3075 SE Cr-405 · Mayo, FL 32066

$188,000

4 bd · 2.0 ba · 1,568 sqft · Manufactured public records · 274 Days on market

Built 1982 2.71 ac lot ↓ 15% since listing

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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 +13.8/30.0
• Appreciation +8.4/10.0
• ARV discount +7.5/15.0
• Schools +5.5/10.0
• DSCR +4.2/10.0
• Livability +3.2/5.0
• 1% rule +2.5/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Charming Country Living with Modern Upgrades! Welcome to 3075 SE CR 405, a 4-bedroom, 2-bathroom fully renovated home with a motivaed seller, nestled on a spacious 2.71-acre lot in the serene countryside of Mayo, FL. This charming 1,568 sq ft property offers a perfect blend of rustic charm and modern conveniences, making it an ideal retreat for those seeking peace, comfort, and a touch of elegance. As you step inside, you'll immediately notice the warmth and beauty of the all-wood interior, featuring exquisite wood doors and walls that create a cozy and inviting atmosphere. The home's recent upgrades include new plumbing and electrical systems, ensuring that everything is up-to-date and efficient, providing you with peace of mind and hassle-free living. Additionally, all new Anderson windows have been installed throughout the home, enhancing energy efficiency while allowing an abundance of natural light to fill the rooms. The exterior of the home is equally impressive, boasting durable metal siding and a metal roof. These features not only add to the home's aesthetic appeal but also offer long-lasting durability and low maintenance. Whether you prefer to relax indoors or enjoy the great outdoors, this property has it all. The back deck area is perfect for unwinding after a long day, hosting barbecues, or simply soaking in the tranquil surroundings. One of the unique aspects of this property is the optional furnishings. The furniture can stay, making this home move-in ready and saving you the time and effort of furnishing it yourself. Alternatively, if you have a vision for personalizing the space with your own décor, the flexibility is yours. 3075 SE CR 405 offers a rare opportunity to experience the best of country living with the convenience of modern amenities. With four spacious bedrooms and two well-appointed bathrooms, this home provides ample space for family living or entertaining guests. Whether you're looking for a permanent residence or a weekend getaway, this charming home is a place you'll love to call your own. Don't miss out on the chance to own this delightful property.

Key facts

• 2.71 acres
• Paved road
• Completely remodeled

Tags

• 2.71 ACRES
• PAVED ROAD
• NATURAL WOODS
• GRANDDADDY LIVE OAK TREES
• COMPLETELY REMODELED

Property features AI

Finance

• Other: Lot approximately 2.71 acres; Zoning: A-3

Exterior

• Parking: 3-car garage
• Utilities: Private well water
• Home design: Manufactured home; Residential property
• Construction: Frame construction; Metal roof
• Exterior features: Patio

Interior

• Kitchen: Electric cooktop; Refrigerator; Microwave
• Flooring: Laminate flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Electric cooktop; Refrigerator; Microwave

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath manufactured listed at $188k.

Deal economics

• At list price, monthly cash flow is $17 ($207/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 $141k (25.0% below list).
• Recommended offer: $141k (25.0% below list) — sets the bar for 1% rule.
• Cap rate 6.4% vs local median 2.0% in Mayo — 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 63/100 on livability (#740 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, crime A; Watch: amenities F, commute F, employment F.
• Lafayette (rural): math 73% / reading 57% proficiency, ranked #6 of 73 in FL (top 8%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Lafayette Elementary School (math 78% / reading 58%, grade B+, #425 of 2,144 statewide, top 20%, 515 students, 63% FRL).
• Market conditions: 78 active listings in the ZIP; 42 units permitted in Lafayette County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $14k of equity ($1k loan paydown + $13k appreciation (6.9% local appreciation)).
• At projected returns (6.9% appreciation + 3.0% rent growth), your $53k cash investment doubles in ~4 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$35k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 274 days — a 12% lower offer ($165k) is reasonable based on typical stale-listing flexibility.
• 5 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; severe 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 $141,060 (25.0% below list)

