10632 Capitola Rd · Capitola, FL 32317

$225,000

3 bd · 1.0 ba · 1,341 sqft · SingleFamily public records · 31 Days on market

Built 1949 0.44 ac lot Est $283k · 20% 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 +27.6/30.0
• ARV discount +15.0/15.0
• DSCR +9.7/10.0
• 1% rule +6.3/10.0
• Schools +4.3/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great school area. Great for a first home buyer or an investor! Vacant, show anytime. Call listing agent

Key facts

• Private lot
• Mid-century home
• Room to relax

Tags

• MID-CENTURY HOME
• ENSUITE PRIMARY BEDROOMS
• UPDATED KITCHEN
• PRIVATE LOT
• ROOM TO RELAX

Property features AI

Finance

• Financial info: Offered for sale

Exterior

• Parking: Driveway
• Utilities: Septic tank
• Home design: Single-story; Wood siding
• Construction: Wood siding construction
• Exterior features: Covered patio/porch; Deck; Porch; Privacy fencing; Publicly maintained road

Interior

• Kitchen: Dishwasher; Icemaker; Microwave; Oven; Range; Refrigerator; Pantry
• Bedrooms: Bedroom 2 (12 x 12)
• Flooring: Plank; Tile; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air; Ceiling fan(s)
• Interior features: Stall shower; Window treatments; Pantry; Walk-in closet(s)
• Laundry & utility: Utility room

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $225k.

Deal economics

• At list price, monthly cash flow is $549 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $225k).
• Recommended offer: $218k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads: area grade B — affects rentability + tenant quality, not the cash-flow math above.
• Leon (urban): math 48% / reading 53% proficiency, ranked #33 of 73 in FL (top 45%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 91 active listings in the ZIP; high-income renter base; 1,765 units permitted in Leon County in 2024 (975 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 $7k of value loss. Plan a longer hold.
• Leon County population projected at +23% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 31 days — a 3% lower offer ($218k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 15y 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 $45k; list at $225k implies a 400% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $125/mo; built in 1949 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: in FEMA flood zone A (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $218,250 (3.0% below list)

Questions for the listing agent

1. It's been on market 31 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1949 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.13% ✓
• Cap rate: 9.89%
• Cash-on-cash: 12.84%
• DSCR: 1.57
• GRM: 7.4

CMA / ARV

• ARV (on-the-fly): $282,951
• Comps found: 11

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
953 Cap Tram Rd	0.63mi	3/2.0	1,362 (+2%)	10mo	$300,000	$220	56
947 Cap Tram Rd	0.64mi	3/2.0	1,362 (+2%)	10mo	$295,000	$217	55
955 Cap Tram Rd	0.63mi	3/2.0	1,362 (+2%)	10mo	$295,000	$217	55
937 Cap Tram Rd	0.67mi	3/2.0	1,420 (+6%)	2mo	$325,000	$229	54
941 Cap Tram Rd	0.67mi	3/3.0	1,492 (+11%)	7mo	$325,000	$218	36
938 Cap Tram Rd	0.62mi	3/2.0	1,200 (-10%)	17mo	$253,000	$211	36
934 Cap Tram Rd	0.62mi	3/2.0	1,200 (-10%)	18mo	$249,000	$208	34
946 Cap Tram	0.61mi	3/2.0	1,200 (-10%)	21mo	$249,500	$208	32
942 Cap Tram Rd	0.62mi	3/2.0	1,200 (-10%)	21mo	$249,000	$208	32
930 Cap Tram Rd	0.63mi	3/2.0	1,200 (-10%)	21mo	$250,000	$208	32
950 Cap Tram Rd	0.61mi	3/2.0	1,200 (-10%)	23mo	$250,000	$208	31

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: 0.98×
• Total profit: $-1,530
• Equity at exit: $33,548

10-year hold

• IRR: 9.0%
• Equity multiple: 1.69×
• Total profit: $43,595
• Equity at exit: $19,454

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 32317

• Home prices YoY: -26.5%
• Active inventory: 91
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $2,546 medium
• Mortgage (P&I): −$1,180
• Tax from tax record: −$64 /mo · $764/yr
• Insurance: −$94
• Flood insurance flood zone: −$125 /mo · $1,502/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$535
• Net cashflow: $549

