125 NW 40th Ave · Bell, FL 32619

$210,000

3 bd · 2.0 ba · 1,296 sqft · Manufactured public records · 15 Days on market

Built 1996 10 ac lot

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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 +21.2/30.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +6.7/10.0
• Schools +5.3/10.0
• 1% rule +4.7/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

WORKING 10-ACRE FARM in Bell, great central location within commuting distance to the big cities of Lake City & Gainesville. PRICE REDUCED AND SELLER WILL CONSIDER FINANCING WITH $50K DOWN. Spacious 3/2 doublewide mobile home features new 40x60 metal polebarn roofover which means super low electric bills, double-pane double-hung energy efficient windows, central heat/air, walk-in master closet, dual vanities with separate shower & tub in master bath, covered deck, 2-car carport & 3 separate outbuildings for storage/workshop. Beautiful green lush pasture is completely fenced & cross-fenced with numerous paddocks & barn to accommodate your livestock, 4-inch well & water has been run underground. Low Gilchrist County taxes. Don't miss this golden opportunity! Conventional/VA financing or cash, NO FHA.

Key facts

• Well house
• Fully fenced
• New flooring

Tags

• 10.1 ACRE LANDSCAPE
• NEW FLOORING
• UPDATED PRIMARY BATH PLUMBING
• FULLY FENCED
• 40X60 METAL POLE BARN
• WELL HOUSE

Property features AI

Finance

• Other: Approximately 10.1 acres (10 to less than 20); Cross-fenced, wire fencing; Customized wheelchair accessible; Limerock road access; One well and one septic on the property; Zoned AG (agricultural)

Exterior

• Parking: Carport (1 space)
• Utilities: Well water; Septic tank; Electricity connected
• Home design: Manufactured double-wide home; One story; Faces east
• Construction: Vinyl siding; Metal/other roof; Crawlspace foundation
• Exterior features: Private mailbox; Shed(s); Irrigation equipment

Interior

• Kitchen: Dishwasher; Range
• Bedrooms: 3 bedrooms
• Flooring: Carpet
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; Split-bedroom floor plan; Thermostat
• Laundry & utility: Indoor laundry

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $210k.

Deal economics

• At list price, monthly cash flow is $235 ($3k/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 $203k (3.3% below list).
• Recommended offer: $203k (3.3% below list) — sets the bar for 1% rule.

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.
• Zoned schools: Bell Elementary School (math 71% / reading 60%, grade B+, #500 of 2,144 statewide, top 24%, 661 students, 58% FRL); Bell High School (math 57% / reading 60%, grade C, #116 of 667 statewide, top 18%, 627 students, 48% FRL) — zoned schools at 53% FRL track the district average.
• Market conditions: 112 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 $22k of equity ($1k loan paydown + $21k 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 $59k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$36k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 15 days — a 2% lower offer ($207k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 10y ago; this cycle's ask has dropped $49k (19%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $138k; list at $210k implies a 52% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $202,979 (3.3% below list)

Questions for the listing agent

1. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
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: 0.97% ✗
• Cap rate: 8.02%
• Cash-on-cash: 6.16%
• DSCR: 1.27
• GRM: 8.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 27.7%
• Equity multiple: 3.19×
• Total profit: $128,993
• Equity at exit: $188,813

10-year hold

• IRR: 24.2%
• Equity multiple: 7.26×
• Total profit: $367,937
• Equity at exit: $406,787

Cash invested: $58,800 (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: 8.6×

Monthly cashflow live

• Estimated rent: $2,030 medium
• Mortgage (P&I): −$1,101
• Tax from tax record: −$113 /mo · $1,355/yr
• Insurance: −$88
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$426
• Net cashflow: $235

Break-even live

Break-even rent $1,732

Max offer price $210,000

Occupancy floor 83%

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: $52,500
• Closing costs: $6,300
• Reserves months: —
• Total cash needed: —

Listing history 12 events

1. 2026-06-07
   pricestatusdays on market $210,000 Pending 15 DOM
2. 2026-06-05
   days on market $259,000 Active 14 DOM
3. 2026-06-02
   days on market $259,000 Active 12 DOM
4. 2026-06-01
   days on market $259,000 Active 11 DOM
5. 2026-05-31
   days on market $259,000 Active 10 DOM
6. 2026-05-30
   days on market $259,000 Active 9 DOM
7. 2026-05-21
   listed $259,000 Active
8. 2021-02-18
   soldstatus $138,500 846-char remark

