23187 NW 179 Pl · High Springs, FL 32643

$215,000

3 bd · 2.0 ba · 1,344 sqft · SingleFamily · 128 Days on market

Built 2012 4,356 sqft lot

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Why this score? — see what drove the B- 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 +28.3/30.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• 1% rule +7.3/10.0
• Schools +4.3/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

One or more photo(s) has been virtually staged. This move-in ready 3-bedroom, 2-bath home is located at 23187 NW 179th Place in High Springs and offers a bright, open feel throughout. The kitchen features stainless steel appliances, white cabinetry, a built-in microwave, and granite countertops, along with a charming pass-through opening and bar seating that flows seamlessly into the living area—ideal for everyday living and entertaining. Durable tile flooring runs through the main living spaces, complemented by ceiling fans throughout for added comfort. The home also features a new A/C system replaced in 2025. The primary suite includes a spacious walk-in closet and a private bath with a stand-up shower and granite finishes. Enjoy relaxing mornings or evenings on the covered front porch with classic columns. With a welcoming layout and move-in ready condition, this home offers an easy, comfortable place to settle in and enjoy.

Key facts

• 4,356 sq ft lot
• Built 2012
• Listed 128 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $215k.

Deal economics

• At list price, monthly cash flow is $686 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $215k).
• Recommended offer: $189k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.1% vs local median 4.0% in High Springs — 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 68/100 on livability (#506 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B+; Watch: health & safety D, amenities F, commute 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: 189 active listings in the ZIP; 2 comparable units currently listed for rent nearby; solid renter incomes; 1,774 units permitted in Alachua County in 2024 (984 in 5+ unit buildings).
• This rent runs 38% of the median local income ($83k/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 $1k of loan paydown is wiped out by about $6k 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $60k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 128 days — a 12% lower offer ($189k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 14y ago; this cycle's ask has dropped $30k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $95k; list at $215k implies a 126% gain — meaningful room to come down on a strong offer.

Recommended offer $189,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 128 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. 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?
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: 1.23% ✓
• Cap rate: 10.12%
• Cash-on-cash: 13.67%
• DSCR: 1.61
• GRM: 6.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 3.8%
• Equity multiple: 1.15×
• Total profit: $8,832
• Equity at exit: $32,057

10-year hold

• IRR: 13.3%
• Equity multiple: 2.06×
• Total profit: $63,889
• Equity at exit: $18,589

Cash invested: $60,200 (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 32643

• Home prices YoY: -5.5%
• Active inventory: 189
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $2,640 medium
• Mortgage (P&I): −$1,127
• Tax from tax record: −$183 /mo · $2,195/yr
• Insurance: −$90
• HOA: −$0
• Vacancy / Maint / Mgmt: −$554
• Net cashflow: $686

Break-even live

Break-even rent $1,772

Max offer price $215,000

Occupancy floor 69%

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: $53,750
• Closing costs: $6,450
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
18160 High Springs Main St Unit 1359107P High Springs, FL	2.0	1.0	990	$2,646	$2.67	21d	1	0.66mi
17451 Southside Ct High Springs, FL	2.0	1.0	1132	$1,800	$1.59	21d	1	0.70mi

Listing history 21 events

1. 2026-06-18
   days on market $215,000 Active 128 DOM
2. 2026-06-17
   days on market $215,000 Active 127 DOM
3. 2026-06-16
   days on market $215,000 Active 126 DOM
4. 2026-06-15
   days on market $215,000 Active 125 DOM
5. 2026-06-14
   days on market $215,000 Active 123 DOM
6. 2026-06-13
   days on market $215,000 Active 122 DOM
7. 2026-06-10
   days on market $215,000 Active 120 DOM
8. 2026-06-09
   days on market $215,000 Active 119 DOM
9. 2026-06-08
   days on market $215,000 Active 118 DOM
10. 2026-06-07
    days on market $215,000 Active 117 DOM
11. 2026-06-05
    days on market $215,000 Active 114 DOM
12. 2026-06-03
    days on market $215,000 Active 113 DOM
13. 2026-06-02
    days on market $215,000 Active 112 DOM
14. 2026-06-01
    days on market $215,000 Active 111 DOM
15. 2026-05-31
    days on market $215,000 Active 110 DOM
16. 2026-05-30
    pricedays on market $215,000 Active 109 DOM
17. 2026-04-01
    price $225,000 947-char remark

    Show marketing remark (947 chars)

    One or more photo(s) has been virtually staged. This move-in ready 3-bedroom, 2-bath home is located at 23187 NW 179th Place in High Springs and offers a bright, open feel throughout. The kitchen features stainless steel appliances, white cabinetry, a built-in microwave, and granite countertops, along with a charming pass-through opening and bar seating that flows seamlessly into the living area—ideal for everyday living and entertaining. Durable tile flooring runs through the main living spaces, complemented by ceiling fans throughout for added comfort. The home also features a new A/C system replaced in 2025. The primary suite includes a spacious walk-in closet and a private bath with a stand-up shower and granite finishes. Enjoy relaxing mornings or evenings on the covered front porch with classic columns. With a welcoming layout and move-in ready condition, this home offers an easy, comfortable place to settle in and enjoy.

