1520 Park Dr · Casselberry, FL 32707

$120,000

2 bd · 1.0 ba · 965 sqft · Manufactured public records · 26 Days on market

Built 1952 7,470 sqft lot Est $214k · 44% 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 +30.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +9.9/10.0
• Schools +5.1/10.0
• Livability +3.7/5.0
• Rent growth +3.0/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Adorable 3 bedroom, 1 bath Mobile/Manufactured home in a quiet neighborhood. This well maintained home features a spacious living room with plenty of natural light. The master bedroom is roomy and there are 2 additional bedrooms for guests. The eat in kitchen comes with refrigerator and gas stove. Large storage room includes washer and dryer ready to use. Enjoy the outdoors without the bugs, relaxing on your screened in porch. Plenty of room for Fido to run and play in the large, fully fenced yard. No HOA! This cozy, affordable home would make a great first home for a young couple, retiree or someone looking for a nice income property. Sold As Is, Cash only. Hurry and schedule your showing before it's gone!

Key facts

• Workshop area
• Screened porch
• Fully fenced yard

Tags

• FULLY FENCED YARD
• SCREENED PORCH
• ADDITIONAL STORAGE
• WORKSHOP AREA
• QUICK ACCESS TO US-17/92

Property features AI

Finance

• Other: Zoned RMH-8; Lot approximately 0.17 acre (75 x 100); Road surface: asphalt
• Financial info: No lease restrictions indicated

Exterior

• Parking: Oversized carport; 1 carport space
• Utilities: Public water; Public sewer; Electricity connected
• Home design: Residential mobile home (double wide); One story; North-facing
• Construction: Metal frame construction; Wood siding; Membrane roof; Crawlspace foundation; Other foundation type
• Exterior features: Covered, enclosed and screened front porch/patio; Patio; Porch; Chain link fencing; Cleared lot; Storage; Workshop

Interior

• Kitchen: Range; Range hood; Refrigerator; No additional built-in appliance information
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Vinyl
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air; No heating or cooling in some areas
• Interior features: Other interior features; Private mailbox; Storage
• Laundry & utility: Inside laundry room; Washer; Dryer

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $120k.

Deal economics

• At list price, monthly cash flow is $593 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $120k).
• Recommended offer: $118k (1.5% below list) — sets the bar for market timing.
• Cap rate 12.2% vs local median 4.1% in Casselberry — 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 (#314 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A-; Watch: crime C-, employment C-, amenities F.
• Seminole (suburban): math 57% / reading 61% proficiency, ranked #13 of 73 in FL (top 18%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising (+2.1%/yr); 189 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals leasing fast (median 6d on market — plan ~1-2 weeks tenant-placement turnaround); 1,979 units permitted in Seminole County in 2024 (1,191 in 5+ unit buildings).
• This rent runs 31% of the median local income ($69k/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 $830 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Seminole County population projected at +24% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 2.1% rent growth), your $34k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 26 days — a 2% lower offer ($118k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 10y ago; this cycle's ask has dropped $20k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $55k; list at $120k implies a 118% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1952 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $118,200 (1.5% below list)

Questions for the listing agent

1. Built in 1952 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 1.49% ✓
• Cap rate: 12.22%
• Cash-on-cash: 21.18%
• DSCR: 1.94
• GRM: 5.6

CMA / ARV

• ARV (on-the-fly): $214,230
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1413 Lake Shore Dr	0.24mi	2/1.0	914 (-5%)	8mo	$85,000	$93	73
1408 Easton Way	0.27mi	3/2.0 (+1)	924 (-4%)	5mo	$205,000	$222	67

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 · 2.09% rent growth · sell at horizon

5-year hold

• IRR: 12.6%
• Equity multiple: 1.50×
• Total profit: $16,730
• Equity at exit: $17,892

10-year hold

• IRR: 20.8%
• Equity multiple: 2.69×
• Total profit: $56,761
• Equity at exit: $10,375

Cash invested: $33,600 (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 32707

• Rents YoY: 2.1%
• Active inventory: 189
• Price-to-rent: 5.6×

Monthly cashflow live

• Estimated rent: $1,788 high
• Mortgage (P&I): −$629
• Tax from tax record: −$140 /mo · $1,682/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$375
• Net cashflow: $593

Break-even live

Break-even rent $1,037

Max offer price $120,000

Occupancy floor 62%

Sensitivity live

Price	-10% $661	-5% $627	+0% $593	+5% $559	+10% $525
Rent	-10% $452	-5% $523	+0% $593	+5% $664	+10% $734
Rate	-1.0pp $654	-0.5pp $624	base $593	+0.5pp $562	+1.0pp $530

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: $30,000
• Closing costs: $3,600
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1131 Castle Wood Ter Casselberry, FL	1.0–3.0	1.0–2.0	1003	$1,364	$1.36	6d	1	0.76mi
700 Crestview Dr Casselberry, FL	2.0	1.5	720	$1,550	$2.15	24d	1	0.95mi
421 S Hawthorn Cir Winter Springs, FL	3.0	2.0	1052	$2,070	$1.97	6d	1	1.05mi
226 Panorama Dr Winter Springs, FL	3.0	2.0	1100	$1,750	$1.59	6d	1	1.30mi
213 S Moss Rd Winter Springs, FL	2.0	1.5	930	$1,495	$1.61	24d	1	1.32mi
213 S Moss Rd Unit 213 Winter Springs, FL	2.0	1.5	930	$1,495	$1.61	22d	1	1.32mi
617 E Helm Way Casselberry, FL	3.0	1.0	1000	$1,995	$2.00	6d	1	1.32mi
291 Ivey Rd Casselberry, FL	3.0	2.0	1100	$2,190	$1.99	4d	1	1.46mi

