213 Lavelle Dr · Gulfport, MS 39503

$140,000

3 bd · 2.0 ba · 1,107 sqft · SingleFamily public records · 2 Days on market

Built 1975 8,712 sqft lot Est $144k · at est.

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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 +25.1/30.0
• ARV discount +8.7/15.0
• DSCR +8.2/10.0
• 1% rule +5.7/10.0
• Rent growth +4.2/5.0
• Schools +4.2/10.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This property has been placed in an upcoming event. All bids should be submitted at www.Xome.com (void where prohibited). Please submit any pre-auction offer received through the property details page on Xome.com. Any post-auction offers will need to be submitted directly to the listing agent. All offers will be reviewed and responded to within 3 business days. All properties are subject to a 5% buyer's premium pursuant to the Auction Participation Agreement and Terms & Conditions (minimums will apply). Contact an agent for details. Cash only. Open kitchen. Laminate/wood flooring. Covered back porch. Near Gulfport shopping/dining and amenities. No disclosures. Buyers to satisfy themselves as to condition.

Key facts

• Large backyard
• Converted garage
• Spacious lot

Tags

• PRIVATE PRIMARY SUITE
• CONVERTED GARAGE
• LARGE BACKYARD
• SPACIOUS LOT
• FLEXIBLE LIVING SPACE
• FUNCTIONAL SPLIT FLOOR PLAN

Property features AI

Exterior

• Parking: Driveway on concrete
• Utilities: Public water; Electricity connected
• Home design: Single-family house; One level
• Construction: Brick construction; Asphalt shingle roof; Slab foundation; Built information from assessor/appraiser
• Exterior features: Front porch; Back yard fencing

Interior

• Kitchen: Built-in refrigerator; Electric range
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central electric heating; Central air conditioning
• Interior features: Move-in ready condition; Built-in refrigerator; Electric range

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $309 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $140k).
• Cap rate 8.9% 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: amenities F, commute F, employment 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.
• Zoned schools: Three Rivers Elementary (math 37% / reading 46%, grade F, #113 of 375 statewide, top 31%, 498 students, 99% FRL) — zoned schools average 99% FRL vs 62% district-wide (37 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+7.0%/yr); 769 active listings in the ZIP; 21 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 57% 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $968 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.
• At projected returns (-3.0% appreciation + 7.0% rent growth), your $39k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 10y 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 $140,000

Questions for the listing agent

1. Built in 1975 — 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. 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?
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: 1.07% ✓
• Cap rate: 8.94%
• Cash-on-cash: 9.45%
• DSCR: 1.42
• GRM: 7.8

CMA / ARV

• ARV (on-the-fly): $143,910
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
305 Lavelle Dr	0.14mi	3/2.0	1,050 (-5%)	3mo	$140,000	$133	83
120 Imilda Dr	0.34mi	3/2.0	1,200 (+8%)	3mo	$79,900	$67	68
119 Gahan Dr	0.60mi	3/1.5	1,100 (-1%)	3mo	$145,000	$132	66
710 Beverly Dr	0.43mi	3/2.0	1,014 (-8%)	3mo	$140,000	$138	63
12104 Three Rivers Rd	0.49mi	2/1.0 (-1)	1,064 (-4%)	2mo	$39,000	$37	60
801 Shirley Dr	0.38mi	3/1.5	986 (-11%)	5mo	$80,750	$82	58
11433 Klein Rd	0.72mi	3/1.5	1,150 (+4%)	3mo	$70,000	$61	56
1010 Michelle Dr	0.47mi	3/2.0	1,252 (+13%)	4mo	$159,900	$128	53
13517 Artes St	0.52mi	2/1.0 (-1)	1,000 (-10%)	0mo	$139,900	$140	50
12011 Three Rivers Rd	0.48mi	2/1.0 (-1)	960 (-13%)	2mo	$125,000	$130	44
12011 Three Rivers Rd Unit A	0.48mi	2/1.0 (-1)	960 (-13%)	7mo	$119,900	$125	40
15051 Sagewood St	0.73mi	3/2.0	1,272 (+15%)	4mo	$189,999	$149	37

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: 2.1%
• Equity multiple: 1.08×
• Total profit: $3,215
• Equity at exit: $20,874

10-year hold

• IRR: 15.0%
• Equity multiple: 2.43×
• Total profit: $55,959
• Equity at exit: $12,105

Cash invested: $39,200 (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: 769
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $1,504 high
• Mortgage (P&I): −$734
• Tax from tax record: −$87 /mo · $1,045/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$316
• Net cashflow: $309

Break-even live

Break-even rent $1,113

Max offer price $140,000

Occupancy floor 74%

Sensitivity live

Price	-10% $388	-5% $348	+0% $309	+5% $269	+10% $229
Rent	-10% $190	-5% $249	+0% $309	+5% $368	+10% $427
Rate	-1.0pp $379	-0.5pp $344	base $309	+0.5pp $272	+1.0pp $235

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: $35,000
• Closing costs: $4,200
• Reserves months: —
• Total cash needed: —

