416 Ponderosa Blvd · DeFuniak Springs, FL 32433

$210,000

3 bd · 2.0 ba · 1,216 sqft · Manufactured · 83 Days on market

Built 2025 Excellent condition 0.68 ac lot Est $161k · 31% over ↓ 4% 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 +12.3/30.0
• Appreciation +10.0/10.0
• Schools +5.2/10.0
• Condition / age +4.8/5.0
• DSCR +3.7/10.0
• 1% rule +3.5/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• ARV discount +0.0/15.0

Listing remarks

Have you been looking for an affordable new home within an hour of the Gulf Coast and the world's most beautiful beaches? Well, look no further, this beautiful, brand-new 3-bedroom 2-bath manufactured home might be just what you are looking for. Complete with all-new Whirlpool appliances, HVAC, and a water heater, this home is move-in ready. An added bonus is that the seller is willing to offer owner financing (with the right down payment and terms). Sitting on over 0.6 acres, this property offers potential for the investor, with a spacious backyard that has already been surveyed and shows where it can be split into three individual lots. So, whether you are looking for a forever home or an

Key facts

• Surveyed property
• Spacious backyard
• Whirlpool appliances

Tags

• WHIRLPOOL APPLIANCES
• SPACIOUS BACKYARD
• SURVEYED PROPERTY

Property features AI

Finance

• HOA & community: No recorded subdivision

Exterior

• Utilities: Electric service; Public water; Septic tank
• Home design: Manufactured home; Single-story; Entry level: First floor; Facing direction not specified
• Construction: Built in 2025; Vinyl siding; Composite shingle roof; Foundation type not specified
• Exterior features: Open front porch; Cleared lot; Survey available; Lot dimensions approximately 125 x 240; Road frontage on a county paved road

Interior

• Kitchen: Dishwasher; Microwave; Refrigerator
• Bedrooms: 3 bedrooms; Master bedroom on the first floor with walk-in closet
• Bathrooms: 2 full bathrooms; Master bathroom with double vanity and garden tub
• Heating & cooling: Heat pump heating (air-to-air); Central air conditioning
• Interior features: Newly painted; 8 total rooms
• Laundry & utility: First-floor laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $210k. Condition is rated excellent.

Deal economics

• At list price, monthly cash flow is $-37 ($-449/yr) — negative.
• To cash-flow at today's rent, offer at most $205k (2.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $179k (14.8% below list).
• Recommended offer: $179k (14.8% below list) — sets the bar for 1% rule.
• Cap rate 6.1% vs local median 4.8% in DeFuniak Springs — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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); Emerald Coast Middle School (math 70% / reading 65%, grade A-, #77 of 571 statewide, top 14%, 868 students, 24% FRL); Walton High School (math 52% / reading 53%, grade C-, #154 of 667 statewide, top 24%, 856 students, 65% FRL).
• Market conditions: 423 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 2,883 units permitted in Walton County in 2024 (1,322 in 5+ unit buildings).
• This rent runs 41% 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 $22k of equity ($1k loan paydown + $21k 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 $59k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$36k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 83 days — a 6% lower offer ($197k) is reasonable based on typical stale-listing flexibility.

Recommended offer $178,965 (14.8% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 83 days. Have you received any prior offers? Is the seller open to a 15% concession, seller financing, or rate buy-down credit?
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 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?
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 0.85% ✗
• Cap rate: 6.08%
• Cash-on-cash: -0.76%
• DSCR: 0.97
• GRM: 9.8

CMA / ARV

• ARV (on-the-fly): $160,512
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
232 Amaryllis Ln	0.42mi	3/2.0	1,264 (+4%)	11mo	$205,000	$162	64
32 E Buckeye St	0.37mi	3/2.0	1,252 (+3%)	17mo	$152,000	$121	64
696 Passion Flower St	0.58mi	3/2.0	1,264 (+4%)	3mo	$182,000	$144	64
330 E Clover Ln	0.26mi	3/2.0	1,140 (-6%)	21mo	$140,000	$123	60
228 White Rose St St	0.30mi	3/2.0	1,344 (+10%)	12mo	$178,000	$132	58
86 Walnut Dr	0.31mi	3/2.0	1,080 (-11%)	15mo	$159,900	$148	54
201 Tangelo St	0.57mi	3/2.0	1,344 (+10%)	2mo	$60,000	$45	54
236 Laurel Dr	0.53mi	3/2.0	1,344 (+10%)	6mo	$60,000	$45	53
11 W Lafavre Ln	0.52mi	3/2.0	1,140 (-6%)	19mo	$153,000	$134	49
105 See Saw Bnd	0.41mi	3/2.0	1,352 (+11%)	20mo	$178,000	$132	45
51 Clay Basket Ct	0.71mi	3/2.0	1,140 (-6%)	20mo	$150,000	$132	40
180 Shorey Dr	0.66mi	2/2.0 (-1)	1,088 (-10%)	14mo	$70,000	$64	34

