697 E Long Dr · Crestview, FL 32539

$190,000

3 bd · 1.0 ba · 1,634 sqft · SingleFamily public records · 87 Days on market

Built 1970 0.26 ac lot $116/sqft · 23% below area Est $247k · 23% under ↓ 7% since listing

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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 +22.1/30.0
• ARV discount +15.0/15.0
• DSCR +7.1/10.0
• Schools +5.2/10.0
• 1% rule +4.9/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Brick 3 Bedroom, 1 Bathroom house conveniently located in the heart of Crestview~ This home has LVP flooring throughout, Eat in kitchen with living room and a large den with a fireplace~ Yard is partially fenced with chain link and there is a large shop with storage area in the backyard to store your boat, trailers & lawn equipment~~ Metal roof and partial chain link fenced back yard~

Key facts

• Large den
• Eat in kitchen
• Storage area

Tags

• EAT IN KITCHEN
• LARGE DEN
• FIREPLACE
• PARTIALLY FENCED YARD
• LARGE SHOP
• STORAGE AREA

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $190k.

Deal economics

• At list price, monthly cash flow is $307 ($4k/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 $189k (0.7% below list).
• Recommended offer: $179k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.2% 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.
• Market conditions: Rents flat; 521 active listings in the ZIP; 25 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 56% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,268 units permitted in Okaloosa County in 2024 (175 in 5+ unit buildings).
• This rent runs 30% of the median local income ($74k/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 $1k of loan paydown is wiped out by about $6k 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 87 days — a 6% lower offer ($179k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 4y ago; this cycle's ask has dropped $15k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $165k; 15% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $178,600 (6.0% below list)

Questions for the listing agent

1. It's been on market 87 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 1970 — 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 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?
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: 0.99% ✗
• Cap rate: 8.23%
• Cash-on-cash: 6.91%
• DSCR: 1.31
• GRM: 8.4

CMA / ARV

• ARV (median comp): $247,408
• List price: $190,000
• Delta: -23.20%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
308 Brannon Ct	0.37mi	3/2.5	1,672 (+2%)	3mo	$287,000	$172	70
438 Brackin St	0.38mi	3/2.0	1,562 (-4%)	6mo	$250,000	$160	66
751 E Chestnut East Ave	0.63mi	3/2.0	1,650 (+1%)	1mo	$306,000	$185	64
108 A N Rayburn St	0.47mi	4/2.0 (+1)	1,611 (-1%)	4mo	$309,900	$192	63
693 E Bowers Ave	0.56mi	3/2.0	1,579 (-3%)	5mo	$299,999	$190	60
301 Victory Ln	0.47mi	3/2.0	1,530 (-6%)	6mo	$100,000	$65	59
691 E Bowers Ave	0.57mi	3/2.0	1,579 (-3%)	9mo	$319,000	$202	56
104 Lear Ct	0.39mi	3/2.5	1,818 (+11%)	2mo	$274,900	$151	56
678 E Cobb Ave	0.56mi	3/2.0	1,579 (-3%)	11mo	$314,999	$199	55
2920 Patch Ave	0.64mi	3/2.0	1,514 (-7%)	5mo	$270,000	$178	50
104 Hampton Dr	0.60mi	3/2.0	1,426 (-13%)	9mo	$290,000	$203	40
955 Valley Rd	0.75mi	3/2.0	1,482 (-9%)	13mo	$245,000	$165	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 · 0.12% rent growth · sell at horizon

5-year hold

• IRR: -8.8%
• Equity multiple: 0.69×
• Total profit: $-16,630
• Equity at exit: $28,330

10-year hold

• IRR: -3.2%
• Equity multiple: 0.81×
• Total profit: $-10,135
• 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 32539

• Home prices YoY: -17.8%
• Rents YoY: 0.1%
• Active inventory: 521
• Price-to-rent: 8.4×

Monthly cashflow live

• Estimated rent: $1,887 high
• Mortgage (P&I): −$996
• Tax from tax record: −$108 /mo · $1,301/yr
• Insurance: −$79
• HOA: −$0
• Vacancy / Maint / Mgmt: −$396
• Net cashflow: $307

