150 Gary St · Gulfport, MS 39503

$159,000

3 bd · 2.0 ba · 1,283 sqft · SingleFamily public records · 27 Days on market

Built 1977 0.32 ac lot $124/sqft · at area comps Est $198k · 20% 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 +20.7/30.0
• ARV discount +15.0/15.0
• DSCR +6.6/10.0
• 1% rule +4.8/10.0
• 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 HOME IS IN EXCELLENT CONDITION. MANY UPGRADES. NEW CARPET, PAINT, BATHROOM TILE, NEW ROOF. LARGE FENCED YARD BACKS UP TO COMMUNITY RD. PROPERTY ALSO ZONED COMMERCIAL. THIS IS A MUST SEE HOME.

Key facts

• Metal roof
• Outbuilding
• Large shed

Tags

• METAL ROOF
• LARGE SHED
• OUTBUILDING

Property features AI

Exterior

• Parking: Attached carport; Concrete parking surface; 2 garage spaces (4 total parking spaces)
• Utilities: Public sewer; Community water; Electricity connected; Water available
• Home design: Single-family house; One story; Fixer condition
• Construction: Brick veneer exterior; Metal roof; Slab foundation; Built in public-record year (year built per public records)
• Exterior features: Private yard; Covered porch; Outbuilding with shed, storage, and workshop; Back yard chain-link fencing; City lot, cleared

Interior

• Kitchen: Built-in gas oven; Cooktop
• Flooring: Vinyl flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (natural gas); Central air conditioning
• Interior features: Open floorplan; Aluminum-framed windows
• Laundry & utility: Washer hookup; Electric dryer hookup; Laundry area in kitchen

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $159k.

Deal economics

• At list price, monthly cash flow is $216 ($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 $156k (2.0% below list).
• Recommended offer: $156k (2.0% below list) — sets the bar for 1% rule.
• Cap rate 7.9% 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: 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); 763 active listings in the ZIP; 17 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 53% 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 $1k of loan paydown is wiped out by about $5k 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 $45k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 27 days — a 2% lower offer ($157k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 20y ago; this cycle's ask has dropped $11k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $155,811 (2.0% below list)

Questions for the listing agent

1. Built in 1977 — 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: 0.98% ✗
• Cap rate: 7.93%
• Cash-on-cash: 5.83%
• DSCR: 1.26
• GRM: 8.5

CMA / ARV

• ARV (median comp): $198,352
• List price: $159,000
• Delta: -19.84%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
136 Gary St	0.03mi	3/2.0	1,391 (+8%)	0mo	$212,900	$153	84
110 Ben Dr	0.29mi	3/2.0	1,320 (+3%)	0mo	$165,000	$125	81
118 James Dr	0.31mi	4/2.0 (+1)	1,350 (+5%)	2mo	$178,000	$132	70
14946 Rowan Oak St	0.36mi	3/1.5	1,100 (-14%)	3mo	$173,990	$158	55
113 Fore St	0.63mi	3/2.0	1,400 (+9%)	1mo	$150,000	$107	54
14950 Rowan Oak St	0.36mi	3/1.5	1,100 (-14%)	4mo	$179,600	$163	54
14975 Rowan Oak St	0.35mi	3/1.5	1,100 (-14%)	6mo	$176,600	$161	53
14957 Rowan Oak St	0.39mi	3/1.5	1,100 (-14%)	5mo	$170,990	$155	52
14955 Rowan Oak St	0.36mi	2/2.5 (-1)	1,100 (-14%)	1mo	$169,990	$155	52
14962 Rowan Oak St	0.36mi	2/2.5 (-1)	1,100 (-14%)	1mo	$173,990	$158	52
106 Graham St	0.61mi	3/1.5	1,450 (+13%)	2mo	$130,000	$90	46
11377 Klein Rd	0.71mi	3/1.5	1,450 (+13%)	1mo	$170,000	$117	42

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: -3.2%
• Equity multiple: 0.88×
• Total profit: $-5,511
• Equity at exit: $23,707

10-year hold

• IRR: 10.3%
• Equity multiple: 1.94×
• Total profit: $41,812
• Equity at exit: $13,747

Cash invested: $44,520 (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: 763
• Price-to-rent: 8.5×

Monthly cashflow live

• Estimated rent: $1,558 high
• Mortgage (P&I): −$834
• Tax from tax record: −$115 /mo · $1,375/yr
• Insurance: −$66
• HOA: −$0
• Vacancy / Maint / Mgmt: −$327
• Net cashflow: $216

Break-even live

Break-even rent $1,284

Max offer price $159,000

Occupancy floor 81%

Sensitivity live

Price	-10% $306	-5% $261	+0% $216	+5% $171	+10% $126
Rent	-10% $93	-5% $155	+0% $216	+5% $278	+10% $339
Rate	-1.0pp $296	-0.5pp $257	base $216	+0.5pp $175	+1.0pp $133

