9748 Limu Way · Diamondhead, MS 39525

$75,500

3 bd · 1.5 ba · 840 sqft · Manufactured public records · 162 Days on market

Built 1976 8,276 sqft lot $90/sqft · 37% below area Est $120k · 37% 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +3.9/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

1976 Mobile home on nice lot in Holiday Village - Diamondhead. 3 Bedroom 1.5 Bath. Home has a new shower/tub insert. 1 car carport space. Fixer upper, Close to the pool and park. Property has a storage shed and a lemon tree.

Key facts

• Lemon tree
• Storage shed
• 8,276 sq ft lot

Tags

• NEW SHOWER TUB INSERT
• STORAGE SHED
• LEMON TREE

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath manufactured listed at $76k.

Deal economics

• At list price, monthly cash flow is $899 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $76k).
• Recommended offer: $66k (12.0% below list) — sets the bar for market timing.
• Cap rate 20.6% 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; solid renter incomes; 248 units permitted in Hancock County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $522 of loan paydown is wiped out by about $2k 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 $21k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 162 days — a 12% lower offer ($66k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 19y ago; this cycle's ask has dropped $12k (13%) 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→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $66,440 (12.0% below list)

Questions for the listing agent

1. It's been on market 162 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 1976 — 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: 2.27% ✓
• Cap rate: 20.58%
• Cash-on-cash: 51.03%
• DSCR: 3.27
• GRM: 3.7

CMA / ARV

• ARV (median comp): $120,000
• List price: $75,500
• Delta: -37.08%
• Verdict: UNDERPRICED
• Comps: 1 within 2.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1063 Limu Way Way	0.26mi	2/1.0 (-1)	850 (+1%)	23mo	$120,000	$141	60
10620 Limu Way	0.10mi	2/1.0 (-1)	960 (+14%)	13mo	$60,000	$63	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: 48.8%
• Equity multiple: 3.13×
• Total profit: $45,004
• Equity at exit: $11,257

10-year hold

• IRR: 54.4%
• Equity multiple: 6.34×
• Total profit: $112,850
• Equity at exit: $6,528

Cash invested: $21,140 (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: 3.7×

Monthly cashflow live

• Estimated rent: $1,714 medium
• Mortgage (P&I): −$396
• Tax from tax record: −$28 /mo · $333/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$360
• Net cashflow: $899

Break-even live

Break-even rent $576

Max offer price $75,500

Occupancy floor 43%

Sensitivity live

Price	-10% $942	-5% $920	+0% $899	+5% $878	+10% $856
Rent	-10% $764	-5% $831	+0% $899	+5% $967	+10% $1,034
Rate	-1.0pp $937	-0.5pp $918	base $899	+0.5pp $879	+1.0pp $859

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: $18,875
• Closing costs: $2,265
• Reserves months: —
• Total cash needed: —

Listing history 35 events

1. 2026-06-18
   days on market $75,500 Active 162 DOM
2. 2026-06-18
   price $75,500 Active 161 DOM
3. 2026-06-17
   days on market $76,000 Active 161 DOM
4. 2026-06-16
   days on market $76,000 Active 160 DOM
5. 2026-06-15
   days on market $76,000 Active 159 DOM
6. 2026-06-14
   days on market $76,000 Active 157 DOM
7. 2026-06-13
   days on market $76,000 Active 156 DOM
8. 2026-06-10
   days on market $76,000 Active 154 DOM
9. 2026-06-09
   days on market $76,000 Active 153 DOM
10. 2026-06-08
    pricedays on market $76,000 Active 152 DOM
11. 2026-06-07
    days on market $76,500 Active 151 DOM
12. 2026-06-05
    days on market $76,500 Active 148 DOM
13. 2026-06-03
    days on market $76,500 Active 147 DOM
14. 2026-06-02
    days on market $76,500 Active 146 DOM
15. 2026-06-01
    days on market $76,500 Active 145 DOM
16. 2026-05-31
    days on market $76,500 Active 144 DOM
17. 2026-05-30
    days on market $76,500 Active 143 DOM
18. 2026-04-24
    price $78,000 224-char remark

    Show marketing remark (224 chars)

    1976 Mobile home on nice lot in Holiday Village - Diamondhead. 3 Bedroom 1.5 Bath. Home has a new shower/tub insert. 1 car carport space. Fixer upper, Close to the pool and park. Property has a storage shed and a lemon tree.

19. 2026-04-20
    price $82,000 224-char remark

    Show marketing remark (224 chars)

    1976 Mobile home on nice lot in Holiday Village - Diamondhead. 3 Bedroom 1.5 Bath. Home has a new shower/tub insert. 1 car carport space. Fixer upper, Close to the pool and park. Property has a storage shed and a lemon tree.

