150 SW Fritz Gln · Lake City, FL 32024

$310,900

3 bd · 2.0 ba · 1,420 sqft · SingleFamily public records · 225 Days on market

Built 2001 0.50 ac lot Est $271k · 15% over

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Why this score? — see what drove the F 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 +6.6/30.0
• Schools +4.5/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +1.0/10.0
• ARV discount +0.9/15.0
• DSCR +0.8/10.0

Listing remarks MLS

This Beautiful, Move-in-ready 3-bedroom, 2-bath home situated on a spacious . 50-acre lot. With a newer roof installed in 2023, this gem combines comfort and room to grow. Ideal for first-time homebuyers, investors seeking rental opportunities, or those looking for a cozy second home. Don't miss the chance to turn this property into your dream home sweet home! Back on market due to buyers financing falling through.

Key facts

• 0.5 acre lot
• 2 garage spots
• Built 2001

Property features AI

Exterior

• Parking: 2-car garage with garage door opener
• Utilities: Private well water
• Home design: Single-story residential home
• Construction: Brick construction; Shingle roof; Slab foundation; Built on one story
• Exterior features: Screened patio/porch; Chain link fencing; Irregular lot

Interior

• Kitchen: Dishwasher; Refrigerator; Microwave
• Flooring: Carpet; Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air; Ceiling fans
• Interior features: Dishwasher; Refrigerator; Microwave

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $311k.

Deal economics

• At list price, monthly cash flow is $-515 ($-6k/yr) — negative.
• To cash-flow at today's rent, offer at most $220k (29.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $187k (39.7% below list).
• Recommended offer: $187k (39.7% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 73/100 on livability (#304 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities C-, commute F, employment F.
• Columbia (town): math 53% / reading 54% proficiency, ranked #25 of 73 in FL (top 34%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 206 active listings in the ZIP; 178 units permitted in Columbia County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $33k of equity ($2k loan paydown + $31k appreciation (10.0% local appreciation)).
• Columbia County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• By year 2, paydown + projected appreciation supports a ~$53k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 225 days — a 12% lower offer ($274k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 2y 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.

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 $187,401 (39.7% 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 225 days. Have you received any prior offers? Is the seller open to a 40% concession, seller financing, or rate buy-down credit?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
6. 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?
7. 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.
8. 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.
9. 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: 0.60% ✗
• Cap rate: 4.31%
• Cash-on-cash: -7.09%
• DSCR: 0.68
• GRM: 13.8

CMA / ARV

• ARV (on-the-fly): $271,220
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
138 SW Pilots Way	0.25mi	3/2.0	1,483 (+4%)	3mo	$283,000	$191	78
268 SW Zierke Dr	0.13mi	3/2.0	1,311 (-8%)	6mo	$280,000	$214	76
275 SW Woodcrest Dr	0.58mi	3/2.0	1,425 (+0%)	7mo	$285,000	$200	66
1256 SW County Road 252b	0.63mi	3/2.0	1,400 (-1%)	4mo	$265,000	$189	65
384 SW Woodcrest Dr	0.70mi	3/2.0	1,425 (+0%)	11mo	$305,000	$214	58
116 SW Lucile Ct	0.35mi	3/2.0	1,592 (+12%)	11mo	$325,000	$204	54
146 SW Wren Ct	0.69mi	3/2.0	1,476 (+4%)	20mo	$240,000	$163	44
218 SW Woodview Way	0.70mi	3/2.0	1,600 (+13%)	4mo	$155,000	$97	43
280 SW Robinson Ct	0.44mi	3/2.0	1,606 (+13%)	20mo	$299,000	$186	41
425 SW Woodcrest Dr	0.68mi	3/2.0	1,546 (+9%)	16mo	$352,500	$228	40
141 SW Woodgrass Gln	0.74mi	3/2.0	1,575 (+11%)	18mo	$280,000	$178	32
383 SW Woodcrest Dr	0.67mi	3/2.0	1,622 (+14%)	19mo	$296,900	$183	29

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: 19.3%
• Equity multiple: 2.57×
• Total profit: $136,483
• Equity at exit: $280,083

10-year hold

• IRR: 17.7%
• Equity multiple: 5.91×
• Total profit: $427,564
• Equity at exit: $604,010

Cash invested: $87,052 (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 32024

