100 Pine Dr · Kenansville, FL 34739

$135,000

3 bd · 2.0 ba · 1,246 sqft · Manufactured public records · 389 Days on market

Built 1985 0.27 ac lot Est $188k · 28% under

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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 +25.2/30.0
• ARV discount +15.0/15.0
• Appreciation +8.8/10.0
• DSCR +8.3/10.0
• 1% rule +6.5/10.0
• Schools +3.6/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

Fully furnished and move in ready this 2 bedroom 2 bath home is ready for a new owner. Located in Kenansville, Fl just thirty minutes south of Downtown Saint Cloud, this home can be a primary residence or a vacation spot, Snow Birds are welcomed! Home sits on just over a . 25 acre, with a partially fenced backyard and 2 driveways, which is perfect for RV or boat storage. No HOA. Private, quiet street and walking distance to the Marina. Enjoy your morning coffee and bird watch on the enclosed, screened front porch. Split floor plan with lots of natural light. New metal roof. 2 outdoor storage sheds. Eat in kitchen with a built in desk. Open concept living room/kitchen combo. Indoor laundry w

Key facts

• Private quiet street
• 2 driveways
• Move in ready

Tags

• FULLY FURNISHED
• MOVE IN READY
• PARTIALLY FENCED BACKYARD
• 2 DRIVEWAYS
• NO HOA
• PRIVATE QUIET STREET

Property features AI

Finance

• Other: Furnished; Located with lake access to Lake Marion (lake access via marina); Lot approximately 0.27 acres (90 x 130)
• HOA & community: No association

Exterior

• Parking: Boat parking; Driveway parking; Guest parking; RV access/parking
• Security: Hurricane shutters
• Utilities: Well water; Septic tank; Cable available; Private utilities
• Home design: Manufactured single-wide home; One story; East-facing; Crawlspace foundation
• Construction: Metal frame with metal siding; Metal roof; Built on crawlspace
• Exterior features: Covered, enclosed and screened front porch; Storage shed(s); Hurricane shutters; Chain link fencing; Mature landscaping with trees; Near marina; Paved and private lot

Interior

• Kitchen: Dishwasher; Disposal; Range; Refrigerator; Water filtration system; Eat-in kitchen
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Laminate; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Heat pump; Central air; Wall/window unit(s)
• Interior features: Ceiling fans; Dry bar; Eat-in kitchen; Kitchen/family room combo; Open floor plan; Split bedroom layout; Window treatments (blinds, shutters)
• Laundry & utility: Inside laundry with washer and dryer; Inside utility room; Bonus room and storage rooms

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $135k.

Deal economics

• At list price, monthly cash flow is $301 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $135k).
• Recommended offer: $119k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads: area grade B — affects rentability + tenant quality, not the cash-flow math above.
• Osceola (suburban): math 39% / reading 45% proficiency, ranked #60 of 73 in FL (top 82%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 60% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 27 active listings in the ZIP; 8,813 units permitted in Osceola County in 2024 (3,072 in 5+ unit buildings).

Forward outlook

• In year one you build about $11k of equity ($933 loan paydown + $10k appreciation (7.7% local appreciation)).
• Osceola County population projected at +73% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (7.7% appreciation + 3.0% rent growth), your $38k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$39k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 389 days — a 12% lower offer ($119k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $55k; list at $135k implies a 145% 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→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $118,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 389 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. 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: 1.15% ✓
• Cap rate: 8.97%
• Cash-on-cash: 9.56%
• DSCR: 1.43
• GRM: 7.3

CMA / ARV

• ARV (on-the-fly): $188,146
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
420 Westfall Dr	0.24mi	2/2.0 (-1)	1,166 (-6%)	1mo	$160,000	$137	72
805 Grant Bass Rd	0.68mi	3/2.0	1,188 (-5%)	3mo	$250,000	$210	58
827 Grant Bass Rd	0.73mi	3/2.0	1,196 (-4%)	9mo	$180,000	$151	52

