231 Lakeview Ct · Interlachen, FL 32148

$133,000

3 bd · 2.0 ba · 1,008 sqft · Manufactured public records · 42 Days on market

Built 1987 0.31 ac lot Est $110k · 21% over

---

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 +21.6/30.0
• DSCR +6.9/10.0
• 1% rule +4.8/10.0
• Livability +3.4/5.0
• Schools +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Conventional 5% Down, VA, & Cash Buyers Welcome! Summer-Ready & Move-In Perfect! Beat the heat & settle into this beautifully renovated 3-bedroom, 2-bath home on a fully fenced lot — perfect for your pets, projects, & peace of mind! Step onto the spacious 14x12 front deck, roll up the ramp (wheelchair accessible!), & enjoy the cool breeze under your oversized carport. Need space for hobbies or storage? You're covered with a workshop with electric + bonus storage shed! Inside, enjoy open-concept living with a sleek, modern feel. Updates include: All-new flooring Stainless steel appliances Brand-new cabinets Stylish lighting + modern ceiling fans Your oversized primary suite offers a private retreat with a soaking tub/shower combo. Big-ticket upgrades include: 2024 Metal Roof 2024 HVAC system Fully re-piped plumbing VA tie-down updates in place! NO HOA. NO fuss. Mobile home has been moved—not eligible not eligible for FHA

Key facts

• New metal roof
• Farmhouse sink
• Brand-new kitchen

Tags

• FRONT WOOD DECK PATIO
• BRAND-NEW KITCHEN
• STAINLESS STEEL APPLIANCES
• FARMHOUSE SINK
• REMODELED BATHROOMS
• NEW METAL ROOF

Property features AI

Finance

• HOA & community: Not a senior community

Exterior

• Parking: Carport (3 spaces)
• Utilities: Septic tank; Electricity connected; Water connected; Sewer connected
• Home design: Manufactured home
• Construction: Aluminum siding; Metal roof
• Exterior features: Deck; Full fencing; Shed(s); Many trees; County road frontage; Dirt road surface

Interior

• Kitchen: Electric oven; Electric range; Microwave; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Laminate flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air (electric)
• Interior features: Built-in features; Ceiling fans; Eat-in kitchen; Pantry; Primary bathroom with tub and separate shower; Split bedroom layout
• Laundry & utility: Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $133k.

Deal economics

• At list price, monthly cash flow is $202 ($2k/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 $130k (2.3% below list).
• Recommended offer: $129k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.1% vs local median 5.6% in Interlachen — 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 67/100 on livability (#540 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: schools D-, amenities F, commute 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: 760 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 113 units permitted in Putnam County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $920 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Putnam County population projected at -31% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 42 days — a 3% lower offer ($129k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 2y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

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 $129,010 (3.0% below list)

Questions for the listing agent

1. It's been on market 42 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. 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?
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: 0.98% ✗
• Cap rate: 8.12%
• Cash-on-cash: 6.52%
• DSCR: 1.29
• GRM: 8.5

CMA / ARV

• ARV (on-the-fly): $109,872
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
231 Lakeview Ct	0.00mi	3/2.0	1,008 (0%)	1mo	$131,500	$130	99
206 Dove St	0.19mi	3/2.0	938 (-7%)	20mo	$30,000	$32	63
107 Norway St	0.31mi	3/2.0	960 (-5%)	22mo	$105,000	$109	59

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: -6.3%
• Equity multiple: 0.77×
• Total profit: $-8,708
• Equity at exit: $19,831

10-year hold

• IRR: 3.3%
• Equity multiple: 1.24×
• Total profit: $8,849
• Equity at exit: $11,499

Cash invested: $37,240 (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 32148

• Home prices YoY: -5.8%
• Active inventory: 760
• Price-to-rent: 8.5×

Monthly cashflow live

• Estimated rent: $1,300 medium
• Mortgage (P&I): −$697
• Tax from tax record: −$72 /mo · $862/yr
• Insurance: −$55
• HOA: −$0
• Vacancy / Maint / Mgmt: −$273
• Net cashflow: $202

Break-even live

Break-even rent $1,044

Max offer price $133,000

Occupancy floor 79%

Sensitivity live

Price	-10% $278	-5% $240	+0% $202	+5% $165	+10% $127
Rent	-10% $100	-5% $151	+0% $202	+5% $254	+10% $305
Rate	-1.0pp $269	-0.5pp $236	base $202	+0.5pp $168	+1.0pp $133

