2215 NW 9th Pl · Gainesville, FL 32605

$150,000

4 bd · 1.0 ba · 2,236 sqft · SingleFamily public records · 4 Days on market

Built 1954 0.36 ac lot

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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 +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +9.5/10.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• Livability +4.0/5.0
• Rent growth +3.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Unlock the potential of this rare . 36-acre wooded lot located just minutes from the University of Florida located within walking distance to UF undergraduate classes and Ben Hill Griffin Stadium. Positioned in one of Gainesville’s most desirable, centrally located neighborhoods, the location of property can't be beat! The lot is full of mature shade trees and just a short drive or bike to Downtown and UF Health Shands. The existing 2,236 sq ft Ocala-block structure is not currently habitable, creating a rare opportunity for a new home to be built or for those with the knowledge, skills, and resources to take on a major project, a rehab of the current structure. This is a highly advanced flip project or a complete demolition of the current home. Cash or private loan buyers to inquire only as the property is not eligible for a mortgage. Please schedule an appointment if you intend to step foot on the property. Those interested in the home are advised to not make ANY attempts to enter the home and are to exercise extreme caution when walking around the property.

Key facts

• Wooded lot
• Mature shade trees
• 0.36 acre lot

Tags

• WOODED LOT
• MATURE SHADE TREES
• WALKING DISTANCE TO UF
• SHORT DRIVE TO DOWNTOWN

Property features AI

Finance

• Other: Property type: Residential — Single Family Residence; Zoning: RSF1; Furnished: Yes
• Financial info: Lease restrictions: none
• HOA & community: No HOA (no association listed); Located in the Florida Park development

Exterior

• Parking: Parking details not specified
• Security: No security features specified
• Utilities: Public water; Public sewer; Electricity available; Cable available; High-speed/BB internet available
• Home design: Single-family residence; Multi/split levels; North-facing
• Construction: Brick construction; Shingle roof; Foundation: slab and basement; Built on a lot of approximately 0.36 acres
• Exterior features: Asphalt road access

Interior

• Kitchen: No appliances specified
• Bedrooms: 4 bedrooms
• Flooring: Flooring: other/unspecified
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Cooling: other/unspecified
• Interior features: Some interior features not specified (other/none)
• Laundry & utility: Laundry area with unspecified/other features

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $598 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).

Location & tenants

• Location reads 81/100 on livability (#97 in FL, #1,480 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+; Watch: employment D+, crime F.
• Alachua (urban): math 49% / reading 54% proficiency, ranked #30 of 73 in FL (top 41%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising fast (+4.4%/yr); 260 active listings in the ZIP; solid renter incomes; 1,774 units permitted in Alachua County in 2024 (984 in 5+ unit buildings).
• This rent runs 30% of the median local income ($87k/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 $4k of value loss. Plan a longer hold.
• Alachua County population projected at +26% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 4.4% rent growth), your $42k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 28y 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

• Watch-outs: built in 1954 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $150,000

Questions for the listing agent

1. Built in 1954 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. Crime grade is F 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: 1.45% ✓
• Cap rate: 11.07%
• Cash-on-cash: 17.08%
• DSCR: 1.76
• GRM: 5.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 4.41% rent growth · sell at horizon

5-year hold

• IRR: 10.1%
• Equity multiple: 1.40×
• Total profit: $16,985
• Equity at exit: $22,365

10-year hold

• IRR: 20.4%
• Equity multiple: 2.84×
• Total profit: $77,405
• Equity at exit: $12,969

Cash invested: $42,000 (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 32605

• Home prices YoY: -34.2%
• Rents YoY: 4.4%
• Active inventory: 260
• Price-to-rent: 5.7×

Monthly cashflow live

• Estimated rent: $2,180 medium
• Mortgage (P&I): −$787
• Tax from tax record: −$275 /mo · $3,302/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$458
• Net cashflow: $598

Break-even live

Break-even rent $1,423

Max offer price $150,000

Occupancy floor 68%

Sensitivity live

Price	-10% $683	-5% $640	+0% $598	+5% $555	+10% $513
Rent	-10% $426	-5% $512	+0% $598	+5% $684	+10% $770
Rate	-1.0pp $673	-0.5pp $636	base $598	+0.5pp $559	+1.0pp $519

