4307 Yosemite Dr · Ocean Springs, MS 39564

$174,900

3 bd · 2.0 ba · 1,278 sqft · SingleFamily public records · 17 Days on market

Built 1973 8,276 sqft lot Est $212k · 18% under

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Why this score? — see what drove the C+ 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 +21.5/30.0
• ARV discount +15.0/15.0
• DSCR +6.9/10.0
• Schools +5.3/10.0
• 1% rule +5.2/10.0
• Livability +4.3/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Affordable and adorable! This all brick home sits in the established Parktown East subdivision of Ocean Springs and needs minimal touchups to make your own. With three bedrooms and a functional layout that includes dining, living, and enclosed back patio/game room- see how this home is ideal for first time homeowners, rental enthusiasts, and those seeking affordable options with a home that requires no flood insurance. The home has back patio access from the master bedroom, covered front porch, and a small courtyard like area with access just off the dining room. Home features a two year old HVAC and a well maintained roof- leaving your costs dedicated to personal touches! Schedule your tou

Key facts

• Covered front porch
• Small courtyard area
• Brick home

Tags

• BRICK HOME
• ENCLOSED BACK PATIO
• COVERED FRONT PORCH
• SMALL COURTYARD AREA
• BACK PATIO ACCESS

Property features AI

Finance

• HOA & community: Playground; Sports fields

Exterior

• Parking: Garage (1 space)
• Utilities: Public water; Public sewer; Electricity connected; Natural gas connected
• Home design: Single family residence (house); One level
• Construction: Brick construction; Slab foundation; Architectural shingle roof; Built (year source: public records)
• Exterior features: Enclosed patio/porch; Shed(s)

Interior

• Kitchen: Dishwasher; Oven; Refrigerator
• Flooring: Tile
• Bathrooms: 1 full bathroom; Total bathrooms: 2 (1.75 recorded)
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Dishwasher; Oven; Refrigerator; Tile flooring

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $175k.

Deal economics

• At list price, monthly cash flow is $262 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $175k).
• Recommended offer: $172k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.1% vs local median 4.2% in Ocean Springs — 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 86/100 on livability (#2 in MS, #420 nationally) — a professional / high-income tenant draw. Strengths: crime A+, amenities A+, cost of living A+; Watch: commute F.
• Ocean Springs School District (suburban): math 64% / reading 59% proficiency, ranked #1 of 130 in MS (top 1%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising (+1.3%/yr); 714 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 516 units permitted in Jackson County in 2024 (6 in 5+ unit buildings).

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.

Negotiation context

• It's been on market 17 days — a 2% lower offer ($172k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y 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; major wildfire risk; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $172,276 (1.5% below list)

Questions for the listing agent

1. Built in 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
4. 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.
5. 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.
6. 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: 1.02% ✓
• Cap rate: 8.09%
• Cash-on-cash: 6.42%
• DSCR: 1.29
• GRM: 8.1

CMA / ARV

• ARV (on-the-fly): $212,148
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4213 Yosemite Dr	0.10mi	3/1.5	1,247 (-2%)	8mo	$175,000	$140	83
1317 Chalmette Ave	0.27mi	3/2.0	1,300 (+2%)	9mo	$180,000	$138	77
103 Grand Teton Dr	0.25mi	4/1.2 (+1)	1,235 (-3%)	0mo	$199,900	$162	74
115 Yellowstone Cir	0.31mi	3/2.0	1,291 (+1%)	16mo	$214,500	$166	70
120 Yellowstone Cir	0.30mi	3/1.5	1,200 (-6%)	8mo	$199,800	$167	67
207 April Ln	0.59mi	3/2.0	1,275 (-0%)	6mo	$239,000	$187	67
105 Gettysburg Cir	0.36mi	3/1.5	1,330 (+4%)	13mo	$167,500	$126	64
8813 Stonewall St	0.54mi	3/2.0	1,300 (+2%)	11mo	$179,990	$138	63
1310 Deana Rd	0.61mi	3/2.0	1,273 (-0%)	12mo	$219,000	$172	60
8708 Old Ccc Camp Rd	0.30mi	3/2.0	1,089 (-15%)	2mo	$92,000	$84	60
414 Woodward Dr	0.50mi	3/2.0	1,212 (-5%)	11mo	$217,000	$179	59
4110 Groveland Rd	0.38mi	3/2.0	1,141 (-11%)	9mo	$189,500	$166	57

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 · 1.31% rent growth · sell at horizon

5-year hold

• IRR: -8.3%
• Equity multiple: 0.70×
• Total profit: $-14,649
• Equity at exit: $26,078

10-year hold

• IRR: -1.0%
• Equity multiple: 0.94×
• Total profit: $-3,172
• Equity at exit: $15,122

Cash invested: $48,972 (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 39564

• Home prices YoY: -26.8%
• Rents YoY: 1.3%
• Active inventory: 714
• Price-to-rent: 8.1×

Monthly cashflow live

• Estimated rent: $1,792 high
• Mortgage (P&I): −$917
• Tax from tax record: −$164 /mo · $1,965/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$376
• Net cashflow: $262

