6444 SE 51st Ln · Taylor Creek, FL 34974

$99,000

1 bd · 1.0 ba · 496 sqft · Manufactured public records · 100 Days on market

Built 1993 2,352 sqft lot Est $69k · 43% over $208/mo HOA · 19% of rent

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Why this score? — see what drove the F 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 +11.7/30.0
• 1% rule +5.9/10.0
• Schools +3.6/10.0
• DSCR +3.4/10.0
• Livability +2.8/5.0
• 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

Welcome to resort-style 55+ living at Lake Okeechobee! This charming Palm Harbor park model with an addition offers 1 bed 1 bath, featuring Partially glass/Vinyl enclosed Florida room that adds extra comfort. The home comes completely furnished located on a double street and has a double carport for parking. Ancient Oaks is an active, resort style community offering a heated pool, pickleball courts, a huge clubhouse, and a full calendar of events. Enjoy the on-site marina with a boat ramp and fish cleaning station. Pets are welcome! Comfort, convenience, and an unbeatable lifestyle in one of Okeechobee's most sought after communities.

Key facts

• Pickleball courts
• Double carport
• Huge clubhouse

Tags

• DOUBLE CARPORT
• HEATED POOL
• PICKLEBALL COURTS
• HUGE CLUBHOUSE
• ON-SITE MARINA
• BOAT RAMP

Property features AI

Finance

• HOA & community: Has association; Quarterly HOA fee; HOA includes grounds maintenance and trash; Community amenities: clubhouse, pool, other; Senior community

Exterior

• Parking: Attached garage; Attached carport; Covered parking (2 spaces); Carport with 2 spaces
• Utilities: Public water; Public sewer
• Home design: Mobile home; One story; First-floor entry; Faces east
• Construction: Metal roof; Resale condition
• Exterior features: Open porch; Glass-enclosed porch; Not waterfront

Interior

• Kitchen: Electric range; Gas range; Refrigerator; Kitchen island; Water purifier
• Bedrooms: 1 bedroom on the main level
• Flooring: Carpet; Laminate; Vinyl
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Furnished; Has fireplace
• Laundry & utility: Electric water heater; Water softener

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath manufactured listed at $99k.

Deal economics

• At list price, monthly cash flow is $-29 ($-343/yr) — negative.
• To cash-flow at today's rent, offer at most $94k (5.1% below list).
• Meets the 1% rule at list price ($1k rent vs $99k).
• Recommended offer: $90k (9.0% below list) — sets the bar for market timing.
• Cap rate 5.9% vs local median 4.1% in Taylor Creek — 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 56/100 on livability (#874 in FL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+, crime B+; Watch: schools F, amenities F, commute F.
• Okeechobee (town): math 44% / reading 42% proficiency, ranked #58 of 73 in FL (top 80%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 72% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 402 active listings in the ZIP; 18 units permitted in Okeechobee County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $684 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Okeechobee County population projected at -21% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 100 days — a 9% lower offer ($90k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 11y 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.
• Current owner paid $7k; list at $99k implies a 1356% 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→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $90,090 (9.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 100 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 1.09% ✓
• Cap rate: 5.95%
• Cash-on-cash: -1.24%
• DSCR: 0.94
• GRM: 7.6

CMA / ARV

• ARV (on-the-fly): $69,440
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5312 SE 67th Ave	0.21mi	1/2.0	488 (-2%)	5mo	$64,500	$132	79
5354 SE 65th Ter	0.18mi	1/1.0	504 (+2%)	17mo	$75,000	$149	75
6649 SE 56th St	0.30mi	1/1.0	436 (-12%)	1mo	$85,000	$195	65
6458 SE 55th Ln	0.28mi	1/1.0	428 (-14%)	8mo	$50,000	$117	58
6531 SE 56th Ln	0.31mi	1/1.0	430 (-13%)	11mo	$60,000	$140	54

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: -18.2%
• Equity multiple: 0.36×
• Total profit: $-17,723
• Equity at exit: $14,761

10-year hold

• IRR: -10.1%
• Equity multiple: 0.38×
• Total profit: $-17,213
• Equity at exit: $8,560

Cash invested: $27,720 (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 34974

• Home prices YoY: -15.6%
• Active inventory: 402
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $1,081 medium
• Mortgage (P&I): −$519
• Tax from tax record: −$114 /mo · $1,374/yr
• Insurance: −$41
• HOA: −$208
• Vacancy / Maint / Mgmt: −$227
• Net cashflow: $-29

Break-even live

Break-even rent $1,118

Max offer price $93,955

Occupancy floor 98%

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: $24,750
• Closing costs: $2,970
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $208 · $2,496/yr
• Likely covers: pool

