2130 SE 24th Blvd · Taylor Creek, FL 34974

$164,000

3 bd · 2.0 ba · 896 sqft · Manufactured public records · 33 Days on market

Built 1978 0.25 ac lot Est $196k · 16% under

---

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 +20.6/30.0
• ARV discount +14.9/15.0
• DSCR +6.5/10.0
• 1% rule +5.0/10.0
• 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

Welcome to this charming three-bedroom, two-bathroom single-story residence nestled in the Taylor Creek Isles community of Okeechobee, Florida. This well-proportioned home offers 1335 square feet of finished living space, providing comfortable and efficient quarters for everyday living. The straightforward layout and manageable size make this property an accessible option for those seeking a practical residence. Located in the established Taylor Creek Isles subdivision, this single-family home presents a solid opportunity for buyers looking to establish themselves in the Okeechobee area.

Key facts

• Two separate sheds
• Large lot
• Add on front room

Tags

• ADD ON FRONT ROOM
• LARGE LOT
• LONG CONCRETE DRIVEWAY
• SPACE FOR BOATS
• TWO SEPARATE SHEDS
• TWO SEPARATE BACK PATIOS

Property features AI

Finance

• Other: Pets allowed (cats and dogs permitted, no restrictions)
• Financial info: No land lease

Exterior

• Parking: Four open parking spaces; Parking area surfaced with concrete and paver block; RV access/parking
• Utilities: Public water; Public sewer; Water connected; Electricity available; Cable available; Sewer available
• Home design: Single family residence; One story; North-facing
• Construction: Vinyl siding; Aluminum roof; 1,731 total building area (appraiser source); Built as resale property
• Exterior features: Covered and screened patio; Screened porch; Additional uncovered patio; Room for pool; Asphalt road frontage; Publicly maintained road

Interior

• Kitchen: Electric range; Microwave; Dishwasher; Garbage disposal; Refrigerator; Freezer; Electric water heater
• Bedrooms: Three bedrooms on the main level
• Flooring: Carpet; Laminate
• Bathrooms: Two full bathrooms on the main level
• Heating & cooling: Central heating; Central air; Ceiling fan(s)
• Interior features: Split bedroom layout; Partially furnished
• Laundry & utility: Indoor laundry

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $164k.

Deal economics

• At list price, monthly cash flow is $219 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $164k).
• Recommended offer: $159k (3.0% below list) — sets the bar for market timing.
• Cap rate 7.9% 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 37% 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 $1k of loan paydown is wiped out by about $5k 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 33 days — a 3% lower offer ($159k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $159,080 (3.0% below list)

Questions for the listing agent

1. It's been on market 33 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1978 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 1.00% ✓
• Cap rate: 7.89%
• Cash-on-cash: 5.71%
• DSCR: 1.25
• GRM: 8.3

CMA / ARV

• ARV (on-the-fly): $196,224
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2305 SE 31st St	0.41mi	2/2.0 (-1)	912 (+2%)	1mo	$200,000	$219	72
2126 SE 35th Ln	0.70mi	2/2.0 (-1)	896 (0%)	4mo	$193,000	$215	59
1911 SE 33rd St	0.55mi	2/2.0 (-1)	846 (-6%)	8mo	$185,000	$219	54
2911 SE 18th Ct	0.63mi	2/2.0 (-1)	864 (-4%)	13mo	$214,000	$248	48
3247 SE 27th St	0.71mi	2/1.0 (-1)	789 (-12%)	6mo	$65,000	$82	32
3202 SE 24th St	0.64mi	3/2.0	1,030 (+15%)	18mo	$105,000	$102	30

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: -7.5%
• Equity multiple: 0.72×
• Total profit: $-12,664
• Equity at exit: $24,453

10-year hold

• IRR: 2.1%
• Equity multiple: 1.15×
• Total profit: $6,860
• Equity at exit: $14,180

Cash invested: $45,920 (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: 8.3×

Monthly cashflow live

• Estimated rent: $1,642 medium
• Mortgage (P&I): −$860
• Tax from tax record: −$150 /mo · $1,802/yr
• Insurance: −$68
• HOA: −$0
• Vacancy / Maint / Mgmt: −$345
• Net cashflow: $219

Break-even live

Break-even rent $1,365

Max offer price $164,000

Occupancy floor 82%

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: $41,000
• Closing costs: $4,920
• Reserves months: —
• Total cash needed: —

Listing history 28 events

1. 2026-06-19
   days on market $164,000 Active 33 DOM
2. 2026-06-18
   days on market $164,000 Active 32 DOM
3. 2026-06-17
   days on market $164,000 Active 31 DOM
4. 2026-06-16
   days on market $164,000 Active 30 DOM
5. 2026-06-15
   days on market $164,000 Active 29 DOM
6. 2026-06-14
   days on market $164,000 Active 27 DOM
7. 2026-06-10
   days on market $164,000 Active 24 DOM
8. 2026-06-09
   days on market $164,000 Active 23 DOM
9. 2026-06-08
   days on market $164,000 Active 22 DOM
10. 2026-06-07
    days on market $164,000 Active 21 DOM
11. 2026-06-05
    days on market $164,000 Active 18 DOM
12. 2026-06-03
    days on market $164,000 Active 17 DOM
13. 2026-06-03
    remarks 594-char remark
14. 2026-06-02
    days on market $164,000 Active 16 DOM
15. 2026-06-01
    days on market $164,000 Active 15 DOM
16. 2026-06-01
    remarks 554-char remark
17. 2026-05-31
    days on market $164,000 Active 14 DOM
18. 2026-05-30
    days on market $164,000 Active 13 DOM
19. 2026-05-21
    status Pending
20. 2026-05-12
    listed $164,000 Active
21. 2025-09-04
    soldstatus $144,000
22. 2025-03-26
    soldstatus $130,000
23. 2021-03-23
    soldstatus $65,000
24. 2017-06-05
    soldstatus $65,000
25. 2005-03-10
    soldstatus $54,000
26. 1997-12-22
    soldstatus $40,000
27. 1995-05-01
    soldstatus $25,000
28. 1991-02-01
    soldstatus $31,000

ⓘ 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: $1,802 · $150/mo
• Projected year-2 tax: $1,802 · $150/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 (shaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥108°F today · 25 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: $19,703
• − Mortgage interest: −$9,187
• − Property taxes: −$1,802
• − Insurance: −$820
• − Repairs & maintenance: −$1,576
• − Management: −$1,576
• − Depreciation: −$4,771
• Taxable loss: −$29
• Est. tax savings @ 24.0%: +$7
• After-tax cash flow: $2,630/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

+429.0% since first listed

10 events — show timeline

• 2026-05-21 Pending — Beaches MLS
• 2026-05-12 Listed $164,000 Beaches MLS
• 2025-09-04 Sold (Public Records) $144,000 Public Records
• 2025-03-26 Sold (Public Records) $130,000 Public Records
• 2021-03-23 Sold (Public Records) $65,000 Public Records
• 2017-06-05 Sold (Public Records) $65,000 Public Records
• 2005-03-10 Sold (Public Records) $54,000 Public Records
• 1997-12-22 Sold (Public Records) $40,000 Public Records
• 1995-05-01 Sold (Public Records) $25,000 Public Records
• 1991-02-01 Sold (Public Records) $31,000 Public Records

Property tax history

+15.1%/yr

Latest (2025): $1,802 · +7.4% YoY. Source: county tax records.