2900 7th Ave · Gulfport, MS 39501

$135,000

3 bd · 1.0 ba · 1,350 sqft · SingleFamily public records · 5 Days on market

Built 1940 6,969 sqft lot $100/sqft · 10% below area Est $166k · 19% under ↓ 29% since listing

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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 +21.2/30.0
• ARV discount +15.0/15.0
• DSCR +6.8/10.0
• Rent growth +5.0/5.0
• 1% rule +4.7/10.0
• Livability +3.7/5.0
• Schools +3.4/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Charming and full of character, this three bedroom, one bath home offers warm curb appeal and a welcoming atmosphere from the moment you arrive. Inside you'll find beautiful chandeliers, large framed windows, and inviting living spaces filled with natural light. The dining area flows into the kitchen area cozy living room featuring a classic brick fireplace. Each bedroom offers great lighting and ample closet space. Outside, enjoy a fenced backyard perfect for kids or pets, along with an adorable storage shed that complements the home's charm. With a little updating, this coastal gem has endless potential!

Key facts

• Storage shed
• Fenced backyard
• 6,969 sq ft lot

Tags

• FENCED BACKYARD
• STORAGE SHED
• CLASSIC BRICK FIREPLACE

Property features AI

Exterior

• Parking: Driveway
• Utilities: Public water; Public sewer; Electricity connected; Natural gas connected
• Home design: Single family residence (house); One level
• Construction: Siding exterior; Architectural shingle roof; Pillar/post/pier foundation; Built year listed by assessor
• Exterior features: Front porch; Patio; Storage structure; Backyard chain‑link fencing; Corner city lot near the beach

Interior

• Kitchen: Free‑standing gas range; Refrigerator; Dishwasher not listed
• Flooring: Carpet; Linoleum
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (natural gas); Central electric air conditioning
• Interior features: See remarks (additional exterior/interior details noted in listing)
• Laundry & utility: Washer and dryer included

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $135k.

Deal economics

• At list price, monthly cash flow is $195 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $131k (2.6% below list).
• Recommended offer: $131k (2.6% below list) — sets the bar for 1% rule.
• Cap rate 8.0% vs local median 4.9% 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: schools D, amenities F, commute 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.
• Market conditions: Rents rising fast (+10.5%/yr); 252 active listings in the ZIP; 20 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% 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 $1,315/mo this rent would consume 45% of the median local household income ($35k/yr) (locally 1516% 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 $933 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.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $38k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 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

• Watch-outs: built in 1940 — 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 $131,453 (2.6% below list)

Questions for the listing agent

1. Built in 1940 — 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 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?
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: 0.97% ✗
• Cap rate: 8.03%
• Cash-on-cash: 6.20%
• DSCR: 1.28
• GRM: 8.6

CMA / ARV

• ARV (median comp): $166,245
• List price: $135,000
• Delta: -18.79%
• 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
2708 Kelly Ave	0.28mi	3/2.0	1,350 (0%)	9mo	$199,500	$148	76
2903 Audubon Dr	0.45mi	3/2.0	1,350 (0%)	6mo	$118,800	$88	70
921 Wanda Pl	0.31mi	3/2.0	1,477 (+9%)	1mo	$229,900	$156	64
3307 Johnson Dr	0.41mi	4/2.0 (+1)	1,400 (+4%)	2mo	$119,000	$85	64
2602 Kenneth Ave	0.56mi	3/1.5	1,326 (-2%)	6mo	$178,900	$135	64
2503 Kenneth Ave	0.63mi	3/1.5	1,350 (0%)	7mo	$149,000	$110	62
1108 Oak Pl	0.40mi	3/2.0	1,459 (+8%)	4mo	$230,000	$158	61
714 Tennessee St	0.26mi	3/2.0	1,187 (-12%)	5mo	$129,900	$109	60
910 22nd St	0.58mi	2/2.0 (-1)	1,281 (-5%)	3mo	$169,900	$133	53
1211 23rd St	0.67mi	2/2.0 (-1)	1,433 (+6%)	1mo	$159,900	$112	49
941 22nd St	0.62mi	3/2.0	1,489 (+10%)	2mo	$154,990	$104	48
623 23rd St	0.62mi	3/2.0	1,200 (-11%)	2mo	$169,999	$142	47

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: -1.7%
• Equity multiple: 0.93×
• Total profit: $-2,530
• Equity at exit: $20,129

10-year hold

• IRR: 12.5%
• Equity multiple: 2.20×
• Total profit: $45,283
• Equity at exit: $11,672

Cash invested: $37,800 (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 →

ZIP-level market 39501

• Home prices YoY: -34.5%
• Rents YoY: 10.5%
• Active inventory: 252
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $1,315 high
• Mortgage (P&I): −$708
• Tax from tax record: −$79 /mo · $949/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$276
• Net cashflow: $195

