10114 SE 24th St · Webster, FL 33597

$145,000

2 bd · 1.0 ba · 854 sqft · Manufactured public records · 60 Days on market

Built 1984 0.27 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 +23.7/30.0
• DSCR +7.6/10.0
• ARV discount +7.5/15.0
• Schools +5.2/10.0
• 1% rule +4.9/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Gorgeous mobile home with sun porch in quiet park. 2br/1 1/2 bath. Has shed and carport.

Key facts

• Fencing for privacy
• Key updates
• Spacious lot

Tags

• SPACIOUS LOT
• NO HOA
• ENCLOSED FLORIDA ROOM
• KEY UPDATES
• FENCING FOR PRIVACY
• WORKSHOP WITH ELECTRIC

Property features AI

Finance

• Other: Zoned RR; Lot size approximately 0.27 acres (about 1/4 to less than 1/2 acre)
• HOA & community: No association; Street lights in community

Exterior

• Utilities: Public water; Septic tank; Broadband/high-speed internet available; Cable connected; Electricity connected
• Home design: Manufactured home (single wide); One story; South facing; Homestead property
• Construction: Vinyl siding; Metal roof; Crawlspace foundation
• Exterior features: Storage shed(s); Workshop; Wire and wood fencing; Cleared, level lot; Paved road access

Interior

• Kitchen: Range; Refrigerator; Electric water heater
• Bedrooms: 2 bedrooms
• Flooring: Laminate; Linoleum; Wood
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Eat-in kitchen; Open floorplan; Florida room
• Laundry & utility: Washer hookup; Electric dryer hookup; Laundry area outside

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $145k.

Deal economics

• At list price, monthly cash flow is $276 ($3k/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 $144k (0.7% below list).
• Recommended offer: $141k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 70/100 on livability (#411 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: employment C-, amenities F, commute F.
• Sumter (rural): math 61% / reading 61% proficiency, ranked #11 of 73 in FL (top 15%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Webster Elementary School (math 61% / reading 51%, grade C+, #832 of 2,144 statewide, top 40%, 748 students, 68% FRL); South Sumter Middle School (math 55% / reading 54%, grade B-, #183 of 571 statewide, top 34%, 897 students, 61% FRL).
• Market conditions: 305 active listings in the ZIP; 3,961 units permitted in Sumter County in 2024 (248 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 $4k of value loss. Plan a longer hold.
• Sumter County population projected at +45% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 60 days — a 3% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 22y ago; this cycle's ask has dropped $14k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $100k; 45% 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; moderate wildfire risk; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $140,650 (3.0% below list)

Questions for the listing agent

1. It's been on market 60 days. Have you received any prior offers? Is the seller open to a 3% 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. 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.
5. 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.
6. 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: 0.99% ✗
• Cap rate: 8.58%
• Cash-on-cash: 8.17%
• DSCR: 1.36
• GRM: 8.4

CMA / ARV

• ARV (on-the-fly): $76,860
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
125 SW 1st St	0.53mi	2/1.0	768 (-10%)	4mo	$69,000	$90	55

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: -3.9%
• Equity multiple: 0.85×
• Total profit: $-5,962
• Equity at exit: $21,620

10-year hold

• IRR: 5.7%
• Equity multiple: 1.42×
• Total profit: $17,207
• Equity at exit: $12,537

Cash invested: $40,600 (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 33597

• Home prices YoY: -5.2%
• Active inventory: 305
• Price-to-rent: 8.4×

Monthly cashflow live

• Estimated rent: $1,440 medium
• Mortgage (P&I): −$760
• Tax from tax record: −$41 /mo · $490/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$302
• Net cashflow: $276

Break-even live

Break-even rent $1,091

Max offer price $145,000

Occupancy floor 76%

Sensitivity live

Price	-10% $358	-5% $317	+0% $276	+5% $235	+10% $194
Rent	-10% $163	-5% $219	+0% $276	+5% $333	+10% $390
Rate	-1.0pp $349	-0.5pp $313	base $276	+0.5pp $239	+1.0pp $201

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: $36,250
• Closing costs: $4,350
• Reserves months: —
• Total cash needed: —

