1710 Illinois Ave · Lynn Haven, FL 32444

$237,500

3 bd · 2.0 ba · 1,144 sqft · SingleFamily public records · 275 Days on market

Built 1995 6,186 sqft lot $208/sqft · 5% below area Est $252k · 6% under

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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).

• ARV discount +10.1/15.0
• Cash flow +10.0/30.0
• Schools +4.3/10.0
• Livability +4.0/5.0
• Rent growth +3.1/5.0
• DSCR +2.8/10.0
• Condition / age +2.5/5.0
• 1% rule +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Your new Dream Home is ready and waiting for you and your family to come home. Just installed beautiful luxury plank vinyl flooring all rooms, new 2 inch faux wood cordless window blinds, new Delta shower heads in bathrooms with spray wand, full interior paint; ceilings, walls, cabinets, doors and trim. The exterior was painted in Jan and new energy efficient low-e window panes were also installed. Home has Hunter ceiling fans in bedrooms and living room, rain gutters, window screens, new dual-flush water efficient toilets, master bedroom has private bathroom new roof Nov 2018. Home is located In the wonderful city of Lynn Haven near everything including Cain Griffin Park. To make it worry free living the Seller is transferring to new owner(s) a Home Warranty Premium Policy with approximately 24 months remaining on policy that has one of the industries lowest service call fees of just $75 per service call. Seller is a licensed real estate broker in Bay County.

Key facts

• Window screens
• Rain gutters
• Delta shower heads

Tags

• LUXURY PLANK VINYL FLOORING
• DELTA SHOWER HEADS
• FULL INTERIOR PAINT
• HUNTER CEILING FANS
• RAIN GUTTERS
• WINDOW SCREENS

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $238k.

Deal economics

• At list price, monthly cash flow is $-145 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $212k (10.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $172k (27.5% below list).
• Recommended offer: $172k (27.5% below list) — sets the bar for 1% rule.
• Cap rate 5.6% vs local median 3.5% in Lynn Haven — 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 81/100 on livability (#96 in FL, #1,472 nationally) — a professional / high-income tenant draw. Strengths: crime A+, housing A+, health & safety A+; Watch: amenities D+, commute 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.
• Zoned schools: Deer Point Elementary School (math 55% / reading 49%, grade C-, #990 of 2,144 statewide, top 48%, 705 students, 55% FRL); Mowat Middle School (math 49% / reading 51%, grade C, #254 of 571 statewide, top 45%, 868 students, 49% FRL); A. Crawford Mosley High School (math 51% / reading 55%, grade C-, #148 of 667 statewide, top 23%, 1,901 students, 36% FRL) — zoned schools at 47% FRL track the district average.
• Market conditions: Rents rising (+2.5%/yr); 199 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 2,473 units permitted in Bay County in 2024 (559 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k 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 275 days — a 12% lower offer ($209k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 2y ago; this cycle's ask has dropped $19k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $92k; list at $238k implies a 157% 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 $172,209 (27.5% 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. It's been on market 275 days. Have you received any prior offers? Is the seller open to a 27% concession, seller financing, or rate buy-down credit?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are B-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?
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: 0.73% ✗
• Cap rate: 5.56%
• Cash-on-cash: -2.61%
• DSCR: 0.88
• GRM: 11.5

CMA / ARV

• ARV (median comp): $252,058
• List price: $237,500
• Delta: -5.78%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
602 Sparrow St	0.25mi	3/2.0	1,166 (+2%)	1mo	$250,000	$214	84
605 Tammy St	0.23mi	3/2.0	1,176 (+3%)	7mo	$276,000	$235	79
808 E Pine Forest Dr	0.44mi	3/2.0	1,154 (+1%)	3mo	$250,000	$217	75
603 Redbird St	0.33mi	3/2.0	1,212 (+6%)	2mo	$255,000	$210	73
609 E Pine Forest Dr	0.15mi	3/2.0	1,212 (+6%)	12mo	$265,000	$219	73
1511 Colorado Ave	0.50mi	4/2.0 (+1)	1,115 (-2%)	0mo	$265,000	$238	67
1815 Rhett Pl	0.35mi	3/2.0	1,263 (+10%)	4mo	$280,000	$222	63
1109 Minnesota Ave	0.64mi	3/2.0	1,116 (-2%)	15mo	$259,000	$232	53
1419 Virginia Ave	0.69mi	3/2.0	1,040 (-9%)	2mo	$225,000	$216	51
1201 Pennsylvania Ave	0.60mi	3/2.0	1,255 (+10%)	7mo	$285,000	$227	50
1112 Indiana Ave	0.63mi	3/1.0	1,093 (-4%)	11mo	$192,000	$176	50
2013 Geralo Ln	0.61mi	3/2.0	1,315 (+15%)	11mo	$292,000	$222	37

