507 S Anderson St · Bunnell, FL 32110

$175,000

3 bd · 1.0 ba · 736 sqft · SingleFamily public records · 110 Days on market

Built 1944 5,001 sqft lot Est $152k · 15% over

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Why this score? — see what drove the D 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 +19.6/30.0
• DSCR +6.2/10.0
• Schools +4.6/10.0
• 1% rule +4.0/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.8/15.0
• Appreciation +0.0/10.0

Listing remarks

USDA eligible -- little to no money down for a qualified buyer! Or, assume the current loan with a low APR. Charming and affordable 3-bedroom, 2-bath home in the heart of Bunnell! Offering 736 square feet of efficient living space, this property had a complete remodel in 2019 with new windows, A/C, flooring, water heater, security system and even a new fence. The metal roof was updated in 2025 —providing peace of mind and low maintenance for years to come. The large back yard offers privacy and room to enjoy the outdoors. Ideal as a rental investment or a perfect starter home opportunity. Bunnell Park is just down the street and the George Washington Carver Community Center is a bloc

Key facts

• Complete remodel
• New flooring
• New water heater

Tags

• COMPLETE REMODEL
• NEW WINDOWS
• NEW A/C
• NEW FLOORING
• NEW WATER HEATER
• NEW FENCE

Property features AI

Finance

• Other: Homestead exempt; Total acreage: 0.11 acres (approx.)
• HOA & community: Not in a development; No HOA indicated

Exterior

• Parking: Paved road access
• Utilities: Public sewer; Water connected; Sewer connected; Electricity connected; Cable connected; Water source: None
• Home design: Single family residence; One story; Faces northeast; Residential zoning (R-2)
• Construction: Block construction; Metal roof; Slab foundation; Built on one level
• Exterior features: Private mailbox; Storage

Interior

• Kitchen: Range; Range hood; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Heat pump; Central air
• Interior features: Kitchen/family room combo; Split bedroom layout; Thermostat
• Laundry & utility: Washer; Dryer; Electric water heater; Laundry located in kitchen

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $175k.

Deal economics

• At list price, monthly cash flow is $201 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $157k (10.1% below list).
• Recommended offer: $157k (10.1% below list) — sets the bar for 1% rule.
• Cap rate 7.7% vs local median 3.5% in Bunnell — 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 71/100 on livability (#378 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, health & safety A+; Watch: amenities F, commute F, employment F.
• Flagler (rural): math 53% / reading 56% proficiency, ranked #20 of 73 in FL (top 27%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 277 active listings in the ZIP; 2,588 units permitted in Flagler County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Flagler County population projected at +28% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 110 days — a 9% lower offer ($159k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 8y ago; this cycle's ask has dropped $10k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $119k; 47% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1944 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: 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 $157,388 (10.1% below list)

Questions for the listing agent

1. It's been on market 110 days. Have you received any prior offers? Is the seller open to a 10% concession, seller financing, or rate buy-down credit?
2. Built in 1944 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.90% ✗
• Cap rate: 7.67%
• Cash-on-cash: 4.93%
• DSCR: 1.22
• GRM: 9.3

CMA / ARV

• ARV (on-the-fly): $152,352
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
811 Hymon Cir	0.22mi	2/1.0 (-1)	759 (+3%)	4mo	$157,000	$207	76
604 Hymon Cir	0.09mi	3/2.0	814 (+11%)	7mo	$105,000	$129	68
103 E Booe St	0.22mi	3/1.0	816 (+11%)	14mo	$172,826	$212	60

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: -8.7%
• Equity multiple: 0.68×
• Total profit: $-15,613
• Equity at exit: $26,093

10-year hold

• IRR: 0.8%
• Equity multiple: 1.05×
• Total profit: $2,596
• Equity at exit: $15,131

Cash invested: $49,000 (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 32110

• Home prices YoY: -22.4%
• Active inventory: 277
• Price-to-rent: 9.3×

Monthly cashflow live

• Estimated rent: $1,574 medium
• Mortgage (P&I): −$918
• Tax from tax record: −$51 /mo · $617/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$331
• Net cashflow: $201

Break-even live

Break-even rent $1,319

Max offer price $175,000

Occupancy floor 82%

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: $43,750
• Closing costs: $5,250
• Reserves months: —
• Total cash needed: —

