1915 Bronson St · Palatka, FL 32177

$164,700

3 bd · 1.0 ba · 1,325 sqft · SingleFamily public records · 196 Days on market

Built 1979 7,405 sqft lot Est $213k · 23% under

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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 +15.8/30.0
• ARV discount +15.0/15.0
• DSCR +4.9/10.0
• 1% rule +4.5/10.0
• Rent growth +3.1/5.0
• Schools +3.0/10.0
• Livability +2.9/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Spacious home on corner lot with large double carport. Concrete block construction with metal roof for lower maintenance. Eat in kitchen has large open area with room for small island. Located minutes from shopping, restaurants and area parks. Palatka is located on the St.Johns River with plenty of access points for great fishing and recreation.

Key facts

• Open dining space
• New flooring
• Updated interior

Tags

• UPDATED INTERIOR
• NEW FLOORING
• OPEN DINING SPACE
• WELL-APPOINTED KITCHEN
• GENEROUS BACKYARD

Property features AI

Finance

• Other: Property type: Residential (single family); Zoning: R-3; Unfurnished; Living area about 1,325 sq ft; Lot surface: Asphalt/Concrete paved road

Exterior

• Parking: Carport with 2 spaces
• Utilities: Public water; Public sewer; Electricity connected
• Home design: Single-family residence; One story; Northeast facing
• Construction: Block and concrete construction; Metal roof; Slab foundation; Built on a 0.17-acre (approx. 50 x 150) lot
• Exterior features: Outdoor storage; Chain link fencing

Interior

• Kitchen: Microwave; Range; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Laminate flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans
• Laundry & utility: Dedicated laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $165k.

Deal economics

• At list price, monthly cash flow is $75 ($903/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $157k (4.8% below list).
• Recommended offer: $145k (12.0% below list) — sets the bar for market timing.
• Cap rate 6.8% vs local median 3.8% in Palatka — 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 58/100 on livability (#839 in FL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing B+; Watch: schools C-, health & safety C-, crime D.
• Putnam (town): math 34% / reading 39% proficiency, ranked #66 of 73 in FL (top 90%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 71% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+2.2%/yr); 319 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 113 units permitted in Putnam County in 2024 (0 in 5+ unit buildings).
• This rent runs 39% of the median local income ($48k/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 $5k of value loss. Plan a longer hold.
• Putnam County population projected at -31% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 196 days — a 12% lower offer ($145k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts; this cycle's ask has dropped $15k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $90k; list at $165k implies a 83% 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; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $144,936 (12.0% below list)

Questions for the listing agent

1. It's been on market 196 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1979 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 0.95% ✗
• Cap rate: 6.84%
• Cash-on-cash: 1.96%
• DSCR: 1.09
• GRM: 8.8

CMA / ARV

• ARV (on-the-fly): $213,325
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2205 Gillis St	0.54mi	3/2.0	1,338 (+1%)	1mo	$215,000	$161	69
1906 Gillis St	0.46mi	3/2.0	1,329 (+0%)	8mo	$245,750	$185	68
135 W Forest Park Dr	0.33mi	3/2.0	1,420 (+7%)	4mo	$92,000	$65	66
122 Husson Ave	0.57mi	3/1.0	1,352 (+2%)	6mo	$160,000	$118	66
2008 Carr St	0.60mi	3/2.0	1,323 (-0%)	4mo	$230,000	$174	65
1404 Diana Dr	0.69mi	3/2.0	1,308 (-1%)	0mo	$255,000	$195	61
2119 Oak St	0.46mi	3/2.0	1,425 (+8%)	4mo	$42,500	$30	58
510 S 19th St	0.69mi	3/2.0	1,334 (+1%)	5mo	$250,000	$187	58
103 Williams St	0.63mi	4/2.0 (+1)	1,299 (-2%)	2mo	$89,000	$69	56
504 Moseley Ave	0.64mi	2/1.0 (-1)	1,295 (-2%)	7mo	$85,000	$66	56
2209 Gillis	0.54mi	3/2.0	1,232 (-7%)	7mo	$205,000	$166	53
111 Cedar Ave	0.49mi	2/1.0 (-1)	1,130 (-15%)	1mo	$25,000	$22	47

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 · 2.23% rent growth · sell at horizon

5-year hold

• IRR: -14.0%
• Equity multiple: 0.50×
• Total profit: $-23,061
• Equity at exit: $24,557

10-year hold

• IRR: -6.5%
• Equity multiple: 0.60×
• Total profit: $-18,621
• Equity at exit: $14,240

