2649 NW County Road 340 · Bell, FL 32619

$249,000

2 bd · 2.0 ba · 1,680 sqft · Manufactured public records · 75 Days on market

Built 1986 2.06 ac lot $148/sqft · 34% below area Est $379k · 34% under

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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).

• ARV discount +15.0/15.0
• Cash flow +11.6/30.0
• Appreciation +10.0/10.0
• Schools +5.3/10.0
• DSCR +3.4/10.0
• Livability +3.1/5.0
• 1% rule +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Welcome to this well-maintained 2 bedroom, 2 bathroom mobile home situated on a spacious 2-acre lot just off CR 340 in Bell. This home features a thoughtfully designed layout that truly maximizes the living space, creating a comfortable and functional flow throughout. The kitchen is equipped with a built-in cooktop and built-in oven, along with a convenient breakfast bar area that's perfect for casual dining or entertaining. The primary suite offers a relaxing retreat with a well-appointed master bath that includes a private shower and toilet room, a large garden tub, and dual sinks, perfect for both comfort and convenience. Outside, you'll find plenty of room to spread out and enjoy the open space, along with a storage shed and an additional outbuilding that could easily serve as a workshop, hobby space, or extra storage. Located in a quiet area with easy access to nearby amenities, this property is ideal for those seeking privacy without sacrificing convenience. Don't miss your opportunity to own your own slice of North Florida living! Call today to schedule your private tour!

Key facts

• Built-in cooktop
• Master bath
• Private shower

Tags

• BUILT-IN COOKTOP
• BUILT-IN OVEN
• BREAKFAST BAR
• MASTER BATH
• PRIVATE SHOWER
• GARDEN TUB

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $249k.

Deal economics

• At list price, monthly cash flow is $-79 ($-948/yr) — negative.
• To cash-flow at today's rent, offer at most $235k (5.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $191k (23.5% below list).
• Recommended offer: $191k (23.5% below list) — sets the bar for 1% rule.
• Cap rate 5.9% vs local median 4.8% in Bell — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 62/100 on livability (#767 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: crime D, health & safety D, amenities F.
• Gilchrist (rural): math 66% / reading 61% proficiency, ranked #9 of 73 in FL (top 12%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 112 active listings in the ZIP; 94 units permitted in Gilchrist County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $27k of equity ($2k loan paydown + $25k appreciation (10.0% local appreciation)).
• Gilchrist County population projected to shrink 6% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $70k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$43k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 75 days — a 6% lower offer ($234k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; major 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 $190,534 (23.5% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 75 days. Have you received any prior offers? Is the seller open to a 23% concession, seller financing, or rate buy-down credit?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 0.77% ✗
• Cap rate: 5.91%
• Cash-on-cash: -1.36%
• DSCR: 0.94
• GRM: 10.9

CMA / ARV

• ARV (median comp): $378,804
• List price: $249,000
• Delta: -34.27%
• Verdict: UNDERPRICED
• Comps: 2 within 1.0 mi

Projected returns pro-forma

9.98% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 23.2%
• Equity multiple: 2.87×
• Total profit: $130,109
• Equity at exit: $223,878

10-year hold

• IRR: 20.7%
• Equity multiple: 6.55×
• Total profit: $386,884
• Equity at exit: $482,333

Cash invested: $69,720 (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 32619

• Home prices YoY: 2.5%
• Active inventory: 112
• Price-to-rent: 10.9×

Monthly cashflow live

• Estimated rent: $1,905 medium
• Mortgage (P&I): −$1,306
• Tax from tax record: −$175 /mo · $2,097/yr
• Insurance: −$104
• HOA: −$0
• Vacancy / Maint / Mgmt: −$400
• Net cashflow: $-79

Break-even live

Break-even rent $2,005

Max offer price $235,039

Occupancy floor 99%

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: $62,250
• Closing costs: $7,470
• Reserves months: —
• Total cash needed: —

