9653 4th Ave · Taft, FL 32824

$299,990

3 bd · 2.0 ba · 1,620 sqft · Manufactured public records · 39 Days on market

Built 2003 7,887 sqft lot

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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 +12.5/30.0
• ARV discount +7.5/15.0
• Schools +4.1/10.0
• DSCR +3.7/10.0
• Livability +3.7/5.0
• 1% rule +2.9/10.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Short Sale; This 3 bedroom 2 bath manufactured home is located on a large corner lot. Built in 2003, this property features a formal dining room, living/great room that over looks the kitchen, breakfast bar, inside utility room and more!The master bathroom offers a large garden and seperate shower stall. This location offers easy access to airport, atractions, dining, and shopping.

Key facts

• Sizable yard
• Spacious kitchen
• 7,887 sq ft lot

Tags

• DOUBLE-WIDE MANUFACTURED HOME
• EASY ACCESS TO MAJOR HIGHWAYS
• SPACIOUS KITCHEN
• SIZABLE YARD
• PEACEFUL RESIDENTIAL LIVING
• CLOSE TO ORLANDO DESTINATIONS

Property features AI

Finance

• Other: Property classified as residential (manufactured home); Zoning: R-T-1; Total living area reported as 1,620 square feet
• Financial info: No lease restrictions; Annual taxes listed (see full listing for amount)
• HOA & community: No association; No association approval required

Exterior

• Utilities: Electricity connected; Water connected; Septic tank; Cable available; Broadband/high-speed internet available
• Home design: Manufactured double-wide home; One story; East-facing entry
• Construction: Metal frame with metal siding; Shingle roof; Crawlspace foundation; Built on a 0.18-acre lot
• Exterior features: Asphalt-paved road access

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: Three bedrooms
• Flooring: Laminate
• Bathrooms: Two full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Range and refrigerator included; Laminate flooring; Six total rooms
• Laundry & utility: Laundry inside

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $300k.

Deal economics

• At list price, monthly cash flow is $-45 ($-542/yr) — negative.
• To cash-flow at today's rent, offer at most $292k (2.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $237k (20.9% below list).
• Recommended offer: $237k (20.9% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 74/100 on livability (#275 in FL, #4,431 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: schools F, amenities F, employment D-.
• Orange (suburban): math 46% / reading 51% proficiency, ranked #43 of 73 in FL (top 59%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents soft (-0.2%/yr); 344 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 8,053 units permitted in Orange County in 2024 (3,133 in 5+ unit buildings).
• This rent runs 34% of the median local income ($85k/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 $9k of value loss. Plan a longer hold.
• Orange County population projected at +52% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 39 days — a 3% lower offer ($291k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 19y 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 $115k; list at $300k implies a 161% 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→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $237,219 (20.9% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 39 days. Have you received any prior offers? Is the seller open to a 21% concession, seller financing, or rate buy-down credit?
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. 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?
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: 0.79% ✗
• Cap rate: 6.11%
• Cash-on-cash: -0.65%
• DSCR: 0.97
• GRM: 10.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -20.5%
• Equity multiple: 0.30×
• Total profit: $-58,499
• Equity at exit: $44,729

10-year hold

• IRR: -21.6%
• Equity multiple: 0.03×
• Total profit: $-81,750
• Equity at exit: $25,938

Cash invested: $83,997 (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 32824

• Rents YoY: -0.2%
• Active inventory: 344
• Price-to-rent: 10.5×

Monthly cashflow live

• Estimated rent: $2,372 high
• Mortgage (P&I): −$1,573
• Tax from tax record: −$221 /mo · $2,652/yr
• Insurance: −$125
• HOA: −$0
• Vacancy / Maint / Mgmt: −$498
• Net cashflow: $-45

Break-even live

Break-even rent $2,429

Max offer price $292,010

Occupancy floor 97%

Sensitivity live

Price	-10% $125	-5% $40	+0% $-45	+5% $-130	+10% $-215
Rent	-10% $-233	-5% $-139	+0% $-45	+5% $49	+10% $142
Rate	-1.0pp $106	-0.5pp $31	base $-45	+0.5pp $-123	+1.0pp $-202

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: $74,998
• Closing costs: $9,000
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
9854 5th Ave Orlando, FL	3.0	2.0	1346	$2,100	$1.56	9d	1	0.22mi
9663 Cypress Park Dr Unit m9663c Orlando, FL	3.0	2.0	1056	$1,750	$1.66	19d	1	0.31mi
1534 Sage Creek Ct Orlando, FL	4.0	2.5	1901	$2,435	$1.28	21d	1	0.49mi
9751 Red Clover Ave Orlando, FL	3.0	2.0	1224	$2,210	$1.81	21d	1	0.53mi
1914 Teaberry Ct Orlando, FL	4.0	2.0	1177	$2,550	$2.17	23d	1	0.56mi
9599 Lupine Ave Orlando, FL	3.0	2.0	1248	$2,235	$1.79	3d	1	0.64mi

