15355 Northwood Hills Dr · Gulfport, MS 39503

$199,888

3 bd · 1.0 ba · 1,274 sqft · SingleFamily public records · 17 Days on market

Built 2000 10,018 sqft lot Est $180k · 11% over

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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 +12.5/30.0
• Rent growth +4.2/5.0
• Schools +4.2/10.0
• DSCR +3.7/10.0
• Livability +3.7/5.0
• 1% rule +3.0/10.0
• Condition / age +2.5/5.0
• ARV discount +2.4/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Do not miss out on this well cared for home featuring granite countertops, laminate wood floors and tile throughout. The high ceilings in the master bedroom make it feel extra roomy and the en-suite bathroom has a double vanity, jacuzzi tub with tile surround and a separate tile shower. And check out that covered patio in the back yard! A perfect spot for hosting a BBQ! Call to schedule your appointment and to request the virtual tour!

Key facts

• 0.23 acre lot
• 2 garage spots
• Built 2000

Property features AI

Exterior

• Parking: 2 parking spaces; 2-car garage
• Utilities: Public water; Public sewer; Electricity connected; Sewer connected; Water connected; Cable available
• Home design: Single-family residence (house); One-story
• Construction: Brick veneer and siding exterior; Slab foundation
• Exterior features: Full fencing; Shingle roof

Interior

• Kitchen: Dishwasher; Electric range; Microwave; Refrigerator
• Flooring: Laminate flooring; Tile flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating; Central air conditioning; Ceiling fans
• Interior features: Fireplace in the living room; Move-in ready condition; See remarks for additional exterior-related notes

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $-31 ($-369/yr) — negative.
• To cash-flow at today's rent, offer at most $194k (2.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $159k (20.2% below list).
• Recommended offer: $159k (20.2% below list) — sets the bar for 1% rule.
• Cap rate 6.1% vs local median 4.9% in Gulfport — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 73/100 on livability (#15 in MS) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools D, amenities F, commute F.
• 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: Rents rising fast (+7.0%/yr); 770 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 43% 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 31% of the median local income ($63k/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 $6k 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 17 days — a 2% lower offer ($197k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 4y 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

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $159,436 (20.2% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. 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?
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: 0.80% ✗
• Cap rate: 6.11%
• Cash-on-cash: -0.66%
• DSCR: 0.97
• GRM: 10.4

CMA / ARV

• ARV (on-the-fly): $179,634
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
15355 Northwood Hills Dr	0.00mi	3/2.0	1,274 (0%)	1mo	$199,888	$157	95
15303 Northwood Hills Dr	0.10mi	3/2.0	1,294 (+2%)	8mo	$150,900	$117	82
13111 Andy Dr	0.06mi	3/2.0	1,420 (+12%)	4mo	$220,000	$155	71
12433 Red Fox Dr	0.63mi	3/2.0	1,271 (-0%)	2mo	$175,000	$138	65
15333 Woody Dr	0.22mi	3/2.0	1,403 (+10%)	12mo	$184,900	$132	59
12510 Red Fox Dr	0.58mi	3/1.0	1,271 (-0%)	22mo	$178,000	$140	54
12505 Depew Rd	0.27mi	3/2.0	1,426 (+12%)	11mo	$190,000	$133	54
12461 Red Fox Dr	0.60mi	3/2.0	1,400 (+10%)	5mo	$203,500	$145	48
15116 N Parkwood Dr	0.65mi	3/2.0	1,280 (+0%)	21mo	$210,000	$164	47
14507 Oneal Rd	0.75mi	3/2.0	1,393 (+9%)	1mo	$196,000	$141	44
15114 Sagewood St	0.74mi	3/2.0	1,248 (-2%)	21mo	$150,000	$120	40
15138 Rosewood St	0.67mi	3/2.0	1,400 (+10%)	10mo	$217,999	$156	40

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 · 6.99% rent growth · sell at horizon

5-year hold

• IRR: -13.3%
• Equity multiple: 0.50×
• Total profit: $-27,723
• Equity at exit: $29,804

10-year hold

• IRR: 0.6%
• Equity multiple: 1.05×
• Total profit: $2,871
• Equity at exit: $17,283

Cash invested: $55,969 (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 39503

• Home prices YoY: -21.5%
• Rents YoY: 7.0%
• Active inventory: 770
• Price-to-rent: 10.4×

Monthly cashflow live

• Estimated rent: $1,594 high
• Mortgage (P&I): −$1,048
• Tax from tax record: −$159 /mo · $1,905/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$335
• Net cashflow: $-31

Break-even live

Break-even rent $1,633

Max offer price $194,457

Occupancy floor 97%

Sensitivity live

Price	-10% $82	-5% $26	+0% $-31	+5% $-87	+10% $-144
Rent	-10% $-157	-5% $-94	+0% $-31	+5% $32	+10% $95
Rate	-1.0pp $70	-0.5pp $20	base $-31	+0.5pp $-83	+1.0pp $-135

