4476 Pierce Rd · D'Iberville, MS 39540

$119,900

3 bd · 1.0 ba · 1,536 sqft · SingleFamily public records · 118 Days on market

Built 1974 0.26 ac lot $78/sqft · 33% below area Est $189k · 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 +4.2/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Wonderful central location, NOT in a flood zone and close to everything looking for a new owner. Large lot with workshop built on rear of home,4 bedrooms and 3 full baths, two bedrooms on ground floor. This home has stainless appliances, granite countertops. covered porches and lots more. Needs some TLC and is priced to sell as is where is so call now.

Key facts

• Covered porches
• Central location
• Stainless appliances

Tags

• CENTRAL LOCATION
• LARGE LOT
• WORKSHOP
• STAINLESS APPLIANCES
• GRANITE COUNTERTOPS
• COVERED PORCHES

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $120k.

Deal economics

• At list price, monthly cash flow is $797 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $120k).
• Recommended offer: $109k (9.0% below list) — sets the bar for market timing.
• Cap rate 14.3% vs local median 5.4% in D'Iberville — 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: area grade B — affects rentability + tenant quality, not the cash-flow math above.
• Harrison County School District (rural): math 52% / reading 46% proficiency, ranked #14 of 130 in MS (top 11%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 62% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 89 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 57% 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $829 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $34k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 118 days — a 9% lower offer ($109k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 20y ago; this cycle's ask has dropped $49k (29%) 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 $109,109 (9.0% below list)

Questions for the listing agent

1. It's been on market 118 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1974 — 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: 1.62% ✓
• Cap rate: 14.27%
• Cash-on-cash: 28.48%
• DSCR: 2.27
• GRM: 5.1

CMA / ARV

• ARV (median comp): $189,264
• List price: $119,900
• Delta: -36.65%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
11119 Oakcrest Dr	0.26mi	3/2.0	1,655 (+8%)	20mo	$200,000	$121	54
881 Brentwood Dr	0.70mi	3/2.0	1,525 (-1%)	10mo	$290,000	$190	53
654 Meadow Dr	0.71mi	3/1.5	1,375 (-10%)	13mo	$165,000	$120	37
4438 Audubon Trl	0.69mi	4/2.5 (+1)	1,763 (+15%)	1mo	$490,000	$278	32

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: 22.7%
• Equity multiple: 1.93×
• Total profit: $31,294
• Equity at exit: $17,877

10-year hold

• IRR: 30.7%
• Equity multiple: 3.76×
• Total profit: $92,495
• Equity at exit: $10,367

Cash invested: $33,572 (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 39540

• Home prices YoY: -30.9%
• Active inventory: 89
• Price-to-rent: 5.1×

Monthly cashflow live

• Estimated rent: $1,945 high
• Mortgage (P&I): −$629
• Tax from tax record: −$61 /mo · $735/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$409
• Net cashflow: $797

Break-even live

Break-even rent $937

Max offer price $119,900

Occupancy floor 54%

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: $29,975
• Closing costs: $3,597
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
11136 Windsor Hill Dr Diberville, MS	3.0	2.0	1301	$1,749	$1.34	43d	1	0.18mi
4294 Popps Ferry Rd Diberville, MS	2.0	2.0	1176	$1,575	$1.34	43d	1	0.48mi
2 Sandalwood Ct Diberville, MS	3.0	2.0	1290	$1,625	$1.26	43d	1	0.58mi
678 Meadow Dr Diberville, MS	3.0	1.5	1112	$1,500	$1.35	13d	1	0.65mi
4441 Audubon Trl Biloxi, MS	3.0	2.5	1704	$3,800	$2.23	21d	1	0.65mi
876 Kirkwood Dr Biloxi, MS	4.0	3.0	2008	$2,300	$1.15	43d	1	0.74mi
329 Springdale Cir D'Iberville, MS	3.0	2.0	1176	$1,600	$1.36	43d	1	0.79mi
880 Motsie Rd Apt C109 Biloxi, MS	3.0	2.0	1140	$1,600	$1.40	43d	1	0.84mi
327 Dianne Dr Diberville, MS	4.0	2.0	1500	$1,100	$0.73	13d	1	1.02mi
608 Kimberly Dr Diberville, MS	3.0	2.0	1509	$1,575	$1.04	21d	1	1.11mi
508 Tasha Dr Diberville, MS	3.0	2.0	1890	$3,200	$1.69	43d	1	1.18mi
10480 Auto Mall Pkwy Diberville, MS	1.0–3.0	1.0–2.0	1281	$1,907	$1.49	13d	1	1.25mi
3534 Brandon James Dr Biloxi, MS	3.0	2.5	2120	$3,100	$1.46	43d	1	1.44mi
831 Cedar Lake Rd Biloxi, MS	1.0–3.0	1.0–2.0	1065	$1,699	$1.59	13d	9	1.48mi

Listing history 23 events

1. 2026-06-18
   days on market $119,900 Active 118 DOM
2. 2026-06-17
   price $119,900 Active 117 DOM
3. 2026-06-17
   days on market $139,000 Active 117 DOM
4. 2026-06-16
   days on market $139,000 Active 116 DOM
5. 2026-06-15
   days on market $139,000 Active 115 DOM
6. 2026-06-14
   days on market $139,000 Active 113 DOM
7. 2026-06-13
   status $139,000 Active 112 DOM
8. 2026-05-30
   status $139,000 Pending 112 DOM
9. 2026-04-23
   price $149,000 357-char remark

   Show marketing remark (357 chars)

   Wonderful central location, NOT in a flood zone and close to everything looking for a new owner. Large lot with workshop built on rear of home,4 bedrooms and 3 full baths, two bedrooms on ground floor. This home has stainless appliances, granite countertops. covered porches and lots more. Needs some TLC and is priced to sell as is where is so call now.

