136 Juniper Lake Rd · DeFuniak Springs, FL 32433

$164,900

3 bd · 1.0 ba · 1,320 sqft · SingleFamily public records · 64 Days on market

Built 1973 0.32 ac lot Est $249k · 34% 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 +26.1/30.0
• ARV discount +15.0/15.0
• Appreciation +10.0/10.0
• DSCR +8.8/10.0
• 1% rule +6.1/10.0
• Schools +5.2/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

Discover the Best Small Town in Florida! Experience the perfect blend of historic charm and modern convenience in this highly desired location. Situated on Juniper Lake Road, this property puts you in the heart of DeFuniak Springs, voted ''Best Small Town in Florida. '' Whether you are looking for a peaceful primary residence or a savvy investment, this location offers a lifestyle of recreation and relaxation. The lot will be divided at closing. HOWEVER, for an additional $20,000, you can secure the entire lot! Keep the extra space for a massive backyard or hold it as an investment. Prime Location: Just minutes from Walton High School and the vibrant downtown district. Buyer to verify al

Key facts

• Modern convenience
• Walton high school
• Historic charm

Tags

• HISTORIC CHARM
• MODERN CONVENIENCE
• MASSIVE BACKYARD
• PRIME LOCATION
• WALTON HIGH SCHOOL
• VIBRANT DOWNTOWN DISTRICT

Property features AI

Finance

• Other: No pool

Exterior

• Parking: Driveway with space for 3 vehicles
• Utilities: Public water; Public sewer; Electric service
• Home design: Ranch-style single-story home; Built in 1973
• Construction: Building area reported as 1320 square feet
• Exterior features: Lot approximately 0.32 acres; Lot dimensions about 134 x 100; Subdivision: Juniper Lake Estates

Interior

• Kitchen: Electric water heater listed among appliances
• Bedrooms: Three bedrooms, all on the first floor
• Bathrooms: Two bathrooms (1 full, 1 half)
• Heating & cooling: Central heating; Electric heat control
• Interior features: Living room on the first floor; Dining area on the first floor; Five total rooms

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $165k.

Deal economics

• At list price, monthly cash flow is $416 ($5k/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: $155k (6.0% below list) — sets the bar for market timing.
• Cap rate 9.3% 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: Maude Saunders Elementary School (math 58% / reading 52%, grade C, #872 of 2,144 statewide, top 42%, 553 students, 87% FRL); Walton High School (math 52% / reading 53%, grade C-, #154 of 667 statewide, top 24%, 856 students, 65% FRL) — zoned schools average 76% FRL vs 48% district-wide (28 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 423 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); 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 $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 ~2 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 64 days — a 6% lower offer ($155k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $38k; list at $165k implies a 333% 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 $155,006 (6.0% below list)

Questions for the listing agent

1. It's been on market 64 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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 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?
6. 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?
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: 1.11% ✓
• Cap rate: 9.32%
• Cash-on-cash: 10.80%
• DSCR: 1.48
• GRM: 7.5

CMA / ARV

• ARV (on-the-fly): $249,480
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
81 Spooner St	0.17mi	3/2.0	1,295 (-2%)	1mo	$245,000	$189	84
51 Spooner St	0.35mi	3/2.0	1,295 (-2%)	1mo	$246,800	$191	76
329 Timber Wind Dr	0.57mi	3/2.0	1,304 (-1%)	11mo	$225,000	$173	58
1155 N 20th St. St	0.55mi	3/1.5	1,400 (+6%)	6mo	$225,000	$161	57
145 Timber Wind Dr	0.59mi	3/2.0	1,233 (-7%)	2mo	$200,000	$162	56
481 Timber Wind Dr	0.62mi	3/2.0	1,240 (-6%)	3mo	$250,000	$202	55
752 Magnolia Lake Dr	0.59mi	3/2.0	1,416 (+7%)	2mo	$356,950	$252	55
480 Timber Wind Dr	0.58mi	3/2.0	1,218 (-8%)	2mo	$225,000	$185	54
140 Orson Dr	0.34mi	4/1.0 (+1)	1,456 (+10%)	15mo	$227,000	$156	49
179 Timber Wind Dr	0.56mi	3/2.0	1,179 (-11%)	12mo	$210,000	$178	42
1095 N 20th St	0.61mi	3/2.0	1,233 (-7%)	20mo	$245,000	$199	40
97 Timber Wind Dr	0.62mi	3/2.0	1,182 (-10%)	12mo	$225,000	$190	40