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Listing history 10 events

1. 2026-04-13
   status Pending 1082-char remark

   Show marketing remark (1082 chars)

   Unlock the potential of this rare . 36-acre wooded lot located just minutes from the University of Florida located within walking distance to UF undergraduate classes and Ben Hill Griffin Stadium. Positioned in one of Gainesville’s most desirable, centrally located neighborhoods, the location of property can't be beat! The lot is full of mature shade trees and just a short drive or bike to Downtown and UF Health Shands. The existing 2,236 sq ft Ocala-block structure is not currently habitable, creating a rare opportunity for a new home to be built or for those with the knowledge, skills, and resources to take on a major project, a rehab of the current structure. This is a highly advanced flip project or a complete demolition of the current home. Cash or private loan buyers to inquire only as the property is not eligible for a mortgage. Please schedule an appointment if you intend to step foot on the property. Those interested in the home are advised to not make ANY attempts to enter the home and are to exercise extreme caution when walking around the property.

2. 2026-04-13
   status Pending

   Show marketing remark (1082 chars)

   Unlock the potential of this rare . 36-acre wooded lot located just minutes from the University of Florida located within walking distance to UF undergraduate classes and Ben Hill Griffin Stadium. Positioned in one of Gainesville’s most desirable, centrally located neighborhoods, the location of property can't be beat! The lot is full of mature shade trees and just a short drive or bike to Downtown and UF Health Shands. The existing 2,236 sq ft Ocala-block structure is not currently habitable, creating a rare opportunity for a new home to be built or for those with the knowledge, skills, and resources to take on a major project, a rehab of the current structure. This is a highly advanced flip project or a complete demolition of the current home. Cash or private loan buyers to inquire only as the property is not eligible for a mortgage. Please schedule an appointment if you intend to step foot on the property. Those interested in the home are advised to not make ANY attempts to enter the home and are to exercise extreme caution when walking around the property.

3. 2026-04-09
   listed $150,000 Active 1082-char remark

   Show marketing remark (1082 chars)

   Unlock the potential of this rare . 36-acre wooded lot located just minutes from the University of Florida located within walking distance to UF undergraduate classes and Ben Hill Griffin Stadium. Positioned in one of Gainesville’s most desirable, centrally located neighborhoods, the location of property can't be beat! The lot is full of mature shade trees and just a short drive or bike to Downtown and UF Health Shands. The existing 2,236 sq ft Ocala-block structure is not currently habitable, creating a rare opportunity for a new home to be built or for those with the knowledge, skills, and resources to take on a major project, a rehab of the current structure. This is a highly advanced flip project or a complete demolition of the current home. Cash or private loan buyers to inquire only as the property is not eligible for a mortgage. Please schedule an appointment if you intend to step foot on the property. Those interested in the home are advised to not make ANY attempts to enter the home and are to exercise extreme caution when walking around the property.

4. 2026-04-09
   listed $150,000 Active

   Show marketing remark (1082 chars)

   Unlock the potential of this rare . 36-acre wooded lot located just minutes from the University of Florida located within walking distance to UF undergraduate classes and Ben Hill Griffin Stadium. Positioned in one of Gainesville’s most desirable, centrally located neighborhoods, the location of property can't be beat! The lot is full of mature shade trees and just a short drive or bike to Downtown and UF Health Shands. The existing 2,236 sq ft Ocala-block structure is not currently habitable, creating a rare opportunity for a new home to be built or for those with the knowledge, skills, and resources to take on a major project, a rehab of the current structure. This is a highly advanced flip project or a complete demolition of the current home. Cash or private loan buyers to inquire only as the property is not eligible for a mortgage. Please schedule an appointment if you intend to step foot on the property. Those interested in the home are advised to not make ANY attempts to enter the home and are to exercise extreme caution when walking around the property.

