24381 NW 10th Rd · Newberry, FL 32669

$286,990

4 bd · 2.0 ba · 1,605 sqft · SingleFamily · 59 Days on market

Built 2026 Excellent condition 5,227 sqft lot $100/mo HOA · 3% of rent

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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 +17.4/30.0
• ARV discount +7.5/15.0
• DSCR +5.4/10.0
• 1% rule +5.1/10.0
• Condition / age +5.0/5.0
• Schools +4.3/10.0
• Rent growth +3.4/5.0
• Livability +3.4/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome inside the Harper, a single-story, four bedroom and two bathroom home, offering 1,665 square feet of luxurious living space. The open-concept layout seamlessly connects the living room, dining area, and kitchen, creating a perfect space for entertaining with family and friends. With ample room for seating, it's an ideal spot for relaxation and gatherings. The kitchen features quartz countertops, stainless steel appliances, and a kitchen island. Whether you're preparing a casual meal or hosting a formal dinner, this kitchen is well-equipped to meet your culinary needs. The primary suite features a private ensuite bathroom with a double vanity and spacious walk-in closet. The remaining three bedrooms share a bathroom, and have carpeted floors and closets in each room. The Harper also includes a two-car garage and dedicated laundry room with a washer and dryer hook up. The Harper is complete with a state-of-the-art smart home system. Pictures, photographs, colors, features, and sizes are for illustration purposes only and will vary from the homes as built. Home and community information including pricing, included features, terms, availability and amenities are subject to change and prior sale at any time without notice or obligation. CRC057592

Key facts

• Double vanity
• Quartz countertops
• Kitchen island

Tags

• OPEN-CONCEPT LAYOUT
• QUARTZ COUNTERTOPS
• STAINLESS STEEL APPLIANCES
• KITCHEN ISLAND
• PRIVATE ENSUITE BATHROOM
• DOUBLE VANITY

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $287k. Condition is rated excellent.

Deal economics

• At list price, monthly cash flow is $217 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $287k).
• Recommended offer: $278k (3.0% below list) — sets the bar for market timing.
• Cap rate 7.2% vs local median 4.2% in Newberry — 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 (#524 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A-; 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: Rents rising (+3.6%/yr); 418 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 35% of the median local income ($100k/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 $9k 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 59 days — a 3% lower offer ($278k) 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 $278,380 (3.0% below list)

Questions for the listing agent

1. It's been on market 59 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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: 1.01% ✓
• Cap rate: 7.20%
• Cash-on-cash: 3.24%
• DSCR: 1.14
• GRM: 8.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.57% rent growth · sell at horizon

5-year hold

• IRR: -10.5%
• Equity multiple: 0.62×
• Total profit: $-30,904
• Equity at exit: $42,791

10-year hold

• IRR: -0.3%
• Equity multiple: 0.98×
• Total profit: $-1,721
• Equity at exit: $24,814

Cash invested: $80,357 (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 32669

• Home prices YoY: -22.1%
• Rents YoY: 3.6%
• Active inventory: 418
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $2,912 medium
• Mortgage (P&I): −$1,505
• Tax est. 1.5%: −$359 /mo · $4,305/yr
• Insurance: −$120
• HOA: −$100
• Vacancy / Maint / Mgmt: −$611
• Net cashflow: $217

Break-even live

Break-even rent $2,637

Max offer price $286,990

Occupancy floor 88%

Sensitivity live

Price	-10% $415	-5% $316	+0% $217	+5% $118	+10% $19
Rent	-10% $-13	-5% $102	+0% $217	+5% $332	+10% $447
Rate	-1.0pp $361	-0.5pp $290	base $217	+0.5pp $143	+1.0pp $67

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: $71,748
• Closing costs: $8,610
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1100 NW 248th Dr Newberry, FL	4.0	2.5	2148	$2,600	$1.21	22d	1	0.23mi
2181 NW 247th Dr Newberry, FL	4.0	2.0	1768	$2,475	$1.40	22d	1	0.82mi

HOA detail

• Monthly dues: $100 · $1,200/yr

Listing history 20 events

1. 2026-06-18
   days on market $286,990 Active 59 DOM
2. 2026-06-17
   price $286,990 Active 58 DOM
3. 2026-06-17
   days on market $289,990 Active 58 DOM
4. 2026-06-16
   days on market $289,990 Active 57 DOM
5. 2026-06-15
   days on market $289,990 Active 56 DOM
6. 2026-06-14
   days on market $289,990 Active 54 DOM
7. 2026-06-13
   pricedays on market $289,990 Active 53 DOM
8. 2026-06-10
   days on market $295,990 Active 51 DOM
9. 2026-06-09
   days on market $295,990 Active 50 DOM
10. 2026-06-08
    days on market $295,990 Active 49 DOM
11. 2026-06-07
    days on market $295,990 Active 48 DOM
12. 2026-06-05
    days on market $295,990 Active 45 DOM
13. 2026-06-03
    days on market $295,990 Active 44 DOM
14. 2026-06-03
    price $295,990 Active 43 DOM
15. 2026-06-02
    days on market $296,070 Active 43 DOM
16. 2026-06-01
    days on market $296,070 Active 42 DOM
17. 2026-05-31
    days on market $296,070 Active 41 DOM
18. 2026-05-30
    days on market $296,070 Active 40 DOM
19. 2026-04-21
    listed $296,070 Active 1269-char remark

