8368 Verdura St · Navarre, FL 32566

$387,000

5 bd · 2.0 ba · 1,936 sqft · SingleFamily public records · 10 Days on market

Built 1987 0.46 ac lot Est $420k · 8% under

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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 +13.5/30.0
• ARV discount +11.0/15.0
• Schools +5.3/10.0
• DSCR +4.1/10.0
• Livability +3.5/5.0
• Rent growth +3.2/5.0
• 1% rule +2.8/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

***Deadline for highest & best from all buyers is 2PM local time Thurs. 3/23. Seller will make no repairs, buyers must agree to pay cash, or financing via renovation or conventional type loan.*** This property features vinyl exterior, covered front porch, family room with corner fireplace, kitchen with breakfast bar, large bonus room/den off of the kitchen with access to the back deck, and inside laundry room. Please note, home needs some repairs and may not qualify for all types of financing. Carpet has been removed in bedroom 1, bedroom 2, and bonus room. Employees and family members residing with employees of JPMorgan Chase Bank, N.A, its affiliates or subsidiaries are strictly prohibited from directly or indirectly purchasing any property owned by JPMorgan Chase Bank, N.A.

Key facts

• 0.46 acre lot
• Garage
• Built 1987

Property features AI

Finance

• HOA & community: Located in NAVARRE S/D 2ND ADDN

Exterior

• Parking: Attached garage with 1 garage space; Driveway with 3 spaces
• Security: Security system; Smoke detectors
• Utilities: Public water; Septic tank; Electric water heater; Electric heating controls; Central electric A/C
• Home design: Ranch-style single-story home; Built in 1987
• Construction: Frame construction with vinyl siding and trim; Composite shingle roof; County-recorded building area
• Exterior features: Private yard; Yard building; Open patio; Porch; Chain link fence; Interior lot; County road frontage (paved)

Interior

• Kitchen: Kitchen on the first floor; Dishwasher
• Bedrooms: 5 bedrooms (master bedroom on the first floor)
• Flooring: Vinyl
• Bathrooms: 2 full bathrooms; Master bathroom with tile
• Heating & cooling: Central heating; Central air conditioning; Electric heating controls
• Interior features: Breakfast bar; Vaulted ceilings; Fireplace; Newly painted; Washer/dryer hookup; Window treatments
• Laundry & utility: Washer/dryer hookup; Electric water heater

What this means for you Summary

Snapshot

• This is a 5-bed/2.0-bath single-family listed at $387k.

Deal economics

• At list price, monthly cash flow is $15 ($183/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 $303k (21.7% below list).
• Recommended offer: $303k (21.7% below list) — sets the bar for 1% rule.
• Cap rate 6.3% vs local median 4.1% 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, crime 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.
• Zoned schools: Holley-Navarre Primary (771 students, 41% FRL); Holley-Navarre Middle School (math 71% / reading 63%, grade A-, #80 of 571 statewide, top 14%, 830 students, 42% FRL); Navarre High School (math 49% / reading 58%, grade C-, #146 of 667 statewide, top 22%, 2,406 students, 30% FRL) — zoned schools at 38% FRL track the district average.
• Market conditions: Rents rising (+2.7%/yr); 769 active listings in the ZIP; 2 comparable units currently listed for rent nearby; solid renter incomes; 1,983 units permitted in Santa Rosa County in 2024 (128 in 5+ unit buildings).
• This rent runs 34% of the median local income ($106k/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 $3k of loan paydown is wiped out by about $12k 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.

Negotiation context

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 9y 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 $212k; list at $387k implies a 82% 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; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $302,989 (21.7% 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 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?
3. 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?
4. 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.
5. 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.
6. 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: 0.78% ✗
• Cap rate: 6.34%
• Cash-on-cash: 0.17%
• DSCR: 1.01
• GRM: 10.6

