1340 SW Indian Gln · Lake City, FL 32025

$285,000

3 bd · 2.0 ba · 1,482 sqft · SingleFamily public records · 227 Days on market

Built 2006 7,405 sqft lot Est $274k · at est.

---

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).

• Appreciation +10.0/10.0
• Cash flow +6.8/30.0
• ARV discount +5.7/15.0
• Schools +4.5/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +1.3/10.0
• DSCR +1.0/10.0

Listing remarks MLS

Discover your new home in this meticulously upgraded and maintained property in family-friendly Cypress landing. Just minutes from schools and shopping, this 3 bed/2 bath move-in ready home offers comfort and style with the convenience of smart, eco-friendly technology. Recent Upgrades & Features You’ll Love: Fresh & Inviting Interiors: New carpet throughout, and freshly painted walls, ceilings, and doors give the home a crisp, updated look. Storage organizers and extra lighting provide added convenience. Remodeled Bathrooms: Both the guest and master bathrooms have been beautifully renovated, with the master shower still covered by a 6-year warranty for added peace of mind. Convenient Enhancements: Electrical upgrades, emergency whole-house water shutoff valve installed for quick access. New seamless, one-piece aluminum gutters installed in 2022. Reinforced attic and garage storage. Wyze Smart Security System: Enjoy peace of mind with a fully integrated security system, featuring 2 floodlight cameras, a doorbell camera, remote-controlled deadbolt, and garage door opener—all controlled seamlessly via a single app. Cutting-Edge Solar System: Equipped with 29 solar panels and individual microinverters, this system is designed to drastically cut your energy costs. Say goodbye to electric bills—typically, you’ll only pay the small customer charge($30). Plus, the system is under warranty until 2047, ensuring long-term savings and reliability.

Key facts

• Remodeled bathrooms
• 7,405 sq ft lot
• 2 garage spots

Tags

• METICULOUSLY UPGRADED
• SMART ECO-FRIENDLY TECHNOLOGY
• REMODELED BATHROOMS
• NEW SEAMLESS ALUMINUM GUTTERS
• REINFORCED ATTIC STORAGE
• WYZE SMART SECURITY SYSTEM

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $285k.

Deal economics

• At list price, monthly cash flow is $-445 ($-5k/yr) — negative.
• To cash-flow at today's rent, offer at most $206k (27.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $180k (36.9% below list).
• Recommended offer: $180k (36.9% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 73/100 on livability (#304 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities C-, commute F, employment F.
• Columbia (town): math 53% / reading 54% proficiency, ranked #25 of 73 in FL (top 34%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Summers Elementary School (math 59% / reading 55%, grade C+, #781 of 2,144 statewide, top 38%, 517 students, 76% FRL); Columbia High School (math 28% / reading 45%, grade F, #351 of 667 statewide, top 54%, 1,737 students, 50% FRL).
• Market conditions: 143 active listings in the ZIP; 178 units permitted in Columbia County in 2024 (0 in 5+ unit buildings).
• This rent runs 39% of the median local income ($55k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $30k of equity ($2k loan paydown + $28k appreciation (10.0% local appreciation)).
• Columbia County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• By year 2, paydown + projected appreciation supports a ~$49k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 227 days — a 12% lower offer ($251k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 5y ago; this cycle's ask is 8% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $215k; 33% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; major 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 $179,774 (36.9% 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 227 days. Have you received any prior offers? Is the seller open to a 37% 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 B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 0.63% ✗
• Cap rate: 4.42%
• Cash-on-cash: -6.69%
• DSCR: 0.70
• GRM: 13.2

