2422 Crescent Wood Rd · Navarre, FL 32566

$298,500

4 bd · 2.0 ba · 2,356 sqft · Manufactured public records · 102 Days on market

Built 2007 0.31 ac lot ↓ 7% since listing

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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).

• Cash flow +17.5/30.0
• ARV discount +7.5/15.0
• DSCR +5.5/10.0
• Schools +5.3/10.0
• 1% rule +3.8/10.0
• Livability +3.5/5.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Seller offering $5k towards buyers closing cost! Tucked away on a quiet street with no through traffic and located just minutes from the white sands of Navarre Beach, this spacious nearly 2,400 sq. ft. home offers 4 bedrooms, 2 bathrooms, and a dedicated office--providing the space, layout, and coastal convenience buyers are looking for. Major updates include a new roof installed in 2022 and a storage shed added in 2023 for extra storage. The washer and dryer convey, and the home has been pet-free and well maintained, creating a clean, move-in-ready environment. Outdoor living is easy here. Relax on the screened porch, unwind on the porch swing, or gather with friends and family around the

Key facts

• Storage shed
• Screened porch
• Spa-style bathroom

Tags

• NEW ROOF
• STORAGE SHED
• SCREENED PORCH
• BACKYARD FIRE PIT
• FULLY FENCED YARD
• SPA-STYLE BATHROOM

Property features AI

Finance

• HOA & community: Subdivision: Crescent Shores

Exterior

• Parking: 2 driveway spaces
• Security: Smoke detectors
• Utilities: Electric service; Public water; Septic tank
• Home design: Mobile home style; Single-story; Built in 2007
• Construction: Vinyl siding; Pitched roof; Composite shingle roof; Appraiser-sourced building area
• Exterior features: Screened porch; Workshop; Interior, level lot; Private paved road access

Interior

• Kitchen: Kitchen located on the first floor; Kitchen island; Dishwasher; Microwave
• Bedrooms: 4 bedrooms; Master suite on the first floor with double vanity, garden tub, separate shower, and walk-in closet; All bedrooms located on the first floor
• Flooring: Vinyl flooring; Carpet
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning; Ceiling fans
• Interior features: Vaulted ceilings; Fireplace (EPA qualified); Kitchen island; Double-pane windows; 7 total rooms
• Laundry & utility: Electric water heater

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath manufactured listed at $298k.

Deal economics

• At list price, monthly cash flow is $232 ($3k/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 $263k (11.8% below list).
• Recommended offer: $263k (11.8% below list) — sets the bar for 1% rule.
• Cap rate 7.2% vs local median 4.2% in Navarre — 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 70/100 on livability (#435 in FL) — a middle-class / working-renter tenant base. Strengths: housing A+, employment A, crime A-; Watch: health & safety C-, amenities F, commute F.
• Santa Rosa (suburban): math 63% / reading 60% proficiency, ranked #8 of 73 in FL (top 11%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Holley-Navarre Primary (771 students, 41% FRL); Navarre High School (math 49% / reading 58%, grade C-, #146 of 667 statewide, top 22%, 2,406 students, 30% FRL) — zoned schools at 36% FRL track the district average.
• Market conditions: Rents rising (+2.7%/yr); 768 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 1,983 units permitted in Santa Rosa County in 2024 (128 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.
• Santa Rosa County population projected at +31% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 102 days — a 9% lower offer ($272k) is reasonable based on typical stale-listing flexibility.
• 16 sale attempts since 25y 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: severe wind risk, 99% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $263,266 (11.8% below list)

Questions for the listing agent

1. It's been on market 102 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 A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
5. 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?
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: 0.88% ✗
• Cap rate: 7.22%
• Cash-on-cash: 3.33%
• DSCR: 1.15
• GRM: 9.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.74% rent growth · sell at horizon

5-year hold

• IRR: -11.4%
• Equity multiple: 0.59×
• Total profit: $-34,392
• Equity at exit: $44,507

10-year hold

• IRR: -2.5%
• Equity multiple: 0.83×
• Total profit: $-14,124
• Equity at exit: $25,809

Cash invested: $83,580 (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 32566

• Home prices YoY: -26.2%
• Rents YoY: 2.7%
• Active inventory: 768
• Price-to-rent: 9.4×

Monthly cashflow live

• Estimated rent: $2,633 high
• Mortgage (P&I): −$1,565
• Tax from tax record: −$158 /mo · $1,900/yr
• Insurance: −$124
• HOA: −$0
• Vacancy / Maint / Mgmt: −$553
• Net cashflow: $232

Break-even live

Break-even rent $2,339

Max offer price $298,500

Occupancy floor 86%

Sensitivity live

Price	-10% $401	-5% $316	+0% $232	+5% $147	+10% $63
Rent	-10% $24	-5% $128	+0% $232	+5% $336	+10% $440
Rate	-1.0pp $382	-0.5pp $308	base $232	+0.5pp $154	+1.0pp $76

