1555 Hillcrest Dr · Lady Lake, FL 32159

$219,500

2 bd · 2.0 ba · 936 sqft · Manufactured public records · 21 Days on market

Built 1987 5,393 sqft lot Est $234k · 6% under

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Why this score? — see what drove the C- 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 +19.4/30.0
• ARV discount +10.3/15.0
• DSCR +6.1/10.0
• 1% rule +4.8/10.0
• Schools +4.2/10.0
• Rent growth +3.5/5.0
• Livability +3.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this beautifully updated 2/2 with golf cart garage located in the community of Orange Blossom Gardens. As you step inside, you'll immediately notice the EXPANSIVE FRONT LANAI under air that welcomes you into this home. The entire home has been thoughtfully upgraded with LUXURY VINYL PLANK (LVP) flooring, providing a stylish and durable foundation for the entire living space. The LVP not only adds a touch of sophistication but also offers easy maintenance and longevity. The kitchen and bathrooms have undergone STUNNING RENOVATIONS, boasting a contemporary design that combines functionality with aesthetic appeal. The kitchen showcases sleek STAINLESS-STEEL APPLIANCES and tile backsplash, adding a touch of modernity to the space. With ample counter space and storage, meal preparation becomes a breeze. The bathrooms have been updated with chic fixtures and modern vanities. As you move throughout the home, you'll appreciate the vaulted ceilings, which create an open and airy ambiance. The VAULTED CEILINGS and SKYLIGHT allow natural light to flood the living areas, making the home feel even more spacious. This residence offers two bedrooms and two bathrooms, providing ample space for comfort and privacy. The bedrooms are cozy retreats, and the updated bathrooms ensure a luxurious experience for residents and guests alike. One of the highlights of this home is its proximity to the pool, which is just a short distance. Whether you want to take a refreshing swim or simply bask in the sun by the water, the pool area is easily accessible, offering a convenient way to relax and enjoy the warm weather. If this wasn’t enough there are hurricane shutters, and the roof was replaced in 2020. All furniture conveys with the home. Come see why this home is just right for you!

Key facts

• Updated lvp flooring
• Updated kitchen
• Granite countertops

Tags

• UPDATED LVP FLOORING
• UPDATED KITCHEN
• GRANITE COUNTERTOPS
• STAINLESS STEEL APPLIANCES
• TILE BACKSPLASH
• LARGE SINGLE SINK

Property features AI

Finance

• Other: Turnkey furnished; Zoning: MX-8
• HOA & community: Community mailbox; Deed restrictions; Dog park; Fitness center; Golf; Reclaimed water irrigation; Park; Playground; Pool; Sidewalks; Tennis courts; Senior community

Exterior

• Parking: Attached garage (1 car); Carport with space for 2 vehicles; Golf cart garage/parking
• Utilities: Public water; Public sewer; Electricity connected; Sewer connected
• Home design: Manufactured double-wide home; One level; West-facing
• Construction: Vinyl siding; Membrane and shingle roof; Pillar/post/pier foundation; Built as a manufactured home
• Exterior features: Rain gutters; Shade shutters; Irrigation equipment; Paved public-maintained road access

Interior

• Kitchen: Dishwasher; Range; Microwave; Refrigerator
• Bedrooms: 2 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; High ceilings; Living room/dining room combo; Open floorplan; Split bedroom layout; Vaulted ceilings; Window treatments
• Laundry & utility: Washer hookup; Dryer hookup (electric); Laundry area in garage

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $220k.