Listing history 16 events

1. 2026-06-18
   days on market $249,000 Active 75 DOM
2. 2026-06-17
   days on market $249,000 Active 74 DOM
3. 2026-06-16
   days on market $249,000 Active 73 DOM
4. 2026-06-15
   days on market $249,000 Active 72 DOM
5. 2026-06-14
   days on market $249,000 Active 70 DOM
6. 2026-06-13
   days on market $249,000 Active 69 DOM
7. 2026-06-10
   days on market $249,000 Active 67 DOM
8. 2026-06-09
   days on market $249,000 Active 66 DOM
9. 2026-06-08
   days on market $249,000 Active 65 DOM
10. 2026-06-07
    days on market $249,000 Active 64 DOM
11. 2026-06-05
    days on market $249,000 Active 61 DOM
12. 2026-06-02
    days on market $249,000 Active 59 DOM
13. 2026-06-01
    days on market $249,000 Active 58 DOM
14. 2026-05-31
    days on market $249,000 Active 57 DOM
15. 2026-05-30
    days on market $249,000 Active 56 DOM
16. 2026-04-04
    listed $249,000 Active 1095-char remark

    Show marketing remark (1095 chars)

    Welcome to this well-maintained 2 bedroom, 2 bathroom mobile home situated on a spacious 2-acre lot just off CR 340 in Bell. This home features a thoughtfully designed layout that truly maximizes the living space, creating a comfortable and functional flow throughout. The kitchen is equipped with a built-in cooktop and built-in oven, along with a convenient breakfast bar area that's perfect for casual dining or entertaining. The primary suite offers a relaxing retreat with a well-appointed master bath that includes a private shower and toilet room, a large garden tub, and dual sinks, perfect for both comfort and convenience. Outside, you'll find plenty of room to spread out and enjoy the open space, along with a storage shed and an additional outbuilding that could easily serve as a workshop, hobby space, or extra storage. Located in a quiet area with easy access to nearby amenities, this property is ideal for those seeking privacy without sacrificing convenience. Don't miss your opportunity to own your own slice of North Florida living! Call today to schedule your private tour!

ⓘ 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: $2,097 · $175/mo
• Projected year-2 tax: $2,097 · $175/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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 7/10 Severe
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°F today · 21 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: $22,864
• − Mortgage interest: −$13,948
• − Property taxes: −$2,097
• − Insurance: −$1,245
• − Repairs & maintenance: −$1,829
• − Management: −$1,829
• − Depreciation: −$7,244
• Taxable loss: −$5,327
• Est. tax savings @ 24.0%: +$1,279
• After-tax cash flow: $330/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: Gilchrist
• NCES district ID: 1200630
• Math proficiency: 66% ▼ -4.00%
• Reading proficiency: 61% ▼ -5.00%
• Median HH income: $39,610
• Composite: 53.01/100
• National rank: #1522
• State rank: #9 of 73 in FL

Livability — Bell

• Score: 62/100
• State rank: #767
• US rank: #17229

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 5,227
• Population (ZIP): 5,227

Population outlook (Gilchrist County) Hauer SSP2

• Today (2025): 17,730 people
• By 2030: 17,722 · +-0.0%
• By 2040: 17,393 · -1.9%
• By 2050: 16,597 · -6.4%
• By 2075: 14,300 · -19.3%
• By 2100: 11,498 · -35.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Hispanic / Latino 7% Two or more races 4%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Lithuanian 9% Romanian 3% Scotch-Irish 2%
• Foreign-born: 7% · Canada
• Languages at home: 93% English-only · Spanish 4% German/W. Germanic 2% Tagalog/Filipino 1%

Political lean MEDSL · Gilchrist

• 2024 margin: Solid R (+68.0) · D 15.6% · R 83.6%
• 2008→2024 swing: -21.2pp toward R · 2008: -46.8pp · 2024: -68.0pp
• All cycles: 2024: R+68.0 2020: R+64.0 2016: R+62.8 2012: R+51.0 2008: R+46.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 9.98%
• Current HPI: 404.4164
• 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

1 event — show timeline

• 2026-04-04 Listed $249,000 DGLMLS

Property tax history

+13.4%/yr

Latest (2025): $2,097 · +5.6% YoY. Source: county tax records.