14512 SE County Road 230a · Starke, FL 32091

$139,000

3 bd · 2.0 ba · 1,064 sqft · Manufactured public records · 48 Days on market

Built 1985 0.35 ac lot Est $182k · 24% 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 +25.6/30.0
• ARV discount +15.0/15.0
• DSCR +8.5/10.0
• 1% rule +5.8/10.0
• Schools +3.6/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Move-in ready and FULLY UPDATED--this one is ready to be called HOME! This beautifully renovated 3 bedroom, 2 bathroom 1990 single-wide offers modern upgrades throughout with peace of mind for years to come. Enjoy a brand NEW HVAC (2026), NEW water heater (2026), NEW septic system (2023), and a metal roof (2019). Step inside to find all new sub-flooring and stunning luxury click-and-lock laminate flooring flowing through an open, inviting floor plan. The completely updated kitchen features new cabinets, countertops, and appliances--perfect for everyday living or entertaining. Situated just off a paved road on the outskirts of town, you'll enjoy a quiet setting while still being close to everything. With major systems already updated, this home is ideal for buyers looking for low-maintenance living at an affordable price. Don't miss this opportunity--schedule your showing today! 2nd set Home

Key facts

• Metal roof
• Fully updated
• New hvac

Tags

• FULLY UPDATED
• NEW HVAC
• NEW WATER HEATER
• NEW SEPTIC SYSTEM
• METAL ROOF
• UPDATED KITCHEN

Property features AI

Finance

• Other: Property type: Residential; Lot size approximately 0.35 acres (1/4 to less than 1/2 acre)
• Financial info: No additional financial details provided
• HOA & community: No HOA

Exterior

• Parking: No parking details provided
• Security: No security details provided
• Utilities: Well water; Septic tank; Electricity connected; Water connected
• Home design: Manufactured home (single wide); One story; Faces East; Entry level: One
• Construction: Metal siding; Metal roof; Crawlspace foundation; Built as a manufactured home
• Exterior features: Other exterior features; Asphalt road access

Interior

• Kitchen: Convection oven; Dishwasher; Microwave; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Eat-in kitchen; Living room/dining room combo; Water filtration system
• Laundry & utility: Laundry: Other; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $139k.

Deal economics

• At list price, monthly cash flow is $329 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $139k).
• Recommended offer: $135k (3.0% below list) — sets the bar for market timing.
• Cap rate 9.1% vs local median 3.5% in Starke — 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 72/100 on livability (#336 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities D, commute F, employment F.
• Bradford (town): math 43% / reading 42% proficiency, ranked #57 of 73 in FL (top 78%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 60% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 153 active listings in the ZIP; 93 units permitted in Bradford County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $961 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Bradford County population projected at -25% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 48 days — a 3% lower offer ($135k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $26k (16%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $134,830 (3.0% below list)

Questions for the listing agent

1. It's been on market 48 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. 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.
4. 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.
5. 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: 1.08% ✓
• Cap rate: 9.13%
• Cash-on-cash: 10.14%
• DSCR: 1.45
• GRM: 7.7

CMA / ARV

• ARV (on-the-fly): $181,944
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
14681 SE Cr 230a	0.18mi	2/2.0 (-1)	938 (-12%)	10mo	$160,000	$171	58
14745 SE 25th Ln	0.46mi	3/1.5	1,104 (+4%)	23mo	$35,000	$32	51

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: -1.1%
• Equity multiple: 0.96×
• Total profit: $-1,617
• Equity at exit: $20,725

10-year hold

• IRR: 8.6%
• Equity multiple: 1.65×
• Total profit: $25,403
• Equity at exit: $12,018

Cash invested: $38,920 (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 32091

• Home prices YoY: -10.6%
• Active inventory: 153
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $1,505 medium
• Mortgage (P&I): −$729
• Tax from tax record: −$73 /mo · $876/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$316
• Net cashflow: $329

Break-even live

Break-even rent $1,088

Max offer price $139,000

Occupancy floor 73%

Sensitivity live

Price	-10% $408	-5% $368	+0% $329	+5% $290	+10% $250
Rent	-10% $210	-5% $269	+0% $329	+5% $388	+10% $448
Rate	-1.0pp $399	-0.5pp $364	base $329	+0.5pp $293	+1.0pp $256

