CashFlowRE
Sign in Sign up
2830 Palmer Dr Unit B7
D+ Composite 46.13
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).

  • ARV discount +15.0/15.0
  • Cash flow +8.4/30.0
  • Schools +4.8/10.0
  • 1% rule +4.5/10.0
  • Condition / age +4.0/5.0
  • Livability +3.7/5.0
  • Rent growth +3.6/5.0
  • DSCR +2.3/10.0
  • Appreciation +0.0/10.0

$219,000

2830 Palmer Dr Unit B7 · Gulfport, MS 39507
3 bd · 2.5 ba · 1,910 sqft · Condo · 124 Days on market
Built 2007 Good condition Garage $115/sqft · 22% below area Est $279k · 22% under $330/mo HOA · 16% of rent

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks

Just 0.6 miles from the beach, this beautifully positioned condo offers effortless access to the beach and breathtaking Gulf views. Ideally located near some of the Coast's best destinations, you're only minutes from vibrant shopping at Crossroads Shopping Center (8.6 miles) and The Promenade in D'Iberville (9.6 miles), along with nearby casinos, dining, and entertainment in Downtown Biloxi (7.3 miles) and Downtown Gulfport (6.6 miles). This fully furnished, move-in-ready condo features three spacious bedrooms and two and a half baths, making it perfect for a primary residence, vacation getaway, or income-producing rental.

Key facts

  • Stunning gulf views
  • Double garage
  • Fully furnished

Tags

STUNNING GULF VIEWSDOUBLE GARAGEFULLY FURNISHEDCOMPREHENSIVE HOA COVERAGE

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 3-bed/2.5-bath condo listed at $219k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $-198 ($-2k/yr) — negative.
  • To cash-flow at today's rent, offer at most $190k (13.1% below list).
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $208k (4.9% below list).
  • Recommended offer: $190k (13.1% below list) — sets the bar for cash-flow.

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: Anniston Avenue Elementary School (math 52% / reading 53%, grade C-, #53 of 375 statewide, top 14%, 535 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.
  • Market conditions: Rents rising fast (+4.3%/yr); 357 active listings in the ZIP; 21 comparable units currently listed for rent nearby; rentals lingering (median 93d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% 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).
  • At $2,083/mo this rent would consume 46% of the median local household income ($55k/yr) — 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 $2k of loan paydown is wiped out by about $7k 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 124 days — a 12% lower offer ($193k) 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→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $190,358 (13.1% 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 124 days. Have you received any prior offers? Is the seller open to a 13% concession, seller financing, or rate buy-down credit?
  3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
  5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  7. 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?
  8. 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?
  9. 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.
  10. 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.
  11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

1% rule
0.95%
Cap rate
5.21%
Cash-on-cash
-3.87%
DSCR
0.83
GRM
8.8

CMA / ARV

ARV (median comp)
$279,225
List price
$219,000
Delta
-21.57%
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
323 Carter Rd 1.36mi 3/3.0 1,930 (+1%) 1mo $257,900 $134 60
385 Lakeview Blvd 0.90mi 2/2.0 (-1) 1,886 (-1%) 0mo $219,000 $116 56
1277 John Evans Dr 1.15mi 3/2.0 2,000 (+5%) 0mo $450,000 $225 55
136 Debuys Rd 0.42mi 3/2.5 1,521 (-20%) 1mo $274,900 $181 54
2556 Audubon Pl 1.02mi 3/2.0 1,799 (-6%) 1mo $250,000 $139 52
2252 Beach Dr #701 0.32mi 2/2.0 (-1) 1,501 (-21%) 2mo $269,911 $180 52
2230 Beach Dr #404 0.46mi 3/2.0 1,601 (-16%) 1mo $449,000 $280 50
251 Rue Petit Bois 0.78mi 4/2.5 (+1) 2,100 (+10%) 0mo $206,000 $98 43
1351 Redfish Dr 1.48mi 4/3.0 (+1) 2,092 (+10%) 1mo $334,925 $160 41
2004 Collins Blvd 1.50mi 3/1.5 1,656 (-13%) 1mo $115,000 $69 38
2412 Collins Blvd 0.91mi 3/2.0 1,525 (-20%) 1mo $165,000 $108 37
427 Christi Ln 1.30mi 4/2.0 (+1) 2,245 (+18%) 0mo $335,000 $149 33

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
-20.9%
Equity multiple
0.26×
Total profit
$-45,186
Equity at exit
$32,654
10-year hold
IRR
-10.9%
Equity multiple
0.29×
Total profit
$-43,372
Equity at exit
$18,935

Cash invested: $61,320 (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.

