1630 SE 178th Ln · Marion Oaks, FL 34491

$145,000

2 bd · 1.0 ba · 869 sqft · Land · 155 Days on market

Built 1980 0.42 ac lot

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Why this score? — see what drove the C 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 +24.9/30.0
• DSCR +8.1/10.0
• ARV discount +7.5/15.0
• 1% rule +5.3/10.0
• Schools +3.6/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

One or more photo(s) has been virtually staged. How cool is it to live in a newly renovated home on the site of a former one room school? This property was a school in the 90s for twenty years until purchased as a private residence. The rehabilitation was never completed so it was recently purchased (April 2025) to renovate. You're getting a brand new 2 bedroom, one bath manufactured home which has been lovingly upgraded and provides a serene, private location. All of the manufactured home code requirements have been met for 2026- metal roof sealed and coated, septic serviced and certified, new well for fresh water, flood elevation run off ditch in the back of the large property, appraised 1/09/26. SOME PHOTOS VIRTUALLY STAGED. The open floor plan boasts beautiful wood-look LAMINATE throughout as well as RECESSED LIGHTING, modern Ceiling Fans, a TANKLESS WATER HEATER, large Bedroom Closets and a kitchen with Butcher Block counters and Oak Cabinets that are unstained and ready for your design! A brand new stove and microwave are included. A large closet offers Washer/Dryer hook ups with access to the tankless HWH as well. The two bedrooms and bathroom are spacious and modern- so much can be done to make this home your own! The property is wooded and private with NO FEES. The septic and well are new and clean- you'll have no issues there! The property is in a flood zone though it has never flooded, according to county records, and passed the county Flood Elevation requirements. The Certificate of Occupancy was granted on Jan. 8, 2026 and the home is ready for quiet living on your own terms. And the location is close to The Villages, shopping, dining and entertainment. What more could you want? Well, if it's a storage building on the property, you have that too! Big enough for lawn equipment. Who would have thought you can get a completely renovated 2026 home on a large lot for under $200,000? You Can!! Call for a private showing- this beauty won't last!

Key facts

• Oak cabinets
• Recessed lighting
• 0.42 acre lot

Tags

• NEWLY CONSTRUCTED HOME
• SERENE PRIVATE LOCATION
• RECESSED LIGHTING
• TANKLESS WATER HEATER
• BUTCHER BLOCK COUNTERS
• OAK CABINETS

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath land listed at $145k.

Deal economics

• At list price, monthly cash flow is $188 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $145k).
• Recommended offer: $128k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.9% vs local median 4.8% in Marion Oaks — 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: area grade C — affects rentability + tenant quality, not the cash-flow math above.
• Marion (rural): math 42% / reading 43% proficiency, ranked #61 of 73 in FL (top 84%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 61% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 705 active listings in the ZIP; 7,071 units permitted in Marion County in 2024 (534 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 $4k of value loss. Plan a longer hold.
• Marion County population projected at +13% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 155 days — a 12% lower offer ($128k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 13y ago; this cycle's ask has dropped $55k (27%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $8k; list at $145k implies a 1712% 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; major wildfire risk; extreme-heat days projected 6→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $127,600 (12.0% below list)

Questions for the listing agent

1. It's been on market 155 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. 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: 1.03% ✓
• Cap rate: 8.88%
• Cash-on-cash: 9.25%
• DSCR: 1.41
• GRM: 8.1

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: -7.7%
• Equity multiple: 0.72×
• Total profit: $-11,513
• Equity at exit: $21,620

10-year hold

• IRR: 1.9%
• Equity multiple: 1.13×
• Total profit: $5,448
• Equity at exit: $12,537

Cash invested: $40,600 (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 34491

• Home prices YoY: -35.0%
• Active inventory: 705
• Price-to-rent: 8.1×

Monthly cashflow live

• Estimated rent: $1,492 medium
• Mortgage (P&I): −$760
• Tax from tax record: −$45 /mo · $540/yr
• Insurance: −$60
• Flood insurance flood zone: −$125 /mo · $1,502/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$313
• Net cashflow: $188

