3520 NW 67th Ter · Bell, FL 32619

$189,000

2 bd · 2.0 ba · 1,038 sqft · Manufactured public records · 28 Days on market

Built 1997 0.57 ac lot

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Why this score? — see what drove the C+ 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 +19.8/30.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +6.3/10.0
• Schools +5.3/10.0
• 1% rule +4.2/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Nestled near the beautiful Suwannee River and just minutes from Rock Bluff Springs, this very well-maintained 2 bedroom, 2 bathroom home sits on just over a half-acre and offers comfort, convenience, and peaceful North Florida living — all in a no flood zone area for added peace of mind. Drive your golf cart or UTV to the public boat ramp and watch the fish jump or just watch the river go by. Launch your boat and fish or go boating and skiing. Recent updates to this home include upgraded plumbing fixtures and lighting fixtures, along with attractive vinyl plank flooring and wood laminate flooring in much of the home. Enjoy relaxing mornings on the welcoming front porch or entertain family and friends on the spacious screened back porch overlooking the fenced property and separately fenced yard area. A blacktop circular driveway provides easy access and added curb appeal, while a covered parking area offers protection for vehicles and equipment. For added peace of mind, the home is also equipped with a whole house generator and propane tank. The property also features two utility sheds, including one that is only three years old, providing excellent storage space for tools, lawn equipment, or hobbies. A durable metal roof adds long-term value and low-maintenance appeal. Enjoy the beauty and convenience of several mature fruit trees on the property, including lemon, orange, fig, and kumquat trees. Whether you're looking for a full-time residence, weekend getaway, or river-area retreat, this property offers a great location near boating, fishing, springs, and the natural beauty of the Suwannee River area.

Key facts

• Public boat ramp
• No flood zone
• Vinyl plank flooring

Tags

• NO FLOOD ZONE
• PUBLIC BOAT RAMP
• UPGRADED PLUMBING FIXTURES
• UPGRADED LIGHTING FIXTURES
• VINYL PLANK FLOORING
• WOOD LAMINATE FLOORING

Property features AI

Finance

• Other: Lot approximately 0.57 acres (1/2 to less than 1 acre); Limerock road surface

Exterior

• Parking: Carport (1 space)
• Security: Smoke detectors
• Utilities: Well water; Septic tank; Electricity connected
• Home design: Manufactured home (double wide); One level; Faces east; Homesteaded
• Construction: Vinyl siding; Metal roof; Pillar/Post/Pier foundation; Built as double wide
• Exterior features: Covered, screened patio/porch; Storage; Shed(s)

Interior

• Kitchen: Cooktop; Range; Range hood; Dishwasher; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Vinyl; Wood; Other
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; Blinds and window treatments; Fireplace with insert
• Laundry & utility: Laundry room; Washer (included)

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $189k.

Deal economics

• At list price, monthly cash flow is $226 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $173k (8.3% below list).
• Recommended offer: $173k (8.3% below list) — sets the bar for 1% rule.
• Cap rate 7.7% vs local median 4.9% in Bell — 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 62/100 on livability (#767 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: crime D, health & safety D, amenities F.
• Gilchrist (rural): math 66% / reading 61% proficiency, ranked #9 of 73 in FL (top 12%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 112 active listings in the ZIP; 94 units permitted in Gilchrist County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $20k of equity ($1k loan paydown + $19k appreciation (10.0% local appreciation)).
• Gilchrist County population projected to shrink 6% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• 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 ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 28 days — a 2% lower offer ($186k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 10y 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.
• Current owner paid $56k; list at $189k implies a 241% 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 $173,320 (8.3% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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.
4. 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.
5. 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: 0.92% ✗
• Cap rate: 7.73%
• Cash-on-cash: 5.13%
• DSCR: 1.23
• GRM: 9.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

9.98% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 27.9%
• Equity multiple: 3.21×
• Total profit: $116,952
• Equity at exit: $169,931

10-year hold

• IRR: 24.3%
• Equity multiple: 7.29×
• Total profit: $332,843
• Equity at exit: $366,108

Cash invested: $52,920 (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 32619

• Home prices YoY: 2.5%
• Active inventory: 112
• Price-to-rent: 9.1×

Monthly cashflow live

• Estimated rent: $1,733 medium
• Mortgage (P&I): −$991
• Tax from tax record: −$73 /mo · $878/yr
• Insurance: −$79
• HOA: −$0
• Vacancy / Maint / Mgmt: −$364
• Net cashflow: $226

