5191 SE 36th St · Newberry, FL 32693

$234,900

3 bd · 2.0 ba · 1,440 sqft · Manufactured public records · 189 Days on market

Built 2001 5.00 ac lot Est $236k · at est.

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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).

• Cash flow +10.0/30.0
• Appreciation +10.0/10.0
• ARV discount +7.7/15.0
• Schools +5.3/10.0
• Livability +3.4/5.0
• DSCR +2.9/10.0
• 1% rule +2.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Welcome to this well-maintained 3-bedroom home with an additional office/flex space, perfectly situated on 5 peaceful acres in Trenton, FL. Step inside to find a warm and inviting living area centered around a cozy wood-burning fireplace, creating the perfect gathering spot for family and friends. The interior layout offers a comfortable flow with spacious bedrooms, a versatile flex room ideal for a home office or hobby space, and well-kept finishes throughout. The property is fully fenced and thoughtfully set up for a rural lifestyle. Outside, you’ll find a small chicken coop and a 10x30 pig pen, making it ideal for small livestock or hobby farming. Recent improvements include a new well pump and chlorinator system, as well as an AC replacement in 2021, giving future owners added peace of mind. Just steps away is Christmas Lake, a serene community lake that residents have access to—perfect for quiet mornings, peaceful walks, or simply enjoying the natural beauty of the area. With its blend of comfort, space, updates, and true country living—while still being close to the conveniences of Trenton—this property offers an ideal place to call home.

Key facts

• Fully fenced
• New well pump
• Flex room

Tags

• WOOD BURNING FIREPLACE
• FLEX ROOM
• FULLY FENCED
• CHICKEN COOP
• PIG PEN
• NEW WELL PUMP

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $235k.

Deal economics

• At list price, monthly cash flow is $-141 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $210k (10.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $178k (24.0% below list).
• Recommended offer: $178k (24.0% below list) — sets the bar for 1% rule.
• Cap rate 5.6% vs local median 4.2% in Newberry — 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 68/100 on livability (#524 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A-; Watch: health & safety D, amenities F, commute 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: 199 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 $25k of equity ($2k loan paydown + $23k 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.
• By year 2, paydown + projected appreciation supports a ~$40k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 189 days — a 12% lower offer ($207k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $34k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $43k; list at $235k implies a 446% 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→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $178,452 (24.0% 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 189 days. Have you received any prior offers? Is the seller open to a 24% 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. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
8. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
9. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
10. 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.
11. 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.
12. 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: 0.76% ✗
• Cap rate: 5.57%
• Cash-on-cash: -2.57%
• DSCR: 0.89
• GRM: 11.0

CMA / ARV

• ARV (on-the-fly): $236,160
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4100 SE 53rd Ct	0.51mi	3/2.0	1,584 (+10%)	13mo	$258,999	$164	49

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: 22.4%
• Equity multiple: 2.81×
• Total profit: $118,958
• Equity at exit: $211,617

10-year hold

• IRR: 20.1%
• Equity multiple: 6.43×
• Total profit: $357,319
• Equity at exit: $456,359

Cash invested: $65,772 (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 32693

• Home prices YoY: 14.8%
• Active inventory: 199
• Price-to-rent: 11.0×

Monthly cashflow live

• Estimated rent: $1,785 medium
• Mortgage (P&I): −$1,232
• Tax from tax record: −$221 /mo · $2,648/yr
• Insurance: −$98
• HOA: −$0
• Vacancy / Maint / Mgmt: −$375
• Net cashflow: $-141

Break-even live

Break-even rent $1,963

Max offer price $210,056

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: $58,725
• Closing costs: $7,047
• Reserves months: —
• Total cash needed: —