Break-even live

Break-even rent $1,254

Max offer price $145,000

Occupancy floor 82%

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: $36,250
• Closing costs: $4,350
• Reserves months: —
• Total cash needed: —

Listing history 21 events

1. 2026-06-18
   days on market $145,000 Active 155 DOM
2. 2026-06-17
   days on market $145,000 Active 154 DOM
3. 2026-06-16
   days on market $145,000 Active 153 DOM
4. 2026-06-15
   days on market $145,000 Active 152 DOM
5. 2026-06-14
   days on market $145,000 Active 150 DOM
6. 2026-06-13
   days on market $145,000 Active 149 DOM
7. 2026-06-10
   days on market $145,000 Active 147 DOM
8. 2026-06-09
   days on market $145,000 Active 146 DOM
9. 2026-06-08
   pricedays on market $145,000 Active 145 DOM
10. 2026-06-07
    days on market $169,900 Active 144 DOM
11. 2026-06-03
    days on market $169,900 Active 140 DOM
12. 2026-06-02
    days on market $169,900 Active 139 DOM
13. 2026-05-31
    days on market $169,900 Active 137 DOM
14. 2026-05-30
    days on market $169,900 Active 136 DOM
15. 2026-04-28
    price $169,900 1994-char remark

    Show marketing remark (1994 chars)

    One or more photo(s) has been virtually staged. How cool is it to live in a newly renovated home on the site of a former one room school? This property was a school in the 90s for twenty years until purchased as a private residence. The rehabilitation was never completed so it was recently purchased (April 2025) to renovate. You're getting a brand new 2 bedroom, one bath manufactured home which has been lovingly upgraded and provides a serene, private location. All of the manufactured home code requirements have been met for 2026- metal roof sealed and coated, septic serviced and certified, new well for fresh water, flood elevation run off ditch in the back of the large property, appraised 1/09/26. SOME PHOTOS VIRTUALLY STAGED. The open floor plan boasts beautiful wood-look LAMINATE throughout as well as RECESSED LIGHTING, modern Ceiling Fans, a TANKLESS WATER HEATER, large Bedroom Closets and a kitchen with Butcher Block counters and Oak Cabinets that are unstained and ready for your design! A brand new stove and microwave are included. A large closet offers Washer/Dryer hook ups with access to the tankless HWH as well. The two bedrooms and bathroom are spacious and modern- so much can be done to make this home your own! The property is wooded and private with NO FEES. The septic and well are new and clean- you'll have no issues there! The property is in a flood zone though it has never flooded, according to county records, and passed the county Flood Elevation requirements. The Certificate of Occupancy was granted on Jan. 8, 2026 and the home is ready for quiet living on your own terms. And the location is close to The Villages, shopping, dining and entertainment. What more could you want? Well, if it's a storage building on the property, you have that too! Big enough for lawn equipment. Who would have thought you can get a completely renovated 2026 home on a large lot for under $200,000? You Can!! Call for a private showing- this beauty won't last!

16. 2026-03-05
    price $179,000 1994-char remark

    Show marketing remark (1994 chars)

    One or more photo(s) has been virtually staged. How cool is it to live in a newly renovated home on the site of a former one room school? This property was a school in the 90s for twenty years until purchased as a private residence. The rehabilitation was never completed so it was recently purchased (April 2025) to renovate. You're getting a brand new 2 bedroom, one bath manufactured home which has been lovingly upgraded and provides a serene, private location. All of the manufactured home code requirements have been met for 2026- metal roof sealed and coated, septic serviced and certified, new well for fresh water, flood elevation run off ditch in the back of the large property, appraised 1/09/26. SOME PHOTOS VIRTUALLY STAGED. The open floor plan boasts beautiful wood-look LAMINATE throughout as well as RECESSED LIGHTING, modern Ceiling Fans, a TANKLESS WATER HEATER, large Bedroom Closets and a kitchen with Butcher Block counters and Oak Cabinets that are unstained and ready for your design! A brand new stove and microwave are included. A large closet offers Washer/Dryer hook ups with access to the tankless HWH as well. The two bedrooms and bathroom are spacious and modern- so much can be done to make this home your own! The property is wooded and private with NO FEES. The septic and well are new and clean- you'll have no issues there! The property is in a flood zone though it has never flooded, according to county records, and passed the county Flood Elevation requirements. The Certificate of Occupancy was granted on Jan. 8, 2026 and the home is ready for quiet living on your own terms. And the location is close to The Villages, shopping, dining and entertainment. What more could you want? Well, if it's a storage building on the property, you have that too! Big enough for lawn equipment. Who would have thought you can get a completely renovated 2026 home on a large lot for under $200,000? You Can!! Call for a private showing- this beauty won't last!

