343 Saint Mary Blvd · Biloxi, MS 39531

$123,000

2 bd · 1.5 ba · 910 sqft · SingleFamily public records · 128 Days on market

Built 1952 0.26 ac lot $135/sqft · 14% below area Est $158k · 22% 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 +27.8/30.0
• ARV discount +15.0/15.0
• DSCR +9.8/10.0
• 1% rule +6.9/10.0
• Schools +4.5/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming 2-bedroom/1.5-bath brick home in Biloxi featuring beautiful hardwood flooring and tile throughout. This well‑kept property sits directly across the street from an elementary school and is within walking distance to a local park—an ideal location for families or long‑term renters. The home is currently occupied by a month‑to‑month tenant and is cash‑flowing at $850 per month, offering an immediate income opportunity for investors.

Key facts

• Hardwood flooring
• Tile throughout
• Brick home

Tags

• BRICK HOME
• HARDWOOD FLOORING
• TILE THROUGHOUT
• WALKING DISTANCE TO LOCAL PARK

🏷️ Possibly a rental listed for sale. The $123,000 price doesn't fit this home's estimated sale value (~$157,885) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath single-family listed at $123k.

Deal economics

• At list price, monthly cash flow is $374 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $123k).
• Recommended offer: $108k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.9% 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: Rents flat; 201 active listings in the ZIP; 16 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 2,194 units permitted in Harrison County in 2024 (0 in 5+ unit buildings).
• This rent runs 32% of the median local income ($54k/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 $850 of loan paydown is wiped out by about $4k 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 128 days — a 12% lower offer ($108k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 18y 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 1952 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: 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 $108,240 (12.0% below list)

Questions for the listing agent

1. It's been on market 128 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1952 — 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. 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: 1.19% ✓
• Cap rate: 9.94%
• Cash-on-cash: 13.04%
• DSCR: 1.58
• GRM: 7.0

CMA / ARV

• ARV (median comp): $157,885
• List price: $123,000
• Delta: -22.09%
• 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
236 Dewey Cir	0.34mi	2/2.0	930 (+2%)	4mo	$159,000	$171	76
1625 Vine St	0.20mi	2/1.0	860 (-6%)	6mo	$187,500	$218	74
1658 Hollywood Blvd	0.24mi	2/1.0	1,017 (+12%)	1mo	$164,000	$161	66
163 Clower St	0.69mi	3/1.0 (+1)	950 (+4%)	2mo	$199,000	$209	52
288 Dewey Cir	0.51mi	2/1.0	962 (+6%)	17mo	$85,000	$88	50
1775 Vaughn St	0.45mi	3/1.0 (+1)	1,037 (+14%)	4mo	$89,900	$87	46
107 Coral Breeze Dr	0.70mi	3/1.5 (+1)	1,000 (+10%)	12mo	$264,990	$265	36
105 Coral Breeze Dr	0.70mi	3/1.5 (+1)	1,000 (+10%)	12mo	$267,990	$268	36
136 Coral Breeze Dr	0.70mi	3/1.5 (+1)	1,000 (+10%)	13mo	$269,990	$270	35
122 Coral Breeze Dr	0.70mi	3/1.5 (+1)	1,000 (+10%)	16mo	$269,990	$270	32
125 Coral Breeze Dr #29	0.70mi	3/1.5 (+1)	1,000 (+10%)	18mo	$244,990	$245	31
133 Coral Breeze Dr	0.74mi	3/1.5 (+1)	1,000 (+10%)	16mo	$264,990	$265	31

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 · 0.05% rent growth · sell at horizon

5-year hold

• IRR: -0.3%
• Equity multiple: 0.99×
• Total profit: $-342
• Equity at exit: $18,340

10-year hold

• IRR: 6.2%
• Equity multiple: 1.41×
• Total profit: $13,961
• Equity at exit: $10,635

Cash invested: $34,440 (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 39531

