2350 Crescent Wood Dr · Navarre, FL 32566

$190,000

3 bd · 2.0 ba · 1,674 sqft · SingleFamily public records · 100 Days on market

Built 1988 0.31 ac lot Est $360k · 47% under

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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 +27.0/30.0
• ARV discount +15.0/15.0
• DSCR +9.3/10.0
• 1% rule +7.3/10.0
• Schools +5.3/10.0
• Livability +3.5/5.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Seller to put new roof on at closing. Also seller will provide $5,000 allowance towards new bathroom! The moment you step through the front door, you will fall in love with this UNIQUE home! Nestled on a quiet, dead end street, this High and Dry property is just over a quarter of an acre with a fully fenced in yard. Upon entering into the house is the huge bonus/living area which leads straight to the formal living room. Easy access to the full bathroom and adorable kitchen downstairs. The entire home's flooring was replaced not even two years ago! The master and two other bedrooms reside upstairs, each equally well sized. Only 7 Miles from Hurlburt Field and 4 miles to Navarre Beach!

Key facts

• Easy access
• Generous yard
• Prime location

Tags

• GENEROUS YARD
• EASY ACCESS
• PRIME LOCATION

Property features AI

Finance

• Other: Lot size about 0.31 acres (approx. 75 x 182)
• HOA & community: No homeowners association

Exterior

• Parking: Two parking spaces; Driveway with open parking
• Utilities: Public water; Septic tank sewer; Copper wiring for electric
• Home design: Two-story frame home; Resale property; Not attached to another property
• Construction: Built on a slab foundation; Frame construction
• Exterior features: Back yard fencing; Paved, county-maintained road access; Composition roof

Interior

• Kitchen: Electric water heater
• Bedrooms: Primary bedroom approximately 14 x 12 (first level); Additional bedroom approximately 10 x 10 (first level)
• Flooring: Tile; Vinyl
• Bathrooms: Two full bathrooms
• Heating & cooling: Central heating; Central air; Ceiling fans; ENERGY STAR qualified cooling equipment
• Interior features: Tile and vinyl flooring; See remarks for additional interior details; Living/dining combo

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $190k.

Deal economics

• At list price, monthly cash flow is $531 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $190k).
• Recommended offer: $173k (9.0% below list) — sets the bar for market timing.
• Cap rate 9.6% 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, schools 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.
• Market conditions: Rents rising (+2.7%/yr); 768 active listings in the ZIP; 25 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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 $1k of loan paydown is wiped out by about $6k 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.
• At projected returns (-3.0% appreciation + 2.7% rent growth), your $53k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 100 days — a 9% lower offer ($173k) is reasonable based on typical stale-listing flexibility.
• 14 sale attempts since 31y ago; this cycle's ask has dropped $39k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $172,900 (9.0% below list)

Questions for the listing agent

1. It's been on market 100 days. Have you received any prior offers? Is the seller open to a 9% 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. 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: 1.23% ✓
• Cap rate: 9.65%
• Cash-on-cash: 11.98%
• DSCR: 1.53
• GRM: 6.8

CMA / ARV

• ARV (on-the-fly): $359,910
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
9860 Mary Anne Dr	0.21mi	3/2.0	1,656 (-1%)	1mo	$295,000	$178	87
2149 Paloma St	0.48mi	3/2.0	1,706 (+2%)	2mo	$360,000	$211	73
2155 Paloma St	0.50mi	3/2.0	1,617 (-3%)	5mo	$399,000	$247	67
2285 Tom St	0.52mi	3/2.0	1,604 (-4%)	3mo	$345,000	$215	66
9693 Leeward Way	0.61mi	4/2.0 (+1)	1,665 (-0%)	0mo	$345,000	$207	65
2162 Nina St	0.62mi	3/2.0	1,745 (+4%)	1mo	$390,900	$224	63
2269 Tom St	0.55mi	3/2.0	1,538 (-8%)	3mo	$354,000	$230	58
9726 Parker Lake Cir	0.55mi	4/2.0 (+1)	1,815 (+8%)	2mo	$415,000	$229	54
2065 Bella Breeze Ct	0.72mi	3/3.0	1,767 (+6%)	2mo	$375,000	$212	52
2224 Kerra Ln	0.43mi	3/2.0	1,423 (-15%)	6mo	$320,000	$225	50
9773 Leeward Way	0.42mi	4/2.0 (+1)	1,919 (+15%)	1mo	$335,000	$175	50
9641 Leeward Way	0.74mi	3/2.0	1,839 (+10%)	4mo	$327,525	$178	46

