5493 Coronado St · Keystone Heights, FL 32656

$179,415

3 bd · 2.0 ba · 1,152 sqft · Manufactured public records · 26 Days on market

Built 1993 0.80 ac lot

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Why this score? — see what drove the D+ 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 +17.7/30.0
• ARV discount +7.5/15.0
• DSCR +5.5/10.0
• Schools +5.1/10.0
• 1% rule +4.3/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Nestled on nearly an acre in Keystone Heights, this home underwent a full renovation in 2023 and is move-in ready! Fresh flooring and paint throughout and beautiful kitchen and bathroom remodels. Brand new 2023 metal roof, AC, water heater and well pump. This secluded property also includes two detached structures with plenty of room for a workshop, storage or toys.

Key facts

• Metal roof
• Detached structures
• Full renovation

Tags

• FULL RENOVATION
• METAL ROOF
• DETACHED STRUCTURES

Property features AI

Finance

• HOA & community: Not a senior community

Exterior

• Parking: Other parking
• Utilities: Septic tank; Sewer connected; Water connected
• Home design: Manufactured home
• Exterior features: Lot approximately 0.8 acres

Interior

• Kitchen: Electric oven; Refrigerator
• Bedrooms: 3 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air
• Interior features: Central heating and central air conditioning
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $179k.

Deal economics

• At list price, monthly cash flow is $145 ($2k/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 $168k (6.6% below list).
• Recommended offer: $168k (6.6% below list) — sets the bar for 1% rule.
• Cap rate 7.3% vs local median 3.7% in Keystone Heights — 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 80/100 on livability (#109 in FL, #1,684 nationally) — a professional / high-income tenant draw. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F.
• Clay (suburban): math 58% / reading 59% proficiency, ranked #14 of 73 in FL (top 19%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Mcrae Elementary School (math 66% / reading 58%, grade B, #608 of 2,144 statewide, top 29%, 536 students, 100% FRL); Keystone Heights Junior/Senior High (math 48% / reading 47%, grade D, #204 of 667 statewide, top 31%, 1,205 students, 100% FRL) — zoned schools average 100% FRL vs 35% district-wide (65 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 327 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 1,876 units permitted in Clay County in 2024 (14 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 $5k of value loss. Plan a longer hold.
• Clay County population projected at +19% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 26 days — a 2% lower offer ($177k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 23y ago; this cycle's ask has dropped $11k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $100k; list at $179k implies a 79% 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; severe 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 $167,500 (6.6% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. Schools are A-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?
3. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.93% ✗
• Cap rate: 7.26%
• Cash-on-cash: 3.47%
• DSCR: 1.15
• GRM: 8.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -10.9%
• Equity multiple: 0.61×
• Total profit: $-19,835
• Equity at exit: $26,751

10-year hold

• IRR: -1.6%
• Equity multiple: 0.89×
• Total profit: $-5,412
• Equity at exit: $15,513

Cash invested: $50,236 (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 32656

• Home prices YoY: -7.4%
• Active inventory: 327
• Price-to-rent: 8.9×

Monthly cashflow live

• Estimated rent: $1,675 medium
• Mortgage (P&I): −$941
• Tax from tax record: −$162 /mo · $1,949/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$352
• Net cashflow: $145

Break-even live

Break-even rent $1,491

Max offer price $179,415

Occupancy floor 86%

Sensitivity live

Price	-10% $247	-5% $196	+0% $145	+5% $94	+10% $44
Rent	-10% $13	-5% $79	+0% $145	+5% $211	+10% $278
Rate	-1.0pp $236	-0.5pp $191	base $145	+0.5pp $99	+1.0pp $51

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: $44,854
• Closing costs: $5,382
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7559 Monongahela Ave Keystone Heights, FL	3.0	2.0	1152	$1,675	$1.45	9d	1	0.61mi

Listing history 19 events

1. 2026-05-17
   price $179,415
2. 2026-05-11
   price $185,000
3. 2026-05-04
   listed $190,000 Active
4. 2026-01-06
   soldstatus $100,000
5. 2026-01-06
   soldstatus $108,000
6. 2024-02-15
   soldstatus $180,000 Closed 368-char remark

   Show marketing remark (368 chars)

   Nestled on nearly an acre in Keystone Heights, this home underwent a full renovation in 2023 and is move-in ready! Fresh flooring and paint throughout and beautiful kitchen and bathroom remodels. Brand new 2023 metal roof, AC, water heater and well pump. This secluded property also includes two detached structures with plenty of room for a workshop, storage or toys.

7. 2024-02-15
   soldstatus $180,000

   Show marketing remark (368 chars)

   Nestled on nearly an acre in Keystone Heights, this home underwent a full renovation in 2023 and is move-in ready! Fresh flooring and paint throughout and beautiful kitchen and bathroom remodels. Brand new 2023 metal roof, AC, water heater and well pump. This secluded property also includes two detached structures with plenty of room for a workshop, storage or toys.

8. 2024-01-29
   status Pending 368-char remark

   Show marketing remark (368 chars)

   Nestled on nearly an acre in Keystone Heights, this home underwent a full renovation in 2023 and is move-in ready! Fresh flooring and paint throughout and beautiful kitchen and bathroom remodels. Brand new 2023 metal roof, AC, water heater and well pump. This secluded property also includes two detached structures with plenty of room for a workshop, storage or toys.

