2110 SW 69th Dr · Gainesville, FL 32607

$149,900

3 bd · 3.0 ba · 1,280 sqft · SingleFamily public records · 27 Days on market

Built 1984 2,178 sqft lot

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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 +26.0/30.0
• DSCR +8.8/10.0
• ARV discount +7.5/15.0
• 1% rule +6.7/10.0
• Schools +4.3/10.0
• Livability +4.0/5.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 2110 SW 69th Drive, a delightful home that beautifully combines comfort and convenience in a prime location. As you step inside, you'll immediately feel the warmth and charm this property has to offer. With 3 spacious bedrooms, this home is perfect for families, guests, or even a cozy home office space. The layout includes 1 full bath and 2 half baths, thoughtfully designed to streamline those busy mornings where everyone needs to get ready at the same time. The heart of the home is the gorgeous kitchen, featuring stunning stone countertops and new cabinetry paired with newer appliances—a true chef's dream! This kitchen invites creativity and functionality, making meal prep not just a chore, but a delightful experience. Outdoor enthusiasts and families will appreciate the fenced backyard, providing a private oasis perfect for kids, pets, or simply relaxing in the fresh air. And with the property backing up to greenspace, you’ll enjoy peaceful views and the beauty of nature right at your doorstep. Convenience continues with private laundry hookups, ensuring you can handle laundry at home without the fuss of laundromats. Plus, the safety treads on the stairs offer an added layer of safety especially if you need to move quickly from level to level. This gem is ideally situated, close to Butler Plaza, Celebration, and Veterans Memorial Park, making it easy to access shopping, dining, and recreational activities. Commuting to the University of Florida, UF Health, VA, and more is a breeze, making this location perfect for professionals and families alike. When it comes to education, the nearby schools are known for their commitment to academic excellence and diverse programs. Many have strong community involvement, and a focus on developing well-rounded students, ensuring your family has access to quality education. In short, this charming townhouse isn’t just a place to live; it’s an opportunity to embrace a lifestyle filled with comfort, community, and convenience. Don’t miss your chance to make it your home! Call for a showing today!

Key facts

• Greenspace views
• Fenced backyard
• Close to celebration

Tags

• FENCED BACKYARD
• GREENSPACE VIEWS
• PRIVATE LAUNDRY HOOKUPS
• CLOSE TO BUTLER PLAZA
• CLOSE TO CELEBRATION
• NEARBY SCHOOLS

What this means for you Summary

Snapshot

• This is a 3-bed/3.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $375 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $148k (1.5% below list) — sets the bar for market timing.

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.
• Market conditions: Rents flat; 245 active listings in the ZIP; 1,774 units permitted in Alachua County in 2024 (984 in 5+ unit buildings).
• At $1,761/mo this rent would consume 46% of the median local household income ($46k/yr) (locally 3418% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k 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

• It's been on market 27 days — a 2% lower offer ($148k) is reasonable based on typical stale-listing flexibility.

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 $147,651 (1.5% 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. 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.
5. 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.
6. 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: 1.17% ✓
• Cap rate: 9.30%
• Cash-on-cash: 10.72%
• DSCR: 1.48
• GRM: 7.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.6% rent growth · sell at horizon

5-year hold

• IRR: -3.0%
• Equity multiple: 0.89×
• Total profit: $-4,543
• Equity at exit: $22,351

10-year hold

• IRR: 3.9%
• Equity multiple: 1.25×
• Total profit: $10,617
• Equity at exit: $12,961

Cash invested: $41,972 (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 32607

• Rents YoY: 0.6%
• Active inventory: 245
• Price-to-rent: 7.1×

Monthly cashflow live

• Estimated rent: $1,761 medium
• Mortgage (P&I): −$786
• Tax from tax record: −$168 /mo · $2,013/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$370
• Net cashflow: $375

Break-even live

Break-even rent $1,286

Max offer price $149,900

Occupancy floor 74%

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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Listing history 2 events

1. 2026-05-19
   status Pending 2107-char remark

   Show marketing remark (2107 chars)

