1113 32nd Ave · Gulfport, MS 39501

$149,900

2 bd · 1.0 ba · 944 sqft · SingleFamily public records · 70 Days on market

Built 1940 7,405 sqft lot $159/sqft · 10% above area Est $157k · at est. ↓ 9% since listing

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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 +15.7/30.0
• ARV discount +9.5/15.0
• Rent growth +5.0/5.0
• DSCR +4.8/10.0
• Livability +3.7/5.0
• Schools +3.4/10.0
• 1% rule +3.3/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Turnkey, fully furnished property currently operating as a successful short-term rental in the heart of Gulfport. This well-maintained home is already set up and functioning as an active Airbnb, offering an excellent opportunity for investors or buyers seeking a move-in ready property with immediate income potential. The home is being sold furnished, allowing the next owner to continue operating it as a short-term rental or use it as a primary residence, vacation home, or long-term rental. The property features a comfortable layout, tasteful furnishings, and a welcoming atmosphere designed for guest enjoyment. Conveniently located near the Gulf Coast beaches, downtown Gulfport, casinos, restaurants, entertainment, and local attractions, this property benefits from strong demand from visitors to the area. Whether you are looking for an income-producing investment or a furnished coastal home ready to enjoy, this property offers flexibility and opportunity in a prime Gulfport location.

Key facts

• Active airbnb
• Comfortable layout
• Turnkey

Tags

• TURNKEY
• FULLY FURNISHED
• SUCCESSFUL SHORT-TERM RENTAL
• ACTIVE AIRBNB
• COMFORTABLE LAYOUT
• CONVENIENTLY LOCATED

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $65 ($778/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 $125k (16.9% below list).
• Recommended offer: $125k (16.9% below list) — sets the bar for 1% rule.
• Cap rate 6.8% vs local median 4.9% in Gulfport — 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 73/100 on livability (#15 in MS) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools D, amenities F, commute F.
• Gulfport School District (urban): math 41% / reading 42% proficiency, ranked #37 of 130 in MS (top 28%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 67% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+10.5%/yr); 252 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 67% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 2,194 units permitted in Harrison County in 2024 (0 in 5+ unit buildings).
• This rent runs 43% of the median local income ($35k/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 $1k of loan paydown is wiped out by about $4k 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 70 days — a 6% lower offer ($141k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $124,604 (16.9% below list)

Questions for the listing agent

1. It's been on market 70 days. Have you received any prior offers? Is the seller open to a 17% concession, seller financing, or rate buy-down credit?
2. Built in 1940 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 0.83% ✗
• Cap rate: 6.81%
• Cash-on-cash: 1.85%
• DSCR: 1.08
• GRM: 10.0

CMA / ARV

• ARV (median comp): $156,946
• List price: $149,900
• Delta: -4.49%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1220 33rd Ave	0.10mi	1/1.5 (-1)	1,000 (+6%)	0mo	$150,000	$150	78
3310 11th St	0.10mi	2/1.0	946 (+0%)	22mo	$149,900	$158	77
3406 14th St	0.27mi	2/1.0	952 (+1%)	16mo	$129,000	$136	73
3604 Park Blvd	0.48mi	2/1.0	900 (-5%)	3mo	$74,000	$82	67
3511 Park Blvd	0.44mi	2/1.0	1,006 (+7%)	2mo	$75,000	$75	67
1238 37th Ave	0.35mi	3/1.0 (+1)	966 (+2%)	14mo	$135,000	$140	63
1302 36th Ave	0.31mi	2/1.0	1,008 (+7%)	21mo	$85,000	$84	57
1523 32nd Ave	0.31mi	2/1.0	844 (-11%)	15mo	$179,500	$213	56
3307 20th St	0.62mi	2/1.0	1,052 (+11%)	1mo	$35,000	$33	52
2412 19th St	0.75mi	2/1.0	910 (-4%)	13mo	$99,900	$110	48
1221 42nd Ave	0.67mi	3/1.0 (+1)	1,000 (+6%)	7mo	$89,000	$89	48
911 42nd Ave	0.68mi	2/1.0	988 (+5%)	15mo	$99,900	$101	48

