10200 Ebert Ave · Flagler Estates, FL 32145

$290,000

6 bd · 2.0 ba · 408 sqft · MultiFamily public records · 66 Days on market

Built 1986 2.07 ac lot

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Why this score? — see what drove the A- 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 +30.0/30.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• 1% rule +8.3/10.0
• ARV discount +7.5/15.0
• Schools +6.4/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records

Listing remarks MLS

MUST SEE TODAY! Come see the cutest country style living at its finest. Don't miss your chance to own over 2 acres of peaceful, private country living--opportunities like this don't last! This property features a 3BR/2BA w/ upgraded primary bathroom, vaulted ceilings, a spacious kitchen, large, relaxing, porch, double carport and plenty of space if you like to tinker. A rare find--TWO mobile homes on site, with one grandfathered in (new regulations would not allow another). The second is ready for your personal touches and includes materials to finish. A 3rd beautiful detached building offers guest house potential with its own bedroom and bathroom. Workshop space and covered parking for RVs/boats included. Bring your TOYS! Tranquil land, prime location just minutes to St. Augustine and Palm Coast. This one will go fast--schedule your showing today before it's gone!

Key facts

• Large relaxing porch
• Spacious kitchen
• Double carport

Tags

• OVER 2 ACRES
• UPGRADED PRIMARY BATHROOM
• VAULTED CEILINGS
• SPACIOUS KITCHEN
• LARGE RELAXING PORCH
• DOUBLE CARPORT

What this means for you Summary

Snapshot

• This is a 6-bed/2.0-bath multifamily listed at $290k.

Deal economics

• At list price, monthly cash flow is $1k ($13k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $290k).
• Recommended offer: $273k (6.0% below list) — sets the bar for market timing.
• Cap rate 10.9% vs local median 4.0% in Flagler Estates — 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 62/100 on livability (#763 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A-; Watch: health & safety C-, schools F, amenities F.
• St. Johns (rural): math 75% / reading 73% proficiency, ranked #2 of 73 in FL (top 3%) — strong family-tenant draw, lease renewals of 3-5y typical; only 20% free/reduced lunch — higher-income household profile.
• Market conditions: 234 active listings in the ZIP; 5,575 units permitted in St. Johns County in 2024 (584 in 5+ unit buildings).

Forward outlook

• In year one you build about $31k of equity ($2k loan paydown + $29k appreciation (10.0% local appreciation)).
• St. Johns County population projected at +60% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $81k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$50k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 66 days — a 6% lower offer ($273k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 4y 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 $230k; 26% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $272,600 (6.0% below list)

Questions for the listing agent

1. It's been on market 66 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.33% ✓
• Cap rate: 10.93%
• Cash-on-cash: 16.56%
• DSCR: 1.74
• GRM: 6.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 36.5%
• Equity multiple: 3.82×
• Total profit: $229,305
• Equity at exit: $261,255

10-year hold

• IRR: 31.5%
• Equity multiple: 8.63×
• Total profit: $619,175
• Equity at exit: $563,406

Cash invested: $81,200 (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 32145

• Home prices YoY: 19.1%
• Active inventory: 234
• Price-to-rent: 18.8×

Monthly cashflow live

• Estimated rent: $3,856 medium
• Mortgage (P&I): −$1,521
• Tax from tax record: −$284 /mo · $3,412/yr
• Insurance: −$121
• HOA: −$0
• Vacancy / Maint / Mgmt: −$810
• Net cashflow: $1,120

Break-even live

Break-even rent $2,438

Max offer price $290,000

Occupancy floor 66%

Sensitivity live

Price	-10% $1,284	-5% $1,202	+0% $1,120	+5% $1,038	+10% $956
Rent	-10% $816	-5% $968	+0% $1,120	+5% $1,273	+10% $1,425
Rate	-1.0pp $1,266	-0.5pp $1,194	base $1,120	+0.5pp $1,045	+1.0pp $969

3-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 3× units	2	1	$3,855
Total (3 units)			$3,856

