7832 Hilo Pl · Diamondhead, MS 39525

$244,900

3 bd · 2.0 ba · 1,794 sqft · SingleFamily public records · 31 Days on market

Built 1994 10,454 sqft lot $137/sqft · 6% below area Est $260k · 6% under

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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 +18.9/30.0
• ARV discount +10.1/15.0
• DSCR +6.0/10.0
• 1% rule +4.1/10.0
• Schools +3.9/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Are you looking for an affordable house in Diamondhead? Here is your chance to own a beautiful house located on a quiet cul-de-sac. This 3 bed, 2 bath house offers a large fenced backyard, big covered porch, mature oak trees, spacious kitchen with custom cabinets, polished concrete countertops, stainless appliances, master bathroom with his and hers vanities, tile tub and shower area, & much more. Come check out this house and make it your new home!

Key facts

• Modern ceiling fans
• Updated brick home
• 0.24 acre lot

Tags

• UPDATED BRICK HOME
• SOARING VAULTED CEILINGS
• EXPANSIVE LIVING SPACES
• RICH WOOD-LOOK FLOORING
• MODERN CEILING FANS
• SPACIOUS COVERED BACK PORCH

Property features AI

Finance

• Other: Lot approximately 0.24 acres (approx. 70 x 130 x 95 x 121)
• Financial info: Financial details not provided
• HOA & community: Community features: Boating, Clubhouse, Fishing, Pool, Tennis courts, Near entertainment

Exterior

• Parking: 2-car garage; Garage faces front; Concrete driveway; Total parking for 2 vehicles
• Security: Smoke detector(s)
• Utilities: Public water; Public sewer; Electricity connected; Water connected; Sewer connected
• Home design: Single-family house; One level; Move-in ready
• Construction: Brick veneer exterior; Slab foundation; Architectural shingle roof; Built in public-record year (year built from public records)
• Exterior features: Rear porch; Rain gutters; Barn(s); Fenced yard with privacy fencing; Cleared lot; Few trees; Located on a cul-de-sac

Interior

• Kitchen: Built-in electric range; Dishwasher; Microwave; Refrigerator
• Bedrooms: Bedrooms information not provided
• Flooring: Ceramic tile; Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central electric heating; Central air conditioning; Ceiling fan(s)
• Interior features: Cathedral ceilings; High ceilings; Ceiling fan(s); Double vanity; Pantry; Walk-in closet(s); Kitchen island; Dead bolt locks; Blinds
• Laundry & utility: Laundry closet; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $245k.

Deal economics

• At list price, monthly cash flow is $252 ($3k/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 $222k (9.2% below list).
• Recommended offer: $222k (9.2% below list) — sets the bar for 1% rule.
• Cap rate 7.5% vs local median 4.8% in Diamondhead — 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 68/100 on livability (#59 in MS) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F, health & safety F.
• Hancock County School District (rural): math 47% / reading 44% proficiency, ranked #23 of 130 in MS (top 18%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: East Hancock Elementary School (math 64% / reading 59%, grade B, #22 of 375 statewide, top 6%, 639 students, 100% FRL); Hancock Middle School (math 48% / reading 44%, grade D+, #39 of 179 statewide, top 22%, 958 students, 100% FRL); Hancock High School (math 42% / reading 43%, grade F, #42 of 197 statewide, top 21%, 1,187 students, 100% FRL) — zoned schools average 100% FRL vs 58% district-wide (41 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 246 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 248 units permitted in Hancock County in 2024 (0 in 5+ unit buildings).
• This rent runs 31% of the median local income ($87k/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.
• Hancock County population projected at +20% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 31 days — a 3% lower offer ($238k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 12y 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; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $222,369 (9.2% below list)

Questions for the listing agent

1. It's been on market 31 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
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: 0.91% ✗
• Cap rate: 7.53%
• Cash-on-cash: 4.42%
• DSCR: 1.20
• GRM: 9.2

CMA / ARV

• ARV (median comp): $259,774
• List price: $244,900
• Delta: -5.73%
• 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
7879 Hilo Way	0.08mi	3/2.0	1,728 (-4%)	6mo	$242,000	$140	85
682 Auahi Pl	0.45mi	3/2.0	1,865 (+4%)	0mo	$244,000	$131	72
88154 Golf Club Dr	0.54mi	3/2.0	1,775 (-1%)	1mo	$279,000	$157	72
7830 Maui Pl	0.25mi	3/2.0	1,660 (-8%)	5mo	$275,000	$166	72
876 Manini Way	0.42mi	3/2.0	1,750 (-2%)	6mo	$225,000	$129	71
89338 Diamondhead Dr	0.57mi	3/2.0	1,774 (-1%)	1mo	$329,000	$185	70
885 Manini Way	0.39mi	3/2.0	1,685 (-6%)	2mo	$299,000	$177	70
796 Hapuna Pl	0.50mi	3/2.0	1,907 (+6%)	4mo	$310,000	$163	63
8921 Hanalei Cir	0.68mi	3/2.0	1,714 (-4%)	3mo	$237,500	$139	58
5715 Anoai Way	0.68mi	3/2.0	1,690 (-6%)	0mo	$214,900	$127	58
8716 W Diamondhead Dr	0.67mi	3/2.0	1,869 (+4%)	5mo	$265,000	$142	58
57154 E Diamondhead Dr	0.62mi	3/2.0	1,625 (-9%)	4mo	$259,000	$159	52

