190 Ahern Dr · Biloxi, MS 39530

$165,000

3 bd · 2.0 ba · 1,190 sqft · SingleFamily public records · 15 Days on market

Built 1962 8,712 sqft lot Est $150k · 10% over

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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 +24.0/30.0
• DSCR +7.7/10.0
• 1% rule +6.2/10.0
• Schools +4.5/10.0
• Livability +4.0/5.0
• ARV discount +3.0/15.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

HOME AT END OF DEAD END STREET ON LARGE LOT! HAS WORKSHOP & STORAGE BUILDING FOR THE HANDYMAN! HOME COMPLETELY REDONE TO LIKE NEW AFTER KATRINA. NEW SHEETROCK, PLUMBING, WIRING, ROOF, APPLIANCES, INSIDE UTILITY ROOM- EFFECTIVE AGE- 10 YRS OLD! ESTATE SALE- SELLER WANTS TO SEE ALL OFFERS!!!

Key facts

• Tons of storage
• Spacious layout
• Brick ranch

Tags

• BRICK RANCH
• QUIET DEAD-END STREET
• SPACIOUS LAYOUT
• TONS OF STORAGE
• FULLY EQUIPPED KITCHEN
• MOVE-IN-READY OPPORTUNITY

Property features AI

Exterior

• Parking: Attached carport (1 covered space); Driveway parking; Concrete parking surfaces; Total of 3 parking spaces
• Security: Smoke detector(s)
• Utilities: Public water; Public sewer; Electricity connected; Natural gas available; Cable available; Phone available; Water and sewer connected
• Home design: Single-family house; One level; Move-in ready
• Construction: Brick veneer and HardiPlank-style siding; Architectural shingle roof; Slab foundation; Built (year source: assessor)
• Exterior features: Private yard; Back-yard fencing; Patio and porch on a slab; Shed(s); Workshop

Interior

• Kitchen: Cooktop; Microwave; Refrigerator; Breakfast bar
• Bedrooms: Primary bedroom; Additional bedrooms
• Flooring: Carpet; Hardwood; Marble
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Electric heating; Heat pump; Central air conditioning; Electric cooling; Ceiling fans for cooling
• Interior features: Ceiling fans; Crown molding; Entrance foyer; Breakfast bar; Blinds, drapes, and vinyl window coverings; Double-pane windows; Storm door(s)
• Laundry & utility: Laundry room with washer and dryer hookups; Electric dryer hookup; Washer hookup; Washer/Dryer included

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $165k.

Deal economics

• At list price, monthly cash flow is $-104 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $150k (9.1% below list).
• Meets the 1% rule at list price ($2k rent vs $165k).
• Recommended offer: $150k (9.1% below list) — sets the bar for cash-flow.
• Cap rate 8.6% vs local median 3.5% in Biloxi — 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 79/100 on livability (#6 in MS, #2,141 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: commute D+, amenities F, employment D-.
• Biloxi Public School District (urban): math 60% / reading 48% proficiency, ranked #7 of 130 in MS (top 5%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 164 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 85% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 2,194 units permitted in Harrison County in 2024 (0 in 5+ unit buildings).
• At $1,852/mo this rent would consume 54% of the median local household income ($41k/yr) (locally 329% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

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.

Negotiation context

• It's been on market 15 days — a 2% lower offer ($163k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 11y ago; this cycle's ask has dropped $10k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $75k; list at $165k implies a 120% gain — meaningful room to come down on a strong offer.

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→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $149,962 (9.1% 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. Built in 1962 — 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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.
6. 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.
7. 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: 1.12% ✓
• Cap rate: 8.64%
• Cash-on-cash: 8.38%
• DSCR: 1.37
• GRM: 7.4

CMA / ARV

• ARV (on-the-fly): $149,940
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
229 Holley St	0.14mi	2/2.0 (-1)	1,222 (+3%)	0mo	$139,000	$114	84
120 Keller Ave	0.31mi	2/2.0 (-1)	1,175 (-1%)	1mo	$294,900	$251	77
326 Strangi Ave	0.40mi	2/1.0 (-1)	1,181 (-1%)	1mo	$135,000	$114	70
208 Keller Ave	0.15mi	2/1.0 (-1)	1,284 (+8%)	4mo	$85,000	$66	67
620 Murray St	0.46mi	3/1.5	1,222 (+3%)	9mo	$139,900	$114	65
639 Howard Ave	0.50mi	2/1.5 (-1)	1,200 (+1%)	10mo	$295,000	$246	60
264 Kuhn St	0.30mi	3/1.5	1,020 (-14%)	5mo	$109,500	$107	56
194 Hoxie St	0.39mi	2/1.0 (-1)	1,090 (-8%)	4mo	$142,000	$130	55
184 Hoxie St	0.40mi	3/2.0	1,340 (+13%)	8mo	$187,500	$140	54
188 Bellman St	0.35mi	3/3.0	1,070 (-10%)	11mo	$20,000	$19	54
171 Lee St	0.26mi	2/1.0 (-1)	1,304 (+10%)	18mo	$189,900	$146	48
324 Crawford St	0.51mi	2/1.0 (-1)	1,072 (-10%)	8mo	$135,000	$126	44

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: -20.5%
• Equity multiple: 0.28×
• Total profit: $-33,066
• Equity at exit: $24,602

10-year hold

• IRR: -13.3%
• Equity multiple: 0.22×
• Total profit: $-36,137
• Equity at exit: $14,266

Cash invested: $46,200 (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 39530

• Active inventory: 164
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $1,852 high
• Mortgage (P&I): −$865
• Tax est. 1.5%: −$206 /mo · $2,475/yr
• Insurance: −$69
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$389
• Net cashflow: $-104

