13304 Wisteria Dr · Gulfport, MS 39503

$225,000

3 bd · 1.0 ba · 1,233 sqft · SingleFamily public records · 4 Days on market

Built 2017 7,991 sqft lot $182/sqft · 7% above area Est $210k · 7% over

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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 +14.4/30.0
• DSCR +4.4/10.0
• ARV discount +4.4/15.0
• Rent growth +4.2/5.0
• Schools +4.2/10.0
• Livability +3.7/5.0
• 1% rule +2.7/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to 13304 Wisteria Drive in Gulfport! This well-maintained 3-bedroom, 2-bath home offers a spacious open-concept layout with vaulted ceilings, abundant natural light, and attractive luxury vinyl flooring throughout the main living areas. The kitchen features granite countertops, stainless steel appliances, ample cabinet space, a tile backsplash, and a convenient island overlooking the dining and living areas, making it perfect for entertaining and everyday living. The primary suite provides a comfortable retreat with a generous bedroom, granite vanity, and private bath. Two additional bedrooms offer flexibility for guests, family, or a home office. Outside, enjoy a covered front porc

Key facts

• Covered front porch
• Granite countertops
• Fenced backyard

Tags

• OPEN-CONCEPT LAYOUT
• GRANITE COUNTERTOPS
• STAINLESS STEEL APPLIANCES
• TILE BACKSPLASH
• COVERED FRONT PORCH
• FENCED BACKYARD

Property features AI

Exterior

• Parking: Attached garage; 2-car garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One level
• Construction: Brick veneer exterior; Slab foundation
• Exterior features: Lot roughly 61 x 131

Interior

• Flooring: Laminate flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Granite counters; Ceiling fan(s)

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $225k.

Deal economics

• At list price, monthly cash flow is $46 ($555/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 $172k (23.4% below list).
• Recommended offer: $172k (23.4% below list) — sets the bar for 1% rule.
• Cap rate 6.5% 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.
• 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.
• Market conditions: Rents rising fast (+7.0%/yr); 770 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 71% 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 33% of the median local income ($63k/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.
• Harrison County population projected at +27% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 4 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.
• Current owner paid $134k; list at $225k implies a 68% 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; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $172,424 (23.4% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
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: 0.77% ✗
• Cap rate: 6.54%
• Cash-on-cash: 0.88%
• DSCR: 1.04
• GRM: 10.9

CMA / ARV

• ARV (median comp): $210,349
• List price: $225,000
• Delta: 6.96%
• 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
13691 Lawton Ln	0.21mi	3/2.0	1,220 (-1%)	1mo	$205,000	$168	84
13727 Churchwood Dr	0.19mi	3/2.0	1,237 (+0%)	4mo	$219,900	$178	83
13276 Tortoise Trl	0.07mi	3/2.0	1,312 (+6%)	2mo	$222,000	$169	81
13395 Libby Ln	0.19mi	3/2.0	1,268 (+3%)	4mo	$198,000	$156	80
13637 Lawton Ln	0.27mi	3/2.0	1,176 (-5%)	2mo	$199,000	$169	74
13292 Turtle Creek Pkwy	0.21mi	3/2.0	1,312 (+6%)	4mo	$223,000	$170	72
13150 Turtle Creek Pkwy	0.40mi	3/2.0	1,332 (+8%)	5mo	$225,000	$169	60
13102 Turtle Creek Pkwy	0.46mi	4/2.0 (+1)	1,318 (+7%)	2mo	$209,000	$159	56
14037 Sanctuary Trails Dr	0.51mi	3/2.0	1,348 (+9%)	3mo	$249,900	$185	54
14111 Sanctuary Trails Dr	0.58mi	3/2.0	1,388 (+13%)	0mo	$248,900	$179	48
13700 Three Rivers Rd	0.57mi	3/2.0	1,092 (-11%)	3mo	$159,900	$146	48
14116 Sanctuary Trails Dr	0.60mi	3/2.0	1,398 (+13%)	4mo	$227,900	$163	43

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 · 6.99% rent growth · sell at horizon

5-year hold

• IRR: -11.2%
• Equity multiple: 0.58×
• Total profit: $-26,434
• Equity at exit: $33,548

10-year hold

• IRR: 2.4%
• Equity multiple: 1.20×
• Total profit: $12,364
• Equity at exit: $19,454

Cash invested: $63,000 (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 39503

• Home prices YoY: -21.5%
• Rents YoY: 7.0%
• Active inventory: 770
• Price-to-rent: 10.9×

