🏗️ New Construction
6383 June Bug Dr · Bagdad, FL
Flood risk No data
- FEMA flood zone
- —
- Chance of flooding over 30 yrs
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- Est. flood insurance / yr
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Fire risk No data
- Est. fire insurance / yr
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Heat risk No data
- Hot days now (above threshold)
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- Hot days in 30 yrs
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Wind risk No data
- Chance of severe wind over 30 yrs
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Air-quality risk No data
- Unhealthy air days now
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- Unhealthy air days in 30 yrs
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Risk factors via First Street. Map © Google.
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 +14.4/30.0
- ARV discount +7.5/15.0
- Condition / age +4.8/5.0
- Schools +4.5/10.0
- DSCR +4.4/10.0
- 1% rule +3.7/10.0
- Rent growth +3.6/5.0
- Livability +3.4/5.0
- Appreciation +0.0/10.0
$245,900
6383 June Bug Dr · Bagdad, FL 32583
3 bd · 2.0 ba · 1,200 sqft · SingleFamily
public records
· 112 Days on market
Built 2026
6,969 sqft lot
$55/mo HOA · 3% of rent
↓ 2% since listing
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
The Rivers Cove community offers residents: Gorgeous Community Pool, Community Center and a nice Community Playground. The new completed 'CALLAWAY' floorplan is a charming Florida cottage style home with no wasted space, a desirable open design for relaxed living. 3 bedrooms and 2 bathrooms. Easy care beautiful wood-look flooring, delightful kitchen with stainless appliances, quiet dishwasher, smooth top range, built in microwave and pantry. Also included is Fabric hurricane door/window protection and a Smart Home 'Connect' system with several convenient Smart Home Devices you will enjoy. ALL LISTING pictures, colors, features, and size may vary. Square footages are approximate.
Key facts
- Covered front porch
- Pantry
- Under-mount sink
Tags
Neighborhood map
Sold within
Property
Rental comp
Retail
Costco
Walmart
Transit
Schools
Stadiums
Fortune 500
· Circle radius: 6.0 mi
Loading POIs…
🏗️ New construction.
The $245,900 list price is a builder
figure, so every metric below is computed on the value from
comparable previous sales — $250,346.
What this means for you Summary
Snapshot
- This is a 3-bed/2.0-bath single-family listed at $246k. Condition is rated excellent.
Deal economics
- At list price, monthly cash flow is $48 ($580/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 $218k (11.4% below list).
- Recommended offer: $218k (11.4% below list) — sets the bar for 1% rule.
- Cap rate 6.5% vs local median 5.2% in Bagdad — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.
Location & tenants
- Location reads 67/100 on livability (#571 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F, health & safety F.
- Santa Rosa (suburban): math 63% / reading 60% proficiency, ranked #8 of 73 in FL (top 11%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
- Zoned schools: Bagdad Elementary School (math 42% / reading 42%, grade F, #1,403 of 2,144 statewide, top 67%, 498 students, 69% FRL); Hobbs Middle School (math 52% / reading 48%, grade C, #254 of 571 statewide, top 45%, 700 students, 63% FRL); Milton High School (math 44% / reading 42%, grade F, #255 of 667 statewide, top 39%, 2,085 students, 54% FRL) — zoned schools average 62% FRL vs 36% district-wide (26 pts higher); higher-poverty schools than district average — tighter screening recommended.
- Zoned-school proficiency averages 45% at this address vs 62% district-wide (-16 pts) — the specific schools serving this property underperform the Santa Rosa average; the district grade overstates school quality for this exact location.
- Market conditions: Rents rising fast (+4.5%/yr); 1157 active listings in the ZIP; 2 comparable units currently listed for rent nearby; solid renter incomes; 1,983 units permitted in Santa Rosa County in 2024 (128 in 5+ unit buildings).
- This rent runs 31% of the median local income ($85k/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 $8k of value loss. Plan a longer hold.
- Santa Rosa County population projected at +31% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
Negotiation context
- It's been on market 112 days — a 9% lower offer ($224k) is reasonable based on typical stale-listing flexibility.
- 2 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.
Recommended offer
$217,837
(11.4% below list)
Questions for the listing agent
- It's been on market 112 days. Have you received any prior offers? Is the seller open to a 11% concession, seller financing, or rate buy-down credit?
- What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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?
- 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.
- 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.
