276 Squirrel Rd · DeFuniak Springs, FL 32433

$240,000

1 bd · 1.0 ba · 1,075 sqft · SingleFamily public records · 191 Days on market

Built 2018 2.53 ac lot Est $187k · 28% over

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Why this score? — see what drove the F 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).

• Appreciation +10.0/10.0
• Cash flow +6.6/30.0
• Schools +5.2/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +0.8/10.0
• 1% rule +0.3/10.0
• ARV discount +0.0/15.0

Listing remarks

~Seller Offering Short Term Owner Financing with 30% down ~ Welcome to your custom-built Craftsman retreat with stunning lake views. Nestled on 2.5 acres overlooking Lake Juniper, this property offers endless possibilities--build an additional home, add a workshop, or bring your RV and create your own private compound. Thoughtfully constructed with 2x6 framing, soaring 10-foot ceilings, and a durable metal roof, the home blends quality craftsmanship with timeless design. The open floor plan flows seamlessly to expansive porches, creating the perfect canvas to customize, entertain, or simply take in the peaceful surroundings. Space, flexibility, and views--this is where your vision comes to

Key facts

• True laundry room
• Large walk-in shower
• 2.53 acre lot

Tags

• CUSTOM CRAFTSMAN ESCAPE
• LARGE WALK-IN SHOWER
• TRUE LAUNDRY ROOM
• COVERED PATIO OVERLOOKING LAKE
• CONVENIENT COVERED CARPORT
• PRIVATE LAKEFRONT SANCTUARY

Property features AI

Finance

• HOA & community: Subdivision: METES & BOUNDS

Exterior

• Parking: Carport with about 8 driveway spaces
• Utilities: Electric service available; Propane gas available; Public water; Private well; Septic tank; Sewer available
• Home design: Craftsman-style single-story home; Built in 2018
• Construction: Appraiser-recorded building area of 1,075 total square feet
• Exterior features: Approximately 2.53-acre lot with irregular dimensions; Additional land available; Lakefront property

Interior

• Kitchen: Kitchen adjacent to living area
• Bedrooms: One bedroom (first floor) — approximately 13.0' x 12.5'
• Bathrooms: One full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Three total rooms; Living room on the first floor; Kitchen on the first floor

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $240k.

Deal economics

• At list price, monthly cash flow is $-398 ($-5k/yr) — negative.
• To cash-flow at today's rent, offer at most $170k (29.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $128k (46.5% below list).
• Recommended offer: $128k (46.5% below list) — sets the bar for 1% rule.

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: West Defuniak Elementary School (math 67% / reading 57%, grade B, #608 of 2,144 statewide, top 29%, 669 students, 69% FRL); Walton High School (math 52% / reading 53%, grade C-, #154 of 667 statewide, top 24%, 856 students, 65% FRL) — zoned schools average 67% FRL vs 48% district-wide (19 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 422 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 2,883 units permitted in Walton County in 2024 (1,322 in 5+ unit buildings).

Forward outlook

• In year one you build about $26k of equity ($2k loan paydown + $24k appreciation (10.0% local appreciation)).
• Walton County population projected at +46% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 2, 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 191 days — a 12% lower offer ($211k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $65k (21%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $30k; list at $240k implies a 700% 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 6→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $128,361 (46.5% 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 191 days. Have you received any prior offers? Is the seller open to a 47% 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 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. 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?
8. 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.
9. 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.
10. 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: 0.53% ✗
• Cap rate: 4.30%
• Cash-on-cash: -7.11%
• DSCR: 0.68
• GRM: 15.6

CMA / ARV

• ARV (on-the-fly): $187,050
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
445 Cat Island Rd	0.35mi	2/2.0 (+1)	960 (-11%)	18mo	$110,000	$115	42
367 Juniper Island Dr	0.70mi	2/2.0 (+1)	1,089 (+1%)	18mo	$190,000	$174	41

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: 19.2%
• Equity multiple: 2.57×
• Total profit: $105,235
• Equity at exit: $216,211

10-year hold

• IRR: 17.7%
• Equity multiple: 5.90×
• Total profit: $329,567
• Equity at exit: $466,267

Cash invested: $67,200 (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: 15.6×

Monthly cashflow live

• Estimated rent: $1,284 medium
• Mortgage (P&I): −$1,259
• Tax from tax record: −$53 /mo · $641/yr
• Insurance: −$100
• HOA: −$0
• Vacancy / Maint / Mgmt: −$270
• Net cashflow: $-398

Break-even live

Break-even rent $1,787

Max offer price $169,708

Occupancy floor —

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: $60,000
• Closing costs: $7,200
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
116 Blue Gill Loop Defuniak Springs, FL	2.0	1.0	790	$1,200	$1.52	13d	1	0.93mi

Listing history 24 events

1. 2026-06-15
   days on market $240,000 Active 191 DOM
2. 2026-06-14
   days on market $240,000 Active 189 DOM
3. 2026-06-13
   days on market $240,000 Active 188 DOM
4. 2026-06-10
   days on market $240,000 Active 186 DOM
5. 2026-06-09
   days on market $240,000 Active 185 DOM
6. 2026-06-08
   days on market $240,000 Active 184 DOM
7. 2026-06-07
   days on market $240,000 Active 183 DOM
8. 2026-06-05
   days on market $240,000 Active 180 DOM
9. 2026-06-03
   days on market $240,000 Active 179 DOM
10. 2026-06-03
    days on market $240,000 Active 178 DOM
11. 2026-06-01
    days on market $240,000 Active 177 DOM
12. 2026-05-31
    days on market $240,000 Active 176 DOM
13. 2026-05-30
    days on market $240,000 Active 175 DOM
14. 2026-05-04
    status Active
15. 2026-04-24
    price $240,000
16. 2026-03-23
    price $269,000
17. 2026-03-05
    price $275,000
18. 2026-03-05
    status Active
19. 2026-02-01
    price $282,000
20. 2026-01-24
    price $290,000
21. 2025-12-27
    price $302,500
22. 2025-11-27
    listed $305,000 Active
23. 2005-04-05
    soldstatus $30,000
24. 2000-04-06
    soldstatus $6,000

ⓘ 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: $641 · $53/mo
• Projected year-2 tax: $1,992 · $166/mo
• Expected delta: +$1,351/yr (+$113/mo · 211.0%)

ⓘ 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 6 d/yr ≥107°F today · 17 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: $15,403
• − Mortgage interest: −$13,444
• − Property taxes: −$641
• − Insurance: −$1,200
• − Repairs & maintenance: −$1,232
• − Management: −$1,232
• − Depreciation: −$6,982
• Taxable loss: −$9,327
• Est. tax savings @ 24.0%: +$2,239
• After-tax cash flow: $-2,536/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

+3900.0% since first listed

11 events — show timeline

• 2026-05-04 Relisted — ECAR
• 2026-04-24 Price Changed $240,000 ECAR
• 2026-03-23 Price Changed $269,000 ECAR
• 2026-03-05 Price Changed $275,000 ECAR
• 2026-03-05 Relisted — ECAR
• 2026-02-01 Price Changed $282,000 ECAR
• 2026-01-24 Price Changed $290,000 ECAR
• 2025-12-27 Price Changed $302,500 ECAR
• 2025-11-27 Listed $305,000 ECAR
• 2005-04-05 Sold (Public Records) $30,000 Public Records
• 2000-04-06 Sold (Public Records) $6,000 Public Records

Property tax history

+27.2%/yr

Latest (2025): $641 · +2.6% YoY. Source: county tax records.