7881 Hilo Way · Diamondhead, MS 39525

$229,900

3 bd · 2.0 ba · 2,128 sqft · SingleFamily public records · 45 Days on market

Built 1990 0.29 ac lot $108/sqft · 14% below area Est $268k · 14% under

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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 +18.0/30.0
• ARV discount +13.9/15.0
• DSCR +5.6/10.0
• Schools +3.9/10.0
• 1% rule +3.7/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Beautiful home located on a large lot with plenty of landscaping. New roof 01/06. Sunroom. High ceilings. 2 fireplaces. Much more to see!

Key facts

• Flexible bonus room
• Fenced backyard
• Two fireplaces

Tags

• FLEXIBLE BONUS ROOM
• FENCED BACKYARD
• TWO FIREPLACES

Property features AI

Finance

• HOA & community: Association membership; Community amenities include clubhouse, fitness center, pool, tennis courts, golf, marina, boating, lake, park, playground, hiking/walking trails, sports fields, restaurant, and airport/runway access

Exterior

• Parking: 2-car garage; Parking for 4 vehicles total; Concrete driveway; Garage faces front
• Utilities: Public water; Public sewer; Electricity connected; Water connected; Sewer connected
• Home design: Single-family house; One story; Slab foundation
• Construction: Brick veneer exterior; Architectural shingle roof; Built using slab foundation
• Exterior features: Private yard; Back yard fencing (wood); City lot; Few trees; Level lot

Interior

• Kitchen: Built-in range; Dishwasher; Microwave; Refrigerator; Water heater
• Flooring: Carpet; Concrete; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (electric); Ceiling fans
• Interior features: Built-in features and breakfast bar; Ceiling fans; Crown molding; High ceilings; Walk-in closet(s); Deadbolt locks; Fireplaces in den and living room; Move-in ready
• Laundry & utility: Dedicated laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $230k.

Deal economics

• At list price, monthly cash flow is $197 ($2k/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 $199k (13.4% below list).
• Recommended offer: $199k (13.4% below list) — sets the bar for 1% rule.
• Cap rate 7.3% vs local median 4.8% 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; 1 comparable units currently listed for rent nearby; solid renter incomes; 248 units permitted in Hancock County in 2024 (0 in 5+ unit buildings).

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.
• 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 45 days — a 3% lower offer ($223k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 20y ago; this cycle's ask has dropped $20k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $199,135 (13.4% below list)

Questions for the listing agent

1. It's been on market 45 days. Have you received any prior offers? Is the seller open to a 13% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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.
4. 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.
5. 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: 0.87% ✗
• Cap rate: 7.32%
• Cash-on-cash: 3.68%
• DSCR: 1.16
• GRM: 9.6

CMA / ARV

• ARV (median comp): $268,218
• List price: $229,900
• Delta: -14.29%
• 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
8814 Malino Pl	0.29mi	3/2.5	2,100 (-1%)	4mo	$265,000	$126	78
6846 Hilo St	0.26mi	4/3.0 (+1)	2,130 (+0%)	2mo	$298,000	$140	78
7888 Hilo Way	0.07mi	3/2.5	2,359 (+11%)	1mo	$257,000	$109	76
6828 Hilo St	0.35mi	3/2.5	2,173 (+2%)	3mo	$324,900	$150	76
882 Maili Pl	0.50mi	3/2.0	2,172 (+2%)	2mo	$285,000	$131	72
682 Hilo Way	0.24mi	4/3.0 (+1)	2,289 (+8%)	1mo	$312,000	$136	66
6822 Awini St	0.41mi	4/2.0 (+1)	2,212 (+4%)	4mo	$299,000	$135	66
7913 Lanai St	0.44mi	3/2.5	2,272 (+7%)	2mo	$397,500	$175	64
8834 Kipapa Way	0.54mi	4/2.0 (+1)	2,192 (+3%)	3mo	$260,000	$119	62
796 Hapuna Pl	0.46mi	3/2.0	1,907 (-10%)	4mo	$310,000	$163	58
682 Auahi Pl	0.52mi	3/2.0	1,865 (-12%)	1mo	$244,000	$131	54
8716 W Diamondhead Dr	0.61mi	3/2.0	1,869 (-12%)	5mo	$265,000	$142	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: -10.6%
• Equity multiple: 0.61×
• Total profit: $-24,796
• Equity at exit: $34,279

