The Palm Interior Plan · Ocean Springs, MS 39564

$242,900

3 bd · 2.5 ba · 1,521 sqft · Townhouse · 233 Days on market

Good condition ↓ 2% since listing

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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 +8.2/30.0
• ARV discount +7.5/15.0
• Schools +6.2/10.0
• Livability +4.3/5.0
• Condition / age +4.0/5.0
• Rent growth +2.8/5.0
• 1% rule +2.6/10.0
• DSCR +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Introducing the Palm Interior in Ocean Springs, Mississippi, one of our new D. R. Horton townhomes in Harper Grove Townhomes. The Palm B floorplan is positioned as an interior residence of the building and includes a one-car garage and a rear patio. Find all the space you'll need with three bedrooms, two and a half bathrooms with an estimated 1,521 square feet of space. The living area is an open concept, where your kitchen, living, and dining areas flow seamlessly into a space perfect for everyday living. The U-shaped kitchen features shaker-style cabinetry and quartz countertops with an undermount sink. The kitchen offers a stainless steel smooth top range, microwave with hood and quiet dishwasher as well as a convenient pantry. Upstairs you will find that every bedroom offers plush carpeting and a closet. These bedrooms can be utilized as an office space or bonus room, whatever type of room that may fit your lifestyle. The secondary bathroom offers a combination tub and shower to these bedrooms. The primary bedroom has a walk-in closet to accommodate any wardrobe. The ensuite bathroom offers a standing shower, double sink vanity with quartz countertops and linen shelving. The Palm includes D. R. Horton's Home is Connected® Smart Home package, giving you control of many home features from your smart device-whether you're at home or away. This home is also being built to FORTIFIED Gold HomeTM certification. See your Sales Representative for details.

Key facts

• Quartz countertops
• U-shaped kitchen
• Quiet dishwasher

Tags

• REAR PATIO
• U-SHAPED KITCHEN
• SHAKER-STYLE CABINETRY
• QUARTZ COUNTERTOPS
• STAINLESS STEEL RANGE
• QUIET DISHWASHER

🏗️ New construction. The $242,900 list price is a builder figure, so every metric below is computed on the value from comparable previous sales — $253,090.

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath townhouse listed at $243k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-239 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $219k (10.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $191k (21.3% below list).
• Recommended offer: $191k (21.3% below list) — sets the bar for 1% rule.

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.
• Zoned schools: Pecan Park Elementary School (math 62% / reading 57%, grade B-, #27 of 375 statewide, top 8%, 530 students, 99% FRL); Ocean Springs Upper Elementary Scho (math 59% / reading 56%, grade B, #12 of 179 statewide, top 6%, 1,332 students, 100% FRL); Ocean Springs High School (math 77% / reading 64%, grade B+, #1 of 197 statewide, top 0%, 1,899 students, 100% FRL) — zoned schools average 100% FRL vs 33% district-wide (67 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+1.3%/yr); 892 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals lingering (median 70d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 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 $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 233 days — a 12% lower offer ($214k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $191,163 (21.3% 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. It's been on market 233 days. Have you received any prior offers? Is the seller open to a 21% concession, seller financing, or rate buy-down credit?
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. 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?
6. 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?
7. 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.
8. 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.
9. 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: 0.76% ✗
• Cap rate: 5.16%
• Cash-on-cash: -4.04%
• DSCR: 0.82
• GRM: 11.0

CMA / ARV

• ARV (median comp): $253,090
• List price: $242,900
• Delta: -5.21%
• Verdict: FAIR
• Comps: 17 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
137 Harper Grove Cir	0.01mi	3/2.5	1,521 (0%)	0mo	$239,900	$158	99
129 Harper Grove Cir	0.02mi	3/2.5	1,521 (0%)	2mo	$239,900	$158	97
127 Harper Grove Cir	0.02mi	3/2.5	1,521 (0%)	2mo	$239,900	$158	97
131 Harper Grove Cir	0.02mi	3/2.5	1,521 (0%)	2mo	$249,900	$164	97
125 Harper Grove Cir	0.02mi	3/2.5	1,521 (0%)	4mo	$239,900	$158	96
135 Harper Grove Cir	0.09mi	3/2.5	1,521 (0%)	1mo	$239,900	$158	95
113 Harper Grove Cir	0.12mi	3/2.5	1,521 (0%)	6mo	$244,900	$161	90
115 Harper Grove Cir	0.11mi	3/2.5	1,521 (0%)	8mo	$244,900	$161	88
121 Harper Grove Cir	0.48mi	3/2.5	1,521 (0%)	3mo	$253,090	$166	75
123 Harper Grove Cir	0.47mi	3/2.5	1,521 (0%)	5mo	$239,900	$158	74
139 Harper Grove Cir	0.02mi	4/2.5 (+1)	1,710 (+12%)	2mo	$269,900	$158	72
109 Harper Grove Cir	0.12mi	4/2.5 (+1)	1,710 (+12%)	9mo	$274,900	$161	62

