9301 SE 61st Dr · Taylor Creek, FL 34974

$125,000

2 bd · 2.0 ba · 896 sqft · Manufactured public records · 110 Days on market

Built 1987 3,749 sqft lot Est $131k · at est.

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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 +24.7/30.0
• ARV discount +9.5/15.0
• DSCR +8.0/10.0
• 1% rule +6.2/10.0
• Schools +3.6/10.0
• Livability +2.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Cute 2 Bedroom, 2 Bathroom DWMH in Lar-Kee Lakes. Spacious Master Bedroom with Walk in Closet. 2 Storage Sheds in Back. Great Starter Home or Investment Property. Call to Schedule a Showing Today. LivestockYN = N, Land Use = RES,

Key facts

• Lakeside home
• Extra storage
• Updated bathrooms

Tags

• LAKESIDE HOME
• FULLY FENCED BACKYARD
• EXTRA STORAGE
• UPDATED BATHROOMS

Property features AI

Finance

• Financial info: Pets allowed with no restrictions
• HOA & community: No association amenities

Exterior

• Utilities: Well water; Water available
• Home design: Manufactured home; Single-story; Faces northwest; Resale condition
• Construction: Modular construction
• Exterior features: Entry level living area

Interior

• Kitchen: Electric range; Refrigerator
• Bedrooms: 2 bedrooms (main level)
• Flooring: Laminate flooring
• Bathrooms: 2 full bathrooms (main level)
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Stacked bedroom layout
• Laundry & utility: Washer hookup; Dryer hookup

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $125k.

Deal economics

• At list price, monthly cash flow is $262 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $125k).
• Recommended offer: $114k (9.0% below list) — sets the bar for market timing.
• Cap rate 8.8% 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; 1 comparable units currently listed for rent nearby; 18 units permitted in Okeechobee County in 2024 (0 in 5+ unit buildings).
• This rent runs 32% of the median local income ($53k/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 $864 of loan paydown is wiped out by about $4k 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 110 days — a 9% lower offer ($114k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 8y ago; this cycle's ask is 7712% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $40k; list at $125k implies a 212% 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; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $113,750 (9.0% below list)

Questions for the listing agent

1. It's been on market 110 days. Have you received any prior offers? Is the seller open to a 9% 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 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?
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: 1.12% ✓
• Cap rate: 8.81%
• Cash-on-cash: 8.99%
• DSCR: 1.40
• GRM: 7.4

CMA / ARV

• ARV (on-the-fly): $130,816
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
9237 SE 60th Dr	0.06mi	2/2.0	902 (+1%)	17mo	$80,000	$89	82
8672 SE 59th Dr	0.55mi	2/2.0	926 (+3%)	5mo	$176,000	$190	64
8815 SE 57th Dr	0.53mi	3/2.0 (+1)	938 (+5%)	13mo	$137,000	$146	52

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: -2.7%
• Equity multiple: 0.90×
• Total profit: $-3,555
• Equity at exit: $18,638

10-year hold

• IRR: 7.0%
• Equity multiple: 1.53×
• Total profit: $18,434
• Equity at exit: $10,808

Cash invested: $35,000 (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 34974

• Home prices YoY: -15.6%
• Active inventory: 402
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $1,400 medium
• Mortgage (P&I): −$656
• Tax from tax record: −$136 /mo · $1,634/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$294
• Net cashflow: $262

Break-even live

Break-even rent $1,068

Max offer price $125,000

Occupancy floor 76%

Sensitivity live

Price	-10% $333	-5% $297	+0% $262	+5% $227	+10% $191
Rent	-10% $151	-5% $207	+0% $262	+5% $317	+10% $373
Rate	-1.0pp $325	-0.5pp $294	base $262	+0.5pp $230	+1.0pp $197

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: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
9301 SE 61st Dr Okeechobee, FL	2.0	2.0	896	$1,550	$1.73	24d	1	0.03mi

Listing history 15 events

1. 2026-04-16
   price $1,550
2. 2026-04-09
   listed $1,600
3. 2026-04-09
   historical $1,600
4. 2026-03-03
   listed $1,600
5. 2026-02-05
   listed $125,000 Active
6. 2025-11-19
   historical $1,600
7. 2025-10-26
   listed $1,600
8. 2025-10-26
   historical $1,800
9. 2025-10-12
   listed $1,800
10. 2025-10-12
    historical $1,800
11. 2025-09-05
    listed $1,800
12. 2024-01-22
    historical $1,500
13. 2024-01-05
    listed $1,500
14. 2018-07-25
    soldstatus $40,000 229-char remark

    Show marketing remark (229 chars)

    Cute 2 Bedroom, 2 Bathroom DWMH in Lar-Kee Lakes. Spacious Master Bedroom with Walk in Closet. 2 Storage Sheds in Back. Great Starter Home or Investment Property. Call to Schedule a Showing Today. LivestockYN = N, Land Use = RES,

15. 2018-06-27
    listed $42,000 229-char remark

    Show marketing remark (229 chars)

    Cute 2 Bedroom, 2 Bathroom DWMH in Lar-Kee Lakes. Spacious Master Bedroom with Walk in Closet. 2 Storage Sheds in Back. Great Starter Home or Investment Property. Call to Schedule a Showing Today. LivestockYN = N, Land Use = RES,

ⓘ 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: $1,634 · $136/mo
• Projected year-2 tax: $1,634 · $136/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 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 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,798
• − Mortgage interest: −$7,002
• − Property taxes: −$1,634
• − Insurance: −$625
• − Repairs & maintenance: −$1,344
• − Management: −$1,344
• − Depreciation: −$3,636
• Taxable income: $1,213
• Est. tax owed @ 24.0%: −$291
• After-tax cash flow: $2,854/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

-96.3% since first listed

15 events — show timeline

• 2026-04-16 Price Changed $1,550 RMLSFL
• 2026-04-09 Listed for Rent $1,600 RMLSFL
• 2026-04-09 Rental Removed $1,600 GFLMLS
• 2026-03-03 Listed for Rent $1,600 GFLMLS
• 2026-02-05 Listed $125,000 Beaches MLS
• 2025-11-19 Rental Removed $1,600 RMLSFL
• 2025-10-26 Listed for Rent $1,600 RMLSFL
• 2025-10-26 Rental Removed $1,800 GFLMLS
• 2025-10-12 Listed for Rent $1,800 GFLMLS
• 2025-10-12 Rental Removed $1,800 RMLSFL
• 2025-09-05 Listed for Rent $1,800 RMLSFL
• 2024-01-22 Rental Removed $1,500 GFLMLS
• 2024-01-05 Listed for Rent $1,500 GFLMLS
• 2018-07-25 Sold (MLS) $40,000 Stellar MLS as Distributed by MLS Grid
• 2018-06-27 Listed $42,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+14.3%/yr

Latest (2025): $1,634 · +5.6% YoY. Source: county tax records.