2127 Diana Dr · Palatka, FL 32177

$249,000

3 bd · 2.0 ba · 1,788 sqft · SingleFamily public records · 137 Days on market

Built 1950 8,276 sqft lot Est $286k · 13% under

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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).

• ARV discount +13.3/15.0
• Cash flow +12.6/30.0
• DSCR +3.8/10.0
• Rent growth +3.1/5.0
• Schools +3.0/10.0
• Livability +2.9/5.0
• Condition / age +2.5/5.0
• 1% rule +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome home! This 4-bedroom, 2-bathroom property is where comfort and charm blend seamlessly. As you step inside, you're greeted by a spacious great room and living room with soaring vaulted ceilings and stunning cypress wood paneling. Skylights bring natural light, making the space feel bright and open; with a cozy wood-burning fireplace as the centerpiece of the living room, french doors in both the living room and master bedroom open to a large, screened-in patio—ideal for outdoor dining, relaxation, or entertaining. Don't miss this opportunity — the seller is motivated and ready to review all offers! Schedule your showing today and make this home yours.

Key facts

• Cypress wood accents
• Vaulted ceilings
• Skylights

Tags

• VAULTED CEILINGS
• CYPRESS WOOD ACCENTS
• SKYLIGHTS
• FIREPLACE
• TWO SPACIOUS LIVING AREAS
• OVERSIZED SCREENED-IN PATIO

Property features AI

Finance

• HOA & community: Not a senior community

Exterior

• Parking: Circular driveway
• Utilities: Electricity connected; Water connected
• Home design: Single Family Residence; Currently used as a single family home
• Exterior features: 0.19-acre lot

Interior

• Kitchen: Electric cooktop; Electric oven; Refrigerator
• Bedrooms: 4 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air
• Interior features: Central heating; Central air
• Laundry & utility: Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $249k.

Deal economics

• At list price, monthly cash flow is $-31 ($-376/yr) — negative.
• To cash-flow at today's rent, offer at most $243k (2.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $182k (26.9% below list).
• Recommended offer: $182k (26.9% below list) — sets the bar for 1% rule.
• Cap rate 6.1% vs local median 3.8% in Palatka — 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 58/100 on livability (#839 in FL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing B+; Watch: schools C-, health & safety C-, crime D.
• Putnam (town): math 34% / reading 39% proficiency, ranked #66 of 73 in FL (top 90%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 71% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+2.2%/yr); 319 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 19d on market — plan ~3-4 weeks tenant-placement turnaround); 113 units permitted in Putnam County in 2024 (0 in 5+ unit buildings).
• At $1,821/mo this rent would consume 46% of the median local household income ($48k/yr) (locally 806% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Putnam County population projected at -31% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 137 days — a 12% lower offer ($219k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 17y 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 $113k; list at $249k implies a 120% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• 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 $182,132 (26.9% 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 137 days. Have you received any prior offers? Is the seller open to a 27% concession, seller financing, or rate buy-down credit?
3. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 0.73% ✗
• Cap rate: 6.14%
• Cash-on-cash: -0.54%
• DSCR: 0.98
• GRM: 11.4

CMA / ARV

• ARV (on-the-fly): $286,080
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2104 Crill Ave	0.08mi	3/2.5	1,806 (+1%)	3mo	$116,200	$64	90
2400 Crill Ave	0.12mi	3/2.0	1,867 (+4%)	2mo	$210,000	$112	86
110 James Dr	0.38mi	3/2.5	1,804 (+1%)	1mo	$570,000	$316	78
1407 Cleveland Ave Ave	0.57mi	4/2.0 (+1)	1,735 (-3%)	2mo	$319,500	$184	61
1400 High St	0.57mi	4/3.0 (+1)	1,825 (+2%)	2mo	$290,000	$159	59
2114 Oak St	0.30mi	4/1.5 (+1)	1,880 (+5%)	14mo	$143,000	$76	59
2155 Diana Dr	0.03mi	4/3.5 (+1)	2,054 (+15%)	9mo	$260,000	$127	55
2608 Gillis St	0.30mi	3/1.5	1,544 (-14%)	11mo	$241,000	$156	52
1515 Husson Ave	0.73mi	4/3.0 (+1)	1,825 (+2%)	8mo	$292,900	$160	47
1411 Cleveland Ave Ave	0.58mi	3/2.0	1,560 (-13%)	8mo	$291,720	$187	45
1325 River St	0.64mi	4/3.0 (+1)	1,662 (-7%)	6mo	$349,000	$210	44
1409 Cleveland Ave Ave	0.60mi	4/2.5 (+1)	2,039 (+14%)	1mo	$359,500	$176	41

