714 Bass St · Leesburg, FL 34748

$19,900

2 bd · 1.0 ba · — sqft · SingleFamily · 12 Days on market

Built 1980

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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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Schools +4.2/10.0
• Livability +3.1/5.0
• Condition / age +2.5/5.0
• Rent growth +2.3/5.0
• Appreciation +0.0/10.0

Listing remarks

If you love fishing and boating this is the perfect home for you! Access to Lake Griffin, part of the Chain of Lakes, is well known for its excellent bass fishing. Charming remodeled 2-bedroom, 1-bath mobile home in a welcoming senior community just one block from Lake Griffin. This move-in ready home features a BRAND NEW air conditioner, new heavy plywood subfloors, and a durable metal roof-over, giving you peace of mind from day one. Inside, you'll find a fully equipped kitchen with all appliances included, refrigerator, stove, microwave, washer, and dryer, plus a few furnishings to make the transition easy. Step outside to a spacious 10x20 screened porch, covered carport parking for two

Key facts

• Shop utility shed
• Fishing pier
• Screened porch

Tags

• ACCESS TO LAKE GRIFFIN
• FISHING PIER
• BOAT RAMP
• SCREENED PORCH
• COVERED CARPORT PARKING
• SHOP UTILITY SHED

Property features AI

Exterior

• Home design: House
• Exterior features: 400 (lot size unit not specified)

Interior

• Interior features: 600 finished living area

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $20k.

Deal economics

• At list price, monthly cash flow is $953 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $20k).
• Cap rate 63.8% vs local median 4.4% in Leesburg — 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 62/100 on livability (#751 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools D+, crime D, amenities 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 soft (-0.9%/yr); 797 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 4,799 units permitted in Lake County in 2024 (814 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $138 of loan paydown is wiped out by about $597 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 + 0.0% rent growth), your $6k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• Only 12 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• 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 $19,900

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 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?
3. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
4. 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?
5. 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.
6. 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.
7. 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: 6.94% ✓
• Cap rate: 63.78%
• Cash-on-cash: 205.30%
• DSCR: 10.13
• GRM: 1.2

CMA / ARV

No comps found within radius.

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1107 N Palmetto St	0.52mi	2/2.0	1,388	6mo	$232,500	$168	54
1001 Oak Dr	0.65mi	2/1.0	847	7mo	$160,000	$189	51
1017 Shore Acres Dr	0.52mi	3/3.0 (+1)	3,079	1mo	$700,000	$227	50
1110 Cedar St	0.56mi	2/1.5	1,046	13mo	$235,000	$225	49
509 Lee St	0.59mi	3/1.0 (+1)	1,265	9mo	$265,000	$209	48
802 Lee St	0.51mi	3/2.5 (+1)	1,490	8mo	$199,000	$134	46
915 Lee St	0.57mi	3/2.0 (+1)	1,405	7mo	$225,000	$160	46
904 Oak Dr	0.59mi	2/1.0	887	21mo	$120,000	$135	43
1112 Oak Dr	0.73mi	2/1.0	852	14mo	$130,000	$153	42
1016 Perkins St	0.72mi	3/1.5 (+1)	1,137	6mo	$175,000	$154	42
911 Oak Dr	0.62mi	3/2.0 (+1)	1,120	14mo	$167,937	$150	38
912 Adams St	0.65mi	3/2.0 (+1)	700	23mo	$187,000	$267	29

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 10.60×
• Total profit: $53,464
• Equity at exit: $2,967

10-year hold

• IRR: —
• Equity multiple: 20.59×
• Total profit: $109,181
• Equity at exit: $1,721

Cash invested: $5,572 (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 34748

• Home prices YoY: -25.3%
• Rents YoY: -0.9%
• Active inventory: 797
• Price-to-rent: 1.2×

Monthly cashflow live

• Estimated rent: $1,381 high
• Mortgage (P&I): −$104
• Tax est. 1.5%: −$25 /mo · $298/yr
• Insurance: −$8
• HOA: −$0
• Vacancy / Maint / Mgmt: −$290
• Net cashflow: $953

