2830 Palmer Dr Unit B7 · Gulfport, MS
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 2/10 · Minimal
- Est. fire insurance / yr
- $1,241 – $2,305
Heat risk 10/10 · Severe
- Hot days now (above 105°F)
- 7 days/yr
- Hot days in 30 yrs
- 23 days/yr
Wind risk 9/10 · Severe
- Chance of severe wind over 30 yrs
- 99.0%
Air-quality risk 3/10 · Minor
- Unhealthy air days now
- 2 days/yr
- Unhealthy air days in 30 yrs
- 3 days/yr
Risk factors via First Street. Map © Google.
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
🖨 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
Neighborhood map
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.
Questions for the listing agent
- 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?
- 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?
- What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
- 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?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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?
- 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.
- 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.
- 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
- IRR
- -20.9%
- Equity multiple
- 0.26×
- Total profit
- $-45,186
- Equity at exit
- $32,654
- 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
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
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$437
- Net cashflow
- $-198
Break-even live
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
- Club membership (one-time)
- —
- 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
| Address | Beds | Baths | Sqft | Rent | $/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
-
2026-08-08days on market $219,000 Active 124 DOM
-
2026-08-07days on market $219,000 Active 123 DOM
-
2026-08-06days on market $219,000 Active 122 DOM
-
2026-08-05days on market $219,000 Active 121 DOM
-
2026-08-04days on market $219,000 Active 120 DOM
-
2026-08-03days on market $219,000 Active 119 DOM
-
2026-07-31days on market $219,000 Active 116 DOM
-
2026-07-30days on market $219,000 Active 115 DOM
-
2026-07-29days on market $219,000 Active 114 DOM
-
2026-07-27days on market $219,000 Active 112 DOM
-
2026-07-25days on market $219,000 Active 110 DOM
-
2026-07-24days on market $219,000 Active 109 DOM
-
2026-07-23days on market $219,000 Active 108 DOM
-
2026-07-22days on market $219,000 Active 107 DOM
-
2026-07-21days on market $219,000 Active 106 DOM
-
2026-07-18days on market $219,000 Active 103 DOM
-
2026-07-16days on market $219,000 Active 101 DOM
-
2026-07-16days on market $219,000 Active 100 DOM
-
2026-07-14days on market $219,000 Active 99 DOM
-
2026-07-13days on market $219,000 Active 98 DOM
-
2026-07-12days on market $219,000 Active 97 DOM
-
2026-07-11days on market $219,000 Active 96 DOM
-
2026-07-10days on market $219,000 Active 95 DOM
-
2026-07-09days on market $219,000 Active 94 DOM
-
2026-07-08days on market $219,000 Active 93 DOM
-
2026-07-07days on market $219,000 Active 92 DOM
-
2026-07-06days on market $219,000 Active 91 DOM
-
2026-07-05days on market $219,000 Active 90 DOM
-
2026-07-04days on market $219,000 Active 89 DOM
-
2026-07-03days on market $219,000 Active 88 DOM
-
2026-07-02days on market $219,000 Active 87 DOM
-
2026-07-01days on market $219,000 Active 86 DOM
-
2026-06-30days on market $219,000 Active 85 DOM
-
2026-06-29days on market $219,000 Active 84 DOM
-
2026-06-28days on market $219,000 Active 83 DOM
-
2026-06-28days on market $219,000 Active 82 DOM
-
2026-06-27days on market $219,000 Active 81 DOM
-
2026-06-25days on market $219,000 Active 79 DOM
-
2026-06-23days on market $219,000 Active 77 DOM
-
2026-06-22days on market $219,000 Active 76 DOM
-
2026-06-18days on market $219,000 Active 73 DOM
-
2026-06-17days on market $219,000 Active 72 DOM
-
2026-06-16days on market $219,000 Active 71 DOM
-
2026-06-15days on market $219,000 Active 70 DOM
-
2026-06-14days on market $219,000 Active 68 DOM
-
2026-06-13days on market $219,000 Active 67 DOM
-
2026-06-10days on market $219,000 Active 65 DOM
-
2026-06-09days on market $219,000 Active 64 DOM
-
2026-06-08days on market $219,000 Active 63 DOM
-
2026-06-07days 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
- 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
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.
Zoned Schools
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
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
- 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
- —
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
1 event — show timeline
- 2026-04-06 Listed $219,000 MLSU
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…