19 Wood Ave · Parker, FL 32404

$239,000

3 bd · 1.0 ba · 1,432 sqft · SingleFamily public records · 85 Days on market

Built 1955 9,365 sqft lot $167/sqft · 6% below area Est $256k · 6% 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 +19.4/30.0
• ARV discount +10.4/15.0
• DSCR +6.1/10.0
• 1% rule +4.6/10.0
• Schools +4.3/10.0
• Livability +3.2/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to comfortable Florida living in a convenient Panama City location. This charming 3 bedroom, 1 bathroom concrete block home offers durability, comfort, and endless potential in a desirable area close to everything you need. With easy access to East Bay and a nearby public boat ramp, this property is perfect for those who enjoy boating, fishing, and spending time outdoors. The generously sized lot provides plenty of space for outdoor entertaining, storage, parking for boats or trailers, or future improvements. Whether you are looking for a primary residence, vacation getaway, or investment opportunity, this home offers a great combination of location, convenience, and Florida lifestyle.

Key facts

• Generously sized lot
• Conveniently located
• 9,365 sq ft lot

Tags

• CONVENIENTLY LOCATED
• CLOSE PROXIMITY TO WORK
• EASY ACCESS TO EAST BAY
• NEARBY PUBLIC BOAT RAMP
• SPACE FOR OUTDOOR LIVING
• GENEROUSLY SIZED LOT

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $239k.

Deal economics

• At list price, monthly cash flow is $265 ($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 $230k (3.6% below list).
• Recommended offer: $225k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 63/100 on livability (#704 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: crime C-, schools F, amenities F.
• Bay (suburban): math 51% / reading 51% proficiency, ranked #29 of 73 in FL (top 40%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising (+1.1%/yr); 969 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 2,473 units permitted in Bay County in 2024 (559 in 5+ unit buildings).
• This rent runs 37% of the median local income ($75k/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 $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Bay County population projected at +24% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 85 days — a 6% lower offer ($225k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 21y ago 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 $200k; 20% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1955 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $224,660 (6.0% below list)

Questions for the listing agent

1. It's been on market 85 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1955 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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 F-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. 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.
7. 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.
8. 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: 0.96% ✗
• Cap rate: 7.62%
• Cash-on-cash: 4.75%
• DSCR: 1.21
• GRM: 8.6

CMA / ARV

• ARV (median comp): $255,591
• List price: $239,000
• Delta: -6.49%
• Verdict: FAIR
• Comps: 8 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 1.12% rent growth · sell at horizon

5-year hold

• IRR: -10.9%
• Equity multiple: 0.61×
• Total profit: $-26,156
• Equity at exit: $35,636

10-year hold

• IRR: -4.5%
• Equity multiple: 0.73×
• Total profit: $-18,047
• Equity at exit: $20,664

Cash invested: $66,920 (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 32404

• Home prices YoY: -16.1%
• Rents YoY: 1.1%
• Active inventory: 969
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $2,303 medium
• Mortgage (P&I): −$1,253
• Tax from tax record: −$201 /mo · $2,418/yr
• Insurance: −$100
• HOA: −$0
• Vacancy / Maint / Mgmt: −$484
• Net cashflow: $265

Break-even live

Break-even rent $1,968

Max offer price $239,000

Occupancy floor 84%

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: $59,750
• Closing costs: $7,170
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6600 Oakshore Dr Panama City, FL	1.0–3.0	1.0–2.0	1002	$2,325	$2.32	13d	57	0.07mi
1128 S Gay Ave Lot 86 Panama City, FL	3.0	2.0	1216	$94,995	$78.12	21d	1	1.24mi
1128 S Gay Ave Lot N Panama City, FL	3.0	2.0	924	$40,000	$43.29	21d	1	1.24mi
1128 S Gay Ave Lot 56 Panama City, FL	3.0	1.5	1216	$35,000	$28.78	21d	1	1.24mi
1128 S Gay Ave Lot V Panama City, FL	3.0	2.0	1152	$30,000	$26.04	21d	1	1.24mi
1128 S Gay Ave Lot 146 Panama City, FL	3.0	2.0	1536	$20,000	$13.02	21d	1	1.24mi
4480 E Highway 98 Panama City, FL	2.0	1.0	972	$1,250	$1.29	21d	1	1.39mi
4480 East Highway 98 Unit 1 Panama City, FL	2.0	1.5	972	$1,250	$1.29	21d	1	1.39mi

