15055 Cedar Springs Dr · Biloxi, MS 39532

$292,000

4 bd · 1.0 ba · 1,744 sqft · SingleFamily public records · 10 Days on market

Built 2006 0.72 ac lot Est $270k · 8% over

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Why this score? — see what drove the F 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 +9.2/30.0
• Schools +4.2/10.0
• Livability +4.0/5.0
• ARV discount +3.9/15.0
• Rent growth +3.2/5.0
• DSCR +2.6/10.0
• Condition / age +2.5/5.0
• 1% rule +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

WELCOME HOME! Pack your bags and move right in but don't forget your swimsuit! This home packs a punch with an INGROUND SALT POOL, wonderful backyard for entertaining, over a 1/2 acre lot, partially fenced, a firepit, sought after neighborhood and schools. BONUS: There's also an amazing wooden boardwalk through the woods to a serene landing deck and huge swing for some nature watching. With 4 bedrooms and 2 full baths, vaulted ceilings and fireplace, what else could you ask for! Call your favorite Realtor today and make your appointment!

Key facts

• Newer roof
• Private oasis
• Beautiful pool

Tags

• NEWER ROOF
• PRIVATE OASIS
• EXPANSIVE BACKYARD
• BEAUTIFUL POOL
• PRIME LOCATION
• HIGHLY DESIRABLE COMMUNITY

Property features AI

Finance

• HOA & community: Sidewalks in the community

Exterior

• Parking: 2-car garage; Garage faces front; Concrete driveway
• Security: Prewired for security; Security system
• Utilities: Public water; Public sewer; Cable available; Electricity connected; Water connected; Sewer connected
• Home design: Single-family house; One story; Move-in ready
• Construction: Brick veneer exterior; Shingle roof; Slab foundation; Built according to public records
• Exterior features: Private in-ground saltwater pool; Deck; Porch and rear porch; Fire pit; Private yard; Rain gutters; Partial privacy wood fencing; Fenced; Pie-shaped lot

Interior

• Kitchen: Dishwasher; Free‑standing electric range; Microwave; Refrigerator; Water heater
• Flooring: Carpet; Ceramic tile; Laminate; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central electric heating; Central electric air conditioning
• Interior features: Ceiling fans; High ceilings; Wood-burning fireplace
• Laundry & utility: Dedicated laundry room

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $292k.

Deal economics

• At list price, monthly cash flow is $-217 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $254k (13.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $197k (32.7% below list).
• Recommended offer: $197k (32.7% below list) — sets the bar for 1% rule.
• Cap rate 5.4% vs local median 3.5% in Biloxi — 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 79/100 on livability (#6 in MS, #2,141 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: commute D+, amenities F, employment D-.
• 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.
• Zoned schools: Woolmarket Elementary School (math 65% / reading 57%, grade B, #25 of 375 statewide, top 7%, 495 students, 99% FRL) — zoned schools average 99% FRL vs 62% district-wide (37 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 61% at this address vs 49% district-wide (+12 pts) — the actual schools serving this property are materially stronger than the Harrison County School District average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: Rents rising (+3.0%/yr); 393 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 34% of the median local income ($69k/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 $9k 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

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 20y 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.
• Current owner paid $176k; list at $292k implies a 66% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $196,593 (32.7% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 0.67% ✗
• Cap rate: 5.40%
• Cash-on-cash: -3.18%
• DSCR: 0.86
• GRM: 12.4

CMA / ARV

• ARV (on-the-fly): $270,320
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
15055 Cedar Springs Dr	0.00mi	4/2.0	1,777 (+2%)	1mo	$292,000	$164	92
14954 Clear Springs Dr	0.11mi	4/2.0	1,748 (+0%)	4mo	$259,900	$149	88
15210 Cedar Springs Dr	0.16mi	4/2.0	1,646 (-6%)	3mo	$260,000	$158	77
14975 Clear Springs Dr	0.14mi	3/2.0 (-1)	1,709 (-2%)	12mo	$220,000	$129	71
15003 Greenwell Cir	0.23mi	4/2.0	1,860 (+7%)	4mo	$274,999	$148	70
14984 Clear Springs Dr	0.13mi	3/2.0 (-1)	1,671 (-4%)	13mo	$259,000	$155	67
15053 Cedar Springs Dr	0.01mi	3/2.0 (-1)	1,709 (-2%)	24mo	$245,000	$143	67
15205 Cedar Springs Dr	0.19mi	4/2.0	1,890 (+8%)	9mo	$269,000	$142	66
15019 Clear Springs Dr	0.21mi	3/2.0 (-1)	1,709 (-2%)	22mo	$248,900	$146	59
8132 Curry Rd	0.43mi	4/2.5	1,929 (+11%)	13mo	$349,900	$181	46
15130 Cedar Springs Dr	0.16mi	3/2.0 (-1)	1,485 (-15%)	18mo	$235,000	$158	43
7953 Village Green Dr	0.60mi	3/2.0 (-1)	1,949 (+12%)	23mo	$364,500	$187	24

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 · 2.98% rent growth · sell at horizon

5-year hold

• IRR: -21.7%
• Equity multiple: 0.25×
• Total profit: $-61,269
• Equity at exit: $43,538

10-year hold

• IRR: -15.6%
• Equity multiple: 0.12×
• Total profit: $-71,769
• Equity at exit: $25,247

Cash invested: $81,760 (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 39532

• Rents YoY: 3.0%
• Active inventory: 393
• Price-to-rent: 12.4×

Monthly cashflow live

• Estimated rent: $1,966 medium
• Mortgage (P&I): −$1,531
• Tax from tax record: −$117 /mo · $1,400/yr
• Insurance: −$122
• HOA: −$0
• Vacancy / Maint / Mgmt: −$413
• Net cashflow: $-217

