14350 SE 41st Ter · Belleview, FL 34491

$124,500

3 bd · 2.0 ba · 924 sqft · Manufactured public records · 516 Days on market

Built 1993 10,019 sqft lot $135/sqft · at area comps Est $130k · at est.

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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
• DSCR +10.0/10.0
• 1% rule +9.4/10.0
• ARV discount +9.3/15.0
• Schools +3.6/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Situated at 14350 SE 41st Terrace, Summerfield, FL 34491, updated 3/2 1993 mobile home with newer appliances, new AC, and water softener. The 2nd bathroom and one of the bedrooms have new flooring. The back door has been replaced, with metal siding & a metal roof. No HOA. Great location; private but near to shopping and dining. The couch, TV, and desk that the TV sits on convey. Buyer to assume water softener package and accessories for $75.42/month and Lennox package unit, Blue Tube UV light, thermostat, and filter for $199.02/month (both packages have 89 months remaining as of April 1, 2026) or terminate agreement with Advantage Service Experts for $21,859.35. INFORMATION IS DEEMED RELIABLE BUT NOT GUARANTEED…TO BE VERIFIED BY THE BUYER AND/OR BUYER'S AGENT.

Key facts

• Replaced back door
• Water softener
• Metal siding

Tags

• NEWER APPLIANCES
• NEW AC
• WATER SOFTENER
• NEW FLOORING
• REPLACED BACK DOOR
• METAL SIDING

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $124k.

Deal economics

• At list price, monthly cash flow is $603 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $124k).
• Recommended offer: $110k (12.0% below list) — sets the bar for market timing.
• Cap rate 12.1% vs local median 4.5% in Belleview — 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 69/100 on livability (#458 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools D, crime F, amenities F.
• 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.
• Market conditions: 705 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals leasing fast (median 14d on market — plan ~1-2 weeks tenant-placement turnaround); 7,071 units permitted in Marion County in 2024 (534 in 5+ unit buildings).
• This rent runs 32% of the median local income ($67k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $861 of loan paydown is wiped out by about $4k 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 $35k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 516 days — a 12% lower offer ($110k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 16y 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 $102k; 22% above their basis — modest negotiation headroom, anchor on the comps not their cost.

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 $109,560 (12.0% below list)

Questions for the listing agent

1. It's been on market 516 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. 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.
7. 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.
8. 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: 1.44% ✓
• Cap rate: 12.10%
• Cash-on-cash: 20.74%
• DSCR: 1.92
• GRM: 5.8

CMA / ARV

• ARV (median comp): $129,734
• List price: $124,500
• Delta: -4.03%
• Verdict: FAIR
• Comps: 2 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 13.1%
• Equity multiple: 1.52×
• Total profit: $18,201
• Equity at exit: $18,563

10-year hold

• IRR: 22.0%
• Equity multiple: 2.87×
• Total profit: $65,252
• Equity at exit: $10,764

Cash invested: $34,860 (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 34491

• Home prices YoY: -35.0%
• Active inventory: 705
• Price-to-rent: 5.8×

Monthly cashflow live

• Estimated rent: $1,788 high
• Mortgage (P&I): −$653
• Tax from tax record: −$105 /mo · $1,265/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$376
• Net cashflow: $603

Break-even live

Break-even rent $1,026

Max offer price $124,500

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: $31,125
• Closing costs: $3,735
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3934 SE 142nd St Summerfield, FL	3.0	2.0	1000	$1,499	$1.50	13d	1	0.25mi
3780 SE 141st Ln Summerfield, FL	3.0	2.0	1066	$1,595	$1.50	21d	1	0.42mi
3780 SE 141st Ln Summerfield, FL	3.0	2.0	1066	$1,525	$1.43	13d	1	0.42mi
14025 SE 54th Ct Summerfield, FL	2.0	1.5	1008	$1,500	$1.49	13d	1	1.18mi
13678 SE 55th Ave Summerfield, FL	3.0	2.0	960	$1,499	$1.56	21d	1	1.34mi

Listing history 37 events

1. 2026-06-10
   days on market $124,500 Active 516 DOM
2. 2026-06-09
   days on market $124,500 Active 515 DOM
3. 2026-06-08
   days on market $124,500 Active 514 DOM
4. 2026-06-07
   days on market $124,500 Active 513 DOM
5. 2026-06-03
   days on market $124,500 Active 509 DOM
6. 2026-06-02
   days on market $124,500 Active 508 DOM
7. 2026-05-31
   days on market $124,500 Active 506 DOM
8. 2026-05-30
   days on market $124,500 Active 505 DOM
9. 2025-12-09
   price $124,500 783-char remark