Listing history 43 events

1. 2026-06-19
   days on market $239,000 Active 85 DOM
2. 2026-06-18
   days on market $239,000 Active 84 DOM
3. 2026-06-17
   days on market $239,000 Active 83 DOM
4. 2026-06-16
   days on market $239,000 Active 82 DOM
5. 2026-06-15
   days on market $239,000 Active 81 DOM
6. 2026-06-14
   days on market $239,000 Active 79 DOM
7. 2026-06-13
   days on market $239,000 Active 78 DOM
8. 2026-06-10
   days on market $239,000 Active 76 DOM
9. 2026-06-09
   days on market $239,000 Active 75 DOM
10. 2026-06-08
    days on market $239,000 Active 74 DOM
11. 2026-06-07
    days on market $239,000 Active 73 DOM
12. 2026-06-05
    days on market $239,000 Active 70 DOM
13. 2026-06-03
    days on market $239,000 Active 69 DOM
14. 2026-06-02
    days on market $239,000 Active 68 DOM
15. 2026-06-01
    days on market $239,000 Active 67 DOM
16. 2026-05-31
    pricedays on market $239,000 Active 66 DOM
17. 2026-05-30
    days on market $239,900 Active 65 DOM
18. 2026-05-16
    price $239,900 702-char remark

    Show marketing remark (702 chars)

    Welcome to comfortable Florida living in a convenient Panama City location. This charming 3 bedroom, 1 bathroom concrete block home offers durability, comfort, and endless potential in a desirable area close to everything you need. With easy access to East Bay and a nearby public boat ramp, this property is perfect for those who enjoy boating, fishing, and spending time outdoors. The generously sized lot provides plenty of space for outdoor entertaining, storage, parking for boats or trailers, or future improvements. Whether you are looking for a primary residence, vacation getaway, or investment opportunity, this home offers a great combination of location, convenience, and Florida lifestyle.

19. 2026-04-08
    price $240,000 702-char remark

    Show marketing remark (702 chars)

    Welcome to comfortable Florida living in a convenient Panama City location. This charming 3 bedroom, 1 bathroom concrete block home offers durability, comfort, and endless potential in a desirable area close to everything you need. With easy access to East Bay and a nearby public boat ramp, this property is perfect for those who enjoy boating, fishing, and spending time outdoors. The generously sized lot provides plenty of space for outdoor entertaining, storage, parking for boats or trailers, or future improvements. Whether you are looking for a primary residence, vacation getaway, or investment opportunity, this home offers a great combination of location, convenience, and Florida lifestyle.

20. 2026-03-26
    listed $250,000 Active 702-char remark

    Show marketing remark (702 chars)

    Welcome to comfortable Florida living in a convenient Panama City location. This charming 3 bedroom, 1 bathroom concrete block home offers durability, comfort, and endless potential in a desirable area close to everything you need. With easy access to East Bay and a nearby public boat ramp, this property is perfect for those who enjoy boating, fishing, and spending time outdoors. The generously sized lot provides plenty of space for outdoor entertaining, storage, parking for boats or trailers, or future improvements. Whether you are looking for a primary residence, vacation getaway, or investment opportunity, this home offers a great combination of location, convenience, and Florida lifestyle.

21. 2023-03-29
    soldstatus $200,000 Closed 686-char remark

    Show marketing remark (686 chars)

    'CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS' LOCATION! Imagine yourself so close to work but also so close to play areas and shopping! This 3-bedroom 1-bathroom home is constructed of the much sought after concrete block and they rarely come onto market in this area. Located very near Tyndall AFB, East Bay and is very close to water. Enjoy the very nearby Earl Gilbert Park, complete with play area, boat dock and ramp. Significant improvements have been made to this home, including a new roof in 2019, new HVAC, remodeled down to the studs, new flooring, new fencing and a backyard shed. Newer appliances including a brand-new refrigerator. Move in and enjoy!

22. 2023-03-29
    soldstatus $200,000 Sold

    Show marketing remark (686 chars)

    'CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS' LOCATION! Imagine yourself so close to work but also so close to play areas and shopping! This 3-bedroom 1-bathroom home is constructed of the much sought after concrete block and they rarely come onto market in this area. Located very near Tyndall AFB, East Bay and is very close to water. Enjoy the very nearby Earl Gilbert Park, complete with play area, boat dock and ramp. Significant improvements have been made to this home, including a new roof in 2019, new HVAC, remodeled down to the studs, new flooring, new fencing and a backyard shed. Newer appliances including a brand-new refrigerator. Move in and enjoy!

