170 SW 9th Ave · Lake Butler, FL 32054

$50,000

3 bd · 2.0 ba · 1,440 sqft · Manufactured public records · 23 Days on market

Built 1974 0.46 ac lot

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Why this score? — see what drove the A- 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
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.9/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

SELLER MOTIVATED!!! Owner wants to sell this property and the neighboring property 160 SW 9th Avenue under 1 sale. This home is currently being rented out to a long term tenant on a month to month lease so producing income from day 1. Some of the small metal gate from 160 SW 9th Avenue is crossing over onto this property. Home will be getting resurveyed if sold apart from 160 SW 9th Avenue! ESTIMATED new lot size is 0.36 acres Cash only! Financing may not be available for this home.

Key facts

• 0.46 acre lot
• Built 1974
• Listed 22 days

Property features AI

Finance

• HOA & community: Not a senior community

Exterior

• Parking: Other parking type
• Utilities: Utilities available (unspecified)
• Home design: Double wide manufactured home; Used as residential and investment property
• Construction: Metal roof
• Exterior features: Dirt road access; Other on-site structures

Interior

• Kitchen: Appliances included (unspecified)
• Bedrooms: 3 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Has cooling (type unspecified)
• Interior features: Includes unspecified built-in appliances
• Laundry & utility: Unfurnished unit (no built-in laundry described)

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $50k.

Deal economics

• At list price, monthly cash flow is $614 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $50k).
• Recommended offer: $49k (1.5% below list) — sets the bar for market timing.
• Cap rate 21.0% vs local median 1.2% in Lake Butler — 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 64/100 on livability (#681 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A-; Watch: amenities F, commute F, cost of living F.
• Union (town): math 62% / reading 54% proficiency, ranked #17 of 73 in FL (top 23%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 65 active listings in the ZIP; 45 units permitted in Union County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $5k of equity ($346 loan paydown + $5k appreciation (10.0% local appreciation)).
• Union County population projected to shrink 9% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $14k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 6, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 23 days — a 2% lower offer ($49k) is reasonable based on typical stale-listing flexibility.

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 $49,250 (1.5% below list)

Questions for the listing agent

1. Built in 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 2.40% ✓
• Cap rate: 21.03%
• Cash-on-cash: 52.62%
• DSCR: 3.34
• GRM: 3.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 65.8%
• Equity multiple: 5.74×
• Total profit: $66,345
• Equity at exit: $45,044

10-year hold

• IRR: 59.4%
• Equity multiple: 12.76×
• Total profit: $164,646
• Equity at exit: $97,139

Cash invested: $14,000 (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 32054

• Home prices YoY: 16.6%
• Active inventory: 65
• Price-to-rent: 3.5×

Monthly cashflow live

• Estimated rent: $1,200 medium
• Mortgage (P&I): −$262
• Tax from tax record: −$51 /mo · $611/yr
• Insurance: −$21
• HOA: −$0
• Vacancy / Maint / Mgmt: −$252
• Net cashflow: $614

Break-even live

Break-even rent $423

Max offer price $50,000

Occupancy floor 44%

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: $12,500
• Closing costs: $1,500
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-06-19
   days on market $50,000 Active 23 DOM
2. 2026-06-18
   remarks 493-char remark
3. 2026-06-18
   days on market $50,000 Active 22 DOM
4. 2026-06-17
   days on market $50,000 Active 21 DOM
5. 2026-06-16
   days on market $50,000 Active 20 DOM
6. 2026-06-15
   days on market $50,000 Active 19 DOM
7. 2026-06-14
   days on market $50,000 Active 17 DOM
8. 2026-06-12
   days on market $50,000 Active 16 DOM
9. 2026-06-09
   days on market $50,000 Active 13 DOM
10. 2026-06-09
    remarks 414-char remark
11. 2026-06-08
    days on market $50,000 Active 12 DOM
12. 2026-06-07
    days on market $50,000 Active 11 DOM
13. 2026-06-05
    days on market $50,000 Active 8 DOM
14. 2026-06-03
    days on market $50,000 Active 7 DOM
15. 2026-06-02
    days on market $50,000 Active 6 DOM
16. 2026-06-01
    days on market $50,000 Active 5 DOM
17. 2026-05-31
    days on market $50,000 Active 4 DOM
18. 2026-05-30
    days on market $50,000 Active 3 DOM
19. 2026-05-27
    listed $50,000 Active

ⓘ 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: $611 · $51/mo
• Projected year-2 tax: $611 · $51/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 ≥107°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: $14,398
• − Mortgage interest: −$2,801
• − Property taxes: −$611
• − Insurance: −$250
• − Repairs & maintenance: −$1,152
• − Management: −$1,152
• − Depreciation: −$1,455
• Taxable income: $6,978
• Est. tax owed @ 24.0%: −$1,675
• After-tax cash flow: $5,692/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: Union
• NCES district ID: 1201890
• Math proficiency: 62% ▼ -11.00%
• Reading proficiency: 54% ▼ -7.00%
• Median HH income: $40,908
• Composite: 48.59/100
• National rank: #2111
• State rank: #17 of 73 in FL

Livability — Lake Butler

• Score: 64/100
• State rank: #681
• US rank: #14143

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lake Butler, FL
• City population: 43,700
• Population (ZIP): 12,467

Population outlook (Union County) Hauer SSP2

• Today (2025): 14,613 people
• By 2030: 14,322 · -2.0%
• By 2040: 13,780 · -5.7%
• By 2050: 13,325 · -8.8%
• By 2075: 11,965 · -18.1%
• By 2100: 9,102 · -37.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (75%)
• Race & ethnicity: White 75% Black 14% Two or more races 8% Hispanic / Latino 4%
• Common ancestry: Slovak 2% Lithuanian 1% Italian 1%
• Foreign-born: 2% · Canada
• Languages at home: 95% English-only · Spanish 4%

Political lean MEDSL · Union

• 2024 margin: Solid R (+68.3) · D 15.6% · R 83.8%
• 2008→2024 swing: -18.4pp toward R · 2008: -49.9pp · 2024: -68.3pp
• All cycles: 2024: R+68.3 2020: R+65.3 2016: R+62.4 2012: R+49.0 2008: R+49.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 33.99%
• Current HPI: 239.3346
• 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

• 2026-05-27 Listed $50,000 realMLS

Property tax history

+4.2%/yr

Latest (2025): $611 · +4.7% YoY. Source: county tax records.