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

Projected returns pro-forma

-3.0% appreciation · 2.52% rent growth · sell at horizon

5-year hold

• IRR: -21.2%
• Equity multiple: 0.27×
• Total profit: $-48,574
• Equity at exit: $35,412

10-year hold

• IRR: -15.8%
• Equity multiple: 0.13×
• Total profit: $-57,747
• Equity at exit: $20,535

Cash invested: $66,500 (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 32444

• Home prices YoY: -29.1%
• Rents YoY: 2.5%
• Active inventory: 199
• Price-to-rent: 11.5×

Monthly cashflow live

• Estimated rent: $1,722 medium
• Mortgage (P&I): −$1,245
• Tax from tax record: −$161 /mo · $1,926/yr
• Insurance: −$99
• HOA: −$0
• Vacancy / Maint / Mgmt: −$362
• Net cashflow: $-145

Break-even live

Break-even rent $1,905

Max offer price $211,973

Occupancy floor —

Sensitivity live

Price	-10% $-10	-5% $-77	+0% $-145	+5% $-212	+10% $-279
Rent	-10% $-281	-5% $-213	+0% $-145	+5% $-76	+10% $-8
Rate	-1.0pp $-25	-0.5pp $-84	base $-145	+0.5pp $-206	+1.0pp $-269

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: $59,375
• Closing costs: $7,125
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1409 Florida Ave Lynn Haven, FL	2.0	1.0	800	$1,276	$1.59	22d	1	0.47mi
1307 Pennsylvania Ave Unit 1 Lynn Haven, FL	3.0	1.0	1256	$1,500	$1.19	15d	1	0.49mi
1019 Bradford Cir Unit 1019 Lynn Haven, FL	2.0	1.0	810	$1,225	$1.51	22d	1	1.25mi
1125 Bradley Cir Lynn Haven, FL	3.0	2.0	1190	$1,850	$1.55	15d	1	1.35mi

Listing history 37 events

1. 2026-06-21
   days on market $237,500 Active 275 DOM
2. 2026-06-19
   days on market $237,500 Active 273 DOM
3. 2026-06-18
   days on market $237,500 Active 272 DOM
4. 2026-06-17
   days on market $237,500 Active 271 DOM
5. 2026-06-16
   days on market $237,500 Active 270 DOM
6. 2026-06-15
   days on market $237,500 Active 269 DOM
7. 2026-06-14
   days on market $237,500 Active 267 DOM
8. 2026-06-13
   days on market $237,500 Active 266 DOM
9. 2026-06-10
   days on market $237,500 Active 264 DOM
10. 2026-06-09
    days on market $237,500 Active 263 DOM
11. 2026-06-08
    days on market $237,500 Active 262 DOM
12. 2026-06-07
    pricedays on market $237,500 Active 261 DOM
13. 2026-06-05
    days on market $239,999 Active 258 DOM
14. 2026-06-03
    days on market $239,999 Active 257 DOM
15. 2026-06-02
    days on market $239,999 Active 256 DOM
16. 2026-06-01
    days on market $239,999 Active 255 DOM
17. 2026-05-31
    days on market $239,999 Active 254 DOM
18. 2026-05-30
    days on market $239,999 Active 253 DOM
19. 2026-05-07
    price $239,999 975-char remark

    Show marketing remark (975 chars)

    Your new Dream Home is ready and waiting for you and your family to come home. Just installed beautiful luxury plank vinyl flooring all rooms, new 2 inch faux wood cordless window blinds, new Delta shower heads in bathrooms with spray wand, full interior paint; ceilings, walls, cabinets, doors and trim. The exterior was painted in Jan and new energy efficient low-e window panes were also installed. Home has Hunter ceiling fans in bedrooms and living room, rain gutters, window screens, new dual-flush water efficient toilets, master bedroom has private bathroom new roof Nov 2018. Home is located In the wonderful city of Lynn Haven near everything including Cain Griffin Park. To make it worry free living the Seller is transferring to new owner(s) a Home Warranty Premium Policy with approximately 24 months remaining on policy that has one of the industries lowest service call fees of just $75 per service call. Seller is a licensed real estate broker in Bay County.

