813 Hymon Cir · Bunnell, FL 32110

$189,999

2 bd · 2.0 ba · 1,081 sqft · SingleFamily public records · 22 Days on market

Built 1973 0.28 ac lot Est $209k · 9% under

---

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).

• ARV discount +11.5/15.0
• Cash flow +9.2/30.0
• Schools +4.6/10.0
• Livability +3.6/5.0
• DSCR +2.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks

MOTIVATED SELLER!! Welcome home to a property full of potential and ready for your vision and personal touch. This well-sized home offers a great layout with generous living space, providing the perfect foundation to make it your own. Conveniently located near everyday essentials including shopping, grocery stores, schools, and local amenities, this home offers both comfort and convenience. With select updates as recent as just 3 years ago, you'll find a solid starting point with room to add your own style and upgrades over time. Whether you're a first-time buyer, investor, or someone looking to customize a space to fit your lifestyle, this home is a great opportunity in a desirable and ac

Key facts

• 0.28 acre lot
• Garage
• Built 1973

Property features AI

Exterior

• Parking: Attached garage; Attached carport
• Utilities: Electricity connected; Water connected
• Home design: Single-family residence; One level
• Exterior features: 0.28-acre lot

Interior

• Kitchen: Convection oven; Refrigerator
• Bedrooms: 4 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air
• Interior features: Convection oven; Refrigerator

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $190k.

Deal economics

• At list price, monthly cash flow is $-142 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $165k (13.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $140k (26.4% below list).
• Recommended offer: $140k (26.4% below list) — sets the bar for 1% rule.
• Cap rate 5.4% 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; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); 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 $6k 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 22 days — a 2% lower offer ($187k) 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 4→11/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $139,807 (26.4% 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. Built in 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 0.74% ✗
• Cap rate: 5.39%
• Cash-on-cash: -3.21%
• DSCR: 0.86
• GRM: 11.3

CMA / ARV

• ARV (on-the-fly): $208,633
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
405 N Pine St	0.72mi	2/1.0	1,068 (-1%)	20mo	$200,000	$187	44
307 N Bacher St #0	0.37mi	2/2.0	1,218 (+13%)	23mo	$234,900	$193	42
405 N Cherry St	0.72mi	3/2.0 (+1)	1,200 (+11%)	2mo	$246,000	$205	41
307 N Bacher St	0.68mi	2/2.0	1,218 (+13%)	23mo	$234,900	$193	28

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: -21.7%
• Equity multiple: 0.25×
• Total profit: $-39,881
• Equity at exit: $28,329

10-year hold

• IRR: -15.5%
• Equity multiple: 0.13×
• Total profit: $-46,491
• Equity at exit: $16,428

Cash invested: $53,200 (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: 11.3×

Monthly cashflow live

• Estimated rent: $1,398 medium
• Mortgage (P&I): −$996
• Tax from tax record: −$171 /mo · $2,057/yr
• Insurance: −$79
• HOA: −$0
• Vacancy / Maint / Mgmt: −$294
• Net cashflow: $-142

Break-even live

Break-even rent $1,578

Max offer price $164,832

Occupancy floor —

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: $47,500
• Closing costs: $5,700
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
208 N Cherry St Unit A Bunnell, FL	2.0	1.0	900	$1,400	$1.56	14d	1	0.66mi
300 N Church St Unit A Bunnell, FL	3.0	2.0	1388	$1,395	$1.01	23d	1	0.67mi
72 Zephyr Lily Trl Palm Coast, FL	3.0	2.0	1235	$1,400	$1.13	3d	1	1.47mi

Listing history 16 events

1. 2026-06-18
   days on market $189,999 Active 22 DOM
2. 2026-06-17
   days on market $189,999 Active 21 DOM
3. 2026-06-16
   days on market $189,999 Active 20 DOM
4. 2026-06-15
   days on market $189,999 Active 19 DOM
5. 2026-06-14
   days on market $189,999 Active 17 DOM
6. 2026-06-13
   pricedays on market $189,999 Active 16 DOM
7. 2026-06-10
   days on market $190,000 Active 14 DOM
8. 2026-06-09
   days on market $190,000 Active 13 DOM
9. 2026-06-08
   days on market $190,000 Active 12 DOM
10. 2026-06-07
    days on market $190,000 Active 11 DOM
11. 2026-06-03
    days on market $190,000 Active 7 DOM
12. 2026-06-02
    days on market $190,000 Active 6 DOM
13. 2026-06-01
    pricedays on market $190,000 Active 5 DOM
14. 2026-05-31
    days on market $200,000 Active 4 DOM
15. 2026-05-31
    days on market $200,000 Active 3 DOM
16. 2026-05-27
    listed $200,000 Active

ⓘ 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: $2,057 · $171/mo
• Projected year-2 tax: $2,057 · $171/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 4/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 6/10 Major
• 🌡 Heat 8/10 Severe 4 d/yr ≥107°F today · 11 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: $16,777
• − Mortgage interest: −$10,643
• − Property taxes: −$2,057
• − Insurance: −$950
• − Repairs & maintenance: −$1,342
• − Management: −$1,342
• − Depreciation: −$5,527
• Taxable loss: −$5,084
• Est. tax savings @ 24.0%: +$1,220
• After-tax cash flow: $-489/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

1 event — show timeline

• 2026-05-27 Listed $200,000 realMLS

Property tax history

+19.3%/yr

Latest (2025): $2,057 · +3.9% YoY. Source: county tax records.