Listing history 27 events

1. 2026-06-18
   days on market $234,900 Active 189 DOM
2. 2026-06-17
   days on market $234,900 Active 188 DOM
3. 2026-06-16
   days on market $234,900 Active 187 DOM
4. 2026-06-15
   days on market $234,900 Active 186 DOM
5. 2026-06-14
   days on market $234,900 Active 184 DOM
6. 2026-06-13
   days on market $234,900 Active 183 DOM
7. 2026-06-10
   days on market $234,900 Active 181 DOM
8. 2026-06-09
   days on market $234,900 Active 180 DOM
9. 2026-06-08
   days on market $234,900 Active 179 DOM
10. 2026-06-07
    days on market $234,900 Active 178 DOM
11. 2026-06-05
    days on market $234,900 Active 175 DOM
12. 2026-06-02
    days on market $234,900 Active 173 DOM
13. 2026-06-01
    days on market $234,900 Active 172 DOM
14. 2026-05-31
    days on market $234,900 Active 171 DOM
15. 2026-05-30
    days on market $234,900 Active 170 DOM
16. 2026-04-29
    price $234,900 1186-char remark

    Show marketing remark (1180 chars)

    Welcome to this well-maintained 3-bedroom home with an additional office/flex space, perfectly situated on 5 peaceful acres in Trenton, FL. Step inside to find a warm and inviting living area centered around a cozy wood-burning fireplace, creating the perfect gathering spot for family and friends. The interior layout offers a comfortable flow with spacious bedrooms, a versatile flex room ideal for a home office or hobby space, and well-kept finishes throughout. The property is fully fenced and thoughtfully set up for a rural lifestyle. Outside, you'll find a small chicken coop and a 10x30 pig pen, making it ideal for small livestock or hobby farming. Recent improvements include a new well pump and chlorinator system, as well as an AC replacement in 2021, giving future owners added peace of mind. Just steps away is Christmas Lake, a serene community lake that residents have access to—perfect for quiet mornings, peaceful walks, or simply enjoying the natural beauty of the area. With its blend of comfort, space, updates, and true country living—while still being close to the conveniences of Trenton—this property offers an ideal place to call home.

17. 2026-04-29
    price $234,900 1180-char remark

    Show marketing remark (1180 chars)

    Welcome to this well-maintained 3-bedroom home with an additional office/flex space, perfectly situated on 5 peaceful acres in Trenton, FL. Step inside to find a warm and inviting living area centered around a cozy wood-burning fireplace, creating the perfect gathering spot for family and friends. The interior layout offers a comfortable flow with spacious bedrooms, a versatile flex room ideal for a home office or hobby space, and well-kept finishes throughout. The property is fully fenced and thoughtfully set up for a rural lifestyle. Outside, you'll find a small chicken coop and a 10x30 pig pen, making it ideal for small livestock or hobby farming. Recent improvements include a new well pump and chlorinator system, as well as an AC replacement in 2021, giving future owners added peace of mind. Just steps away is Christmas Lake, a serene community lake that residents have access to—perfect for quiet mornings, peaceful walks, or simply enjoying the natural beauty of the area. With its blend of comfort, space, updates, and true country living—while still being close to the conveniences of Trenton—this property offers an ideal place to call home.

18. 2026-04-02
    price $249,000 1180-char remark

    Show marketing remark (1186 chars)

    Welcome to this well-maintained 3-bedroom home with an additional office/flex space, perfectly situated on 5 peaceful acres in Trenton, FL. Step inside to find a warm and inviting living area centered around a cozy wood-burning fireplace, creating the perfect gathering spot for family and friends. The interior layout offers a comfortable flow with spacious bedrooms, a versatile flex room ideal for a home office or hobby space, and well-kept finishes throughout. The property is fully fenced and thoughtfully set up for a rural lifestyle. Outside, you’ll find a small chicken coop and a 10x30 pig pen, making it ideal for small livestock or hobby farming. Recent improvements include a new well pump and chlorinator system, as well as an AC replacement in 2021, giving future owners added peace of mind. Just steps away is Christmas Lake, a serene community lake that residents have access to—perfect for quiet mornings, peaceful walks, or simply enjoying the natural beauty of the area. With its blend of comfort, space, updates, and true country living—while still being close to the conveniences of Trenton—this property offers an ideal place to call home.