    Show marketing remark (1269 chars)

    Welcome inside the Harper, a single-story, four bedroom and two bathroom home, offering 1,665 square feet of luxurious living space. The open-concept layout seamlessly connects the living room, dining area, and kitchen, creating a perfect space for entertaining with family and friends. With ample room for seating, it's an ideal spot for relaxation and gatherings. The kitchen features quartz countertops, stainless steel appliances, and a kitchen island. Whether you're preparing a casual meal or hosting a formal dinner, this kitchen is well-equipped to meet your culinary needs. The primary suite features a private ensuite bathroom with a double vanity and spacious walk-in closet. The remaining three bedrooms share a bathroom, and have carpeted floors and closets in each room. The Harper also includes a two-car garage and dedicated laundry room with a washer and dryer hook up. The Harper is complete with a state-of-the-art smart home system. Pictures, photographs, colors, features, and sizes are for illustration purposes only and will vary from the homes as built. Home and community information including pricing, included features, terms, availability and amenities are subject to change and prior sale at any time without notice or obligation. CRC057592

20. 2026-04-20
    listed $296,070 Active 1289-char remark

    Show marketing remark (1289 chars)

    Under Construction. Welcome inside the Harper, a single-story, four bedroom and two bathroom home, offering 1,665 square feet of luxurious living space. The open-concept layout seamlessly connects the living room, dining area, and kitchen, creating a perfect space for entertaining with family and friends. With ample room for seating, it's an ideal spot for relaxation and gatherings. The kitchen features quartz countertops, stainless steel appliances, and a kitchen island. Whether you're preparing a casual meal or hosting a formal dinner, this kitchen is well-equipped to meet your culinary needs. The primary suite features a private ensuite bathroom with a double vanity and spacious walk-in closet. The remaining three bedrooms share a bathroom, and have carpeted floors and closets in each room. The Harper also includes a two-car garage and dedicated laundry room with a washer and dryer hook up. The Harper is complete with a state-of-the-art smart home system. Pictures, photographs, colors, features, and sizes are for illustration purposes only and will vary from the homes as built. Home and community information including pricing, included features, terms, availability and amenities are subject to change and prior sale at any time without notice or obligation. CRC057592

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $34,940
• − Mortgage interest: −$16,076
• − Property taxes: −$4,305
• − Insurance: −$1,435
• − Repairs & maintenance: −$2,795
• − Management: −$2,795
• − HOA: −$1,200
• − Depreciation: −$8,349
• Taxable loss: −$2,015
• Est. tax savings @ 24.0%: +$483
• After-tax cash flow: $3,087/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 · 11 photos

Excellent 100/100 None rehab

This single-story home is under construction and is already in excellent condition. It offers a luxurious open-concept layout, modern finishes, and ample space for entertaining and relaxation. The home is move-in ready and will be a great investment for both resale and rental.

Value-add opportunities

• Both Painting exterior and interior walls — Fresh paint enhances curb appeal and interior aesthetics
• Both Landscaping and curb appeal improvements — Enhances curb appeal and adds value
• Both Add smart home features — Improves convenience and adds value for both resale and rental

Renovation cost estimate screening

Value-add ROI direction

• Both Painting exterior and interior walls — Fresh paint enhances curb appeal and interior aesthetics ↑
• Both Landscaping and curb appeal improvements — Enhances curb appeal and adds value ↑
• Both Add smart home features — Improves convenience and adds value for both resale and rental ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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 — Newberry

• Score: 68/100
• State rank: #524
• US rank: #9753

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Newberry, FL
• County: Alachua County · 218,005 people
• City population: 17,704
• Metro: Gainesville, FL
• Population (ZIP): 17,704
• Household income: $99,548
• Rent vs Own: 12.5% rent · 87.5% own
• Severe rent burden: 161.0

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 0.59)
• Race & ethnicity: White 61% Hispanic / Latino 15% Two or more races 14% Black 13% Asian 6%
• Hispanic origin (detail): Mexican 3% Puerto Rican 6%
• Common ancestry: Slovak 4% Romanian 3% Lithuanian 2%
• Foreign-born: 9% · Canada, Jamaica
• Languages at home: 86% English-only · Spanish 10% Other Indo-European 2% Other Asian/Pacific 2%

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: ▼ -74.83%
• Current HPI: 263.4335
• Rent YoY: ▲ 3.57%
• 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

+0.0% since first listed

2 events — show timeline

• 2026-04-21 Listed $296,070 Zillow
• 2026-04-20 Listed $296,070 Stellar MLS as Distributed by MLS Grid