487 Silver Ridge Ave · Gulfport, MS 39507

$180,000

4 bd · 1.0 ba · 1,638 sqft · SingleFamily public records · 210 Days on market

Built 1986 0.50 ac lot $110/sqft · 15% below area Est $211k · 15% under ↓ 18% since listing

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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 +25.5/30.0
• ARV discount +14.1/15.0
• DSCR +8.5/10.0
• 1% rule +6.0/10.0
• Livability +3.7/5.0
• Rent growth +3.6/5.0
• Schools +3.4/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 487 Silver Ridge Avenue—an inviting brick ranch set on a spacious, tree-shaded lot in Gulfport. This home greets you with a large front sunroom, classic red accents, and the kind of mature oaks you just can't replace. Inside, you'll find 3 comfortable bedrooms and 2 full baths, offering a practical layout that works for everyday living. The property's generous outdoor space gives you room to breathe—ideal for gardening, pets, or simply relaxing in the shade. The brick exterior, warm character, and timeless design make this home a standout for anyone seeking comfort, charm, and a little peace and quiet. A great property with plenty of potential to make it your own—come see what this one has to offer.

Key facts

• Mature oaks
• Brick exterior
• Large front sunroom

Tags

• BRICK RANCH
• SPACIOUS TREE SHADED LOT
• LARGE FRONT SUNROOM
• MATURE OAKS
• GENEROUS OUTDOOR SPACE
• BRICK EXTERIOR

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $180k.

Deal economics

• At list price, monthly cash flow is $422 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $180k).
• Recommended offer: $158k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.1% 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 (+4.3%/yr); 301 active listings in the ZIP; 17 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 59% 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).
• This rent runs 44% of the median local income ($55k/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 $1k of loan paydown is wiped out by about $5k 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 + 4.3% rent growth), your $50k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 210 days — a 12% lower offer ($158k) 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→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $158,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 210 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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: 1.10% ✓
• Cap rate: 9.11%
• Cash-on-cash: 10.05%
• DSCR: 1.45
• GRM: 7.6

CMA / ARV

• ARV (median comp): $210,964
• List price: $180,000
• Delta: -14.68%
• 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
1300 Redfish Dr	0.31mi	3/2.0 (-1)	1,656 (+1%)	6mo	$293,871	$177	70
1311 Redfish Dr	0.29mi	3/2.0 (-1)	1,561 (-5%)	1mo	$291,620	$187	69
1057 Flounder Way	0.28mi	3/2.0 (-1)	1,561 (-5%)	3mo	$293,695	$188	67
1304 Redfish Dr	0.34mi	3/2.0 (-1)	1,561 (-5%)	7mo	$290,560	$186	61
400 Krill Ct	0.37mi	3/2.0 (-1)	1,765 (+8%)	2mo	$305,361	$173	59
1316 Redfish Dr	0.34mi	3/2.0 (-1)	1,765 (+8%)	5mo	$301,434	$171	58
1061 Flounder Way	0.28mi	3/2.0 (-1)	1,845 (+13%)	2mo	$315,406	$171	55
1373 Redfish Dr	0.28mi	3/2.0 (-1)	1,845 (+13%)	4mo	$314,004	$170	53
1312 Redfish Dr	0.29mi	3/2.0 (-1)	1,845 (+13%)	4mo	$309,650	$168	53
1085 Township Rd	0.50mi	3/2.5 (-1)	1,425 (-13%)	1mo	$350,000	$246	43
15 Oakwood Dr	0.59mi	3/2.0 (-1)	1,852 (+13%)	8mo	$272,000	$147	35
2106 Boardman Blvd	0.69mi	3/1.5 (-1)	1,428 (-13%)	6mo	$177,500	$124	35

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: 0.1%
• Equity multiple: 1.00×
• Total profit: $231
• Equity at exit: $26,839

10-year hold

• IRR: 10.9%
• Equity multiple: 1.90×
• Total profit: $45,401
• Equity at exit: $15,563

Cash invested: $50,400 (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 39507

