2763 Oakridge Rd · DeFuniak Springs, FL 32433

$230,000

4 bd · 2.0 ba · 1,200 sqft · Manufactured public records · 19 Days on market

Built 2008 0.78 ac lot

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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 +15.3/30.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• Schools +5.2/10.0
• DSCR +4.7/10.0
• 1% rule +3.2/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Affordable home in DeFuniak Springs! Built in 2008 there are 4 bedrooms, 2 baths, porch areas & there is a metal workshop on the property with almost an acre to live on. The home needs some TLC. Located very close to Juniper Lake, Lake Stanley Park and the DeFuniak Springs Recreation Complex. Home is completely handicap accessible. All details to be verified by buyer.

Key facts

• Nearly an acre
• Metal hangar
• Easy i-10 access

Tags

• NEARLY AN ACRE
• METAL HANGAR
• EASY I-10 ACCESS

Property features AI

Finance

• HOA & community: Subdivision: Unrecorded Subdivision

Exterior

• Utilities: Public water; Public sewer; Electric service
• Home design: Single-story ranch-style home; Built in 2008
• Construction: Concrete and vinyl siding with vinyl trim; Composite shingle roof; Appraiser-reported building area
• Exterior features: Yard building; Lot is cleared and level; County road frontage with paved road access

Interior

• Bedrooms: 4 bedrooms; Master bedroom on the first floor; All bedrooms located on the first floor
• Flooring: Vinyl flooring
• Bathrooms: 2 bathrooms (both full)
• Heating & cooling: Central heating; Central air conditioning; Electric heat controls
• Interior features: Newly painted; Washer/dryer hookup; Electric water heater
• Laundry & utility: Washer/dryer hookup; Electric water heater

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath manufactured listed at $230k.

Deal economics

• At list price, monthly cash flow is $86 ($1k/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 $188k (18.4% below list).
• Recommended offer: $188k (18.4% below list) — sets the bar for 1% rule.
• Cap rate 6.7% vs local median 4.8% in DeFuniak Springs — 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 64/100 on livability (#694 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: health & safety C-, crime D, amenities F.
• Walton (rural): math 62% / reading 61% proficiency, ranked #10 of 73 in FL (top 14%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: West Defuniak Elementary School (math 67% / reading 57%, grade B, #608 of 2,144 statewide, top 29%, 669 students, 69% FRL); Walton High School (math 52% / reading 53%, grade C-, #154 of 667 statewide, top 24%, 856 students, 65% FRL) — zoned schools average 67% FRL vs 48% district-wide (19 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 423 active listings in the ZIP; 2,883 units permitted in Walton County in 2024 (1,322 in 5+ unit buildings).

Forward outlook

• In year one you build about $25k of equity ($2k loan paydown + $23k appreciation (10.0% local appreciation)).
• Walton County population projected at +46% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $64k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$40k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 19 days — a 2% lower offer ($227k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts 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 $132k; list at $230k implies a 74% 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; moderate wildfire risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $187,787 (18.4% 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 D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
3. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
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: 0.82% ✗
• Cap rate: 6.74%
• Cash-on-cash: 1.59%
• DSCR: 1.07
• GRM: 10.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 25.4%
• Equity multiple: 3.03×
• Total profit: $130,621
• Equity at exit: $207,202

10-year hold

• IRR: 22.4%
• Equity multiple: 6.90×
• Total profit: $380,196
• Equity at exit: $446,839

Cash invested: $64,400 (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 32433

• Home prices YoY: 4.2%
• Active inventory: 423
• Price-to-rent: 10.2×

Monthly cashflow live

• Estimated rent: $1,878 medium
• Mortgage (P&I): −$1,206
• Tax from tax record: −$96 /mo · $1,152/yr
• Insurance: −$96
• HOA: −$0
• Vacancy / Maint / Mgmt: −$394
• Net cashflow: $86

Break-even live

Break-even rent $1,770

Max offer price $230,000

Occupancy floor 90%

Sensitivity live

Price	-10% $216	-5% $151	+0% $86	+5% $20	+10% $-45
Rent	-10% $-63	-5% $11	+0% $86	+5% $160	+10% $234
Rate	-1.0pp $201	-0.5pp $144	base $86	+0.5pp $26	+1.0pp $-35

