1528 Coconut Blvd · Bunnell, FL 32110

$219,800

3 bd · 2.0 ba · 1,186 sqft · Manufactured public records · 24 Days on market

Built 2002 1.14 ac lot Est $234k · 6% under

---

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 +14.9/30.0
• ARV discount +10.2/15.0
• DSCR +4.6/10.0
• Schools +4.6/10.0
• Livability +3.6/5.0
• 1% rule +2.9/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Tucked away on over an acre of beautifully wooded land, this charming manufactured home offers the perfect blend of privacy, space, and country living. Surrounded by mature trees and natural scenery, you'll enjoy a peaceful setting with plenty of room to relax, entertain, or simply unwind away from the hustle and bustle. Inside, the home features a spacious and functional layout with 2 full bathrooms and an inviting living area designed for comfortable everyday living. The kitchen is the heart of the home, complete with a large center island that provides additional prep space, seating, and storage--perfect for gatherings and daily convenience. Step outside and take advantage of everything this property has to offer. A detached garage provides ample room for parking, hobbies, or workshop space, while the additional storage shed offers even more flexibility for tools, equipment, or outdoor essentials. With so much open space, there's plenty of room for gardening, recreation, or future improvements. Whether you're looking for a private homestead, weekend retreat, or affordable home with land, this property delivers the tranquility and freedom you've been searching for while still offering the comforts of home.

Key facts

• Open space
• Storage shed
• Wooded land

Tags

• WOODED LAND
• MATURE TREES
• DETACHED GARAGE
• STORAGE SHED
• OPEN SPACE

Property features AI

Finance

• Other: Property classified as Residential, Manufactured Home, Zoned SFR; Total living area reported as 1,186 sq ft; total building area reported as 1,496 sq ft
• Financial info: Unfurnished
• HOA & community: No association reported; Located in the Daytona North development

Exterior

• Parking: Directions to property available
• Utilities: Well water; Other sewer; Other utilities
• Home design: Manufactured single-wide home; One level; Faces south
• Construction: Other construction materials; Other roof; Other foundation; Built on a 1.14-acre wooded lot
• Exterior features: Porch; Side porch; Storage; Shed(s); Workshop

Interior

• Kitchen: Microwave; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Laminate flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Other heating; Other cooling
• Interior features: No notable interior features listed
• Laundry & utility: Dedicated laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $220k.

Deal economics

• At list price, monthly cash flow is $-1 ($-16/yr) — negative.
• To cash-flow at today's rent, offer at most $220k (0.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $175k (20.6% below list).
• Recommended offer: $175k (20.6% below list) — sets the bar for 1% rule.
• Cap rate 6.6% vs local median 3.5% in Bunnell — 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 71/100 on livability (#378 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, health & safety A+; Watch: amenities F, commute F, employment F.
• Flagler (rural): math 53% / reading 56% proficiency, ranked #20 of 73 in FL (top 27%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Bunnell Elementary School (math 42% / reading 44%, grade F, #1,366 of 2,144 statewide, top 64%, 1,080 students, 73% FRL); Buddy Taylor Middle School (math 50% / reading 45%, grade C-, #288 of 571 statewide, top 51%, 1,343 students, 63% FRL); Flagler-Palm Coast High School (math 36% / reading 51%, grade F, #248 of 667 statewide, top 38%, 2,523 students, 52% FRL).
• Market conditions: 281 active listings in the ZIP; 2,588 units permitted in Flagler County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Flagler County population projected at +28% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 24 days — a 2% lower offer ($217k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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 $92k; list at $220k implies a 139% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: severe flood risk; 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 $174,572 (20.6% 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. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 0.79% ✗
• Cap rate: 6.65%
• Cash-on-cash: 1.27%
• DSCR: 1.06
• GRM: 10.5

CMA / ARV

• ARV (on-the-fly): $233,642
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1047 Coconut Blvd	0.49mi	3/2.0	1,216 (+2%)	13mo	$240,000	$197	62
2022 Guava Ln	0.49mi	2/2.0 (-1)	1,152 (-3%)	9mo	$233,000	$202	60
2089 Guava Ln	0.55mi	2/2.0 (-1)	1,038 (-12%)	3mo	$180,000	$173	46

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -16.4%
• Equity multiple: 0.42×
• Total profit: $-35,760
• Equity at exit: $32,773

10-year hold

• IRR: -8.2%
• Equity multiple: 0.49×
• Total profit: $-31,487
• Equity at exit: $19,004

Cash invested: $61,544 (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 32110

• Home prices YoY: -22.4%
• Active inventory: 281
• Price-to-rent: 10.5×

Monthly cashflow live

• Estimated rent: $1,746 medium
• Mortgage (P&I): −$1,153
• Tax from tax record: −$70 /mo · $837/yr
• Insurance: −$92
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$367
• Net cashflow: $-1

Break-even live

Break-even rent $1,747

Max offer price $219,565

Occupancy floor 95%

Sensitivity live

Price	-10% $123	-5% $61	+0% $-1	+5% $-64	+10% $-126
Rent	-10% $-139	-5% $-70	+0% $-1	+5% $68	+10% $137
Rate	-1.0pp $109	-0.5pp $55	base $-1	+0.5pp $-58	+1.0pp $-116