Break-even live

Break-even rent $1,851

Max offer price $225,000

Occupancy floor 73%

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 20 events

1. 2026-06-10
   days on market $225,000 Active 31 DOM
2. 2026-06-09
   days on market $225,000 Active 30 DOM
3. 2026-06-08
   days on market $225,000 Active 29 DOM
4. 2026-06-07
   days on market $225,000 Active 28 DOM
5. 2026-06-05
   days on market $225,000 Active 25 DOM
6. 2026-06-03
   days on market $225,000 Active 24 DOM
7. 2026-06-02
   remarks 621-char remark
8. 2026-06-02
   pricedays on market $225,000 Active 23 DOM
9. 2026-06-01
   days on market $235,000 Active 22 DOM
10. 2026-05-31
    days on market $235,000 Active 21 DOM
11. 2026-05-30
    days on market $235,000 Active 20 DOM
12. 2026-05-06
    listed $235,000 Active
13. 2017-05-28
    soldstatus $45,000 104-char remark

    Show marketing remark (104 chars)

    Great school area. Great for a first home buyer or an investor! Vacant, show anytime. Call listing agent

14. 2016-09-28
    listed $47,500 104-char remark

    Show marketing remark (104 chars)

    Great school area. Great for a first home buyer or an investor! Vacant, show anytime. Call listing agent

15. 2016-03-15
    historical
16. 2014-11-20
    listed $42,900
17. 2011-07-07
    historical
18. 2011-04-06
    listed $49,900
19. 2011-03-30
    historical
20. 2011-02-02
    listed $59,900

ⓘ 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: $764 · $64/mo
• Projected year-2 tax: $1,868 · $156/mo
• Expected delta: +$1,103/yr (+$92/mo · 144.4%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone A · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥107°F today · 20 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $30,551
• − Mortgage interest: −$12,603
• − Property taxes: −$764
• − Insurance: −$2,628
• − Repairs & maintenance: −$2,444
• − Management: −$2,444
• − Depreciation: −$6,545
• Taxable income: $3,122
• Est. tax owed @ 24.0%: −$749
• After-tax cash flow: $5,835/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: Leon
• NCES district ID: 1201110
• Math proficiency: 48% ▼ -13.00%
• Reading proficiency: 53% ▼ -5.00%
• Median HH income: $46,339
• Composite: 42.84/100
• National rank: #3131
• State rank: #33 of 73 in FL

Livability — Capitola

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• County: Leon County · 294,472 people
• Metro: Tallahassee, FL
• Population (ZIP): 14,654
• Household income: $128,690
• Rent vs Own: 10.8% rent · 89.2% own
• Severe rent burden: 143.0

Population outlook (Leon County) Hauer SSP2

• Today (2025): 315,507 people
• By 2030: 330,677 · +4.8%
• By 2040: 358,465 · +13.6%
• By 2050: 386,804 · +22.6%
• By 2075: 465,480 · +47.5%
• By 2100: 519,959 · +64.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (67%)
• Race & ethnicity: White 67% Black 15% Hispanic / Latino 8% Two or more races 7% Asian 7%
• Hispanic origin (detail): Mexican 1% Puerto Rican 3% Cuban 1%
• Common ancestry: Slovak 4% Lithuanian 2% Italian 2%
• Foreign-born: 8% · Canada, China, South Korea
• Languages at home: 89% English-only · Spanish 5% Other Asian/Pacific 3% Other Indo-European 2%

Political lean MEDSL · Leon

• 2024 margin: Strong D (+21.8) · D 60.3% · R 38.5% · Other 1.2%
• 2008→2024 swing: -2.5pp toward R · 2008: 24.3pp · 2024: 21.8pp
• All cycles: 2024: D+21.8 2020: D+28.3 2016: D+25.1 2012: D+23.6 2008: D+24.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -88.81%
• Current HPI: 246.3858
• Rent YoY: —
• Metro: Tallahassee, FL
• 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

+292.3% since first listed

9 events — show timeline

• 2026-05-06 Listed $235,000 CATRS
• 2017-05-28 Sold (MLS) $45,000 CATRS
• 2016-09-28 Listed $47,500 CATRS
• 2016-03-15 Listing Removed — CATRS
• 2014-11-20 Listed $42,900 CATRS
• 2011-07-07 Listing Removed — CATRS
• 2011-04-06 Listed $49,900 CATRS
• 2011-03-30 Listing Removed — CATRS
• 2011-02-02 Listed $59,900 CATRS

Property tax history

-3.1%/yr

Latest (2025): $764 · +1.1% YoY. Source: county tax records.