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: $34,750
• Closing costs: $4,170
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-06-18
   days on market $139,000 Active 48 DOM
2. 2026-06-17
   price $139,000 Active 47 DOM
3. 2026-06-17
   days on market $165,500 Active 47 DOM
4. 2026-06-16
   days on market $165,500 Active 46 DOM
5. 2026-06-15
   days on market $165,500 Active 45 DOM
6. 2026-06-14
   days on market $165,500 Active 43 DOM
7. 2026-06-13
   days on market $165,500 Active 42 DOM
8. 2026-06-10
   days on market $165,500 Active 40 DOM
9. 2026-06-09
   days on market $165,500 Active 39 DOM
10. 2026-06-08
    days on market $165,500 Active 38 DOM
11. 2026-06-07
    days on market $165,500 Active 37 DOM
12. 2026-06-03
    days on market $165,500 Active 33 DOM
13. 2026-06-02
    days on market $165,500 Active 32 DOM
14. 2026-06-01
    days on market $165,500 Active 31 DOM
15. 2026-05-31
    days on market $165,500 Active 30 DOM
16. 2026-05-30
    days on market $165,500 Active 29 DOM
17. 2026-05-01
    listed $165,500 Active 907-char remark

    Show marketing remark (907 chars)

    Move-in ready and FULLY UPDATED--this one is ready to be called HOME! This beautifully renovated 3 bedroom, 2 bathroom 1990 single-wide offers modern upgrades throughout with peace of mind for years to come. Enjoy a brand NEW HVAC (2026), NEW water heater (2026), NEW septic system (2023), and a metal roof (2019). Step inside to find all new sub-flooring and stunning luxury click-and-lock laminate flooring flowing through an open, inviting floor plan. The completely updated kitchen features new cabinets, countertops, and appliances--perfect for everyday living or entertaining. Situated just off a paved road on the outskirts of town, you'll enjoy a quiet setting while still being close to everything. With major systems already updated, this home is ideal for buyers looking for low-maintenance living at an affordable price. Don't miss this opportunity--schedule your showing today! 2nd set Home

18. 2026-05-01
    listed $165,500 Active

    Show marketing remark (907 chars)

    Move-in ready and FULLY UPDATED--this one is ready to be called HOME! This beautifully renovated 3 bedroom, 2 bathroom 1990 single-wide offers modern upgrades throughout with peace of mind for years to come. Enjoy a brand NEW HVAC (2026), NEW water heater (2026), NEW septic system (2023), and a metal roof (2019). Step inside to find all new sub-flooring and stunning luxury click-and-lock laminate flooring flowing through an open, inviting floor plan. The completely updated kitchen features new cabinets, countertops, and appliances--perfect for everyday living or entertaining. Situated just off a paved road on the outskirts of town, you'll enjoy a quiet setting while still being close to everything. With major systems already updated, this home is ideal for buyers looking for low-maintenance living at an affordable price. Don't miss this opportunity--schedule your showing today! 2nd set Home

ⓘ 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: $876 · $73/mo
• Projected year-2 tax: $1,154 · $96/mo
• Expected delta: +$278/yr (+$23/mo · 31.7%)

ⓘ 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 6/10 Major
• 🌡 Heat 8/10 Severe 7 d/yr ≥107°F today · 20 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 · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,056
• − Mortgage interest: −$7,786
• − Property taxes: −$876
• − Insurance: −$695
• − Repairs & maintenance: −$1,444
• − Management: −$1,444
• − Depreciation: −$4,044
• Taxable income: $1,767
• Est. tax owed @ 24.0%: −$424
• After-tax cash flow: $3,522/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: Bradford
• NCES district ID: 1200120
• Math proficiency: 43% ▼ -9.00%
• Reading proficiency: 42% ▼ -3.00%
• Median HH income: $41,661
• Composite: 35.78/100
• National rank: #4840
• State rank: #57 of 73 in FL

Livability — Starke

• Score: 72/100
• State rank: #336
• US rank: #5839

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 16,062
• Population (ZIP): 16,062

Population outlook (Bradford County) Hauer SSP2

• Today (2025): 24,999 people
• By 2030: 23,895 · -4.4%
• By 2040: 21,329 · -14.7%
• By 2050: 18,681 · -25.3%
• By 2075: 13,557 · -45.8%
• By 2100: 9,228 · -63.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (69%)
• Race & ethnicity: White 69% Black 20% Hispanic / Latino 6% Two or more races 6%
• Hispanic origin (detail): Puerto Rican 4%
• Common ancestry: Lithuanian 3% Serbian 1% Slovak 1%
• Foreign-born: 3% · Canada, Mexico, Jamaica
• Languages at home: 97% English-only · Spanish 2%

Political lean MEDSL · Bradford

• 2024 margin: Solid R (+57.2) · D 21.1% · R 78.4%
• 2008→2024 swing: -16.9pp toward R · 2008: -40.3pp · 2024: -57.2pp
• All cycles: 2024: R+57.2 2020: R+52.6 2016: R+49.5 2012: R+42.1 2008: R+40.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -36.09%
• Current HPI: 305.3668
• 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

+0.0% since first listed

2 events — show timeline

• 2026-05-01 Listed $165,500 Stellar MLS as Distributed by MLS Grid
• 2026-05-01 Listed $165,500 realMLS

Property tax history

+7.5%/yr

Latest (2025): $876 · +44.4% YoY. Source: county tax records.