109 Stennis Ave · Ocean Springs, MS 39564

$225,000

3 bd · 2.0 ba · 1,889 sqft · SingleFamily public records · 75 Days on market

Built 1970 8,276 sqft lot $119/sqft · 23% below area Est $283k · 20% under ↓ 3% since listing

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Why this score? — see what drove the C 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 +16.5/30.0
• ARV discount +15.0/15.0
• Schools +5.3/10.0
• DSCR +5.1/10.0
• 1% rule +4.5/10.0
• Livability +4.3/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

BACK ON THE MARKET- no fault of seller or property. Buyers financing unexpectedly fell through prior to closing...Great opportunity for a new Buyer! PRICED BELOW APPRAISED VALUE! Located less than a mile from beautiful Downtown Ocean Springs, this 3 Bedroom, 1.5 bath home just over 1800 sf offers the perfect opportunity to enjoy one of the Coasts most desirable neighborhoods. Walk or bike to local restaurants ,boutique shopping, parks and top-rated Ocean Springs schools. With great bones and endless potential, this home is ready for someone to bring it back to life with their personal touch. Great price in a Prime Location. Come see Today!

Key facts

• Boutique shopping
• Local restaurants
• Prime location

Tags

• DOWNTOWN OCEAN SPRINGS
• BOUTIQUE SHOPPING
• LOCAL RESTAURANTS
• PRIME LOCATION

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $225k.

Deal economics

• At list price, monthly cash flow is $132 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $214k (5.1% below list).
• Recommended offer: $212k (6.0% below list) — sets the bar for market timing.
• Cap rate 7.0% vs local median 4.2% in Ocean Springs — 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 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.
• Market conditions: Rents rising (+1.3%/yr); 714 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 40% 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).
• This rent runs 33% of the median local income ($79k/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 $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 75 days — a 6% lower offer ($212k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $23k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• 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 $211,500 (6.0% below list)

Questions for the listing agent

1. It's been on market 75 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 1970 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 0.95% ✗
• Cap rate: 7.00%
• Cash-on-cash: 2.51%
• DSCR: 1.11
• GRM: 8.8

CMA / ARV

• ARV (median comp): $282,951
• List price: $225,000
• Delta: -20.48%
• 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
403 Brumbaugh Rd	0.23mi	3/2.0	1,800 (-5%)	11mo	$299,900	$167	72
11 Royal Dr	0.44mi	3/2.0	1,855 (-2%)	8mo	$299,900	$162	70
2704 Catherine Dr	0.47mi	3/2.0	1,844 (-2%)	5mo	$225,975	$123	70
2704 English Dr	0.45mi	3/2.0	2,084 (+10%)	0mo	$349,900	$168	61
2510 Parkwood Pl	0.70mi	3/2.0	1,842 (-2%)	3mo	$325,000	$176	61
208 Wheaton Ct	0.27mi	3/2.0	1,650 (-13%)	7mo	$339,000	$205	60
214 Simon Blvd	0.52mi	3/3.0	1,980 (+5%)	12mo	$334,900	$169	54
50 Choctaw Cir	0.49mi	4/2.5 (+1)	1,812 (-4%)	12mo	$235,500	$130	53
101 Colonial Dr	0.47mi	4/3.0 (+1)	1,780 (-6%)	8mo	$367,000	$206	53
2715 Hargrove Dr	0.59mi	3/1.5	1,697 (-10%)	6mo	$249,900	$147	49
311 Holcomb Blvd	0.56mi	4/2.0 (+1)	1,658 (-12%)	6mo	$275,000	$166	43
606 Clark Ave	0.74mi	4/2.0 (+1)	1,703 (-10%)	5mo	$399,000	$234	40

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 · 1.31% rent growth · sell at horizon

5-year hold

• IRR: -14.2%
• Equity multiple: 0.50×
• Total profit: $-31,597
• Equity at exit: $33,548

10-year hold

• IRR: -8.4%
• Equity multiple: 0.51×
• Total profit: $-30,727
• Equity at exit: $19,454

Cash invested: $63,000 (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: 714
• Price-to-rent: 8.8×

Monthly cashflow live

• Estimated rent: $2,135 high
• Mortgage (P&I): −$1,180
• Tax est. 1.5%: −$281 /mo · $3,375/yr
• Insurance: −$94
• HOA: −$0
• Vacancy / Maint / Mgmt: −$448
• Net cashflow: $132

Break-even live

Break-even rent $1,968

Max offer price $225,000

Occupancy floor 89%

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: $56,250
• Closing costs: $6,750
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
114 Watersedge Dr Ocean Springs, MS	3.0	2.0	1675	$2,650	$1.58	21d	1	0.47mi
111 Armand Oaks Ocean Springs, MS	3.0	2.5	1500	$1,800	$1.20	43d	1	0.53mi
230 Saratoga Dr Ocean Springs, MS	3.0	2.0	1450	$1,800	$1.24	43d	1	0.69mi
230 Saratoga Dr Ocean Springs, MS	3.0	2.0	1380	$1,850	$1.34	13d	1	0.69mi
237 Saratoga Dr Ocean Springs, MS	3.0	2.0	1295	$2,150	$1.66	13d	1	0.71mi
156 Lafayette Cir Ocean Springs, MS	3.0	2.0	1700	$1,800	$1.06	21d	1	0.86mi
2718 Government St Ocean Springs, MS	3.0	2.0	1516	$1,800	$1.19	43d	1	1.01mi
623 Camellia Pointe Blvd Ocean Springs, MS	2.0	2.0	1333	$2,200	$1.65	43d	1	1.06mi
4008 Breezy Hill Ln Ocean Springs, MS	4.0	3.0	1600	$3,200	$2.00	13d	1	1.10mi
1508 Government St Ocean Springs, MS	3.0	3.0	1557	$1,950	$1.25	21d	1	1.24mi

