5308 Center St · Gautier, MS 39564

$180,000

3 bd · 2.0 ba · 1,400 sqft · SingleFamily public records · 159 Days on market

Built 2010 Good condition 0.26 ac lot $129/sqft · at area comps Est $183k · at est.

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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 +23.9/30.0
• ARV discount +8.2/15.0
• DSCR +7.7/10.0
• 1% rule +5.6/10.0
• Schools +5.3/10.0
• Condition / age +4.0/5.0
• Livability +3.3/5.0
• Rent growth +2.8/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

**IF YOU DIDN'T HAVE A CHANGE TO SNAG THIS HOME BEFORE NOW IS YOUR CHANCE** Welcome to 5308 Center Street — a beautifully renewed Ocean Springs home that blends comfort, style, and convenience in one of the Coast's most sought-after areas. This completely updated property features a brand-new roof, modern finishes throughout, and an inviting layout that feels bright, open, and effortless for everyday living. Step inside to find oversized bedrooms designed for true comfort, refreshed and stylish bathrooms, and living spaces filled with natural light. The kitchen offers clean lines, great cabinet space, and a seamless connection to the living area, making it easy to cook, gather, and entertain. Outside, the spacious yard gives you room to unwind, garden, or enjoy weekend get-togethers in privacy. Whether you're hosting friends or simply relaxing after a long day, this home provides the space and ease you're looking for. Located in the Ocean Springs School District and just minutes from beaches, dining, shopping, and quick access to Hwy 90, you'll enjoy a lifestyle that puts the best of the Gulf Coast right at your fingertips. If you've been searching for a move-in ready home in a prime location with all the major upgrades already done, this is the one. Schedule your showing today!

Key facts

• Oversized bedrooms
• Brand new roof
• Natural light

Tags

• BRAND NEW ROOF
• MODERN FINISHES
• OVERSIZED BEDROOMS
• REFRESHED BATHROOMS
• NATURAL LIGHT
• GREAT CABINET SPACE

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $180k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-77 ($-920/yr) — negative.
• To cash-flow at today's rent, offer at most $166k (7.5% below list).
• Meets the 1% rule at list price ($2k rent vs $180k).
• Recommended offer: $158k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.6% vs local median 4.2% in Gautier — 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 66/100 on livability (#89 in MS) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: health & safety D+, employment D, amenities 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); 723 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 16d 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 159 days — a 12% lower offer ($158k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 4y ago; this cycle's ask has dropped $15k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); 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 $158,400 (12.0% 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 159 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
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: 1.06% ✓
• Cap rate: 8.63%
• Cash-on-cash: 8.33%
• DSCR: 1.37
• GRM: 7.9

CMA / ARV

• ARV (median comp): $182,993
• List price: $180,000
• Delta: -1.64%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1020 Margaret St	0.24mi	2/1.5 (-1)	1,398 (-0%)	2mo	$219,000	$157	80
1003 Dorothy St	0.26mi	3/2.0	1,309 (-6%)	4mo	$265,000	$202	74
5029 Midway St	0.58mi	3/2.0	1,393 (-0%)	2mo	$198,000	$142	70
1129 Pine St	0.72mi	3/2.0	1,432 (+2%)	1mo	$245,000	$171	62
797 Peach St	0.64mi	2/2.0 (-1)	1,414 (+1%)	2mo	$289,000	$204	62
1026 Ash St	0.44mi	3/2.0	1,540 (+10%)	6mo	$207,500	$135	58
513 Oak St	0.71mi	3/2.0	1,470 (+5%)	4mo	$209,900	$143	55
829 Lime St	0.49mi	3/2.0	1,600 (+14%)	2mo	$139,900	$87	51
1116 Oak St	0.57mi	3/2.0	1,560 (+11%)	5mo	$244,900	$157	50
612 Oak St	0.62mi	3/2.0	1,565 (+12%)	2mo	$209,900	$134	49
520 Pine St	0.70mi	3/2.0	1,524 (+9%)	7mo	$195,000	$128	47
1131 Oak St	0.65mi	3/2.0	1,200 (-14%)	3mo	$193,900	$162	43

