15304 Big Ridge Rd · St. Martin, MS 39532

$149,000

4 bd · 2.0 ba · 1,396 sqft · SingleFamily public records · 7 Days on market

Built 1976 8,712 sqft lot Est $187k · 20% under

---

Why this score? — see what drove the B 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 +26.8/30.0
• ARV discount +15.0/15.0
• DSCR +9.2/10.0
• 1% rule +6.6/10.0
• 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

Welcome home to this solid brick home offering 4 bedrooms and 1.5 bathrooms in the St. Martin School District. The kitchen includes laminate countertops, a double sink, and appliances; refrigerator, electric range, and dishwasher. Out back, enjoy your large backyard with a rear patio, perfect for grilling and outdoor activities. Located in a USDA eligible area, ask your lender if you qualify for 100% financing.

Key facts

• Usda eligible area
• Double sink
• Large backyard

Tags

• SOLID BRICK HOME
• LAMINATE COUNTERTOPS
• DOUBLE SINK
• LARGE BACKYARD
• REAR PATIO
• USDA ELIGIBLE AREA

Property features AI

Finance

• Other: Living area source: assessor; Lot approximately 0.2 acres; Lot features include fenced and front yard; Property located at 15304 Big Ridge Rd, Biloxi, MS 39532

Exterior

• Parking: 2 parking spaces; 2-car carport; Driveway with paved, direct access
• Utilities: Public water; Public sewer; Electricity connected; Sewer connected; Water connected
• Home design: Single-family house; One level; Move-in ready
• Construction: Brick construction; Slab foundation; Built (year source: assessor)
• Exterior features: Private yard; Patio; Fenced yard (wood), fenced back yard; Front yard

Interior

• Kitchen: Free-standing electric range; Refrigerator; Water heater
• Flooring: Carpet; Ceramic tile
• Bathrooms: 1 full bathroom; 1 half bathroom (1.5 total)
• Heating & cooling: Central electric heating; Central air conditioning (electric)
• Interior features: Blinds on windows; Sliding doors; Dead bolt locks
• Laundry & utility: Indoor laundry

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $149k.

Deal economics

• At list price, monthly cash flow is $410 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $149k).

Location & tenants

• Location reads: area grade B — 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 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); 393 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 516 units permitted in Jackson County in 2024 (6 in 5+ unit buildings).
• This rent runs 30% 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 $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $42k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts 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 $149,000

Questions for the listing agent

1. Built in 1976 — 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: 1.16% ✓
• Cap rate: 9.59%
• Cash-on-cash: 11.79%
• DSCR: 1.52
• GRM: 7.2

CMA / ARV

• ARV (on-the-fly): $187,064
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
15304 Big Ridge Rd	0.00mi	4/1.5	1,396 (0%)	0mo	$149,000	$107	98
15316 Anderson Dr	0.17mi	4/1.5	1,377 (-1%)	8mo	$185,000	$134	81
15196 Big Ridge Rd	0.11mi	4/2.0	1,497 (+7%)	13mo	$159,000	$106	72
15512 Anderson Dr	0.31mi	4/2.0	1,322 (-5%)	10mo	$149,999	$113	68
15505 Prairie St	0.59mi	3/2.0 (-1)	1,363 (-2%)	2mo	$189,900	$139	62
15825 Waycross Dr	0.61mi	4/2.0	1,325 (-5%)	2mo	$186,500	$141	62
15829 Belmont Dr	0.63mi	3/1.0 (-1)	1,378 (-1%)	1mo	$182,000	$132	58
7108 Melrose Dr	0.52mi	3/1.0 (-1)	1,323 (-5%)	2mo	$160,000	$121	56
15417 Glen Dr	0.48mi	4/2.0	1,578 (+13%)	6mo	$223,000	$141	51
15501 Mallett Rd	0.54mi	3/2.0 (-1)	1,294 (-7%)	10mo	$199,000	$154	49
7213 Oak Cove Dr	0.68mi	4/2.0	1,511 (+8%)	14mo	$192,000	$127	43
6801 Westwind Dr	0.72mi	3/2.0 (-1)	1,530 (+10%)	14mo	$235,000	$154	34

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: 1.2%
• Equity multiple: 1.05×
• Total profit: $1,912
• Equity at exit: $22,216

10-year hold

• IRR: 10.8%
• Equity multiple: 1.84×
• Total profit: $35,068
• Equity at exit: $12,883

Cash invested: $41,720 (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: 7.2×

Monthly cashflow live

• Estimated rent: $1,731 high
• Mortgage (P&I): −$781
• Tax from tax record: −$114 /mo · $1,372/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$364
• Net cashflow: $410

Break-even live

Break-even rent $1,212

Max offer price $149,000

Occupancy floor 71%

Sensitivity live

Price	-10% $494	-5% $452	+0% $410	+5% $368	+10% $326
Rent	-10% $273	-5% $342	+0% $410	+5% $478	+10% $547
Rate	-1.0pp $485	-0.5pp $448	base $410	+0.5pp $371	+1.0pp $332

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: $37,250
• Closing costs: $4,470
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7001 Knollwood Dr Biloxi, MS	3.0	1.5	1200	$1,325	$1.10	45d	1	0.54mi
14912 Mallett Rd Biloxi, MS	1.0–3.0	1.0–2.0	1002	$1,780	$1.78	22d	32	0.61mi
14510 Lemoyne Blvd Biloxi, MS	1.0–3.0	1.0–2.0	1125	$1,590	$1.41	15d	9	0.82mi
8108 Laredo Ave Biloxi, MS	3.0	2.0	1000	$1,000	$1.00	15d	1	0.84mi
16016 Lemoyne Blvd Biloxi, MS	1.0–3.0	1.0–2.0	1126	$1,607	$1.43	15d	18	1.01mi
16201 Cervantes Ct Biloxi, MS	4.0	2.0	1404	$1,975	$1.41	45d	1	1.10mi
11134 Gorenflo Rd Diberville, MS	3.0	2.0	1200	$1,500	$1.25	22d	1	1.16mi
11122 Gorenflo Rd Diberville, MS	3.0	2.0	1200	$1,500	$1.25	15d	1	1.17mi
611 Peach St D'Iberville, MS	3.0	2.5	1589	$2,500	$1.57	45d	1	1.49mi

Listing history 4 events

1. 2026-05-12
   status Pending
2. 2026-05-08
   status Active
3. 2026-04-26
   status Pending
4. 2026-04-23
   listed $149,000 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: $1,372 · $114/mo
• Projected year-2 tax: $1,372 · $114/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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: $20,775
• − Mortgage interest: −$8,346
• − Property taxes: −$1,372
• − Insurance: −$745
• − Repairs & maintenance: −$1,662
• − Management: −$1,662
• − Depreciation: −$4,335
• Taxable income: $2,654
• Est. tax owed @ 24.0%: −$637
• After-tax cash flow: $4,282/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
• 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

4 events — show timeline

• 2026-05-12 Pending — MLSU
• 2026-05-08 Relisted — MLSU
• 2026-04-26 Pending — MLSU
• 2026-04-23 Listed $149,000 MLSU

Property tax history

+3.2%/yr

Latest (2025): $1,372 · +3.7% YoY. Source: county tax records.