21220 E Highway 316 · Lake Kerr, FL 32134

$95,000

3 bd · 2.0 ba · 912 sqft · Manufactured public records · 45 Days on market

Built 1970 8,276 sqft lot

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• 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 MLS

Your Florida getaway awaits you. Canal front mobile home awaits you. Enjoy the newly constructed deck that sits on the end of a canal. Canal leads out to Beautiful Kerr Lake. Property is located with easy access to Salt Springs and Fort McCoy. Enjoy the spacious deck and access into a 12 X 16 Living room. Home sits on small corner site with fenced back yard for your pup. Beautiful trees surround property. Utility shed on property. Well is shared with neighbor. Enjoy the comfort of country living

Key facts

• Covered wood deck
• Storage shed
• Canal access

Tags

• WATERFRONT GETAWAY
• CANAL ACCESS
• OCALA NATIONAL FOREST ACCESS
• COVERED WOOD DECK
• FENCED BACKYARD
• STORAGE SHED

Property features AI

Finance

• Other: Residential property; Property subtype: Manufactured Home; Zoning: R4; Lot dimensions approximately 95 x 87; Lot about 0.19 acres; Waterfront: Freshwater canal access with approximately 53 feet of canal frontage
• HOA & community: No association

Exterior

• Utilities: Well water; Septic tank; Cable available; Electricity available
• Home design: Manufactured home (single wide); One story; North-facing
• Construction: Metal siding; Wood siding; Metal roof; Pillar/post/pier foundation; Built as a completed property
• Exterior features: Rear porch; Outdoor storage; Cleared lot; Paved road access; In-county location

Interior

• Kitchen: Convection oven; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Laminate flooring; Vinyl flooring
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Electric heating; Central air conditioning
• Interior features: Ceiling fans
• Laundry & utility: Inside laundry

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $95k.

Deal economics

• At list price, monthly cash flow is $502 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $95k).
• Recommended offer: $92k (3.0% below list) — sets the bar for market timing.
• Cap rate 12.6% vs local median 5.8% in Lake Kerr — 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 B — 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: Fort Mccoy School (math 35% / reading 35%, grade F, #1,697 of 2,144 statewide, top 80%, 964 students, 73% FRL); North Marion High School (math 20% / reading 32%, grade F, #494 of 667 statewide, top 75%, 1,303 students, 66% FRL).
• Zoned-school proficiency averages 30% at this address vs 42% district-wide (-12 pts) — the specific schools serving this property underperform the Marion average; the district grade overstates school quality for this exact location.
• Market conditions: 299 active listings in the ZIP; 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 $657 of loan paydown is wiped out by about $3k 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 $27k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 45 days — a 3% lower offer ($92k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 5y ago; this cycle's ask has dropped $5k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $60k; list at $95k implies a 58% 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; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $92,150 (3.0% below list)

Questions for the listing agent

1. It's been on market 45 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1970 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.57% ✓
• Cap rate: 12.64%
• Cash-on-cash: 22.67%
• DSCR: 2.01
• GRM: 5.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 15.6%
• Equity multiple: 1.63×
• Total profit: $16,643
• Equity at exit: $14,165

10-year hold

• IRR: 24.2%
• Equity multiple: 3.10×
• Total profit: $55,838
• Equity at exit: $8,214

Cash invested: $26,600 (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 32134

• Home prices YoY: -24.4%
• Active inventory: 299
• Price-to-rent: 5.3×

Monthly cashflow live

• Estimated rent: $1,491 medium
• Mortgage (P&I): −$498
• Tax from tax record: −$137 /mo · $1,647/yr
• Insurance: −$40
• HOA: −$0
• Vacancy / Maint / Mgmt: −$313
• Net cashflow: $502

Break-even live

Break-even rent $854

Max offer price $95,000

Occupancy floor 61%

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: $23,750
• Closing costs: $2,850
• Reserves months: —
• Total cash needed: —

Listing history 23 events

1. 2026-06-18
   days on market $95,000 Active 45 DOM
2. 2026-06-17
   days on market $95,000 Active 44 DOM
3. 2026-06-16
   days on market $95,000 Active 43 DOM
4. 2026-06-15
   days on market $95,000 Active 42 DOM
5. 2026-06-14
   days on market $95,000 Active 40 DOM
6. 2026-06-13
   days on market $95,000 Active 39 DOM
7. 2026-06-10
   pricedays on market $95,000 Active 37 DOM
8. 2026-06-09
   days on market $100,000 Active 36 DOM
9. 2026-06-08
   days on market $100,000 Active 35 DOM
10. 2026-06-07
    days on market $100,000 Active 34 DOM
11. 2026-06-03
    days on market $100,000 Active 30 DOM
12. 2026-06-02
    days on market $100,000 Active 29 DOM
13. 2026-06-01
    days on market $100,000 Active 28 DOM
14. 2026-05-31
    days on market $100,000 Active 27 DOM
15. 2026-05-30
    days on market $100,000 Active 26 DOM
16. 2026-05-04
    listed $100,000 Active 2123-char remark
17. 2022-12-07
    soldstatus $60,000
18. 2021-04-30
    soldstatus $60,000 Closed 500-char remark

    Show marketing remark (500 chars)

