427 Center St · Starke, FL 32091

$99,000

3 bd · 1.0 ba · 1,146 sqft · SingleFamily public records · 1 Days on market

Built 1958 Est $197k · 50% under

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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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +3.6/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

INVESTOR SPECIAL - This could be the project you're looking for right in the heart of Starke. Bring your paint brush and turn this historic cottage into your home or make it an income property as a rental. It's a rare fixer-upper with the AC, electric and plumbing already updated. This 3 bedroom and 1 bath home is close to shopping, library, schools and downtown. There is also a 12x20 storage unit and fenced back yard. Priced to sell, schedule your showing today. Sellers are motivated! CASH or Conventional.

Key facts

• Built 1958

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $99k.

Deal economics

• At list price, monthly cash flow is $568 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $99k).
• Cap rate 13.2% vs local median 3.5% in Starke — 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 72/100 on livability (#336 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities D, commute F, employment F.
• Bradford (town): math 43% / reading 42% proficiency, ranked #57 of 73 in FL (top 78%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 60% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 153 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals leasing fast (median 13d on market — plan ~1-2 weeks tenant-placement turnaround); 93 units permitted in Bradford County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $684 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Bradford County population projected at -25% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $28k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 19y 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 $47k; list at $99k implies a 111% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1958 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; severe wildfire risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $99,000

Questions for the listing agent

1. Built in 1958 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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.
4. 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.
5. 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: 1.50% ✓
• Cap rate: 13.18%
• Cash-on-cash: 24.61%
• DSCR: 2.09
• GRM: 5.6

CMA / ARV

• ARV (on-the-fly): $197,112
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
431 Center St	0.01mi	3/2.0	1,176 (+3%)	11mo	$195,000	$166	82
624 N Lake St	0.36mi	3/1.0	1,232 (+8%)	3mo	$185,000	$150	68
762 N Walnut St	0.50mi	3/1.0	1,199 (+5%)	2mo	$150,000	$125	67
602 E Washington St	0.54mi	3/2.0	1,194 (+4%)	8mo	$165,000	$138	57
210 N Saint Clair St	0.48mi	3/2.0	1,234 (+8%)	6mo	$260,000	$211	56
1125 Neil Ct	0.61mi	3/1.0	1,040 (-9%)	4mo	$197,500	$190	53
529 N Water St	0.51mi	3/2.0	1,232 (+8%)	10mo	$255,000	$207	51
1002 N Thompson St	0.69mi	3/1.5	1,075 (-6%)	7mo	$210,000	$195	50
998 N Thompson St	0.66mi	4/2.0 (+1)	1,166 (+2%)	11mo	$208,000	$178	48
424 N Water St	0.50mi	2/1.0 (-1)	1,035 (-10%)	9mo	$119,900	$116	48
1200 Butler Rd	0.71mi	3/2.0	1,216 (+6%)	9mo	$209,000	$172	45
510 N Saint Clair St	0.56mi	3/1.0	984 (-14%)	11mo	$145,000	$147	41

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 18.0%
• Equity multiple: 1.73×
• Total profit: $20,135
• Equity at exit: $14,761

10-year hold

• IRR: 26.4%
• Equity multiple: 3.31×
• Total profit: $64,040
• Equity at exit: $8,560

Cash invested: $27,720 (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 32091

• Home prices YoY: -10.6%
• Active inventory: 153
• Price-to-rent: 5.6×

Monthly cashflow live

• Estimated rent: $1,482 high
• Mortgage (P&I): −$519
• Tax from tax record: −$42 /mo · $501/yr
• Insurance: −$41
• HOA: −$0
• Vacancy / Maint / Mgmt: −$311
• Net cashflow: $568

Break-even live

Break-even rent $762

Max offer price $99,000

Occupancy floor 57%

Sensitivity live

Price	-10% $625	-5% $596	+0% $568	+5% $540	+10% $512
Rent	-10% $451	-5% $510	+0% $568	+5% $627	+10% $686
Rate	-1.0pp $618	-0.5pp $594	base $568	+0.5pp $543	+1.0pp $517

