2226 Jeannie St · Navarre, FL 32566

$179,900

4 bd · 2.0 ba · 2,052 sqft · Manufactured public records · 108 Days on market

Built 1999 0.31 ac lot

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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
• DSCR +10.0/10.0
• 1% rule +8.2/10.0
• ARV discount +7.5/15.0
• Schools +5.3/10.0
• Livability +3.5/5.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

This 4 bedroom, 2 bath mobile home boasts over 2,000 square feet of living space! Features include split bedroom floor plan, laminate flooring in the living area, dining room, kitchen, bathrooms and laundry room. A spacious living/dining room as well as a large den. Ample kitchen with cabinets galore. And, a huge master bedroom with a large walk in closet and a sitting area. Complete with Mudroom from the side entrance!

Key facts

• Laminate flooring
• Ample kitchen
• Large den

Tags

• SPLIT BEDROOM FLOOR PLAN
• LAMINATE FLOORING
• SPACIOUS LIVING DINING ROOM
• LARGE DEN
• AMPLE KITCHEN
• MUDROOM

Property features AI

Finance

• Other: Property condition: Construction complete; Total building area reported as 2052 (source: county records)

Exterior

• Utilities: Electric service
• Home design: Manufactured home; Residential property; Zoned for mobile home, single-family and multi-family
• Construction: Built in 1999; Trim vinyl and other exterior materials
• Exterior features: Interior lot; Level lot; Lot dimensions approximately 100 x 136

Interior

• Kitchen: Microwave; Refrigerator; Electric stove/oven
• Bedrooms: 4 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Heating provided; Cooling provided
• Interior features: One-story layout; Smoke detector

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath manufactured listed at $180k.

Deal economics

• At list price, monthly cash flow is $718 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $180k).
• Recommended offer: $164k (9.0% below list) — sets the bar for market timing.
• Cap rate 11.1% 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, 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); 768 active listings in the ZIP; 18 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 $1k of loan paydown is wiped out by about $5k 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 $50k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 108 days — a 9% lower offer ($164k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y 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 $89k; list at $180k implies a 102% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: moderate flood risk; severe wind risk, 99% chance of damaging wind over 30y; moderate 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 $163,709 (9.0% below list)

Questions for the listing agent

1. It's been on market 108 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 1.32% ✓
• Cap rate: 11.08%
• Cash-on-cash: 17.10%
• DSCR: 1.76
• GRM: 6.3

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: 8.1%
• Equity multiple: 1.32×
• Total profit: $15,917
• Equity at exit: $26,824

10-year hold

• IRR: 17.1%
• Equity multiple: 2.39×
• Total profit: $70,114
• Equity at exit: $15,554

Cash invested: $50,372 (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: 6.3×

Monthly cashflow live

• Estimated rent: $2,371 high
• Mortgage (P&I): −$943
• Tax from tax record: −$137 /mo · $1,643/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$498
• Net cashflow: $718

Break-even live

Break-even rent $1,462

Max offer price $179,900

Occupancy floor 65%

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: $44,975
• Closing costs: $5,397
• Reserves months: —
• Total cash needed: —

