0400 NE 69th Ln · East Bronson, FL 32621

$113,900

3 bd · 2.0 ba · 828 sqft · Manufactured · 10 Days on market

Built 1974 Poor condition 5.00 ac lot

---

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 +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +9.0/10.0
• ARV discount +7.5/15.0
• Appreciation +6.2/10.0
• Schools +3.6/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +1.0/5.0

Listing remarks

Opportunity knocks in Levy County. This 5-acre parcel on NE 106th Terrace is adjacent to another available 5-acre tract, offering a rare chance to secure side-by-side acreage in the growing Williston/Bronson area. The property includes a 1974 mobile home that will require significant renovation or removal. The value here is in the land and the potential. Whether you're an investor looking for a flip opportunity, a buy-and-hold rental project, or a buyer seeking affordable acreage to improve over time, this property offers flexibility and upside. With paved road access and plenty of space for additional structures, animals, equipment, or future development, this is an ideal setup for: Cash i

Key facts

• Riding trails
• Outdoor recreation
• Paved road access

Tags

• 5 ACRE PARCEL
• PAVED ROAD ACCESS
• OUTDOOR RECREATION
• NEARBY SPRINGS
• RIDING TRAILS
• FISHING

Property features AI

Exterior

• Utilities: Private well water
• Home design: Manufactured home (Residential)
• Construction: Manufactured construction
• Exterior features: 5-acre parcel; Zoned Ag

Interior

• Bathrooms: 2 full bathrooms
• Interior features: Must access from 11591 NE 69 Ln (directions)

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $114k. Condition is rated poor.

Deal economics

• At list price, monthly cash flow is $473 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $114k).
• Cap rate 11.3% vs local median 3.4% in East Bronson — 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 62/100 on livability (#768 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: health & safety D, schools F, amenities F.
• Levy (rural): math 45% / reading 43% proficiency, ranked #54 of 73 in FL (top 74%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 62% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 153 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 199 units permitted in Levy County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $3k of equity ($787 loan paydown + $3k appreciation (2.4% local appreciation)).
• Levy County population projected at -28% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (2.4% appreciation + 3.0% rent growth), your $32k cash investment doubles in ~4 years — after that, you're playing with house money.
• By year 10, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $113,900

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
2. Built in 1974 — 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: 1.40% ✓
• Cap rate: 11.28%
• Cash-on-cash: 17.79%
• DSCR: 1.79
• GRM: 6.0

CMA / ARV

• ARV (on-the-fly): $44,712
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6994 NE 106th Ter	0.35mi	2/1.0 (-1)	784 (-5%)	5mo	$42,500	$54	61

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

2.35% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 22.8%
• Equity multiple: 2.25×
• Total profit: $39,981
• Equity at exit: $47,083

10-year hold

• IRR: 24.4%
• Equity multiple: 4.30×
• Total profit: $105,130
• Equity at exit: $69,498

Cash invested: $31,892 (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 32621

• Home prices YoY: 0.7%
• Active inventory: 153
• Price-to-rent: 6.0×

Monthly cashflow live

• Estimated rent: $1,595 medium
• Mortgage (P&I): −$597
• Tax est. 1.5%: −$142 /mo · $1,708/yr
• Insurance: −$47
• HOA: −$0
• Vacancy / Maint / Mgmt: −$335
• Net cashflow: $473

Break-even live

Break-even rent $996

Max offer price $113,900

Occupancy floor 65%

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: $28,475
• Closing costs: $3,417
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
10230 NE 72nd St Bronson, FL	3.0	2.0	1071	$1,595	$1.49	20d	1	1.34mi

Listing history 9 events

1. 2026-06-16
   days on market $113,900 Active 10 DOM
2. 2026-06-15
   days on market $113,900 Active 9 DOM
3. 2026-06-14
   days on market $113,900 Active 7 DOM
4. 2026-06-13
   days on market $113,900 Active 6 DOM
5. 2026-06-10
   days on market $113,900 Active 4 DOM
6. 2026-06-09
   days on market $113,900 Active 3 DOM
7. 2026-06-08
   days on market $113,900 Active 2 DOM
8. 2026-06-07
   remarks 699-char remark
9. 2026-06-07
   listed $113,900 Active 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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 7 d/yr ≥107°F today · 23 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,140
• − Mortgage interest: −$6,380
• − Property taxes: −$1,708
• − Insurance: −$570
• − Repairs & maintenance: −$1,531
• − Management: −$1,531
• − Depreciation: −$3,313
• Taxable income: $4,106
• Est. tax owed @ 24.0%: −$985
• After-tax cash flow: $4,690/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.

