113 W Noble Ave · Bushnell, FL 33513

$275,000

3 bd · 2.0 ba · 1,464 sqft · SingleFamily public records · 160 Days on market

Built 1907 0.28 ac lot Est $262k · 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).

• Appreciation +10.0/10.0
• Cash flow +9.1/30.0
• ARV discount +5.3/15.0
• Schools +5.2/10.0
• Livability +2.9/5.0
• DSCR +2.5/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +1.7/10.0

Listing remarks MLS

Historic architecture meets modern luxury. Comfortably blending historic charm with modern conveniences, this home is located in beautiful downtown Bushnell, offering quick access to shopping, schools, and government buildings. No stone was left unturned during the recent remodel, including a metal roof, insulated windows, air conditioner, electrical, plumbing, waterproof flooring, stainless appliances, and much more. The updated interior features a soft monochromatic palette and clean lines that accentuate the architectural character. Outside boasts a wide front porch, fully sodded lawn with sprinkler system, mature landscaping, and a spacious back deck perfect for entertaining family and friends. This property is zoned C1, which offers both residential and business benefits. Fantastic location, modern amenities, and architectural character will impress your clients and make this the perfect place for your business. The attached vacant lot is also available (same zoning); details are available upon request.

Key facts

• Full kitchen
• Open front porch
• Separate entrances

Tags

• OPEN FRONT PORCH
• REAL WOOD BURNING FIREPLACE
• FULL BATHROOM WITH DUAL SINKS
• SEPARATE ENTRANCES
• FULL KITCHEN
• FULL LAUNDRY ROOM

Property features AI

Finance

• Other: Property type: Residential, single-family; Zoning: RES
• HOA & community: No association

Exterior

• Parking: Carport (1 space)
• Utilities: Private water source; Septic tank; Electricity connected; Water connected; Sewer connected; Underground utilities
• Home design: Single-family residence; One story; Home faces north; Homesteaded
• Construction: Metal roof; Other construction materials; Pillar/post/pier foundation; Built on 0.28-acre lot (approximately 1/4 to less than 1/2 acre)
• Exterior features: Covered front and rear porches; Private mailbox; Vinyl fencing; Asphalt road access

Interior

• Kitchen: Dishwasher; Range; Range hood; Refrigerator; Electric water heater
• Bedrooms: 3 bedrooms
• Flooring: Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Built-in features; Ceiling fans; Eat-in kitchen; Stone counters; Thermostat; Decorative fireplace; Inside utility; Storage rooms
• Laundry & utility: Laundry room with washer and electric dryer hookups

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $275k.

Deal economics

• At list price, monthly cash flow is $-212 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $238k (13.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $184k (32.9% below list).
• Recommended offer: $184k (32.9% below list) — sets the bar for 1% rule.
• Cap rate 5.4% vs local median 4.2% in Bushnell — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 58/100 on livability (#835 in FL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+, crime A-; Watch: health & safety C-, amenities F, commute F.
• Sumter (rural): math 61% / reading 61% proficiency, ranked #11 of 73 in FL (top 15%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Bushnell Elementary School (math 65% / reading 63%, grade B, #552 of 2,144 statewide, top 26%, 760 students, 61% FRL); South Sumter Middle School (math 55% / reading 54%, grade B-, #183 of 571 statewide, top 34%, 897 students, 61% FRL); South Sumter High School (math 33% / reading 48%, grade F, #294 of 667 statewide, top 44%, 1,045 students, 52% FRL).
• Market conditions: 99 active listings in the ZIP; 3,961 units permitted in Sumter County in 2024 (248 in 5+ unit buildings).

