1713 James Madison Dr · Biloxi, MS 39531

$211,000

3 bd · 2.0 ba · 1,368 sqft · SingleFamily public records · 92 Days on market

Built 1969 10,018 sqft lot Est $172k · 22% over ↓ 4% 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 +18.5/30.0
• DSCR +5.8/10.0
• Schools +4.5/10.0
• Livability +4.0/5.0
• 1% rule +3.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks

Perfectly positioned in the quiet elegance of West Biloxi, this home offers a refined blend of comfort, character, and convenience. This timeless brick residence welcomes you with warm curb appeal and an inviting sense of privacy. Inside, generous living spaces flow effortlessly, creating a graceful backdrop for both relaxed evenings and memorable gatherings. Three well‑proportioned bedrooms provide serene retreats, while the expansive lot offers room for outdoor living, gardening, or future enhancements. Its exceptional location elevates the lifestyle even further — just moments from Keesler Air Force Base, premier shopping, local dining, and the sparkling Gulf Coast beaches. Whether

Key facts

• Expansive lot
• Gulf coast beaches
• Outdoor living

Tags

• KEESLER AIR FORCE BASE
• OUTDOOR LIVING
• EXPANSIVE LOT
• GULF COAST BEACHES

Property features AI

Exterior

• Parking: Driveway
• Utilities: Public water; Public sewer; Electricity connected; Water connected
• Home design: Single-family house; One level; Move-in ready
• Construction: Brick veneer construction; Architectural shingle roof; Slab foundation; Built (year source: assessor)
• Exterior features: Other exterior features

Interior

• Kitchen: Dishwasher; Disposal; Refrigerator
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Fireplace
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $211k.

Deal economics

• At list price, monthly cash flow is $201 ($2k/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 $182k (14.0% below list).
• Recommended offer: $182k (14.0% below list) — sets the bar for 1% rule.
• Cap rate 7.4% 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-.
• Biloxi Public School District (urban): math 60% / reading 48% proficiency, ranked #7 of 130 in MS (top 5%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Back Bay Elementary School (math 51% / reading 50%, grade D+, #59 of 375 statewide, top 16%, 535 students, 99% FRL); Biloxi Junior High (math 60% / reading 43%, grade C, #27 of 179 statewide, top 16%, 881 students, 100% FRL); Biloxi High School (math 65% / reading 53%, grade C+, #7 of 197 statewide, top 3%, 1,728 students, 100% FRL) — zoned schools average 100% FRL vs 59% district-wide (40 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents flat; 201 active listings in the ZIP; 20 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 45% of comp listings sitting > 30 days — soft ceiling on asking rent; 2,194 units permitted in Harrison County in 2024 (0 in 5+ unit buildings).
• This rent runs 40% of the median local income ($54k/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 $6k 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 92 days — a 9% lower offer ($192k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $181,522 (14.0% below list)

Questions for the listing agent

1. It's been on market 92 days. Have you received any prior offers? Is the seller open to a 14% concession, seller financing, or rate buy-down credit?
2. Built in 1969 — 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. 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: 0.86% ✗
• Cap rate: 7.44%
• Cash-on-cash: 4.08%
• DSCR: 1.18
• GRM: 9.7

CMA / ARV

• ARV (on-the-fly): $172,368
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1688 Sunset Blvd	0.12mi	3/2.0	1,436 (+5%)	2mo	$179,500	$125	84
1648 Hollywood Blvd	0.18mi	3/2.0	1,489 (+9%)	4mo	$189,000	$127	73
1736 Thomas Jefferson Dr	0.10mi	3/2.0	1,482 (+8%)	13mo	$187,000	$126	70
1772 Pass Rd	0.47mi	3/2.0	1,353 (-1%)	8mo	$125,000	$92	69
1623 Hollywood Blvd	0.27mi	3/1.0	1,415 (+3%)	16mo	$174,950	$124	64
1778 Corley St	0.43mi	3/2.0	1,392 (+2%)	16mo	$104,000	$75	64
1610 Wiltshire Blvd	0.36mi	4/3.0 (+1)	1,420 (+4%)	6mo	$180,000	$127	63
1752 James Buchanan Dr	0.22mi	3/2.0	1,488 (+9%)	16mo	$198,000	$133	62
1630 Hollywood Blvd	0.24mi	3/2.0	1,200 (-12%)	10mo	$187,900	$157	60
244 Beeman Dr	0.64mi	4/2.0 (+1)	1,342 (-2%)	3mo	$219,900	$164	59
277 Dewey Cir	0.57mi	3/1.0	1,300 (-5%)	12mo	$149,995	$115	52
265 Mcdonnell Ave	0.65mi	3/2.0	1,243 (-9%)	16mo	$129,900	$105	42

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 · 0.05% rent growth · sell at horizon

5-year hold

• IRR: -12.9%
• Equity multiple: 0.55×
• Total profit: $-26,738
• Equity at exit: $31,461

10-year hold

• IRR: -8.4%
• Equity multiple: 0.53×
• Total profit: $-27,500
• Equity at exit: $18,243

Cash invested: $59,080 (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 39531

• Home prices YoY: -13.0%
• Rents YoY: 0.1%
• Active inventory: 201
• Price-to-rent: 9.7×

Monthly cashflow live

• Estimated rent: $1,815 high
• Mortgage (P&I): −$1,107
• Tax from tax record: −$39 /mo · $464/yr
• Insurance: −$88
• HOA: −$0
• Vacancy / Maint / Mgmt: −$381
• Net cashflow: $201

