1213 27th St · Gulfport, MS 39501

$119,900

3 bd · 1.0 ba · 1,606 sqft · SingleFamily public records · 52 Days on market

Built 1950 8,276 sqft lot $75/sqft · 31% below area Est $173k · 31% under

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Why this score? — see what drove the B 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 +27.0/30.0
• ARV discount +15.0/15.0
• DSCR +9.3/10.0
• 1% rule +6.9/10.0
• Rent growth +5.0/5.0
• Livability +3.7/5.0
• Schools +3.4/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Investor Special or Dream Renovation Opportunity in Gulfport! BACK ON THE MARKET DUE TO NO FAULT OF THE SELLER. Unlock the potential of this 3-bedroom, 2-bath fixer-upper offering 1,610 square feet of living space in the heart of Gulfport. This property is packed with opportunity for investors, flippers, or buyers looking to create their own custom home. Featuring a spacious layout and a large shed in the backyard, there's plenty of room for storage, a workshop, or future improvements. With excellent renovation potential, this home is a blank canvas ready for your vision. Whether you're looking for your next project or a value-add opportunity, this property delivers endless possibilities. Conveniently located near local amenities, schools, and Gulf Coast attractions. Bring your ideas and turn this fixer-upper into a standout home or profitable investment!

Key facts

• Large shed
• Spacious layout
• Renovation potential

Tags

• LARGE SHED
• SPACIOUS LAYOUT
• RENOVATION POTENTIAL

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $120k.

Deal economics

• At list price, monthly cash flow is $336 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $120k).
• Recommended offer: $116k (3.0% below list) — sets the bar for market timing.
• Cap rate 9.7% 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: schools D, amenities F, commute 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.
• Market conditions: Rents rising fast (+10.5%/yr); 252 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 2,194 units permitted in Harrison County in 2024 (0 in 5+ unit buildings).
• At $1,433/mo this rent would consume 49% of the median local household income ($35k/yr) (locally 1516% of renters already pay >50% of income on rent) — 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 $829 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.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $34k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 52 days — a 3% lower offer ($116k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 9y 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.
• Current owner paid $67k; list at $120k implies a 78% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $116,303 (3.0% below list)

Questions for the listing agent

1. It's been on market 52 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 1.19% ✓
• Cap rate: 9.65%
• Cash-on-cash: 12.01%
• DSCR: 1.53
• GRM: 7.0

CMA / ARV

• ARV (median comp): $173,216
• List price: $119,900
• Delta: -30.78%
• 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
2704 Pine Ave	0.05mi	3/2.0	1,603 (-0%)	2mo	$149,900	$94	92
921 Wanda Pl	0.21mi	3/2.0	1,477 (-8%)	1mo	$229,900	$156	72
1901 Jones Ave	0.44mi	3/2.0	1,560 (-3%)	2mo	$210,000	$135	68
1108 Oak Pl	0.24mi	3/2.0	1,459 (-9%)	4mo	$230,000	$158	66
1601 25th St	0.50mi	3/1.0	1,502 (-6%)	0mo	$120,000	$80	65
2313 Gulf Ave	0.56mi	4/2.0 (+1)	1,620 (+1%)	1mo	$225,000	$139	63
941 22nd St	0.45mi	3/2.0	1,489 (-7%)	2mo	$154,990	$104	61
1211 23rd St	0.33mi	2/2.0 (-1)	1,433 (-11%)	1mo	$159,900	$112	57
810 23rd St	0.55mi	3/2.0	1,729 (+8%)	8mo	$120,000	$69	51
954 E Beach Blvd	0.69mi	3/2.5	1,688 (+5%)	3mo	$824,900	$489	51
3307 Johnson Dr	0.57mi	4/2.0 (+1)	1,400 (-13%)	2mo	$119,000	$85	42
2352 Gulf Ave	0.58mi	3/2.0	1,834 (+14%)	4mo	$260,000	$142	41

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 6.9%
• Equity multiple: 1.28×
• Total profit: $9,536
• Equity at exit: $17,877

