1317 Carr St · Palatka, FL 32177

$69,900

3 bd · 1.0 ba · 1,045 sqft · SingleFamily public records · 18 Days on market

Built 1930 5,227 sqft lot Est $136k · 49% 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
• Rent growth +3.1/5.0
• Schools +3.0/10.0
• Livability +2.9/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great investment. Currently rented. Needs repairs. Sold as is. House next door also available. Watch for step-up in hallway!! 10' ceilings, wood floors need refinishing.

Key facts

• St johns river
• One story bungalow
• Total restoration

Tags

• ONE STORY BUNGALOW
• EASY ACCESS TO DOWNTOWN
• ST JOHNS RIVER
• RAVINE GARDENS STATE PARK
• TOTAL RESTORATION

Property features AI

Finance

• HOA & community: Not a senior community

Exterior

• Parking: Off-street parking; On-street parking
• Utilities: 100 amp electric service; Public sewer; Cable available; Electricity available and connected; Natural gas available; Sewer connected; Water available and connected
• Home design: Single-family residence; One story; Entry at level 1; South-facing; Property is attached
• Construction: Wood siding; Metal roof
• Exterior features: Front porch; City street frontage; Asphalt road surface; Sidewalks in the community

Interior

• Kitchen: No appliances included
• Bedrooms: 3 bedrooms
• Flooring: Laminate flooring; Wood flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Wall/window air conditioning units; No central heating
• Interior features: Primary bedroom on the ground floor
• Laundry & utility: Unfurnished (no washer/dryer included)

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $70k.

Deal economics

• At list price, monthly cash flow is $693 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $70k).
• Recommended offer: $69k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 58/100 on livability (#839 in FL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing B+; Watch: health & safety C-, crime D, amenities F.
• Putnam (town): math 34% / reading 39% proficiency, ranked #66 of 73 in FL (top 90%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 71% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Palatka Jr - Sr High School (math 13% / reading 30%, grade F, #546 of 667 statewide, top 82%, 1,639 students, 64% FRL).
• Zoned-school proficiency averages 22% at this address vs 36% district-wide (-15 pts) — the specific schools serving this property underperform the Putnam average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising (+2.2%/yr); 319 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 113 units permitted in Putnam County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $483 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Putnam County population projected at -31% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 2.2% rent growth), your $20k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 18 days — a 2% lower offer ($69k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 21y 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 $50k; 40% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: property tax is 3.0% of price; built in 1930 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $68,851 (1.5% below list)

Questions for the listing agent

1. Built in 1930 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Crime grade is D 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?
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: 2.29% ✓
• Cap rate: 18.20%
• Cash-on-cash: 42.52%
• DSCR: 2.89
• GRM: 3.6

CMA / ARV

• ARV (on-the-fly): $135,850
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1304 President St	0.19mi	3/1.0	1,068 (+2%)	1mo	$175,000	$164	86
1510 Laurel St	0.16mi	3/1.0	1,080 (+3%)	4mo	$165,000	$153	84
1510 President St	0.27mi	3/1.0	1,036 (-1%)	6mo	$101,793	$98	82
805 S 15th St	0.29mi	3/1.0	1,054 (+1%)	6mo	$175,000	$166	80
1319 Carr St	0.01mi	4/2.0 (+1)	1,121 (+7%)	0mo	$80,000	$71	78
220 S 14th St	0.10mi	3/2.0	988 (-6%)	7mo	$125,000	$127	76
1001 Cleveland Ave	0.56mi	3/1.0	980 (-6%)	2mo	$125,000	$128	61
2121 Oak St	0.52mi	2/1.0 (-1)	1,110 (+6%)	3mo	$45,000	$41	58
709 N 11th St	0.71mi	3/1.0	1,000 (-4%)	3mo	$156,500	$157	57
2207 Laurel St	0.54mi	2/1.0 (-1)	1,107 (+6%)	4mo	$200,000	$181	57
2213 Gillis St	0.59mi	2/1.0 (-1)	952 (-9%)	7mo	$79,000	$83	46
2404 Crill Ave	0.65mi	2/1.5 (-1)	1,193 (+14%)	3mo	$154,900	$130	37

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 · 2.23% rent growth · sell at horizon

5-year hold

• IRR: 38.4%
• Equity multiple: 2.62×
• Total profit: $31,686
• Equity at exit: $10,422

10-year hold

• IRR: 44.5%
• Equity multiple: 5.08×
• Total profit: $79,809
• Equity at exit: $6,044

Cash invested: $19,572 (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 32177

• Home prices YoY: -28.1%
• Rents YoY: 2.2%
• Active inventory: 319
• Price-to-rent: 3.6×

Monthly cashflow live

• Estimated rent: $1,598 high
• Mortgage (P&I): −$367
• Tax from tax record: −$173 /mo · $2,081/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$336
• Net cashflow: $693

Break-even live

Break-even rent $720

Max offer price $69,900

Occupancy floor 52%

Sensitivity live

Price	-10% $733	-5% $713	+0% $693	+5% $674	+10% $654
Rent	-10% $567	-5% $630	+0% $693	+5% $757	+10% $820
Rate	-1.0pp $729	-0.5pp $711	base $693	+0.5pp $675	+1.0pp $657