- 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
- 0.87% ✗
- Cap rate
- 6.52%
- Cash-on-cash
- 0.83%
- DSCR
- 1.04
- GRM
- 9.6
CMA / ARV
- ARV (median comp)
- $250,346
- List price
- $245,900
- Delta
- -1.78%
- Verdict
- FAIR
- Comps
- 20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 6517 Firefly Dr | 0.21mi | 3/2.0 | 1,205 (+0%) | 2mo | $234,900 | $195 | 88 |
| 6509 Firefly Dr | 0.21mi | 3/2.0 | 1,205 (+0%) | 4mo | $244,900 | $203 | 87 |
| 6497 Firefly Dr | 0.21mi | 3/2.0 | 1,205 (+0%) | 4mo | $239,900 | $199 | 86 |
| 6489 Firefly Dr | 0.21mi | 3/2.0 | 1,205 (+0%) | 6mo | $249,900 | $207 | 85 |
| 6481 Firefly Dr | 0.21mi | 3/2.0 | 1,205 (+0%) | 6mo | $245,000 | $203 | 84 |
| 6473 Firefly Dr | 0.21mi | 3/2.0 | 1,205 (+0%) | 7mo | $244,900 | $203 | 84 |
| 6449 Firefly Dr | 0.21mi | 3/2.0 | 1,205 (+0%) | 8mo | $245,000 | $203 | 82 |
| 6461 Firefly Dr | 0.21mi | 3/2.0 | 1,205 (+0%) | 9mo | $240,000 | $199 | 82 |
| 4331 Audiss Rd | 0.28mi | 3/2.0 | 1,153 (-4%) | 5mo | $220,000 | $191 | 76 |
| 6533 Da Lisa Rd | 0.73mi | 3/2.0 | 1,204 (+0%) | 2mo | $132,000 | $110 | 64 |
| 6333 Rice St | 0.65mi | 3/2.0 | 1,215 (+1%) | 7mo | $250,000 | $206 | 62 |
| 6640 Woodbury Forest Dr | 0.67mi | 3/2.0 | 1,307 (+9%) | 9mo | $210,000 | $161 | 46 |
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 · 4.53% rent growth · sell at horizon
5-year hold
- IRR
- -13.3%
- Equity multiple
- 0.51×
- Total profit
- $-34,089
- Equity at exit
- $37,327
10-year hold
- IRR
- -2.2%
- Equity multiple
- 0.84×
- Total profit
- $-11,320
- Equity at exit
- $21,645
Cash invested: $70,097 (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.
Balanced market
Market conditions
within 1.0 mi — comparable homes for sale
Active competition Active MLS
- For sale now
- 24 active · 27 under contract
- Months of supply
- 5.3 mo (19%/mo absorbed)
- Median asking
- $244,900 ($198/sqft)
- Median days on market
- 107 d
- This list price
- 58% of active listings are priced below it
- ARV vs active asking
- +5.2% vs current asking $/sqft
Closed sales set the value; these active listings set current market conditions and a practical price ceiling.
ZIP-level market 32583
- Home prices YoY
- -11.3%
- Rents YoY
- 4.5%
- Active inventory
- 1157
- Price-to-rent
- 9.4×
Monthly cashflow live
↻
- Estimated rent
- $2,178 medium interval (Pro) →
- Mortgage (P&I)
- −$1,313
- Tax from tax record
- −$200 /mo · $2,406/yr
- Insurance
- −$104
- HOA
- −$55
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$457
- Net cashflow
- $48
Break-even live
Break-even rent
$2,117
Max offer price
$250,346
Occupancy floor
93%
Sensitivity live
| Price | -10% $190 | -5% $119 | +0% $48 | +5% $-23 | +10% $-93 |
|---|---|---|---|---|---|
| Rent | -10% $-124 | -5% $-38 | +0% $48 | +5% $134 | +10% $220 |
| Rate | -1.0pp $174 | -0.5pp $112 | base $48 | +0.5pp $-17 | +1.0pp $-83 |
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
- $62,586
- Closing costs
- $7,510
- Club membership (one-time)
- —
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 2 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 6317 Firefly Dr Milton, FL | 4.0 | 2.0 | 1439 | $2,000 | $1.39 | 117d | 1 | 0.25mi |
| 6478 Da Lisa Rd Milton, FL | 3.0 | 2.0 | 1120 | $1,900 | $1.70 | 119d | 1 | 0.69mi |
Property features AI
Finance
- Other
- Private maintained road accessProperty listed by D R Horton Realty of NW Florida, LLC
- HOA & community
- Homeowners association with an annual fee of $655 (includes association services)Community poolCommunity roomSidewalks
Exterior
- Parking
- Driveway with open parking
- Security
- Smoke detector(s)
- Utilities
- Public waterPublic sewerCopper wiring with circuit breakers
- Home design
- New constructionDetached single-family homeOne storySlab foundationFrames constructionShingle roof
- Construction
