None · Lynn Haven, FL 32405

$139,000

2 bd · 1.0 ba · 1,211 sqft · SingleFamily public records · 341 Days on market

Built 1942 1.14 ac lot $115/sqft · 44% below area Est $250k · 44% under ↓ 13% since listing

---

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 +25.8/30.0
• ARV discount +15.0/15.0
• DSCR +8.6/10.0
• 1% rule +6.1/10.0
• Schools +4.3/10.0
• Livability +4.0/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Investment Opportunity or Fixer Upper Over 1 acre offering possibility to build 2 single family residences or possibly put a small subdivision in of 8 single family homes. (Verify this information with the County) The existing home has 3 bedrooms 1 bath, screened porch but home is in need of repairs. Endless possibilities with a great location in Highland Park close to 231, Lynn Haven, Mosley, Highland Park Elementary, and Worship. Possible short term owner finance with substantial down payment.

Key facts

• Screened porch
• Fixer upper
• 1.14 acre lot

Tags

• INVESTMENT OPPORTUNITY
• FIXER UPPER
• SCREENED PORCH

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $139k.

Deal economics

• At list price, monthly cash flow is $336 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $139k).
• Recommended offer: $122k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.2% vs local median 3.5% in Lynn Haven — 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 81/100 on livability (#96 in FL, #1,472 nationally) — a professional / high-income tenant draw. Strengths: crime A+, housing A+, health & safety A+; Watch: amenities D+, commute F.
• Bay (suburban): math 51% / reading 51% proficiency, ranked #29 of 73 in FL (top 40%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising (+1.2%/yr); 382 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); 2,473 units permitted in Bay County in 2024 (559 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $961 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Bay County population projected at +24% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 341 days — a 12% lower offer ($122k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 2y ago; this cycle's ask has dropped $46k (25%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $100k; 39% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1942 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; moderate 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 $122,320 (12.0% below list)

Questions for the listing agent

1. It's been on market 341 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. Schools are B-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?
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: 1.11% ✓
• Cap rate: 9.19%
• Cash-on-cash: 10.35%
• DSCR: 1.46
• GRM: 7.5

CMA / ARV

• ARV (median comp): $250,249
• List price: $139,000
• Delta: -44.46%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2825 E Orlando Rd	0.35mi	3/2.0 (+1)	1,217 (+0%)	5mo	$209,000	$172	70
3007 Sarasota Ave	0.23mi	3/2.0 (+1)	1,358 (+12%)	1mo	$275,000	$203	59
3112 N East Ave	0.02mi	3/2.0 (+1)	1,352 (+12%)	18mo	$215,000	$159	56
2806 Hyde Ave	0.42mi	3/2.0 (+1)	1,300 (+7%)	5mo	$269,900	$208	55
2808 Hyde Ave	0.42mi	3/2.0 (+1)	1,200 (-1%)	21mo	$255,000	$213	52
2819 Altha Ave	0.39mi	3/1.0 (+1)	1,352 (+12%)	14mo	$180,000	$133	46
2727 Hyde Ave	0.47mi	3/2.0 (+1)	1,361 (+12%)	13mo	$274,900	$202	38
2531 E 37th St	0.72mi	3/2.0 (+1)	1,332 (+10%)	9mo	$246,150	$185	33
2830 N Panama Ave	0.61mi	3/2.0 (+1)	1,348 (+11%)	22mo	$338,000	$251	26
2517 E 37th St	0.73mi	3/2.0 (+1)	1,300 (+7%)	23mo	$249,000	$192	26

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 · 1.24% rent growth · sell at horizon

5-year hold

• IRR: -2.7%
• Equity multiple: 0.90×
• Total profit: $-3,853
• Equity at exit: $20,725

10-year hold

• IRR: 5.1%
• Equity multiple: 1.35×
• Total profit: $13,439
• Equity at exit: $12,018

Cash invested: $38,920 (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 32405

• Rents YoY: 1.2%
• Active inventory: 382
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $1,544 high
• Mortgage (P&I): −$729
• Tax from tax record: −$97 /mo · $1,164/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$324
• Net cashflow: $336

Break-even live

Break-even rent $1,119

Max offer price $139,000

Occupancy floor 73%

Sensitivity live

Price	-10% $414	-5% $375	+0% $336	+5% $296	+10% $257
Rent	-10% $214	-5% $275	+0% $336	+5% $397	+10% $458
Rate	-1.0pp $406	-0.5pp $371	base $336	+0.5pp $300	+1.0pp $263

