6837 Hilo St · Diamondhead, MS 39525

$239,000

2 bd · 2.0 ba · 1,664 sqft · SingleFamily public records · 45 Days on market

Built 1975 0.29 ac lot $144/sqft · 15% below area Est $306k · 22% under $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).

• ARV discount +15.0/15.0
• Cash flow +11.2/30.0
• Schools +3.9/10.0
• 1% rule +3.7/10.0
• Livability +3.4/5.0
• DSCR +3.3/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

This unique Hawaiian architectural-style home designed with Diamondhead LOGO has 20 ft. soaring ceilings in the living room and dining room areas. The large loft upstairs with sky-light brings in plenty of sunshine and is great for sleep-overs or could be used for a 3rd bedroom or office, etc. .. .. multiple use rooms including a studio apartment above the carport. Also, a sun room with lots of windows. Snuggle by the cozy wood-burning fireplace during those long winter nights in your den, which leads to a small side-deck for more relaxing times. Carport with enclosed storage area and attic storage. Enjoy all the wonderful amenities Diamondhead has to offer; swimming, boating, golfing and o

Key facts

• 0.29 acre lot
• 2 parking spots
• Community pool

Property features AI

Finance

• Other: Living area reported by owner (1,800); Lot dimensions approximately 79 x 154 x 81 x 146 (about 0.29 acres)
• HOA & community: Association with $85 fee; Association fee covers grounds maintenance; Community amenities include boating, clubhouse, fishing, golf, pool, street lights, and nearby entertainment

Exterior

• Parking: Detached carport; Carport (2 spaces); Driveway; Concrete parking surfaces
• Security: Dead bolt lock(s)
• Utilities: Public water; Public sewer; Cable available; Electricity connected; Sewer connected; Water connected
• Home design: Single family residence (house); Two levels; Move-in ready
• Construction: Cedar and wood siding; Shingle roof; Slab foundation; Built (year source: public records)
• Exterior features: Deck; Front porch; Patio; Outdoor grill; Outdoor lighting; Back yard fencing with gate and perimeter fencing; City lot

Interior

• Kitchen: Cooktop; Dishwasher (ENERGY STAR qualified); Refrigerator
• Flooring: Simulated wood; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air (electric); Ceiling fans
• Interior features: Beamed ceilings; Ceiling fan(s); Bar / wet bar; Built-in bar area; French doors; Blinds and window treatments; Insulated and storm windows; Lighting
• Laundry & utility: Washer/Dryer included; Electric dryer hookup; Laundry closet on main level; Electric water heater; Tankless water heater

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $239k.

Deal economics

• At list price, monthly cash flow is $-159 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $216k (9.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $208k (12.9% below list).
• Recommended offer: $208k (12.9% below list) — sets the bar for 1% rule.

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).

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 ($232k) is reasonable based on typical stale-listing flexibility.
• 8 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

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: major flood risk; 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 $208,091 (12.9% below list)

Questions for the listing agent

1. 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?
2. 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?
3. Built in 1975 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
5. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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.
9. 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.
10. 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: 5.83%
• Cash-on-cash: -1.66%
• DSCR: 0.93
• GRM: 9.6

CMA / ARV

• ARV (median comp): $305,882
• List price: $239,000
• Delta: -21.87%
• 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
7830 Maui Pl	0.37mi	3/2.0 (+1)	1,660 (-0%)	5mo	$275,000	$166	73
885 Manini Way	0.56mi	3/2.0 (+1)	1,685 (+1%)	2mo	$299,000	$177	66
5715 Anoai Way	0.58mi	3/2.0 (+1)	1,690 (+2%)	1mo	$214,900	$127	65
57154 E Diamondhead Dr	0.52mi	3/2.0 (+1)	1,625 (-2%)	4mo	$259,000	$159	64
67183 E Diamondhead Dr	0.31mi	3/2.0 (+1)	1,503 (-10%)	2mo	$249,000	$166	63
682 Auahi Pl	0.29mi	3/2.0 (+1)	1,865 (+12%)	1mo	$244,000	$131	61
876 Manini Way	0.59mi	3/2.0 (+1)	1,750 (+5%)	6mo	$225,000	$129	54
89338 Diamondhead Dr	0.65mi	3/2.0 (+1)	1,774 (+7%)	1mo	$329,000	$185	52
88154 Golf Club Dr	0.71mi	3/2.0 (+1)	1,775 (+7%)	2mo	$279,000	$157	49
87136 Golf Club Dr	0.58mi	3/2.0 (+1)	1,496 (-10%)	6mo	$250,000	$167	46
87112 Highpoint Dr	0.72mi	3/2.0 (+1)	1,475 (-11%)	1mo	$319,000	$216	41
796 Hapuna Pl	0.59mi	3/2.0 (+1)	1,907 (+15%)	4mo	$310,000	$163	40

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: -21.0%
• Equity multiple: 0.27×
• Total profit: $-48,744
• Equity at exit: $35,636

