148 SE 911th St · Fanning Springs, FL 32680

$89,900

2 bd · 1.0 ba · 784 sqft · Manufactured public records · 149 Days on market

Built 1996 0.45 ac lot ↓ 9% since listing

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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
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• 1% rule +9.9/10.0
• ARV discount +7.5/15.0
• Schools +4.2/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Seller Motivated!! Perfect MOVE IN READY home located in Dixie County a bike ride to Hinton Landing (a public boat ramp) at the Suwannee River. Make this the perfect forever home, seasonal home OR short term rental. Location is ideal with literal minutes to freshwater and the Gulf of Mexico yet a short drive to town for all dining and shopping amenities. A perfect 2 bedroom/1 bathroom located on FOUR lots coming in at . 45 acres. This property has two wells on it and is the best size for all your storage needs including camper or RV. Home is in great condition with metal roof approximately 2 years old, New AC approx 3 years old and septic recently pumped. Immaculate condition inside with a nice split floor plan. Covered porch perfect for enjoying the morning coffee or tea AND an enclosed porch perfect to lounge and relax during this hot Florida summers. Accepting cash , conventional and VA loans, call today for YOUR tour!

Key facts

• Metal roof
• Suwannee river
• Public boat ramp

Tags

• MOVE IN READY
• PUBLIC BOAT RAMP
• SUWANNEE RIVER
• TWO WELLS
• METAL ROOF
• NEW AC

Property features AI

Finance

• Other: Lot size approximately 0.45 acre (about 1/4 to less than 1/2 acre)
• Financial info:
• HOA & community: No association

Exterior

• Parking:
• Security:
• Utilities: Well water; Septic tank; Electricity connected
• Home design: Manufactured home (Single wide); Residential property; One story; Southeast facing; Entry on one level
• Construction: Vinyl siding; Metal roof; Crawlspace foundation; Built as a manufactured home
• Exterior features: Private mailbox; Storage

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Vinyl
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Solid wood cabinets; Split bedroom floor plan; Thermostat
• Laundry & utility: Washer; Dryer; Laundry closet

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $90k.

Deal economics

• At list price, monthly cash flow is $27 ($322/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $90k).
• Recommended offer: $79k (12.0% below list) — sets the bar for market timing.
• Cap rate 12.3% vs local median 3.7% in Fanning Springs — 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 63/100 on livability (#739 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: health & safety D, schools F, amenities F.
• Dixie (rural): math 52% / reading 50% proficiency, ranked #36 of 73 in FL (top 49%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; 85% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 260 active listings in the ZIP; 49 units permitted in Dixie County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $10k of equity ($622 loan paydown + $9k appreciation (10.0% local appreciation)).
• Dixie County population projected at -16% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $25k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 149 days — a 12% lower offer ($79k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts; this cycle's ask has dropped $20k (18%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $79,112 (12.0% below list)

Questions for the listing agent

1. It's been on market 149 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 12.34%
• Cash-on-cash: 21.61%
• DSCR: 1.96
• GRM: 5.6

CMA / ARV

• ARV (on-the-fly): $52,528
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
132 SE 899th St	0.19mi	2/1.0	840 (+7%)	19mo	$50,000	$60	63
309 SE 186th Ave	0.53mi	2/1.0	728 (-7%)	4mo	$70,000	$96	60
249 SE 929th St	0.40mi	2/1.0	696 (-11%)	13mo	$77,000	$111	52
397 SE 902nd St	0.27mi	3/2.0 (+1)	896 (+14%)	5mo	$53,000	$59	50
262 SE 190th Ave	0.37mi	2/1.0	672 (-14%)	22mo	$45,000	$67	40

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 25.3%
• Equity multiple: 3.02×
• Total profit: $50,944
• Equity at exit: $80,989

10-year hold

• IRR: 22.4%
• Equity multiple: 6.93×
• Total profit: $149,220
• Equity at exit: $174,656

Cash invested: $25,172 (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 32680

• Home prices YoY: 2.5%
• Active inventory: 260
• Price-to-rent: 5.6×

Monthly cashflow live

• Estimated rent: $1,340 medium
• Mortgage (P&I): −$471
• Tax from tax record: −$96 /mo · $1,157/yr
• Insurance: −$37
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$281
• Net cashflow: $27

Break-even live

Break-even rent $1,306

Max offer price $89,900

Occupancy floor 93%

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: $22,475
• Closing costs: $2,697
• Reserves months: —
• Total cash needed: —

