18703 14th Ave · Bithlo, FL 32833

$155,000

2 bd · 2.0 ba · 924 sqft · Manufactured public records · 122 Days on market

Built 1984 10,156 sqft lot

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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 +28.4/30.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• 1% rule +7.1/10.0
• Schools +4.1/10.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Investor Special with Income Potential or Flexible Primary Living! Great opportunity to own a mobile home with multiple possibilities. The property is currently configured as two separate 1 bedroom, 1 bathroom living spaces, offering flexibility for rental income, multi-generational living, or personal use. One side is currently tenant occupied, providing immediate income potential for investors. The home can also be converted back to its original layout if a larger single residence is preferred. Whether you’re looking to live in one side and rent the other, expand your investment portfolio, or renovate to suit your needs, this property offers strong potential and versatility. Conven

Key facts

• Easy access
• Tenant occupied
• Convenient location

Tags

• TWO SEPARATE LIVING SPACES
• TENANT OCCUPIED
• IMMEDIATE INCOME POTENTIAL
• CONVENIENT LOCATION
• EASY ACCESS

Property features AI

Finance

• Other: Property is homesteaded
• Financial info: No additional financial details provided
• HOA & community: No HOA/association

Exterior

• Parking: No parking details provided
• Security: No security features listed
• Utilities: Public water; Septic tank sewer; Public utilities
• Home design: Manufactured double-wide home; One story; Faces south
• Construction: Other construction materials; Metal roof; Other foundation
• Exterior features: Other exterior features

Interior

• Kitchen: Dishwasher; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: No additional interior features listed
• Laundry & utility: Dedicated laundry room

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $155k.

Deal economics

• At list price, monthly cash flow is $375 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $155k).
• Recommended offer: $136k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.2% vs local median 2.5% in Bithlo — 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 60/100 on livability (#808 in FL) — a middle-class / working-renter tenant base. Strengths: housing A+, crime A, employment A-; Watch: schools F, amenities F, commute F.
• 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: 194 active listings in the ZIP; 1 comparable units currently listed for rent nearby; solid renter incomes; 8,053 units permitted in Orange County in 2024 (3,133 in 5+ unit buildings).

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.
• 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 122 days — a 12% lower offer ($136k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 4y 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 $36k; list at $155k implies a 331% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $125/mo.
• Climate carrying-cost: in FEMA flood zone A (mandatory federal flood insurance); 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 $136,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 122 days. Have you received any prior offers? Is the seller open to a 12% 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 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?
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: 1.21% ✓
• Cap rate: 10.17%
• Cash-on-cash: 13.83%
• DSCR: 1.62
• GRM: 6.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -0.7%
• Equity multiple: 0.97×
• Total profit: $-1,170
• Equity at exit: $23,111

10-year hold

• IRR: 9.0%
• Equity multiple: 1.69×
• Total profit: $29,964
• Equity at exit: $13,402

Cash invested: $43,400 (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 32833

• Home prices YoY: -12.9%
• Active inventory: 194
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $1,882 medium
• Mortgage (P&I): −$813
• Tax from tax record: −$109 /mo · $1,310/yr
• Insurance: −$65
• Flood insurance flood zone: −$125 /mo · $1,502/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$395
• Net cashflow: $375

Break-even live

Break-even rent $1,407

Max offer price $155,000

Occupancy floor 75%

Sensitivity live

Price	-10% $463	-5% $419	+0% $375	+5% $331	+10% $287
Rent	-10% $226	-5% $301	+0% $375	+5% $449	+10% $524
Rate	-1.0pp $453	-0.5pp $415	base $375	+0.5pp $335	+1.0pp $294

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: $38,750
• Closing costs: $4,650
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
17778 Caudel Rd Orlando, FL	3.0	2.0	1104	$1,750	$1.59	25d	1	0.98mi

Listing history 20 events

1. 2026-06-21
   days on market $155,000 Active 122 DOM
2. 2026-06-18
   days on market $155,000 Active 119 DOM
3. 2026-06-17
   days on market $155,000 Active 118 DOM
4. 2026-06-16
   days on market $155,000 Active 117 DOM
5. 2026-06-15
   days on market $155,000 Active 116 DOM
6. 2026-06-13
   days on market $155,000 Active 114 DOM
7. 2026-06-13
   days on market $155,000 Active 113 DOM
8. 2026-06-09
   days on market $155,000 Active 110 DOM
9. 2026-06-08
   days on market $155,000 Active 109 DOM
10. 2026-06-07
    days on market $155,000 Active 108 DOM
11. 2026-06-04
    days on market $155,000 Active 105 DOM
12. 2026-06-03
    days on market $155,000 Active 104 DOM
13. 2026-06-02
    days on market $155,000 Active 103 DOM
14. 2026-06-02
    days on market $155,000 Active 102 DOM
15. 2026-05-31
    days on market $155,000 Active 101 DOM
16. 2026-02-19
    listed $155,000 Active
17. 2023-02-25
    historical
18. 2023-01-05
    price $164,000
19. 2022-12-19
    listed $169,000 Active
20. 1989-09-01
    soldstatus $36,000

ⓘ 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: $1,310 · $109/mo
• Projected year-2 tax: $1,310 · $109/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 A · 20% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥107°F today · 21 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,587
• − Mortgage interest: −$8,682
• − Property taxes: −$1,310
• − Insurance: −$2,278
• − Repairs & maintenance: −$1,807
• − Management: −$1,807
• − Depreciation: −$4,509
• Taxable income: $2,194
• Est. tax owed @ 24.0%: −$526
• After-tax cash flow: $3,975/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 — Bithlo

• Score: 60/100
• State rank: #808
• US rank: #19212

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bithlo, FL
• County: Orange County · 1,471,359 people
• Metro: Orlando-Kissimmee-Sanford, FL
• Population (ZIP): 11,389
• Household income: $98,733
• Rent vs Own: 19.3% rent · 80.7% own
• Severe rent burden: 206.0

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 0.65)
• Race & ethnicity: White 51% Hispanic / Latino 26% Black 11% Two or more races 10% Asian 6%
• Hispanic origin (detail): Mexican 2% Puerto Rican 16% Cuban 4%
• Common ancestry: Italian 2% Hispanic 2% Lithuanian 2%
• Foreign-born: 15% · Canada, Vietnam, Jamaica
• Languages at home: 75% English-only · Spanish 20% Vietnamese 2% Tagalog/Filipino 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: ▼ -47.65%
• Current HPI: 321.412
• Rent YoY: —
• 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

+330.6% since first listed

5 events — show timeline

• 2026-02-19 Listed $155,000 Stellar MLS as Distributed by MLS Grid
• 2023-02-25 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2023-01-05 Price Changed $164,000 Stellar MLS as Distributed by MLS Grid
• 2022-12-19 Listed $169,000 Stellar MLS as Distributed by MLS Grid
• 1989-09-01 Sold (Public Records) $36,000 Public Records

Property tax history

+14.1%/yr

Latest (2025): $1,310 · +29.6% YoY. Source: county tax records.