Break-even live

Break-even rent $174

Max offer price $19,900

Occupancy floor 26%

Sensitivity live

Price	-10% $967	-5% $960	+0% $953	+5% $946	+10% $940
Rent	-10% $844	-5% $899	+0% $953	+5% $1,008	+10% $1,062
Rate	-1.0pp $963	-0.5pp $958	base $953	+0.5pp $948	+1.0pp $943

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: $4,975
• Closing costs: $597
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
643 W Oak Terrace Dr Unit B1 Leesburg, FL	2.0	2.0	1089	$1,300	$1.19	25d	1	0.43mi
706 Lee St Apt B Leesburg, FL	2.0	1.0	860	$1,200	$1.40	25d	1	0.48mi
306 Perkins St Leesburg, FL	1.0	1.0	750	$999	$1.33	25d	1	0.75mi
420 Mills St Leesburg, FL	1.0	1.0	576	$999	$1.73	4d	2	0.75mi
1197 Bentley Rd Leesburg, FL	2.0	1.5	938	$1,379	$1.47	25d	1	0.82mi
1175 Bentley Rd Leesburg, FL	2.0–3.0	1.0–1.5	938	$1,379	$1.47	4d	3	0.83mi
1185 Bentley Rd Leesburg, FL	1.0	1.0	629	$1,099	$1.75	25d	1	0.83mi
1195 Bentley Rd Leesburg, FL	1.0	1.0	629	$1,099	$1.75	25d	1	0.84mi
1187 Bentley Rd Unit 1 Leesburg, FL	3.0	1.0	909	$1,459	$1.61	4d	1	0.86mi
1202 Glenridge Dr Leesburg, FL	3.0	2.0	—	$1,875	—	25d	1	0.88mi
815 Washington St Unit 201 Leesburg, FL	1.0	1.0	421	$1,099	$2.61	6d	1	0.89mi
910 Kolb St Unit D Leesburg, FL	1.0	1.0	—	$900	—	25d	1	0.90mi
1112 W Main St Unit B-5 Leesburg, FL	2.0	2.0	1000	$1,400	$1.40	25d	1	0.90mi
420 S Palmetto St Leesburg, FL	1.0	1.0	632	$1,250	$1.98	25d	1	0.92mi
325 S 2nd St Unit 206 Leesburg, FL	2.0	2.0	1000	$1,700	$1.70	6d	1	0.93mi
400 S 6th St Leesburg, FL	2.0	1.0	700	$1,250	$1.79	25d	1	0.93mi
904 Lilly St Unit Half Leesburg, FL	1.0	1.0	—	$999	—	25d	1	0.94mi
912 Lilly St Unit D Leesburg, FL	1.0	1.0	—	$800	—	25d	1	0.96mi
200 S 11th St Leesburg, FL	2.0	2.0	1379	$1,675	$1.21	25d	1	0.97mi
200 S 11th St Unit 102 Leesburg, FL	2.0	2.5	1379	$1,675	$1.21	25d	1	0.97mi
4 S 12th St Unit 4 Leesburg, FL	1.0	1.0	—	$1,250	—	17d	1	0.98mi
415 S 9th St Leesburg, FL	3.0	2.5	1757	$2,400	$1.37	25d	1	1.00mi
909 Lilly St Unit 4 Leesburg, FL	1.0	1.0	—	$1,020	—	21d	1	1.01mi
301 S 11th St Leesburg, FL	2.0	1.0	816	$1,450	$1.78	25d	1	1.02mi
202 Fernwood St Leesburg, FL	2.0	2.0	1045	$1,650	$1.58	25d	1	1.09mi
1411 Hill St Leesburg, FL	2.0	1.0	1000	$1,150	$1.15	25d	1	1.16mi
1415 Hill St Leesburg, FL	2.0	1.0	1000	$1,150	$1.15	25d	1	1.17mi
1419 Hill St Leesburg, FL	2.0	1.0	840	$1,120	$1.33	25d	1	1.17mi
913 Sumter St Unit 102 Leesburg, FL	2.0	2.0	1080	$1,395	$1.29	19d	1	1.18mi
716 Marietta St Leesburg, FL	3.0	2.0	1250	$1,600	$1.28	25d	1	1.24mi
904 S Lake St Leesburg, FL	1.0–3.0	1.0–2.0	1140	$1,844	$1.62	4d	41	1.28mi
1508 W Main St Unit 2 Leesburg, FL	1.0	1.0	600	$815	$1.36	6d	1	1.30mi
1020 Birchwood Ct Unit 2 Leesburg, FL	2.0	1.0	1230	$1,250	$1.02	19d	1	1.30mi
1 Herald Dr Leesburg, FL	2.0	1.0–1.5	970	$1,524	$1.57	6d	4	1.32mi
1711 Birchwood Cir Unit 2 Leesburg, FL	2.0	1.0	770	$900	$1.17	25d	1	1.33mi
813 S 9th St Leesburg, FL	2.0	2.0	1400	$2,000	$1.43	25d	1	1.33mi
1223 Pamela St Leesburg, FL	2.0	1.0	894	$1,399	$1.56	25d	1	1.36mi
1801 Center St Unit 2 Leesburg, FL	2.0	1.0	754	$1,300	$1.72	25d	1	1.39mi
1220 W Dixie Ave Leesburg, FL	3.0	2.0	1304	$1,600	$1.23	6d	1	1.41mi
200 S Moss St Leesburg, FL	3.0	2.0	968	$1,500	$1.55	25d	1	1.42mi