19. 2026-04-02
    price $249,000 1186-char remark

    Show marketing remark (1186 chars)

    Welcome to this well-maintained 3-bedroom home with an additional office/flex space, perfectly situated on 5 peaceful acres in Trenton, FL. Step inside to find a warm and inviting living area centered around a cozy wood-burning fireplace, creating the perfect gathering spot for family and friends. The interior layout offers a comfortable flow with spacious bedrooms, a versatile flex room ideal for a home office or hobby space, and well-kept finishes throughout. The property is fully fenced and thoughtfully set up for a rural lifestyle. Outside, you’ll find a small chicken coop and a 10x30 pig pen, making it ideal for small livestock or hobby farming. Recent improvements include a new well pump and chlorinator system, as well as an AC replacement in 2021, giving future owners added peace of mind. Just steps away is Christmas Lake, a serene community lake that residents have access to—perfect for quiet mornings, peaceful walks, or simply enjoying the natural beauty of the area. With its blend of comfort, space, updates, and true country living—while still being close to the conveniences of Trenton—this property offers an ideal place to call home.

20. 2026-02-03
    price $259,000 1180-char remark

    Show marketing remark (1186 chars)

    Welcome to this well-maintained 3-bedroom home with an additional office/flex space, perfectly situated on 5 peaceful acres in Trenton, FL. Step inside to find a warm and inviting living area centered around a cozy wood-burning fireplace, creating the perfect gathering spot for family and friends. The interior layout offers a comfortable flow with spacious bedrooms, a versatile flex room ideal for a home office or hobby space, and well-kept finishes throughout. The property is fully fenced and thoughtfully set up for a rural lifestyle. Outside, you’ll find a small chicken coop and a 10x30 pig pen, making it ideal for small livestock or hobby farming. Recent improvements include a new well pump and chlorinator system, as well as an AC replacement in 2021, giving future owners added peace of mind. Just steps away is Christmas Lake, a serene community lake that residents have access to—perfect for quiet mornings, peaceful walks, or simply enjoying the natural beauty of the area. With its blend of comfort, space, updates, and true country living—while still being close to the conveniences of Trenton—this property offers an ideal place to call home.

21. 2026-02-03
    price $259,000 1186-char remark

    Show marketing remark (1186 chars)

    Welcome to this well-maintained 3-bedroom home with an additional office/flex space, perfectly situated on 5 peaceful acres in Trenton, FL. Step inside to find a warm and inviting living area centered around a cozy wood-burning fireplace, creating the perfect gathering spot for family and friends. The interior layout offers a comfortable flow with spacious bedrooms, a versatile flex room ideal for a home office or hobby space, and well-kept finishes throughout. The property is fully fenced and thoughtfully set up for a rural lifestyle. Outside, you’ll find a small chicken coop and a 10x30 pig pen, making it ideal for small livestock or hobby farming. Recent improvements include a new well pump and chlorinator system, as well as an AC replacement in 2021, giving future owners added peace of mind. Just steps away is Christmas Lake, a serene community lake that residents have access to—perfect for quiet mornings, peaceful walks, or simply enjoying the natural beauty of the area. With its blend of comfort, space, updates, and true country living—while still being close to the conveniences of Trenton—this property offers an ideal place to call home.

22. 2025-12-11
    listed $269,000 Active 1186-char remark

    Show marketing remark (1186 chars)

    Welcome to this well-maintained 3-bedroom home with an additional office/flex space, perfectly situated on 5 peaceful acres in Trenton, FL. Step inside to find a warm and inviting living area centered around a cozy wood-burning fireplace, creating the perfect gathering spot for family and friends. The interior layout offers a comfortable flow with spacious bedrooms, a versatile flex room ideal for a home office or hobby space, and well-kept finishes throughout. The property is fully fenced and thoughtfully set up for a rural lifestyle. Outside, you’ll find a small chicken coop and a 10x30 pig pen, making it ideal for small livestock or hobby farming. Recent improvements include a new well pump and chlorinator system, as well as an AC replacement in 2021, giving future owners added peace of mind. Just steps away is Christmas Lake, a serene community lake that residents have access to—perfect for quiet mornings, peaceful walks, or simply enjoying the natural beauty of the area. With its blend of comfort, space, updates, and true country living—while still being close to the conveniences of Trenton—this property offers an ideal place to call home.