Deal economics

• At list price, monthly cash flow is $247 ($3k/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 $215k (2.0% below list).
• Recommended offer: $215k (2.0% below list) — sets the bar for 1% rule.
• Cap rate 7.6% vs local median 4.1% in Lady Lake — 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 (#457 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A-; Watch: employment D, amenities F, commute F.
• Lake (suburban): math 49% / reading 50% proficiency, ranked #37 of 73 in FL (top 51%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+4.0%/yr); 576 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 4,799 units permitted in Lake County in 2024 (814 in 5+ unit buildings).
• This rent runs 44% of the median local income ($59k/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 $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Lake County population projected at +37% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 21 days — a 2% lower offer ($216k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 3y 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 $215,184 (2.0% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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.
4. 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.
5. 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: 7.64%
• Cash-on-cash: 4.82%
• DSCR: 1.21
• GRM: 8.5

CMA / ARV

• ARV (on-the-fly): $234,000
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
814 Orchid St	0.36mi	2/2.0	1,040 (+11%)	3mo	$260,000	$250	62
726 Orchid St	0.37mi	2/2.0	1,040 (+11%)	5mo	$205,000	$197	60

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 · 4.03% rent growth · sell at horizon

5-year hold

• IRR: -7.7%
• Equity multiple: 0.71×
• Total profit: $-17,596
• Equity at exit: $32,728

10-year hold

• IRR: 3.1%
• Equity multiple: 1.23×
• Total profit: $14,341
• Equity at exit: $18,978

Cash invested: $61,460 (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 32159

• Home prices YoY: -16.0%
• Rents YoY: 4.0%
• Active inventory: 576
• Price-to-rent: 8.5×

Monthly cashflow live

• Estimated rent: $2,152 high
• Mortgage (P&I): −$1,151
• Tax from tax record: −$210 /mo · $2,526/yr
• Insurance: −$91
• HOA: −$0
• Vacancy / Maint / Mgmt: −$452
• Net cashflow: $247

Break-even live

Break-even rent $1,839

Max offer price $219,500

Occupancy floor 84%

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: $54,875
• Closing costs: $6,585
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1715 Pebble Beach Ln Lady Lake, FL	2.0	2.0	1040	$3,500	$3.37	23d	1	0.18mi
739 Heathrow Ave Lady Lake, FL	2.0	2.0	1040	$2,250	$2.16	1d	1	0.25mi
909 Orchid St Lady Lake, FL	2.0	1.0	936	$1,600	$1.71	23d	1	0.43mi
1214 Dustin Dr Lady Lake, FL	2.0	2.0	1040	$1,400	$1.35	23d	1	0.58mi
804 Weeping Willow Ave Lady Lake, FL	2.0	1.0	672	$1,300	$1.93	16d	1	0.64mi
1532 W Schwartz Blvd Lady Lake, FL	2.0	2.0	1092	$2,950	$2.70	23d	1	0.76mi
1824 Marion County Rd Weirsdale, FL	2.0	2.0	1064	$1,500	$1.41	23d	1	0.95mi
13765 NE 136th Loop Lady Lake, FL	1.0–3.0	1.0–2.0	1078	$1,639	$1.52	20d	36	1.06mi
13740 Lead LN The Villages, FL	1.0–3.0	1.0–2.0	1029	$1,720	$1.67	20d	38	1.06mi
508 Tarrson Blvd Unit 1525263P Lady Lake, FL	2.0	2.0	1011	$1,262	$1.25	12d	1	1.14mi

Listing history 19 events

1. 2026-06-18
   days on market $219,500 Active 21 DOM
2. 2026-06-17
   price $219,500 Active 20 DOM
3. 2026-06-17
   days on market $227,000 Active 20 DOM
4. 2026-06-16
   days on market $227,000 Active 19 DOM
5. 2026-06-15
   days on market $227,000 Active 18 DOM
6. 2026-06-13
   days on market $227,000 Active 16 DOM
7. 2026-06-09
   days on market $227,000 Active 12 DOM
8. 2026-06-08
   days on market $227,000 Active 11 DOM
9. 2026-06-07
   days on market $227,000 Active 10 DOM
10. 2026-06-04
    days on market $227,000 Active 7 DOM
11. 2026-06-03
    days on market $227,000 Active 6 DOM
12. 2026-06-02
    days on market $227,000 Active 5 DOM
13. 2026-06-01
    days on market $227,000 Active 4 DOM
14. 2026-05-31
    days on market $227,000 Active 3 DOM
15. 2026-05-28
    listed $227,000 Active
16. 2023-08-11
    soldstatus $219,000 Closed 1803-char remark

