1569 NW 109th Ave · Ocala Estates, FL 34482

$199,999

2 bd · 2.0 ba · 1,350 sqft · Manufactured public records · 47 Days on market

Built 2000 1.00 ac lot $148/sqft · 29% below area Est $283k · 29% 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).

• ARV discount +15.0/15.0
• Cash flow +14.6/30.0
• Rent growth +5.0/5.0
• DSCR +4.5/10.0
• 1% rule +3.7/10.0
• Schools +3.6/10.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Discover easy country living in the desirable Fellowship Acres community in Ocala's stunning horse country. This well-maintained mobile home is set on 1-acre and has been lovingly cared for by its original owner. Newer updates include a new AC (2017) and new metal roof (2017). Ideally located just 6 miles from the World Equestrian Center (WEC), this property is perfect for equestrian enthusiasts or anyone seeking a peaceful, horse-friendly setting with convenient access to world-class facilities. Providing a total of 2-bedrooms and 2-baths, the home features an open floor plan, vaulted ceilings, and lots of space with over 1,300 sqft of room. Enjoy your morning coffee or the evening breeze

Key facts

• 1 acre lot
• Parking
• Built 2000

Property features AI

Finance

• Other: Lot is approximately 1 acre (zoned for horses); Lot dimensions about 169 x 260; 1 well and 1 septic on the property; Zoning: RR1
• HOA & community: No association; Horses allowed

Exterior

• Parking: Has a 1-space carport
• Utilities: Well water; Septic tank; Cable available; Electricity available; Phone available; Water connected
• Home design: Manufactured double-wide home; Single-story; Faces west; Property is residential and completed
• Construction: Vinyl siding; Metal roof; Concrete perimeter foundation; Built by Kinder Mobile Home Sales - Homes of Merit; One building (building area total recorded)
• Exterior features: Covered front porch; Screened porch; Porch; Storage shed; Chain link and wire fencing; Paved road frontage; Publicly maintained road

Interior

• Kitchen: Built-in oven; Cooktop; Microwave; Range hood; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Laminate flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air
• Interior features: Ceiling fans; Open floorplan
• Laundry & utility: Washer included; Laundry located in kitchen; Inside laundry; Laundry closet

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $200k.

Deal economics

• At list price, monthly cash flow is $49 ($591/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 $175k (12.5% below list).
• Recommended offer: $175k (12.5% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads: area grade C — affects rentability + tenant quality, not the cash-flow math above.
• 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: Rents rising fast (+11.1%/yr); 670 active listings in the ZIP; 3 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).
• This rent runs 32% of the median local income ($66k/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 $6k 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.

Negotiation context

• It's been on market 47 days — a 3% lower offer ($194k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $174,966 (12.5% below list)

Questions for the listing agent

1. It's been on market 47 days. Have you received any prior offers? Is the seller open to a 13% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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.
4. 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.
5. 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: 0.87% ✗
• Cap rate: 6.59%
• Cash-on-cash: 1.06%
• DSCR: 1.05
• GRM: 9.5

CMA / ARV

• ARV (median comp): $282,579
• List price: $199,999
• Delta: -29.22%
• Verdict: UNDERPRICED
• Comps: 1 within 2.0 mi

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -9.3%
• Equity multiple: 0.64×
• Total profit: $-20,030
• Equity at exit: $29,821

10-year hold

• IRR: 5.7%
• Equity multiple: 1.51×
• Total profit: $28,666
• Equity at exit: $17,292

Cash invested: $56,000 (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 34482

• Rents YoY: 11.1%
• Active inventory: 670
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $1,750 medium
• Mortgage (P&I): −$1,049
• Tax from tax record: −$201 /mo · $2,410/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$367
• Net cashflow: $49

Break-even live

Break-even rent $1,687

Max offer price $199,999

Occupancy floor 92%

Sensitivity live

Price	-10% $162	-5% $106	+0% $49	+5% $-7	+10% $-64
Rent	-10% $-89	-5% $-20	+0% $49	+5% $118	+10% $187
Rate	-1.0pp $150	-0.5pp $100	base $49	+0.5pp $-3	+1.0pp $-55

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: $50,000
• Closing costs: $6,000
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
11392 NW 16th Pl Ocala, FL	3.0	2.0	1264	$1,395	$1.10	14d	1	0.55mi
1951 NW 119th Ct Ocala, FL	3.0	2.0	1551	$1,850	$1.19	22d	1	1.11mi
1726 NW 119th Ct Ocala, FL	3.0	2.0	1782	$1,800	$1.01	14d	1	1.11mi

Listing history 17 events

1. 2026-06-21
   days on market $199,999 Active 47 DOM
2. 2026-06-18
   days on market $199,999 Active 44 DOM
3. 2026-06-17
   days on market $199,999 Active 43 DOM
4. 2026-06-16
   days on market $199,999 Active 42 DOM
5. 2026-06-15
   days on market $199,999 Active 41 DOM
6. 2026-06-14
   days on market $199,999 Active 39 DOM
7. 2026-06-13
   days on market $199,999 Active 38 DOM
8. 2026-06-10
   days on market $199,999 Active 36 DOM
9. 2026-06-09
   days on market $199,999 Active 35 DOM
10. 2026-06-08
    days on market $199,999 Active 34 DOM
11. 2026-06-07
    days on market $199,999 Active 33 DOM
12. 2026-06-03
    days on market $199,999 Active 29 DOM
13. 2026-06-02
    days on market $199,999 Active 28 DOM
14. 2026-06-01
    days on market $199,999 Active 27 DOM
15. 2026-05-31
    days on market $199,999 Active 26 DOM
16. 2026-05-30
    days on market $199,999 Active 25 DOM
17. 2026-05-05
    listed $199,999 Active 1242-char remark

ⓘ 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: $2,410 · $201/mo
• Projected year-2 tax: $2,410 · $201/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 3/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 9/10 Extreme 7 d/yr ≥107°F today · 24 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 · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,996
• − Mortgage interest: −$11,203
• − Property taxes: −$2,410
• − Insurance: −$1,000
• − Repairs & maintenance: −$1,680
• − Management: −$1,680
• − Depreciation: −$5,818
• Taxable loss: −$2,795
• Est. tax savings @ 24.0%: +$671
• After-tax cash flow: $1,262/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 — Ocala Estates

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

Census & demographics

• County: Marion County · 315,796 people
• City population: 263,375
• Metro: Ocala, FL
• Population (ZIP): 22,807
• Household income: $65,901
• Rent vs Own: 16.7% rent · 83.3% own
• Severe rent burden: 282.0

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: Majority White (63%)
• Race & ethnicity: White 63% Hispanic / Latino 19% Black 14% Two or more races 12%
• Hispanic origin (detail): Mexican 6% Puerto Rican 9% Cuban 2%
• Common ancestry: Lithuanian 2% Romanian 2% Slovak 2%
• Foreign-born: 10% · Canada
• Languages at home: 81% English-only · Spanish 16% Other Indo-European 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: ▼ -133.62%
• Current HPI: 194.3857
• Rent YoY: ▲ 11.12%
• 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

1 event — show timeline

• 2026-05-05 Listed $199,999 Stellar MLS as Distributed by MLS Grid

Property tax history

+13.5%/yr

Latest (2025): $2,410 · +14.6% YoY. Source: county tax records.