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -8.5%
• Equity multiple: 0.68×
• Total profit: $-13,629
• Equity at exit: $22,351

10-year hold

• IRR: 6.2%
• Equity multiple: 1.55×
• Total profit: $23,206
• Equity at exit: $12,961

Cash invested: $41,972 (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 39501

• Home prices YoY: -34.5%
• Rents YoY: 10.5%
• Active inventory: 252
• Price-to-rent: 10.0×

Monthly cashflow live

• Estimated rent: $1,246 high
• Mortgage (P&I): −$786
• Tax from tax record: −$71 /mo · $852/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$262
• Net cashflow: $65

Break-even live

Break-even rent $1,164

Max offer price $149,900

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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3305 12th St Gulfport, MS	2.0	1.5	1100	$1,295	$1.18	44d	1	0.11mi
1513 34th Ave Gulfport, MS	2.0	2.0	884	$1,250	$1.41	44d	1	0.30mi
2068 W Beach Blvd Biloxi, MS	1.0–3.0	1.0–2.0	998	$1,400	$1.40	14d	1	0.38mi
3633 Southward Dr Gulfport, MS	2.0	2.0	900	$1,000	$1.11	44d	1	0.46mi
3502 20th St Gulfport, MS	2.0	1.0	621	$995	$1.60	21d	1	0.66mi
1221 42nd Ave Gulfport, MS	3.0	1.0	1000	$1,400	$1.40	44d	1	0.69mi
1228 43rd Ave Gulfport, MS	1.0	1.0	550	$895	$1.63	14d	1	0.73mi
2125 22nd Ave Unit A & B A Gulfport, MS	1.0	1.0	795	$800	$1.01	44d	1	0.94mi
1822 15th St Gulfport, MS	2.0	2.0	1100	$1,900	$1.73	44d	1	0.95mi
2414 34th Ave Gulfport, MS	2.0	1.0	912	$1,125	$1.23	21d	1	0.95mi
4409 Ford St Gulfport, MS	2.0	1.0	1000	$1,500	$1.50	44d	1	1.00mi
1527 2nd St Gulfport, MS	2.0	1.5	600	$1,600	$2.67	44d	1	1.29mi
2227 17th Ave Gulfport, MS	2.0	1.0	1000	$850	$0.85	44d	1	1.32mi
1511 2nd St Gulfport, MS	3.0	1.5	1030	$2,000	$1.94	44d	1	1.35mi
1206 Beach Ave Gulfport, MS	3.0	2.0	1076	$1,500	$1.39	14d	1	1.46mi

Listing history 5 events

1. 2026-05-18
   status Pending 1000-char remark

   Show marketing remark (1000 chars)

   Turnkey, fully furnished property currently operating as a successful short-term rental in the heart of Gulfport. This well-maintained home is already set up and functioning as an active Airbnb, offering an excellent opportunity for investors or buyers seeking a move-in ready property with immediate income potential. The home is being sold furnished, allowing the next owner to continue operating it as a short-term rental or use it as a primary residence, vacation home, or long-term rental. The property features a comfortable layout, tasteful furnishings, and a welcoming atmosphere designed for guest enjoyment. Conveniently located near the Gulf Coast beaches, downtown Gulfport, casinos, restaurants, entertainment, and local attractions, this property benefits from strong demand from visitors to the area. Whether you are looking for an income-producing investment or a furnished coastal home ready to enjoy, this property offers flexibility and opportunity in a prime Gulfport location.