Listing history 12 events

1. 2026-06-21
   days on market $19,900 Active 12 DOM
2. 2026-06-18
   days on market $19,900 Active 9 DOM
3. 2026-06-17
   days on market $19,900 Active 8 DOM
4. 2026-06-16
   days on market $19,900 Active 7 DOM
5. 2026-06-15
   days on market $19,900 Active 6 DOM
6. 2026-06-13
   days on market $19,900 Active 4 DOM
7. 2026-06-10
   pricedays on marketlisting id $19,900 Active 1 DOM
8. 2026-06-09
   days on market $20,000 Active 5 DOM
9. 2026-06-08
   days on market $20,000 Active 4 DOM
10. 2026-06-07
    days on market $20,000 Active 3 DOM
11. 2026-06-04
    remarks 699-char remark
12. 2026-06-04
    listed $20,000 Active 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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 ≥107°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 · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,569
• − Mortgage interest: −$1,115
• − Property taxes: −$298
• − Insurance: −$100
• − Repairs & maintenance: −$1,326
• − Management: −$1,326
• − Depreciation: −$579
• Taxable income: $11,826
• Est. tax owed @ 24.0%: −$2,838
• After-tax cash flow: $8,601/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 — Leesburg

• Score: 62/100
• State rank: #751
• US rank: #16429

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Leesburg, FL
• County: Lake County · 364,602 people
• City population: 70,232
• Metro: Orlando-Kissimmee-Sanford, FL
• Population (ZIP): 48,095
• Household income: $58,192
• Rent vs Own: 24.9% rent · 75.1% own
• Severe rent burden: 1745.0

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: Majority White (64%)
• Race & ethnicity: White 64% Black 16% Hispanic / Latino 15% Two or more races 9% Asian 1%
• Hispanic origin (detail): Mexican 4% Puerto Rican 5% Cuban 3%
• Common ancestry: Romanian 3% Lithuanian 3% Slovak 2%
• Foreign-born: 9% · Canada, Vietnam, Jamaica
• Languages at home: 88% English-only · Spanish 10% French/Haitian/Cajun 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: ▼ -88.97%
• Current HPI: 262.1766
• Rent YoY: ▼ -0.95%
• 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

1 event — show timeline

• 2026-06-04 Listed $20,000 ForSaleByOwner.com