• Home prices YoY: -27.1%
• Rents YoY: 4.3%
• Active inventory: 301
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $1,981 high
• Mortgage (P&I): −$944
• Tax from tax record: −$124 /mo · $1,491/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$416
• Net cashflow: $422

Break-even live

Break-even rent $1,447

Max offer price $180,000

Occupancy floor 74%

Sensitivity live

Price	-10% $524	-5% $473	+0% $422	+5% $371	+10% $320
Rent	-10% $266	-5% $344	+0% $422	+5% $500	+10% $579
Rate	-1.0pp $513	-0.5pp $468	base $422	+0.5pp $376	+1.0pp $328

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: $45,000
• Closing costs: $5,400
• Reserves months: —
• Total cash needed: —

Rent comps 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
477 Tegarden Rd Unit D Gulfport, MS	3.0	2.0	1300	$1,300	$1.00	14d	1	0.17mi
1229 Century Oaks Dr Gulfport, MS	3.0	3.0	1200	$2,600	$2.17	21d	1	0.42mi
1270 Century Oaks Dr Gulfport, MS	3.0	3.0	1158	$1,950	$1.68	44d	1	0.46mi
1131 Century Oaks Dr Gulfport, MS	3.0	3.0	1156	$1,800	$1.56	44d	1	0.47mi
1276 Century Oaks Dr Gulfport, MS	3.0	3.0	1283	$2,100	$1.64	44d	1	0.48mi
1101 Century Oaks Dr Gulfport, MS	3.0	3.0	1330	$1,700	$1.28	44d	1	0.50mi
1100 Century Oaks Dr Unit A Gulfport, MS	3.0	3.0	1156	$2,200	$1.90	44d	1	0.51mi
1215 Ocean View Dr Gulfport, MS	3.0	2.0	1710	$2,895	$1.69	21d	1	0.55mi
153 Markham Dr Gulfport, MS	3.0	2.0	1650	$3,000	$1.82	44d	1	0.61mi
954 Old Towne St Gulfport, MS	3.0	2.0	1533	$1,900	$1.24	14d	1	0.62mi
1525 E Pass Rd Gulfport, MS	1.0–3.0	1.0–2.0	1070	$1,519	$1.42	21d	1	0.74mi
1114 Washington Ave Gulfport, MS	3.0	2.0	1200	$1,350	$1.12	21d	1	0.75mi
408 Caribe Pl N Gulfport, MS	3.0	2.5	2158	$2,700	$1.25	44d	1	1.06mi
1100 Snapper CT Gulfport, MS	3.0	2.5	1553	$1,775	$1.14	21d	1	1.17mi
1339 Foxwood Pl Gulfport, MS	3.0	2.0	1100	$1,375	$1.25	44d	1	1.24mi
2420 Demaret Dr Gulfport, MS	4.0	2.0	1600	$1,800	$1.12	44d	1	1.36mi
1618 Courthouse Rd Gulfport, MS	3.0	1.0	1168	$1,400	$1.20	44d	1	1.47mi

Listing history 20 events

1. 2026-06-18
   days on market $180,000 Active 210 DOM
2. 2026-06-17
   days on market $180,000 Active 209 DOM
3. 2026-06-16
   days on market $180,000 Active 208 DOM
4. 2026-06-15
   days on market $180,000 Active 207 DOM
5. 2026-06-14
   days on market $180,000 Active 205 DOM
6. 2026-06-13
   days on market $180,000 Active 204 DOM
7. 2026-06-10
   days on market $180,000 Active 202 DOM
8. 2026-06-09
   days on market $180,000 Active 201 DOM
9. 2026-06-08
   days on market $180,000 Active 200 DOM
10. 2026-06-07
    days on market $180,000 Active 199 DOM
11. 2026-06-05
    days on market $180,000 Active 196 DOM
12. 2026-06-02
    days on market $180,000 Active 194 DOM
13. 2026-06-01
    days on market $180,000 Active 193 DOM
14. 2026-05-31
    days on market $180,000 Active 192 DOM
15. 2026-05-30
    days on market $180,000 Active 191 DOM
16. 2026-04-01
    price $180,000 743-char remark