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -9.4%
• Equity multiple: 0.65×
• Total profit: $-23,688
• Equity at exit: $36,515

10-year hold

• IRR: -0.1%
• Equity multiple: 1.00×
• Total profit: $-257
• Equity at exit: $21,174

Cash invested: $68,572 (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 39525

• Home prices YoY: -19.1%
• Active inventory: 246
• Price-to-rent: 9.2×

Monthly cashflow live

• Estimated rent: $2,224 medium
• Mortgage (P&I): −$1,284
• Tax from tax record: −$118 /mo · $1,415/yr
• Insurance: −$102
• HOA: −$0
• Vacancy / Maint / Mgmt: −$467
• Net cashflow: $252

Break-even live

Break-even rent $1,904

Max offer price $244,900

Occupancy floor 84%

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: $61,225
• Closing costs: $7,347
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
289 Highpoint Dr Diamondhead, MS	2.0	2.5	1340	$1,700	$1.27	13d	1	0.47mi
250 Highpoint Dr Unit 250 Diamondhead, MS	2.0	2.5	1367	$2,500	$1.83	20d	1	0.58mi
250 Highpoint Dr Diamondhead, MS	2.0	2.5	1367	$2,500	$1.83	43d	1	0.58mi
7516 Pinehurst Ct Diamondhead, MS	3.0	3.0	2418	$2,000	$0.83	13d	1	1.10mi

Listing history 36 events

1. 2026-06-18
   days on market $244,900 Active 31 DOM
2. 2026-06-17
   days on market $244,900 Active 30 DOM
3. 2026-06-16
   days on market $244,900 Active 29 DOM
4. 2026-06-15
   statusdays on market $244,900 Active 28 DOM
5. 2026-06-09
   statusdays on market $244,900 Pending 27 DOM
6. 2026-06-08
   days on market $244,900 Active 26 DOM
7. 2026-06-07
   days on market $244,900 Active 25 DOM
8. 2026-06-05
   statusdays on market $244,900 Active 22 DOM
9. 2026-06-03
   days on market $244,900 Active Under Contract 21 DOM
10. 2026-06-02
    days on market $244,900 Active Under Contract 20 DOM
11. 2026-06-01
    days on market $244,900 Active Under Contract 19 DOM
12. 2026-05-31
    days on market $244,900 Active Under Contract 18 DOM
13. 2026-05-30
    days on market $244,900 Active Under Contract 17 DOM
14. 2026-05-16
    historical Active Under Contract 1679-char remark
15. 2026-05-13
    listed $244,900 Active 1679-char remark
16. 2026-04-15
    status Active
17. 2026-03-24
    status Pending
18. 2026-03-24
    historical
19. 2026-03-23
    historical
20. 2026-02-25
    price $239,999
21. 2026-01-28
    price $244,000
22. 2026-01-10
    listed $250,000 Active
23. 2023-07-28
    soldstatus Closed

    Show marketing remark (457 chars)

    Are you looking for an affordable house in Diamondhead? Here is your chance to own a beautiful house located on a quiet cul-de-sac. This 3 bed, 2 bath house offers a large fenced backyard, big covered porch, mature oak trees, spacious kitchen with custom cabinets, polished concrete countertops, stainless appliances, master bathroom with his and hers vanities, tile tub and shower area, & much more. Come check out this house and make it your new home!

24. 2023-06-29
    status Pending

    Show marketing remark (457 chars)

    Are you looking for an affordable house in Diamondhead? Here is your chance to own a beautiful house located on a quiet cul-de-sac. This 3 bed, 2 bath house offers a large fenced backyard, big covered porch, mature oak trees, spacious kitchen with custom cabinets, polished concrete countertops, stainless appliances, master bathroom with his and hers vanities, tile tub and shower area, & much more. Come check out this house and make it your new home!

25. 2023-06-17
    status Active

    Show marketing remark (457 chars)

    Are you looking for an affordable house in Diamondhead? Here is your chance to own a beautiful house located on a quiet cul-de-sac. This 3 bed, 2 bath house offers a large fenced backyard, big covered porch, mature oak trees, spacious kitchen with custom cabinets, polished concrete countertops, stainless appliances, master bathroom with his and hers vanities, tile tub and shower area, & much more. Come check out this house and make it your new home!

26. 2023-06-16
    status Pending

    Show marketing remark (457 chars)

    Are you looking for an affordable house in Diamondhead? Here is your chance to own a beautiful house located on a quiet cul-de-sac. This 3 bed, 2 bath house offers a large fenced backyard, big covered porch, mature oak trees, spacious kitchen with custom cabinets, polished concrete countertops, stainless appliances, master bathroom with his and hers vanities, tile tub and shower area, & much more. Come check out this house and make it your new home!

