1558 Candleberry St · Bunnell, FL 32110

$279,900

4 bd · 2.0 ba · 2,372 sqft · Manufactured public records · 57 Days on market

Manufactured home Built 2004 1.14 ac lot Est $351k · 20% under

---

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).

• ARV discount +15.0/15.0
• Cash flow +7.4/30.0
• Schools +4.6/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +1.5/10.0
• 1% rule +0.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

A STEAL! 2372 living sq. foot on over an acre, built in 2004. Check out these upgrades: sheet-rocked walls, vaulted ceilings, crown molding, leaded glass entryway, stainless steel appliances, huge island kitchen, water filtration system, jacuzzi tub & separate shower in master bath, built-in china cabinet in dining room, tile counter-tops, wet bar in family room and a deck to enjoy the tranquility

Key facts

• 1.14 acre lot
• Built 2004
• Listed 57 days

Property features AI

Finance

• Other: Property type: Residential (Manufactured Home); Lot size: approximately 1.14 acres (165 x 300); Zoning: MH-1; Homestead exempt; Unfurnished
• Financial info: No additional financial details provided
• HOA & community: No HOA or association; Development: Daytona North

Exterior

• Parking: No parking details provided
• Security: No security features listed
• Utilities: Well water; Septic tank; Cable connected; Electricity connected
• Home design: Manufactured double-wide home; Single-story (one level); East-facing
• Construction: Vinyl siding; Metal roof; Crawlspace foundation; Built in (year not provided)
• Exterior features: Other exterior features; Dirt road access

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator
• Bedrooms: 4 bedrooms
• Flooring: Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Built-in features; Ceiling fans; Crown molding; Eat-in kitchen; Split bedroom layout; Vaulted ceilings; Walk-in closets; Window treatments; Has fireplace (family room and living room)
• Laundry & utility: Dedicated laundry room; Electric water heater

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath manufactured listed at $280k.

Deal economics

• At list price, monthly cash flow is $-362 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $216k (22.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $166k (40.8% below list).
• Recommended offer: $166k (40.8% below list) — sets the bar for 1% rule.
• Cap rate 4.7% 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); Buddy Taylor Middle School (math 50% / reading 45%, grade C-, #288 of 571 statewide, top 51%, 1,343 students, 63% 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: 281 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 $2k of loan paydown is wiped out by about $8k 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.

Negotiation context

• It's been on market 57 days — a 3% lower offer ($272k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 20y 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 $83k; list at $280k implies a 237% 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; moderate wildfire risk; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $165,789 (40.8% 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 57 days. Have you received any prior offers? Is the seller open to a 41% concession, seller financing, or rate buy-down credit?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 0.59% ✗
• Cap rate: 4.74%
• Cash-on-cash: -5.54%
• DSCR: 0.75
• GRM: 14.1

CMA / ARV

• ARV (on-the-fly): $351,056
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1820 Satinwood St	0.27mi	4/2.0	2,327 (-2%)	8mo	$345,000	$148	78
5735 Buckeye Ln	0.44mi	4/2.0	2,295 (-3%)	6mo	$400,000	$174	69
1056 Peach St	0.54mi	3/3.0 (-1)	2,348 (-1%)	1mo	$140,500	$60	64

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: -25.9%
• Equity multiple: 0.13×
• Total profit: $-68,551
• Equity at exit: $41,734

10-year hold

• IRR: -22.7%
• Equity multiple: -0.15×
• Total profit: $-89,939
• Equity at exit: $24,201

Cash invested: $78,372 (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: 281
• Price-to-rent: 14.1×

Monthly cashflow live

• Estimated rent: $1,658 medium
• Mortgage (P&I): −$1,468
• Tax from tax record: −$87 /mo · $1,048/yr
• Insurance: −$117
• HOA: −$0
• Lot rent leased land?: −$0
• Vacancy / Maint / Mgmt: −$348
• Net cashflow: $-362

Break-even live

Break-even rent $2,116

Max offer price $215,943

Occupancy floor —

Sensitivity live

Price	-10% $-204	-5% $-283	+0% $-362	+5% $-441	+10% $-520
Rent	-10% $-493	-5% $-428	+0% $-362	+5% $-297	+10% $-231
Rate	-1.0pp $-221	-0.5pp $-291	base $-362	+0.5pp $-435	+1.0pp $-508

