1820 Roselle Ave · Palatka, FL 32177

$179,000

3 bd · 1.0 ba · 1,415 sqft · SingleFamily public records · 56 Days on market

Built 1960 0.35 ac lot Est $241k · 26% under

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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 +22.9/30.0
• ARV discount +15.0/15.0
• DSCR +7.4/10.0
• 1% rule +5.0/10.0
• Rent growth +3.1/5.0
• Schools +3.0/10.0
• Livability +2.9/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Beautifully maintained over the years. This 3 bedroom 2 bath home on a double lot is move-in ready. You'll love the all brick fireplace, spacious laundry room and covered back patio. Separate garage is ideal as a workshop with it's own electric.

Key facts

• Near local shopping
• Near dining
• Double lot

Tags

• DOUBLE LOT
• NATURAL LIGHT
• PRIVATE RETREAT
• NO HOA
• NEAR LOCAL SHOPPING
• NEAR DINING

Property features AI

Finance

• HOA & community: Not a senior community

Exterior

• Parking: Detached garage (1 car); Carport (1 car)
• Utilities: Septic tank; Cable available; Electricity connected
• Home design: Single family residence; One-story
• Construction: Block construction; Metal roof
• Exterior features: Front porch; Back yard fencing; Shed(s)

Interior

• Kitchen: Eat-in kitchen
• Bedrooms: 2 bedrooms
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Central heating; Central electric air conditioning
• Interior features: Ceiling fan(s); Eat-in kitchen; Wood-burning fireplace
• Laundry & utility: Washer and dryer included

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $179k.

Deal economics

• At list price, monthly cash flow is $316 ($4k/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 $178k (0.3% below list).
• Recommended offer: $174k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.4% vs local median 3.8% in Palatka — 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 58/100 on livability (#839 in FL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing B+; Watch: health & safety C-, crime D, amenities F.
• Putnam (town): math 34% / reading 39% proficiency, ranked #66 of 73 in FL (top 90%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 71% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: William D. Moseley Elementary School (math 22% / reading 32%, grade F, #1,969 of 2,144 statewide, top 94%, 609 students, 75% FRL); Putnam Academy of Arts And Sciences (math 42% / reading 52%, grade D+, #291 of 571 statewide, top 52%, 177 students, 75% FRL, charter); Palatka Jr - Sr High School (math 13% / reading 30%, grade F, #546 of 667 statewide, top 82%, 1,639 students, 64% FRL) — zoned schools at 71% FRL track the district average.
• Market conditions: Rents rising (+2.2%/yr); 319 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 113 units permitted in Putnam County in 2024 (0 in 5+ unit buildings).
• This rent runs 45% of the median local income ($48k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Putnam County population projected at -31% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 56 days — a 3% lower offer ($174k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 8y 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 $79k; list at $179k implies a 127% 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→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $173,630 (3.0% below list)

Questions for the listing agent

1. It's been on market 56 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 1960 — 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. 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?
5. 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.
6. 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.
7. 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: 1.00% ✗
• Cap rate: 8.41%
• Cash-on-cash: 7.56%
• DSCR: 1.34
• GRM: 8.4

CMA / ARV

• ARV (on-the-fly): $240,550
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2407 Leigh Ter	0.35mi	3/2.0	1,366 (-4%)	3mo	$265,000	$194	72
114 Ashley Dr	0.38mi	4/2.0 (+1)	1,365 (-4%)	4mo	$210,000	$154	64
105 Mimosa Dr	0.47mi	3/2.0	1,473 (+4%)	6mo	$150,000	$102	62
1403 Prospect St	0.43mi	3/2.0	1,296 (-8%)	3mo	$219,900	$170	59
200 Belmont Dr	0.42mi	4/2.0 (+1)	1,525 (+8%)	2mo	$245,000	$161	57
203 Citra Dr	0.40mi	3/2.0	1,576 (+11%)	2mo	$269,000	$171	57
211 Dogwood Ln	0.58mi	3/2.0	1,510 (+7%)	5mo	$228,900	$152	54
921 Husson Ave	0.73mi	3/2.0	1,352 (-4%)	2mo	$237,000	$175	52
1411 Cleveland Ave Ave	0.44mi	3/2.0	1,560 (+10%)	8mo	$291,720	$187	52
1602 Prospect St	0.22mi	2/2.0 (-1)	1,224 (-14%)	8mo	$222,000	$181	52
116 Dellwood Ave	0.58mi	3/1.5	1,212 (-14%)	2mo	$135,000	$111	45
1625 S Palm Ave	0.53mi	3/2.0	1,204 (-15%)	7mo	$201,900	$168	40

