1339 Old Lakeport Rd NW Lot 2a · Moore Haven, FL 33471

$95,000

2 bd · 2.0 ba · 876 sqft · Condo public records · 16 Days on market

Built 1987 $117/mo HOA · 12% of rent

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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 +15.6/30.0
• ARV discount +7.5/15.0
• 1% rule +5.6/10.0
• DSCR +4.8/10.0
• Appreciation +4.7/10.0
• Livability +3.5/5.0
• Schools +3.3/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Lakeport - Fisheating bay Condo waterfront community. Looking for a vacation home or affordable year-round residence, look no further than this two-bedroom, one bath 1987 Mobile home with Florida room. Features include Spacious Kitchen and Dining room combination- Breakfast bar- Wonderful Florida room overlooking canal -Central Heat & Air- Metal Roof over- Carport-two storage sheds and more. Located on Nice size deeded lot in Fisheating Bay Condos, a delightful waterfront community with Low HOA fees & no age restrictions- Amenities include Heated Swimming Pool-Clubhouse- Community Boat Ramp & Docks-Large Fish cleaning building-bath house-laundry facility and more! Just Minutes to Casino and Lake Okeechobee- Call today. all measurements approx.

Key facts

• Metal roof
• New laminate floors
• Kitchen dining combo

Tags

• LAKE OKEECHOBEE ACCESS
• NEW LAMINATE FLOORS
• METAL ROOF
• AIR-CONDITIONED FLORIDA ROOM
• KITCHEN DINING COMBO
• BREAKFAST BAR

Property features AI

Finance

• HOA & community: Part of Fisheating Bay Condo association; Association amenities include boating, clubhouse, laundry, heated pool, kitchen facilities and other amenities; HOA/association fee $350 (paid quarterly); fee includes trash and common area maintenance; Pets allowed (restrictions possible)

Exterior

• Parking: Attached carport with 2 covered spaces; 1 open parking space (3 total parking spaces); Concrete driveway
• Utilities: Public water; Public sewer; 100 amp electric service; Electricity, sewer and water connected
• Home design: Mobile home (single wide); One-story (listing notes also indicate two levels); Resale property; Faces west; Located on a private road
• Construction: Aluminum siding; Metal roof / roof over; Mobile home remains on site; Foundation details: see remarks
• Exterior features: Screened porch; Porch (glass enclosed); Shed(s); Lake access and other waterfront features; Paved private-maintained road; Lot dimensions approximately 68 x 74 x 68 x 74

Interior

• Kitchen: Electric range; Refrigerator; Electric water heater (owned)
• Bedrooms: 2 bedrooms on the main level
• Flooring: Carpet; Concrete; Laminate; Tile
• Bathrooms: 1 full bathroom (main level)
• Heating & cooling: Central heating with heat strip; Central air; Ceiling fan(s); Wall/window unit(s)
• Interior features: Cathedral ceilings; Partially furnished; Single-hung metal windows
• Laundry & utility: Washer hookup in unit; Laundry area located in hall/inside

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $95k.

Deal economics

• At list price, monthly cash flow is $41 ($489/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $95k).
• Recommended offer: $94k (1.5% below list) — sets the bar for market timing.
• Cap rate 6.8% vs local median 4.8% in Moore Haven — 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 70/100 on livability (#427 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.
• Glades (town): math 38% / reading 41% proficiency, ranked #63 of 73 in FL (top 86%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 99 active listings in the ZIP; 65 units permitted in Glades County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $162 of equity ($657 loan paydown + $-495 appreciation (-0.5% local appreciation)).
• Glades County population projected at +15% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 16 days — a 2% lower offer ($94k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y 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.

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 $93,575 (1.5% below list)

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
2. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.06% ✓
• Cap rate: 6.81%
• Cash-on-cash: 1.84%
• DSCR: 1.08
• GRM: 7.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-0.52% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -2.0%
• Equity multiple: 0.91×
• Total profit: $-2,411
• Equity at exit: $25,134

10-year hold

• IRR: 4.3%
• Equity multiple: 1.43×
• Total profit: $11,475
• Equity at exit: $28,319

Cash invested: $26,600 (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 33471

• Home prices YoY: -0.1%
• Active inventory: 99
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $1,009 medium
• Mortgage (P&I): −$498
• Tax from tax record: −$101 /mo · $1,216/yr
• Insurance: −$40
• HOA: −$117
• Vacancy / Maint / Mgmt: −$212
• Net cashflow: $41