20. 2026-04-28
    price $242,599 975-char remark

    Show marketing remark (975 chars)

    Your new Dream Home is ready and waiting for you and your family to come home. Just installed beautiful luxury plank vinyl flooring all rooms, new 2 inch faux wood cordless window blinds, new Delta shower heads in bathrooms with spray wand, full interior paint; ceilings, walls, cabinets, doors and trim. The exterior was painted in Jan and new energy efficient low-e window panes were also installed. Home has Hunter ceiling fans in bedrooms and living room, rain gutters, window screens, new dual-flush water efficient toilets, master bedroom has private bathroom new roof Nov 2018. Home is located In the wonderful city of Lynn Haven near everything including Cain Griffin Park. To make it worry free living the Seller is transferring to new owner(s) a Home Warranty Premium Policy with approximately 24 months remaining on policy that has one of the industries lowest service call fees of just $75 per service call. Seller is a licensed real estate broker in Bay County.

21. 2026-04-04
    price $243,500 975-char remark

    Show marketing remark (975 chars)

    Your new Dream Home is ready and waiting for you and your family to come home. Just installed beautiful luxury plank vinyl flooring all rooms, new 2 inch faux wood cordless window blinds, new Delta shower heads in bathrooms with spray wand, full interior paint; ceilings, walls, cabinets, doors and trim. The exterior was painted in Jan and new energy efficient low-e window panes were also installed. Home has Hunter ceiling fans in bedrooms and living room, rain gutters, window screens, new dual-flush water efficient toilets, master bedroom has private bathroom new roof Nov 2018. Home is located In the wonderful city of Lynn Haven near everything including Cain Griffin Park. To make it worry free living the Seller is transferring to new owner(s) a Home Warranty Premium Policy with approximately 24 months remaining on policy that has one of the industries lowest service call fees of just $75 per service call. Seller is a licensed real estate broker in Bay County.

22. 2025-12-04
    price $244,900 975-char remark

    Show marketing remark (975 chars)

    Your new Dream Home is ready and waiting for you and your family to come home. Just installed beautiful luxury plank vinyl flooring all rooms, new 2 inch faux wood cordless window blinds, new Delta shower heads in bathrooms with spray wand, full interior paint; ceilings, walls, cabinets, doors and trim. The exterior was painted in Jan and new energy efficient low-e window panes were also installed. Home has Hunter ceiling fans in bedrooms and living room, rain gutters, window screens, new dual-flush water efficient toilets, master bedroom has private bathroom new roof Nov 2018. Home is located In the wonderful city of Lynn Haven near everything including Cain Griffin Park. To make it worry free living the Seller is transferring to new owner(s) a Home Warranty Premium Policy with approximately 24 months remaining on policy that has one of the industries lowest service call fees of just $75 per service call. Seller is a licensed real estate broker in Bay County.

23. 2025-11-02
    price $249,000 975-char remark

    Show marketing remark (975 chars)

    Your new Dream Home is ready and waiting for you and your family to come home. Just installed beautiful luxury plank vinyl flooring all rooms, new 2 inch faux wood cordless window blinds, new Delta shower heads in bathrooms with spray wand, full interior paint; ceilings, walls, cabinets, doors and trim. The exterior was painted in Jan and new energy efficient low-e window panes were also installed. Home has Hunter ceiling fans in bedrooms and living room, rain gutters, window screens, new dual-flush water efficient toilets, master bedroom has private bathroom new roof Nov 2018. Home is located In the wonderful city of Lynn Haven near everything including Cain Griffin Park. To make it worry free living the Seller is transferring to new owner(s) a Home Warranty Premium Policy with approximately 24 months remaining on policy that has one of the industries lowest service call fees of just $75 per service call. Seller is a licensed real estate broker in Bay County.

