104 Moore Ave · Interlachen, FL 32148

$129,900

2 bd · 1.0 ba · 644 sqft · Manufactured public records · 39 Days on market

Built 1990 0.62 ac lot Est $157k · 17% under · waterfront

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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 +16.9/30.0
• ARV discount +15.0/15.0
• DSCR +5.2/10.0
• Livability +3.4/5.0
• 1% rule +3.3/10.0
• Schools +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

NICE QUIET SETTING ON .62 ACRE ON SECLUDED RUTH LAKE . JUMP IN YOUR JON BOAT AND TAKE A RELAXING RIDE AND STOP AND FISH AWHILE. HOME IS FENCED, UPGRADE WINDOWS, FRONT AND & BACK PORCH and NEW FLOORING.

Key facts

• Extra-large yard
• Lake front
• Double lot

Tags

• LAKE FRONT
• DOUBLE LOT
• EXTRA-LARGE YARD
• FENCED PROPERTY
• POOL STAYS
• ALL APPLIANCES INCLUDED

Property features AI

Finance

• HOA & community: Not a senior community

Exterior

• Parking: Off-street parking
• Utilities: Septic tank; Water connected; Sewer connected; Cable available
• Home design: Manufactured single-wide home; Entry level: 1
• Construction: Manufactured home; Single wide
• Exterior features: Above-ground private pool; Full cross fencing; Shed(s); Lakefront; Corner lot with few trees; County road frontage; Dirt road surface

Interior

• Kitchen: Electric oven; Electric range; Microwave; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Wood
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air; Wall/window AC units
• Interior features: Electric fireplace; Wood flooring; Has fireplace
• Laundry & utility: Washer and dryer included; Washer hookup; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $130k.

Deal economics

• At list price, monthly cash flow is $85 ($1k/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 $107k (17.3% below list).
• Recommended offer: $107k (17.3% below list) — sets the bar for 1% rule.
• Cap rate 7.1% vs local median 5.1% in Interlachen — 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 (#540 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F, employment F.
• 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.
• Zoned schools: Robert H. Jenkins Jr Elementary School (math 34% / reading 32%, grade F, #1,773 of 2,144 statewide, top 83%, 904 students, 64% FRL); Putnam Academy of Arts And Sciences (math 42% / reading 52%, grade D+, #291 of 571 statewide, top 52%, 177 students, 75% FRL, charter); Interlachen Jr-Sr High School (math 16% / reading 32%, grade F, #529 of 667 statewide, top 80%, 1,097 students, 71% FRL) — zoned schools at 70% FRL track the district average.
• Market conditions: 760 active listings in the ZIP; 113 units permitted in Putnam County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $898 of loan paydown is wiped out by about $4k 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 39 days — a 3% lower offer ($126k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 7y 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 $42k; list at $130k implies a 209% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 6→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $107,427 (17.3% below list)

Questions for the listing agent

1. It's been on market 39 days. Have you received any prior offers? Is the seller open to a 17% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
5. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
6. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
7. 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.
8. 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.
9. 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: 0.83% ✗
• Cap rate: 7.08%
• Cash-on-cash: 2.79%
• DSCR: 1.12
• GRM: 10.1

CMA / ARV

• ARV (on-the-fly): $157,361
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
104 Osborne St	0.60mi	2/1.0	680 (+6%)	14mo	$26,500	$39	50
104 Allman St	0.53mi	2/1.0	720 (+12%)	13mo	$130,000	$181	45

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -11.9%
• Equity multiple: 0.57×
• Total profit: $-15,721
• Equity at exit: $19,369

10-year hold

• IRR: -2.9%
• Equity multiple: 0.81×
• Total profit: $-7,011
• Equity at exit: $11,231

Cash invested: $36,372 (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 32148

• Home prices YoY: -5.8%
• Active inventory: 760
• Price-to-rent: 10.1×

Monthly cashflow live

• Estimated rent: $1,074 medium
• Mortgage (P&I): −$681
• Tax from tax record: −$29 /mo · $344/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$226
• Net cashflow: $85

Break-even live

Break-even rent $967

Max offer price $129,900

Occupancy floor 87%

Sensitivity live

Price	-10% $158	-5% $121	+0% $85	+5% $48	+10% $11
Rent	-10% $0	-5% $42	+0% $85	+5% $127	+10% $170
Rate	-1.0pp $150	-0.5pp $118	base $85	+0.5pp $51	+1.0pp $17

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: $32,475
• Closing costs: $3,897
• Reserves months: —
• Total cash needed: —

