4928 SW 63rd Ct · Gainesville, FL 32608

$239,900

3 bd · 2.0 ba · 1,420 sqft · SingleFamily public records · 4 Days on market

Built 2007 8,712 sqft lot

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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).

• Cash flow +18.4/30.0
• ARV discount +7.5/15.0
• DSCR +5.8/10.0
• Schools +4.3/10.0
• 1% rule +4.2/10.0
• Livability +4.0/5.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Under contract-accepting backup offers. Welcome home to this beautifully maintained 3-bedroom, 2-bathroom home, offering a spacious and inviting layout designed for both everyday living and entertaining. From the moment you step inside, you’ll appreciate the open-concept design that creates a seamless flow throughout the main living areas. The kitchen features newer appliances, making meal prep easy and enjoyable, while staying connected to the heart of the home. Down the hall, you’ll find two comfortable bedrooms with brand-new carpet and abundant natural morning light, along with a fully renovated hall bathroom that adds a fresh, modern touch. The owner’s suite provides

Key facts

• Open-concept design
• En suite bathroom
• Walk-in closet

Tags

• OPEN-CONCEPT DESIGN
• NEWER APPLIANCES
• FULLY RENOVATED HALL BATHROOM
• EN SUITE BATHROOM
• WALK-IN CLOSET
• SCREENED-IN PATIO

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $240k.

Deal economics

• At list price, monthly cash flow is $224 ($3k/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 $221k (8.0% below list).
• Recommended offer: $221k (8.0% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 81/100 on livability (#97 in FL, #1,480 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+; Watch: employment D+, crime F.
• Alachua (urban): math 49% / reading 54% proficiency, ranked #30 of 73 in FL (top 41%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Kimball Wiles Elementary School (math 67% / reading 64%, grade B+, #500 of 2,144 statewide, top 24%, 862 students, 48% FRL); F. W. Buchholz High School (math 49% / reading 66%, grade C, #125 of 667 statewide, top 19%, 2,540 students, 36% FRL).
• Market conditions: Rents rising (+2.9%/yr); 604 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); 1,774 units permitted in Alachua County in 2024 (984 in 5+ unit buildings).
• This rent runs 43% of the median local income ($62k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

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.
• Alachua County population projected at +26% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 8 sale attempts since 29y 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 $89k; list at $240k implies a 170% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: moderate flood risk; 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 $220,711 (8.0% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. Crime grade is F 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?
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: 0.92% ✗
• Cap rate: 7.41%
• Cash-on-cash: 4.00%
• DSCR: 1.18
• GRM: 9.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.89% rent growth · sell at horizon

5-year hold

• IRR: -10.2%
• Equity multiple: 0.63×
• Total profit: $-24,926
• Equity at exit: $35,770

10-year hold

• IRR: -1.0%
• Equity multiple: 0.93×
• Total profit: $-4,573
• Equity at exit: $20,742

Cash invested: $67,172 (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 32608

• Rents YoY: 2.9%
• Active inventory: 604
• Price-to-rent: 9.1×

Monthly cashflow live

• Estimated rent: $2,207 medium
• Mortgage (P&I): −$1,258
• Tax from tax record: −$162 /mo · $1,944/yr
• Insurance: −$100
• HOA: −$0
• Vacancy / Maint / Mgmt: −$463
• Net cashflow: $224

Break-even live

Break-even rent $1,924

Max offer price $239,900

Occupancy floor 85%

Sensitivity live

Price	-10% $359	-5% $292	+0% $224	+5% $156	+10% $88
Rent	-10% $49	-5% $136	+0% $224	+5% $311	+10% $398
Rate	-1.0pp $344	-0.5pp $285	base $224	+0.5pp $161	+1.0pp $98

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: $59,975
• Closing costs: $7,197
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5333 SW 75th St Gainesville, FL	2.0–3.0	2.0–2.5	1349	$2,189	$1.62	22d	1	0.59mi
6001 SW 75th Ter Gainesville, FL	1.0–3.0	1.0–2.0	1119	$1,975	$1.76	15d	17	0.83mi
4781 SW 36th Rd Gainesville, FL	1.0–3.0	1.0–2.0	1137	$3,020	$2.66	15d	61	1.32mi