24. 2025-09-19
    listed $256,900 Active 975-char remark

    Show marketing remark (975 chars)

    Your new Dream Home is ready and waiting for you and your family to come home. Just installed beautiful luxury plank vinyl flooring all rooms, new 2 inch faux wood cordless window blinds, new Delta shower heads in bathrooms with spray wand, full interior paint; ceilings, walls, cabinets, doors and trim. The exterior was painted in Jan and new energy efficient low-e window panes were also installed. Home has Hunter ceiling fans in bedrooms and living room, rain gutters, window screens, new dual-flush water efficient toilets, master bedroom has private bathroom new roof Nov 2018. Home is located In the wonderful city of Lynn Haven near everything including Cain Griffin Park. To make it worry free living the Seller is transferring to new owner(s) a Home Warranty Premium Policy with approximately 24 months remaining on policy that has one of the industries lowest service call fees of just $75 per service call. Seller is a licensed real estate broker in Bay County.

25. 2025-08-31
    historical
26. 2025-07-28
    price $239,900
27. 2025-06-25
    price $243,000
28. 2025-04-24
    price $245,000
29. 2025-02-13
    price $247,500
30. 2025-01-12
    status Active
31. 2024-12-09
    status Active
32. 2024-12-09
    price $249,900
33. 2024-11-24
    status Pending
34. 2024-11-11
    price $239,500
35. 2024-10-02
    listed $241,000 Active
36. 2004-08-09
    soldstatus $92,500
37. 1998-08-01
    soldstatus $66,900

ⓘ 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: $1,926 · $161/mo
• Projected year-2 tax: $1,971 · $164/mo
• Expected delta: +$45/yr (+$4/mo · 2.3%)

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

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥104°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: $20,665
• − Mortgage interest: −$13,304
• − Property taxes: −$1,926
• − Insurance: −$1,188
• − Repairs & maintenance: −$1,653
• − Management: −$1,653
• − Depreciation: −$6,909
• Taxable loss: −$5,968
• Est. tax savings @ 24.0%: +$1,432
• After-tax cash flow: $-302/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 — Lynn Haven

• Score: 81/100
• State rank: #96
• US rank: #1472

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lynn Haven, FL
• County: Bay County · 163,593 people
• City population: 21,459
• Metro: Panama City, FL
• Population (ZIP): 21,459
• Household income: $83,160
• Rent vs Own: 30.2% rent · 69.8% own
• Severe rent burden: 430.0

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: Predominantly White (75%)
• Race & ethnicity: White 75% Two or more races 11% Hispanic / Latino 10% Black 6% Asian 3%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2%
• Common ancestry: Lithuanian 3% Romanian 3% Serbian 2%
• Foreign-born: 10% · Canada, Vietnam, South Korea
• Languages at home: 87% English-only · Spanish 8% Russian/Polish/Slavic 1% Other Indo-European 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: ▼ -108.08%
• Current HPI: 263.5418
• Rent YoY: ▲ 2.52%
• 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

+258.7% since first listed

19 events — show timeline

• 2026-05-07 Price Changed $239,999 CPARMLS
• 2026-04-28 Price Changed $242,599 CPARMLS
• 2026-04-04 Price Changed $243,500 CPARMLS
• 2025-12-04 Price Changed $244,900 CPARMLS
• 2025-11-02 Price Changed $249,000 CPARMLS
• 2025-09-19 Listed $256,900 CPARMLS
• 2025-08-31 Listing Removed — CPARMLS
• 2025-07-28 Price Changed $239,900 CPARMLS
• 2025-06-25 Price Changed $243,000 CPARMLS
• 2025-04-24 Price Changed $245,000 CPARMLS
• 2025-02-13 Price Changed $247,500 CPARMLS
• 2025-01-12 Relisted — CPARMLS
• 2024-12-09 Relisted — CPARMLS
• 2024-12-09 Price Changed $249,900 CPARMLS
• 2024-11-24 Pending — CPARMLS
• 2024-11-11 Price Changed $239,500 CPARMLS
• 2024-10-02 Listed $241,000 CPARMLS
• 2004-08-09 Sold (Public Records) $92,500 Public Records
• 1998-08-01 Sold (Public Records) $66,900 Public Records

Property tax history

+5.6%/yr

Latest (2025): $1,926 · +11.8% YoY. Source: county tax records.