14197 SE 61st Ct · Belleview, FL 34491

$152,500

4 bd · 2.0 ba · 1,620 sqft · Manufactured public records · 143 Days on market

Built 2008 0.34 ac lot Est $194k · 22% under

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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
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +9.6/10.0
• Schools +3.6/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Under contract-accepting backup offers. Very Spacious 4/2 Manufactured home. Split plan , Open Concept. Fenced backyard. Located between Ocala and the villages. Home needs some TLC. Great for first time buyer or investor.

Key facts

• Open concept
• Split plan
• Fenced backyard

Tags

• FENCED BACKYARD
• OPEN CONCEPT
• SPLIT PLAN

Property features AI

Finance

• Other: Lot approx. 0.34 acres (125 x 120); Living area reported as 1,620 square feet; Lot acreage listed as 1/4 to less than 1/2 acre; Unfurnished; Property zoned R4
• Financial info: No lease restrictions
• HOA & community: No HOA association indicated

Exterior

• Parking: Use GPS for directions
• Utilities: Well water; Septic sewer; Cable available
• Home design: Residential manufactured double-wide home; Single-story; Faces west
• Construction: Vinyl siding; Shingle roof; Crawlspace foundation
• Exterior features: Other exterior features; Asphalt road access

Interior

• Kitchen: No appliances included
• Bedrooms: 4 bedrooms
• Flooring: Vinyl flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating; Central air conditioning
• Interior features: Ceiling fans
• Laundry & utility: Dedicated laundry room

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath manufactured listed at $152k.

Deal economics

• At list price, monthly cash flow is $674 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $152k).
• Recommended offer: $134k (12.0% below list) — sets the bar for market timing.
• Cap rate 11.6% vs local median 4.5% in Belleview — 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 69/100 on livability (#458 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime F, amenities F, commute F.
• 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: Harbour View Elementary School (math 41% / reading 38%, grade F, #1,513 of 2,144 statewide, top 73%, 819 students, 71% FRL); Belleview High School (math 31% / reading 46%, grade F, #321 of 667 statewide, top 49%, 1,783 students, 56% FRL) — zoned schools at 64% FRL track the district average.
• Market conditions: 705 active listings in the ZIP; 3 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).
• This rent runs 40% of the median local income ($67k/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 $5k 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $43k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 143 days — a 12% lower offer ($134k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 22y ago; this cycle's ask has dropped $17k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $28k; list at $152k implies a 445% 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; moderate wildfire risk; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $134,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 143 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. Crime grade is F 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?
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: 1.46% ✓
• Cap rate: 11.60%
• Cash-on-cash: 18.94%
• DSCR: 1.84
• GRM: 5.7

CMA / ARV

• ARV (on-the-fly): $194,400
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
14182 SE 62nd Ct	0.03mi	4/2.0	1,620 (0%)	1mo	$194,000	$120	98
14093 SE 62nd Ct	0.12mi	4/3.0	1,856 (+15%)	3mo	$207,700	$112	64

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: 10.8%
• Equity multiple: 1.43×
• Total profit: $18,260
• Equity at exit: $22,738

10-year hold

• IRR: 19.9%
• Equity multiple: 2.67×
• Total profit: $71,390
• Equity at exit: $13,185

Cash invested: $42,700 (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 34491

• Home prices YoY: -35.0%
• Active inventory: 705
• Price-to-rent: 5.7×

Monthly cashflow live

• Estimated rent: $2,234 medium
• Mortgage (P&I): −$800
• Tax from tax record: −$228 /mo · $2,730/yr
• Insurance: −$64
• HOA: −$0
• Vacancy / Maint / Mgmt: −$469
• Net cashflow: $674

Break-even live

Break-even rent $1,381

Max offer price $152,500

Occupancy floor 65%

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: $38,125
• Closing costs: $4,575
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
13705 SE 54th Ct Summerfield, FL	3.0	2.0	1416	$1,895	$1.34	21d	1	0.83mi
13609 SE 53rd Ave Summerfield, FL	3.0	2.0	1270	$1,940	$1.53	21d	1	0.98mi
16152 SE 77th Ct Summerfield, FL	1.0–3.0	1.0–2.0	1140	$2,185	$1.92	14d	15	1.48mi