Break-even live

Break-even rent $1,499

Max offer price $190,000

Occupancy floor 79%

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
202 Wainwright Dr Crestview, FL	4.0	2.5	2002	$1,890	$0.94	21d	1	0.21mi
304 Strawbridge Dr Crestview, FL	4.0	2.0	1650	$1,850	$1.12	13d	1	0.22mi
489 Eisenhower Dr Crestview, FL	4.0	2.5	1919	$2,095	$1.09	43d	1	0.29mi
507 Eisenhower Dr Crestview, FL	3.0	2.0	1809	$2,200	$1.22	43d	1	0.31mi
812 Carlton St Crestview, FL	3.0	2.5	1393	$1,495	$1.07	21d	1	0.34mi
311 Dahlquist Dr Crestview, FL	4.0	2.5	1770	$2,050	$1.16	21d	1	0.42mi
502 Hyde Park Dr Crestview, FL	3.0	2.0	1302	$1,795	$1.38	13d	1	0.58mi
122 Hampton Dr Crestview, FL	2.0	1.5	1080	$1,195	$1.11	43d	1	0.63mi
122 Hampton Dr Unit 1 Crestview, FL	2.0	2.0	1080	$1,195	$1.11	43d	1	0.63mi
815 Valley Rd Crestview, FL	3.0	2.5	1373	$1,550	$1.13	43d	1	0.65mi
326 Dixie St Crestview, FL	3.0	1.0	1386	$1,400	$1.01	43d	1	0.81mi
821 N Brett St Crestview, FL	3.0	2.0	2131	$1,800	$0.84	43d	1	0.83mi
751 Amos St Unit B Crestview, FL	3.0	2.5	2163	$1,695	$0.78	13d	1	0.83mi
2942 Sholtz Ave Crestview, FL	3.0	2.0	1266	$1,600	$1.26	43d	1	0.90mi
498 North Ave E Unit A Crestview, FL	2.0	2.0	1081	$1,450	$1.34	43d	1	0.96mi
398 N Spring St Crestview, FL	2.0	1.0	1200	$1,300	$1.08	43d	1	1.04mi
408 Arbor Lake Dr Crestview, FL	3.0	2.5	1755	$1,900	$1.08	13d	1	1.10mi
720 Arbor Lake Dr Crestview, FL	2.0	2.5	1100	$1,400	$1.27	43d	1	1.14mi
720 Arbor Lake Dr Crestview, FL	2.0	2.5	1100	$1,375	$1.25	21d	1	1.14mi
830 Arbor Lake Dr Crestview, FL	2.0	2.5	1200	$1,400	$1.17	13d	1	1.16mi
149 Shady Ln Crestview, FL	3.0	2.0	1680	$2,000	$1.19	43d	1	1.21mi
408 Church St Crestview, FL	2.0	2.0	1086	$1,200	$1.10	43d	1	1.23mi
197 W 1st Ave Crestview, FL	3.0	2.0	1547	$2,395	$1.55	21d	1	1.27mi
816 W Walnut Ave Crestview, FL	3.0	2.0	1297	$1,595	$1.23	43d	1	1.35mi
131 Adkinson Dr Crestview, FL	4.0	1.0	1332	$1,750	$1.31	13d	1	1.41mi

Listing history 28 events

1. 2026-06-18
   days on market $190,000 Active 87 DOM
2. 2026-06-17
   days on market $190,000 Active 86 DOM
3. 2026-06-16
   days on market $190,000 Active 85 DOM
4. 2026-06-15
   days on market $190,000 Active 84 DOM
5. 2026-06-14
   days on market $190,000 Active 82 DOM
6. 2026-06-13
   days on market $190,000 Active 81 DOM
7. 2026-06-10
   days on market $190,000 Active 79 DOM
8. 2026-06-09
   days on market $190,000 Active 78 DOM
9. 2026-06-08
   days on market $190,000 Active 77 DOM
10. 2026-06-07
    days on market $190,000 Active 76 DOM
11. 2026-06-05
    days on market $190,000 Active 73 DOM
12. 2026-06-02
    days on market $190,000 Active 71 DOM
13. 2026-06-01
    days on market $190,000 Active 70 DOM
14. 2026-05-31
    days on market $190,000 Active 69 DOM
15. 2026-05-30
    days on market $190,000 Active 68 DOM
16. 2026-05-19
    price $190,000 393-char remark