Questions for the listing agent

1. It's been on market 274 days. Have you received any prior offers? Is the seller open to a 25% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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 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: 0.75% ✗
• Cap rate: 6.40%
• Cash-on-cash: 0.39%
• DSCR: 1.02
• GRM: 11.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

6.89% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 17.7%
• Equity multiple: 2.24×
• Total profit: $65,333
• Equity at exit: $128,883

10-year hold

• IRR: 17.1%
• Equity multiple: 4.59×
• Total profit: $189,010
• Equity at exit: $243,567

Cash invested: $52,640 (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 32066

• Home prices YoY: 2.3%
• Active inventory: 78
• Price-to-rent: 11.1×

Monthly cashflow live

• Estimated rent: $1,411 medium
• Mortgage (P&I): −$986
• Tax from tax record: −$33 /mo · $395/yr
• Insurance: −$78
• HOA: −$0
• Vacancy / Maint / Mgmt: −$296
• Net cashflow: $17

Break-even live

Break-even rent $1,389

Max offer price $188,000

Occupancy floor 94%

Sensitivity live

Price	-10% $124	-5% $70	+0% $17	+5% $-250	+10% $-315
Rent	-10% $-94	-5% $-38	+0% $17	+5% $73	+10% $129
Rate	-1.0pp $112	-0.5pp $65	base $17	+0.5pp $-31	+1.0pp $-81

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: $47,000
• Closing costs: $5,640
• Reserves months: —
• Total cash needed: —

Listing history 27 events

1. 2026-06-21
   days on market $188,000 Active 274 DOM
2. 2026-06-21
   days on market $188,000 Active 273 DOM
3. 2026-06-18
   days on market $188,000 Active 271 DOM
4. 2026-06-17
   days on market $188,000 Active 270 DOM
5. 2026-06-16
   days on market $188,000 Active 269 DOM
6. 2026-06-15
   days on market $188,000 Active 268 DOM
7. 2026-06-13
   days on market $188,000 Active 266 DOM
8. 2026-06-12
   days on market $188,000 Active 265 DOM
9. 2026-06-09
   days on market $188,000 Active 262 DOM
10. 2026-06-08
    days on market $188,000 Active 261 DOM
11. 2026-06-07
    days on market $188,000 Active 260 DOM
12. 2026-06-07
    days on market $188,000 Active 259 DOM
13. 2026-06-04
    days on market $188,000 Active 256 DOM
14. 2026-06-02
    days on market $188,000 Active 255 DOM
15. 2026-06-01
    days on market $188,000 Active 254 DOM
16. 2026-05-31
    days on market $188,000 Active 253 DOM
17. 2026-05-31
    days on market $188,000 Active 252 DOM
18. 2026-03-24
    status Active
19. 2026-01-12
    price $188,000
20. 2025-09-17
    listed $195,000 Active
21. 2024-10-09
    soldstatus $185,000
22. 2024-10-03
    soldstatus $195,000 Closed 2140-char remark

    Show marketing remark (2140 chars)

    Charming Country Living with Modern Upgrades! Welcome to 3075 SE CR 405, a 4-bedroom, 2-bathroom fully renovated home with a motivaed seller, nestled on a spacious 2.71-acre lot in the serene countryside of Mayo, FL. This charming 1,568 sq ft property offers a perfect blend of rustic charm and modern conveniences, making it an ideal retreat for those seeking peace, comfort, and a touch of elegance. As you step inside, you'll immediately notice the warmth and beauty of the all-wood interior, featuring exquisite wood doors and walls that create a cozy and inviting atmosphere. The home's recent upgrades include new plumbing and electrical systems, ensuring that everything is up-to-date and efficient, providing you with peace of mind and hassle-free living. Additionally, all new Anderson windows have been installed throughout the home, enhancing energy efficiency while allowing an abundance of natural light to fill the rooms. The exterior of the home is equally impressive, boasting durable metal siding and a metal roof. These features not only add to the home's aesthetic appeal but also offer long-lasting durability and low maintenance. Whether you prefer to relax indoors or enjoy the great outdoors, this property has it all. The back deck area is perfect for unwinding after a long day, hosting barbecues, or simply soaking in the tranquil surroundings. One of the unique aspects of this property is the optional furnishings. The furniture can stay, making this home move-in ready and saving you the time and effort of furnishing it yourself. Alternatively, if you have a vision for personalizing the space with your own décor, the flexibility is yours. 3075 SE CR 405 offers a rare opportunity to experience the best of country living with the convenience of modern amenities. With four spacious bedrooms and two well-appointed bathrooms, this home provides ample space for family living or entertaining guests. Whether you're looking for a permanent residence or a weekend getaway, this charming home is a place you'll love to call your own. Don't miss out on the chance to own this delightful property.