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: $33,250
• Closing costs: $3,990
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
126 Switzerland St Interlachen, FL	3.0	2.0	1152	$1,300	$1.13	3d	1	0.41mi

Listing history 23 events

1. 2026-05-02
   status Pending
2. 2026-04-28
   status Active
3. 2026-04-20
   status Pending
4. 2026-04-01
   price $133,000
5. 2026-03-13
   listed $138,000 Active
6. 2026-01-10
   historical
7. 2025-11-21
   price $145,000
8. 2025-10-30
   status Active
9. 2025-07-10
   listed $149,900 Active
10. 2025-07-07
    historical 999-char remark

    Show marketing remark (999 chars)

    Conventional 5% Down, VA, & Cash Buyers Welcome! Summer-Ready & Move-In Perfect! Beat the heat & settle into this beautifully renovated 3-bedroom, 2-bath home on a fully fenced lot — perfect for your pets, projects, & peace of mind! Step onto the spacious 14x12 front deck, roll up the ramp (wheelchair accessible!), & enjoy the cool breeze under your oversized carport. Need space for hobbies or storage? You're covered with a workshop with electric + bonus storage shed! Inside, enjoy open-concept living with a sleek, modern feel. Updates include: All-new flooring Stainless steel appliances Brand-new cabinets Stylish lighting + modern ceiling fans Your oversized primary suite offers a private retreat with a soaking tub/shower combo. Big-ticket upgrades include: 2024 Metal Roof 2024 HVAC system Fully re-piped plumbing VA tie-down updates in place! NO HOA. NO fuss. Mobile home has been moved—not eligible not eligible for FHA

11. 2025-06-18
    price $164,900 999-char remark

    Show marketing remark (999 chars)

    Conventional 5% Down, VA, & Cash Buyers Welcome! Summer-Ready & Move-In Perfect! Beat the heat & settle into this beautifully renovated 3-bedroom, 2-bath home on a fully fenced lot — perfect for your pets, projects, & peace of mind! Step onto the spacious 14x12 front deck, roll up the ramp (wheelchair accessible!), & enjoy the cool breeze under your oversized carport. Need space for hobbies or storage? You're covered with a workshop with electric + bonus storage shed! Inside, enjoy open-concept living with a sleek, modern feel. Updates include: All-new flooring Stainless steel appliances Brand-new cabinets Stylish lighting + modern ceiling fans Your oversized primary suite offers a private retreat with a soaking tub/shower combo. Big-ticket upgrades include: 2024 Metal Roof 2024 HVAC system Fully re-piped plumbing VA tie-down updates in place! NO HOA. NO fuss. Mobile home has been moved—not eligible not eligible for FHA

12. 2025-05-28
    price $164,950 999-char remark

    Show marketing remark (999 chars)

    Conventional 5% Down, VA, & Cash Buyers Welcome! Summer-Ready & Move-In Perfect! Beat the heat & settle into this beautifully renovated 3-bedroom, 2-bath home on a fully fenced lot — perfect for your pets, projects, & peace of mind! Step onto the spacious 14x12 front deck, roll up the ramp (wheelchair accessible!), & enjoy the cool breeze under your oversized carport. Need space for hobbies or storage? You're covered with a workshop with electric + bonus storage shed! Inside, enjoy open-concept living with a sleek, modern feel. Updates include: All-new flooring Stainless steel appliances Brand-new cabinets Stylish lighting + modern ceiling fans Your oversized primary suite offers a private retreat with a soaking tub/shower combo. Big-ticket upgrades include: 2024 Metal Roof 2024 HVAC system Fully re-piped plumbing VA tie-down updates in place! NO HOA. NO fuss. Mobile home has been moved—not eligible not eligible for FHA

13. 2025-03-28
    price $159,900 999-char remark

    Show marketing remark (999 chars)

    Conventional 5% Down, VA, & Cash Buyers Welcome! Summer-Ready & Move-In Perfect! Beat the heat & settle into this beautifully renovated 3-bedroom, 2-bath home on a fully fenced lot — perfect for your pets, projects, & peace of mind! Step onto the spacious 14x12 front deck, roll up the ramp (wheelchair accessible!), & enjoy the cool breeze under your oversized carport. Need space for hobbies or storage? You're covered with a workshop with electric + bonus storage shed! Inside, enjoy open-concept living with a sleek, modern feel. Updates include: All-new flooring Stainless steel appliances Brand-new cabinets Stylish lighting + modern ceiling fans Your oversized primary suite offers a private retreat with a soaking tub/shower combo. Big-ticket upgrades include: 2024 Metal Roof 2024 HVAC system Fully re-piped plumbing VA tie-down updates in place! NO HOA. NO fuss. Mobile home has been moved—not eligible not eligible for FHA