Listing history 24 events

1. 2026-06-22
   days on market $145,000 Active 60 DOM
2. 2026-06-19
   days on market $145,000 Active 58 DOM
3. 2026-06-18
   days on market $145,000 Active 57 DOM
4. 2026-06-17
   days on market $145,000 Active 56 DOM
5. 2026-06-16
   days on market $145,000 Active 55 DOM
6. 2026-06-15
   days on market $145,000 Active 54 DOM
7. 2026-06-14
   days on market $145,000 Active 52 DOM
8. 2026-06-13
   days on market $145,000 Active 51 DOM
9. 2026-06-10
   days on market $145,000 Active 49 DOM
10. 2026-06-09
    days on market $145,000 Active 48 DOM
11. 2026-06-08
    days on market $145,000 Active 47 DOM
12. 2026-06-07
    days on market $145,000 Active 46 DOM
13. 2026-06-02
    days on market $145,000 Active 41 DOM
14. 2026-06-01
    days on market $145,000 Active 40 DOM
15. 2026-05-31
    days on market $145,000 Active 39 DOM
16. 2026-05-30
    days on market $145,000 Active 38 DOM
17. 2026-05-04
    price $145,000
18. 2026-04-22
    listed $159,000 Active
19. 2023-02-10
    soldstatus $100,000
20. 2006-07-06
    listed $69,900
21. 2004-09-14
    soldstatus $53,000
22. 2004-08-25
    soldstatus $53,000 88-char remark

    Show marketing remark (88 chars)

    Gorgeous mobile home with sun porch in quiet park. 2br/1 1/2 bath. Has shed and carport.

23. 2004-08-12
    historical 88-char remark

    Show marketing remark (88 chars)

    Gorgeous mobile home with sun porch in quiet park. 2br/1 1/2 bath. Has shed and carport.

24. 2004-04-21
    listed $49,900 88-char remark

    Show marketing remark (88 chars)

    Gorgeous mobile home with sun porch in quiet park. 2br/1 1/2 bath. Has shed and carport.

ⓘ 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: $490 · $41/mo
• Projected year-2 tax: $1,204 · $100/mo
• Expected delta: +$714/yr (+$59/mo · 145.7%)

ⓘ 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 5/10 Major
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°F today · 22 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,285
• − Mortgage interest: −$8,122
• − Property taxes: −$490
• − Insurance: −$725
• − Repairs & maintenance: −$1,383
• − Management: −$1,383
• − Depreciation: −$4,218
• Taxable income: $964
• Est. tax owed @ 24.0%: −$231
• After-tax cash flow: $3,084/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: Sumter
• NCES district ID: 1201800
• Math proficiency: 61% ▼ -4.00%
• Reading proficiency: 61% ▼ -2.00%
• Median HH income: $48,240
• Composite: 51.74/100
• National rank: #1682
• State rank: #11 of 73 in FL

Livability — Webster

• Score: 70/100
• State rank: #411
• US rank: #7339

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 9,424

Population outlook (Sumter County) Hauer SSP2

• Today (2025): 161,172 people
• By 2030: 180,083 · +11.7%
• By 2040: 209,892 · +30.2%
• By 2050: 234,186 · +45.3%
• By 2075: 284,602 · +76.6%
• By 2100: 317,039 · +96.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (76%)
• Race & ethnicity: White 76% Hispanic / Latino 15% Two or more races 8% Black 4% Native American 2%
• Hispanic origin (detail): Mexican 9% Cuban 2%
• Common ancestry: Serbian 3% Italian 2% Iranian 2%
• Foreign-born: 9% · Canada, Jamaica
• Languages at home: 91% English-only · Spanish 9%

Political lean MEDSL · Sumter

• 2024 margin: Solid R (+37.6) · D 30.9% · R 68.6%
• 2008→2024 swing: -10.6pp toward R · 2008: -27.0pp · 2024: -37.6pp
• All cycles: 2024: R+37.6 2020: R+36.1 2016: R+39.2 2012: R+34.9 2008: R+27.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -15.59%
• Current HPI: 282.5139
• 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

+190.6% since first listed

8 events — show timeline

• 2026-05-04 Price Changed $145,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-22 Listed $159,000 Stellar MLS as Distributed by MLS Grid
• 2023-02-10 Sold (Public Records) $100,000 Public Records
• 2006-07-06 Listed $69,900 Stellar MLS as Distributed by MLS Grid
• 2004-09-14 Sold (Public Records) $53,000 Public Records
• 2004-08-25 Sold (MLS) $53,000 Stellar MLS as Distributed by MLS Grid
• 2004-08-12 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2004-04-21 Listed $49,900 Stellar MLS as Distributed by MLS Grid

Property tax history

+6.5%/yr

Latest (2025): $490 · +3.4% YoY. Source: county tax records.