   Show marketing remark (783 chars)

   Situated at 14350 SE 41st Terrace, Summerfield, FL 34491, updated 3/2 1993 mobile home with newer appliances, new AC, and water softener. The 2nd bathroom and one of the bedrooms have new flooring. The back door has been replaced, with metal siding & a metal roof. No HOA. Great location; private but near to shopping and dining. The couch, TV, and desk that the TV sits on convey. Buyer to assume water softener package and accessories for $75.42/month and Lennox package unit, Blue Tube UV light, thermostat, and filter for $199.02/month (both packages have 89 months remaining as of April 1, 2026) or terminate agreement with Advantage Service Experts for $21,859.35. INFORMATION IS DEEMED RELIABLE BUT NOT GUARANTEED…TO BE VERIFIED BY THE BUYER AND/OR BUYER'S AGENT.

10. 2025-12-09
    status Active 783-char remark

    Show marketing remark (783 chars)

    Situated at 14350 SE 41st Terrace, Summerfield, FL 34491, updated 3/2 1993 mobile home with newer appliances, new AC, and water softener. The 2nd bathroom and one of the bedrooms have new flooring. The back door has been replaced, with metal siding & a metal roof. No HOA. Great location; private but near to shopping and dining. The couch, TV, and desk that the TV sits on convey. Buyer to assume water softener package and accessories for $75.42/month and Lennox package unit, Blue Tube UV light, thermostat, and filter for $199.02/month (both packages have 89 months remaining as of April 1, 2026) or terminate agreement with Advantage Service Experts for $21,859.35. INFORMATION IS DEEMED RELIABLE BUT NOT GUARANTEED…TO BE VERIFIED BY THE BUYER AND/OR BUYER'S AGENT.

11. 2025-12-09
    historical

    Show marketing remark (783 chars)

    Situated at 14350 SE 41st Terrace, Summerfield, FL 34491, updated 3/2 1993 mobile home with newer appliances, new AC, and water softener. The 2nd bathroom and one of the bedrooms have new flooring. The back door has been replaced, with metal siding & a metal roof. No HOA. Great location; private but near to shopping and dining. The couch, TV, and desk that the TV sits on convey. Buyer to assume water softener package and accessories for $75.42/month and Lennox package unit, Blue Tube UV light, thermostat, and filter for $199.02/month (both packages have 89 months remaining as of April 1, 2026) or terminate agreement with Advantage Service Experts for $21,859.35. INFORMATION IS DEEMED RELIABLE BUT NOT GUARANTEED…TO BE VERIFIED BY THE BUYER AND/OR BUYER'S AGENT.

12. 2025-12-08
    listed $124,500 Active
13. 2025-12-05
    historical 783-char remark

    Show marketing remark (783 chars)

    Situated at 14350 SE 41st Terrace, Summerfield, FL 34491, updated 3/2 1993 mobile home with newer appliances, new AC, and water softener. The 2nd bathroom and one of the bedrooms have new flooring. The back door has been replaced, with metal siding & a metal roof. No HOA. Great location; private but near to shopping and dining. The couch, TV, and desk that the TV sits on convey. Buyer to assume water softener package and accessories for $75.42/month and Lennox package unit, Blue Tube UV light, thermostat, and filter for $199.02/month (both packages have 89 months remaining as of April 1, 2026) or terminate agreement with Advantage Service Experts for $21,859.35. INFORMATION IS DEEMED RELIABLE BUT NOT GUARANTEED…TO BE VERIFIED BY THE BUYER AND/OR BUYER'S AGENT.

14. 2025-10-13
    price $125,000 783-char remark

    Show marketing remark (783 chars)

    Situated at 14350 SE 41st Terrace, Summerfield, FL 34491, updated 3/2 1993 mobile home with newer appliances, new AC, and water softener. The 2nd bathroom and one of the bedrooms have new flooring. The back door has been replaced, with metal siding & a metal roof. No HOA. Great location; private but near to shopping and dining. The couch, TV, and desk that the TV sits on convey. Buyer to assume water softener package and accessories for $75.42/month and Lennox package unit, Blue Tube UV light, thermostat, and filter for $199.02/month (both packages have 89 months remaining as of April 1, 2026) or terminate agreement with Advantage Service Experts for $21,859.35. INFORMATION IS DEEMED RELIABLE BUT NOT GUARANTEED…TO BE VERIFIED BY THE BUYER AND/OR BUYER'S AGENT.

