10380 SE 127th Ln · Ocklawaha, FL 34420

$195,000

3 bd · 2.0 ba · 1,783 sqft · Manufactured public records · 36 Days on market

Built 2005 10,019 sqft lot $109/sqft · 14% below area Est $227k · 14% under ↓ 7% since listing

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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 +22.1/30.0
• ARV discount +13.8/15.0
• DSCR +7.1/10.0
• 1% rule +4.8/10.0
• Schools +3.6/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Looking for an affordable place to call Home with NO HOA , Lot Rent, or Water & Sewer Bill? Then this 3/2, almost, 1800 Sq Ft Modular home on your private lot with Well and Septic is a must see option. This immaculate Home offers a large 11X16 Front Covered Porch with soft approach incline ramp allowing for easy wheelchair accessibility. Open the front door and enter a large Open Concept floor plan featuring Vaulted ceilings throughout. The first room can be utilized as a Formal Living Room, Work Space, or Game room, large enough for that Pool Table! This area features Laminate flooring that also leads in to your spacious Dining Area, Family Room with built In TV and Book Shelve

Key facts

• Well and septic
• Front covered porch
• Laminate flooring

Tags

• PRIVATE LOT
• WELL AND SEPTIC
• FRONT COVERED PORCH
• OPEN CONCEPT FLOOR PLAN
• VAULTED CEILINGS
• LAMINATE FLOORING

Property features AI

Finance

• Other: Zoning: R4; Lot about 0.23 acre (approx. 100 x 100); One well and one septic on property; Universal property identifier available
• Financial info: No lease restrictions indicated
• HOA & community: No HOA association indicated; Pets allowed

Exterior

• Parking: Covered parking; 2-space carport
• Security: Smoke detector(s)
• Utilities: Well water; Septic tank; Broadband/high-speed internet available; Cable available; Electricity connected; Fiber optics available
• Home design: Residential modular home; Attached property; Single-story (one level); Faces north; Accessible features including ramp, accessible bedroom, closets, entrance, hallways, kitchen, and central living area
• Construction: Vinyl siding with frame construction; Metal roof; Crawlspace foundation with pillar/post/pier; Built as modular construction
• Exterior features: Covered patio/porch; Deck; Front porch; Rear porch; Storage; Workshop; Chain link fence; Cleared and landscaped yard; Limerock road access

Interior

• Kitchen: Dishwasher; Disposal; Exhaust fan; Freezer; Ice maker; Microwave; Range; Range hood; Refrigerator; Eat-in kitchen
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Laminate; Linoleum
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air
• Interior features: Ceiling fans; Crown molding; Eat-in kitchen; Open floorplan; Split-bedroom layout; Vaulted ceilings; Walk-in closets; Window treatments; Smoke detectors
• Laundry & utility: Washer; Dryer; Inside laundry room; Electric water heater; Inside utility / family room

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $195k.

Deal economics

• At list price, monthly cash flow is $314 ($4k/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 $190k (2.5% below list).
• Recommended offer: $189k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.2% vs local median 5.1% in Ocklawaha — 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: area grade C — affects rentability + tenant quality, not the cash-flow math above.
• Marion (rural): math 42% / reading 43% proficiency, ranked #61 of 73 in FL (top 84%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 61% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Belleview Elementary School (math 48% / reading 44%, grade D-, #1,234 of 2,144 statewide, top 58%, 650 students, 73% FRL); Lake Weir High School (math 23% / reading 34%, grade F, #458 of 667 statewide, top 69%, 1,483 students, 68% FRL).
• Market conditions: 357 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 7,071 units permitted in Marion County in 2024 (534 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 $6k of value loss. Plan a longer hold.
• Marion County population projected at +13% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 36 days — a 3% lower offer ($189k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $15k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: 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 $189,150 (3.0% below list)

Questions for the listing agent

1. It's been on market 36 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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.
4. 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.
5. 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: 0.98% ✗
• Cap rate: 8.23%
• Cash-on-cash: 6.91%
• DSCR: 1.31
• GRM: 8.5

CMA / ARV

• ARV (median comp): $226,769
• List price: $195,000
• Delta: -14.01%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -5.7%
• Equity multiple: 0.79×
• Total profit: $-11,653
• Equity at exit: $29,075

10-year hold

• IRR: 3.9%
• Equity multiple: 1.28×
• Total profit: $15,344
• Equity at exit: $16,860

Cash invested: $54,600 (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 34420

