Is it normal to feel like i'm a rebound? am i just in the friend zone? or more?

First off here are some facts about the guy: 1) when we started talking and became friends he had just broken up with his gf and confessed to still having feelings for her and hoping they would get back together. 2) He flirts with EVERYONE. In the beginning this didn't bother me, but once feelings for him started, I can't stand it. 3) He tells me he loves me alot. Like a few times everytime I see him he finds a way to say it. I know he means he loves me as a friend, but it really gets to me when he says it so much because if I were to say it to him, I would mean it in another way. 4) we flirt ALOT and text pretty much everyday. 5) Sometimes I swear he says things to make me jealous. Recently he told me how he was drunk at a party and was hardcore flirting with this girl he's known. And then went into detail. I hated him for the rest of the night.

Alright, this might be a bit long and I have a hard time putting this all into words but I would really appreciate your honest opinions. There is a guy that ive known since elementary school through high school but I never actually talked to him. In high school he was friends with a friend of mine, but we still didnt have any type of contact really. One day I saw him working in a store I and my friends went into. I said "hey! I know you!" (mostly because I had forgotten his name) and to my surprise, he remembered my name.

But trying to make this short as possible, a few day later he requested me on facebook and we started talking on there. Then we started texting. After about maybe a month we hung out one on one for the first time. I went to his house and we watched some tv in the living room until his tv remote magically gave out and he asked if I wanted to go into his room to watch tv. So we did and we ended up messing around a bit. No sex though. Altogether i'd say we've hung out a handful of times within the past 6 or 8 months of knowing eachother. And just a few days ago we had sex. Was not planned really, I would say it was a heat of the moment thing. We had been fooling around and he asked me if I would be ok with having sex and I said yes. I don't regret it and I don't feel in love with him just because we had sex. I pretty much feel the same way I have been feeling, confused. And now I guess we're friends with benefits, but i'm not sure if that sits well with me. Don't get me wrong, I would be down to have sex with him again, but in the back of my head I feel like he might just only want a sex buddy. And so the question is I suppose, What do you think?

Also, He has told me he's gotten over his gf after finding out she had a bf recently. And when we hangout it doesnt always end up sexual. only like 3 times.