14645 SE 47th Ave · Belleview, FL 34491

$125,000

2 bd · 1.5 ba · 960 sqft · Manufactured public records · 89 Days on market

Built 1985 9,583 sqft lot $130/sqft · 19% below area Est $154k · 19% 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 +29.7/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.0/10.0
• Schools +3.6/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Affordable Florida living with no HOA and no flood insurance required. This well-maintained three-bedroom, two-bath home offers an excellent opportunity for buyers where you own your land. Cash only, the property is very clean, partially furnished, and ready for its next owner. Inside, the home features an open kitchen layout with plenty of cabinet space and a convenient breakfast bar, perfect for casual meals. A separate dining area sits just off the kitchen, creating a comfortable flow for everyday living. One of the standout features of the home is the Large Florida Room that spans the entire back of the house, providing a bright and versatile space that can be used for relaxing, entertaining, or additional living space year-round. Additional features include a covered carport for parking, ramp access along the side of the home for easy entry, and a laundry area located at the rear of the house next to the kitchen. The home has been well cared for and presents a great opportunity for buyers looking for a primary residence, seasonal retreat, or investment property. Summerfield offers a convenient Central Florida location just minutes from The Villages, where you will find extensive shopping, dining, golf courses, and daily entertainment. The area also provides easy access to Lake Weir for boating and fishing, as well as nearby parks and outdoor recreation. With Ocala and Interstate 75 a short drive away, residents have convenient access to medical facilities, restaurants, and additional shopping while still enjoying the quiet feel of a residential community. This property offers a combination of value, location, and potential for buyers looking to enjoy the Florida lifestyle.

Key facts

• No flood insurance
• Own your land
• Open kitchen layout

Tags

• NO HOA
• NO FLOOD INSURANCE
• OWN YOUR LAND
• OPEN KITCHEN LAYOUT
• BREAKFAST BAR
• SEPARATE DINING AREA

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath manufactured listed at $125k.

Deal economics

• At list price, monthly cash flow is $388 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $125k).
• Recommended offer: $118k (6.0% below list) — sets the bar for market timing.
• Cap rate 10.7% vs local median 4.5% in Belleview — 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 (#458 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools D, crime F, amenities F.
• Marion (rural): math 42% / reading 43% proficiency, ranked #61 of 73 in FL (top 84%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 61% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 705 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); 7,071 units permitted in Marion County in 2024 (534 in 5+ unit buildings).

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.
• Marion County population projected at +13% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $35k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 89 days — a 6% lower offer ($118k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $7k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $25k; list at $125k implies a 400% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: major flood risk; 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 $117,500 (6.0% below list)

Questions for the listing agent

1. It's been on market 89 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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 D-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. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. 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.
8. 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.
9. 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: 1.30% ✓
• Cap rate: 10.66%
• Cash-on-cash: 15.59%
• DSCR: 1.69
• GRM: 6.4

CMA / ARV

• ARV (median comp): $153,929
• List price: $125,000
• Delta: -18.79%
• Verdict: UNDERPRICED
• Comps: 2 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5096 SE 146th Ln	0.35mi	2/2.0	920 (-4%)	4mo	$149,000	$162	71

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: 3.4%
• Equity multiple: 1.13×
• Total profit: $4,523
• Equity at exit: $18,638

10-year hold

• IRR: 12.9%
• Equity multiple: 2.03×
• Total profit: $35,971
• 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 34491

• Home prices YoY: -35.0%
• Active inventory: 705
• Price-to-rent: 6.4×

Monthly cashflow live

• Estimated rent: $1,628 high
• Mortgage (P&I): −$656
• Tax from tax record: −$124 /mo · $1,484/yr
• Insurance: −$52
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$342
• Net cashflow: $388

Break-even live

Break-even rent $1,136

Max offer price $125,000

Occupancy floor 71%

Sensitivity live

Price	-10% $459	-5% $424	+0% $388	+5% $353	+10% $318
Rent	-10% $260	-5% $324	+0% $388	+5% $453	+10% $517
Rate	-1.0pp $451	-0.5pp $420	base $388	+0.5pp $356	+1.0pp $323

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 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3934 SE 142nd St Summerfield, FL	3.0	2.0	1000	$1,499	$1.50	14d	1	0.83mi
14025 SE 54th Ct Summerfield, FL	2.0	1.5	1008	$1,500	$1.49	14d	1	0.91mi
3780 SE 141st Ln Summerfield, FL	3.0	2.0	1066	$1,595	$1.50	21d	1	1.00mi
3780 SE 141st Ln Summerfield, FL	3.0	2.0	1066	$1,525	$1.43	14d	1	1.00mi
13678 SE 55th Ave Summerfield, FL	3.0	2.0	960	$1,499	$1.56	21d	1	1.20mi