15. 2025-05-19
    price $130,000 783-char remark

    Show marketing remark (783 chars)

    Situated at 14350 SE 41st Terrace, Summerfield, FL 34491, updated 3/2 1993 mobile home with newer appliances, new AC, and water softener. The 2nd bathroom and one of the bedrooms have new flooring. The back door has been replaced, with metal siding & a metal roof. No HOA. Great location; private but near to shopping and dining. The couch, TV, and desk that the TV sits on convey. Buyer to assume water softener package and accessories for $75.42/month and Lennox package unit, Blue Tube UV light, thermostat, and filter for $199.02/month (both packages have 89 months remaining as of April 1, 2026) or terminate agreement with Advantage Service Experts for $21,859.35. INFORMATION IS DEEMED RELIABLE BUT NOT GUARANTEED…TO BE VERIFIED BY THE BUYER AND/OR BUYER'S AGENT.

16. 2025-03-27
    price $138,000 783-char remark

    Show marketing remark (783 chars)

    Situated at 14350 SE 41st Terrace, Summerfield, FL 34491, updated 3/2 1993 mobile home with newer appliances, new AC, and water softener. The 2nd bathroom and one of the bedrooms have new flooring. The back door has been replaced, with metal siding & a metal roof. No HOA. Great location; private but near to shopping and dining. The couch, TV, and desk that the TV sits on convey. Buyer to assume water softener package and accessories for $75.42/month and Lennox package unit, Blue Tube UV light, thermostat, and filter for $199.02/month (both packages have 89 months remaining as of April 1, 2026) or terminate agreement with Advantage Service Experts for $21,859.35. INFORMATION IS DEEMED RELIABLE BUT NOT GUARANTEED…TO BE VERIFIED BY THE BUYER AND/OR BUYER'S AGENT.

17. 2025-01-23
    price $140,000 783-char remark

    Show marketing remark (783 chars)

    Situated at 14350 SE 41st Terrace, Summerfield, FL 34491, updated 3/2 1993 mobile home with newer appliances, new AC, and water softener. The 2nd bathroom and one of the bedrooms have new flooring. The back door has been replaced, with metal siding & a metal roof. No HOA. Great location; private but near to shopping and dining. The couch, TV, and desk that the TV sits on convey. Buyer to assume water softener package and accessories for $75.42/month and Lennox package unit, Blue Tube UV light, thermostat, and filter for $199.02/month (both packages have 89 months remaining as of April 1, 2026) or terminate agreement with Advantage Service Experts for $21,859.35. INFORMATION IS DEEMED RELIABLE BUT NOT GUARANTEED…TO BE VERIFIED BY THE BUYER AND/OR BUYER'S AGENT.

18. 2025-01-06
    listed $145,000 Active 783-char remark

    Show marketing remark (783 chars)

    Situated at 14350 SE 41st Terrace, Summerfield, FL 34491, updated 3/2 1993 mobile home with newer appliances, new AC, and water softener. The 2nd bathroom and one of the bedrooms have new flooring. The back door has been replaced, with metal siding & a metal roof. No HOA. Great location; private but near to shopping and dining. The couch, TV, and desk that the TV sits on convey. Buyer to assume water softener package and accessories for $75.42/month and Lennox package unit, Blue Tube UV light, thermostat, and filter for $199.02/month (both packages have 89 months remaining as of April 1, 2026) or terminate agreement with Advantage Service Experts for $21,859.35. INFORMATION IS DEEMED RELIABLE BUT NOT GUARANTEED…TO BE VERIFIED BY THE BUYER AND/OR BUYER'S AGENT.