Listing history 27 events

1. 2026-06-18
   days on market $89,900 Active 149 DOM
2. 2026-06-17
   days on market $89,900 Active 148 DOM
3. 2026-06-16
   days on market $89,900 Active 147 DOM
4. 2026-06-15
   days on market $89,900 Active 146 DOM
5. 2026-06-13
   days on market $89,900 Active 144 DOM
6. 2026-06-12
   days on market $89,900 Active 143 DOM
7. 2026-06-09
   days on market $89,900 Active 140 DOM
8. 2026-06-08
   days on market $89,900 Active 139 DOM
9. 2026-06-07
   days on market $89,900 Active 138 DOM
10. 2026-06-07
    days on market $89,900 Active 137 DOM
11. 2026-06-04
    days on market $89,900 Active 134 DOM
12. 2026-06-02
    pricedays on market $89,900 Active 133 DOM
13. 2026-06-01
    days on market $99,900 Active 132 DOM
14. 2026-05-31
    days on market $99,900 Active 131 DOM
15. 2026-05-31
    days on market $99,900 Active 130 DOM
16. 2026-04-03
    price $99,900 935-char remark

    Show marketing remark (935 chars)

    Seller Motivated!! Perfect MOVE IN READY home located in Dixie County a bike ride to Hinton Landing (a public boat ramp) at the Suwannee River. Make this the perfect forever home, seasonal home OR short term rental. Location is ideal with literal minutes to freshwater and the Gulf of Mexico yet a short drive to town for all dining and shopping amenities. A perfect 2 bedroom/1 bathroom located on FOUR lots coming in at . 45 acres. This property has two wells on it and is the best size for all your storage needs including camper or RV. Home is in great condition with metal roof approximately 2 years old, New AC approx 3 years old and septic recently pumped. Immaculate condition inside with a nice split floor plan. Covered porch perfect for enjoying the morning coffee or tea AND an enclosed porch perfect to lounge and relax during this hot Florida summers. Accepting cash , conventional and VA loans, call today for YOUR tour!

17. 2026-04-03
    price $99,900

    Show marketing remark (935 chars)

    Seller Motivated!! Perfect MOVE IN READY home located in Dixie County a bike ride to Hinton Landing (a public boat ramp) at the Suwannee River. Make this the perfect forever home, seasonal home OR short term rental. Location is ideal with literal minutes to freshwater and the Gulf of Mexico yet a short drive to town for all dining and shopping amenities. A perfect 2 bedroom/1 bathroom located on FOUR lots coming in at . 45 acres. This property has two wells on it and is the best size for all your storage needs including camper or RV. Home is in great condition with metal roof approximately 2 years old, New AC approx 3 years old and septic recently pumped. Immaculate condition inside with a nice split floor plan. Covered porch perfect for enjoying the morning coffee or tea AND an enclosed porch perfect to lounge and relax during this hot Florida summers. Accepting cash , conventional and VA loans, call today for YOUR tour!

18. 2026-02-12
    price $104,900

    Show marketing remark (935 chars)

    Seller Motivated!! Perfect MOVE IN READY home located in Dixie County a bike ride to Hinton Landing (a public boat ramp) at the Suwannee River. Make this the perfect forever home, seasonal home OR short term rental. Location is ideal with literal minutes to freshwater and the Gulf of Mexico yet a short drive to town for all dining and shopping amenities. A perfect 2 bedroom/1 bathroom located on FOUR lots coming in at . 45 acres. This property has two wells on it and is the best size for all your storage needs including camper or RV. Home is in great condition with metal roof approximately 2 years old, New AC approx 3 years old and septic recently pumped. Immaculate condition inside with a nice split floor plan. Covered porch perfect for enjoying the morning coffee or tea AND an enclosed porch perfect to lounge and relax during this hot Florida summers. Accepting cash , conventional and VA loans, call today for YOUR tour!

19. 2026-02-12
    price $104,900 935-char remark

    Show marketing remark (935 chars)

    Seller Motivated!! Perfect MOVE IN READY home located in Dixie County a bike ride to Hinton Landing (a public boat ramp) at the Suwannee River. Make this the perfect forever home, seasonal home OR short term rental. Location is ideal with literal minutes to freshwater and the Gulf of Mexico yet a short drive to town for all dining and shopping amenities. A perfect 2 bedroom/1 bathroom located on FOUR lots coming in at . 45 acres. This property has two wells on it and is the best size for all your storage needs including camper or RV. Home is in great condition with metal roof approximately 2 years old, New AC approx 3 years old and septic recently pumped. Immaculate condition inside with a nice split floor plan. Covered porch perfect for enjoying the morning coffee or tea AND an enclosed porch perfect to lounge and relax during this hot Florida summers. Accepting cash , conventional and VA loans, call today for YOUR tour!