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: $54,950
• Closing costs: $6,594
• Reserves months: —
• Total cash needed: —

Listing history 24 events

1. 2026-06-21
   days on market $219,800 Active 24 DOM
2. 2026-06-18
   days on market $219,800 Active 21 DOM
3. 2026-06-17
   price $219,800 Active 20 DOM
4. 2026-06-17
   days on market $219,900 Active 20 DOM
5. 2026-06-16
   days on market $219,900 Active 19 DOM
6. 2026-06-15
   days on market $219,900 Active 18 DOM
7. 2026-06-14
   days on market $219,900 Active 16 DOM
8. 2026-06-13
   days on market $219,900 Active 15 DOM
9. 2026-06-10
   days on market $219,900 Active 13 DOM
10. 2026-06-09
    days on market $219,900 Active 12 DOM
11. 2026-06-08
    days on market $219,900 Active 11 DOM
12. 2026-06-07
    days on market $219,900 Active 10 DOM
13. 2026-06-03
    days on market $219,900 Active 6 DOM
14. 2026-06-02
    days on market $219,900 Active 5 DOM
15. 2026-06-01
    days on market $219,900 Active 4 DOM
16. 2026-05-31
    days on market $219,900 Active 3 DOM
17. 2026-05-31
    days on market $219,900 Active 2 DOM
18. 2026-05-28
    listed $219,900 Active
19. 2026-05-27
    listed $219,900 Active 1230-char remark

    Show marketing remark (1230 chars)

    Tucked away on over an acre of beautifully wooded land, this charming manufactured home offers the perfect blend of privacy, space, and country living. Surrounded by mature trees and natural scenery, you'll enjoy a peaceful setting with plenty of room to relax, entertain, or simply unwind away from the hustle and bustle. Inside, the home features a spacious and functional layout with 2 full bathrooms and an inviting living area designed for comfortable everyday living. The kitchen is the heart of the home, complete with a large center island that provides additional prep space, seating, and storage--perfect for gatherings and daily convenience. Step outside and take advantage of everything this property has to offer. A detached garage provides ample room for parking, hobbies, or workshop space, while the additional storage shed offers even more flexibility for tools, equipment, or outdoor essentials. With so much open space, there's plenty of room for gardening, recreation, or future improvements. Whether you're looking for a private homestead, weekend retreat, or affordable home with land, this property delivers the tranquility and freedom you've been searching for while still offering the comforts of home.

20. 2025-12-11
    soldstatus $92,000
21. 2007-01-26
    soldstatus $90,000
22. 2005-12-21
    soldstatus $65,000
23. 2005-04-25
    soldstatus $45,000
24. 1986-01-01
    soldstatus $63,000

ⓘ 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: $837 · $70/mo
• Projected year-2 tax: $1,824 · $152/mo
• Expected delta: +$987/yr (+$82/mo · 118.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 8/10 Severe FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 6/10 Major
• 🌡 Heat 9/10 Extreme 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 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,949
• − Mortgage interest: −$12,312
• − Property taxes: −$837
• − Insurance: −$1,896
• − Repairs & maintenance: −$1,676
• − Management: −$1,676
• − Depreciation: −$6,394
• Taxable loss: −$3,843
• Est. tax savings @ 24.0%: +$922
• After-tax cash flow: $906/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: Flagler
• NCES district ID: 1200540
• Math proficiency: 53% ▼ -9.00%
• Reading proficiency: 56% ▼ -4.00%
• Median HH income: $48,354
• Composite: 46.35/100
• National rank: #2464
• State rank: #20 of 73 in FL

Livability — Bunnell

• Score: 71/100
• State rank: #378
• US rank: #6714

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 9,877

Population outlook (Flagler County) Hauer SSP2

• Today (2025): 123,474 people
• By 2030: 131,864 · +6.8%
• By 2040: 146,176 · +18.4%
• By 2050: 157,398 · +27.5%
• By 2075: 177,990 · +44.2%
• By 2100: 183,381 · +48.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (81%)
• Race & ethnicity: White 81% Black 11% Two or more races 6% Hispanic / Latino 3%
• Common ancestry: Romanian 6% Lithuanian 2% Slovak 2%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 2%

Political lean MEDSL · Flagler

• 2024 margin: Strong R (+28.2) · D 35.6% · R 63.8%
• 2008→2024 swing: -29.8pp toward R · 2008: 1.6pp · 2024: -28.2pp
• All cycles: 2024: R+28.2 2020: R+20.8 2016: R+20.6 2012: R+7.4 2008: D+1.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -78.28%
• Current HPI: 271.446
• 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

+249.0% since first listed

7 events — show timeline

• 2026-05-28 Listed $219,900 Stellar MLS as Distributed by MLS Grid
• 2026-05-27 Listed $219,900 realMLS
• 2025-12-11 Sold (Public Records) $92,000 Public Records
• 2007-01-26 Sold (Public Records) $90,000 Public Records
• 2005-12-21 Sold (Public Records) $65,000 Public Records
• 2005-04-25 Sold (Public Records) $45,000 Public Records
• 1986-01-01 Sold (Public Records) $63,000 Public Records

Property tax history

+4.4%/yr

Latest (2025): $837 · +2.9% YoY. Source: county tax records.