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: $34,750
• Closing costs: $4,170
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2733 Carol Ln Panama City, FL	2.0	2.0	950	$1,750	$1.84	22d	1	0.65mi
3525 T St Panama City, FL	3.0	2.0	1250	$1,600	$1.28	22d	1	1.06mi
3530 Game Farm Rd Panama City, FL	3.0	2.0	1000	$1,500	$1.50	14d	1	1.14mi
3611 Eagle Ln Panama City, FL	2.0	2.0	943	$1,350	$1.43	14d	1	1.15mi
3641 T St Panama City, FL	3.0	2.0	900	$1,100	$1.22	14d	1	1.19mi
2732 Usery Rd Panama City, FL	3.0	2.0	1000	$1,500	$1.50	14d	1	1.25mi
3733 Avon Rd Panama City, FL	3.0	2.0	1251	$1,900	$1.52	22d	1	1.43mi

Listing history 34 events

1. 2026-06-21
   days on market $139,000 Active 341 DOM
2. 2026-06-19
   days on market $139,000 Active 339 DOM
3. 2026-06-18
   days on market $139,000 Active 338 DOM
4. 2026-06-17
   days on market $139,000 Active 337 DOM
5. 2026-06-16
   days on market $139,000 Active 336 DOM
6. 2026-06-15
   days on market $139,000 Active 335 DOM
7. 2026-06-14
   days on market $139,000 Active 333 DOM
8. 2026-06-13
   days on market $139,000 Active 332 DOM
9. 2026-06-10
   days on market $139,000 Active 330 DOM
10. 2026-06-09
    days on market $139,000 Active 329 DOM
11. 2026-06-08
    days on market $139,000 Active 328 DOM
12. 2026-06-07
    days on market $139,000 Active 327 DOM
13. 2026-06-05
    days on market $139,000 Active 324 DOM
14. 2026-06-03
    days on market $139,000 Active 323 DOM
15. 2026-06-02
    days on market $139,000 Active 322 DOM
16. 2026-06-01
    days on market $139,000 Active 321 DOM
17. 2026-05-31
    days on market $139,000 Active 320 DOM
18. 2026-05-30
    days on market $139,000 Active 319 DOM
19. 2026-02-10
    price $139,000 504-char remark

    Show marketing remark (504 chars)

    Investment Opportunity or Fixer Upper Over 1 acre offering possibility to build 2 single family residences or possibly put a small subdivision in of 8 single family homes. (Verify this information with the County) The existing home has 3 bedrooms 1 bath, screened porch but home is in need of repairs. Endless possibilities with a great location in Highland Park close to 231, Lynn Haven, Mosley, Highland Park Elementary, and Worship. Possible short term owner finance with substantial down payment.

20. 2026-01-13
    price $150,000 504-char remark

    Show marketing remark (504 chars)

    Investment Opportunity or Fixer Upper Over 1 acre offering possibility to build 2 single family residences or possibly put a small subdivision in of 8 single family homes. (Verify this information with the County) The existing home has 3 bedrooms 1 bath, screened porch but home is in need of repairs. Endless possibilities with a great location in Highland Park close to 231, Lynn Haven, Mosley, Highland Park Elementary, and Worship. Possible short term owner finance with substantial down payment.

21. 2026-01-13
    price $150 504-char remark

    Show marketing remark (504 chars)

    Investment Opportunity or Fixer Upper Over 1 acre offering possibility to build 2 single family residences or possibly put a small subdivision in of 8 single family homes. (Verify this information with the County) The existing home has 3 bedrooms 1 bath, screened porch but home is in need of repairs. Endless possibilities with a great location in Highland Park close to 231, Lynn Haven, Mosley, Highland Park Elementary, and Worship. Possible short term owner finance with substantial down payment.

22. 2025-11-02
    price $169,000 504-char remark

    Show marketing remark (504 chars)

    Investment Opportunity or Fixer Upper Over 1 acre offering possibility to build 2 single family residences or possibly put a small subdivision in of 8 single family homes. (Verify this information with the County) The existing home has 3 bedrooms 1 bath, screened porch but home is in need of repairs. Endless possibilities with a great location in Highland Park close to 231, Lynn Haven, Mosley, Highland Park Elementary, and Worship. Possible short term owner finance with substantial down payment.

