2418 Dora Pines Rd · Mount Dora, FL 32757

$19,000

2 bd · 2.0 ba · 784 sqft · Manufactured public records · 5 Days on market

Built 1993 5,183 sqft lot $65/mo HOA · 3% of rent ↓ 5% since listing

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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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Schools +4.2/10.0
• Livability +3.8/5.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

2BD/1.5BA single-wide mobile home in a desirable 55+ community where residents own their land. Features include city water/sewer, backyard porch, carport, concrete driveway, and low $65/month HOA. Community amenities include a pool, clubhouse, shuffleboard, and picnic area. Convenient location near shopping and everyday conveniences. Property has smoke damage from a small fire caused when intruders set a DVD collection on fire. The fire was contained and did not spread through the structure. Great value-add opportunity.

Key facts

• Clubhouse
• Carport
• Backyard porch

Tags

• BACKYARD PORCH
• CARPORT
• CONCRETE DRIVEWAY
• POOL
• CLUBHOUSE
• SHUFFLEBOARD

Property features AI

Finance

• Other: Unfurnished; Direction faces north
• Financial info: Total annual fees listed as $780; No lease restrictions indicated
• HOA & community: Has HOA with required approval; Monthly HOA fee $65; Association amenities include clubhouse, pool, shuffleboard court; Association fee includes pool and recreational facilities; Community features: clubhouse and pool; Senior community; Pets allowed

Exterior

• Parking: Driveway; 1-car carport
• Utilities: Public water; Public sewer; Electricity connected
• Home design: Manufactured home (single wide); Residential property; One story; Faces north
• Construction: Vinyl siding exterior; Other roof (unspecified); Other foundation (unspecified); Building area about 784 square feet
• Exterior features: Paved road access; Lot dimensions approximately 65 x 96; Lot acreage about 0.12 acres

Interior

• Kitchen: Appliances included: Other/unspecified
• Bedrooms: 2 bedrooms
• Flooring: Vinyl flooring
• Bathrooms: 1 full bath; 1 half bath
• Heating & cooling: Other heating (unspecified); Other cooling (unspecified)
• Interior features: Living room and dining room combined; Other appliances (unspecified)
• Laundry & utility: No laundry room (none listed)

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $19k.

Deal economics

• At list price, monthly cash flow is $1k ($15k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $19k).
• Cap rate 86.3% vs local median 3.3% in Mount Dora — 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 75/100 on livability (#244 in FL, #3,860 nationally) — a middle-class / working-renter tenant base. Strengths: health & safety A+, crime A, housing A-; Watch: employment D+, amenities F, commute F.
• Lake (suburban): math 49% / reading 50% proficiency, ranked #37 of 73 in FL (top 51%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents flat; 643 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 4,799 units permitted in Lake County in 2024 (814 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $131 of loan paydown is wiped out by about $570 of value loss. Plan a longer hold.
• Lake County population projected at +37% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 0.6% rent growth), your $5k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: property tax is 5.0% of price.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 6→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $19,000

Questions for the listing agent

1. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 10.11% ✓
• Cap rate: 86.28%
• Cash-on-cash: 285.66%
• DSCR: 13.71
• GRM: 0.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.55% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 14.73×
• Total profit: $73,061
• Equity at exit: $2,833

10-year hold

• IRR: —
• Equity multiple: 29.17×
• Total profit: $149,839
• Equity at exit: $1,643

Cash invested: $5,320 (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 32757

• Home prices YoY: -34.5%
• Rents YoY: 0.6%
• Active inventory: 643
• Price-to-rent: 0.8×

Monthly cashflow live

• Estimated rent: $1,921 high
• Mortgage (P&I): −$100
• Tax from tax record: −$79 /mo · $944/yr
• Insurance: −$8
• HOA: −$65
• Vacancy / Maint / Mgmt: −$403
• Net cashflow: $1,266

Break-even live

Break-even rent $318

Max offer price $19,000

Occupancy floor 29%

Sensitivity live

Price	-10% $1,334	-5% $1,328	+0% $1,266	+5% $1,261	+10% $1,256
Rent	-10% $1,115	-5% $1,191	+0% $1,266	+5% $1,342	+10% $1,418
Rate	-1.0pp $1,276	-0.5pp $1,271	base $1,266	+0.5pp $1,262	+1.0pp $1,256