Break-even live

Break-even rent $1,561

Max offer price $211,000

Occupancy floor 84%

Sensitivity live

Price	-10% $320	-5% $261	+0% $201	+5% $141	+10% $-170
Rent	-10% $58	-5% $129	+0% $201	+5% $273	+10% $344
Rate	-1.0pp $307	-0.5pp $255	base $201	+0.5pp $146	+1.0pp $91

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: $52,750
• Closing costs: $6,330
• Reserves months: —
• Total cash needed: —

Rent comps 20 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1737 James Buchanan Dr Biloxi, MS	3.0	2.0	1328	$1,650	$1.24	45d	1	0.18mi
1616 Gordon Ave Biloxi, MS	3.0	1.0	900	$1,425	$1.58	22d	1	0.51mi
270 Rodenberg Ave Biloxi, MS	3.0	2.0	1180	$1,100	$0.93	45d	1	0.55mi
1713 Stevens St Unit A Biloxi, MS	3.0	2.0	1100	$1,300	$1.18	22d	1	0.73mi
340 Hiller Dr Biloxi, MS	3.0	2.0	1447	$1,749	$1.21	22d	1	0.80mi
187 Bilmarsan Dr Biloxi, MS	3.0	2.0	1850	$2,670	$1.44	45d	1	0.86mi
1805 Irish Hill Dr #4 Biloxi, MS	3.0	2.0	1600	$2,400	$1.50	45d	1	0.88mi
1667 Irish Hill Dr Biloxi, MS	1.0–2.0	1.0–1.5	862	$1,049	$1.22	15d	1	0.90mi
1664 Beach Blvd Biloxi, MS	1.0–2.0	1.0–1.5	801	$2,100	$2.62	15d	2	0.91mi
1664 Beach Blvd Biloxi, MS	2.0	1.5	985	$2,295	$2.33	45d	1	0.93mi
122 Coral Breeze Dr Biloxi, MS	3.0	1.5	1000	$2,700	$2.70	45d	1	0.95mi
330 Belvedere Dr Biloxi, MS	3.0	1.0	1000	$1,200	$1.20	15d	1	1.01mi
118 Coral Breeze Dr Biloxi, MS	3.0	1.5	1000	$2,800	$2.80	15d	1	1.03mi
154 Saint Charles Ave Biloxi, MS	2.0	1.0	1292	$1,400	$1.08	45d	1	1.08mi
1623 Cayman Cv Biloxi, MS	3.0	2.0	1397	$3,700	$2.65	15d	1	1.10mi
630 Bay Cove Dr Biloxi, MS	2.0–3.0	2.0	1780	$3,450	$1.94	45d	2	1.11mi
1910 Southern Ave Biloxi, MS	1.0–2.0	1.0–1.5	725	$1,200	$1.66	15d	2	1.14mi
1496 Beach Blvd Biloxi, MS	2.0	1.5	1100	$1,450	$1.32	15d	1	1.27mi
1496 Beach Blvd Biloxi, MS	2.0	2.0	1150	$1,650	$1.43	45d	1	1.27mi
2046 Beach Blvd Biloxi, MS	2.0	2.0	1152	$2,200	$1.91	22d	1	1.47mi

Listing history 3 events

1. 2026-04-25
   status Pending
2. 2026-02-26
   price $211,000
3. 2026-01-20
   listed $219,500 Active

ⓘ 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: $464 · $39/mo
• Projected year-2 tax: $1,667 · $139/mo
• Expected delta: +$1,203/yr (+$100/mo · 259.3%)

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

Climate risk First Street

• 🌊 Flood 2/10 Low FEMA zone X (unshaded) · 5% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 23 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: $21,783
• − Mortgage interest: −$11,819
• − Property taxes: −$464
• − Insurance: −$1,055
• − Repairs & maintenance: −$1,743
• − Management: −$1,743
• − Depreciation: −$6,138
• Taxable loss: −$1,179
• Est. tax savings @ 24.0%: +$283
• After-tax cash flow: $2,694/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: Biloxi Public School District
• NCES district ID: 2800630
• Math proficiency: 60% ▼ -7.00%
• Reading proficiency: 48% ▼ -3.00%
• Median HH income: $40,608
• Composite: 45.26/100
• National rank: #2657
• State rank: #7 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

• Census place: Biloxi, MS
• County: Harrison County · 178,171 people
• City population: 63,281
• Metro: Gulfport-Biloxi, MS
• Population (ZIP): 18,918
• Household income: $54,218
• Rent vs Own: 61.4% rent · 38.6% own
• Severe rent burden: 1110.0

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 0.60)
• Race & ethnicity: White 60% Black 18% Two or more races 12% Hispanic / Latino 11% Asian 2%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Lithuanian 6% Slovak 2% Serbian 1%
• Foreign-born: 8% · Canada, Vietnam
• Languages at home: 89% English-only · Spanish 6% Arabic 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: ▼ -28.97%
• Current HPI: 193.4018
• Rent YoY: ▬ 0.05%
• Metro: Gulfport-Biloxi, MS
• State GDP YoY: —
• F500 in state: 0

Price history

-3.9% since first listed

3 events — show timeline

• 2026-04-25 Pending — MLSU
• 2026-02-26 Price Changed $211,000 MLSU
• 2026-01-20 Listed $219,500 MLSU

Property tax history

+0.9%/yr

Latest (2019): $464 · +0.0% YoY. Source: county tax records.