4037 SE 27th St · Taylor Creek, FL 34974

$170,000

3 bd · 1.0 ba · 912 sqft · Manufactured public records · 100 Days on market

Built 1967

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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 +18.7/30.0
• ARV discount +7.5/15.0
• DSCR +5.9/10.0
• 1% rule +4.7/10.0
• 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 MLS

Waterfront Beauty. Completely remodeled 3/2 Home on the canal leading into Lake Okeechobee. This home has new roof, windows, vinyl siding, skirting, tie-downs, carpet, vinyl flooring, paint, ceiling fans, and much more! In addition it comes fully furnished. Bring your toothbrush and fish in your own back yard!

Key facts

• Metal roof installed
• Private dock
• Ac installed

Tags

• ACCESSIBLE WATERFRONT LIVING
• OUTDOOR KITCHEN
• PRIVATE DOCK
• REMODELED LAKEFRONT PROPERTY
• METAL ROOF INSTALLED
• AC INSTALLED

Property features AI

Finance

• HOA & community: Community pool (association amenity) or no association — none listed

Exterior

• Parking: Carport (1 covered space); Driveway parking; Guest parking; Strip/slab parking; 2 open parking spaces
• Utilities: Public water
• Home design: Manufactured home; Faces south
• Construction: Aluminum siding and frame construction; Metal roof; Aluminum skirting
• Exterior features: Private pool (above-ground/in-ground); Lake access; Open and screened porches; Deck; Outbuilding / shed

Interior

• Kitchen: Electric range; Refrigerator; Electric water heater
• Bedrooms: 3 bedrooms on the main level
• Flooring: Wood flooring
• Bathrooms: 2 full bathrooms on the main level
• Heating & cooling: Central electric heating; Central air conditioning; Ceiling fans
• Interior features: Updated/remodeled interior; Customized wheelchair accessibility
• Laundry & utility: Washer hookup; Dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath manufactured listed at $170k.

Deal economics

• At list price, monthly cash flow is $169 ($2k/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 $165k (2.7% below list).
• Recommended offer: $155k (9.0% below list) — sets the bar for market timing.
• Cap rate 7.5% 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 100 days — a 9% lower offer ($155k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 15y ago; this cycle's ask has dropped $29k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $80k; list at $170k implies a 112% 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; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $154,700 (9.0% below list)

Questions for the listing agent

1. It's been on market 100 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1967 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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?
7. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
8. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
9. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
10. 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.
11. 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.
12. 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: 0.97% ✗
• Cap rate: 7.49%
• Cash-on-cash: 4.27%
• DSCR: 1.19
• GRM: 8.6

CMA / ARV

• ARV (on-the-fly): $98,496
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4032 SE 28th St	0.11mi	3/2.0	924 (+1%)	8mo	$58,000	$63	82
4224 SE 29th Ct	0.22mi	3/2.0	924 (+1%)	4mo	$100,000	$108	81
3022 SE 39th Ave	0.25mi	2/1.5 (-1)	912 (0%)	16mo	$118,000	$129	68
3247 SE 27th St	0.48mi	2/1.0 (-1)	789 (-14%)	6mo	$65,000	$82	45
3722 SE 32nd Ln	0.43mi	2/2.0 (-1)	1,018 (+12%)	22mo	$160,000	$157	33
3202 SE 24th St	0.56mi	3/2.0	1,030 (+13%)	18mo	$105,000	$102	33

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: -9.6%
• Equity multiple: 0.65×
• Total profit: $-16,759
• Equity at exit: $25,348

10-year hold

• IRR: -0.2%
• Equity multiple: 0.99×
• Total profit: $-698
• Equity at exit: $14,698

Cash invested: $47,600 (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: 8.6×

Monthly cashflow live

• Estimated rent: $1,653 medium
• Mortgage (P&I): −$891
• Tax from tax record: −$175 /mo · $2,095/yr
• Insurance: −$71
• HOA: −$0
• Vacancy / Maint / Mgmt: −$347
• Net cashflow: $169

Break-even live

Break-even rent $1,439

Max offer price $170,000

Occupancy floor 85%

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: $42,500
• Closing costs: $5,100
• Reserves months: —
• Total cash needed: —

Listing history 32 events

1. 2026-06-19
   days on market $170,000 Active 100 DOM
2. 2026-06-18
   days on market $170,000 Active 99 DOM
3. 2026-06-17
   days on market $170,000 Active 98 DOM
4. 2026-06-16
   days on market $170,000 Active 97 DOM
5. 2026-06-15
   days on market $170,000 Active 96 DOM
6. 2026-06-14
   days on market $170,000 Active 94 DOM
7. 2026-06-10
   days on market $170,000 Active 91 DOM
8. 2026-06-09
   days on market $170,000 Active 90 DOM
9. 2026-06-08
   days on market $170,000 Active 89 DOM
10. 2026-06-07
    days on market $170,000 Active 88 DOM
11. 2026-06-05
    days on market $170,000 Active 85 DOM
12. 2026-06-03
    days on market $170,000 Active 84 DOM
13. 2026-06-02
    days on market $170,000 Active 83 DOM
14. 2026-06-01
    days on market $170,000 Active 82 DOM
15. 2026-05-31
    days on market $170,000 Active 81 DOM
16. 2026-05-30
    days on market $170,000 Active 80 DOM
17. 2026-03-14
    price $189,000
18. 2026-01-03
    listed $199,000 Active
19. 2021-09-30
    soldstatus $80,000
20. 2021-02-02
    soldstatus $75,000
21. 2020-08-17
    soldstatus $72,500
22. 2020-08-13
    soldstatus $72,500 Sold 313-char remark

    Show marketing remark (313 chars)

    Waterfront Beauty. Completely remodeled 3/2 Home on the canal leading into Lake Okeechobee. This home has new roof, windows, vinyl siding, skirting, tie-downs, carpet, vinyl flooring, paint, ceiling fans, and much more! In addition it comes fully furnished. Bring your toothbrush and fish in your own back yard!