10. 2026-03-11
    price $159,000 357-char remark

    Show marketing remark (357 chars)

    Wonderful central location, NOT in a flood zone and close to everything looking for a new owner. Large lot with workshop built on rear of home,4 bedrooms and 3 full baths, two bedrooms on ground floor. This home has stainless appliances, granite countertops. covered porches and lots more. Needs some TLC and is priced to sell as is where is so call now.

11. 2026-02-06
    listed $169,000 Active 357-char remark

    Show marketing remark (357 chars)

    Wonderful central location, NOT in a flood zone and close to everything looking for a new owner. Large lot with workshop built on rear of home,4 bedrooms and 3 full baths, two bedrooms on ground floor. This home has stainless appliances, granite countertops. covered porches and lots more. Needs some TLC and is priced to sell as is where is so call now.

12. 2021-12-03
    soldstatus
13. 2021-11-10
    soldstatus Closed 463-char remark

    Show marketing remark (463 chars)

    This 4 bedroom 3 bathroom recently renovated house is asking to be filled. Bonus room located upstairs outside by the balcony. Large workshop located at the back of the home. Brand new appliances installed within the home with new tile through out the whole home. Peaceful yard with newly poured back porch. Located minutes from shopping and great restaurants near downtown D' Iberville. Has passed through home inspection. Recently fell through due to financing.

14. 2021-10-07
    historical 463-char remark

    Show marketing remark (463 chars)

    This 4 bedroom 3 bathroom recently renovated house is asking to be filled. Bonus room located upstairs outside by the balcony. Large workshop located at the back of the home. Brand new appliances installed within the home with new tile through out the whole home. Peaceful yard with newly poured back porch. Located minutes from shopping and great restaurants near downtown D' Iberville. Has passed through home inspection. Recently fell through due to financing.

15. 2021-10-01
    historical
16. 2021-04-22
    listed $199,900 463-char remark

    Show marketing remark (463 chars)

    This 4 bedroom 3 bathroom recently renovated house is asking to be filled. Bonus room located upstairs outside by the balcony. Large workshop located at the back of the home. Brand new appliances installed within the home with new tile through out the whole home. Peaceful yard with newly poured back porch. Located minutes from shopping and great restaurants near downtown D' Iberville. Has passed through home inspection. Recently fell through due to financing.

17. 2017-10-19
    soldstatus
18. 2017-09-29
    listed $47,500
19. 2017-04-10
    historical
20. 2016-10-31
    listed $69,500
21. 2016-04-05
    soldstatus
22. 2006-03-07
    soldstatus
23. 2006-02-08
    listed $73,900

ⓘ 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: $735 · $61/mo
• Projected year-2 tax: $947 · $79/mo
• Expected delta: +$213/yr (+$18/mo · 28.9%)

ⓘ 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 4/10 Moderate
• 🌡 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: $23,343
• − Mortgage interest: −$6,716
• − Property taxes: −$735
• − Insurance: −$600
• − Repairs & maintenance: −$1,867
• − Management: −$1,867
• − Depreciation: −$3,488
• Taxable income: $8,070
• Est. tax owed @ 24.0%: −$1,937
• After-tax cash flow: $7,625/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: Harrison County School District
• NCES district ID: 2801770
• Math proficiency: 52% ▼ -4.00%
• Reading proficiency: 46% ▼ -4.00%
• Median HH income: $46,504
• Composite: 41.66/100
• National rank: #3419
• State rank: #14 of 130 in MS

Livability — D'Iberville

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: D'Iberville, MS
• Population (ZIP): 13,033

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% Asian 10% Two or more races 9% Hispanic / Latino 9%
• Common ancestry: Romanian 5% Slovak 4% Lithuanian 3%
• Foreign-born: 12% · Canada, Vietnam, South Korea
• Languages at home: 85% English-only · Spanish 6% Vietnamese 6% Other Asian/Pacific 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: ▼ -83.70%
• Current HPI: 187.2895
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

+101.6% since first listed

15 events — show timeline

• 2026-04-23 Price Changed $149,000 MLSU
• 2026-03-11 Price Changed $159,000 MLSU
• 2026-02-06 Listed $169,000 MLSU
• 2021-12-03 Sold (Public Records) — Public Records
• 2021-11-10 Sold (MLS) — MLSU
• 2021-10-07 Listing Removed — MLSU
• 2021-10-01 Listing Removed — MLSU
• 2021-04-22 Listed $199,900 MLSU
• 2017-10-19 Sold (Public Records) — Public Records
• 2017-09-29 Listed $47,500 MLSU
• 2017-04-10 Listing Removed — MLSU
• 2016-10-31 Listed $69,500 MLSU
• 2016-04-05 Sold (Public Records) — Public Records
• 2006-03-07 Sold (MLS) — MLSU
• 2006-02-08 Listed $73,900 MLSU

Property tax history

-4.0%/yr

Latest (2025): $735 · +6.8% YoY. Source: county tax records.