Break-even live

Break-even rent $957

Max offer price $95,000

Occupancy floor 91%

Sensitivity live

Price	-10% $95	-5% $68	+0% $41	+5% $14	+10% $-13
Rent	-10% $-39	-5% $1	+0% $41	+5% $81	+10% $120
Rate	-1.0pp $89	-0.5pp $65	base $41	+0.5pp $16	+1.0pp $-9

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: $23,750
• Closing costs: $2,850
• Reserves months: —
• Total cash needed: —

HOA detail condo

• Monthly dues: $117 · $1,404/yr
• Likely covers: waterpool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 12 events

1. 2026-06-19
   days on market $95,000 Active 16 DOM
2. 2026-06-18
   days on market $95,000 Active 15 DOM
3. 2026-06-17
   days on market $95,000 Active 14 DOM
4. 2026-06-16
   days on market $95,000 Active 13 DOM
5. 2026-06-15
   days on market $95,000 Active 12 DOM
6. 2026-06-14
   days on market $95,000 Active 10 DOM
7. 2026-06-12
   days on market $95,000 Active 9 DOM
8. 2026-06-09
   days on market $95,000 Active 6 DOM
9. 2026-06-08
   days on market $95,000 Active 5 DOM
10. 2026-06-07
    days on market $95,000 Active 4 DOM
11. 2026-06-07
    remarks 687-char remark
12. 2026-06-07
    listed $95,000 Active 3 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: $1,216 · $101/mo
• Projected year-2 tax: $1,216 · $101/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 4/10 Moderate FEMA zone X · 24% 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 · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,104
• − Mortgage interest: −$5,321
• − Property taxes: −$1,216
• − Insurance: −$475
• − Repairs & maintenance: −$968
• − Management: −$968
• − HOA: −$1,404
• − Depreciation: −$2,764
• Taxable loss: −$1,012
• Est. tax savings @ 24.0%: +$243
• After-tax cash flow: $732/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: Glades
• NCES district ID: 1200660
• Math proficiency: 38% ▼ -15.00%
• Reading proficiency: 41% ▼ -5.00%
• Median HH income: $36,758
• Composite: 32.81/100
• National rank: #5622
• State rank: #63 of 73 in FL

Livability — Moore Haven

• Score: 70/100
• State rank: #427
• US rank: #7288

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): 6,679

Population outlook (Glades County) Hauer SSP2

• Today (2025): 14,901 people
• By 2030: 15,463 · +3.8%
• By 2040: 16,341 · +9.7%
• By 2050: 17,158 · +15.1%
• By 2075: 18,881 · +26.7%
• By 2100: 19,164 · +28.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.64)
• Race & ethnicity: White 49% Black 26% Hispanic / Latino 23% Two or more races 11%
• Hispanic origin (detail): Mexican 12% Puerto Rican 1% Cuban 5%
• Common ancestry: Italian 3% Scotch-Irish 2% Lithuanian 2%
• Foreign-born: 12% · Canada, Jamaica
• Languages at home: 79% English-only · Spanish 19% German/W. Germanic 1% Other Indo-European 1%

Political lean MEDSL · Glades

• 2024 margin: Solid R (+53.3) · D 23.1% · R 76.4%
• 2008→2024 swing: -36.7pp toward R · 2008: -16.6pp · 2024: -53.3pp
• All cycles: 2024: R+53.3 2020: R+46.2 2016: R+39.6 2012: R+18.6 2008: R+16.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -0.52%
• Current HPI: 374.0849
• 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

+691.7% since first listed

12 events — show timeline

• 2026-06-03 Listed $95,000 Beaches MLS
• 2024-07-15 Sold (Public Records) $85,000 Public Records
• 2024-07-11 Sold (MLS) $85,000 HAOR as distributed by MLS GRID
• 2024-07-11 Sold (MLS) $85,000 Stellar MLS as Distributed by MLS Grid
• 2024-06-25 Pending — HAOR as distributed by MLS GRID
• 2024-06-25 Pending — Stellar MLS as Distributed by MLS Grid
• 2024-03-30 Price Changed $98,000 HAOR as distributed by MLS GRID
• 2024-03-30 Price Changed $98,000 Stellar MLS as Distributed by MLS Grid
• 2024-03-18 Listed $117,500 HAOR as distributed by MLS GRID
• 2024-03-17 Listed $117,500 Stellar MLS as Distributed by MLS Grid
• 2005-06-21 Sold (Public Records) $53,000 Public Records
• 1985-08-01 Sold (Public Records) $12,000 Public Records

Property tax history

+8.0%/yr

Latest (2025): $1,216 · +30.4% YoY. Source: county tax records.