414 Christi Ln · Biloxi, MS 39531

$284,990

4 bd · 1.0 ba · 1,893 sqft · SingleFamily public records · 159 Days on market

Built 1980 0.32 ac lot $151/sqft · 6% above area Est $327k · 13% under

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Why this score? — see what drove the D 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).

• ARV discount +13.3/15.0
• Cash flow +9.2/30.0
• Schools +4.5/10.0
• Livability +4.0/5.0
• DSCR +2.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

PRICE REDUCED 20K...Spacious two-story home tucked away on a private street, offering both comfort and privacy. This 4-bedroom, 3-bath residence features a convenient first-floor bedroom, new flooring in most areas, stainless steel appliances, and granite countertops. The home boasts two living areas, a breakfast nook, a formal dining room, and a cozy fireplace--perfect for everyday living and entertaining. Step outside to enjoy the screened porch with grill or relax on the deck with a fire pit overlooking the canal (property is not waterfront), which leads directly to the Back Bay of Biloxi.

Key facts

• First-floor bedroom
• New flooring
• Private street

Tags

• PRIVATE STREET
• FIRST-FLOOR BEDROOM
• NEW FLOORING
• STAINLESS STEEL APPLIANCES
• GRANITE COUNTERTOPS
• TWO LIVING AREAS

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $285k.

Deal economics

• At list price, monthly cash flow is $-281 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $235k (17.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $192k (32.7% below list).
• Recommended offer: $192k (32.7% below list) — sets the bar for 1% rule.
• Cap rate 5.4% 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.
• Zoned schools: Popps Ferry Elementary School (math 53% / reading 58%, grade C, #40 of 375 statewide, top 11%, 552 students, 100% FRL); Biloxi Junior High (math 60% / reading 43%, grade C, #27 of 179 statewide, top 16%, 881 students, 100% FRL); Biloxi High School (math 65% / reading 53%, grade C+, #7 of 197 statewide, top 3%, 1,728 students, 100% FRL) — zoned schools average 100% FRL vs 59% district-wide (40 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents flat; 201 active listings in the ZIP; 16 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; 2,194 units permitted in Harrison County in 2024 (0 in 5+ unit buildings).
• This rent runs 42% 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 $2k of loan paydown is wiped out by about $9k 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 159 days — a 12% lower offer ($251k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 14y ago; this cycle's ask has dropped $50k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $143k; list at $285k implies a 99% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• 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 $191,662 (32.7% 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. It's been on market 159 days. Have you received any prior offers? Is the seller open to a 33% concession, seller financing, or rate buy-down credit?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.67% ✗
• Cap rate: 5.39%
• Cash-on-cash: -3.23%
• DSCR: 0.86
• GRM: 12.4

CMA / ARV

• ARV (median comp): $327,071
• List price: $284,990
• Delta: -12.87%
• 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
2560 Old Bay Rd	0.11mi	3/2.0 (-1)	2,001 (+6%)	4mo	$275,000	$137	73
350 Oakridge Cir	0.35mi	3/2.0 (-1)	1,959 (+4%)	2mo	$290,000	$148	67
360 Rich Ave	0.49mi	3/1.5 (-1)	1,885 (-0%)	7mo	$219,990	$117	64
2530 Brighton Cir	0.40mi	3/2.0 (-1)	1,852 (-2%)	9mo	$159,000	$86	61
334 Carter Rd	0.47mi	3/1.5 (-1)	1,664 (-12%)	0mo	$245,000	$147	51
320 Carter Rd	0.52mi	3/2.0 (-1)	1,686 (-11%)	3mo	$259,900	$154	46
2610 Rue Palafox	0.75mi	3/2.0 (-1)	1,740 (-8%)	2mo	$268,500	$154	41
2406 Bonne Terre Blvd	0.63mi	3/2.0 (-1)	2,095 (+11%)	4mo	$295,000	$141	41
2509 Randall Dr	0.57mi	3/2.0 (-1)	1,700 (-10%)	8mo	$264,900	$156	40
2588 Rue Palafox	0.73mi	3/2.0 (-1)	2,070 (+9%)	1mo	$295,000	$143	40
2500 Orleans Rd	0.46mi	3/2.0 (-1)	1,662 (-12%)	11mo	$174,900	$105	40
2558 Rue Palafox	0.74mi	3/2.0 (-1)	1,616 (-15%)	5mo	$265,000	$164	28

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: -26.5%
• Equity multiple: 0.13×
• Total profit: $-69,687
• Equity at exit: $42,493

