1709 E Schwartz Blvd · Lady Lake, FL 32159

$170,000

2 bd · 1.0 ba · 936 sqft · Manufactured public records · 45 Days on market

Built 1988 5,536 sqft lot Est $234k · 27% under

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Why this score? — see what drove the B 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 +26.9/30.0
• ARV discount +15.0/15.0
• DSCR +9.3/10.0
• 1% rule +7.3/10.0
• Schools +4.2/10.0
• Rent growth +3.5/5.0
• Livability +3.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

PROPERTY HAS NEW ROOF. WALLS ARE DRYWALLED. SCREENED PORCH. WOODED AREA BEHIND HOME.

Key facts

• Granite countertops
• New roof
• Turnkey

Tags

• NEW ROOF
• INVESTMENT OPPORTUNITY
• TURNKEY
• GRANITE COUNTERTOPS
• OPEN KITCHEN
• STAINLESS STEEL APPLIANCES

Property features AI

Finance

• Other: Turnkey furnished option
• Financial info: CDD present; Homestead exemption present; Lease restrictions apply
• HOA & community: Community with clubhouse and recreation facilities; Community pool; Fitness center; Tennis courts; Pickleball and shuffleboard courts; Basketball court; Playground and park; Dog park; Trails and street lights; Gated community; Golf course access and golf carts allowed; Community mailbox; Deed restrictions and special community restrictions; Vehicle and fence restrictions; Association recreation (owned)

Exterior

• Parking: Carport with 1 space; Golf cart parking
• Security: Smoke detector(s)
• Utilities: Public water; Public sewer; Electricity connected; Cable available; Sewer connected; Water connected; Sprinkler meter
• Home design: Manufactured double-wide home; Single-story; Faces west
• Construction: Shingle roof; Crawlspace foundation; Other construction materials
• Exterior features: Awning(s); Sidewalk; Side porch; Storage; Mature landscaping; Irrigation equipment

Interior

• Kitchen: Cooktop; Range; Range hood; Microwave; Dishwasher; Disposal; Refrigerator; Exhaust fan; Electric water heater
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Laminate
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; High ceilings; Open floor plan; Solid surface counters; Thermostat; Blinds and drapes; Smoke detector(s)
• Laundry & utility: Washer hookup; Dryer hookup; Laundry area in garage

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $170k.

Deal economics

• At list price, monthly cash flow is $469 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $170k).
• Recommended offer: $165k (3.0% below list) — sets the bar for market timing.
• Cap rate 9.6% vs local median 4.1% in Lady Lake — 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 69/100 on livability (#457 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A-; Watch: employment D, amenities F, commute F.
• Lake (suburban): math 49% / reading 50% proficiency, ranked #37 of 73 in FL (top 51%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+4.0%/yr); 576 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 4,799 units permitted in Lake County in 2024 (814 in 5+ unit buildings).
• This rent runs 43% of the median local income ($59k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

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.
• Lake County population projected at +37% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 4.0% rent growth), your $48k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 45 days — a 3% lower offer ($165k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 18y 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.

Risks & watch-outs

• 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 $164,900 (3.0% below list)

Questions for the listing agent

1. It's been on market 45 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 B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 1.23% ✓
• Cap rate: 9.60%
• Cash-on-cash: 11.82%
• DSCR: 1.53
• GRM: 6.8

CMA / ARV

• ARV (on-the-fly): $234,000
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
726 Orchid St	0.24mi	2/2.0	1,040 (+11%)	5mo	$205,000	$197	62
814 Orchid St	0.32mi	2/2.0	1,040 (+11%)	3mo	$260,000	$250	60

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 · 4.03% rent growth · sell at horizon

5-year hold

• IRR: 2.5%
• Equity multiple: 1.10×
• Total profit: $4,541
• Equity at exit: $25,348

10-year hold

• IRR: 13.0%
• Equity multiple: 2.09×
• Total profit: $51,740
• Equity at exit: $14,698

Cash invested: $47,600 (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 32159