9. 2024-01-25
   price $187,500 368-char remark

   Show marketing remark (368 chars)

   Nestled on nearly an acre in Keystone Heights, this home underwent a full renovation in 2023 and is move-in ready! Fresh flooring and paint throughout and beautiful kitchen and bathroom remodels. Brand new 2023 metal roof, AC, water heater and well pump. This secluded property also includes two detached structures with plenty of room for a workshop, storage or toys.

10. 2024-01-02
    listed $189,000 Active 368-char remark

    Show marketing remark (368 chars)

    Nestled on nearly an acre in Keystone Heights, this home underwent a full renovation in 2023 and is move-in ready! Fresh flooring and paint throughout and beautiful kitchen and bathroom remodels. Brand new 2023 metal roof, AC, water heater and well pump. This secluded property also includes two detached structures with plenty of room for a workshop, storage or toys.

11. 2023-10-31
    soldstatus $45,000
12. 2007-10-25
    soldstatus $74,500
13. 2005-01-12
    soldstatus $47,000
14. 2003-10-31
    historical 252-char remark

    Show marketing remark (252 chars)

    Seller acquired property through foreclosure. Seller and agent make no representations or warranties,unaware of any defects or lead based paints. Being sold 'As Is'. All info to be verified by buyer. Special addendums are required. Lock box code #2468.

15. 2003-10-29
    soldstatus $31,000 252-char remark

    Show marketing remark (252 chars)

    Seller acquired property through foreclosure. Seller and agent make no representations or warranties,unaware of any defects or lead based paints. Being sold 'As Is'. All info to be verified by buyer. Special addendums are required. Lock box code #2468.

16. 2003-09-02
    listed $31,900 252-char remark

    Show marketing remark (252 chars)

    Seller acquired property through foreclosure. Seller and agent make no representations or warranties,unaware of any defects or lead based paints. Being sold 'As Is'. All info to be verified by buyer. Special addendums are required. Lock box code #2468.

17. 1999-05-07
    soldstatus $9,000
18. 1985-01-01
    soldstatus $7,400
19. 1982-12-01
    soldstatus $8,000

ⓘ 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: $1,949 · $162/mo
• Projected year-2 tax: $1,949 · $162/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 8/10 Severe
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°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: $20,100
• − Mortgage interest: −$10,050
• − Property taxes: −$1,949
• − Insurance: −$897
• − Repairs & maintenance: −$1,608
• − Management: −$1,608
• − Depreciation: −$5,219
• Taxable loss: −$1,231
• Est. tax savings @ 24.0%: +$295
• After-tax cash flow: $2,038/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: Clay
• NCES district ID: 1200300
• Math proficiency: 58% ▼ -8.00%
• Reading proficiency: 59% ▼ -3.00%
• Median HH income: $59,379
• Composite: 50.73/100
• National rank: #1815
• State rank: #14 of 73 in FL

Livability — Keystone Heights

• Score: 80/100
• State rank: #109
• US rank: #1684

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 15,630

Population outlook (Clay County) Hauer SSP2

• Today (2025): 230,495 people
• By 2030: 242,427 · +5.2%
• By 2040: 262,244 · +13.8%
• By 2050: 275,148 · +19.4%
• By 2075: 295,397 · +28.2%
• By 2100: 287,592 · +24.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (82%)
• Race & ethnicity: White 82% Two or more races 10% Hispanic / Latino 5% Black 4%
• Hispanic origin (detail): Mexican 2%
• Common ancestry: Lithuanian 3% Slovak 2% Portuguese 2%
• Foreign-born: 2% · Canada
• Languages at home: 98% English-only · Spanish 1%

Political lean MEDSL · Clay

• 2024 margin: Solid R (+39.3) · D 29.9% · R 69.2%
• 2008→2024 swing: +3.6pp toward D · 2008: -42.8pp · 2024: -39.3pp
• All cycles: 2024: R+39.3 2020: R+37.1 2016: R+44.3 2012: R+45.8 2008: R+42.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -27.65%
• Current HPI: 344.7744
• 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

+2142.7% since first listed

19 events — show timeline

• 2026-05-17 Price Changed $179,415 realMLS
• 2026-05-11 Price Changed $185,000 realMLS
• 2026-05-04 Listed $190,000 realMLS
• 2026-01-06 Sold (Public Records) $108,000 Public Records
• 2026-01-06 Sold (Public Records) $100,000 Public Records
• 2024-02-15 Sold (Public Records) $180,000 Public Records
• 2024-02-15 Sold (MLS) $180,000 realMLS
• 2024-01-29 Pending — realMLS
• 2024-01-25 Price Changed $187,500 realMLS
• 2024-01-02 Listed $189,000 realMLS
• 2023-10-31 Sold (Public Records) $45,000 Public Records
• 2007-10-25 Sold (Public Records) $74,500 Public Records
• 2005-01-12 Sold (Public Records) $47,000 Public Records
• 2003-10-31 Listing Removed — realMLS
• 2003-10-29 Sold (MLS) $31,000 realMLS
• 2003-09-02 Listed $31,900 realMLS
• 1999-05-07 Sold (Public Records) $9,000 Public Records
• 1985-01-01 Sold (Public Records) $7,400 Public Records
• 1982-12-01 Sold (Public Records) $8,000 Public Records

Property tax history

+15.9%/yr

Latest (2025): $1,949 · +19.5% YoY. Source: county tax records.