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: $74,625
• Closing costs: $8,955
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
9946 Mariposa St Navarre, FL	3.0	2.0	1706	$2,770	$1.62	15d	1	0.41mi
9946 Mariposa St Navarre, FL	3.0	2.0	1706	$2,770	$1.62	24d	1	0.41mi
2281 Tom St Navarre, FL	3.0	2.0	1604	$2,295	$1.43	24d	1	0.59mi
2244 Hadleigh Hills Ct Navarre, FL	3.0	2.5	1664	$1,995	$1.20	24d	1	0.64mi
2107 Nina St Navarre, FL	3.0	2.0	1738	$2,400	$1.38	15d	1	0.84mi
10008 Calle de Palencia Navarre, FL	3.0	2.0	2159	$2,900	$1.34	22d	1	0.87mi
9523 Parker Place Dr Navarre, FL	3.0	2.0	1700	$1,850	$1.09	24d	1	1.05mi
2109 Bellemeade Cir Navarre, FL	3.0	2.0	1658	$1,900	$1.15	15d	1	1.05mi
2109 Bellemeade Cir Navarre, FL	3.0	2.0	1658	$1,900	$1.15	24d	1	1.05mi
2212 Peachwood Ct Navarre, FL	3.0	2.0	1750	$2,200	$1.26	24d	1	1.10mi
300 Wildwood St Mary Esther, FL	3.0	3.0	2706	$3,100	$1.15	45d	1	1.16mi
300 Wildwood St Mary Esther, FL	3.0	3.0	2706	$3,100	$1.15	14d	1	1.16mi
306 Evergreen Dr Mary Esther, FL	4.0	2.0	1741	$2,250	$1.29	45d	1	1.18mi
210 Michael Ave Mary Esther, FL	3.0	2.0	1850	$2,250	$1.22	22d	1	1.34mi
202 Stephen Ave Mary Esther, FL	3.0	3.0	2048	$2,300	$1.12	45d	1	1.37mi

Listing history 50 events

1. 2026-06-18
   days on market $298,500 Active 102 DOM
2. 2026-06-17
   days on market $298,500 Active 101 DOM
3. 2026-06-16
   days on market $298,500 Active 100 DOM
4. 2026-06-15
   days on market $298,500 Active 99 DOM
5. 2026-06-14
   days on market $298,500 Active 97 DOM
6. 2026-06-10
   days on market $298,500 Active 94 DOM
7. 2026-06-09
   days on market $298,500 Active 93 DOM
8. 2026-06-08
   days on market $298,500 Active 92 DOM
9. 2026-06-07
   days on market $298,500 Active 91 DOM
10. 2026-06-05
    days on market $298,500 Active 88 DOM
11. 2026-06-03
    days on market $298,500 Active 87 DOM
12. 2026-06-02
    days on market $298,500 Active 86 DOM
13. 2026-06-01
    days on market $298,500 Active 85 DOM
14. 2026-05-31
    days on market $298,500 Active 84 DOM
15. 2026-05-31
    days on market $298,500 Active 83 DOM
16. 2026-05-12
    price $298,500
17. 2026-05-12
    price $298,500
18. 2026-03-11
    listed $299,000 Active
19. 2026-03-08
    listed $299,000 Active
20. 2025-09-21
    historical
21. 2025-08-10
    price $310,000
22. 2025-08-10
    price $310,000
23. 2025-08-02
    status Active
24. 2025-07-30
    status Active
25. 2025-07-29
    status Pending
26. 2025-07-21
    status Active
27. 2025-05-14
    historical Contingent
28. 2025-03-21
    price $314,900
29. 2025-03-20
    price $314,900
30. 2024-12-20
    status Active
31. 2024-11-30
    historical
32. 2024-11-04
    listed $319,900 Active
33. 2024-11-01
    listed $314,900 Active
34. 2022-10-14
    soldstatus $265,000 Sold
35. 2022-10-14
    soldstatus $265,000 Sold
36. 2022-10-14
    soldstatus $265,000
37. 2022-09-17
    status Pending
38. 2022-09-17
    status Pending
39. 2022-09-14
    listed $250,000 Active
40. 2022-09-11
    listed $250,000 Active
41. 2021-03-03
    soldstatus $175,000
42. 2021-02-26
    soldstatus $175,000
43. 2021-02-26
    soldstatus $175,000
44. 2020-12-12
    listed $198,800
45. 2020-12-12
    listed $198,800
46. 2020-02-04
    historical
47. 2019-11-04
    listed $92,000
48. 2019-11-04
    listed $92,000
49. 2007-07-02
    soldstatus $37,500
50. 2007-06-28
    soldstatus $37,500

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

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $1,900 · $158/mo
• Projected year-2 tax: $2,478 · $206/mo
• Expected delta: +$577/yr (+$48/mo · 30.4%)