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: -25.0%
• Equity multiple: 0.16×
• Total profit: $-59,393
• Equity at exit: $37,737

10-year hold

• IRR: -26.8%
• Equity multiple: -0.18×
• Total profit: $-83,870
• Equity at exit: $21,883

Cash invested: $70,865 (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 →

Balanced market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 7 active · 14 under contract
• Months of supply: 4.2 mo (24%/mo absorbed)
• Median asking: $242,900 ($160/sqft)
• Median days on market: 233 d
• This list price: 14% of active listings are priced below it
• ARV vs active asking: +4.2% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 39564

• Home prices YoY: -26.8%
• Rents YoY: 1.3%
• Active inventory: 892
• Price-to-rent: 10.6×

Monthly cashflow live

• Estimated rent: $1,912 high
• Mortgage (P&I): −$1,327
• Tax est. 1.5%: −$316 /mo · $3,796/yr
• Insurance: −$105
• HOA: −$0
• Vacancy / Maint / Mgmt: −$401
• Net cashflow: $-239

Break-even live

Break-even rent $2,214

Max offer price $218,527

Occupancy floor —

Sensitivity live

Price	-10% $-64	-5% $-151	+0% $-239	+5% $-326	+10% $-414
Rent	-10% $-390	-5% $-314	+0% $-239	+5% $-163	+10% $-88
Rate	-1.0pp $-111	-0.5pp $-174	base $-239	+0.5pp $-304	+1.0pp $-371

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: $63,272
• Closing costs: $7,593
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3825 Timberlake Dr Ocean Springs, MS	3.0	2.0	1640	$2,200	$1.34	70d	1	0.16mi
1200 Deana Rd Ocean Springs, MS	2.0	2.0	1063	$1,296	$1.22	70d	1	0.26mi
1200 Deana Rd Ocean Springs, MS	2.0	2.0	1063	$1,405	$1.32	62d	1	0.26mi
1200 Deana Rd Ocean Springs, MS	2.0	2.0	1063	$1,337	$1.26	93d	1	0.26mi
3910 Yosemite Dr Ocean Springs, MS	3.0	2.0	1070	$1,595	$1.49	93d	1	0.37mi
132 Gettysburg Cir Ocean Springs, MS	4.0	3.0	1689	$2,195	$1.30	70d	1	0.45mi
7003 Ute Ct Ocean Springs, MS	4.0	2.0	2000	$2,195	$1.10	70d	1	0.45mi
3500 Groveland Rd Ocean Springs, MS	2.0–3.0	2.0	1173	$1,750	$1.49	62d	1	0.49mi
1221 King Henry Dr Ocean Springs, MS	3.0	2.0	1599	$1,800	$1.13	93d	1	0.73mi
106 Booth Cir Ocean Springs, MS	4.0	2.0	2100	$2,500	$1.19	62d	1	0.74mi
4008 Breezy Hill Ln Ocean Springs, MS	4.0	3.0	1600	$3,200	$2.00	62d	1	1.49mi

