1320 37th Ave · Gulfport, MS 39501

$69,000

4 bd · 1.0 ba · 1,232 sqft · SingleFamily public records · 211 Days on market

Built 1955 Fair condition 6,969 sqft lot $56/sqft · 54% below area

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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
• ARV discount +7.5/15.0
• Rent growth +5.0/5.0
• Livability +3.7/5.0
• Schools +3.0/10.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Nestled under beautiful tress located on a corner lot in the heart of Gulfport near Milner stadium and Memorial hospital, this home has a metal roof, 3 bedrooms and 1 bathroom. Currently tenant occupied at $750 per month with terms being month to month Section 8. Lots of possibilities here at a great price point. 24 hours notice required to view.

Key facts

• Metal roof
• Near milner stadium
• Corner lot

Tags

• CORNER LOT
• METAL ROOF
• NEAR MILNER STADIUM
• NEAR MEMORIAL HOSPITAL

🏷️ Possibly a rental listed for sale. The $69,000 price doesn't fit this home's estimated sale value (~$150,942) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $69k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $728 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $69k).
• Recommended offer: $61k (12.0% below list) — sets the bar for market timing.
• Cap rate 18.9% vs local median 5.2% 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: amenities F, commute F, employment F.
• Gulfport School District (urban): math 41% / reading 42% proficiency, ranked #37 of 130 in MS (top 28%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 67% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: West Elementary School (math 24% / reading 33%, grade F, #195 of 375 statewide, top 52%, 523 students, 100% FRL); Gulfport Central Middle School (math 20% / reading 23%, grade F, #109 of 179 statewide, top 62%, 585 students, 100% FRL); Gulfport High School (math 42% / reading 36%, grade F, #54 of 197 statewide, top 28%, 1,728 students, 100% FRL) — zoned schools average 100% FRL vs 67% district-wide (33 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+10.5%/yr); 310 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals lingering (median 63d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% 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 $1,503/mo this rent would consume 52% of the median local household income ($35k/yr) (locally 21% 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 $477 of loan paydown is wiped out by about $2k 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 + 8.0% rent growth), your $19k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 211 days — a 12% lower offer ($61k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 13y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: built in 1955 — 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→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $60,720 (12.0% below list)

Questions for the listing agent

1. It's been on market 211 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Built in 1955 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 2.18% ✓
• Cap rate: 18.95%
• Cash-on-cash: 45.20%
• DSCR: 3.01
• GRM: 3.8

CMA / ARV

• ARV (median comp): $150,942
• List price: $69,000
• Delta: -54.29%
• 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
1108 37th Ave	0.19mi	3/2.0 (-1)	1,267 (+3%)	6mo	$220,000	$174	72
914 39th Ave	0.34mi	3/2.0 (-1)	1,300 (+6%)	10mo	$300,000	$231	57
3420 11th St	0.25mi	3/2.0 (-1)	1,406 (+14%)	0mo	$199,750	$142	56
1873 43rd Ave	0.51mi	3/2.0 (-1)	1,200 (-3%)	10mo	$104,900	$87	55
2001 43rd Ave	0.61mi	4/2.0	1,150 (-7%)	2mo	$74,900	$65	55
1717 Terrace Dr	0.29mi	3/1.0 (-1)	1,125 (-9%)	16mo	$90,000	$80	54
4114 Central St	0.55mi	3/2.0 (-1)	1,310 (+6%)	4mo	$354,000	$270	52
4340 Betts Cir	0.63mi	3/1.5 (-1)	1,305 (+6%)	4mo	$129,900	$100	50
1112 40th Ave	0.26mi	4/2.0	1,392 (+13%)	17mo	$89,000	$64	48
1521 42nd Ave	0.36mi	3/2.0 (-1)	1,100 (-11%)	14mo	$190,000	$173	45
3617 22nd St	0.57mi	3/1.0 (-1)	1,051 (-15%)	12mo	$74,900	$71	34
2116 31st Ave	0.72mi	3/2.0 (-1)	1,359 (+10%)	9mo	$65,000	$48	33

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 47.8%
• Equity multiple: 3.23×
• Total profit: $43,126
• Equity at exit: $10,288

10-year hold

• IRR: 55.6%
• Equity multiple: 7.91×
• Total profit: $133,444
• Equity at exit: $5,966

Cash invested: $19,320 (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 →

Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 16 active · 5 under contract
• Months of supply: 16.0 mo (6%/mo absorbed)
• Median asking: $167,000 ($136/sqft)
• Median days on market: 80 d
• This list price: 6% of active listings are priced below it
• ARV vs active asking: -10.1% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 39501

