23147 NW 181st Pl · High Springs, FL 32643

$235,000

3 bd · 2.0 ba · 1,138 sqft · Land · 356 Days on market

Built 2026 4,499 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 +19.4/30.0
• ARV discount +7.5/15.0
• DSCR +6.1/10.0
• 1% rule +5.2/10.0
• 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

Under Construction. Experience quality craftsmanship and peace of mind in this NEW CONSTRUCTION home! This 3 bedroom/2 bath home is located on a quiet street just down from Catherine Taylor Park and the newly renovated Douglass Community Center. With vaulted ceilings and an open floor plan you’ll enjoy lots of natural lighting throughout the living space and a large Master Suite complete with walk in closet. Highlighted finishes include luxury vinyl plank, ceramic tile, wood cabinets, stone tops and stainless-steel appliances. Conveniently located just under a mile from downtown High Springs & Main Street or jump on I-75 for an easy commute to Gainesville, Newberry or Lake City. No HOA & 1-Year Builder’s Warranty included. Call to schedule your private showing today!

Key facts

• Quiet street
• Open floor plan
• New construction

Tags

• NEW CONSTRUCTION
• QUIET STREET
• CATHERINE TAYLOR PARK
• DOUGLASS COMMUNITY CENTER
• VAULTED CEILINGS
• OPEN FLOOR PLAN

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath land listed at $235k.

Deal economics

• At list price, monthly cash flow is $262 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $235k).
• Recommended offer: $207k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.6% 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; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 1,774 units permitted in Alachua County in 2024 (984 in 5+ unit buildings).
• This rent runs 34% 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 $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

• It's been on market 356 days — a 12% lower offer ($207k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $53k; list at $235k implies a 345% 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 $206,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 356 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: 1.02% ✓
• Cap rate: 7.63%
• Cash-on-cash: 4.77%
• DSCR: 1.21
• GRM: 8.2

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: -8.9%
• Equity multiple: 0.68×
• Total profit: $-21,381
• Equity at exit: $35,039

10-year hold

• IRR: 0.6%
• Equity multiple: 1.05×
• Total profit: $2,984
• Equity at exit: $20,319

Cash invested: $65,800 (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: 8.2×

Monthly cashflow live

• Estimated rent: $2,387 medium
• Mortgage (P&I): −$1,232
• Tax est. 1.5%: −$294 /mo · $3,525/yr
• Insurance: −$98
• HOA: −$0
• Vacancy / Maint / Mgmt: −$501
• Net cashflow: $262

Break-even live

Break-even rent $2,056

Max offer price $235,000

Occupancy floor 84%

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: $58,750
• Closing costs: $7,050
• Reserves months: —
• Total cash needed: —

Rent comps 3 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	0.73mi
17451 Southside Ct High Springs, FL	2.0	1.0	1132	$1,800	$1.59	21d	1	0.82mi
25042 W US Highway 27 High Springs, FL	3.0	1.0	864	$1,500	$1.74	21d	1	1.49mi

Listing history 19 events

1. 2026-06-18
   days on market $235,000 Active 356 DOM
2. 2026-06-17
   days on market $235,000 Active 355 DOM
3. 2026-06-16
   days on market $235,000 Active 354 DOM
4. 2026-06-15
   days on market $235,000 Active 353 DOM
5. 2026-06-14
   days on market $235,000 Active 351 DOM
6. 2026-06-13
   days on market $235,000 Active 350 DOM
7. 2026-06-10
   days on market $235,000 Active 348 DOM
8. 2026-06-09
   days on market $235,000 Active 347 DOM
9. 2026-06-08
   days on market $235,000 Active 346 DOM
10. 2026-06-07
    days on market $235,000 Active 345 DOM
11. 2026-06-05
    days on market $235,000 Active 342 DOM
12. 2026-06-03
    days on market $235,000 Active 341 DOM
13. 2026-06-02
    days on market $235,000 Active 340 DOM
14. 2026-06-01
    days on market $235,000 Active 339 DOM
15. 2026-05-31
    days on market $235,000 Active 338 DOM
16. 2026-05-30
    days on market $235,000 Active 337 DOM
17. 2026-03-13
    price $235,000 801-char remark

    Show marketing remark (801 chars)

    Under Construction. Experience quality craftsmanship and peace of mind in this NEW CONSTRUCTION home! This 3 bedroom/2 bath home is located on a quiet street just down from Catherine Taylor Park and the newly renovated Douglass Community Center. With vaulted ceilings and an open floor plan you’ll enjoy lots of natural lighting throughout the living space and a large Master Suite complete with walk in closet. Highlighted finishes include luxury vinyl plank, ceramic tile, wood cabinets, stone tops and stainless-steel appliances. Conveniently located just under a mile from downtown High Springs & Main Street or jump on I-75 for an easy commute to Gainesville, Newberry or Lake City. No HOA & 1-Year Builder’s Warranty included. Call to schedule your private showing today!

18. 2025-06-27
    listed $239,000 Active 801-char remark

    Show marketing remark (801 chars)

    Under Construction. Experience quality craftsmanship and peace of mind in this NEW CONSTRUCTION home! This 3 bedroom/2 bath home is located on a quiet street just down from Catherine Taylor Park and the newly renovated Douglass Community Center. With vaulted ceilings and an open floor plan you’ll enjoy lots of natural lighting throughout the living space and a large Master Suite complete with walk in closet. Highlighted finishes include luxury vinyl plank, ceramic tile, wood cabinets, stone tops and stainless-steel appliances. Conveniently located just under a mile from downtown High Springs & Main Street or jump on I-75 for an easy commute to Gainesville, Newberry or Lake City. No HOA & 1-Year Builder’s Warranty included. Call to schedule your private showing today!

19. 2006-12-12
    soldstatus $52,857

ⓘ 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 ≥109°F today · 21 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $28,643
• − Mortgage interest: −$13,164
• − Property taxes: −$3,525
• − Insurance: −$1,175
• − Repairs & maintenance: −$2,291
• − Management: −$2,291
• − Depreciation: −$6,836
• Taxable loss: −$640
• Est. tax savings @ 24.0%: +$154
• After-tax cash flow: $3,293/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

+344.6% since first listed

3 events — show timeline

• 2026-03-13 Price Changed $235,000 Stellar MLS as Distributed by MLS Grid
• 2025-06-27 Listed $239,000 Stellar MLS as Distributed by MLS Grid
• 2006-12-12 Sold (Public Records) $52,857 Public Records

Property tax history

+7.7%/yr

Latest (2025): $172 · +42.6% YoY. Source: county tax records.