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: -21.6%
• Equity multiple: 0.27×
• Total profit: $-36,996
• Equity at exit: $26,839

10-year hold

• IRR: -21.1%
• Equity multiple: 0.00×
• Total profit: $-50,171
• Equity at exit: $15,563

Cash invested: $50,400 (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: 723
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $1,904 medium
• Mortgage (P&I): −$944
• Tax from tax record: −$135 /mo · $1,622/yr
• Insurance: −$75
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$400
• Net cashflow: $-77

Break-even live

Break-even rent $2,001

Max offer price $166,463

Occupancy floor 99%

Sensitivity live

Price	-10% $25	-5% $-26	+0% $-77	+5% $-128	+10% $-179
Rent	-10% $-227	-5% $-152	+0% $-77	+5% $-1	+10% $74
Rate	-1.0pp $14	-0.5pp $-31	base $-77	+0.5pp $-123	+1.0pp $-171

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: $45,000
• Closing costs: $5,400
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1105 Spruce St Ocean Springs, MS	3.0	2.0	1130	$1,550	$1.37	15d	1	0.79mi
1608 Hunt St Ocean Springs, MS	3.0	2.0	1550	$1,700	$1.10	45d	1	1.00mi
4304 Beach Blvd Ocean Springs, MS	2.0	1.0	1200	$2,200	$1.83	15d	1	1.05mi

Listing history 30 events

1. 2026-06-14
   statusdays on market $180,000 Pending 159 DOM
2. 2026-06-13
   days on market $180,000 Active 158 DOM
3. 2026-06-10
   days on market $180,000 Active 156 DOM
4. 2026-06-09
   days on market $180,000 Active 155 DOM
5. 2026-06-08
   days on market $180,000 Active 154 DOM
6. 2026-06-07
   days on market $180,000 Active 153 DOM
7. 2026-06-03
   price $180,000 Active 148 DOM
8. 2026-06-02
   days on market $185,000 Active 148 DOM
9. 2026-06-01
   days on market $185,000 Active 147 DOM
10. 2026-05-31
    days on market $185,000 Active 146 DOM
11. 2026-05-30
    days on market $185,000 Active 145 DOM
12. 2026-04-29
    price $185,000 1309-char remark

    Show marketing remark (1309 chars)

    **IF YOU DIDN'T HAVE A CHANGE TO SNAG THIS HOME BEFORE NOW IS YOUR CHANCE** Welcome to 5308 Center Street — a beautifully renewed Ocean Springs home that blends comfort, style, and convenience in one of the Coast's most sought-after areas. This completely updated property features a brand-new roof, modern finishes throughout, and an inviting layout that feels bright, open, and effortless for everyday living. Step inside to find oversized bedrooms designed for true comfort, refreshed and stylish bathrooms, and living spaces filled with natural light. The kitchen offers clean lines, great cabinet space, and a seamless connection to the living area, making it easy to cook, gather, and entertain. Outside, the spacious yard gives you room to unwind, garden, or enjoy weekend get-togethers in privacy. Whether you're hosting friends or simply relaxing after a long day, this home provides the space and ease you're looking for. Located in the Ocean Springs School District and just minutes from beaches, dining, shopping, and quick access to Hwy 90, you'll enjoy a lifestyle that puts the best of the Gulf Coast right at your fingertips. If you've been searching for a move-in ready home in a prime location with all the major upgrades already done, this is the one. Schedule your showing today!

