158 W Violet Ln · DeFuniak Springs, FL 32433

$149,900

3 bd · 2.0 ba · 1,512 sqft · Manufactured public records · 38 Days on market

Built 2022 10,018 sqft lot Est $189k · 21% under ↓ 11% since listing

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Why this score? — see what drove the A- 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 +28.9/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• 1% rule +7.1/10.0
• 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

ALMOST MOVE IN READY 3 Bedroom 2 Bath Manufactured Home. This home is ENERGY STAR RATED with upgraded insulation, OSB Wrap with House Wrap, Lux Low E Thermo-Pane Windows that fold down for easy cleaning & maintenance. This home has a framed accent wall in the living area making a beautiful focal point. Kitchen is equipped with deep stainless steel kitchen sink, cabinet/wall encased refrigerator, oversized island perfect for entertaining and a coffee bar set-up between the kitchen and laundry room. The master bathroom features a double vanity and 40'X60' soaker tub/shower combo, with 1 walk in closet in the bathroom and another walk in closet in the master bedroom. Bedrooms 2 & 3 also have walk in closets while the hall bathroom offers another tub/shower combo. Home will have 5 year homebuyer protection plan in place at the time of a successful closing. You will have about a 15 minute drive to historic downtown DeFuniak Springs and an hour drive to the beautiful white sandy beaches of South Walton. Give us a call to schedule your showing. Check out the virtual tour uploaded with the photos. Staged photos and virtual tour are of the model home and may have a few different features than the actual home. You can also find beautiful Beaver Lake directly across the street.

Key facts

• Wooded homesite
• Open space
• Paved road

Tags

• LAKE VIEWS
• OPEN SPACE
• WATERFRONT PARK
• PAVED ROAD
• WOODED HOMESITE
• OPEN CONCEPT LAYOUT

Property features AI

Finance

• HOA & community: Subdivision: OAKWOOD HILLS UNIT 3

Exterior

• Parking: 2 driveway spaces
• Utilities: Electric service; Public water; Septic tank; Tap fee paid
• Home design: Mobile home; 1 story; Built in 2022; Entry level: First floor
• Construction: Frame construction with vinyl siding and trim; Pitched roof; Composite shingle roof; Foundation on pilings
• Exterior features: Open deck; Open porch; Cleared and level lot; Interior lot with some wooded areas; Within 1/2 mile to water; Lake and pond views; Paved county road frontage

Interior

• Kitchen: Dishwasher; Microwave; Refrigerator; Electric water heater
• Bedrooms: 3 bedrooms; Master bedroom on the first floor with double vanity, garden tub and walk-in closet
• Flooring: Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air; Ceiling fans; Electric heat control; Roof vent
• Interior features: Kitchen island; Recessed lighting; Pantry; Split-bedroom layout; Washer/dryer hookup; Window treatments; Unfurnished
• Laundry & utility: Washer; Dryer; Washer/dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $150k.

Deal economics

• At list price, monthly cash flow is $508 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $145k (3.0% below list) — sets the bar for market timing.
• Cap rate 10.4% 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).
• This rent runs 42% 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 $16k of equity ($1k loan paydown + $15k 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 $42k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$41k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 38 days — a 3% lower offer ($145k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 5y ago; this cycle's ask has dropped $10k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.

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 $145,403 (3.0% below list)

Questions for the listing agent

1. It's been on market 38 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 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?
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: 1.21% ✓
• Cap rate: 10.36%
• Cash-on-cash: 14.52%
• DSCR: 1.65
• GRM: 6.9

