2809 U.S. 17 · Seville, FL 32112

$38,000

3 bd · 2.0 ba · 1,200 sqft · Other · 21 Days on market

Poor condition

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Why this score? — see what drove the D+ 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 +15.0/30.0
• ARV discount +7.5/15.0
• Appreciation +6.4/10.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Schools +3.0/10.0
• Livability +2.9/5.0
• Rent growth +2.5/5.0
• Condition / age +1.0/5.0

Listing remarks

description: This is a Double wide mobile home in a RV Park Age 55 and over. It& apos; s Bass Capital which is close by lakes for fishing, kayaking, boating. It is well kept with overhead parking for 1 car, storage shed, and small back deck. It also has full size covered /screened porch. This is a very quiet friendly neighborhood and community which is safe, close by Crescent downtown, Deland, Delano, Bunnell and the beautiful Beaches of Ormond, Flagler and Daytona. It has the lowest lot rent of 580.00 mo. Water /garbage included. You pay electricity. You must register and qualify to live there through a background check.

Key facts

• Storage shed
• Back deck
• Overhead parking

Tags

• OVERHEAD PARKING
• STORAGE SHED
• BACK DECK
• COVERED SCREENED PORCH
• CLOSE BY LAKES
• FISHING KAYAKING BOATING

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath other listed at $38k. Condition is rated poor.

Deal economics

• At list price, monthly cash flow is $1k ($12k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $38k).
• Recommended offer: $37k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 58/100 on livability (#847 in FL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, crime A, employment B; Watch: health & safety C-, schools F, amenities F.
• Putnam (town): math 34% / reading 39% proficiency, ranked #66 of 73 in FL (top 90%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 71% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 144 active listings in the ZIP; 113 units permitted in Putnam County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $1k of equity ($263 loan paydown + $1k appreciation (2.9% local appreciation)).
• Putnam County population projected at -31% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (2.9% appreciation + 3.0% rent growth), your $11k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 21 days — a 2% lower offer ($37k) is reasonable based on typical stale-listing flexibility.

Recommended offer $37,430 (1.5% below list)

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
5. 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.
6. 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.
7. 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: 4.34% ✓
• Cap rate: 39.12%
• Cash-on-cash: 117.26%
• DSCR: 6.22
• GRM: 1.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

2.86% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 7.63×
• Total profit: $70,539
• Equity at exit: $16,788

10-year hold

• IRR: —
• Equity multiple: 15.92×
• Total profit: $158,703
• Equity at exit: $25,643

Cash invested: $10,640 (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 32112

• Home prices YoY: 1.0%
• Active inventory: 144
• Price-to-rent: 1.9×

Monthly cashflow live

• Estimated rent: $1,648 medium
• Mortgage (P&I): −$199
• Tax est. 1.5%: −$48 /mo · $570/yr
• Insurance: −$16
• HOA: −$0
• Vacancy / Maint / Mgmt: −$346
• Net cashflow: $1,040

Break-even live

Break-even rent $332

Max offer price $38,000

Occupancy floor 32%

Sensitivity live

Price	-10% $1,066	-5% $1,053	+0% $1,040	+5% $1,027	+10% $1,013
Rent	-10% $909	-5% $975	+0% $1,040	+5% $1,105	+10% $1,170
Rate	-1.0pp $1,059	-0.5pp $1,049	base $1,040	+0.5pp $1,030	+1.0pp $1,020

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: $9,500
• Closing costs: $1,140
• Reserves months: —
• Total cash needed: —

Listing history 14 events

1. 2026-06-21
   days on market $38,000 Active 21 DOM
2. 2026-06-18
   days on market $38,000 Active 18 DOM
3. 2026-06-17
   days on market $38,000 Active 17 DOM
4. 2026-06-16
   days on market $38,000 Active 16 DOM
5. 2026-06-15
   days on market $38,000 Active 15 DOM
6. 2026-06-13
   days on market $38,000 Active 13 DOM
7. 2026-06-10
   days on market $38,000 Active 9 DOM
8. 2026-06-08
   days on market $38,000 Active 8 DOM
9. 2026-06-07
   days on market $38,000 Active 7 DOM
10. 2026-06-05
    days on market $38,000 Active 4 DOM
11. 2026-06-03
    days on market $38,000 Active 3 DOM
12. 2026-06-02
    days on market $38,000 Active 2 DOM
13. 2026-06-01
    remarks 629-char remark
14. 2026-06-01
    listed $38,000 Active 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $19,782
• − Mortgage interest: −$2,129
• − Property taxes: −$570
• − Insurance: −$190
• − Repairs & maintenance: −$1,583
• − Management: −$1,583
• − Depreciation: −$1,105
• Taxable income: $12,622
• Est. tax owed @ 24.0%: −$3,029
• After-tax cash flow: $9,447/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.

Condition & rehab AI · 1 photo

Poor 20/100 Extensive rehab

This property requires extensive repairs and maintenance, including a new roof, siding, and paint. Immediate action is needed to improve its condition and value.

Repairs flagged

• Major roof — No visible roof
• Major siding — No visible siding
• Major paint — No visible paint

Value-add opportunities

• Both roof replacement — Critical to safety and appearance
• Both siding repair/replacement — Improves curb appeal and durability
• Both painting — Enhances curb appeal and reflects better

Renovation cost estimate screening

Repair item	Severity	Est. cost
roof · No visible roof	Major	$15,000–50,000
siding · No visible siding	Major	$15,000–50,000
paint · No visible paint	Major	$15,000–50,000
Total estimated repair cost · 3 items		$45,000–150,000

Value-add ROI direction

• Both roof replacement — Critical to safety and appearance ↑
• Both siding repair/replacement — Improves curb appeal and durability ↑
• Both painting — Enhances curb appeal and reflects better ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Putnam
• NCES district ID: 1201620
• Math proficiency: 34% ▼ -10.00%
• Reading proficiency: 39% ▼ -4.00%
• Median HH income: $33,350
• Composite: 29.99/100
• National rank: #6361
• State rank: #66 of 73 in FL

Livability — Seville

• Score: 58/100
• State rank: #847
• US rank: #21279

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 1,657
• Population (ZIP): 8,099

Population outlook (Putnam County) Hauer SSP2

• Today (2025): 65,299 people
• By 2030: 61,255 · -6.2%
• By 2040: 52,930 · -18.9%
• By 2050: 45,051 · -31.0%
• By 2075: 28,720 · -56.0%
• By 2100: 15,852 · -75.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.63)
• Race & ethnicity: White 47% Hispanic / Latino 38% Two or more races 30% Black 8% Asian 3%
• Hispanic origin (detail): Mexican 34% Puerto Rican 2%
• Common ancestry: Lithuanian 2% Romanian 2% Slovak 1%
• Foreign-born: 20% · Canada
• Languages at home: 64% English-only · Spanish 32% Other Asian/Pacific 3%

Political lean MEDSL · Putnam

• 2024 margin: Solid R (+47.8) · D 25.8% · R 73.6%
• 2008→2024 swing: -28.5pp toward R · 2008: -19.3pp · 2024: -47.8pp
• All cycles: 2024: R+47.8 2020: R+41.2 2016: R+36.6 2012: R+24.5 2008: R+19.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 2.86%
• Current HPI: 279.58
• 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

1 event — show timeline

• 2026-06-01 Listed $38,000 FSBO.com