6529 Alakoko Dr · Diamondhead, MS 39525

$299,000

3 bd · 2.0 ba · 1,722 sqft · SingleFamily public records · 186 Days on market

Built 2015 0.31 ac lot $174/sqft · at area comps Est $353k · 15% under $90/mo HOA · 4% of rent

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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 +14.4/15.0
• Cash flow +7.6/30.0
• Schools +3.9/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +1.9/10.0
• DSCR +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming 4-bedroom, 2-bath, two-story home offering over 2,000 sq. ft. of inviting living space. The fourth bedroom upstairs could easily serve as a bonus room, office, or playroom. Features include stainless steel appliances, an open living room, and a kitchen with a cozy breakfast nook—perfect for everyday living and entertaining. Enjoy outdoor relaxation on the large back deck overlooking the large fenced in back yard. Located in the City of Diamondhead, MS, a POA community offering exceptional amenities including four private pools, tennis, basketball, and pickleball courts, walking trails, frisbee golf, a baseball field, and multiple playgrounds. Residents also enjoy two championship golf courses with a driving range and practice facility, private boat launches and marina access, plus discounts at Latitude 30 Bar & Grill, the golf shop, and golf memberships.

Key facts

• Large back deck
• Private pools
• Open living room

Tags

• STAINLESS STEEL APPLIANCES
• OPEN LIVING ROOM
• LARGE BACK DECK
• FENCED IN BACK YARD
• PRIVATE POOLS
• TENNIS COURTS

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $299k.

Deal economics

• At list price, monthly cash flow is $-422 ($-5k/yr) — negative.
• To cash-flow at today's rent, offer at most $224k (25.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $205k (31.4% below list).
• Recommended offer: $205k (31.4% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 68/100 on livability (#59 in MS) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F, health & safety F.
• Hancock County School District (rural): math 47% / reading 44% proficiency, ranked #23 of 130 in MS (top 18%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: East Hancock Elementary School (math 64% / reading 59%, grade B, #22 of 375 statewide, top 6%, 639 students, 100% FRL); Hancock Middle School (math 48% / reading 44%, grade D+, #39 of 179 statewide, top 22%, 958 students, 100% FRL); Hancock High School (math 42% / reading 43%, grade F, #42 of 197 statewide, top 21%, 1,187 students, 100% FRL) — zoned schools average 100% FRL vs 58% district-wide (41 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 250 active listings in the ZIP; 5 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; 248 units permitted in Hancock County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.
• Hancock County population projected at +20% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 186 days — a 12% lower offer ($263k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 14y ago; this cycle's ask has dropped $26k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $204,967 (31.4% 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 186 days. Have you received any prior offers? Is the seller open to a 31% concession, seller financing, or rate buy-down credit?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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.
9. 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.
10. 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: 0.69% ✗
• Cap rate: 4.86%
• Cash-on-cash: -5.10%
• DSCR: 0.77
• GRM: 12.2

CMA / ARV

• ARV (median comp): $353,139
• List price: $299,000
• Delta: -15.33%
• 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
552 Hanauma Ct	0.18mi	3/2.0	1,800 (+4%)	2mo	$249,000	$138	83
5513 Ahoni St	0.34mi	3/2.0	1,751 (+2%)	8mo	$245,000	$140	75
5715 Anoai Way	0.55mi	3/2.0	1,690 (-2%)	1mo	$214,900	$127	71
6414 Kiko St	0.39mi	3/2.0	1,634 (-5%)	5mo	$320,000	$196	69
6610 Hale Ct	0.21mi	3/2.0	1,930 (+12%)	3mo	$297,000	$154	68
6670 Ahekolo Cir	0.26mi	3/3.0	1,925 (+12%)	1mo	$310,000	$161	63
57154 E Diamondhead Dr	0.55mi	3/2.0	1,625 (-6%)	4mo	$259,000	$159	62
5451 Kaiki Dr	0.57mi	3/2.5	1,596 (-7%)	1mo	$250,000	$157	58
6333 Apelehama Rd	0.73mi	3/2.0	1,780 (+3%)	4mo	$199,900	$112	57
5423 Kaiki Dr	0.54mi	3/2.5	1,865 (+8%)	8mo	$235,000	$126	52
6456 Apelehama Rd	0.54mi	3/2.0	1,895 (+10%)	12mo	$294,500	$155	48
7426 Mahalo Hui Dr	0.62mi	4/2.5 (+1)	1,954 (+14%)	6mo	$325,000	$166	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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -26.7%
• Equity multiple: 0.10×
• Total profit: $-75,333
• Equity at exit: $44,582

