343 NW Hollywood Blvd · Fort Walton Beach, FL 32548

$194,900

3 bd · 2.0 ba · 1,066 sqft · SingleFamily public records · 48 Days on market

Built 1964 9,147 sqft lot $183/sqft · 31% below area Est $284k · 31% under

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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 +20.9/30.0
• ARV discount +15.0/15.0
• DSCR +6.7/10.0
• Schools +5.2/10.0
• 1% rule +4.7/10.0
• 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

INVESTOR SPECIAL Centrally located in the heart of Fort Walton Beach, this 3BD/2BA ranch offers a fantastic ''fix-and-flip'' or ''buy-and-hold'' opportunity. While the home saw a full renovation in 2018, including updated windows, granite countertops, and stainless steel appliances, it now requires significant TLC to return to its former glory. The functional layout features a mudroom with a cabinet system and a primary suite with remote-controlled fixtures. The heavy lifting on the major components was started in 2018; now it just needs the finishing touches. Property is being sold Strictly As-Is. Seller will not make repairs, remove items, or provide credits. Cash preferred.

Key facts

• Updated windows
• Full renovation
• Granite countertops

Tags

• FULL RENOVATION
• UPDATED WINDOWS
• GRANITE COUNTERTOPS
• STAINLESS STEEL APPLIANCES
• MUDROOM WITH CABINET SYSTEM

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $195k.

Deal economics

• At list price, monthly cash flow is $271 ($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 $189k (3.2% below list).
• Recommended offer: $189k (3.2% below list) — sets the bar for 1% rule.
• Cap rate 8.0% vs local median 0.9% in Fort Walton Beach — 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 80/100 on livability (#111 in FL, #1,628 nationally) — a professional / high-income tenant draw. Strengths: commute A+, housing A+, health & safety A+; Watch: schools C-, amenities F.
• Okaloosa (other): math 60% / reading 60% proficiency, ranked #12 of 73 in FL (top 16%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising (+1.3%/yr); 341 active listings in the ZIP; 18 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 44% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,268 units permitted in Okaloosa County in 2024 (175 in 5+ unit buildings).
• This rent runs 35% of the median local income ($65k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Okaloosa County population projected at +37% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 48 days — a 3% lower offer ($189k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 8y ago; this cycle's ask has dropped $30k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: major 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 $188,588 (3.2% below list)

Questions for the listing agent

1. It's been on market 48 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1964 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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.
5. 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.
6. 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: 0.97% ✗
• Cap rate: 7.96%
• Cash-on-cash: 5.96%
• DSCR: 1.27
• GRM: 8.6

CMA / ARV

• ARV (median comp): $283,571
• List price: $194,900
• Delta: -31.27%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
348 NE Gardner Dr	0.29mi	3/1.0	1,052 (-1%)	3mo	$225,000	$214	78
344 SE Hollywood Blvd	0.04mi	3/1.0	1,198 (+12%)	5mo	$319,000	$266	70
79 NE Laurie Dr	0.38mi	3/1.0	1,032 (-3%)	10mo	$259,000	$251	65
48 NE Laurie Dr	0.45mi	3/1.0	1,102 (+3%)	9mo	$200,000	$181	62
52 NE Laurie Dr	0.45mi	2/2.0 (-1)	1,000 (-6%)	5mo	$425,000	$425	59
231 NE Hollywood Blvd	0.46mi	3/2.0	1,150 (+8%)	10mo	$300,000	$261	57
40 NE Laurie Dr	0.43mi	3/1.0	1,012 (-5%)	12mo	$289,900	$286	57
105 Magnolia Ave	0.50mi	3/1.0	960 (-10%)	0mo	$185,000	$193	56
213 NE Staff Dr	0.61mi	3/2.0	1,126 (+6%)	20mo	$225,000	$200	45

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 · 1.33% rent growth · sell at horizon

5-year hold

• IRR: -8.9%
• Equity multiple: 0.68×
• Total profit: $-17,498
• Equity at exit: $29,060

10-year hold

• IRR: -1.6%
• Equity multiple: 0.90×
• Total profit: $-5,596
• Equity at exit: $16,851

Cash invested: $54,572 (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 32548

• Home prices YoY: -31.1%
• Rents YoY: 1.3%
• Active inventory: 341
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $1,886 high
• Mortgage (P&I): −$1,022
• Tax from tax record: −$116 /mo · $1,388/yr
• Insurance: −$81
• HOA: −$0
• Vacancy / Maint / Mgmt: −$396
• Net cashflow: $271