- Frame constructionBuilt on slab foundationOne-story designShingle roofNew construction
- Exterior features
- Front porchInterior lotPaved roadPrivate maintained road
Interior
- Kitchen
- Laminate countersPantryBuilt-in microwaveDishwasherElectric water heater
- Bedrooms
- Primary bedroom on the first floor (approx. 11.7' x 11.4')
- Flooring
- Vinyl
- Bathrooms
- Two full bathroomsNew construction bathrooms
- Heating & cooling
- Central heatingCentral air conditioning
- Interior features
- BaseboardsDouble pane windowsStorm windowsShutters
- Laundry & utility
- Inside laundry with washer/dryer hookups
HOA detail $55/mo · $660/yr
- Likely covers
- pool
Listing history 50 events
-
2026-09-24days on market $245,900 Active 112 DOM
-
2026-09-23days on market $245,900 Active 111 DOM
-
2026-09-22days on market $245,900 Active 110 DOM
-
2026-09-21days on market $245,900 Active 109 DOM
-
2026-09-20days on market $245,900 Active 108 DOM
-
2026-09-19days on market $245,900 Active 107 DOM
-
2026-09-18days on market $245,900 Active 106 DOM
-
2026-09-17days on market $245,900 Active 105 DOM
-
2026-09-16days on market $245,900 Active 104 DOM
-
2026-09-15days on market $245,900 Active 103 DOM
-
2026-09-14days on market $245,900 Active 102 DOM
-
2026-09-13days on market $245,900 Active 101 DOM
-
2026-09-12days on market $245,900 Active 100 DOM
-
2026-09-11days on market $245,900 Active 99 DOM
-
2026-09-05days on market $245,900 Active 93 DOM
-
2026-09-04days on market $245,900 Active 92 DOM
-
2026-09-03days on market $245,900 Active 91 DOM
-
2026-08-31days on market $245,900 Active 88 DOM
-
2026-08-30days on market $245,900 Active 87 DOM
-
2026-08-29days on market $245,900 Active 86 DOM
-
2026-08-28pricedays on market $245,900 Active 85 DOM
-
2026-08-27days on market $249,900 Active 84 DOM
-
2026-08-26days on market $249,900 Active 83 DOM
-
2026-08-25days on market $249,900 Active 82 DOM
-
2026-08-24days on market $249,900 Active 81 DOM
-
2026-08-23days on market $249,900 Active 80 DOM
-
2026-08-22days on market $249,900 Active 79 DOM
-
2026-08-21days on market $249,900 Active 78 DOM
-
2026-08-20days on market $249,900 Active 77 DOM
-
2026-08-19days on market $249,900 Active 76 DOM
-
2026-08-18days on market $249,900 Active 75 DOM
-
2026-08-17days on market $249,900 Active 74 DOM
-
2026-08-16days on market $249,900 Active 73 DOM
-
2026-08-15days on market $249,900 Active 72 DOM
-
2026-08-14days on market $249,900 Active 71 DOM
-
2026-08-13days on market $249,900 Active 70 DOM
-
2026-08-12days on market $249,900 Active 69 DOM
-
2026-08-11days on market $249,900 Active 68 DOM
-
2026-08-10days on market $249,900 Active 67 DOM
-
2026-08-09days on market $249,900 Active 66 DOM
-
2026-08-08days on market $249,900 Active 65 DOM
-
2026-08-07days on market $249,900 Active 64 DOM
-
2026-08-06days on market $249,900 Active 63 DOM
-
2026-08-05days on market $249,900 Active 62 DOM
-
2026-08-04days on market $249,900 Active 61 DOM
-
2026-08-03days on market $249,900 Active 60 DOM
-
2026-07-31days on market $249,900 Active 57 DOM
-
2026-07-29days on market $249,900 Active 55 DOM
-
2026-07-27days on market $249,900 Active 53 DOM
-
2026-07-25days on market $249,900 Active 51 DOM
ⓘ 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
- $2,406 · $200/mo
- Projected year-2 tax
- $2,406 · $200/mo
- Expected delta
- $0/yr ($0/mo · 0.0%)
ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $26,140
- − Mortgage interest
- −$14,023
- − Property taxes
- −$2,406
- − Insurance
- −$1,252
- − Repairs & maintenance
- −$2,091
- − Management
- −$2,091
- − HOA
- −$660
- − Depreciation
- −$7,283
- Taxable loss
- −$3,665
combined federal + state — saved on this device
- Est. tax savings @ 24.0%
- +$880
- After-tax cash flow
- $1,459/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.
