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416 Date Palm Ln
D Composite 41.62
Why this score? — see what drove the D 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).

  • ARV discount +10.5/15.0
  • Cash flow +9.5/30.0
  • Schools +5.5/10.0
  • Condition / age +4.0/5.0
  • Livability +3.4/5.0
  • 1% rule +3.1/10.0
  • Rent growth +2.9/5.0
  • DSCR +2.7/10.0
  • Appreciation +0.0/10.0

$245,000

416 Date Palm Ln · Freeport, FL 32439
3 bd · 3.0 ba · 1,426 sqft · Townhouse public records · 71 Days on market
Built 2022 Good condition $172/sqft · 7% below area Est $262k · 7% under $125/mo HOA · 6% of rent

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks MLS

Priced to sell! Newly constructed townhome completed in 2021. A great opportunity to own in a community that's only a 15 minute drive to the beautiful beaches of South Walton. Finishes include engineer hard wood flooring, stainless steel appliances and quartz countertops.

Key facts

  • Quartz countertops
  • End-unit townhome
  • Open-concept layout

Tags

END-UNIT TOWNHOMEOPEN-CONCEPT LAYOUTLUXURY VINYL PLANK FLOORINGQUARTZ COUNTERTOPSSTAINLESS-STEEL APPLIANCESCOVERED BACK PORCH

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 3-bed/3.0-bath townhouse listed at $245k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $-168 ($-2k/yr) — negative.
  • To cash-flow at today's rent, offer at most $215k (12.1% below list).
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $199k (18.9% below list).
  • Recommended offer: $199k (18.9% below list) — sets the bar for 1% rule.
  • Cap rate 5.5% vs local median 3.5% in Freeport — 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 68/100 on livability (#520 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, employment B+; Watch: health & safety C-, amenities F, commute 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: Freeport Elementary School (math 50% / reading 57%, grade C, #949 of 2,144 statewide, top 45%, 1,123 students, 55% FRL); Emerald Coast Middle School (math 70% / reading 65%, grade A-, #77 of 571 statewide, top 14%, 868 students, 24% FRL); Freeport Senior High School (math 47% / reading 62%, grade C-, #138 of 667 statewide, top 21%, 557 students, 43% FRL).
  • Market conditions: Rents rising (+1.4%/yr); 1230 active listings in the ZIP; 21 comparable units currently listed for rent nearby; rentals lingering (median 70d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 2,883 units permitted in Walton County in 2024 (1,322 in 5+ unit buildings).

Forward outlook

  • Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
  • Walton County population projected at +46% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

  • It's been on market 71 days — a 6% lower offer ($230k) is reasonable based on typical stale-listing flexibility.
  • 4 sale attempts since 4y 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.

Risks & watch-outs

  • Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $198,764 (18.9% 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 71 days. Have you received any prior offers? Is the seller open to a 19% concession, seller financing, or rate buy-down credit?
  3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  6. 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?
  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
0.81%
Cap rate
5.47%
Cash-on-cash
-2.94%
DSCR
0.87
GRM
10.3

CMA / ARV

ARV (median comp)
$262,450
List price
$245,000
Delta
-6.65%
Verdict
FAIR
Comps
20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
275 N Sand Palm Rd Unit 167-Vista 0.04mi 3/2.5 1,471 (+3%) 2mo $199,900 $136 89
143 Date Palm Ln 0.07mi 3/2.0 1,432 (+0%) 3mo $304,900 $213 89
392 N Sand Palm Rd 0.12mi 3/2.5 1,426 (0%) 4mo $230,000 $161 89
16 S Sand Palm Rd 0.15mi 3/2.5 1,426 (0%) 2mo $210,000 $147 89
17 S Sand Palm Rd 0.17mi 3/2.5 1,426 (0%) 2mo $218,500 $153 88
23 S Sand Palm Rd 0.17mi 3/2.5 1,454 (+2%) 2mo $210,000 $144 85
220 Date Palm Ln #220 0.14mi 3/2.5 1,471 (+3%) 2mo $205,000 $139 85
320 N Sand Palm 0.11mi 3/2.0 1,396 (-2%) 4mo $210,000 $150 84
113 Date Palm Ln 0.05mi 3/2.5 1,484 (+4%) 7mo $260,000 $175 83
304 Date Palm Ln 0.10mi 3/2.5 1,512 (+6%) 2mo $234,900 $155 81
304 Date Palm Ln Unit Horizon 0.10mi 3/2.5 1,512 (+6%) 3mo $234,900 $155 81
22 N Sand Palm Rd #15 0.17mi 3/2.5 1,529 (+7%) 3mo $220,000 $144 76