20. 2026-02-12
    price $94,900

    Show marketing remark (935 chars)

    Seller Motivated!! Perfect MOVE IN READY home located in Dixie County a bike ride to Hinton Landing (a public boat ramp) at the Suwannee River. Make this the perfect forever home, seasonal home OR short term rental. Location is ideal with literal minutes to freshwater and the Gulf of Mexico yet a short drive to town for all dining and shopping amenities. A perfect 2 bedroom/1 bathroom located on FOUR lots coming in at . 45 acres. This property has two wells on it and is the best size for all your storage needs including camper or RV. Home is in great condition with metal roof approximately 2 years old, New AC approx 3 years old and septic recently pumped. Immaculate condition inside with a nice split floor plan. Covered porch perfect for enjoying the morning coffee or tea AND an enclosed porch perfect to lounge and relax during this hot Florida summers. Accepting cash , conventional and VA loans, call today for YOUR tour!

21. 2026-02-12
    price $94,900 935-char remark

    Show marketing remark (935 chars)

    Seller Motivated!! Perfect MOVE IN READY home located in Dixie County a bike ride to Hinton Landing (a public boat ramp) at the Suwannee River. Make this the perfect forever home, seasonal home OR short term rental. Location is ideal with literal minutes to freshwater and the Gulf of Mexico yet a short drive to town for all dining and shopping amenities. A perfect 2 bedroom/1 bathroom located on FOUR lots coming in at . 45 acres. This property has two wells on it and is the best size for all your storage needs including camper or RV. Home is in great condition with metal roof approximately 2 years old, New AC approx 3 years old and septic recently pumped. Immaculate condition inside with a nice split floor plan. Covered porch perfect for enjoying the morning coffee or tea AND an enclosed porch perfect to lounge and relax during this hot Florida summers. Accepting cash , conventional and VA loans, call today for YOUR tour!

22. 2026-01-27
    status Active

    Show marketing remark (935 chars)

    Seller Motivated!! Perfect MOVE IN READY home located in Dixie County a bike ride to Hinton Landing (a public boat ramp) at the Suwannee River. Make this the perfect forever home, seasonal home OR short term rental. Location is ideal with literal minutes to freshwater and the Gulf of Mexico yet a short drive to town for all dining and shopping amenities. A perfect 2 bedroom/1 bathroom located on FOUR lots coming in at . 45 acres. This property has two wells on it and is the best size for all your storage needs including camper or RV. Home is in great condition with metal roof approximately 2 years old, New AC approx 3 years old and septic recently pumped. Immaculate condition inside with a nice split floor plan. Covered porch perfect for enjoying the morning coffee or tea AND an enclosed porch perfect to lounge and relax during this hot Florida summers. Accepting cash , conventional and VA loans, call today for YOUR tour!

23. 2026-01-27
    status Active 935-char remark

    Show marketing remark (935 chars)

    Seller Motivated!! Perfect MOVE IN READY home located in Dixie County a bike ride to Hinton Landing (a public boat ramp) at the Suwannee River. Make this the perfect forever home, seasonal home OR short term rental. Location is ideal with literal minutes to freshwater and the Gulf of Mexico yet a short drive to town for all dining and shopping amenities. A perfect 2 bedroom/1 bathroom located on FOUR lots coming in at . 45 acres. This property has two wells on it and is the best size for all your storage needs including camper or RV. Home is in great condition with metal roof approximately 2 years old, New AC approx 3 years old and septic recently pumped. Immaculate condition inside with a nice split floor plan. Covered porch perfect for enjoying the morning coffee or tea AND an enclosed porch perfect to lounge and relax during this hot Florida summers. Accepting cash , conventional and VA loans, call today for YOUR tour!

24. 2026-01-11
    status Pending 935-char remark

    Show marketing remark (935 chars)

    Seller Motivated!! Perfect MOVE IN READY home located in Dixie County a bike ride to Hinton Landing (a public boat ramp) at the Suwannee River. Make this the perfect forever home, seasonal home OR short term rental. Location is ideal with literal minutes to freshwater and the Gulf of Mexico yet a short drive to town for all dining and shopping amenities. A perfect 2 bedroom/1 bathroom located on FOUR lots coming in at . 45 acres. This property has two wells on it and is the best size for all your storage needs including camper or RV. Home is in great condition with metal roof approximately 2 years old, New AC approx 3 years old and septic recently pumped. Immaculate condition inside with a nice split floor plan. Covered porch perfect for enjoying the morning coffee or tea AND an enclosed porch perfect to lounge and relax during this hot Florida summers. Accepting cash , conventional and VA loans, call today for YOUR tour!