23. 2024-09-05
    historical Active Under Contract 2140-char remark

    Show marketing remark (2140 chars)

    Charming Country Living with Modern Upgrades! Welcome to 3075 SE CR 405, a 4-bedroom, 2-bathroom fully renovated home with a motivaed seller, nestled on a spacious 2.71-acre lot in the serene countryside of Mayo, FL. This charming 1,568 sq ft property offers a perfect blend of rustic charm and modern conveniences, making it an ideal retreat for those seeking peace, comfort, and a touch of elegance. As you step inside, you'll immediately notice the warmth and beauty of the all-wood interior, featuring exquisite wood doors and walls that create a cozy and inviting atmosphere. The home's recent upgrades include new plumbing and electrical systems, ensuring that everything is up-to-date and efficient, providing you with peace of mind and hassle-free living. Additionally, all new Anderson windows have been installed throughout the home, enhancing energy efficiency while allowing an abundance of natural light to fill the rooms. The exterior of the home is equally impressive, boasting durable metal siding and a metal roof. These features not only add to the home's aesthetic appeal but also offer long-lasting durability and low maintenance. Whether you prefer to relax indoors or enjoy the great outdoors, this property has it all. The back deck area is perfect for unwinding after a long day, hosting barbecues, or simply soaking in the tranquil surroundings. One of the unique aspects of this property is the optional furnishings. The furniture can stay, making this home move-in ready and saving you the time and effort of furnishing it yourself. Alternatively, if you have a vision for personalizing the space with your own décor, the flexibility is yours. 3075 SE CR 405 offers a rare opportunity to experience the best of country living with the convenience of modern amenities. With four spacious bedrooms and two well-appointed bathrooms, this home provides ample space for family living or entertaining guests. Whether you're looking for a permanent residence or a weekend getaway, this charming home is a place you'll love to call your own. Don't miss out on the chance to own this delightful property.

24. 2024-08-21
    price $185,000 2140-char remark

    Show marketing remark (2140 chars)

    Charming Country Living with Modern Upgrades! Welcome to 3075 SE CR 405, a 4-bedroom, 2-bathroom fully renovated home with a motivaed seller, nestled on a spacious 2.71-acre lot in the serene countryside of Mayo, FL. This charming 1,568 sq ft property offers a perfect blend of rustic charm and modern conveniences, making it an ideal retreat for those seeking peace, comfort, and a touch of elegance. As you step inside, you'll immediately notice the warmth and beauty of the all-wood interior, featuring exquisite wood doors and walls that create a cozy and inviting atmosphere. The home's recent upgrades include new plumbing and electrical systems, ensuring that everything is up-to-date and efficient, providing you with peace of mind and hassle-free living. Additionally, all new Anderson windows have been installed throughout the home, enhancing energy efficiency while allowing an abundance of natural light to fill the rooms. The exterior of the home is equally impressive, boasting durable metal siding and a metal roof. These features not only add to the home's aesthetic appeal but also offer long-lasting durability and low maintenance. Whether you prefer to relax indoors or enjoy the great outdoors, this property has it all. The back deck area is perfect for unwinding after a long day, hosting barbecues, or simply soaking in the tranquil surroundings. One of the unique aspects of this property is the optional furnishings. The furniture can stay, making this home move-in ready and saving you the time and effort of furnishing it yourself. