329 Park Dr · Biloxi, MS 39531

$157,900

3 bd · 1.0 ba · 1,248 sqft · SingleFamily public records · 49 Days on market

Built 1964 0.30 ac lot $127/sqft · 6% below area Est $169k · 6% under ↓ 18% since listing

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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 +20.4/30.0
• ARV discount +10.3/15.0
• DSCR +6.5/10.0
• 1% rule +4.8/10.0
• Schools +4.5/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Are you looking for your next investment or next place to call home? This spacious 4-bedroom, 1-bathroom gem is waiting for you to make this your own. Step inside to discover all this home has to offer. Laminated floors, refrigerator and stove included. The spacious kitchen offers ample cabinet and counter space. Enjoy sitting around the table for both everyday meals and entertaining guests. Each of the four bedrooms offers natural light and plenty of closet space. Enjoy a large backyard ideal for outdoor activities and gatherings. Conveniently located in a friendly neighborhood close to schools, restaurants and shopping. This move-in ready home is waiting for you to start creating memories

Key facts

• Ample counter space
• Spacious kitchen
• Large backyard

Tags

• REFRIGERATOR INCLUDED
• STOVE INCLUDED
• SPACIOUS KITCHEN
• AMPLE CABINET SPACE
• AMPLE COUNTER SPACE
• LARGE BACKYARD

Property features AI

Finance

• Other: Zoned General Residential

Exterior

• Parking: Driveway (2 parking spaces); Paved driveway
• Utilities: Public water; Public sewer; Electricity connected; Water connected
• Home design: Single-family house; One story; Move-in ready
• Construction: Siding exterior; Shingle roof; Slab foundation; Built in public records (year available in records)
• Exterior features: Front porch; Private yard; Back yard fencing; Corner lot

Interior

• Kitchen: Appliances listed in remarks
• Flooring: Simulated wood flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans
• Laundry & utility: Washer hookup; Electric dryer hookup; Dedicated laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $158k.

Deal economics

• At list price, monthly cash flow is $206 ($2k/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 $154k (2.3% below list).
• Recommended offer: $153k (3.0% below list) — sets the bar for market timing.
• Cap rate 7.9% vs local median 3.5% in Biloxi — 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 79/100 on livability (#6 in MS, #2,141 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: commute D+, amenities F, employment D-.
• Biloxi Public School District (urban): math 60% / reading 48% proficiency, ranked #7 of 130 in MS (top 5%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Popps Ferry Elementary School (math 53% / reading 58%, grade C, #40 of 375 statewide, top 11%, 552 students, 100% FRL); Biloxi Junior High (math 60% / reading 43%, grade C, #27 of 179 statewide, top 16%, 881 students, 100% FRL); Biloxi High School (math 65% / reading 53%, grade C+, #7 of 197 statewide, top 3%, 1,728 students, 100% FRL) — zoned schools average 100% FRL vs 59% district-wide (40 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents flat; 201 active listings in the ZIP; 20 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 45% 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 34% of the median local income ($54k/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 $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.

Negotiation context

• It's been on market 49 days — a 3% lower offer ($153k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 2y 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: major flood risk; 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 $153,163 (3.0% below list)

Questions for the listing agent

1. It's been on market 49 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1964 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 7.86%
• Cash-on-cash: 5.60%
• DSCR: 1.25
• GRM: 8.5

CMA / ARV

• ARV (median comp): $168,509
• List price: $157,900
• Delta: -6.30%
• 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
2167 Sherwood Pl	0.17mi	3/2.0	1,200 (-4%)	1mo	$209,000	$174	81
346 Tanglewood Dr	0.20mi	3/2.0	1,245 (-0%)	7mo	$200,000	$161	80
331 Greenwood Dr	0.35mi	3/1.5	1,275 (+2%)	0mo	$190,000	$149	78
2160 Driftwood Dr	0.21mi	3/2.0	1,200 (-4%)	9mo	$158,000	$132	72
379 Greenwood Dr	0.25mi	3/1.5	1,350 (+8%)	6mo	$139,900	$104	68
2085 Pat Ln	0.20mi	3/2.0	1,122 (-10%)	11mo	$237,000	$211	61
2146 Driftwood Dr	0.19mi	3/2.0	1,406 (+13%)	8mo	$178,000	$127	59
375 Nelson Rd	0.65mi	3/2.0	1,304 (+4%)	1mo	$195,000	$150	57
329 West Dr	0.57mi	3/2.0	1,188 (-5%)	13mo	$119,000	$100	50
389 Belvedere Cir	0.51mi	4/2.0 (+1)	1,194 (-4%)	12mo	$179,000	$150	50
2383 Trafalgar Dr	0.74mi	3/2.0	1,333 (+7%)	11mo	$186,000	$140	41
303 West Dr	0.66mi	3/2.0	1,079 (-14%)	14mo	$145,000	$134	31

