4532 Limit St · Bagdad, FL 32530

$170,500

2 bd · 1.0 ba · 792 sqft · SingleFamily public records · 17 Days on market

Built 2000 6,534 sqft lot

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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).

• Cash flow +15.9/30.0
• ARV discount +7.5/15.0
• Schools +5.3/10.0
• Appreciation +5.0/10.0
• DSCR +4.9/10.0
• Livability +3.4/5.0
• 1% rule +3.2/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Investor Opportunity! This property offers a blank canvas for those seeking a fixer-upper project. Conveniently located minutes from downtown Milton and right across from the rec center and playground. This house has immense potential. Bring your vision and creativity to breathe new life into this property and unlock its hidden value.

Key facts

• Brand new roof
• Ceiling fans
• Flexible layout

Tags

• UPDATED KITCHEN
• GRANITE COUNTERTOPS
• CEILING FANS
• BRAND NEW ROOF
• FLEXIBLE LAYOUT
• FRONT PORCH

Property features AI

Finance

• HOA & community: No association

Exterior

• Parking: Open parking; Driveway parking; 1 space per unit
• Utilities: Public water; Septic tank sewer; Electric service with aluminum wiring
• Home design: Single-family property; One story; Resale home; Homestead eligible; Construction frame
• Construction: Frame construction; Wood roof; Off-grade foundation; Built as one-level
• Exterior features: Covered porch; Privacy fencing in back yard; Does not allow horses; Paved public road access

Interior

• Kitchen: Remodeled kitchen with granite counters; Updated cabinets, countertops and appliances; Built-in microwave; Microwave; Refrigerator; Dishwasher; ENERGY STAR qualified dishwasher, refrigerator, appliances and water heater; Electric water heater
• Bedrooms: Master bedroom on the first floor; Additional bedrooms on the first floor
• Bathrooms: One remodeled full bathroom (updated tub, toilet and sink within last 1–5 years)
• Heating & cooling: Wall/window heating units; Wall/window cooling units; Ceiling fans
• Interior features: Bonus room; Blinds on windows; Pets allowed
• Laundry & utility: Laundry inside with washer/dryer hookups

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $170k.

Deal economics

• At list price, monthly cash flow is $81 ($975/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 $140k (18.2% below list).
• Recommended offer: $140k (18.2% below list) — sets the bar for 1% rule.
• Cap rate 6.9% vs local median 5.0% in Bagdad — 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 67/100 on livability (#571 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: schools F, amenities F, commute F.
• Santa Rosa (suburban): math 63% / reading 60% proficiency, ranked #8 of 73 in FL (top 11%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 4 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 1,983 units permitted in Santa Rosa County in 2024 (128 in 5+ unit buildings).

Forward outlook

• In year one you build about $6k of equity ($1k loan paydown + $5k appreciation (3.0% local appreciation)).
• Santa Rosa County population projected at +31% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (3.0% appreciation + 3.0% rent growth), your $48k cash investment doubles in ~6 years — after that, you're playing with house money.
• By year 6, paydown + projected appreciation supports a ~$33k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 17 days — a 2% lower offer ($168k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 3y 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 $145k; 18% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $139,500 (18.2% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
3. 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.
4. 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.
5. 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: 0.82% ✗
• Cap rate: 6.86%
• Cash-on-cash: 2.04%
• DSCR: 1.09
• GRM: 10.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 9.4%
• Equity multiple: 1.54×
• Total profit: $25,639
• Equity at exit: $76,664

10-year hold

• IRR: 11.8%
• Equity multiple: 2.76×
• Total profit: $83,942
• Equity at exit: $118,149

Cash invested: $47,740 (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 32530

• Active inventory: 4
• Price-to-rent: 10.2×

Monthly cashflow live

• Estimated rent: $1,395 medium
• Mortgage (P&I): −$894
• Tax from tax record: −$56 /mo · $667/yr
• Insurance: −$71
• HOA: −$0
• Vacancy / Maint / Mgmt: −$293
• Net cashflow: $81