    Show marketing remark (1803 chars)

    Welcome to this beautifully updated 2/2 with golf cart garage located in the community of Orange Blossom Gardens. As you step inside, you'll immediately notice the EXPANSIVE FRONT LANAI under air that welcomes you into this home. The entire home has been thoughtfully upgraded with LUXURY VINYL PLANK (LVP) flooring, providing a stylish and durable foundation for the entire living space. The LVP not only adds a touch of sophistication but also offers easy maintenance and longevity. The kitchen and bathrooms have undergone STUNNING RENOVATIONS, boasting a contemporary design that combines functionality with aesthetic appeal. The kitchen showcases sleek STAINLESS-STEEL APPLIANCES and tile backsplash, adding a touch of modernity to the space. With ample counter space and storage, meal preparation becomes a breeze. The bathrooms have been updated with chic fixtures and modern vanities. As you move throughout the home, you'll appreciate the vaulted ceilings, which create an open and airy ambiance. The VAULTED CEILINGS and SKYLIGHT allow natural light to flood the living areas, making the home feel even more spacious. This residence offers two bedrooms and two bathrooms, providing ample space for comfort and privacy. The bedrooms are cozy retreats, and the updated bathrooms ensure a luxurious experience for residents and guests alike. One of the highlights of this home is its proximity to the pool, which is just a short distance. Whether you want to take a refreshing swim or simply bask in the sun by the water, the pool area is easily accessible, offering a convenient way to relax and enjoy the warm weather. If this wasn’t enough there are hurricane shutters, and the roof was replaced in 2020. All furniture conveys with the home. Come see why this home is just right for you!

17. 2023-07-12
    status Pending 1803-char remark

    Show marketing remark (1803 chars)

    Welcome to this beautifully updated 2/2 with golf cart garage located in the community of Orange Blossom Gardens. As you step inside, you'll immediately notice the EXPANSIVE FRONT LANAI under air that welcomes you into this home. The entire home has been thoughtfully upgraded with LUXURY VINYL PLANK (LVP) flooring, providing a stylish and durable foundation for the entire living space. The LVP not only adds a touch of sophistication but also offers easy maintenance and longevity. The kitchen and bathrooms have undergone STUNNING RENOVATIONS, boasting a contemporary design that combines functionality with aesthetic appeal. The kitchen showcases sleek STAINLESS-STEEL APPLIANCES and tile backsplash, adding a touch of modernity to the space. With ample counter space and storage, meal preparation becomes a breeze. The bathrooms have been updated with chic fixtures and modern vanities. As you move throughout the home, you'll appreciate the vaulted ceilings, which create an open and airy ambiance. The VAULTED CEILINGS and SKYLIGHT allow natural light to flood the living areas, making the home feel even more spacious. This residence offers two bedrooms and two bathrooms, providing ample space for comfort and privacy. The bedrooms are cozy retreats, and the updated bathrooms ensure a luxurious experience for residents and guests alike. One of the highlights of this home is its proximity to the pool, which is just a short distance. Whether you want to take a refreshing swim or simply bask in the sun by the water, the pool area is easily accessible, offering a convenient way to relax and enjoy the warm weather. If this wasn’t enough there are hurricane shutters, and the roof was replaced in 2020. All furniture conveys with the home. Come see why this home is just right for you!

18. 2023-06-27
    listed $219,900 Active 1803-char remark

    Show marketing remark (1803 chars)