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: $49,972
• Closing costs: $5,997
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
15235 Oneal Rd Gulfport, MS	2.0	2.0	1101	$1,200	$1.09	15d	1	0.42mi
15251 Parkwood Dr N Gulfport, MS	3.0	2.5	1200	$1,200	$1.00	45d	1	0.52mi
15334 Oak Creek Cv Gulfport, MS	4.0	2.0	1730	$2,149	$1.24	23d	1	0.72mi
12237 Vada Dr Gulfport, MS	3.0	1.0	1350	$1,349	$1.00	15d	1	1.05mi
15373 Saint Charles St Gulfport, MS	3.0	1.0–3.0	1075	$1,350	$1.26	45d	2	1.10mi
14180 Oneal Rd Gulfport, MS	2.0	1.0	1000	$1,100	$1.10	45d	2	1.37mi
11502 Camden Court Cir Gulfport, MS	3.0	2.0	1495	$1,775	$1.19	23d	1	1.50mi

Listing history 7 events

1. 2026-04-19
   status Pending
2. 2026-04-02
   listed $199,888 Active
3. 2026-03-16
   soldstatus
4. 2022-06-21
   soldstatus
5. 2022-06-02
   soldstatus Closed 440-char remark

   Show marketing remark (440 chars)

   Do not miss out on this well cared for home featuring granite countertops, laminate wood floors and tile throughout. The high ceilings in the master bedroom make it feel extra roomy and the en-suite bathroom has a double vanity, jacuzzi tub with tile surround and a separate tile shower. And check out that covered patio in the back yard! A perfect spot for hosting a BBQ! Call to schedule your appointment and to request the virtual tour!

6. 2022-05-16
   status Pending 440-char remark

   Show marketing remark (440 chars)

   Do not miss out on this well cared for home featuring granite countertops, laminate wood floors and tile throughout. The high ceilings in the master bedroom make it feel extra roomy and the en-suite bathroom has a double vanity, jacuzzi tub with tile surround and a separate tile shower. And check out that covered patio in the back yard! A perfect spot for hosting a BBQ! Call to schedule your appointment and to request the virtual tour!

7. 2022-05-13
   listed $169,900 Active 440-char remark

   Show marketing remark (440 chars)

   Do not miss out on this well cared for home featuring granite countertops, laminate wood floors and tile throughout. The high ceilings in the master bedroom make it feel extra roomy and the en-suite bathroom has a double vanity, jacuzzi tub with tile surround and a separate tile shower. And check out that covered patio in the back yard! A perfect spot for hosting a BBQ! Call to schedule your appointment and to request the virtual tour!

ⓘ 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: $1,905 · $159/mo
• Projected year-2 tax: $1,905 · $159/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 (shaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥107°F today · 21 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: $19,132
• − Mortgage interest: −$11,197
• − Property taxes: −$1,905
• − Insurance: −$999
• − Repairs & maintenance: −$1,531
• − Management: −$1,531
• − Depreciation: −$5,815
• Taxable loss: −$3,845
• Est. tax savings @ 24.0%: +$923
• After-tax cash flow: $554/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 — Gulfport

• Score: 73/100
• State rank: #15
• US rank: #5010

Category grades

Amenities F Commute F Cost of living A+ Crime B+ Employment F Housing A+ Health & safety A+ User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Gulfport, MS
• County: Harrison County · 178,171 people
• City population: 96,188
• Metro: Gulfport-Biloxi, MS
• Population (ZIP): 55,059
• Household income: $62,641
• Rent vs Own: 29.3% rent · 70.7% own
• Severe rent burden: 1686.0

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 0.58)
• Race & ethnicity: White 58% Black 27% Two or more races 9% Hispanic / Latino 6% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 1%
• Common ancestry: Lithuanian 5% Slovak 1% Portuguese 1%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 3%

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: ▼ -51.39%
• Current HPI: 187.285
• Rent YoY: ▲ 6.99%
• Metro: Gulfport-Biloxi, MS
• State GDP YoY: —
• F500 in state: 0

Price history

+17.7% since first listed

7 events — show timeline

• 2026-04-19 Pending — MLSU
• 2026-04-02 Listed $199,888 MLSU
• 2026-03-16 Sold (Public Records) — Public Records
• 2022-06-21 Sold (Public Records) — Public Records
• 2022-06-02 Sold (MLS) — MLSU
• 2022-05-16 Pending — MLSU
• 2022-05-13 Listed $169,900 MLSU

Property tax history

+7.3%/yr

Latest (2025): $1,905 · +5.2% YoY. Source: county tax records.