Listing history 50 events

1. 2026-08-08
   days on market $242,900 Active 233 DOM
2. 2026-08-07
   days on market $242,900 Active 232 DOM
3. 2026-08-06
   days on market $242,900 Active 231 DOM
4. 2026-08-05
   days on market $242,900 Active 230 DOM
5. 2026-08-04
   pricedays on market $242,900 Active 229 DOM
6. 2026-08-03
   days on market $239,900 Active 228 DOM
7. 2026-07-31
   days on market $239,900 Active 225 DOM
8. 2026-07-29
   days on market $239,900 Active 223 DOM
9. 2026-07-27
   days on market $239,900 Active 221 DOM
10. 2026-07-25
    days on market $239,900 Active 219 DOM
11. 2026-07-23
    days on market $239,900 Active 217 DOM
12. 2026-07-22
    days on market $239,900 Active 216 DOM
13. 2026-07-21
    days on market $239,900 Active 215 DOM
14. 2026-07-18
    days on market $239,900 Active 212 DOM
15. 2026-07-16
    days on market $239,900 Active 210 DOM
16. 2026-07-16
    days on market $239,900 Active 209 DOM
17. 2026-07-14
    days on market $239,900 Active 208 DOM
18. 2026-07-13
    days on market $239,900 Active 207 DOM
19. 2026-07-12
    days on market $239,900 Active 206 DOM
20. 2026-07-11
    days on market $239,900 Active 205 DOM
21. 2026-07-10
    days on market $239,900 Active 204 DOM
22. 2026-07-09
    days on market $239,900 Active 203 DOM
23. 2026-07-08
    days on market $239,900 Active 202 DOM
24. 2026-07-07
    days on market $239,900 Active 201 DOM
25. 2026-07-06
    days on market $239,900 Active 200 DOM
26. 2026-07-05
    days on market $239,900 Active 199 DOM
27. 2026-07-04
    days on market $239,900 Active 198 DOM
28. 2026-07-03
    days on market $239,900 Active 197 DOM
29. 2026-07-02
    days on market $239,900 Active 196 DOM
30. 2026-07-01
    days on market $239,900 Active 195 DOM
31. 2026-06-30
    days on market $239,900 Active 194 DOM
32. 2026-06-29
    days on market $239,900 Active 193 DOM
33. 2026-06-28
    days on market $239,900 Active 192 DOM
34. 2026-06-28
    days on market $239,900 Active 191 DOM
35. 2026-06-27
    days on market $239,900 Active 190 DOM
36. 2026-06-25
    days on market $239,900 Active 188 DOM
37. 2026-06-23
    days on market $239,900 Active 186 DOM
38. 2026-06-21
    days on market $239,900 Active 185 DOM
39. 2026-06-18
    days on market $239,900 Active 182 DOM
40. 2026-06-17
    days on market $239,900 Active 181 DOM
41. 2026-06-16
    days on market $239,900 Active 180 DOM
42. 2026-06-15
    days on market $239,900 Active 179 DOM
43. 2026-06-14
    days on market $239,900 Active 177 DOM
44. 2026-06-13
    days on market $239,900 Active 176 DOM
45. 2026-06-10
    days on market $239,900 Active 174 DOM
46. 2026-06-09
    days on market $239,900 Active 173 DOM
47. 2026-06-08
    days on market $239,900 Active 172 DOM
48. 2026-06-07
    days on market $239,900 Active 171 DOM
49. 2026-06-02
    days on market $239,900 Active 166 DOM
50. 2026-06-01
    days on market $239,900 Active 165 DOM

ⓘ 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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 24 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: $22,940
• − Mortgage interest: −$14,177
• − Property taxes: −$3,796
• − Insurance: −$1,265
• − Repairs & maintenance: −$1,835
• − Management: −$1,835
• − Depreciation: −$7,363
• Taxable loss: −$7,332
• Est. tax savings @ 24.0%: +$1,760
• After-tax cash flow: $-1,107/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.

Condition & rehab AI · 6 photos

Good 80/100 None rehab

This townhouse is in excellent condition with a good condition score of 80. It is move-in ready with no visible repairs needed and offers a good return on investment with minor updates that can significantly increase its value.

Value-add opportunities

• Both Painting the exterior and interior walls — Fresh paint can enhance curb appeal and interior aesthetics. ↑
• Both Landscaping improvements — Enhanced landscaping can boost both resale and rental value. ↑
• Both Adding smart home features — Modern technology can increase both resale and rental appeal. ↑
• Both Upgrading the kitchen appliances — Modern appliances can make the kitchen more functional and appealing to potential buyers/renters. ↑

C Composite school gradezoned avg 62/100

Zoned Schools

Elementary Pecan Park Elementary School B- MS #27/375 Nat'l #7,252/41,679 Middle Ocean Springs Upper Elementary Scho B MS #12/179 Nat'l #2,146/14,009 High Ocean Springs High School B+ MS #1/197 Nat'l #2,083/17,239

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

A Composite livability gradescore 86/100

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 · 146,926 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: 12% of renters

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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%

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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%

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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

-2.0% since first listed

2 events — show timeline

• 2025-12-31 Price Changed $239,900 Zillow
• 2025-12-18 Listed $244,900 Zillow