278 Tiger Lily Ln · DeFuniak Springs, FL 32433

$165,000

3 bd · 2.0 ba · 1,341 sqft · Manufactured public records · 205 Days on market

Built 2007 10,018 sqft lot Est $174k · 5% under

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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 +22.8/30.0
• Appreciation +10.0/10.0
• ARV discount +9.9/15.0
• DSCR +7.3/10.0
• 1% rule +5.9/10.0
• Schools +5.2/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

New flooring instantly brightens every space and gives the whole home a clean, updated feel. The layout flows naturally from room to room, making it perfect for hosting friends or just enjoying a quiet night at home. Fresh, welcoming, and surprisingly spacious, this DeFuniak Springs gem offers the perfect mix of charm and everyday practicality. Schedule your showing and come see for yourself this one just feels different the moment you walk through the door.

Key facts

• 0.23 acre lot
• 4 parking spots
• Built 2007

Property features AI

Finance

• HOA & community: Located in the Oakwood Hills subdivision

Exterior

• Parking: Detached carport; Covered parking; 3 driveway spaces; 1 covered space
• Utilities: Electric service; Public water; Septic tank
• Home design: Mobile home style; Single-story; First-floor primary bedroom; Faces unspecified
• Construction: Built in 2007; Metal roof; Frame construction with vinyl siding and trim; Off-grade foundation
• Exterior features: Partially fenced yard with privacy fencing; Open patio; Open porch

Interior

• Kitchen: Dishwasher; Microwave; Refrigerator; Kitchen island; Breakfast bar
• Bedrooms: 3 bedrooms; Primary bedroom on the first floor with garden tub, separate shower and double vanity
• Flooring: Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air; Ceiling fans
• Interior features: Breakfast bar; Fireplace; Kitchen island; Split bedroom layout; Washer/dryer hookup; Double pane windows; Window treatments
• Laundry & utility: Washer/dryer hookup; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $165k.

Deal economics

• At list price, monthly cash flow is $286 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $165k).
• Recommended offer: $145k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.4% 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: Mossy Head School (math 72% / reading 57%, grade B, #525 of 2,144 statewide, top 26%, 439 students, 86% FRL); Walton High School (math 52% / reading 53%, grade C-, #154 of 667 statewide, top 24%, 856 students, 65% FRL) — zoned schools average 75% FRL vs 48% district-wide (27 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 423 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 2,883 units permitted in Walton County in 2024 (1,322 in 5+ unit buildings).

Forward outlook

• In year one you build about $18k of equity ($1k loan paydown + $16k 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 $46k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$45k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 205 days — a 12% lower offer ($145k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 19y 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 $140k; 18% above their basis — modest negotiation headroom, anchor on the comps not their cost.

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 $145,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 205 days. Have you received any prior offers? Is the seller open to a 12% 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: 1.09% ✓
• Cap rate: 8.37%
• Cash-on-cash: 7.42%
• DSCR: 1.33
• GRM: 7.6

CMA / ARV

• ARV (on-the-fly): $174,330
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
236 Laurel Dr	0.20mi	3/2.0	1,344 (+0%)	6mo	$60,000	$45	86
232 Amaryllis Ln	0.09mi	3/2.0	1,264 (-6%)	11mo	$205,000	$162	77
210 Amaryllis Ln	0.09mi	4/2.0 (+1)	1,475 (+10%)	1mo	$187,500	$127	73
524 E Tiger Lily Ln	0.27mi	4/2.0 (+1)	1,480 (+10%)	3mo	$192,000	$130	63
350 W Dogwood Ave	0.64mi	3/2.0	1,320 (-2%)	7mo	$165,000	$125	62
275 E Violet Ln	0.43mi	4/2.0 (+1)	1,400 (+4%)	11mo	$130,000	$93	59
228 White Rose St St	0.72mi	3/2.0	1,344 (+0%)	12mo	$178,000	$132	56
696 Passion Flower St	0.72mi	3/2.0	1,264 (-6%)	3mo	$182,000	$144	54
11 W Lafavre Ln	0.44mi	3/2.0	1,140 (-15%)	19mo	$153,000	$134	38
154 Orange Blossom Ave	0.51mi	3/2.0	1,140 (-15%)	17mo	$144,900	$127	37
216 Girl Scout Rd	0.60mi	4/2.0 (+1)	1,475 (+10%)	20mo	$178,000	$121	34
51 Clay Basket Ct	0.70mi	3/2.0	1,140 (-15%)	20mo	$150,000	$132	26