Forward outlook

• In year one you build about $29k of equity ($2k loan paydown + $28k appreciation (10.0% local appreciation)).
• Sumter County population projected at +45% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 2, paydown + projected appreciation supports a ~$47k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 160 days — a 12% lower offer ($242k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 19y ago; this cycle's ask has dropped $60k (18%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $220k; 25% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1907 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $184,403 (32.9% 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 160 days. Have you received any prior offers? Is the seller open to a 33% concession, seller financing, or rate buy-down credit?
3. Built in 1907 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. 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?
8. 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.
9. 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.
10. 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: 0.67% ✗
• Cap rate: 5.37%
• Cash-on-cash: -3.30%
• DSCR: 0.85
• GRM: 12.4

CMA / ARV

• ARV (on-the-fly): $262,056
• Comps found: 8

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
123 W Dade Ave	0.14mi	3/2.0	1,351 (-8%)	5mo	$195,000	$144	76
403 W Palm Ave	0.51mi	3/2.0	1,482 (+1%)	6mo	$265,000	$179	69
309 N Westwood St	0.25mi	3/2.0	1,248 (-15%)	2mo	$285,000	$228	62
555 E Anderson Ave	0.75mi	3/2.0	1,451 (-1%)	3mo	$255,000	$176	61
577 E Anderson Ave	0.75mi	3/2.0	1,451 (-1%)	9mo	$265,000	$183	56
119 W Noble Ave	0.02mi	3/1.0	1,254 (-14%)	19mo	$190,000	$152	56
212 W Noble Ave	0.13mi	2/2.0 (-1)	1,642 (+12%)	20mo	$460,000	$280	52
210 Jumper Dr S	0.71mi	2/2.0 (-1)	1,623 (+11%)	17mo	$267,000	$165	30

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: 21.9%
• Equity multiple: 2.77×
• Total profit: $136,179
• Equity at exit: $247,742

10-year hold

• IRR: 19.7%
• Equity multiple: 6.34×
• Total profit: $411,395
• Equity at exit: $534,265

Cash invested: $77,000 (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 33513

• Home prices YoY: 12.8%
• Active inventory: 99
• Price-to-rent: 12.4×

Monthly cashflow live

• Estimated rent: $1,844 medium
• Mortgage (P&I): −$1,442
• Tax from tax record: −$112 /mo · $1,340/yr
• Insurance: −$115
• HOA: −$0
• Vacancy / Maint / Mgmt: −$387
• Net cashflow: $-212

Break-even live

Break-even rent $2,112

Max offer price $237,614

Occupancy floor —

Sensitivity live

Price	-10% $-56	-5% $-134	+0% $-212	+5% $-289	+10% $-367
Rent	-10% $-357	-5% $-284	+0% $-212	+5% $-139	+10% $-66
Rate	-1.0pp $-73	-0.5pp $-142	base $-212	+0.5pp $-283	+1.0pp $-355

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: $68,750
• Closing costs: $8,250
• Reserves months: —
• Total cash needed: —

Listing history 29 events

1. 2026-06-22
   days on market $275,000 Active 160 DOM
2. 2026-06-19
   days on market $275,000 Active 158 DOM
3. 2026-06-18
   days on market $275,000 Active 157 DOM
4. 2026-06-17
   days on market $275,000 Active 156 DOM
5. 2026-06-16
   days on market $275,000 Active 155 DOM
6. 2026-06-15
   days on market $275,000 Active 154 DOM
7. 2026-06-14
   days on market $275,000 Active 152 DOM
8. 2026-06-13
   days on market $275,000 Active 151 DOM
9. 2026-06-10
   days on market $275,000 Active 149 DOM
10. 2026-06-09
    days on market $275,000 Active 148 DOM
11. 2026-06-08
    days on market $275,000 Active 147 DOM
12. 2026-06-07
    pricedays on market $275,000 Active 146 DOM
13. 2026-06-02
    days on market $299,000 Active 141 DOM
14. 2026-06-01
    days on market $299,000 Active 140 DOM
15. 2026-05-31
    days on market $299,000 Active 139 DOM
16. 2026-05-30
    days on market $299,000 Active 138 DOM
17. 2026-03-17
    price $299,000
18. 2026-01-12
    listed $335,000 Active
19. 2021-06-10
    soldstatus $219,900
20. 2021-06-04
    soldstatus $219,900 Closed 1023-char remark