Break-even live

Break-even rent $1,292

Max offer price $170,500

Occupancy floor 89%

Sensitivity live

Price	-10% $178	-5% $130	+0% $81	+5% $33	+10% $-15
Rent	-10% $-29	-5% $26	+0% $81	+5% $136	+10% $191
Rate	-1.0pp $167	-0.5pp $125	base $81	+0.5pp $37	+1.0pp $-8

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: $42,625
• Closing costs: $5,115
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6436 Highway 90 Milton, FL	2.0	1.0	512	$1,395	$2.72	14d	8	1.47mi

Listing history 40 events

1. 2026-06-18
   days on market $170,500 Active 17 DOM
2. 2026-06-17
   days on market $170,500 Active 16 DOM
3. 2026-06-16
   days on market $170,500 Active 15 DOM
4. 2026-06-15
   days on market $170,500 Active 14 DOM
5. 2026-06-14
   days on market $170,500 Active 12 DOM
6. 2026-06-10
   days on market $170,500 Active 9 DOM
7. 2026-06-09
   days on market $170,500 Active 8 DOM
8. 2026-06-08
   days on market $170,500 Active 7 DOM
9. 2026-06-07
   days on market $170,500 Active 6 DOM
10. 2026-06-05
    remarks 699-char remark
11. 2026-06-05
    days on marketlisting id $170,500 Active 3 DOM
12. 2026-06-03
    days on market $170,500 Active 48 DOM
13. 2026-06-02
    pricestatusdays on market $170,500 Active 47 DOM
14. 2026-06-01
    days on market $167,000 Contingent 46 DOM
15. 2026-05-31
    days on market $167,000 Contingent 45 DOM
16. 2026-05-31
    days on market $167,000 Contingent 44 DOM
17. 2026-05-13
    historical Contingent
18. 2026-04-16
    listed $167,000 Active
19. 2025-07-02
    soldstatus $145,000
20. 2025-03-24
    status Active
21. 2025-03-24
    historical
22. 2025-02-23
    historical
23. 2025-02-22
    status Active
24. 2024-12-27
    historical Contingent
25. 2024-10-28
    price $145,000
26. 2024-10-27
    price $149,950
27. 2024-09-23
    price $155,000
28. 2024-09-16
    price $159,000
29. 2024-08-12
    price $165,000
30. 2024-07-20
    listed $179,500 Active
31. 2023-10-26
    soldstatus $45,000
32. 2023-10-20
    soldstatus $45,000 Sold 336-char remark

    Show marketing remark (336 chars)

    Investor Opportunity! This property offers a blank canvas for those seeking a fixer-upper project. Conveniently located minutes from downtown Milton and right across from the rec center and playground. This house has immense potential. Bring your vision and creativity to breathe new life into this property and unlock its hidden value.

33. 2023-09-22
    status Pending 336-char remark

    Show marketing remark (336 chars)

    Investor Opportunity! This property offers a blank canvas for those seeking a fixer-upper project. Conveniently located minutes from downtown Milton and right across from the rec center and playground. This house has immense potential. Bring your vision and creativity to breathe new life into this property and unlock its hidden value.

34. 2023-09-22
    status Active 336-char remark

    Show marketing remark (336 chars)

    Investor Opportunity! This property offers a blank canvas for those seeking a fixer-upper project. Conveniently located minutes from downtown Milton and right across from the rec center and playground. This house has immense potential. Bring your vision and creativity to breathe new life into this property and unlock its hidden value.

35. 2023-09-22
    historical 336-char remark

    Show marketing remark (336 chars)

    Investor Opportunity! This property offers a blank canvas for those seeking a fixer-upper project. Conveniently located minutes from downtown Milton and right across from the rec center and playground. This house has immense potential. Bring your vision and creativity to breathe new life into this property and unlock its hidden value.