CMA / ARV

• ARV (on-the-fly): $189,000
• Comps found: 10

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
210 Amaryllis Ln	0.48mi	4/2.0 (+1)	1,475 (-2%)	1mo	$187,500	$127	68
524 E Tiger Lily Ln	0.59mi	4/2.0 (+1)	1,480 (-2%)	3mo	$192,000	$130	62
236 Laurel Dr	0.34mi	3/2.0	1,344 (-11%)	6mo	$60,000	$45	61
216 Girl Scout Rd	0.32mi	4/2.0 (+1)	1,475 (-2%)	20mo	$178,000	$121	60
275 E Violet Ln	0.43mi	4/2.0 (+1)	1,400 (-7%)	10mo	$130,000	$93	54
552 Shorey Dr	0.73mi	4/2.0 (+1)	1,475 (-2%)	8mo	$160,000	$108	50
228 White Rose St St	0.49mi	3/2.0	1,344 (-11%)	12mo	$178,000	$132	49
350 W Dogwood Ave	0.58mi	3/2.0	1,320 (-13%)	7mo	$165,000	$125	46
105 See Saw Bnd	0.58mi	3/2.0	1,352 (-11%)	20mo	$178,000	$132	38
224 Passion Flower St	0.66mi	2/2.0 (-1)	1,296 (-14%)	21mo	$91,000	$70	23

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: 35.0%
• Equity multiple: 3.71×
• Total profit: $113,942
• Equity at exit: $135,042

10-year hold

• IRR: 30.1%
• Equity multiple: 8.39×
• Total profit: $310,033
• Equity at exit: $291,223

Cash invested: $41,972 (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: 6.9×

Monthly cashflow live

• Estimated rent: $1,820 medium
• Mortgage (P&I): −$786
• Tax from tax record: −$81 /mo · $976/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$382
• Net cashflow: $508

Break-even live

Break-even rent $1,177

Max offer price $149,900

Occupancy floor 67%

Sensitivity live

Price	-10% $593	-5% $550	+0% $508	+5% $465	+10% $423
Rent	-10% $364	-5% $436	+0% $508	+5% $580	+10% $652
Rate	-1.0pp $583	-0.5pp $546	base $508	+0.5pp $469	+1.0pp $429

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: $37,475
• Closing costs: $4,497
• 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	14d	1	0.42mi
150 Hibiscus Ave Defuniak Springs, FL	3.0	2.0	1256	$1,950	$1.55	22d	1	0.92mi

Listing history 27 events

1. 2026-06-21
   days on market $149,900 Active 38 DOM
2. 2026-06-18
   days on market $149,900 Active 35 DOM
3. 2026-06-18
   price $149,900 Active 34 DOM
4. 2026-06-17
   days on market $159,900 Active 34 DOM
5. 2026-06-16
   days on market $159,900 Active 33 DOM
6. 2026-06-15
   days on market $159,900 Active 32 DOM
7. 2026-06-14
   days on market $159,900 Active 30 DOM
8. 2026-06-13
   days on market $159,900 Active 29 DOM
9. 2026-06-10
   days on market $159,900 Active 27 DOM
10. 2026-06-09
    days on market $159,900 Active 26 DOM
11. 2026-06-08
    days on market $159,900 Active 25 DOM
12. 2026-06-07
    days on market $159,900 Active 24 DOM
13. 2026-06-05
    days on market $159,900 Active 21 DOM
14. 2026-06-03
    days on market $159,900 Active 20 DOM
15. 2026-06-02
    days on market $159,900 Active 19 DOM
16. 2026-06-01
    days on market $159,900 Active 18 DOM
17. 2026-05-31
    days on market $159,900 Active 17 DOM
18. 2026-05-30
    days on market $159,900 Active 16 DOM
19. 2026-05-14
    listed $159,900 Active
20. 2025-10-04
    price $170,000
21. 2025-08-28
    price $179,900
22. 2025-07-02
    price $185,000
23. 2025-05-19
    price $187,500
24. 2025-01-08
    listed $189,500 Active
25. 2022-02-21
    soldstatus $181,000 Sold 1297-char remark

    Show marketing remark (1297 chars)

    ALMOST MOVE IN READY 3 Bedroom 2 Bath Manufactured Home. This home is ENERGY STAR RATED with upgraded insulation, OSB Wrap with House Wrap, Lux Low E Thermo-Pane Windows that fold down for easy cleaning & maintenance. This home has a framed accent wall in the living area making a beautiful focal point. Kitchen is equipped with deep stainless steel kitchen sink, cabinet/wall encased refrigerator, oversized island perfect for entertaining and a coffee bar set-up between the kitchen and laundry room. The master bathroom features a double vanity and 40'X60' soaker tub/shower combo, with 1 walk in closet in the bathroom and another walk in closet in the master bedroom. Bedrooms 2 & 3 also have walk in closets while the hall bathroom offers another tub/shower combo. Home will have 5 year homebuyer protection plan in place at the time of a successful closing. You will have about a 15 minute drive to historic downtown DeFuniak Springs and an hour drive to the beautiful white sandy beaches of South Walton. Give us a call to schedule your showing. Check out the virtual tour uploaded with the photos. Staged photos and virtual tour are of the model home and may have a few different features than the actual home. You can also find beautiful Beaver Lake directly across the street.