Listing history 18 events

1. 2026-04-22
   status Pending
2. 2026-04-17
   listed $239,900 Active
3. 2013-12-26
   historical
4. 2013-06-26
   listed $134,900
5. 2012-06-22
   historical
6. 2011-09-23
   soldstatus $89,000
7. 2011-06-23
   listed $99,900
8. 2010-07-14
   listed $129,000
9. 2007-08-24
   soldstatus $200,000
10. 2007-02-18
    listed $194,000
11. 2005-09-06
    soldstatus $22,000
12. 2005-08-31
    soldstatus $22,000
13. 2005-07-09
    listed $34,900
14. 2005-06-30
    historical
15. 2005-01-15
    listed $39,500
16. 1997-08-08
    soldstatus $12,900
17. 1997-03-13
    listed $12,900
18. 1987-08-01
    soldstatus $13,500

ⓘ 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: $1,944 · $162/mo
• Projected year-2 tax: $1,991 · $166/mo
• Expected delta: +$48/yr (+$4/mo · 2.4%)

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

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (unshaded) · 24% 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 4 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,485
• − Mortgage interest: −$13,438
• − Property taxes: −$1,944
• − Insurance: −$1,200
• − Repairs & maintenance: −$2,119
• − Management: −$2,119
• − Depreciation: −$6,979
• Taxable loss: −$1,312
• Est. tax savings @ 24.0%: +$315
• After-tax cash flow: $2,999/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: Alachua
• NCES district ID: 1200030
• Math proficiency: 49% ▼ -9.00%
• Reading proficiency: 54% ▼ -3.00%
• Median HH income: $42,683
• Composite: 43.31/100
• National rank: #3038
• State rank: #30 of 73 in FL

Livability — Gainesville

• Score: 81/100
• State rank: #97
• US rank: #1480

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Alachua County · 218,005 people
• City population: 188,348
• Metro: Gainesville, FL
• Population (ZIP): 54,566
• Household income: $61,588
• Rent vs Own: 58.7% rent · 41.3% own
• Severe rent burden: 4709.0

Population outlook (Alachua County) Hauer SSP2

• Today (2025): 289,834 people
• By 2030: 305,873 · +5.5%
• By 2040: 335,246 · +15.7%
• By 2050: 364,719 · +25.8%
• By 2075: 436,665 · +50.7%
• By 2100: 482,920 · +66.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.64)
• Race & ethnicity: White 55% Hispanic / Latino 16% Black 13% Asian 12% Two or more races 11%
• Hispanic origin (detail): Mexican 2% Puerto Rican 4% Cuban 4%
• Common ancestry: Slovak 2% Italian 2% Romanian 2%
• Foreign-born: 19% · Canada, China, South Korea
• Languages at home: 75% English-only · Spanish 10% Other Indo-European 5% Chinese 3%

Political lean MEDSL · Alachua

• 2024 margin: Strong D (+21.0) · D 59.7% · R 38.8% · Other 1.5%
• 2008→2024 swing: -0.6pp no change · 2008: 21.6pp · 2024: 21.0pp
• All cycles: 2024: D+21.0 2020: D+27.2 2016: D+22.5 2012: D+17.3 2008: D+21.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -150.91%
• Current HPI: 253.0629
• Rent YoY: ▲ 2.89%
• Metro: Gainesville, 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

+1677.0% since first listed

18 events — show timeline

• 2026-04-22 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-17 Listed $239,900 Stellar MLS as Distributed by MLS Grid
• 2013-12-26 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2013-06-26 Listed $134,900 Stellar MLS as Distributed by MLS Grid
• 2012-06-22 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2011-09-23 Sold (MLS) $89,000 Stellar MLS as Distributed by MLS Grid
• 2011-06-23 Listed $99,900 Stellar MLS as Distributed by MLS Grid
• 2010-07-14 Listed $129,000 Stellar MLS as Distributed by MLS Grid
• 2007-08-24 Sold (MLS) $200,000 Stellar MLS as Distributed by MLS Grid
• 2007-02-18 Listed $194,000 Stellar MLS as Distributed by MLS Grid
• 2005-09-06 Sold (Public Records) $22,000 Public Records
• 2005-08-31 Sold (MLS) $22,000 Stellar MLS as Distributed by MLS Grid
• 2005-07-09 Listed $34,900 Stellar MLS as Distributed by MLS Grid
• 2005-06-30 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2005-01-15 Listed $39,500 Stellar MLS as Distributed by MLS Grid
• 1997-08-08 Sold (MLS) $12,900 Stellar MLS as Distributed by MLS Grid
• 1997-03-13 Listed $12,900 Stellar MLS as Distributed by MLS Grid
• 1987-08-01 Sold (Public Records) $13,500 Public Records

Property tax history

+4.3%/yr

Latest (2025): $1,944 · +2.7% YoY. Source: county tax records.