6104 NW 268th Ter · Newberry, FL 32669

$94,000

3 bd · 2.0 ba · 924 sqft · Manufactured public records · 73 Days on market

Built 1985 5.00 ac lot ↓ 14% since listing

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• Rent growth +3.4/5.0
• Livability +3.4/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

5 Acres | Alachua County | Utilities In Place | Priced to Move Grab this rare opportunity to own 5 acres of rural Alachua County land at a price well below market. Located off NW 268th Terrace in Newberry, FL, this parcel delivers the space, privacy, and potential that savvy buyers and investors are actively searching for. An existing well, septic system, and electric hookup are already on site from the previous mobile home — a significant head start for anyone looking to build, develop, or place a new manufactured home. The old mobile home will need to be demoed, making this essentially a clean-slate opportunity with infrastructure already in the ground. Whether you're looking to build your forever home, establish a homestead, or hold as a long-term land investment — 5 acres in Alachua County at this price point won't last.

Key facts

• Utilities in place
• Electric hookup
• 5 acres

Tags

• 5 ACRES
• UTILITIES IN PLACE
• EXISTING WELL
• SEPTIC SYSTEM
• ELECTRIC HOOKUP

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $94k.

Deal economics

• At list price, monthly cash flow is $1k ($12k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $94k).
• Recommended offer: $88k (6.0% below list) — sets the bar for market timing.
• Cap rate 19.4% 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; solid renter incomes; 1,774 units permitted in Alachua County in 2024 (984 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $650 of loan paydown is wiped out by about $3k 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.
• At projected returns (-3.0% appreciation + 3.6% rent growth), your $26k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 73 days — a 6% lower offer ($88k) 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 6→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $88,360 (6.0% below list)

Questions for the listing agent

1. It's been on market 73 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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: 2.23% ✓
• Cap rate: 19.43%
• Cash-on-cash: 46.91%
• DSCR: 3.09
• GRM: 3.7

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: 44.9%
• Equity multiple: 2.96×
• Total profit: $51,535
• Equity at exit: $14,016

10-year hold

• IRR: 51.0%
• Equity multiple: 6.11×
• Total profit: $134,373
• Equity at exit: $8,127

Cash invested: $26,320 (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: 3.7×

Monthly cashflow live

• Estimated rent: $2,100 medium
• Mortgage (P&I): −$493
• Tax from tax record: −$98 /mo · $1,177/yr
• Insurance: −$39
• HOA: −$0
• Vacancy / Maint / Mgmt: −$441
• Net cashflow: $1,029

Break-even live

Break-even rent $798

Max offer price $94,000

Occupancy floor 46%

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: $23,500
• Closing costs: $2,820
• Reserves months: —
• Total cash needed: —

Listing history 17 events

1. 2026-06-17
   status $94,000 Pending 73 DOM
2. 2026-06-15
   days on market $94,000 Active 73 DOM
3. 2026-06-14
   days on market $94,000 Active 71 DOM
4. 2026-06-13
   days on market $94,000 Active 70 DOM
5. 2026-06-10
   days on market $94,000 Active 68 DOM
6. 2026-06-09
   days on market $94,000 Active 67 DOM
7. 2026-06-08
   days on market $94,000 Active 66 DOM
8. 2026-06-07
   days on market $94,000 Active 65 DOM
9. 2026-06-05
   days on market $94,000 Active 62 DOM
10. 2026-06-03
    days on market $94,000 Active 61 DOM
11. 2026-06-02
    days on market $94,000 Active 60 DOM
12. 2026-06-01
    days on market $94,000 Active 59 DOM
13. 2026-05-31
    days on market $94,000 Active 58 DOM
14. 2026-05-30
    days on market $94,000 Active 57 DOM
15. 2026-05-18
    price $94,000 851-char remark

    Show marketing remark (851 chars)

    5 Acres | Alachua County | Utilities In Place | Priced to Move Grab this rare opportunity to own 5 acres of rural Alachua County land at a price well below market. Located off NW 268th Terrace in Newberry, FL, this parcel delivers the space, privacy, and potential that savvy buyers and investors are actively searching for. An existing well, septic system, and electric hookup are already on site from the previous mobile home — a significant head start for anyone looking to build, develop, or place a new manufactured home. The old mobile home will need to be demoed, making this essentially a clean-slate opportunity with infrastructure already in the ground. Whether you're looking to build your forever home, establish a homestead, or hold as a long-term land investment — 5 acres in Alachua County at this price point won't last.

16. 2026-05-08
    price $99,000 851-char remark

    Show marketing remark (851 chars)

    5 Acres | Alachua County | Utilities In Place | Priced to Move Grab this rare opportunity to own 5 acres of rural Alachua County land at a price well below market. Located off NW 268th Terrace in Newberry, FL, this parcel delivers the space, privacy, and potential that savvy buyers and investors are actively searching for. An existing well, septic system, and electric hookup are already on site from the previous mobile home — a significant head start for anyone looking to build, develop, or place a new manufactured home. The old mobile home will need to be demoed, making this essentially a clean-slate opportunity with infrastructure already in the ground. Whether you're looking to build your forever home, establish a homestead, or hold as a long-term land investment — 5 acres in Alachua County at this price point won't last.

17. 2026-04-03
    listed $109,900 Active 851-char remark

    Show marketing remark (851 chars)

    5 Acres | Alachua County | Utilities In Place | Priced to Move Grab this rare opportunity to own 5 acres of rural Alachua County land at a price well below market. Located off NW 268th Terrace in Newberry, FL, this parcel delivers the space, privacy, and potential that savvy buyers and investors are actively searching for. An existing well, septic system, and electric hookup are already on site from the previous mobile home — a significant head start for anyone looking to build, develop, or place a new manufactured home. The old mobile home will need to be demoed, making this essentially a clean-slate opportunity with infrastructure already in the ground. Whether you're looking to build your forever home, establish a homestead, or hold as a long-term land investment — 5 acres in Alachua County at this price point won't last.

ⓘ 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: $1,177 · $98/mo
• Projected year-2 tax: $1,177 · $98/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 6 d/yr ≥108°F today · 19 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: $25,202
• − Mortgage interest: −$5,265
• − Property taxes: −$1,177
• − Insurance: −$470
• − Repairs & maintenance: −$2,016
• − Management: −$2,016
• − Depreciation: −$2,735
• Taxable income: $11,523
• Est. tax owed @ 24.0%: −$2,766
• After-tax cash flow: $9,582/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: 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

• 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

-14.5% since first listed

3 events — show timeline

• 2026-05-18 Price Changed $94,000 Stellar MLS as Distributed by MLS Grid
• 2026-05-08 Price Changed $99,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-03 Listed $109,900 Stellar MLS as Distributed by MLS Grid

Property tax history

+15.4%/yr

Latest (2025): $1,177 · -23.5% YoY. Source: county tax records.