Listing history 23 events

1. 2026-06-21
   days on market $129,900 Active 39 DOM
2. 2026-06-18
   days on market $129,900 Active 36 DOM
3. 2026-06-17
   days on market $129,900 Active 35 DOM
4. 2026-06-16
   days on market $129,900 Active 34 DOM
5. 2026-06-15
   days on market $129,900 Active 33 DOM
6. 2026-06-13
   days on market $129,900 Active 31 DOM
7. 2026-06-09
   days on market $129,900 Active 27 DOM
8. 2026-06-08
   days on market $129,900 Active 26 DOM
9. 2026-06-07
   days on market $129,900 Active 25 DOM
10. 2026-06-05
    days on market $129,900 Active 22 DOM
11. 2026-06-03
    days on market $129,900 Active 21 DOM
12. 2026-06-02
    days on market $129,900 Active 20 DOM
13. 2026-06-01
    days on market $129,900 Active 19 DOM
14. 2026-05-31
    days on market $129,900 Active 18 DOM
15. 2026-05-13
    listed $129,900 Active
16. 2021-04-29
    historical 215-char remark

    Show marketing remark (215 chars)

    NICE QUIET SETTING ON .62 ACRE ON SECLUDED RUTH LAKE . JUMP IN YOUR JON BOAT AND TAKE A RELAXING RIDE AND STOP AND FISH AWHILE. HOME IS FENCED, UPGRADE WINDOWS, FRONT AND & BACK PORCH and NEW FLOORING.

17. 2021-04-06
    status Active 215-char remark

    Show marketing remark (215 chars)

    NICE QUIET SETTING ON .62 ACRE ON SECLUDED RUTH LAKE . JUMP IN YOUR JON BOAT AND TAKE A RELAXING RIDE AND STOP AND FISH AWHILE. HOME IS FENCED, UPGRADE WINDOWS, FRONT AND & BACK PORCH and NEW FLOORING.

18. 2021-03-26
    status Pending 215-char remark

    Show marketing remark (215 chars)

    NICE QUIET SETTING ON .62 ACRE ON SECLUDED RUTH LAKE . JUMP IN YOUR JON BOAT AND TAKE A RELAXING RIDE AND STOP AND FISH AWHILE. HOME IS FENCED, UPGRADE WINDOWS, FRONT AND & BACK PORCH and NEW FLOORING.

19. 2021-03-01
    listed $79,900 Active 215-char remark

    Show marketing remark (215 chars)

    NICE QUIET SETTING ON .62 ACRE ON SECLUDED RUTH LAKE . JUMP IN YOUR JON BOAT AND TAKE A RELAXING RIDE AND STOP AND FISH AWHILE. HOME IS FENCED, UPGRADE WINDOWS, FRONT AND & BACK PORCH and NEW FLOORING.

20. 2019-12-11
    soldstatus $42,000 Sold 144-char remark

    Show marketing remark (144 chars)

    Adorable 2 bedroom 1 bath mobile home on .62 acre completely fenced. A large outbuilding for your lawn equipment and nice trees and landscaping.

21. 2019-12-05
    status Pending 144-char remark

    Show marketing remark (144 chars)

    Adorable 2 bedroom 1 bath mobile home on .62 acre completely fenced. A large outbuilding for your lawn equipment and nice trees and landscaping.

22. 2019-11-26
    listed $47,000 Active 144-char remark

    Show marketing remark (144 chars)

    Adorable 2 bedroom 1 bath mobile home on .62 acre completely fenced. A large outbuilding for your lawn equipment and nice trees and landscaping.

23. 1997-08-13
    soldstatus $25,000

ⓘ 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: $344 · $29/mo
• Projected year-2 tax: $1,078 · $90/mo
• Expected delta: +$734/yr (+$61/mo · 213.7%)

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

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 8/10 Severe 6 d/yr ≥109°F today · 18 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: $12,891
• − Mortgage interest: −$7,276
• − Property taxes: −$344
• − Insurance: −$650
• − Repairs & maintenance: −$1,031
• − Management: −$1,031
• − Depreciation: −$3,779
• Taxable loss: −$1,220
• Est. tax savings @ 24.0%: +$293
• After-tax cash flow: $1,309/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 — Interlachen

• Score: 67/100
• State rank: #540
• US rank: #10162

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 11,580
• Population (ZIP): 11,580

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: Predominantly White (84%)
• Race & ethnicity: White 84% Hispanic / Latino 9% Two or more races 8% Black 3%
• Hispanic origin (detail): Mexican 2% Puerto Rican 7%
• Common ancestry: Slovak 4% Lithuanian 3% Romanian 1%
• Foreign-born: 2% · Canada
• Languages at home: 94% English-only · Spanish 4%

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: ▼ -16.98%
• Current HPI: 277.2763
• 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

+419.6% since first listed

9 events — show timeline

• 2026-05-13 Listed $129,900 realMLS
• 2021-04-29 Listing Removed — realMLS
• 2021-04-06 Relisted — realMLS
• 2021-03-26 Pending — realMLS
• 2021-03-01 Listed $79,900 realMLS
• 2019-12-11 Sold (MLS) $42,000 realMLS
• 2019-12-05 Pending — realMLS
• 2019-11-26 Listed $47,000 realMLS
• 1997-08-13 Sold (Public Records) $25,000 Public Records

Property tax history

-5.8%/yr

Latest (2025): $344 · +17.0% YoY. Source: county tax records.