201 Scott St · Interlachen, FL 32148

$118,000

3 bd · 2.0 ba · 1,795 sqft · Manufactured public records · 45 Days on market

Built 1991 0.36 ac lot Est $219k · 46% under

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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 +27.0/30.0
• ARV discount +15.0/15.0
• DSCR +9.3/10.0
• 1% rule +7.4/10.0
• Livability +3.4/5.0
• Schools +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Near St.Rd. 20 and Lake Ida. This 3 BD/2 BA Triple wide manufactured home is on corner of paved roads, Winton Ave. and Scott St. Enjoy fireplace from living and dining area. Master bath has separate tub and shower,double sinks and still room to move around. Not just one but 2 sheds. Home has a new metal roof 2015.

Key facts

• 0.36 acre lot
• Built 1991
• Listed 45 days

Property features AI

Finance

• Other: Lot approximately 0.36 acres (about 75 x 210); Zoned R-2; Located near downtown Interlachen, local shopping, dining, and nearby lakes
• Financial info:
• HOA & community: No association

Exterior

• Parking:
• Security:
• Utilities: Well water; Septic tank; Other utilities
• Home design: Manufactured home (double wide); Single-story; Faces east; Homestead exempt
• Construction: Metal siding; Metal roof; Slab foundation; Built as a manufactured home
• Exterior features: Other exterior features; Asphalt road frontage

Interior

• Kitchen: Appliances: Other
• Bedrooms: 3 bedrooms
• Flooring: Tile; Wood
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning; Living room fireplace
• Interior features: Ceiling fans
• Laundry & utility: Dedicated laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $118k.

Deal economics

• At list price, monthly cash flow is $331 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $118k).
• Recommended offer: $114k (3.0% below list) — sets the bar for market timing.
• Cap rate 9.7% vs local median 5.1% in Interlachen — 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 67/100 on livability (#540 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F, employment F.
• Putnam (town): math 34% / reading 39% proficiency, ranked #66 of 73 in FL (top 90%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 71% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Melrose Elementary School (math 62% / reading 57%, grade B-, #690 of 2,144 statewide, top 34%, 376 students, 49% FRL); Putnam Academy of Arts And Sciences (math 42% / reading 52%, grade D+, #291 of 571 statewide, top 52%, 177 students, 75% FRL, charter); Interlachen Jr-Sr High School (math 16% / reading 32%, grade F, #529 of 667 statewide, top 80%, 1,097 students, 71% FRL).
• Market conditions: 760 active listings in the ZIP; 113 units permitted in Putnam County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $816 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Putnam County population projected at -31% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $33k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 45 days — a 3% lower offer ($114k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 11y 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 $48k; list at $118k implies a 143% 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→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $114,460 (3.0% below list)

Questions for the listing agent

1. It's been on market 45 days. Have you received any prior offers? Is the seller open to a 3% 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. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 1.24% ✓
• Cap rate: 9.66%
• Cash-on-cash: 12.01%
• DSCR: 1.53
• GRM: 6.7

CMA / ARV

• ARV (on-the-fly): $218,990
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
125 Reaves Ave	0.49mi	4/2.0 (+1)	1,768 (-2%)	11mo	$215,000	$122	60
105 George Ave	0.40mi	3/2.0	1,560 (-13%)	3mo	$135,000	$87	57
107 Peebles Rd	0.46mi	3/3.0	1,890 (+5%)	12mo	$174,900	$93	56
102 Ash Ln	0.67mi	3/2.0	1,800 (+0%)	17mo	$235,000	$131	54
115 Pridgeon St	0.70mi	3/2.0	1,860 (+4%)	12mo	$320,000	$172	51

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: 1.6%
• Equity multiple: 1.06×
• Total profit: $1,972
• Equity at exit: $17,594

10-year hold

• IRR: 11.2%
• Equity multiple: 1.88×
• Total profit: $28,964
• Equity at exit: $10,202

Cash invested: $33,040 (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 32148

• Home prices YoY: -5.8%
• Active inventory: 760
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $1,468 medium
• Mortgage (P&I): −$619
• Tax from tax record: −$161 /mo · $1,937/yr
• Insurance: −$49
• HOA: −$0
• Vacancy / Maint / Mgmt: −$308
• Net cashflow: $331

Break-even live

Break-even rent $1,050

Max offer price $118,000

Occupancy floor 72%

Sensitivity live

Price	-10% $397	-5% $364	+0% $331	+5% $297	+10% $264
Rent	-10% $215	-5% $273	+0% $331	+5% $389	+10% $447
Rate	-1.0pp $390	-0.5pp $361	base $331	+0.5pp $300	+1.0pp $269

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: $29,500
• Closing costs: $3,540
• Reserves months: —
• Total cash needed: —

Listing history 23 events

1. 2026-06-21
   days on market $118,000 Active 45 DOM
2. 2026-06-18
   days on market $118,000 Active 42 DOM
3. 2026-06-17
   days on market $118,000 Active 41 DOM
4. 2026-06-16
   days on market $118,000 Active 40 DOM
5. 2026-06-15
   days on market $118,000 Active 39 DOM
6. 2026-06-13
   days on market $118,000 Active 37 DOM
7. 2026-06-09
   days on market $118,000 Active 33 DOM
8. 2026-06-08
   days on market $118,000 Active 32 DOM
9. 2026-06-07
   days on market $118,000 Active 31 DOM
10. 2026-06-05
    days on market $118,000 Active 28 DOM
11. 2026-06-03
    days on market $118,000 Active 27 DOM
12. 2026-06-02
    days on market $118,000 Active 26 DOM
13. 2026-06-01
    days on market $118,000 Active 25 DOM
14. 2026-05-31
    days on market $118,000 Active 24 DOM
15. 2026-05-15
    price $118,000
16. 2026-05-07
    listed $119,000 Active
17. 2016-06-10
    soldstatus $48,500
18. 2016-06-09
    soldstatus $48,500 Sold 315-char remark

