1076 Cherokee St · Biloxi, MS 39530

$145,000

3 bd · 1.0 ba · 995 sqft · SingleFamily public records · 222 Days on market

Built 1942 7,405 sqft lot $146/sqft · 24% below area Est $202k · 28% under

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Why this score? — see what drove the B+ 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 +29.9/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +7.7/10.0
• 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 MLS

Charming home that is full of character on a spacious, fenced corner lot. Take relaxing evening walks in this well-established Old Biloxi neighborhood that is minutes from the beach or Back Bay. Features include hardwood floors, granite countertops, and a gas stove. The single-car garage provides parking and additional storage space. Make your appointment today to see this affordably priced home.

Key facts

• Single-car garage
• Gas stove
• Granite countertops

Tags

• FENCED CORNER LOT
• HARDWOOD FLOORS
• GRANITE COUNTERTOPS
• GAS STOVE
• SINGLE-CAR GARAGE

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $145k.

Deal economics

• At list price, monthly cash flow is $535 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $145k).
• Recommended offer: $128k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.7% 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.
• Market conditions: 164 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 67% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 2,194 units permitted in Harrison County in 2024 (0 in 5+ unit buildings).
• At $1,843/mo this rent would consume 54% of the median local household income ($41k/yr) (locally 329% 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 $1k of loan paydown is wiped out by about $4k 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 + 3.0% rent growth), your $41k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 222 days — a 12% lower offer ($128k) is reasonable based on typical stale-listing flexibility.
• 11 sale attempts since 12y ago; this cycle's ask is 9567% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $62k; list at $145k implies a 132% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1942 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate 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 $127,600 (12.0% below list)

Questions for the listing agent

1. It's been on market 222 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1942 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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.
6. 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.
7. 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: 1.27% ✓
• Cap rate: 10.72%
• Cash-on-cash: 15.80%
• DSCR: 1.70
• GRM: 6.6

CMA / ARV

• ARV (median comp): $202,281
• List price: $145,000
• Delta: -28.32%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
281 Forrest Ave	0.15mi	2/2.0 (-1)	1,100 (+11%)	4mo	$199,900	$182	63
252 Seal Ave	0.39mi	2/1.0 (-1)	1,100 (+11%)	3mo	$130,000	$118	57
284 Porter Ave	0.12mi	2/1.5 (-1)	888 (-11%)	20mo	$193,000	$217	53
280 Porter Ave	0.14mi	2/1.0 (-1)	884 (-11%)	23mo	$85,000	$96	51
273 Graham Ave	0.23mi	3/2.0	1,100 (+11%)	24mo	$159,999	$145	48
448 Diaz Ave	0.65mi	2/1.5 (-1)	1,000 (+0%)	18mo	$129,000	$129	47
216 Benachi Ave	0.37mi	2/1.0 (-1)	1,100 (+11%)	23mo	$160,000	$145	41

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: 6.7%
• Equity multiple: 1.26×
• Total profit: $10,538
• Equity at exit: $21,620

10-year hold

• IRR: 16.0%
• Equity multiple: 2.30×
• Total profit: $52,940
• Equity at exit: $12,537

Cash invested: $40,600 (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 39530

• Active inventory: 164
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $1,843 high
• Mortgage (P&I): −$760
• Tax from tax record: −$100 /mo · $1,201/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$387
• Net cashflow: $535

Break-even live

Break-even rent $1,166

Max offer price $145,000

Occupancy floor 66%

Sensitivity live

Price	-10% $617	-5% $576	+0% $535	+5% $494	+10% $453
Rent	-10% $389	-5% $462	+0% $535	+5% $608	+10% $680
Rate	-1.0pp $608	-0.5pp $572	base $535	+0.5pp $497	+1.0pp $459

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: $36,250
• Closing costs: $4,350
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
269 Benachi Ave Biloxi, MS	2.0	1.5	1017	$2,250	$2.21	44d	1	0.23mi
265 Benachi Ave Biloxi, MS	2.0	1.5	1015	$2,000	$1.97	44d	1	0.24mi
259 Benachi Ave Biloxi, MS	2.0	1.5	1100	$1,900	$1.73	44d	1	0.26mi
255 Benachi Ave Biloxi, MS	2.0	1.5	1008	$2,000	$1.98	44d	1	0.27mi
309 Seal Ave Biloxi, MS	2.0	1.0	1100	$1,400	$1.27	21d	1	0.28mi
1135 Judge Sekul Ave Biloxi, MS	1.0–2.0	1.0	880	$899	$1.02	14d	3	0.36mi
270 Bohn St Biloxi, MS	2.0	1.0	1050	$1,200	$1.14	45d	1	0.54mi
133 Hopkins Blvd Biloxi, MS	2.0	1.0	800	$2,400	$3.00	44d	1	0.74mi
1282 Beach Blvd #123 Biloxi, MS	2.0	1.0	900	$3,000	$3.33	21d	1	0.95mi

