108 Lynne Therese Cir · Ocean Springs, MS 39564

$273,000

3 bd · 2.0 ba · 1,508 sqft · SingleFamily public records · 26 Days on market

Built 1983 10,454 sqft lot $181/sqft · 9% above area Est $265k · at est.

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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 +14.2/30.0
• ARV discount +6.2/15.0
• Schools +5.3/10.0
• DSCR +4.3/10.0
• Livability +4.3/5.0
• 1% rule +2.9/10.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to a nature lover's dream! This 3 bedroom 2 bath home has been lovingly updated to include a new roof, fresh paint throughout, updated kitchen and bathrooms and several new light fixtures. The kitchen countertops, refrigerator, dishwasher, and vent hood are all brand new! A separate room just off the kitchen can serve as a dining room or a flex space. The living room with its tall ceilings and expansive wall of windows allows for great views of the natural back yard. There's also a wood burning fireplace, perfect for our colder months. Heron Bayou subdivision is in a great location as it is close to shopping, restaurants, schools, and within a few minutes to downtown. Its convenie

Key facts

• Updated bathrooms
• New refrigerator
• Updated kitchen

Tags

• NEW ROOF
• UPDATED KITCHEN
• UPDATED BATHROOMS
• NEW LIGHT FIXTURES
• NEW COUNTERTOPS
• NEW REFRIGERATOR

Property features AI

Exterior

• Parking: 2 paved parking spaces; 2-car garage
• Utilities: Public water; Public sewer; Electricity connected; Cable available; Water connected
• Home design: Single-family house; One story; Move-in ready
• Construction: Brick, siding, and stone construction; Shingle roof; Slab foundation; Built (year per public records)
• Exterior features: Private yard; Fenced yard with privacy wood fencing; Few trees

Interior

• Kitchen: Dishwasher; Refrigerator; Vented exhaust fan
• Flooring: Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air
• Interior features: Beamed ceilings; Ceiling fan(s); Laminate counters; Pantry; Sliding doors
• Laundry & utility: Washer hookup; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $273k.

Deal economics

• At list price, monthly cash flow is $46 ($549/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 $216k (20.7% below list).
• Recommended offer: $216k (20.7% below list) — sets the bar for 1% rule.
• Cap rate 6.5% vs local median 4.2% in Ocean Springs — 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 86/100 on livability (#2 in MS, #420 nationally) — a professional / high-income tenant draw. Strengths: crime A+, amenities A+, cost of living A+; Watch: commute F.
• Ocean Springs School District (suburban): math 64% / reading 59% proficiency, ranked #1 of 130 in MS (top 1%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Pecan Park Elementary School (math 62% / reading 57%, grade B-, #27 of 375 statewide, top 8%, 530 students, 99% FRL); Ocean Springs Middle School (math 66% / reading 61%, grade B+, #3 of 179 statewide, top 2%, 967 students, 100% FRL); Ocean Springs High School (math 77% / reading 64%, grade B+, #1 of 197 statewide, top 0%, 1,899 students, 100% FRL) — zoned schools average 100% FRL vs 33% district-wide (67 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+1.3%/yr); 723 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 516 units permitted in Jackson County in 2024 (6 in 5+ unit buildings).
• This rent runs 33% of the median local income ($79k/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 $8k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 26 days — a 2% lower offer ($269k) 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 $216,377 (20.7% 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 B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 0.79% ✗
• Cap rate: 6.49%
• Cash-on-cash: 0.72%
• DSCR: 1.03
• GRM: 10.5

CMA / ARV

• ARV (median comp): $265,209
• List price: $273,000
• Delta: 2.94%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
146 Booth Cir	0.19mi	3/2.0	1,539 (+2%)	6mo	$269,000	$175	82
141 Reynolds Cir	0.15mi	3/2.0	1,525 (+1%)	24mo	$265,000	$174	72
110 Reynolds Cir	0.17mi	3/2.0	1,628 (+8%)	10mo	$240,000	$147	70
119 Reynolds Cir	0.24mi	3/2.0	1,562 (+4%)	18mo	$200,000	$128	68
28 Zettle Rd	0.38mi	3/2.0	1,556 (+3%)	16mo	$224,500	$144	63
133 Reynolds Cir	0.22mi	3/2.0	1,691 (+12%)	11mo	$285,000	$169	60
128 Reynolds Cir	0.20mi	4/2.5 (+1)	1,730 (+15%)	11mo	$294,900	$170	50
19 Davis Bayou Cir	0.68mi	2/1.0 (-1)	1,473 (-2%)	8mo	$255,000	$173	48
9224 E Ridgeview Dr	0.48mi	3/2.0	1,648 (+9%)	23mo	$299,900	$182	43
115 Spanish Cove Dr	0.62mi	4/2.0 (+1)	1,624 (+8%)	13mo	$340,000	$209	43
4122 Silverwood Dr	0.72mi	3/2.0	1,650 (+9%)	22mo	$239,000	$145	33

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 · 1.31% rent growth · sell at horizon

5-year hold

• IRR: -16.9%
• Equity multiple: 0.41×
• Total profit: $-45,046
• Equity at exit: $40,705