10-year hold

• IRR: 20.2%
• Equity multiple: 3.09×
• Total profit: $70,319
• Equity at exit: $10,367

Cash invested: $33,572 (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 39501

• Home prices YoY: -34.5%
• Rents YoY: 10.5%
• Active inventory: 252
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $1,433 high
• Mortgage (P&I): −$629
• Tax from tax record: −$117 /mo · $1,407/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$301
• Net cashflow: $336

Break-even live

Break-even rent $1,008

Max offer price $119,900

Occupancy floor 72%

Sensitivity live

Price	-10% $404	-5% $370	+0% $336	+5% $302	+10% $268
Rent	-10% $223	-5% $279	+0% $336	+5% $392	+10% $449
Rate	-1.0pp $396	-0.5pp $366	base $336	+0.5pp $305	+1.0pp $273

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: $29,975
• Closing costs: $3,597
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2706 6th Ave Gulfport, MS	3.0	2.0	1217	$1,300	$1.07	22d	1	0.31mi
1224 29th St Gulfport, MS	2.0	2.0	1050	$1,155	$1.10	14d	1	0.32mi
2823 6th Ave Unit A Gulfport, MS	3.0	2.0	1100	$1,100	$1.00	22d	1	0.39mi
941 22nd St Gulfport, MS	3.0	2.0	1450	$1,600	$1.10	14d	1	0.41mi
2311 5th Ave Gulfport, MS	3.0	1.5	1100	$1,300	$1.18	45d	1	0.41mi
1400 28th St Gulfport, MS	2.0–3.0	2.0	1101	$1,085	$0.99	14d	1	0.41mi
2233 5th Ave Gulfport, MS	3.0	1.0	1215	$1,300	$1.07	45d	1	0.43mi
2207 16th Ave Gulfport, MS	2.0	1.0	1325	$1,425	$1.08	14d	1	0.61mi
1605 20th St Gulfport, MS	3.0	3.0	1350	$1,095	$0.81	45d	1	0.65mi
3508 Nunnally St Gulfport, MS	4.0	3.0	1718	$2,200	$1.28	14d	1	0.78mi
3508 Nunnally St Gulfport, MS	4.0	2.5	1718	$2,200	$1.28	45d	1	0.78mi
1822 15th St Gulfport, MS	2.0	2.0	1100	$1,900	$1.73	45d	1	1.11mi
2317 30th St Gulfport, MS	2.0	1.0	1164	$2,150	$1.85	22d	1	1.13mi

Listing history 12 events

1. 2026-06-05
   statusdays on market $119,900 Pending 52 DOM
2. 2026-06-02
   days on market $119,900 Active 51 DOM
3. 2026-06-01
   days on market $119,900 Active 50 DOM
4. 2026-05-31
   days on market $119,900 Active 49 DOM
5. 2026-05-30
   pricedays on market $119,900 Active 48 DOM
6. 2026-04-27
   status Active 872-char remark

   Show marketing remark (872 chars)

   Investor Special or Dream Renovation Opportunity in Gulfport! BACK ON THE MARKET DUE TO NO FAULT OF THE SELLER. Unlock the potential of this 3-bedroom, 2-bath fixer-upper offering 1,610 square feet of living space in the heart of Gulfport. This property is packed with opportunity for investors, flippers, or buyers looking to create their own custom home. Featuring a spacious layout and a large shed in the backyard, there's plenty of room for storage, a workshop, or future improvements. With excellent renovation potential, this home is a blank canvas ready for your vision. Whether you're looking for your next project or a value-add opportunity, this property delivers endless possibilities. Conveniently located near local amenities, schools, and Gulf Coast attractions. Bring your ideas and turn this fixer-upper into a standout home or profitable investment!