Break-even live

Break-even rent $1,461

Max offer price $174,900

Occupancy floor 80%

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: $43,725
• Closing costs: $5,247
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
132 Gettysburg Cir Ocean Springs, MS	4.0	3.0	1689	$2,195	$1.30	21d	1	0.39mi
3910 Yosemite Dr Ocean Springs, MS	3.0	2.0	1070	$1,595	$1.49	44d	1	0.51mi
1200 Deana Rd Ocean Springs, MS	2.0	2.0	1063	$1,296	$1.22	21d	1	0.58mi
1200 Deana Rd Ocean Springs, MS	2.0	2.0	1063	$1,337	$1.26	44d	1	0.58mi
1200 Deana Rd Ocean Springs, MS	2.0	2.0	1063	$1,405	$1.32	13d	1	0.58mi
4730 Gibson Rd Ocean Springs, MS	2.0	1.0	1010	$1,205	$1.19	21d	1	0.64mi
3825 Timberlake Dr Ocean Springs, MS	3.0	2.0	1640	$2,200	$1.34	21d	1	0.78mi
3500 Groveland Rd Ocean Springs, MS	2.0–3.0	2.0	1173	$1,750	$1.49	13d	1	1.27mi
1221 King Henry Dr Ocean Springs, MS	3.0	2.0	1599	$1,800	$1.13	44d	1	1.43mi

Listing history 12 events

1. 2026-06-18
   days on market $174,900 Active 17 DOM
2. 2026-06-17
   days on market $174,900 Active 16 DOM
3. 2026-06-16
   days on market $174,900 Active 15 DOM
4. 2026-06-15
   status $174,900 Active 14 DOM
5. 2026-06-07
   statusdays on market $174,900 Pending 14 DOM
6. 2026-06-02
   days on market $174,900 Active 11 DOM
7. 2026-06-01
   days on market $174,900 Active 10 DOM
8. 2026-05-31
   days on market $174,900 Active 9 DOM
9. 2026-05-30
   pricedays on market $174,900 Active 8 DOM
10. 2026-05-22
    listed $179,900 Active
11. 2024-10-16
    historical $1,600
12. 2024-09-24
    listed $1,600

ⓘ 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: $1,965 · $164/mo
• Projected year-2 tax: $1,965 · $164/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 (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 6/10 Major
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°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: $21,508
• − Mortgage interest: −$9,797
• − Property taxes: −$1,965
• − Insurance: −$874
• − Repairs & maintenance: −$1,721
• − Management: −$1,721
• − Depreciation: −$5,088
• Taxable income: $343
• Est. tax owed @ 24.0%: −$82
• After-tax cash flow: $3,064/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: Ocean Springs School District
• NCES district ID: 2803360
• Math proficiency: 64% ▼ -3.00%
• Reading proficiency: 59% ▲ 1.00%
• Median HH income: $60,485
• Composite: 53.35/100
• National rank: #1477
• State rank: #1 of 130 in MS

Livability — Ocean Springs

• Score: 86/100
• State rank: #2
• US rank: #420

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Ocean Springs, MS
• County: Jackson County · 82,196 people
• City population: 43,240
• Metro: Gulfport-Biloxi, MS
• Population (ZIP): 43,240
• Household income: $78,596
• Rent vs Own: 27.8% rent · 72.2% own
• Severe rent burden: 734.0

Population outlook (Jackson County) Hauer SSP2

• Today (2025): 146,926 people
• By 2030: 148,442 · +1.0%
• By 2040: 149,631 · +1.8%
• By 2050: 148,723 · +1.2%
• By 2075: 147,845 · +0.6%
• By 2100: 144,510 · -1.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (74%)
• Race & ethnicity: White 74% Black 10% Hispanic / Latino 8% Two or more races 7% Asian 4%
• Hispanic origin (detail): Mexican 3% Puerto Rican 2%
• Common ancestry: Lithuanian 5% Slovak 4% Romanian 2%
• Foreign-born: 5% · Canada, South Korea, Vietnam
• Languages at home: 93% English-only · Spanish 3% Vietnamese 2% Tagalog/Filipino 1%

Political lean MEDSL · Jackson

• 2024 margin: Solid R (+39.9) · D 29.5% · R 69.4% · Other 1.1%
• 2008→2024 swing: -6.4pp toward R · 2008: -33.5pp · 2024: -39.9pp
• All cycles: 2024: R+39.9 2020: R+34.6 2016: R+39.9 2012: R+36.1 2008: R+33.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -74.77%
• Current HPI: 204.2244
• Rent YoY: ▲ 1.31%
• Metro: Gulfport-Biloxi, MS
• State GDP YoY: —
• F500 in state: 0

Price history

+11143.8% since first listed

3 events — show timeline

• 2026-05-22 Listed $179,900 MLSU
• 2024-10-16 Rental Removed $1,600 MLSU
• 2024-09-24 Listed for Rent $1,600 MLSU

Property tax history

+12.0%/yr

Latest (2025): $1,965 · +6.4% YoY. Source: county tax records.