Break-even live

Break-even rent $1,067

Max offer price $135,000

Occupancy floor 80%

Sensitivity live

Price	-10% $272	-5% $233	+0% $195	+5% $157	+10% $119
Rent	-10% $91	-5% $143	+0% $195	+5% $247	+10% $299
Rate	-1.0pp $263	-0.5pp $230	base $195	+0.5pp $160	+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: $33,750
• Closing costs: $4,050
• Reserves months: —
• Total cash needed: —

Rent comps 20 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2823 6th Ave Unit A Gulfport, MS	3.0	2.0	1100	$1,100	$1.00	21d	1	0.07mi
2706 6th Ave Gulfport, MS	3.0	2.0	1217	$1,300	$1.07	21d	1	0.22mi
1224 29th St Gulfport, MS	2.0	2.0	1050	$1,155	$1.10	14d	1	0.33mi
2311 5th Ave Gulfport, MS	3.0	1.5	1100	$1,300	$1.18	44d	1	0.50mi
3508 Nunnally St Gulfport, MS	4.0	3.0	1718	$2,200	$1.28	14d	1	0.52mi
3508 Nunnally St Gulfport, MS	4.0	2.5	1718	$2,200	$1.28	44d	1	0.52mi
2233 5th Ave Gulfport, MS	3.0	1.0	1215	$1,300	$1.07	44d	1	0.54mi
3333 12th Ave Unit 6 Gulfport, MS	2.0	2.5	1000	$899	$0.90	44d	1	0.58mi
3333 12th Ave Gulfport, MS	2.0	2.0	1000	$899	$0.90	44d	1	0.58mi
941 22nd St Gulfport, MS	3.0	2.0	1450	$1,600	$1.10	14d	1	0.65mi
1400 28th St Gulfport, MS	2.0–3.0	2.0	1101	$1,085	$0.99	14d	1	0.66mi
3209 F Ave Gulfport, MS	2.0	1.0	1000	$850	$0.85	44d	1	0.81mi
124 30th 1/2 St Gulfport, MS	2.0	1.5	1007	$1,100	$1.09	44d	1	0.83mi
2207 16th Ave Gulfport, MS	2.0	1.0	1325	$1,425	$1.08	14d	1	1.02mi
2227 17th Ave Gulfport, MS	2.0	1.0	1000	$850	$0.85	44d	1	1.04mi
1605 20th St Gulfport, MS	3.0	3.0	1350	$1,095	$0.81	44d	1	1.05mi
1511 2nd St Gulfport, MS	3.0	1.5	1030	$2,000	$1.94	44d	1	1.16mi
3503 Hancock Ave Gulfport, MS	2.0	2.5	1100	$1,100	$1.00	21d	1	1.20mi
2110 30th St Gulfport, MS	2.0	2.0	950	$950	$1.00	21d	1	1.20mi
2317 30th St Gulfport, MS	2.0	1.0	1164	$2,150	$1.85	21d	1	1.38mi

Listing history 10 events

1. 2026-05-15
   status Pending 619-char remark
2. 2026-05-11
   status Active 619-char remark
3. 2026-05-08
   status Pending 619-char remark
4. 2026-05-06
   listed $135,000 Active 619-char remark
5. 2025-09-16
   historical
6. 2025-08-11
   price $165,000
7. 2025-05-16
   listed $175,000 Active
8. 2024-06-13
   historical
9. 2024-04-15
   price $184,700
10. 2024-03-12
    listed $189,700 Active

ⓘ 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: $949 · $79/mo
• Projected year-2 tax: $1,066 · $89/mo
• Expected delta: +$118/yr (+$10/mo · 12.4%)

ⓘ 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: $15,774
• − Mortgage interest: −$7,562
• − Property taxes: −$949
• − Insurance: −$675
• − Repairs & maintenance: −$1,262
• − Management: −$1,262
• − Depreciation: −$3,927
• Taxable income: $138
• Est. tax owed @ 24.0%: −$33
• After-tax cash flow: $2,310/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: 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

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 · 178,171 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: 1516.0

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 0.56)
• 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%

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

Price history

-28.8% since first listed

10 events — show timeline

• 2026-05-15 Pending — MLSU
• 2026-05-11 Relisted — MLSU
• 2026-05-08 Pending — MLSU
• 2026-05-06 Listed $135,000 MLSU
• 2025-09-16 Listing Removed — MLSU
• 2025-08-11 Price Changed $165,000 MLSU
• 2025-05-16 Listed $175,000 MLSU
• 2024-06-13 Listing Removed — MLSU
• 2024-04-15 Price Changed $184,700 MLSU
• 2024-03-12 Listed $189,700 MLSU

Property tax history

+8.6%/yr

Latest (2025): $949 · +124.0% YoY. Source: county tax records.