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: $57,500
• Closing costs: $6,900
• Reserves months: —
• Total cash needed: —

Listing history 14 events

1. 2026-06-21
   days on market $230,000 Active 19 DOM
2. 2026-06-18
   days on market $230,000 Active 16 DOM
3. 2026-06-17
   days on market $230,000 Active 15 DOM
4. 2026-06-16
   days on market $230,000 Active 14 DOM
5. 2026-06-15
   days on market $230,000 Active 13 DOM
6. 2026-06-14
   days on market $230,000 Active 11 DOM
7. 2026-06-13
   days on market $230,000 Active 10 DOM
8. 2026-06-10
   days on market $230,000 Active 8 DOM
9. 2026-06-09
   days on market $230,000 Active 7 DOM
10. 2026-06-08
    days on market $230,000 Active 6 DOM
11. 2026-06-07
    days on market $230,000 Active 5 DOM
12. 2026-06-05
    days on market $230,000 Active 2 DOM
13. 2026-06-03
    remarks 699-char remark
14. 2026-06-03
    listed $230,000 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: $1,152 · $96/mo
• Projected year-2 tax: $1,909 · $159/mo
• Expected delta: +$757/yr (+$63/mo · 65.7%)

ⓘ 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 5/10 Major
• 🌡 Heat 9/10 Extreme 7 d/yr ≥107°F today · 20 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,534
• − Mortgage interest: −$12,884
• − Property taxes: −$1,152
• − Insurance: −$1,150
• − Repairs & maintenance: −$1,803
• − Management: −$1,803
• − Depreciation: −$6,691
• Taxable loss: −$2,948
• Est. tax savings @ 24.0%: +$708
• After-tax cash flow: $1,734/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: Walton
• NCES district ID: 1201980
• Math proficiency: 62% ▼ -4.00%
• Reading proficiency: 61% ▼ -2.00%
• Median HH income: $46,794
• Composite: 52.03/100
• National rank: #1634
• State rank: #10 of 73 in FL

Livability — DeFuniak Springs

• Score: 64/100
• State rank: #694
• US rank: #14475

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Walton County · 70,839 people
• City population: 19,746
• Metro: Crestview-Fort Walton Beach-Destin, FL
• Population (ZIP): 19,746
• Household income: $52,199
• Rent vs Own: 25.4% rent · 74.6% own
• Severe rent burden: 356.0

Population outlook (Walton County) Hauer SSP2

• Today (2025): 80,014 people
• By 2030: 88,120 · +10.1%
• By 2040: 103,537 · +29.4%
• By 2050: 117,034 · +46.3%
• By 2075: 143,901 · +79.8%
• By 2100: 155,138 · +93.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (75%)
• Race & ethnicity: White 75% Black 10% Hispanic / Latino 8% Two or more races 7% Native American 1%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Slovak 3% Italian 2% Lithuanian 2%
• Foreign-born: 6% · Canada
• Languages at home: 92% English-only · Spanish 4% Other Indo-European 1% French/Haitian/Cajun 1%

Political lean MEDSL · Walton

• 2024 margin: Solid R (+57.8) · D 20.7% · R 78.6%
• 2008→2024 swing: -12.0pp toward R · 2008: -45.8pp · 2024: -57.8pp
• All cycles: 2024: R+57.8 2020: R+51.7 2016: R+56.1 2012: R+52.0 2008: R+45.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 14.77%
• Current HPI: 367.046
• Rent YoY: —
• 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

+15.0% since first listed

12 events — show timeline

• 2026-06-02 Listed $230,000 ECAR
• 2025-08-13 Pending — CPARMLS
• 2025-08-13 Relisted — CPARMLS
• 2025-08-13 Sold (Public Records) $132,000 Public Records
• 2025-08-13 Sold (MLS) $132,000 CPARMLS
• 2025-07-14 Listing Removed — CPARMLS
• 2025-06-12 Contingent — CPARMLS
• 2025-06-06 Price Changed $150,000 CPARMLS
• 2025-06-05 Price Changed $165,000 CPARMLS
• 2025-05-30 Price Changed $170,000 CPARMLS
• 2025-05-12 Price Changed $180,000 CPARMLS
• 2025-05-09 Listed $200,000 CPARMLS

Property tax history

+3.4%/yr

Latest (2025): $1,152 · +1.5% YoY. Source: county tax records.