26. 2022-01-03
    status Pending 1297-char remark

    Show marketing remark (1297 chars)

    ALMOST MOVE IN READY 3 Bedroom 2 Bath Manufactured Home. This home is ENERGY STAR RATED with upgraded insulation, OSB Wrap with House Wrap, Lux Low E Thermo-Pane Windows that fold down for easy cleaning & maintenance. This home has a framed accent wall in the living area making a beautiful focal point. Kitchen is equipped with deep stainless steel kitchen sink, cabinet/wall encased refrigerator, oversized island perfect for entertaining and a coffee bar set-up between the kitchen and laundry room. The master bathroom features a double vanity and 40'X60' soaker tub/shower combo, with 1 walk in closet in the bathroom and another walk in closet in the master bedroom. Bedrooms 2 & 3 also have walk in closets while the hall bathroom offers another tub/shower combo. Home will have 5 year homebuyer protection plan in place at the time of a successful closing. You will have about a 15 minute drive to historic downtown DeFuniak Springs and an hour drive to the beautiful white sandy beaches of South Walton. Give us a call to schedule your showing. Check out the virtual tour uploaded with the photos. Staged photos and virtual tour are of the model home and may have a few different features than the actual home. You can also find beautiful Beaver Lake directly across the street.

27. 2021-12-28
    listed $179,995 Active 1297-char remark

    Show marketing remark (1297 chars)

    ALMOST MOVE IN READY 3 Bedroom 2 Bath Manufactured Home. This home is ENERGY STAR RATED with upgraded insulation, OSB Wrap with House Wrap, Lux Low E Thermo-Pane Windows that fold down for easy cleaning & maintenance. This home has a framed accent wall in the living area making a beautiful focal point. Kitchen is equipped with deep stainless steel kitchen sink, cabinet/wall encased refrigerator, oversized island perfect for entertaining and a coffee bar set-up between the kitchen and laundry room. The master bathroom features a double vanity and 40'X60' soaker tub/shower combo, with 1 walk in closet in the bathroom and another walk in closet in the master bedroom. Bedrooms 2 & 3 also have walk in closets while the hall bathroom offers another tub/shower combo. Home will have 5 year homebuyer protection plan in place at the time of a successful closing. You will have about a 15 minute drive to historic downtown DeFuniak Springs and an hour drive to the beautiful white sandy beaches of South Walton. Give us a call to schedule your showing. Check out the virtual tour uploaded with the photos. Staged photos and virtual tour are of the model home and may have a few different features than the actual home. You can also find beautiful Beaver Lake directly across the street.

ⓘ 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: $976 · $81/mo
• Projected year-2 tax: $1,244 · $104/mo
• Expected delta: +$268/yr (+$22/mo · 27.4%)

ⓘ 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: $21,838
• − Mortgage interest: −$8,397
• − Property taxes: −$976
• − Insurance: −$750
• − Repairs & maintenance: −$1,747
• − Management: −$1,747
• − Depreciation: −$4,361
• Taxable income: $3,861
• Est. tax owed @ 24.0%: −$927
• After-tax cash flow: $5,167/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

-11.2% since first listed

9 events — show timeline

• 2026-05-14 Listed $159,900 ECAR
• 2025-10-04 Price Changed $170,000 ECAR
• 2025-08-28 Price Changed $179,900 ECAR
• 2025-07-02 Price Changed $185,000 ECAR
• 2025-05-19 Price Changed $187,500 ECAR
• 2025-01-08 Listed $189,500 ECAR
• 2022-02-21 Sold (MLS) $181,000 ECAR
• 2022-01-03 Pending — ECAR
• 2021-12-28 Listed $179,995 ECAR

Property tax history

+60.4%/yr

Latest (2025): $976 · +0.6% YoY. Source: county tax records.