10-year hold

• IRR: -35.9%
• Equity multiple: -0.32×
• Total profit: $-105,428
• Equity at exit: $24,641

Cash invested: $79,797 (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: 12.4×

Monthly cashflow live

• Estimated rent: $1,917 high
• Mortgage (P&I): −$1,495
• Tax from tax record: −$115 /mo · $1,386/yr
• Insurance: −$119
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$402
• Net cashflow: $-281

Break-even live

Break-even rent $2,272

Max offer price $235,336

Occupancy floor —

Sensitivity live

Price	-10% $-120	-5% $-200	+0% $-281	+5% $-362	+10% $-442
Rent	-10% $-432	-5% $-357	+0% $-281	+5% $-205	+10% $-130
Rate	-1.0pp $-138	-0.5pp $-209	base $-281	+0.5pp $-355	+1.0pp $-430

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: $71,248
• Closing costs: $8,550
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2508 Shady Ln Biloxi, MS	3.0	2.0	1431	$2,100	$1.47	45d	1	0.31mi
2386 Merlin Cv Biloxi, MS	3.0	2.0	1500	$1,600	$1.07	15d	1	0.68mi
390 Bertucci Blvd Biloxi, MS	3.0	2.0	1358	$1,800	$1.33	45d	1	0.71mi
2387 Trafalgar Dr Biloxi, MS	3.0	2.0	1375	$1,700	$1.24	23d	1	0.74mi
2589 Santa Rosa Cv Biloxi, MS	3.0	2.0	1787	$2,500	$1.40	45d	1	0.87mi
2589 Santa Rosa Cv Biloxi, MS	3.0	2.0	1787	$2,500	$1.40	23d	1	0.87mi
2795 Eula Rd Biloxi, MS	3.0	2.5	1550	$1,800	$1.16	15d	1	0.87mi
894 Jefferson Dr Gulfport, MS	3.0	2.5	1541	$1,675	$1.09	45d	1	0.93mi
924 Jefferson Dr Gulfport, MS	3.0	2.5	1613	$1,675	$1.04	45d	1	0.93mi
910 Jefferson Dr Gulfport, MS	3.0	2.5	1613	$1,675	$1.04	45d	1	0.93mi
151 Grande View Dr Biloxi, MS	1.0–3.0	1.0–2.0	1268	$1,889	$1.49	15d	23	0.97mi
2255 Switzer Rd Gulfport, MS	1.0–3.0	1.0–2.0	1072	$1,500	$1.40	15d	12	1.05mi
2436 Beach Blvd Biloxi, MS	3.0	2.0	1260	$975	$0.77	46d	1	1.17mi
2611 Heidi LN Biloxi, MS	3.0	2.5	1550	$1,775	$1.15	23d	1	1.23mi
2610 Demaret Dr Gulfport, MS	4.0	1.5	1700	$1,995	$1.17	45d	1	1.43mi
2668 Beach Blvd Biloxi, MS	3.0	3.0	1813	$2,900	$1.60	15d	1	1.46mi

Listing history 25 events

1. 2026-06-21
   days on market $284,990 Active 159 DOM
2. 2026-06-18
   days on market $284,990 Active 156 DOM
3. 2026-06-17
   days on market $284,990 Active 155 DOM
4. 2026-06-16
   days on market $284,990 Active 154 DOM
5. 2026-06-15
   days on market $284,990 Active 153 DOM
6. 2026-06-14
   days on market $284,990 Active 151 DOM
7. 2026-06-13
   days on market $284,990 Active 150 DOM
8. 2026-06-09
   days on market $284,990 Active 147 DOM
9. 2026-06-08
   days on market $284,990 Active 146 DOM
10. 2026-06-07
    days on market $284,990 Active 145 DOM
11. 2026-06-05
    days on market $284,990 Active 142 DOM
12. 2026-06-03
    days on market $284,990 Active 141 DOM
13. 2026-06-02
    days on market $284,990 Active 140 DOM
14. 2026-06-01
    days on market $284,990 Active 139 DOM
15. 2026-05-31
    days on market $284,990 Active 138 DOM
16. 2026-05-30
    days on market $284,990 Active 137 DOM
17. 2026-04-26
    price $284,990 599-char remark

    Show marketing remark (599 chars)

    PRICE REDUCED 20K...Spacious two-story home tucked away on a private street, offering both comfort and privacy. This 4-bedroom, 3-bath residence features a convenient first-floor bedroom, new flooring in most areas, stainless steel appliances, and granite countertops. The home boasts two living areas, a breakfast nook, a formal dining room, and a cozy fireplace--perfect for everyday living and entertaining. Step outside to enjoy the screened porch with grill or relax on the deck with a fire pit overlooking the canal (property is not waterfront), which leads directly to the Back Bay of Biloxi.

