322 Main St · Biloxi, MS 39530

$99,900

2 bd · 1.0 ba · 1,104 sqft · SingleFamily public records · 76 Days on market

Built 1930 6,534 sqft lot Est $126k · 21% 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 +4.5/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Back on the market. Charming home in the heart of Biloxi. Interior features 2 bedrooms with one and a half bath, screened in front porch, ceiling fans, window treatments, washer & dryer, wood cabinetry with stove, microwave, dishwasher and refrigerator. Exterior features driveway access from 2 streets, fenced yard, shed and awning for cars. Property being sold as is, with no repairs being made by seller.

Key facts

• Awning for cars
• Shed
• Fenced yard

Tags

• SCREENED IN FRONT PORCH
• DRIVEWAY ACCESS FROM 2 STREETS
• FENCED YARD
• WOOD CABINETRY
• SHED
• AWNING FOR CARS

Property features AI

Exterior

• Parking: Carport (2 spaces)
• Utilities: Public water; Public sewer; Cable available; Natural gas connected; Sewer connected; Water connected
• Home design: Single family residence (house); One level
• Construction: Brick veneer construction; Metal roof; Foundation: see remarks; Built (year source: public records)
• Exterior features: Back yard fencing

Interior

• Kitchen: Dishwasher; Free-standing range; Microwave; Refrigerator
• Bathrooms: 1 full bathroom; 1 half bathroom (1.5 total)
• Heating & cooling: Electric heating; Central air conditioning
• Interior features: Dishwasher; Free-standing range; Microwave; Refrigerator; Gas water heater; Washer and dryer
• Laundry & utility: Washer and dryer; Gas water heater

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $100k.

Deal economics

• At list price, monthly cash flow is $177 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $100k).
• Recommended offer: $94k (6.0% below list) — sets the bar for market timing.
• Cap rate 13.5% 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: Gorenflo Elementary School (math 42% / reading 37%, grade F, #122 of 375 statewide, top 34%, 350 students, 99% 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: 167 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); 75% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 2,194 units permitted in Harrison County in 2024 (0 in 5+ unit buildings).
• At $1,638/mo this rent would consume 48% of the median local household income ($41k/yr) (locally 329% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $691 of loan paydown is wiped out by about $3k 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 76 days — a 6% lower offer ($94k) is reasonable based on typical stale-listing flexibility.
• 2 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: flood insurance adds $427/mo; built in 1930 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); 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 $93,906 (6.0% below list)

Questions for the listing agent

1. It's been on market 76 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1930 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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.
7. 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.
8. 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: 1.64% ✓
• Cap rate: 13.55%
• Cash-on-cash: 25.91%
• DSCR: 2.15
• GRM: 5.1

CMA / ARV

• ARV (on-the-fly): $125,856
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
617 Roy St	0.18mi	2/1.0	991 (-10%)	3mo	$125,000	$126	72
252 Seal Ave	0.73mi	2/1.0	1,100 (-0%)	3mo	$130,000	$118	63
415 Dacey St	0.33mi	2/1.0	1,009 (-9%)	9mo	$90,000	$89	62
326 Strangi Ave	0.68mi	2/1.0	1,181 (+7%)	1mo	$135,000	$114	56
620 Murray St	0.26mi	3/1.5 (+1)	1,222 (+11%)	9mo	$139,900	$114	56
324 Haise St	0.13mi	3/2.0 (+1)	1,269 (+15%)	10mo	$139,900	$110	52
202 Lee St	0.50mi	2/1.0	1,008 (-9%)	13mo	$100,800	$100	52
188 Bellman St	0.48mi	3/3.0 (+1)	1,070 (-3%)	11mo	$20,000	$19	50
229 Holley St	0.59mi	2/2.0	1,222 (+11%)	1mo	$139,000	$114	50
183 Lee St	0.55mi	2/1.0	1,000 (-9%)	11mo	$149,000	$149	49
545 Esters Blvd	0.55mi	2/1.0	979 (-11%)	11mo	$110,000	$112	46
639 Howard Ave	0.62mi	2/1.5	1,200 (+9%)	10mo	$295,000	$246	46

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: -4.4%
• Equity multiple: 0.84×
• Total profit: $-4,601
• Equity at exit: $14,895