    Show marketing remark (315 chars)

    Near St.Rd. 20 and Lake Ida. This 3 BD/2 BA Triple wide manufactured home is on corner of paved roads, Winton Ave. and Scott St. Enjoy fireplace from living and dining area. Master bath has separate tub and shower,double sinks and still room to move around. Not just one but 2 sheds. Home has a new metal roof 2015.

19. 2016-04-05
    status Pending 315-char remark

    Show marketing remark (315 chars)

    Near St.Rd. 20 and Lake Ida. This 3 BD/2 BA Triple wide manufactured home is on corner of paved roads, Winton Ave. and Scott St. Enjoy fireplace from living and dining area. Master bath has separate tub and shower,double sinks and still room to move around. Not just one but 2 sheds. Home has a new metal roof 2015.

20. 2015-03-21
    listed $58,900 Active 315-char remark

    Show marketing remark (315 chars)

    Near St.Rd. 20 and Lake Ida. This 3 BD/2 BA Triple wide manufactured home is on corner of paved roads, Winton Ave. and Scott St. Enjoy fireplace from living and dining area. Master bath has separate tub and shower,double sinks and still room to move around. Not just one but 2 sheds. Home has a new metal roof 2015.

21. 2015-03-21
    price $48,500 315-char remark

    Show marketing remark (315 chars)

    Near St.Rd. 20 and Lake Ida. This 3 BD/2 BA Triple wide manufactured home is on corner of paved roads, Winton Ave. and Scott St. Enjoy fireplace from living and dining area. Master bath has separate tub and shower,double sinks and still room to move around. Not just one but 2 sheds. Home has a new metal roof 2015.

22. 2015-03-21
    price $54,900 315-char remark

    Show marketing remark (315 chars)

    Near St.Rd. 20 and Lake Ida. This 3 BD/2 BA Triple wide manufactured home is on corner of paved roads, Winton Ave. and Scott St. Enjoy fireplace from living and dining area. Master bath has separate tub and shower,double sinks and still room to move around. Not just one but 2 sheds. Home has a new metal roof 2015.

23. 1998-06-10
    soldstatus $38,000

ⓘ 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: $1,937 · $161/mo
• Projected year-2 tax: $1,937 · $161/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 (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥109°F today · 20 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,621
• − Mortgage interest: −$6,610
• − Property taxes: −$1,937
• − Insurance: −$590
• − Repairs & maintenance: −$1,410
• − Management: −$1,410
• − Depreciation: −$3,433
• Taxable income: $2,233
• Est. tax owed @ 24.0%: −$536
• After-tax cash flow: $3,433/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: Putnam
• NCES district ID: 1201620
• Math proficiency: 34% ▼ -10.00%
• Reading proficiency: 39% ▼ -4.00%
• Median HH income: $33,350
• Composite: 29.99/100
• National rank: #6361
• State rank: #66 of 73 in FL

Livability — Interlachen

• Score: 67/100
• State rank: #540
• US rank: #10162

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 11,580
• Population (ZIP): 11,580

Population outlook (Putnam County) Hauer SSP2

• Today (2025): 65,299 people
• By 2030: 61,255 · -6.2%
• By 2040: 52,930 · -18.9%
• By 2050: 45,051 · -31.0%
• By 2075: 28,720 · -56.0%
• By 2100: 15,852 · -75.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (84%)
• Race & ethnicity: White 84% Hispanic / Latino 9% Two or more races 8% Black 3%
• Hispanic origin (detail): Mexican 2% Puerto Rican 7%
• Common ancestry: Slovak 4% Lithuanian 3% Romanian 1%
• Foreign-born: 2% · Canada
• Languages at home: 94% English-only · Spanish 4%

Political lean MEDSL · Putnam

• 2024 margin: Solid R (+47.8) · D 25.8% · R 73.6%
• 2008→2024 swing: -28.5pp toward R · 2008: -19.3pp · 2024: -47.8pp
• All cycles: 2024: R+47.8 2020: R+41.2 2016: R+36.6 2012: R+24.5 2008: R+19.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -16.98%
• Current HPI: 277.2763
• 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

+210.5% since first listed

9 events — show timeline

• 2026-05-15 Price Changed $118,000 Stellar MLS as Distributed by MLS Grid
• 2026-05-07 Listed $119,000 Stellar MLS as Distributed by MLS Grid
• 2016-06-10 Sold (Public Records) $48,500 Public Records
• 2016-06-09 Sold (MLS) $48,500 realMLS
• 2016-04-05 Pending — realMLS
• 2015-03-21 Listed $58,900 realMLS
• 2015-03-21 Price Changed $54,900 realMLS
• 2015-03-21 Price Changed $48,500 realMLS
• 1998-06-10 Sold (Public Records) $38,000 Public Records

Property tax history

+5.6%/yr

Latest (2025): $1,937 · +5.8% YoY. Source: county tax records.