1731 Ridgeway Dr · Biloxi, MS 39531

$149,000

3 bd · 1.5 ba · 1,333 sqft · SingleFamily public records · 1 Days on market

Built 1954 6,969 sqft lot Est $168k · 11% 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 +29.3/30.0
• ARV discount +12.6/15.0
• DSCR +10.0/10.0
• 1% rule +6.9/10.0
• 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

Input for MLS purposes only

Key facts

• 6,969 sq ft lot
• Parking

Property features AI

Finance

• Other: Lot size approximately 0.16 acres
• Financial info: Financial details not provided
• HOA & community: Community has street lights; Near entertainment

Exterior

• Parking: Carport (1 space); Concrete parking surface
• Security: Security information not provided
• Utilities: Public water; Public sewer; Electricity connected; Natural gas connected; Underground utilities
• Home design: Single-family house; One level; Living area recorded by owner
• Construction: Siding exterior; Slab foundation; Built/use details not provided
• Exterior features: Front porch; Fenced yard (wood fencing); Lot is fenced; Asphalt shingle roof

Interior

• Kitchen: Free-standing gas range; Refrigerator; Natural gas available in kitchen
• Bedrooms: Bedrooms information not provided
• Flooring: Flooring information not provided
• Bathrooms: 1 full bathroom; 1 half bathroom (total 1.5 bathrooms)
• Heating & cooling: Natural gas heating; Central air conditioning
• Interior features: Move-in ready condition; Rain gutters
• Laundry & utility: Stacked washer and dryer; Water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $149k.

Deal economics

• At list price, monthly cash flow is $524 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $149k).
• Cap rate 10.5% 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.
• Market conditions: Rents flat; 201 active listings in the ZIP; 25 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 40% 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 39% of the median local income ($54k/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 $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.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1954 — 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 $149,000

Questions for the listing agent

1. Built in 1954 — 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. 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.
4. 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.
5. 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: 1.19% ✓
• Cap rate: 10.51%
• Cash-on-cash: 15.07%
• DSCR: 1.67
• GRM: 7.0

CMA / ARV

• ARV (on-the-fly): $167,958
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
244 Beeman Dr	0.12mi	4/2.0 (+1)	1,342 (+1%)	3mo	$219,900	$164	84
277 Dewey Cir	0.11mi	3/1.0	1,300 (-2%)	12mo	$149,995	$115	79
1772 Pass Rd	0.30mi	3/2.0	1,353 (+2%)	8mo	$125,000	$92	75
151 Travia Ave	0.26mi	4/2.0 (+1)	1,400 (+5%)	10mo	$160,000	$114	64
277 Rodenberg Ave	0.18mi	3/1.0	1,159 (-13%)	11mo	$129,000	$111	59
1688 Sunset Blvd	0.59mi	3/2.0	1,436 (+8%)	2mo	$179,500	$125	56
1728 James Buchanan Dr	0.50mi	3/2.0	1,160 (-13%)	2mo	$179,900	$155	52
182 Althea St	0.64mi	3/2.0	1,190 (-11%)	2mo	$82,000	$69	48
1610 Wiltshire Blvd	0.65mi	4/3.0 (+1)	1,420 (+6%)	6mo	$180,000	$127	43
1648 Hollywood Blvd	0.74mi	3/2.0	1,489 (+12%)	4mo	$189,000	$127	41
1736 Thomas Jefferson Dr	0.61mi	3/2.0	1,482 (+11%)	13mo	$187,000	$126	40
157 Saint Charles Ave	0.66mi	4/2.0 (+1)	1,504 (+13%)	7mo	$299,000	$199	35

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 · 0.05% rent growth · sell at horizon

5-year hold

• IRR: 2.6%
• Equity multiple: 1.10×
• Total profit: $4,036
• Equity at exit: $22,216

10-year hold

• IRR: 9.4%
• Equity multiple: 1.63×
• Total profit: $26,388
• Equity at exit: $12,883

Cash invested: $41,720 (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 39531

• Home prices YoY: -13.0%
• Rents YoY: 0.1%
• Active inventory: 201
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $1,779 high
• Mortgage (P&I): −$781
• Tax from tax record: −$38 /mo · $452/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$374
• Net cashflow: $524

Break-even live

Break-even rent $1,115

Max offer price $149,000

Occupancy floor 66%

Sensitivity live

Price	-10% $608	-5% $566	+0% $524	+5% $482	+10% $440
Rent	-10% $383	-5% $454	+0% $524	+5% $594	+10% $665
Rate	-1.0pp $599	-0.5pp $562	base $524	+0.5pp $485	+1.0pp $446

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: $37,250
• Closing costs: $4,470
• Reserves months: —
• Total cash needed: —

