8428 Ieke Dr · Diamondhead, MS 39525

$254,000

3 bd · 2.5 ba · 1,147 sqft · SingleFamily public records · 169 Days on market

Built 1999 $221/sqft · 43% above area Est $283k · 10% under $109/mo HOA · 5% 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 +12.1/15.0
• Cash flow +11.2/30.0
• Schools +3.9/10.0
• Livability +3.4/5.0
• DSCR +3.3/10.0
• 1% rule +2.9/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Have you been looking for that perfect updated home in a golf course neighborhood with a spacious yard? Look no further here it is. Come see that beautiful 4 bedroom home that has New Flooring and New AC's, quartz countertops, Hardi Board Siding, fenced yard and is ready for your family today! This home has the rustic farmhouse meets city vibes and is located in the Heart of Diamondhead. Take the Golf cart to dinner, the grocery store, local restaurants and so much more. The master suite is on the first level, as well as a spacious laundry and kitchen. Come see this Beauty today!

Key facts

• Hardi board siding
• Quartz countertops
• Fenced yard

Tags

• NEW FLOORING
• NEW ACS
• QUARTZ COUNTERTOPS
• HARDI BOARD SIDING
• FENCED YARD
• MASTER SUITE ON FIRST LEVEL

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath single-family listed at $254k.

Deal economics

• At list price, monthly cash flow is $-97 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $237k (6.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $201k (21.0% below list).
• Recommended offer: $201k (21.0% below list) — sets the bar for 1% rule.
• Cap rate 5.8% vs local median 4.9% in Diamondhead — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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: schools C-, amenities F, commute 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.
• Market conditions: 250 active listings in the ZIP; 5 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 $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

• It's been on market 169 days — a 12% lower offer ($224k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 12y ago; this cycle's ask has dropped $28k (10%) 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→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $200,586 (21.0% 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 169 days. Have you received any prior offers? Is the seller open to a 21% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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.
8. 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.
9. 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: 0.79% ✗
• Cap rate: 5.84%
• Cash-on-cash: -1.63%
• DSCR: 0.93
• GRM: 10.6

CMA / ARV

• ARV (median comp): $282,915
• List price: $254,000
• Delta: -10.22%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
742 Kaleki Way	0.11mi	3/2.0	1,218 (+6%)	14mo	$199,900	$164	71
8422 Kaleki Way	0.04mi	3/2.0	1,259 (+10%)	11mo	$218,000	$173	70
730 Kaleki Way	0.12mi	3/2.0	1,183 (+3%)	20mo	$196,900	$166	70
84144 Lola Dr	0.23mi	3/2.0	1,279 (+12%)	6mo	$189,498	$148	63
8310 Amoka Dr	0.15mi	3/2.0	1,270 (+11%)	19mo	$199,900	$157	57
94176 Bayou Dr	0.67mi	3/2.0	1,302 (+14%)	2mo	$265,000	$204	43
85068 Pohaku Dr	0.72mi	3/1.5	1,030 (-10%)	9mo	$216,990	$211	38
85070 Pohaku Dr	0.72mi	3/1.5	1,030 (-10%)	10mo	$215,990	$210	37

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: -19.0%
• Equity multiple: 0.33×
• Total profit: $-47,341
• Equity at exit: $37,872

10-year hold

• IRR: -11.6%
• Equity multiple: 0.31×
• Total profit: $-49,227
• Equity at exit: $21,961

Cash invested: $71,120 (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: 10.6×

Monthly cashflow live

• Estimated rent: $2,006 high
• Mortgage (P&I): −$1,332
• Tax from tax record: −$135 /mo · $1,616/yr
• Insurance: −$106
• HOA: −$109
• Vacancy / Maint / Mgmt: −$421
• Net cashflow: $-97