23. 2023-03-29
    soldstatus $200,000 Sold

    Show marketing remark (686 chars)

    'CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS' LOCATION! Imagine yourself so close to work but also so close to play areas and shopping! This 3-bedroom 1-bathroom home is constructed of the much sought after concrete block and they rarely come onto market in this area. Located very near Tyndall AFB, East Bay and is very close to water. Enjoy the very nearby Earl Gilbert Park, complete with play area, boat dock and ramp. Significant improvements have been made to this home, including a new roof in 2019, new HVAC, remodeled down to the studs, new flooring, new fencing and a backyard shed. Newer appliances including a brand-new refrigerator. Move in and enjoy!

24. 2023-02-28
    status Pending

    Show marketing remark (686 chars)

    'CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS' LOCATION! Imagine yourself so close to work but also so close to play areas and shopping! This 3-bedroom 1-bathroom home is constructed of the much sought after concrete block and they rarely come onto market in this area. Located very near Tyndall AFB, East Bay and is very close to water. Enjoy the very nearby Earl Gilbert Park, complete with play area, boat dock and ramp. Significant improvements have been made to this home, including a new roof in 2019, new HVAC, remodeled down to the studs, new flooring, new fencing and a backyard shed. Newer appliances including a brand-new refrigerator. Move in and enjoy!

25. 2023-02-28
    status Pending

    Show marketing remark (686 chars)

    'CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS' LOCATION! Imagine yourself so close to work but also so close to play areas and shopping! This 3-bedroom 1-bathroom home is constructed of the much sought after concrete block and they rarely come onto market in this area. Located very near Tyndall AFB, East Bay and is very close to water. Enjoy the very nearby Earl Gilbert Park, complete with play area, boat dock and ramp. Significant improvements have been made to this home, including a new roof in 2019, new HVAC, remodeled down to the studs, new flooring, new fencing and a backyard shed. Newer appliances including a brand-new refrigerator. Move in and enjoy!

26. 2023-02-28
    historical Active Under Contract 686-char remark

    Show marketing remark (686 chars)

    'CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS' LOCATION! Imagine yourself so close to work but also so close to play areas and shopping! This 3-bedroom 1-bathroom home is constructed of the much sought after concrete block and they rarely come onto market in this area. Located very near Tyndall AFB, East Bay and is very close to water. Enjoy the very nearby Earl Gilbert Park, complete with play area, boat dock and ramp. Significant improvements have been made to this home, including a new roof in 2019, new HVAC, remodeled down to the studs, new flooring, new fencing and a backyard shed. Newer appliances including a brand-new refrigerator. Move in and enjoy!

27. 2023-02-27
    listed $199,900 Active

    Show marketing remark (686 chars)

    'CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS' LOCATION! Imagine yourself so close to work but also so close to play areas and shopping! This 3-bedroom 1-bathroom home is constructed of the much sought after concrete block and they rarely come onto market in this area. Located very near Tyndall AFB, East Bay and is very close to water. Enjoy the very nearby Earl Gilbert Park, complete with play area, boat dock and ramp. Significant improvements have been made to this home, including a new roof in 2019, new HVAC, remodeled down to the studs, new flooring, new fencing and a backyard shed. Newer appliances including a brand-new refrigerator. Move in and enjoy!

28. 2023-02-27
    listed $199,900 Active 686-char remark

    Show marketing remark (686 chars)

    'CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS' LOCATION! Imagine yourself so close to work but also so close to play areas and shopping! This 3-bedroom 1-bathroom home is constructed of the much sought after concrete block and they rarely come onto market in this area. Located very near Tyndall AFB, East Bay and is very close to water. Enjoy the very nearby Earl Gilbert Park, complete with play area, boat dock and ramp. Significant improvements have been made to this home, including a new roof in 2019, new HVAC, remodeled down to the studs, new flooring, new fencing and a backyard shed. Newer appliances including a brand-new refrigerator. Move in and enjoy!

29. 2023-02-27
    listed $199,900 Active

    Show marketing remark (686 chars)

    'CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS' LOCATION! Imagine yourself so close to work but also so close to play areas and shopping! This 3-bedroom 1-bathroom home is constructed of the much sought after concrete block and they rarely come onto market in this area. Located very near Tyndall AFB, East Bay and is very close to water. Enjoy the very nearby Earl Gilbert Park, complete with play area, boat dock and ramp. Significant improvements have been made to this home, including a new roof in 2019, new HVAC, remodeled down to the studs, new flooring, new fencing and a backyard shed. Newer appliances including a brand-new refrigerator. Move in and enjoy!