CMA / ARV

• ARV (on-the-fly): $274,170
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1135 SW Fairfax Gln	0.26mi	3/2.0	1,322 (-11%)	1mo	$229,000	$173	69
1175 SW Yorktown Gln	0.20mi	3/2.0	1,394 (-6%)	14mo	$265,000	$190	69
1085 SW Fairfax Gln	0.30mi	3/2.0	1,372 (-7%)	8mo	$254,000	$185	66
926 SW Brookdale Dr	0.45mi	3/2.0	1,625 (+10%)	1mo	$265,000	$163	62
1188 SW Mcfarlane Ave	0.57mi	3/2.0	1,400 (-6%)	4mo	$280,000	$200	61
1103 SW Sunbeam Way	0.55mi	3/2.0	1,540 (+4%)	10mo	$300,000	$195	59
880 SW Cherub Gln	0.57mi	3/2.0	1,355 (-9%)	6mo	$279,000	$206	54
1603 SW Saint James Ct	0.65mi	3/2.0	1,415 (-4%)	10mo	$240,000	$170	54
1725 SW Ironwood Dr	0.55mi	2/2.0 (-1)	1,296 (-13%)	2mo	$195,000	$150	47
1554 SW Caroline Ct	0.66mi	3/2.0	1,378 (-7%)	17mo	$325,000	$236	44
1626 SW Caroline Ct	0.72mi	3/2.0	1,690 (+14%)	14mo	$235,000	$139	31
1661 SW Saint James Ct	0.72mi	4/2.0 (+1)	1,690 (+14%)	12mo	$269,000	$159	28

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: 19.5%
• Equity multiple: 2.59×
• Total profit: $126,855
• Equity at exit: $256,751

10-year hold

• IRR: 18.0%
• Equity multiple: 5.96×
• Total profit: $395,769
• Equity at exit: $553,692

Cash invested: $79,800 (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 32025

• Home prices YoY: 6.8%
• Active inventory: 143
• Price-to-rent: 13.2×

Monthly cashflow live

• Estimated rent: $1,798 medium
• Mortgage (P&I): −$1,495
• Tax from tax record: −$252 /mo · $3,020/yr
• Insurance: −$119
• HOA: −$0
• Vacancy / Maint / Mgmt: −$378
• Net cashflow: $-445

Break-even live

Break-even rent $2,361

Max offer price $206,433

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: $71,250
• Closing costs: $8,550
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-04-14
   status Pending
2. 2026-04-13
   historical Active Under Contract 1497-char remark

   Show marketing remark (1497 chars)

   Discover your new home in this meticulously upgraded and maintained property in family-friendly Cypress landing. Just minutes from schools and shopping, this 3 bed/2 bath move-in ready home offers comfort and style with the convenience of smart, eco-friendly technology. Recent Upgrades & Features You’ll Love: Fresh & Inviting Interiors: New carpet throughout, and freshly painted walls, ceilings, and doors give the home a crisp, updated look. Storage organizers and extra lighting provide added convenience. Remodeled Bathrooms: Both the guest and master bathrooms have been beautifully renovated, with the master shower still covered by a 6-year warranty for added peace of mind. Convenient Enhancements: Electrical upgrades, emergency whole-house water shutoff valve installed for quick access. New seamless, one-piece aluminum gutters installed in 2022. Reinforced attic and garage storage. Wyze Smart Security System: Enjoy peace of mind with a fully integrated security system, featuring 2 floodlight cameras, a doorbell camera, remote-controlled deadbolt, and garage door opener—all controlled seamlessly via a single app. Cutting-Edge Solar System: Equipped with 29 solar panels and individual microinverters, this system is designed to drastically cut your energy costs. Say goodbye to electric bills—typically, you’ll only pay the small customer charge($30). Plus, the system is under warranty until 2047, ensuring long-term savings and reliability.

3. 2026-03-23
   price $285,000

   Show marketing remark (1497 chars)

   Discover your new home in this meticulously upgraded and maintained property in family-friendly Cypress landing. Just minutes from schools and shopping, this 3 bed/2 bath move-in ready home offers comfort and style with the convenience of smart, eco-friendly technology. Recent Upgrades & Features You’ll Love: Fresh & Inviting Interiors: New carpet throughout, and freshly painted walls, ceilings, and doors give the home a crisp, updated look. Storage organizers and extra lighting provide added convenience. Remodeled Bathrooms: Both the guest and master bathrooms have been beautifully renovated, with the master shower still covered by a 6-year warranty for added peace of mind. Convenient Enhancements: Electrical upgrades, emergency whole-house water shutoff valve installed for quick access. New seamless, one-piece aluminum gutters installed in 2022. Reinforced attic and garage storage. Wyze Smart Security System: Enjoy peace of mind with a fully integrated security system, featuring 2 floodlight cameras, a doorbell camera, remote-controlled deadbolt, and garage door opener—all controlled seamlessly via a single app. Cutting-Edge Solar System: Equipped with 29 solar panels and individual microinverters, this system is designed to drastically cut your energy costs. Say goodbye to electric bills—typically, you’ll only pay the small customer charge($30). Plus, the system is under warranty until 2047, ensuring long-term savings and reliability.