18. 2026-03-02
    price $235,000 947-char remark

    Show marketing remark (947 chars)

    One or more photo(s) has been virtually staged. This move-in ready 3-bedroom, 2-bath home is located at 23187 NW 179th Place in High Springs and offers a bright, open feel throughout. The kitchen features stainless steel appliances, white cabinetry, a built-in microwave, and granite countertops, along with a charming pass-through opening and bar seating that flows seamlessly into the living area—ideal for everyday living and entertaining. Durable tile flooring runs through the main living spaces, complemented by ceiling fans throughout for added comfort. The home also features a new A/C system replaced in 2025. The primary suite includes a spacious walk-in closet and a private bath with a stand-up shower and granite finishes. Enjoy relaxing mornings or evenings on the covered front porch with classic columns. With a welcoming layout and move-in ready condition, this home offers an easy, comfortable place to settle in and enjoy.

19. 2026-02-10
    listed $245,000 Active 947-char remark

    Show marketing remark (947 chars)

    One or more photo(s) has been virtually staged. This move-in ready 3-bedroom, 2-bath home is located at 23187 NW 179th Place in High Springs and offers a bright, open feel throughout. The kitchen features stainless steel appliances, white cabinetry, a built-in microwave, and granite countertops, along with a charming pass-through opening and bar seating that flows seamlessly into the living area—ideal for everyday living and entertaining. Durable tile flooring runs through the main living spaces, complemented by ceiling fans throughout for added comfort. The home also features a new A/C system replaced in 2025. The primary suite includes a spacious walk-in closet and a private bath with a stand-up shower and granite finishes. Enjoy relaxing mornings or evenings on the covered front porch with classic columns. With a welcoming layout and move-in ready condition, this home offers an easy, comfortable place to settle in and enjoy.

20. 2014-09-04
    soldstatus $95,000 450-char remark

    Show marketing remark (450 chars)

    NEW CONSTRUCTION: 3BR/2BA Douglas Village - Front Porch Community. 9 ft. ceilings, crown molding, granite counter tops, spacious kitchen & 12X12 ceramic tiles. Energy efficient with Low E Double glazed windows, 13 SEER HVAC, 2 solar powered attic roof vents, R-30 in ceilings, & R-13 in exterior walls. Quality home - tastefully decorated. Builder Incentives for qualified buyers. Additional Lots Available to build with other floor plans.

21. 2012-12-10
    listed $95,000 450-char remark

    Show marketing remark (450 chars)

    NEW CONSTRUCTION: 3BR/2BA Douglas Village - Front Porch Community. 9 ft. ceilings, crown molding, granite counter tops, spacious kitchen & 12X12 ceramic tiles. Energy efficient with Low E Double glazed windows, 13 SEER HVAC, 2 solar powered attic roof vents, R-30 in ceilings, & R-13 in exterior walls. Quality home - tastefully decorated. Builder Incentives for qualified buyers. Additional Lots Available to build with other floor plans.

ⓘ 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: $2,195 · $183/mo
• Projected year-2 tax: $2,195 · $183/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Taxation est. · year 1

• Rental income: $31,684
• − Mortgage interest: −$12,043
• − Property taxes: −$2,195
• − Insurance: −$1,075
• − Repairs & maintenance: −$2,535
• − Management: −$2,535
• − Depreciation: −$6,255
• Taxable income: $5,047
• Est. tax owed @ 24.0%: −$1,211
• After-tax cash flow: $7,019/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 — High Springs

• Score: 68/100
• State rank: #506
• US rank: #9346

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: High Springs, FL
• County: Alachua County · 218,005 people
• City population: 11,953
• Metro: Gainesville, FL
• Population (ZIP): 11,953
• Household income: $83,386
• Rent vs Own: 11.1% rent · 88.9% own
• Severe rent burden: 150.0

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: Predominantly White (77%)
• Race & ethnicity: White 77% Black 11% Hispanic / Latino 8% Two or more races 5%
• Hispanic origin (detail): Mexican 1% Cuban 1%
• Common ancestry: Slovak 5% Italian 3% Lithuanian 3%
• Foreign-born: 3% · Canada
• Languages at home: 94% English-only · Spanish 4% Other Indo-European 1% Other Asian/Pacific 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: ▼ -18.02%
• Current HPI: 308.0178
• Rent YoY: —
• 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

+136.8% since first listed

5 events — show timeline

• 2026-04-01 Price Changed $225,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-02 Price Changed $235,000 Stellar MLS as Distributed by MLS Grid
• 2026-02-10 Listed $245,000 Stellar MLS as Distributed by MLS Grid
• 2014-09-04 Sold (MLS) $95,000 Stellar MLS as Distributed by MLS Grid
• 2012-12-10 Listed $95,000 Stellar MLS as Distributed by MLS Grid