25. 2026-01-11
    status Pending

    Show marketing remark (935 chars)

    Seller Motivated!! Perfect MOVE IN READY home located in Dixie County a bike ride to Hinton Landing (a public boat ramp) at the Suwannee River. Make this the perfect forever home, seasonal home OR short term rental. Location is ideal with literal minutes to freshwater and the Gulf of Mexico yet a short drive to town for all dining and shopping amenities. A perfect 2 bedroom/1 bathroom located on FOUR lots coming in at . 45 acres. This property has two wells on it and is the best size for all your storage needs including camper or RV. Home is in great condition with metal roof approximately 2 years old, New AC approx 3 years old and septic recently pumped. Immaculate condition inside with a nice split floor plan. Covered porch perfect for enjoying the morning coffee or tea AND an enclosed porch perfect to lounge and relax during this hot Florida summers. Accepting cash , conventional and VA loans, call today for YOUR tour!

26. 2026-01-03
    listed $109,900 Active
27. 2025-12-15
    listed $109,900 Active 935-char remark

    Show marketing remark (935 chars)

    Seller Motivated!! Perfect MOVE IN READY home located in Dixie County a bike ride to Hinton Landing (a public boat ramp) at the Suwannee River. Make this the perfect forever home, seasonal home OR short term rental. Location is ideal with literal minutes to freshwater and the Gulf of Mexico yet a short drive to town for all dining and shopping amenities. A perfect 2 bedroom/1 bathroom located on FOUR lots coming in at . 45 acres. This property has two wells on it and is the best size for all your storage needs including camper or RV. Home is in great condition with metal roof approximately 2 years old, New AC approx 3 years old and septic recently pumped. Immaculate condition inside with a nice split floor plan. Covered porch perfect for enjoying the morning coffee or tea AND an enclosed porch perfect to lounge and relax during this hot Florida summers. Accepting cash , conventional and VA loans, call today for YOUR tour!

ⓘ 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: $1,157 · $96/mo
• Projected year-2 tax: $1,157 · $96/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 4/10 Moderate FEMA zone AE · 22% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 8/10 Severe 7 d/yr ≥107°F today · 21 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: $16,081
• − Mortgage interest: −$5,036
• − Property taxes: −$1,157
• − Insurance: −$5,568
• − Repairs & maintenance: −$1,286
• − Management: −$1,286
• − Depreciation: −$2,615
• Taxable loss: −$867
• Est. tax savings @ 24.0%: +$208
• After-tax cash flow: $530/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: Dixie
• NCES district ID: 1200450
• Math proficiency: 52% ▼ -3.00%
• Reading proficiency: 50% ▼ -4.00%
• Median HH income: $34,799
• Composite: 42.18/100
• National rank: #3290
• State rank: #36 of 73 in FL

Livability — Fanning Springs

• Score: 63/100
• State rank: #739
• US rank: #15960

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 10,445

Population outlook (Dixie County) Hauer SSP2

• Today (2025): 15,122 people
• By 2030: 14,521 · -4.0%
• By 2040: 13,503 · -10.7%
• By 2050: 12,671 · -16.2%
• By 2075: 10,857 · -28.2%
• By 2100: 8,344 · -44.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (94%)
• Race & ethnicity: White 94% Two or more races 4% Hispanic / Latino 3% Black 1%
• Common ancestry: Romanian 2% Slovak 1% Italian 1%
• Foreign-born: 3% · Canada
• Languages at home: 99% English-only · Spanish 1%

Political lean MEDSL · Dixie

• 2024 margin: Solid R (+70.4) · D 14.5% · R 84.9%
• 2008→2024 swing: -25.4pp toward R · 2008: -45.0pp · 2024: -70.4pp
• All cycles: 2024: R+70.4 2020: R+66.0 2016: R+63.2 2012: R+46.9 2008: R+45.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 10.22%
• Current HPI: 424.0037
• 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

-9.1% since first listed

12 events — show timeline

• 2026-04-03 Price Changed $99,900 DGLMLS
• 2026-04-03 Price Changed $99,900 Stellar MLS as Distributed by MLS Grid
• 2026-02-12 Price Changed $104,900 Stellar MLS as Distributed by MLS Grid
• 2026-02-12 Price Changed $104,900 DGLMLS
• 2026-02-12 Price Changed $94,900 Stellar MLS as Distributed by MLS Grid
• 2026-02-12 Price Changed $94,900 DGLMLS
• 2026-01-27 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-01-27 Relisted — DGLMLS
• 2026-01-11 Pending — DGLMLS
• 2026-01-11 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-01-03 Listed $109,900 Stellar MLS as Distributed by MLS Grid
• 2025-12-15 Listed $109,900 DGLMLS

Property tax history

+23.0%/yr

Latest (2025): $1,157 · +9.3% YoY. Source: county tax records.