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 · 2.74% rent growth · sell at horizon

5-year hold

• IRR: 1.2%
• Equity multiple: 1.05×
• Total profit: $2,467
• Equity at exit: $28,330

10-year hold

• IRR: 10.6%
• Equity multiple: 1.82×
• Total profit: $43,364
• Equity at exit: $16,428

Cash invested: $53,200 (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: 6.8×

Monthly cashflow live

• Estimated rent: $2,333 high
• Mortgage (P&I): −$996
• Tax from tax record: −$236 /mo · $2,834/yr
• Insurance: −$79
• HOA: −$0
• Vacancy / Maint / Mgmt: −$490
• Net cashflow: $531

Break-even live

Break-even rent $1,660

Max offer price $190,000

Occupancy floor 72%

Sensitivity live

Price	-10% $639	-5% $585	+0% $531	+5% $477	+10% $424
Rent	-10% $347	-5% $439	+0% $531	+5% $623	+10% $715
Rate	-1.0pp $627	-0.5pp $579	base $531	+0.5pp $482	+1.0pp $432

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: $47,500
• Closing costs: $5,700
• Reserves months: —
• Total cash needed: —

Rent comps 25 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
9946 Mariposa St Navarre, FL	3.0	2.0	1706	$2,770	$1.62	24d	1	0.28mi
9946 Mariposa St Navarre, FL	3.0	2.0	1706	$2,770	$1.62	14d	1	0.28mi
2164 Wind Trace Rd N Navarre, FL	3.0	2.0	1463	$2,040	$1.39	24d	1	0.50mi
2164 Wind Trace Rd N Navarre, FL	3.0	2.0	1463	$2,040	$1.39	14d	1	0.50mi
2281 Tom St Navarre, FL	3.0	2.0	1604	$2,295	$1.43	24d	1	0.52mi
2244 Hadleigh Hills Ct Navarre, FL	3.0	2.5	1664	$1,995	$1.20	24d	1	0.53mi
2170 Tom St Navarre, FL	3.0	2.0	1400	$1,750	$1.25	24d	1	0.65mi
2107 Nina St Navarre, FL	3.0	2.0	1738	$2,400	$1.38	14d	1	0.73mi
10008 Calle de Palencia Navarre, FL	3.0	2.0	2159	$2,900	$1.34	21d	1	0.74mi
2127 Tom St Unit 2127 Navarre, FL	3.0	2.5	1400	$1,750	$1.25	24d	1	0.75mi
2123 Tom St Navarre, FL	3.0	2.0	1400	$1,900	$1.36	24d	1	0.76mi
2154 Whispering Pines Blvd Unit 3 Navarre, FL	2.0	2.0	1100	$1,600	$1.45	14d	1	0.93mi
2154 Whispering Pines Blvd Unit 3 Navarre, FL	2.0	2.0	1100	$1,600	$1.45	24d	1	0.93mi
2109 Bellemeade Cir Navarre, FL	3.0	2.0	1658	$1,900	$1.15	14d	1	0.96mi
2109 Bellemeade Cir Navarre, FL	3.0	2.0	1658	$1,900	$1.15	24d	1	0.96mi
9523 Parker Place Dr Navarre, FL	3.0	2.0	1700	$1,850	$1.09	24d	1	1.01mi
2212 Peachwood Ct Navarre, FL	3.0	2.0	1750	$2,200	$1.26	24d	1	1.05mi
114 Ridgewood Ave Mary Esther, FL	3.0	2.0	1120	$1,870	$1.67	44d	1	1.07mi
311 Evergreen Dr Mary Esther, FL	3.0	2.0	1284	$1,895	$1.48	21d	1	1.08mi
306 Evergreen Dr Mary Esther, FL	4.0	2.0	1741	$2,250	$1.29	44d	1	1.13mi
106 Pinehaven Dr Mary Esther, FL	3.0	2.0	1501	$2,100	$1.40	21d	1	1.30mi
210 Michael Ave Mary Esther, FL	3.0	2.0	1850	$2,250	$1.22	21d	1	1.30mi
202 Stephen Ave Mary Esther, FL	3.0	3.0	2048	$2,300	$1.12	44d	1	1.31mi
2225 Prytania Cir Navarre, FL	3.0	2.0	1529	$2,150	$1.41	14d	1	1.41mi
2225 Prytania Cir Navarre, FL	3.0	2.0	1529	$2,150	$1.41	24d	1	1.41mi

