5320 Wright Home Pl · Crestview, FL 32539

$159,900

2 bd · 1.0 ba · 966 sqft · SingleFamily · 29 Days on market

Built 2026 Excellent condition 5,662 sqft lot Est $199k · 20% under

---

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 +18.4/30.0
• ARV discount +15.0/15.0
• DSCR +5.8/10.0
• Schools +5.2/10.0
• Condition / age +5.0/5.0
• 1% rule +4.9/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Estimated completion end June. Buyer maybe able to pick some colors. This gorgeous 2-bedroom, 1-bathroom home is designed with modern luxury and comfort in mind. From the moment you step inside, you'll be captivated by the sleek luxury vinyl plank (LVP) flooring that flows seamlessly throughout the entire home. The heart of this home is the beautifully designed kitchen, featuring: quartz or granite countertops for a sophisticated touch, stainless steel appliances, under mount sink for style and convenience, abundant natural light to enhance the space, with no HOA, you have the freedom to personalize your home and truly make it your own! Brand new lime rock road Don't miss your chance to ow

Key facts

• Under mount sink
• 5,662 sq ft lot
• 2 parking spots

Tags

• LUXURY VINYL PLANK FLOORING
• BEAUTIFULLY DESIGNED KITCHEN
• QUARTZ OR GRANITE COUNTERTOPS
• STAINLESS STEEL APPLIANCES
• UNDER MOUNT SINK
• ABUNDANT NATURAL LIGHT

Property features AI

Finance

• Financial info: Tax information available
• HOA & community: Subdivision: N/A

Exterior

• Parking: Driveway with 2 spaces
• Security: Smoke detector(s)
• Utilities: Public water; Septic tank; Electric water heater; Ceiling fans; AC - central electric
• Home design: Patio home; 1 story; Entry level: first floor; Resid Single Family zoning; Lot is cleared and level; Road frontage on a county road; Lot size about 0.13 acre
• Construction: Shake roof; Vinyl siding; Slab foundation; Built in 2026
• Exterior features: Open porch; Porch

Interior

• Kitchen: Dishwasher; Microwave; Electric water heater
• Bedrooms: 2 bedrooms (both on the first floor)
• Flooring: Vinyl flooring
• Bathrooms: 1 full bathroom (on the first floor)
• Heating & cooling: Central heating; Central air; Ceiling fans; Electric heat control
• Interior features: Newly painted; Washer/dryer hookup
• Laundry & utility: Dedicated laundry room (first floor); Washer/dryer hookup

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $160k. Condition is rated excellent.

Deal economics

• At list price, monthly cash flow is $149 ($2k/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 $159k (0.8% below list).
• Recommended offer: $158k (1.5% below list) — sets the bar for market timing.
• Cap rate 7.4% vs local median 4.4% in Crestview — 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 75/100 on livability (#252 in FL, #3,858 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: employment D, amenities F, commute 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.
• Zoned schools: Northwood Elementary School (math 63% / reading 56%, grade B-, #690 of 2,144 statewide, top 34%, 828 students, 63% FRL); Crestview High School (math 49% / reading 54%, grade D+, #167 of 667 statewide, top 25%, 2,315 students, 42% FRL) — zoned schools average 53% FRL vs 36% district-wide (17 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents flat; 526 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 1,268 units permitted in Okaloosa County in 2024 (175 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 $5k 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 29 days — a 2% lower offer ($158k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 6→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $157,501 (1.5% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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.
4. 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.
5. 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: 0.99% ✗
• Cap rate: 7.41%
• Cash-on-cash: 3.98%
• DSCR: 1.18
• GRM: 8.4

CMA / ARV

• ARV (on-the-fly): $198,996
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5356 Highview Dr	0.36mi	2/2.0	971 (+0%)	1mo	$213,000	$219	78
5435 Bayleaf Dr	0.44mi	2/2.0	966 (0%)	4mo	$189,900	$197	72
5433 Bayleaf Dr	0.52mi	2/2.0	966 (0%)	0mo	$179,900	$186	72
5654 Falcon Way	0.54mi	2/1.0	966 (0%)	4mo	$155,000	$160	71
5369 Highview Dr	0.41mi	2/2.0	971 (+0%)	7mo	$219,900	$226	70
5360 Highview Dr	0.41mi	2/2.0	971 (+0%)	9mo	$222,600	$229	68
5375 Highview Dr	0.41mi	2/2.0	971 (+0%)	11mo	$219,900	$226	67
5439 Bayleaf Dr	0.50mi	2/2.0	966 (0%)	7mo	$199,900	$207	67
4658 Falcon Way	0.55mi	2/1.0	966 (0%)	9mo	$174,900	$181	67
5441 Bayleaf Dr	0.51mi	2/2.0	966 (0%)	8mo	$189,900	$197	65
4610 Bobolink Way	0.68mi	2/2.0	971 (+0%)	2mo	$194,900	$201	61
4608 Bobolink Way	0.69mi	2/2.0	971 (+0%)	4mo	$199,900	$206	60

