316 E Lafavre Ln · DeFuniak Springs, FL 32433

$189,900

4 bd · 2.0 ba · 1,475 sqft · Manufactured · 71 Days on market

Built 2025 Good condition 10,018 sqft lot Est $192k · at est.

---

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 +21.1/30.0
• Appreciation +10.0/10.0
• ARV discount +7.9/15.0
• DSCR +6.7/10.0
• 1% rule +5.5/10.0
• Schools +5.2/10.0
• Condition / age +4.0/5.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0

Listing remarks

Welcome to this beautiful brand-new 4-bedroom, 2-bath home located on a 1/4 acre lot. Designed with a desirable split floor plan, this home provides added privacy for the primary suite while maintaining a natural flow ideal for everyday living. The upgraded kitchen is a true highlight, featuring stainless steel appliances, a sleek vent hood, custom color cabinetry, and a dedicated coffee bar that adds both style and convenience. The thoughtful layout makes the kitchen the heart of the home, perfect for gathering with family or hosting guests. Brick skirting enhances the exterior with durability and curb appeal, while the large back deck creates an inviting outdoor space. With four spacious

Key facts

• 0.23 acre lot
• 6 parking spots
• Built 2025

Property features AI

Finance

• HOA & community: Located in the Oakwood Hills Unit 1 subdivision

Exterior

• Parking: Driveway with 6 parking spaces
• Utilities: Electric service; Public water; Septic tank
• Home design: Mobile home style; Single-story
• Construction: Composite shingle roof; Vinyl siding; Off-grade foundation; Built in 2025
• Exterior features: Partially fenced lot; Open deck; Level lot; Survey available; Road frontage on a county road with dirt/clay access

Interior

• Kitchen: Kitchen located on the first floor; Dishwasher
• Bedrooms: 4 bedrooms (master bedroom on the first floor)
• Flooring: Vinyl flooring
• Bathrooms: 2 full bathrooms; Master bathroom with double vanity, shower-only, and walk-in closet
• Heating & cooling: Central heating; Central air conditioning; Electric heat controls
• Interior features: Kitchen island; Split bedroom floor plan; Washer/dryer hookup; Family room
• Laundry & utility: Laundry room on the first floor; Washer/dryer hookup

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath manufactured listed at $190k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $270 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $190k).
• Recommended offer: $179k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.0% 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; 2 comparable units currently listed for rent nearby; 2,883 units permitted in Walton County in 2024 (1,322 in 5+ unit buildings).
• At $2,003/mo this rent would consume 46% of the median local household income ($52k/yr) (locally 356% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $20k of equity ($1k loan paydown + $19k 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 $53k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$33k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 71 days — a 6% lower offer ($179k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts; this cycle's ask has dropped $35k (16%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $178,506 (6.0% below list)

Questions for the listing agent

1. It's been on market 71 days. Have you received any prior offers? Is the seller open to a 6% 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: 1.05% ✓
• Cap rate: 8.00%
• Cash-on-cash: 6.09%
• DSCR: 1.27
• GRM: 7.9

CMA / ARV

• ARV (on-the-fly): $191,750
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
275 E Violet Ln	0.10mi	4/2.0	1,400 (-5%)	10mo	$130,000	$93	78
524 E Tiger Lily Ln	0.44mi	4/2.0	1,480 (+0%)	3mo	$192,000	$130	76
210 Amaryllis Ln	0.55mi	4/2.0	1,475 (0%)	1mo	$187,500	$127	73
216 Girl Scout Rd	0.22mi	4/2.0	1,475 (0%)	20mo	$178,000	$121	73
236 Laurel Dr	0.27mi	3/2.0 (-1)	1,344 (-9%)	6mo	$60,000	$45	63
40 E Poinsetta Ave	0.57mi	3/2.0 (-1)	1,475 (0%)	7mo	$225,000	$153	63
350 W Dogwood Ave	0.22mi	3/2.0 (-1)	1,320 (-10%)	7mo	$165,000	$125	62
736 Shorey Dr	0.48mi	4/2.0	1,475 (0%)	24mo	$191,198	$130	58
696 Passion Flower St	0.53mi	3/2.0 (-1)	1,264 (-14%)	3mo	$182,000	$144	44
130 E Dogwood Ave	0.71mi	3/2.0 (-1)	1,456 (-1%)	19mo	$204,900	$141	44
232 Amaryllis Ln	0.55mi	3/2.0 (-1)	1,264 (-14%)	11mo	$205,000	$162	36
105 See Saw Bnd	0.70mi	3/2.0 (-1)	1,352 (-8%)	20mo	$178,000	$132	31

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: 28.7%
• Equity multiple: 3.27×
• Total profit: $120,644
• Equity at exit: $171,077

10-year hold

• IRR: 25.0%
• Equity multiple: 7.43×
• Total profit: $341,819
• Equity at exit: $368,934