Rent comps 21 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
125 Clarence Dr Gulfport, MS	3.0	2.0	1300	$1,500	$1.15	14d	1	0.43mi
1009 Michelle Dr Gulfport, MS	4.0	2.0	1254	$1,650	$1.32	44d	1	0.52mi
12040 Highland Ave Gulfport, MS	3.0	2.0	1019	$950	$0.93	14d	1	0.62mi
12147 Prudie Cir Gulfport, MS	3.0	2.0	1100	$975	$0.89	44d	1	0.71mi
12450 Three Rivers Rd Gulfport, MS	3.0	2.0	1098	$1,295	$1.18	44d	1	0.77mi
14180 Oneal Rd Gulfport, MS	2.0	1.0	1000	$1,100	$1.10	44d	2	0.77mi
101 Fore St Gulfport, MS	3.0	2.0	1215	$1,700	$1.40	14d	1	0.89mi
11200 Three Rivers Rd Gulfport, MS	3.0	2.0	1124	$1,445	$1.29	14d	1	0.99mi
11200 Three Rivers Rd Gulfport, MS	2.0	2.0	1042	$1,147	$1.10	44d	1	0.99mi
11502 Camden Court Cir Gulfport, MS	3.0	2.0	1495	$1,775	$1.19	22d	1	1.09mi
15235 Oneal Rd Gulfport, MS	2.0	2.0	1101	$1,200	$1.09	14d	1	1.12mi
15251 Parkwood Dr N Gulfport, MS	3.0	2.5	1200	$1,200	$1.00	44d	1	1.12mi
11413 Camden Court Cir Gulfport, MS	3.0	2.0	1495	$1,775	$1.19	44d	1	1.17mi
11487 Camden Court Cir Gulfport, MS	3.0	2.0	1495	$1,775	$1.19	44d	1	1.17mi
11405 Camden Court Cir Gulfport, MS	3.0	2.0	1495	$1,775	$1.19	44d	1	1.17mi
11425 Camden Court Cir Gulfport, MS	3.0	2.0	1495	$1,775	$1.19	22d	1	1.17mi
13070 Tracewood Dr Gulfport, MS	3.0	2.0	1190	$1,400	$1.18	22d	1	1.21mi
15373 Saint Charles St Gulfport, MS	3.0	1.0–3.0	1075	$1,350	$1.26	44d	2	1.28mi
11213 Dobson Rd Gulfport, MS	2.0	1.0	900	$1,200	$1.33	44d	1	1.29mi
10479 Cal Ln Gulfport, MS	2.0	1.5	1200	$950	$0.79	22d	1	1.46mi
14437 Whitney Dr Gulfport, MS	2.0	1.5	1200	$1,200	$1.00	44d	1	1.46mi

Listing history 4 events

1. 2026-05-25
   listed $140,000 Active
2. 2016-10-04
   soldstatus
3. 2016-09-29
   soldstatus 718-char remark

   Show marketing remark (718 chars)

   This property has been placed in an upcoming event. All bids should be submitted at www.Xome.com (void where prohibited). Please submit any pre-auction offer received through the property details page on Xome.com. Any post-auction offers will need to be submitted directly to the listing agent. All offers will be reviewed and responded to within 3 business days. All properties are subject to a 5% buyer's premium pursuant to the Auction Participation Agreement and Terms & Conditions (minimums will apply). Contact an agent for details. Cash only. Open kitchen. Laminate/wood flooring. Covered back porch. Near Gulfport shopping/dining and amenities. No disclosures. Buyers to satisfy themselves as to condition.

4. 2016-08-31
   listed $35,000 718-char remark

   Show marketing remark (718 chars)

   This property has been placed in an upcoming event. All bids should be submitted at www.Xome.com (void where prohibited). Please submit any pre-auction offer received through the property details page on Xome.com. Any post-auction offers will need to be submitted directly to the listing agent. All offers will be reviewed and responded to within 3 business days. All properties are subject to a 5% buyer's premium pursuant to the Auction Participation Agreement and Terms & Conditions (minimums will apply). Contact an agent for details. Cash only. Open kitchen. Laminate/wood flooring. Covered back porch. Near Gulfport shopping/dining and amenities. No disclosures. Buyers to satisfy themselves as to condition.

ⓘ 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: $1,045 · $87/mo
• Projected year-2 tax: $1,106 · $92/mo
• Expected delta: +$61/yr (+$5/mo · 5.8%)

ⓘ 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: $18,048
• − Mortgage interest: −$7,842
• − Property taxes: −$1,045
• − Insurance: −$700
• − Repairs & maintenance: −$1,444
• − Management: −$1,444
• − Depreciation: −$4,073
• Taxable income: $1,500
• Est. tax owed @ 24.0%: −$360
• After-tax cash flow: $3,343/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

+300.0% since first listed

4 events — show timeline

• 2026-05-25 Listed $140,000 MLSU
• 2016-10-04 Sold (Public Records) — Public Records
• 2016-09-29 Sold (MLS) — MLSU
• 2016-08-31 Listed $35,000 MLSU

Property tax history

+7.0%/yr

Latest (2025): $1,045 · +4.5% YoY. Source: county tax records.