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 1.4% rent growth · sell at horizon

5-year hold
IRR
-23.0%
Equity multiple
0.22×
Total profit
$-53,501
Equity at exit
$36,530
10-year hold
IRR
-22.4%
Equity multiple
-0.06×
Total profit
$-72,658
Equity at exit
$21,183

Cash invested: $68,600 (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.
Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
22 active · 3 under contract
Months of supply
10.2 mo (10%/mo absorbed)
Median asking
$249,700 ($175/sqft)
Median days on market
94 d
This list price
41% of active listings are priced below it
ARV vs active asking
+5.4% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 32439

Home prices YoY
-4.2%
Rents YoY
1.4%
Active inventory
1230
Price-to-rent
10.3×

Monthly cashflow live

Estimated rent
$1,988 high interval (Pro) →
Mortgage (P&I)
$1,285
Tax from tax record
$226 /mo · $2,718/yr
Insurance
$102
HOA
$125
Vacancy / Maint / Mgmt
$417
Net cashflow
$-168

Break-even live

Break-even rent $2,200
Max offer price $215,297
Occupancy floor

Sensitivity live

Price -10% $-29 -5% $-99 +0% $-168 +5% $-237 +10% $-307
Rent -10% $-325 -5% $-247 +0% $-168 +5% $-90 +10% $-11
Rate -1.0pp $-45 -0.5pp $-106 base $-168 +0.5pp $-232 +1.0pp $-296

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
$61,250
Closing costs
$7,350
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 21 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
259 N Sand Palm Rd Freeport, FL 3.0 2.5 1336 $1,600 $1.20 70d 1 0.03mi
246 N Sand Palm Rd Freeport, FL 3.0 2.5 1471 $1,650 $1.12 70d 1 0.03mi
147 N Sand Palm Rd Freeport, FL 3.0 2.5 1471 $1,595 $1.08 70d 1 0.07mi
156 Date Palm Ln Freeport, FL 3.0 2.5 1432 $2,300 $1.61 70d 1 0.09mi
151 Date Palm Ln Freeport, FL 3.0 2.5 1484 $1,775 $1.20 62d 1 0.09mi
76 N Sand Palm Rd Freeport, FL 2.0 3.0 1128 $1,450 $1.29 70d 1 0.16mi
15284 U.S. 331 Business Freeport, FL 2.0 3.0 1106 $1,400 $1.27 70d 1 0.21mi
15031 U.S. 331 Business Unit 104 Freeport, FL 3.0 2.0 1007 $1,800 $1.79 70d 1 0.30mi
15031 U.S. 331 Business Unit 117 Freeport, FL 3.0 2.0 1007 $1,700 $1.69 70d 1 0.30mi
15 Oakfield Dr Freeport, FL 3.0 2.0 1531 $2,350 $1.53 62d 1 0.53mi
832 Whispering Creek Ave Freeport, FL 4.0 2.0 1398 $2,175 $1.56 70d 1 0.75mi
178 Whispering Creek Ave Freeport, FL 3.0 2.0 1706 $2,550 $1.49 70d 1 0.89mi
70 Jakes Way Freeport, FL 3.0 2.0 1500 $2,100 $1.40 70d 1 0.91mi
266 Emr AVE Freeport, FL 1.0–2.0 1.0–2.0 909 $985 $1.08 62d 5 0.95mi
3495 Sanctuary WAY Melbourne, FL 1.0–3.0 1.0–2.0 1002 $2,412 $2.41 62d 38 0.96mi
255 N Jackson St Freeport, FL 3.0 2.0 1456 $2,100 $1.44 70d 1 1.01mi
2 Polk St Freeport, FL 3.0 2.0 1155 $1,550 $1.34 70d 1 1.15mi
245 Pine St Freeport, FL 3.0 2.0 1368 $2,000 $1.46 70d 1 1.19mi
51 S Main Deck Dr Freeport, FL 3.0 2.5 1500 $2,095 $1.40 70d 1 1.34mi
47 S Main Deck Dr Unit 1 Freeport, FL 3.0 2.5 1459 $2,000 $1.37 70d 1 1.34mi
41 S Main Deck Dr Unit 1 Freeport, FL 3.0 2.5 1500 $2,195 $1.46 70d 1 1.34mi

