6728 Apollo Trl · Bradfordville, FL 32309

$199,950

3 bd · 2.0 ba · 1,610 sqft · SingleFamily public records · 36 Days on market

Built 1979 0.36 ac lot Est $345k · 42% 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 +25.8/30.0
• ARV discount +15.0/15.0
• DSCR +8.6/10.0
• 1% rule +6.0/10.0
• Rent growth +4.8/5.0
• Schools +4.3/10.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Investor special in the highly desirable Killearn Acres community! This 3BR/2BA fixer-upper offers endless potential for renovation, resale, or a personalized forever home. Situated on a spacious . 36-acre lot with mature trees, this property features over 1,600 sq ft, a fireplace, garage, and solid bones ready for your vision. Prime Northeast Tallahassee location just minutes from Bannerman Crossing, shopping, dining, parks, and easy access to I-10. Zoned for sought-after Desoto Trail, Montford, and Chiles schools. Rare opportunity to create value in one of Tallahassee’s most established and convenient neighborhoods. Sold as-is.

Key facts

• Spacious lot
• Easy access to i-10
• Mature trees

Tags

• SPACIOUS LOT
• MATURE TREES
• FIREPLACE
• NORTHEAST TALLAHASSEE LOCATION
• EASY ACCESS TO I-10
• ZONED FOR DESOTO TRAIL

Property features AI

Finance

• Other: Lot size about 0.36 acre (approximately 0.25–0.49 acre)

Exterior

• Parking: Attached garage; 2-car garage
• Utilities: Well water; Septic tank; Other utilities
• Home design: Single family residence; Residential property; One story; Faces east
• Construction: Other construction materials; Other roof; Slab foundation; Building area approximately 2,121 square feet
• Exterior features: Other exterior features; Concrete road surface

Interior

• Kitchen: No appliances included
• Bedrooms: 3 bedrooms
• Flooring: Concrete floors
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Fireplace in the living room; Other interior features
• Laundry & utility: Laundry closet

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $483 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $200k).
• Recommended offer: $194k (3.0% below list) — sets the bar for market timing.
• Cap rate 9.2% vs local median 3.0% in Bradfordville — 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: area grade B — affects rentability + tenant quality, not the cash-flow math above.
• Leon (urban): math 48% / reading 53% proficiency, ranked #33 of 73 in FL (top 45%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising fast (+9.1%/yr); 107 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 1,765 units permitted in Leon County in 2024 (975 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Leon County population projected at +23% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $56k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 36 days — a 3% lower offer ($194k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $66k; list at $200k implies a 205% 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; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $193,951 (3.0% below list)

Questions for the listing agent

1. It's been on market 36 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1979 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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.
5. 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.
6. 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: 1.10% ✓
• Cap rate: 9.19%
• Cash-on-cash: 10.34%
• DSCR: 1.46
• GRM: 7.6

CMA / ARV

• ARV (on-the-fly): $344,540
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6428 Count Turf Trl	0.37mi	3/2.0	1,612 (+0%)	4mo	$359,900	$223	79
3413 Native Dancer Trl	0.33mi	3/2.0	1,516 (-6%)	2mo	$325,000	$214	73
3504 Whirlaway Trl	0.48mi	3/2.0	1,668 (+4%)	4mo	$320,000	$192	68
6631 Kingman Trl	0.27mi	3/2.0	1,444 (-10%)	4mo	$330,000	$229	67
6732 Secretariat Dr	0.37mi	3/2.0	1,437 (-11%)	3mo	$260,000	$181	63
5024 Pimlico Dr	0.62mi	3/2.0	1,500 (-7%)	1mo	$315,000	$210	58
6530 Iron Liege Trl	0.57mi	3/2.0	1,476 (-8%)	4mo	$327,400	$222	56
6528 Kingman Trl	0.41mi	4/2.0 (+1)	1,764 (+10%)	5mo	$330,000	$187	55
3105 Elwood Trl	0.68mi	4/2.0 (+1)	1,665 (+3%)	5mo	$305,000	$183	53
3228 Lord Murphy Trl	0.47mi	3/2.0	1,836 (+14%)	3mo	$289,000	$157	53
6525 Iron Liege Trl	0.56mi	3/2.0	1,403 (-13%)	2mo	$310,000	$221	51
6842 Hill Gail Trl	0.68mi	3/2.0	1,426 (-11%)	2mo	$360,000	$252	48

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 4.4%
• Equity multiple: 1.18×
• Total profit: $9,910
• Equity at exit: $29,813

10-year hold

• IRR: 17.8%
• Equity multiple: 2.80×
• Total profit: $100,917
• Equity at exit: $17,288

Cash invested: $55,986 (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 32309