    Welcome to this beautifully updated 2/2 with golf cart garage located in the community of Orange Blossom Gardens. As you step inside, you'll immediately notice the EXPANSIVE FRONT LANAI under air that welcomes you into this home. The entire home has been thoughtfully upgraded with LUXURY VINYL PLANK (LVP) flooring, providing a stylish and durable foundation for the entire living space. The LVP not only adds a touch of sophistication but also offers easy maintenance and longevity. The kitchen and bathrooms have undergone STUNNING RENOVATIONS, boasting a contemporary design that combines functionality with aesthetic appeal. The kitchen showcases sleek STAINLESS-STEEL APPLIANCES and tile backsplash, adding a touch of modernity to the space. With ample counter space and storage, meal preparation becomes a breeze. The bathrooms have been updated with chic fixtures and modern vanities. As you move throughout the home, you'll appreciate the vaulted ceilings, which create an open and airy ambiance. The VAULTED CEILINGS and SKYLIGHT allow natural light to flood the living areas, making the home feel even more spacious. This residence offers two bedrooms and two bathrooms, providing ample space for comfort and privacy. The bedrooms are cozy retreats, and the updated bathrooms ensure a luxurious experience for residents and guests alike. One of the highlights of this home is its proximity to the pool, which is just a short distance. Whether you want to take a refreshing swim or simply bask in the sun by the water, the pool area is easily accessible, offering a convenient way to relax and enjoy the warm weather. If this wasn’t enough there are hurricane shutters, and the roof was replaced in 2020. All furniture conveys with the home. Come see why this home is just right for you!

19. 2022-10-03
    soldstatus $212,000

ⓘ 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: $2,526 · $210/mo
• Projected year-2 tax: $2,526 · $210/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 5/10 Major
• 🌡 Heat 8/10 Severe 7 d/yr ≥109°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: $25,822
• − Mortgage interest: −$12,295
• − Property taxes: −$2,526
• − Insurance: −$1,098
• − Repairs & maintenance: −$2,066
• − Management: −$2,066
• − Depreciation: −$6,385
• Taxable loss: −$614
• Est. tax savings @ 24.0%: +$147
• After-tax cash flow: $3,110/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: Lake
• NCES district ID: 1201050
• Math proficiency: 49% ▼ -7.00%
• Reading proficiency: 50% ▼ -4.00%
• Median HH income: $46,632
• Composite: 42.05/100
• National rank: #3327
• State rank: #37 of 73 in FL

Livability — Lady Lake

• Score: 69/100
• State rank: #457
• US rank: #8302

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lady Lake, FL
• County: Lake County · 364,602 people
• City population: 32,107
• Metro: Orlando-Kissimmee-Sanford, FL
• Population (ZIP): 32,107
• Household income: $58,518
• Rent vs Own: 17.6% rent · 82.4% own
• Severe rent burden: 1047.0

Population outlook (Lake County) Hauer SSP2

• Today (2025): 386,640 people
• By 2030: 417,107 · +7.9%
• By 2040: 476,676 · +23.3%
• By 2050: 531,296 · +37.4%
• By 2075: 648,303 · +67.7%
• By 2100: 698,530 · +80.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (86%)
• Race & ethnicity: White 86% Hispanic / Latino 6% Two or more races 5% Black 4% Asian 1%
• Hispanic origin (detail): Puerto Rican 3%
• Common ancestry: Romanian 4% Lithuanian 3% Slovak 3%
• Foreign-born: 5% · Canada, Jamaica
• Languages at home: 93% English-only · Spanish 4% German/W. Germanic 1% Other Indo-European 1%

Political lean MEDSL · Lake

• 2024 margin: Strong R (+24.7) · D 37.3% · R 62.0%
• 2008→2024 swing: -11.2pp toward R · 2008: -13.5pp · 2024: -24.7pp
• All cycles: 2024: R+24.7 2020: R+20.0 2016: R+23.1 2012: R+17.1 2008: R+13.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -45.24%
• Current HPI: 237.6208
• Rent YoY: ▲ 4.03%
• Metro: Orlando-Kissimmee-Sanford, 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

+7.1% since first listed

5 events — show timeline

• 2026-05-28 Listed $227,000 Stellar MLS as Distributed by MLS Grid
• 2023-08-11 Sold (MLS) $219,000 Stellar MLS as Distributed by MLS Grid
• 2023-07-12 Pending — Stellar MLS as Distributed by MLS Grid
• 2023-06-27 Listed $219,900 Stellar MLS as Distributed by MLS Grid
• 2022-10-03 Sold (Public Records) $212,000 Public Records

Property tax history

+12.8%/yr

Latest (2025): $2,526 · +13.6% YoY. Source: county tax records.