• Home prices YoY: 7.6%
• Active inventory: 206
• Price-to-rent: 13.8×

Monthly cashflow live

• Estimated rent: $1,874 medium
• Mortgage (P&I): −$1,630
• Tax from tax record: −$235 /mo · $2,822/yr
• Insurance: −$130
• HOA: −$0
• Vacancy / Maint / Mgmt: −$394
• Net cashflow: $-515

Break-even live

Break-even rent $2,525

Max offer price $219,994

Occupancy floor —

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: $77,725
• Closing costs: $9,327
• Reserves months: —
• Total cash needed: —

Listing history 31 events

1. 2026-06-19
   days on market $310,900 Active 225 DOM
2. 2026-06-18
   days on market $310,900 Active 224 DOM
3. 2026-06-17
   days on market $310,900 Active 223 DOM
4. 2026-06-16
   days on market $310,900 Active 222 DOM
5. 2026-06-15
   days on market $310,900 Active 221 DOM
6. 2026-06-14
   days on market $310,900 Active 219 DOM
7. 2026-06-12
   days on market $310,900 Active 218 DOM
8. 2026-06-09
   days on market $310,900 Active 215 DOM
9. 2026-06-08
   days on market $310,900 Active 214 DOM
10. 2026-06-07
    days on market $310,900 Active 213 DOM
11. 2026-06-05
    days on market $310,900 Active 210 DOM
12. 2026-06-03
    days on market $310,900 Active 209 DOM
13. 2026-06-02
    days on market $310,900 Active 208 DOM
14. 2026-06-01
    days on market $310,900 Active 207 DOM
15. 2026-05-31
    days on market $310,900 Active 206 DOM
16. 2026-05-30
    days on market $310,900 Active 205 DOM
17. 2026-04-28
    status Active
18. 2026-02-15
    price $310,900
19. 2025-11-01
    status Active
20. 2025-10-31
    listed $315,900 Active
21. 2024-10-21
    soldstatus $289,000
22. 2024-09-24
    historical Active Under Contract 418-char remark

    Show marketing remark (418 chars)

    This Beautiful, Move-in-ready 3-bedroom, 2-bath home situated on a spacious . 50-acre lot. With a newer roof installed in 2023, this gem combines comfort and room to grow. Ideal for first-time homebuyers, investors seeking rental opportunities, or those looking for a cozy second home. Don't miss the chance to turn this property into your dream home sweet home! Back on market due to buyers financing falling through.

23. 2024-09-20
    soldstatus $289,000 Closed 418-char remark

    Show marketing remark (418 chars)

    This Beautiful, Move-in-ready 3-bedroom, 2-bath home situated on a spacious . 50-acre lot. With a newer roof installed in 2023, this gem combines comfort and room to grow. Ideal for first-time homebuyers, investors seeking rental opportunities, or those looking for a cozy second home. Don't miss the chance to turn this property into your dream home sweet home! Back on market due to buyers financing falling through.

24. 2024-09-05
    price $289,000 418-char remark

    Show marketing remark (418 chars)

    This Beautiful, Move-in-ready 3-bedroom, 2-bath home situated on a spacious . 50-acre lot. With a newer roof installed in 2023, this gem combines comfort and room to grow. Ideal for first-time homebuyers, investors seeking rental opportunities, or those looking for a cozy second home. Don't miss the chance to turn this property into your dream home sweet home! Back on market due to buyers financing falling through.

25. 2024-08-29
    status Active 418-char remark

    Show marketing remark (418 chars)

    This Beautiful, Move-in-ready 3-bedroom, 2-bath home situated on a spacious . 50-acre lot. With a newer roof installed in 2023, this gem combines comfort and room to grow. Ideal for first-time homebuyers, investors seeking rental opportunities, or those looking for a cozy second home. Don't miss the chance to turn this property into your dream home sweet home! Back on market due to buyers financing falling through.

26. 2024-08-26
    historical Active Under Contract 418-char remark

    Show marketing remark (418 chars)

    This Beautiful, Move-in-ready 3-bedroom, 2-bath home situated on a spacious . 50-acre lot. With a newer roof installed in 2023, this gem combines comfort and room to grow. Ideal for first-time homebuyers, investors seeking rental opportunities, or those looking for a cozy second home. Don't miss the chance to turn this property into your dream home sweet home! Back on market due to buyers financing falling through.

