134 Windy Hills Rd · Hawthorne, FL 32640

$195,000

4 bd · 2.0 ba · 2,052 sqft · Manufactured public records · 34 Days on market

Built 2003 4.68 ac lot Est $304k · 36% 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 +27.2/30.0
• ARV discount +15.0/15.0
• DSCR +9.5/10.0
• 1% rule +7.3/10.0
• Livability +3.6/5.0
• 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

Wow! Mobile home with 2,052 sqft on 4.7 +/- acres. 4 bedroom/2bath, zoned AG. Lots of privacy. In a rural setting. This is a HUD foreclosure. HUD is a Fair Housing & Equal Opportunity Organization. Please see the Property Condition Report (PCR) for environmental disclosures or latent defects. Property sold AS-IS.

Key facts

• Zoned agricultural
• Updated kitchen
• 4.68 acre lot

Tags

• FIXER-UPPER OPPORTUNITY
• ZONED AGRICULTURAL
• UPDATED KITCHEN
• TWO SEPARATE LIVING AREAS
• UNIQUE COUNTRY RETREAT

Property features AI

Finance

• HOA & community: Not a senior community

Exterior

• Parking: Assigned parking
• Utilities: Septic tank; Electricity connected; Water connected
• Home design: Double wide manufactured home; Residential use
• Exterior features: Fenced yard; Cross-fenced; Above-ground private pool; Guest house; Shed(s); Cleared lot with a few trees

Interior

• Kitchen: Dishwasher; Electric cooktop; Electric range; Refrigerator
• Bedrooms: 4 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Kitchen island; Primary bathroom with tub and separate shower; Fireplace (1)
• Laundry & utility: In-unit washer and dryer; Electric water heater

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath manufactured listed at $195k.

Deal economics

• At list price, monthly cash flow is $558 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $195k).
• Recommended offer: $189k (3.0% below list) — sets the bar for market timing.
• Cap rate 9.7% vs local median 3.7% in Hawthorne — 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 71/100 on livability (#376 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, health & safety A+; Watch: schools D, amenities F, commute 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.
• Market conditions: 299 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 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 $1k of loan paydown is wiped out by about $6k 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 $55k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 34 days — a 3% lower offer ($189k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 9y ago; this cycle's ask has dropped $30k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $96k; list at $195k implies a 103% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $189,150 (3.0% below list)

Questions for the listing agent

1. It's been on market 34 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: 1.23% ✓
• Cap rate: 9.73%
• Cash-on-cash: 12.27%
• DSCR: 1.55
• GRM: 6.8

CMA / ARV

• ARV (on-the-fly): $303,696
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
110 Slipper Way	0.66mi	5/3.0 (+1)	2,280 (+11%)	1mo	$330,000	$145	41
522 Lily Trl	0.61mi	5/3.0 (+1)	2,160 (+5%)	21mo	$320,000	$148	36

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: 1.9%
• Equity multiple: 1.07×
• Total profit: $3,976
• Equity at exit: $29,075

10-year hold

• IRR: 11.5%
• Equity multiple: 1.90×
• Total profit: $49,353
• Equity at exit: $16,860

Cash invested: $54,600 (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 32640

• Home prices YoY: -5.3%
• Active inventory: 299
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $2,399 medium
• Mortgage (P&I): −$1,023
• Tax from tax record: −$233 /mo · $2,799/yr
• Insurance: −$81
• HOA: −$0
• Vacancy / Maint / Mgmt: −$504
• Net cashflow: $558

Break-even live

Break-even rent $1,693

Max offer price $195,000

Occupancy floor 72%

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: $48,750
• Closing costs: $5,850
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3803 Main St Hawthorne, FL	3.0	2.0	1700	$2,399	$1.41	4d	1	1.02mi

Listing history 22 events

1. 2026-06-18
   days on market $195,000 Active 34 DOM
2. 2026-06-17
   days on market $195,000 Active 33 DOM
3. 2026-06-16
   days on market $195,000 Active 32 DOM
4. 2026-06-15
   days on market $195,000 Active 31 DOM
5. 2026-06-13
   pricedays on market $195,000 Active 29 DOM
6. 2026-06-09
   days on market $215,000 Active 25 DOM
7. 2026-06-08
   days on market $215,000 Active 24 DOM
8. 2026-06-07
   days on market $215,000 Active 23 DOM
9. 2026-06-05
   days on market $215,000 Active 20 DOM
10. 2026-06-03
    days on market $215,000 Active 19 DOM
11. 2026-06-02
    days on market $215,000 Active 18 DOM
12. 2026-06-02
    price $215,000 Active 17 DOM
13. 2026-06-01
    days on market $225,000 Active 17 DOM
14. 2026-05-31
    days on market $225,000 Active 16 DOM
15. 2026-05-14
    listed $225,000 Active
16. 2020-08-13
    soldstatus $95,900
17. 2020-08-11
    soldstatus $95,851 Sold 318-char remark

