105 E Renoir Rd · DeFuniak Springs, FL 32433

$214,000

3 bd · 2.0 ba · 1,284 sqft · SingleFamily public records · 153 Days on market

Built 2009 0.33 ac lot Est $249k · 14% under

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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 +14.8/30.0
• ARV discount +13.8/15.0
• Appreciation +10.0/10.0
• Schools +5.2/10.0
• DSCR +4.5/10.0
• Livability +3.2/5.0
• 1% rule +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

Welcome to 105 E Renoir Rd, a beautifully fully updated home in the heart of DeFuniak Springs. This move-in-ready property has been thoughtfully renovated from top to bottom, offering modern finishes, fresh design, and worry-free living. Inside, you'll find a bright, open layout with all new updates throughout, including refreshed living spaces, updated kitchen and bathrooms, new flooring, and contemporary fixtures that create a clean, cohesive look. Natural light fills the home, enhancing the modern feel and inviting atmosphere. The updated kitchen flows seamlessly into the main living area, making it ideal for everyday living and entertaining. Spacious bedrooms and renovated bathrooms pro

Key facts

• Fully updated home
• Renovated bathrooms
• Private yard

Tags

• FULLY UPDATED HOME
• THOUGHTFULLY RENOVATED
• UPDATED KITCHEN
• RENOVATED BATHROOMS
• PRIVATE YARD
• CONVENIENTLY LOCATED

Property features AI

Finance

• HOA & community: Located in the Oakwood Lakes Estates subdivision

Exterior

• Utilities: Electric service; Public water; Septic tank
• Home design: Country-style home; 2 stories; Built in 2009
• Construction: Frame construction with cement fiberboard/engineered siding; Shake roof
• Exterior features: Open patio; Corner lot; County road frontage

Interior

• Kitchen: Kitchen on the first floor; Microwave
• Bedrooms: 3 bedrooms total; Master bedroom on the second floor with balcony
• Flooring: Vinyl flooring
• Bathrooms: 2 full bathrooms; Master bathroom with shower (no tub)
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Freshly painted interior; Gas fireplace
• Laundry & utility: Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $214k.

Deal economics

• At list price, monthly cash flow is $59 ($712/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 $173k (19.0% below list).
• Recommended offer: $173k (19.0% below list) — sets the bar for 1% rule.
• Cap rate 6.6% 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: Maude Saunders Elementary School (math 58% / reading 52%, grade C, #872 of 2,144 statewide, top 42%, 553 students, 87% FRL); Walton High School (math 52% / reading 53%, grade C-, #154 of 667 statewide, top 24%, 856 students, 65% FRL) — zoned schools average 76% FRL vs 48% district-wide (28 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 422 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 $23k of equity ($1k loan paydown + $21k 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 $60k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$37k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 153 days — a 12% lower offer ($188k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $85k; list at $214k implies a 151% 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 $173,300 (19.0% below list)

Questions for the listing agent

1. It's been on market 153 days. Have you received any prior offers? Is the seller open to a 19% 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 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. 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: 0.81% ✗
• Cap rate: 6.63%
• Cash-on-cash: 1.19%
• DSCR: 1.05
• GRM: 10.3

CMA / ARV

• ARV (on-the-fly): $249,096
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
342 E Renoir Rd	0.16mi	3/2.0	1,376 (+7%)	14mo	$285,000	$207	69
63 E Raphael Rd	0.48mi	3/2.5	1,428 (+11%)	4mo	$275,000	$193	54
59 Commerce Cir	0.20mi	4/2.0 (+1)	1,467 (+14%)	11mo	$285,000	$194	52
77 Aero Dr	0.63mi	3/2.0	1,150 (-10%)	24mo	$130,000	$113	33

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold

• IRR: 25.1%
• Equity multiple: 3.01×
• Total profit: $120,249
• Equity at exit: $192,788

10-year hold

• IRR: 22.1%
• Equity multiple: 6.86×
• Total profit: $350,989
• Equity at exit: $415,755

Cash invested: $59,920 (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: 422
• Price-to-rent: 10.3×

Monthly cashflow live

• Estimated rent: $1,733 medium
• Mortgage (P&I): −$1,122
• Tax from tax record: −$98 /mo · $1,180/yr
• Insurance: −$89
• HOA: −$0
• Vacancy / Maint / Mgmt: −$364
• Net cashflow: $59

Break-even live

Break-even rent $1,658

Max offer price $214,000

Occupancy floor 92%

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: $53,500
• Closing costs: $6,420
• Reserves months: —
• Total cash needed: —

Listing history 14 events

1. 2026-06-09
   days on market $214,000 Active 153 DOM
2. 2026-06-08
   days on market $214,000 Active 152 DOM
3. 2026-06-07
   days on market $214,000 Active 151 DOM
4. 2026-06-05
   days on market $214,000 Active 148 DOM
5. 2026-06-03
   days on market $214,000 Active 147 DOM
6. 2026-06-03
   days on market $214,000 Active 146 DOM
7. 2026-06-01
   days on market $214,000 Active 145 DOM
8. 2026-05-31
   days on market $214,000 Active 144 DOM
9. 2026-05-30
   days on market $214,000 Active 143 DOM
10. 2026-05-18
    price $214,000
11. 2026-03-30
    price $224,000
12. 2026-02-16
    price $229,000
13. 2026-01-07
    listed $239,000 Active
14. 2025-08-01
    soldstatus $85,200

ⓘ 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: $1,180 · $98/mo
• Projected year-2 tax: $1,776 · $148/mo
• Expected delta: +$596/yr (+$50/mo · 50.5%)

ⓘ 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: $20,796
• − Mortgage interest: −$11,987
• − Property taxes: −$1,180
• − Insurance: −$1,070
• − Repairs & maintenance: −$1,664
• − Management: −$1,664
• − Depreciation: −$6,225
• Taxable loss: −$2,994
• Est. tax savings @ 24.0%: +$719
• After-tax cash flow: $1,430/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

+151.2% since first listed

5 events — show timeline

• 2026-05-18 Price Changed $214,000 ECAR
• 2026-03-30 Price Changed $224,000 ECAR
• 2026-02-16 Price Changed $229,000 ECAR
• 2026-01-07 Listed $239,000 ECAR
• 2025-08-01 Sold (Public Records) $85,200 Public Records

Property tax history

+4.7%/yr

Latest (2025): $1,180 · +4.5% YoY. Source: county tax records.