17. 2026-02-01
    price $189,000 1994-char remark

    Show marketing remark (1994 chars)

    One or more photo(s) has been virtually staged. How cool is it to live in a newly renovated home on the site of a former one room school? This property was a school in the 90s for twenty years until purchased as a private residence. The rehabilitation was never completed so it was recently purchased (April 2025) to renovate. You're getting a brand new 2 bedroom, one bath manufactured home which has been lovingly upgraded and provides a serene, private location. All of the manufactured home code requirements have been met for 2026- metal roof sealed and coated, septic serviced and certified, new well for fresh water, flood elevation run off ditch in the back of the large property, appraised 1/09/26. SOME PHOTOS VIRTUALLY STAGED. The open floor plan boasts beautiful wood-look LAMINATE throughout as well as RECESSED LIGHTING, modern Ceiling Fans, a TANKLESS WATER HEATER, large Bedroom Closets and a kitchen with Butcher Block counters and Oak Cabinets that are unstained and ready for your design! A brand new stove and microwave are included. A large closet offers Washer/Dryer hook ups with access to the tankless HWH as well. The two bedrooms and bathroom are spacious and modern- so much can be done to make this home your own! The property is wooded and private with NO FEES. The septic and well are new and clean- you'll have no issues there! The property is in a flood zone though it has never flooded, according to county records, and passed the county Flood Elevation requirements. The Certificate of Occupancy was granted on Jan. 8, 2026 and the home is ready for quiet living on your own terms. And the location is close to The Villages, shopping, dining and entertainment. What more could you want? Well, if it's a storage building on the property, you have that too! Big enough for lawn equipment. Who would have thought you can get a completely renovated 2026 home on a large lot for under $200,000? You Can!! Call for a private showing- this beauty won't last!

18. 2026-01-14
    listed $199,999 Active 1994-char remark

    Show marketing remark (1994 chars)

    One or more photo(s) has been virtually staged. How cool is it to live in a newly renovated home on the site of a former one room school? This property was a school in the 90s for twenty years until purchased as a private residence. The rehabilitation was never completed so it was recently purchased (April 2025) to renovate. You're getting a brand new 2 bedroom, one bath manufactured home which has been lovingly upgraded and provides a serene, private location. All of the manufactured home code requirements have been met for 2026- metal roof sealed and coated, septic serviced and certified, new well for fresh water, flood elevation run off ditch in the back of the large property, appraised 1/09/26. SOME PHOTOS VIRTUALLY STAGED. The open floor plan boasts beautiful wood-look LAMINATE throughout as well as RECESSED LIGHTING, modern Ceiling Fans, a TANKLESS WATER HEATER, large Bedroom Closets and a kitchen with Butcher Block counters and Oak Cabinets that are unstained and ready for your design! A brand new stove and microwave are included. A large closet offers Washer/Dryer hook ups with access to the tankless HWH as well. The two bedrooms and bathroom are spacious and modern- so much can be done to make this home your own! The property is wooded and private with NO FEES. The septic and well are new and clean- you'll have no issues there! The property is in a flood zone though it has never flooded, according to county records, and passed the county Flood Elevation requirements. The Certificate of Occupancy was granted on Jan. 8, 2026 and the home is ready for quiet living on your own terms. And the location is close to The Villages, shopping, dining and entertainment. What more could you want? Well, if it's a storage building on the property, you have that too! Big enough for lawn equipment. Who would have thought you can get a completely renovated 2026 home on a large lot for under $200,000? You Can!! Call for a private showing- this beauty won't last!

