14910 Calcutta Dr · Lyman, MS 39503

$235,000

4 bd · 1.0 ba · 1,877 sqft · SingleFamily public records · 52 Days on market

Built 2012 8,712 sqft lot $125/sqft · at area comps Est $241k · at est. $17/mo HOA · 1% 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).

• Cash flow +15.8/30.0
• ARV discount +8.6/15.0
• DSCR +4.9/10.0
• Rent growth +4.2/5.0
• Schools +4.2/10.0
• 1% rule +3.5/10.0
• Livability +3.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Located in the sought-after Windance Subdivision in Gulfport, this beautiful brick single-family home built in 2012 offers the ideal combination of modern construction, functional design, and community living. Nestled within one of Gulfport's most desirable golf course neighborhoods, the home provides both comfort and convenience in a peaceful residential setting. Inside, you'll find an inviting layout with spacious living areas, abundant natural light, and a floor plan designed for both everyday living and entertaining. The kitchen flows easily into the main living space, creating a welcoming environment for gatherings and relaxed coastal living. Situated in the established Windance Country Club community, residents enjoy beautifully maintained surroundings and a neighborhood atmosphere that reflects pride of ownership throughout. The location also provides convenient access to shopping, dining, entertainment, and the stunning beaches of the Mississippi Gulf Coast. Whether you're searching for a primary residence or a newer home in a desirable neighborhood, this Windance property offers a wonderful opportunity to enjoy the best of Gulfport living.

Key facts

• Windance subdivision
• 8,712 sq ft lot
• 2 garage spots

Tags

• WINDANCE SUBDIVISION
• CONVENIENT ACCESS TO SHOPPING
• CONVENIENT ACCESS TO DINING
• CONVENIENT ACCESS TO BEACHES

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $235k.

Deal economics

• At list price, monthly cash flow is $108 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $199k (15.4% below list).
• Recommended offer: $199k (15.4% below list) — sets the bar for 1% rule.
• Cap rate 6.8% vs local median 4.4% in Lyman — 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 69/100 on livability (#47 in MS) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, cost of living A+; Watch: schools F, amenities F, commute F.
• Harrison County School District (rural): math 52% / reading 46% proficiency, ranked #14 of 130 in MS (top 11%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 62% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+7.0%/yr); 763 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 2,194 units permitted in Harrison County in 2024 (0 in 5+ unit buildings).
• This rent runs 38% of the median local income ($63k/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 $2k of loan paydown is wiped out by about $7k 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.

Negotiation context

• It's been on market 52 days — a 3% lower offer ($228k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 5y 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; major wildfire risk; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $198,772 (15.4% 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 15% concession, seller financing, or rate buy-down credit?
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. Schools are F-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. 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?
6. 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.
7. 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.
8. 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: 0.85% ✗
• Cap rate: 6.84%
• Cash-on-cash: 1.97%
• DSCR: 1.09
• GRM: 9.9

CMA / ARV

• ARV (median comp): $241,010
• List price: $235,000
• Delta: -2.49%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
14910 Calcutta Dr	0.00mi	4/2.0	1,877 (0%)	0mo	$235,000	$125	96
14987 Calcutta Dr	0.15mi	3/2.0 (-1)	1,814 (-3%)	0mo	$270,000	$149	78
12515 Windance Dr	0.04mi	4/2.5	1,958 (+4%)	20mo	$369,900	$189	68
20021 Windance West Dr	0.05mi	3/2.0 (-1)	1,691 (-10%)	9mo	$238,900	$141	65
14800 Calcutta Dr	0.20mi	3/2.0 (-1)	1,936 (+3%)	17mo	$335,000	$173	62
12463 Somerset Ct	0.35mi	3/2.0 (-1)	1,746 (-7%)	3mo	$210,000	$120	60
12384 Crestview Ct	0.34mi	3/2.5 (-1)	1,826 (-3%)	10mo	$205,000	$112	60
14933 Calcutta Dr	0.06mi	3/2.0 (-1)	1,694 (-10%)	21mo	$245,000	$145	55
12455 Somerset Ct	0.34mi	3/2.0 (-1)	1,707 (-9%)	7mo	$205,000	$120	54
12586 Lake Village Dr	0.26mi	4/2.0	2,091 (+11%)	15mo	$349,900	$167	52
12487 Lakeland Ct	0.18mi	3/2.0 (-1)	1,640 (-13%)	19mo	$195,000	$119	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 · 6.99% rent growth · sell at horizon