Break-even live

Break-even rent $1,543

Max offer price $194,900

Occupancy floor 81%

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: $48,725
• Closing costs: $5,847
• Reserves months: —
• Total cash needed: —

Rent comps 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
22 Laurie Dr NE Fort Walton Beach, FL	3.0	1.5	1064	$1,800	$1.69	20d	1	0.38mi
37 Laurie Dr NE Fort Walton Beach, FL	3.0	1.0	1375	$2,095	$1.52	20d	1	0.43mi
50 Laurie Dr NE Fort Walton Beach, FL	3.0	2.0	1484	$2,000	$1.35	43d	1	0.47mi
107 Magnolia Ave SE Fort Walton Beach, FL	3.0	1.0	1106	$1,700	$1.54	13d	1	0.51mi
128 Elm Ave SE Fort Walton Beach, FL	2.0	1.0	960	$1,500	$1.56	20d	1	0.55mi
36 Alder Ave SE #3 Fort Walton Beach, FL	2.0	2.5	1061	$1,800	$1.70	43d	1	0.61mi
208 Oak St SE Unit B Fort Walton Beach, FL	2.0	1.5	1008	$1,650	$1.64	20d	1	0.65mi
133 Alder Ave SE Fort Walton Beach, FL	2.0	1.0	1031	$1,500	$1.45	43d	1	0.67mi
159 Scottwood Dr SE Fort Walton Beach, FL	2.0	2.0	1104	$1,400	$1.27	43d	1	0.72mi
115 Hughes St NE Unit D2 Fort Walton Beach, FL	2.0	1.0	1066	$1,900	$1.78	20d	1	1.04mi
165 Brooks St SE Fort Walton Beach, FL	2.0	1.0	900	$1,850	$2.06	13d	1	1.04mi
120 Opp Blvd NE Fort Walton Beach, FL	2.0	1.5	1240	$1,700	$1.37	20d	1	1.07mi
159 Brooks St SE #306 Fort Walton Beach, FL	2.0	2.0	1200	$2,400	$2.00	20d	1	1.08mi
140 Opp Blvd NE Fort Walton Beach, FL	2.0	1.5	896	$1,750	$1.95	43d	1	1.10mi
101 Church Ave SE Unit 204 Fort Walton Beach, FL	2.0	1.0	945	$1,676	$1.77	43d	1	1.21mi
330 Bluefish Dr #103 Fort Walton Beach, FL	2.0	2.0	1100	$2,500	$2.27	43d	1	1.22mi
103 Church Ave SE Unit B Fort Walton Beach, FL	2.0	1.0	930	$1,300	$1.40	20d	1	1.22mi
5 Laguna St #104 Fort Walton Beach, FL	2.0	2.0	1269	$2,575	$2.03	44d	1	1.35mi

Listing history 17 events

1. 2026-06-18
   days on market $194,900 Active 48 DOM
2. 2026-06-17
   days on market $194,900 Active 47 DOM
3. 2026-06-16
   days on market $194,900 Active 46 DOM
4. 2026-06-15
   days on market $194,900 Active 45 DOM
5. 2026-06-14
   days on market $194,900 Active 43 DOM
6. 2026-06-13
   status $194,900 Active 42 DOM
7. 2026-05-07
   status Pending 685-char remark

   Show marketing remark (685 chars)

   INVESTOR SPECIAL Centrally located in the heart of Fort Walton Beach, this 3BD/2BA ranch offers a fantastic ''fix-and-flip'' or ''buy-and-hold'' opportunity. While the home saw a full renovation in 2018, including updated windows, granite countertops, and stainless steel appliances, it now requires significant TLC to return to its former glory. The functional layout features a mudroom with a cabinet system and a primary suite with remote-controlled fixtures. The heavy lifting on the major components was started in 2018; now it just needs the finishing touches. Property is being sold Strictly As-Is. Seller will not make repairs, remove items, or provide credits. Cash preferred.

