123 Marigold Ave · DeFuniak Springs, FL 32433

$159,900

3 bd · 2.0 ba · 1,216 sqft · Manufactured public records · 358 Days on market

Built 2007 0.69 ac lot Est $161k · at est.

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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 +27.3/30.0
• Appreciation +10.0/10.0
• DSCR +9.5/10.0
• ARV discount +7.7/15.0
• 1% rule +6.2/10.0
• Schools +5.2/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

NOT A SHORT SALE. This 2007 home is in move in ready condition. Inside you will find a split bedroom floor plan with 3 bedrooms and 2 full bathrooms. A big open kitchen with a dining area complete with a large living room. The master bedroom comes complete with a walk in closet, a master bathroom with double vanity, a separate shower and whirlpool tub. The entire house is wall to wall laminate wood flooring in great condition. Outside you will find a circular drive way for easy access and ample parking. This home won't last long . Buyers and Buyers agent to verify all information that is deemed important them.

Key facts

• Newer roof
• Hot water heater
• Updated hvac

Tags

• TRIPLE LOT
• CONCEALED LAUNDRY AREA
• NEWER ROOF
• UPDATED HVAC
• HOT WATER HEATER
• FRONT AND BACK COVERED PORCHES

Property features AI

Finance

• HOA & community: Subdivision: OAKWOOD HILLS UNIT 3

Exterior

• Parking: Driveway with space for 6 vehicles
• Utilities: Electric service; Public water; Septic tank; Cable TV
• Home design: Mobile home; Single-story
• Construction: Built in 2007; Vinyl siding; Shingle roof
• Exterior features: Yard building; Chain link fencing and partially fenced lot; Workshop; Covered deck; Porch; Cleared, level lot; Survey available; Dirt/clay road access

Interior

• Kitchen: Dishwasher; Microwave; Refrigerator
• Bedrooms: 3 bedrooms; Primary bedroom on the first floor with double vanity, garden tub, separate shower, and walk-in closet
• Flooring: Vinyl; Carpet
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air; Ceiling fans; Electric heat control
• Interior features: Breakfast bar; Washer/dryer hookup; Window treatments; Bay window
• 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 $160k.

Deal economics

• At list price, monthly cash flow is $464 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $160k).
• Recommended offer: $141k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.8% 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: 422 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 2,883 units permitted in Walton County in 2024 (1,322 in 5+ unit buildings).

Forward outlook

• In year one you build about $17k 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 $45k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$43k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 358 days — a 12% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 13y 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 $45k; list at $160k 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; 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 $140,712 (12.0% below list)

Questions for the listing agent

1. It's been on market 358 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: 1.12% ✓
• Cap rate: 9.77%
• Cash-on-cash: 12.43%
• DSCR: 1.55
• GRM: 7.4

CMA / ARV

• ARV (on-the-fly): $160,512
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
232 Amaryllis Ln	0.13mi	3/2.0	1,264 (+4%)	11mo	$205,000	$162	78
236 Laurel Dr	0.25mi	3/2.0	1,344 (+10%)	6mo	$60,000	$45	66
696 Passion Flower St	0.65mi	3/2.0	1,264 (+4%)	3mo	$182,000	$144	61
86 Walnut Dr	0.20mi	3/2.0	1,080 (-11%)	15mo	$159,900	$148	59
11 W Lafavre Ln	0.42mi	3/2.0	1,140 (-6%)	19mo	$153,000	$134	54
105 See Saw Bnd	0.23mi	3/2.0	1,352 (+11%)	20mo	$178,000	$132	53
32 E Buckeye St	0.67mi	3/2.0	1,252 (+3%)	17mo	$152,000	$121	50
350 W Dogwood Ave	0.69mi	3/2.0	1,320 (+9%)	7mo	$165,000	$125	48
201 Tangelo St	0.73mi	3/2.0	1,344 (+10%)	2mo	$60,000	$45	47
154 Orange Blossom Ave	0.61mi	3/2.0	1,140 (-6%)	17mo	$144,900	$127	47
228 White Rose St St	0.60mi	3/2.0	1,344 (+10%)	12mo	$178,000	$132	44
51 Clay Basket Ct	0.66mi	3/2.0	1,140 (-6%)	20mo	$150,000	$132	42

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: 33.4%
• Equity multiple: 3.60×
• Total profit: $116,545
• Equity at exit: $144,051