5-year hold

• IRR: -9.2%
• Equity multiple: 0.65×
• Total profit: $-22,968
• Equity at exit: $35,039

10-year hold

• IRR: 4.6%
• Equity multiple: 1.39×
• Total profit: $25,560
• Equity at exit: $20,319

Cash invested: $65,800 (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 39503

• Home prices YoY: -21.5%
• Rents YoY: 7.0%
• Active inventory: 763
• Price-to-rent: 9.9×

Monthly cashflow live

• Estimated rent: $1,988 medium
• Mortgage (P&I): −$1,232
• Tax from tax record: −$115 /mo · $1,380/yr
• Insurance: −$98
• HOA: −$17
• Vacancy / Maint / Mgmt: −$417
• Net cashflow: $108

Break-even live

Break-even rent $1,851

Max offer price $235,000

Occupancy floor 90%

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: $58,750
• Closing costs: $7,050
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
12505 Windance Dr Gulfport, MS	3.0	2.0	2017	$2,050	$1.02	44d	1	0.08mi

HOA detail

• Monthly dues: $17 · $204/yr

Listing history 9 events

1. 2026-05-03
   status Pending 1175-char remark

   Show marketing remark (1175 chars)

   Located in the sought-after Windance Subdivision in Gulfport, this beautiful brick single-family home built in 2012 offers the ideal combination of modern construction, functional design, and community living. Nestled within one of Gulfport's most desirable golf course neighborhoods, the home provides both comfort and convenience in a peaceful residential setting. Inside, you'll find an inviting layout with spacious living areas, abundant natural light, and a floor plan designed for both everyday living and entertaining. The kitchen flows easily into the main living space, creating a welcoming environment for gatherings and relaxed coastal living. Situated in the established Windance Country Club community, residents enjoy beautifully maintained surroundings and a neighborhood atmosphere that reflects pride of ownership throughout. The location also provides convenient access to shopping, dining, entertainment, and the stunning beaches of the Mississippi Gulf Coast. Whether you're searching for a primary residence or a newer home in a desirable neighborhood, this Windance property offers a wonderful opportunity to enjoy the best of Gulfport living.

2. 2026-04-08
   price $235,000 1175-char remark

   Show marketing remark (1175 chars)

   Located in the sought-after Windance Subdivision in Gulfport, this beautiful brick single-family home built in 2012 offers the ideal combination of modern construction, functional design, and community living. Nestled within one of Gulfport's most desirable golf course neighborhoods, the home provides both comfort and convenience in a peaceful residential setting. Inside, you'll find an inviting layout with spacious living areas, abundant natural light, and a floor plan designed for both everyday living and entertaining. The kitchen flows easily into the main living space, creating a welcoming environment for gatherings and relaxed coastal living. Situated in the established Windance Country Club community, residents enjoy beautifully maintained surroundings and a neighborhood atmosphere that reflects pride of ownership throughout. The location also provides convenient access to shopping, dining, entertainment, and the stunning beaches of the Mississippi Gulf Coast. Whether you're searching for a primary residence or a newer home in a desirable neighborhood, this Windance property offers a wonderful opportunity to enjoy the best of Gulfport living.

3. 2026-03-11
   listed $240,000 Active 1175-char remark

   Show marketing remark (1175 chars)

   Located in the sought-after Windance Subdivision in Gulfport, this beautiful brick single-family home built in 2012 offers the ideal combination of modern construction, functional design, and community living. Nestled within one of Gulfport's most desirable golf course neighborhoods, the home provides both comfort and convenience in a peaceful residential setting. Inside, you'll find an inviting layout with spacious living areas, abundant natural light, and a floor plan designed for both everyday living and entertaining. The kitchen flows easily into the main living space, creating a welcoming environment for gatherings and relaxed coastal living. Situated in the established Windance Country Club community, residents enjoy beautifully maintained surroundings and a neighborhood atmosphere that reflects pride of ownership throughout. The location also provides convenient access to shopping, dining, entertainment, and the stunning beaches of the Mississippi Gulf Coast. Whether you're searching for a primary residence or a newer home in a desirable neighborhood, this Windance property offers a wonderful opportunity to enjoy the best of Gulfport living.