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: $17,475
• Closing costs: $2,097
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1510 Laurel St Palatka, FL	3.0	1.0	1080	$1,659	$1.54	5d	1	0.15mi
1010 Bronson St Apt 12 Palatka, FL	2.0	1.0	700	$1,095	$1.56	5d	1	0.65mi
2113 Silver Lake Dr Palatka, FL	2.0	1.0	988	$1,500	$1.52	24d	1	0.73mi
716 Bronson St Palatka, FL	3.0	1.0	900	$1,175	$1.31	24d	1	0.74mi
509 Bronson St Palatka, FL	4.0	2.0	1260	$1,725	$1.37	5d	1	0.83mi
105 N 2nd St Palatka, FL	2.0	2.0	924	$1,650	$1.79	24d	1	0.86mi
1510 Cleveland Ave Palatka, FL	2.0	1.0	916	$1,350	$1.47	24d	1	0.90mi
1511 S Palm Ave Unit 4 Palatka, FL	3.0	1.0	1224	$1,250	$1.02	24d	1	1.21mi
1906 Roselle Ave Palatka, FL	4.0	2.0	1100	$2,100	$1.91	18d	1	1.26mi

Listing history 8 events

1. 2026-05-08
   status Pending
2. 2026-05-01
   status Active
3. 2026-04-23
   historical Active Under Contract
4. 2026-04-20
   listed $69,900 Active
5. 2005-05-27
   soldstatus $49,900 174-char remark

   Show marketing remark (174 chars)

   Great investment. Currently rented. Needs repairs. Sold as is. House next door also available. Watch for step-up in hallway!! 10' ceilings, wood floors need refinishing.

6. 2005-02-05
   listed $39,900 174-char remark

   Show marketing remark (174 chars)

   Great investment. Currently rented. Needs repairs. Sold as is. House next door also available. Watch for step-up in hallway!! 10' ceilings, wood floors need refinishing.

7. 1998-06-03
   soldstatus $40,000
8. 1997-07-01
   soldstatus $35,000

ⓘ 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: $2,081 · $173/mo
• Projected year-2 tax: $2,081 · $173/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 6/10 Major FEMA zone X (unshaded) · 70% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥108°F today · 20 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,178
• − Mortgage interest: −$3,915
• − Property taxes: −$2,081
• − Insurance: −$350
• − Repairs & maintenance: −$1,534
• − Management: −$1,534
• − Depreciation: −$2,033
• Taxable income: $7,730
• Est. tax owed @ 24.0%: −$1,855
• After-tax cash flow: $6,466/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: Putnam
• NCES district ID: 1201620
• Math proficiency: 34% ▼ -10.00%
• Reading proficiency: 39% ▼ -4.00%
• Median HH income: $33,350
• Composite: 29.99/100
• National rank: #6361
• State rank: #66 of 73 in FL

Livability — Palatka

• Score: 58/100
• State rank: #839
• US rank: #20793

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Palatka, FL
• County: Putnam County · 25,645 people
• City population: 25,645
• Metro: Palatka, FL
• Population (ZIP): 25,645
• Household income: $47,796
• Rent vs Own: 32.9% rent · 67.1% own
• Severe rent burden: 806.0

Population outlook (Putnam County) Hauer SSP2

• Today (2025): 65,299 people
• By 2030: 61,255 · -6.2%
• By 2040: 52,930 · -18.9%
• By 2050: 45,051 · -31.0%
• By 2075: 28,720 · -56.0%
• By 2100: 15,852 · -75.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (62%)
• Race & ethnicity: White 62% Black 28% Hispanic / Latino 7% Two or more races 5%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3% Cuban 2%
• Common ancestry: Lithuanian 2% Hispanic 1% Slovak 1%
• Foreign-born: 3% · Canada
• Languages at home: 94% English-only · Spanish 5% French/Haitian/Cajun 1%

Political lean MEDSL · Putnam

• 2024 margin: Solid R (+47.8) · D 25.8% · R 73.6%
• 2008→2024 swing: -28.5pp toward R · 2008: -19.3pp · 2024: -47.8pp
• All cycles: 2024: R+47.8 2020: R+41.2 2016: R+36.6 2012: R+24.5 2008: R+19.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -87.10%
• Current HPI: 223.1966
• Rent YoY: ▲ 2.23%
• Metro: Palatka, 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

+99.7% since first listed

8 events — show timeline

• 2026-05-08 Pending — realMLS
• 2026-05-01 Relisted — realMLS
• 2026-04-23 Contingent — realMLS
• 2026-04-20 Listed $69,900 realMLS
• 2005-05-27 Sold (MLS) $49,900 realMLS
• 2005-02-05 Listed $39,900 realMLS
• 1998-06-03 Sold (Public Records) $40,000 Public Records
• 1997-07-01 Sold (Public Records) $35,000 Public Records

Property tax history

+6.8%/yr

Latest (2025): $2,081 · +6.1% YoY. Source: county tax records.