Active competition Active MLS

For sale now
0 active · 3 under contract

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

ZIP-level market 39507

Home prices YoY
-27.1%
Rents YoY
4.3%
Active inventory
357
Price-to-rent
8.8×

Monthly cashflow live

Estimated rent
$2,083 high interval (Pro) →
Mortgage (P&I)
$1,148
Tax est. 1.5%
$274 /mo · $3,285/yr
Insurance
$91
HOA
$330
Vacancy / Maint / Mgmt
$437
Net cashflow
$-198

Break-even live

Break-even rent $2,333
Max offer price $190,358
Occupancy floor

Sensitivity live

Price -10% $-47 -5% $-122 +0% $-198 +5% $-274 +10% $-349
Rent -10% $-362 -5% $-280 +0% $-198 +5% $-116 +10% $-33
Rate -1.0pp $-88 -0.5pp $-142 base $-198 +0.5pp $-255 +1.0pp $-312

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
$54,750
Closing costs
$6,570
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 21 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
2252 Beach Dr Gulfport, MS 3.0 2.0 1691 $2,800 $1.66 93d 1 0.29mi
2610 Demaret Dr Gulfport, MS 4.0 1.5 1700 $1,995 $1.17 93d 1 0.34mi
2230 Beach Dr Gulfport, MS 3.0 3.0 1852 $3,195 $1.73 93d 1 0.43mi
2228 Beach Dr Gulfport, MS 2.0 2.0 1279 $2,895 $2.26 70d 1 0.46mi
2420 Demaret Dr Gulfport, MS 4.0 2.0 1600 $1,800 $1.12 93d 1 0.56mi
2668 Beach Blvd Biloxi, MS 3.0 3.0 1813 $2,900 $1.60 62d 1 0.62mi
2668 Beach Blvd Biloxi, MS 2.0 2.0 1392 $2,300 $1.65 93d 1 0.62mi
2255 Switzer Rd Gulfport, MS 1.0–3.0 1.0–2.0 1072 $1,500 $1.40 62d 12 0.68mi
938 Jefferson Dr Gulfport, MS 2.0 1.5 1290 $1,375 $1.07 70d 1 0.75mi
936 Jefferson Dr Gulfport, MS 2.0 1.5 1290 $1,375 $1.07 70d 1 0.75mi
894 Jefferson Dr Gulfport, MS 3.0 2.5 1541 $1,675 $1.09 93d 1 0.75mi
918 Jefferson Dr Gulfport, MS 2.0 1.5 1301 $1,375 $1.06 93d 1 0.75mi
928 Jefferson Dr Gulfport, MS 2.0 1.5 1301 $1,375 $1.06 93d 1 0.75mi
924 Jefferson Dr Gulfport, MS 3.0 2.5 1613 $1,675 $1.04 93d 1 0.75mi
910 Jefferson Dr Gulfport, MS 3.0 2.5 1613 $1,675 $1.04 93d 1 0.75mi
2795 Eula Rd Biloxi, MS 3.0 2.5 1550 $1,800 $1.16 62d 1 0.76mi
2589 Santa Rosa Cv Biloxi, MS 3.0 2.0 1787 $2,500 $1.40 93d 1 0.83mi
2589 Santa Rosa Cv Biloxi, MS 3.0 2.0 1787 $2,500 $1.40 70d 1 0.83mi
151 Grande View Dr Biloxi, MS 1.0–3.0 1.0–2.0 1268 $1,889 $1.49 62d 23 1.13mi
1525 E Pass Rd Gulfport, MS 1.0–3.0 1.0–2.0 1070 $1,519 $1.42 70d 1 1.23mi
2436 Beach Blvd Biloxi, MS 3.0 2.0 1260 $975 $0.77 93d 1 1.47mi

Property features AI

Finance

HOA & community
Association with a monthly fee of $330HOA fee covers insurance and grounds maintenance

Exterior

Parking
Attached garage with 1 garage spaceCarport spaces for 11 vehiclesParking lot
Utilities
Public waterPublic sewerElectricity connectedCable available
Home design
CondominiumTwo levelsSlab foundation
Construction
Brick and stucco constructionAsphalt shingle roofBuilt (year from public records)
Exterior features
Exterior lightingBarn(s) on the property

Interior

Kitchen
DisposalElectric rangeMicrowaveRefrigerator
Bedrooms
Upper level bedrooms
Flooring
Luxury vinylCeramic tilePainted/stained finishes
Bathrooms
2 full bathrooms1 half bathroom
Heating & cooling
Central heatingCentral air conditioningCeiling fans for cooling
Interior features
Breakfast barCeiling fansDouble vanityGranite countersHigh ceilingsPantryRecessed lightingWalk-in closetsBlinds on windowsElectric fireplace in the living room
Laundry & utility
Washer and dryer hookupsElectric dryer hookupLaundry roomLaundry located in hall and inside (upper level)

HOA detail $330/mo · $3,960/yr condo

Assessments
None detected in remarks — confirm with the listing agent.

