15283 5th St · Gulfport, MS 39503

$159,500

3 bd · 2.0 ba · 1,472 sqft · SingleFamily public records · 69 Days on market

Built 1941 8,712 sqft lot $108/sqft · 21% below area Est $220k · 28% under

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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 +26.4/30.0
• ARV discount +15.0/15.0
• DSCR +9.0/10.0
• 1% rule +5.9/10.0
• Rent growth +4.2/5.0
• Schools +4.2/10.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome home to this beautifully remodeled property, where modern updates meet exceptional functionality. Every detail has been carefully curated to offer a fresh, turnkey living experience. Updated Kitchen: A space-efficient, functional design featuring stunning new quartz countertops. Brand new cabinets optimize every inch of the kitchen area. Durable, luxury vinyl plank (LVP) flooring flows seamlessly through the home. Fresh Aesthetic: Crisp, new interior paint provides a bright and welcoming atmosphere. Thoughtful, abundant storage solutions are integrated throughout the entire house. Schedule your private tour today to experience this move-in-ready home firsthand.

Key facts

• Storage building
• Large lot
• 8,712 sq ft lot

Tags

• LARGE LOT
• STORAGE BUILDING

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $160k.

Deal economics

• At list price, monthly cash flow is $352 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $160k).
• Recommended offer: $150k (6.0% below list) — sets the bar for market timing.
• Cap rate 9.4% vs local median 4.9% in Gulfport — 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 73/100 on livability (#15 in MS) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools D, amenities F, commute F.
• Harrison County School District (rural): math 52% / reading 46% proficiency, ranked #14 of 130 in MS (top 11%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 62% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+7.0%/yr); 769 active listings in the ZIP; 21 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 48% of comp listings sitting > 30 days — soft ceiling on asking rent; 2,194 units permitted in Harrison County in 2024 (0 in 5+ unit buildings).
• This rent runs 33% of the median local income ($63k/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 $5k 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.
• At projected returns (-3.0% appreciation + 7.0% rent growth), your $45k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 69 days — a 6% lower offer ($150k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 10y ago; this cycle's ask is 78% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $72k; list at $160k implies a 122% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; built in 1941 — expect roof / HVAC / electrical / plumbing capex.
• 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 $149,930 (6.0% below list)

Questions for the listing agent

1. It's been on market 69 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1941 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. 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.
8. 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.
9. 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: 1.09% ✓
• Cap rate: 9.44%
• Cash-on-cash: 11.25%
• DSCR: 1.50
• GRM: 7.7

CMA / ARV

• ARV (median comp): $220,219
• List price: $159,500
• Delta: -27.57%
• 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
11376 Camden Court Cir	0.12mi	3/2.0	1,497 (+2%)	2mo	$219,990	$147	90
113 Fore St	0.41mi	3/2.0	1,400 (-5%)	1mo	$150,000	$107	72
106 Graham St	0.47mi	3/1.5	1,450 (-2%)	2mo	$130,000	$90	72
11377 Klein Rd	0.52mi	3/1.5	1,450 (-2%)	1mo	$170,000	$117	70
107 Estes St	0.45mi	3/2.0	1,400 (-5%)	6mo	$175,000	$125	66
103 Fore St	0.48mi	3/3.0	1,508 (+2%)	5mo	$120,000	$80	66
15176 Royal St	0.42mi	3/2.0	1,621 (+10%)	0mo	$214,900	$133	63
15694 S Parkwood Dr	0.63mi	3/2.0	1,444 (-2%)	7mo	$215,000	$149	62
11309 Klein Rd	0.54mi	3/2.0	1,643 (+12%)	0mo	$158,950	$97	55
15211 Ginger Cv	0.61mi	3/2.0	1,581 (+7%)	6mo	$189,000	$120	54
15236 Ginger Cv	0.63mi	3/2.0	1,632 (+11%)	2mo	$249,200	$153	51
15208 Cindy Cv	0.58mi	3/3.0	1,664 (+13%)	3mo	$150,000	$90	45

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 · 6.99% rent growth · sell at horizon

5-year hold

• IRR: 2.1%
• Equity multiple: 1.08×
• Total profit: $3,786
• Equity at exit: $23,782

10-year hold

• IRR: 15.1%
• Equity multiple: 2.44×
• Total profit: $64,277
• Equity at exit: $13,791

Cash invested: $44,660 (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 39503

• Home prices YoY: -21.5%
• Rents YoY: 7.0%
• Active inventory: 769
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $1,731 high
• Mortgage (P&I): −$836
• Tax from tax record: −$46 /mo · $553/yr
• Insurance: −$66
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$364
• Net cashflow: $352