Listing history 18 events

1. 2026-06-18
   days on market $225,000 Active 75 DOM
2. 2026-06-17
   days on market $225,000 Active 74 DOM
3. 2026-06-16
   days on market $225,000 Active 73 DOM
4. 2026-06-15
   days on market $225,000 Active 72 DOM
5. 2026-06-14
   days on market $225,000 Active 70 DOM
6. 2026-06-13
   days on market $225,000 Active 69 DOM
7. 2026-06-10
   days on market $225,000 Active 67 DOM
8. 2026-06-09
   days on market $225,000 Active 66 DOM
9. 2026-06-08
   days on market $225,000 Active 65 DOM
10. 2026-06-07
    days on market $225,000 Active 64 DOM
11. 2026-06-02
    days on market $225,000 Active 59 DOM
12. 2026-06-01
    pricedays on market $225,000 Active 58 DOM
13. 2026-05-31
    days on market $239,900 Active 57 DOM
14. 2026-05-30
    days on market $239,900 Active 56 DOM
15. 2026-05-06
    status Active 647-char remark

    Show marketing remark (647 chars)

    BACK ON THE MARKET- no fault of seller or property. Buyers financing unexpectedly fell through prior to closing...Great opportunity for a new Buyer! PRICED BELOW APPRAISED VALUE! Located less than a mile from beautiful Downtown Ocean Springs, this 3 Bedroom, 1.5 bath home just over 1800 sf offers the perfect opportunity to enjoy one of the Coasts most desirable neighborhoods. Walk or bike to local restaurants ,boutique shopping, parks and top-rated Ocean Springs schools. With great bones and endless potential, this home is ready for someone to bring it back to life with their personal touch. Great price in a Prime Location. Come see Today!

16. 2026-04-17
    status Pending 647-char remark

    Show marketing remark (647 chars)

    BACK ON THE MARKET- no fault of seller or property. Buyers financing unexpectedly fell through prior to closing...Great opportunity for a new Buyer! PRICED BELOW APPRAISED VALUE! Located less than a mile from beautiful Downtown Ocean Springs, this 3 Bedroom, 1.5 bath home just over 1800 sf offers the perfect opportunity to enjoy one of the Coasts most desirable neighborhoods. Walk or bike to local restaurants ,boutique shopping, parks and top-rated Ocean Springs schools. With great bones and endless potential, this home is ready for someone to bring it back to life with their personal touch. Great price in a Prime Location. Come see Today!

17. 2026-03-31
    price $239,900 647-char remark

    Show marketing remark (647 chars)

    BACK ON THE MARKET- no fault of seller or property. Buyers financing unexpectedly fell through prior to closing...Great opportunity for a new Buyer! PRICED BELOW APPRAISED VALUE! Located less than a mile from beautiful Downtown Ocean Springs, this 3 Bedroom, 1.5 bath home just over 1800 sf offers the perfect opportunity to enjoy one of the Coasts most desirable neighborhoods. Walk or bike to local restaurants ,boutique shopping, parks and top-rated Ocean Springs schools. With great bones and endless potential, this home is ready for someone to bring it back to life with their personal touch. Great price in a Prime Location. Come see Today!

18. 2026-03-16
    listed $248,000 Active 647-char remark

    Show marketing remark (647 chars)

    BACK ON THE MARKET- no fault of seller or property. Buyers financing unexpectedly fell through prior to closing...Great opportunity for a new Buyer! PRICED BELOW APPRAISED VALUE! Located less than a mile from beautiful Downtown Ocean Springs, this 3 Bedroom, 1.5 bath home just over 1800 sf offers the perfect opportunity to enjoy one of the Coasts most desirable neighborhoods. Walk or bike to local restaurants ,boutique shopping, parks and top-rated Ocean Springs schools. With great bones and endless potential, this home is ready for someone to bring it back to life with their personal touch. Great price in a Prime Location. Come see 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 1/10 Low FEMA zone X (shaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°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: $25,623
• − Mortgage interest: −$12,603
• − Property taxes: −$3,375
• − Insurance: −$1,125
• − Repairs & maintenance: −$2,050
• − Management: −$2,050
• − Depreciation: −$6,545
• Taxable loss: −$2,126
• Est. tax savings @ 24.0%: +$510
• After-tax cash flow: $2,093/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: 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

-3.3% since first listed

4 events — show timeline

• 2026-05-06 Relisted — MLSU
• 2026-04-17 Pending — MLSU
• 2026-03-31 Price Changed $239,900 MLSU
• 2026-03-16 Listed $248,000 MLSU

Property tax history

+5.1%/yr

Latest (2025): $247 · +0.6% YoY. Source: county tax records.