2629 NW 29th Ter · Bell, FL 32619

$225,000

3 bd · 2.0 ba · 1,440 sqft · Other · 170 Days on market

Built 2017 1.08 ac lot $156/sqft · at area comps Est $225k · at est.

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Why this score? — see what drove the C 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 +16.5/30.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• Schools +5.3/10.0
• DSCR +5.1/10.0
• 1% rule +4.5/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

This 2017 3-bedroom, 2-bath Townhome sits on a beautiful one-acre lot with mature trees, offering both space and privacy. The kitchen features an island, a large pantry, and abundant cabinetry—perfect for cooking and entertaining. The dining area opens to the outdoors through sliding glass doors, creating an easy flow for indoor-outdoor living. The spacious primary suite includes a private bath with a garden tub, separate shower, and large vanity with dual sinks. Additional bedrooms are nicely sized, making this home ideal for families or guests. The property is conveniently located just minutes from the town of Bell, with grade A schools, and shopping. With easy access from a nearby paved road, this property combines peaceful country living with everyday convenience. Call to schedule your tour of this property !

Key facts

• One acre lot
• Island kitchen
• Sliding glass doors

Tags

• ONE ACRE LOT
• ISLAND KITCHEN
• LARGE PANTRY
• ABUNDANT CABINETRY
• SLIDING GLASS DOORS
• INDOOR OUTDOOR LIVING

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath other listed at $225k.

Deal economics

• At list price, monthly cash flow is $131 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $213k (5.1% below list).
• Recommended offer: $198k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.0% vs local median 4.6% in Bell — 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 (#767 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: crime D, health & safety D, amenities F.
• Gilchrist (rural): math 66% / reading 61% proficiency, ranked #9 of 73 in FL (top 12%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 112 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 94 units permitted in Gilchrist County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $24k of equity ($2k loan paydown + $22k appreciation (10.0% local appreciation)).
• Gilchrist County population projected to shrink 6% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $63k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$39k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 170 days — a 12% lower offer ($198k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts 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 $8k; list at $225k implies a 2712% 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→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $198,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 170 days. Have you received any prior offers? Is the seller open to a 12% 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. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
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: 0.95% ✗
• Cap rate: 6.99%
• Cash-on-cash: 2.50%
• DSCR: 1.11
• GRM: 8.8

CMA / ARV

• ARV (median comp): $225,000
• List price: $225,000
• Delta: —
• Verdict: FAIR
• Comps: 3 within 1.0 mi

Projected returns pro-forma

9.98% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 26.0%
• Equity multiple: 3.07×
• Total profit: $130,568
• Equity at exit: $202,299

10-year hold

• IRR: 22.9%
• Equity multiple: 7.00×
• Total profit: $377,880
• Equity at exit: $435,843

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 32619

• Home prices YoY: 2.5%
• Active inventory: 112
• Price-to-rent: 8.8×

Monthly cashflow live

• Estimated rent: $2,135 medium
• Mortgage (P&I): −$1,180
• Tax est. 1.5%: −$281 /mo · $3,375/yr
• Insurance: −$94
• HOA: −$0
• Vacancy / Maint / Mgmt: −$448
• Net cashflow: $131

Break-even live

Break-even rent $1,968

Max offer price $225,000

Occupancy floor 89%

Sensitivity live

Price	-10% $287	-5% $209	+0% $131	+5% $54	+10% $-24
Rent	-10% $-37	-5% $47	+0% $131	+5% $216	+10% $300
Rate	-1.0pp $245	-0.5pp $189	base $131	+0.5pp $73	+1.0pp $14

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: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1925 N Roberts Trl Bell, FL	3.0	2.0	1478	$2,000	$1.35	21d	1	0.79mi
1901 N Roberts Trl Bell, FL	3.0	2.0	1777	$2,300	$1.29	21d	1	0.81mi

Listing history 19 events

1. 2026-06-18
   days on market $225,000 Active 170 DOM
2. 2026-06-17
   days on market $225,000 Active 169 DOM
3. 2026-06-16
   days on market $225,000 Active 168 DOM
4. 2026-06-15
   days on market $225,000 Active 167 DOM
5. 2026-06-14
   days on market $225,000 Active 165 DOM
6. 2026-06-13
   days on market $225,000 Active 164 DOM
7. 2026-06-10
   days on market $225,000 Active 162 DOM
8. 2026-06-09
   days on market $225,000 Active 161 DOM
9. 2026-06-08
   days on market $225,000 Active 160 DOM
10. 2026-06-07
    days on market $225,000 Active 159 DOM
11. 2026-06-05
    days on market $225,000 Active 156 DOM
12. 2026-06-02
    days on market $225,000 Active 154 DOM
13. 2026-06-01
    days on market $225,000 Active 153 DOM
14. 2026-05-31
    days on market $225,000 Active 152 DOM
15. 2026-05-30
    days on market $225,000 Active 151 DOM
16. 2025-12-30
    listed $225,000 Active 830-char remark