Listing history 38 events

1. 2026-06-09
   days on market $145,000 Active 222 DOM
2. 2026-06-08
   days on market $145,000 Active 221 DOM
3. 2026-06-07
   days on market $145,000 Active 220 DOM
4. 2026-06-05
   days on market $145,000 Active 217 DOM
5. 2026-06-03
   days on market $145,000 Active 216 DOM
6. 2026-06-03
   price $145,000 Active 215 DOM
7. 2026-06-02
   days on market $151,000 Active 215 DOM
8. 2026-06-01
   days on market $151,000 Active 214 DOM
9. 2026-05-31
   days on market $151,000 Active 213 DOM
10. 2026-05-30
    days on market $151,000 Active 212 DOM
11. 2026-05-04
    status Active 400-char remark

    Show marketing remark (400 chars)

    Charming home that is full of character on a spacious, fenced corner lot. Take relaxing evening walks in this well-established Old Biloxi neighborhood that is minutes from the beach or Back Bay. Features include hardwood floors, granite countertops, and a gas stove. The single-car garage provides parking and additional storage space. Make your appointment today to see this affordably priced home.

12. 2026-04-24
    status Pending 400-char remark

    Show marketing remark (400 chars)

    Charming home that is full of character on a spacious, fenced corner lot. Take relaxing evening walks in this well-established Old Biloxi neighborhood that is minutes from the beach or Back Bay. Features include hardwood floors, granite countertops, and a gas stove. The single-car garage provides parking and additional storage space. Make your appointment today to see this affordably priced home.

13. 2026-04-23
    listed $1,500
14. 2026-04-23
    historical $1,500
15. 2026-04-21
    listed $1,500
16. 2026-02-18
    status Active 400-char remark

    Show marketing remark (400 chars)

    Charming home that is full of character on a spacious, fenced corner lot. Take relaxing evening walks in this well-established Old Biloxi neighborhood that is minutes from the beach or Back Bay. Features include hardwood floors, granite countertops, and a gas stove. The single-car garage provides parking and additional storage space. Make your appointment today to see this affordably priced home.

17. 2026-02-08
    status Pending 400-char remark

    Show marketing remark (400 chars)

    Charming home that is full of character on a spacious, fenced corner lot. Take relaxing evening walks in this well-established Old Biloxi neighborhood that is minutes from the beach or Back Bay. Features include hardwood floors, granite countertops, and a gas stove. The single-car garage provides parking and additional storage space. Make your appointment today to see this affordably priced home.

18. 2026-01-15
    price $151,000 400-char remark

    Show marketing remark (400 chars)

    Charming home that is full of character on a spacious, fenced corner lot. Take relaxing evening walks in this well-established Old Biloxi neighborhood that is minutes from the beach or Back Bay. Features include hardwood floors, granite countertops, and a gas stove. The single-car garage provides parking and additional storage space. Make your appointment today to see this affordably priced home.

19. 2025-10-10
    listed $159,900 Active 400-char remark

    Show marketing remark (400 chars)

    Charming home that is full of character on a spacious, fenced corner lot. Take relaxing evening walks in this well-established Old Biloxi neighborhood that is minutes from the beach or Back Bay. Features include hardwood floors, granite countertops, and a gas stove. The single-car garage provides parking and additional storage space. Make your appointment today to see this affordably priced home.

20. 2022-11-14
    historical
21. 2022-08-29
    soldstatus Closed 343-char remark

    Show marketing remark (343 chars)

    If you have been wanting to grab a house in Old Biloxi, this is your chance. This home has hardwood floors ,on a oversized corner lot with fence and garage is ready for you! New appliances , newer AC, Plumbing has been updated to the street. Highly rated Biloxi Schools. Priced under appraisal. Back on the market due to buyer unable to close.

22. 2022-08-23
    soldstatus
23. 2022-07-28
    status Pending 343-char remark

    Show marketing remark (343 chars)

    If you have been wanting to grab a house in Old Biloxi, this is your chance. This home has hardwood floors ,on a oversized corner lot with fence and garage is ready for you! New appliances , newer AC, Plumbing has been updated to the street. Highly rated Biloxi Schools. Priced under appraisal. Back on the market due to buyer unable to close.

24. 2022-07-23
    price $136,500 343-char remark

    Show marketing remark (343 chars)

    If you have been wanting to grab a house in Old Biloxi, this is your chance. This home has hardwood floors ,on a oversized corner lot with fence and garage is ready for you! New appliances , newer AC, Plumbing has been updated to the street. Highly rated Biloxi Schools. Priced under appraisal. Back on the market due to buyer unable to close.

25. 2022-07-21
    status Active 343-char remark

    Show marketing remark (343 chars)

    If you have been wanting to grab a house in Old Biloxi, this is your chance. This home has hardwood floors ,on a oversized corner lot with fence and garage is ready for you! New appliances , newer AC, Plumbing has been updated to the street. Highly rated Biloxi Schools. Priced under appraisal. Back on the market due to buyer unable to close.

26. 2022-05-18
    status Pending 343-char remark

    Show marketing remark (343 chars)

    If you have been wanting to grab a house in Old Biloxi, this is your chance. This home has hardwood floors ,on a oversized corner lot with fence and garage is ready for you! New appliances , newer AC, Plumbing has been updated to the street. Highly rated Biloxi Schools. Priced under appraisal. Back on the market due to buyer unable to close.