13. 2026-04-29
    status Active 1309-char remark

    Show marketing remark (1309 chars)

    **IF YOU DIDN'T HAVE A CHANGE TO SNAG THIS HOME BEFORE NOW IS YOUR CHANCE** Welcome to 5308 Center Street — a beautifully renewed Ocean Springs home that blends comfort, style, and convenience in one of the Coast's most sought-after areas. This completely updated property features a brand-new roof, modern finishes throughout, and an inviting layout that feels bright, open, and effortless for everyday living. Step inside to find oversized bedrooms designed for true comfort, refreshed and stylish bathrooms, and living spaces filled with natural light. The kitchen offers clean lines, great cabinet space, and a seamless connection to the living area, making it easy to cook, gather, and entertain. Outside, the spacious yard gives you room to unwind, garden, or enjoy weekend get-togethers in privacy. Whether you're hosting friends or simply relaxing after a long day, this home provides the space and ease you're looking for. Located in the Ocean Springs School District and just minutes from beaches, dining, shopping, and quick access to Hwy 90, you'll enjoy a lifestyle that puts the best of the Gulf Coast right at your fingertips. If you've been searching for a move-in ready home in a prime location with all the major upgrades already done, this is the one. Schedule your showing today!

14. 2026-04-13
    status Pending 1309-char remark

    Show marketing remark (1309 chars)

    **IF YOU DIDN'T HAVE A CHANGE TO SNAG THIS HOME BEFORE NOW IS YOUR CHANCE** Welcome to 5308 Center Street — a beautifully renewed Ocean Springs home that blends comfort, style, and convenience in one of the Coast's most sought-after areas. This completely updated property features a brand-new roof, modern finishes throughout, and an inviting layout that feels bright, open, and effortless for everyday living. Step inside to find oversized bedrooms designed for true comfort, refreshed and stylish bathrooms, and living spaces filled with natural light. The kitchen offers clean lines, great cabinet space, and a seamless connection to the living area, making it easy to cook, gather, and entertain. Outside, the spacious yard gives you room to unwind, garden, or enjoy weekend get-togethers in privacy. Whether you're hosting friends or simply relaxing after a long day, this home provides the space and ease you're looking for. Located in the Ocean Springs School District and just minutes from beaches, dining, shopping, and quick access to Hwy 90, you'll enjoy a lifestyle that puts the best of the Gulf Coast right at your fingertips. If you've been searching for a move-in ready home in a prime location with all the major upgrades already done, this is the one. Schedule your showing today!

15. 2026-02-10
    price $189,900 1309-char remark

    Show marketing remark (1309 chars)

    **IF YOU DIDN'T HAVE A CHANGE TO SNAG THIS HOME BEFORE NOW IS YOUR CHANCE** Welcome to 5308 Center Street — a beautifully renewed Ocean Springs home that blends comfort, style, and convenience in one of the Coast's most sought-after areas. This completely updated property features a brand-new roof, modern finishes throughout, and an inviting layout that feels bright, open, and effortless for everyday living. Step inside to find oversized bedrooms designed for true comfort, refreshed and stylish bathrooms, and living spaces filled with natural light. The kitchen offers clean lines, great cabinet space, and a seamless connection to the living area, making it easy to cook, gather, and entertain. Outside, the spacious yard gives you room to unwind, garden, or enjoy weekend get-togethers in privacy. Whether you're hosting friends or simply relaxing after a long day, this home provides the space and ease you're looking for. Located in the Ocean Springs School District and just minutes from beaches, dining, shopping, and quick access to Hwy 90, you'll enjoy a lifestyle that puts the best of the Gulf Coast right at your fingertips. If you've been searching for a move-in ready home in a prime location with all the major upgrades already done, this is the one. Schedule your showing today!

