9738 Limu Pl · Diamondhead, MS 39525

$129,900

3 bd · 2.0 ba · 1,280 sqft · Manufactured · 47 Days on market

Built 2001 Good condition 0.36 ac lot $101/sqft · 8% above area Est $120k · 8% over ↓ 13% 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Condition / age +4.0/5.0
• Schools +3.9/10.0
• ARV discount +3.8/15.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

PRICED TO SELL! This completely renovated home features extensive upgrades throughout, including a brand-new metal roof, new metal skirting and new vinyl siding for enhanced durability and curb appeal. The property also includes a newly constructed concrete driveway with covered parking. Inside, the home has been fully updated with new wall coverings, fresh interior paint, and all new flooring. The kitchen has been beautifully remodeled with new cabinetry, granite countertops, a stainless steel sink and includes a new refrigerator and range. Both bathrooms have been upgraded with new vanities, sinks, faucets and commodes. Additional improvements include new solid wood interior doors with updated hardware, new insulated exterior doors with deadbolt locksets and all new lighting and ceiling fans throughout. For year round comfort and energy efficiency, the home is equipped with three mini-split systems. Don't wait!!

Key facts

• New stove
• Metal roof
• New flooring

Tags

• METAL ROOF
• NEW FLOORING
• NEW STOVE
• NEW REFRIGERATOR
• NEW MINI-SPLIT SYSTEMS
• NEW LIGHTS

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $130k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $876 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $130k).
• Recommended offer: $126k (3.0% below list) — sets the bar for market timing.
• Cap rate 14.4% 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: schools C-, amenities F, commute 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.
• Market conditions: 246 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 21d 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 $898 of loan paydown is wiped out by about $4k 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 $36k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 47 days — a 3% lower offer ($126k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; moderate 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 $126,003 (3.0% below list)

Questions for the listing agent

1. It's been on market 47 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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.
4. 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.
5. 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: 1.73% ✓
• Cap rate: 14.38%
• Cash-on-cash: 28.89%
• DSCR: 2.29
• GRM: 4.8

CMA / ARV

• ARV (median comp): $120,000
• List price: $129,900
• Delta: 8.25%
• Verdict: FAIR
• Comps: 3 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
10771 Linohau Way	0.11mi	3/2.0	1,216 (-5%)	6mo	$95,000	$78	82
10744 Lilinoe Way	0.13mi	3/2.0	1,344 (+5%)	24mo	$84,900	$63	66
10752 Linohau Way	0.13mi	3/2.0	1,107 (-14%)	18mo	$112,500	$102	56
108100 Koloa St	0.28mi	3/2.0	1,150 (-10%)	20mo	$169,000	$147	54

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: 23.3%
• Equity multiple: 1.96×
• Total profit: $34,760
• Equity at exit: $19,369

10-year hold

• IRR: 31.2%
• Equity multiple: 3.81×
• Total profit: $102,225
• Equity at exit: $11,231

Cash invested: $36,372 (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: 246
• Price-to-rent: 4.8×

Monthly cashflow live

• Estimated rent: $2,245 medium
• Mortgage (P&I): −$681
• Tax est. 1.5%: −$162 /mo · $1,948/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$471
• Net cashflow: $876

Break-even live

Break-even rent $1,136

Max offer price $129,900

Occupancy floor 56%

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: $32,475
• Closing costs: $3,897
• 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	13d	1	0.69mi
250 Highpoint Dr Unit 250 Diamondhead, MS	2.0	2.5	1367	$2,500	$1.83	21d	1	0.70mi
250 Highpoint Dr Diamondhead, MS	2.0	2.5	1367	$2,500	$1.83	43d	1	0.70mi

Listing history 8 events

1. 2026-06-03
   status $129,900 Pending 47 DOM
2. 2026-06-02
   days on market $129,900 Active 47 DOM
3. 2026-06-01
   days on market $129,900 Active 46 DOM
4. 2026-05-31
   days on market $129,900 Active 45 DOM
5. 2026-05-30
   days on market $129,900 Active 44 DOM
6. 2026-05-17
   price $129,900 935-char remark