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

7.67% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 26.7%
• Equity multiple: 2.91×
• Total profit: $72,016
• Equity at exit: $99,592

10-year hold

• IRR: 24.2%
• Equity multiple: 6.15×
• Total profit: $194,686
• Equity at exit: $194,920

Cash invested: $37,800 (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 34739

• Home prices YoY: 3.1%
• Active inventory: 27
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $1,549 medium
• Mortgage (P&I): −$708
• Tax from tax record: −$158 /mo · $1,899/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$325
• Net cashflow: $301

Break-even live

Break-even rent $1,168

Max offer price $135,000

Occupancy floor 76%

Sensitivity live

Price	-10% $378	-5% $339	+0% $301	+5% $263	+10% $225
Rent	-10% $179	-5% $240	+0% $301	+5% $362	+10% $423
Rate	-1.0pp $369	-0.5pp $335	base $301	+0.5pp $266	+1.0pp $231

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: $33,750
• Closing costs: $4,050
• Reserves months: —
• Total cash needed: —

Listing history 7 events

1. 2026-05-31
   days on market $135,000 Active 389 DOM
2. 2025-12-30
   price $135,000
3. 2025-08-27
   price $149,900
4. 2025-07-14
   price $169,000
5. 2025-05-23
   price $185,000
6. 2025-05-07
   listed $195,000 Active
7. 2015-02-13
   soldstatus $55,000

ⓘ 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: $1,899 · $158/mo
• Projected year-2 tax: $1,899 · $158/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 9/10 Extreme 7 d/yr ≥108°F today · 22 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,586
• − Mortgage interest: −$7,562
• − Property taxes: −$1,899
• − Insurance: −$675
• − Repairs & maintenance: −$1,487
• − Management: −$1,487
• − Depreciation: −$3,927
• Taxable income: $1,549
• Est. tax owed @ 24.0%: −$372
• After-tax cash flow: $3,242/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: Osceola
• NCES district ID: 1201470
• Math proficiency: 39% ▼ -9.00%
• Reading proficiency: 45% ▼ -4.00%
• Median HH income: $45,528
• Composite: 35.7/100
• National rank: #4865
• State rank: #60 of 73 in FL

Livability — Kenansville

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Population (ZIP): 858

Population outlook (Osceola County) Hauer SSP2

• Today (2025): 447,624 people
• By 2030: 511,823 · +14.3%
• By 2040: 642,986 · +43.6%
• By 2050: 774,552 · +73.0%
• By 2075: 1,078,144 · +140.9%
• By 2100: 1,269,660 · +183.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority Hispanic (53%)
• Race & ethnicity: Hispanic / Latino 53% Two or more races 51% White 47%
• Hispanic origin (detail): Puerto Rican 2% Cuban 29%
• Common ancestry: Romanian 3% Slovak 3% Lithuanian 2%
• Foreign-born: 26% · Canada
• Languages at home: 56% English-only · Spanish 44%

Political lean MEDSL · Osceola

• 2024 margin: Toss-up / Even · D 48.7% · R 50.2% · Other 1.1%
• 2008→2024 swing: -21.2pp toward R · 2008: 19.7pp · 2024: -1.4pp
• All cycles: 2024: R+1.4 2020: D+13.8 2016: D+25.0 2012: D+24.5 2008: D+19.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 7.67%
• Current HPI: 256.0668
• 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

+145.5% since first listed

6 events — show timeline

• 2025-12-30 Price Changed $135,000 Stellar MLS as Distributed by MLS Grid
• 2025-08-27 Price Changed $149,900 Stellar MLS as Distributed by MLS Grid
• 2025-07-14 Price Changed $169,000 Stellar MLS as Distributed by MLS Grid
• 2025-05-23 Price Changed $185,000 Stellar MLS as Distributed by MLS Grid
• 2025-05-07 Listed $195,000 Stellar MLS as Distributed by MLS Grid
• 2015-02-13 Sold (Public Records) $55,000 Public Records

Property tax history

+8.4%/yr

Latest (2025): $1,899 · +17.0% YoY. Source: county tax records.