8. 2026-05-05
   price $194,900 685-char remark

   Show marketing remark (685 chars)

   INVESTOR SPECIAL Centrally located in the heart of Fort Walton Beach, this 3BD/2BA ranch offers a fantastic ''fix-and-flip'' or ''buy-and-hold'' opportunity. While the home saw a full renovation in 2018, including updated windows, granite countertops, and stainless steel appliances, it now requires significant TLC to return to its former glory. The functional layout features a mudroom with a cabinet system and a primary suite with remote-controlled fixtures. The heavy lifting on the major components was started in 2018; now it just needs the finishing touches. Property is being sold Strictly As-Is. Seller will not make repairs, remove items, or provide credits. Cash preferred.

9. 2026-03-31
   listed $225,000 Active 685-char remark

   Show marketing remark (685 chars)

   INVESTOR SPECIAL Centrally located in the heart of Fort Walton Beach, this 3BD/2BA ranch offers a fantastic ''fix-and-flip'' or ''buy-and-hold'' opportunity. While the home saw a full renovation in 2018, including updated windows, granite countertops, and stainless steel appliances, it now requires significant TLC to return to its former glory. The functional layout features a mudroom with a cabinet system and a primary suite with remote-controlled fixtures. The heavy lifting on the major components was started in 2018; now it just needs the finishing touches. Property is being sold Strictly As-Is. Seller will not make repairs, remove items, or provide credits. Cash preferred.

10. 2024-02-23
    soldstatus $242,000 Closed 849-char remark

    Show marketing remark (849 chars)

    Secure Your Personal Oasis With This Quaint Residence, Strategically Nestled Along A Picturesque Street Shaded By Palm Trees And Mere Steps From The Bay. Boasting Two Bedrooms, Including A Master Suite With Its Own Exclusive Sitting Area, And One Bath, This Home Showcases A Generous Living Space, A Dine-In Kitchen, A Formal Dining Room, And An Expansive Backyard With Plenty Of Space For A Potential Pool. Whether You're Seeking The Ideal Starter Home, A Tranquil Vacation Haven, Or A Downsized Sanctuary, This Property Is The Perfect Fit. Conveniently Located Near Shopping, Dining, White Sand Beaches, And Just Minutes From Both Bases, This Residence Provides An Optimal And Adaptable Location For All. Seize The Opportunity To Make This Charming Treasure In The Heart Of Fort Walton Beach Uniquely Yours And Schedule Your Private Showing Today!

11. 2024-01-08
    status Pending 849-char remark

    Show marketing remark (849 chars)

    Secure Your Personal Oasis With This Quaint Residence, Strategically Nestled Along A Picturesque Street Shaded By Palm Trees And Mere Steps From The Bay. Boasting Two Bedrooms, Including A Master Suite With Its Own Exclusive Sitting Area, And One Bath, This Home Showcases A Generous Living Space, A Dine-In Kitchen, A Formal Dining Room, And An Expansive Backyard With Plenty Of Space For A Potential Pool. Whether You're Seeking The Ideal Starter Home, A Tranquil Vacation Haven, Or A Downsized Sanctuary, This Property Is The Perfect Fit. Conveniently Located Near Shopping, Dining, White Sand Beaches, And Just Minutes From Both Bases, This Residence Provides An Optimal And Adaptable Location For All. Seize The Opportunity To Make This Charming Treasure In The Heart Of Fort Walton Beach Uniquely Yours And Schedule Your Private Showing Today!

12. 2023-12-29
    price $249,000 849-char remark

    Show marketing remark (849 chars)

    Secure Your Personal Oasis With This Quaint Residence, Strategically Nestled Along A Picturesque Street Shaded By Palm Trees And Mere Steps From The Bay. Boasting Two Bedrooms, Including A Master Suite With Its Own Exclusive Sitting Area, And One Bath, This Home Showcases A Generous Living Space, A Dine-In Kitchen, A Formal Dining Room, And An Expansive Backyard With Plenty Of Space For A Potential Pool. Whether You're Seeking The Ideal Starter Home, A Tranquil Vacation Haven, Or A Downsized Sanctuary, This Property Is The Perfect Fit. Conveniently Located Near Shopping, Dining, White Sand Beaches, And Just Minutes From Both Bases, This Residence Provides An Optimal And Adaptable Location For All. Seize The Opportunity To Make This Charming Treasure In The Heart Of Fort Walton Beach Uniquely Yours And Schedule Your Private Showing Today!