    Show marketing remark (393 chars)

    Brick 3 Bedroom, 1 Bathroom house conveniently located in the heart of Crestview~ This home has LVP flooring throughout, Eat in kitchen with living room and a large den with a fireplace~ Yard is partially fenced with chain link and there is a large shop with storage area in the backyard to store your boat, trailers & lawn equipment~~ Metal roof and partial chain link fenced back yard~

17. 2026-03-23
    listed $205,000 Active 393-char remark

    Show marketing remark (393 chars)

    Brick 3 Bedroom, 1 Bathroom house conveniently located in the heart of Crestview~ This home has LVP flooring throughout, Eat in kitchen with living room and a large den with a fireplace~ Yard is partially fenced with chain link and there is a large shop with storage area in the backyard to store your boat, trailers & lawn equipment~~ Metal roof and partial chain link fenced back yard~

18. 2023-02-15
    soldstatus $165,000
19. 2023-02-09
    soldstatus $165,000 Sold 562-char remark

    Show marketing remark (562 chars)

    Back on the market due to no fault of the seller. Check out this awesome and well maintained 3 bedroom home located in Crestview Florida. This recently updated home features new LVP flooring, updated interior paint, an updated bathroom and much more. The home is nice and spacious with a huge living room and a large bonus room that can easily be converted to a 4th bedroom. The yard is a large and fenced with a shed for storage and a large metal building that is great for rvs, boats, trailers or vehicles. Check out the 3D tour! Schedule your showing today.

20. 2023-02-09
    soldstatus $165,000 Sold 562-char remark

    Show marketing remark (562 chars)

    Back on the market due to no fault of the seller. Check out this awesome and well maintained 3 bedroom home located in Crestview Florida. This recently updated home features new LVP flooring, updated interior paint, an updated bathroom and much more. The home is nice and spacious with a huge living room and a large bonus room that can easily be converted to a 4th bedroom. The yard is a large and fenced with a shed for storage and a large metal building that is great for rvs, boats, trailers or vehicles. Check out the 3D tour! Schedule your showing today.

21. 2023-01-29
    status Pending 562-char remark

    Show marketing remark (562 chars)

    Back on the market due to no fault of the seller. Check out this awesome and well maintained 3 bedroom home located in Crestview Florida. This recently updated home features new LVP flooring, updated interior paint, an updated bathroom and much more. The home is nice and spacious with a huge living room and a large bonus room that can easily be converted to a 4th bedroom. The yard is a large and fenced with a shed for storage and a large metal building that is great for rvs, boats, trailers or vehicles. Check out the 3D tour! Schedule your showing today.

22. 2023-01-29
    status Pending 562-char remark

    Show marketing remark (562 chars)

    Back on the market due to no fault of the seller. Check out this awesome and well maintained 3 bedroom home located in Crestview Florida. This recently updated home features new LVP flooring, updated interior paint, an updated bathroom and much more. The home is nice and spacious with a huge living room and a large bonus room that can easily be converted to a 4th bedroom. The yard is a large and fenced with a shed for storage and a large metal building that is great for rvs, boats, trailers or vehicles. Check out the 3D tour! Schedule your showing today.

23. 2023-01-26
    status Active 562-char remark

    Show marketing remark (562 chars)

    Back on the market due to no fault of the seller. Check out this awesome and well maintained 3 bedroom home located in Crestview Florida. This recently updated home features new LVP flooring, updated interior paint, an updated bathroom and much more. The home is nice and spacious with a huge living room and a large bonus room that can easily be converted to a 4th bedroom. The yard is a large and fenced with a shed for storage and a large metal building that is great for rvs, boats, trailers or vehicles. Check out the 3D tour! Schedule your showing today.