   Show marketing remark (846 chars)

   WORKING 10-ACRE FARM in Bell, great central location within commuting distance to the big cities of Lake City & Gainesville. PRICE REDUCED AND SELLER WILL CONSIDER FINANCING WITH $50K DOWN. Spacious 3/2 doublewide mobile home features new 40x60 metal polebarn roofover which means super low electric bills, double-pane double-hung energy efficient windows, central heat/air, walk-in master closet, dual vanities with separate shower & tub in master bath, covered deck, 2-car carport & 3 separate outbuildings for storage/workshop. Beautiful green lush pasture is completely fenced & cross-fenced with numerous paddocks & barn to accommodate your livestock, 4-inch well & water has been run underground. Low Gilchrist County taxes. Don't miss this golden opportunity! Conventional/VA financing or cash, NO FHA.

9. 2020-06-12
   listed $149,900 846-char remark

   Show marketing remark (846 chars)

   WORKING 10-ACRE FARM in Bell, great central location within commuting distance to the big cities of Lake City & Gainesville. PRICE REDUCED AND SELLER WILL CONSIDER FINANCING WITH $50K DOWN. Spacious 3/2 doublewide mobile home features new 40x60 metal polebarn roofover which means super low electric bills, double-pane double-hung energy efficient windows, central heat/air, walk-in master closet, dual vanities with separate shower & tub in master bath, covered deck, 2-car carport & 3 separate outbuildings for storage/workshop. Beautiful green lush pasture is completely fenced & cross-fenced with numerous paddocks & barn to accommodate your livestock, 4-inch well & water has been run underground. Low Gilchrist County taxes. Don't miss this golden opportunity! Conventional/VA financing or cash, NO FHA.

10. 2017-08-01
    soldstatus $65,000
11. 2017-07-28
    soldstatus $65,000 381-char remark

    Show marketing remark (381 chars)

    SERIOUS PRICE REDUCTION (From $99,900.00)--Lots of potential abound here, at this affordable 10-acres of rolling pasture, with 27x48 1996-yr. D/W Manufactured Home & improvements, located in quiet country setting about 2-miles West from Bell. Seller is VERY MOTIVATED to SELL--says for those interested to call/email today, for full property details & PRESENT OFFERS!!!

12. 2016-06-23
    listed $69,900 381-char remark

    Show marketing remark (381 chars)

    SERIOUS PRICE REDUCTION (From $99,900.00)--Lots of potential abound here, at this affordable 10-acres of rolling pasture, with 27x48 1996-yr. D/W Manufactured Home & improvements, located in quiet country setting about 2-miles West from Bell. Seller is VERY MOTIVATED to SELL--says for those interested to call/email today, for full property details & PRESENT OFFERS!!!

ⓘ 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: $1,355 · $113/mo
• Projected year-2 tax: $1,743 · $145/mo
• Expected delta: +$388/yr (+$32/mo · 28.6%)

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

Climate risk First Street

• 🌊 Flood 7/10 Severe FEMA zone X (unshaded) · 97% chance over 30 yrs
• 🔥 Wildfire 7/10 Severe
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°F today · 22 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,357
• − Mortgage interest: −$11,763
• − Property taxes: −$1,355
• − Insurance: −$1,847
• − Repairs & maintenance: −$1,949
• − Management: −$1,949
• − Depreciation: −$6,109
• Taxable loss: −$615
• Est. tax savings @ 24.0%: +$148
• After-tax cash flow: $2,972/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 — 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

• 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

+270.5% since first listed

6 events — show timeline

• 2026-05-21 Listed $259,000 Stellar MLS as Distributed by MLS Grid
• 2021-02-18 Sold (MLS) $138,500 DGLMLS
• 2020-06-12 Listed $149,900 DGLMLS
• 2017-08-01 Sold (Public Records) $65,000 Public Records
• 2017-07-28 Sold (MLS) $65,000 DGLMLS
• 2016-06-23 Listed $69,900 DGLMLS

Property tax history

+6.4%/yr

Latest (2025): $1,355 · +2.5% YoY. Source: county tax records.