Rent comps 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2281 Tom St Navarre, FL	3.0	2.0	1604	$2,295	$1.43	23d	1	0.10mi
2170 Tom St Navarre, FL	3.0	2.0	1400	$1,750	$1.25	23d	1	0.20mi
2244 Hadleigh Hills Ct Navarre, FL	3.0	2.5	1664	$1,995	$1.20	23d	1	0.23mi
2127 Tom St Unit 2127 Navarre, FL	3.0	2.5	1400	$1,750	$1.25	23d	1	0.29mi
2123 Tom St Navarre, FL	3.0	2.0	1400	$1,900	$1.36	23d	1	0.30mi
2107 Nina St Navarre, FL	3.0	2.0	1738	$2,400	$1.38	14d	1	0.32mi
2109 Bellemeade Cir Navarre, FL	3.0	2.0	1658	$1,900	$1.15	23d	1	0.39mi
2109 Bellemeade Cir Navarre, FL	3.0	2.0	1658	$1,900	$1.15	14d	1	0.39mi
9523 Parker Place Dr Navarre, FL	3.0	2.0	1700	$1,850	$1.09	23d	1	0.44mi
2212 Peachwood Ct Navarre, FL	3.0	2.0	1750	$2,200	$1.26	23d	1	0.46mi
2164 Wind Trace Rd N Navarre, FL	3.0	2.0	1463	$2,040	$1.39	23d	1	0.63mi
2164 Wind Trace Rd N Navarre, FL	3.0	2.0	1463	$2,040	$1.39	14d	1	0.63mi
9946 Mariposa St Navarre, FL	3.0	2.0	1706	$2,770	$1.62	14d	1	0.64mi
9946 Mariposa St Navarre, FL	3.0	2.0	1706	$2,770	$1.62	23d	1	0.64mi
2225 Prytania Cir Navarre, FL	3.0	2.0	1529	$2,150	$1.41	14d	1	0.85mi
2225 Prytania Cir Navarre, FL	3.0	2.0	1529	$2,150	$1.41	23d	1	0.85mi
10008 Calle de Palencia Navarre, FL	3.0	2.0	2159	$2,900	$1.34	21d	1	0.91mi
9332 Vandivere Dr Navarre, FL	4.0	2.0	2567	$2,750	$1.07	23d	1	0.95mi

Listing history 21 events

1. 2026-06-18
   days on market $179,900 Active 108 DOM
2. 2026-06-17
   days on market $179,900 Active 107 DOM
3. 2026-06-16
   days on market $179,900 Active 106 DOM
4. 2026-06-15
   days on market $179,900 Active 105 DOM
5. 2026-06-14
   days on market $179,900 Active 103 DOM
6. 2026-06-10
   days on market $179,900 Active 100 DOM
7. 2026-06-09
   days on market $179,900 Active 99 DOM
8. 2026-06-08
   days on market $179,900 Active 98 DOM
9. 2026-06-07
   days on market $179,900 Active 97 DOM
10. 2026-06-05
    days on market $179,900 Active 94 DOM
11. 2026-06-03
    days on market $179,900 Active 93 DOM
12. 2026-06-02
    pricedays on market $179,900 Active 92 DOM
13. 2026-06-01
    days on market $184,900 Active 91 DOM
14. 2026-05-31
    days on market $184,900 Active 90 DOM
15. 2026-05-31
    days on market $184,900 Active 89 DOM
16. 2026-03-02
    listed $184,900 Active
17. 2025-01-17
    historical $1,595
18. 2024-12-31
    listed $1,595
19. 2004-12-30
    soldstatus $89,000
20. 2001-06-19
    soldstatus $45,000
21. 1998-08-27
    soldstatus $18,000

ⓘ 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: $1,643 · $137/mo
• Projected year-2 tax: $1,643 · $137/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (unshaded) · 65% chance over 30 yrs
• 🔥 Wildfire 5/10 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: $28,449
• − Mortgage interest: −$10,077
• − Property taxes: −$1,643
• − Insurance: −$900
• − Repairs & maintenance: −$2,276
• − Management: −$2,276
• − Depreciation: −$5,233
• Taxable income: $6,044
• Est. tax owed @ 24.0%: −$1,451
• After-tax cash flow: $7,161/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

+927.2% since first listed

6 events — show timeline

• 2026-03-02 Listed $184,900 NAMLS
• 2025-01-17 Rental Removed $1,595 NAMLS
• 2024-12-31 Listed for Rent $1,595 NAMLS
• 2004-12-30 Sold (Public Records) $89,000 Public Records
• 2001-06-19 Sold (Public Records) $45,000 Public Records
• 1998-08-27 Sold (Public Records) $18,000 Public Records

Property tax history

+5.3%/yr

Latest (2025): $1,643 · +7.7% YoY. Source: county tax records.