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: 23.7%
• Equity multiple: 2.91×
• Total profit: $112,014
• Equity at exit: $189,185

10-year hold

• IRR: 21.1%
• Equity multiple: 6.64×
• Total profit: $331,792
• Equity at exit: $407,984

Cash invested: $58,800 (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: 423
• Price-to-rent: 9.8×

Monthly cashflow live

• Estimated rent: $1,790 medium
• Mortgage (P&I): −$1,101
• Tax est. 1.5%: −$262 /mo · $3,150/yr
• Insurance: −$88
• HOA: −$0
• Vacancy / Maint / Mgmt: −$376
• Net cashflow: $-37

Break-even live

Break-even rent $1,837

Max offer price $204,582

Occupancy floor 97%

Sensitivity live

Price	-10% $108	-5% $35	+0% $-37	+5% $-110	+10% $-183
Rent	-10% $-179	-5% $-108	+0% $-37	+5% $33	+10% $104
Rate	-1.0pp $68	-0.5pp $16	base $-37	+0.5pp $-92	+1.0pp $-147

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: $52,500
• Closing costs: $6,300
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
135 Tiger Lily Ln Defuniak Springs, FL	3.0	2.0	1114	$1,795	$1.61	15d	1	0.30mi
71 Lafavre Ln Defuniak Springs, FL	2.0	1.0	806	$1,650	$2.05	22d	1	0.62mi
150 Hibiscus Ave Defuniak Springs, FL	3.0	2.0	1256	$1,950	$1.55	22d	1	1.21mi

Listing history 20 events

1. 2026-06-21
   days on market $210,000 Active 83 DOM
2. 2026-06-18
   days on market $210,000 Active 80 DOM
3. 2026-06-17
   days on market $210,000 Active 79 DOM
4. 2026-06-16
   days on market $210,000 Active 78 DOM
5. 2026-06-15
   days on market $210,000 Active 77 DOM
6. 2026-06-14
   days on market $210,000 Active 75 DOM
7. 2026-06-13
   days on market $210,000 Active 74 DOM
8. 2026-06-10
   days on market $210,000 Active 72 DOM
9. 2026-06-09
   days on market $210,000 Active 71 DOM
10. 2026-06-08
    days on market $210,000 Active 70 DOM
11. 2026-06-07
    days on market $210,000 Active 69 DOM
12. 2026-06-05
    days on market $210,000 Active 66 DOM
13. 2026-06-03
    pricedays on market $210,000 Active 65 DOM
14. 2026-06-03
    days on market $225,000 Active 64 DOM
15. 2026-06-01
    days on market $225,000 Active 63 DOM
16. 2026-05-31
    days on market $225,000 Active 62 DOM
17. 2026-05-30
    days on market $225,000 Active 61 DOM
18. 2026-05-19
    price $225,000
19. 2026-05-01
    price $230,000
20. 2026-03-30
    listed $235,000 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: $21,476
• − Mortgage interest: −$11,763
• − Property taxes: −$3,150
• − Insurance: −$1,050
• − Repairs & maintenance: −$1,718
• − Management: −$1,718
• − Depreciation: −$6,109
• Taxable loss: −$4,033
• Est. tax savings @ 24.0%: +$968
• After-tax cash flow: $519/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.

Condition & rehab AI · 13 photos

Excellent 95/100 None rehab

This move-in ready manufactured home is in excellent condition with new appliances, modern finishes, and a spacious backyard. It offers a great opportunity for investors or buyers looking for a turnkey property.

Value-add opportunities

• Both Landscaping and curb appeal improvements — Enhances curb appeal and could attract more buyers
• Both Add a small deck or patio area — Could increase living space and appeal to potential buyers
• Both Install smart home features — Could increase home's marketability and attract tech-savvy buyers

Renovation cost estimate screening

Value-add ROI direction

• Both Landscaping and curb appeal improvements — Enhances curb appeal and could attract more buyers ↑
• Both Add a small deck or patio area — Could increase living space and appeal to potential buyers ↑
• Both Install smart home features — Could increase home's marketability and attract tech-savvy buyers ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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

-4.3% since first listed

3 events — show timeline

• 2026-05-19 Price Changed $225,000 ECAR
• 2026-05-01 Price Changed $230,000 ECAR
• 2026-03-30 Listed $235,000 ECAR