    Show marketing remark (1023 chars)

    Historic architecture meets modern luxury. Comfortably blending historic charm with modern conveniences, this home is located in beautiful downtown Bushnell, offering quick access to shopping, schools, and government buildings. No stone was left unturned during the recent remodel, including a metal roof, insulated windows, air conditioner, electrical, plumbing, waterproof flooring, stainless appliances, and much more. The updated interior features a soft monochromatic palette and clean lines that accentuate the architectural character. Outside boasts a wide front porch, fully sodded lawn with sprinkler system, mature landscaping, and a spacious back deck perfect for entertaining family and friends. This property is zoned C1, which offers both residential and business benefits. Fantastic location, modern amenities, and architectural character will impress your clients and make this the perfect place for your business. The attached vacant lot is also available (same zoning); details are available upon request.

21. 2021-04-06
    status Pending 1023-char remark

    Show marketing remark (1023 chars)

    Historic architecture meets modern luxury. Comfortably blending historic charm with modern conveniences, this home is located in beautiful downtown Bushnell, offering quick access to shopping, schools, and government buildings. No stone was left unturned during the recent remodel, including a metal roof, insulated windows, air conditioner, electrical, plumbing, waterproof flooring, stainless appliances, and much more. The updated interior features a soft monochromatic palette and clean lines that accentuate the architectural character. Outside boasts a wide front porch, fully sodded lawn with sprinkler system, mature landscaping, and a spacious back deck perfect for entertaining family and friends. This property is zoned C1, which offers both residential and business benefits. Fantastic location, modern amenities, and architectural character will impress your clients and make this the perfect place for your business. The attached vacant lot is also available (same zoning); details are available upon request.

22. 2021-03-31
    status Active 1023-char remark

    Show marketing remark (1023 chars)

    Historic architecture meets modern luxury. Comfortably blending historic charm with modern conveniences, this home is located in beautiful downtown Bushnell, offering quick access to shopping, schools, and government buildings. No stone was left unturned during the recent remodel, including a metal roof, insulated windows, air conditioner, electrical, plumbing, waterproof flooring, stainless appliances, and much more. The updated interior features a soft monochromatic palette and clean lines that accentuate the architectural character. Outside boasts a wide front porch, fully sodded lawn with sprinkler system, mature landscaping, and a spacious back deck perfect for entertaining family and friends. This property is zoned C1, which offers both residential and business benefits. Fantastic location, modern amenities, and architectural character will impress your clients and make this the perfect place for your business. The attached vacant lot is also available (same zoning); details are available upon request.

23. 2021-03-09
    soldstatus $50,000
24. 2021-02-10
    status Pending 1023-char remark

    Show marketing remark (1023 chars)

    Historic architecture meets modern luxury. Comfortably blending historic charm with modern conveniences, this home is located in beautiful downtown Bushnell, offering quick access to shopping, schools, and government buildings. No stone was left unturned during the recent remodel, including a metal roof, insulated windows, air conditioner, electrical, plumbing, waterproof flooring, stainless appliances, and much more. The updated interior features a soft monochromatic palette and clean lines that accentuate the architectural character. Outside boasts a wide front porch, fully sodded lawn with sprinkler system, mature landscaping, and a spacious back deck perfect for entertaining family and friends. This property is zoned C1, which offers both residential and business benefits. Fantastic location, modern amenities, and architectural character will impress your clients and make this the perfect place for your business. The attached vacant lot is also available (same zoning); details are available upon request.

25. 2021-01-17
    listed $219,900 Active 1023-char remark

    Show marketing remark (1023 chars)

    Historic architecture meets modern luxury. Comfortably blending historic charm with modern conveniences, this home is located in beautiful downtown Bushnell, offering quick access to shopping, schools, and government buildings. No stone was left unturned during the recent remodel, including a metal roof, insulated windows, air conditioner, electrical, plumbing, waterproof flooring, stainless appliances, and much more. The updated interior features a soft monochromatic palette and clean lines that accentuate the architectural character. Outside boasts a wide front porch, fully sodded lawn with sprinkler system, mature landscaping, and a spacious back deck perfect for entertaining family and friends. This property is zoned C1, which offers both residential and business benefits. Fantastic location, modern amenities, and architectural character will impress your clients and make this the perfect place for your business. The attached vacant lot is also available (same zoning); details are available upon request.