Break-even live

Break-even rent $1,285

Max offer price $159,500

Occupancy floor 75%

Sensitivity live

Price	-10% $442	-5% $397	+0% $352	+5% $307	+10% $262
Rent	-10% $215	-5% $284	+0% $352	+5% $421	+10% $489
Rate	-1.0pp $433	-0.5pp $393	base $352	+0.5pp $311	+1.0pp $269

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: $39,875
• Closing costs: $4,785
• Reserves months: —
• Total cash needed: —

Rent comps 21 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
11405 Camden Court Cir Gulfport, MS	3.0	2.0	1495	$1,775	$1.19	45d	1	0.16mi
11425 Camden Court Cir Gulfport, MS	3.0	2.0	1495	$1,775	$1.19	22d	1	0.16mi
11413 Camden Court Cir Gulfport, MS	3.0	2.0	1495	$1,775	$1.19	45d	1	0.16mi
11487 Camden Court Cir Gulfport, MS	3.0	2.0	1495	$1,775	$1.19	45d	1	0.16mi
11502 Camden Court Cir Gulfport, MS	3.0	2.0	1495	$1,775	$1.19	22d	1	0.20mi
15373 Saint Charles St Gulfport, MS	3.0	1.0–3.0	1075	$1,350	$1.26	45d	2	0.37mi
11213 Dobson Rd Gulfport, MS	2.0	1.0	900	$1,200	$1.33	45d	1	0.43mi
101 Fore St Gulfport, MS	3.0	2.0	1215	$1,700	$1.40	15d	1	0.53mi
125 Clarence Dr Gulfport, MS	3.0	2.0	1300	$1,500	$1.15	15d	1	0.87mi
15251 Parkwood Dr N Gulfport, MS	3.0	2.5	1200	$1,200	$1.00	45d	1	0.97mi
11601 Oaklane Dr Gulfport, MS	3.0	2.0	1568	$1,525	$0.97	15d	1	1.08mi
10466 Steeplechase Dr Gulfport, MS	3.0	2.0	1677	$1,800	$1.07	15d	1	1.12mi
12237 Vada Dr Gulfport, MS	3.0	1.0	1350	$1,349	$1.00	15d	1	1.12mi
15235 Oneal Rd Gulfport, MS	2.0	2.0	1101	$1,200	$1.09	15d	1	1.16mi
1009 Michelle Dr Gulfport, MS	4.0	2.0	1254	$1,650	$1.32	45d	1	1.18mi
14437 Whitney Dr Gulfport, MS	2.0	1.5	1200	$1,200	$1.00	45d	1	1.18mi
10471 Three Rivers Rd Gulfport, MS	1.0–2.0	1.0–2.0	778	$1,050	$1.35	45d	1	1.19mi
10479 Cal Ln Gulfport, MS	2.0	1.5	1200	$950	$0.79	22d	1	1.19mi
16222 Saddle Dr Gulfport, MS	3.0	2.0	1680	$1,600	$0.95	22d	1	1.21mi
11200 Three Rivers Rd Gulfport, MS	3.0	2.0	1124	$1,445	$1.29	15d	1	1.27mi
11200 Three Rivers Rd Gulfport, MS	2.0	2.0	1042	$1,147	$1.10	45d	1	1.27mi

Listing history 14 events

1. 2026-06-02
   status $159,500 Pending 69 DOM
2. 2026-06-01
   days on market $159,500 Active 69 DOM
3. 2026-05-31
   days on market $159,500 Active 68 DOM
4. 2026-05-30
   days on market $159,500 Active 67 DOM
5. 2026-05-14
   status Active 677-char remark

   Show marketing remark (677 chars)

   Welcome home to this beautifully remodeled property, where modern updates meet exceptional functionality. Every detail has been carefully curated to offer a fresh, turnkey living experience. Updated Kitchen: A space-efficient, functional design featuring stunning new quartz countertops. Brand new cabinets optimize every inch of the kitchen area. Durable, luxury vinyl plank (LVP) flooring flows seamlessly through the home. Fresh Aesthetic: Crisp, new interior paint provides a bright and welcoming atmosphere. Thoughtful, abundant storage solutions are integrated throughout the entire house. Schedule your private tour today to experience this move-in-ready home firsthand.

