7941 Hilo Way · Diamondhead, MS 39525

$169,000

3 bd · 2.5 ba · 1,246 sqft · SingleFamily public records · 15 Days on market

Built 1979 8,712 sqft lot Est $206k · 18% 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 +30.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +7.6/10.0
• Schools +3.9/10.0
• 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

Wow! Bank Owned! 2220 sq. ft. for $129,900- thats less than $59 per sq. ft! Large home has 4 beds, 2.5 baths, formal dining room, living room, and den! Very private fenced back yard w/ mature trees, large garage w/ golf cart door! Sold ''as is where is'' No warranties! Awesome area of D'head! Hurry!

Key facts

• 8,712 sq ft lot
• 2 garage spots
• Community pool

Property features AI

Finance

• HOA & community: Community with clubhouse, golf, pool, and tennis courts; Association dues paid monthly

Exterior

• Parking: 2-car garage
• Utilities: Public water; Public sewer; Electricity connected
• Home design: Single-family house; Two levels
• Construction: Brick construction; Shingle roof; Slab foundation; Built (year per public records)
• Exterior features: Deck; Patio; Porch; Fenced lot; Additional exterior details — see remarks

Interior

• Flooring: Carpet (additional details: see remarks)
• Bathrooms: 2 full bathrooms; 1 half bathroom (3 total)
• Heating & cooling: Central electric heating; Central air conditioning (electric)
• Interior features: Fireplace (see remarks); Carpet flooring (see remarks); Additional interior details — see remarks

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath single-family listed at $169k.

Deal economics

• At list price, monthly cash flow is $673 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $169k).
• Recommended offer: $166k (1.5% below list) — sets the bar for market timing.
• Cap rate 11.1% 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: 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: 246 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 21d 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 $1k of loan paydown is wiped out by about $5k 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $47k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 15 days — a 2% lower offer ($166k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 17y ago; this cycle's ask has dropped $10k (6%) 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→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $166,465 (1.5% below list)

Questions for the listing agent

1. Built in 1979 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 1.26% ✓
• Cap rate: 11.07%
• Cash-on-cash: 17.06%
• DSCR: 1.76
• GRM: 6.6

CMA / ARV

• ARV (on-the-fly): $205,590
• Comps found: 11

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
8878 Kipapa Ct	0.52mi	3/2.0	1,288 (+3%)	5mo	$199,000	$155	64
8924 Hamakua St	0.57mi	3/2.0	1,181 (-5%)	5mo	$109,900	$93	59
9835 Ana Hulu St	0.66mi	3/2.0	1,250 (+0%)	12mo	$188,000	$150	57
988 Kaimuki Ct	0.69mi	3/2.0	1,315 (+6%)	1mo	$189,999	$144	56
994 Hamakua Ct	0.62mi	3/2.0	1,179 (-5%)	8mo	$195,000	$165	53
992 Halawa Ct	0.68mi	3/2.0	1,356 (+9%)	1mo	$269,900	$199	51
6 Pelican Cv	0.30mi	2/2.0 (-1)	1,325 (+6%)	21mo	$225,000	$170	51
8826 Kipapa Way	0.52mi	3/2.0	1,413 (+13%)	1mo	$249,000	$176	50
87108 Highpoint Dr	0.69mi	3/2.0	1,304 (+5%)	14mo	$343,000	$263	47
9810 Ana Hulu St	0.63mi	3/2.0	1,089 (-13%)	6mo	$167,000	$153	43
9936 Ana Hulu St	0.66mi	2/1.5 (-1)	1,116 (-10%)	2mo	$195,000	$175	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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 8.3%
• Equity multiple: 1.33×
• Total profit: $15,389
• Equity at exit: $25,198

10-year hold

• IRR: 17.5%
• Equity multiple: 2.44×
• Total profit: $68,304
• Equity at exit: $14,612

Cash invested: $47,320 (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: 246
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $2,133 medium
• Mortgage (P&I): −$886
• Tax from tax record: −$56 /mo · $673/yr
• Insurance: −$70
• HOA: −$0
• Vacancy / Maint / Mgmt: −$448
• Net cashflow: $673

Break-even live

Break-even rent $1,282

Max offer price $169,000

Occupancy floor 63%

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: $42,250
• Closing costs: $5,070
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
289 Highpoint Dr Diamondhead, MS	2.0	2.5	1340	$1,700	$1.27	13d	1	0.66mi
250 Highpoint Dr Unit 250 Diamondhead, MS	2.0	2.5	1367	$2,500	$1.83	21d	1	0.79mi
250 Highpoint Dr Diamondhead, MS	2.0	2.5	1367	$2,500	$1.83	43d	1	0.79mi
208 Molokai Vlg Diamondhead, MS	2.0	2.0	951	$1,250	$1.31	21d	1	1.31mi

Listing history 14 events

1. 2026-06-18
   status $169,000 Pending 15 DOM
2. 2026-06-18
   days on market $169,000 Active 15 DOM
3. 2026-06-17
   days on market $169,000 Active 14 DOM
4. 2026-06-16
   days on market $169,000 Active 13 DOM
5. 2026-06-15
   days on market $169,000 Active 12 DOM
6. 2026-06-14
   days on market $169,000 Active 10 DOM
7. 2026-06-13
   pricedays on market $169,000 Active 9 DOM
8. 2026-06-10
   days on market $175,000 Active 7 DOM
9. 2026-06-09
   days on market $175,000 Active 6 DOM
10. 2026-06-09
    price $175,000 Active 5 DOM
11. 2026-06-08
    days on market $179,000 Active 5 DOM
12. 2026-06-07
    days on market $179,000 Active 4 DOM
13. 2026-06-05
    remarks 524-char remark
14. 2026-06-05
    listed $179,000 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: $673 · $56/mo
• Projected year-2 tax: $1,335 · $111/mo
• Expected delta: +$663/yr (+$55/mo · 98.5%)

ⓘ 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 ≥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: $25,600
• − Mortgage interest: −$9,467
• − Property taxes: −$673
• − Insurance: −$845
• − Repairs & maintenance: −$2,048
• − Management: −$2,048
• − Depreciation: −$4,916
• Taxable income: $5,603
• Est. tax owed @ 24.0%: −$1,345
• After-tax cash flow: $6,726/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

+37.8% since first listed

4 events — show timeline

• 2026-06-03 Listed $179,000 MLSU
• 2009-09-01 Sold (MLS) — MLSU
• 2009-08-13 Listed $129,900 MLSU
• 1996-04-04 Sold (Public Records) — Public Records

Property tax history

+0.9%/yr

Latest (2025): $673 · +0.0% YoY. Source: county tax records.