    Show marketing remark (743 chars)

    Welcome to 487 Silver Ridge Avenue—an inviting brick ranch set on a spacious, tree-shaded lot in Gulfport. This home greets you with a large front sunroom, classic red accents, and the kind of mature oaks you just can't replace. Inside, you'll find 3 comfortable bedrooms and 2 full baths, offering a practical layout that works for everyday living. The property's generous outdoor space gives you room to breathe—ideal for gardening, pets, or simply relaxing in the shade. The brick exterior, warm character, and timeless design make this home a standout for anyone seeking comfort, charm, and a little peace and quiet. A great property with plenty of potential to make it your own—come see what this one has to offer.

17. 2026-01-24
    price $197,000 743-char remark

    Show marketing remark (743 chars)

    Welcome to 487 Silver Ridge Avenue—an inviting brick ranch set on a spacious, tree-shaded lot in Gulfport. This home greets you with a large front sunroom, classic red accents, and the kind of mature oaks you just can't replace. Inside, you'll find 3 comfortable bedrooms and 2 full baths, offering a practical layout that works for everyday living. The property's generous outdoor space gives you room to breathe—ideal for gardening, pets, or simply relaxing in the shade. The brick exterior, warm character, and timeless design make this home a standout for anyone seeking comfort, charm, and a little peace and quiet. A great property with plenty of potential to make it your own—come see what this one has to offer.

18. 2025-12-17
    price $210,000 743-char remark

    Show marketing remark (743 chars)

    Welcome to 487 Silver Ridge Avenue—an inviting brick ranch set on a spacious, tree-shaded lot in Gulfport. This home greets you with a large front sunroom, classic red accents, and the kind of mature oaks you just can't replace. Inside, you'll find 3 comfortable bedrooms and 2 full baths, offering a practical layout that works for everyday living. The property's generous outdoor space gives you room to breathe—ideal for gardening, pets, or simply relaxing in the shade. The brick exterior, warm character, and timeless design make this home a standout for anyone seeking comfort, charm, and a little peace and quiet. A great property with plenty of potential to make it your own—come see what this one has to offer.

19. 2025-11-19
    listed $220,000 Active 743-char remark

    Show marketing remark (743 chars)

    Welcome to 487 Silver Ridge Avenue—an inviting brick ranch set on a spacious, tree-shaded lot in Gulfport. This home greets you with a large front sunroom, classic red accents, and the kind of mature oaks you just can't replace. Inside, you'll find 3 comfortable bedrooms and 2 full baths, offering a practical layout that works for everyday living. The property's generous outdoor space gives you room to breathe—ideal for gardening, pets, or simply relaxing in the shade. The brick exterior, warm character, and timeless design make this home a standout for anyone seeking comfort, charm, and a little peace and quiet. A great property with plenty of potential to make it your own—come see what this one has to offer.

20. 2011-06-06
    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: $1,491 · $124/mo
• Projected year-2 tax: $1,491 · $124/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 1/10 Low
• 🌡 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 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,778
• − Mortgage interest: −$10,083
• − Property taxes: −$1,491
• − Insurance: −$900
• − Repairs & maintenance: −$1,902
• − Management: −$1,902
• − Depreciation: −$5,236
• Taxable income: $2,263
• Est. tax owed @ 24.0%: −$543
• After-tax cash flow: $4,523/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): 18,564
• Household income: $54,657
• Rent vs Own: 44.3% rent · 55.7% own
• Severe rent burden: 1059.0

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: 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

-18.2% since first listed

5 events — show timeline

• 2026-04-01 Price Changed $180,000 MLSU
• 2026-01-24 Price Changed $197,000 MLSU
• 2025-12-17 Price Changed $210,000 MLSU
• 2025-11-19 Listed $220,000 MLSU
• 2011-06-06 Sold (Public Records) — Public Records

Property tax history

+4.0%/yr

Latest (2025): $1,491 · +4.0% YoY. Source: county tax records.