2301 SE 33rd St · Taylor Creek, FL 34974

$225,000

3 bd · 2.0 ba · 1,440 sqft · Manufactured public records · 274 Days on market

Built 1977 8,250 sqft lot Est $210k · 7% over

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Why this score? — see what drove the D- 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 +13.9/30.0
• ARV discount +4.3/15.0
• DSCR +4.2/10.0
• Schools +3.6/10.0
• 1% rule +3.2/10.0
• 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

TAYLOR CREEK ISLES - Well maintained 3 Bd/ 2 Ba/ carport DWMH with LAKE "O" Access! Split floor plan, higher ceilings, walk-in closets in all bedrooms. Nice Master suite w/ separate tub and shower. Island Kitchen, cooktop, wall oven. Breakfast bar open to the family room. ALL Furniture included. 1362 Sf under air - 2748 TLA. Charming front porch. NEW back deck. Storage shed. Metal roof. This one has great curb appeal! Good Seawall. Here's Your FLORIDA GET-AWAY! All dimensions are approximate, must measure for exact

Key facts

• Waterfront views
• Launch your boat
• Canal frontage

Tags

• CANAL FRONTAGE
• ACCESS TO LAKE OKEECHOBEE
• SPLIT-BEDROOM FLOOR PLAN
• WATERFRONT VIEWS
• LAUNCH YOUR BOAT

Property features AI

Exterior

• Parking: Circular driveway; 4 total parking spaces (including 2 open spaces)
• Utilities: Public water; Public sewer; Water connected; Sewer connected
• Home design: Manufactured home; Single-story; Faces south; Resale property
• Construction: Composition and rolled/hot mop roof; Skirt: Other; Construction materials: See remarks; Built as a manufactured home
• Exterior features: Open patio; Patio; Shed(s); Fruit trees; Lake access (waterfront)

Interior

• Kitchen: Dishwasher; Electric range; Refrigerator
• Bedrooms: 3 bedrooms on the main level
• Flooring: Laminate
• Bathrooms: 2 full bathrooms on the main level
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Kitchen island; Open patio
• Laundry & utility: Indoor laundry; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $225k.

Deal economics

• At list price, monthly cash flow is $25 ($298/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 $184k (18.3% below list).
• Recommended offer: $184k (18.3% below list) — sets the bar for 1% rule.
• Cap rate 6.4% 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: amenities F, commute F, employment 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.
• Zoned schools: South Elementary School (math 38% / reading 49%, grade F, #1,345 of 2,144 statewide, top 64%, 573 students, 61% FRL); Osceola Middle School (math 53% / reading 36%, grade D, #320 of 571 statewide, top 57%, 753 students, 67% FRL); Okeechobee High School (math 30% / reading 42%, grade F, #359 of 667 statewide, top 55%, 1,692 students, 62% FRL).
• Market conditions: 402 active listings in the ZIP; 18 units permitted in Okeechobee County in 2024 (0 in 5+ unit buildings).
• This rent runs 42% 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 $2k of loan paydown is wiped out by about $7k 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 274 days — a 12% lower offer ($198k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 6y ago; this cycle's ask has dropped $14k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $129k; list at $225k implies a 74% 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 $183,817 (18.3% below list)

Questions for the listing agent

1. It's been on market 274 days. Have you received any prior offers? Is the seller open to a 18% concession, seller financing, or rate buy-down credit?
2. Built in 1977 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
8. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
9. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
10. 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.
11. 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.
12. 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: 0.82% ✗
• Cap rate: 6.43%
• Cash-on-cash: 0.47%
• DSCR: 1.02
• GRM: 10.2

CMA / ARV

• ARV (on-the-fly): $210,240
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2306 SE 31st St	0.10mi	3/2.0	1,362 (-5%)	9mo	$275,000	$202	79
1903 SE 30th St S	0.32mi	2/2.0 (-1)	1,441 (+0%)	4mo	$267,000	$185	76
2128 SE 32nd St	0.10mi	3/2.0	1,296 (-10%)	4mo	$250,000	$193	76
2408 SE 32nd St	0.07mi	3/2.0	1,296 (-10%)	15mo	$141,300	$109	67
2224 SE 34th Ln	0.11mi	2/2.0 (-1)	1,344 (-7%)	14mo	$240,000	$179	67
2001 SE 27th St	0.43mi	2/2.0 (-1)	1,476 (+2%)	5mo	$197,000	$133	67
2200 SE 24th Blvd	0.55mi	3/2.0	1,512 (+5%)	2mo	$220,000	$146	64
1601 Us Highway 441 SE #78	0.63mi	2/2.0 (-1)	1,429 (-1%)	4mo	$125,000	$87	61
1601 SE Us Highway 441 #86	0.63mi	2/2.0 (-1)	1,389 (-4%)	1mo	$220,000	$158	59
2521 SE 29th St	0.30mi	4/2.0 (+1)	1,627 (+13%)	11mo	$225,000	$138	50
1601 Us Highway 441 Hwy SE #73	0.63mi	2/2.0 (-1)	1,329 (-8%)	4mo	$80,000	$60	50
1601 U.s. 441 #71	0.63mi	2/2.0 (-1)	1,276 (-11%)	2mo	$142,500	$112	45

