17285 SE 248th Ter · Umatilla, FL 32784

$160,000

3 bd · 2.0 ba · 1,350 sqft · Manufactured public records · 26 Days on market

Built 2000 0.38 ac 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 +25.1/30.0
• DSCR +8.2/10.0
• ARV discount +7.5/15.0
• 1% rule +5.6/10.0
• Livability +3.7/5.0
• Schools +3.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

This home is 1350 sf , 3 bedrooms and 2 bathrooms. Relax on the back deck after a full day or watch the world wake up ! Travel . 06 miles on the paved road off the highway and enjoy living out in the country and away from the noise. Located not far from the Ocala National Forest. The shaded lot is cool. . HUNTER ?? Dog pens and deer cleaning area. Let's get that freezer full. A little TLC and you will have a nice place to call home. Even has a Dollar General about a mile away. No HOA to boot !

Key facts

• Shaded lot
• Dog pens
• Paved road

Tags

• BACK DECK
• PAVED ROAD
• SHADED LOT
• DOG PENS
• DEER CLEANING AREA
• NO HOA

Property features AI

Finance

• Other: Zoning: R4; Property type: Residential - Manufactured Home; Lot approx. 0.38 acre (about 100 x 140); Total living area reported as 1,350 sq ft
• Financial info: Lease restrictions not indicated (no); Unfurnished
• HOA & community: No HOA/association indicated

Exterior

• Parking: No specific parking details provided
• Security: No security features listed
• Utilities: Private water; Septic tank; Electricity connected
• Home design: Manufactured double wide home; One story; Faces west
• Construction: Vinyl siding; Shingle roof; Built on crawlspace
• Exterior features: Deck; Sliding doors; Private mailbox; Oak trees on property; Paved, asphalt road access; Kennel/dog run

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Laminate; Crawlspace foundation (interior access noted)
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating; Central air conditioning
• Interior features: Ceiling fans
• Laundry & utility: Laundry inside; Inside utility room

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $160k.

Deal economics

• At list price, monthly cash flow is $354 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $160k).
• Recommended offer: $158k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.9% vs local median 2.9% in Umatilla — 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 73/100 on livability (#300 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, health & safety A+; Watch: employment C-, amenities F, commute F.
• Marion (rural): math 42% / reading 43% proficiency, ranked #61 of 73 in FL (top 84%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 61% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 223 active listings in the ZIP; 7,071 units permitted in Marion County in 2024 (534 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 $5k of value loss. Plan a longer hold.
• Marion County population projected at +13% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 26 days — a 2% lower offer ($158k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $16k; list at $160k implies a 870% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 6→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $157,600 (1.5% 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. 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.
3. 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.
4. 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: 1.06% ✓
• Cap rate: 8.95%
• Cash-on-cash: 9.48%
• DSCR: 1.42
• GRM: 7.9

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: -2.0%
• Equity multiple: 0.92×
• Total profit: $-3,432
• Equity at exit: $23,857

10-year hold

• IRR: 7.6%
• Equity multiple: 1.58×
• Total profit: $25,837
• Equity at exit: $13,834

Cash invested: $44,800 (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 32784

• Home prices YoY: -8.5%
• Active inventory: 223
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $1,690 medium
• Mortgage (P&I): −$839
• Tax from tax record: −$76 /mo · $907/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$355
• Net cashflow: $354

Break-even live

Break-even rent $1,242

Max offer price $160,000

Occupancy floor 74%

Sensitivity live

Price	-10% $445	-5% $399	+0% $354	+5% $309	+10% $263
Rent	-10% $220	-5% $287	+0% $354	+5% $421	+10% $488
Rate	-1.0pp $435	-0.5pp $395	base $354	+0.5pp $313	+1.0pp $270

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: $40,000
• Closing costs: $4,800
• Reserves months: —
• Total cash needed: —

Listing history 13 events

1. 2026-06-13
   statusdays on market $160,000 Pending 26 DOM
2. 2026-06-10
   days on market $160,000 Active 25 DOM
3. 2026-06-09
   days on market $160,000 Active 24 DOM
4. 2026-06-08
   days on market $160,000 Active 23 DOM
5. 2026-06-07
   days on market $160,000 Active 22 DOM
6. 2026-06-03
   days on market $160,000 Active 18 DOM
7. 2026-06-02
   days on market $160,000 Active 17 DOM
8. 2026-06-01
   days on market $160,000 Active 16 DOM
9. 2026-05-31
   days on market $160,000 Active 15 DOM
10. 2026-05-30
    days on market $160,000 Active 14 DOM
11. 2026-05-05
    status Pending
12. 2026-04-24
    listed $160,000 Active
13. 1984-04-01
    soldstatus $16,500

ⓘ 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: $907 · $76/mo
• Projected year-2 tax: $1,328 · $111/mo
• Expected delta: +$421/yr (+$35/mo · 46.3%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 74% chance over 30 yrs
• 🔥 Wildfire 7/10 Severe
• 🌡 Heat 8/10 Severe 6 d/yr ≥108°F today · 17 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: $20,284
• − Mortgage interest: −$8,962
• − Property taxes: −$907
• − Insurance: −$800
• − Repairs & maintenance: −$1,623
• − Management: −$1,623
• − Depreciation: −$4,655
• Taxable income: $1,714
• Est. tax owed @ 24.0%: −$411
• After-tax cash flow: $3,837/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: Marion
• NCES district ID: 1201260
• Math proficiency: 42% ▼ -7.00%
• Reading proficiency: 43% ▼ -4.00%
• Median HH income: $40,015
• Composite: 35.61/100
• National rank: #4890
• State rank: #61 of 73 in FL

Livability — Umatilla

• Score: 73/100
• State rank: #300
• US rank: #5132

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 9,859

Population outlook (Marion County) Hauer SSP2

• Today (2025): 365,905 people
• By 2030: 376,768 · +3.0%
• By 2040: 396,555 · +8.4%
• By 2050: 412,723 · +12.8%
• By 2075: 446,090 · +21.9%
• By 2100: 436,193 · +19.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (84%)
• Race & ethnicity: White 84% Hispanic / Latino 12% Two or more races 9% Black 2%
• Hispanic origin (detail): Mexican 10% Puerto Rican 1%
• Common ancestry: Portuguese 2% Slovak 2% Lithuanian 2%
• Foreign-born: 4% · Canada
• Languages at home: 91% English-only · Spanish 8% German/W. Germanic 1%

Political lean MEDSL · Marion

• 2024 margin: Solid R (+31.6) · D 33.8% · R 65.5%
• 2008→2024 swing: -20.0pp toward R · 2008: -11.6pp · 2024: -31.6pp
• All cycles: 2024: R+31.6 2020: R+25.9 2016: R+26.2 2012: R+16.2 2008: R+11.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -32.66%
• Current HPI: 352.4197
• 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

+869.7% since first listed

3 events — show timeline

• 2026-05-05 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-24 Listed $160,000 Stellar MLS as Distributed by MLS Grid
• 1984-04-01 Sold (Public Records) $16,500 Public Records

Property tax history

+4.6%/yr

Latest (2025): $907 · +30.9% YoY. Source: county tax records.