Property features AI

Finance

HOA & community
Community poolPets allowedTV cable availableSubdivision: VERANDAS OF FREEPORT, THE

Exterior

Utilities
Electric servicePublic waterPublic sewerElectric water heater
Home design
Townhome2 storiesBuilt in 2022City street frontageCity road accessZoned for single family residential
Exterior features
Open patioOpen porchCommunity poolPets allowedTV cable available

Interior

Kitchen
DishwasherMicrowaveRefrigeratorElectric water heater
Bedrooms
3 bedroomsMaster bedroom on the second floor
Flooring
Laminate flooringCarpet
Bathrooms
3 bathrooms (2 full, 1 half)
Heating & cooling
Central heatingCentral airCeiling fans
Interior features
Kitchen islandTrack lighting

Listing history 50 events

  1. 2026-08-08
    days on market $245,000 Active 71 DOM
  2. 2026-08-07
    days on market $245,000 Active 70 DOM
  3. 2026-08-06
    days on market $245,000 Active 69 DOM
  4. 2026-08-05
    days on market $245,000 Active 68 DOM
  5. 2026-08-04
    days on market $245,000 Active 67 DOM
  6. 2026-08-03
    days on market $245,000 Active 66 DOM
  7. 2026-07-31
    days on market $245,000 Active 63 DOM
  8. 2026-07-30
    days on market $245,000 Active 62 DOM
  9. 2026-07-29
    days on market $245,000 Active 61 DOM
  10. 2026-07-27
    days on market $245,000 Active 59 DOM
  11. 2026-07-25
    days on market $245,000 Active 57 DOM
  12. 2026-07-24
    days on market $245,000 Active 56 DOM
  13. 2026-07-23
    days on market $245,000 Active 55 DOM
  14. 2026-07-22
    days on market $245,000 Active 54 DOM
  15. 2026-07-21
    days on market $245,000 Active 53 DOM
  16. 2026-07-18
    days on market $245,000 Active 50 DOM
  17. 2026-07-16
    days on market $245,000 Active 48 DOM
  18. 2026-07-16
    days on market $245,000 Active 47 DOM
  19. 2026-07-14
    days on market $245,000 Active 46 DOM
  20. 2026-07-13
    days on market $245,000 Active 45 DOM
  21. 2026-07-12
    days on market $245,000 Active 44 DOM
  22. 2026-07-11
    days on market $245,000 Active 43 DOM
  23. 2026-07-10
    days on market $245,000 Active 42 DOM
  24. 2026-07-09
    days on market $245,000 Active 41 DOM
  25. 2026-07-08
    days on market $245,000 Active 40 DOM
  26. 2026-07-07
    days on market $245,000 Active 39 DOM
  27. 2026-07-06
    days on market $245,000 Active 38 DOM
  28. 2026-07-05
    days on market $245,000 Active 37 DOM
  29. 2026-07-04
    days on market $245,000 Active 36 DOM
  30. 2026-07-03
    days on market $245,000 Active 35 DOM
  31. 2026-07-02
    days on market $245,000 Active 34 DOM
  32. 2026-07-01
    days on market $245,000 Active 33 DOM
  33. 2026-06-30
    days on market $245,000 Active 32 DOM
  34. 2026-06-29
    days on market $245,000 Active 31 DOM
  35. 2026-06-28
    days on market $245,000 Active 30 DOM
  36. 2026-06-28
    days on market $245,000 Active 29 DOM
  37. 2026-06-27
    days on market $245,000 Active 28 DOM
  38. 2026-06-25
    days on market $245,000 Active 26 DOM
  39. 2026-06-23
    days on market $245,000 Active 24 DOM
  40. 2026-06-21
    days on market $245,000 Active 23 DOM
  41. 2026-06-18
    days on market $245,000 Active 20 DOM
  42. 2026-06-17
    days on market $245,000 Active 19 DOM
  43. 2026-06-16
    days on market $245,000 Active 18 DOM
  44. 2026-06-15
    days on market $245,000 Active 17 DOM
  45. 2026-06-14
    days on market $245,000 Active 15 DOM
  46. 2026-06-13
    days on market $245,000 Active 14 DOM
  47. 2026-06-10
    days on market $245,000 Active 12 DOM
  48. 2026-06-09
    days on market $245,000 Active 11 DOM
  49. 2026-06-08
    days on market $245,000 Active 10 DOM
  50. 2026-06-07
    days on market $245,000 Active 9 DOM