2. 2026-03-17
   price $149,900 1000-char remark

   Show marketing remark (1000 chars)

   Turnkey, fully furnished property currently operating as a successful short-term rental in the heart of Gulfport. This well-maintained home is already set up and functioning as an active Airbnb, offering an excellent opportunity for investors or buyers seeking a move-in ready property with immediate income potential. The home is being sold furnished, allowing the next owner to continue operating it as a short-term rental or use it as a primary residence, vacation home, or long-term rental. The property features a comfortable layout, tasteful furnishings, and a welcoming atmosphere designed for guest enjoyment. Conveniently located near the Gulf Coast beaches, downtown Gulfport, casinos, restaurants, entertainment, and local attractions, this property benefits from strong demand from visitors to the area. Whether you are looking for an income-producing investment or a furnished coastal home ready to enjoy, this property offers flexibility and opportunity in a prime Gulfport location.

3. 2026-03-09
   listed $165,000 Active 1000-char remark

   Show marketing remark (1000 chars)

   Turnkey, fully furnished property currently operating as a successful short-term rental in the heart of Gulfport. This well-maintained home is already set up and functioning as an active Airbnb, offering an excellent opportunity for investors or buyers seeking a move-in ready property with immediate income potential. The home is being sold furnished, allowing the next owner to continue operating it as a short-term rental or use it as a primary residence, vacation home, or long-term rental. The property features a comfortable layout, tasteful furnishings, and a welcoming atmosphere designed for guest enjoyment. Conveniently located near the Gulf Coast beaches, downtown Gulfport, casinos, restaurants, entertainment, and local attractions, this property benefits from strong demand from visitors to the area. Whether you are looking for an income-producing investment or a furnished coastal home ready to enjoy, this property offers flexibility and opportunity in a prime Gulfport location.

4. 2021-05-13
   soldstatus
5. 2020-08-05
   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: $852 · $71/mo
• Projected year-2 tax: $1,184 · $99/mo
• Expected delta: +$332/yr (+$28/mo · 39.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (shaded) · 10% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 24 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: $14,952
• − Mortgage interest: −$8,397
• − Property taxes: −$852
• − Insurance: −$750
• − Repairs & maintenance: −$1,196
• − Management: −$1,196
• − Depreciation: −$4,361
• Taxable loss: −$1,799
• Est. tax savings @ 24.0%: +$432
• After-tax cash flow: $1,210/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: Gulfport School District
• NCES district ID: 2801710
• Math proficiency: 41% ▼ -15.00%
• Reading proficiency: 42% ▼ -6.00%
• Median HH income: $35,712
• Composite: 34.38/100
• National rank: #5213
• State rank: #37 of 130 in MS

Livability — Gulfport

• Score: 73/100
• State rank: #15
• US rank: #5010

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Gulfport, MS
• County: Harrison County · 178,171 people
• City population: 96,188
• Metro: Gulfport-Biloxi, MS
• Population (ZIP): 22,565
• Household income: $34,758
• Rent vs Own: 60.3% rent · 39.7% own
• Severe rent burden: 1516.0

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 0.56)
• Race & ethnicity: Black 59% White 29% Two or more races 7% Hispanic / Latino 5%
• Hispanic origin (detail): Mexican 2%
• Common ancestry: Lithuanian 2% Serbian 1% Slovak 1%
• Foreign-born: 2% · Canada
• Languages at home: 95% English-only · Spanish 4%

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: ▼ -110.16%
• Current HPI: 208.998
• Rent YoY: ▲ 10.49%
• Metro: Gulfport-Biloxi, MS
• State GDP YoY: —
• F500 in state: 0

Price history

-9.2% since first listed

5 events — show timeline

• 2026-05-18 Pending — MLSU
• 2026-03-17 Price Changed $149,900 MLSU
• 2026-03-09 Listed $165,000 MLSU
• 2021-05-13 Sold (Public Records) — Public Records
• 2020-08-05 Sold (Public Records) — Public Records

Property tax history

+1.2%/yr

Latest (2025): $852 · +3.6% YoY. Source: county tax records.