Monthly cashflow live

• Estimated rent: $1,724 high
• Mortgage (P&I): −$1,180
• Tax from tax record: −$42 /mo · $506/yr
• Insurance: −$94
• HOA: −$0
• Vacancy / Maint / Mgmt: −$362
• Net cashflow: $46

Break-even live

Break-even rent $1,666

Max offer price $225,000

Occupancy floor 92%

Sensitivity live

Price	-10% $174	-5% $110	+0% $46	+5% $-17	+10% $-81
Rent	-10% $-90	-5% $-22	+0% $46	+5% $114	+10% $182
Rate	-1.0pp $160	-0.5pp $103	base $46	+0.5pp $-12	+1.0pp $-71

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: $56,250
• Closing costs: $6,750
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
14179 Debra Barbee Ct Gulfport, MS	3.0	2.0	1379	$1,849	$1.34	22d	1	0.69mi
13070 Tracewood Dr Gulfport, MS	3.0	2.0	1190	$1,400	$1.18	22d	1	0.69mi
13498 Dee Ave Gulfport, MS	3.0	2.0	1410	$1,750	$1.24	45d	1	0.94mi
13459 Gorman St Gulfport, MS	2.0	1.5	1000	$1,649	$1.65	45d	1	0.96mi
13727 Fox Hill Dr Gulfport, MS	3.0	2.0	1388	$1,800	$1.30	45d	1	1.03mi
12450 Three Rivers Rd Gulfport, MS	3.0	2.0	1098	$1,295	$1.18	45d	1	1.14mi
14180 Oneal Rd Gulfport, MS	2.0	1.0	1000	$1,100	$1.10	45d	2	1.34mi

Listing history 16 events

1. 2026-06-21
   days on market $225,000 Active 4 DOM
2. 2026-06-17
   days on marketlisting id $225,000 Active 1 DOM
3. 2026-06-15
   days on market $225,000 Active 136 DOM
4. 2026-06-14
   days on market $225,000 Active 134 DOM
5. 2026-06-13
   days on market $225,000 Active 133 DOM
6. 2026-06-10
   days on market $225,000 Active 131 DOM
7. 2026-06-09
   days on market $225,000 Active 130 DOM
8. 2026-06-08
   days on market $225,000 Active 129 DOM
9. 2026-06-07
   days on market $225,000 Active 128 DOM
10. 2026-06-02
    days on market $225,000 Active 123 DOM
11. 2026-06-01
    days on market $225,000 Active 122 DOM
12. 2026-05-31
    days on market $225,000 Active 121 DOM
13. 2026-05-30
    days on market $225,000 Active 120 DOM
14. 2026-04-11
    price $220,000 931-char remark
15. 2026-01-29
    listed $225,000 Active 931-char remark
16. 2017-08-11
    soldstatus $134,000

ⓘ 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: $506 · $42/mo
• Projected year-2 tax: $1,778 · $148/mo
• Expected delta: +$1,271/yr (+$106/mo · 251.0%)

ⓘ 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 4/10 Moderate
• 🌡 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 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,691
• − Mortgage interest: −$12,603
• − Property taxes: −$506
• − Insurance: −$1,125
• − Repairs & maintenance: −$1,655
• − Management: −$1,655
• − Depreciation: −$6,545
• Taxable loss: −$3,400
• Est. tax savings @ 24.0%: +$816
• After-tax cash flow: $1,371/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 — 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): 55,059
• Household income: $62,641
• Rent vs Own: 29.3% rent · 70.7% own
• Severe rent burden: 1686.0

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 0.58)
• Race & ethnicity: White 58% Black 27% Two or more races 9% Hispanic / Latino 6% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 1%
• Common ancestry: Lithuanian 5% Slovak 1% Portuguese 1%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 3%

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: ▼ -51.39%
• Current HPI: 187.285
• Rent YoY: ▲ 6.99%
• Metro: Gulfport-Biloxi, MS
• State GDP YoY: —
• F500 in state: 0

Price history

+67.9% since first listed

5 events — show timeline

• 2026-06-17 Listed $225,000 HAAR
• 2026-05-23 Price Changed $225,000 HAAR
• 2026-04-11 Price Changed $220,000 HAAR
• 2026-01-29 Listed $225,000 HAAR
• 2017-08-11 Sold (Public Records) $134,000 Public Records

Property tax history

+11.7%/yr

Latest (2025): $506 · +0.2% YoY. Source: county tax records.