9878 Jonquil Cir · Navarre, FL 32566

$83,000

2 bd · 2.0 ba · 1,120 sqft · Other · 3 Days on market

Good condition

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +5.3/10.0
• Condition / age +3.8/5.0
• Livability +3.5/5.0
• Rent growth +3.2/5.0
• Appreciation +0.0/10.0

Listing remarks

Double wide mobile home , two bedroom , two bath. Walk in closets. Walk in shower. Open floor plan. Large Sunroom. Two outside decks. All new appliances , including washer and dryer , purchased in 2025 are included in the sale. New kitchen cabinets with corian countertops. New furnace and air in 2025. Large private shaded maintenance free backyard with storage shed. Metal roof and carport. This is a fifty five and over mobile home park community. Lot rent is $798 which includes use of a clubhouse and swimming pool. Any perspective, buyer will have to apply at the main office before moving in. Please call for your appointment to view this home. 810 537 2667.

Key facts

• Open floor plan
• Large sunroom
• Two outside decks

Tags

• WALK IN CLOSETS
• WALK IN SHOWER
• OPEN FLOOR PLAN
• LARGE SUNROOM
• TWO OUTSIDE DECKS
• NEW KITCHEN CABINETS

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath other listed at $83k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $1k ($12k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $83k).
• Cap rate 20.9% 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; 12 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 $574 of loan paydown is wiped out by about $2k 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 $23k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.

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 $83,000

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. 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: 2.42% ✓
• Cap rate: 20.92%
• Cash-on-cash: 52.25%
• DSCR: 3.32
• GRM: 3.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.74% rent growth · sell at horizon

5-year hold

• IRR: 49.9%
• Equity multiple: 3.17×
• Total profit: $50,505
• Equity at exit: $12,376

10-year hold

• IRR: 55.3%
• Equity multiple: 6.38×
• Total profit: $124,951
• Equity at exit: $7,176

Cash invested: $23,240 (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: 3.4×

Monthly cashflow live

• Estimated rent: $2,007 high
• Mortgage (P&I): −$435
• Tax est. 1.5%: −$104 /mo · $1,245/yr
• Insurance: −$35
• HOA: −$0
• Vacancy / Maint / Mgmt: −$421
• Net cashflow: $1,012

Break-even live

Break-even rent $726

Max offer price $83,000

Occupancy floor 45%

Sensitivity live

Price	-10% $1,069	-5% $1,041	+0% $1,012	+5% $983	+10% $955
Rent	-10% $853	-5% $933	+0% $1,012	+5% $1,091	+10% $1,170
Rate	-1.0pp $1,054	-0.5pp $1,033	base $1,012	+0.5pp $990	+1.0pp $969

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: $20,750
• Closing costs: $2,490
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2164 Wind Trace Rd N Navarre, FL	3.0	2.0	1463	$2,040	$1.39	14d	1	0.19mi
2164 Wind Trace Rd N Navarre, FL	3.0	2.0	1463	$2,040	$1.39	24d	1	0.19mi
2040 Falconhurst Pl Unit 2040 Navarre, FL	3.0	2.0	990	$2,800	$2.83	24d	1	0.27mi
2170 Tom St Navarre, FL	3.0	2.0	1400	$1,750	$1.25	24d	1	0.34mi
2127 Tom St Unit 2127 Navarre, FL	3.0	2.5	1400	$1,750	$1.25	24d	1	0.41mi
2123 Tom St Navarre, FL	3.0	2.0	1400	$1,900	$1.36	24d	1	0.41mi
2189 Jeannie St Navarre, FL	2.0	2.0	1000	$1,650	$1.65	24d	1	0.42mi
2154 Whispering Pines Blvd Unit 3 Navarre, FL	2.0	2.0	1100	$1,600	$1.45	24d	1	0.67mi
2154 Whispering Pines Blvd Unit 3 Navarre, FL	2.0	2.0	1100	$1,600	$1.45	14d	1	0.67mi
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	1.16mi
324 Michael Cir Mary Esther, FL	2.0	1.0	1000	$1,350	$1.35	44d	1	1.44mi

Listing history 4 events

1. 2026-06-18
   days on market $83,000 Active 3 DOM
2. 2026-06-17
   days on market $83,000 Active 2 DOM
3. 2026-06-15
   remarks 667-char remark
4. 2026-06-15
   listed $83,000 Active 1 DOM

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

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: $24,083
• − Mortgage interest: −$4,649
• − Property taxes: −$1,245
• − Insurance: −$415
• − Repairs & maintenance: −$1,927
• − Management: −$1,927
• − Depreciation: −$2,415
• Taxable income: $11,506
• Est. tax owed @ 24.0%: −$2,761
• After-tax cash flow: $9,381/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 · 1 photo

Good 75/100 Cosmetic rehab

This mobile home is in good condition with recent updates, including new cabinets and appliances. It has a good foundation and systems, but some interior painting and landscaping would enhance its curb appeal and value.

Value-add opportunities

• Both Paint interior walls — Fresh paint enhances curb appeal and interior aesthetics
• Both Landscaping — Landscaping improves curb appeal and adds value
• Both Replace countertops — Corian countertops are durable but may need replacement for a more modern look

Renovation cost estimate screening

Value-add ROI direction

• Both Paint interior walls — Fresh paint enhances curb appeal and interior aesthetics ↑
• Both Landscaping — Landscaping improves curb appeal and adds value ↑
• Both Replace countertops — Corian countertops are durable but may need replacement for a more modern look ↑

ⓘ 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: 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

1 event — show timeline

• 2026-06-16 Listed $83,000 FSBO.com