10-year hold

• IRR: -14.2%
• Equity multiple: 0.18×
• Total profit: $-54,997
• Equity at exit: $20,664

Cash invested: $66,920 (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: $2,081 medium
• Mortgage (P&I): −$1,253
• Tax est. 1.5%: −$299 /mo · $3,585/yr
• Insurance: −$100
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$85
• Vacancy / Maint / Mgmt: −$437
• Net cashflow: $-159

Break-even live

Break-even rent $2,282

Max offer price $215,961

Occupancy floor —

Sensitivity live

Price	-10% $6	-5% $-77	+0% $-159	+5% $-242	+10% $-324
Rent	-10% $-324	-5% $-241	+0% $-159	+5% $-77	+10% $5
Rate	-1.0pp $-39	-0.5pp $-98	base $-159	+0.5pp $-221	+1.0pp $-284

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: $59,750
• Closing costs: $7,170
• 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	0.62mi
250 Highpoint Dr Diamondhead, MS	2.0	2.5	1367	$2,500	$1.83	45d	1	0.72mi
250 Highpoint Dr Unit 250 Diamondhead, MS	2.0	2.5	1367	$2,500	$1.83	23d	1	0.72mi

HOA detail

• Monthly dues: $85 · $1,020/yr

Listing history 34 events

1. 2026-06-21
   days on market $239,000 Active 45 DOM
2. 2026-06-18
   days on market $239,000 Active 42 DOM
3. 2026-06-17
   days on market $239,000 Active 41 DOM
4. 2026-06-16
   days on market $239,000 Active 40 DOM
5. 2026-06-15
   days on market $239,000 Active 39 DOM
6. 2026-06-14
   days on market $239,000 Active 37 DOM
7. 2026-06-13
   days on market $239,000 Active 36 DOM
8. 2026-06-10
   days on market $239,000 Active 34 DOM
9. 2026-06-09
   days on market $239,000 Active 33 DOM
10. 2026-06-08
    days on market $239,000 Active 32 DOM
11. 2026-06-07
    days on market $239,000 Active 31 DOM
12. 2026-06-05
    pricedays on market $239,000 Active 28 DOM
13. 2026-06-03
    days on market $259,000 Active 27 DOM
14. 2026-06-02
    days on market $259,000 Active 26 DOM
15. 2026-06-01
    days on market $259,000 Active 25 DOM
16. 2026-05-31
    days on market $259,000 Active 24 DOM
17. 2026-05-30
    days on market $259,000 Active 23 DOM
18. 2026-05-07
    listed $259,000 Active 940-char remark
19. 2026-04-07
    historical
20. 2025-04-08
    status Active
21. 2025-04-07
    historical
22. 2025-04-07
    listed $249,000 Active
23. 2024-01-09
    historical
24. 2023-01-11
    listed $259,000 Active
25. 2022-12-31
    historical
26. 2022-07-04
    listed $256,500 Active
27. 2020-09-24
    soldstatus
28. 2020-08-17
    listed $162,000
29. 2012-06-27
    soldstatus
30. 2012-05-02
    listed $80,000
31. 2006-06-14
    soldstatus
32. 2006-06-13
    soldstatus
33. 2006-01-29
    listed $149,500
34. 2001-08-31
    soldstatus

ⓘ 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 7/10 Severe FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 3/10 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: $24,971
• − Mortgage interest: −$13,388
• − Property taxes: −$3,585
• − Insurance: −$1,992
• − Repairs & maintenance: −$1,998
• − Management: −$1,998
• − HOA: −$1,020
• − Depreciation: −$6,953
• Taxable loss: −$5,962
• Est. tax savings @ 24.0%: +$1,431
• After-tax cash flow: $-480/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

+59.9% since first listed

18 events — show timeline

• 2026-06-03 Price Changed $239,000 MLSU
• 2026-05-07 Listed $259,000 MLSU
• 2026-04-07 Listing Removed — MLSU
• 2025-04-08 Relisted — MLSU
• 2025-04-07 Listed $249,000 MLSU
• 2025-04-07 Listing Removed — MLSU
• 2024-01-09 Listing Removed — MLSU
• 2023-01-11 Listed $259,000 MLSU
• 2022-12-31 Listing Removed — MLSU
• 2022-07-04 Listed $256,500 MLSU
• 2020-09-24 Sold (MLS) — MLSU
• 2020-08-17 Listed $162,000 MLSU
• 2012-06-27 Sold (MLS) — MLSU
• 2012-05-02 Listed $80,000 MLSU
• 2006-06-14 Sold (Public Records) — Public Records
• 2006-06-13 Sold (MLS) — MLSU
• 2006-01-29 Listed $149,500 MLSU
• 2001-08-31 Sold (Public Records) — Public Records

Property tax history

-11.5%/yr

Latest (2025): $301 · +0.0% YoY. Source: county tax records.