reading 43%, grade F, #42 of 197 statewide, top 21%, 1,187 students, 100% FRL) — zoned schools average 100% FRL vs 58% district-wide (41 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 250 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 23d 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 $1k of loan paydown is wiped out by about $6k 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 $55k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 271 days — a 12% lower offer ($174k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; major 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 $173,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 271 days. Have you received any prior offers? Is the seller open to a 12% 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: 1.14% ✓
• Cap rate: 9.97%
• Cash-on-cash: 13.15%
• DSCR: 1.59
• GRM: 7.3

CMA / ARV

• ARV (median comp): $221,403
• List price: $197,500
• Delta: -10.80%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
98199 Kapalama Dr	0.19mi	2/2.0 (-1)	1,134 (-6%)	7mo	$189,900	$167	71
8924 Hamakua St	0.62mi	3/2.0	1,181 (-2%)	5mo	$109,900	$93	65
10740 Lilinoe Way	0.33mi	3/1.0	1,092 (-9%)	1mo	$179,000	$164	65
988 Kaimuki Ct	0.42mi	3/2.0	1,315 (+10%)	1mo	$189,999	$144	64
9727 Pokai St	0.57mi	3/2.0	1,255 (+5%)	8mo	$215,000	$171	59
9826 Ala Moana St	0.29mi	4/2.0 (+1)	1,361 (+13%)	1mo	$239,997	$176	58
10773 Linohau Way	0.30mi	2/1.5 (-1)	1,092 (-9%)	8mo	$187,000	$171	57
9810 Ana Hulu St	0.48mi	3/2.0	1,089 (-9%)	6mo	$167,000	$153	57
9936 Ana Hulu St	0.49mi	2/1.5 (-1)	1,116 (-7%)	2mo	$195,000	$175	56
992 Halawa Ct	0.55mi	3/2.0	1,356 (+13%)	1mo	$269,900	$199	52
10750 Linohau Way	0.39mi	3/2.0	1,378 (+15%)	7mo	$142,000	$103	52
8878 Kipapa Ct	0.70mi	3/2.0	1,288 (+7%)	5mo	$199,000	$155	51

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: 3.1%
• Equity multiple: 1.12×
• Total profit: $6,503
• Equity at exit: $29,448

10-year hold

• IRR: 12.6%
• Equity multiple: 1.99×
• Total profit: $55,000
• Equity at exit: $17,076

Cash invested: $55,300 (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: 250
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $2,242 medium
• Mortgage (P&I): −$1,036
• Tax from tax record: −$47 /mo · $564/yr
• Insurance: −$82
• HOA: −$0
• Vacancy / Maint / Mgmt: −$471
• Net cashflow: $606

Break-even live

Break-even rent $1,475

Max offer price $197,500

Occupancy floor 68%

Sensitivity live

Price	-10% $718	-5% $662	+0% $606	+5% $550	+10% $494
Rent	-10% $429	-5% $517	+0% $606	+5% $695	+10% $783
Rate	-1.0pp $705	-0.5pp $656	base $606	+0.5pp $555	+1.0pp $503

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: $49,375
• Closing costs: $5,925
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
289 Highpoint Dr Diamondhead, MS	2.0	2.5	1340	$1,700	$1.27	15d	1	0.90mi
250 Highpoint Dr Unit 250 Diamondhead, MS	2.0	2.5	1367	$2,500	$1.83	22d	1	0.94mi
250 Highpoint Dr Diamondhead, MS	2.0	2.5	1367	$2,500	$1.83	45d	1	0.94mi

Listing history 20 events

1. 2026-06-10
   days on market $197,500 Active 271 DOM
2. 2026-06-09
   days on market $197,500 Active 270 DOM
3. 2026-06-08
   days on market $197,500 Active 269 DOM
4. 2026-06-07
   pricedays on market $197,500 Active 268 DOM
5. 2026-06-05
   days on market $198,000 Active 265 DOM
6. 2026-06-03
   days on market $198,000 Active 264 DOM
7. 2026-06-02
   days on market $198,000 Active 263 DOM
8. 2026-06-01
   days on market $198,000 Active 262 DOM
9. 2026-05-31
   days on market $198,000 Active 261 DOM
10. 2026-05-30
    pricedays on market $198,000 Active 260 DOM
11. 2026-04-13
    price $198,100 419-char remark

    Show marketing remark (419 chars)

    Pristine and completely updated 3-bedroom, 2-bathroom home featuring modern upgrades throughout. The spacious kitchen offers beautiful granite countertops and all-new fixtures, creating a fresh and inviting atmosphere. Enjoy the private, lighted backyard complete with a gazebo, perfect for entertaining or relaxing in the evenings. This move-in ready home has been thoughtfully updated and is ready for its new owners.