16. 2025-11-24
    listed $195,000 Active 1309-char remark

    Show marketing remark (1309 chars)

    **IF YOU DIDN'T HAVE A CHANGE TO SNAG THIS HOME BEFORE NOW IS YOUR CHANCE** Welcome to 5308 Center Street — a beautifully renewed Ocean Springs home that blends comfort, style, and convenience in one of the Coast's most sought-after areas. This completely updated property features a brand-new roof, modern finishes throughout, and an inviting layout that feels bright, open, and effortless for everyday living. Step inside to find oversized bedrooms designed for true comfort, refreshed and stylish bathrooms, and living spaces filled with natural light. The kitchen offers clean lines, great cabinet space, and a seamless connection to the living area, making it easy to cook, gather, and entertain. Outside, the spacious yard gives you room to unwind, garden, or enjoy weekend get-togethers in privacy. Whether you're hosting friends or simply relaxing after a long day, this home provides the space and ease you're looking for. Located in the Ocean Springs School District and just minutes from beaches, dining, shopping, and quick access to Hwy 90, you'll enjoy a lifestyle that puts the best of the Gulf Coast right at your fingertips. If you've been searching for a move-in ready home in a prime location with all the major upgrades already done, this is the one. Schedule your showing today!

17. 2025-08-25
    price $194,900
18. 2025-08-25
    status Active
19. 2025-08-15
    status Pending
20. 2025-08-15
    historical
21. 2025-05-16
    price $189,975
22. 2025-04-10
    price $199,975
23. 2025-03-13
    price $209,975
24. 2025-03-13
    listed $2,096,975 Active
25. 2025-02-27
    historical
26. 2025-01-21
    price $214,000
27. 2024-11-29
    listed $225,000 Active
28. 2022-05-13
    soldstatus Closed
29. 2022-03-21
    status Pending
30. 2022-03-15
    listed $130,000 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: $1,622 · $135/mo
• Projected year-2 tax: $1,622 · $135/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 7/10 Severe FEMA zone AE · 76% 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 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,845
• − Mortgage interest: −$10,083
• − Property taxes: −$1,622
• − Insurance: −$6,018
• − Repairs & maintenance: −$1,828
• − Management: −$1,828
• − Depreciation: −$5,236
• Taxable loss: −$3,769
• Est. tax savings @ 24.0%: +$905
• After-tax cash flow: $-15/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 · 12 photos

Good 80/100 Cosmetic rehab

This beautifully updated home in Ocean Springs offers modern finishes, a brand-new roof, and a well-maintained exterior, making it a move-in-ready property with excellent curb appeal.

Value-add opportunities

• Both Landscaping improvements — Enhances curb appeal and adds value
• Both Add a small patio or deck — Expands outdoor living space and increases appeal

Renovation cost estimate screening

Value-add ROI direction

• Both Landscaping improvements — Enhances curb appeal and adds value ↑
• Both Add a small patio or deck — Expands outdoor living space and increases appeal ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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 — Gautier

• Score: 66/100
• State rank: #89
• US rank: #11250

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• 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

+42.3% since first listed

19 events — show timeline

• 2026-04-29 Price Changed $185,000 MLSU
• 2026-04-29 Relisted — MLSU
• 2026-04-13 Pending — MLSU
• 2026-02-10 Price Changed $189,900 MLSU
• 2025-11-24 Listed $195,000 MLSU
• 2025-08-25 Price Changed $194,900 MLSU
• 2025-08-25 Relisted — MLSU
• 2025-08-15 Pending — MLSU
• 2025-08-15 Listing Removed — MLSU
• 2025-05-16 Price Changed $189,975 MLSU
• 2025-04-10 Price Changed $199,975 MLSU
• 2025-03-13 Price Changed $209,975 MLSU
• 2025-03-13 Listed $2,096,975 MLSU
• 2025-02-27 Listing Removed — MLSU
• 2025-01-21 Price Changed $214,000 MLSU
• 2024-11-29 Listed $225,000 MLSU
• 2022-05-13 Sold (MLS) — MLSU
• 2022-03-21 Pending — MLSU
• 2022-03-15 Listed $130,000 MLSU

Property tax history

+1.9%/yr

Latest (2025): $1,622 · +5.0% YoY. Source: county tax records.