• Home prices YoY: -34.5%
• Rents YoY: 10.5%
• Active inventory: 310
• Price-to-rent: 3.8×

Monthly cashflow live

• Estimated rent: $1,503 high
• Mortgage (P&I): −$362
• Tax from tax record: −$69 /mo · $831/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$316
• Net cashflow: $728

Break-even live

Break-even rent $582

Max offer price $69,000

Occupancy floor 47%

Sensitivity live

Price	-10% $767	-5% $747	+0% $728	+5% $708	+10% $689
Rent	-10% $609	-5% $668	+0% $728	+5% $787	+10% $846
Rate	-1.0pp $762	-0.5pp $745	base $728	+0.5pp $710	+1.0pp $692

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: $17,250
• Closing costs: $2,070
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1221 42nd Ave Gulfport, MS	3.0	1.0	1000	$1,400	$1.40	93d	1	0.35mi
1106 32nd Ave Gulfport, MS	3.0	2.0	1200	$1,300	$1.08	93d	1	0.40mi
4319 Lewis St Gulfport, MS	3.0	2.0	1371	$1,649	$1.20	63d	1	0.71mi
2068 W Beach Blvd Biloxi, MS	1.0–3.0	1.0–2.0	998	$1,700	$1.70	63d	1	0.76mi
1412 Jo Ellen Cir Gulfport, MS	3.0	1.5	1275	$1,050	$0.82	63d	1	1.12mi
1206 Beach Ave Gulfport, MS	3.0	2.0	1076	$1,500	$1.39	63d	1	1.15mi

Listing history 50 events

1. 2026-08-08
   days on market $69,000 Active 211 DOM
2. 2026-08-07
   days on market $69,000 Active 210 DOM
3. 2026-08-06
   days on market $69,000 Active 209 DOM
4. 2026-08-05
   days on market $69,000 Active 208 DOM
5. 2026-08-04
   days on market $69,000 Active 207 DOM
6. 2026-08-03
   days on market $69,000 Active 206 DOM
7. 2026-07-31
   days on market $69,000 Active 203 DOM
8. 2026-07-30
   days on market $69,000 Active 202 DOM
9. 2026-07-29
   days on market $69,000 Active 201 DOM
10. 2026-07-27
    days on market $69,000 Active 199 DOM
11. 2026-07-25
    days on market $69,000 Active 197 DOM
12. 2026-07-24
    days on market $69,000 Active 196 DOM
13. 2026-07-23
    days on market $69,000 Active 195 DOM
14. 2026-07-22
    days on market $69,000 Active 194 DOM
15. 2026-07-21
    days on market $69,000 Active 193 DOM
16. 2026-07-18
    days on market $69,000 Active 190 DOM
17. 2026-07-16
    days on market $69,000 Active 188 DOM
18. 2026-07-16
    days on market $69,000 Active 187 DOM
19. 2026-07-14
    days on market $69,000 Active 186 DOM
20. 2026-07-13
    days on market $69,000 Active 185 DOM
21. 2026-07-12
    days on market $69,000 Active 184 DOM
22. 2026-07-11
    days on market $69,000 Active 183 DOM
23. 2026-07-10
    days on market $69,000 Active 182 DOM
24. 2026-07-09
    days on market $69,000 Active 181 DOM
25. 2026-07-08
    days on market $69,000 Active 180 DOM
26. 2026-07-07
    days on market $69,000 Active 179 DOM
27. 2026-07-06
    days on market $69,000 Active 178 DOM
28. 2026-07-05
    days on market $69,000 Active 177 DOM
29. 2026-07-04
    days on market $69,000 Active 176 DOM
30. 2026-07-03
    days on market $69,000 Active 175 DOM
31. 2026-07-02
    days on market $69,000 Active 174 DOM
32. 2026-07-01
    days on market $69,000 Active 173 DOM
33. 2026-06-30
    days on market $69,000 Active 172 DOM
34. 2026-06-29
    days on market $69,000 Active 171 DOM
35. 2026-06-28
    days on market $69,000 Active 170 DOM
36. 2026-06-28
    days on market $69,000 Active 169 DOM
37. 2026-06-27
    days on market $69,000 Active 168 DOM
38. 2026-06-25
    days on market $69,000 Active 166 DOM
39. 2026-06-23
    days on market $69,000 Active 164 DOM
40. 2026-06-22
    days on market $69,000 Active 163 DOM
41. 2026-06-18
    days on market $69,000 Active 160 DOM
42. 2026-06-17
    days on market $69,000 Active 159 DOM
43. 2026-06-16
    days on market $69,000 Active 158 DOM
44. 2026-06-15
    days on market $69,000 Active 157 DOM
45. 2026-06-14
    days on market $69,000 Active 155 DOM
46. 2026-06-13
    days on market $69,000 Active 154 DOM
47. 2026-06-10
    days on market $69,000 Active 152 DOM
48. 2026-06-09
    days on market $69,000 Active 151 DOM
49. 2026-06-08
    days on market $69,000 Active 150 DOM
50. 2026-06-07
    days on market $69,000 Active 149 DOM