19. 2013-09-19
    soldstatus $8,000 241-char remark

    Show marketing remark (241 chars)

    Chainlink fence, septic, well, electric, not warranteed. Measurements taken by the Marion County property appraiser's website and are not guaranteed. Good sized fenced lot, ready for your mobile, or new built home. Currently, no impact fees.

20. 2013-04-13
    listed $8,500 241-char remark

    Show marketing remark (241 chars)

    Chainlink fence, septic, well, electric, not warranteed. Measurements taken by the Marion County property appraiser's website and are not guaranteed. Good sized fenced lot, ready for your mobile, or new built home. Currently, no impact fees.

21. 2013-04-13
    listed $8,500

    Show marketing remark (241 chars)

    Chainlink fence, septic, well, electric, not warranteed. Measurements taken by the Marion County property appraiser's website and are not guaranteed. Good sized fenced lot, ready for your mobile, or new built home. Currently, no impact fees.

ⓘ 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: $540 · $45/mo
• Projected year-2 tax: $1,204 · $100/mo
• Expected delta: +$663/yr (+$55/mo · 122.9%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone A · 71% chance over 30 yrs
• 🔥 Wildfire 6/10 Major
• 🌡 Heat 8/10 Severe 6 d/yr ≥108°F today · 18 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,908
• − Mortgage interest: −$8,122
• − Property taxes: −$540
• − Insurance: −$2,228
• − Repairs & maintenance: −$1,433
• − Management: −$1,433
• − Depreciation: −$4,218
• Taxable loss: −$66
• Est. tax savings @ 24.0%: +$16
• After-tax cash flow: $2,270/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: Marion
• NCES district ID: 1201260
• Math proficiency: 42% ▼ -7.00%
• Reading proficiency: 43% ▼ -4.00%
• Median HH income: $40,015
• Composite: 35.61/100
• National rank: #4890
• State rank: #61 of 73 in FL

Livability — Marion Oaks

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• County: Marion County · 315,796 people
• City population: 25,030
• Metro: Ocala, FL
• Population (ZIP): 33,318
• Household income: $66,679
• Rent vs Own: 13.2% rent · 86.8% own
• Severe rent burden: 256.0

Population outlook (Marion County) Hauer SSP2

• Today (2025): 365,905 people
• By 2030: 376,768 · +3.0%
• By 2040: 396,555 · +8.4%
• By 2050: 412,723 · +12.8%
• By 2075: 446,090 · +21.9%
• By 2100: 436,193 · +19.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (77%)
• Race & ethnicity: White 77% Hispanic / Latino 14% Two or more races 9% Black 4% Asian 2%
• Hispanic origin (detail): Mexican 3% Puerto Rican 6% Cuban 1%
• Common ancestry: Lithuanian 3% Slovak 2% Romanian 2%
• Foreign-born: 8% · Canada, Vietnam, Jamaica
• Languages at home: 85% English-only · Spanish 11% Vietnamese 1% French/Haitian/Cajun 1%

Political lean MEDSL · Marion

• 2024 margin: Solid R (+31.6) · D 33.8% · R 65.5%
• 2008→2024 swing: -20.0pp toward R · 2008: -11.6pp · 2024: -31.6pp
• All cycles: 2024: R+31.6 2020: R+25.9 2016: R+26.2 2012: R+16.2 2008: R+11.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -107.67%
• Current HPI: 200.0792
• Rent YoY: —
• Metro: Ocala, 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

+1898.8% since first listed

7 events — show timeline

• 2026-04-28 Price Changed $169,900 Stellar MLS as Distributed by MLS Grid
• 2026-03-05 Price Changed $179,000 Stellar MLS as Distributed by MLS Grid
• 2026-02-01 Price Changed $189,000 Stellar MLS as Distributed by MLS Grid
• 2026-01-14 Listed $199,999 Stellar MLS as Distributed by MLS Grid
• 2013-09-19 Sold (MLS) $8,000 RACC
• 2013-04-13 Listed $8,500 Stellar MLS as Distributed by MLS Grid
• 2013-04-13 Listed $8,500 RACC

Property tax history

+14.3%/yr

Latest (2025): $540 · +20.2% YoY. Source: county tax records.