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 · 2.23% rent growth · sell at horizon

5-year hold

• IRR: -18.0%
• Equity multiple: 0.37×
• Total profit: $-43,870
• Equity at exit: $37,127

10-year hold

• IRR: -11.6%
• Equity multiple: 0.33×
• Total profit: $-46,942
• Equity at exit: $21,529

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 32177

• Home prices YoY: -28.1%
• Rents YoY: 2.2%
• Active inventory: 319
• Price-to-rent: 11.4×

Monthly cashflow live

• Estimated rent: $1,821 high
• Mortgage (P&I): −$1,306
• Tax from tax record: −$61 /mo · $728/yr
• Insurance: −$104
• HOA: −$0
• Vacancy / Maint / Mgmt: −$382
• Net cashflow: $-31

Break-even live

Break-even rent $1,861

Max offer price $243,467

Occupancy floor 97%

Sensitivity live

Price	-10% $110	-5% $39	+0% $-31	+5% $-102	+10% $-172
Rent	-10% $-175	-5% $-103	+0% $-31	+5% $41	+10% $113
Rate	-1.0pp $94	-0.5pp $32	base $-31	+0.5pp $-96	+1.0pp $-161

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: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2500 Westover Dr Palatka, FL	3.0	2.0	1935	$2,100	$1.09	5d	1	1.16mi
509 Bronson St Palatka, FL	4.0	2.0	1260	$1,725	$1.37	5d	1	1.33mi
313 Madison St Palatka, FL	4.0	2.0	1940	$1,900	$0.98	25d	1	1.38mi
127 Crestwood Ave Palatka, FL	4.0	2.0	1674	$1,650	$0.99	18d	1	1.38mi
2406 Husson Ave Palatka, FL	3.0	2.0	1559	$1,900	$1.22	21d	1	1.44mi

Listing history 29 events

1. 2026-06-21
   days on market $249,000 Active 137 DOM
2. 2026-06-18
   days on market $249,000 Active 134 DOM
3. 2026-06-17
   days on market $249,000 Active 133 DOM
4. 2026-06-16
   days on market $249,000 Active 132 DOM
5. 2026-06-15
   days on market $249,000 Active 131 DOM
6. 2026-06-13
   days on market $249,000 Active 129 DOM
7. 2026-06-10
   days on market $249,000 Active 125 DOM
8. 2026-06-08
   days on market $249,000 Active 124 DOM
9. 2026-06-07
   days on market $249,000 Active 123 DOM
10. 2026-06-05
    days on market $249,000 Active 120 DOM
11. 2026-06-03
    days on market $249,000 Active 119 DOM
12. 2026-06-02
    days on market $249,000 Active 118 DOM
13. 2026-06-01
    days on market $249,000 Active 117 DOM
14. 2026-05-31
    days on market $249,000 Active 116 DOM
15. 2026-02-04
    listed $249,000 Active
16. 2025-12-31
    historical 678-char remark

    Show marketing remark (678 chars)

    Welcome home! This 4-bedroom, 2-bathroom property is where comfort and charm blend seamlessly. As you step inside, you're greeted by a spacious great room and living room with soaring vaulted ceilings and stunning cypress wood paneling. Skylights bring natural light, making the space feel bright and open; with a cozy wood-burning fireplace as the centerpiece of the living room, french doors in both the living room and master bedroom open to a large, screened-in patio—ideal for outdoor dining, relaxation, or entertaining. Don't miss this opportunity — the seller is motivated and ready to review all offers! Schedule your showing today and make this home yours.