12. 2026-04-10
    price $198,200 419-char remark

    Show marketing remark (419 chars)

    Pristine and completely updated 3-bedroom, 2-bathroom home featuring modern upgrades throughout. The spacious kitchen offers beautiful granite countertops and all-new fixtures, creating a fresh and inviting atmosphere. Enjoy the private, lighted backyard complete with a gazebo, perfect for entertaining or relaxing in the evenings. This move-in ready home has been thoughtfully updated and is ready for its new owners.

13. 2026-03-07
    price $198,300 419-char remark

    Show marketing remark (419 chars)

    Pristine and completely updated 3-bedroom, 2-bathroom home featuring modern upgrades throughout. The spacious kitchen offers beautiful granite countertops and all-new fixtures, creating a fresh and inviting atmosphere. Enjoy the private, lighted backyard complete with a gazebo, perfect for entertaining or relaxing in the evenings. This move-in ready home has been thoughtfully updated and is ready for its new owners.

14. 2026-02-20
    price $198,400 419-char remark

    Show marketing remark (419 chars)

    Pristine and completely updated 3-bedroom, 2-bathroom home featuring modern upgrades throughout. The spacious kitchen offers beautiful granite countertops and all-new fixtures, creating a fresh and inviting atmosphere. Enjoy the private, lighted backyard complete with a gazebo, perfect for entertaining or relaxing in the evenings. This move-in ready home has been thoughtfully updated and is ready for its new owners.

15. 2025-12-12
    price $198,500 419-char remark

    Show marketing remark (419 chars)

    Pristine and completely updated 3-bedroom, 2-bathroom home featuring modern upgrades throughout. The spacious kitchen offers beautiful granite countertops and all-new fixtures, creating a fresh and inviting atmosphere. Enjoy the private, lighted backyard complete with a gazebo, perfect for entertaining or relaxing in the evenings. This move-in ready home has been thoughtfully updated and is ready for its new owners.

16. 2025-10-10
    price $199,000 419-char remark

    Show marketing remark (419 chars)

    Pristine and completely updated 3-bedroom, 2-bathroom home featuring modern upgrades throughout. The spacious kitchen offers beautiful granite countertops and all-new fixtures, creating a fresh and inviting atmosphere. Enjoy the private, lighted backyard complete with a gazebo, perfect for entertaining or relaxing in the evenings. This move-in ready home has been thoughtfully updated and is ready for its new owners.

17. 2025-10-03
    price $205,000 419-char remark

    Show marketing remark (419 chars)

    Pristine and completely updated 3-bedroom, 2-bathroom home featuring modern upgrades throughout. The spacious kitchen offers beautiful granite countertops and all-new fixtures, creating a fresh and inviting atmosphere. Enjoy the private, lighted backyard complete with a gazebo, perfect for entertaining or relaxing in the evenings. This move-in ready home has been thoughtfully updated and is ready for its new owners.

18. 2025-09-26
    price $209,000 419-char remark

    Show marketing remark (419 chars)

    Pristine and completely updated 3-bedroom, 2-bathroom home featuring modern upgrades throughout. The spacious kitchen offers beautiful granite countertops and all-new fixtures, creating a fresh and inviting atmosphere. Enjoy the private, lighted backyard complete with a gazebo, perfect for entertaining or relaxing in the evenings. This move-in ready home has been thoughtfully updated and is ready for its new owners.

19. 2025-09-12
    listed $219,000 Active 419-char remark

    Show marketing remark (419 chars)

    Pristine and completely updated 3-bedroom, 2-bathroom home featuring modern upgrades throughout. The spacious kitchen offers beautiful granite countertops and all-new fixtures, creating a fresh and inviting atmosphere. Enjoy the private, lighted backyard complete with a gazebo, perfect for entertaining or relaxing in the evenings. This move-in ready home has been thoughtfully updated and is ready for its new owners.

20. 1999-10-26
    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: $564 · $47/mo
• Projected year-2 tax: $1,560 · $130/mo
• Expected delta: +$996/yr (+$83/mo · 176.4%)

ⓘ 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 6/10 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: $26,902
• − Mortgage interest: −$11,063
• − Property taxes: −$564
• − Insurance: −$988
• − Repairs & maintenance: −$2,152
• − Management: −$2,152
• − Depreciation: −$5,745
• Taxable income: $4,237
• Est. tax owed @ 24.0%: −$1,017
• After-tax cash flow: $6,255/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

-9.5% since first listed

10 events — show timeline

• 2026-04-13 Price Changed $198,100 MLSU
• 2026-04-10 Price Changed $198,200 MLSU
• 2026-03-07 Price Changed $198,300 MLSU
• 2026-02-20 Price Changed $198,400 MLSU
• 2025-12-12 Price Changed $198,500 MLSU
• 2025-10-10 Price Changed $199,000 MLSU
• 2025-10-03 Price Changed $205,000 MLSU
• 2025-09-26 Price Changed $209,000 MLSU
• 2025-09-12 Listed $219,000 MLSU
• 1999-10-26 Sold (Public Records) — Public Records

Property tax history

-4.8%/yr

Latest (2025): $564 · +0.0% YoY. Source: county tax records.