10-year hold

• IRR: -24.1%
• Equity multiple: -0.20×
• Total profit: $-100,170
• Equity at exit: $25,852

Cash invested: $83,720 (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 39525

• Home prices YoY: -19.1%
• Active inventory: 250
• Price-to-rent: 12.2×

Monthly cashflow live

• Estimated rent: $2,050 high
• Mortgage (P&I): −$1,568
• Tax from tax record: −$193 /mo · $2,310/yr
• Insurance: −$125
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$90
• Vacancy / Maint / Mgmt: −$430
• Net cashflow: $-422

Break-even live

Break-even rent $2,584

Max offer price $224,395

Occupancy floor —

Sensitivity live

Price	-10% $-253	-5% $-338	+0% $-422	+5% $-507	+10% $-592
Rent	-10% $-584	-5% $-503	+0% $-422	+5% $-341	+10% $-260
Rate	-1.0pp $-272	-0.5pp $-346	base $-422	+0.5pp $-500	+1.0pp $-579

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: $74,750
• Closing costs: $8,970
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5402 Gex Dr Diamondhead, MS	2.0	1.0	1240	$1,500	$1.21	15d	1	0.75mi
250 Highpoint Dr Diamondhead, MS	2.0	2.5	1367	$2,500	$1.83	45d	1	0.88mi
250 Highpoint Dr Unit 250 Diamondhead, MS	2.0	2.5	1367	$2,500	$1.83	23d	1	0.88mi
63739 Diamondhead Dr N Diamondhead, MS	3.0	2.0	1580	$1,600	$1.01	23d	1	0.91mi
289 Highpoint Dr Diamondhead, MS	2.0	2.5	1340	$1,700	$1.27	15d	1	0.93mi

HOA detail

• Monthly dues: $90 · $1,080/yr
• Likely covers: landscapingpool

Listing history 43 events

1. 2026-06-21
   days on market $299,000 Active 186 DOM
2. 2026-06-18
   days on market $299,000 Active 183 DOM
3. 2026-06-17
   days on market $299,000 Active 182 DOM
4. 2026-06-16
   days on market $299,000 Active 181 DOM
5. 2026-06-15
   days on market $299,000 Active 180 DOM
6. 2026-06-14
   days on market $299,000 Active 178 DOM
7. 2026-06-13
   days on market $299,000 Active 177 DOM
8. 2026-06-10
   days on market $299,000 Active 175 DOM
9. 2026-06-09
   days on market $299,000 Active 174 DOM
10. 2026-06-08
    days on market $299,000 Active 173 DOM
11. 2026-06-07
    days on market $299,000 Active 172 DOM
12. 2026-06-05
    days on market $299,000 Active 169 DOM
13. 2026-06-03
    days on market $299,000 Active 168 DOM
14. 2026-06-02
    days on market $299,000 Active 167 DOM
15. 2026-06-01
    days on market $299,000 Active 166 DOM
16. 2026-05-31
    days on market $299,000 Active 165 DOM
17. 2026-05-30
    days on market $299,000 Active 164 DOM
18. 2026-03-22
    price $299,000 888-char remark

    Show marketing remark (888 chars)

    Charming 4-bedroom, 2-bath, two-story home offering over 2,000 sq. ft. of inviting living space. The fourth bedroom upstairs could easily serve as a bonus room, office, or playroom. Features include stainless steel appliances, an open living room, and a kitchen with a cozy breakfast nook—perfect for everyday living and entertaining. Enjoy outdoor relaxation on the large back deck overlooking the large fenced in back yard. Located in the City of Diamondhead, MS, a POA community offering exceptional amenities including four private pools, tennis, basketball, and pickleball courts, walking trails, frisbee golf, a baseball field, and multiple playgrounds. Residents also enjoy two championship golf courses with a driving range and practice facility, private boat launches and marina access, plus discounts at Latitude 30 Bar & Grill, the golf shop, and golf memberships.

19. 2026-03-06
    price $300,000 888-char remark

    Show marketing remark (888 chars)

    Charming 4-bedroom, 2-bath, two-story home offering over 2,000 sq. ft. of inviting living space. The fourth bedroom upstairs could easily serve as a bonus room, office, or playroom. Features include stainless steel appliances, an open living room, and a kitchen with a cozy breakfast nook—perfect for everyday living and entertaining. Enjoy outdoor relaxation on the large back deck overlooking the large fenced in back yard. Located in the City of Diamondhead, MS, a POA community offering exceptional amenities including four private pools, tennis, basketball, and pickleball courts, walking trails, frisbee golf, a baseball field, and multiple playgrounds. Residents also enjoy two championship golf courses with a driving range and practice facility, private boat launches and marina access, plus discounts at Latitude 30 Bar & Grill, the golf shop, and golf memberships.