Break-even live

Break-even rent $1,447

Max offer price $189,000

Occupancy floor 82%

Sensitivity live

Price	-10% $333	-5% $280	+0% $226	+5% $173	+10% $119
Rent	-10% $89	-5% $158	+0% $226	+5% $295	+10% $363
Rate	-1.0pp $321	-0.5pp $274	base $226	+0.5pp $177	+1.0pp $127

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: $47,250
• Closing costs: $5,670
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-06-15
   status $189,000 Pending 28 DOM

   Show marketing remark (1635 chars)

   Nestled near the beautiful Suwannee River and just minutes from Rock Bluff Springs, this very well-maintained 2 bedroom, 2 bathroom home sits on just over a half-acre and offers comfort, convenience, and peaceful North Florida living — all in a no flood zone area for added peace of mind. Drive your golf cart or UTV to the public boat ramp and watch the fish jump or just watch the river go by. Launch your boat and fish or go boating and skiing. Recent updates to this home include upgraded plumbing fixtures and lighting fixtures, along with attractive vinyl plank flooring and wood laminate flooring in much of the home. Enjoy relaxing mornings on the welcoming front porch or entertain family and friends on the spacious screened back porch overlooking the fenced property and separately fenced yard area. A blacktop circular driveway provides easy access and added curb appeal, while a covered parking area offers protection for vehicles and equipment. For added peace of mind, the home is also equipped with a whole house generator and propane tank. The property also features two utility sheds, including one that is only three years old, providing excellent storage space for tools, lawn equipment, or hobbies. A durable metal roof adds long-term value and low-maintenance appeal. Enjoy the beauty and convenience of several mature fruit trees on the property, including lemon, orange, fig, and kumquat trees. Whether you're looking for a full-time residence, weekend getaway, or river-area retreat, this property offers a great location near boating, fishing, springs, and the natural beauty of the Suwannee River area.

2. 2026-06-15
   days on market $189,000 Active 28 DOM

   Show marketing remark (1635 chars)

   Nestled near the beautiful Suwannee River and just minutes from Rock Bluff Springs, this very well-maintained 2 bedroom, 2 bathroom home sits on just over a half-acre and offers comfort, convenience, and peaceful North Florida living — all in a no flood zone area for added peace of mind. Drive your golf cart or UTV to the public boat ramp and watch the fish jump or just watch the river go by. Launch your boat and fish or go boating and skiing. Recent updates to this home include upgraded plumbing fixtures and lighting fixtures, along with attractive vinyl plank flooring and wood laminate flooring in much of the home. Enjoy relaxing mornings on the welcoming front porch or entertain family and friends on the spacious screened back porch overlooking the fenced property and separately fenced yard area. A blacktop circular driveway provides easy access and added curb appeal, while a covered parking area offers protection for vehicles and equipment. For added peace of mind, the home is also equipped with a whole house generator and propane tank. The property also features two utility sheds, including one that is only three years old, providing excellent storage space for tools, lawn equipment, or hobbies. A durable metal roof adds long-term value and low-maintenance appeal. Enjoy the beauty and convenience of several mature fruit trees on the property, including lemon, orange, fig, and kumquat trees. Whether you're looking for a full-time residence, weekend getaway, or river-area retreat, this property offers a great location near boating, fishing, springs, and the natural beauty of the Suwannee River area.

3. 2026-06-14
   days on market $189,000 Active 26 DOM
4. 2026-06-13
   days on market $189,000 Active 25 DOM
5. 2026-06-10
   days on market $189,000 Active 23 DOM
6. 2026-06-09
   days on market $189,000 Active 22 DOM
7. 2026-06-08
   days on market $189,000 Active 21 DOM
8. 2026-06-07
   days on market $189,000 Active 20 DOM
9. 2026-06-05
   days on market $189,000 Active 17 DOM
10. 2026-06-02
    days on market $189,000 Active 15 DOM
11. 2026-06-01
    days on market $189,000 Active 14 DOM
12. 2026-05-31
    days on market $189,000 Active 13 DOM
13. 2026-05-30
    days on market $189,000 Active 12 DOM
14. 2026-05-18
    listed $189,000 Active 1511-char remark
15. 2026-05-18
    listed $189,000 Active 1641-char remark
16. 2026-05-15
    listed $189,000 Active