27. 2024-08-12
    listed $299,900 Active 418-char remark

    Show marketing remark (418 chars)

    This Beautiful, Move-in-ready 3-bedroom, 2-bath home situated on a spacious . 50-acre lot. With a newer roof installed in 2023, this gem combines comfort and room to grow. Ideal for first-time homebuyers, investors seeking rental opportunities, or those looking for a cozy second home. Don't miss the chance to turn this property into your dream home sweet home! Back on market due to buyers financing falling through.

28. 2016-06-20
    soldstatus $139,000
29. 2016-04-18
    soldstatus $139,000 362-char remark

    Show marketing remark (362 chars)

    Great home in desirable location. Home has open floor plan with all newer paint and carpet. Kitchen is open with slider to back screened porch overlooking privacy & chain-link fenced back yard. Property continues past chain link fence. There are muscadine grapes & blueberry bushes and orange, lemon & satsuma trees. Also has all new duct work.

30. 2014-09-06
    soldstatus $97,500
31. 2003-10-27
    soldstatus $95,000

ⓘ 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: $2,822 · $235/mo
• Projected year-2 tax: $2,822 · $235/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 7/10 Severe
• 🌡 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 5/10 Major 9 unhealthy d/yr today · 10 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,488
• − Mortgage interest: −$17,415
• − Property taxes: −$2,822
• − Insurance: −$1,554
• − Repairs & maintenance: −$1,799
• − Management: −$1,799
• − Depreciation: −$9,044
• Taxable loss: −$11,946
• Est. tax savings @ 24.0%: +$2,867
• After-tax cash flow: $-3,308/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: Columbia
• NCES district ID: 1200360
• Math proficiency: 53% ▼ -10.00%
• Reading proficiency: 54% ▼ -3.00%
• Median HH income: $40,053
• Composite: 44.74/100
• National rank: #2750
• State rank: #25 of 73 in FL

Livability — Lake City

• Score: 73/100
• State rank: #304
• US rank: #5154

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 40,507
• Population (ZIP): 20,644

Population outlook (Columbia County) Hauer SSP2

• Today (2025): 68,129 people
• By 2030: 67,501 · -0.9%
• By 2040: 65,465 · -3.9%
• By 2050: 63,058 · -7.4%
• By 2075: 56,291 · -17.4%
• By 2100: 45,243 · -33.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (78%)
• Race & ethnicity: White 78% Hispanic / Latino 10% Two or more races 7% Black 6% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3%
• Common ancestry: Italian 2% Portuguese 1% Lithuanian 1%
• Foreign-born: 5% · Canada, Jamaica
• Languages at home: 91% English-only · Spanish 8% Vietnamese 1%

Political lean MEDSL · Columbia

• 2024 margin: Solid R (+50.2) · D 24.6% · R 74.7%
• 2008→2024 swing: -16.4pp toward R · 2008: -33.8pp · 2024: -50.2pp
• All cycles: 2024: R+50.2 2020: R+45.2 2016: R+44.5 2012: R+36.7 2008: R+33.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 19.05%
• Current HPI: 269.4659
• 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

+227.3% since first listed

15 events — show timeline

• 2026-04-28 Relisted — NFMLS
• 2026-02-15 Price Changed $310,900 NFMLS
• 2025-11-01 Relisted — NFMLS
• 2025-10-31 Listed $315,900 NFMLS
• 2024-10-21 Sold (Public Records) $289,000 Public Records
• 2024-09-24 Contingent — NFMLS
• 2024-09-20 Sold (MLS) $289,000 NFMLS
• 2024-09-05 Price Changed $289,000 NFMLS
• 2024-08-29 Relisted — NFMLS
• 2024-08-26 Contingent — NFMLS
• 2024-08-12 Listed $299,900 NFMLS
• 2016-06-20 Sold (Public Records) $139,000 Public Records
• 2016-04-18 Sold (MLS) $139,000 NFMLS
• 2014-09-06 Sold (MLS) $97,500 NFMLS
• 2003-10-27 Sold (Public Records) $95,000 Public Records

Property tax history

+5.7%/yr

Latest (2025): $2,822 · -2.4% YoY. Source: county tax records.