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: 32.2%
• Equity multiple: 3.52×
• Total profit: $116,243
• Equity at exit: $148,555

10-year hold

• IRR: 27.8%
• Equity multiple: 7.96×
• Total profit: $321,430
• Equity at exit: $320,364

Cash invested: $46,172 (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: 7.5×

Monthly cashflow live

• Estimated rent: $1,837 medium
• Mortgage (P&I): −$865
• Tax from tax record: −$103 /mo · $1,230/yr
• Insurance: −$69
• HOA: −$0
• Vacancy / Maint / Mgmt: −$386
• Net cashflow: $416

Break-even live

Break-even rent $1,311

Max offer price $164,900

Occupancy floor 72%

Sensitivity live

Price	-10% $509	-5% $462	+0% $416	+5% $369	+10% $322
Rent	-10% $270	-5% $343	+0% $416	+5% $488	+10% $561
Rate	-1.0pp $499	-0.5pp $458	base $416	+0.5pp $373	+1.0pp $329

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: $41,225
• Closing costs: $4,947
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
51 Yearling Ct Defuniak Springs, FL	3.0	2.0	1397	$1,895	$1.36	22d	1	0.80mi
51 Yearling Ct Defuniak Springs, FL	3.0	2.0	1397	$1,750	$1.25	14d	1	0.80mi
594 Hunters Ridge Rd Defuniak Springs, FL	3.0	2.0	1654	$1,950	$1.18	14d	1	0.91mi

Listing history 21 events

1. 2026-06-21
   days on market $164,900 Active 64 DOM
2. 2026-06-18
   days on market $164,900 Active 61 DOM
3. 2026-06-17
   days on market $164,900 Active 60 DOM
4. 2026-06-16
   days on market $164,900 Active 59 DOM
5. 2026-06-15
   days on market $164,900 Active 58 DOM
6. 2026-06-14
   days on market $164,900 Active 56 DOM
7. 2026-06-13
   days on market $164,900 Active 55 DOM
8. 2026-06-10
   days on market $164,900 Active 53 DOM
9. 2026-06-09
   days on market $164,900 Active 52 DOM
10. 2026-06-08
    days on market $164,900 Active 51 DOM
11. 2026-06-07
    days on market $164,900 Active 50 DOM
12. 2026-06-05
    days on market $164,900 Active 47 DOM
13. 2026-06-03
    days on market $164,900 Active 46 DOM
14. 2026-06-03
    days on market $164,900 Active 45 DOM
15. 2026-06-01
    days on market $164,900 Active 44 DOM
16. 2026-05-31
    days on market $164,900 Active 43 DOM
17. 2026-05-30
    days on market $164,900 Active 42 DOM
18. 2026-04-17
    listed $164,900 Active
19. 1992-08-06
    soldstatus $38,074
20. 1992-05-22
    soldstatus $25,000
21. 1980-03-01
    soldstatus $29,000

ⓘ 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: $1,230 · $103/mo
• Projected year-2 tax: $1,369 · $114/mo
• Expected delta: +$138/yr (+$12/mo · 11.2%)

ⓘ 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 8/10 Severe 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: $22,050
• − Mortgage interest: −$9,237
• − Property taxes: −$1,230
• − Insurance: −$824
• − Repairs & maintenance: −$1,764
• − Management: −$1,764
• − Depreciation: −$4,797
• Taxable income: $2,433
• Est. tax owed @ 24.0%: −$584
• After-tax cash flow: $4,403/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

• Census place: DeFuniak Springs, FL
• 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

+468.6% since first listed

4 events — show timeline

• 2026-04-17 Listed $164,900 ECAR
• 1992-08-06 Sold (Public Records) $38,074 Public Records
• 1992-05-22 Sold (Public Records) $25,000 Public Records
• 1980-03-01 Sold (Public Records) $29,000 Public Records

Property tax history

+4.4%/yr

Latest (2025): $1,230 · +5.3% YoY. Source: county tax records.