10641 Chapelwood Dr · Gulfport, MS 39503

$358,000

4 bd · 1.0 ba · 2,966 sqft · SingleFamily public records · 91 Days on market

Built 2020 0.29 ac lot $121/sqft · 11% below area Est $406k · 12% under

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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).

• ARV discount +12.9/15.0
• Cash flow +8.3/30.0
• Rent growth +4.2/5.0
• Schools +4.2/10.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• DSCR +2.3/10.0
• 1% rule +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Beautiful 5-year-old Kingston floor plan by D.R. Horton featuring an open layout with plenty of space for everyday living and entertaining. The gourmet kitchen offers granite countertops, subway tile backsplash, quiet-close cabinets and drawers, walk-in pantry, and stainless steel appliances including a farmhouse sink. The open floor plan creates an inviting setting that's perfect for gathering with family and friends or hosting guests. Generously sized bedrooms with a primary suite that includes double vanities, walk-in shower, garden tub, and a large walk-in closet that conveniently connects to the laundry room. Smart Home ready with video doorbell, WiFi lights, thermostat and more, all accessible from your phone. Conveniently located with quick access to U.S. Highway 49 and Canal Road, Gulfport-Biloxi, plus nearby shopping and dining.

Key facts

• Gourmet kitchen
• Quiet-close cabinets
• Granite countertops

Tags

• GOURMET KITCHEN
• GRANITE COUNTERTOPS
• SUBWAY TILE BACKSPLASH
• QUIET-CLOSE CABINETS
• WALK-IN PANTRY
• STAINLESS STEEL APPLIANCES

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $358k.

Deal economics

• At list price, monthly cash flow is $-325 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $301k (16.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $240k (33.0% below list).
• Recommended offer: $240k (33.0% below list) — sets the bar for 1% rule.

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; 4 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 75% 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).
• At $2,399/mo this rent would consume 46% of the median local household income ($63k/yr) (locally 1686% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $11k 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 91 days — a 9% lower offer ($326k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 6y ago; this cycle's ask has dropped $27k (7%) 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; major wildfire risk; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $239,919 (33.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 91 days. Have you received any prior offers? Is the seller open to a 33% concession, seller financing, or rate buy-down credit?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 0.67% ✗
• Cap rate: 5.20%
• Cash-on-cash: -3.89%
• DSCR: 0.83
• GRM: 12.4

CMA / ARV

• ARV (median comp): $406,310
• List price: $358,000
• Delta: -11.89%
• 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
10589 Harvest Dr	0.10mi	4/3.0	2,942 (-1%)	1mo	$360,000	$122	85
11319 Camelot Estates Dr	0.55mi	4/3.0	3,000 (+1%)	6mo	$295,000	$98	59
10359 Caroline Dr	0.52mi	4/2.5	2,811 (-5%)	9mo	$357,010	$127	54
10166 Patrick Dr	0.63mi	4/2.0	2,779 (-6%)	5mo	$354,000	$127	52
10263 Patrick Dr	0.67mi	4/2.0	2,779 (-6%)	4mo	$379,000	$136	50
10522 Glade Cv	0.20mi	5/3.0 (+1)	3,394 (+14%)	9mo	$419,990	$124	46
10314 Caroline Dr	0.43mi	5/3.0 (+1)	2,720 (-8%)	8mo	$356,180	$131	46
10068 Patrick Dr	0.63mi	5/3.0 (+1)	2,720 (-8%)	0mo	$359,872	$132	43
10429 E Landon Green Cir	0.38mi	5/3.0 (+1)	3,305 (+11%)	8mo	$529,900	$160	43
10090 Patrick Dr	0.63mi	5/3.0 (+1)	2,720 (-8%)	1mo	$358,636	$132	43
10441 Landon Meadows Dr	0.32mi	5/3.0 (+1)	2,525 (-15%)	9mo	$355,000	$141	40
11295 Peyton Dr	0.45mi	4/3.0	2,524 (-15%)	9mo	$325,000	$129	39