Cash invested: $53,172 (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: 422
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $2,003 medium
• Mortgage (P&I): −$996
• Tax est. 1.5%: −$237 /mo · $2,848/yr
• Insurance: −$79
• HOA: −$0
• Vacancy / Maint / Mgmt: −$421
• Net cashflow: $270

Break-even live

Break-even rent $1,661

Max offer price $189,900

Occupancy floor 82%

Sensitivity live

Price	-10% $401	-5% $336	+0% $270	+5% $204	+10% $139
Rent	-10% $112	-5% $191	+0% $270	+5% $349	+10% $428
Rate	-1.0pp $366	-0.5pp $318	base $270	+0.5pp $221	+1.0pp $171

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: $47,475
• Closing costs: $5,697
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
150 Hibiscus Ave Defuniak Springs, FL	3.0	2.0	1256	$1,950	$1.55	21d	1	0.57mi
135 Tiger Lily Ln Defuniak Springs, FL	3.0	2.0	1114	$1,795	$1.61	14d	1	0.58mi

Listing history 27 events

1. 2026-06-18
   days on market $189,900 Active 71 DOM
2. 2026-06-17
   days on market $189,900 Active 70 DOM
3. 2026-06-16
   price $189,900 Active 69 DOM
4. 2026-06-16
   days on market $194,900 Active 69 DOM
5. 2026-06-15
   days on market $194,900 Active 68 DOM
6. 2026-06-14
   days on market $194,900 Active 66 DOM
7. 2026-06-13
   days on market $194,900 Active 65 DOM
8. 2026-06-10
   days on market $194,900 Active 63 DOM
9. 2026-06-09
   days on market $194,900 Active 62 DOM
10. 2026-06-08
    days on market $194,900 Active 61 DOM
11. 2026-06-07
    days on market $194,900 Active 60 DOM
12. 2026-06-05
    days on market $194,900 Active 57 DOM
13. 2026-06-03
    days on market $194,900 Active 56 DOM
14. 2026-06-03
    days on market $194,900 Active 55 DOM
15. 2026-06-01
    days on market $194,900 Active 54 DOM
16. 2026-05-31
    days on market $194,900 Active 53 DOM
17. 2026-05-30
    days on market $194,900 Active 52 DOM
18. 2026-05-24
    price $244,900
19. 2026-05-24
    price $219,900
20. 2026-05-24
    price $194,900
21. 2026-04-09
    listed $249,900 Active
22. 2026-04-09
    listed $224,900 Active
23. 2026-04-08
    listed $199,900 Active
24. 2026-02-25
    price $199,900
25. 2026-01-08
    price $209,900
26. 2025-11-12
    price $199,995
27. 2025-09-25
    listed $209,995 Active

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

Taxation est. · year 1

• Rental income: $24,034
• − Mortgage interest: −$10,637
• − Property taxes: −$2,848
• − Insurance: −$950
• − Repairs & maintenance: −$1,923
• − Management: −$1,923
• − Depreciation: −$5,524
• Taxable income: $229
• Est. tax owed @ 24.0%: −$55
• After-tax cash flow: $3,184/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.

Condition & rehab AI · 12 photos

Good 80/100 None rehab

This brand-new 4-bedroom, 2-bath home is in excellent condition with modern finishes and a desirable split floor plan. It offers a spacious interior, a well-maintained exterior, and a large back deck. Potential buyers and renters will appreciate the home's curb appeal and natural flow.

Value-add opportunities

• Both Landscaping and curb appeal improvements — Enhances the home's appeal and could attract more buyers or renters.
• Both Painting exterior and interior walls — Fresh paint can improve the home's curb appeal and interior aesthetics.
• Both Landscaping and adding outdoor furniture — Improves the outdoor living space and adds value for both resale and rental purposes.

Renovation cost estimate screening

Value-add ROI direction

• Both Landscaping and curb appeal improvements — Enhances the home's appeal and could attract more buyers or renters. ↑
• Both Painting exterior and interior walls — Fresh paint can improve the home's curb appeal and interior aesthetics. ↑
• Both Landscaping and adding outdoor furniture — Improves the outdoor living space and adds value for both resale and rental purposes. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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

+16.6% since first listed

10 events — show timeline

• 2026-05-24 Price Changed $244,900 ECAR
• 2026-05-24 Price Changed $219,900 ECAR
• 2026-05-24 Price Changed $194,900 ECAR
• 2026-04-09 Listed $224,900 ECAR
• 2026-04-09 Listed $249,900 ECAR
• 2026-04-08 Listed $199,900 ECAR
• 2026-02-25 Price Changed $199,900 ECAR
• 2026-01-08 Price Changed $209,900 ECAR
• 2025-11-12 Price Changed $199,995 ECAR
• 2025-09-25 Listed $209,995 ECAR