1233 SW 4th Ave · Trenton, FL 32693

$225,000

3 bd · 2.0 ba · 1,040 sqft · SingleFamily public records · 187 Days on market

Built 2005 0.34 ac lot Est $223k · 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 +11.0/30.0
• Appreciation +10.0/10.0
• ARV discount +7.0/15.0
• Schools +5.3/10.0
• Livability +3.9/5.0
• DSCR +3.2/10.0
• 1% rule +2.5/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Great location! NEW SHINGLE ROOF INSTALLED 5/2023. This 3 bed 2 bath home is located in the heart of Trenton. Tons of potential to make this yours, perfect for a starter home. Call to set up a tour.

Key facts

• Spacious front yard
• Large backyard
• Cozy front porch

Tags

• COZY FRONT PORCH
• NEW VINYL PLANK FLOORING
• NEWLY REMODELED BATHROOMS
• SPACIOUS FRONT YARD
• LARGE BACKYARD

Property features AI

Finance

• Other: Lot size approximately 0.34 acre (1/4 to less than 1/2 acre)
• Financial info: No lease restrictions; Tax information not included per instructions
• HOA & community: No HOA/association

Exterior

• Parking: Parking details not provided
• Utilities: Public water; Septic tank sewer; Electricity connected; Water connected
• Home design: Single family residence; Residential property; One story; Faces south; Homestead exempt
• Construction: Shingle roof; Slab foundation; Built with typical residential construction (year not provided)
• Exterior features: Other exterior features; Paved road access

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator; Electric water heater
• Bedrooms: 3 bedrooms
• Flooring: Vinyl flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Living room/dining room combo
• Laundry & utility: Laundry in kitchen; Laundry closet

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $225k.

Deal economics

• At list price, monthly cash flow is $-95 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $208k (7.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $170k (24.5% below list).
• Recommended offer: $170k (24.5% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 77/100 on livability (#207 in FL, #3,078 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F, employment 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.
• Zoned schools: Trenton Elementary School (math 71% / reading 59%, grade B+, #514 of 2,144 statewide, top 24%, 809 students, 58% FRL); Trenton High School (math 71% / reading 63%, grade B, #69 of 667 statewide, top 11%, 715 students, 48% FRL) — zoned schools at 53% FRL track the district average.
• 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 $24k of equity ($2k loan paydown + $22k 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 ~$39k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 187 days — a 12% lower offer ($198k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 3y ago 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 $185k; 22% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 6→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $169,795 (24.5% 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 187 days. Have you received any prior offers? Is the seller open to a 25% 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. 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.
8. 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.
9. 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: 0.75% ✗
• Cap rate: 5.79%
• Cash-on-cash: -1.81%
• DSCR: 0.92
• GRM: 11.0

CMA / ARV

• ARV (on-the-fly): $222,560
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1233 SW 4th Ave	0.00mi	3/2.0	1,040 (0%)	1mo	$220,000	$212	100
1800 SW 19th Cir	0.54mi	2/2.0 (-1)	1,040 (0%)	3mo	$249,000	$239	67
872 SW 2nd Ave	0.26mi	3/2.0	1,137 (+9%)	7mo	$235,000	$207	66
1125 SW Ninth Ave	0.21mi	2/2.0 (-1)	960 (-8%)	18mo	$260,000	$271	58
418 SW Fifth Ave	0.53mi	3/1.0	960 (-8%)	4mo	$205,000	$214	55

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: 23.0%
• Equity multiple: 2.85×
• Total profit: $116,431
• Equity at exit: $202,698

10-year hold

• IRR: 20.5%
• Equity multiple: 6.52×
• Total profit: $347,545
• Equity at exit: $437,126

Cash invested: $63,000 (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: $1,698 medium
• Mortgage (P&I): −$1,180
• Tax from tax record: −$163 /mo · $1,955/yr
• Insurance: −$94
• HOA: −$0
• Vacancy / Maint / Mgmt: −$357
• Net cashflow: $-95

Break-even live

Break-even rent $1,818

Max offer price $208,184

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: $56,250
• Closing costs: $6,750
• Reserves months: —
• Total cash needed: —

Listing history 9 events

1. 2026-05-06
   status Pending
2. 2026-03-30
   price $225,000
3. 2026-02-05
   price $230,000
4. 2025-10-31
   listed $235,000 Active
5. 2023-06-23
   soldstatus $185,000 Closed 198-char remark

   Show marketing remark (198 chars)

   Great location! NEW SHINGLE ROOF INSTALLED 5/2023. This 3 bed 2 bath home is located in the heart of Trenton. Tons of potential to make this yours, perfect for a starter home. Call to set up a tour.

6. 2023-05-12
   status Pending 198-char remark

   Show marketing remark (198 chars)

   Great location! NEW SHINGLE ROOF INSTALLED 5/2023. This 3 bed 2 bath home is located in the heart of Trenton. Tons of potential to make this yours, perfect for a starter home. Call to set up a tour.

7. 2023-03-30
   status Active 198-char remark

   Show marketing remark (198 chars)

   Great location! NEW SHINGLE ROOF INSTALLED 5/2023. This 3 bed 2 bath home is located in the heart of Trenton. Tons of potential to make this yours, perfect for a starter home. Call to set up a tour.

8. 2023-03-14
   status Pending 198-char remark

   Show marketing remark (198 chars)

   Great location! NEW SHINGLE ROOF INSTALLED 5/2023. This 3 bed 2 bath home is located in the heart of Trenton. Tons of potential to make this yours, perfect for a starter home. Call to set up a tour.

9. 2023-01-22
   listed $195,000 Active 198-char remark

   Show marketing remark (198 chars)

   Great location! NEW SHINGLE ROOF INSTALLED 5/2023. This 3 bed 2 bath home is located in the heart of Trenton. Tons of potential to make this yours, perfect for a starter home. Call to set up a tour.

ⓘ 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: $1,955 · $163/mo
• Projected year-2 tax: $1,955 · $163/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 6/10 Major FEMA zone X (unshaded) · 72% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 8/10 Severe 6 d/yr ≥108°F today · 19 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,375
• − Mortgage interest: −$12,603
• − Property taxes: −$1,955
• − Insurance: −$1,125
• − Repairs & maintenance: −$1,630
• − Management: −$1,630
• − Depreciation: −$6,545
• Taxable loss: −$5,113
• Est. tax savings @ 24.0%: +$1,227
• After-tax cash flow: $85/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 — Trenton

• Score: 77/100
• State rank: #207
• US rank: #3078

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Trenton, FL
• 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

+15.4% since first listed

9 events — show timeline

• 2026-05-06 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-03-30 Price Changed $225,000 Stellar MLS as Distributed by MLS Grid
• 2026-02-05 Price Changed $230,000 Stellar MLS as Distributed by MLS Grid
• 2025-10-31 Listed $235,000 Stellar MLS as Distributed by MLS Grid
• 2023-06-23 Sold (MLS) $185,000 DGLMLS
• 2023-05-12 Pending — DGLMLS
• 2023-03-30 Relisted — DGLMLS
• 2023-03-14 Pending — DGLMLS
• 2023-01-22 Listed $195,000 DGLMLS

Property tax history

+10.8%/yr

Latest (2025): $1,955 · -5.8% YoY. Source: county tax records.