20. 2026-04-08
    price $83,000 224-char remark

    Show marketing remark (224 chars)

    1976 Mobile home on nice lot in Holiday Village - Diamondhead. 3 Bedroom 1.5 Bath. Home has a new shower/tub insert. 1 car carport space. Fixer upper, Close to the pool and park. Property has a storage shed and a lemon tree.

21. 2026-03-22
    price $84,000 224-char remark

    Show marketing remark (224 chars)

    1976 Mobile home on nice lot in Holiday Village - Diamondhead. 3 Bedroom 1.5 Bath. Home has a new shower/tub insert. 1 car carport space. Fixer upper, Close to the pool and park. Property has a storage shed and a lemon tree.

22. 2026-03-07
    price $85,000 224-char remark

    Show marketing remark (224 chars)

    1976 Mobile home on nice lot in Holiday Village - Diamondhead. 3 Bedroom 1.5 Bath. Home has a new shower/tub insert. 1 car carport space. Fixer upper, Close to the pool and park. Property has a storage shed and a lemon tree.

23. 2026-02-10
    price $86,000 224-char remark

    Show marketing remark (224 chars)

    1976 Mobile home on nice lot in Holiday Village - Diamondhead. 3 Bedroom 1.5 Bath. Home has a new shower/tub insert. 1 car carport space. Fixer upper, Close to the pool and park. Property has a storage shed and a lemon tree.

24. 2026-01-06
    listed $87,000 Active 224-char remark

    Show marketing remark (224 chars)

    1976 Mobile home on nice lot in Holiday Village - Diamondhead. 3 Bedroom 1.5 Bath. Home has a new shower/tub insert. 1 car carport space. Fixer upper, Close to the pool and park. Property has a storage shed and a lemon tree.

25. 2022-08-16
    soldstatus
26. 2022-08-12
    soldstatus Closed 96-char remark

    Show marketing remark (96 chars)

    Fixer upper, needs some TLC. Would make a great rental or starter home. Close to pool and park.

27. 2022-08-04
    status Pending 96-char remark

    Show marketing remark (96 chars)

    Fixer upper, needs some TLC. Would make a great rental or starter home. Close to pool and park.

28. 2022-08-04
    status Active 96-char remark

    Show marketing remark (96 chars)

    Fixer upper, needs some TLC. Would make a great rental or starter home. Close to pool and park.

29. 2022-07-23
    status Pending 96-char remark

    Show marketing remark (96 chars)

    Fixer upper, needs some TLC. Would make a great rental or starter home. Close to pool and park.

30. 2022-07-20
    listed $52,711 Active 96-char remark

    Show marketing remark (96 chars)

    Fixer upper, needs some TLC. Would make a great rental or starter home. Close to pool and park.

31. 2022-05-23
    soldstatus
32. 2007-05-01
    soldstatus
33. 2007-04-28
    soldstatus
34. 2007-04-04
    listed $45,000
35. 2003-01-17
    soldstatus

ⓘ 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: $333 · $28/mo
• Projected year-2 tax: $596 · $50/mo
• Expected delta: +$264/yr (+$22/mo · 79.3%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 22 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: $20,568
• − Mortgage interest: −$4,229
• − Property taxes: −$333
• − Insurance: −$378
• − Repairs & maintenance: −$1,645
• − Management: −$1,645
• − Depreciation: −$2,196
• Taxable income: $10,141
• Est. tax owed @ 24.0%: −$2,434
• After-tax cash flow: $8,353/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: 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

+73.3% since first listed

18 events — show timeline

• 2026-04-24 Price Changed $78,000 MLSU
• 2026-04-20 Price Changed $82,000 MLSU
• 2026-04-08 Price Changed $83,000 MLSU
• 2026-03-22 Price Changed $84,000 MLSU
• 2026-03-07 Price Changed $85,000 MLSU
• 2026-02-10 Price Changed $86,000 MLSU
• 2026-01-06 Listed $87,000 MLSU
• 2022-08-16 Sold (Public Records) — Public Records
• 2022-08-12 Sold (MLS) — MLSU
• 2022-08-04 Pending — MLSU
• 2022-08-04 Relisted — MLSU
• 2022-07-23 Pending — MLSU
• 2022-07-20 Listed $52,711 MLSU
• 2022-05-23 Sold (Public Records) — Public Records
• 2007-05-01 Sold (Public Records) — Public Records
• 2007-04-28 Sold (MLS) — MLSU
• 2007-04-04 Listed $45,000 MLSU
• 2003-01-17 Sold (Public Records) — Public Records

Property tax history

+0.2%/yr

Latest (2025): $333 · +0.0% YoY. Source: county tax records.