24. 2023-01-26
    status Active 562-char remark

    Show marketing remark (562 chars)

    Back on the market due to no fault of the seller. Check out this awesome and well maintained 3 bedroom home located in Crestview Florida. This recently updated home features new LVP flooring, updated interior paint, an updated bathroom and much more. The home is nice and spacious with a huge living room and a large bonus room that can easily be converted to a 4th bedroom. The yard is a large and fenced with a shed for storage and a large metal building that is great for rvs, boats, trailers or vehicles. Check out the 3D tour! Schedule your showing today.

25. 2023-01-19
    status Pending 562-char remark

    Show marketing remark (562 chars)

    Back on the market due to no fault of the seller. Check out this awesome and well maintained 3 bedroom home located in Crestview Florida. This recently updated home features new LVP flooring, updated interior paint, an updated bathroom and much more. The home is nice and spacious with a huge living room and a large bonus room that can easily be converted to a 4th bedroom. The yard is a large and fenced with a shed for storage and a large metal building that is great for rvs, boats, trailers or vehicles. Check out the 3D tour! Schedule your showing today.

26. 2023-01-19
    status Pending 562-char remark

    Show marketing remark (562 chars)

    Back on the market due to no fault of the seller. Check out this awesome and well maintained 3 bedroom home located in Crestview Florida. This recently updated home features new LVP flooring, updated interior paint, an updated bathroom and much more. The home is nice and spacious with a huge living room and a large bonus room that can easily be converted to a 4th bedroom. The yard is a large and fenced with a shed for storage and a large metal building that is great for rvs, boats, trailers or vehicles. Check out the 3D tour! Schedule your showing today.

27. 2022-12-19
    listed $205,000 Active 562-char remark

    Show marketing remark (562 chars)

    Back on the market due to no fault of the seller. Check out this awesome and well maintained 3 bedroom home located in Crestview Florida. This recently updated home features new LVP flooring, updated interior paint, an updated bathroom and much more. The home is nice and spacious with a huge living room and a large bonus room that can easily be converted to a 4th bedroom. The yard is a large and fenced with a shed for storage and a large metal building that is great for rvs, boats, trailers or vehicles. Check out the 3D tour! Schedule your showing today.

28. 2022-12-19
    listed $205,000 Active 562-char remark

    Show marketing remark (562 chars)

    Back on the market due to no fault of the seller. Check out this awesome and well maintained 3 bedroom home located in Crestview Florida. This recently updated home features new LVP flooring, updated interior paint, an updated bathroom and much more. The home is nice and spacious with a huge living room and a large bonus room that can easily be converted to a 4th bedroom. The yard is a large and fenced with a shed for storage and a large metal building that is great for rvs, boats, trailers or vehicles. Check out the 3D tour! Schedule your showing today.

ⓘ 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: $1,301 · $108/mo
• Projected year-2 tax: $1,577 · $131/mo
• Expected delta: +$276/yr (+$23/mo · 21.2%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥107°F today · 19 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: $22,640
• − Mortgage interest: −$10,643
• − Property taxes: −$1,301
• − Insurance: −$950
• − Repairs & maintenance: −$1,811
• − Management: −$1,811
• − Depreciation: −$5,527
• Taxable income: $597
• Est. tax owed @ 24.0%: −$143
• After-tax cash flow: $3,535/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: 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

• Census place: Crestview, FL
• 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

-7.3% since first listed

13 events — show timeline

• 2026-05-19 Price Changed $190,000 ECAR
• 2026-03-23 Listed $205,000 ECAR
• 2023-02-15 Sold (Public Records) $165,000 Public Records
• 2023-02-09 Sold (MLS) $165,000 NAMLS
• 2023-02-09 Sold (MLS) $165,000 ECAR
• 2023-01-29 Pending — ECAR
• 2023-01-29 Pending — NAMLS
• 2023-01-26 Relisted — ECAR
• 2023-01-26 Relisted — NAMLS
• 2023-01-19 Pending — NAMLS
• 2023-01-19 Pending — ECAR
• 2022-12-19 Listed $205,000 ECAR
• 2022-12-19 Listed $205,000 NAMLS

Property tax history

+1.1%/yr

Latest (2025): $1,301 · +3.2% YoY. Source: county tax records.