6. 2026-05-14
   price $169,500 677-char remark

   Show marketing remark (677 chars)

   Welcome home to this beautifully remodeled property, where modern updates meet exceptional functionality. Every detail has been carefully curated to offer a fresh, turnkey living experience. Updated Kitchen: A space-efficient, functional design featuring stunning new quartz countertops. Brand new cabinets optimize every inch of the kitchen area. Durable, luxury vinyl plank (LVP) flooring flows seamlessly through the home. Fresh Aesthetic: Crisp, new interior paint provides a bright and welcoming atmosphere. Thoughtful, abundant storage solutions are integrated throughout the entire house. Schedule your private tour today to experience this move-in-ready home firsthand.

7. 2026-03-20
   historical 677-char remark

   Show marketing remark (677 chars)

   Welcome home to this beautifully remodeled property, where modern updates meet exceptional functionality. Every detail has been carefully curated to offer a fresh, turnkey living experience. Updated Kitchen: A space-efficient, functional design featuring stunning new quartz countertops. Brand new cabinets optimize every inch of the kitchen area. Durable, luxury vinyl plank (LVP) flooring flows seamlessly through the home. Fresh Aesthetic: Crisp, new interior paint provides a bright and welcoming atmosphere. Thoughtful, abundant storage solutions are integrated throughout the entire house. Schedule your private tour today to experience this move-in-ready home firsthand.

8. 2026-01-28
   listed $89,500 Active 677-char remark

   Show marketing remark (677 chars)

   Welcome home to this beautifully remodeled property, where modern updates meet exceptional functionality. Every detail has been carefully curated to offer a fresh, turnkey living experience. Updated Kitchen: A space-efficient, functional design featuring stunning new quartz countertops. Brand new cabinets optimize every inch of the kitchen area. Durable, luxury vinyl plank (LVP) flooring flows seamlessly through the home. Fresh Aesthetic: Crisp, new interior paint provides a bright and welcoming atmosphere. Thoughtful, abundant storage solutions are integrated throughout the entire house. Schedule your private tour today to experience this move-in-ready home firsthand.

9. 2025-09-29
   status Pending
10. 2025-09-29
    historical
11. 2025-09-24
    listed $74,900 Active
12. 2018-01-03
    soldstatus $72,000
13. 2017-12-27
    soldstatus
14. 2016-12-17
    listed $69,900

ⓘ 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: $553 · $46/mo
• Projected year-2 tax: $1,260 · $105/mo
• Expected delta: +$707/yr (+$59/mo · 127.7%)

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

Climate risk First Street

• 🌊 Flood 7/10 Severe FEMA zone X (unshaded) · 95% 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 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,774
• − Mortgage interest: −$8,934
• − Property taxes: −$553
• − Insurance: −$1,595
• − Repairs & maintenance: −$1,662
• − Management: −$1,662
• − Depreciation: −$4,640
• Taxable income: $1,728
• Est. tax owed @ 24.0%: −$415
• After-tax cash flow: $3,812/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: Harrison County School District
• NCES district ID: 2801770
• Math proficiency: 52% ▼ -4.00%
• Reading proficiency: 46% ▼ -4.00%
• Median HH income: $46,504
• Composite: 41.66/100
• National rank: #3419
• State rank: #14 of 130 in MS

Livability — Gulfport

• Score: 73/100
• State rank: #15
• US rank: #5010

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Gulfport, MS
• County: Harrison County · 178,171 people
• City population: 96,188
• Metro: Gulfport-Biloxi, MS
• Population (ZIP): 55,059
• Household income: $62,641
• Rent vs Own: 29.3% rent · 70.7% own
• Severe rent burden: 1686.0

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 0.58)
• Race & ethnicity: White 58% Black 27% Two or more races 9% Hispanic / Latino 6% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 1%
• Common ancestry: Lithuanian 5% Slovak 1% Portuguese 1%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 3%

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: ▼ -51.39%
• Current HPI: 187.285
• Rent YoY: ▲ 6.99%
• Metro: Gulfport-Biloxi, MS
• State GDP YoY: —
• F500 in state: 0

Price history

+142.5% since first listed

10 events — show timeline

• 2026-05-14 Relisted — MLSU
• 2026-05-14 Price Changed $169,500 MLSU
• 2026-03-20 Listing Removed — MLSU
• 2026-01-28 Listed $89,500 MLSU
• 2025-09-29 Pending — MLSU
• 2025-09-29 Listing Removed — MLSU
• 2025-09-24 Listed $74,900 MLSU
• 2018-01-03 Sold (Public Records) $72,000 Public Records
• 2017-12-27 Sold (MLS) — MLSU
• 2016-12-17 Listed $69,900 MLSU

Property tax history

-5.9%/yr

Latest (2025): $553 · +4.7% YoY. Source: county tax records.