36. 2023-09-21
    listed $45,000 Active 336-char remark

    Show marketing remark (336 chars)

    Investor Opportunity! This property offers a blank canvas for those seeking a fixer-upper project. Conveniently located minutes from downtown Milton and right across from the rec center and playground. This house has immense potential. Bring your vision and creativity to breathe new life into this property and unlock its hidden value.

37. 1988-12-01
    soldstatus $6,000
38. 1984-10-01
    soldstatus $5,000
39. 1984-10-01
    soldstatus $16,000
40. 1977-08-01
    soldstatus $6,800

ⓘ 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: $667 · $56/mo
• Projected year-2 tax: $1,415 · $118/mo
• Expected delta: +$748/yr (+$62/mo · 112.0%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥105°F today · 21 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,740
• − Mortgage interest: −$9,551
• − Property taxes: −$667
• − Insurance: −$852
• − Repairs & maintenance: −$1,339
• − Management: −$1,339
• − Depreciation: −$4,960
• Taxable loss: −$1,969
• Est. tax savings @ 24.0%: +$473
• After-tax cash flow: $1,448/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: Santa Rosa
• NCES district ID: 1201650
• Math proficiency: 63% ▼ -6.00%
• Reading proficiency: 60% ▼ -5.00%
• Median HH income: $58,161
• Composite: 53.12/100
• National rank: #1511
• State rank: #8 of 73 in FL

Livability — Bagdad

• Score: 67/100
• State rank: #571
• US rank: #10887

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bagdad, FL
• Population (ZIP): 31

Population outlook (Santa Rosa County) Hauer SSP2

• Today (2025): 195,978 people
• By 2030: 209,782 · +7.0%
• By 2040: 235,293 · +20.1%
• By 2050: 256,408 · +30.8%
• By 2075: 298,074 · +52.1%
• By 2100: 303,216 · +54.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.90)
• Race & ethnicity: Two or more races 68% White 32%

Political lean MEDSL · Santa Rosa

• 2024 margin: Solid R (+51.0) · D 24.1% · R 75.0%
• 2008→2024 swing: -3.0pp toward R · 2008: -47.9pp · 2024: -51.0pp
• All cycles: 2024: R+51.0 2020: R+46.5 2016: R+53.5 2012: R+52.6 2008: R+47.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: —
• Current HPI: —
• 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

+2355.9% since first listed

24 events — show timeline

• 2026-05-13 Contingent — PARMLS
• 2026-04-16 Listed $167,000 PARMLS
• 2025-07-02 Sold (Public Records) $145,000 Public Records
• 2025-03-24 Relisted — PARMLS
• 2025-03-24 Listing Removed — PARMLS
• 2025-02-23 Listing Removed — PARMLS
• 2025-02-22 Relisted — PARMLS
• 2024-12-27 Contingent — PARMLS
• 2024-10-28 Price Changed $145,000 PARMLS
• 2024-10-27 Price Changed $149,950 PARMLS
• 2024-09-23 Price Changed $155,000 PARMLS
• 2024-09-16 Price Changed $159,000 PARMLS
• 2024-08-12 Price Changed $165,000 PARMLS
• 2024-07-20 Listed $179,500 PARMLS
• 2023-10-26 Sold (Public Records) $45,000 Public Records
• 2023-10-20 Sold (MLS) $45,000 PARMLS
• 2023-09-22 Pending — PARMLS
• 2023-09-22 Relisted — PARMLS
• 2023-09-22 Listing Removed — PARMLS
• 2023-09-21 Listed $45,000 PARMLS
• 1988-12-01 Sold (Public Records) $6,000 Public Records
• 1984-10-01 Sold (Public Records) $16,000 Public Records
• 1984-10-01 Sold (Public Records) $5,000 Public Records
• 1977-08-01 Sold (Public Records) $6,800 Public Records

Property tax history

+7.2%/yr

Latest (2025): $667 · +10.8% YoY. Source: county tax records.