Listing history 12 events

1. 2026-06-07
   remarks 684-char remark
2. 2026-06-07
   status $120,000 Pending 26 DOM
3. 2026-06-04
   days on market $120,000 Active 26 DOM
4. 2026-06-03
   days on market $120,000 Active 25 DOM
5. 2026-06-02
   days on market $120,000 Active 24 DOM
6. 2026-06-01
   days on market $120,000 Active 23 DOM
7. 2026-05-31
   days on market $120,000 Active 22 DOM
8. 2026-05-09
   listed $140,000 Active
9. 2016-09-12
   soldstatus $55,000
10. 2016-08-12
    soldstatus $55,000 Sold 717-char remark

    Show marketing remark (717 chars)

    Adorable 3 bedroom, 1 bath Mobile/Manufactured home in a quiet neighborhood. This well maintained home features a spacious living room with plenty of natural light. The master bedroom is roomy and there are 2 additional bedrooms for guests. The eat in kitchen comes with refrigerator and gas stove. Large storage room includes washer and dryer ready to use. Enjoy the outdoors without the bugs, relaxing on your screened in porch. Plenty of room for Fido to run and play in the large, fully fenced yard. No HOA! This cozy, affordable home would make a great first home for a young couple, retiree or someone looking for a nice income property. Sold As Is, Cash only. Hurry and schedule your showing before it's gone!

11. 2016-07-22
    status Pending 717-char remark

    Show marketing remark (717 chars)

    Adorable 3 bedroom, 1 bath Mobile/Manufactured home in a quiet neighborhood. This well maintained home features a spacious living room with plenty of natural light. The master bedroom is roomy and there are 2 additional bedrooms for guests. The eat in kitchen comes with refrigerator and gas stove. Large storage room includes washer and dryer ready to use. Enjoy the outdoors without the bugs, relaxing on your screened in porch. Plenty of room for Fido to run and play in the large, fully fenced yard. No HOA! This cozy, affordable home would make a great first home for a young couple, retiree or someone looking for a nice income property. Sold As Is, Cash only. Hurry and schedule your showing before it's gone!

12. 2016-07-15
    listed $60,000 Active 717-char remark

    Show marketing remark (717 chars)

    Adorable 3 bedroom, 1 bath Mobile/Manufactured home in a quiet neighborhood. This well maintained home features a spacious living room with plenty of natural light. The master bedroom is roomy and there are 2 additional bedrooms for guests. The eat in kitchen comes with refrigerator and gas stove. Large storage room includes washer and dryer ready to use. Enjoy the outdoors without the bugs, relaxing on your screened in porch. Plenty of room for Fido to run and play in the large, fully fenced yard. No HOA! This cozy, affordable home would make a great first home for a young couple, retiree or someone looking for a nice income property. Sold As Is, Cash only. Hurry and schedule your showing before it's gone!

ⓘ 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: $1,682 · $140/mo
• Projected year-2 tax: $1,682 · $140/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 1/10 Low
• 🌡 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 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,457
• − Mortgage interest: −$6,722
• − Property taxes: −$1,682
• − Insurance: −$600
• − Repairs & maintenance: −$1,717
• − Management: −$1,717
• − Depreciation: −$3,491
• Taxable income: $5,529
• Est. tax owed @ 24.0%: −$1,327
• After-tax cash flow: $5,791/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: Seminole
• NCES district ID: 1201710
• Math proficiency: 57% ▼ -7.00%
• Reading proficiency: 61% ▼ -1.00%
• Median HH income: $58,478
• Composite: 51.05/100
• National rank: #1769
• State rank: #13 of 73 in FL

Livability — Casselberry

• Score: 73/100
• State rank: #314
• US rank: #5320

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Casselberry, FL
• County: Seminole County · 436,154 people
• City population: 45,584
• Metro: Orlando-Kissimmee-Sanford, FL
• Population (ZIP): 39,493
• Household income: $69,113
• Rent vs Own: 34.2% rent · 65.8% own
• Severe rent burden: 1482.0

Population outlook (Seminole County) Hauer SSP2

• Today (2025): 515,494 people
• By 2030: 545,713 · +5.9%
• By 2040: 598,068 · +16.0%
• By 2050: 640,663 · +24.3%
• By 2075: 724,461 · +40.5%
• By 2100: 755,530 · +46.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.61)
• Race & ethnicity: White 56% Hispanic / Latino 27% Two or more races 14% Black 10% Asian 4%
• Hispanic origin (detail): Mexican 3% Puerto Rican 12% Cuban 4% Dominican 2%
• Common ancestry: Hispanic 3% Romanian 2% Lithuanian 2%
• Foreign-born: 15% · Canada, Jamaica, China
• Languages at home: 76% English-only · Spanish 18% French/Haitian/Cajun 2% Other Indo-European 1%

Political lean MEDSL · Seminole

• 2024 margin: Toss-up / Even · D 47.6% · R 51.1% · Other 1.3%
• 2008→2024 swing: -0.8pp no change · 2008: -2.8pp · 2024: -3.5pp
• All cycles: 2024: R+3.5 2020: D+2.8 2016: R+1.6 2012: R+6.5 2008: R+2.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -251.90%
• Current HPI: 342.1006
• Rent YoY: ▲ 2.09%
• 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

+133.3% since first listed

5 events — show timeline

• 2026-05-09 Listed $140,000 Stellar MLS as Distributed by MLS Grid
• 2016-09-12 Sold (Public Records) $55,000 Public Records
• 2016-08-12 Sold (MLS) $55,000 Stellar MLS as Distributed by MLS Grid
• 2016-07-22 Pending — Stellar MLS as Distributed by MLS Grid
• 2016-07-15 Listed $60,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+37.3%/yr

Latest (2025): $1,682 · +14.4% YoY. Source: county tax records.