19. 2023-04-27
    soldstatus $102,000 Closed
20. 2023-03-27
    status Pending
21. 2023-03-14
    price $105,000
22. 2023-02-24
    listed $115,000 Active
23. 2023-02-14
    soldstatus $73,000 Closed
24. 2023-02-10
    soldstatus $73,000
25. 2023-01-28
    status Pending
26. 2022-12-22
    status Active
27. 2022-12-15
    status Pending
28. 2022-12-03
    status Active
29. 2022-11-28
    status Pending
30. 2022-10-20
    listed $89,900 Active
31. 2022-07-20
    soldstatus $35,000 Closed
32. 2022-07-01
    status Pending
33. 2022-07-01
    listed $34,900 Active
34. 2011-05-02
    historical
35. 2010-05-03
    listed $29,900
36. 1999-04-23
    soldstatus $25,000
37. 1993-08-13
    soldstatus $22,500

ⓘ 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: $1,265 · $105/mo
• Projected year-2 tax: $1,265 · $105/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 3/10 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 · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,460
• − Mortgage interest: −$6,974
• − Property taxes: −$1,265
• − Insurance: −$622
• − Repairs & maintenance: −$1,717
• − Management: −$1,717
• − Depreciation: −$3,622
• Taxable income: $5,543
• Est. tax owed @ 24.0%: −$1,330
• After-tax cash flow: $5,901/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 — Belleview

• Score: 69/100
• State rank: #458
• US rank: #8314

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Marion County · 315,796 people
• City population: 25,030
• Metro: Ocala, FL
• Population (ZIP): 33,318
• Household income: $66,679
• Rent vs Own: 13.2% rent · 86.8% own
• Severe rent burden: 256.0

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 (77%)
• Race & ethnicity: White 77% Hispanic / Latino 14% Two or more races 9% Black 4% Asian 2%
• Hispanic origin (detail): Mexican 3% Puerto Rican 6% Cuban 1%
• Common ancestry: Lithuanian 3% Slovak 2% Romanian 2%
• Foreign-born: 8% · Canada, Vietnam, Jamaica
• Languages at home: 85% English-only · Spanish 11% Vietnamese 1% 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: ▼ -107.67%
• Current HPI: 200.0792
• Rent YoY: —
• Metro: Ocala, 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

+453.3% since first listed

29 events — show timeline

• 2025-12-09 Price Changed $124,500 Stellar MLS as Distributed by MLS Grid
• 2025-12-09 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-12-09 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-12-08 Listed $124,500 Stellar MLS as Distributed by MLS Grid
• 2025-12-05 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-10-13 Price Changed $125,000 Stellar MLS as Distributed by MLS Grid
• 2025-05-19 Price Changed $130,000 Stellar MLS as Distributed by MLS Grid
• 2025-03-27 Price Changed $138,000 Stellar MLS as Distributed by MLS Grid
• 2025-01-23 Price Changed $140,000 Stellar MLS as Distributed by MLS Grid
• 2025-01-06 Listed $145,000 Stellar MLS as Distributed by MLS Grid
• 2023-04-27 Sold (MLS) $102,000 Stellar MLS as Distributed by MLS Grid
• 2023-03-27 Pending — Stellar MLS as Distributed by MLS Grid
• 2023-03-14 Price Changed $105,000 Stellar MLS as Distributed by MLS Grid
• 2023-02-24 Listed $115,000 Stellar MLS as Distributed by MLS Grid
• 2023-02-14 Sold (MLS) $73,000 Stellar MLS as Distributed by MLS Grid
• 2023-02-10 Sold (Public Records) $73,000 Public Records
• 2023-01-28 Pending — Stellar MLS as Distributed by MLS Grid
• 2022-12-22 Relisted — Stellar MLS as Distributed by MLS Grid
• 2022-12-15 Pending — Stellar MLS as Distributed by MLS Grid
• 2022-12-03 Relisted — Stellar MLS as Distributed by MLS Grid
• 2022-11-28 Pending — Stellar MLS as Distributed by MLS Grid
• 2022-10-20 Listed $89,900 Stellar MLS as Distributed by MLS Grid
• 2022-07-20 Sold (MLS) $35,000 Stellar MLS as Distributed by MLS Grid
• 2022-07-01 Pending — Stellar MLS as Distributed by MLS Grid
• 2022-07-01 Listed $34,900 Stellar MLS as Distributed by MLS Grid
• 2011-05-02 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2010-05-03 Listed $29,900 Stellar MLS as Distributed by MLS Grid
• 1999-04-23 Sold (Public Records) $25,000 Public Records
• 1993-08-13 Sold (Public Records) $22,500 Public Records

Property tax history

+15.2%/yr

Latest (2025): $1,265 · +13.8% YoY. Source: county tax records.