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: 29.7%
• Equity multiple: 3.34×
• Total profit: $108,075
• Equity at exit: $148,645

10-year hold

• IRR: 25.8%
• Equity multiple: 7.58×
• Total profit: $304,016
• Equity at exit: $320,559

Cash invested: $46,200 (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: 7.6×

Monthly cashflow live

• Estimated rent: $1,805 medium
• Mortgage (P&I): −$865
• Tax est. 1.5%: −$206 /mo · $2,475/yr
• Insurance: −$69
• HOA: −$0
• Vacancy / Maint / Mgmt: −$379
• Net cashflow: $286

Break-even live

Break-even rent $1,443

Max offer price $165,000

Occupancy floor 79%

Sensitivity live

Price	-10% $400	-5% $343	+0% $286	+5% $228	+10% $171
Rent	-10% $143	-5% $214	+0% $286	+5% $357	+10% $428
Rate	-1.0pp $369	-0.5pp $327	base $286	+0.5pp $243	+1.0pp $199

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: $41,250
• Closing costs: $4,950
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
135 Tiger Lily Ln Defuniak Springs, FL	3.0	2.0	1114	$1,795	$1.61	15d	1	0.13mi
150 Hibiscus Ave Defuniak Springs, FL	3.0	2.0	1256	$1,950	$1.55	22d	1	0.86mi

Listing history 18 events

1. 2026-05-31
   days on market $165,000 Active 205 DOM
2. 2026-05-30
   days on market $165,000 Active 204 DOM
3. 2025-11-07
   listed $165,000 Active
4. 2022-04-08
   soldstatus $140,000 Sold
5. 2022-04-08
   soldstatus $140,000 Sold
6. 2022-04-08
   soldstatus $140,000
7. 2022-03-04
   historical
8. 2022-03-03
   listed $140,000
9. 2010-01-31
   historical
10. 2009-07-31
    listed $79,500
11. 2009-07-31
    listed $79,500
12. 2008-12-12
    listed $85,000
13. 2008-10-16
    historical
14. 2008-04-02
    listed $89,500
15. 2008-04-02
    listed $89,500
16. 2007-10-23
    historical
17. 2007-04-23
    listed $110,000
18. 2007-04-23
    listed $110,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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: $21,657
• − Mortgage interest: −$9,243
• − Property taxes: −$2,475
• − Insurance: −$825
• − Repairs & maintenance: −$1,733
• − Management: −$1,733
• − Depreciation: −$4,800
• Taxable income: $850
• Est. tax owed @ 24.0%: −$204
• After-tax cash flow: $3,222/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

+50.0% since first listed

16 events — show timeline

• 2025-11-07 Listed $165,000 ECAR
• 2022-04-08 Sold (Public Records) $140,000 Public Records
• 2022-04-08 Sold (MLS) $140,000 ECAR
• 2022-04-08 Sold (MLS) $140,000 NAMLS
• 2022-03-04 Listing Removed — NAMLS
• 2022-03-03 Listed $140,000 NAMLS
• 2010-01-31 Listing Removed — NAMLS
• 2009-07-31 Listed $79,500 NAMLS
• 2009-07-31 Listed $79,500 ECAR
• 2008-12-12 Listed $85,000 ECAR
• 2008-10-16 Listing Removed — NAMLS
• 2008-04-02 Listed $89,500 NAMLS
• 2008-04-02 Listed $89,500 ECAR
• 2007-10-23 Listing Removed — NAMLS
• 2007-04-23 Listed $110,000 NAMLS
• 2007-04-23 Listed $110,000 ECAR

Property tax history

-4.9%/yr

Latest (2025): $199 · -9.7% YoY. Source: county tax records.