Listing history 37 events

1. 2026-06-18
   days on market $175,000 Active 110 DOM
2. 2026-06-17
   days on market $175,000 Active 109 DOM
3. 2026-06-16
   days on market $175,000 Active 108 DOM
4. 2026-06-15
   days on market $175,000 Active 107 DOM
5. 2026-06-14
   days on market $175,000 Active 105 DOM
6. 2026-06-13
   days on market $175,000 Active 104 DOM
7. 2026-06-10
   days on market $175,000 Active 102 DOM
8. 2026-06-09
   days on market $175,000 Active 101 DOM
9. 2026-06-08
   days on market $175,000 Active 100 DOM
10. 2026-06-07
    days on market $175,000 Active 99 DOM
11. 2026-06-03
    days on market $175,000 Active 95 DOM
12. 2026-06-02
    days on market $175,000 Active 94 DOM
13. 2026-06-01
    days on market $175,000 Active 93 DOM
14. 2026-05-31
    days on market $175,000 Active 92 DOM
15. 2026-05-11
    price $175,000
16. 2026-03-30
    price $183,000
17. 2026-02-28
    listed $185,000 Active
18. 2025-12-31
    historical
19. 2025-12-31
    historical
20. 2025-05-15
    listed $194,000 Active
21. 2025-05-15
    listed $194,000 Active
22. 2025-03-22
    historical
23. 2025-03-21
    historical
24. 2024-12-23
    price $194,000
25. 2024-12-22
    price $194,000
26. 2024-12-22
    price $194,000
27. 2024-09-25
    listed $199,000 Active
28. 2024-09-23
    listed $199,000 Active
29. 2020-08-18
    soldstatus $119,000
30. 2020-08-14
    soldstatus $119,000
31. 2020-01-16
    listed $118,900
32. 2020-01-12
    historical
33. 2019-11-10
    listed $135,000
34. 2019-07-23
    historical
35. 2019-07-03
    listed $75,000
36. 2018-11-13
    soldstatus $25,000
37. 2018-06-22
    listed $30,100

ⓘ 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: $617 · $51/mo
• Projected year-2 tax: $1,452 · $121/mo
• Expected delta: +$836/yr (+$70/mo · 135.6%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥107°F today · 20 d/yr by 30 yrs out
• 💨 Wind 10/10 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: $18,887
• − Mortgage interest: −$9,803
• − Property taxes: −$617
• − Insurance: −$875
• − Repairs & maintenance: −$1,511
• − Management: −$1,511
• − Depreciation: −$5,091
• Taxable loss: −$521
• Est. tax savings @ 24.0%: +$125
• After-tax cash flow: $2,541/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: Flagler
• NCES district ID: 1200540
• Math proficiency: 53% ▼ -9.00%
• Reading proficiency: 56% ▼ -4.00%
• Median HH income: $48,354
• Composite: 46.35/100
• National rank: #2464
• State rank: #20 of 73 in FL

Livability — Bunnell

• Score: 71/100
• State rank: #378
• US rank: #6714

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bunnell, FL
• Population (ZIP): 9,877

Population outlook (Flagler County) Hauer SSP2

• Today (2025): 123,474 people
• By 2030: 131,864 · +6.8%
• By 2040: 146,176 · +18.4%
• By 2050: 157,398 · +27.5%
• By 2075: 177,990 · +44.2%
• By 2100: 183,381 · +48.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (81%)
• Race & ethnicity: White 81% Black 11% Two or more races 6% Hispanic / Latino 3%
• Common ancestry: Romanian 6% Lithuanian 2% Slovak 2%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 2%

Political lean MEDSL · Flagler

• 2024 margin: Strong R (+28.2) · D 35.6% · R 63.8%
• 2008→2024 swing: -29.8pp toward R · 2008: 1.6pp · 2024: -28.2pp
• All cycles: 2024: R+28.2 2020: R+20.8 2016: R+20.6 2012: R+7.4 2008: D+1.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -78.28%
• Current HPI: 271.446
• 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

+481.4% since first listed

23 events — show timeline

• 2026-05-11 Price Changed $175,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-30 Price Changed $183,000 Stellar MLS as Distributed by MLS Grid
• 2026-02-28 Listed $185,000 Stellar MLS as Distributed by MLS Grid
• 2025-12-31 Listing Removed — Daytona MLS
• 2025-12-31 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-05-15 Listed $194,000 Daytona MLS
• 2025-05-15 Listed $194,000 Stellar MLS as Distributed by MLS Grid
• 2025-03-22 Listing Removed — Daytona MLS
• 2025-03-21 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2024-12-23 Price Changed $194,000 St. Augustine and St. Johns County Board of REALTORS®
• 2024-12-22 Price Changed $194,000 Daytona MLS
• 2024-12-22 Price Changed $194,000 Stellar MLS as Distributed by MLS Grid
• 2024-09-25 Listed $199,000 Daytona MLS
• 2024-09-23 Listed $199,000 Stellar MLS as Distributed by MLS Grid
• 2020-08-18 Sold (Public Records) $119,000 Public Records
• 2020-08-14 Sold (MLS) $119,000 Stellar MLS as Distributed by MLS Grid
• 2020-01-16 Listed $118,900 Stellar MLS as Distributed by MLS Grid
• 2020-01-12 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2019-11-10 Listed $135,000 Stellar MLS as Distributed by MLS Grid
• 2019-07-23 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2019-07-03 Listed $75,000 Stellar MLS as Distributed by MLS Grid
• 2018-11-13 Sold (MLS) $25,000 Stellar MLS as Distributed by MLS Grid
• 2018-06-22 Listed $30,100 Stellar MLS as Distributed by MLS Grid

Property tax history

+1.4%/yr

Latest (2025): $617 · +1.3% YoY. Source: county tax records.