17. 2025-10-13
    price $249,000 678-char remark

    Show marketing remark (678 chars)

    Welcome home! This 4-bedroom, 2-bathroom property is where comfort and charm blend seamlessly. As you step inside, you're greeted by a spacious great room and living room with soaring vaulted ceilings and stunning cypress wood paneling. Skylights bring natural light, making the space feel bright and open; with a cozy wood-burning fireplace as the centerpiece of the living room, french doors in both the living room and master bedroom open to a large, screened-in patio—ideal for outdoor dining, relaxation, or entertaining. Don't miss this opportunity — the seller is motivated and ready to review all offers! Schedule your showing today and make this home yours.

18. 2025-04-21
    price $258,000 678-char remark

    Show marketing remark (678 chars)

    Welcome home! This 4-bedroom, 2-bathroom property is where comfort and charm blend seamlessly. As you step inside, you're greeted by a spacious great room and living room with soaring vaulted ceilings and stunning cypress wood paneling. Skylights bring natural light, making the space feel bright and open; with a cozy wood-burning fireplace as the centerpiece of the living room, french doors in both the living room and master bedroom open to a large, screened-in patio—ideal for outdoor dining, relaxation, or entertaining. Don't miss this opportunity — the seller is motivated and ready to review all offers! Schedule your showing today and make this home yours.

19. 2025-02-18
    listed $263,000 Active 678-char remark

    Show marketing remark (678 chars)

    Welcome home! This 4-bedroom, 2-bathroom property is where comfort and charm blend seamlessly. As you step inside, you're greeted by a spacious great room and living room with soaring vaulted ceilings and stunning cypress wood paneling. Skylights bring natural light, making the space feel bright and open; with a cozy wood-burning fireplace as the centerpiece of the living room, french doors in both the living room and master bedroom open to a large, screened-in patio—ideal for outdoor dining, relaxation, or entertaining. Don't miss this opportunity — the seller is motivated and ready to review all offers! Schedule your showing today and make this home yours.

20. 2015-07-30
    soldstatus $113,000
21. 2015-07-28
    soldstatus $113,000 Sold 457-char remark

    Show marketing remark (457 chars)

    ALMOST 1800 sqft. OF LIVING IS THIS LOVELY 4BR/2BA BEAUTY! THIS LOVELY HOME COMES WITH LOTS OF CLOSETS AND BUILT-INS SEPARATE LIVING ROOM PLUS A LARGE GREATROOM, COZY FIREPLACE AND DINING AREA, NICE KITCHEN ALL APPLIANCES BREAKFAST BAR AND INSIDE LAUNDRY. HUGE SCREENED PORCH EXITS TO A GREAT FENCED BACKYARD WITH A NICE STORAGE BUILDING. VERY LOW MAINTENANCE WITH BEAUTIFUL VINYL SIDING. GORGEOUS LANDSCAPING AND A NICE CIRCULAR DRIVEWAY. WHAT A TREASURE.

22. 2012-10-08
    historical 457-char remark

    Show marketing remark (457 chars)

    ALMOST 1800 sqft. OF LIVING IS THIS LOVELY 4BR/2BA BEAUTY! THIS LOVELY HOME COMES WITH LOTS OF CLOSETS AND BUILT-INS SEPARATE LIVING ROOM PLUS A LARGE GREATROOM, COZY FIREPLACE AND DINING AREA, NICE KITCHEN ALL APPLIANCES BREAKFAST BAR AND INSIDE LAUNDRY. HUGE SCREENED PORCH EXITS TO A GREAT FENCED BACKYARD WITH A NICE STORAGE BUILDING. VERY LOW MAINTENANCE WITH BEAUTIFUL VINYL SIDING. GORGEOUS LANDSCAPING AND A NICE CIRCULAR DRIVEWAY. WHAT A TREASURE.

23. 2012-06-04
    listed $139,900 457-char remark

    Show marketing remark (457 chars)

    ALMOST 1800 sqft. OF LIVING IS THIS LOVELY 4BR/2BA BEAUTY! THIS LOVELY HOME COMES WITH LOTS OF CLOSETS AND BUILT-INS SEPARATE LIVING ROOM PLUS A LARGE GREATROOM, COZY FIREPLACE AND DINING AREA, NICE KITCHEN ALL APPLIANCES BREAKFAST BAR AND INSIDE LAUNDRY. HUGE SCREENED PORCH EXITS TO A GREAT FENCED BACKYARD WITH A NICE STORAGE BUILDING. VERY LOW MAINTENANCE WITH BEAUTIFUL VINYL SIDING. GORGEOUS LANDSCAPING AND A NICE CIRCULAR DRIVEWAY. WHAT A TREASURE.

