215 Ridgeway Dr · Gulfport, MS 39507

$149,900

2 bd · 1.0 ba · 1,018 sqft · SingleFamily public records · 206 Days on market

Built 1963 0.25 ac lot $147/sqft · at area comps Est $149k · at est. ↓ 6% since listing

---

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 +15.0/30.0
• ARV discount +7.4/15.0
• DSCR +4.6/10.0
• Livability +3.7/5.0
• Rent growth +3.6/5.0
• 1% rule +3.5/10.0
• Schools +3.4/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this move-in ready gem situated on a spacious corner lot, just under a quarter acre, in the highly sought-after Bayou View School District. This well-maintained home offers an inviting layout with plenty of natural light and beautiful french doors. Versatile bonus room could easily serve as a third bedroom, office, or hobby space. The fenced back yard provides great outdoor space for entertaining or relaxing & the convenient carport adds extra value and functionality. This property could be ideal for first time home buyer's or investors looking for a solid, well-kept home in a fantastic location.

Key facts

• Fenced back yard
• Bonus room
• Carport

Tags

• CORNER LOT
• FENCED BACK YARD
• BONUS ROOM
• CARPORT

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $46 ($547/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 $128k (14.8% below list).
• Recommended offer: $128k (14.8% below list) — sets the bar for 1% rule.
• Cap rate 6.7% 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: 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: Bayou View Elementary School (math 78% / reading 83%, grade A+, #2 of 375 statewide, top 0%, 682 students, 100% FRL); Bayou View Middle School (math 54% / reading 49%, grade C, #27 of 179 statewide, top 16%, 826 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.
• Zoned-school proficiency averages 57% at this address vs 42% district-wide (+16 pts) — the actual schools serving this property are materially stronger than the Gulfport School District average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: Rents rising fast (+4.3%/yr); 301 active listings in the ZIP; 19 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 42% 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).

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

• It's been on market 206 days — a 12% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $10k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: moderate flood risk; 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 $127,774 (14.8% below list)

Questions for the listing agent

1. It's been on market 206 days. Have you received any prior offers? Is the seller open to a 15% concession, seller financing, or rate buy-down credit?
2. Built in 1963 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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 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?
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: 0.85% ✗
• Cap rate: 6.66%
• Cash-on-cash: 1.30%
• DSCR: 1.06
• GRM: 9.8

CMA / ARV

• ARV (median comp): $149,481
• List price: $149,900
• Delta: 0.28%
• 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
4000 Chamberlain Ave	0.07mi	3/1.0 (+1)	1,034 (+2%)	7mo	$139,000	$134	84
4002 Chamberlain Ave	0.07mi	3/1.0 (+1)	1,086 (+7%)	7mo	$115,000	$106	75
219 41st St	0.07mi	3/1.0 (+1)	1,023 (+0%)	24mo	$154,900	$151	72
302 42nd St	0.20mi	3/1.0 (+1)	1,000 (-2%)	13mo	$60,000	$60	71
3900 Belmede Dr	0.28mi	3/1.5 (+1)	1,030 (+1%)	9mo	$126,000	$122	70
38 37th St	0.45mi	3/1.0 (+1)	1,000 (-2%)	11mo	$109,000	$109	62
3911 Belmede Dr	0.21mi	2/1.5	896 (-12%)	10mo	$159,000	$177	60
214 41st St	0.09mi	2/1.0	900 (-12%)	21mo	$138,000	$153	59
3716 Belmede Dr	0.31mi	3/1.0 (+1)	1,064 (+4%)	24mo	$135,000	$127	53
3607 Washington Ave	0.45mi	3/1.0 (+1)	924 (-9%)	15mo	$94,900	$103	46
331 Commerce St	0.65mi	2/1.0	900 (-12%)	8mo	$150,000	$167	44
3500 Belmede Dr	0.53mi	3/1.0 (+1)	912 (-10%)	22mo	$126,900	$139	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 · 4.26% rent growth · sell at horizon

5-year hold

• IRR: -12.9%
• Equity multiple: 0.53×
• Total profit: $-19,774
• Equity at exit: $22,351

10-year hold

• IRR: -2.2%
• Equity multiple: 0.84×
• Total profit: $-6,679
• Equity at exit: $12,961

