153 Saint Peter St · Biloxi, MS 39530

$179,000

2 bd · 2.0 ba · 658 sqft · SingleFamily public records · 321 Days on market

Built 1945 0.26 ac lot $272/sqft · 52% above area Est $202k · 12% under ↓ 13% since listing

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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).

• Cash flow +13.1/30.0
• ARV discount +12.7/15.0
• Schools +4.5/10.0
• Livability +4.0/5.0
• DSCR +3.9/10.0
• 1% rule +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming Beach Cottage is full of charm and character. Situated on a large lot just a block from beach access, this home blends vintage appeal with modern touches. The cozy kitchen features a skylight and custom concrete countertops. Double French doors open into a spacious primary bedroom with an adjoining flex space—perfect for a walk-in closet, office, or sitting room. The en-suite bath includes a walk-in shower and a separate soaking tub. Located near local entertainment, restaurants, and shopping, this property is ideal as a retirement retreat, vacation getaway, or cozy family home. Home is being sold as-is. Don't miss your chance to live in a highly desirable beachside neighborhood! Buyer to verify all information.

Key facts

• Double french doors
• Adjoining flex space
• Beach access

Tags

• BEACH ACCESS
• CUSTOM CONCRETE COUNTERTOPS
• DOUBLE FRENCH DOORS
• SPACIOUS PRIMARY BEDROOM
• ADJOINING FLEX SPACE
• WALK-IN SHOWER

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $179k.

Deal economics

• At list price, monthly cash flow is $-7 ($-81/yr) — negative.
• To cash-flow at today's rent, offer at most $178k (0.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $139k (22.6% below list).
• Recommended offer: $139k (22.6% below list) — sets the bar for 1% rule.
• Cap rate 6.2% 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; 8 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 2,194 units permitted in Harrison County in 2024 (0 in 5+ unit buildings).
• This rent runs 40% of the median local income ($41k/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 $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 321 days — a 12% lower offer ($158k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts 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 1945 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: 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 $138,505 (22.6% 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 321 days. Have you received any prior offers? Is the seller open to a 23% concession, seller financing, or rate buy-down credit?
3. Built in 1945 — 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. 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: 0.77% ✗
• Cap rate: 6.25%
• Cash-on-cash: -0.16%
• DSCR: 0.99
• GRM: 10.8

CMA / ARV

• ARV (median comp): $202,469
• List price: $179,000
• Delta: -11.59%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1664 Beach Blvd #110	0.66mi	1/1.0 (-1)	618 (-6%)	13mo	$137,900	$223	39

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: -16.6%
• Equity multiple: 0.41×
• Total profit: $-29,501
• Equity at exit: $26,689

10-year hold

• IRR: -8.5%
• Equity multiple: 0.47×
• Total profit: $-26,501
• Equity at exit: $15,477

Cash invested: $50,120 (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: 10.8×

Monthly cashflow live

• Estimated rent: $1,385 high
• Mortgage (P&I): −$939
• Tax from tax record: −$88 /mo · $1,052/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$291
• Net cashflow: $-7

Break-even live

Break-even rent $1,394

Max offer price $177,800

Occupancy floor 95%

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: $44,750
• Closing costs: $5,370
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
150 Pat Harrison St Biloxi, MS	2.0	1.0	673	$1,025	$1.52	43d	1	0.11mi
1664 Beach Blvd Biloxi, MS	1.0–2.0	1.0–1.5	801	$2,100	$2.62	13d	2	0.67mi
1282 Beach Blvd #216 Biloxi, MS	1.0	1.0	700	$1,895	$2.71	13d	1	0.75mi
1282 Beach Blvd #106 Biloxi, MS	1.0	1.0	700	$2,800	$4.00	21d	1	0.75mi
1667 Irish Hill Dr Biloxi, MS	1.0–2.0	1.0–1.5	862	$1,049	$1.22	13d	1	0.84mi
245 Mc Donnell Ave Unit E-131 Biloxi, MS	2.0	1.0	745	$995	$1.34	43d	1	1.17mi
245 Mc Donnell Ave Unit G-147 Biloxi, MS	1.0	1.0	608	$1,500	$2.47	21d	1	1.17mi
245 Mc Donnell Ave Unit I-164 Biloxi, MS	2.0	1.0	745	$1,195	$1.60	43d	1	1.17mi

Listing history 24 events

1. 2026-06-18
   days on market $179,000 Active 321 DOM
2. 2026-06-17
   days on market $179,000 Active 320 DOM
3. 2026-06-16
   days on market $179,000 Active 319 DOM
4. 2026-06-15
   days on market $179,000 Active 318 DOM
5. 2026-06-14
   days on market $179,000 Active 316 DOM
6. 2026-06-13
   days on market $179,000 Active 315 DOM
7. 2026-06-09
   days on market $179,000 Active 312 DOM
8. 2026-06-08
   days on market $179,000 Active 311 DOM
9. 2026-06-07
   days on market $179,000 Active 310 DOM
10. 2026-06-05
    days on market $179,000 Active 307 DOM
11. 2026-06-03
    days on market $179,000 Active 306 DOM
12. 2026-06-02
    days on market $179,000 Active 305 DOM
13. 2026-06-01
    days on market $179,000 Active 304 DOM
14. 2026-05-31
    days on market $179,000 Active 303 DOM
15. 2026-05-30
    days on market $179,000 Active 302 DOM
16. 2026-01-30
    status Active 736-char remark