Listing history 50 events

  1. 2026-08-08
    days on market $219,000 Active 124 DOM
  2. 2026-08-07
    days on market $219,000 Active 123 DOM
  3. 2026-08-06
    days on market $219,000 Active 122 DOM
  4. 2026-08-05
    days on market $219,000 Active 121 DOM
  5. 2026-08-04
    days on market $219,000 Active 120 DOM
  6. 2026-08-03
    days on market $219,000 Active 119 DOM
  7. 2026-07-31
    days on market $219,000 Active 116 DOM
  8. 2026-07-30
    days on market $219,000 Active 115 DOM
  9. 2026-07-29
    days on market $219,000 Active 114 DOM
  10. 2026-07-27
    days on market $219,000 Active 112 DOM
  11. 2026-07-25
    days on market $219,000 Active 110 DOM
  12. 2026-07-24
    days on market $219,000 Active 109 DOM
  13. 2026-07-23
    days on market $219,000 Active 108 DOM
  14. 2026-07-22
    days on market $219,000 Active 107 DOM
  15. 2026-07-21
    days on market $219,000 Active 106 DOM
  16. 2026-07-18
    days on market $219,000 Active 103 DOM
  17. 2026-07-16
    days on market $219,000 Active 101 DOM
  18. 2026-07-16
    days on market $219,000 Active 100 DOM
  19. 2026-07-14
    days on market $219,000 Active 99 DOM
  20. 2026-07-13
    days on market $219,000 Active 98 DOM
  21. 2026-07-12
    days on market $219,000 Active 97 DOM
  22. 2026-07-11
    days on market $219,000 Active 96 DOM
  23. 2026-07-10
    days on market $219,000 Active 95 DOM
  24. 2026-07-09
    days on market $219,000 Active 94 DOM
  25. 2026-07-08
    days on market $219,000 Active 93 DOM
  26. 2026-07-07
    days on market $219,000 Active 92 DOM
  27. 2026-07-06
    days on market $219,000 Active 91 DOM
  28. 2026-07-05
    days on market $219,000 Active 90 DOM
  29. 2026-07-04
    days on market $219,000 Active 89 DOM
  30. 2026-07-03
    days on market $219,000 Active 88 DOM
  31. 2026-07-02
    days on market $219,000 Active 87 DOM
  32. 2026-07-01
    days on market $219,000 Active 86 DOM
  33. 2026-06-30
    days on market $219,000 Active 85 DOM
  34. 2026-06-29
    days on market $219,000 Active 84 DOM
  35. 2026-06-28
    days on market $219,000 Active 83 DOM
  36. 2026-06-28
    days on market $219,000 Active 82 DOM
  37. 2026-06-27
    days on market $219,000 Active 81 DOM
  38. 2026-06-25
    days on market $219,000 Active 79 DOM
  39. 2026-06-23
    days on market $219,000 Active 77 DOM
  40. 2026-06-22
    days on market $219,000 Active 76 DOM
  41. 2026-06-18
    days on market $219,000 Active 73 DOM
  42. 2026-06-17
    days on market $219,000 Active 72 DOM
  43. 2026-06-16
    days on market $219,000 Active 71 DOM
  44. 2026-06-15
    days on market $219,000 Active 70 DOM
  45. 2026-06-14
    days on market $219,000 Active 68 DOM
  46. 2026-06-13
    days on market $219,000 Active 67 DOM
  47. 2026-06-10
    days on market $219,000 Active 65 DOM
  48. 2026-06-09
    days on market $219,000 Active 64 DOM
  49. 2026-06-08
    days on market $219,000 Active 63 DOM
  50. 2026-06-07
    days on market $219,000 Active 62 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 2/10 Low
  • 🌡 Heat 10/10 Extreme 7 d/yr ≥105°F today · 23 d/yr by 30 yrs out
  • 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
  • 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$24,995
− Mortgage interest
−$12,267
− Property taxes
−$3,285
− Insurance
−$1,095
− Repairs & maintenance
−$2,000
− Management
−$2,000
− HOA
−$3,960
− Depreciation
−$6,371
Taxable loss
−$5,982
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$1,436
After-tax cash flow
$-939/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 Est. rehab $9,550–$28,650 screening

This move-in-ready condo is in good condition with a fresh paint job and well-maintained interior. It offers a great location and potential for value-adding improvements.

Value-add opportunities

  • Both Paint the exterior siding — Fresh paint can enhance curb appeal and property value
  • Both Replace the fireplace screen — A clean and functional fireplace can add to the home's appeal
  • Both Install new window treatments — New treatments can improve energy efficiency and aesthetics
  • Both Upgrade the kitchen appliances — Modern appliances can increase the home's value and appeal to potential buyers

ⓘ 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 48/100

Zoned Schools

Elementary Anniston Avenue Elementary School C- MS #53/375 Nat'l #11,114/41,679 Middle Bayou View Middle School C MS #27/179 Nat'l #3,192/14,009 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)
18,564
Household income
$54,657
Rent vs Own
44.3% rent · 55.7% own
Severe rent burden
8% of renters

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

Price history

1 event — show timeline
  • 2026-04-06 Listed $219,000 MLSU

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…