1115 Ricks St · Bell, FL 32619

$248,900

3 bd · 2.0 ba · 1,362 sqft · SingleFamily · 93 Days on market

Built 2025 Good condition 10,018 sqft lot $183/sqft · at area comps Est $251k · at est. ↓ 2% since listing

---

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 +12.6/30.0
• Appreciation +10.0/10.0
• ARV discount +7.9/15.0
• Schools +5.3/10.0
• Condition / age +4.0/5.0
• DSCR +3.8/10.0
• 1% rule +3.6/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0

Listing remarks MLS

One or more photo(s) has been virtually staged. Welcome to this beautiful quality 3 bedroom, 2 bathroom new construction home located in the heart of Bell, in the quiet and desirable community of Oak Walk. Thoughtfully designed, this home combines modern finishes with everyday functionality. Step inside to find luxury vinyl plank flooring throughout and a spacious open-concept layout. The kitchen is a showpiece, featuring a large island, custom cabinetry, sleek granite countertops, and stainless steel appliances. The vaulted ceiling in the main living room enhances the open, airy feel—perfect for family gatherings and entertaining. The owner’s suite is a retreat, complete with a tray ceiling, a large walk-in closet, and a lovely en-suite bath featuring dual sinks with granite counters and a spacious walk-in swan stone shower. Two additional spacious bedrooms , making it ideal for family or guests. Additional highlights include: Large laundry room with extra storage and instant hot water heater. Hardi-plank siding and a durable metal roof for long-lasting quality. Quaint front porch and a spacious large concrete driveway. Situated in Gilchrist County, you’ll enjoy lower taxes, an excellent school system, and abundant outdoor activities—whether it’s exploring the nearby rivers, springs, or enjoying the small-town charm of Bell. This is your chance to own a brand-new home in a community that offers both peace and convenience. Qualifies for 100% USDA financing .

Key facts

• Custom cabinetry
• Large island
• Granite countertops

Tags

• NEW CONSTRUCTION HOME
• LUXURY VINYL PLANK FLOORING
• OPEN-CONCEPT LAYOUT
• LARGE ISLAND
• CUSTOM CABINETRY
• GRANITE COUNTERTOPS

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $249k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-31 ($-372/yr) — negative.
• To cash-flow at today's rent, offer at most $244k (1.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $214k (14.1% below list).
• Recommended offer: $214k (14.1% below list) — sets the bar for 1% rule.
• Cap rate 6.1% vs local median 4.8% in Bell — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 62/100 on livability (#767 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: crime D, health & safety D, amenities 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: 112 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 94 units permitted in Gilchrist County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $27k of equity ($2k loan paydown + $25k 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.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $70k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$43k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 93 days — a 9% lower offer ($226k) is reasonable based on typical stale-listing flexibility.
• 3 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.

Recommended offer $213,805 (14.1% 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 93 days. Have you received any prior offers? Is the seller open to a 14% 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. 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?
6. 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.
7. 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.
8. 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: 0.86% ✗
• Cap rate: 6.14%
• Cash-on-cash: -0.53%
• DSCR: 0.98
• GRM: 9.7

CMA / ARV

• ARV (median comp): $251,157
• List price: $248,900
• Delta: -0.90%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1195 Ricks St	0.01mi	3/2.0	1,362 (0%)	15mo	$263,900	$194	87
3629 Durden Ave	0.12mi	3/2.0	1,394 (+2%)	8mo	$290,000	$208	84
1071 Oliver St	0.03mi	3/2.0	1,362 (0%)	20mo	$264,900	$194	82
3645 Frederick Ave	0.15mi	3/2.0	1,347 (-1%)	12mo	$288,000	$214	82
3649 Durden Ave	0.13mi	3/2.0	1,362 (0%)	23mo	$256,000	$188	75
3693 Durden Ave	0.18mi	3/2.0	1,362 (0%)	23mo	$255,000	$187	73
3630 W Strickland Ave	0.20mi	3/2.0	1,536 (+13%)	0mo	$250,000	$163	69
1150 NW Palmetto St	0.15mi	3/2.0	1,550 (+14%)	3mo	$287,000	$185	67
1129 Kushmer St	0.53mi	2/2.0 (-1)	1,496 (+10%)	12mo	$260,000	$174	44