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: -15.6%
• Equity multiple: 0.45×
• Total profit: $-34,930
• Equity at exit: $33,548

10-year hold

• IRR: -7.1%
• Equity multiple: 0.55×
• Total profit: $-28,586
• Equity at exit: $19,454

Cash invested: $63,000 (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: 10.2×

Monthly cashflow live

• Estimated rent: $1,838 medium
• Mortgage (P&I): −$1,180
• Tax from tax record: −$154 /mo · $1,844/yr
• Insurance: −$94
• HOA: −$0
• Vacancy / Maint / Mgmt: −$386
• Net cashflow: $25

Break-even live

Break-even rent $1,807

Max offer price $225,000

Occupancy floor 94%

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: $56,250
• Closing costs: $6,750
• Reserves months: —
• Total cash needed: —

Listing history 34 events

1. 2026-06-16
   days on market $225,000 Active 274 DOM
2. 2026-06-15
   days on market $225,000 Active 273 DOM
3. 2026-06-14
   days on market $225,000 Active 271 DOM
4. 2026-06-10
   days on market $225,000 Active 268 DOM
5. 2026-06-09
   days on market $225,000 Active 267 DOM
6. 2026-06-08
   days on market $225,000 Active 266 DOM
7. 2026-06-07
   days on market $225,000 Active 265 DOM
8. 2026-06-05
   days on market $225,000 Active 262 DOM
9. 2026-06-03
   days on market $225,000 Active 261 DOM
10. 2026-06-02
    days on market $225,000 Active 260 DOM
11. 2026-06-01
    days on market $225,000 Active 259 DOM
12. 2026-05-31
    days on market $225,000 Active 258 DOM
13. 2026-05-30
    days on market $225,000 Active 257 DOM
14. 2026-05-18
    price $225,000
15. 2026-03-04
    price $229,800
16. 2026-02-04
    price $234,800
17. 2025-09-15
    listed $239,000 Active
18. 2025-07-30
    historical
19. 2025-06-24
    price $239,000
20. 2025-04-03
    price $259,000
21. 2025-02-11
    price $264,900
22. 2024-09-03
    price $269,999
23. 2024-07-19
    status Active
24. 2024-07-05
    historical Active Under Contract
25. 2024-06-11
    listed $274,900 Active
26. 2021-04-20
    soldstatus $129,000
27. 2021-04-17
    soldstatus $129,000 Closed 536-char remark

    Show marketing remark (536 chars)

    TAYLOR CREEK ISLES - Well maintained 3 Bd/ 2 Ba/ carport DWMH with LAKE "O" Access! Split floor plan, higher ceilings, walk-in closets in all bedrooms. Nice Master suite w/ separate tub and shower. Island Kitchen, cooktop, wall oven. Breakfast bar open to the family room. ALL Furniture included. 1362 Sf under air - 2748 TLA. Charming front porch. NEW back deck. Storage shed. Metal roof. This one has great curb appeal! Good Seawall. Here's Your FLORIDA GET-AWAY! All dimensions are approximate, must measure for exact

28. 2021-04-01
    status Pending 536-char remark

    Show marketing remark (536 chars)

    TAYLOR CREEK ISLES - Well maintained 3 Bd/ 2 Ba/ carport DWMH with LAKE "O" Access! Split floor plan, higher ceilings, walk-in closets in all bedrooms. Nice Master suite w/ separate tub and shower. Island Kitchen, cooktop, wall oven. Breakfast bar open to the family room. ALL Furniture included. 1362 Sf under air - 2748 TLA. Charming front porch. NEW back deck. Storage shed. Metal roof. This one has great curb appeal! Good Seawall. Here's Your FLORIDA GET-AWAY! All dimensions are approximate, must measure for exact

29. 2021-03-03
    status Pending 536-char remark

    Show marketing remark (536 chars)

    TAYLOR CREEK ISLES - Well maintained 3 Bd/ 2 Ba/ carport DWMH with LAKE "O" Access! Split floor plan, higher ceilings, walk-in closets in all bedrooms. Nice Master suite w/ separate tub and shower. Island Kitchen, cooktop, wall oven. Breakfast bar open to the family room. ALL Furniture included. 1362 Sf under air - 2748 TLA. Charming front porch. NEW back deck. Storage shed. Metal roof. This one has great curb appeal! Good Seawall. Here's Your FLORIDA GET-AWAY! All dimensions are approximate, must measure for exact

