89357 E Diamondhead Dr · Diamondhead, MS 39525

$279,000

3 bd · 2.5 ba · 2,240 sqft · SingleFamily public records · 9 Days on market

Built 1996 9,583 sqft lot $125/sqft · at area comps Est $332k · 16% under $117/mo HOA · 6% 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 +14.7/15.0
• Cash flow +8.5/30.0
• Schools +3.9/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +2.3/10.0
• 1% rule +2.1/10.0
• Appreciation +0.0/10.0

Listing remarks

Welcome home to this bright and spacious corner-lot beauty with a side-entry two-car garage and circular drive for effortless parking and access. Inside, you'll find granite countertops, stainless steel appliances, and a large walk-in pantry in the kitchen, along with tray ceilings and vinyl and ceramic tile flooring throughout the house. There's plenty of room to spread out, plus an oversized bonus sunroom—ideal for a studio, media room, or extra living space. Low-maintenance yard and a roof less than three years old. Ready for you to move right in!

Key facts

• 9,583 sq ft lot
• 2 garage spots
• Community pool

Property features AI

Finance

• Other: Lot approximately 0.22 acre (dimensions: 79 x 134 x 63 x 123); Waterfront: yes
• Financial info: Tax information: provided (details excluded per instructions)
• HOA & community: Homeowners association with monthly fees ($85 and additional $32 monthly); Association covers maintenance of grounds, management, and pool service; Community amenities include boating, clubhouse, golf, and tennis courts

Exterior

• Parking: 2-car garage; Circular driveway; Garage door opener
• Security: Security: information not provided
• Utilities: Public water; Public sewer; Cable available; Electricity connected; Sewer connected; Water connected; Fiber to the house
• Home design: Single-family residence (house); One level
• Construction: Brick veneer and stucco exterior; Slab foundation; Year built: information from assessor
• Exterior features: Shingle roof; Rain gutters; Back yard fencing; Beach access (waterfront)

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Oven; Refrigerator; Stone countertops
• Bedrooms: Bedrooms: information not provided
• Flooring: Carpet; Ceramic tile
• Bathrooms: 2 full bathrooms and 1 half bathroom
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Ceiling fans; Entrance foyer; High ceilings; Stone counters; Walk-in closets; Wet bar; French doors; Window treatments; Fireplace (other type)
• Laundry & utility: Laundry: information not provided

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath single-family listed at $279k.

Deal economics

• At list price, monthly cash flow is $-247 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $235k (15.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $199k (28.8% below list).
• Recommended offer: $199k (28.8% 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; 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 $8k 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

• Only 9 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 12y 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.

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 $198,751 (28.8% 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. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 0.71% ✗
• Cap rate: 5.23%
• Cash-on-cash: -3.80%
• DSCR: 0.83
• GRM: 11.7

CMA / ARV

• ARV (median comp): $332,177
• List price: $279,000
• Delta: -16.01%
• 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
882 Maili Pl	0.19mi	3/2.0	2,172 (-3%)	2mo	$285,000	$131	82
8834 Kipapa Way	0.27mi	4/2.0 (+1)	2,192 (-2%)	3mo	$260,000	$119	74
7913 Lanai St	0.50mi	3/2.5	2,272 (+1%)	2mo	$397,500	$175	73
7888 Hilo Way	0.44mi	3/2.5	2,359 (+5%)	1mo	$257,000	$109	70
8814 Malino Pl	0.46mi	3/2.5	2,100 (-6%)	4mo	$265,000	$126	64
796 Hapuna Pl	0.20mi	3/2.0	1,907 (-15%)	4mo	$310,000	$163	61
9912 Honomu Pl	0.37mi	4/2.0 (+1)	2,050 (-8%)	1mo	$310,000	$151	61
682 Hilo Way	0.64mi	4/3.0 (+1)	2,289 (+2%)	1mo	$312,000	$136	59
6846 Hilo St	0.68mi	4/3.0 (+1)	2,130 (-5%)	2mo	$298,000	$140	52
78102 Hilo Way	0.58mi	3/2.0	1,995 (-11%)	7mo	$239,500	$120	47
97169 Kapalama Dr	0.72mi	3/2.0	2,035 (-9%)	4mo	$210,000	$103	46
7922 Ewa Ct	0.44mi	4/2.0 (+1)	1,950 (-13%)	7mo	$259,000	$133	45

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: -22.7%
• Equity multiple: 0.22×
• Total profit: $-61,008
• Equity at exit: $41,600

10-year hold

• IRR: -17.1%
• Equity multiple: 0.06×
• Total profit: $-73,572
• Equity at exit: $24,123

Cash invested: $78,120 (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: 11.7×

Monthly cashflow live

• Estimated rent: $1,988 medium
• Mortgage (P&I): −$1,463
• Tax from tax record: −$121 /mo · $1,455/yr
• Insurance: −$116
• HOA: −$117
• Vacancy / Maint / Mgmt: −$417
• Net cashflow: $-247

Break-even live

Break-even rent $2,301

Max offer price $235,288

Occupancy floor —

Sensitivity live

Price	-10% $-90	-5% $-168	+0% $-247	+5% $-326	+10% $-405
Rent	-10% $-404	-5% $-326	+0% $-247	+5% $-169	+10% $-90
Rate	-1.0pp $-107	-0.5pp $-176	base $-247	+0.5pp $-320	+1.0pp $-393

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: $69,750
• Closing costs: $8,370
• 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	1.41mi

HOA detail

• Monthly dues: $117 · $1,404/yr

Listing history 11 events

1. 2026-05-09
   status Pending 562-char remark
2. 2026-04-30
   listed $279,000 Active 562-char remark
3. 2021-10-02
   historical
4. 2021-10-01
   historical
5. 2021-10-01
   historical
6. 2020-12-04
   soldstatus
7. 2020-07-02
   listed $249,900
8. 2019-07-10
   listed $249,900
9. 2015-03-30
   listed $194,900
10. 2014-06-21
    listed $219,000
11. 1998-08-26
    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: $1,455 · $121/mo
• Projected year-2 tax: $2,204 · $184/mo
• Expected delta: +$749/yr (+$62/mo · 51.5%)

ⓘ 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 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: $23,850
• − Mortgage interest: −$15,628
• − Property taxes: −$1,455
• − Insurance: −$1,395
• − Repairs & maintenance: −$1,908
• − Management: −$1,908
• − HOA: −$1,404
• − Depreciation: −$8,116
• Taxable loss: −$7,964
• Est. tax savings @ 24.0%: +$1,911
• After-tax cash flow: $-1,058/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

+27.4% since first listed

12 events — show timeline

• 2026-05-27 Sold (MLS) — MLSU
• 2026-05-09 Pending — MLSU
• 2026-04-30 Listed $279,000 MLSU
• 2021-10-02 Listing Removed — MLSU
• 2021-10-01 Listing Removed — MLSU
• 2021-10-01 Listing Removed — MLSU
• 2020-12-04 Sold (MLS) — MLSU
• 2020-07-02 Listed $249,900 MLSU
• 2019-07-10 Listed $249,900 MLSU
• 2015-03-30 Listed $194,900 MLSU
• 2014-06-21 Listed $219,000 MLSU
• 1998-08-26 Sold (Public Records) — Public Records

Property tax history

-0.1%/yr

Latest (2025): $1,455 · +0.0% YoY. Source: county tax records.