10-year hold

• IRR: 5.6%
• Equity multiple: 1.42×
• Total profit: $11,711
• Equity at exit: $8,638

Cash invested: $27,972 (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: 167
• Price-to-rent: 5.1×

Monthly cashflow live

• Estimated rent: $1,638 high
• Mortgage (P&I): −$524
• Tax est. 1.5%: −$125 /mo · $1,498/yr
• Insurance: −$42
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$344
• Net cashflow: $177

Break-even live

Break-even rent $1,414

Max offer price $99,900

Occupancy floor 84%

Sensitivity live

Price	-10% $246	-5% $212	+0% $177	+5% $143	+10% $108
Rent	-10% $48	-5% $113	+0% $177	+5% $242	+10% $307
Rate	-1.0pp $228	-0.5pp $203	base $177	+0.5pp $152	+1.0pp $125

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: $24,975
• Closing costs: $2,997
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
271 Ebony Ln Biloxi, MS	3.0	2.0	1498	$1,600	$1.07	15d	1	0.29mi
620 Murray St Biloxi, MS	3.0	1.5	1300	$1,600	$1.23	45d	1	0.30mi
270 Bohn St Biloxi, MS	2.0	1.0	1050	$1,200	$1.14	46d	1	0.51mi
962 Thelma St Biloxi, MS	3.0	2.0	1200	$1,649	$1.37	45d	1	0.64mi
902 Howard Ave Biloxi, MS	1.0	1.0	850	$1,300	$1.53	45d	1	0.64mi
309 Seal Ave Biloxi, MS	2.0	1.0	1100	$1,400	$1.27	23d	1	0.69mi
129 Fayard St Biloxi, MS	1.0	1.0	800	$1,300	$1.62	23d	1	0.72mi
133 Hopkins Blvd Biloxi, MS	2.0	1.0	800	$2,400	$3.00	45d	1	0.84mi
269 Benachi Ave Biloxi, MS	2.0	1.5	1017	$2,250	$2.21	45d	1	0.88mi
265 Benachi Ave Biloxi, MS	2.0	1.5	1015	$2,000	$1.97	45d	1	0.88mi
259 Benachi Ave Biloxi, MS	2.0	1.5	1100	$1,900	$1.73	45d	1	0.89mi
255 Benachi Ave Biloxi, MS	2.0	1.5	1008	$2,000	$1.98	45d	1	0.89mi
520 Beach Blvd Biloxi, MS	2.0	2.0	1089	$2,950	$2.71	45d	1	0.89mi
420 Richmond Dr Biloxi, MS	3.0	2.0	1020	$1,600	$1.57	45d	1	0.93mi
306 4th St Biloxi, MS	2.0	1.0	1000	$1,500	$1.50	45d	1	1.14mi
1135 Judge Sekul Ave Biloxi, MS	1.0–2.0	1.0	880	$899	$1.02	15d	3	1.18mi

Listing history 9 events

1. 2026-04-25
   status Pending
2. 2026-04-01
   price $99,900
3. 2026-03-23
   price $102,900
4. 2026-02-27
   price $104,900
5. 2026-02-27
   status Active
6. 2026-01-05
   status Pending
7. 2025-12-15
   listed $99,900 Active
8. 2012-12-28
   soldstatus
9. 2010-07-30
   soldstatus

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 8/10 Severe FEMA zone AE · 97% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 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: $19,661
• − Mortgage interest: −$5,596
• − Property taxes: −$1,498
• − Insurance: −$5,618
• − Repairs & maintenance: −$1,573
• − Management: −$1,573
• − Depreciation: −$2,906
• Taxable income: $897
• Est. tax owed @ 24.0%: −$215
• After-tax cash flow: $1,914/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

+0.0% since first listed

9 events — show timeline

• 2026-04-25 Pending — MLSU
• 2026-04-01 Price Changed $99,900 MLSU
• 2026-03-23 Price Changed $102,900 MLSU
• 2026-02-27 Price Changed $104,900 MLSU
• 2026-02-27 Relisted — MLSU
• 2026-01-05 Pending — MLSU
• 2025-12-15 Listed $99,900 MLSU
• 2012-12-28 Sold (Public Records) — Public Records
• 2010-07-30 Sold (Public Records) — Public Records