27. 2022-05-12
    status Active 343-char remark

    Show marketing remark (343 chars)

    If you have been wanting to grab a house in Old Biloxi, this is your chance. This home has hardwood floors ,on a oversized corner lot with fence and garage is ready for you! New appliances , newer AC, Plumbing has been updated to the street. Highly rated Biloxi Schools. Priced under appraisal. Back on the market due to buyer unable to close.

28. 2022-05-05
    status Pending 343-char remark

    Show marketing remark (343 chars)

    If you have been wanting to grab a house in Old Biloxi, this is your chance. This home has hardwood floors ,on a oversized corner lot with fence and garage is ready for you! New appliances , newer AC, Plumbing has been updated to the street. Highly rated Biloxi Schools. Priced under appraisal. Back on the market due to buyer unable to close.

29. 2022-04-30
    price $139,500 343-char remark

    Show marketing remark (343 chars)

    If you have been wanting to grab a house in Old Biloxi, this is your chance. This home has hardwood floors ,on a oversized corner lot with fence and garage is ready for you! New appliances , newer AC, Plumbing has been updated to the street. Highly rated Biloxi Schools. Priced under appraisal. Back on the market due to buyer unable to close.

30. 2022-04-29
    listed $139,000 Active 343-char remark

    Show marketing remark (343 chars)

    If you have been wanting to grab a house in Old Biloxi, this is your chance. This home has hardwood floors ,on a oversized corner lot with fence and garage is ready for you! New appliances , newer AC, Plumbing has been updated to the street. Highly rated Biloxi Schools. Priced under appraisal. Back on the market due to buyer unable to close.

31. 2021-09-15
    historical
32. 2016-05-16
    listed $75,000
33. 2016-01-05
    soldstatus $62,500
34. 2016-01-04
    soldstatus
35. 2015-11-19
    listed $75,000
36. 2014-12-11
    soldstatus
37. 2014-12-08
    soldstatus
38. 2014-11-05
    listed $42,900

ⓘ 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: $1,201 · $100/mo
• Projected year-2 tax: $1,201 · $100/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 5/10 Major FEMA zone X (shaded) · 24% 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 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,111
• − Mortgage interest: −$8,122
• − Property taxes: −$1,201
• − Insurance: −$725
• − Repairs & maintenance: −$1,769
• − Management: −$1,769
• − Depreciation: −$4,218
• Taxable income: $4,306
• Est. tax owed @ 24.0%: −$1,034
• After-tax cash flow: $5,383/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): 7,701
• Household income: $41,117
• Rent vs Own: 45.4% rent · 54.6% own
• Severe rent burden: 329.0

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 0.66)
• Race & ethnicity: White 48% Black 28% Hispanic / Latino 15% Two or more races 5% Asian 4% Native American 3%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Lithuanian 9% Slovak 2% Italian 1%
• Foreign-born: 13% · Canada, Vietnam
• Languages at home: 82% English-only · Spanish 14% Vietnamese 2% 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: ▼ -108.19%
• Current HPI: 181.0603
• Rent YoY: —
• Metro: Gulfport-Biloxi, MS
• State GDP YoY: —
• F500 in state: 0

Price history

-96.5% since first listed

28 events — show timeline

• 2026-05-04 Relisted — MLSU
• 2026-04-24 Pending — MLSU
• 2026-04-23 Listed for Rent $1,500 MLSU
• 2026-04-23 Rental Removed $1,500 APPFOLIO
• 2026-04-21 Listed for Rent $1,500 APPFOLIO
• 2026-02-18 Relisted — MLSU
• 2026-02-08 Pending — MLSU
• 2026-01-15 Price Changed $151,000 MLSU
• 2025-10-10 Listed $159,900 MLSU
• 2022-11-14 Rental Removed — RENT.
• 2022-08-29 Sold (MLS) — MLSU
• 2022-08-23 Sold (Public Records) — Public Records
• 2022-07-28 Pending — MLSU
• 2022-07-23 Price Changed $136,500 MLSU
• 2022-07-21 Relisted — MLSU
• 2022-05-18 Pending — MLSU
• 2022-05-12 Relisted — MLSU
• 2022-05-05 Pending — MLSU
• 2022-04-30 Price Changed $139,500 MLSU
• 2022-04-29 Listed $139,000 MLSU
• 2021-09-15 Listing Removed — MLSU
• 2016-05-16 Listed $75,000 MLSU
• 2016-01-05 Sold (Public Records) $62,500 Public Records
• 2016-01-04 Sold (MLS) — MLSU
• 2015-11-19 Listed $75,000 MLSU
• 2014-12-11 Sold (Public Records) — Public Records
• 2014-12-08 Sold (MLS) — MLSU
• 2014-11-05 Listed $42,900 MLSU

Property tax history

+1.8%/yr

Latest (2025): $1,201 · +4.8% YoY. Source: county tax records.