Condition & rehab AI · 13 photos

Poor 20/100 Extensive rehab

This manufactured home requires extensive renovation and repairs, including kitchen and bathroom updates, roof and exterior repairs, and flooring and paint work. Landscaping and curb appeal improvements will also enhance its value.

Repairs flagged

• Major Kitchen cabinets — Old cabinets need replacement or renovation
• Major Bathroom fixtures — Outdated fixtures need replacement
• Major Roof — No visible roof, but likely needs replacement
• Major Exterior — No visible exterior, but likely needs repairs
• Major Flooring — Old carpet needs replacement
• Major Paint — Worn paint needs repainting
• Major HVAC system — No visible system, but likely needs repair or replacement

Value-add opportunities

• Resale Kitchen renovation — A modern kitchen will attract more buyers and increase the home's value
• Resale Bathroom renovation — A modern bathroom will also attract more buyers and increase the home's value
• Both Exterior landscaping — A well-maintained exterior will improve curb appeal and attract more renters

Renovation cost estimate screening

Repair item	Severity	Est. cost
Kitchen cabinets · Old cabinets need replacement or renovation	Major	$15,000–50,000
Bathroom fixtures · Outdated fixtures need replacement	Major	$15,000–50,000
Roof · No visible roof, but likely needs replacement	Major	$15,000–50,000
Exterior · No visible exterior, but likely needs repairs	Major	$15,000–50,000
Flooring · Old carpet needs replacement	Major	$15,000–50,000
Paint · Worn paint needs repainting	Major	$15,000–50,000
HVAC system · No visible system, but likely needs repair or replacement	Major	$15,000–50,000
Total estimated repair cost · 7 items		$105,000–350,000

Value-add ROI direction

• Resale Kitchen renovation — A modern kitchen will attract more buyers and increase the home's value ↑
• Resale Bathroom renovation — A modern bathroom will also attract more buyers and increase the home's value ↑
• Both Exterior landscaping — A well-maintained exterior will improve curb appeal and attract more renters ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Levy
• NCES district ID: 1201140
• Math proficiency: 45% ▼ -8.00%
• Reading proficiency: 43% ▼ -3.00%
• Median HH income: $35,254
• Composite: 36.42/100
• National rank: #4673
• State rank: #54 of 73 in FL

Livability — East Bronson

• Score: 62/100
• State rank: #768
• US rank: #17230

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 5,540

Population outlook (Levy County) Hauer SSP2

• Today (2025): 36,536 people
• By 2030: 34,498 · -5.6%
• By 2040: 30,294 · -17.1%
• By 2050: 26,368 · -27.8%
• By 2075: 19,003 · -48.0%
• By 2100: 13,169 · -64.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (68%)
• Race & ethnicity: White 68% Hispanic / Latino 14% Black 9% Two or more races 9% Asian 3%
• Hispanic origin (detail): Mexican 4% Puerto Rican 6% Cuban 1%
• Common ancestry: Romanian 2% Lithuanian 2% Serbian 1%
• Foreign-born: 4% · Canada, Jamaica
• Languages at home: 91% English-only · Spanish 8%

Political lean MEDSL · Levy

• 2024 margin: Solid R (+50.3) · D 24.6% · R 74.8%
• 2008→2024 swing: -23.3pp toward R · 2008: -26.9pp · 2024: -50.3pp
• All cycles: 2024: R+50.3 2020: R+45.6 2016: R+44.8 2012: R+32.2 2008: R+26.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 2.35%
• Current HPI: 340.879
• Rent YoY: —
• Metro: —
• 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

• 2026-06-07 Listed $113,900 NFMLS