    Your Florida getaway awaits you. Canal front mobile home awaits you. Enjoy the newly constructed deck that sits on the end of a canal. Canal leads out to Beautiful Kerr Lake. Property is located with easy access to Salt Springs and Fort McCoy. Enjoy the spacious deck and access into a 12 X 16 Living room. Home sits on small corner site with fenced back yard for your pup. Beautiful trees surround property. Utility shed on property. Well is shared with neighbor. Enjoy the comfort of country living

19. 2021-03-26
    soldstatus $60,000 Sold

    Show marketing remark (563 chars)

    Weekend Getaway!! Enjoy this canal property leading to Big Lake Kerr. Mobile home has a spacious 12X16 covered patio to welcome you and enters into a large living room of 12X20. Currently one bedroom is being used as an Sewing room with large table, curtains close it off. Master bedroom is located at end of hall. Enjoy the outdoor living from your covered patio that looks out to the canal with your own private dock. Corner site with beautiful tree cover and fenced back yard. Shed is located on back of property. Large boat ramp is just a few miles away.

20. 2021-03-11
    status Pending

    Show marketing remark (563 chars)

    Weekend Getaway!! Enjoy this canal property leading to Big Lake Kerr. Mobile home has a spacious 12X16 covered patio to welcome you and enters into a large living room of 12X20. Currently one bedroom is being used as an Sewing room with large table, curtains close it off. Master bedroom is located at end of hall. Enjoy the outdoor living from your covered patio that looks out to the canal with your own private dock. Corner site with beautiful tree cover and fenced back yard. Shed is located on back of property. Large boat ramp is just a few miles away.

21. 2021-03-09
    status Pending 500-char remark

    Show marketing remark (500 chars)

    Your Florida getaway awaits you. Canal front mobile home awaits you. Enjoy the newly constructed deck that sits on the end of a canal. Canal leads out to Beautiful Kerr Lake. Property is located with easy access to Salt Springs and Fort McCoy. Enjoy the spacious deck and access into a 12 X 16 Living room. Home sits on small corner site with fenced back yard for your pup. Beautiful trees surround property. Utility shed on property. Well is shared with neighbor. Enjoy the comfort of country living

22. 2021-02-05
    listed $60,000 Active

    Show marketing remark (500 chars)

    Your Florida getaway awaits you. Canal front mobile home awaits you. Enjoy the newly constructed deck that sits on the end of a canal. Canal leads out to Beautiful Kerr Lake. Property is located with easy access to Salt Springs and Fort McCoy. Enjoy the spacious deck and access into a 12 X 16 Living room. Home sits on small corner site with fenced back yard for your pup. Beautiful trees surround property. Utility shed on property. Well is shared with neighbor. Enjoy the comfort of country living

23. 2021-02-05
    listed $60,000 Active 500-char remark

    Show marketing remark (500 chars)

    Your Florida getaway awaits you. Canal front mobile home awaits you. Enjoy the newly constructed deck that sits on the end of a canal. Canal leads out to Beautiful Kerr Lake. Property is located with easy access to Salt Springs and Fort McCoy. Enjoy the spacious deck and access into a 12 X 16 Living room. Home sits on small corner site with fenced back yard for your pup. Beautiful trees surround property. Utility shed on property. Well is shared with neighbor. Enjoy the comfort of country living

ⓘ 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: $1,647 · $137/mo
• Projected year-2 tax: $1,647 · $137/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 8/10 Severe 7 d/yr ≥108°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 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,886
• − Mortgage interest: −$5,321
• − Property taxes: −$1,647
• − Insurance: −$475
• − Repairs & maintenance: −$1,431
• − Management: −$1,431
• − Depreciation: −$2,764
• Taxable income: $4,817
• Est. tax owed @ 24.0%: −$1,156
• After-tax cash flow: $4,874/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 — Lake Kerr

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

Census & demographics

• Census place: Lake Kerr, FL
• Population (ZIP): 7,400

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 (91%)
• Race & ethnicity: White 91% Hispanic / Latino 5% Two or more races 4%
• Common ancestry: Italian 3% Slovak 2% Lithuanian 2%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 3% 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: ▼ -72.45%
• Current HPI: 224.9549
• 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

+58.3% since first listed

10 events — show timeline

• 2026-06-09 Price Changed $95,000 Stellar MLS as Distributed by MLS Grid
• 2026-06-09 Price Changed $950,000 Stellar MLS as Distributed by MLS Grid
• 2026-05-04 Listed $100,000 Stellar MLS as Distributed by MLS Grid
• 2022-12-07 Sold (Public Records) $60,000 Public Records
• 2021-04-30 Sold (MLS) $60,000 St. Augustine and St. Johns County Board of REALTORS®
• 2021-03-26 Sold (MLS) $60,000 realMLS
• 2021-03-11 Pending — realMLS
• 2021-03-09 Pending — St. Augustine and St. Johns County Board of REALTORS®
• 2021-02-05 Listed $60,000 St. Augustine and St. Johns County Board of REALTORS®
• 2021-02-05 Listed $60,000 realMLS

Property tax history

+9.8%/yr

Latest (2025): $1,647 · +22.9% YoY. Source: county tax records.