1232 37th Ave · Gulfport, MS 39501

$85,000

3 bd · 1.0 ba · 1,118 sqft · SingleFamily public records · 57 Days on market

Built 1950 Good condition 6,969 sqft lot $76/sqft · 45% below area Est $155k · 45% under

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Why this score? — see what drove the A- 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
• Rent growth +5.0/5.0
• Condition / age +4.0/5.0
• Livability +3.7/5.0
• Schools +3.0/10.0
• Appreciation +0.0/10.0

Listing remarks

This property features a functional floor plan with spacious living areas and offers excellent potential for homeowners or investors looking to add value. Location is close to Memorial hospital and downtown Gulfport. Minutes to the beach. Previously rented for $1100 a month. Previously Appraised in April of 2023 for $135,000. Whether you're searching for a primary residence or rental property, this home presents plenty of possibilities.

Key facts

• 6,969 sq ft lot
• Built 1950
• Listed 57 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $85k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $471 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $85k).
• Recommended offer: $82k (3.0% below list) — sets the bar for market timing.
• Cap rate 12.9% vs local median 5.3% in Gulfport — 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 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: amenities F, commute F, employment F.
• Gulfport School District (urban): math 41% / reading 42% proficiency, ranked #37 of 130 in MS (top 28%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 67% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: West Elementary School (math 24% / reading 33%, grade F, #195 of 375 statewide, top 52%, 523 students, 100% FRL); Gulfport Central Middle School (math 20% / reading 23%, grade F, #109 of 179 statewide, top 62%, 585 students, 100% FRL); Gulfport High School (math 42% / reading 36%, grade F, #54 of 197 statewide, top 28%, 1,728 students, 100% FRL) — zoned schools average 100% FRL vs 67% district-wide (33 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+10.5%/yr); 352 active listings in the ZIP; 22 comparable units currently listed for rent nearby; rentals leasing fast (median 6d on market — plan ~1-2 weeks tenant-placement turnaround); 45% 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 $1,316/mo this rent would consume 45% of the median local household income ($35k/yr) (locally 21% 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 $588 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.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $24k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 57 days — a 3% lower offer ($82k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 3y ago; this cycle's ask has dropped $8k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1950 — 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 $82,450 (3.0% below list)

Questions for the listing agent

1. It's been on market 57 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 1.55% ✓
• Cap rate: 12.94%
• Cash-on-cash: 23.76%
• DSCR: 2.06
• GRM: 5.4

CMA / ARV

• ARV (median comp): $154,849
• List price: $85,000
• Delta: -45.11%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1215 36th Ave	0.05mi	3/2.0	1,208 (+8%)	1mo	$145,000	$120	80
1426 33rd Ave	0.32mi	2/1.0 (-1)	1,105 (-1%)	12mo	$225,000	$204	68
1521 42nd Ave	0.39mi	3/2.0	1,100 (-2%)	16mo	$190,000	$173	62
1108 37th Ave	0.12mi	3/2.0	1,267 (+13%)	8mo	$220,000	$174	62
3511 Park Blvd	0.28mi	2/1.0 (-1)	1,006 (-10%)	5mo	$75,000	$75	61
1221 42nd Ave	0.33mi	3/1.0	1,000 (-11%)	10mo	$89,000	$89	59
1408 36th Ave	0.14mi	2/2.0 (-1)	1,220 (+9%)	13mo	$162,000	$133	58
3307 20th St	0.57mi	2/1.0 (-1)	1,052 (-6%)	4mo	$35,000	$33	56
2001 43rd Ave	0.67mi	4/2.0 (+1)	1,150 (+3%)	3mo	$74,900	$65	52
1816 43rd Ave	0.51mi	3/2.0	996 (-11%)	5mo	$69,900	$70	50
3617 22nd St	0.64mi	3/1.0	1,051 (-6%)	13mo	$74,900	$71	49
1873 43rd Ave	0.56mi	3/2.0	1,200 (+7%)	11mo	$104,900	$87	48

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 22.4%
• Equity multiple: 1.97×
• Total profit: $23,195
• Equity at exit: $12,674