10-year hold

• IRR: 28.8%
• Equity multiple: 8.14×
• Total profit: $319,852
• Equity at exit: $310,651

Cash invested: $44,772 (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: 7.4×

Monthly cashflow live

• Estimated rent: $1,791 medium
• Mortgage (P&I): −$839
• Tax from tax record: −$46 /mo · $549/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$376
• Net cashflow: $464

Break-even live

Break-even rent $1,204

Max offer price $159,900

Occupancy floor 69%

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: $39,975
• Closing costs: $4,797
• Reserves months: —
• Total cash needed: —

Rent comps 3 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	13d	1	0.08mi
71 Lafavre Ln Defuniak Springs, FL	2.0	1.0	806	$1,650	$2.05	20d	1	0.44mi
150 Hibiscus Ave Defuniak Springs, FL	3.0	2.0	1256	$1,950	$1.55	20d	1	0.93mi

Listing history 11 events

1. 2026-05-31
   days on market $159,900 Active 358 DOM
2. 2026-05-30
   days on market $159,900 Active 357 DOM
3. 2025-09-26
   price $159,900
4. 2025-06-06
   listed $164,900 Active
5. 2025-04-17
   price $165,000
6. 2024-12-04
   price $175,000
7. 2024-11-01
   listed $189,999 Active
8. 2014-11-03
   soldstatus $44,900 617-char remark

   Show marketing remark (617 chars)

   NOT A SHORT SALE. This 2007 home is in move in ready condition. Inside you will find a split bedroom floor plan with 3 bedrooms and 2 full bathrooms. A big open kitchen with a dining area complete with a large living room. The master bedroom comes complete with a walk in closet, a master bathroom with double vanity, a separate shower and whirlpool tub. The entire house is wall to wall laminate wood flooring in great condition. Outside you will find a circular drive way for easy access and ample parking. This home won't last long . Buyers and Buyers agent to verify all information that is deemed important them.

9. 2014-11-03
   soldstatus $44,900 617-char remark

   Show marketing remark (617 chars)

   NOT A SHORT SALE. This 2007 home is in move in ready condition. Inside you will find a split bedroom floor plan with 3 bedrooms and 2 full bathrooms. A big open kitchen with a dining area complete with a large living room. The master bedroom comes complete with a walk in closet, a master bathroom with double vanity, a separate shower and whirlpool tub. The entire house is wall to wall laminate wood flooring in great condition. Outside you will find a circular drive way for easy access and ample parking. This home won't last long . Buyers and Buyers agent to verify all information that is deemed important them.

10. 2013-04-29
    listed $44,900 617-char remark

    Show marketing remark (617 chars)

    NOT A SHORT SALE. This 2007 home is in move in ready condition. Inside you will find a split bedroom floor plan with 3 bedrooms and 2 full bathrooms. A big open kitchen with a dining area complete with a large living room. The master bedroom comes complete with a walk in closet, a master bathroom with double vanity, a separate shower and whirlpool tub. The entire house is wall to wall laminate wood flooring in great condition. Outside you will find a circular drive way for easy access and ample parking. This home won't last long . Buyers and Buyers agent to verify all information that is deemed important them.

11. 2008-04-30
    soldstatus $30,400

ⓘ 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: $549 · $46/mo
• Projected year-2 tax: $1,327 · $111/mo
• Expected delta: +$778/yr (+$65/mo · 141.7%)

ⓘ 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: $21,486
• − Mortgage interest: −$8,957
• − Property taxes: −$549
• − Insurance: −$800
• − Repairs & maintenance: −$1,719
• − Management: −$1,719
• − Depreciation: −$4,652
• Taxable income: $3,091
• Est. tax owed @ 24.0%: −$742
• After-tax cash flow: $4,821/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

+426.0% since first listed

9 events — show timeline

• 2025-09-26 Price Changed $159,900 ECAR
• 2025-06-06 Listed $164,900 ECAR
• 2025-04-17 Price Changed $165,000 ECAR
• 2024-12-04 Price Changed $175,000 ECAR
• 2024-11-01 Listed $189,999 ECAR
• 2014-11-03 Sold (MLS) $44,900 NAMLS
• 2014-11-03 Sold (MLS) $44,900 ECAR
• 2013-04-29 Listed $44,900 NAMLS
• 2008-04-30 Sold (Public Records) $30,400 Public Records

Property tax history

+2.6%/yr

Latest (2025): $549 · +181.0% YoY. Source: county tax records.