23. 2025-10-16
    price $174,000 504-char remark

    Show marketing remark (504 chars)

    Investment Opportunity or Fixer Upper Over 1 acre offering possibility to build 2 single family residences or possibly put a small subdivision in of 8 single family homes. (Verify this information with the County) The existing home has 3 bedrooms 1 bath, screened porch but home is in need of repairs. Endless possibilities with a great location in Highland Park close to 231, Lynn Haven, Mosley, Highland Park Elementary, and Worship. Possible short term owner finance with substantial down payment.

24. 2025-09-14
    price $179,000 504-char remark

    Show marketing remark (504 chars)

    Investment Opportunity or Fixer Upper Over 1 acre offering possibility to build 2 single family residences or possibly put a small subdivision in of 8 single family homes. (Verify this information with the County) The existing home has 3 bedrooms 1 bath, screened porch but home is in need of repairs. Endless possibilities with a great location in Highland Park close to 231, Lynn Haven, Mosley, Highland Park Elementary, and Worship. Possible short term owner finance with substantial down payment.

25. 2025-07-15
    listed $185,000 Active 504-char remark

    Show marketing remark (504 chars)

    Investment Opportunity or Fixer Upper Over 1 acre offering possibility to build 2 single family residences or possibly put a small subdivision in of 8 single family homes. (Verify this information with the County) The existing home has 3 bedrooms 1 bath, screened porch but home is in need of repairs. Endless possibilities with a great location in Highland Park close to 231, Lynn Haven, Mosley, Highland Park Elementary, and Worship. Possible short term owner finance with substantial down payment.

26. 2024-06-21
    soldstatus $100,000
27. 2024-06-20
    soldstatus $100,000 Closed 395-char remark

    Show marketing remark (395 chars)

    Come check out this sweet Florida style home in the heart of Panama City. All the charm is here with today's conveniences. This home has 2 bedrooms, 1 bath, and a bonus room. There is also a large screened-in porch on the front of the house. Bring your campers! Located on over an acre of land, there are two electric polls one for the house, one for your toys. Call today to schedule your tour!

28. 2024-05-22
    status Pending 395-char remark

    Show marketing remark (395 chars)

    Come check out this sweet Florida style home in the heart of Panama City. All the charm is here with today's conveniences. This home has 2 bedrooms, 1 bath, and a bonus room. There is also a large screened-in porch on the front of the house. Bring your campers! Located on over an acre of land, there are two electric polls one for the house, one for your toys. Call today to schedule your tour!

29. 2024-05-20
    status Active 395-char remark

    Show marketing remark (395 chars)

    Come check out this sweet Florida style home in the heart of Panama City. All the charm is here with today's conveniences. This home has 2 bedrooms, 1 bath, and a bonus room. There is also a large screened-in porch on the front of the house. Bring your campers! Located on over an acre of land, there are two electric polls one for the house, one for your toys. Call today to schedule your tour!

30. 2024-05-13
    historical Active Under Contract 395-char remark

    Show marketing remark (395 chars)

    Come check out this sweet Florida style home in the heart of Panama City. All the charm is here with today's conveniences. This home has 2 bedrooms, 1 bath, and a bonus room. There is also a large screened-in porch on the front of the house. Bring your campers! Located on over an acre of land, there are two electric polls one for the house, one for your toys. Call today to schedule your tour!

31. 2024-05-06
    price $145,000 395-char remark

    Show marketing remark (395 chars)

    Come check out this sweet Florida style home in the heart of Panama City. All the charm is here with today's conveniences. This home has 2 bedrooms, 1 bath, and a bonus room. There is also a large screened-in porch on the front of the house. Bring your campers! Located on over an acre of land, there are two electric polls one for the house, one for your toys. Call today to schedule your tour!

32. 2024-04-06
    status Active 395-char remark

    Show marketing remark (395 chars)

    Come check out this sweet Florida style home in the heart of Panama City. All the charm is here with today's conveniences. This home has 2 bedrooms, 1 bath, and a bonus room. There is also a large screened-in porch on the front of the house. Bring your campers! Located on over an acre of land, there are two electric polls one for the house, one for your toys. Call today to schedule your tour!