14. 2025-01-07
    listed $164,900 Active 999-char remark

    Show marketing remark (999 chars)

    Conventional 5% Down, VA, & Cash Buyers Welcome! Summer-Ready & Move-In Perfect! Beat the heat & settle into this beautifully renovated 3-bedroom, 2-bath home on a fully fenced lot — perfect for your pets, projects, & peace of mind! Step onto the spacious 14x12 front deck, roll up the ramp (wheelchair accessible!), & enjoy the cool breeze under your oversized carport. Need space for hobbies or storage? You're covered with a workshop with electric + bonus storage shed! Inside, enjoy open-concept living with a sleek, modern feel. Updates include: All-new flooring Stainless steel appliances Brand-new cabinets Stylish lighting + modern ceiling fans Your oversized primary suite offers a private retreat with a soaking tub/shower combo. Big-ticket upgrades include: 2024 Metal Roof 2024 HVAC system Fully re-piped plumbing VA tie-down updates in place! NO HOA. NO fuss. Mobile home has been moved—not eligible not eligible for FHA

15. 2024-05-31
    soldstatus $124,999 Closed
16. 2024-05-31
    soldstatus $124,999
17. 2024-05-06
    status Pending
18. 2024-04-26
    status Active
19. 2024-03-23
    status Pending
20. 2024-03-21
    status Active
21. 2024-03-20
    status Pending
22. 2024-03-18
    listed $124,999 Active
23. 1993-01-01
    soldstatus $7,000

ⓘ 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: $862 · $72/mo
• Projected year-2 tax: $1,104 · $92/mo
• Expected delta: +$242/yr (+$20/mo · 28.0%)

ⓘ 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 8/10 Severe 7 d/yr ≥110°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: $15,600
• − Mortgage interest: −$7,450
• − Property taxes: −$862
• − Insurance: −$665
• − Repairs & maintenance: −$1,248
• − Management: −$1,248
• − Depreciation: −$3,869
• Taxable income: $258
• Est. tax owed @ 24.0%: −$62
• After-tax cash flow: $2,365/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: 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 — Interlachen

• Score: 67/100
• State rank: #540
• US rank: #10162

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 11,580
• Population (ZIP): 11,580

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: Predominantly White (84%)
• Race & ethnicity: White 84% Hispanic / Latino 9% Two or more races 8% Black 3%
• Hispanic origin (detail): Mexican 2% Puerto Rican 7%
• Common ancestry: Slovak 4% Lithuanian 3% Romanian 1%
• Foreign-born: 2% · Canada
• Languages at home: 94% English-only · Spanish 4%

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: ▼ -16.98%
• Current HPI: 277.2763
• 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

+1800.0% since first listed

23 events — show timeline

• 2026-05-02 Pending — realMLS
• 2026-04-28 Relisted — realMLS
• 2026-04-20 Pending — realMLS
• 2026-04-01 Price Changed $133,000 realMLS
• 2026-03-13 Listed $138,000 realMLS
• 2026-01-10 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-11-21 Price Changed $145,000 Stellar MLS as Distributed by MLS Grid
• 2025-10-30 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-07-10 Listed $149,900 Stellar MLS as Distributed by MLS Grid
• 2025-07-07 Listing Removed — realMLS
• 2025-06-18 Price Changed $164,900 realMLS
• 2025-05-28 Price Changed $164,950 realMLS
• 2025-03-28 Price Changed $159,900 realMLS
• 2025-01-07 Listed $164,900 realMLS
• 2024-05-31 Sold (Public Records) $124,999 Public Records
• 2024-05-31 Sold (MLS) $124,999 realMLS
• 2024-05-06 Pending — realMLS
• 2024-04-26 Relisted — realMLS
• 2024-03-23 Pending — realMLS
• 2024-03-21 Relisted — realMLS
• 2024-03-20 Pending — realMLS
• 2024-03-18 Listed $124,999 realMLS
• 1993-01-01 Sold (Public Records) $7,000 Public Records

Property tax history

+6.6%/yr

Latest (2025): $862 · -28.9% YoY. Source: county tax records.