• Home prices YoY: -16.0%
• Rents YoY: 4.0%
• Active inventory: 576
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $2,093 high
• Mortgage (P&I): −$891
• Tax from tax record: −$222 /mo · $2,670/yr
• Insurance: −$71
• HOA: −$0
• Vacancy / Maint / Mgmt: −$440
• Net cashflow: $469

Break-even live

Break-even rent $1,500

Max offer price $170,000

Occupancy floor 73%

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: $42,500
• Closing costs: $5,100
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1715 Pebble Beach Ln Lady Lake, FL	2.0	2.0	1040	$3,500	$3.37	23d	1	0.26mi
909 Orchid St Lady Lake, FL	2.0	1.0	936	$1,600	$1.71	23d	1	0.47mi
739 Heathrow Ave Lady Lake, FL	2.0	2.0	1040	$2,250	$2.16	2d	1	0.52mi
1214 Dustin Dr Lady Lake, FL	2.0	2.0	1040	$1,400	$1.35	23d	1	0.80mi
1824 Marion County Rd Weirsdale, FL	2.0	2.0	1064	$1,500	$1.41	23d	1	0.83mi
804 Weeping Willow Ave Lady Lake, FL	2.0	1.0	672	$1,300	$1.93	16d	1	0.89mi
1532 W Schwartz Blvd Lady Lake, FL	2.0	2.0	1092	$2,950	$2.70	23d	1	0.97mi
13765 NE 136th Loop Lady Lake, FL	1.0–3.0	1.0–2.0	1078	$1,639	$1.52	21d	36	1.19mi
13740 Lead LN The Villages, FL	1.0–3.0	1.0–2.0	1029	$1,720	$1.67	21d	38	1.21mi
508 Tarrson Blvd Unit 1525263P Lady Lake, FL	2.0	2.0	1011	$1,262	$1.25	12d	1	1.27mi

Listing history 34 events

1. 2026-06-18
   days on market $170,000 Active 45 DOM
2. 2026-06-17
   days on market $170,000 Active 44 DOM
3. 2026-06-16
   days on market $170,000 Active 43 DOM
4. 2026-06-15
   days on market $170,000 Active 42 DOM
5. 2026-06-13
   days on market $170,000 Active 40 DOM
6. 2026-06-09
   days on market $170,000 Active 36 DOM
7. 2026-06-08
   days on market $170,000 Active 35 DOM
8. 2026-06-07
   days on market $170,000 Active 34 DOM
9. 2026-06-04
   days on market $170,000 Active 31 DOM
10. 2026-06-03
    days on market $170,000 Active 30 DOM
11. 2026-06-02
    days on market $170,000 Active 29 DOM
12. 2026-06-01
    days on market $170,000 Active 28 DOM
13. 2026-05-31
    days on market $170,000 Active 27 DOM
14. 2026-05-04
    listed $170,000 Active
15. 2025-01-31
    historical
16. 2024-12-05
    price $170,000
17. 2024-12-05
    status Active
18. 2024-12-02
    historical
19. 2024-11-02
    status Active
20. 2024-11-02
    price $175,000
21. 2024-10-27
    status Pending
22. 2024-09-30
    price $179,000
23. 2024-08-12
    price $184,810
24. 2024-07-01
    listed $189,810 Active
25. 2021-11-29
    soldstatus $154,900
26. 2018-06-01
    soldstatus $100,000
27. 2009-06-19
    soldstatus $58,000 84-char remark

    Show marketing remark (84 chars)

    PROPERTY HAS NEW ROOF. WALLS ARE DRYWALLED. SCREENED PORCH. WOODED AREA BEHIND HOME.

28. 2009-06-02
    listed $64,500 84-char remark

    Show marketing remark (84 chars)

    PROPERTY HAS NEW ROOF. WALLS ARE DRYWALLED. SCREENED PORCH. WOODED AREA BEHIND HOME.

