13755 SW 15th Pl · Rainbow Park, FL 34481

$189,990

3 bd · 2.0 ba · 1,099 sqft · Manufactured public records · 38 Days on market

Built 1985 0.92 ac 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 +20.2/30.0
• ARV discount +7.5/15.0
• DSCR +6.4/10.0
• 1% rule +4.1/10.0
• Schools +3.6/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Under contract-accepting backup offers. Major Highlight! Recently Under Contract at $210,00, buyers financing fell thru at not fault of seller! Welcome to Ocala, Florida – The Horse Capital of the World! Ideally located just a short drive from the renowned World Equestrian Center, this property offers both convenience and country-style freedom. This move-in ready 3-bedroom, 2-bath double-wide manufactured home sits on nearly one acre of land with NO HOA and NO LOT RENT—giving you the flexibility to truly enjoy and use your property the way you want. Recent upgrades include a newer roof, NEW mini-split systems (2025), NEW laminate flooring, and NEW bathroom vanities. The kitchen

Key facts

• Newer roof
• No lot rent
• No hoa

Tags

• NO HOA
• NO LOT RENT
• NEWER ROOF
• NEW MINI-SPLIT SYSTEMS
• NEW LAMINATE FLOORING
• NEW BATHROOM VANITIES

Property features AI

Finance

• Other: Lot size approximately 0.92 acres (150 x 135); Total acreage: 1/2 to less than 1
• Financial info: No lease restrictions; Unfurnished
• HOA & community: No HOA / association

Exterior

• Parking: No specific parking details provided
• Utilities: Well water; Septic tank; Electricity connected; Water connected
• Home design: Residential manufactured home (double wide); One story; Faces south; Entry level: One
• Construction: Other construction materials; Shingle roof; Crawlspace foundation; Building area ~1,323 sq ft
• Exterior features: Other exterior features; Dirt and gravel road access

Interior

• Kitchen: Microwave; Range; Refrigerator; Electric water heater
• Bedrooms: 3 bedrooms
• Flooring: Laminate flooring; Vinyl flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating; Heat pump; Mini-split cooling units
• Interior features: Ceiling fans; Walk-in closet(s); Window treatments; Other interior features
• Laundry & utility: Washer; Dryer; Laundry inside

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $190k.

Deal economics

• At list price, monthly cash flow is $239 ($3k/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 $172k (9.5% below list).
• Recommended offer: $172k (9.5% below list) — sets the bar for 1% rule.
• Cap rate 7.8% vs local median 5.5% in Rainbow Park — 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: area grade D — 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: 1158 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 23d 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 36% of the median local income ($57k/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 38 days — a 3% lower offer ($184k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $20k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $3k; list at $190k implies a 6233% 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; moderate wildfire risk; extreme-heat days projected 6→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $171,946 (9.5% below list)

Questions for the listing agent

1. It's been on market 38 days. Have you received any prior offers? Is the seller open to a 9% 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. 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?
4. 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.
5. 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.
6. 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: 0.91% ✗
• Cap rate: 7.80%
• Cash-on-cash: 5.38%
• DSCR: 1.24
• GRM: 9.2

CMA / ARV

• ARV (on-the-fly): $584,668
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1320 SW 140th Ave	0.49mi	3/2.0	1,128 (+3%)	14mo	$600,000	$532	61

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: -8.0%
• Equity multiple: 0.71×
• Total profit: $-15,685
• Equity at exit: $28,328

10-year hold

• IRR: 1.5%
• Equity multiple: 1.10×
• Total profit: $5,531
• Equity at exit: $16,427

Cash invested: $53,197 (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 34481

• Home prices YoY: -25.2%
• Active inventory: 1158
• Price-to-rent: 9.2×

Monthly cashflow live

• Estimated rent: $1,719 medium
• Mortgage (P&I): −$996
• Tax from tax record: −$44 /mo · $532/yr
• Insurance: −$79
• HOA: −$0
• Vacancy / Maint / Mgmt: −$361
• Net cashflow: $239

Break-even live

Break-even rent $1,417

Max offer price $189,990

Occupancy floor 81%

Sensitivity live

Price	-10% $346	-5% $292	+0% $239	+5% $185	+10% $131
Rent	-10% $103	-5% $171	+0% $239	+5% $306	+10% $374
Rate	-1.0pp $334	-0.5pp $287	base $239	+0.5pp $189	+1.0pp $139

