222 Springfield Ave · Springfield, FL 32401

$140,497

2 bd · 2.0 ba · 672 sqft · Manufactured public records · 35 Days on market

Built 2026 7,405 sqft lot $209/sqft · 44% above area Est $167k · 16% 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 +22.8/30.0
• ARV discount +14.6/15.0
• DSCR +7.3/10.0
• 1% rule +4.7/10.0
• Schools +4.3/10.0
• Livability +3.0/5.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Brand New Mobile Home - Modern Living at an Affordable Price! Welcome to 222 Springfield Ave - a brand new mobile home offering the perfect blend of comfort, style, and affordability. Whether you're looking for a primary residence, a rental investment, or a low-maintenance getaway, this property checks all the boxes. Step inside to an open-concept layout designed for modern living, featuring a bright and spacious living area that flows seamlessly into the kitchen. The kitchen comes equipped with sleek cabinetry, ample counter space, and modern finishes--perfect for both everyday living and entertaining. The home offers a thoughtfully designed split-bedroom floor plan, providing privacy and

Key facts

• Split-bedroom layout
• Energy-efficient
• Low maintenance

Tags

• OPEN-CONCEPT LIVING SPACE
• SPLIT-BEDROOM LAYOUT
• ENERGY-EFFICIENT
• LOW MAINTENANCE

Property features AI

Exterior

• Utilities: Public sewer
• Home design: Single wide mobile home
• Exterior features: Deck; Lot dimensions about 50 x 134

Interior

• Bedrooms: Three bedrooms, all on the first level (approx. 10 x 10; 9 x 14; 12 x 14)
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Total of 3 rooms

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $140k.

Deal economics

• At list price, monthly cash flow is $244 ($3k/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 $137k (2.6% below list).
• Recommended offer: $136k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.4% vs local median 4.7% in Springfield — 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 59/100 on livability (#826 in FL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools D, employment D, crime F.
• Bay (suburban): math 51% / reading 51% proficiency, ranked #29 of 73 in FL (top 40%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents flat; 258 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 2,473 units permitted in Bay County in 2024 (559 in 5+ unit buildings).
• This rent runs 31% of the median local income ($53k/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 $972 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Bay County population projected at +24% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 35 days — a 3% lower offer ($136k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 5y 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 $40k; list at $140k implies a 256% 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; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $136,282 (3.0% below list)

Questions for the listing agent

1. It's been on market 35 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. Crime grade is F 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?
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: 0.97% ✗
• Cap rate: 8.38%
• Cash-on-cash: 7.45%
• DSCR: 1.33
• GRM: 8.6

CMA / ARV

• ARV (median comp): $166,872
• List price: $140,497
• Delta: -15.81%
• Verdict: UNDERPRICED
• Comps: 4 within 2.0 mi

Projected returns pro-forma

-3.0% appreciation · 0.45% rent growth · sell at horizon

5-year hold

• IRR: -7.5%
• Equity multiple: 0.73×
• Total profit: $-10,686
• Equity at exit: $20,949

10-year hold

• IRR: -1.2%
• Equity multiple: 0.93×
• Total profit: $-2,859
• Equity at exit: $12,148

Cash invested: $39,339 (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 32401

• Home prices YoY: -32.9%
• Rents YoY: 0.5%
• Active inventory: 258
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $1,368 medium
• Mortgage (P&I): −$737
• Tax from tax record: −$41 /mo · $491/yr
• Insurance: −$59
• HOA: −$0
• Vacancy / Maint / Mgmt: −$287
• Net cashflow: $244

Break-even live

Break-even rent $1,059

Max offer price $140,497

Occupancy floor 77%

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: $35,124
• Closing costs: $4,215
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3719 E 8th Ct Panama City, FL	1.0–4.0	1.0–1.5	950	$1,100	$1.16	21d	1	1.09mi