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 · 2.23% rent growth · sell at horizon

5-year hold

• IRR: -5.6%
• Equity multiple: 0.79×
• Total profit: $-10,332
• Equity at exit: $26,689

10-year hold

• IRR: 3.2%
• Equity multiple: 1.22×
• Total profit: $11,103
• Equity at exit: $15,477

Cash invested: $50,120 (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 32177

• Home prices YoY: -28.1%
• Rents YoY: 2.2%
• Active inventory: 319
• Price-to-rent: 8.4×

Monthly cashflow live

• Estimated rent: $1,784 high
• Mortgage (P&I): −$939
• Tax from tax record: −$80 /mo · $966/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$375
• Net cashflow: $316

Break-even live

Break-even rent $1,385

Max offer price $179,000

Occupancy floor 77%

Sensitivity live

Price	-10% $417	-5% $366	+0% $316	+5% $265	+10% $214
Rent	-10% $175	-5% $245	+0% $316	+5% $386	+10% $457
Rate	-1.0pp $406	-0.5pp $361	base $316	+0.5pp $269	+1.0pp $222

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: $44,750
• Closing costs: $5,370
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1906 Roselle Ave Palatka, FL	4.0	2.0	1100	$2,100	$1.91	19d	1	0.05mi
1510 Cleveland Ave Palatka, FL	2.0	1.0	916	$1,350	$1.47	25d	1	0.33mi
2406 Husson Ave Palatka, FL	3.0	2.0	1559	$1,900	$1.22	22d	1	0.48mi
2113 Silver Lake Dr Palatka, FL	2.0	1.0	988	$1,500	$1.52	25d	1	0.50mi
127 Crestwood Ave Palatka, FL	4.0	2.0	1674	$1,650	$0.99	19d	1	0.51mi
1511 S Palm Ave Unit 4 Palatka, FL	3.0	1.0	1224	$1,250	$1.02	25d	1	0.58mi
3523 Whitehall St Palatka, FL	3.0	2.0	1078	$2,000	$1.86	25d	1	0.75mi
1510 Laurel St Palatka, FL	3.0	1.0	1080	$1,659	$1.54	6d	1	1.30mi

Listing history 16 events

1. 2026-06-08
   statusdays on market $179,000 Pending 56 DOM
2. 2026-06-07
   days on market $179,000 Active Under Contract 55 DOM
3. 2026-06-05
   days on market $179,000 Active Under Contract 52 DOM
4. 2026-06-03
   days on market $179,000 Active Under Contract 51 DOM
5. 2026-06-02
   days on market $179,000 Active Under Contract 50 DOM
6. 2026-06-01
   days on market $179,000 Active Under Contract 49 DOM
7. 2026-05-31
   days on market $179,000 Active Under Contract 48 DOM
8. 2026-05-18
   historical Active Under Contract
9. 2026-04-22
   price $179,000
10. 2026-04-13
    listed $187,997 Active
11. 2018-08-02
    soldstatus $79,000
12. 2018-08-01
    soldstatus $79,000 Sold 248-char remark

    Show marketing remark (248 chars)

    Beautifully maintained over the years. This 3 bedroom 2 bath home on a double lot is move-in ready. You'll love the all brick fireplace, spacious laundry room and covered back patio. Separate garage is ideal as a workshop with it's own electric.