   Welcome to 2110 SW 69th Drive, a delightful home that beautifully combines comfort and convenience in a prime location. As you step inside, you'll immediately feel the warmth and charm this property has to offer. With 3 spacious bedrooms, this home is perfect for families, guests, or even a cozy home office space. The layout includes 1 full bath and 2 half baths, thoughtfully designed to streamline those busy mornings where everyone needs to get ready at the same time. The heart of the home is the gorgeous kitchen, featuring stunning stone countertops and new cabinetry paired with newer appliances—a true chef's dream! This kitchen invites creativity and functionality, making meal prep not just a chore, but a delightful experience. Outdoor enthusiasts and families will appreciate the fenced backyard, providing a private oasis perfect for kids, pets, or simply relaxing in the fresh air. And with the property backing up to greenspace, you’ll enjoy peaceful views and the beauty of nature right at your doorstep. Convenience continues with private laundry hookups, ensuring you can handle laundry at home without the fuss of laundromats. Plus, the safety treads on the stairs offer an added layer of safety especially if you need to move quickly from level to level. This gem is ideally situated, close to Butler Plaza, Celebration, and Veterans Memorial Park, making it easy to access shopping, dining, and recreational activities. Commuting to the University of Florida, UF Health, VA, and more is a breeze, making this location perfect for professionals and families alike. When it comes to education, the nearby schools are known for their commitment to academic excellence and diverse programs. Many have strong community involvement, and a focus on developing well-rounded students, ensuring your family has access to quality education. In short, this charming townhouse isn’t just a place to live; it’s an opportunity to embrace a lifestyle filled with comfort, community, and convenience. Don’t miss your chance to make it your home! Call for a showing today!

2. 2026-04-22
   listed $149,900 Active 2107-char remark

   Show marketing remark (2107 chars)

   Welcome to 2110 SW 69th Drive, a delightful home that beautifully combines comfort and convenience in a prime location. As you step inside, you'll immediately feel the warmth and charm this property has to offer. With 3 spacious bedrooms, this home is perfect for families, guests, or even a cozy home office space. The layout includes 1 full bath and 2 half baths, thoughtfully designed to streamline those busy mornings where everyone needs to get ready at the same time. The heart of the home is the gorgeous kitchen, featuring stunning stone countertops and new cabinetry paired with newer appliances—a true chef's dream! This kitchen invites creativity and functionality, making meal prep not just a chore, but a delightful experience. Outdoor enthusiasts and families will appreciate the fenced backyard, providing a private oasis perfect for kids, pets, or simply relaxing in the fresh air. And with the property backing up to greenspace, you’ll enjoy peaceful views and the beauty of nature right at your doorstep. Convenience continues with private laundry hookups, ensuring you can handle laundry at home without the fuss of laundromats. Plus, the safety treads on the stairs offer an added layer of safety especially if you need to move quickly from level to level. This gem is ideally situated, close to Butler Plaza, Celebration, and Veterans Memorial Park, making it easy to access shopping, dining, and recreational activities. Commuting to the University of Florida, UF Health, VA, and more is a breeze, making this location perfect for professionals and families alike. When it comes to education, the nearby schools are known for their commitment to academic excellence and diverse programs. Many have strong community involvement, and a focus on developing well-rounded students, ensuring your family has access to quality education. In short, this charming townhouse isn’t just a place to live; it’s an opportunity to embrace a lifestyle filled with comfort, community, and convenience. Don’t miss your chance to make it your home! Call for a showing today!

ⓘ 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: $2,013 · $168/mo
• Projected year-2 tax: $2,013 · $168/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 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: $21,135
• − Mortgage interest: −$8,397
• − Property taxes: −$2,013
• − Insurance: −$750
• − Repairs & maintenance: −$1,691
• − Management: −$1,691
• − Depreciation: −$4,361
• Taxable income: $2,233
• Est. tax owed @ 24.0%: −$536
• After-tax cash flow: $3,965/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): 35,720
• Household income: $45,987
• Rent vs Own: 66.0% rent · 34.0% own
• Severe rent burden: 3418.0

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 0.65)
• Race & ethnicity: White 52% Black 22% Hispanic / Latino 17% Two or more races 11% Asian 4%
• Hispanic origin (detail): Mexican 2% Puerto Rican 5% Cuban 2%
• Common ancestry: Italian 2% Romanian 2% Slovak 2%
• Foreign-born: 14% · Canada, Jamaica, China
• Languages at home: 80% English-only · Spanish 12% Other Indo-European 3% French/Haitian/Cajun 1%

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: ▼ -177.86%
• Current HPI: 270.183
• Rent YoY: ▲ 0.60%
• 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

2 events — show timeline

• 2026-05-19 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-22 Listed $149,900 Stellar MLS as Distributed by MLS Grid

Property tax history

+10.1%/yr

Latest (2025): $2,013 · +5.5% YoY. Source: county tax records.