4. 2026-03-23
   price $285,000 1497-char remark

   Show marketing remark (1497 chars)

   Discover your new home in this meticulously upgraded and maintained property in family-friendly Cypress landing. Just minutes from schools and shopping, this 3 bed/2 bath move-in ready home offers comfort and style with the convenience of smart, eco-friendly technology. Recent Upgrades & Features You’ll Love: Fresh & Inviting Interiors: New carpet throughout, and freshly painted walls, ceilings, and doors give the home a crisp, updated look. Storage organizers and extra lighting provide added convenience. Remodeled Bathrooms: Both the guest and master bathrooms have been beautifully renovated, with the master shower still covered by a 6-year warranty for added peace of mind. Convenient Enhancements: Electrical upgrades, emergency whole-house water shutoff valve installed for quick access. New seamless, one-piece aluminum gutters installed in 2022. Reinforced attic and garage storage. Wyze Smart Security System: Enjoy peace of mind with a fully integrated security system, featuring 2 floodlight cameras, a doorbell camera, remote-controlled deadbolt, and garage door opener—all controlled seamlessly via a single app. Cutting-Edge Solar System: Equipped with 29 solar panels and individual microinverters, this system is designed to drastically cut your energy costs. Say goodbye to electric bills—typically, you’ll only pay the small customer charge($30). Plus, the system is under warranty until 2047, ensuring long-term savings and reliability.

5. 2026-01-16
   price $295,000
6. 2026-01-15
   price $295,000 1497-char remark

   Show marketing remark (1497 chars)

   Discover your new home in this meticulously upgraded and maintained property in family-friendly Cypress landing. Just minutes from schools and shopping, this 3 bed/2 bath move-in ready home offers comfort and style with the convenience of smart, eco-friendly technology. Recent Upgrades & Features You’ll Love: Fresh & Inviting Interiors: New carpet throughout, and freshly painted walls, ceilings, and doors give the home a crisp, updated look. Storage organizers and extra lighting provide added convenience. Remodeled Bathrooms: Both the guest and master bathrooms have been beautifully renovated, with the master shower still covered by a 6-year warranty for added peace of mind. Convenient Enhancements: Electrical upgrades, emergency whole-house water shutoff valve installed for quick access. New seamless, one-piece aluminum gutters installed in 2022. Reinforced attic and garage storage. Wyze Smart Security System: Enjoy peace of mind with a fully integrated security system, featuring 2 floodlight cameras, a doorbell camera, remote-controlled deadbolt, and garage door opener—all controlled seamlessly via a single app. Cutting-Edge Solar System: Equipped with 29 solar panels and individual microinverters, this system is designed to drastically cut your energy costs. Say goodbye to electric bills—typically, you’ll only pay the small customer charge($30). Plus, the system is under warranty until 2047, ensuring long-term savings and reliability.

7. 2025-08-30
   listed $265,000 Active
8. 2025-08-29
   listed $265,000 Active 1497-char remark

   Show marketing remark (1497 chars)

   Discover your new home in this meticulously upgraded and maintained property in family-friendly Cypress landing. Just minutes from schools and shopping, this 3 bed/2 bath move-in ready home offers comfort and style with the convenience of smart, eco-friendly technology. Recent Upgrades & Features You’ll Love: Fresh & Inviting Interiors: New carpet throughout, and freshly painted walls, ceilings, and doors give the home a crisp, updated look. Storage organizers and extra lighting provide added convenience. Remodeled Bathrooms: Both the guest and master bathrooms have been beautifully renovated, with the master shower still covered by a 6-year warranty for added peace of mind. Convenient Enhancements: Electrical upgrades, emergency whole-house water shutoff valve installed for quick access. New seamless, one-piece aluminum gutters installed in 2022. Reinforced attic and garage storage. Wyze Smart Security System: Enjoy peace of mind with a fully integrated security system, featuring 2 floodlight cameras, a doorbell camera, remote-controlled deadbolt, and garage door opener—all controlled seamlessly via a single app. Cutting-Edge Solar System: Equipped with 29 solar panels and individual microinverters, this system is designed to drastically cut your energy costs. Say goodbye to electric bills—typically, you’ll only pay the small customer charge($30). Plus, the system is under warranty until 2047, ensuring long-term savings and reliability.

