120 Barracuda Dr · Hastings, FL 32177

$160,000

3 bd · 2.0 ba · 1,440 sqft · Manufactured public records · 43 Days on market

Built 1984 0.51 ac lot Est $156k · at est.

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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 +20.8/30.0
• DSCR +6.6/10.0
• ARV discount +6.2/15.0
• 1% rule +5.0/10.0
• Livability +3.6/5.0
• Rent growth +3.1/5.0
• Schools +3.0/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

LOOKING FOR A REALLY NICE AFFORDABLE HOME. THIS IS IT!! 3BR 2BA on half acre fully fenced and nice area in back yard chain link fenced for children or your fury children! Inside this home is an open floor plan with laminate flooring. Cozy family room with a fireplace for those cool nights. Living room with plenty of space and a nice dining area. Large bedrooms with walk in closets. Two full baths. Large laundry area just inside the back door. Talk about convenient. Concrete drive to park on and concrete patio out b ack to enjoy the cool fall evenings or early morning coffee. DON'T MISS OUT ON THIS HOME!!

Key facts

• Open floor plan
• Spice pantry
• New well house

Tags

• REMODELED HOME
• NEW WELL HOUSE
• HOLDING TANK
• OPEN FLOOR PLAN
• SPICE PANTRY
• LAUNDRY ROOM

Property features AI

Exterior

• Parking: Additional off-street parking
• Security: Smoke detector(s)
• Utilities: Private sewer (septic tank); Water connected; Sewer connected; Electricity connected; Cable available
• Home design: Double wide mobile home; Property is attached; Faces west
• Construction: Aluminum siding; Metal roof
• Exterior features: Patio; Shed(s); Cleared lot; Chain link, full, and wire fencing

Interior

• Kitchen: Dishwasher; Electric range; Microwave; Refrigerator; Ice maker; Electric water heater
• Bedrooms: 3 bedrooms
• Flooring: Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric, heat pump); Central air (electric)
• Interior features: Open floorplan; Breakfast bar; Ceiling fan(s); Split bedrooms; Primary bathroom with tub and separate shower; Walk-in closet(s); Has fireplace (1)
• Laundry & utility: In-unit laundry with electric dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $160k.

Deal economics

• At list price, monthly cash flow is $220 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $160k (0.0% below list).
• Recommended offer: $155k (3.0% below list) — sets the bar for market timing.
• Cap rate 7.9% vs local median 2.7% in Hastings — 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 (#410 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: employment 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.
• Zoned schools: James A. Long Elementary School (math 37% / reading 37%, grade F, #1,609 of 2,144 statewide, top 77%, 552 students, 66% FRL); Putnam Academy of Arts And Sciences (math 42% / reading 52%, grade D+, #291 of 571 statewide, top 52%, 177 students, 75% FRL, charter); Palatka Jr - Sr High School (math 13% / reading 30%, grade F, #546 of 667 statewide, top 82%, 1,639 students, 64% FRL) — zoned schools at 68% FRL track the district average.
• Market conditions: Rents rising (+2.2%/yr); 319 active listings in the ZIP; 113 units permitted in Putnam County in 2024 (0 in 5+ unit buildings).
• This rent runs 40% of the median local income ($48k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k 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.

Negotiation context

• It's been on market 43 days — a 3% lower offer ($155k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 4y 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 $18k; list at $160k implies a 789% 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 $155,200 (3.0% below list)

Questions for the listing agent

1. It's been on market 43 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 F-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: 1.00% ✗
• Cap rate: 7.95%
• Cash-on-cash: 5.91%
• DSCR: 1.26
• GRM: 8.3

CMA / ARV

• ARV (on-the-fly): $155,520
• Comps found: 10

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
120 Barracuda Dr	0.00mi	3/2.0	1,440 (0%)	1mo	$155,000	$108	99
112 Donald R Blvd	0.31mi	3/2.0	1,456 (+1%)	4mo	$115,000	$79	80
111 Sailfish Dr	0.29mi	3/2.0	1,475 (+2%)	9mo	$228,000	$155	75
245 Tarpon Blvd	0.26mi	3/2.0	1,296 (-10%)	8mo	$82,000	$63	65
118 Lobster Pl	0.33mi	3/2.0	1,344 (-7%)	22mo	$144,500	$108	55
106 Mackerel Ave	0.15mi	3/2.0	1,620 (+12%)	22mo	$80,000	$49	54
259 Tarpon Blvd	0.32mi	3/2.0	1,248 (-13%)	16mo	$175,000	$140	49
152 Bonita Dr	0.40mi	4/2.0 (+1)	1,620 (+12%)	8mo	$105,200	$65	49
234 Trisail Ave	0.49mi	4/2.0 (+1)	1,296 (-10%)	16mo	$180,000	$139	42
844 W River Rd	0.73mi	3/2.0	1,260 (-12%)	8mo	$239,900	$190	38