Listing history 20 events

1. 2026-06-21
   days on market $299,990 Active 39 DOM
2. 2026-06-18
   days on market $299,990 Active 36 DOM
3. 2026-06-17
   days on market $299,990 Active 35 DOM
4. 2026-06-16
   days on market $299,990 Active 34 DOM
5. 2026-06-15
   days on market $299,990 Active 33 DOM
6. 2026-06-13
   days on market $299,990 Active 31 DOM
7. 2026-06-13
   days on market $299,990 Active 30 DOM
8. 2026-06-09
   days on market $299,990 Active 27 DOM
9. 2026-06-08
   days on market $299,990 Active 26 DOM
10. 2026-06-07
    days on market $299,990 Active 25 DOM
11. 2026-06-04
    days on market $299,990 Active 22 DOM
12. 2026-06-03
    days on market $299,990 Active 21 DOM
13. 2026-06-02
    days on market $299,990 Active 20 DOM
14. 2026-06-01
    days on market $299,990 Active 19 DOM
15. 2026-05-31
    days on market $299,990 Active 18 DOM
16. 2026-05-13
    listed $299,990 Active
17. 2022-12-05
    soldstatus $115,000
18. 2011-08-26
    soldstatus $23,000 384-char remark

    Show marketing remark (384 chars)

    Short Sale; This 3 bedroom 2 bath manufactured home is located on a large corner lot. Built in 2003, this property features a formal dining room, living/great room that over looks the kitchen, breakfast bar, inside utility room and more!The master bathroom offers a large garden and seperate shower stall. This location offers easy access to airport, atractions, dining, and shopping.

19. 2011-02-04
    listed $24,900 384-char remark

    Show marketing remark (384 chars)

    Short Sale; This 3 bedroom 2 bath manufactured home is located on a large corner lot. Built in 2003, this property features a formal dining room, living/great room that over looks the kitchen, breakfast bar, inside utility room and more!The master bathroom offers a large garden and seperate shower stall. This location offers easy access to airport, atractions, dining, and shopping.

20. 2007-06-19
    listed $159,900

ⓘ 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: $2,652 · $221/mo
• Projected year-2 tax: $2,652 · $221/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 9/10 Extreme 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 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $28,466
• − Mortgage interest: −$16,804
• − Property taxes: −$2,652
• − Insurance: −$1,500
• − Repairs & maintenance: −$2,277
• − Management: −$2,277
• − Depreciation: −$8,727
• Taxable loss: −$5,772
• Est. tax savings @ 24.0%: +$1,385
• After-tax cash flow: $843/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: Orange
• NCES district ID: 1201440
• Math proficiency: 46% ▼ -9.00%
• Reading proficiency: 51% ▼ -2.00%
• Median HH income: $49,350
• Composite: 41.47/100
• National rank: #3461
• State rank: #43 of 73 in FL

Livability — Taft

• Score: 74/100
• State rank: #275
• US rank: #4431

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Taft, FL
• County: Orange County · 1,471,359 people
• Metro: Orlando-Kissimmee-Sanford, FL
• Population (ZIP): 58,368
• Household income: $84,841
• Rent vs Own: 24.1% rent · 75.9% own
• Severe rent burden: 1015.0

Population outlook (Orange County) Hauer SSP2

• Today (2025): 1,618,226 people
• By 2030: 1,787,404 · +10.5%
• By 2040: 2,125,621 · +31.4%
• By 2050: 2,454,016 · +51.6%
• By 2075: 3,173,711 · +96.1%
• By 2100: 3,607,781 · +122.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: Hispanic / Latino 62% Two or more races 34% White 15% Black 13% Asian 6%
• Hispanic origin (detail): Mexican 2% Puerto Rican 26% Cuban 2% Dominican 6%
• Common ancestry: Romanian 1% Hispanic 1% Russian 1%
• Foreign-born: 32% · Canada, Jamaica, Vietnam
• Languages at home: 36% English-only · Spanish 54% Other Indo-European 3% French/Haitian/Cajun 2%

Political lean MEDSL · Orange

• 2024 margin: D (+13.6) · D 56.1% · R 42.5% · Other 1.3%
• 2008→2024 swing: -5.0pp toward R · 2008: 18.6pp · 2024: 13.6pp
• All cycles: 2024: D+13.6 2020: D+23.1 2016: D+24.6 2012: D+18.2 2008: D+18.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -165.20%
• Current HPI: 280.977
• Rent YoY: ▼ -0.21%
• 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

+87.6% since first listed

5 events — show timeline

• 2026-05-13 Listed $299,990 Stellar MLS as Distributed by MLS Grid
• 2022-12-05 Sold (Public Records) $115,000 Public Records
• 2011-08-26 Sold (MLS) $23,000 Stellar MLS as Distributed by MLS Grid
• 2011-02-04 Listed $24,900 Stellar MLS as Distributed by MLS Grid
• 2007-06-19 Listed $159,900 Stellar MLS as Distributed by MLS Grid

Property tax history

+10.6%/yr

Latest (2025): $2,652 · +16.5% YoY. Source: county tax records.