27. 2023-06-08
    price $229,900

    Show marketing remark (457 chars)

    Are you looking for an affordable house in Diamondhead? Here is your chance to own a beautiful house located on a quiet cul-de-sac. This 3 bed, 2 bath house offers a large fenced backyard, big covered porch, mature oak trees, spacious kitchen with custom cabinets, polished concrete countertops, stainless appliances, master bathroom with his and hers vanities, tile tub and shower area, & much more. Come check out this house and make it your new home!

28. 2023-05-31
    listed $239,900 Active

    Show marketing remark (457 chars)

    Are you looking for an affordable house in Diamondhead? Here is your chance to own a beautiful house located on a quiet cul-de-sac. This 3 bed, 2 bath house offers a large fenced backyard, big covered porch, mature oak trees, spacious kitchen with custom cabinets, polished concrete countertops, stainless appliances, master bathroom with his and hers vanities, tile tub and shower area, & much more. Come check out this house and make it your new home!

29. 2019-03-01
    soldstatus
30. 2018-12-25
    listed $159,900
31. 2015-07-13
    soldstatus
32. 2015-05-21
    listed $110,000
33. 2014-07-17
    historical
34. 2014-03-14
    listed $129,900
35. 2006-03-06
    soldstatus
36. 2001-05-25
    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: $1,415 · $118/mo
• Projected year-2 tax: $1,935 · $161/mo
• Expected delta: +$519/yr (+$43/mo · 36.7%)

ⓘ 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 3/10 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: $26,684
• − Mortgage interest: −$13,718
• − Property taxes: −$1,415
• − Insurance: −$1,224
• − Repairs & maintenance: −$2,135
• − Management: −$2,135
• − Depreciation: −$7,124
• Taxable loss: −$1,068
• Est. tax savings @ 24.0%: +$256
• After-tax cash flow: $3,286/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: Hancock County School District
• NCES district ID: 2801740
• Math proficiency: 47% ▼ -11.00%
• Reading proficiency: 44% ▼ -9.00%
• Median HH income: $47,971
• Composite: 38.88/100
• National rank: #4099
• State rank: #23 of 130 in MS

Livability — Diamondhead

• Score: 68/100
• State rank: #59
• US rank: #9320

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Diamondhead, MS
• County: Hancock County · 9,338 people
• City population: 9,338
• Metro: Gulfport-Biloxi, MS
• Population (ZIP): 9,338
• Household income: $87,407
• Rent vs Own: 10.3% rent · 89.7% own

Population outlook (Hancock County) Hauer SSP2

• Today (2025): 52,161 people
• By 2030: 54,753 · +5.0%
• By 2040: 59,242 · +13.6%
• By 2050: 62,417 · +19.7%
• By 2075: 68,168 · +30.7%
• By 2100: 69,212 · +32.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (85%)
• Race & ethnicity: White 85% Two or more races 9% Hispanic / Latino 8% Black 2%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Lithuanian 10% Slovak 3% Romanian 2%
• Foreign-born: 3% · Canada
• Languages at home: 94% English-only · Spanish 4% French/Haitian/Cajun 1% Other Indo-European 1%

Political lean MEDSL · Hancock

• 2024 margin: Solid R (+58.7) · D 20.1% · R 78.8% · Other 1.1%
• 2008→2024 swing: -4.4pp toward R · 2008: -54.2pp · 2024: -58.7pp
• All cycles: 2024: R+58.7 2020: R+55.5 2016: R+59.4 2012: R+52.8 2008: R+54.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -45.77%
• Current HPI: 193.4883
• Rent YoY: —
• Metro: Gulfport-Biloxi, MS
• State GDP YoY: —
• F500 in state: 0

Price history

+88.5% since first listed

26 events — show timeline

• 2026-06-14 Relisted — MLSU
• 2026-06-09 Pending — MLSU
• 2026-06-04 Relisted — MLSU
• 2026-05-16 Contingent — MLSU
• 2026-05-13 Listed $244,900 MLSU
• 2026-04-15 Relisted — MLSU
• 2026-03-24 Pending — MLSU
• 2026-03-24 Listing Removed — MLSU
• 2026-03-23 Listing Removed — MLSU
• 2026-02-25 Price Changed $239,999 MLSU
• 2026-01-28 Price Changed $244,000 MLSU
• 2026-01-10 Listed $250,000 MLSU
• 2023-07-28 Sold (MLS) — MLSU
• 2023-06-29 Pending — MLSU
• 2023-06-17 Relisted — MLSU
• 2023-06-16 Pending — MLSU
• 2023-06-08 Price Changed $229,900 MLSU
• 2023-05-31 Listed $239,900 MLSU
• 2019-03-01 Sold (MLS) — MLSU
• 2018-12-25 Listed $159,900 MLSU
• 2015-07-13 Sold (MLS) — MLSU
• 2015-05-21 Listed $110,000 MLSU
• 2014-07-17 Listing Removed — MLSU
• 2014-03-14 Listed $129,900 MLSU
• 2006-03-06 Sold (Public Records) — Public Records
• 2001-05-25 Sold (Public Records) — Public Records

Property tax history

+3.2%/yr

Latest (2025): $1,415 · +0.0% YoY. Source: county tax records.