215 E Juniper Ave · DeFuniak Springs, FL 32433

$153,900

3 bd · 2.0 ba · 990 sqft · Manufactured · 543 Days on market

Built 2023 10,018 sqft lot Est $129k · 20% over ↓ 17% 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 +24.7/30.0
• Appreciation +10.0/10.0
• DSCR +8.0/10.0
• 1% rule +6.4/10.0
• Schools +5.2/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0

Listing remarks

Welcome to this beautiful mobile home, Newly built in 2023! offering a perfect mix of style, comfort, and convenience. Located in a quiet and welcoming community, this property is designed for those who appreciate modern touches and easy access to some of Florida's top destinations. Inside, you'll find durable and stylish LVP flooring throughout, paired with recessed lighting that creates a warm and inviting ambiance. The kitchen is a chef's dream, featuring stainless steel appliances, granite countertops, and ample cabinetry, making meal prep and entertaining a breeze. The primary bedroom serves as a private retreat with its spacious layout, generous closet, and en-suite bathroom. Addition

Key facts

• 0.23 acre lot
• 4 parking spots
• Built 2023

Property features AI

Finance

• HOA & community: Located in the Oakwood hills subdivision

Exterior

• Parking: Driveway with space for 4 vehicles
• Security: Smoke detector(s)
• Utilities: Public water; Septic tank; Electric service; Phone service available; TV cable available
• Home design: Mobile home; Single-story
• Construction: Built in 2023; Vinyl siding
• Exterior features: Private yard; Survey available; Road frontage on a county road; Access via county road and dirt/clay road

Interior

• Kitchen: Dishwasher; Refrigerator
• Bedrooms: 3 bedrooms (master bedroom on the first floor)
• Flooring: Vinyl flooring
• Bathrooms: 2 full bathrooms; Master bathroom with shower
• Heating & cooling: High-efficiency heating; High-efficiency air conditioning
• Interior features: Recessed lighting; Window treatments; Smoke detector(s)
• Laundry & utility: Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $154k.

Deal economics

• At list price, monthly cash flow is $322 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $154k).
• Recommended offer: $135k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.8% vs local median 4.8% in DeFuniak Springs — 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 64/100 on livability (#694 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: health & safety C-, crime D, amenities F.
• Walton (rural): math 62% / reading 61% proficiency, ranked #10 of 73 in FL (top 14%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Mossy Head School (math 72% / reading 57%, grade B, #525 of 2,144 statewide, top 26%, 439 students, 86% FRL); Walton High School (math 52% / reading 53%, grade C-, #154 of 667 statewide, top 24%, 856 students, 65% FRL) — zoned schools average 75% FRL vs 48% district-wide (27 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 422 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 2,883 units permitted in Walton County in 2024 (1,322 in 5+ unit buildings).
• This rent runs 40% of the median local income ($52k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $16k of equity ($1k loan paydown + $15k appreciation (10.0% local appreciation)).
• Walton County population projected at +46% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $43k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$42k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 543 days — a 12% lower offer ($135k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 2y ago; this cycle's ask has dropped $16k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $135,432 (12.0% below list)

Questions for the listing agent

1. It's been on market 543 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. 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.
7. 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.
8. 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: 1.14% ✓
• Cap rate: 8.80%
• Cash-on-cash: 8.96%
• DSCR: 1.40
• GRM: 7.3

CMA / ARV

• ARV (on-the-fly): $128,700
• Comps found: 7

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
223 E Juniper Ave	0.00mi	3/2.0	990 (0%)	10mo	$150,000	$152	92
7992 W US Hwy 90	0.35mi	3/2.0	1,020 (+3%)	3mo	$115,000	$113	76
402 W Royal Palm Ave	0.35mi	3/2.0	924 (-7%)	2mo	$119,900	$130	71
382 W ROYAL PALM Ave	0.35mi	3/2.0	924 (-7%)	3mo	$119,900	$130	70
66 E Orange Blossom Ave	0.49mi	2/2.0 (-1)	924 (-7%)	2mo	$100,000	$108	60
19 Oleander Ave	0.34mi	2/2.0 (-1)	896 (-10%)	21mo	$150,000	$167	46
18 Orange Blossom Ave	0.55mi	2/1.0 (-1)	888 (-10%)	19mo	$55,000	$62	32

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 30.8%
• Equity multiple: 3.42×
• Total profit: $104,330
• Equity at exit: $138,645

10-year hold

• IRR: 26.7%
• Equity multiple: 7.76×
• Total profit: $291,179
• Equity at exit: $298,994

Cash invested: $43,092 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 32433

• Home prices YoY: 4.2%
• Active inventory: 422
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $1,753 medium
• Mortgage (P&I): −$807
• Tax est. 1.5%: −$192 /mo · $2,308/yr
• Insurance: −$64
• HOA: −$0
• Vacancy / Maint / Mgmt: −$368
• Net cashflow: $322