• Home prices YoY: -13.0%
• Rents YoY: 0.1%
• Active inventory: 201
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $1,467 high
• Mortgage (P&I): −$645
• Tax from tax record: −$88 /mo · $1,061/yr
• Insurance: −$51
• HOA: −$0
• Vacancy / Maint / Mgmt: −$308
• Net cashflow: $374

Break-even live

Break-even rent $993

Max offer price $123,000

Occupancy floor 69%

Sensitivity live

Price	-10% $444	-5% $409	+0% $374	+5% $339	+10% $305
Rent	-10% $258	-5% $316	+0% $374	+5% $432	+10% $490
Rate	-1.0pp $436	-0.5pp $406	base $374	+0.5pp $342	+1.0pp $310

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: $30,750
• Closing costs: $3,690
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1616 Gordon Ave Biloxi, MS	3.0	1.0	900	$1,425	$1.58	22d	1	0.20mi
1702 Stevens St Biloxi, MS	1.0	1.0	800	$750	$0.94	44d	1	0.52mi
1713 Stevens St Unit A Biloxi, MS	3.0	2.0	1100	$1,300	$1.18	22d	1	0.56mi
245 Mc Donnell Ave Unit E-131 Biloxi, MS	2.0	1.0	745	$995	$1.34	44d	1	0.67mi
245 Mc Donnell Ave Unit I-164 Biloxi, MS	2.0	1.0	745	$1,195	$1.60	44d	1	0.67mi
245 Mc Donnell Ave Unit G-147 Biloxi, MS	1.0	1.0	608	$1,500	$2.47	22d	1	0.67mi
1664 Beach Blvd Biloxi, MS	1.0–2.0	1.0–1.5	801	$2,100	$2.62	14d	2	0.70mi
1664 Beach Blvd Biloxi, MS	2.0	1.5	985	$2,295	$2.33	44d	1	0.71mi
245 Mc Donnell Ave Biloxi, MS	2.0	1.0	775	$1,595	$2.06	22d	1	0.72mi
122 Coral Breeze Dr Biloxi, MS	3.0	1.5	1000	$2,700	$2.70	44d	1	0.73mi
1667 Irish Hill Dr Biloxi, MS	1.0–2.0	1.0–1.5	862	$1,049	$1.22	14d	1	0.74mi
118 Coral Breeze Dr Biloxi, MS	3.0	1.5	1000	$2,800	$2.80	14d	1	0.80mi
150 Pat Harrison St Biloxi, MS	2.0	1.0	673	$1,025	$1.52	44d	1	0.84mi
1496 Beach Blvd Biloxi, MS	2.0	1.5	1100	$1,450	$1.32	14d	1	0.96mi
1910 Southern Ave Biloxi, MS	1.0–2.0	1.0–1.5	725	$1,200	$1.66	14d	2	1.17mi
330 Belvedere Dr Biloxi, MS	3.0	1.0	1000	$1,200	$1.20	14d	1	1.22mi

Listing history 28 events

1. 2026-06-18
   days on market $123,000 Active 128 DOM
2. 2026-06-17
   days on market $123,000 Active 127 DOM
3. 2026-06-16
   days on market $123,000 Active 126 DOM
4. 2026-06-15
   days on market $123,000 Active 125 DOM
5. 2026-06-14
   days on market $123,000 Active 123 DOM
6. 2026-06-13
   days on market $123,000 Active 122 DOM
7. 2026-06-09
   days on market $123,000 Active 119 DOM
8. 2026-06-08
   days on market $123,000 Active 118 DOM
9. 2026-06-07
   days on market $123,000 Active 117 DOM
10. 2026-06-05
    days on market $123,000 Active 114 DOM
11. 2026-06-03
    days on market $123,000 Active 113 DOM
12. 2026-06-02
    days on market $123,000 Active 112 DOM
13. 2026-06-01
    days on market $123,000 Active 111 DOM
14. 2026-05-31
    days on market $123,000 Active 110 DOM
15. 2026-05-30
    days on market $123,000 Active 109 DOM
16. 2026-02-10
    listed $123,000 Active 448-char remark

    Show marketing remark (448 chars)

    Charming 2-bedroom/1.5-bath brick home in Biloxi featuring beautiful hardwood flooring and tile throughout. This well‑kept property sits directly across the street from an elementary school and is within walking distance to a local park—an ideal location for families or long‑term renters. The home is currently occupied by a month‑to‑month tenant and is cash‑flowing at $850 per month, offering an immediate income opportunity for investors.

