15412 Anderson Dr · St. Martin, MS 39532

$230,000

3 bd · 2.0 ba · 2,253 sqft · SingleFamily public records · 3 Days on market

Built 1973 0.28 ac lot $102/sqft · at area comps Est $222k · at est.

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Why this score? — see what drove the C- 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 +21.9/30.0
• DSCR +7.0/10.0
• ARV discount +5.8/15.0
• 1% rule +4.7/10.0
• Schools +4.4/10.0
• Rent growth +3.2/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Well maintained home in the established neighborhood of Cedar Grove. This home feature beautiful parkay flooring, a fireplace, and two living areas, and pool. All windows have been upgraded to hurricane force windows. The AC system has been recently replaced giving you peace of mind. The heated gunite pool is perfect for hot summer days and the location to I-10, The Promenade Shopping Center, Restaurants, Downtown Ocean Springs, Keesler AFB, Beaches, and Gaming make this home convenient for all. Schedule your showing today!

Key facts

• Tesla charger
• Private retreat
• 0.28 acre lot

Tags

• IN GROUND GUNITE POOL
• NATURAL GAS POOL HEATER
• TESLA CHARGER
• PRIVATE RETREAT
• POTENTIAL FOR 4TH BEDROOM

Property features AI

Finance

• Other: In-ground heated gunite saltwater pool with pool sweep
• HOA & community: Near entertainment

Exterior

• Parking: Concrete driveway; On-street parking; Electric vehicle charging station
• Security: Smoke detectors; Carbon monoxide detectors
• Utilities: Public water; Public sewer; Electricity connected; Natural gas connected; Sewer connected; Water connected; 120/280 outlet(s); Underground utilities
• Home design: Single-family house; One story; Move-in ready
• Construction: Brick construction; Shingle roof; Slab foundation; Built in (owner-reported year)
• Exterior features: Private yard; Back yard privacy fence; RV hookup; Front porch; Patio; Porch; Slab patio

Interior

• Kitchen: Dishwasher; Free-standing gas oven; Free-standing gas range; Refrigerator; Gas water heater
• Bedrooms: Walk-in closet(s)
• Flooring: Luxury vinyl; Carpet; Ceramic tile; Parquet
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Hot water heat; Natural gas heating; Central air; Ceiling fan(s)
• Interior features: Ceiling fans; Crown molding; High-speed internet available; Laminate counters; Pantry; Walk-in closet(s); Blinds; Double-pane windows; Window screens; Sliding doors; Storm door(s); Electric fireplace with glass doors and insert on a raised masonry hearth; Has fireplace
• Laundry & utility: ENERGY STAR qualified washer; ENERGY STAR qualified dryer; Washer hookup; Gas dryer hookup; Laundry closet; Laundry on main level; Inside laundry

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $230k.

Deal economics

• At list price, monthly cash flow is $362 ($4k/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 $224k (2.8% below list).
• Recommended offer: $224k (2.8% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads: area grade C — affects rentability + tenant quality, not the cash-flow math above.
• Jackson County School District (rural): math 53% / reading 48% proficiency, ranked #10 of 130 in MS (top 8%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: St Martin N Elementary School (math 47% / reading 42%, grade F, #92 of 375 statewide, top 26%, 541 students, 99% FRL); St. Martin Middle School (math 44% / reading 39%, grade F, #53 of 179 statewide, top 30%, 995 students, 100% FRL); St Martin High School (math 65% / reading 49%, grade C, #8 of 197 statewide, top 4%, 1,283 students, 100% FRL) — zoned schools average 100% FRL vs 50% district-wide (50 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+3.0%/yr); 392 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 60% of comp listings sitting > 30 days — soft ceiling on asking rent; 516 units permitted in Jackson County in 2024 (6 in 5+ unit buildings).
• This rent runs 39% 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 $7k of value loss. Plan a longer hold.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 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; moderate 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 $223,669 (2.8% below list)

Questions for the listing agent

1. Built in 1973 — 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: 0.97% ✗
• Cap rate: 8.18%
• Cash-on-cash: 6.75%
• DSCR: 1.30
• GRM: 8.6

CMA / ARV

• ARV (median comp): $221,728
• List price: $230,000
• Delta: 3.73%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2993 Rue Dominique	0.43mi	3/2.0	2,267 (+1%)	4mo	$420,000	$185	76
7650 Lexington Dr	0.26mi	4/3.0 (+1)	2,337 (+4%)	5mo	$239,900	$103	68
15604 Anderson Dr	0.19mi	4/2.0 (+1)	2,497 (+11%)	9mo	$219,500	$88	61
15409 Wagon Wheel St	0.56mi	4/2.0 (+1)	2,200 (-2%)	7mo	$299,000	$136	59
15805 Big Ridge Rd	0.51mi	4/2.0 (+1)	2,200 (-2%)	12mo	$199,900	$91	57
7641 Portland Dr	0.66mi	4/2.0 (+1)	2,290 (+2%)	14mo	$275,000	$120	50
7201 Knollwood Dr	0.50mi	4/2.5 (+1)	2,187 (-3%)	21mo	$235,500	$108	47
8108 Durango Ave	0.71mi	4/3.0 (+1)	1,980 (-12%)	16mo	$235,000	$119	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: -6.0%
• Equity multiple: 0.78×
• Total profit: $-14,331
• Equity at exit: $34,294