30. 2021-01-29
    price $129,000 536-char remark

    Show marketing remark (536 chars)

    TAYLOR CREEK ISLES - Well maintained 3 Bd/ 2 Ba/ carport DWMH with LAKE "O" Access! Split floor plan, higher ceilings, walk-in closets in all bedrooms. Nice Master suite w/ separate tub and shower. Island Kitchen, cooktop, wall oven. Breakfast bar open to the family room. ALL Furniture included. 1362 Sf under air - 2748 TLA. Charming front porch. NEW back deck. Storage shed. Metal roof. This one has great curb appeal! Good Seawall. Here's Your FLORIDA GET-AWAY! All dimensions are approximate, must measure for exact

31. 2020-12-10
    price $139,000 536-char remark

    Show marketing remark (536 chars)

    TAYLOR CREEK ISLES - Well maintained 3 Bd/ 2 Ba/ carport DWMH with LAKE "O" Access! Split floor plan, higher ceilings, walk-in closets in all bedrooms. Nice Master suite w/ separate tub and shower. Island Kitchen, cooktop, wall oven. Breakfast bar open to the family room. ALL Furniture included. 1362 Sf under air - 2748 TLA. Charming front porch. NEW back deck. Storage shed. Metal roof. This one has great curb appeal! Good Seawall. Here's Your FLORIDA GET-AWAY! All dimensions are approximate, must measure for exact

32. 2020-08-25
    listed $149,000 Active 536-char remark

    Show marketing remark (536 chars)

    TAYLOR CREEK ISLES - Well maintained 3 Bd/ 2 Ba/ carport DWMH with LAKE "O" Access! Split floor plan, higher ceilings, walk-in closets in all bedrooms. Nice Master suite w/ separate tub and shower. Island Kitchen, cooktop, wall oven. Breakfast bar open to the family room. ALL Furniture included. 1362 Sf under air - 2748 TLA. Charming front porch. NEW back deck. Storage shed. Metal roof. This one has great curb appeal! Good Seawall. Here's Your FLORIDA GET-AWAY! All dimensions are approximate, must measure for exact

33. 2020-03-12
    soldstatus $70,000
34. 1976-09-01
    soldstatus $9,160

ⓘ 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: $1,844 · $154/mo
• Projected year-2 tax: $1,868 · $156/mo
• Expected delta: +$24/yr (+$2/mo · 1.3%)

ⓘ 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 9/10 Extreme 7 d/yr ≥108°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: $22,058
• − Mortgage interest: −$12,603
• − Property taxes: −$1,844
• − Insurance: −$1,125
• − Repairs & maintenance: −$1,765
• − Management: −$1,765
• − Depreciation: −$6,545
• Taxable loss: −$3,589
• Est. tax savings @ 24.0%: +$861
• After-tax cash flow: $1,159/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

• Census place: Taylor Creek, FL
• 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

+2356.3% since first listed

21 events — show timeline

• 2026-05-18 Price Changed $225,000 Beaches MLS
• 2026-03-04 Price Changed $229,800 Beaches MLS
• 2026-02-04 Price Changed $234,800 Beaches MLS
• 2025-09-15 Listed $239,000 Beaches MLS
• 2025-07-30 Listing Removed — Beaches MLS
• 2025-06-24 Price Changed $239,000 Beaches MLS
• 2025-04-03 Price Changed $259,000 Beaches MLS
• 2025-02-11 Price Changed $264,900 Beaches MLS
• 2024-09-03 Price Changed $269,999 Beaches MLS
• 2024-07-19 Relisted — Beaches MLS
• 2024-07-05 Contingent — Beaches MLS
• 2024-06-11 Listed $274,900 Beaches MLS
• 2021-04-20 Sold (Public Records) $129,000 Public Records
• 2021-04-17 Sold (MLS) $129,000 Stellar MLS as Distributed by MLS Grid
• 2021-04-01 Pending — Stellar MLS as Distributed by MLS Grid
• 2021-03-03 Pending — Stellar MLS as Distributed by MLS Grid
• 2021-01-29 Price Changed $129,000 Stellar MLS as Distributed by MLS Grid
• 2020-12-10 Price Changed $139,000 Stellar MLS as Distributed by MLS Grid
• 2020-08-25 Listed $149,000 Stellar MLS as Distributed by MLS Grid
• 2020-03-12 Sold (Public Records) $70,000 Public Records
• 1976-09-01 Sold (Public Records) $9,160 Public Records

Property tax history

+12.1%/yr

Latest (2025): $1,844 · +4.2% YoY. Source: county tax records.