20. 2026-02-15
    price $310,000 888-char remark

    Show marketing remark (888 chars)

    Charming 4-bedroom, 2-bath, two-story home offering over 2,000 sq. ft. of inviting living space. The fourth bedroom upstairs could easily serve as a bonus room, office, or playroom. Features include stainless steel appliances, an open living room, and a kitchen with a cozy breakfast nook—perfect for everyday living and entertaining. Enjoy outdoor relaxation on the large back deck overlooking the large fenced in back yard. Located in the City of Diamondhead, MS, a POA community offering exceptional amenities including four private pools, tennis, basketball, and pickleball courts, walking trails, frisbee golf, a baseball field, and multiple playgrounds. Residents also enjoy two championship golf courses with a driving range and practice facility, private boat launches and marina access, plus discounts at Latitude 30 Bar & Grill, the golf shop, and golf memberships.

21. 2026-01-24
    price $315,000 888-char remark

    Show marketing remark (888 chars)

    Charming 4-bedroom, 2-bath, two-story home offering over 2,000 sq. ft. of inviting living space. The fourth bedroom upstairs could easily serve as a bonus room, office, or playroom. Features include stainless steel appliances, an open living room, and a kitchen with a cozy breakfast nook—perfect for everyday living and entertaining. Enjoy outdoor relaxation on the large back deck overlooking the large fenced in back yard. Located in the City of Diamondhead, MS, a POA community offering exceptional amenities including four private pools, tennis, basketball, and pickleball courts, walking trails, frisbee golf, a baseball field, and multiple playgrounds. Residents also enjoy two championship golf courses with a driving range and practice facility, private boat launches and marina access, plus discounts at Latitude 30 Bar & Grill, the golf shop, and golf memberships.

22. 2026-01-19
    price $320,000 888-char remark

    Show marketing remark (888 chars)

    Charming 4-bedroom, 2-bath, two-story home offering over 2,000 sq. ft. of inviting living space. The fourth bedroom upstairs could easily serve as a bonus room, office, or playroom. Features include stainless steel appliances, an open living room, and a kitchen with a cozy breakfast nook—perfect for everyday living and entertaining. Enjoy outdoor relaxation on the large back deck overlooking the large fenced in back yard. Located in the City of Diamondhead, MS, a POA community offering exceptional amenities including four private pools, tennis, basketball, and pickleball courts, walking trails, frisbee golf, a baseball field, and multiple playgrounds. Residents also enjoy two championship golf courses with a driving range and practice facility, private boat launches and marina access, plus discounts at Latitude 30 Bar & Grill, the golf shop, and golf memberships.

23. 2025-12-17
    listed $325,000 Active 888-char remark

    Show marketing remark (888 chars)

    Charming 4-bedroom, 2-bath, two-story home offering over 2,000 sq. ft. of inviting living space. The fourth bedroom upstairs could easily serve as a bonus room, office, or playroom. Features include stainless steel appliances, an open living room, and a kitchen with a cozy breakfast nook—perfect for everyday living and entertaining. Enjoy outdoor relaxation on the large back deck overlooking the large fenced in back yard. Located in the City of Diamondhead, MS, a POA community offering exceptional amenities including four private pools, tennis, basketball, and pickleball courts, walking trails, frisbee golf, a baseball field, and multiple playgrounds. Residents also enjoy two championship golf courses with a driving range and practice facility, private boat launches and marina access, plus discounts at Latitude 30 Bar & Grill, the golf shop, and golf memberships.

