10968 Ala Moana St · Diamondhead, MS 39525

$275,000

3 bd · 2.0 ba · 1,836 sqft · SingleFamily public records · 17 Days on market

Built 2006 8,276 sqft lot Est $277k · at est. $85/mo HOA · 4% of rent

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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 +14.6/30.0
• ARV discount +7.9/15.0
• DSCR +4.5/10.0
• Schools +3.9/10.0
• Livability +3.4/5.0
• 1% rule +3.2/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

QUALITY CONSTRUCTION, 2 x 6 EXTERIOR WALLS, GRANITE, CUSTOM CABINETS, TILE, JACUZZI MBR, WOOD FLOORING W/ CARPET INLAY IN LIVING ROOM, BUILTIN DESK W/ GRANITE, CROWN MOLDING, ROUNDED SHEETROCK CORNERS, STEP CEILINGS IN LIVING AND MASTER, ARCHED DOOR OPENINGS,TWO CAR GARAGE,ALL BRICK.

Key facts

• Eat in kitchen
• Barn door
• Trey ceiling

Tags

• SPLIT BEDROOM PLAN
• CERAMIC TILE
• EAT IN KITCHEN
• INSIDE LAUNDRY ROOM
• TREY CEILING
• BARN DOOR

Property features AI

Finance

• HOA & community: Homeowners association with $85 monthly fee; Community amenities: boating, clubhouse, golf, hiking/walking trails, playground, pool, RV/boat storage, sports fields, tennis courts

Exterior

• Parking: 2-car garage; Driveway
• Security: Smoke detectors
• Utilities: Public water; Public sewer; Cable available
• Home design: Single-family house; One level
• Construction: Brick and stucco exterior; Architectural shingle roof; Slab foundation; Built information from assessor
• Exterior features: Deck; Patio; Screened porch; Private yard; Wood fencing in back yard

Interior

• Kitchen: Dishwasher; Disposal; Electric range; Microwave; Refrigerator; Granite counters; Kitchen island; Eat-in kitchen; Double vanity
• Bedrooms: Dining room noted as a main room
• Flooring: Ceramic tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating; Heat pump; Electric cooling; Heat pump cooling
• Interior features: Ceiling fans; Crown molding; Eat-in kitchen; Granite counters; High ceilings; Kitchen island; Tray ceilings; Double vanity; His and hers closets; Walk-in closets
• Laundry & utility: Washer/Dryer included; Laundry room inside

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $275k.

Deal economics

• At list price, monthly cash flow is $66 ($791/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 $224k (18.4% below list).
• Recommended offer: $224k (18.4% below list) — sets the bar for 1% rule.
• Cap rate 6.6% vs local median 4.9% in Diamondhead — 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 68/100 on livability (#59 in MS) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F, health & safety F.
• Hancock County School District (rural): math 47% / reading 44% proficiency, ranked #23 of 130 in MS (top 18%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: East Hancock Elementary School (math 64% / reading 59%, grade B, #22 of 375 statewide, top 6%, 639 students, 100% FRL); Hancock Middle School (math 48% / reading 44%, grade D+, #39 of 179 statewide, top 22%, 958 students, 100% FRL); Hancock High School (math 42% / reading 43%, grade F, #42 of 197 statewide, top 21%, 1,187 students, 100% FRL) — zoned schools average 100% FRL vs 58% district-wide (41 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 250 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 248 units permitted in Hancock County in 2024 (0 in 5+ unit buildings).
• This rent runs 31% of the median local income ($87k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Hancock County population projected at +20% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 17 days — a 2% lower offer ($271k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 20y 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

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $224,394 (18.4% below list)

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
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: 0.82% ✗
• Cap rate: 6.58%
• Cash-on-cash: 1.03%
• DSCR: 1.05
• GRM: 10.2

CMA / ARV

• ARV (on-the-fly): $277,236
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
9834 Pokai Way	0.45mi	4/2.0 (+1)	1,848 (+1%)	0mo	$249,500	$135	72
9838 Ala Moana St	0.21mi	3/2.0	1,614 (-12%)	1mo	$299,900	$186	70
98167 Golf Club Dr	0.51mi	3/2.0	1,779 (-3%)	7mo	$239,900	$135	65
98177 Golf Club Dr	0.42mi	3/2.0	1,751 (-5%)	9mo	$265,000	$151	65
88154 Golf Club Dr	0.69mi	3/2.0	1,775 (-3%)	2mo	$279,000	$157	61
9912 Honomu Pl	0.30mi	4/2.0 (+1)	2,050 (+12%)	1mo	$310,000	$151	61
9958 Kahana St	0.42mi	3/2.0	1,711 (-7%)	10mo	$279,000	$163	61
9941 Hamakua St	0.48mi	4/2.0 (+1)	1,885 (+3%)	10mo	$260,000	$138	60
97169 Kapalama Dr	0.50mi	3/2.0	2,035 (+11%)	4mo	$210,000	$103	55
99114 Koloa St	0.45mi	3/2.0	1,569 (-14%)	1mo	$109,000	$69	54
9817 Pokai Way	0.49mi	3/2.0	1,561 (-15%)	6mo	$235,000	$151	47
9920 Honalo Pl	0.35mi	4/2.0 (+1)	2,092 (+14%)	10mo	$325,000	$155	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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -14.7%
• Equity multiple: 0.47×
• Total profit: $-40,450
• Equity at exit: $41,003