Cash invested: $41,972 (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 39507

• Home prices YoY: -27.1%
• Rents YoY: 4.3%
• Active inventory: 301
• Price-to-rent: 9.8×

Monthly cashflow live

• Estimated rent: $1,278 high
• Mortgage (P&I): −$786
• Tax from tax record: −$115 /mo · $1,384/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$268
• Net cashflow: $46

Break-even live

Break-even rent $1,220

Max offer price $149,900

Occupancy floor 91%

Sensitivity live

Price	-10% $130	-5% $88	+0% $46	+5% $3	+10% $-39
Rent	-10% $-55	-5% $-5	+0% $46	+5% $96	+10% $146
Rate	-1.0pp $121	-0.5pp $84	base $46	+0.5pp $7	+1.0pp $-33

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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Rent comps 19 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
200 Commerce St Gulfport, MS	2.0	1.0	900	$1,100	$1.22	23d	1	0.52mi
3503 Hancock Ave Gulfport, MS	2.0	2.5	1100	$1,100	$1.00	23d	1	0.61mi
3209 F Ave Gulfport, MS	2.0	1.0	1000	$850	$0.85	45d	1	0.69mi
4801 Jefferson Ave Gulfport, MS	3.0	2.0	1072	$1,800	$1.68	23d	1	0.79mi
980 Courthouse Rd Unit 1605 Gulfport, MS	2.0	2.0	1227	$1,355	$1.10	23d	1	0.80mi
980 Courthouse Rd Unit 0426 Gulfport, MS	1.0	1.0	892	$1,539	$1.73	45d	1	0.80mi
980 Courthouse Rd Unit 0829 Gulfport, MS	1.0	1.0	892	$1,160	$1.30	45d	1	0.80mi
980 Courthouse Rd Apt 512 Gulfport, MS	1.0	1.0	892	$1,209	$1.36	23d	1	0.80mi
980 Courthouse Rd Unit 0409 Gulfport, MS	1.0	1.0	892	$1,139	$1.28	15d	1	0.80mi
124 30th 1/2 St Gulfport, MS	2.0	1.5	1007	$1,100	$1.09	45d	1	0.91mi
1618 Courthouse Rd Gulfport, MS	3.0	1.0	1168	$1,400	$1.20	45d	1	0.96mi
1400 Mill Rd Gulfport, MS	2.0	2.5	1290	$2,550	$1.98	45d	1	1.17mi
2823 6th Ave Unit A Gulfport, MS	3.0	2.0	1100	$1,100	$1.00	23d	1	1.24mi
3333 12th Ave Unit 6 Gulfport, MS	2.0	2.5	1000	$899	$0.90	45d	1	1.35mi
3333 12th Ave Gulfport, MS	2.0	2.0	1000	$899	$0.90	45d	1	1.35mi
477 Tegarden Rd Unit D Gulfport, MS	3.0	2.0	1300	$1,300	$1.00	15d	1	1.36mi
2706 6th Ave Gulfport, MS	3.0	2.0	1217	$1,300	$1.07	23d	1	1.38mi
1224 29th St Gulfport, MS	2.0	2.0	1050	$1,155	$1.10	15d	1	1.39mi
1114 Washington Ave Gulfport, MS	3.0	2.0	1200	$1,350	$1.12	23d	1	1.50mi

Listing history 20 events

1. 2026-06-22
   days on market $149,900 Active 206 DOM
2. 2026-06-18
   days on market $149,900 Active 203 DOM
3. 2026-06-17
   days on market $149,900 Active 202 DOM
4. 2026-06-16
   days on market $149,900 Active 201 DOM
5. 2026-06-15
   days on market $149,900 Active 200 DOM
6. 2026-06-14
   days on market $149,900 Active 198 DOM
7. 2026-06-13
   days on market $149,900 Active 197 DOM
8. 2026-06-10
   days on market $149,900 Active 195 DOM
9. 2026-06-09
   days on market $149,900 Active 194 DOM
10. 2026-06-08
    days on market $149,900 Active 193 DOM
11. 2026-06-07
    days on market $149,900 Active 192 DOM
12. 2026-06-05
    days on market $149,900 Active 189 DOM
13. 2026-06-02
    days on market $149,900 Active 187 DOM
14. 2026-06-01
    days on market $149,900 Active 186 DOM
15. 2026-05-31
    days on market $149,900 Active 185 DOM
16. 2026-05-30
    days on market $149,900 Active 184 DOM
17. 2026-04-07
    status Active 618-char remark