9. 2025-06-02
   status Active
10. 2025-06-02
    price $265,000
11. 2025-05-28
    price $275,000
12. 2025-03-31
    price $285,000
13. 2025-02-10
    listed $290,000 Active
14. 2021-09-27
    soldstatus $215,000
15. 2021-09-24
    soldstatus $215,000
16. 2021-09-24
    listed $215,000
17. 2021-07-25
    soldstatus $215,000
18. 2005-02-23
    soldstatus $288,000
19. 2002-08-01
    soldstatus $122,000

ⓘ 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: $3,020 · $252/mo
• Projected year-2 tax: $3,020 · $252/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 6/10 Major
• 🌡 Heat 8/10 Severe 7 d/yr ≥107°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 9 unhealthy d/yr today · 10 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,573
• − Mortgage interest: −$15,964
• − Property taxes: −$3,020
• − Insurance: −$1,425
• − Repairs & maintenance: −$1,726
• − Management: −$1,726
• − Depreciation: −$8,291
• Taxable loss: −$10,579
• Est. tax savings @ 24.0%: +$2,539
• After-tax cash flow: $-2,798/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: Columbia
• NCES district ID: 1200360
• Math proficiency: 53% ▼ -10.00%
• Reading proficiency: 54% ▼ -3.00%
• Median HH income: $40,053
• Composite: 44.74/100
• National rank: #2750
• State rank: #25 of 73 in FL

Livability — Lake City

• Score: 73/100
• State rank: #304
• US rank: #5154

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lake City, FL
• County: Columbia County · 40,507 people
• City population: 40,507
• Metro: Lake City, FL
• Population (ZIP): 22,948
• Household income: $55,004
• Rent vs Own: 40.1% rent · 59.9% own
• Severe rent burden: 754.0

Population outlook (Columbia County) Hauer SSP2

• Today (2025): 68,129 people
• By 2030: 67,501 · -0.9%
• By 2040: 65,465 · -3.9%
• By 2050: 63,058 · -7.4%
• By 2075: 56,291 · -17.4%
• By 2100: 45,243 · -33.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (67%)
• Race & ethnicity: White 67% Black 20% Hispanic / Latino 8% Two or more races 7%
• Hispanic origin (detail): Mexican 1% Puerto Rican 3% Cuban 1%
• Common ancestry: Serbian 2% Lithuanian 2% Romanian 2%
• Foreign-born: 3% · Canada
• Languages at home: 91% English-only · Spanish 6% French/Haitian/Cajun 2%

Political lean MEDSL · Columbia

• 2024 margin: Solid R (+50.2) · D 24.6% · R 74.7%
• 2008→2024 swing: -16.4pp toward R · 2008: -33.8pp · 2024: -50.2pp
• All cycles: 2024: R+50.2 2020: R+45.2 2016: R+44.5 2012: R+36.7 2008: R+33.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 17.57%
• Current HPI: 276.7253
• Rent YoY: —
• Metro: Lake City, 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

+133.6% since first listed

19 events — show timeline

• 2026-04-14 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-13 Contingent — NFMLS
• 2026-03-23 Price Changed $285,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-23 Price Changed $285,000 NFMLS
• 2026-01-16 Price Changed $295,000 Stellar MLS as Distributed by MLS Grid
• 2026-01-15 Price Changed $295,000 NFMLS
• 2025-08-30 Listed $265,000 Stellar MLS as Distributed by MLS Grid
• 2025-08-29 Listed $265,000 NFMLS
• 2025-06-02 Relisted — NFMLS
• 2025-06-02 Price Changed $265,000 NFMLS
• 2025-05-28 Price Changed $275,000 NFMLS
• 2025-03-31 Price Changed $285,000 NFMLS
• 2025-02-10 Listed $290,000 NFMLS
• 2021-09-27 Sold (Public Records) $215,000 Public Records
• 2021-09-24 Listed $215,000 Stellar MLS as Distributed by MLS Grid
• 2021-09-24 Sold (MLS) $215,000 Stellar MLS as Distributed by MLS Grid
• 2021-07-25 Sold (MLS) $215,000 NFMLS
• 2005-02-23 Sold (Public Records) $288,000 Public Records
• 2002-08-01 Sold (Public Records) $122,000 Public Records

Property tax history

+6.4%/yr

Latest (2025): $3,020 · +3.0% YoY. Source: county tax records.