Condition & rehab AI · 12 photos
95/100
None rehab
This home is in excellent condition with modern finishes and a well-maintained exterior. It's move-in ready and would benefit from minor updates to enhance curb appeal and functionality.
Value-add opportunities
- Resale Paint exterior trim — Enhances curb appeal ↑
- Resale Replace window treatments — Freshens look ↑
- Both Install smart home devices — Improves functionality and energy efficiency ↑
F
Composite school gradezoned avg 45/100
Zoned Schools
Elementary
Bagdad Elementary School
F
FL #1,403/2,144
Nat'l #17,861/41,679
Middle
Hobbs Middle School
C
FL #254/571
Nat'l #3,460/14,009
High
Milton High School
F
FL #255/667
Nat'l #7,439/17,239
Schools (NCES district)
- District
- Santa Rosa
- NCES district ID
- 1201650
- Math proficiency
- 63% ▼ -6.00%
- Reading proficiency
- 60% ▼ -5.00%
- Median HH income
- $58,161
- Composite
- 53.12/100
- National rank
- #1511
- State rank
- #8 of 73 in FL
C
Composite livability gradescore 67/100
Livability — Bagdad
- Score
- 67/100
- State rank
- #571
- US rank
- #10887
Category grades
Amenities F
Commute F
Cost of living A+
Crime A+
Employment C
Housing A+
Health & safety F
User ratings A+
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Bagdad, FL
- County
- Santa Rosa County · 195,978 people
- Metro
- Pensacola-Ferry Pass-Brent, FL
- Population (ZIP)
- 31,828
- Household income
- $85,440
- Rent vs Own
- Severe rent burden
- 4% of renters
Population outlook (Santa Rosa County) Hauer SSP2
- Today (2025)
- 195,978 people
- By 2030
- 209,782 · +7.0%
- By 2040
- 235,293 · +20.1%
- By 2050
- 256,408 · +30.8%
- By 2075
- 298,074 · +52.1%
- By 2100
- 303,216 · +54.7%
Race, ethnicity, and origin ACS 2023
- Neighborhood character
- Predominantly White (74%)
- Race & ethnicity
- White 74% Black 11% Two or more races 10% Hispanic / Latino 6% Asian 1%
- Hispanic origin (detail)
- Mexican 3% Puerto Rican 2% Cuban 1%
- Common ancestry
- Italian 3% Slovak 2% Serbian 2%
- Foreign-born
- 3% · Canada
- Languages at home
- 94% English-only · Spanish 3%
Political lean MEDSL · Santa Rosa
- 2024 margin
- Solid R (+51.0) · D 24.1% · R 75.0%
- 2008→2024 swing
- -3.0pp toward R · 2008: -47.9pp · 2024: -51.0pp
- All cycles
- 2024: R+51.0 2020: R+46.5 2016: R+53.5 2012: R+52.6 2008: R+47.9
Not yet ingested
- Civics
- —
Market trends
- HPI YoY
- ▼ -38.35%
- Current HPI
- 301.8819
- Rent YoY
- ▲ 4.53%
- Metro
- Pensacola-Ferry Pass-Brent, 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 |
|
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| Retail | 1 | $60B |
|
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| Technology Distribution | 1 | $58B |
|
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| Homebuilding | 1 | $35B |
|
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| Technology Manufacturing | 1 | $35B |
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Price history
-2.0% since first listed4 events — show timeline
- 2026-06-10 Price Changed $249,900 PARMLS
- 2026-06-10 Price Changed $249,900 ECAR
- 2026-06-04 Listed $254,900 ECAR
- 2026-06-04 Listed $254,900 PARMLS
Property tax history
+354.1%/yrLatest (2025): $2,406 · +577.2% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…