    Show marketing remark (618 chars)

    Welcome to this move-in ready gem situated on a spacious corner lot, just under a quarter acre, in the highly sought-after Bayou View School District. This well-maintained home offers an inviting layout with plenty of natural light and beautiful french doors. Versatile bonus room could easily serve as a third bedroom, office, or hobby space. The fenced back yard provides great outdoor space for entertaining or relaxing & the convenient carport adds extra value and functionality. This property could be ideal for first time home buyer's or investors looking for a solid, well-kept home in a fantastic location.

18. 2026-03-16
    status Pending 618-char remark

    Show marketing remark (618 chars)

    Welcome to this move-in ready gem situated on a spacious corner lot, just under a quarter acre, in the highly sought-after Bayou View School District. This well-maintained home offers an inviting layout with plenty of natural light and beautiful french doors. Versatile bonus room could easily serve as a third bedroom, office, or hobby space. The fenced back yard provides great outdoor space for entertaining or relaxing & the convenient carport adds extra value and functionality. This property could be ideal for first time home buyer's or investors looking for a solid, well-kept home in a fantastic location.

19. 2026-03-11
    price $149,900 618-char remark

    Show marketing remark (618 chars)

    Welcome to this move-in ready gem situated on a spacious corner lot, just under a quarter acre, in the highly sought-after Bayou View School District. This well-maintained home offers an inviting layout with plenty of natural light and beautiful french doors. Versatile bonus room could easily serve as a third bedroom, office, or hobby space. The fenced back yard provides great outdoor space for entertaining or relaxing & the convenient carport adds extra value and functionality. This property could be ideal for first time home buyer's or investors looking for a solid, well-kept home in a fantastic location.

20. 2025-11-05
    listed $159,900 Active 618-char remark

    Show marketing remark (618 chars)

    Welcome to this move-in ready gem situated on a spacious corner lot, just under a quarter acre, in the highly sought-after Bayou View School District. This well-maintained home offers an inviting layout with plenty of natural light and beautiful french doors. Versatile bonus room could easily serve as a third bedroom, office, or hobby space. The fenced back yard provides great outdoor space for entertaining or relaxing & the convenient carport adds extra value and functionality. This property could be ideal for first time home buyer's or investors looking for a solid, well-kept home in a fantastic location.

ⓘ 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: $1,384 · $115/mo
• Projected year-2 tax: $1,384 · $115/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 5/10 Major FEMA zone X (shaded) · 40% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°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: $15,333
• − Mortgage interest: −$8,397
• − Property taxes: −$1,384
• − Insurance: −$750
• − Repairs & maintenance: −$1,227
• − Management: −$1,227
• − Depreciation: −$4,361
• Taxable loss: −$2,011
• Est. tax savings @ 24.0%: +$483
• After-tax cash flow: $1,029/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): 18,564
• Household income: $54,657
• Rent vs Own: 44.3% rent · 55.7% own
• Severe rent burden: 1059.0

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: Majority White (65%)
• Race & ethnicity: White 65% Black 24% Hispanic / Latino 6% Two or more races 5% Asian 1%
• Hispanic origin (detail): Mexican 2% Cuban 1%
• Common ancestry: Slovak 4% Lithuanian 4% Romanian 2%
• Foreign-born: 4% · Canada
• Languages at home: 94% English-only · Spanish 2% French/Haitian/Cajun 2% 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: ▼ -67.48%
• Current HPI: 181.6606
• Rent YoY: ▲ 4.26%
• Metro: Gulfport-Biloxi, MS
• State GDP YoY: —
• F500 in state: 0

Price history

-6.3% since first listed

4 events — show timeline

• 2026-04-07 Relisted — MLSU
• 2026-03-16 Pending — MLSU
• 2026-03-11 Price Changed $149,900 MLSU
• 2025-11-05 Listed $159,900 MLSU

Property tax history

+1.4%/yr

Latest (2025): $1,384 · +2.8% YoY. Source: county tax records.