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 · 2.23% rent growth · sell at horizon

5-year hold

• IRR: -8.0%
• Equity multiple: 0.71×
• Total profit: $-13,129
• Equity at exit: $23,857

10-year hold

• IRR: 0.5%
• Equity multiple: 1.04×
• Total profit: $1,621
• Equity at exit: $13,834

Cash invested: $44,800 (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 32177

• Home prices YoY: -28.1%
• Rents YoY: 2.2%
• Active inventory: 319
• Price-to-rent: 8.3×

Monthly cashflow live

• Estimated rent: $1,599 medium
• Mortgage (P&I): −$839
• Tax from tax record: −$137 /mo · $1,646/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$336
• Net cashflow: $220

Break-even live

Break-even rent $1,320

Max offer price $160,000

Occupancy floor 81%

Sensitivity live

Price	-10% $311	-5% $266	+0% $220	+5% $175	+10% $130
Rent	-10% $94	-5% $157	+0% $220	+5% $284	+10% $347
Rate	-1.0pp $301	-0.5pp $261	base $220	+0.5pp $179	+1.0pp $137

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: $40,000
• Closing costs: $4,800
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-05-13
   historical Active Under Contract
2. 2026-04-14
   listed $160,000 Active
3. 2026-03-17
   historical 616-char remark

   Show marketing remark (616 chars)

   LOOKING FOR A REALLY NICE AFFORDABLE HOME. THIS IS IT!! 3BR 2BA on half acre fully fenced and nice area in back yard chain link fenced for children or your fury children! Inside this home is an open floor plan with laminate flooring. Cozy family room with a fireplace for those cool nights. Living room with plenty of space and a nice dining area. Large bedrooms with walk in closets. Two full baths. Large laundry area just inside the back door. Talk about convenient. Concrete drive to park on and concrete patio out b ack to enjoy the cool fall evenings or early morning coffee. DON'T MISS OUT ON THIS HOME!!

4. 2026-03-02
   status Active 616-char remark

   Show marketing remark (616 chars)

   LOOKING FOR A REALLY NICE AFFORDABLE HOME. THIS IS IT!! 3BR 2BA on half acre fully fenced and nice area in back yard chain link fenced for children or your fury children! Inside this home is an open floor plan with laminate flooring. Cozy family room with a fireplace for those cool nights. Living room with plenty of space and a nice dining area. Large bedrooms with walk in closets. Two full baths. Large laundry area just inside the back door. Talk about convenient. Concrete drive to park on and concrete patio out b ack to enjoy the cool fall evenings or early morning coffee. DON'T MISS OUT ON THIS HOME!!

5. 2026-02-28
   historical 616-char remark

   Show marketing remark (616 chars)

   LOOKING FOR A REALLY NICE AFFORDABLE HOME. THIS IS IT!! 3BR 2BA on half acre fully fenced and nice area in back yard chain link fenced for children or your fury children! Inside this home is an open floor plan with laminate flooring. Cozy family room with a fireplace for those cool nights. Living room with plenty of space and a nice dining area. Large bedrooms with walk in closets. Two full baths. Large laundry area just inside the back door. Talk about convenient. Concrete drive to park on and concrete patio out b ack to enjoy the cool fall evenings or early morning coffee. DON'T MISS OUT ON THIS HOME!!

6. 2025-09-10
   status Active 616-char remark

   Show marketing remark (616 chars)

   LOOKING FOR A REALLY NICE AFFORDABLE HOME. THIS IS IT!! 3BR 2BA on half acre fully fenced and nice area in back yard chain link fenced for children or your fury children! Inside this home is an open floor plan with laminate flooring. Cozy family room with a fireplace for those cool nights. Living room with plenty of space and a nice dining area. Large bedrooms with walk in closets. Two full baths. Large laundry area just inside the back door. Talk about convenient. Concrete drive to park on and concrete patio out b ack to enjoy the cool fall evenings or early morning coffee. DON'T MISS OUT ON THIS HOME!!