    Show marketing remark (830 chars)

    This 2017 3-bedroom, 2-bath Townhome sits on a beautiful one-acre lot with mature trees, offering both space and privacy. The kitchen features an island, a large pantry, and abundant cabinetry—perfect for cooking and entertaining. The dining area opens to the outdoors through sliding glass doors, creating an easy flow for indoor-outdoor living. The spacious primary suite includes a private bath with a garden tub, separate shower, and large vanity with dual sinks. Additional bedrooms are nicely sized, making this home ideal for families or guests. The property is conveniently located just minutes from the town of Bell, with grade A schools, and shopping. With easy access from a nearby paved road, this property combines peaceful country living with everyday convenience. Call to schedule your tour of this property !

17. 2025-12-30
    listed $225,000 Active 830-char remark

    Show marketing remark (830 chars)

    This 2017 3-bedroom, 2-bath Townhome sits on a beautiful one-acre lot with mature trees, offering both space and privacy. The kitchen features an island, a large pantry, and abundant cabinetry—perfect for cooking and entertaining. The dining area opens to the outdoors through sliding glass doors, creating an easy flow for indoor-outdoor living. The spacious primary suite includes a private bath with a garden tub, separate shower, and large vanity with dual sinks. Additional bedrooms are nicely sized, making this home ideal for families or guests. The property is conveniently located just minutes from the town of Bell, with grade A schools, and shopping. With easy access from a nearby paved road, this property combines peaceful country living with everyday convenience. Call to schedule your tour of this property !

18. 2025-12-29
    listed $225,000 Active
19. 1990-08-13
    soldstatus $8,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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 · 21 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,615
• − Mortgage interest: −$12,603
• − Property taxes: −$3,375
• − Insurance: −$1,125
• − Repairs & maintenance: −$2,049
• − Management: −$2,049
• − Depreciation: −$6,545
• Taxable loss: −$2,132
• Est. tax savings @ 24.0%: +$512
• After-tax cash flow: $2,089/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: Gilchrist
• NCES district ID: 1200630
• Math proficiency: 66% ▼ -4.00%
• Reading proficiency: 61% ▼ -5.00%
• Median HH income: $39,610
• Composite: 53.01/100
• National rank: #1522
• State rank: #9 of 73 in FL

Livability — Bell

• Score: 62/100
• State rank: #767
• US rank: #17229

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 5,227
• Population (ZIP): 5,227

Population outlook (Gilchrist County) Hauer SSP2

• Today (2025): 17,730 people
• By 2030: 17,722 · +-0.0%
• By 2040: 17,393 · -1.9%
• By 2050: 16,597 · -6.4%
• By 2075: 14,300 · -19.3%
• By 2100: 11,498 · -35.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Hispanic / Latino 7% Two or more races 4%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Lithuanian 9% Romanian 3% Scotch-Irish 2%
• Foreign-born: 7% · Canada
• Languages at home: 93% English-only · Spanish 4% German/W. Germanic 2% Tagalog/Filipino 1%

Political lean MEDSL · Gilchrist

• 2024 margin: Solid R (+68.0) · D 15.6% · R 83.6%
• 2008→2024 swing: -21.2pp toward R · 2008: -46.8pp · 2024: -68.0pp
• All cycles: 2024: R+68.0 2020: R+64.0 2016: R+62.8 2012: R+51.0 2008: R+46.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 9.98%
• Current HPI: 404.4164
• 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

+2712.5% since first listed

4 events — show timeline

• 2025-12-30 Listed $225,000 NFMLS
• 2025-12-30 Listed $225,000 Stellar MLS as Distributed by MLS Grid
• 2025-12-29 Listed $225,000 DGLMLS
• 1990-08-13 Sold (Public Records) $8,000 Public Records

Property tax history

+15.0%/yr

Latest (2025): $169 · +10.0% YoY. Source: county tax records.