24. 2025-10-18
    historical
25. 2025-09-24
    price $274,900
26. 2025-08-28
    price $299,900
27. 2025-08-22
    price $314,900
28. 2025-08-13
    price $324,900
29. 2025-08-06
    price $334,900
30. 2025-07-29
    listed $349,900 Active
31. 2021-10-01
    historical
32. 2021-09-15
    historical
33. 2019-12-03
    soldstatus
34. 2019-04-23
    listed $220,000
35. 2017-03-18
    listed $222,000
36. 2015-09-15
    soldstatus
37. 2015-07-10
    listed $209,900
38. 2015-03-25
    soldstatus
39. 2015-01-27
    listed $6,500
40. 2013-01-13
    listed $9,900
41. 2012-07-11
    historical
42. 2012-02-01
    listed $10,000
43. 2004-08-23
    soldstatus

ⓘ 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: $2,310 · $193/mo
• Projected year-2 tax: $2,362 · $197/mo
• Expected delta: +$52/yr (+$4/mo · 2.2%)

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

Climate risk First Street

• 🌊 Flood 7/10 Severe FEMA zone X (unshaded) · 77% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 21 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: $24,596
• − Mortgage interest: −$16,749
• − Property taxes: −$2,310
• − Insurance: −$2,292
• − Repairs & maintenance: −$1,968
• − Management: −$1,968
• − HOA: −$1,080
• − Depreciation: −$8,698
• Taxable loss: −$10,469
• Est. tax savings @ 24.0%: +$2,513
• After-tax cash flow: $-2,555/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: Hancock County School District
• NCES district ID: 2801740
• Math proficiency: 47% ▼ -11.00%
• Reading proficiency: 44% ▼ -9.00%
• Median HH income: $47,971
• Composite: 38.88/100
• National rank: #4099
• State rank: #23 of 130 in MS

Livability — Diamondhead

• Score: 68/100
• State rank: #59
• US rank: #9320

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Diamondhead, MS
• County: Hancock County · 9,338 people
• City population: 9,338
• Metro: Gulfport-Biloxi, MS
• Population (ZIP): 9,338
• Household income: $87,407
• Rent vs Own: 10.3% rent · 89.7% own

Population outlook (Hancock County) Hauer SSP2

• Today (2025): 52,161 people
• By 2030: 54,753 · +5.0%
• By 2040: 59,242 · +13.6%
• By 2050: 62,417 · +19.7%
• By 2075: 68,168 · +30.7%
• By 2100: 69,212 · +32.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (85%)
• Race & ethnicity: White 85% Two or more races 9% Hispanic / Latino 8% Black 2%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Lithuanian 10% Slovak 3% Romanian 2%
• Foreign-born: 3% · Canada
• Languages at home: 94% English-only · Spanish 4% French/Haitian/Cajun 1% Other Indo-European 1%

Political lean MEDSL · Hancock

• 2024 margin: Solid R (+58.7) · D 20.1% · R 78.8% · Other 1.1%
• 2008→2024 swing: -4.4pp toward R · 2008: -54.2pp · 2024: -58.7pp
• All cycles: 2024: R+58.7 2020: R+55.5 2016: R+59.4 2012: R+52.8 2008: R+54.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -45.77%
• Current HPI: 193.4883
• Rent YoY: —
• Metro: Gulfport-Biloxi, MS
• State GDP YoY: —
• F500 in state: 0

Price history

+2890.0% since first listed

26 events — show timeline

• 2026-03-22 Price Changed $299,000 MLSU
• 2026-03-06 Price Changed $300,000 MLSU
• 2026-02-15 Price Changed $310,000 MLSU
• 2026-01-24 Price Changed $315,000 MLSU
• 2026-01-19 Price Changed $320,000 MLSU
• 2025-12-17 Listed $325,000 MLSU
• 2025-10-18 Listing Removed — MLSU
• 2025-09-24 Price Changed $274,900 MLSU
• 2025-08-28 Price Changed $299,900 MLSU
• 2025-08-22 Price Changed $314,900 MLSU
• 2025-08-13 Price Changed $324,900 MLSU
• 2025-08-06 Price Changed $334,900 MLSU
• 2025-07-29 Listed $349,900 MLSU
• 2021-10-01 Listing Removed — MLSU
• 2021-09-15 Listing Removed — MLSU
• 2019-12-03 Sold (MLS) — MLSU
• 2019-04-23 Listed $220,000 MLSU
• 2017-03-18 Listed $222,000 MLSU
• 2015-09-15 Sold (MLS) — MLSU
• 2015-07-10 Listed $209,900 MLSU
• 2015-03-25 Sold (MLS) — MLSU
• 2015-01-27 Listed $6,500 MLSU
• 2013-01-13 Listed $9,900 MLSU
• 2012-07-11 Listing Removed — MLSU
• 2012-02-01 Listed $10,000 MLSU
• 2004-08-23 Sold (Public Records) — Public Records

Property tax history

+21.8%/yr

Latest (2025): $2,310 · +0.0% YoY. Source: county tax records.