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 · 0.05% rent growth · sell at horizon

5-year hold

• IRR: -10.8%
• Equity multiple: 0.62×
• Total profit: $-16,918
• Equity at exit: $23,543

10-year hold

• IRR: -6.1%
• Equity multiple: 0.66×
• Total profit: $-15,115
• Equity at exit: $13,652

Cash invested: $44,212 (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 39531

• Home prices YoY: -13.0%
• Rents YoY: 0.1%
• Active inventory: 201
• Price-to-rent: 8.5×

Monthly cashflow live

• Estimated rent: $1,542 high
• Mortgage (P&I): −$828
• Tax from tax record: −$118 /mo · $1,416/yr
• Insurance: −$66
• HOA: −$0
• Vacancy / Maint / Mgmt: −$324
• Net cashflow: $206

Break-even live

Break-even rent $1,281

Max offer price $157,900

Occupancy floor 82%

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: $39,475
• Closing costs: $4,737
• Reserves months: —
• Total cash needed: —

Rent comps 20 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
310 Abbey Ct Biloxi, MS	2.0–3.0	1.0–2.0	1062	$1,275	$1.20	21d	17	0.40mi
330 Belvedere Dr Biloxi, MS	3.0	1.0	1000	$1,200	$1.20	13d	1	0.47mi
340 Hiller Dr Biloxi, MS	3.0	2.0	1447	$1,749	$1.21	21d	1	0.70mi
390 Bertucci Blvd Biloxi, MS	3.0	2.0	1358	$1,800	$1.33	43d	1	0.72mi
2386 Merlin Cv Biloxi, MS	3.0	2.0	1500	$1,600	$1.07	13d	1	0.75mi
2387 Trafalgar Dr Biloxi, MS	3.0	2.0	1375	$1,700	$1.24	21d	1	0.78mi
495 Popps Ferry Rd Biloxi, MS	2.0	1.5–2.5	1455	$1,850	$1.27	43d	2	0.91mi
2046 Beach Blvd Biloxi, MS	2.0	2.0	1152	$2,200	$1.91	21d	1	1.02mi
1910 Southern Ave Biloxi, MS	1.0–2.0	1.0–1.5	725	$1,200	$1.66	13d	2	1.11mi
2508 Shady Ln Biloxi, MS	3.0	2.0	1431	$2,100	$1.47	43d	1	1.15mi
2068 Beach Blvd Unit 142 Biloxi, MS	2.0	2.0	1001	$1,600	$1.60	13d	1	1.18mi
2068 Beach Blvd Unit 202 Biloxi, MS	2.0	2.0	1001	$1,600	$1.60	43d	1	1.18mi
2068 Beach Blvd Unit 342 Biloxi, MS	2.0	2.0	1001	$1,550	$1.55	13d	1	1.18mi
245 Mc Donnell Ave Biloxi, MS	2.0	1.0	775	$1,595	$2.06	21d	1	1.19mi
245 Mc Donnell Ave Unit I-164 Biloxi, MS	2.0	1.0	745	$1,195	$1.60	43d	1	1.23mi
245 Mc Donnell Ave Unit E-131 Biloxi, MS	2.0	1.0	745	$995	$1.34	43d	1	1.23mi
1737 James Buchanan Dr Biloxi, MS	3.0	2.0	1328	$1,650	$1.24	43d	1	1.32mi
258 Stennis Dr Biloxi, MS	2.0	1.0–2.0	1040	$1,245	$1.20	13d	1	1.39mi
258 Stennis Dr Biloxi, MS	2.0	1.0	930	$1,100	$1.18	43d	1	1.39mi
2436 Beach Blvd Biloxi, MS	3.0	2.0	1260	$975	$0.77	44d	1	1.40mi

