13325 US Highway 331 · Defuniak Springs, FL 32433

$305,000

3 bd · 1.0 ba · 1,516 sqft · SingleFamily public records · 4 Days on market

Built 1977 1.15 ac lot

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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).

• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• Cash flow +7.1/30.0
• Schools +5.2/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +1.3/10.0
• 1% rule +0.7/10.0

Listing remarks MLS

Fixer-Upper brick home near Paxton. 4 bedrooms 2 bathrooms on 1 acre. Being sold ''AS IS''. Cash contract only.

Key facts

• Exit door to deck
• New breakfast bar
• Walk-in shower

Tags

• RECENTLY RENOVATED
• SPACIOUS KITCHEN DINING ROOM
• NEW BREAKFAST BAR
• WALK-IN SHOWER
• DOUBLE VANITIES
• EXIT DOOR TO DECK

Property features AI

Finance

• Financial info: Financial details not provided
• HOA & community: Subdivision: METES & BOUNDS

Exterior

• Parking: Parking details not provided
• Utilities: Electric service; Private well water; Septic tank; Electric water heater
• Home design: Ranch-style, single-story home; Built in 1977
• Construction: Brick and wood siding exterior; Slab foundation; Shingle roof details not provided
• Exterior features: Porch / covered porch; Yard building; Partially fenced lot; Cleared, level lot; Paved road frontage (state road / U.S. highway access); Survey available

Interior

• Kitchen: Kitchen on the first floor
• Bedrooms: 4 bedrooms; Master bedroom on the first floor with walk-in closet; Other bedrooms located on the first floor
• Flooring: Laminate flooring; Carpet
• Bathrooms: 2 full bathrooms; Master bathroom with double vanity, Hollywood-style vanity, and separate shower
• Heating & cooling: Central air conditioning; Heat pump (air-to-air, multi-zone)
• Interior features: Breakfast bar; Newly painted; Split bedroom layout; Washer/dryer hookup; Window treatments
• Laundry & utility: Laundry room on the first floor with pantry; Washer/dryer hookup available; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $305k.

Deal economics

• At list price, monthly cash flow is $-439 ($-5k/yr) — negative.
• To cash-flow at today's rent, offer at most $227k (25.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $173k (43.3% below list).
• Recommended offer: $173k (43.3% below list) — sets the bar for 1% rule.

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: Maude Saunders Elementary School (math 58% / reading 52%, grade C, #872 of 2,144 statewide, top 42%, 553 students, 87% FRL); Emerald Coast Middle School (math 70% / reading 65%, grade A-, #77 of 571 statewide, top 14%, 868 students, 24% FRL); Walton High School (math 52% / reading 53%, grade C-, #154 of 667 statewide, top 24%, 856 students, 65% FRL).
• Market conditions: 423 active listings in the ZIP; 2,883 units permitted in Walton County in 2024 (1,322 in 5+ unit buildings).
• This rent runs 40% of the median local income ($52k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $33k of equity ($2k loan paydown + $30k appreciation (10.0% local appreciation)).
• Walton County population projected at +46% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 2, paydown + projected appreciation supports a ~$52k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 7 sale attempts since 11y 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 $115k; list at $305k implies a 165% 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→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $172,810 (43.3% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1977 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 0.57% ✗
• Cap rate: 4.57%
• Cash-on-cash: -6.17%
• DSCR: 0.73
• GRM: 14.7

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: 19.9%
• Equity multiple: 2.62×
• Total profit: $137,992
• Equity at exit: $274,768

10-year hold

• IRR: 18.2%
• Equity multiple: 6.01×
• Total profit: $428,030
• Equity at exit: $592,548

Cash invested: $85,400 (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: 14.7×

Monthly cashflow live

• Estimated rent: $1,728 medium
• Mortgage (P&I): −$1,599
• Tax from tax record: −$78 /mo · $932/yr
• Insurance: −$127
• HOA: −$0
• Vacancy / Maint / Mgmt: −$363
• Net cashflow: $-439

Break-even live

Break-even rent $2,284

Max offer price $227,452

Occupancy floor —

Sensitivity live

Price	-10% $-266	-5% $-353	+0% $-439	+5% $-525	+10% $-612
Rent	-10% $-575	-5% $-507	+0% $-439	+5% $-371	+10% $-302
Rate	-1.0pp $-285	-0.5pp $-361	base $-439	+0.5pp $-518	+1.0pp $-598

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: $76,250
• Closing costs: $9,150
• Reserves months: —
• Total cash needed: —

Listing history 3 events

1. 2026-06-21
   days on market $305,000 Active 4 DOM
2. 2026-06-18
   remarks 699-char remark
3. 2026-06-18
   listed $305,000 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: $932 · $78/mo
• Projected year-2 tax: $2,532 · $211/mo
• Expected delta: +$1,600/yr (+$133/mo · 171.7%)

ⓘ 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 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 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,737
• − Mortgage interest: −$17,085
• − Property taxes: −$932
• − Insurance: −$1,525
• − Repairs & maintenance: −$1,659
• − Management: −$1,659
• − Depreciation: −$8,873
• Taxable loss: −$10,995
• Est. tax savings @ 24.0%: +$2,639
• After-tax cash flow: $-2,629/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

+221.1% since first listed

18 events — show timeline

• 2026-06-17 Listed $305,000 ECAR
• 2026-04-18 Price Changed $315,000 ECAR
• 2026-03-03 Price Changed $325,000 ECAR
• 2026-02-23 Price Changed $350,000 ECAR
• 2026-02-13 Price Changed $360,000 ECAR
• 2026-02-05 Listed $399,900 ECAR
• 2025-11-07 Sold (MLS) $115,000 ECAR
• 2025-10-31 Delisted — ECAR
• 2025-10-24 Listed $140,000 ECAR
• 2025-09-02 Pending — ECAR
• 2025-05-06 Price Changed $450,000 ECAR
• 2024-11-11 Relisted — ECAR
• 2024-10-22 Price Changed $515,000 ECAR
• 2024-05-10 Listed $710,000 ECAR
• 2017-03-24 Sold (Public Records) $46,000 Public Records
• 2016-01-09 Listing Removed — NAMLS
• 2015-07-10 Listed $95,000 NAMLS
• 2015-07-10 Listed $95,000 ECAR

Property tax history

+17.8%/yr

Latest (2025): $932 · -3.8% YoY. Source: county tax records.