24. 2009-09-09
    historical
25. 2009-09-04
    soldstatus $122,000
26. 2009-09-03
    soldstatus $122,000
27. 2009-05-13
    listed $134,900
28. 1986-10-01
    soldstatus $60,000
29. 1982-08-01
    soldstatus $60,000

ⓘ 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: $728 · $61/mo
• Projected year-2 tax: $2,067 · $172/mo
• Expected delta: +$1,339/yr (+$112/mo · 184.1%)

ⓘ 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 9/10 Extreme 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 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,856
• − Mortgage interest: −$13,948
• − Property taxes: −$728
• − Insurance: −$1,245
• − Repairs & maintenance: −$1,748
• − Management: −$1,748
• − Depreciation: −$7,244
• Taxable loss: −$4,805
• Est. tax savings @ 24.0%: +$1,153
• After-tax cash flow: $777/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: Putnam
• NCES district ID: 1201620
• Math proficiency: 34% ▼ -10.00%
• Reading proficiency: 39% ▼ -4.00%
• Median HH income: $33,350
• Composite: 29.99/100
• National rank: #6361
• State rank: #66 of 73 in FL

Livability — Palatka

• Score: 58/100
• State rank: #839
• US rank: #20793

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Palatka, FL
• County: Putnam County · 25,645 people
• City population: 25,645
• Metro: Palatka, FL
• Population (ZIP): 25,645
• Household income: $47,796
• Rent vs Own: 32.9% rent · 67.1% own
• Severe rent burden: 806.0

Population outlook (Putnam County) Hauer SSP2

• Today (2025): 65,299 people
• By 2030: 61,255 · -6.2%
• By 2040: 52,930 · -18.9%
• By 2050: 45,051 · -31.0%
• By 2075: 28,720 · -56.0%
• By 2100: 15,852 · -75.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (62%)
• Race & ethnicity: White 62% Black 28% Hispanic / Latino 7% Two or more races 5%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3% Cuban 2%
• Common ancestry: Lithuanian 2% Hispanic 1% Slovak 1%
• Foreign-born: 3% · Canada
• Languages at home: 94% English-only · Spanish 5% French/Haitian/Cajun 1%

Political lean MEDSL · Putnam

• 2024 margin: Solid R (+47.8) · D 25.8% · R 73.6%
• 2008→2024 swing: -28.5pp toward R · 2008: -19.3pp · 2024: -47.8pp
• All cycles: 2024: R+47.8 2020: R+41.2 2016: R+36.6 2012: R+24.5 2008: R+19.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -87.10%
• Current HPI: 223.1966
• Rent YoY: ▲ 2.23%
• Metro: Palatka, 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

+315.0% since first listed

15 events — show timeline

• 2026-02-04 Listed $249,000 realMLS
• 2025-12-31 Listing Removed — realMLS
• 2025-10-13 Price Changed $249,000 realMLS
• 2025-04-21 Price Changed $258,000 realMLS
• 2025-02-18 Listed $263,000 realMLS
• 2015-07-30 Sold (Public Records) $113,000 Public Records
• 2015-07-28 Sold (MLS) $113,000 realMLS
• 2012-10-08 Listing Removed — realMLS
• 2012-06-04 Listed $139,900 realMLS
• 2009-09-09 Listing Removed — realMLS
• 2009-09-04 Sold (Public Records) $122,000 Public Records
• 2009-09-03 Sold (MLS) $122,000 realMLS
• 2009-05-13 Listed $134,900 realMLS
• 1986-10-01 Sold (Public Records) $60,000 Public Records
• 1982-08-01 Sold (Public Records) $60,000 Public Records

Property tax history

-9.3%/yr

Latest (2025): $728 · -85.0% YoY. Source: county tax records.