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: $69,975
• Closing costs: $8,397
• Reserves months: —
• Total cash needed: —

Listing history 21 events

1. 2026-06-21
   days on market $279,900 Active 57 DOM
2. 2026-06-18
   days on market $279,900 Active 54 DOM
3. 2026-06-17
   days on market $279,900 Active 53 DOM
4. 2026-06-16
   days on market $279,900 Active 52 DOM
5. 2026-06-15
   days on market $279,900 Active 51 DOM
6. 2026-06-14
   days on market $279,900 Active 49 DOM
7. 2026-06-13
   days on market $279,900 Active 48 DOM
8. 2026-06-10
   days on market $279,900 Active 46 DOM
9. 2026-06-09
   days on market $279,900 Active 45 DOM
10. 2026-06-08
    days on market $279,900 Active 44 DOM
11. 2026-06-07
    days on market $279,900 Active 43 DOM
12. 2026-06-03
    days on market $279,900 Active 39 DOM
13. 2026-06-02
    days on market $279,900 Active 38 DOM
14. 2026-06-01
    days on market $279,900 Active 37 DOM
15. 2026-05-31
    days on market $279,900 Active 36 DOM
16. 2026-04-25
    listed $279,900 Active
17. 2011-10-07
    soldstatus $83,000
18. 2008-01-14
    historical 404-char remark

    Show marketing remark (404 chars)

    A STEAL! 2372 living sq. foot on over an acre, built in 2004. Check out these upgrades: sheet-rocked walls, vaulted ceilings, crown molding, leaded glass entryway, stainless steel appliances, huge island kitchen, water filtration system, jacuzzi tub & separate shower in master bath, built-in china cabinet in dining room, tile counter-tops, wet bar in family room and a deck to enjoy the tranquility

19. 2007-09-19
    listed $125,000 404-char remark

    Show marketing remark (404 chars)

    A STEAL! 2372 living sq. foot on over an acre, built in 2004. Check out these upgrades: sheet-rocked walls, vaulted ceilings, crown molding, leaded glass entryway, stainless steel appliances, huge island kitchen, water filtration system, jacuzzi tub & separate shower in master bath, built-in china cabinet in dining room, tile counter-tops, wet bar in family room and a deck to enjoy the tranquility

20. 2007-01-04
    historical 399-char remark

    Show marketing remark (399 chars)

    Need your space? Come and see this beautiful 2,372 sq.ft. home on over 1 acre, built in 2004 with two wood burning fireplaces! All the walls and ceilings are sheetrocked (that's a $10,000 extra). Lots of storage in spacious rooms. The kitchen features a center island , stainless appliances and a smooth top range.Let's not forget the large walk in shower,double sinks and whirlpool in the master be

21. 2006-06-07
    listed $149,900 399-char remark

    Show marketing remark (399 chars)

    Need your space? Come and see this beautiful 2,372 sq.ft. home on over 1 acre, built in 2004 with two wood burning fireplaces! All the walls and ceilings are sheetrocked (that's a $10,000 extra). Lots of storage in spacious rooms. The kitchen features a center island , stainless appliances and a smooth top range.Let's not forget the large walk in shower,double sinks and whirlpool in the master be

ⓘ 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: $1,048 · $87/mo
• Projected year-2 tax: $2,323 · $194/mo
• Expected delta: +$1,275/yr (+$106/mo · 121.7%)

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

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 9/10 Extreme 7 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 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,895
• − Mortgage interest: −$15,679
• − Property taxes: −$1,048
• − Insurance: −$1,400
• − Repairs & maintenance: −$1,592
• − Management: −$1,592
• − Depreciation: −$8,143
• Taxable loss: −$9,557
• Est. tax savings @ 24.0%: +$2,294
• After-tax cash flow: $-2,051/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

+86.7% since first listed

6 events — show timeline

• 2026-04-25 Listed $279,900 Stellar MLS as Distributed by MLS Grid
• 2011-10-07 Sold (Public Records) $83,000 Public Records
• 2008-01-14 Listing Removed — realMLS
• 2007-09-19 Listed $125,000 realMLS
• 2007-01-04 Listing Removed — realMLS
• 2006-06-07 Listed $149,900 realMLS

Property tax history

+1.8%/yr

Latest (2025): $1,048 · +4.0% YoY. Source: county tax records.