Listing history 27 events

1. 2026-06-19
   days on market $140,497 Active 35 DOM
2. 2026-06-18
   days on market $140,497 Active 34 DOM
3. 2026-06-17
   days on market $140,497 Active 33 DOM
4. 2026-06-16
   price $140,497 Active 32 DOM
5. 2026-06-16
   days on market $141,997 Active 32 DOM
6. 2026-06-15
   days on market $141,997 Active 31 DOM
7. 2026-06-14
   days on market $141,997 Active 29 DOM
8. 2026-06-13
   days on market $141,997 Active 28 DOM
9. 2026-06-10
   days on market $141,997 Active 26 DOM
10. 2026-06-09
    days on market $141,997 Active 25 DOM
11. 2026-06-08
    days on market $141,997 Active 24 DOM
12. 2026-06-07
    days on market $141,997 Active 23 DOM
13. 2026-06-05
    days on market $141,997 Active 20 DOM
14. 2026-06-03
    days on market $141,997 Active 19 DOM
15. 2026-06-02
    pricedays on market $141,997 Active 18 DOM
16. 2026-06-01
    days on market $145,997 Active 17 DOM
17. 2026-05-31
    days on market $145,997 Active 16 DOM
18. 2026-05-30
    days on market $145,997 Active 15 DOM
19. 2026-05-15
    listed $147,000 Active 1311-char remark
20. 2026-05-13
    historical
21. 2026-05-03
    price $153,499
22. 2026-04-24
    listed $157,499 Active
23. 2025-03-19
    price $31,500
24. 2025-02-26
    listed $34,500 Active
25. 2021-04-14
    soldstatus $39,500
26. 2021-03-08
    listed $49,900
27. 1998-02-01
    soldstatus $11,100

ⓘ 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: $491 · $41/mo
• Projected year-2 tax: $1,166 · $97/mo
• Expected delta: +$675/yr (+$56/mo · 137.6%)

ⓘ 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 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥105°F today · 21 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: $16,414
• − Mortgage interest: −$7,870
• − Property taxes: −$491
• − Insurance: −$702
• − Repairs & maintenance: −$1,313
• − Management: −$1,313
• − Depreciation: −$4,087
• Taxable income: $638
• Est. tax owed @ 24.0%: −$153
• After-tax cash flow: $2,780/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: Bay
• NCES district ID: 1200090
• Math proficiency: 51% ▼ -8.00%
• Reading proficiency: 51% ▼ -7.00%
• Median HH income: $47,740
• Composite: 43.41/100
• National rank: #3014
• State rank: #29 of 73 in FL

Livability — Springfield

• Score: 59/100
• State rank: #826
• US rank: #20265

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Springfield, FL
• County: Bay County · 163,593 people
• Metro: Panama City, FL
• Population (ZIP): 18,947
• Household income: $52,523
• Rent vs Own: 39.7% rent · 60.3% own
• Severe rent burden: 935.0

Population outlook (Bay County) Hauer SSP2

• Today (2025): 206,264 people
• By 2030: 217,740 · +5.6%
• By 2040: 238,738 · +15.7%
• By 2050: 255,545 · +23.9%
• By 2075: 288,295 · +39.8%
• By 2100: 288,638 · +39.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: White 60% Black 23% Hispanic / Latino 11% Two or more races 8% Asian 2%
• Hispanic origin (detail): Mexican 5% Puerto Rican 2%
• Common ancestry: Italian 2% Lithuanian 2% Slovak 2%
• Foreign-born: 9% · Canada, Vietnam
• Languages at home: 89% English-only · Spanish 8% Other Indo-European 1% German/W. Germanic 1%

Political lean MEDSL · Bay

• 2024 margin: Solid R (+47.4) · D 25.8% · R 73.1% · Other 1.1%
• 2008→2024 swing: -6.6pp toward R · 2008: -40.7pp · 2024: -47.4pp
• All cycles: 2024: R+47.4 2020: R+43.5 2016: R+46.3 2012: R+43.6 2008: R+40.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -142.12%
• Current HPI: 290.3312
• Rent YoY: ▲ 0.45%
• Metro: Panama City, 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

+1165.7% since first listed

12 events — show timeline

• 2026-06-16 Price Changed $140,497 CPARMLS
• 2026-06-01 Price Changed $141,997 CPARMLS
• 2026-05-25 Price Changed $145,997 CPARMLS
• 2026-05-15 Listed $147,000 CPARMLS
• 2026-05-13 Listing Removed — CPARMLS
• 2026-05-03 Price Changed $153,499 CPARMLS
• 2026-04-24 Listed $157,499 CPARMLS
• 2025-03-19 Price Changed $31,500 CPARMLS
• 2025-02-26 Listed $34,500 CPARMLS
• 2021-04-14 Sold (MLS) $39,500 CPARMLS
• 2021-03-08 Listed $49,900 CPARMLS
• 1998-02-01 Sold (Public Records) $11,100 Public Records

Property tax history

+0.8%/yr

Latest (2025): $491 · -38.7% YoY. Source: county tax records.