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

9.98% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 23.9%
• Equity multiple: 2.91×
• Total profit: $133,199
• Equity at exit: $223,788

10-year hold

• IRR: 21.2%
• Equity multiple: 6.65×
• Total profit: $393,754
• Equity at exit: $482,139

Cash invested: $69,692 (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 32619

• Home prices YoY: 2.5%
• Active inventory: 112
• Price-to-rent: 9.7×

Monthly cashflow live

• Estimated rent: $2,138 medium
• Mortgage (P&I): −$1,305
• Tax est. 1.5%: −$311 /mo · $3,734/yr
• Insurance: −$104
• HOA: −$0
• Vacancy / Maint / Mgmt: −$449
• Net cashflow: $-31

Break-even live

Break-even rent $2,177

Max offer price $244,410

Occupancy floor 96%

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: $62,225
• Closing costs: $7,467
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1901 N Roberts Trl Bell, FL	3.0	2.0	1777	$2,300	$1.29	21d	1	0.80mi
1925 N Roberts Trl Bell, FL	3.0	2.0	1478	$2,000	$1.35	21d	1	0.82mi

Listing history 19 events

1. 2026-06-18
   days on market $248,900 Active 93 DOM
2. 2026-06-17
   days on market $248,900 Active 92 DOM
3. 2026-06-16
   days on market $248,900 Active 91 DOM
4. 2026-06-15
   days on market $248,900 Active 90 DOM
5. 2026-06-14
   days on market $248,900 Active 88 DOM
6. 2026-06-13
   days on market $248,900 Active 87 DOM
7. 2026-06-10
   days on market $248,900 Active 85 DOM
8. 2026-06-09
   days on market $248,900 Active 84 DOM
9. 2026-06-08
   days on market $248,900 Active 83 DOM
10. 2026-06-07
    days on market $248,900 Active 82 DOM
11. 2026-06-05
    days on market $248,900 Active 79 DOM
12. 2026-06-02
    days on market $248,900 Active 77 DOM
13. 2026-06-01
    days on market $248,900 Active 76 DOM
14. 2026-05-31
    days on market $248,900 Active 75 DOM
15. 2026-05-30
    days on market $248,900 Active 74 DOM
16. 2026-04-14
    status Active 1512-char remark

    Show marketing remark (1512 chars)

    One or more photo(s) has been virtually staged. Welcome to this beautiful quality 3 bedroom, 2 bathroom new construction home located in the heart of Bell, in the quiet and desirable community of Oak Walk. Thoughtfully designed, this home combines modern finishes with everyday functionality. Step inside to find luxury vinyl plank flooring throughout and a spacious open-concept layout. The kitchen is a showpiece, featuring a large island, custom cabinetry, sleek granite countertops, and stainless steel appliances. The vaulted ceiling in the main living room enhances the open, airy feel—perfect for family gatherings and entertaining. The owner’s suite is a retreat, complete with a tray ceiling, a large walk-in closet, and a lovely en-suite bath featuring dual sinks with granite counters and a spacious walk-in swan stone shower. Two additional spacious bedrooms , making it ideal for family or guests. Additional highlights include: Large laundry room with extra storage and instant hot water heater. Hardi-plank siding and a durable metal roof for long-lasting quality. Quaint front porch and a spacious large concrete driveway. Situated in Gilchrist County, you’ll enjoy lower taxes, an excellent school system, and abundant outdoor activities—whether it’s exploring the nearby rivers, springs, or enjoying the small-town charm of Bell. This is your chance to own a brand-new home in a community that offers both peace and convenience. Qualifies for 100% USDA financing .

17. 2026-03-28
    status Pending 1512-char remark

    Show marketing remark (1512 chars)