Listing history 23 events

1. 2026-06-18
   days on market $157,900 Active 49 DOM
2. 2026-06-17
   days on market $157,900 Active 48 DOM
3. 2026-06-16
   days on market $157,900 Active 47 DOM
4. 2026-06-15
   days on market $157,900 Active 46 DOM
5. 2026-06-14
   days on market $157,900 Active 44 DOM
6. 2026-06-13
   days on market $157,900 Active 43 DOM
7. 2026-06-09
   days on market $157,900 Active 40 DOM
8. 2026-06-08
   days on market $157,900 Active 39 DOM
9. 2026-06-07
   days on market $157,900 Active 38 DOM
10. 2026-06-05
    days on market $157,900 Active 35 DOM
11. 2026-06-03
    pricedays on market $157,900 Active 34 DOM
12. 2026-06-02
    days on market $164,900 Active 33 DOM
13. 2026-06-01
    days on market $164,900 Active 32 DOM
14. 2026-05-31
    days on market $164,900 Active 31 DOM
15. 2026-05-30
    days on market $164,900 Active 30 DOM
16. 2026-04-29
    listed $164,900 Active 755-char remark
17. 2025-08-29
    historical
18. 2024-12-19
    historical $1,200
19. 2024-12-05
    historical
20. 2024-12-04
    listed $182,500 Active
21. 2024-11-22
    listed $1,200
22. 2024-08-22
    price $182,500
23. 2024-06-04
    listed $192,500 Active

ⓘ 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: $1,416 · $118/mo
• Projected year-2 tax: $1,416 · $118/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 6/10 Major FEMA zone X (unshaded) · 74% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 22 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,504
• − Mortgage interest: −$8,845
• − Property taxes: −$1,416
• − Insurance: −$790
• − Repairs & maintenance: −$1,480
• − Management: −$1,480
• − Depreciation: −$4,593
• Taxable loss: −$101
• Est. tax savings @ 24.0%: +$24
• After-tax cash flow: $2,500/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: Biloxi Public School District
• NCES district ID: 2800630
• Math proficiency: 60% ▼ -7.00%
• Reading proficiency: 48% ▼ -3.00%
• Median HH income: $40,608
• Composite: 45.26/100
• National rank: #2657
• State rank: #7 of 130 in MS

Livability — Biloxi

• Score: 79/100
• State rank: #6
• US rank: #2141

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Biloxi, MS
• County: Harrison County · 178,171 people
• City population: 63,281
• Metro: Gulfport-Biloxi, MS
• Population (ZIP): 18,918
• Household income: $54,218
• Rent vs Own: 61.4% rent · 38.6% own
• Severe rent burden: 1110.0

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 0.60)
• Race & ethnicity: White 60% Black 18% Two or more races 12% Hispanic / Latino 11% Asian 2%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Lithuanian 6% Slovak 2% Serbian 1%
• Foreign-born: 8% · Canada, Vietnam
• Languages at home: 89% English-only · Spanish 6% Arabic 1% Other Indo-European 1%

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: ▼ -28.97%
• Current HPI: 193.4018
• Rent YoY: ▬ 0.05%
• Metro: Gulfport-Biloxi, MS
• State GDP YoY: —
• F500 in state: 0

Price history

-18.0% since first listed

9 events — show timeline

• 2026-06-03 Price Changed $157,900 MLSU
• 2026-04-29 Listed $164,900 MLSU
• 2025-08-29 Listing Removed — MLSU
• 2024-12-19 Rental Removed $1,200 MLSU
• 2024-12-05 Listing Removed — MLSU
• 2024-12-04 Listed $182,500 MLSU
• 2024-11-22 Listed for Rent $1,200 MLSU
• 2024-08-22 Price Changed $182,500 MLSU
• 2024-06-04 Listed $192,500 MLSU

Property tax history

+1.2%/yr

Latest (2025): $1,416 · +4.1% YoY. Source: county tax records.