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 · 0.12% rent growth · sell at horizon

5-year hold

• IRR: -13.3%
• Equity multiple: 0.53×
• Total profit: $-20,895
• Equity at exit: $23,842

10-year hold

• IRR: -9.7%
• Equity multiple: 0.48×
• Total profit: $-23,229
• Equity at exit: $13,825

Cash invested: $44,772 (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 32539

• Home prices YoY: -17.8%
• Rents YoY: 0.1%
• Active inventory: 526
• Price-to-rent: 8.4×

Monthly cashflow live

• Estimated rent: $1,587 medium
• Mortgage (P&I): −$839
• Tax est. 1.5%: −$200 /mo · $2,398/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$333
• Net cashflow: $149

Break-even live

Break-even rent $1,399

Max offer price $159,900

Occupancy floor 86%

Sensitivity live

Price	-10% $259	-5% $204	+0% $149	+5% $93	+10% $38
Rent	-10% $23	-5% $86	+0% $149	+5% $211	+10% $274
Rate	-1.0pp $229	-0.5pp $189	base $149	+0.5pp $107	+1.0pp $65

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: $39,975
• Closing costs: $4,797
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5654 Falcon Way Crestview, FL	2.0	1.0	966	$1,560	$1.61	45d	1	0.54mi

Listing history 18 events

1. 2026-06-21
   days on market $159,900 Active 29 DOM
2. 2026-06-18
   days on market $159,900 Active 26 DOM
3. 2026-06-17
   days on market $159,900 Active 25 DOM
4. 2026-06-16
   price $159,900 Active 24 DOM
5. 2026-06-16
   days on market $164,900 Active 24 DOM
6. 2026-06-15
   days on market $164,900 Active 23 DOM
7. 2026-06-14
   days on market $164,900 Active 21 DOM
8. 2026-06-13
   days on market $164,900 Active 20 DOM
9. 2026-06-10
   days on market $164,900 Active 18 DOM
10. 2026-06-09
    days on market $164,900 Active 17 DOM
11. 2026-06-08
    days on market $164,900 Active 16 DOM
12. 2026-06-07
    days on market $164,900 Active 15 DOM
13. 2026-06-05
    days on market $164,900 Active 12 DOM
14. 2026-06-02
    days on market $164,900 Active 10 DOM
15. 2026-06-01
    days on market $164,900 Active 9 DOM
16. 2026-05-31
    days on market $164,900 Active 8 DOM
17. 2026-05-30
    days on market $164,900 Active 7 DOM
18. 2026-05-23
    listed $164,900 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 8/10 Severe 6 d/yr ≥107°F today · 17 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 · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,042
• − Mortgage interest: −$8,957
• − Property taxes: −$2,398
• − Insurance: −$800
• − Repairs & maintenance: −$1,523
• − Management: −$1,523
• − Depreciation: −$4,652
• Taxable loss: −$811
• Est. tax savings @ 24.0%: +$195
• After-tax cash flow: $1,977/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 · 20 photos

Excellent 100/100 None rehab

This move-in-ready home features modern luxury with new flooring, kitchen, and exterior. It's in excellent condition with no visible repairs needed.

Value-add opportunities

• Resale Painting — Fresh paint can enhance curb appeal and interior aesthetics
• Rental Landscaping — Well-maintained landscaping can attract tenants
• Both Add a small rug — A small rug can add comfort and style to the living room

Renovation cost estimate screening

Value-add ROI direction

• Resale Painting — Fresh paint can enhance curb appeal and interior aesthetics ↑
• Rental Landscaping — Well-maintained landscaping can attract tenants ↑
• Both Add a small rug — A small rug can add comfort and style to the living room ↑

ⓘ 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: 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 — Crestview

• Score: 75/100
• State rank: #252
• US rank: #3858

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Okaloosa County · 194,352 people
• City population: 58,889
• Metro: Crestview-Fort Walton Beach-Destin, FL
• Population (ZIP): 33,290
• Household income: $74,369
• Rent vs Own: 21.7% rent · 78.3% own
• Severe rent burden: 371.0

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: Predominantly White (73%)
• Race & ethnicity: White 73% Black 12% Two or more races 8% Hispanic / Latino 7% Asian 1%
• Hispanic origin (detail): Mexican 3% Puerto Rican 2%
• Common ancestry: Lithuanian 4% Iranian 2% Romanian 2%
• Foreign-born: 3% · Canada
• Languages at home: 94% English-only · Spanish 3% Russian/Polish/Slavic 1% Other Asian/Pacific 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: ▼ -56.52%
• Current HPI: 261.1557
• Rent YoY: ▲ 0.12%
• 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

1 event — show timeline

• 2026-05-23 Listed $164,900 ECAR