10-year hold

• IRR: 33.4%
• Equity multiple: 4.80×
• Total profit: $90,517
• Equity at exit: $7,349

Cash invested: $23,800 (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 →

Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 20 active · 12 under contract
• Months of supply: 9.2 mo (11%/mo absorbed)
• Median asking: $122,500 ($129/sqft)
• Median days on market: 89 d
• This list price: 30% of active listings are priced below it
• ARV vs active asking: +7.3% vs current asking $/sqft

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

ZIP-level market 39501

• Home prices YoY: -34.5%
• Rents YoY: 10.5%
• Active inventory: 352
• Price-to-rent: 5.4×

Monthly cashflow live

• Estimated rent: $1,316 high
• Mortgage (P&I): −$446
• Tax from tax record: −$87 /mo · $1,045/yr
• Insurance: −$35
• HOA: −$0
• Vacancy / Maint / Mgmt: −$276
• Net cashflow: $471

Break-even live

Break-even rent $719

Max offer price $85,000

Occupancy floor 59%

Sensitivity live

Price	-10% $519	-5% $495	+0% $471	+5% $447	+10% $423
Rent	-10% $367	-5% $419	+0% $471	+5% $523	+10% $575
Rate	-1.0pp $514	-0.5pp $493	base $471	+0.5pp $449	+1.0pp $427

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: $21,250
• Closing costs: $2,550
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 22 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3633 Southward Dr Gulfport, MS	2.0	2.0	900	$1,000	$1.11	139d	1	0.17mi
3305 12th St Gulfport, MS	2.0	1.5	1100	$1,295	$1.18	139d	1	0.26mi
1513 34th Ave Gulfport, MS	2.0	2.0	884	$1,225	$1.39	6d	1	0.28mi
1711 Wisteria St Gulfport, MS	3.0	1.0	1260	$1,100	$0.87	0d	1	0.28mi
1620 Terrace Dr Gulfport, MS	2.0	1.0	768	$1,200	$1.56	6d	1	0.28mi
1221 42nd Ave Gulfport, MS	3.0	1.0	1000	$1,400	$1.40	139d	1	0.34mi
1313 42nd Ave Gulfport, MS	3.0	2.0	1433	$1,250	$0.87	6d	1	0.34mi
1106 32nd Ave Gulfport, MS	3.0	2.0	1200	$1,300	$1.08	139d	1	0.38mi
1529 43rd Ave Gulfport, MS	2.0	1.5	900	$875	$0.97	6d	1	0.48mi
4319 Lewis St Gulfport, MS	3.0	2.0	1371	$1,649	$1.20	109d	1	0.66mi
4409 Ford St Gulfport, MS	2.0	1.0	1000	$1,500	$1.50	139d	1	0.73mi
2068 W Beach Blvd Biloxi, MS	1.0–3.0	1.0–2.0	998	$1,700	$1.70	0d	1	0.75mi
2004 47th Ave Unit A Gulfport, MS	3.0	2.0	1149	$1,450	$1.26	6d	1	0.87mi
2414 34th Ave Gulfport, MS	2.0	1.0	912	$1,125	$1.23	116d	1	0.90mi
1412 Jo Ellen Cir Gulfport, MS	3.0	1.5	1275	$1,050	$0.82	109d	1	1.12mi
1206 Beach Ave Gulfport, MS	3.0	2.0	1076	$1,500	$1.39	109d	1	1.13mi
1822 15th St Gulfport, MS	2.0	2.0	1100	$1,900	$1.73	139d	1	1.29mi
1701 18th Ave Gulfport, MS	2.0	1.5	1200	$1,200	$1.00	6d	1	1.34mi
1705 18th Ave Gulfport, MS	2.0	1.5	1200	$1,200	$1.00	6d	1	1.35mi
1626 18th Ave Gulfport, MS	3.0	2.0	1389	$3,000	$2.16	6d	1	1.37mi
701 Lewis Ave Gulfport, MS	3.0	2.5	1340	$1,600	$1.19	0d	1	1.40mi
1103 Lewis Ave Gulfport, MS	4.0	2.0	1296	$1,200	$0.93	3d	1	1.43mi

