135 N Verdi Ln · DeFuniak Springs, FL 32433

$209,900

3 bd · 2.0 ba · 1,612 sqft · Manufactured public records · 34 Days on market

Built 2006 1.01 ac lot Est $229k · 8% 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 +16.4/30.0
• ARV discount +11.2/15.0
• Appreciation +10.0/10.0
• Schools +5.2/10.0
• DSCR +5.1/10.0
• 1% rule +3.2/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Completely renovated home in the desired Juniper Lake Estates. On a spacious and wooded 1 acre parcel. Home has been transformed with new roof, hvac, and nearly everything else. Enter into a bright and airy main space. Wall to wall luxury vinyl plank flooring. A living room and a den with fireplace. New custom cabinetry, butcherblock counters, subway backsplash and a new stainless-steel appliance package. Pantry and a breakfast bar. Master suite features double vanities and extra space for storage or powder station. Guest rooms are nice sized. New front and rear steps. An amazing yard that feels private. Also, a storage container on the property that's included with sale. Ready for a new family. This location qualifies for a USDA loan that has 100% financing. City water. Don't miss this one.

Key facts

• Custom cabinetry
• New hvac
• 1 acre parcel

Tags

• 1 ACRE PARCEL
• NEW ROOF
• NEW HVAC
• LUXURY VINYL PLANK FLOORING
• DEN WITH FIREPLACE
• CUSTOM CABINETRY

Property features AI

Exterior

• Utilities: Electric service; Public water; Septic tank
• Home design: Manufactured home; Single-story
• Construction: Built in 2006
• Exterior features: Lot approximately 1.01 acres; Lot dimensions: 173 x 295 x 106 x 276; Subdivision: Juniper Lake Estates; No pool

Interior

• Kitchen: Kitchen on the first floor
• Bedrooms: 3 bedrooms, all on the first floor; Primary bedroom with walk-in closet
• Flooring: Vinyl flooring
• Bathrooms: 2 full bathrooms; Primary bath with double vanity, dressing area, and shower
• Heating & cooling: Central air conditioning
• Interior features: Family room on the first floor (approx. 16 x 14); 5 total rooms

What this means for you Summary

Snapshot

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

Deal economics

• At list price, monthly cash flow is $118 ($1k/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 $173k (17.5% below list).
• Recommended offer: $173k (17.5% below list) — sets the bar for 1% rule.
• Cap rate 7.0% 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: Maude Saunders Elementary School (math 58% / reading 52%, grade C, #872 of 2,144 statewide, top 42%, 553 students, 87% FRL); Walton High School (math 52% / reading 53%, grade C-, #154 of 667 statewide, top 24%, 856 students, 65% FRL) — zoned schools average 76% FRL vs 48% district-wide (28 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 422 active listings in the ZIP; 2,883 units permitted in Walton County in 2024 (1,322 in 5+ unit buildings).

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 34 days — a 3% lower offer ($204k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts 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.
• Current owner paid $9k; list at $210k implies a 2182% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $173,116 (17.5% below list)

Questions for the listing agent

1. It's been on market 34 days. Have you received any prior offers? Is the seller open to a 18% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 0.82% ✗
• Cap rate: 6.97%
• Cash-on-cash: 2.40%
• DSCR: 1.11
• GRM: 10.1

CMA / ARV

• ARV (on-the-fly): $228,904
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
362 Schubert Cir	0.42mi	3/2.0	1,707 (+6%)	2mo	$180,000	$105	69
544 Oakridge Rd	0.47mi	3/2.0	1,560 (-3%)	18mo	$287,000	$184	58
745 Roberts Dr	0.66mi	3/2.0	1,512 (-6%)	7mo	$199,000	$132	53
915 Oakridge Rd	0.53mi	3/2.0	1,404 (-13%)	4mo	$199,999	$142	50
332 Schubert Cir	0.46mi	3/2.0	1,400 (-13%)	21mo	$200,000	$143	39

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: 26.0%
• Equity multiple: 3.07×
• Total profit: $121,716
• Equity at exit: $189,095

10-year hold

• IRR: 22.8%
• Equity multiple: 7.00×
• Total profit: $352,346
• Equity at exit: $407,790