Break-even live

Break-even rent $1,346

Max offer price $153,900

Occupancy floor 77%

Sensitivity live

Price	-10% $428	-5% $375	+0% $322	+5% $268	+10% $215
Rent	-10% $183	-5% $252	+0% $322	+5% $391	+10% $460
Rate	-1.0pp $399	-0.5pp $361	base $322	+0.5pp $282	+1.0pp $241

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: $38,475
• Closing costs: $4,617
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
71 Lafavre Ln Defuniak Springs, FL	2.0	1.0	806	$1,650	$2.05	22d	1	0.97mi
135 Tiger Lily Ln Defuniak Springs, FL	3.0	2.0	1114	$1,795	$1.61	14d	1	1.30mi

Listing history 27 events

1. 2026-06-18
   days on market $153,900 Active 543 DOM
2. 2026-06-17
   days on market $153,900 Active 542 DOM
3. 2026-06-16
   days on market $153,900 Active 541 DOM
4. 2026-06-15
   days on market $153,900 Active 540 DOM
5. 2026-06-14
   days on market $153,900 Active 538 DOM
6. 2026-06-13
   days on market $153,900 Active 537 DOM
7. 2026-06-10
   days on market $153,900 Active 535 DOM
8. 2026-06-09
   days on market $153,900 Active 534 DOM
9. 2026-06-08
   days on market $153,900 Active 533 DOM
10. 2026-06-07
    days on market $153,900 Active 532 DOM
11. 2026-06-05
    days on market $153,900 Active 529 DOM
12. 2026-06-03
    days on market $153,900 Active 528 DOM
13. 2026-06-03
    days on market $153,900 Active 527 DOM
14. 2026-06-01
    days on market $153,900 Active 526 DOM
15. 2026-05-31
    days on market $153,900 Active 525 DOM
16. 2026-05-30
    days on market $153,900 Active 524 DOM
17. 2026-03-06
    price $153,900
18. 2026-01-16
    price $158,900
19. 2025-12-16
    status Active
20. 2025-08-02
    status Active
21. 2025-07-25
    status Pending
22. 2025-04-12
    price $162,900
23. 2025-02-14
    price $164,900
24. 2024-11-23
    listed $169,900 Active
25. 2024-08-15
    price $173,900
26. 2024-04-18
    price $179,900
27. 2024-03-10
    listed $184,900 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $21,041
• − Mortgage interest: −$8,621
• − Property taxes: −$2,308
• − Insurance: −$770
• − Repairs & maintenance: −$1,683
• − Management: −$1,683
• − Depreciation: −$4,477
• Taxable income: $1,499
• Est. tax owed @ 24.0%: −$360
• After-tax cash flow: $3,500/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: Walton
• NCES district ID: 1201980
• Math proficiency: 62% ▼ -4.00%
• Reading proficiency: 61% ▼ -2.00%
• Median HH income: $46,794
• Composite: 52.03/100
• National rank: #1634
• State rank: #10 of 73 in FL

Livability — DeFuniak Springs

• Score: 64/100
• State rank: #694
• US rank: #14475

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Walton County · 70,839 people
• City population: 19,746
• Metro: Crestview-Fort Walton Beach-Destin, FL
• Population (ZIP): 19,746
• Household income: $52,199
• Rent vs Own: 25.4% rent · 74.6% own
• Severe rent burden: 356.0

Population outlook (Walton County) Hauer SSP2

• Today (2025): 80,014 people
• By 2030: 88,120 · +10.1%
• By 2040: 103,537 · +29.4%
• By 2050: 117,034 · +46.3%
• By 2075: 143,901 · +79.8%
• By 2100: 155,138 · +93.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (75%)
• Race & ethnicity: White 75% Black 10% Hispanic / Latino 8% Two or more races 7% Native American 1%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Slovak 3% Italian 2% Lithuanian 2%
• Foreign-born: 6% · Canada
• Languages at home: 92% English-only · Spanish 4% Other Indo-European 1% French/Haitian/Cajun 1%

Political lean MEDSL · Walton

• 2024 margin: Solid R (+57.8) · D 20.7% · R 78.6%
• 2008→2024 swing: -12.0pp toward R · 2008: -45.8pp · 2024: -57.8pp
• All cycles: 2024: R+57.8 2020: R+51.7 2016: R+56.1 2012: R+52.0 2008: R+45.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 14.77%
• Current HPI: 367.046
• Rent YoY: —
• Metro: Crestview-Fort Walton Beach-Destin, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

-16.8% since first listed

11 events — show timeline

• 2026-03-06 Price Changed $153,900 ECAR
• 2026-01-16 Price Changed $158,900 ECAR
• 2025-12-16 Relisted — ECAR
• 2025-08-02 Relisted — ECAR
• 2025-07-25 Pending — ECAR
• 2025-04-12 Price Changed $162,900 ECAR
• 2025-02-14 Price Changed $164,900 ECAR
• 2024-11-23 Listed $169,900 ECAR
• 2024-08-15 Price Changed $173,900 ECAR
• 2024-04-18 Price Changed $179,900 ECAR
• 2024-03-10 Listed $184,900 ECAR