30. 2021-12-14
    historical
31. 2021-12-14
    historical
32. 2017-01-23
    soldstatus $89,000
33. 2017-01-20
    soldstatus $89,000
34. 2016-08-30
    listed $89,000
35. 2013-10-31
    soldstatus $49,000
36. 2013-10-30
    soldstatus $49,000
37. 2013-02-05
    listed $49,900
38. 2006-10-24
    listed $209,000
39. 2005-08-30
    soldstatus $157,500
40. 2005-06-08
    listed $169,000
41. 2000-09-29
    soldstatus $68,000
42. 1995-06-01
    soldstatus $62,000
43. 1995-04-01
    soldstatus $36,000

ⓘ 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: $2,418 · $201/mo
• Projected year-2 tax: $2,418 · $201/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Taxation est. · year 1

• Rental income: $27,636
• − Mortgage interest: −$13,388
• − Property taxes: −$2,418
• − Insurance: −$1,195
• − Repairs & maintenance: −$2,211
• − Management: −$2,211
• − Depreciation: −$6,953
• Taxable loss: −$739
• Est. tax savings @ 24.0%: +$177
• After-tax cash flow: $3,357/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: Bay
• NCES district ID: 1200090
• Math proficiency: 51% ▼ -8.00%
• Reading proficiency: 51% ▼ -7.00%
• Median HH income: $47,740
• Composite: 43.41/100
• National rank: #3014
• State rank: #29 of 73 in FL

Livability — Parker

• Score: 63/100
• State rank: #704
• US rank: #14956

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Parker, FL
• County: Bay County · 163,593 people
• Metro: Panama City, FL
• Population (ZIP): 42,514
• Household income: $74,708
• Rent vs Own: 30.8% rent · 69.2% own
• Severe rent burden: 1218.0

Population outlook (Bay County) Hauer SSP2

• Today (2025): 206,264 people
• By 2030: 217,740 · +5.6%
• By 2040: 238,738 · +15.7%
• By 2050: 255,545 · +23.9%
• By 2075: 288,295 · +39.8%
• By 2100: 288,638 · +39.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (69%)
• Race & ethnicity: White 69% Black 12% Two or more races 10% Hispanic / Latino 9% Asian 3%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3%
• Common ancestry: Lithuanian 3% Slovak 2% Italian 2%
• Foreign-born: 7% · Canada, Vietnam, Mexico
• Languages at home: 90% English-only · Spanish 6% Vietnamese 1% Other Asian/Pacific 1%

Political lean MEDSL · Bay

• 2024 margin: Solid R (+47.4) · D 25.8% · R 73.1% · Other 1.1%
• 2008→2024 swing: -6.6pp toward R · 2008: -40.7pp · 2024: -47.4pp
• All cycles: 2024: R+47.4 2020: R+43.5 2016: R+46.3 2012: R+43.6 2008: R+40.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -50.59%
• Current HPI: 263.7178
• Rent YoY: ▲ 1.12%
• Metro: Panama City, 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

+566.4% since first listed

26 events — show timeline

• 2026-05-16 Price Changed $239,900 CPARMLS
• 2026-04-08 Price Changed $240,000 CPARMLS
• 2026-03-26 Listed $250,000 CPARMLS
• 2023-03-29 Sold (MLS) $200,000 ECAR
• 2023-03-29 Sold (MLS) $200,000 NAMLS
• 2023-03-29 Sold (MLS) $200,000 CPARMLS
• 2023-02-28 Pending — NAMLS
• 2023-02-28 Pending — ECAR
• 2023-02-28 Contingent — CPARMLS
• 2023-02-27 Listed $199,900 ECAR
• 2023-02-27 Listed $199,900 NAMLS
• 2023-02-27 Listed $199,900 CPARMLS
• 2021-12-14 Listing Removed — CPARMLS
• 2021-12-14 Listing Removed — CPARMLS
• 2017-01-23 Sold (Public Records) $89,000 Public Records
• 2017-01-20 Sold (MLS) $89,000 CPARMLS
• 2016-08-30 Listed $89,000 CPARMLS
• 2013-10-31 Sold (Public Records) $49,000 Public Records
• 2013-10-30 Sold (MLS) $49,000 CPARMLS
• 2013-02-05 Listed $49,900 CPARMLS
• 2006-10-24 Listed $209,000 CPARMLS
• 2005-08-30 Sold (Public Records) $157,500 Public Records
• 2005-06-08 Listed $169,000 CPARMLS
• 2000-09-29 Sold (Public Records) $68,000 Public Records
• 1995-06-01 Sold (Public Records) $62,000 Public Records
• 1995-04-01 Sold (Public Records) $36,000 Public Records

Property tax history

+11.4%/yr

Latest (2025): $2,418 · +4.7% YoY. Source: county tax records.