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: $72,500
• Closing costs: $8,700
• Reserves months: —
• Total cash needed: —

Listing history 12 events

1. 2026-06-03
   days on market $290,000 Active 66 DOM
2. 2026-06-02
   days on market $290,000 Active 65 DOM
3. 2026-06-01
   days on market $290,000 Active 64 DOM
4. 2026-05-31
   days on market $290,000 Active 63 DOM
5. 2026-03-27
   listed $290,000 Active 878-char remark

   Show marketing remark (878 chars)

   MUST SEE TODAY! Come see the cutest country style living at its finest. Don't miss your chance to own over 2 acres of peaceful, private country living--opportunities like this don't last! This property features a 3BR/2BA w/ upgraded primary bathroom, vaulted ceilings, a spacious kitchen, large, relaxing, porch, double carport and plenty of space if you like to tinker. A rare find--TWO mobile homes on site, with one grandfathered in (new regulations would not allow another). The second is ready for your personal touches and includes materials to finish. A 3rd beautiful detached building offers guest house potential with its own bedroom and bathroom. Workshop space and covered parking for RVs/boats included. Bring your TOYS! Tranquil land, prime location just minutes to St. Augustine and Palm Coast. This one will go fast--schedule your showing today before it's gone!

6. 2022-11-28
   soldstatus $230,000
7. 2022-11-21
   soldstatus $230,000 Closed 594-char remark

   Show marketing remark (594 chars)

   Over 2 acres of Peaceful Country Living! Several Structures on this Fantastic Property! Starting with 3 Bedroom 2 Bath Double Wide Mobile Home with a Large Kitchen, Vaulted Ceilings, Split Floor Plan, a DOUBLE Carport and a Great Porch! A Studio Cabin and a Spacious Workshop with RV or Boat Port as Well! There is also a Single Wide Mobile Home that can be used for Storage , or taken down. Plenty of Room to Bring your Toys, Boat, RV, and Pets. The Possibilities are Endless! Peace and Quiet in the Country but only a Short Drive to Palm Coast or St. Augustine. Call for a Showing Today!

8. 2022-10-23
   status Pending 594-char remark

   Show marketing remark (594 chars)

   Over 2 acres of Peaceful Country Living! Several Structures on this Fantastic Property! Starting with 3 Bedroom 2 Bath Double Wide Mobile Home with a Large Kitchen, Vaulted Ceilings, Split Floor Plan, a DOUBLE Carport and a Great Porch! A Studio Cabin and a Spacious Workshop with RV or Boat Port as Well! There is also a Single Wide Mobile Home that can be used for Storage , or taken down. Plenty of Room to Bring your Toys, Boat, RV, and Pets. The Possibilities are Endless! Peace and Quiet in the Country but only a Short Drive to Palm Coast or St. Augustine. Call for a Showing Today!

9. 2022-10-19
   status Active 594-char remark

   Show marketing remark (594 chars)

   Over 2 acres of Peaceful Country Living! Several Structures on this Fantastic Property! Starting with 3 Bedroom 2 Bath Double Wide Mobile Home with a Large Kitchen, Vaulted Ceilings, Split Floor Plan, a DOUBLE Carport and a Great Porch! A Studio Cabin and a Spacious Workshop with RV or Boat Port as Well! There is also a Single Wide Mobile Home that can be used for Storage , or taken down. Plenty of Room to Bring your Toys, Boat, RV, and Pets. The Possibilities are Endless! Peace and Quiet in the Country but only a Short Drive to Palm Coast or St. Augustine. Call for a Showing Today!

10. 2022-09-01
    status Pending 594-char remark

    Show marketing remark (594 chars)

    Over 2 acres of Peaceful Country Living! Several Structures on this Fantastic Property! Starting with 3 Bedroom 2 Bath Double Wide Mobile Home with a Large Kitchen, Vaulted Ceilings, Split Floor Plan, a DOUBLE Carport and a Great Porch! A Studio Cabin and a Spacious Workshop with RV or Boat Port as Well! There is also a Single Wide Mobile Home that can be used for Storage , or taken down. Plenty of Room to Bring your Toys, Boat, RV, and Pets. The Possibilities are Endless! Peace and Quiet in the Country but only a Short Drive to Palm Coast or St. Augustine. Call for a Showing Today!