    One or more photo(s) has been virtually staged. Welcome to this beautiful quality 3 bedroom, 2 bathroom new construction home located in the heart of Bell, in the quiet and desirable community of Oak Walk. Thoughtfully designed, this home combines modern finishes with everyday functionality. Step inside to find luxury vinyl plank flooring throughout and a spacious open-concept layout. The kitchen is a showpiece, featuring a large island, custom cabinetry, sleek granite countertops, and stainless steel appliances. The vaulted ceiling in the main living room enhances the open, airy feel—perfect for family gatherings and entertaining. The owner’s suite is a retreat, complete with a tray ceiling, a large walk-in closet, and a lovely en-suite bath featuring dual sinks with granite counters and a spacious walk-in swan stone shower. Two additional spacious bedrooms , making it ideal for family or guests. Additional highlights include: Large laundry room with extra storage and instant hot water heater. Hardi-plank siding and a durable metal roof for long-lasting quality. Quaint front porch and a spacious large concrete driveway. Situated in Gilchrist County, you’ll enjoy lower taxes, an excellent school system, and abundant outdoor activities—whether it’s exploring the nearby rivers, springs, or enjoying the small-town charm of Bell. This is your chance to own a brand-new home in a community that offers both peace and convenience. Qualifies for 100% USDA financing .

18. 2026-03-01
    listed $248,900 Active 1512-char remark

    Show marketing remark (1512 chars)

    One or more photo(s) has been virtually staged. Welcome to this beautiful quality 3 bedroom, 2 bathroom new construction home located in the heart of Bell, in the quiet and desirable community of Oak Walk. Thoughtfully designed, this home combines modern finishes with everyday functionality. Step inside to find luxury vinyl plank flooring throughout and a spacious open-concept layout. The kitchen is a showpiece, featuring a large island, custom cabinetry, sleek granite countertops, and stainless steel appliances. The vaulted ceiling in the main living room enhances the open, airy feel—perfect for family gatherings and entertaining. The owner’s suite is a retreat, complete with a tray ceiling, a large walk-in closet, and a lovely en-suite bath featuring dual sinks with granite counters and a spacious walk-in swan stone shower. Two additional spacious bedrooms , making it ideal for family or guests. Additional highlights include: Large laundry room with extra storage and instant hot water heater. Hardi-plank siding and a durable metal roof for long-lasting quality. Quaint front porch and a spacious large concrete driveway. Situated in Gilchrist County, you’ll enjoy lower taxes, an excellent school system, and abundant outdoor activities—whether it’s exploring the nearby rivers, springs, or enjoying the small-town charm of Bell. This is your chance to own a brand-new home in a community that offers both peace and convenience. Qualifies for 100% USDA financing .

19. 2025-08-29
    listed $255,000 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $25,657
• − Mortgage interest: −$13,942
• − Property taxes: −$3,734
• − Insurance: −$1,244
• − Repairs & maintenance: −$2,053
• − Management: −$2,053
• − Depreciation: −$7,241
• Taxable loss: −$4,609
• Est. tax savings @ 24.0%: +$1,106
• After-tax cash flow: $734/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.

Condition & rehab AI · 12 photos

Good 80/100 None rehab

This beautiful new construction home in Bell, Florida, is move-in ready with good condition and modern finishes. It offers a spacious open-concept layout, luxury vinyl plank flooring, and a well-designed kitchen and bathrooms. The home is in a quiet and desirable community, making it an excellent investment opportunity.

Value-add opportunities

• Both Landscaping and curb appeal — Enhances curb appeal and can attract more buyers
• Both Add a small front porch — Can increase both resale and rental value by providing a welcoming entry
• Both Install smart home features — Can increase both resale and rental value by adding modern conveniences

Renovation cost estimate screening

Value-add ROI direction

• Both Landscaping and curb appeal — Enhances curb appeal and can attract more buyers ↑
• Both Add a small front porch — Can increase both resale and rental value by providing a welcoming entry ↑
• Both Install smart home features — Can increase both resale and rental value by adding modern conveniences ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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 — Bell

• Score: 62/100
• State rank: #767
• US rank: #17229

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bell, FL
• City population: 5,227
• Population (ZIP): 5,227

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 (90%)
• Race & ethnicity: White 90% Hispanic / Latino 7% Two or more races 4%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Lithuanian 9% Romanian 3% Scotch-Irish 2%
• Foreign-born: 7% · Canada
• Languages at home: 93% English-only · Spanish 4% German/W. Germanic 2% Tagalog/Filipino 1%

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: ▲ 9.98%
• Current HPI: 404.4164
• 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

-2.4% since first listed

4 events — show timeline

• 2026-04-14 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-03-28 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-03-01 Listed $248,900 Stellar MLS as Distributed by MLS Grid
• 2025-08-29 Listed $255,000 DGLMLS