13. 2023-12-14
    listed $260,000 Active 849-char remark

    Show marketing remark (849 chars)

    Secure Your Personal Oasis With This Quaint Residence, Strategically Nestled Along A Picturesque Street Shaded By Palm Trees And Mere Steps From The Bay. Boasting Two Bedrooms, Including A Master Suite With Its Own Exclusive Sitting Area, And One Bath, This Home Showcases A Generous Living Space, A Dine-In Kitchen, A Formal Dining Room, And An Expansive Backyard With Plenty Of Space For A Potential Pool. Whether You're Seeking The Ideal Starter Home, A Tranquil Vacation Haven, Or A Downsized Sanctuary, This Property Is The Perfect Fit. Conveniently Located Near Shopping, Dining, White Sand Beaches, And Just Minutes From Both Bases, This Residence Provides An Optimal And Adaptable Location For All. Seize The Opportunity To Make This Charming Treasure In The Heart Of Fort Walton Beach Uniquely Yours And Schedule Your Private Showing Today!

14. 2018-06-19
    soldstatus $194,000
15. 2018-06-15
    soldstatus $194,000
16. 2018-06-15
    soldstatus $194,000
17. 2018-03-07
    listed $190,000

ⓘ 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: $1,388 · $116/mo
• Projected year-2 tax: $1,618 · $135/mo
• Expected delta: +$229/yr (+$19/mo · 16.5%)

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

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 51% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥103°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: $22,631
• − Mortgage interest: −$10,917
• − Property taxes: −$1,388
• − Insurance: −$974
• − Repairs & maintenance: −$1,810
• − Management: −$1,810
• − Depreciation: −$5,670
• Taxable income: $59
• Est. tax owed @ 24.0%: −$14
• After-tax cash flow: $3,236/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: Okaloosa
• NCES district ID: 1201380
• Math proficiency: 60% ▼ -12.00%
• Reading proficiency: 60% ▼ -4.00%
• Median HH income: $55,601
• Composite: 51.62/100
• National rank: #1705
• State rank: #12 of 73 in FL

Livability — Fort Walton Beach

• Score: 80/100
• State rank: #111
• US rank: #1628

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Fort Walton Beach, FL
• County: Okaloosa County · 194,352 people
• City population: 59,301
• Metro: Crestview-Fort Walton Beach-Destin, FL
• Population (ZIP): 23,774
• Household income: $65,342
• Rent vs Own: 42.0% rent · 58.0% own
• Severe rent burden: 889.0

Population outlook (Okaloosa County) Hauer SSP2

• Today (2025): 235,133 people
• By 2030: 253,483 · +7.8%
• By 2040: 289,537 · +23.1%
• By 2050: 322,954 · +37.3%
• By 2075: 399,624 · +70.0%
• By 2100: 425,311 · +80.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: White 63% Hispanic / Latino 13% Black 12% Two or more races 9% Asian 6%
• Hispanic origin (detail): Mexican 4% Puerto Rican 2%
• Common ancestry: Italian 4% Slovak 3% Romanian 2%
• Foreign-born: 12% · Canada, Jamaica
• Languages at home: 84% English-only · Spanish 9% Other Asian/Pacific 3% Other Indo-European 1%

Political lean MEDSL · Okaloosa

• 2024 margin: Solid R (+42.4) · D 28.2% · R 70.7% · Other 1.1%
• 2008→2024 swing: +2.5pp toward D · 2008: -44.9pp · 2024: -42.4pp
• All cycles: 2024: R+42.4 2020: R+39.1 2016: R+47.8 2012: R+49.4 2008: R+44.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -123.88%
• Current HPI: 274.8418
• Rent YoY: ▲ 1.33%
• 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

+2.6% since first listed

11 events — show timeline

• 2026-05-07 Pending — ECAR
• 2026-05-05 Price Changed $194,900 ECAR
• 2026-03-31 Listed $225,000 ECAR
• 2024-02-23 Sold (MLS) $242,000 CPARMLS
• 2024-01-08 Pending — CPARMLS
• 2023-12-29 Price Changed $249,000 CPARMLS
• 2023-12-14 Listed $260,000 CPARMLS
• 2018-06-19 Sold (Public Records) $194,000 Public Records
• 2018-06-15 Sold (MLS) $194,000 NAMLS
• 2018-06-15 Sold (MLS) $194,000 ECAR
• 2018-03-07 Listed $190,000 NAMLS

Property tax history

+12.9%/yr

Latest (2025): $1,388 · +3.6% YoY. Source: county tax records.