29. 2008-12-08
    historical
30. 2008-11-24
    soldstatus $139,500
31. 2008-09-14
    listed $79,900
32. 2008-09-14
    listed $79,900
33. 2002-12-02
    soldstatus $80,000
34. 1988-11-01
    soldstatus $44,800

ⓘ 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: $2,670 · $222/mo
• Projected year-2 tax: $2,670 · $222/mo
• Expected delta: $0/yr ($0/mo · -0.0%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥109°F today · 21 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,118
• − Mortgage interest: −$9,523
• − Property taxes: −$2,670
• − Insurance: −$850
• − Repairs & maintenance: −$2,009
• − Management: −$2,009
• − Depreciation: −$4,945
• Taxable income: $3,112
• Est. tax owed @ 24.0%: −$747
• After-tax cash flow: $4,879/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: Lake
• NCES district ID: 1201050
• Math proficiency: 49% ▼ -7.00%
• Reading proficiency: 50% ▼ -4.00%
• Median HH income: $46,632
• Composite: 42.05/100
• National rank: #3327
• State rank: #37 of 73 in FL

Livability — Lady Lake

• Score: 69/100
• State rank: #457
• US rank: #8302

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lady Lake, FL
• County: Lake County · 364,602 people
• City population: 32,107
• Metro: Orlando-Kissimmee-Sanford, FL
• Population (ZIP): 32,107
• Household income: $58,518
• Rent vs Own: 17.6% rent · 82.4% own
• Severe rent burden: 1047.0

Population outlook (Lake County) Hauer SSP2

• Today (2025): 386,640 people
• By 2030: 417,107 · +7.9%
• By 2040: 476,676 · +23.3%
• By 2050: 531,296 · +37.4%
• By 2075: 648,303 · +67.7%
• By 2100: 698,530 · +80.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (86%)
• Race & ethnicity: White 86% Hispanic / Latino 6% Two or more races 5% Black 4% Asian 1%
• Hispanic origin (detail): Puerto Rican 3%
• Common ancestry: Romanian 4% Lithuanian 3% Slovak 3%
• Foreign-born: 5% · Canada, Jamaica
• Languages at home: 93% English-only · Spanish 4% German/W. Germanic 1% Other Indo-European 1%

Political lean MEDSL · Lake

• 2024 margin: Strong R (+24.7) · D 37.3% · R 62.0%
• 2008→2024 swing: -11.2pp toward R · 2008: -13.5pp · 2024: -24.7pp
• All cycles: 2024: R+24.7 2020: R+20.0 2016: R+23.1 2012: R+17.1 2008: R+13.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -45.24%
• Current HPI: 237.6208
• Rent YoY: ▲ 4.03%
• Metro: Orlando-Kissimmee-Sanford, 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

+279.5% since first listed

21 events — show timeline

• 2026-05-04 Listed $170,000 Stellar MLS as Distributed by MLS Grid
• 2025-01-31 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2024-12-05 Price Changed $170,000 Stellar MLS as Distributed by MLS Grid
• 2024-12-05 Relisted — Stellar MLS as Distributed by MLS Grid
• 2024-12-02 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2024-11-02 Relisted — Stellar MLS as Distributed by MLS Grid
• 2024-11-02 Price Changed $175,000 Stellar MLS as Distributed by MLS Grid
• 2024-10-27 Pending — Stellar MLS as Distributed by MLS Grid
• 2024-09-30 Price Changed $179,000 Stellar MLS as Distributed by MLS Grid
• 2024-08-12 Price Changed $184,810 Stellar MLS as Distributed by MLS Grid
• 2024-07-01 Listed $189,810 Stellar MLS as Distributed by MLS Grid
• 2021-11-29 Sold (Public Records) $154,900 Public Records
• 2018-06-01 Sold (Public Records) $100,000 Public Records
• 2009-06-19 Sold (MLS) $58,000 Stellar MLS as Distributed by MLS Grid
• 2009-06-02 Listed $64,500 Stellar MLS as Distributed by MLS Grid
• 2008-12-08 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2008-11-24 Sold (Public Records) $139,500 Public Records
• 2008-09-14 Listed $79,900 Stellar MLS as Distributed by MLS Grid
• 2008-09-14 Listed $79,900 Stellar MLS as Distributed by MLS Grid
• 2002-12-02 Sold (Public Records) $80,000 Public Records
• 1988-11-01 Sold (Public Records) $44,800 Public Records

Property tax history

+14.4%/yr

Latest (2025): $2,670 · +6.3% YoY. Source: county tax records.