Listing history 43 events

1. 2026-06-18
   days on market $190,000 Active 100 DOM
2. 2026-06-17
   days on market $190,000 Active 99 DOM
3. 2026-06-16
   days on market $190,000 Active 98 DOM
4. 2026-06-15
   days on market $190,000 Active 97 DOM
5. 2026-06-14
   days on market $190,000 Active 95 DOM
6. 2026-06-10
   days on market $190,000 Active 92 DOM
7. 2026-06-09
   days on market $190,000 Active 91 DOM
8. 2026-06-08
   days on market $190,000 Active 90 DOM
9. 2026-06-07
   days on market $190,000 Active 89 DOM
10. 2026-06-05
    days on market $190,000 Active 86 DOM
11. 2026-06-03
    days on market $190,000 Active 85 DOM
12. 2026-06-02
    days on market $190,000 Active 84 DOM
13. 2026-06-01
    days on market $190,000 Active 83 DOM
14. 2026-05-31
    days on market $190,000 Active 82 DOM
15. 2026-05-31
    days on market $190,000 Active 81 DOM
16. 2026-05-12
    status Active
17. 2026-05-12
    price $190,000
18. 2026-05-01
    historical
19. 2026-04-09
    price $217,500
20. 2026-02-27
    listed $229,000 Active
21. 2021-01-29
    soldstatus $237,000
22. 2021-01-28
    soldstatus $237,000 693-char remark

    Show marketing remark (696 chars)

    Sellers to put New Roof on at closing! Also seller to provide a $5,000 allowance towards a new bathroom. The moment you step through the front door, you will fall in love with this UNIQUE home! Nestled on a quiet, dead end street, this High and Dry property is just over a quarter of an acre with a fully fenced in yard. Upon entering into the house is the huge bonus/living area which leads straight to the formal living room. Easy access to the full bathroom and adorable kitchen downstairs. The entire home's flooring was replaced not even two years ago! The master and two other bedrooms reside upstairs, each equally well sized. Only 7 Miles from Hurlburt Field and 4 miles to Navarre Beach!

23. 2021-01-28
    soldstatus $237,000 696-char remark

    Show marketing remark (696 chars)

    Sellers to put New Roof on at closing! Also seller to provide a $5,000 allowance towards a new bathroom. The moment you step through the front door, you will fall in love with this UNIQUE home! Nestled on a quiet, dead end street, this High and Dry property is just over a quarter of an acre with a fully fenced in yard. Upon entering into the house is the huge bonus/living area which leads straight to the formal living room. Easy access to the full bathroom and adorable kitchen downstairs. The entire home's flooring was replaced not even two years ago! The master and two other bedrooms reside upstairs, each equally well sized. Only 7 Miles from Hurlburt Field and 4 miles to Navarre Beach!

24. 2020-10-20
    listed $229,900 693-char remark

    Show marketing remark (693 chars)

    Seller to put new roof on at closing. Also seller will provide $5,000 allowance towards new bathroom! The moment you step through the front door, you will fall in love with this UNIQUE home! Nestled on a quiet, dead end street, this High and Dry property is just over a quarter of an acre with a fully fenced in yard. Upon entering into the house is the huge bonus/living area which leads straight to the formal living room. Easy access to the full bathroom and adorable kitchen downstairs. The entire home's flooring was replaced not even two years ago! The master and two other bedrooms reside upstairs, each equally well sized. Only 7 Miles from Hurlburt Field and 4 miles to Navarre Beach!