18. 2026-03-10
    price $299,900 599-char remark

    Show marketing remark (599 chars)

    PRICE REDUCED 20K...Spacious two-story home tucked away on a private street, offering both comfort and privacy. This 4-bedroom, 3-bath residence features a convenient first-floor bedroom, new flooring in most areas, stainless steel appliances, and granite countertops. The home boasts two living areas, a breakfast nook, a formal dining room, and a cozy fireplace--perfect for everyday living and entertaining. Step outside to enjoy the screened porch with grill or relax on the deck with a fire pit overlooking the canal (property is not waterfront), which leads directly to the Back Bay of Biloxi.

19. 2026-02-23
    price $319,900 599-char remark

    Show marketing remark (599 chars)

    PRICE REDUCED 20K...Spacious two-story home tucked away on a private street, offering both comfort and privacy. This 4-bedroom, 3-bath residence features a convenient first-floor bedroom, new flooring in most areas, stainless steel appliances, and granite countertops. The home boasts two living areas, a breakfast nook, a formal dining room, and a cozy fireplace--perfect for everyday living and entertaining. Step outside to enjoy the screened porch with grill or relax on the deck with a fire pit overlooking the canal (property is not waterfront), which leads directly to the Back Bay of Biloxi.

20. 2026-01-13
    listed $334,900 Active 599-char remark

    Show marketing remark (599 chars)

    PRICE REDUCED 20K...Spacious two-story home tucked away on a private street, offering both comfort and privacy. This 4-bedroom, 3-bath residence features a convenient first-floor bedroom, new flooring in most areas, stainless steel appliances, and granite countertops. The home boasts two living areas, a breakfast nook, a formal dining room, and a cozy fireplace--perfect for everyday living and entertaining. Step outside to enjoy the screened porch with grill or relax on the deck with a fire pit overlooking the canal (property is not waterfront), which leads directly to the Back Bay of Biloxi.

21. 2025-06-27
    soldstatus
22. 2014-10-15
    soldstatus $143,000
23. 2013-04-01
    soldstatus 281-char remark

    Show marketing remark (281 chars)

    Home located in the heart of Biloxi with 4 bedrooms 3 baths, 2300 sqft. Kitchen over looks breakfest room & den. Formal dining & living, screed patio over looking beautiful trees in back yard and two car garage for parking. Home features new windows and updates throughout.

24. 2012-03-30
    listed $164,900 281-char remark

    Show marketing remark (281 chars)

    Home located in the heart of Biloxi with 4 bedrooms 3 baths, 2300 sqft. Kitchen over looks breakfest room & den. Formal dining & living, screed patio over looking beautiful trees in back yard and two car garage for parking. Home features new windows and updates throughout.

25. 2011-07-19
    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: $1,386 · $115/mo
• Projected year-2 tax: $2,251 · $188/mo
• Expected delta: +$866/yr (+$72/mo · 62.5%)

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

Climate risk First Street

• 🌊 Flood 7/10 Severe FEMA zone X (shaded) · 91% 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 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,999
• − Mortgage interest: −$15,964
• − Property taxes: −$1,386
• − Insurance: −$2,222
• − Repairs & maintenance: −$1,840
• − Management: −$1,840
• − Depreciation: −$8,291
• Taxable loss: −$8,543
• Est. tax savings @ 24.0%: +$2,050
• After-tax cash flow: $-1,323/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

+72.8% since first listed

9 events — show timeline

• 2026-04-26 Price Changed $284,990 MLSU
• 2026-03-10 Price Changed $299,900 MLSU
• 2026-02-23 Price Changed $319,900 MLSU
• 2026-01-13 Listed $334,900 MLSU
• 2025-06-27 Sold (Public Records) — Public Records
• 2014-10-15 Sold (Public Records) $143,000 Public Records
• 2013-04-01 Sold (MLS) — MLSU
• 2012-03-30 Listed $164,900 MLSU
• 2011-07-19 Sold (Public Records) — Public Records

Property tax history

+0.9%/yr

Latest (2025): $1,386 · +3.8% YoY. Source: county tax records.