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: -19.0%
• Equity multiple: 0.31×
• Total profit: $-68,822
• Equity at exit: $53,379

10-year hold

• IRR: -5.7%
• Equity multiple: 0.58×
• Total profit: $-42,444
• Equity at exit: $30,953

Cash invested: $100,240 (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: 12.4×

Monthly cashflow live

• Estimated rent: $2,399 medium
• Mortgage (P&I): −$1,877
• Tax from tax record: −$194 /mo · $2,327/yr
• Insurance: −$149
• HOA: −$0
• Vacancy / Maint / Mgmt: −$504
• Net cashflow: $-325

Break-even live

Break-even rent $2,811

Max offer price $300,562

Occupancy floor —

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: $89,500
• Closing costs: $10,740
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
10749 Chapelwood Dr Gulfport, MS	4.0	2.5	2306	$2,250	$0.98	43d	1	0.21mi
10667 Wren Grv Gulfport, MS	4.0	3.0	2076	$2,850	$1.37	43d	1	0.44mi
11571 Caroline Ct Gulfport, MS	3.0	2.0	1950	$2,000	$1.03	43d	1	0.95mi
10536 Sweet Bay Dr Gulfport, MS	4.0	2.0	1961	$2,349	$1.20	13d	1	1.36mi

Listing history 22 events

1. 2026-06-18
   days on market $358,000 Active 91 DOM
2. 2026-06-17
   days on market $358,000 Active 90 DOM
3. 2026-06-16
   days on market $358,000 Active 89 DOM
4. 2026-06-15
   days on market $358,000 Active 88 DOM
5. 2026-06-14
   days on market $358,000 Active 86 DOM
6. 2026-06-13
   days on market $358,000 Active 85 DOM
7. 2026-06-10
   days on market $358,000 Active 83 DOM
8. 2026-06-09
   days on market $358,000 Active 82 DOM
9. 2026-06-09
   pricestatus $358,000 Active 81 DOM
10. 2026-06-03
    status $360,000 Pending 81 DOM
11. 2026-06-02
    days on market $360,000 Active 81 DOM
12. 2026-06-01
    days on market $360,000 Active 80 DOM
13. 2026-05-31
    days on market $360,000 Active 79 DOM
14. 2026-05-30
    days on market $360,000 Active 78 DOM
15. 2026-04-18
    price $370,000 849-char remark

    Show marketing remark (849 chars)

    Beautiful 5-year-old Kingston floor plan by D.R. Horton featuring an open layout with plenty of space for everyday living and entertaining. The gourmet kitchen offers granite countertops, subway tile backsplash, quiet-close cabinets and drawers, walk-in pantry, and stainless steel appliances including a farmhouse sink. The open floor plan creates an inviting setting that's perfect for gathering with family and friends or hosting guests. Generously sized bedrooms with a primary suite that includes double vanities, walk-in shower, garden tub, and a large walk-in closet that conveniently connects to the laundry room. Smart Home ready with video doorbell, WiFi lights, thermostat and more, all accessible from your phone. Conveniently located with quick access to U.S. Highway 49 and Canal Road, Gulfport-Biloxi, plus nearby shopping and dining.

16. 2026-03-14
    price $375,000 849-char remark

    Show marketing remark (849 chars)

    Beautiful 5-year-old Kingston floor plan by D.R. Horton featuring an open layout with plenty of space for everyday living and entertaining. The gourmet kitchen offers granite countertops, subway tile backsplash, quiet-close cabinets and drawers, walk-in pantry, and stainless steel appliances including a farmhouse sink. The open floor plan creates an inviting setting that's perfect for gathering with family and friends or hosting guests. Generously sized bedrooms with a primary suite that includes double vanities, walk-in shower, garden tub, and a large walk-in closet that conveniently connects to the laundry room. Smart Home ready with video doorbell, WiFi lights, thermostat and more, all accessible from your phone. Conveniently located with quick access to U.S. Highway 49 and Canal Road, Gulfport-Biloxi, plus nearby shopping and dining.