• Home prices YoY: -32.8%
• Active inventory: 357
• Price-to-rent: 8.5×

Monthly cashflow live

• Estimated rent: $1,902 high
• Mortgage (P&I): −$1,023
• Tax from tax record: −$85 /mo · $1,014/yr
• Insurance: −$81
• HOA: −$0
• Vacancy / Maint / Mgmt: −$399
• Net cashflow: $314

Break-even live

Break-even rent $1,504

Max offer price $195,000

Occupancy floor 78%

Sensitivity live

Price	-10% $425	-5% $369	+0% $314	+5% $259	+10% $204
Rent	-10% $164	-5% $239	+0% $314	+5% $389	+10% $465
Rate	-1.0pp $412	-0.5pp $364	base $314	+0.5pp $264	+1.0pp $212

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: $48,750
• Closing costs: $5,850
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
12495 SE 100th Ave Belleview, FL	3.0	2.0	1568	$1,850	$1.18	14d	1	0.47mi
12257 SE 100th Ave Belleview, FL	3.0	2.0	1555	$1,650	$1.06	14d	1	0.67mi
9484 SE 124th Loop Summerfield, FL	2.0	2.0	1475	$1,949	$1.32	22d	1	0.91mi
9375 SE 134th St Summerfield, FL	2.0	2.0	1284	$2,300	$1.79	22d	1	1.09mi
13421 SE 92nd Court Rd Summerfield, FL	2.0	2.0	1374	$1,800	$1.31	22d	1	1.24mi
13973 SE 96th Cir Summerfield, FL	2.0	1.0	2200	$2,200	$1.00	22d	1	1.31mi

Listing history 8 events

1. 2026-06-18
   days on market $195,000 Active 36 DOM
2. 2026-06-17
   days on market $195,000 Active 35 DOM
3. 2026-06-16
   status $195,000 Active 34 DOM
4. 2026-06-02
   status $195,000 Pending 34 DOM
5. 2026-06-01
   days on market $195,000 Active 34 DOM
6. 2026-05-31
   days on market $195,000 Active 33 DOM
7. 2026-05-30
   days on market $195,000 Active 32 DOM
8. 2026-04-28
   listed $210,000 Active 2584-char remark

ⓘ 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: $1,014 · $85/mo
• Projected year-2 tax: $1,618 · $135/mo
• Expected delta: +$604/yr (+$50/mo · 59.6%)

ⓘ 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 5/10 Major
• 🌡 Heat 8/10 Severe 7 d/yr ≥109°F today · 21 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,824
• − Mortgage interest: −$10,923
• − Property taxes: −$1,014
• − Insurance: −$975
• − Repairs & maintenance: −$1,826
• − Management: −$1,826
• − Depreciation: −$5,673
• Taxable income: $588
• Est. tax owed @ 24.0%: −$141
• After-tax cash flow: $3,630/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: Marion
• NCES district ID: 1201260
• Math proficiency: 42% ▼ -7.00%
• Reading proficiency: 43% ▼ -4.00%
• Median HH income: $40,015
• Composite: 35.61/100
• National rank: #4890
• State rank: #61 of 73 in FL

Livability — Ocklawaha

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• City population: 9,318
• Population (ZIP): 19,167

Population outlook (Marion County) Hauer SSP2

• Today (2025): 365,905 people
• By 2030: 376,768 · +3.0%
• By 2040: 396,555 · +8.4%
• By 2050: 412,723 · +12.8%
• By 2075: 446,090 · +21.9%
• By 2100: 436,193 · +19.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (81%)
• Race & ethnicity: White 81% Hispanic / Latino 12% Two or more races 10% Black 1%
• Hispanic origin (detail): Puerto Rican 7% Cuban 2%
• Common ancestry: Lithuanian 4% Iranian 2% Romanian 2%
• Foreign-born: 5% · Canada, Jamaica
• Languages at home: 89% English-only · Spanish 7% Other Indo-European 2% German/W. Germanic 1%

Political lean MEDSL · Marion

• 2024 margin: Solid R (+31.6) · D 33.8% · R 65.5%
• 2008→2024 swing: -20.0pp toward R · 2008: -11.6pp · 2024: -31.6pp
• All cycles: 2024: R+31.6 2020: R+25.9 2016: R+26.2 2012: R+16.2 2008: R+11.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -120.90%
• Current HPI: 247.3176
• 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

-7.1% since first listed

4 events — show timeline

• 2026-06-16 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-06-01 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-05-28 Price Changed $195,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-28 Listed $210,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+3.5%/yr

Latest (2025): $1,014 · +27.3% YoY. Source: county tax records.