25. 2020-10-18
    listed $229,900 696-char remark

    Show marketing remark (696 chars)

    Sellers to put New Roof on at closing! Also seller to provide a $5,000 allowance towards a new bathroom. The moment you step through the front door, you will fall in love with this UNIQUE home! Nestled on a quiet, dead end street, this High and Dry property is just over a quarter of an acre with a fully fenced in yard. Upon entering into the house is the huge bonus/living area which leads straight to the formal living room. Easy access to the full bathroom and adorable kitchen downstairs. The entire home's flooring was replaced not even two years ago! The master and two other bedrooms reside upstairs, each equally well sized. Only 7 Miles from Hurlburt Field and 4 miles to Navarre Beach!

26. 2018-10-29
    soldstatus $132,000
27. 2018-07-14
    historical
28. 2018-07-11
    listed $152,988
29. 2016-02-21
    historical
30. 2015-12-14
    listed $99,000
31. 2015-09-10
    soldstatus $45,000
32. 2015-09-10
    soldstatus $45,000
33. 2015-09-10
    soldstatus $45,000
34. 2015-07-09
    listed $39,900
35. 2015-07-09
    listed $39,900
36. 2015-07-09
    listed $39,900
37. 2015-07-06
    historical
38. 2015-07-06
    historical
39. 2015-04-07
    listed $58,900
40. 2015-04-07
    listed $58,900
41. 2015-04-03
    listed $58,900
42. 1995-09-05
    listed $59,000
43. 1995-04-28
    listed $67,500

ⓘ 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: $2,834 · $236/mo
• Projected year-2 tax: $2,834 · $236/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 6/10 Major
• 🌡 Heat 10/10 Extreme 7 d/yr ≥104°F today · 23 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: $27,993
• − Mortgage interest: −$10,643
• − Property taxes: −$2,834
• − Insurance: −$950
• − Repairs & maintenance: −$2,239
• − Management: −$2,239
• − Depreciation: −$5,527
• Taxable income: $3,560
• Est. tax owed @ 24.0%: −$854
• After-tax cash flow: $5,519/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.

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

+181.5% since first listed

28 events — show timeline

• 2026-05-12 Relisted — PARMLS
• 2026-05-12 Price Changed $190,000 PARMLS
• 2026-05-01 Listing Removed — PARMLS
• 2026-04-09 Price Changed $217,500 PARMLS
• 2026-02-27 Listed $229,000 PARMLS
• 2021-01-29 Sold (Public Records) $237,000 Public Records
• 2021-01-28 Sold (MLS) $237,000 PARMLS
• 2021-01-28 Sold (MLS) $237,000 NAMLS
• 2020-10-20 Listed $229,900 NAMLS
• 2020-10-18 Listed $229,900 PARMLS
• 2018-10-29 Sold (Public Records) $132,000 Public Records
• 2018-07-14 Listing Removed — NAMLS
• 2018-07-11 Listed $152,988 NAMLS
• 2016-02-21 Listing Removed — NAMLS
• 2015-12-14 Listed $99,000 NAMLS
• 2015-09-10 Sold (MLS) $45,000 ECAR
• 2015-09-10 Sold (MLS) $45,000 NAMLS
• 2015-09-10 Sold (MLS) $45,000 WCARE
• 2015-07-09 Listed $39,900 ECAR
• 2015-07-09 Listed $39,900 NAMLS
• 2015-07-09 Listed $39,900 WCARE
• 2015-07-06 Listing Removed — NAMLS
• 2015-07-06 Listing Removed — PARMLS
• 2015-04-07 Listed $58,900 NAMLS
• 2015-04-07 Listed $58,900 ECAR
• 2015-04-03 Listed $58,900 PARMLS
• 1995-09-05 Listed $59,000 ECAR
• 1995-04-28 Listed $67,500 ECAR

Property tax history

+8.4%/yr

Latest (2025): $2,834 · +4.4% YoY. Source: county tax records.