11. 2022-08-24
    listed $239,000 Active 594-char remark

    Show marketing remark (594 chars)

    Over 2 acres of Peaceful Country Living! Several Structures on this Fantastic Property! Starting with 3 Bedroom 2 Bath Double Wide Mobile Home with a Large Kitchen, Vaulted Ceilings, Split Floor Plan, a DOUBLE Carport and a Great Porch! A Studio Cabin and a Spacious Workshop with RV or Boat Port as Well! There is also a Single Wide Mobile Home that can be used for Storage , or taken down. Plenty of Room to Bring your Toys, Boat, RV, and Pets. The Possibilities are Endless! Peace and Quiet in the Country but only a Short Drive to Palm Coast or St. Augustine. Call for a Showing Today!

12. 1993-12-17
    soldstatus $40,000

ⓘ 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: $3,412 · $284/mo
• Projected year-2 tax: $3,412 · $284/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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 6/10 Major
• 🌡 Heat 9/10 Extreme 7 d/yr ≥108°F today · 20 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $46,272
• − Mortgage interest: −$16,245
• − Property taxes: −$3,412
• − Insurance: −$1,450
• − Repairs & maintenance: −$3,702
• − Management: −$3,702
• − Depreciation: −$8,436
• Taxable income: $9,326
• Est. tax owed @ 24.0%: −$2,238
• After-tax cash flow: $11,206/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: St. Johns
• NCES district ID: 1201740
• Math proficiency: 75% ▼ -5.00%
• Reading proficiency: 73% ▼ -2.00%
• Median HH income: $66,842
• Composite: 64.31/100
• National rank: #556
• State rank: #2 of 73 in FL

Livability — Flagler Estates

• Score: 62/100
• State rank: #763
• US rank: #16863

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Flagler Estates, FL
• Population (ZIP): 5,750

Population outlook (St. Johns County) Hauer SSP2

• Today (2025): 303,941 people
• By 2030: 342,590 · +12.7%
• By 2040: 417,328 · +37.3%
• By 2050: 487,011 · +60.2%
• By 2075: 635,395 · +109.1%
• By 2100: 717,469 · +136.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (76%)
• Race & ethnicity: White 76% Two or more races 16% Hispanic / Latino 9% Black 7%
• Hispanic origin (detail): Mexican 8%
• Common ancestry: Lithuanian 3% Romanian 3% Estonian 3%
• Foreign-born: 12% · Canada
• Languages at home: 86% English-only · Spanish 9% Other Indo-European 5%

Political lean MEDSL · St. Johns

• 2024 margin: Solid R (+31.4) · D 33.9% · R 65.2%
• 2008→2024 swing: +0.2pp no change · 2008: -31.6pp · 2024: -31.4pp
• All cycles: 2024: R+31.4 2020: R+26.7 2016: R+33.4 2012: R+37.8 2008: R+31.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 40.24%
• Current HPI: 250.8035
• 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

+625.0% since first listed

8 events — show timeline

• 2026-03-27 Listed $290,000 realMLS
• 2022-11-28 Sold (Public Records) $230,000 Public Records
• 2022-11-21 Sold (MLS) $230,000 Stellar MLS as Distributed by MLS Grid
• 2022-10-23 Pending — Stellar MLS as Distributed by MLS Grid
• 2022-10-19 Relisted — Stellar MLS as Distributed by MLS Grid
• 2022-09-01 Pending — Stellar MLS as Distributed by MLS Grid
• 2022-08-24 Listed $239,000 Stellar MLS as Distributed by MLS Grid
• 1993-12-17 Sold (Public Records) $40,000 Public Records

Property tax history

+12.1%/yr

Latest (2025): $3,412 · +7.1% YoY. Source: county tax records.