17. 2026-03-13
    listed $385,000 Active 849-char remark

    Show marketing remark (849 chars)

    Beautiful 5-year-old Kingston floor plan by D.R. Horton featuring an open layout with plenty of space for everyday living and entertaining. The gourmet kitchen offers granite countertops, subway tile backsplash, quiet-close cabinets and drawers, walk-in pantry, and stainless steel appliances including a farmhouse sink. The open floor plan creates an inviting setting that's perfect for gathering with family and friends or hosting guests. Generously sized bedrooms with a primary suite that includes double vanities, walk-in shower, garden tub, and a large walk-in closet that conveniently connects to the laundry room. Smart Home ready with video doorbell, WiFi lights, thermostat and more, all accessible from your phone. Conveniently located with quick access to U.S. Highway 49 and Canal Road, Gulfport-Biloxi, plus nearby shopping and dining.

18. 2021-06-15
    soldstatus
19. 2021-06-04
    soldstatus 781-char remark

    Show marketing remark (781 chars)

    This practically brand new ''Kingston'' floor plan by D R Horton offers an open design with plenty of room! This beautiful home has attention to detail at every turn. The gourmet kitchen offers subway tile backsplash, quiet-close cabinets/drawers, granite counters, walk in pantry, and all stainless appliances including a farmhouse stainless sink. If a huge living room is what you need, this home has it. Plenty of room for furniture and entertaining. Large bedrooms with a master master bath with double vanities, walk in shower, garden tub and offers a large walk in closet that connects to the laundry room. Smart home ready and comes with video doorbell, WiFi lights, thermostat and more if you use your cell to connect. Quick access to Hwy 49, Canal Rd, shopping and dining.

20. 2021-04-26
    listed $315,000 781-char remark

    Show marketing remark (781 chars)

    This practically brand new ''Kingston'' floor plan by D R Horton offers an open design with plenty of room! This beautiful home has attention to detail at every turn. The gourmet kitchen offers subway tile backsplash, quiet-close cabinets/drawers, granite counters, walk in pantry, and all stainless appliances including a farmhouse stainless sink. If a huge living room is what you need, this home has it. Plenty of room for furniture and entertaining. Large bedrooms with a master master bath with double vanities, walk in shower, garden tub and offers a large walk in closet that connects to the laundry room. Smart home ready and comes with video doorbell, WiFi lights, thermostat and more if you use your cell to connect. Quick access to Hwy 49, Canal Rd, shopping and dining.

21. 2020-06-09
    soldstatus
22. 2020-01-03
    listed $293,900

ⓘ 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: $2,327 · $194/mo
• Projected year-2 tax: $2,828 · $236/mo
• Expected delta: +$501/yr (+$42/mo · 21.5%)

ⓘ 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 6/10 Major
• 🌡 Heat 9/10 Extreme 7 d/yr ≥108°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: $28,790
• − Mortgage interest: −$20,054
• − Property taxes: −$2,327
• − Insurance: −$1,790
• − Repairs & maintenance: −$2,303
• − Management: −$2,303
• − Depreciation: −$10,415
• Taxable loss: −$10,402
• Est. tax savings @ 24.0%: +$2,496
• After-tax cash flow: $-1,405/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

• 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

+25.9% since first listed

8 events — show timeline

• 2026-04-18 Price Changed $370,000 MLSU
• 2026-03-14 Price Changed $375,000 MLSU
• 2026-03-13 Listed $385,000 MLSU
• 2021-06-15 Sold (Public Records) — Public Records
• 2021-06-04 Sold (MLS) — MLSU
• 2021-04-26 Listed $315,000 MLSU
• 2020-06-09 Sold (MLS) — MLSU
• 2020-01-03 Listed $293,900 MLSU

Property tax history

-10.5%/yr

Latest (2025): $2,327 · +4.3% YoY. Source: county tax records.