ⓘ 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
$2,718 · $226/mo
Projected year-2 tax
$2,718 · $226/mo
Expected delta
$0/yr ($0/mo · 0.0%)

ⓘ 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 3/10 Moderate
  • 🌡 Heat 10/10 Extreme 7 d/yr ≥105°F today · 21 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

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$23,852
− Mortgage interest
−$13,724
− Property taxes
−$2,718
− Insurance
−$1,225
− Repairs & maintenance
−$1,908
− Management
−$1,908
− HOA
−$1,500
− Depreciation
−$7,127
Taxable loss
−$6,258
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$1,502
After-tax cash flow
$-516/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 move-in-ready townhome in the Verandas at Freeport community is in good condition with no visible repairs needed. It offers an open-concept layout, luxury vinyl plank flooring, and modern finishes throughout. The home is well-maintained and has a good curb appeal, making it an attractive option for both buyers and renters.

Value-add opportunities

  • Both Painting the interior walls and ceilings — Fresh paint can make the interior look new and improve curb appeal.
  • Both Updating the flooring in the living area — Replacing the wood-look tile with a more modern or durable material can increase both resale and rental value.
  • Both Upgrading the kitchen appliances — Modernizing the kitchen with new appliances can attract more buyers and renters.
  • Both Landscaping improvements — Enhancing the landscaping can improve curb appeal and attract more potential buyers and renters.
  • Both Adding a smart home system — Integrating smart home technology can increase the home's value and appeal to tech-savvy buyers and renters.
  • Both Upgrading the HVAC system — A more efficient and energy-efficient HVAC system can improve comfort and reduce utility costs, increasing both resale and rental value.
D Composite school gradezoned avg 55/100

Zoned Schools

Elementary Freeport Elementary School C FL #949/2,144 Nat'l #10,846/41,679 Middle Freeport Middle School B FL #157/571 Nat'l #2,146/14,009 High Freeport Senior High School C- FL #138/667 Nat'l #4,461/17,239

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
C Composite livability gradescore 68/100

Livability — Freeport

Score
68/100
State rank
#520
US rank
#9579

Category grades

Amenities F Commute F Cost of living B Crime A+ Employment B+ Housing A+ Health & safety C- User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Freeport, FL
County
Walton County · 80,014 people
City population
15,328
Metro
Crestview-Fort Walton Beach-Destin, FL
Population (ZIP)
15,328
Household income
$83,227
Rent vs Own
19.9% rent · 80.1% own
Severe rent burden
11% of renters

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 (76%)
Race & ethnicity
White 76% Hispanic / Latino 16% Two or more races 8% Native American 5% Black 1%
Hispanic origin (detail)
Mexican 8% Puerto Rican 2% Cuban 1%
Common ancestry
Slovak 3% Italian 3% Serbian 2%
Foreign-born
8% · Canada, Jamaica
Languages at home
86% English-only · Spanish 13% Other Indo-European 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

Price history

+25.7% since first listed
11 events — show timeline
  • 2026-05-29 Listed $245,000 ECAR
  • 2025-04-25 Rental Removed $1,650 BUILDIUM
  • 2025-04-04 Listed for Rent $1,650 BUILDIUM
  • 2022-03-02 Sold (Public Records) $258,000 Public Records
  • 2022-02-28 Sold (MLS) $258,000 NAMLS
  • 2022-02-28 Sold (MLS) $258,000 ECAR
  • 2022-01-28 Pending ECAR
  • 2022-01-20 Price Changed $255,000 ECAR
  • 2022-01-18 Listed $275,000 ECAR
  • 2022-01-18 Listed $255,000 NAMLS
  • 2021-07-06 Sold (Public Records) $194,900 Public Records

Property tax history

+127.1%/yr

Latest (2025): $2,718 · -4.1% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…