5. 2001-04-04
   soldstatus $160,000
6. 1998-08-03
   soldstatus $145,000
7. 1998-07-30
   soldstatus $145,000 181-char remark

   Show marketing remark (181 chars)

   FANTASTIC HOME CLOSE TO U. OF F. HARD- WOOD FLOORS, RE-MODELED KITCHEN, 1/2 AC LOT MORE. FINISHED HEATED COOLED DOWNSTAIRS FAMILY ROOM HAS FULL BATH SEPARATE ENTRANCE. ERA WARRANTY.

8. 1998-06-07
   listed $147,500 181-char remark

   Show marketing remark (181 chars)

   FANTASTIC HOME CLOSE TO U. OF F. HARD- WOOD FLOORS, RE-MODELED KITCHEN, 1/2 AC LOT MORE. FINISHED HEATED COOLED DOWNSTAIRS FAMILY ROOM HAS FULL BATH SEPARATE ENTRANCE. ERA WARRANTY.

9. 1992-03-27
   soldstatus $103,900
10. 1987-03-01
    soldstatus $89,500

ⓘ 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: $3,302 · $275/mo
• Projected year-2 tax: $3,302 · $275/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 1/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥107°F today · 19 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 4 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,157
• − Mortgage interest: −$8,402
• − Property taxes: −$3,302
• − Insurance: −$750
• − Repairs & maintenance: −$2,093
• − Management: −$2,093
• − Depreciation: −$4,364
• Taxable income: $5,154
• Est. tax owed @ 24.0%: −$1,237
• After-tax cash flow: $5,936/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: Alachua
• NCES district ID: 1200030
• Math proficiency: 49% ▼ -9.00%
• Reading proficiency: 54% ▼ -3.00%
• Median HH income: $42,683
• Composite: 43.31/100
• National rank: #3038
• State rank: #30 of 73 in FL

Livability — Gainesville

• Score: 81/100
• State rank: #97
• US rank: #1480

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Gainesville, FL
• County: Alachua County · 218,005 people
• City population: 188,348
• Metro: Gainesville, FL
• Population (ZIP): 24,689
• Household income: $86,714
• Rent vs Own: 22.1% rent · 77.9% own
• Severe rent burden: 586.0

Population outlook (Alachua County) Hauer SSP2

• Today (2025): 289,834 people
• By 2030: 305,873 · +5.5%
• By 2040: 335,246 · +15.7%
• By 2050: 364,719 · +25.8%
• By 2075: 436,665 · +50.7%
• By 2100: 482,920 · +66.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (67%)
• Race & ethnicity: White 67% Hispanic / Latino 12% Black 12% Two or more races 12% Asian 4%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2% Cuban 2%
• Common ancestry: Slovak 5% Romanian 4% Lithuanian 2%
• Foreign-born: 10% · Canada, China, Vietnam
• Languages at home: 84% English-only · Spanish 6% Chinese 2% Other Indo-European 2%

Political lean MEDSL · Alachua

• 2024 margin: Strong D (+21.0) · D 59.7% · R 38.8% · Other 1.5%
• 2008→2024 swing: -0.6pp no change · 2008: 21.6pp · 2024: 21.0pp
• All cycles: 2024: D+21.0 2020: D+27.2 2016: D+22.5 2012: D+17.3 2008: D+21.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -142.48%
• Current HPI: 274.157
• Rent YoY: ▲ 4.41%
• Metro: Gainesville, 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

+67.6% since first listed

10 events — show timeline

• 2026-04-13 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-13 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-09 Listed $150,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-09 Listed $150,000 Stellar MLS as Distributed by MLS Grid
• 2001-04-04 Sold (Public Records) $160,000 Public Records
• 1998-08-03 Sold (Public Records) $145,000 Public Records
• 1998-07-30 Sold (MLS) $145,000 Stellar MLS as Distributed by MLS Grid
• 1998-06-07 Listed $147,500 Stellar MLS as Distributed by MLS Grid
• 1992-03-27 Sold (Public Records) $103,900 Public Records
• 1987-03-01 Sold (Public Records) $89,500 Public Records

Property tax history

+2.1%/yr

Latest (2025): $3,302 · +4.2% YoY. Source: county tax records.