Property features AI

Finance

• Other: Lot dimensions approximately 51' x 139' x 50' x 139'Lot size about 0.16 acres

Exterior

• Security: Smoke detector(s)
• Utilities: Public waterPublic sewerElectricity connectedCable available
• Home design: Single family residence (house)One level
• Construction: Vinyl sidingPillar/post/pier foundationAsphalt shingle roofBuilt (year per public records)
• Exterior features: Front porchCity lot

Interior

• Kitchen: DishwasherRefrigerator
• Flooring: Vinyl flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric)Central air (electric)Ceiling fan(s)
• Interior features: Ceiling fan(s)Aluminum frame windows

Listing history 46 events

1. 2026-09-24
   days on market $85,000 Active 57 DOM
2. 2026-09-22
   days on market $85,000 Active 56 DOM
3. 2026-09-21
   days on market $85,000 Active 55 DOM
4. 2026-09-20
   days on market $85,000 Active 54 DOM
5. 2026-09-18
   days on market $85,000 Active 52 DOM
6. 2026-09-17
   days on market $85,000 Active 51 DOM
7. 2026-09-16
   days on market $85,000 Active 50 DOM
8. 2026-09-15
   days on market $85,000 Active 49 DOM
9. 2026-09-14
   days on market $85,000 Active 48 DOM
10. 2026-09-13
    days on market $85,000 Active 47 DOM
11. 2026-09-12
    days on market $85,000 Active 46 DOM
12. 2026-09-11
    pricedays on market $85,000 Active 45 DOM
13. 2026-09-05
    days on market $92,500 Active 39 DOM
14. 2026-09-04
    days on market $92,500 Active 38 DOM
15. 2026-09-03
    days on market $92,500 Active 37 DOM
16. 2026-08-31
    status $92,500 Active 34 DOM
17. 2026-08-15
    status $92,500 Pending 34 DOM
18. 2026-08-14
    days on market $92,500 Active 34 DOM
19. 2026-08-13
    days on market $92,500 Active 33 DOM
20. 2026-08-12
    days on market $92,500 Active 32 DOM
21. 2026-08-11
    days on market $92,500 Active 31 DOM
22. 2026-08-10
    days on market $92,500 Active 30 DOM
23. 2026-08-09
    days on market $92,500 Active 29 DOM
24. 2026-08-08
    days on market $92,500 Active 28 DOM
25. 2026-08-07
    days on market $92,500 Active 27 DOM
26. 2026-08-06
    days on market $92,500 Active 26 DOM
27. 2026-08-05
    days on market $92,500 Active 25 DOM
28. 2026-08-04
    days on market $92,500 Active 24 DOM
29. 2026-08-03
    days on market $92,500 Active 23 DOM
30. 2026-07-31
    days on market $92,500 Active 20 DOM
31. 2026-07-30
    days on market $92,500 Active 19 DOM
32. 2026-07-29
    days on market $92,500 Active 18 DOM
33. 2026-07-27
    days on market $92,500 Active 16 DOM
34. 2026-07-25
    days on market $92,500 Active 14 DOM
35. 2026-07-24
    days on market $92,500 Active 13 DOM
36. 2026-07-23
    days on market $92,500 Active 12 DOM
37. 2026-07-22
    days on market $92,500 Active 11 DOM
38. 2026-07-21
    days on market $92,500 Active 10 DOM
39. 2026-07-18
    statusdays on market $92,500 Active 7 DOM
40. 2026-07-03
    status $92,500 Pending 5 DOM
41. 2026-07-03
    days on market $92,500 Active 5 DOM
42. 2026-07-02
    days on market $92,500 Active 4 DOM
43. 2026-07-01
    days on market $92,500 Active 3 DOM
44. 2026-06-30
    days on market $92,500 Active 2 DOM
45. 2026-06-28
    remarks 440-char remark
46. 2026-06-28
    listed $92,500 Active 1 DOM

ⓘ 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: $1,045 · $87/mo
• Projected year-2 tax: $1,045 · $87/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 3/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 23 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: $15,788
• − Mortgage interest: −$4,761
• − Property taxes: −$1,045
• − Insurance: −$425
• − Repairs & maintenance: −$1,263
• − Management: −$1,263
• − Depreciation: −$2,473
• Taxable income: $4,558
• Est. tax owed @ 24.0%: −$1,094
• After-tax cash flow: $4,560/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 · 9 photos

Good 80/100 Cosmetic rehab Est. rehab $5,590–$16,770 screening

This single-family home in Gulfport, MS, is in good condition with a functional floor plan and potential for further value enhancement through cosmetic updates.