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: $24,750
• Closing costs: $2,970
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
650 E Call St Starke, FL	3.0	2.5	1438	$2,300	$1.60	13d	1	0.48mi
687 S Orange St Starke, FL	2.0	2.0	1200	$1,450	$1.21	13d	1	0.52mi
922 E Brownlee St Starke, FL	2.0	1.0	815	$850	$1.04	13d	2	0.79mi
905 E Thomas St Starke, FL	2.0	1.0	815	$850	$1.04	8d	1	0.79mi
1541 McCollum St Starke, FL	2.0	1.0	900	$1,200	$1.33	14d	1	1.32mi

Listing history 2 events

1. 2026-06-19
   remarks 112-char remark
2. 2026-06-19
   listed $99,000 Active 1 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: $501 · $42/mo
• Projected year-2 tax: $822 · $68/mo
• Expected delta: +$320/yr (+$27/mo · 63.9%)

ⓘ 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 8/10 Severe
• 🌡 Heat 8/10 Severe 7 d/yr ≥107°F today · 20 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,782
• − Mortgage interest: −$5,546
• − Property taxes: −$501
• − Insurance: −$495
• − Repairs & maintenance: −$1,423
• − Management: −$1,423
• − Depreciation: −$2,880
• Taxable income: $5,515
• Est. tax owed @ 24.0%: −$1,324
• After-tax cash flow: $5,498/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: Bradford
• NCES district ID: 1200120
• Math proficiency: 43% ▼ -9.00%
• Reading proficiency: 42% ▼ -3.00%
• Median HH income: $41,661
• Composite: 35.78/100
• National rank: #4840
• State rank: #57 of 73 in FL

Livability — Starke

• Score: 72/100
• State rank: #336
• US rank: #5839

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Starke, FL
• City population: 16,062
• Population (ZIP): 16,062

Population outlook (Bradford County) Hauer SSP2

• Today (2025): 24,999 people
• By 2030: 23,895 · -4.4%
• By 2040: 21,329 · -14.7%
• By 2050: 18,681 · -25.3%
• By 2075: 13,557 · -45.8%
• By 2100: 9,228 · -63.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (69%)
• Race & ethnicity: White 69% Black 20% Hispanic / Latino 6% Two or more races 6%
• Hispanic origin (detail): Puerto Rican 4%
• Common ancestry: Lithuanian 3% Serbian 1% Slovak 1%
• Foreign-born: 3% · Canada, Mexico, Jamaica
• Languages at home: 97% English-only · Spanish 2%

Political lean MEDSL · Bradford

• 2024 margin: Solid R (+57.2) · D 21.1% · R 78.4%
• 2008→2024 swing: -16.9pp toward R · 2008: -40.3pp · 2024: -57.2pp
• All cycles: 2024: R+57.2 2020: R+52.6 2016: R+49.5 2012: R+42.1 2008: R+40.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -36.09%
• Current HPI: 305.3668
• Rent YoY: —
• Metro: —
• 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

+421.1% since first listed

14 events — show timeline

• 2026-06-19 Listed $99,000 FSBO.com
• 2026-02-21 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2026-02-21 Listing Removed — realMLS
• 2025-12-24 Price Changed $110,000 Stellar MLS as Distributed by MLS Grid
• 2025-12-24 Price Changed $110,000 realMLS
• 2025-10-07 Price Changed $120,000 Stellar MLS as Distributed by MLS Grid
• 2025-10-07 Price Changed $120,000 realMLS
• 2025-09-24 Listed $130,000 Stellar MLS as Distributed by MLS Grid
• 2025-09-22 Listed $130,000 realMLS
• 2007-07-19 Sold (Public Records) $47,000 Public Records
• 2007-06-11 Sold (MLS) $47,000 realMLS
• 2007-03-21 Listed $49,900 realMLS
• 1995-10-01 Sold (Public Records) $20,000 Public Records
• 1987-08-01 Sold (Public Records) $19,000 Public Records

Property tax history

-3.7%/yr

Latest (2025): $501 · +5.6% YoY. Source: county tax records.