Cash invested: $58,772 (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: 10.1×

Monthly cashflow live

• Estimated rent: $1,731 medium
• Mortgage (P&I): −$1,101
• Tax from tax record: −$62 /mo · $741/yr
• Insurance: −$87
• HOA: −$0
• Vacancy / Maint / Mgmt: −$364
• Net cashflow: $118

Break-even live

Break-even rent $1,582

Max offer price $209,900

Occupancy floor 88%

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: $52,475
• Closing costs: $6,297
• Reserves months: —
• Total cash needed: —

Listing history 24 events

1. 2026-06-18
   days on market $209,900 Active 34 DOM
2. 2026-06-17
   days on market $209,900 Active 33 DOM
3. 2026-06-16
   days on market $209,900 Active 32 DOM
4. 2026-06-15
   days on market $209,900 Active 31 DOM
5. 2026-06-14
   days on market $209,900 Active 29 DOM
6. 2026-06-13
   days on market $209,900 Active 28 DOM
7. 2026-06-10
   pricedays on market $209,900 Active 26 DOM
8. 2026-06-09
   days on market $219,000 Active 25 DOM
9. 2026-06-08
   days on market $219,000 Active 24 DOM
10. 2026-06-07
    days on market $219,000 Active 23 DOM
11. 2026-06-05
    days on market $219,000 Active 20 DOM
12. 2026-06-03
    days on market $219,000 Active 19 DOM
13. 2026-06-02
    days on market $219,000 Active 18 DOM
14. 2026-06-01
    days on market $219,000 Active 17 DOM
15. 2026-05-31
    days on market $219,000 Active 16 DOM
16. 2026-05-30
    days on market $219,000 Active 15 DOM
17. 2026-05-17
    listed $219,000 Active 802-char remark

    Show marketing remark (802 chars)

    Completely renovated home in the desired Juniper Lake Estates. On a spacious and wooded 1 acre parcel. Home has been transformed with new roof, hvac, and nearly everything else. Enter into a bright and airy main space. Wall to wall luxury vinyl plank flooring. A living room and a den with fireplace. New custom cabinetry, butcherblock counters, subway backsplash and a new stainless-steel appliance package. Pantry and a breakfast bar. Master suite features double vanities and extra space for storage or powder station. Guest rooms are nice sized. New front and rear steps. An amazing yard that feels private. Also, a storage container on the property that's included with sale. Ready for a new family. This location qualifies for a USDA loan that has 100% financing. City water. Don't miss this one.

18. 2026-05-15
    listed $219,000 Active
19. 2025-07-11
    price $75,000
20. 2025-06-05
    price $79,900
21. 2025-06-02
    price $84,000
22. 2025-05-28
    price $85,900
23. 2025-05-20
    listed $87,900 Active
24. 2003-12-18
    soldstatus $9,200

ⓘ 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: $741 · $62/mo
• Projected year-2 tax: $1,742 · $145/mo
• Expected delta: +$1,002/yr (+$83/mo · 135.2%)

ⓘ 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 8/10 Severe 7 d/yr ≥107°F today · 20 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: $20,774
• − Mortgage interest: −$11,758
• − Property taxes: −$741
• − Insurance: −$1,050
• − Repairs & maintenance: −$1,662
• − Management: −$1,662
• − Depreciation: −$6,106
• Taxable loss: −$2,204
• Est. tax savings @ 24.0%: +$529
• After-tax cash flow: $1,941/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

+2280.4% since first listed

8 events — show timeline

• 2026-05-17 Listed $219,000 CPARMLS
• 2026-05-15 Listed $219,000 ECAR
• 2025-07-11 Price Changed $75,000 ECAR
• 2025-06-05 Price Changed $79,900 ECAR
• 2025-06-02 Price Changed $84,000 ECAR
• 2025-05-28 Price Changed $85,900 ECAR
• 2025-05-20 Listed $87,900 ECAR
• 2003-12-18 Sold (Public Records) $9,200 Public Records

Property tax history

+11.2%/yr

Latest (2025): $741 · +4.8% YoY. Source: county tax records.