Break-even live

Break-even rent $2,240

Max offer price $253,753

Occupancy floor —

Sensitivity live

Price	-10% $-51	-5% $-134	+0% $-217	+5% $-299	+10% $-382
Rent	-10% $-372	-5% $-294	+0% $-217	+5% $-139	+10% $-61
Rate	-1.0pp $-69	-0.5pp $-142	base $-217	+0.5pp $-292	+1.0pp $-369

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: $73,000
• Closing costs: $8,760
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
9023 Bellewood Pl Biloxi, MS	4.0	2.0	2054	$2,300	$1.12	23d	1	1.48mi

Listing history 14 events

1. 2026-04-19
   status Pending
2. 2026-04-09
   listed $292,000 Active
3. 2022-05-24
   soldstatus
4. 2022-05-20
   soldstatus Closed 547-char remark

   Show marketing remark (547 chars)

   WELCOME HOME! Pack your bags and move right in but don't forget your swimsuit! This home packs a punch with an INGROUND SALT POOL, wonderful backyard for entertaining, over a 1/2 acre lot, partially fenced, a firepit, sought after neighborhood and schools. BONUS: There's also an amazing wooden boardwalk through the woods to a serene landing deck and huge swing for some nature watching. With 4 bedrooms and 2 full baths, vaulted ceilings and fireplace, what else could you ask for! Call your favorite Realtor today and make your appointment!

5. 2022-04-17
   status Pending 547-char remark

   Show marketing remark (547 chars)

   WELCOME HOME! Pack your bags and move right in but don't forget your swimsuit! This home packs a punch with an INGROUND SALT POOL, wonderful backyard for entertaining, over a 1/2 acre lot, partially fenced, a firepit, sought after neighborhood and schools. BONUS: There's also an amazing wooden boardwalk through the woods to a serene landing deck and huge swing for some nature watching. With 4 bedrooms and 2 full baths, vaulted ceilings and fireplace, what else could you ask for! Call your favorite Realtor today and make your appointment!

6. 2022-04-15
   listed $267,000 Active 547-char remark

   Show marketing remark (547 chars)

   WELCOME HOME! Pack your bags and move right in but don't forget your swimsuit! This home packs a punch with an INGROUND SALT POOL, wonderful backyard for entertaining, over a 1/2 acre lot, partially fenced, a firepit, sought after neighborhood and schools. BONUS: There's also an amazing wooden boardwalk through the woods to a serene landing deck and huge swing for some nature watching. With 4 bedrooms and 2 full baths, vaulted ceilings and fireplace, what else could you ask for! Call your favorite Realtor today and make your appointment!

7. 2021-10-01
   historical
8. 2015-03-10
   soldstatus $176,000
9. 2015-03-06
   soldstatus
10. 2013-11-20
    listed $179,900
11. 2012-05-01
    listed $177,900
12. 2006-08-09
    soldstatus
13. 2006-05-10
    listed $181,975
14. 2002-12-16
    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: $1,400 · $117/mo
• Projected year-2 tax: $2,307 · $192/mo
• Expected delta: +$907/yr (+$76/mo · 64.8%)

ⓘ 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 5/10 Major
• 🌡 Heat 9/10 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 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,591
• − Mortgage interest: −$16,357
• − Property taxes: −$1,400
• − Insurance: −$1,460
• − Repairs & maintenance: −$1,887
• − Management: −$1,887
• − Depreciation: −$8,495
• Taxable loss: −$7,894
• Est. tax savings @ 24.0%: +$1,895
• After-tax cash flow: $-703/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 — Biloxi

• Score: 79/100
• State rank: #6
• US rank: #2141

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Harrison County · 178,171 people
• City population: 63,281
• Metro: Gulfport-Biloxi, MS
• Population (ZIP): 36,662
• Household income: $68,710
• Rent vs Own: 36.7% rent · 63.3% own
• Severe rent burden: 954.0

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: Predominantly White (69%)
• Race & ethnicity: White 69% Black 15% Two or more races 9% Hispanic / Latino 6% Asian 4%
• Hispanic origin (detail): Mexican 2%
• Common ancestry: Lithuanian 5% Italian 2% Serbian 2%
• Foreign-born: 4% · Vietnam, Canada
• Languages at home: 94% English-only · Spanish 2% Vietnamese 1% Other Indo-European 1%

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: ▼ -90.04%
• Current HPI: 154.9975
• Rent YoY: ▲ 2.98%
• Metro: Gulfport-Biloxi, MS
• State GDP YoY: —
• F500 in state: 0

Price history

+60.5% since first listed

14 events — show timeline

• 2026-04-19 Pending — MLSU
• 2026-04-09 Listed $292,000 MLSU
• 2022-05-24 Sold (Public Records) — Public Records
• 2022-05-20 Sold (MLS) — MLSU
• 2022-04-17 Pending — MLSU
• 2022-04-15 Listed $267,000 MLSU
• 2021-10-01 Listing Removed — MLSU
• 2015-03-10 Sold (Public Records) $176,000 Public Records
• 2015-03-06 Sold (MLS) — MLSU
• 2013-11-20 Listed $179,900 MLSU
• 2012-05-01 Listed $177,900 MLSU
• 2006-08-09 Sold (MLS) — MLSU
• 2006-05-10 Listed $181,975 MLSU
• 2002-12-16 Sold (Public Records) — Public Records

Property tax history

-4.3%/yr

Latest (2025): $1,400 · +5.6% YoY. Source: county tax records.