Listing history 29 events

1. 2026-06-18
   status $152,500 Active 143 DOM
2. 2026-05-05
   status Pending
3. 2026-04-08
   price $152,500
4. 2026-03-09
   price $155,900
5. 2026-02-27
   price $159,900
6. 2026-02-09
   price $162,400
7. 2026-01-30
   price $164,900
8. 2026-01-15
   price $167,400
9. 2025-12-12
   listed $169,900 Active
10. 2024-06-27
    status Pending
11. 2024-05-19
    status Active
12. 2024-05-17
    historical
13. 2024-04-11
    price $188,900
14. 2024-02-25
    price $189,900
15. 2023-12-17
    price $197,900
16. 2023-12-08
    price $198,900
17. 2023-11-12
    listed $199,900 Active
18. 2021-07-10
    historical
19. 2021-07-09
    status Active
20. 2021-04-02
    status Pending
21. 2020-11-10
    listed $137,000 Active
22. 2007-10-29
    soldstatus $28,000
23. 2007-06-20
    listed $33,995
24. 2007-03-24
    historical
25. 2006-10-06
    listed $33,995
26. 2004-12-28
    soldstatus $17,000
27. 2004-12-23
    soldstatus $16,995
28. 2004-04-23
    listed $16,995
29. 1999-09-02
    soldstatus $15,400

ⓘ 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: $2,730 · $228/mo
• Projected year-2 tax: $2,730 · $228/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 5/10 Major
• 🌡 Heat 9/10 Extreme 7 d/yr ≥109°F today · 22 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: $26,804
• − Mortgage interest: −$8,542
• − Property taxes: −$2,730
• − Insurance: −$762
• − Repairs & maintenance: −$2,144
• − Management: −$2,144
• − Depreciation: −$4,436
• Taxable income: $6,044
• Est. tax owed @ 24.0%: −$1,451
• After-tax cash flow: $6,635/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 — Belleview

• Score: 69/100
• State rank: #458
• US rank: #8314

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Marion County · 315,796 people
• City population: 19,167
• Metro: Ocala, FL
• Population (ZIP): 33,318
• Household income: $66,679
• Rent vs Own: 13.2% rent · 86.8% own
• Severe rent burden: 256.0

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 (77%)
• Race & ethnicity: White 77% Hispanic / Latino 14% Two or more races 9% Black 4% Asian 2%
• Hispanic origin (detail): Mexican 3% Puerto Rican 6% Cuban 1%
• Common ancestry: Lithuanian 3% Slovak 2% Romanian 2%
• Foreign-born: 8% · Canada, Vietnam, Jamaica
• Languages at home: 85% English-only · Spanish 11% Vietnamese 1% French/Haitian/Cajun 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: ▼ -107.67%
• Current HPI: 200.0792
• Rent YoY: —
• Metro: Ocala, 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

+890.3% since first listed

28 events — show timeline

• 2026-05-05 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-08 Price Changed $152,500 Stellar MLS as Distributed by MLS Grid
• 2026-03-09 Price Changed $155,900 Stellar MLS as Distributed by MLS Grid
• 2026-02-27 Price Changed $159,900 Stellar MLS as Distributed by MLS Grid
• 2026-02-09 Price Changed $162,400 Stellar MLS as Distributed by MLS Grid
• 2026-01-30 Price Changed $164,900 Stellar MLS as Distributed by MLS Grid
• 2026-01-15 Price Changed $167,400 Stellar MLS as Distributed by MLS Grid
• 2025-12-12 Listed $169,900 Stellar MLS as Distributed by MLS Grid
• 2024-06-27 Pending — Stellar MLS as Distributed by MLS Grid
• 2024-05-19 Relisted — Stellar MLS as Distributed by MLS Grid
• 2024-05-17 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2024-04-11 Price Changed $188,900 Stellar MLS as Distributed by MLS Grid
• 2024-02-25 Price Changed $189,900 Stellar MLS as Distributed by MLS Grid
• 2023-12-17 Price Changed $197,900 Stellar MLS as Distributed by MLS Grid
• 2023-12-08 Price Changed $198,900 Stellar MLS as Distributed by MLS Grid
• 2023-11-12 Listed $199,900 Stellar MLS as Distributed by MLS Grid
• 2021-07-10 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2021-07-09 Relisted — Stellar MLS as Distributed by MLS Grid
• 2021-04-02 Pending — Stellar MLS as Distributed by MLS Grid
• 2020-11-10 Listed $137,000 Stellar MLS as Distributed by MLS Grid
• 2007-10-29 Sold (MLS) $28,000 Stellar MLS as Distributed by MLS Grid
• 2007-06-20 Listed $33,995 Stellar MLS as Distributed by MLS Grid
• 2007-03-24 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2006-10-06 Listed $33,995 Stellar MLS as Distributed by MLS Grid
• 2004-12-28 Sold (Public Records) $17,000 Public Records
• 2004-12-23 Sold (MLS) $16,995 Stellar MLS as Distributed by MLS Grid
• 2004-04-23 Listed $16,995 Stellar MLS as Distributed by MLS Grid
• 1999-09-02 Sold (Public Records) $15,400 Public Records

Property tax history

+7.9%/yr

Latest (2025): $2,730 · +12.2% YoY. Source: county tax records.