Listing history 22 events

1. 2026-06-18
   days on market $125,000 Active 89 DOM
2. 2026-06-17
   days on market $125,000 Active 88 DOM
3. 2026-06-16
   days on market $125,000 Active 87 DOM
4. 2026-06-15
   days on market $125,000 Active 86 DOM
5. 2026-06-14
   days on market $125,000 Active 84 DOM
6. 2026-06-13
   days on market $125,000 Active 83 DOM
7. 2026-06-10
   days on market $125,000 Active 81 DOM
8. 2026-06-09
   days on market $125,000 Active 80 DOM
9. 2026-06-08
   days on market $125,000 Active 79 DOM
10. 2026-06-07
    days on market $125,000 Active 78 DOM
11. 2026-06-03
    days on market $125,000 Active 74 DOM
12. 2026-06-02
    days on market $125,000 Active 73 DOM
13. 2026-06-01
    days on market $125,000 Active 72 DOM
14. 2026-05-31
    days on market $125,000 Active 71 DOM
15. 2026-05-30
    days on market $125,000 Active 70 DOM
16. 2026-05-05
    status Active 1706-char remark

    Show marketing remark (1706 chars)

    Affordable Florida living with no HOA and no flood insurance required. This well-maintained three-bedroom, two-bath home offers an excellent opportunity for buyers where you own your land. Cash only, the property is very clean, partially furnished, and ready for its next owner. Inside, the home features an open kitchen layout with plenty of cabinet space and a convenient breakfast bar, perfect for casual meals. A separate dining area sits just off the kitchen, creating a comfortable flow for everyday living. One of the standout features of the home is the Large Florida Room that spans the entire back of the house, providing a bright and versatile space that can be used for relaxing, entertaining, or additional living space year-round. Additional features include a covered carport for parking, ramp access along the side of the home for easy entry, and a laundry area located at the rear of the house next to the kitchen. The home has been well cared for and presents a great opportunity for buyers looking for a primary residence, seasonal retreat, or investment property. Summerfield offers a convenient Central Florida location just minutes from The Villages, where you will find extensive shopping, dining, golf courses, and daily entertainment. The area also provides easy access to Lake Weir for boating and fishing, as well as nearby parks and outdoor recreation. With Ocala and Interstate 75 a short drive away, residents have convenient access to medical facilities, restaurants, and additional shopping while still enjoying the quiet feel of a residential community. This property offers a combination of value, location, and potential for buyers looking to enjoy the Florida lifestyle.

17. 2026-04-18
    status Pending 1706-char remark

    Show marketing remark (1706 chars)

    Affordable Florida living with no HOA and no flood insurance required. This well-maintained three-bedroom, two-bath home offers an excellent opportunity for buyers where you own your land. Cash only, the property is very clean, partially furnished, and ready for its next owner. Inside, the home features an open kitchen layout with plenty of cabinet space and a convenient breakfast bar, perfect for casual meals. A separate dining area sits just off the kitchen, creating a comfortable flow for everyday living. One of the standout features of the home is the Large Florida Room that spans the entire back of the house, providing a bright and versatile space that can be used for relaxing, entertaining, or additional living space year-round. Additional features include a covered carport for parking, ramp access along the side of the home for easy entry, and a laundry area located at the rear of the house next to the kitchen. The home has been well cared for and presents a great opportunity for buyers looking for a primary residence, seasonal retreat, or investment property. Summerfield offers a convenient Central Florida location just minutes from The Villages, where you will find extensive shopping, dining, golf courses, and daily entertainment. The area also provides easy access to Lake Weir for boating and fishing, as well as nearby parks and outdoor recreation. With Ocala and Interstate 75 a short drive away, residents have convenient access to medical facilities, restaurants, and additional shopping while still enjoying the quiet feel of a residential community. This property offers a combination of value, location, and potential for buyers looking to enjoy the Florida lifestyle.

18. 2026-04-08
    price $125,000 1706-char remark

    Show marketing remark (1706 chars)

    Affordable Florida living with no HOA and no flood insurance required. This well-maintained three-bedroom, two-bath home offers an excellent opportunity for buyers where you own your land. Cash only, the property is very clean, partially furnished, and ready for its next owner. Inside, the home features an open kitchen layout with plenty of cabinet space and a convenient breakfast bar, perfect for casual meals. A separate dining area sits just off the kitchen, creating a comfortable flow for everyday living. One of the standout features of the home is the Large Florida Room that spans the entire back of the house, providing a bright and versatile space that can be used for relaxing, entertaining, or additional living space year-round. Additional features include a covered carport for parking, ramp access along the side of the home for easy entry, and a laundry area located at the rear of the house next to the kitchen. The home has been well cared for and presents a great opportunity for buyers looking for a primary residence, seasonal retreat, or investment property. Summerfield offers a convenient Central Florida location just minutes from The Villages, where you will find extensive shopping, dining, golf courses, and daily entertainment. The area also provides easy access to Lake Weir for boating and fishing, as well as nearby parks and outdoor recreation. With Ocala and Interstate 75 a short drive away, residents have convenient access to medical facilities, restaurants, and additional shopping while still enjoying the quiet feel of a residential community. This property offers a combination of value, location, and potential for buyers looking to enjoy the Florida lifestyle.