Break-even live

Break-even rent $2,128

Max offer price $236,894

Occupancy floor 100%

Sensitivity live

Price	-10% $47	-5% $-25	+0% $-97	+5% $-169	+10% $-241
Rent	-10% $-255	-5% $-176	+0% $-97	+5% $-18	+10% $62
Rate	-1.0pp $31	-0.5pp $-32	base $-97	+0.5pp $-163	+1.0pp $-230

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: $63,500
• Closing costs: $7,620
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
208 Molokai Vlg Diamondhead, MS	2.0	2.0	951	$1,250	$1.31	22d	1	1.05mi
250 Highpoint Dr Unit 250 Diamondhead, MS	2.0	2.5	1367	$2,500	$1.83	22d	1	1.08mi
250 Highpoint Dr Diamondhead, MS	2.0	2.5	1367	$2,500	$1.83	45d	1	1.08mi
5402 Gex Dr Diamondhead, MS	2.0	1.0	1240	$1,500	$1.21	14d	1	1.10mi
289 Highpoint Dr Diamondhead, MS	2.0	2.5	1340	$1,700	$1.27	14d	1	1.20mi

HOA detail

• Monthly dues: $109 · $1,308/yr

Listing history 16 events

1. 2026-05-08
   price $254,000 587-char remark

   Show marketing remark (587 chars)

   Have you been looking for that perfect updated home in a golf course neighborhood with a spacious yard? Look no further here it is. Come see that beautiful 4 bedroom home that has New Flooring and New AC's, quartz countertops, Hardi Board Siding, fenced yard and is ready for your family today! This home has the rustic farmhouse meets city vibes and is located in the Heart of Diamondhead. Take the Golf cart to dinner, the grocery store, local restaurants and so much more. The master suite is on the first level, as well as a spacious laundry and kitchen. Come see this Beauty today!

2. 2026-04-03
   price $258,000 587-char remark

   Show marketing remark (587 chars)

   Have you been looking for that perfect updated home in a golf course neighborhood with a spacious yard? Look no further here it is. Come see that beautiful 4 bedroom home that has New Flooring and New AC's, quartz countertops, Hardi Board Siding, fenced yard and is ready for your family today! This home has the rustic farmhouse meets city vibes and is located in the Heart of Diamondhead. Take the Golf cart to dinner, the grocery store, local restaurants and so much more. The master suite is on the first level, as well as a spacious laundry and kitchen. Come see this Beauty today!

3. 2026-03-03
   price $273,000 587-char remark

   Show marketing remark (587 chars)

   Have you been looking for that perfect updated home in a golf course neighborhood with a spacious yard? Look no further here it is. Come see that beautiful 4 bedroom home that has New Flooring and New AC's, quartz countertops, Hardi Board Siding, fenced yard and is ready for your family today! This home has the rustic farmhouse meets city vibes and is located in the Heart of Diamondhead. Take the Golf cart to dinner, the grocery store, local restaurants and so much more. The master suite is on the first level, as well as a spacious laundry and kitchen. Come see this Beauty today!

4. 2026-01-29
   price $277,117 587-char remark

   Show marketing remark (587 chars)

   Have you been looking for that perfect updated home in a golf course neighborhood with a spacious yard? Look no further here it is. Come see that beautiful 4 bedroom home that has New Flooring and New AC's, quartz countertops, Hardi Board Siding, fenced yard and is ready for your family today! This home has the rustic farmhouse meets city vibes and is located in the Heart of Diamondhead. Take the Golf cart to dinner, the grocery store, local restaurants and so much more. The master suite is on the first level, as well as a spacious laundry and kitchen. Come see this Beauty today!

5. 2025-12-04
   listed $282,117 Active 587-char remark

   Show marketing remark (587 chars)

   Have you been looking for that perfect updated home in a golf course neighborhood with a spacious yard? Look no further here it is. Come see that beautiful 4 bedroom home that has New Flooring and New AC's, quartz countertops, Hardi Board Siding, fenced yard and is ready for your family today! This home has the rustic farmhouse meets city vibes and is located in the Heart of Diamondhead. Take the Golf cart to dinner, the grocery store, local restaurants and so much more. The master suite is on the first level, as well as a spacious laundry and kitchen. Come see this Beauty today!

6. 2019-04-30
   soldstatus 928-char remark

   Show marketing remark (928 chars)

   Dream Home Alert! Your search has ended as you have now found the perfect home in Diamondhead! This 3 bedroom 2 and half bath two story hardie plank and brick home with lots of extras is ready for you to move in! This home has it all - from the outside curb appeal featuring a front porch anyone would love to the huge backyard fit for entertaining and playing! - to top that off home comes with a lot and a half! Step inside to the inviting living area leading into a fabulous kitchen with all the amenities you would need! Cabinets with special hinges, stainless steel appliances, quartz counter tops, and more! Master bedroom and bath with light up sinks and mirrored closets on the main floor. Oh and if you love shiplap check out the half bath also on the main floor. Head upstairs to 2 more bedrooms and bathroom AND another room which could be used as an office or bedroom. This home is ideal for anyone - especially YOU!

7. 2019-03-12
   listed $197,000 928-char remark

   Show marketing remark (928 chars)

   Dream Home Alert! Your search has ended as you have now found the perfect home in Diamondhead! This 3 bedroom 2 and half bath two story hardie plank and brick home with lots of extras is ready for you to move in! This home has it all - from the outside curb appeal featuring a front porch anyone would love to the huge backyard fit for entertaining and playing! - to top that off home comes with a lot and a half! Step inside to the inviting living area leading into a fabulous kitchen with all the amenities you would need! Cabinets with special hinges, stainless steel appliances, quartz counter tops, and more! Master bedroom and bath with light up sinks and mirrored closets on the main floor. Oh and if you love shiplap check out the half bath also on the main floor. Head upstairs to 2 more bedrooms and bathroom AND another room which could be used as an office or bedroom. This home is ideal for anyone - especially YOU!

8. 2017-11-29
   soldstatus
9. 2017-10-06
   listed $169,800
10. 2017-06-02
    soldstatus
11. 2017-04-18
    listed $138,100
12. 2016-05-25
    historical
13. 2016-01-23
    listed $159,000
14. 2015-02-26
    soldstatus
15. 2014-11-11
    listed $156,000
16. 2001-04-16
    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: $1,616 · $135/mo
• Projected year-2 tax: $2,007 · $167/mo
• Expected delta: +$391/yr (+$33/mo · 24.2%)

ⓘ 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 2/10 Low
• 🌡 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: $24,070
• − Mortgage interest: −$14,228
• − Property taxes: −$1,616
• − Insurance: −$1,270
• − Repairs & maintenance: −$1,926
• − Management: −$1,926
• − HOA: −$1,308
• − Depreciation: −$7,389
• Taxable loss: −$5,591
• Est. tax savings @ 24.0%: +$1,342
• After-tax cash flow: $180/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

+62.8% since first listed

16 events — show timeline

• 2026-05-08 Price Changed $254,000 MLSU
• 2026-04-03 Price Changed $258,000 MLSU
• 2026-03-03 Price Changed $273,000 MLSU
• 2026-01-29 Price Changed $277,117 MLSU
• 2025-12-04 Listed $282,117 MLSU
• 2019-04-30 Sold (MLS) — MLSU
• 2019-03-12 Listed $197,000 MLSU
• 2017-11-29 Sold (MLS) — MLSU
• 2017-10-06 Listed $169,800 MLSU
• 2017-06-02 Sold (MLS) — MLSU
• 2017-04-18 Listed $138,100 MLSU
• 2016-05-25 Listing Removed — MLSU
• 2016-01-23 Listed $159,000 MLSU
• 2015-02-26 Sold (MLS) — MLSU
• 2014-11-11 Listed $156,000 MLSU
• 2001-04-16 Sold (Public Records) — Public Records

Property tax history

+3.1%/yr

Latest (2025): $1,616 · +0.0% YoY. Source: county tax records.