17. 2022-04-15
    soldstatus
18. 2022-04-07
    soldstatus Closed 326-char remark

    Show marketing remark (326 chars)

    Cute 2 bedroom/1.5 bath brick home in Biloxi. Tile and beautiful hardwood flooring through out. Conveniently located across the street from an elementary school and walking distance to the park. Home has been occupied by a long term tenant since 2016. HOME IS TENANT OCCUPIED. 24 HOURS NOTICE REQUIRED BEFORE SHOWING.

19. 2022-02-26
    status Pending 326-char remark

    Show marketing remark (326 chars)

    Cute 2 bedroom/1.5 bath brick home in Biloxi. Tile and beautiful hardwood flooring through out. Conveniently located across the street from an elementary school and walking distance to the park. Home has been occupied by a long term tenant since 2016. HOME IS TENANT OCCUPIED. 24 HOURS NOTICE REQUIRED BEFORE SHOWING.

20. 2022-02-21
    listed $83,900 Active 326-char remark

    Show marketing remark (326 chars)

    Cute 2 bedroom/1.5 bath brick home in Biloxi. Tile and beautiful hardwood flooring through out. Conveniently located across the street from an elementary school and walking distance to the park. Home has been occupied by a long term tenant since 2016. HOME IS TENANT OCCUPIED. 24 HOURS NOTICE REQUIRED BEFORE SHOWING.

21. 2021-10-01
    historical
22. 2016-10-11
    soldstatus
23. 2016-09-30
    soldstatus
24. 2016-08-10
    listed $59,900
25. 2013-07-01
    listed $89,900
26. 2008-10-14
    soldstatus
27. 2008-10-14
    soldstatus
28. 2008-07-03
    listed $112,900

ⓘ 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: $1,061 · $88/mo
• Projected year-2 tax: $1,061 · $88/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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 22 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: $17,604
• − Mortgage interest: −$6,890
• − Property taxes: −$1,061
• − Insurance: −$615
• − Repairs & maintenance: −$1,408
• − Management: −$1,408
• − Depreciation: −$3,578
• Taxable income: $2,644
• Est. tax owed @ 24.0%: −$634
• After-tax cash flow: $3,857/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): 18,918
• Household income: $54,218
• Rent vs Own: 61.4% rent · 38.6% own
• Severe rent burden: 1110.0

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 0.60)
• Race & ethnicity: White 60% Black 18% Two or more races 12% Hispanic / Latino 11% Asian 2%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Lithuanian 6% Slovak 2% Serbian 1%
• Foreign-born: 8% · Canada, Vietnam
• Languages at home: 89% English-only · Spanish 6% Arabic 1% 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: ▼ -28.97%
• Current HPI: 193.4018
• Rent YoY: ▬ 0.05%
• Metro: Gulfport-Biloxi, MS
• State GDP YoY: —
• F500 in state: 0

Price history

+8.9% since first listed

13 events — show timeline

• 2026-02-10 Listed $123,000 MLSU
• 2022-04-15 Sold (Public Records) — Public Records
• 2022-04-07 Sold (MLS) — MLSU
• 2022-02-26 Pending — MLSU
• 2022-02-21 Listed $83,900 MLSU
• 2021-10-01 Listing Removed — MLSU
• 2016-10-11 Sold (Public Records) — Public Records
• 2016-09-30 Sold (MLS) — MLSU
• 2016-08-10 Listed $59,900 MLSU
• 2013-07-01 Listed $89,900 MLSU
• 2008-10-14 Sold (Public Records) — Public Records
• 2008-10-14 Sold (MLS) — MLSU
• 2008-07-03 Listed $112,900 MLSU

Property tax history

+10.2%/yr

Latest (2025): $1,061 · +4.0% YoY. Source: county tax records.