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: $39,750
• Closing costs: $4,770
• Reserves months: —
• Total cash needed: —

Rent comps 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
10471 Three Rivers Rd Gulfport, MS	1.0–2.0	1.0–2.0	778	$1,050	$1.35	44d	1	0.37mi
14437 Whitney Dr Gulfport, MS	2.0	1.5	1200	$1,200	$1.00	44d	1	0.40mi
10479 Cal Ln Gulfport, MS	2.0	1.5	1200	$950	$0.79	22d	1	0.41mi
11213 Dobson Rd Gulfport, MS	2.0	1.0	900	$1,200	$1.33	44d	1	0.43mi
101 Fore St Gulfport, MS	3.0	2.0	1215	$1,700	$1.40	14d	1	0.67mi
11413 Camden Court Cir Gulfport, MS	3.0	2.0	1495	$1,775	$1.19	44d	1	0.74mi
11425 Camden Court Cir Gulfport, MS	3.0	2.0	1495	$1,775	$1.19	22d	1	0.74mi
11487 Camden Court Cir Gulfport, MS	3.0	2.0	1495	$1,775	$1.19	44d	1	0.74mi
11405 Camden Court Cir Gulfport, MS	3.0	2.0	1495	$1,775	$1.19	44d	1	0.74mi
11502 Camden Court Cir Gulfport, MS	3.0	2.0	1495	$1,775	$1.19	22d	1	0.77mi
11200 Three Rivers Rd Gulfport, MS	3.0	2.0	1124	$1,445	$1.29	14d	1	0.84mi
11200 Three Rivers Rd Gulfport, MS	2.0	2.0	1042	$1,147	$1.10	44d	1	0.84mi
125 Clarence Dr Gulfport, MS	3.0	2.0	1300	$1,500	$1.15	14d	1	1.09mi
1009 Michelle Dr Gulfport, MS	4.0	2.0	1254	$1,650	$1.32	44d	1	1.10mi
10466 Steeplechase Dr Gulfport, MS	3.0	2.0	1677	$1,800	$1.07	14d	1	1.13mi
16222 Saddle Dr Gulfport, MS	3.0	2.0	1680	$1,600	$0.95	22d	1	1.19mi
15373 Saint Charles St Gulfport, MS	3.0	1.0–3.0	1075	$1,350	$1.26	44d	2	1.24mi

Listing history 9 events

1. 2026-06-01
   status $159,000 Pending 27 DOM
2. 2026-05-31
   days on market $159,000 Active 27 DOM
3. 2026-05-30
   days on market $159,000 Active 26 DOM
4. 2026-05-04
   listed $169,900 Active 423-char remark
5. 2022-10-04
   historical
6. 2022-08-16
   listed $152,000 Active
7. 2016-01-12
   soldstatus
8. 2006-03-24
   soldstatus

   Show marketing remark (196 chars)

   THIS HOME IS IN EXCELLENT CONDITION. MANY UPGRADES. NEW CARPET, PAINT, BATHROOM TILE, NEW ROOF. LARGE FENCED YARD BACKS UP TO COMMUNITY RD. PROPERTY ALSO ZONED COMMERCIAL. THIS IS A MUST SEE HOME.

9. 2006-03-02
   listed $159,900

   Show marketing remark (196 chars)

   THIS HOME IS IN EXCELLENT CONDITION. MANY UPGRADES. NEW CARPET, PAINT, BATHROOM TILE, NEW ROOF. LARGE FENCED YARD BACKS UP TO COMMUNITY RD. PROPERTY ALSO ZONED COMMERCIAL. THIS IS A MUST SEE HOME.

ⓘ 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: $1,375 · $115/mo
• Projected year-2 tax: $1,375 · $115/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 3/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 24 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: $18,697
• − Mortgage interest: −$8,906
• − Property taxes: −$1,375
• − Insurance: −$795
• − Repairs & maintenance: −$1,496
• − Management: −$1,496
• − Depreciation: −$4,625
• Taxable income: $4
• Est. tax owed @ 24.0%: −$1
• After-tax cash flow: $2,594/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

-0.6% since first listed

8 events — show timeline

• 2026-05-31 Pending — MLSU
• 2026-05-20 Price Changed $159,000 MLSU
• 2026-05-04 Listed $169,900 MLSU
• 2022-10-04 Listing Removed — MLSU
• 2022-08-16 Listed $152,000 MLSU
• 2016-01-12 Sold (Public Records) — Public Records
• 2006-03-24 Sold (MLS) — MLSU
• 2006-03-02 Listed $159,900 MLSU

Property tax history

+0.4%/yr

Latest (2025): $1,375 · +3.9% YoY. Source: county tax records.