10-year hold

• IRR: -1.3%
• Equity multiple: 0.91×
• Total profit: $-5,829
• Equity at exit: $19,878

Cash invested: $64,372 (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: 9.6×

Monthly cashflow live

• Estimated rent: $1,991 medium
• Mortgage (P&I): −$1,206
• Tax from tax record: −$75 /mo · $895/yr
• Insurance: −$96
• HOA: −$0
• Vacancy / Maint / Mgmt: −$418
• Net cashflow: $197

Break-even live

Break-even rent $1,742

Max offer price $229,900

Occupancy floor 85%

Sensitivity live

Price	-10% $327	-5% $262	+0% $197	+5% $132	+10% $67
Rent	-10% $40	-5% $119	+0% $197	+5% $276	+10% $355
Rate	-1.0pp $313	-0.5pp $256	base $197	+0.5pp $138	+1.0pp $77

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: $57,475
• Closing costs: $6,897
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7516 Pinehurst Ct Diamondhead, MS	3.0	3.0	2418	$2,000	$0.83	15d	1	1.08mi

Listing history 25 events

1. 2026-06-21
   days on market $229,900 Active 45 DOM
2. 2026-06-18
   days on market $229,900 Active 42 DOM
3. 2026-06-17
   days on market $229,900 Active 41 DOM
4. 2026-06-16
   days on market $229,900 Active 40 DOM
5. 2026-06-15
   days on market $229,900 Active 39 DOM
6. 2026-06-14
   days on market $229,900 Active 37 DOM
7. 2026-06-13
   days on market $229,900 Active 36 DOM
8. 2026-06-10
   days on market $229,900 Active 34 DOM
9. 2026-06-09
   days on market $229,900 Active 33 DOM
10. 2026-06-08
    days on market $229,900 Active 32 DOM
11. 2026-06-07
    days on market $229,900 Active 31 DOM
12. 2026-06-05
    days on market $229,900 Active 28 DOM
13. 2026-06-03
    days on market $229,900 Active 27 DOM
14. 2026-06-03
    price $229,900 Active 26 DOM
15. 2026-06-02
    days on market $249,900 Active 26 DOM
16. 2026-06-01
    days on market $249,900 Active 25 DOM
17. 2026-05-31
    days on market $249,900 Active 24 DOM
18. 2026-05-30
    days on market $249,900 Active 23 DOM
19. 2026-05-07
    listed $249,900 Active 623-char remark
20. 2026-03-02
    historical
21. 2025-08-22
    listed $269,000 Active
22. 2006-04-03
    soldstatus
23. 2006-03-31
    soldstatus

    Show marketing remark (137 chars)

    Beautiful home located on a large lot with plenty of landscaping. New roof 01/06. Sunroom. High ceilings. 2 fireplaces. Much more to see!

24. 2006-02-27
    listed $199,000

    Show marketing remark (137 chars)

    Beautiful home located on a large lot with plenty of landscaping. New roof 01/06. Sunroom. High ceilings. 2 fireplaces. Much more to see!

25. 2000-04-06
    soldstatus

ⓘ 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: $895 · $75/mo
• Projected year-2 tax: $1,816 · $151/mo
• Expected delta: +$921/yr (+$77/mo · 103.0%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 21 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: $23,896
• − Mortgage interest: −$12,878
• − Property taxes: −$895
• − Insurance: −$1,150
• − Repairs & maintenance: −$1,912
• − Management: −$1,912
• − Depreciation: −$6,688
• Taxable loss: −$1,537
• Est. tax savings @ 24.0%: +$369
• After-tax cash flow: $2,735/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

+15.5% since first listed

8 events — show timeline

• 2026-06-02 Price Changed $229,900 MLSU
• 2026-05-07 Listed $249,900 MLSU
• 2026-03-02 Listing Removed — MLSU
• 2025-08-22 Listed $269,000 MLSU
• 2006-04-03 Sold (Public Records) — Public Records
• 2006-03-31 Sold (MLS) — MLSU
• 2006-02-27 Listed $199,000 MLSU
• 2000-04-06 Sold (Public Records) — Public Records

Property tax history

+1.8%/yr

Latest (2025): $895 · +0.0% YoY. Source: county tax records.