Components & finishes AI

Roof asphalt shingle · good Flooring laminate Appliances white

Deferred maintenance Est. $2,000–$8,000 screening

• Minor Roof (roof) — No visible signs of damage or wear on the roof.
• Minor Windows (windows) — No visible signs of damage or wear on the windows.
• Minor Electrical (electrical) — No visible signs of damage or wear on the electrical components.
• Minor Plumbing (plumbing) — No visible signs of damage or wear on the plumbing.

Value-add opportunities

• Both Painting exterior and interior walls — Fresh paint enhances curb appeal and interior aesthetics ↑
• Both Landscaping improvements — Enhances curb appeal and adds value ↑
• Both New flooring in bathrooms — Improves functionality and aesthetics ↑
• Both New kitchen appliances — Modernizes the space and adds value ↑

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 30/100

Zoned Schools

Elementary West Elementary School F MS #195/375 Nat'l #28,012/41,679 Middle Gulfport Central Middle School F MS #109/179 Nat'l #11,382/14,009 High Gulfport High School F MS #54/197 Nat'l #8,724/17,239

Schools (NCES district)

• District: Gulfport School District
• NCES district ID: 2801710
• Math proficiency: 41% ▼ -15.00%
• Reading proficiency: 42% ▼ -6.00%
• Median HH income: $35,712
• Composite: 34.38/100
• National rank: #5213
• State rank: #37 of 130 in MS

B Composite livability gradescore 73/100

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 · 228,444 people
• City population: 96,188
• Metro: Gulfport-Biloxi, MS
• Population (ZIP): 22,565
• Household income: $34,758
• Rent vs Own: 60.3% rent · 39.7% own
• Severe rent burden: 21% of renters

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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%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: Black 59% White 29% Two or more races 7% Hispanic / Latino 5%
• Hispanic origin (detail): Mexican 2%
• Common ancestry: Lithuanian 2% Serbian 1% Slovak 1%
• Foreign-born: 2% · Canada
• Languages at home: 95% English-only · Spanish 4%

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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: ▼ -110.16%
• Current HPI: 208.998
• Rent YoY: ▲ 10.49%
• Metro: Gulfport-Biloxi, MS
• State GDP YoY: —
• F500 in state: 0

Property features AI

Finance

• Other: Lot dimensions approximately 51' x 139' x 50' x 139'Lot size about 0.16 acres

Exterior

• Security: Smoke detector(s)
• Utilities: Public waterPublic sewerElectricity connectedCable available
• Home design: Single family residence (house)One level
• Construction: Vinyl sidingPillar/post/pier foundationAsphalt shingle roofBuilt (year per public records)
• Exterior features: Front porchCity lot

Interior

• Kitchen: DishwasherRefrigerator
• Flooring: Vinyl flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric)Central air (electric)Ceiling fan(s)
• Interior features: Ceiling fan(s)Aluminum frame windows

Price history

+49.2% since first listed

9 events — show timeline

• 2026-06-28 Listed $92,500 MLSU
• 2024-11-26 Listing Removed — MLSU
• 2024-10-24 Price Changed $83,000 MLSU
• 2024-07-05 Relisted — MLSU
• 2024-06-22 Pending — MLSU
• 2024-05-25 Listed $100,000 MLSU
• 2023-06-06 Sold (Public Records) — Public Records
• 2023-05-23 Listing Removed — MLSU
• 2023-05-16 Listed $62,000 MLSU

Property tax history

+1.4%/yr

Latest (2025): $1,045 · +6.1% YoY. Source: county tax records.