Break-even live

Break-even rent $1,983

Max offer price $149,962

Occupancy floor —

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: $41,250
• Closing costs: $4,950
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
420 Richmond Dr Biloxi, MS	3.0	2.0	1020	$1,600	$1.57	44d	1	0.21mi
520 Beach Blvd Biloxi, MS	2.0	2.0	1089	$2,950	$2.71	44d	1	0.34mi
271 Ebony Ln Biloxi, MS	3.0	2.0	1498	$1,600	$1.07	13d	1	0.44mi
620 Murray St Biloxi, MS	3.0	1.5	1300	$1,600	$1.23	44d	1	0.44mi
306 4th St Biloxi, MS	2.0	1.0	1000	$1,500	$1.50	44d	1	0.47mi
270 Bohn St Biloxi, MS	2.0	1.0	1050	$1,200	$1.14	44d	1	1.08mi
133 Hopkins Blvd Biloxi, MS	2.0	1.0	800	$2,400	$3.00	44d	1	1.18mi
962 Thelma St Biloxi, MS	3.0	2.0	1200	$1,649	$1.37	44d	1	1.21mi
309 Seal Ave Biloxi, MS	2.0	1.0	1100	$1,400	$1.27	21d	1	1.32mi
255 Benachi Ave Biloxi, MS	2.0	1.5	1008	$2,000	$1.98	44d	1	1.46mi
259 Benachi Ave Biloxi, MS	2.0	1.5	1100	$1,900	$1.73	44d	1	1.46mi
265 Benachi Ave Biloxi, MS	2.0	1.5	1015	$2,000	$1.97	44d	1	1.46mi
269 Benachi Ave Biloxi, MS	2.0	1.5	1017	$2,250	$2.21	44d	1	1.47mi

Listing history 13 events

1. 2026-06-09
   days on market $165,000 Active 15 DOM
2. 2026-06-08
   pricedays on market $165,000 Active 14 DOM
3. 2026-06-07
   days on market $175,000 Active 13 DOM
4. 2026-06-05
   days on market $175,000 Active 10 DOM
5. 2026-06-03
   days on market $175,000 Active 9 DOM
6. 2026-06-02
   days on market $175,000 Active 8 DOM
7. 2026-06-01
   days on market $175,000 Active 7 DOM
8. 2026-05-31
   days on market $175,000 Active 6 DOM
9. 2026-05-30
   days on market $175,000 Active 5 DOM
10. 2026-05-25
    listed $175,000 Active
11. 2015-06-01
    soldstatus $75,000
12. 2015-05-26
    soldstatus 294-char remark

    Show marketing remark (294 chars)

    HOME AT END OF DEAD END STREET ON LARGE LOT! HAS WORKSHOP & STORAGE BUILDING FOR THE HANDYMAN! HOME COMPLETELY REDONE TO LIKE NEW AFTER KATRINA. NEW SHEETROCK, PLUMBING, WIRING, ROOF, APPLIANCES, INSIDE UTILITY ROOM- EFFECTIVE AGE- 10 YRS OLD! ESTATE SALE- SELLER WANTS TO SEE ALL OFFERS!!!

13. 2015-03-02
    listed $85,000 294-char remark

    Show marketing remark (294 chars)

    HOME AT END OF DEAD END STREET ON LARGE LOT! HAS WORKSHOP & STORAGE BUILDING FOR THE HANDYMAN! HOME COMPLETELY REDONE TO LIKE NEW AFTER KATRINA. NEW SHEETROCK, PLUMBING, WIRING, ROOF, APPLIANCES, INSIDE UTILITY ROOM- EFFECTIVE AGE- 10 YRS OLD! ESTATE SALE- SELLER WANTS TO SEE ALL OFFERS!!!

ⓘ 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 7/10 Severe FEMA zone AE · 74% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥105°F today · 21 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: $22,221
• − Mortgage interest: −$9,243
• − Property taxes: −$2,475
• − Insurance: −$5,944
• − Repairs & maintenance: −$1,778
• − Management: −$1,778
• − Depreciation: −$4,800
• Taxable loss: −$3,795
• Est. tax savings @ 24.0%: +$911
• After-tax cash flow: $-336/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: Biloxi Public School District
• NCES district ID: 2800630
• Math proficiency: 60% ▼ -7.00%
• Reading proficiency: 48% ▼ -3.00%
• Median HH income: $40,608
• Composite: 45.26/100
• National rank: #2657
• State rank: #7 of 130 in MS

Livability — Biloxi

• Score: 79/100
• State rank: #6
• US rank: #2141

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Biloxi, MS
• County: Harrison County · 178,171 people
• City population: 63,281
• Metro: Gulfport-Biloxi, MS
• Population (ZIP): 7,701
• Household income: $41,117
• Rent vs Own: 45.4% rent · 54.6% own
• Severe rent burden: 329.0

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 0.66)
• Race & ethnicity: White 48% Black 28% Hispanic / Latino 15% Two or more races 5% Asian 4% Native American 3%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Lithuanian 9% Slovak 2% Italian 1%
• Foreign-born: 13% · Canada, Vietnam
• Languages at home: 82% English-only · Spanish 14% Vietnamese 2% Other Indo-European 1%

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: ▼ -108.19%
• Current HPI: 181.0603
• Rent YoY: —
• Metro: Gulfport-Biloxi, MS
• State GDP YoY: —
• F500 in state: 0

Price history

+105.9% since first listed

4 events — show timeline

• 2026-05-25 Listed $175,000 MLSU
• 2015-06-01 Sold (Public Records) $75,000 Public Records
• 2015-05-26 Sold (MLS) — MLSU
• 2015-03-02 Listed $85,000 MLSU

Property tax history

+1.5%/yr

Latest (2025): $269 · +5.7% YoY. Source: county tax records.