10-year hold

• IRR: -6.1%
• Equity multiple: 0.61×
• Total profit: $-30,165
• Equity at exit: $23,777

Cash invested: $77,000 (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 39525

• Home prices YoY: -19.1%
• Active inventory: 250
• Price-to-rent: 10.2×

Monthly cashflow live

• Estimated rent: $2,244 medium
• Mortgage (P&I): −$1,442
• Tax from tax record: −$65 /mo · $781/yr
• Insurance: −$115
• HOA: −$85
• Vacancy / Maint / Mgmt: −$471
• Net cashflow: $66

Break-even live

Break-even rent $2,161

Max offer price $275,000

Occupancy floor 92%

Sensitivity live

Price	-10% $222	-5% $144	+0% $66	+5% $-12	+10% $-90
Rent	-10% $-111	-5% $-23	+0% $66	+5% $155	+10% $243
Rate	-1.0pp $204	-0.5pp $136	base $66	+0.5pp $-5	+1.0pp $-78

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: $68,750
• Closing costs: $8,250
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
289 Highpoint Dr Diamondhead, MS	2.0	2.5	1340	$1,700	$1.27	15d	1	0.94mi
250 Highpoint Dr Unit 250 Diamondhead, MS	2.0	2.5	1367	$2,500	$1.83	23d	1	1.00mi
250 Highpoint Dr Diamondhead, MS	2.0	2.5	1367	$2,500	$1.83	45d	1	1.00mi

HOA detail

• Monthly dues: $85 · $1,020/yr

Listing history 13 events

1. 2026-06-21
   days on market $275,000 Active 17 DOM
2. 2026-06-18
   days on market $275,000 Active 14 DOM
3. 2026-06-17
   days on market $275,000 Active 13 DOM
4. 2026-06-16
   days on market $275,000 Active 12 DOM
5. 2026-06-15
   days on market $275,000 Active 11 DOM
6. 2026-06-14
   days on market $275,000 Active 9 DOM
7. 2026-06-13
   days on market $275,000 Active 8 DOM
8. 2026-06-10
   days on market $275,000 Active 6 DOM
9. 2026-06-09
   days on market $275,000 Active 5 DOM
10. 2026-06-08
    days on market $275,000 Active 4 DOM
11. 2026-06-07
    days on market $275,000 Active 3 DOM
12. 2026-06-05
    remarks 344-char remark
13. 2026-06-05
    listed $275,000 Active 1 DOM

ⓘ 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: $781 · $65/mo
• Projected year-2 tax: $2,172 · $181/mo
• Expected delta: +$1,391/yr (+$116/mo · 178.1%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 24% chance over 30 yrs
• 🔥 Wildfire 6/10 Major
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 22 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: $26,927
• − Mortgage interest: −$15,404
• − Property taxes: −$781
• − Insurance: −$1,375
• − Repairs & maintenance: −$2,154
• − Management: −$2,154
• − HOA: −$1,020
• − Depreciation: −$8,000
• Taxable loss: −$3,962
• Est. tax savings @ 24.0%: +$951
• After-tax cash flow: $1,742/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: Hancock County School District
• NCES district ID: 2801740
• Math proficiency: 47% ▼ -11.00%
• Reading proficiency: 44% ▼ -9.00%
• Median HH income: $47,971
• Composite: 38.88/100
• National rank: #4099
• State rank: #23 of 130 in MS

Livability — Diamondhead

• Score: 68/100
• State rank: #59
• US rank: #9320

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Diamondhead, MS
• County: Hancock County · 9,338 people
• City population: 9,338
• Metro: Gulfport-Biloxi, MS
• Population (ZIP): 9,338
• Household income: $87,407
• Rent vs Own: 10.3% rent · 89.7% own

Population outlook (Hancock County) Hauer SSP2

• Today (2025): 52,161 people
• By 2030: 54,753 · +5.0%
• By 2040: 59,242 · +13.6%
• By 2050: 62,417 · +19.7%
• By 2075: 68,168 · +30.7%
• By 2100: 69,212 · +32.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (85%)
• Race & ethnicity: White 85% Two or more races 9% Hispanic / Latino 8% Black 2%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Lithuanian 10% Slovak 3% Romanian 2%
• Foreign-born: 3% · Canada
• Languages at home: 94% English-only · Spanish 4% French/Haitian/Cajun 1% Other Indo-European 1%

Political lean MEDSL · Hancock

• 2024 margin: Solid R (+58.7) · D 20.1% · R 78.8% · Other 1.1%
• 2008→2024 swing: -4.4pp toward R · 2008: -54.2pp · 2024: -58.7pp
• All cycles: 2024: R+58.7 2020: R+55.5 2016: R+59.4 2012: R+52.8 2008: R+54.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -45.77%
• Current HPI: 193.4883
• Rent YoY: —
• Metro: Gulfport-Biloxi, MS
• State GDP YoY: —
• F500 in state: 0

Price history

+2015.4% since first listed

6 events — show timeline

• 2026-06-04 Listed $275,000 MLSU
• 2007-04-26 Sold (Public Records) — Public Records
• 2007-04-13 Sold (MLS) — MLSU
• 2007-01-26 Listed $249,900 MLSU
• 2006-09-15 Sold (MLS) — MLSU
• 2006-07-29 Listed $13,000 MLSU

Property tax history

+1.2%/yr

Latest (2025): $781 · +0.0% YoY. Source: county tax records.