23. 2025-12-08
    listed $269,000 Active 1180-char remark

    Show marketing remark (1180 chars)

    Welcome to this well-maintained 3-bedroom home with an additional office/flex space, perfectly situated on 5 peaceful acres in Trenton, FL. Step inside to find a warm and inviting living area centered around a cozy wood-burning fireplace, creating the perfect gathering spot for family and friends. The interior layout offers a comfortable flow with spacious bedrooms, a versatile flex room ideal for a home office or hobby space, and well-kept finishes throughout. The property is fully fenced and thoughtfully set up for a rural lifestyle. Outside, you'll find a small chicken coop and a 10x30 pig pen, making it ideal for small livestock or hobby farming. Recent improvements include a new well pump and chlorinator system, as well as an AC replacement in 2021, giving future owners added peace of mind. Just steps away is Christmas Lake, a serene community lake that residents have access to—perfect for quiet mornings, peaceful walks, or simply enjoying the natural beauty of the area. With its blend of comfort, space, updates, and true country living—while still being close to the conveniences of Trenton—this property offers an ideal place to call home.

24. 2019-10-22
    soldstatus $43,000
25. 2009-12-22
    soldstatus $70,000
26. 2007-04-12
    soldstatus $85,000
27. 1988-12-05
    soldstatus $21,400

ⓘ 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: $2,648 · $221/mo
• Projected year-2 tax: $2,648 · $221/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 5/10 Major
• 🌡 Heat 9/10 Extreme 7 d/yr ≥108°F today · 23 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,414
• − Mortgage interest: −$13,158
• − Property taxes: −$2,648
• − Insurance: −$1,174
• − Repairs & maintenance: −$1,713
• − Management: −$1,713
• − Depreciation: −$6,833
• Taxable loss: −$5,826
• Est. tax savings @ 24.0%: +$1,398
• After-tax cash flow: $-289/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 — Newberry

• Score: 68/100
• State rank: #524
• US rank: #9753

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 17,704
• Population (ZIP): 11,692

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 (82%)
• Race & ethnicity: White 82% Hispanic / Latino 8% Two or more races 7% Black 5%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3%
• Common ancestry: Lithuanian 4% Slovak 3% Romanian 1%
• Foreign-born: 4% · Canada
• Languages at home: 94% English-only · Spanish 5%

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: ▲ 46.81%
• Current HPI: 363.4299
• 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

+997.7% since first listed

12 events — show timeline

• 2026-04-29 Price Changed $234,900 Stellar MLS as Distributed by MLS Grid
• 2026-04-29 Price Changed $234,900 DGLMLS
• 2026-04-02 Price Changed $249,000 DGLMLS
• 2026-04-02 Price Changed $249,000 Stellar MLS as Distributed by MLS Grid
• 2026-02-03 Price Changed $259,000 DGLMLS
• 2026-02-03 Price Changed $259,000 Stellar MLS as Distributed by MLS Grid
• 2025-12-11 Listed $269,000 Stellar MLS as Distributed by MLS Grid
• 2025-12-08 Listed $269,000 DGLMLS
• 2019-10-22 Sold (Public Records) $43,000 Public Records
• 2009-12-22 Sold (Public Records) $70,000 Public Records
• 2007-04-12 Sold (Public Records) $85,000 Public Records
• 1988-12-05 Sold (Public Records) $21,400 Public Records

Property tax history

+16.2%/yr

Latest (2025): $2,648 · +16.3% YoY. Source: county tax records.