33. 2024-03-29
    status Pending 395-char remark

    Show marketing remark (395 chars)

    Come check out this sweet Florida style home in the heart of Panama City. All the charm is here with today's conveniences. This home has 2 bedrooms, 1 bath, and a bonus room. There is also a large screened-in porch on the front of the house. Bring your campers! Located on over an acre of land, there are two electric polls one for the house, one for your toys. Call today to schedule your tour!

34. 2024-03-27
    listed $160,000 Active 395-char remark

    Show marketing remark (395 chars)

    Come check out this sweet Florida style home in the heart of Panama City. All the charm is here with today's conveniences. This home has 2 bedrooms, 1 bath, and a bonus room. There is also a large screened-in porch on the front of the house. Bring your campers! Located on over an acre of land, there are two electric polls one for the house, one for your toys. Call today to schedule your tour!

ⓘ 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: $1,164 · $97/mo
• Projected year-2 tax: $1,164 · $97/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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 10/10 Extreme 7 d/yr ≥105°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: $18,526
• − Mortgage interest: −$7,786
• − Property taxes: −$1,164
• − Insurance: −$695
• − Repairs & maintenance: −$1,482
• − Management: −$1,482
• − Depreciation: −$4,044
• Taxable income: $1,872
• Est. tax owed @ 24.0%: −$449
• After-tax cash flow: $3,579/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: Bay
• NCES district ID: 1200090
• Math proficiency: 51% ▼ -8.00%
• Reading proficiency: 51% ▼ -7.00%
• Median HH income: $47,740
• Composite: 43.41/100
• National rank: #3014
• State rank: #29 of 73 in FL

Livability — Lynn Haven

• Score: 81/100
• State rank: #96
• US rank: #1472

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Bay County · 163,593 people
• City population: 21,459
• Metro: Panama City, FL
• Population (ZIP): 29,984
• Household income: $73,373
• Rent vs Own: 40.5% rent · 59.5% own
• Severe rent burden: 1008.0

Population outlook (Bay County) Hauer SSP2

• Today (2025): 206,264 people
• By 2030: 217,740 · +5.6%
• By 2040: 238,738 · +15.7%
• By 2050: 255,545 · +23.9%
• By 2075: 288,295 · +39.8%
• By 2100: 288,638 · +39.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (67%)
• Race & ethnicity: White 67% Black 17% Two or more races 8% Hispanic / Latino 7% Native American 1%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3%
• Common ancestry: Slovak 4% Lithuanian 2% Romanian 2%
• Foreign-born: 7% · Canada
• Languages at home: 89% English-only · Spanish 6% Arabic 1% French/Haitian/Cajun 1%

Political lean MEDSL · Bay

• 2024 margin: Solid R (+47.4) · D 25.8% · R 73.1% · Other 1.1%
• 2008→2024 swing: -6.6pp toward R · 2008: -40.7pp · 2024: -47.4pp
• All cycles: 2024: R+47.4 2020: R+43.5 2016: R+46.3 2012: R+43.6 2008: R+40.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -217.88%
• Current HPI: 262.7854
• Rent YoY: ▲ 1.24%
• Metro: Panama City, 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

-13.1% since first listed

16 events — show timeline

• 2026-02-10 Price Changed $139,000 CPARMLS
• 2026-01-13 Price Changed $150,000 CPARMLS
• 2026-01-13 Price Changed $150 CPARMLS
• 2025-11-02 Price Changed $169,000 CPARMLS
• 2025-10-16 Price Changed $174,000 CPARMLS
• 2025-09-14 Price Changed $179,000 CPARMLS
• 2025-07-15 Listed $185,000 CPARMLS
• 2024-06-21 Sold (Public Records) $100,000 Public Records
• 2024-06-20 Sold (MLS) $100,000 CPARMLS
• 2024-05-22 Pending — CPARMLS
• 2024-05-20 Relisted — CPARMLS
• 2024-05-13 Contingent — CPARMLS
• 2024-05-06 Price Changed $145,000 CPARMLS
• 2024-04-06 Relisted — CPARMLS
• 2024-03-29 Pending — CPARMLS
• 2024-03-27 Listed $160,000 CPARMLS

Property tax history

+10.4%/yr

Latest (2025): $1,164 · -7.3% YoY. Source: county tax records.