1056 Peach St · Bunnell, FL 32110

$145,000

3 bd · 3.0 ba · 1,868 sqft · Manufactured public records · 97 Days on market

Built 1985 1.14 ac lot Est $213k · 32% under

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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 +26.5/30.0
• ARV discount +15.0/15.0
• DSCR +9.0/10.0
• 1% rule +7.9/10.0
• Schools +4.6/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Bring your vision to this spacious property on a beautiful cleared lot in Bunnell! This home offers plenty of room to renovate and customize to your taste, with flexible living areas that could allow for in-law or multi-generational arrangements. A detached 2-car garage provides extra storage or workshop potential, and the large lot offers ample outdoor space for recreation, gardening, or future improvements. With some updates, this property could become a fantastic homestead or investment opportunity. HUD Owned, Equal Housing Opportunity, CASE# 091-674485

Key facts

• Ample outdoor space
• 1.14 acre lot
• 2 garage spots

Tags

• DETACHED 2-CAR GARAGE
• FLEXIBLE LIVING AREAS
• AMPLE OUTDOOR SPACE

What this means for you Summary

Snapshot

• This is a 3-bed/3.0-bath manufactured listed at $145k.

Deal economics

• At list price, monthly cash flow is $382 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $145k).
• Recommended offer: $132k (9.0% below list) — sets the bar for market timing.
• Cap rate 9.5% 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); Flagler-Palm Coast High School (math 36% / reading 51%, grade F, #248 of 667 statewide, top 38%, 2,523 students, 52% FRL).
• Market conditions: 277 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 $1k of loan paydown is wiped out by about $4k 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $41k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 97 days — a 9% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 10y ago; this cycle's ask has dropped $15k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: 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 $131,950 (9.0% below list)

Questions for the listing agent

1. It's been on market 97 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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.
5. 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.
6. 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: 1.29% ✓
• Cap rate: 9.45%
• Cash-on-cash: 11.29%
• DSCR: 1.50
• GRM: 6.5

CMA / ARV

• ARV (on-the-fly): $212,952
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1391 Beech Blvd	0.41mi	4/2.0 (+1)	1,813 (-3%)	4mo	$245,500	$135	64
5636 Cherry Ln	0.46mi	4/2.0 (+1)	1,782 (-5%)	9mo	$155,000	$87	54
1103 Rosewood St	0.64mi	4/2.0 (+1)	1,800 (-4%)	11mo	$267,900	$149	46
1101 Hazelnut St	0.51mi	4/2.0 (+1)	1,620 (-13%)	3mo	$100,000	$62	43
1590 Candleberry St	0.58mi	3/2.0	1,620 (-13%)	14mo	$185,000	$114	35

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: 0.6%
• Equity multiple: 1.02×
• Total profit: $911
• Equity at exit: $21,620

10-year hold

• IRR: 10.3%
• Equity multiple: 1.80×
• Total profit: $32,454
• Equity at exit: $12,537

Cash invested: $40,600 (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: 277
• Price-to-rent: 6.5×

Monthly cashflow live

• Estimated rent: $1,866 medium
• Mortgage (P&I): −$760
• Tax from tax record: −$271 /mo · $3,256/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$392
• Net cashflow: $382

Break-even live

Break-even rent $1,382

Max offer price $145,000

Occupancy floor 75%

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: $36,250
• Closing costs: $4,350
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-03-30
   status Pending
2. 2026-03-25
   price $145,000
3. 2026-03-24
   status Active
4. 2026-03-23
   historical
5. 2026-03-20
   status Active
6. 2026-01-03
   status Pending
7. 2025-12-29
   listed $160,000 Active
8. 2025-12-23
   historical
9. 2025-11-25
   price $160,000
10. 2025-09-23
    listed $185,000 Active
11. 2025-08-11
    historical
12. 2024-08-26
    price $171,000
13. 2024-05-23
    listed $121,260 Active
14. 2019-07-26
    soldstatus $167,000
15. 2019-07-16
    soldstatus $167,000
16. 2019-03-21
    listed $163,900
17. 2016-12-21
    soldstatus $60,000
18. 2016-12-14
    soldstatus $60,000
19. 2016-10-05
    listed $69,900

ⓘ 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: $3,256 · $271/mo
• Projected year-2 tax: $3,256 · $271/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 7/10 Severe
• 🌡 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: $22,391
• − Mortgage interest: −$8,122
• − Property taxes: −$3,256
• − Insurance: −$725
• − Repairs & maintenance: −$1,791
• − Management: −$1,791
• − Depreciation: −$4,218
• Taxable income: $2,487
• Est. tax owed @ 24.0%: −$597
• After-tax cash flow: $3,986/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

+107.4% since first listed

19 events — show timeline

• 2026-03-30 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-03-25 Price Changed $145,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-24 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-03-23 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2026-03-20 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-01-03 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-12-29 Listed $160,000 Stellar MLS as Distributed by MLS Grid
• 2025-12-23 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-11-25 Price Changed $160,000 Stellar MLS as Distributed by MLS Grid
• 2025-09-23 Listed $185,000 Stellar MLS as Distributed by MLS Grid
• 2025-08-11 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2024-08-26 Price Changed $171,000 Stellar MLS as Distributed by MLS Grid
• 2024-05-23 Listed $121,260 Stellar MLS as Distributed by MLS Grid
• 2019-07-26 Sold (Public Records) $167,000 Public Records
• 2019-07-16 Sold (MLS) $167,000 Stellar MLS as Distributed by MLS Grid
• 2019-03-21 Listed $163,900 Stellar MLS as Distributed by MLS Grid
• 2016-12-21 Sold (Public Records) $60,000 Public Records
• 2016-12-14 Sold (MLS) $60,000 Stellar MLS as Distributed by MLS Grid
• 2016-10-05 Listed $69,900 Stellar MLS as Distributed by MLS Grid

Property tax history

+13.2%/yr

Latest (2025): $3,256 · +1.3% YoY. Source: county tax records.