4. 2022-01-10
   soldstatus Closed 464-char remark

   Show marketing remark (464 chars)

   Spacious home with a backyard lake view! Located in Windance West this property features handicapped front door ramp, backdoor ramp, wide sidewalk to accommodate wheel chair for easy entry and exits, high ceilings, open living/ kitchen and dining room, granite countertops, matching appliances, tons of natural light and a split bedroom floor plan, large fenced in yard, copious amounts of closet/ storage space and so much more! Call today to schedule a showing!

5. 2022-01-10
   soldstatus

   Show marketing remark (464 chars)

   Spacious home with a backyard lake view! Located in Windance West this property features handicapped front door ramp, backdoor ramp, wide sidewalk to accommodate wheel chair for easy entry and exits, high ceilings, open living/ kitchen and dining room, granite countertops, matching appliances, tons of natural light and a split bedroom floor plan, large fenced in yard, copious amounts of closet/ storage space and so much more! Call today to schedule a showing!

6. 2021-11-16
   status Pending 464-char remark

   Show marketing remark (464 chars)

   Spacious home with a backyard lake view! Located in Windance West this property features handicapped front door ramp, backdoor ramp, wide sidewalk to accommodate wheel chair for easy entry and exits, high ceilings, open living/ kitchen and dining room, granite countertops, matching appliances, tons of natural light and a split bedroom floor plan, large fenced in yard, copious amounts of closet/ storage space and so much more! Call today to schedule a showing!

7. 2021-11-10
   listed $218,200 Active 464-char remark

   Show marketing remark (464 chars)

   Spacious home with a backyard lake view! Located in Windance West this property features handicapped front door ramp, backdoor ramp, wide sidewalk to accommodate wheel chair for easy entry and exits, high ceilings, open living/ kitchen and dining room, granite countertops, matching appliances, tons of natural light and a split bedroom floor plan, large fenced in yard, copious amounts of closet/ storage space and so much more! Call today to schedule a showing!

8. 2013-04-09
   soldstatus
9. 2013-01-07
   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: $1,380 · $115/mo
• Projected year-2 tax: $1,857 · $155/mo
• Expected delta: +$477/yr (+$40/mo · 34.6%)

ⓘ 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 6/10 Major
• 🌡 Heat 10/10 Extreme 7 d/yr ≥108°F today · 22 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,853
• − Mortgage interest: −$13,164
• − Property taxes: −$1,380
• − Insurance: −$1,175
• − Repairs & maintenance: −$1,908
• − Management: −$1,908
• − HOA: −$204
• − Depreciation: −$6,836
• Taxable loss: −$2,722
• Est. tax savings @ 24.0%: +$653
• After-tax cash flow: $1,950/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: Harrison County School District
• NCES district ID: 2801770
• Math proficiency: 52% ▼ -4.00%
• Reading proficiency: 46% ▼ -4.00%
• Median HH income: $46,504
• Composite: 41.66/100
• National rank: #3419
• State rank: #14 of 130 in MS

Livability — Lyman

• Score: 69/100
• State rank: #47
• US rank: #8189

Category grades

Amenities F Commute F Cost of living A+ Crime A+ Employment A+ Housing A+ Health & safety F User ratings A-

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Harrison County · 178,171 people
• Metro: Gulfport-Biloxi, MS
• Population (ZIP): 55,059
• Household income: $62,641
• Rent vs Own: 29.3% rent · 70.7% own
• Severe rent burden: 1686.0

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 0.58)
• Race & ethnicity: White 58% Black 27% Two or more races 9% Hispanic / Latino 6% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 1%
• Common ancestry: Lithuanian 5% Slovak 1% Portuguese 1%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 3%

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: ▼ -51.39%
• Current HPI: 187.285
• Rent YoY: ▲ 6.99%
• Metro: Gulfport-Biloxi, MS
• State GDP YoY: —
• F500 in state: 0

Price history

+7.7% since first listed

9 events — show timeline

• 2026-05-03 Pending — MLSU
• 2026-04-08 Price Changed $235,000 MLSU
• 2026-03-11 Listed $240,000 MLSU
• 2022-01-10 Sold (Public Records) — Public Records
• 2022-01-10 Sold (MLS) — MLSU
• 2021-11-16 Pending — MLSU
• 2021-11-10 Listed $218,200 MLSU
• 2013-04-09 Sold (Public Records) — Public Records
• 2013-01-07 Sold (Public Records) — Public Records

Property tax history

+4.8%/yr

Latest (2025): $1,380 · +5.8% YoY. Source: county tax records.