10-year hold

• IRR: 3.6%
• Equity multiple: 1.26×
• Total profit: $16,710
• Equity at exit: $19,886

Cash invested: $64,400 (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: 392
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $2,237 high
• Mortgage (P&I): −$1,206
• Tax from tax record: −$103 /mo · $1,235/yr
• Insurance: −$96
• HOA: −$0
• Vacancy / Maint / Mgmt: −$470
• Net cashflow: $362

Break-even live

Break-even rent $1,778

Max offer price $230,000

Occupancy floor 79%

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: $57,500
• Closing costs: $6,900
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
15208 Lisa Dr Biloxi, MS	4.0	3.0	2094	$2,400	$1.15	21d	1	0.86mi
7201 Bienville Dr Biloxi, MS	3.0	2.0	2004	$1,995	$1.00	14d	1	0.91mi
15429 Straw St Biloxi, MS	3.0	2.5	2324	$2,500	$1.08	44d	1	1.12mi
611 Peach St D'Iberville, MS	3.0	2.5	1589	$2,500	$1.57	44d	1	1.45mi
716 Plum Ln D'Iberville, MS	2.0	2.5	1600	$3,410	$2.13	44d	1	1.48mi

Listing history 6 events

1. 2026-05-02
   status Pending 893-char remark
2. 2026-04-29
   listed $230,000 Active 893-char remark
3. 2021-11-17
   soldstatus
4. 2021-11-05
   soldstatus Closed 529-char remark

   Show marketing remark (529 chars)

   Well maintained home in the established neighborhood of Cedar Grove. This home feature beautiful parkay flooring, a fireplace, and two living areas, and pool. All windows have been upgraded to hurricane force windows. The AC system has been recently replaced giving you peace of mind. The heated gunite pool is perfect for hot summer days and the location to I-10, The Promenade Shopping Center, Restaurants, Downtown Ocean Springs, Keesler AFB, Beaches, and Gaming make this home convenient for all. Schedule your showing today!

5. 2021-10-07
   historical 529-char remark

   Show marketing remark (529 chars)

   Well maintained home in the established neighborhood of Cedar Grove. This home feature beautiful parkay flooring, a fireplace, and two living areas, and pool. All windows have been upgraded to hurricane force windows. The AC system has been recently replaced giving you peace of mind. The heated gunite pool is perfect for hot summer days and the location to I-10, The Promenade Shopping Center, Restaurants, Downtown Ocean Springs, Keesler AFB, Beaches, and Gaming make this home convenient for all. Schedule your showing today!

6. 2021-09-16
   listed $185,000 529-char remark

   Show marketing remark (529 chars)

   Well maintained home in the established neighborhood of Cedar Grove. This home feature beautiful parkay flooring, a fireplace, and two living areas, and pool. All windows have been upgraded to hurricane force windows. The AC system has been recently replaced giving you peace of mind. The heated gunite pool is perfect for hot summer days and the location to I-10, The Promenade Shopping Center, Restaurants, Downtown Ocean Springs, Keesler AFB, Beaches, and Gaming make this home convenient for all. Schedule your showing today!

ⓘ 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: $1,235 · $103/mo
• Projected year-2 tax: $1,817 · $151/mo
• Expected delta: +$582/yr (+$49/mo · 47.2%)

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

Taxation est. · year 1

• Rental income: $26,840
• − Mortgage interest: −$12,884
• − Property taxes: −$1,235
• − Insurance: −$1,150
• − Repairs & maintenance: −$2,147
• − Management: −$2,147
• − Depreciation: −$6,691
• Taxable income: $587
• Est. tax owed @ 24.0%: −$141
• After-tax cash flow: $4,205/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: Jackson County School District
• NCES district ID: 2802160
• Math proficiency: 53% ▼ -5.00%
• Reading proficiency: 48% ▼ -5.00%
• Median HH income: $53,569
• Composite: 43.57/100
• National rank: #2980
• State rank: #10 of 130 in MS

Livability — St. Martin

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: St. Martin, MS
• 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 (Jackson County) Hauer SSP2

• Today (2025): 146,926 people
• By 2030: 148,442 · +1.0%
• By 2040: 149,631 · +1.8%
• By 2050: 148,723 · +1.2%
• By 2075: 147,845 · +0.6%
• By 2100: 144,510 · -1.6%

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 · Jackson

• 2024 margin: Solid R (+39.9) · D 29.5% · R 69.4% · Other 1.1%
• 2008→2024 swing: -6.4pp toward R · 2008: -33.5pp · 2024: -39.9pp
• All cycles: 2024: R+39.9 2020: R+34.6 2016: R+39.9 2012: R+36.1 2008: R+33.5

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

+24.3% since first listed

6 events — show timeline

• 2026-05-02 Pending — MLSU
• 2026-04-29 Listed $230,000 MLSU
• 2021-11-17 Sold (Public Records) — Public Records
• 2021-11-05 Sold (MLS) — MLSU
• 2021-10-07 Listing Removed — MLSU
• 2021-09-16 Listed $185,000 MLSU

Property tax history

+19.8%/yr

Latest (2025): $1,235 · +5.1% YoY. Source: county tax records.