    Show marketing remark (1635 chars)

    Nestled near the beautiful Suwannee River and just minutes from Rock Bluff Springs, this very well-maintained 2 bedroom, 2 bathroom home sits on just over a half-acre and offers comfort, convenience, and peaceful North Florida living — all in a no flood zone area for added peace of mind. Drive your golf cart or UTV to the public boat ramp and watch the fish jump or just watch the river go by. Launch your boat and fish or go boating and skiing. Recent updates to this home include upgraded plumbing fixtures and lighting fixtures, along with attractive vinyl plank flooring and wood laminate flooring in much of the home. Enjoy relaxing mornings on the welcoming front porch or entertain family and friends on the spacious screened back porch overlooking the fenced property and separately fenced yard area. A blacktop circular driveway provides easy access and added curb appeal, while a covered parking area offers protection for vehicles and equipment. For added peace of mind, the home is also equipped with a whole house generator and propane tank. The property also features two utility sheds, including one that is only three years old, providing excellent storage space for tools, lawn equipment, or hobbies. A durable metal roof adds long-term value and low-maintenance appeal. Enjoy the beauty and convenience of several mature fruit trees on the property, including lemon, orange, fig, and kumquat trees. Whether you're looking for a full-time residence, weekend getaway, or river-area retreat, this property offers a great location near boating, fishing, springs, and the natural beauty of the Suwannee River area.

17. 2017-03-16
    soldstatus $55,500
18. 2017-03-13
    soldstatus $55,500
19. 2016-10-12
    listed $59,900

ⓘ 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: $878 · $73/mo
• Projected year-2 tax: $1,569 · $131/mo
• Expected delta: +$691/yr (+$58/mo · 78.7%)

ⓘ 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 ≥108°F today · 20 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,798
• − Mortgage interest: −$10,587
• − Property taxes: −$878
• − Insurance: −$945
• − Repairs & maintenance: −$1,664
• − Management: −$1,664
• − Depreciation: −$5,498
• Taxable loss: −$437
• Est. tax savings @ 24.0%: +$105
• After-tax cash flow: $2,819/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: Gilchrist
• NCES district ID: 1200630
• Math proficiency: 66% ▼ -4.00%
• Reading proficiency: 61% ▼ -5.00%
• Median HH income: $39,610
• Composite: 53.01/100
• National rank: #1522
• State rank: #9 of 73 in FL

Livability — Bell

• Score: 62/100
• State rank: #767
• US rank: #17229

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 5,227
• Population (ZIP): 5,227

Population outlook (Gilchrist County) Hauer SSP2

• Today (2025): 17,730 people
• By 2030: 17,722 · +-0.0%
• By 2040: 17,393 · -1.9%
• By 2050: 16,597 · -6.4%
• By 2075: 14,300 · -19.3%
• By 2100: 11,498 · -35.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Hispanic / Latino 7% Two or more races 4%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Lithuanian 9% Romanian 3% Scotch-Irish 2%
• Foreign-born: 7% · Canada
• Languages at home: 93% English-only · Spanish 4% German/W. Germanic 2% Tagalog/Filipino 1%

Political lean MEDSL · Gilchrist

• 2024 margin: Solid R (+68.0) · D 15.6% · R 83.6%
• 2008→2024 swing: -21.2pp toward R · 2008: -46.8pp · 2024: -68.0pp
• All cycles: 2024: R+68.0 2020: R+64.0 2016: R+62.8 2012: R+51.0 2008: R+46.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 9.98%
• Current HPI: 404.4164
• Rent YoY: —
• Metro: —
• 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

+215.5% since first listed

8 events — show timeline

• 2026-06-15 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-06-15 Pending — DGLMLS
• 2026-05-18 Listed $189,000 NFMLS
• 2026-05-18 Listed $189,000 Stellar MLS as Distributed by MLS Grid
• 2026-05-15 Listed $189,000 DGLMLS
• 2017-03-16 Sold (Public Records) $55,500 Public Records
• 2017-03-13 Sold (MLS) $55,500 DGLMLS
• 2016-10-12 Listed $59,900 DGLMLS

Property tax history

+9.2%/yr

Latest (2025): $878 · +2.2% YoY. Source: county tax records.