19. 2026-03-04
    listed $132,000 Active 1706-char remark

    Show marketing remark (1706 chars)

    Affordable Florida living with no HOA and no flood insurance required. This well-maintained three-bedroom, two-bath home offers an excellent opportunity for buyers where you own your land. Cash only, the property is very clean, partially furnished, and ready for its next owner. Inside, the home features an open kitchen layout with plenty of cabinet space and a convenient breakfast bar, perfect for casual meals. A separate dining area sits just off the kitchen, creating a comfortable flow for everyday living. One of the standout features of the home is the Large Florida Room that spans the entire back of the house, providing a bright and versatile space that can be used for relaxing, entertaining, or additional living space year-round. Additional features include a covered carport for parking, ramp access along the side of the home for easy entry, and a laundry area located at the rear of the house next to the kitchen. The home has been well cared for and presents a great opportunity for buyers looking for a primary residence, seasonal retreat, or investment property. Summerfield offers a convenient Central Florida location just minutes from The Villages, where you will find extensive shopping, dining, golf courses, and daily entertainment. The area also provides easy access to Lake Weir for boating and fishing, as well as nearby parks and outdoor recreation. With Ocala and Interstate 75 a short drive away, residents have convenient access to medical facilities, restaurants, and additional shopping while still enjoying the quiet feel of a residential community. This property offers a combination of value, location, and potential for buyers looking to enjoy the Florida lifestyle.

20. 1994-03-17
    soldstatus $25,000
21. 1992-12-07
    soldstatus $33,500
22. 1992-12-01
    soldstatus $33,500

ⓘ 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: $1,484 · $124/mo
• Projected year-2 tax: $1,484 · $124/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 7/10 Severe FEMA zone X (unshaded) · 77% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 8/10 Severe 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 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,535
• − Mortgage interest: −$7,002
• − Property taxes: −$1,484
• − Insurance: −$1,422
• − Repairs & maintenance: −$1,563
• − Management: −$1,563
• − Depreciation: −$3,636
• Taxable income: $2,865
• Est. tax owed @ 24.0%: −$687
• After-tax cash flow: $3,972/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: Marion
• NCES district ID: 1201260
• Math proficiency: 42% ▼ -7.00%
• Reading proficiency: 43% ▼ -4.00%
• Median HH income: $40,015
• Composite: 35.61/100
• National rank: #4890
• State rank: #61 of 73 in FL

Livability — Belleview

• Score: 69/100
• State rank: #458
• US rank: #8314

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Marion County · 315,796 people
• City population: 19,167
• Metro: Ocala, FL
• Population (ZIP): 33,318
• Household income: $66,679
• Rent vs Own: 13.2% rent · 86.8% own
• Severe rent burden: 256.0

Population outlook (Marion County) Hauer SSP2

• Today (2025): 365,905 people
• By 2030: 376,768 · +3.0%
• By 2040: 396,555 · +8.4%
• By 2050: 412,723 · +12.8%
• By 2075: 446,090 · +21.9%
• By 2100: 436,193 · +19.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (77%)
• Race & ethnicity: White 77% Hispanic / Latino 14% Two or more races 9% Black 4% Asian 2%
• Hispanic origin (detail): Mexican 3% Puerto Rican 6% Cuban 1%
• Common ancestry: Lithuanian 3% Slovak 2% Romanian 2%
• Foreign-born: 8% · Canada, Vietnam, Jamaica
• Languages at home: 85% English-only · Spanish 11% Vietnamese 1% French/Haitian/Cajun 1%

Political lean MEDSL · Marion

• 2024 margin: Solid R (+31.6) · D 33.8% · R 65.5%
• 2008→2024 swing: -20.0pp toward R · 2008: -11.6pp · 2024: -31.6pp
• All cycles: 2024: R+31.6 2020: R+25.9 2016: R+26.2 2012: R+16.2 2008: R+11.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -107.67%
• Current HPI: 200.0792
• Rent YoY: —
• Metro: Ocala, 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

+273.1% since first listed

7 events — show timeline

• 2026-05-05 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-04-18 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-08 Price Changed $125,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-04 Listed $132,000 Stellar MLS as Distributed by MLS Grid
• 1994-03-17 Sold (Public Records) $25,000 Public Records
• 1992-12-07 Sold (Public Records) $33,500 Public Records
• 1992-12-01 Sold (Public Records) $33,500 Public Records

Property tax history

+7.3%/yr

Latest (2025): $1,484 · +28.4% YoY. Source: county tax records.