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: $4,750
• Closing costs: $570
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1515 Lincoln Ave Mount Dora, FL	1.0–2.0	1.0	599	$1,449	$2.42	25d	2	0.69mi
2507 Koji ST Mt Dora, FL	1.0–3.0	1.0–2.0	961	$2,271	$2.36	3d	9	0.81mi
1422 N Tremain St Unit 1422 Mt Dora, FL	2.0	1.5	750	$2,000	$2.67	25d	1	1.22mi
1423 N Tremain St Mount Dora, FL	3.0	2.0	1096	$1,745	$1.59	25d	1	1.24mi
502 N Simpson St Mount Dora, FL	2.0	2.0	1106	$1,785	$1.61	23d	1	1.30mi
501 N Simpson St Mount Dora, FL	2.0	2.0	960	$1,700	$1.77	25d	1	1.32mi
401 E 9th Ave Mount Dora, FL	2.0	1.5	984	$2,800	$2.85	25d	1	1.37mi
155 Veranda Way Mount Dora, FL	1.0–2.0	1.0–2.0	785	$1,748	$2.23	3d	12	1.39mi
316 N Simpson St Unit 318 Mt Dora, FL	2.0	2.0	1015	$1,495	$1.47	25d	1	1.40mi

HOA detail

• Monthly dues: $65 · $780/yr
• Likely covers: watersewerpool

Listing history 4 events

1. 2026-06-16
   statusdays on market $19,000 Pending 5 DOM
2. 2026-06-15
   days on market $19,000 Active 4 DOM
3. 2026-06-13
   remarks 525-char remark
4. 2026-06-13
   listed $19,000 Active 2 DOM

ⓘ 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: $944 · $79/mo
• Projected year-2 tax: $944 · $79/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 3/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 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 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,053
• − Mortgage interest: −$1,064
• − Property taxes: −$944
• − Insurance: −$95
• − Repairs & maintenance: −$1,844
• − Management: −$1,844
• − HOA: −$780
• − Depreciation: −$553
• Taxable income: $15,928
• Est. tax owed @ 24.0%: −$3,823
• After-tax cash flow: $11,374/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: Lake
• NCES district ID: 1201050
• Math proficiency: 49% ▼ -7.00%
• Reading proficiency: 50% ▼ -4.00%
• Median HH income: $46,632
• Composite: 42.05/100
• National rank: #3327
• State rank: #37 of 73 in FL

Livability — Mount Dora

• Score: 75/100
• State rank: #244
• US rank: #3860

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Lake County · 364,602 people
• City population: 34,121
• Metro: Orlando-Kissimmee-Sanford, FL
• Population (ZIP): 34,121
• Household income: $77,216
• Rent vs Own: 26.5% rent · 73.5% own
• Severe rent burden: 998.0

Population outlook (Lake County) Hauer SSP2

• Today (2025): 386,640 people
• By 2030: 417,107 · +7.9%
• By 2040: 476,676 · +23.3%
• By 2050: 531,296 · +37.4%
• By 2075: 648,303 · +67.7%
• By 2100: 698,530 · +80.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (64%)
• Race & ethnicity: White 64% Hispanic / Latino 20% Black 12% Two or more races 11% Pacific Islander 1% Native American 1%
• Hispanic origin (detail): Mexican 5% Puerto Rican 7% Dominican 1%
• Common ancestry: Romanian 3% Slovak 3% Lithuanian 2%
• Foreign-born: 10% · Canada, Jamaica
• Languages at home: 83% English-only · Spanish 14% Other Indo-European 1%

Political lean MEDSL · Lake

• 2024 margin: Strong R (+24.7) · D 37.3% · R 62.0%
• 2008→2024 swing: -11.2pp toward R · 2008: -13.5pp · 2024: -24.7pp
• All cycles: 2024: R+24.7 2020: R+20.0 2016: R+23.1 2012: R+17.1 2008: R+13.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -154.69%
• Current HPI: 293.4759
• Rent YoY: ▲ 0.55%
• Metro: Orlando-Kissimmee-Sanford, 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

-5.0% since first listed

3 events — show timeline

• 2026-06-11 Listed $19,000 Stellar MLS as Distributed by MLS Grid
• 1991-06-01 Sold (Public Records) $27,500 Public Records
• 1989-06-01 Sold (Public Records) $20,000 Public Records

Property tax history

+14.6%/yr

Latest (2025): $944 · -0.9% YoY. Source: county tax records.