    Show marketing remark (318 chars)

    Wow! Mobile home with 2,052 sqft on 4.7 +/- acres. 4 bedroom/2bath, zoned AG. Lots of privacy. In a rural setting. This is a HUD foreclosure. HUD is a Fair Housing & Equal Opportunity Organization. Please see the Property Condition Report (PCR) for environmental disclosures or latent defects. Property sold AS-IS.

18. 2020-05-21
    status Pending 318-char remark

    Show marketing remark (318 chars)

    Wow! Mobile home with 2,052 sqft on 4.7 +/- acres. 4 bedroom/2bath, zoned AG. Lots of privacy. In a rural setting. This is a HUD foreclosure. HUD is a Fair Housing & Equal Opportunity Organization. Please see the Property Condition Report (PCR) for environmental disclosures or latent defects. Property sold AS-IS.

19. 2020-04-16
    listed $106,000 Active 318-char remark

    Show marketing remark (318 chars)

    Wow! Mobile home with 2,052 sqft on 4.7 +/- acres. 4 bedroom/2bath, zoned AG. Lots of privacy. In a rural setting. This is a HUD foreclosure. HUD is a Fair Housing & Equal Opportunity Organization. Please see the Property Condition Report (PCR) for environmental disclosures or latent defects. Property sold AS-IS.

20. 2017-08-29
    soldstatus $110,000 257-char remark

    Show marketing remark (257 chars)

    Cute and Country! 2003 4Bed 2Bath Fireplace home on 4.7 ACRES. Open Spacious Floor plan and recently REMODELED. Nice rooms with Island Kitchen, Garden tub and more. Lots to see-Worth a look. Owner Financing available with online application rate and terms.

21. 2017-05-23
    listed $115,900 257-char remark

    Show marketing remark (257 chars)

    Cute and Country! 2003 4Bed 2Bath Fireplace home on 4.7 ACRES. Open Spacious Floor plan and recently REMODELED. Nice rooms with Island Kitchen, Garden tub and more. Lots to see-Worth a look. Owner Financing available with online application rate and terms.

22. 1997-04-01
    soldstatus $18,000

ⓘ 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: $2,799 · $233/mo
• Projected year-2 tax: $2,799 · $233/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 6/10 Major FEMA zone X (unshaded) · 73% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 8/10 Severe 7 d/yr ≥110°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: $28,788
• − Mortgage interest: −$10,923
• − Property taxes: −$2,799
• − Insurance: −$975
• − Repairs & maintenance: −$2,303
• − Management: −$2,303
• − Depreciation: −$5,673
• Taxable income: $3,812
• Est. tax owed @ 24.0%: −$915
• After-tax cash flow: $5,782/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 — Hawthorne

• Score: 71/100
• State rank: #376
• US rank: #6630

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

• Population (ZIP): 10,780

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 (69%)
• Race & ethnicity: White 69% Black 24% Two or more races 4% Hispanic / Latino 4%
• Common ancestry: Slovak 2% Lithuanian 2% Serbian 1%
• Foreign-born: 3% · Canada
• Languages at home: 98% English-only · Spanish 2%

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: ▼ -15.68%
• Current HPI: 278.0079
• 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

+1150.0% since first listed

8 events — show timeline

• 2026-05-14 Listed $225,000 realMLS
• 2020-08-13 Sold (Public Records) $95,900 Public Records
• 2020-08-11 Sold (MLS) $95,851 realMLS
• 2020-05-21 Pending — realMLS
• 2020-04-16 Listed $106,000 realMLS
• 2017-08-29 Sold (MLS) $110,000 Stellar MLS as Distributed by MLS Grid
• 2017-05-23 Listed $115,900 Stellar MLS as Distributed by MLS Grid
• 1997-04-01 Sold (Public Records) $18,000 Public Records

Property tax history

+9.1%/yr

Latest (2025): $2,799 · -4.0% YoY. Source: county tax records.