CMA / ARV

• ARV (on-the-fly): $420,112
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
8134 Miranda St	0.38mi	4/2.0 (-1)	1,965 (+2%)	1mo	$490,000	$249	74
2406 Frontera St St	0.51mi	4/2.5 (-1)	1,965 (+2%)	5mo	$495,000	$252	62
8169 Tavira St	0.60mi	4/2.0 (-1)	1,902 (-2%)	3mo	$499,000	$262	62
1951 Esplanade St	0.61mi	4/2.5 (-1)	1,919 (-1%)	5mo	$358,000	$187	59
8135 Mercado St	0.58mi	4/2.0 (-1)	1,865 (-4%)	5mo	$386,600	$207	57
8145 Pamplona St	0.74mi	4/2.0 (-1)	2,000 (+3%)	1mo	$410,000	$205	54
8517 High School Blvd	0.63mi	4/2.0 (-1)	2,052 (+6%)	3mo	$398,000	$194	53
8422 Lucena St	0.71mi	4/2.0 (-1)	2,047 (+6%)	4mo	$445,000	$217	49
8390 Verano St	0.53mi	4/2.5 (-1)	2,169 (+12%)	2mo	$494,950	$228	47
8501 Island Dr	0.63mi	4/2.0 (-1)	2,167 (+12%)	3mo	$399,900	$185	43
8132 Hartington Dr	0.62mi	4/3.0 (-1)	2,138 (+10%)	5mo	$385,000	$180	41
8393 Segura St	0.75mi	4/2.5 (-1)	2,169 (+12%)	4mo	$515,000	$237	35

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: -16.3%
• Equity multiple: 0.42×
• Total profit: $-62,665
• Equity at exit: $57,703

10-year hold

• IRR: -8.6%
• Equity multiple: 0.47×
• Total profit: $-57,097
• Equity at exit: $33,461

Cash invested: $108,360 (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: 769
• Price-to-rent: 10.6×

Monthly cashflow live

• Estimated rent: $3,030 medium
• Mortgage (P&I): −$2,029
• Tax from tax record: −$188 /mo · $2,252/yr
• Insurance: −$161
• HOA: −$0
• Vacancy / Maint / Mgmt: −$636
• Net cashflow: $15

Break-even live

Break-even rent $3,011

Max offer price $387,000

Occupancy floor 94%

Sensitivity live

Price	-10% $234	-5% $125	+0% $15	+5% $-94	+10% $-204
Rent	-10% $-224	-5% $-104	+0% $15	+5% $135	+10% $255
Rate	-1.0pp $210	-0.5pp $114	base $15	+0.5pp $-85	+1.0pp $-187

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: $96,750
• Closing costs: $11,610
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
8244 Torres St Navarre, FL	4.0	2.0	1692	$2,150	$1.27	25d	1	0.39mi
8249 Escola St Navarre, FL	4.0	2.0	2095	$2,690	$1.28	25d	1	0.63mi

Listing history 8 events

1. 2026-06-22
   days on market $387,000 Active 10 DOM
2. 2026-06-18
   days on market $387,000 Active 7 DOM
3. 2026-06-17
   days on market $387,000 Active 6 DOM
4. 2026-06-16
   days on market $387,000 Active 5 DOM
5. 2026-06-15
   days on market $387,000 Active 4 DOM
6. 2026-06-14
   days on market $387,000 Active 2 DOM
7. 2026-06-13
   remarks 699-char remark
8. 2026-06-13
   listed $387,000 Active 1 DOM

ⓘ 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: $2,252 · $188/mo
• Projected year-2 tax: $3,212 · $268/mo
• Expected delta: +$961/yr (+$80/mo · 42.7%)

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

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 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 · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $36,359
• − Mortgage interest: −$21,678
• − Property taxes: −$2,252
• − Insurance: −$1,935
• − Repairs & maintenance: −$2,909
• − Management: −$2,909
• − Depreciation: −$11,258
• Taxable loss: −$6,581
• Est. tax savings @ 24.0%: +$1,580
• After-tax cash flow: $1,763/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

+509.4% since first listed

6 events — show timeline

• 2026-06-11 Listed $387,000 ECAR
• 2024-08-06 Sold (Public Records) $212,500 Public Records
• 2017-04-28 Sold (MLS) $137,500 NAMLS
• 2017-03-08 Listed $136,200 NAMLS
• 1999-06-01 Sold (Public Records) $95,000 Public Records
• 1987-12-01 Sold (Public Records) $63,500 Public Records

Property tax history

+3.0%/yr

Latest (2025): $2,252 · -15.2% YoY. Source: county tax records.