11334 Layton St · Silver Lake, FL 34788

$185,000

3 bd · 1.0 ba · 1,000 sqft · SingleFamily public records · 17 Days on market

Built 1979 0.46 ac lot Est $192k · at est.

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Why this score? — see what drove the C- 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 +21.0/30.0
• ARV discount +9.1/15.0
• DSCR +6.7/10.0
• 1% rule +5.1/10.0
• Schools +4.2/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Cute 3 bedroom 1 bath home on . 45 acre. Carport and detached garage/workshop with fenced in yard. Sliding glass doors lead you to a screened in porch and then stroll on out to the covered patio that leads you to a peaceful backyard setting. Conveniently located, you'll enjoy easy access to shopping, restaurants, entertainment, schools and hospital. Call to schedule your showing today!

Key facts

• Carport
• Covered patio
• Screened porch

Tags

• CARPORT
• DETACHED GARAGE
• FENCED BACKYARD
• SCREENED PORCH
• COVERED PATIO

Property features AI

Finance

• Other: Property zoned R-6; Homestead status indicated
• HOA & community: No HOA/association indicated

Exterior

• Parking: Attached garage (1 car); Carport (1 car)
• Utilities: Public water; Septic tank sewer; Cable available; Electricity connected
• Home design: Single-family residence; One story; Faces north
• Construction: Block construction; Shingle roof; Slab foundation; Built on a lot of about 0.46 acres
• Exterior features: Covered patio/porch; Sliding doors; Paved road frontage; Lot dimensions approximately 100 x 200

Interior

• Kitchen: Microwave; Range; Refrigerator; Water softener
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Laminate
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Kitchen/family room combo; Thermostat
• Laundry & utility: Electric dryer hookup; Laundry inside

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $185k.

Deal economics

• At list price, monthly cash flow is $259 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $185k).
• Recommended offer: $182k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.0% vs local median 5.1% in Silver 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 65/100 on livability (#644 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, cost of living A; Watch: schools F, 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: 285 active listings in the ZIP; 4 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 41% of the median local income ($54k/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 $6k 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.

Negotiation context

• It's been on market 17 days — a 2% lower offer ($182k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 5y 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→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $182,225 (1.5% below list)

Questions for the listing agent

1. Built in 1979 — 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 F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 1.01% ✓
• Cap rate: 7.98%
• Cash-on-cash: 6.01%
• DSCR: 1.27
• GRM: 8.3

CMA / ARV

• ARV (on-the-fly): $192,000
• Comps found: 8

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
34340 Oak Ave	0.31mi	2/1.0 (-1)	962 (-4%)	2mo	$185,000	$192	72
34826 Learn Rd	0.58mi	2/2.0 (-1)	972 (-3%)	2mo	$320,000	$329	57
11626 Fairmont Ave	0.34mi	3/2.0	864 (-14%)	10mo	$55,000	$64	49
10830 Anna Belle Ave	0.67mi	3/2.0	1,032 (+3%)	16mo	$220,000	$213	46
11331 Northern Ave	0.57mi	3/1.0	1,108 (+11%)	15mo	$199,222	$180	43
11916 Ocklawaha Dr	0.58mi	3/2.0	1,120 (+12%)	19mo	$252,000	$225	33
1033 Scotch Pine Ct	0.60mi	2/2.0 (-1)	1,118 (+12%)	14mo	$198,000	$177	32
1441 Ben Hope Dr	0.74mi	2/2.0 (-1)	1,144 (+14%)	8mo	$210,000	$184	26

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: -7.0%
• Equity multiple: 0.74×
• Total profit: $-13,466
• Equity at exit: $27,584

10-year hold

• IRR: 2.6%
• Equity multiple: 1.18×
• Total profit: $9,499
• Equity at exit: $15,995

Cash invested: $51,800 (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 34788

• Home prices YoY: -18.2%
• Active inventory: 285
• Price-to-rent: 8.3×

Monthly cashflow live

• Estimated rent: $1,862 medium
• Mortgage (P&I): −$970
• Tax from tax record: −$164 /mo · $1,970/yr
• Insurance: −$77
• HOA: −$0
• Vacancy / Maint / Mgmt: −$391
• Net cashflow: $259

Break-even live

Break-even rent $1,533

Max offer price $185,000

Occupancy floor 81%

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: $46,250
• Closing costs: $5,550
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
35 Aberdeen Cir Leesburg, FL	2.0	2.0	1072	$1,400	$1.31	24d	1	0.79mi
35229 Orange Grove Ln Leesburg, FL	2.0	1.0	1194	$1,400	$1.17	24d	1	1.17mi
112 Crossways Dr Leesburg, FL	3.0	2.0	1200	$1,800	$1.50	5d	1	1.33mi
147 Woodland Dr Leesburg, FL	3.0	2.0	1372	$1,449	$1.06	24d	1	1.43mi

Listing history 11 events

1. 2026-06-15
   status $185,000 Pending 17 DOM
2. 2026-06-15
   days on market $185,000 Active 17 DOM
3. 2026-06-13
   days on market $185,000 Active 15 DOM
4. 2026-06-09
   days on market $185,000 Active 11 DOM
5. 2026-06-08
   days on market $185,000 Active 10 DOM
6. 2026-06-07
   days on market $185,000 Active 9 DOM
7. 2026-06-04
   days on market $185,000 Active 6 DOM
8. 2026-06-03
   days on market $185,000 Active 5 DOM
9. 2026-06-02
   days on market $185,000 Active 4 DOM
10. 2026-06-01
    days on market $185,000 Active 3 DOM
11. 2026-05-31
    days on market $185,000 Active 2 DOM

ⓘ 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: $1,970 · $164/mo
• Projected year-2 tax: $1,970 · $164/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 4/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥107°F today · 24 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: $22,343
• − Mortgage interest: −$10,363
• − Property taxes: −$1,970
• − Insurance: −$925
• − Repairs & maintenance: −$1,787
• − Management: −$1,787
• − Depreciation: −$5,382
• Taxable income: $128
• Est. tax owed @ 24.0%: −$31
• After-tax cash flow: $3,083/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 — Silver Lake

• Score: 65/100
• State rank: #644
• US rank: #12722

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Lake County · 364,602 people
• City population: 21,867
• Metro: Orlando-Kissimmee-Sanford, FL
• Population (ZIP): 22,137
• Household income: $54,147
• Rent vs Own: 16.2% rent · 83.8% own
• Severe rent burden: 406.0

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 (79%)
• Race & ethnicity: White 79% Hispanic / Latino 12% Two or more races 7% Black 5% Asian 1%
• Hispanic origin (detail): Mexican 3% Puerto Rican 6%
• Common ancestry: Romanian 4% Lithuanian 3% Slovak 2%
• Foreign-born: 5% · Canada, South Korea
• Languages at home: 88% English-only · Spanish 9% German/W. Germanic 1% Tagalog/Filipino 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: ▼ -61.07%
• Current HPI: 273.6616
• Rent YoY: —
• 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

+266.3% since first listed

6 events — show timeline

• 2026-05-29 Listed $185,000 Stellar MLS as Distributed by MLS Grid
• 2021-11-23 Sold (Public Records) $165,000 Public Records
• 2021-11-19 Sold (MLS) $165,000 Stellar MLS as Distributed by MLS Grid
• 2021-10-09 Pending — Stellar MLS as Distributed by MLS Grid
• 2021-10-05 Listed $150,000 Stellar MLS as Distributed by MLS Grid
• 1995-02-21 Sold (Public Records) $50,500 Public Records

Property tax history

+16.5%/yr

Latest (2025): $1,970 · +2.9% YoY. Source: county tax records.