Rent comps 25 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1713 Stevens St Unit A Biloxi, MS	3.0	2.0	1100	$1,300	$1.18	22d	1	0.14mi
270 Rodenberg Ave Biloxi, MS	3.0	2.0	1180	$1,100	$0.93	45d	1	0.18mi
1667 Irish Hill Dr Biloxi, MS	1.0–2.0	1.0–1.5	862	$1,049	$1.22	14d	1	0.29mi
1805 Irish Hill Dr #4 Biloxi, MS	3.0	2.0	1600	$2,400	$1.50	45d	1	0.34mi
1664 Beach Blvd Biloxi, MS	1.0–2.0	1.0–1.5	801	$2,100	$2.62	14d	2	0.36mi
1664 Beach Blvd Biloxi, MS	2.0	1.5	985	$2,295	$2.33	45d	1	0.38mi
187 Bilmarsan Dr Biloxi, MS	3.0	2.0	1850	$2,670	$1.44	45d	1	0.39mi
122 Coral Breeze Dr Biloxi, MS	3.0	1.5	1000	$2,700	$2.70	45d	1	0.40mi
1737 James Buchanan Dr Biloxi, MS	3.0	2.0	1328	$1,650	$1.24	45d	1	0.45mi
1616 Gordon Ave Biloxi, MS	3.0	1.0	900	$1,425	$1.58	22d	1	0.46mi
118 Coral Breeze Dr Biloxi, MS	3.0	1.5	1000	$2,800	$2.80	14d	1	0.47mi
1623 Cayman Cv Biloxi, MS	3.0	2.0	1397	$3,700	$2.65	14d	1	0.59mi
1910 Southern Ave Biloxi, MS	1.0–2.0	1.0–1.5	725	$1,200	$1.66	14d	2	0.70mi
154 Saint Charles Ave Biloxi, MS	2.0	1.0	1292	$1,400	$1.08	45d	1	0.71mi
340 Hiller Dr Biloxi, MS	3.0	2.0	1447	$1,749	$1.21	22d	1	0.75mi
1496 Beach Blvd Biloxi, MS	2.0	2.0	1150	$1,650	$1.43	45d	1	0.93mi
1496 Beach Blvd Biloxi, MS	2.0	1.5	1100	$1,450	$1.32	14d	1	0.93mi
330 Belvedere Dr Biloxi, MS	3.0	1.0	1000	$1,200	$1.20	14d	1	0.99mi
2046 Beach Blvd Biloxi, MS	2.0	2.0	1152	$2,200	$1.91	22d	1	1.10mi
2060 Beach Blvd #604 Biloxi, MS	2.0	2.0	1670	$2,849	$1.71	14d	1	1.19mi
2068 Beach Blvd Unit 202 Biloxi, MS	2.0	2.0	1001	$1,600	$1.60	45d	1	1.26mi
2068 Beach Blvd Unit 342 Biloxi, MS	2.0	2.0	1001	$1,550	$1.55	14d	1	1.26mi
2068 Beach Blvd Unit 142 Biloxi, MS	2.0	2.0	1001	$1,600	$1.60	14d	1	1.26mi
145 Saint Francis St Biloxi, MS	2.0	2.0	1467	$2,900	$1.98	45d	1	1.39mi
310 Abbey Ct Biloxi, MS	2.0–3.0	1.0–2.0	1062	$1,275	$1.20	22d	17	1.46mi

Listing history 3 events

1. 2026-05-26
   status Pending
2. 2026-05-26
   listed $149,000 Active
3. 2018-05-15
   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: $452 · $38/mo
• Projected year-2 tax: $1,177 · $98/mo
• Expected delta: +$725/yr (+$60/mo · 160.2%)

ⓘ 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: $21,344
• − Mortgage interest: −$8,346
• − Property taxes: −$452
• − Insurance: −$745
• − Repairs & maintenance: −$1,708
• − Management: −$1,708
• − Depreciation: −$4,335
• Taxable income: $4,051
• Est. tax owed @ 24.0%: −$972
• After-tax cash flow: $5,316/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): 18,918
• Household income: $54,218
• Rent vs Own: 61.4% rent · 38.6% own
• Severe rent burden: 1110.0

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 0.60)
• Race & ethnicity: White 60% Black 18% Two or more races 12% Hispanic / Latino 11% Asian 2%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Lithuanian 6% Slovak 2% Serbian 1%
• Foreign-born: 8% · Canada, Vietnam
• Languages at home: 89% English-only · Spanish 6% Arabic 1% 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: ▼ -28.97%
• Current HPI: 193.4018
• Rent YoY: ▬ 0.05%
• Metro: Gulfport-Biloxi, MS
• State GDP YoY: —
• F500 in state: 0

Price history

3 events — show timeline

• 2026-05-26 Pending — MLSU
• 2026-05-26 Listed $149,000 MLSU
• 2018-05-15 Sold (Public Records) — Public Records

Property tax history

-5.8%/yr

Latest (2025): $452 · +4.9% YoY. Source: county tax records.