Listing history 24 events

1. 2026-06-19
   days on market $99,000 Active 100 DOM
2. 2026-06-18
   days on market $99,000 Active 99 DOM
3. 2026-06-17
   days on market $99,000 Active 98 DOM
4. 2026-06-16
   days on market $99,000 Active 97 DOM
5. 2026-06-15
   days on market $99,000 Active 96 DOM
6. 2026-06-14
   days on market $99,000 Active 94 DOM
7. 2026-06-10
   days on market $99,000 Active 91 DOM
8. 2026-06-09
   days on market $99,000 Active 90 DOM
9. 2026-06-08
   days on market $99,000 Active 89 DOM
10. 2026-06-07
    days on market $99,000 Active 88 DOM
11. 2026-06-05
    days on market $99,000 Active 85 DOM
12. 2026-06-03
    days on market $99,000 Active 84 DOM
13. 2026-06-02
    days on market $99,000 Active 83 DOM
14. 2026-06-01
    days on market $99,000 Active 82 DOM
15. 2026-05-31
    days on market $99,000 Active 81 DOM
16. 2026-05-30
    days on market $99,000 Active 80 DOM
17. 2026-01-20
    listed $99,000 Active
18. 2017-02-26
    historical
19. 2016-03-07
    listed $59,999
20. 2015-06-16
    historical
21. 2015-03-06
    listed $58,900
22. 1998-09-09
    soldstatus $6,800
23. 1998-09-05
    soldstatus $6,800
24. 1998-09-04
    soldstatus $6,800

ⓘ 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: $1,374 · $114/mo
• Projected year-2 tax: $1,374 · $114/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 4/10 Moderate FEMA zone X (shaded) · 23% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 9/10 Extreme 7 d/yr ≥107°F today · 24 d/yr by 30 yrs out
• 💨 Wind 10/10 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: $12,977
• − Mortgage interest: −$5,546
• − Property taxes: −$1,374
• − Insurance: −$495
• − Repairs & maintenance: −$1,038
• − Management: −$1,038
• − HOA: −$2,496
• − Depreciation: −$2,880
• Taxable loss: −$1,889
• Est. tax savings @ 24.0%: +$453
• After-tax cash flow: $111/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: Okeechobee
• NCES district ID: 1201410
• Math proficiency: 44% ▼ -12.00%
• Reading proficiency: 42% ▼ -4.00%
• Median HH income: $36,710
• Composite: 35.73/100
• National rank: #4855
• State rank: #58 of 73 in FL

Livability — Taylor Creek

• Score: 56/100
• State rank: #874
• US rank: #23017

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Okeechobee County · 23,975 people
• Metro: Okeechobee, FL
• Population (ZIP): 23,975
• Household income: $53,013
• Rent vs Own: 18.3% rent · 81.7% own
• Severe rent burden: 399.0

Population outlook (Okeechobee County) Hauer SSP2

• Today (2025): 37,273 people
• By 2030: 35,885 · -3.7%
• By 2040: 32,931 · -11.6%
• By 2050: 29,433 · -21.0%
• By 2075: 19,607 · -47.4%
• By 2100: 11,814 · -68.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (74%)
• Race & ethnicity: White 74% Hispanic / Latino 19% Two or more races 8% Asian 2% Black 2% Native American 1%
• Hispanic origin (detail): Mexican 12% Puerto Rican 1% Cuban 2%
• Common ancestry: Lithuanian 2% Iranian 2% Italian 2%
• Foreign-born: 11% · Canada, Jamaica
• Languages at home: 81% English-only · Spanish 16% French/Haitian/Cajun 1% Other Indo-European 1%

Political lean MEDSL · Okeechobee

• 2024 margin: Solid R (+53.8) · D 22.9% · R 76.7%
• 2008→2024 swing: -34.6pp toward R · 2008: -19.2pp · 2024: -53.8pp
• All cycles: 2024: R+53.8 2020: R+44.4 2016: R+39.5 2012: R+20.0 2008: R+19.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -64.47%
• Current HPI: 348.6692
• Rent YoY: —
• Metro: Okeechobee, 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

+1355.9% since first listed

8 events — show timeline

• 2026-01-20 Listed $99,000 Beaches MLS
• 2017-02-26 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2016-03-07 Listed $59,999 Stellar MLS as Distributed by MLS Grid
• 2015-06-16 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2015-03-06 Listed $58,900 Stellar MLS as Distributed by MLS Grid
• 1998-09-09 Sold (Public Records) $6,800 Public Records
• 1998-09-05 Sold (Public Records) $6,800 Public Records
• 1998-09-04 Sold (Public Records) $6,800 Public Records

Property tax history

+6.3%/yr

Latest (2025): $1,374 · +147.1% YoY. Source: county tax records.