   Show marketing remark (935 chars)

   PRICED TO SELL! This completely renovated home features extensive upgrades throughout, including a brand-new metal roof, new metal skirting and new vinyl siding for enhanced durability and curb appeal. The property also includes a newly constructed concrete driveway with covered parking. Inside, the home has been fully updated with new wall coverings, fresh interior paint, and all new flooring. The kitchen has been beautifully remodeled with new cabinetry, granite countertops, a stainless steel sink and includes a new refrigerator and range. Both bathrooms have been upgraded with new vanities, sinks, faucets and commodes. Additional improvements include new solid wood interior doors with updated hardware, new insulated exterior doors with deadbolt locksets and all new lighting and ceiling fans throughout. For year round comfort and energy efficiency, the home is equipped with three mini-split systems. Don't wait!!

7. 2026-04-21
   price $139,900 935-char remark

   Show marketing remark (935 chars)

   PRICED TO SELL! This completely renovated home features extensive upgrades throughout, including a brand-new metal roof, new metal skirting and new vinyl siding for enhanced durability and curb appeal. The property also includes a newly constructed concrete driveway with covered parking. Inside, the home has been fully updated with new wall coverings, fresh interior paint, and all new flooring. The kitchen has been beautifully remodeled with new cabinetry, granite countertops, a stainless steel sink and includes a new refrigerator and range. Both bathrooms have been upgraded with new vanities, sinks, faucets and commodes. Additional improvements include new solid wood interior doors with updated hardware, new insulated exterior doors with deadbolt locksets and all new lighting and ceiling fans throughout. For year round comfort and energy efficiency, the home is equipped with three mini-split systems. Don't wait!!

8. 2026-04-16
   listed $148,800 Active 935-char remark

   Show marketing remark (935 chars)

   PRICED TO SELL! This completely renovated home features extensive upgrades throughout, including a brand-new metal roof, new metal skirting and new vinyl siding for enhanced durability and curb appeal. The property also includes a newly constructed concrete driveway with covered parking. Inside, the home has been fully updated with new wall coverings, fresh interior paint, and all new flooring. The kitchen has been beautifully remodeled with new cabinetry, granite countertops, a stainless steel sink and includes a new refrigerator and range. Both bathrooms have been upgraded with new vanities, sinks, faucets and commodes. Additional improvements include new solid wood interior doors with updated hardware, new insulated exterior doors with deadbolt locksets and all new lighting and ceiling fans throughout. For year round comfort and energy efficiency, the home is equipped with three mini-split systems. Don't wait!!

ⓘ 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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 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: $26,938
• − Mortgage interest: −$7,276
• − Property taxes: −$1,948
• − Insurance: −$650
• − Repairs & maintenance: −$2,155
• − Management: −$2,155
• − Depreciation: −$3,779
• Taxable income: $8,975
• Est. tax owed @ 24.0%: −$2,154
• After-tax cash flow: $8,355/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 · 6 photos

Good 80/100 Cosmetic rehab

This completely renovated home features extensive upgrades throughout, including a new metal roof, new vinyl siding, and new flooring. The kitchen and bathrooms have been beautifully remodeled with new cabinetry and appliances. The home is move-in ready and priced to sell.

Value-add opportunities

• Both Landscaping and curb appeal improvements — Enhances the home's aesthetic and appeal to potential buyers/renters.
• Both Painting exterior trim and shutters — Improves curb appeal and can add value to the home.
• Both Upgrading the front door — A new front door can significantly enhance the home's curb appeal and security.

Renovation cost estimate screening

Value-add ROI direction

• Both Landscaping and curb appeal improvements — Enhances the home's aesthetic and appeal to potential buyers/renters. ↑
• Both Painting exterior trim and shutters — Improves curb appeal and can add value to the home. ↑
• Both Upgrading the front door — A new front door can significantly enhance the home's curb appeal and security. ↑

ⓘ 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: 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

-12.7% since first listed

3 events — show timeline

• 2026-05-17 Price Changed $129,900 MLSU
• 2026-04-21 Price Changed $139,900 MLSU
• 2026-04-16 Listed $148,800 MLSU