Cash invested: $46,116 (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 32177

• Home prices YoY: -28.1%
• Rents YoY: 2.2%
• Active inventory: 319
• Price-to-rent: 8.8×

Monthly cashflow live

• Estimated rent: $1,568 high
• Mortgage (P&I): −$864
• Tax from tax record: −$231 /mo · $2,775/yr
• Insurance: −$69
• HOA: −$0
• Vacancy / Maint / Mgmt: −$329
• Net cashflow: $75

Break-even live

Break-even rent $1,473

Max offer price $164,700

Occupancy floor 90%

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: $41,175
• Closing costs: $4,941
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1510 Laurel St Palatka, FL	3.0	1.0	1080	$1,659	$1.54	4d	1	0.54mi
716 Bronson St Palatka, FL	3.0	1.0	900	$1,175	$1.31	24d	1	0.83mi
509 Bronson St Palatka, FL	4.0	2.0	1260	$1,725	$1.37	4d	1	0.99mi
2113 Silver Lake Dr Palatka, FL	2.0	1.0	988	$1,500	$1.52	24d	1	1.22mi
105 N 2nd St Palatka, FL	2.0	2.0	924	$1,650	$1.79	24d	1	1.27mi
1510 Cleveland Ave Palatka, FL	2.0	1.0	916	$1,350	$1.47	24d	1	1.39mi
1511 S Palm Ave Unit 4 Palatka, FL	3.0	1.0	1224	$1,250	$1.02	24d	1	1.43mi

Listing history 27 events

1. 2026-06-18
   days on market $164,700 Active 196 DOM
2. 2026-06-17
   days on market $164,700 Active 195 DOM
3. 2026-06-16
   days on market $164,700 Active 194 DOM
4. 2026-06-15
   days on market $164,700 Active 193 DOM
5. 2026-06-13
   days on market $164,700 Active 191 DOM
6. 2026-06-10
   days on market $164,700 Active 187 DOM
7. 2026-06-08
   days on market $164,700 Active 186 DOM
8. 2026-06-07
   days on market $164,700 Active 185 DOM
9. 2026-06-05
   status $164,700 Active 182 DOM
10. 2026-05-22
    status Pending
11. 2026-05-05
    price $164,700
12. 2026-04-21
    status Active
13. 2026-04-20
    historical
14. 2026-03-29
    price $169,700
15. 2026-02-19
    price $174,700
16. 2026-01-06
    price $179,700
17. 2025-11-20
    listed $179,800 Active
18. 2025-06-23
    soldstatus $90,000
19. 2025-06-20
    soldstatus $90,000 Closed 349-char remark

    Show marketing remark (349 chars)

    Spacious home on corner lot with large double carport. Concrete block construction with metal roof for lower maintenance. Eat in kitchen has large open area with room for small island. Located minutes from shopping, restaurants and area parks. Palatka is located on the St.Johns River with plenty of access points for great fishing and recreation.

20. 2025-06-04
    status Pending 349-char remark

    Show marketing remark (349 chars)

    Spacious home on corner lot with large double carport. Concrete block construction with metal roof for lower maintenance. Eat in kitchen has large open area with room for small island. Located minutes from shopping, restaurants and area parks. Palatka is located on the St.Johns River with plenty of access points for great fishing and recreation.

21. 2025-05-27
    historical Active Under Contract 349-char remark

    Show marketing remark (349 chars)

    Spacious home on corner lot with large double carport. Concrete block construction with metal roof for lower maintenance. Eat in kitchen has large open area with room for small island. Located minutes from shopping, restaurants and area parks. Palatka is located on the St.Johns River with plenty of access points for great fishing and recreation.

22. 2025-05-07
    price $99,900 349-char remark

    Show marketing remark (349 chars)

    Spacious home on corner lot with large double carport. Concrete block construction with metal roof for lower maintenance. Eat in kitchen has large open area with room for small island. Located minutes from shopping, restaurants and area parks. Palatka is located on the St.Johns River with plenty of access points for great fishing and recreation.

23. 2025-04-25
    price $109,900 349-char remark

    Show marketing remark (349 chars)

    Spacious home on corner lot with large double carport. Concrete block construction with metal roof for lower maintenance. Eat in kitchen has large open area with room for small island. Located minutes from shopping, restaurants and area parks. Palatka is located on the St.Johns River with plenty of access points for great fishing and recreation.