    Show marketing remark (736 chars)

    Charming Beach Cottage is full of charm and character. Situated on a large lot just a block from beach access, this home blends vintage appeal with modern touches. The cozy kitchen features a skylight and custom concrete countertops. Double French doors open into a spacious primary bedroom with an adjoining flex space—perfect for a walk-in closet, office, or sitting room. The en-suite bath includes a walk-in shower and a separate soaking tub. Located near local entertainment, restaurants, and shopping, this property is ideal as a retirement retreat, vacation getaway, or cozy family home. Home is being sold as-is. Don't miss your chance to live in a highly desirable beachside neighborhood! Buyer to verify all information.

17. 2026-01-22
    status Pending 736-char remark

    Show marketing remark (736 chars)

    Charming Beach Cottage is full of charm and character. Situated on a large lot just a block from beach access, this home blends vintage appeal with modern touches. The cozy kitchen features a skylight and custom concrete countertops. Double French doors open into a spacious primary bedroom with an adjoining flex space—perfect for a walk-in closet, office, or sitting room. The en-suite bath includes a walk-in shower and a separate soaking tub. Located near local entertainment, restaurants, and shopping, this property is ideal as a retirement retreat, vacation getaway, or cozy family home. Home is being sold as-is. Don't miss your chance to live in a highly desirable beachside neighborhood! Buyer to verify all information.

18. 2026-01-22
    status Active 736-char remark

    Show marketing remark (736 chars)

    Charming Beach Cottage is full of charm and character. Situated on a large lot just a block from beach access, this home blends vintage appeal with modern touches. The cozy kitchen features a skylight and custom concrete countertops. Double French doors open into a spacious primary bedroom with an adjoining flex space—perfect for a walk-in closet, office, or sitting room. The en-suite bath includes a walk-in shower and a separate soaking tub. Located near local entertainment, restaurants, and shopping, this property is ideal as a retirement retreat, vacation getaway, or cozy family home. Home is being sold as-is. Don't miss your chance to live in a highly desirable beachside neighborhood! Buyer to verify all information.

19. 2026-01-15
    historical 736-char remark

    Show marketing remark (736 chars)

    Charming Beach Cottage is full of charm and character. Situated on a large lot just a block from beach access, this home blends vintage appeal with modern touches. The cozy kitchen features a skylight and custom concrete countertops. Double French doors open into a spacious primary bedroom with an adjoining flex space—perfect for a walk-in closet, office, or sitting room. The en-suite bath includes a walk-in shower and a separate soaking tub. Located near local entertainment, restaurants, and shopping, this property is ideal as a retirement retreat, vacation getaway, or cozy family home. Home is being sold as-is. Don't miss your chance to live in a highly desirable beachside neighborhood! Buyer to verify all information.

20. 2025-07-17
    listed $179,000 Active 736-char remark

    Show marketing remark (736 chars)

    Charming Beach Cottage is full of charm and character. Situated on a large lot just a block from beach access, this home blends vintage appeal with modern touches. The cozy kitchen features a skylight and custom concrete countertops. Double French doors open into a spacious primary bedroom with an adjoining flex space—perfect for a walk-in closet, office, or sitting room. The en-suite bath includes a walk-in shower and a separate soaking tub. Located near local entertainment, restaurants, and shopping, this property is ideal as a retirement retreat, vacation getaway, or cozy family home. Home is being sold as-is. Don't miss your chance to live in a highly desirable beachside neighborhood! Buyer to verify all information.

21. 2025-07-15
    historical
22. 2025-06-16
    price $179,000
23. 2025-05-13
    listed $205,000 Active
24. 2013-05-31
    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: $1,052 · $88/mo
• Projected year-2 tax: $1,414 · $118/mo
• Expected delta: +$362/yr (+$30/mo · 34.4%)

ⓘ 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 ≥105°F today · 23 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: $16,621
• − Mortgage interest: −$10,027
• − Property taxes: −$1,052
• − Insurance: −$895
• − Repairs & maintenance: −$1,330
• − Management: −$1,330
• − Depreciation: −$5,207
• Taxable loss: −$3,220
• Est. tax savings @ 24.0%: +$773
• After-tax cash flow: $691/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

-12.7% since first listed

9 events — show timeline

• 2026-01-30 Relisted — MLSU
• 2026-01-22 Pending — MLSU
• 2026-01-22 Relisted — MLSU
• 2026-01-15 Listing Removed — MLSU
• 2025-07-17 Listed $179,000 MLSU
• 2025-07-15 Listing Removed — MLSU
• 2025-06-16 Price Changed $179,000 MLSU
• 2025-05-13 Listed $205,000 MLSU
• 2013-05-31 Sold (Public Records) — Public Records

Property tax history

+1.6%/yr

Latest (2025): $1,052 · +2.9% YoY. Source: county tax records.