7. 2025-09-06
   historical Active Under Contract 616-char remark

   Show marketing remark (616 chars)

   LOOKING FOR A REALLY NICE AFFORDABLE HOME. THIS IS IT!! 3BR 2BA on half acre fully fenced and nice area in back yard chain link fenced for children or your fury children! Inside this home is an open floor plan with laminate flooring. Cozy family room with a fireplace for those cool nights. Living room with plenty of space and a nice dining area. Large bedrooms with walk in closets. Two full baths. Large laundry area just inside the back door. Talk about convenient. Concrete drive to park on and concrete patio out b ack to enjoy the cool fall evenings or early morning coffee. DON'T MISS OUT ON THIS HOME!!

8. 2025-08-27
   listed $155,000 Active 616-char remark

   Show marketing remark (616 chars)

   LOOKING FOR A REALLY NICE AFFORDABLE HOME. THIS IS IT!! 3BR 2BA on half acre fully fenced and nice area in back yard chain link fenced for children or your fury children! Inside this home is an open floor plan with laminate flooring. Cozy family room with a fireplace for those cool nights. Living room with plenty of space and a nice dining area. Large bedrooms with walk in closets. Two full baths. Large laundry area just inside the back door. Talk about convenient. Concrete drive to park on and concrete patio out b ack to enjoy the cool fall evenings or early morning coffee. DON'T MISS OUT ON THIS HOME!!

9. 2024-12-20
   historical $1,350
10. 2024-11-19
    price $1,350
11. 2024-10-29
    listed $1,500
12. 2024-10-28
    historical 260-char remark

    Show marketing remark (260 chars)

    Spacious 3-bedroom, 2-bathroom tucked away on 0.51 acres with shed and fenced in dog run. Inside features two living rooms, a full utility room, dining area, and central a/c and heating. This property is currently tenant occupied but will be vacant on 9/31/24.

13. 2024-08-29
    listed $169,900 Active 260-char remark

    Show marketing remark (260 chars)

    Spacious 3-bedroom, 2-bathroom tucked away on 0.51 acres with shed and fenced in dog run. Inside features two living rooms, a full utility room, dining area, and central a/c and heating. This property is currently tenant occupied but will be vacant on 9/31/24.

14. 2022-11-01
    historical
15. 2022-09-08
    price $162,000
16. 2022-07-15
    price $170,000
17. 2022-06-29
    listed $184,900 Active
18. 2007-12-21
    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: $1,646 · $137/mo
• Projected year-2 tax: $1,646 · $137/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 9/10 Extreme 7 d/yr ≥107°F today · 20 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 · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,191
• − Mortgage interest: −$8,962
• − Property taxes: −$1,646
• − Insurance: −$800
• − Repairs & maintenance: −$1,535
• − Management: −$1,535
• − Depreciation: −$4,655
• Taxable income: $57
• Est. tax owed @ 24.0%: −$14
• After-tax cash flow: $2,632/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 — Hastings

• Score: 71/100
• State rank: #410
• US rank: #7309

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Putnam County · 25,645 people
• Metro: Palatka, FL
• Population (ZIP): 25,645
• Household income: $47,796
• Rent vs Own: 32.9% rent · 67.1% own
• Severe rent burden: 806.0

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: Majority White (62%)
• Race & ethnicity: White 62% Black 28% Hispanic / Latino 7% Two or more races 5%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3% Cuban 2%
• Common ancestry: Lithuanian 2% Hispanic 1% Slovak 1%
• Foreign-born: 3% · Canada
• Languages at home: 94% English-only · Spanish 5% French/Haitian/Cajun 1%

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: ▼ -87.10%
• Current HPI: 223.1966
• Rent YoY: ▲ 2.23%
• Metro: Palatka, 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

+788.9% since first listed

18 events — show timeline

• 2026-05-13 Contingent — realMLS
• 2026-04-14 Listed $160,000 realMLS
• 2026-03-17 Listing Removed — realMLS
• 2026-03-02 Relisted — realMLS
• 2026-02-28 Listing Removed — realMLS
• 2025-09-10 Relisted — realMLS
• 2025-09-06 Contingent — realMLS
• 2025-08-27 Listed $155,000 realMLS
• 2024-12-20 Rental Removed $1,350 NEFLMLS
• 2024-11-19 Price Changed $1,350 NEFLMLS
• 2024-10-29 Listed for Rent $1,500 NEFLMLS
• 2024-10-28 Listing Removed — realMLS
• 2024-08-29 Listed $169,900 realMLS
• 2022-11-01 Listing Removed — realMLS
• 2022-09-08 Price Changed $162,000 realMLS
• 2022-07-15 Price Changed $170,000 realMLS
• 2022-06-29 Listed $184,900 realMLS
• 2007-12-21 Sold (Public Records) $18,000 Public Records

Property tax history

+6.3%/yr

Latest (2025): $1,646 · +11.5% YoY. Source: county tax records.