24. 2025-03-26
    status Active 349-char remark

    Show marketing remark (349 chars)

    Spacious home on corner lot with large double carport. Concrete block construction with metal roof for lower maintenance. Eat in kitchen has large open area with room for small island. Located minutes from shopping, restaurants and area parks. Palatka is located on the St.Johns River with plenty of access points for great fishing and recreation.

25. 2025-03-13
    status Pending 349-char remark

    Show marketing remark (349 chars)

    Spacious home on corner lot with large double carport. Concrete block construction with metal roof for lower maintenance. Eat in kitchen has large open area with room for small island. Located minutes from shopping, restaurants and area parks. Palatka is located on the St.Johns River with plenty of access points for great fishing and recreation.

26. 2025-01-28
    listed $119,900 Active 349-char remark

    Show marketing remark (349 chars)

    Spacious home on corner lot with large double carport. Concrete block construction with metal roof for lower maintenance. Eat in kitchen has large open area with room for small island. Located minutes from shopping, restaurants and area parks. Palatka is located on the St.Johns River with plenty of access points for great fishing and recreation.

27. 1979-12-01
    soldstatus $27,200

ⓘ 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: $2,775 · $231/mo
• Projected year-2 tax: $2,775 · $231/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 3/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥108°F today · 21 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: $18,818
• − Mortgage interest: −$9,226
• − Property taxes: −$2,775
• − Insurance: −$824
• − Repairs & maintenance: −$1,505
• − Management: −$1,505
• − Depreciation: −$4,791
• Taxable loss: −$1,809
• Est. tax savings @ 24.0%: +$434
• After-tax cash flow: $1,337/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: Putnam
• NCES district ID: 1201620
• Math proficiency: 34% ▼ -10.00%
• Reading proficiency: 39% ▼ -4.00%
• Median HH income: $33,350
• Composite: 29.99/100
• National rank: #6361
• State rank: #66 of 73 in FL

Livability — Palatka

• Score: 58/100
• State rank: #839
• US rank: #20793

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Palatka, FL
• County: Putnam County · 25,645 people
• City population: 25,645
• Metro: Palatka, FL
• Population (ZIP): 25,645
• Household income: $47,796
• Rent vs Own: 32.9% rent · 67.1% own
• Severe rent burden: 806.0

Population outlook (Putnam County) Hauer SSP2

• Today (2025): 65,299 people
• By 2030: 61,255 · -6.2%
• By 2040: 52,930 · -18.9%
• By 2050: 45,051 · -31.0%
• By 2075: 28,720 · -56.0%
• By 2100: 15,852 · -75.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (62%)
• Race & ethnicity: White 62% Black 28% Hispanic / Latino 7% Two or more races 5%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3% Cuban 2%
• Common ancestry: Lithuanian 2% Hispanic 1% Slovak 1%
• Foreign-born: 3% · Canada
• Languages at home: 94% English-only · Spanish 5% French/Haitian/Cajun 1%

Political lean MEDSL · Putnam

• 2024 margin: Solid R (+47.8) · D 25.8% · R 73.6%
• 2008→2024 swing: -28.5pp toward R · 2008: -19.3pp · 2024: -47.8pp
• All cycles: 2024: R+47.8 2020: R+41.2 2016: R+36.6 2012: R+24.5 2008: R+19.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -87.10%
• Current HPI: 223.1966
• Rent YoY: ▲ 2.23%
• Metro: Palatka, 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

+505.5% since first listed

18 events — show timeline

• 2026-05-22 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-05-05 Price Changed $164,700 Stellar MLS as Distributed by MLS Grid
• 2026-04-21 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-04-20 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2026-03-29 Price Changed $169,700 Stellar MLS as Distributed by MLS Grid
• 2026-02-19 Price Changed $174,700 Stellar MLS as Distributed by MLS Grid
• 2026-01-06 Price Changed $179,700 Stellar MLS as Distributed by MLS Grid
• 2025-11-20 Listed $179,800 Stellar MLS as Distributed by MLS Grid
• 2025-06-23 Sold (Public Records) $90,000 Public Records
• 2025-06-20 Sold (MLS) $90,000 realMLS
• 2025-06-04 Pending — realMLS
• 2025-05-27 Contingent — realMLS
• 2025-05-07 Price Changed $99,900 realMLS
• 2025-04-25 Price Changed $109,900 realMLS
• 2025-03-26 Relisted — realMLS
• 2025-03-13 Pending — realMLS
• 2025-01-28 Listed $119,900 realMLS
• 1979-12-01 Sold (Public Records) $27,200 Public Records

Property tax history

+12.4%/yr

Latest (2025): $2,775 · +2.8% YoY. Source: county tax records.