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: $47,498
• Closing costs: $5,700
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
14070 SW 17th Pl Ocala, FL	3.0	2.0	1388	$1,500	$1.08	22d	1	0.38mi
14445 SW 22nd Pl Ocala, FL	3.0	2.0	1000	$1,400	$1.40	22d	1	0.83mi
14665 SW 22nd Pl Ocala, FL	3.0	2.0	1226	$1,900	$1.55	15d	1	1.02mi

Listing history 24 events

1. 2026-06-18
   status $189,990 Pending 38 DOM
2. 2026-06-17
   days on market $189,990 Active 38 DOM
3. 2026-06-16
   days on market $189,990 Active 37 DOM
4. 2026-06-15
   days on market $189,990 Active 36 DOM
5. 2026-06-14
   days on market $189,990 Active 34 DOM
6. 2026-06-13
   remarks 687-char remark
7. 2026-06-13
   pricedays on market $189,990 Active 33 DOM
8. 2026-06-10
   days on market $194,997 Active 31 DOM
9. 2026-06-09
   days on market $194,997 Active 30 DOM
10. 2026-06-08
    days on market $194,997 Active 29 DOM
11. 2026-06-07
    days on market $194,997 Active 28 DOM
12. 2026-06-03
    days on market $194,997 Active 24 DOM
13. 2026-06-02
    days on market $194,997 Active 23 DOM
14. 2026-06-01
    days on market $194,997 Active 22 DOM
15. 2026-05-31
    days on market $194,997 Active 21 DOM
16. 2026-05-30
    days on market $194,997 Active 20 DOM
17. 2026-05-21
    price $199,997
18. 2026-05-21
    status Active
19. 2026-05-12
    status Pending
20. 2026-05-09
    price $199,947
21. 2026-04-30
    listed $209,947 Active
22. 2025-01-17
    historical
23. 2025-01-13
    listed $79,990 Active
24. 1999-09-09
    soldstatus $3,000

ⓘ 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: $532 · $44/mo
• Projected year-2 tax: $1,577 · $131/mo
• Expected delta: +$1,045/yr (+$87/mo · 196.5%)

ⓘ 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 5/10 Major
• 🌡 Heat 8/10 Severe 6 d/yr ≥107°F today · 17 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: $20,634
• − Mortgage interest: −$10,642
• − Property taxes: −$532
• − Insurance: −$950
• − Repairs & maintenance: −$1,651
• − Management: −$1,651
• − Depreciation: −$5,527
• Taxable loss: −$319
• Est. tax savings @ 24.0%: +$77
• After-tax cash flow: $2,939/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 — Rainbow Park

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

Census & demographics

• Census place: Rainbow Park, FL
• County: Marion County · 315,796 people
• Metro: Ocala, FL
• Population (ZIP): 26,782
• Household income: $57,324
• Rent vs Own: 9.8% rent · 90.2% own
• Severe rent burden: 313.0

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 (80%)
• Race & ethnicity: White 80% Hispanic / Latino 11% Black 7% Two or more races 5%
• Hispanic origin (detail): Mexican 4% Puerto Rican 4% Cuban 1%
• Common ancestry: Romanian 7% Lithuanian 3% Slovak 2%
• Foreign-born: 8% · Canada, Jamaica
• Languages at home: 88% English-only · Spanish 9% French/Haitian/Cajun 1% German/W. Germanic 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: ▼ -67.48%
• Current HPI: 199.986
• 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

+6566.6% since first listed

8 events — show timeline

• 2026-05-21 Price Changed $199,997 Stellar MLS as Distributed by MLS Grid
• 2026-05-21 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-05-12 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-05-09 Price Changed $199,947 Stellar MLS as Distributed by MLS Grid
• 2026-04-30 Listed $209,947 Stellar MLS as Distributed by MLS Grid
• 2025-01-17 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-01-13 Listed $79,990 Stellar MLS as Distributed by MLS Grid
• 1999-09-09 Sold (Public Records) $3,000 Public Records

Property tax history

+6.5%/yr

Latest (2025): $532 · +72.4% YoY. Source: county tax records.