7. 2026-02-12
   status Pending 872-char remark

   Show marketing remark (872 chars)

   Investor Special or Dream Renovation Opportunity in Gulfport! BACK ON THE MARKET DUE TO NO FAULT OF THE SELLER. Unlock the potential of this 3-bedroom, 2-bath fixer-upper offering 1,610 square feet of living space in the heart of Gulfport. This property is packed with opportunity for investors, flippers, or buyers looking to create their own custom home. Featuring a spacious layout and a large shed in the backyard, there's plenty of room for storage, a workshop, or future improvements. With excellent renovation potential, this home is a blank canvas ready for your vision. Whether you're looking for your next project or a value-add opportunity, this property delivers endless possibilities. Conveniently located near local amenities, schools, and Gulf Coast attractions. Bring your ideas and turn this fixer-upper into a standout home or profitable investment!

8. 2026-01-28
   listed $124,900 Active 872-char remark

   Show marketing remark (872 chars)

   Investor Special or Dream Renovation Opportunity in Gulfport! BACK ON THE MARKET DUE TO NO FAULT OF THE SELLER. Unlock the potential of this 3-bedroom, 2-bath fixer-upper offering 1,610 square feet of living space in the heart of Gulfport. This property is packed with opportunity for investors, flippers, or buyers looking to create their own custom home. Featuring a spacious layout and a large shed in the backyard, there's plenty of room for storage, a workshop, or future improvements. With excellent renovation potential, this home is a blank canvas ready for your vision. Whether you're looking for your next project or a value-add opportunity, this property delivers endless possibilities. Conveniently located near local amenities, schools, and Gulf Coast attractions. Bring your ideas and turn this fixer-upper into a standout home or profitable investment!

9. 2017-11-15
   soldstatus $67,350
10. 2017-11-03
    soldstatus 272-char remark

    Show marketing remark (272 chars)

    BACK ON THE MARKET DUE TO BUYERS FINANCING. Adorable home with lots of charm. 3 bed 2 bath, inside laundry room, large kitchen, sun room, deck, workshop, beautiful oak tree that shades back yard. Seller just put in new inside a/c unit. Call me or your agent for a showing.

11. 2017-06-02
    listed $74,000 272-char remark

    Show marketing remark (272 chars)

    BACK ON THE MARKET DUE TO BUYERS FINANCING. Adorable home with lots of charm. 3 bed 2 bath, inside laundry room, large kitchen, sun room, deck, workshop, beautiful oak tree that shades back yard. Seller just put in new inside a/c unit. Call me or your agent for a showing.

12. 2016-11-21
    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: $1,407 · $117/mo
• Projected year-2 tax: $1,407 · $117/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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°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: $17,193
• − Mortgage interest: −$6,716
• − Property taxes: −$1,407
• − Insurance: −$600
• − Repairs & maintenance: −$1,375
• − Management: −$1,375
• − Depreciation: −$3,488
• Taxable income: $2,231
• Est. tax owed @ 24.0%: −$535
• After-tax cash flow: $3,495/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): 22,565
• Household income: $34,758
• Rent vs Own: 60.3% rent · 39.7% own
• Severe rent burden: 1516.0

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: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: Black 59% White 29% Two or more races 7% Hispanic / Latino 5%
• Hispanic origin (detail): Mexican 2%
• Common ancestry: Lithuanian 2% Serbian 1% Slovak 1%
• Foreign-born: 2% · Canada
• Languages at home: 95% English-only · Spanish 4%

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: ▼ -110.16%
• Current HPI: 208.998
• Rent YoY: ▲ 10.49%
• Metro: Gulfport-Biloxi, MS
• State GDP YoY: —
• F500 in state: 0

Price history

+68.8% since first listed

7 events — show timeline

• 2026-04-27 Relisted — MLSU
• 2026-02-12 Pending — MLSU
• 2026-01-28 Listed $124,900 MLSU
• 2017-11-15 Sold (Public Records) $67,350 Public Records
• 2017-11-03 Sold (MLS) — MLSU
• 2017-06-02 Listed $74,000 MLSU
• 2016-11-21 Sold (Public Records) — Public Records

Property tax history

+0.9%/yr

Latest (2025): $1,407 · +3.8% YoY. Source: county tax records.