ⓘ 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 10/10 Extreme 7 d/yr ≥104°F today · 21 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: $31,592
• − Mortgage interest: −$16,721
• − Property taxes: −$1,900
• − Insurance: −$1,492
• − Repairs & maintenance: −$2,527
• − Management: −$2,527
• − Depreciation: −$8,684
• Taxable loss: −$2,260
• Est. tax savings @ 24.0%: +$542
• After-tax cash flow: $3,323/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: Santa Rosa
• NCES district ID: 1201650
• Math proficiency: 63% ▼ -6.00%
• Reading proficiency: 60% ▼ -5.00%
• Median HH income: $58,161
• Composite: 53.12/100
• National rank: #1511
• State rank: #8 of 73 in FL

Livability — Navarre

• Score: 70/100
• State rank: #435
• US rank: #7790

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Navarre, FL
• County: Santa Rosa County · 194,764 people
• City population: 43,883
• Metro: Pensacola-Ferry Pass-Brent, FL
• Population (ZIP): 43,883
• Household income: $105,551
• Rent vs Own: 17.5% rent · 82.5% own
• Severe rent burden: 608.0

Population outlook (Santa Rosa County) Hauer SSP2

• Today (2025): 195,978 people
• By 2030: 209,782 · +7.0%
• By 2040: 235,293 · +20.1%
• By 2050: 256,408 · +30.8%
• By 2075: 298,074 · +52.1%
• By 2100: 303,216 · +54.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (75%)
• Race & ethnicity: White 75% Two or more races 9% Hispanic / Latino 9% Black 6% Asian 3%
• Hispanic origin (detail): Mexican 3% Puerto Rican 2%
• Common ancestry: Scotch-Irish 3% Lithuanian 3% Romanian 2%
• Foreign-born: 6% · Canada, Jamaica, Vietnam
• Languages at home: 92% English-only · Spanish 4% German/W. Germanic 1% Tagalog/Filipino 1%

Political lean MEDSL · Santa Rosa

• 2024 margin: Solid R (+51.0) · D 24.1% · R 75.0%
• 2008→2024 swing: -3.0pp toward R · 2008: -47.9pp · 2024: -51.0pp
• All cycles: 2024: R+51.0 2020: R+46.5 2016: R+53.5 2012: R+52.6 2008: R+47.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -105.87%
• Current HPI: 298.6821
• Rent YoY: ▲ 2.74%
• Metro: Pensacola-Ferry Pass-Brent, 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

-6.7% since first listed

39 events — show timeline

• 2026-05-12 Price Changed $298,500 PARMLS
• 2026-05-12 Price Changed $298,500 ECAR
• 2026-03-11 Listed $299,000 PARMLS
• 2026-03-08 Listed $299,000 ECAR
• 2025-09-21 Listing Removed — PARMLS
• 2025-08-10 Price Changed $310,000 ECAR
• 2025-08-10 Price Changed $310,000 PARMLS
• 2025-08-02 Relisted — PARMLS
• 2025-07-30 Relisted — ECAR
• 2025-07-29 Pending — PARMLS
• 2025-07-21 Relisted — PARMLS
• 2025-05-14 Contingent — PARMLS
• 2025-03-21 Price Changed $314,900 ECAR
• 2025-03-20 Price Changed $314,900 PARMLS
• 2024-12-20 Relisted — PARMLS
• 2024-11-30 Listing Removed — PARMLS
• 2024-11-04 Listed $319,900 PARMLS
• 2024-11-01 Listed $314,900 ECAR
• 2022-10-14 Sold (Public Records) $265,000 Public Records
• 2022-10-14 Sold (MLS) $265,000 ECAR
• 2022-10-14 Sold (MLS) $265,000 NAMLS
• 2022-09-17 Pending — ECAR
• 2022-09-17 Pending — NAMLS
• 2022-09-14 Listed $250,000 ECAR
• 2022-09-11 Listed $250,000 NAMLS
• 2021-03-03 Sold (Public Records) $175,000 Public Records
• 2021-02-26 Sold (MLS) $175,000 NAMLS
• 2021-02-26 Sold (MLS) $175,000 ECAR
• 2020-12-12 Listed $198,800 NAMLS
• 2020-12-12 Listed $198,800 ECAR
• 2020-02-04 Listing Removed — NAMLS
• 2019-11-04 Listed $92,000 NAMLS
• 2019-11-04 Listed $92,000 ECAR
• 2007-07-02 Sold (Public Records) $37,500 Public Records
• 2007-06-28 Sold (MLS) $37,500 PARMLS
• 2007-02-19 Listed $47,500 PARMLS
• 2005-08-05 Sold (Public Records) $20,500 Public Records
• 2005-04-05 Sold (Public Records) $20,500 Public Records
• 2001-11-15 Listed $319,900 ECAR

Property tax history

+4.0%/yr

Latest (2025): $1,900 · -0.7% YoY. Source: county tax records.