ⓘ 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: $831 · $69/mo
• Projected year-2 tax: $831 · $69/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 69% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 23 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: $18,039
• − Mortgage interest: −$3,865
• − Property taxes: −$831
• − Insurance: −$345
• − Repairs & maintenance: −$1,443
• − Management: −$1,443
• − Depreciation: −$2,007
• Taxable income: $8,105
• Est. tax owed @ 24.0%: −$1,945
• After-tax cash flow: $6,788/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 · 4 photos

Fair 45/100 Moderate rehab Est. rehab $30,800–$55,440 screening

The home requires moderate repairs and maintenance, including a new roof and fresh paint, to improve its condition and value.

Deferred maintenance Est. $40,000–$120,000 screening

• Major Roof (roof) — The roof appears to be in poor condition with visible damage and missing shingles.
• Major Windows (windows) — The windows appear to be old and possibly in need of replacement.
• Major Electrical (electrical) — The electrical panel is visible and appears to be outdated, indicating a need for replacement.
• Major Plumbing (plumbing) — The exterior of the house shows signs of water damage, which could indicate issues with the plumbing system.

Repairs flagged

• Major roof — Signs of wear and potential leaks
• Moderate exterior siding — Visible signs of wear and discoloration
• Moderate paint — Visible signs of wear and discoloration
• Minor landscaping — Some overgrown areas

Value-add opportunities

• Both paint exterior — Fresh paint can improve curb appeal and home value ↑
• Both repair roof — A new roof can significantly increase the home's value and reduce maintenance costs ↑
• Both landscaping — A well-maintained yard can improve curb appeal and home value ↑

ⓘ Rehab cost is a screening estimate — Moderate scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 30/100

Zoned Schools

Elementary West Elementary School F MS #195/375 Nat'l #28,012/41,679 Middle Gulfport Central Middle School F MS #109/179 Nat'l #11,382/14,009 High Gulfport High School F MS #54/197 Nat'l #8,724/17,239

Schools (NCES district)

• District: Gulfport School District
• NCES district ID: 2801710
• Math proficiency: 41% ▼ -15.00%
• Reading proficiency: 42% ▼ -6.00%
• Median HH income: $35,712
• Composite: 34.38/100
• National rank: #5213
• State rank: #37 of 130 in MS

B Composite livability gradescore 73/100

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 · 228,444 people
• City population: 96,188
• Metro: Gulfport-Biloxi, MS
• Population (ZIP): 22,565
• Household income: $34,758
• Rent vs Own: 60.3% rent · 39.7% own
• Severe rent burden: 21% of renters

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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%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: Black 59% White 29% Two or more races 7% Hispanic / Latino 5%
• Hispanic origin (detail): Mexican 2%
• Common ancestry: Lithuanian 2% Serbian 1% Slovak 1%
• Foreign-born: 2% · Canada
• Languages at home: 95% English-only · Spanish 4%

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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: ▼ -110.16%
• Current HPI: 208.998
• Rent YoY: ▲ 10.49%
• Metro: Gulfport-Biloxi, MS
• State GDP YoY: —
• F500 in state: 0

Price history

+76.9% since first listed

13 events — show timeline

• 2026-01-09 Listed $69,000 MLSU
• 2025-08-06 Relisted — MLSU
• 2025-07-26 Pending — MLSU
• 2025-07-26 Listing Removed — MLSU
• 2025-07-21 Price Changed $69,000 MLSU
• 2025-07-15 Relisted — MLSU
• 2025-07-03 Listing Removed — MLSU
• 2025-01-03 Listed $79,000 MLSU
• 2024-11-05 Listing Removed — MLSU
• 2024-04-07 Price Changed $79,000 MLSU
• 2023-10-05 Listed $103,000 MLSU
• 2021-10-01 Listing Removed — MLSU
• 2013-07-31 Listed $39,000 MLSU

Property tax history

+0.6%/yr

Latest (2025): $831 · +4.5% YoY. Source: county tax records.