13. 2018-07-10
    status Pending 248-char remark

    Show marketing remark (248 chars)

    Beautifully maintained over the years. This 3 bedroom 2 bath home on a double lot is move-in ready. You'll love the all brick fireplace, spacious laundry room and covered back patio. Separate garage is ideal as a workshop with it's own electric.

14. 2018-06-30
    historical Active - Contingent 248-char remark

    Show marketing remark (248 chars)

    Beautifully maintained over the years. This 3 bedroom 2 bath home on a double lot is move-in ready. You'll love the all brick fireplace, spacious laundry room and covered back patio. Separate garage is ideal as a workshop with it's own electric.

15. 2018-06-25
    listed $84,490 Active 248-char remark

    Show marketing remark (248 chars)

    Beautifully maintained over the years. This 3 bedroom 2 bath home on a double lot is move-in ready. You'll love the all brick fireplace, spacious laundry room and covered back patio. Separate garage is ideal as a workshop with it's own electric.

16. 1979-01-01
    soldstatus $30,000

ⓘ 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: $966 · $80/mo
• Projected year-2 tax: $1,486 · $124/mo
• Expected delta: +$520/yr (+$43/mo · 53.8%)

ⓘ 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 9/10 Extreme 7 d/yr ≥108°F today · 21 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,409
• − Mortgage interest: −$10,027
• − Property taxes: −$966
• − Insurance: −$895
• − Repairs & maintenance: −$1,713
• − Management: −$1,713
• − Depreciation: −$5,207
• Taxable income: $889
• Est. tax owed @ 24.0%: −$213
• After-tax cash flow: $3,575/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: Putnam
• NCES district ID: 1201620
• Math proficiency: 34% ▼ -10.00%
• Reading proficiency: 39% ▼ -4.00%
• Median HH income: $33,350
• Composite: 29.99/100
• National rank: #6361
• State rank: #66 of 73 in FL

Livability — Palatka

• Score: 58/100
• State rank: #839
• US rank: #20793

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Putnam County · 25,645 people
• City population: 25,645
• Metro: Palatka, FL
• Population (ZIP): 25,645
• Household income: $47,796
• Rent vs Own: 32.9% rent · 67.1% own
• Severe rent burden: 806.0

Population outlook (Putnam County) Hauer SSP2

• Today (2025): 65,299 people
• By 2030: 61,255 · -6.2%
• By 2040: 52,930 · -18.9%
• By 2050: 45,051 · -31.0%
• By 2075: 28,720 · -56.0%
• By 2100: 15,852 · -75.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (62%)
• Race & ethnicity: White 62% Black 28% Hispanic / Latino 7% Two or more races 5%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3% Cuban 2%
• Common ancestry: Lithuanian 2% Hispanic 1% Slovak 1%
• Foreign-born: 3% · Canada
• Languages at home: 94% English-only · Spanish 5% French/Haitian/Cajun 1%

Political lean MEDSL · Putnam

• 2024 margin: Solid R (+47.8) · D 25.8% · R 73.6%
• 2008→2024 swing: -28.5pp toward R · 2008: -19.3pp · 2024: -47.8pp
• All cycles: 2024: R+47.8 2020: R+41.2 2016: R+36.6 2012: R+24.5 2008: R+19.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -87.10%
• Current HPI: 223.1966
• Rent YoY: ▲ 2.23%
• Metro: Palatka, 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

+496.7% since first listed

9 events — show timeline

• 2026-05-18 Contingent — realMLS
• 2026-04-22 Price Changed $179,000 realMLS
• 2026-04-13 Listed $187,997 realMLS
• 2018-08-02 Sold (Public Records) $79,000 Public Records
• 2018-08-01 Sold (MLS) $79,000 realMLS
• 2018-07-10 Pending — realMLS
• 2018-06-30 Contingent — realMLS
• 2018-06-25 Listed $84,490 realMLS
• 1979-01-01 Sold (Public Records) $30,000 Public Records

Property tax history

+3.5%/yr

Latest (2025): $966 · +15.9% YoY. Source: county tax records.