26. 2008-05-06
    soldstatus $135,000
27. 2007-10-22
    historical
28. 2007-07-31
    listed $199,900
29. 1994-07-15
    soldstatus $80,000

ⓘ 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: $1,340 · $112/mo
• Projected year-2 tax: $2,282 · $190/mo
• Expected delta: +$942/yr (+$79/mo · 70.3%)

ⓘ 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 5/10 Major
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°F today · 23 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,128
• − Mortgage interest: −$15,404
• − Property taxes: −$1,340
• − Insurance: −$1,375
• − Repairs & maintenance: −$1,770
• − Management: −$1,770
• − Depreciation: −$8,000
• Taxable loss: −$7,532
• Est. tax savings @ 24.0%: +$1,808
• After-tax cash flow: $-732/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: Sumter
• NCES district ID: 1201800
• Math proficiency: 61% ▼ -4.00%
• Reading proficiency: 61% ▼ -2.00%
• Median HH income: $48,240
• Composite: 51.74/100
• National rank: #1682
• State rank: #11 of 73 in FL

Livability — Bushnell

• Score: 58/100
• State rank: #835
• US rank: #20676

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bushnell, FL
• Population (ZIP): 13,647

Population outlook (Sumter County) Hauer SSP2

• Today (2025): 161,172 people
• By 2030: 180,083 · +11.7%
• By 2040: 209,892 · +30.2%
• By 2050: 234,186 · +45.3%
• By 2075: 284,602 · +76.6%
• By 2100: 317,039 · +96.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (74%)
• Race & ethnicity: White 74% Black 11% Hispanic / Latino 10% Two or more races 4% Asian 1%
• Hispanic origin (detail): Mexican 4% Puerto Rican 3%
• Common ancestry: Lithuanian 3% Serbian 3% Iranian 1%
• Foreign-born: 2% · Canada, China
• Languages at home: 92% English-only · Spanish 6% Chinese 1%

Political lean MEDSL · Sumter

• 2024 margin: Solid R (+37.6) · D 30.9% · R 68.6%
• 2008→2024 swing: -10.6pp toward R · 2008: -27.0pp · 2024: -37.6pp
• All cycles: 2024: R+37.6 2020: R+36.1 2016: R+39.2 2012: R+34.9 2008: R+27.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 40.29%
• Current HPI: 354.5531
• 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

+273.8% since first listed

13 events — show timeline

• 2026-03-17 Price Changed $299,000 Stellar MLS as Distributed by MLS Grid
• 2026-01-12 Listed $335,000 Stellar MLS as Distributed by MLS Grid
• 2021-06-10 Sold (Public Records) $219,900 Public Records
• 2021-06-04 Sold (MLS) $219,900 Stellar MLS as Distributed by MLS Grid
• 2021-04-06 Pending — Stellar MLS as Distributed by MLS Grid
• 2021-03-31 Relisted — Stellar MLS as Distributed by MLS Grid
• 2021-03-09 Sold (Public Records) $50,000 Public Records
• 2021-02-10 Pending — Stellar MLS as Distributed by MLS Grid
• 2021-01-17 Listed $219,900 Stellar MLS as Distributed by MLS Grid
• 2008-05-06 Sold (Public Records) $135,000 Public Records
• 2007-10-22 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2007-07-31 Listed $199,900 Stellar MLS as Distributed by MLS Grid
• 1994-07-15 Sold (Public Records) $80,000 Public Records

Property tax history

-0.9%/yr

Latest (2025): $1,340 · +1.2% YoY. Source: county tax records.