10-year hold

• IRR: -11.8%
• Equity multiple: 0.34×
• Total profit: $-50,248
• Equity at exit: $23,604

Cash invested: $76,440 (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 39564

• Home prices YoY: -26.8%
• Rents YoY: 1.3%
• Active inventory: 723
• Price-to-rent: 10.5×

Monthly cashflow live

• Estimated rent: $2,164 high
• Mortgage (P&I): −$1,432
• Tax from tax record: −$118 /mo · $1,419/yr
• Insurance: −$114
• HOA: −$0
• Vacancy / Maint / Mgmt: −$454
• Net cashflow: $46

Break-even live

Break-even rent $2,106

Max offer price $273,000

Occupancy floor 93%

Sensitivity live

Price	-10% $200	-5% $123	+0% $46	+5% $-31	+10% $-109
Rent	-10% $-125	-5% $-40	+0% $46	+5% $131	+10% $217
Rate	-1.0pp $183	-0.5pp $115	base $46	+0.5pp $-25	+1.0pp $-97

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: $68,250
• Closing costs: $8,190
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
106 Booth Cir Ocean Springs, MS	4.0	2.0	2100	$2,500	$1.19	15d	1	0.05mi
1200 Deana Rd Ocean Springs, MS	2.0	2.0	1063	$1,337	$1.26	45d	1	0.75mi
1200 Deana Rd Ocean Springs, MS	2.0	2.0	1063	$1,296	$1.22	23d	1	0.75mi
1200 Deana Rd Ocean Springs, MS	2.0	2.0	1063	$1,405	$1.32	15d	1	0.75mi
3825 Timberlake Dr Ocean Springs, MS	3.0	2.0	1640	$2,200	$1.34	23d	1	0.85mi
132 Gettysburg Cir Ocean Springs, MS	4.0	3.0	1689	$2,195	$1.30	23d	1	0.88mi
3500 Groveland Rd Ocean Springs, MS	2.0–3.0	2.0	1173	$1,750	$1.49	15d	1	0.93mi
3910 Yosemite Dr Ocean Springs, MS	3.0	2.0	1070	$1,595	$1.49	45d	1	0.98mi
3305 N 8th St Ocean Springs, MS	4.0	2.0	1802	$2,250	$1.25	23d	1	1.10mi
7003 Ute Ct Ocean Springs, MS	4.0	2.0	2000	$2,195	$1.10	23d	1	1.14mi
1221 King Henry Dr Ocean Springs, MS	3.0	2.0	1599	$1,800	$1.13	45d	1	1.19mi
4008 Breezy Hill Ln Ocean Springs, MS	4.0	3.0	1600	$3,200	$2.00	15d	1	1.24mi

Listing history 4 events

1. 2026-06-01
   status $273,000 Pending 26 DOM
2. 2026-05-31
   days on market $273,000 Active 26 DOM
3. 2026-05-30
   days on market $273,000 Active 25 DOM
4. 2026-05-05
   listed $273,000 Active 888-char remark

ⓘ 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: $1,419 · $118/mo
• Projected year-2 tax: $2,157 · $180/mo
• Expected delta: +$738/yr (+$62/mo · 52.0%)

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

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (shaded) · 13% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°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: $25,965
• − Mortgage interest: −$15,292
• − Property taxes: −$1,419
• − Insurance: −$1,365
• − Repairs & maintenance: −$2,077
• − Management: −$2,077
• − Depreciation: −$7,942
• Taxable loss: −$4,207
• Est. tax savings @ 24.0%: +$1,010
• After-tax cash flow: $1,559/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: Ocean Springs School District
• NCES district ID: 2803360
• Math proficiency: 64% ▼ -3.00%
• Reading proficiency: 59% ▲ 1.00%
• Median HH income: $60,485
• Composite: 53.35/100
• National rank: #1477
• State rank: #1 of 130 in MS

Livability — Ocean Springs

• Score: 86/100
• State rank: #2
• US rank: #420

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Ocean Springs, MS
• County: Jackson County · 82,196 people
• City population: 43,240
• Metro: Gulfport-Biloxi, MS
• Population (ZIP): 43,240
• Household income: $78,596
• Rent vs Own: 27.8% rent · 72.2% own
• Severe rent burden: 734.0

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 (74%)
• Race & ethnicity: White 74% Black 10% Hispanic / Latino 8% Two or more races 7% Asian 4%
• Hispanic origin (detail): Mexican 3% Puerto Rican 2%
• Common ancestry: Lithuanian 5% Slovak 4% Romanian 2%
• Foreign-born: 5% · Canada, South Korea, Vietnam
• Languages at home: 93% English-only · Spanish 3% Vietnamese 2% Tagalog/Filipino 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: ▼ -74.77%
• Current HPI: 204.2244
• Rent YoY: ▲ 1.31%
• Metro: Gulfport-Biloxi, MS
• State GDP YoY: —
• F500 in state: 0

Price history

2 events — show timeline

• 2026-05-31 Pending — MLSU
• 2026-05-05 Listed $273,000 MLSU

Property tax history

+2.9%/yr

Latest (2025): $1,419 · +7.0% YoY. Source: county tax records.