23. 2020-07-13
    status Pending 313-char remark

    Show marketing remark (313 chars)

    Waterfront Beauty. Completely remodeled 3/2 Home on the canal leading into Lake Okeechobee. This home has new roof, windows, vinyl siding, skirting, tie-downs, carpet, vinyl flooring, paint, ceiling fans, and much more! In addition it comes fully furnished. Bring your toothbrush and fish in your own back yard!

24. 2020-06-18
    status Active 313-char remark

    Show marketing remark (313 chars)

    Waterfront Beauty. Completely remodeled 3/2 Home on the canal leading into Lake Okeechobee. This home has new roof, windows, vinyl siding, skirting, tie-downs, carpet, vinyl flooring, paint, ceiling fans, and much more! In addition it comes fully furnished. Bring your toothbrush and fish in your own back yard!

25. 2020-06-05
    status Pending 313-char remark

    Show marketing remark (313 chars)

    Waterfront Beauty. Completely remodeled 3/2 Home on the canal leading into Lake Okeechobee. This home has new roof, windows, vinyl siding, skirting, tie-downs, carpet, vinyl flooring, paint, ceiling fans, and much more! In addition it comes fully furnished. Bring your toothbrush and fish in your own back yard!

26. 2020-05-21
    price $85,000 313-char remark

    Show marketing remark (313 chars)

    Waterfront Beauty. Completely remodeled 3/2 Home on the canal leading into Lake Okeechobee. This home has new roof, windows, vinyl siding, skirting, tie-downs, carpet, vinyl flooring, paint, ceiling fans, and much more! In addition it comes fully furnished. Bring your toothbrush and fish in your own back yard!

27. 2020-03-25
    price $89,900 313-char remark

    Show marketing remark (313 chars)

    Waterfront Beauty. Completely remodeled 3/2 Home on the canal leading into Lake Okeechobee. This home has new roof, windows, vinyl siding, skirting, tie-downs, carpet, vinyl flooring, paint, ceiling fans, and much more! In addition it comes fully furnished. Bring your toothbrush and fish in your own back yard!

28. 2020-02-17
    price $97,000 313-char remark

    Show marketing remark (313 chars)

    Waterfront Beauty. Completely remodeled 3/2 Home on the canal leading into Lake Okeechobee. This home has new roof, windows, vinyl siding, skirting, tie-downs, carpet, vinyl flooring, paint, ceiling fans, and much more! In addition it comes fully furnished. Bring your toothbrush and fish in your own back yard!

29. 2019-07-16
    listed $99,000 Active 313-char remark

    Show marketing remark (313 chars)

    Waterfront Beauty. Completely remodeled 3/2 Home on the canal leading into Lake Okeechobee. This home has new roof, windows, vinyl siding, skirting, tie-downs, carpet, vinyl flooring, paint, ceiling fans, and much more! In addition it comes fully furnished. Bring your toothbrush and fish in your own back yard!

30. 2018-03-27
    soldstatus $60,000
31. 2011-07-31
    historical
32. 2011-01-31
    listed $49,900

ⓘ 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: $2,095 · $175/mo
• Projected year-2 tax: $2,095 · $175/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 · 24 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: $19,842
• − Mortgage interest: −$9,523
• − Property taxes: −$2,095
• − Insurance: −$850
• − Repairs & maintenance: −$1,587
• − Management: −$1,587
• − Depreciation: −$4,945
• Taxable loss: −$746
• Est. tax savings @ 24.0%: +$179
• After-tax cash flow: $2,211/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

+278.8% since first listed

16 events — show timeline

• 2026-03-14 Price Changed $189,000 Beaches MLS
• 2026-01-03 Listed $199,000 Beaches MLS
• 2021-09-30 Sold (Public Records) $80,000 Public Records
• 2021-02-02 Sold (Public Records) $75,000 Public Records
• 2020-08-17 Sold (Public Records) $72,500 Public Records
• 2020-08-13 Sold (MLS) $72,500 Stellar MLS as Distributed by MLS Grid
• 2020-07-13 Pending — Stellar MLS as Distributed by MLS Grid
• 2020-06-18 Relisted — Stellar MLS as Distributed by MLS Grid
• 2020-06-05 Pending — Stellar MLS as Distributed by MLS Grid
• 2020-05-21 Price Changed $85,000 Stellar MLS as Distributed by MLS Grid
• 2020-03-25 Price Changed $89,900 Stellar MLS as Distributed by MLS Grid
• 2020-02-17 Price Changed $97,000 Stellar MLS as Distributed by MLS Grid
• 2019-07-16 Listed $99,000 Stellar MLS as Distributed by MLS Grid
• 2018-03-27 Sold (Public Records) $60,000 Public Records
• 2011-07-31 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2011-01-31 Listed $49,900 Stellar MLS as Distributed by MLS Grid

Property tax history

+9.4%/yr

Latest (2025): $2,095 · +208.5% YoY. Source: county tax records.