• Rents YoY: 9.1%
• Active inventory: 107
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $2,199 medium
• Mortgage (P&I): −$1,049
• Tax from tax record: −$123 /mo · $1,475/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$462
• Net cashflow: $483

Break-even live

Break-even rent $1,588

Max offer price $199,950

Occupancy floor 73%

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: $49,988
• Closing costs: $5,998
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3208 Majestic Prince Trl Unit NA Tallahassee, FL	3.0	2.0	1397	$2,700	$1.93	21d	1	0.30mi
6742 Alan a Dale Trl Tallahassee, FL	3.0	2.0	1550	$2,300	$1.48	21d	1	0.54mi
6837 Hill Gail Trl Tallahassee, FL	3.0	2.0	1800	$2,200	$1.22	14d	1	0.64mi
2948 Whirlaway Trl Tallahassee, FL	3.0	2.0	1394	$2,150	$1.54	21d	1	1.07mi

Listing history 17 events

1. 2026-06-18
   days on market $199,950 Active 36 DOM
2. 2026-06-17
   days on market $199,950 Active 35 DOM
3. 2026-06-16
   days on market $199,950 Active 34 DOM
4. 2026-06-15
   days on market $199,950 Active 33 DOM
5. 2026-06-14
   days on market $199,950 Active 31 DOM
6. 2026-06-10
   days on market $199,950 Active 28 DOM
7. 2026-06-09
   days on market $199,950 Active 27 DOM
8. 2026-06-08
   days on market $199,950 Active 26 DOM
9. 2026-06-07
   days on market $199,950 Active 25 DOM
10. 2026-06-05
    days on market $199,950 Active 22 DOM
11. 2026-06-03
    days on market $199,950 Active 21 DOM
12. 2026-06-02
    days on market $199,950 Active 20 DOM
13. 2026-06-01
    days on market $199,950 Active 19 DOM
14. 2026-05-31
    days on market $199,950 Active 18 DOM
15. 2026-05-30
    days on market $199,950 Active 17 DOM
16. 2026-05-13
    listed $199,950 Active
17. 1980-05-01
    soldstatus $65,600

ⓘ 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: $1,475 · $123/mo
• Projected year-2 tax: $1,660 · $138/mo
• Expected delta: +$185/yr (+$15/mo · 12.6%)

ⓘ 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 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 5/10 Major 7 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,389
• − Mortgage interest: −$11,200
• − Property taxes: −$1,475
• − Insurance: −$1,000
• − Repairs & maintenance: −$2,111
• − Management: −$2,111
• − Depreciation: −$5,817
• Taxable income: $2,676
• Est. tax owed @ 24.0%: −$642
• After-tax cash flow: $5,148/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: Leon
• NCES district ID: 1201110
• Math proficiency: 48% ▼ -13.00%
• Reading proficiency: 53% ▼ -5.00%
• Median HH income: $46,339
• Composite: 42.84/100
• National rank: #3131
• State rank: #33 of 73 in FL

Livability — Bradfordville

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: Bradfordville, FL
• County: Leon County · 294,472 people
• City population: 31,966
• Metro: Tallahassee, FL
• Population (ZIP): 33,544
• Household income: $113,412
• Rent vs Own: 17.6% rent · 82.4% own
• Severe rent burden: 789.0

Population outlook (Leon County) Hauer SSP2

• Today (2025): 315,507 people
• By 2030: 330,677 · +4.8%
• By 2040: 358,465 · +13.6%
• By 2050: 386,804 · +22.6%
• By 2075: 465,480 · +47.5%
• By 2100: 519,959 · +64.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (75%)
• Race & ethnicity: White 75% Black 9% Two or more races 9% Hispanic / Latino 8% Asian 3%
• Hispanic origin (detail): Mexican 2% Cuban 3%
• Common ancestry: Slovak 4% Lithuanian 3% Italian 3%
• Foreign-born: 7% · Canada, South Korea
• Languages at home: 92% English-only · Spanish 3% Russian/Polish/Slavic 1% Other Asian/Pacific 1%

Political lean MEDSL · Leon

• 2024 margin: Strong D (+21.8) · D 60.3% · R 38.5% · Other 1.2%
• 2008→2024 swing: -2.5pp toward R · 2008: 24.3pp · 2024: 21.8pp
• All cycles: 2024: D+21.8 2020: D+28.3 2016: D+25.1 2012: D+23.6 2008: D+24.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -212.85%
• Current HPI: 247.4336
• Rent YoY: ▲ 9.06%
• Metro: Tallahassee, 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

+204.8% since first listed

2 events — show timeline

• 2026-05-13 Listed $199,950 Stellar MLS as Distributed by MLS Grid
• 1980-05-01 Sold (Public Records) $65,600 Public Records

Property tax history

+2.9%/yr

Latest (2025): $1,475 · +22.0% YoY. Source: county tax records.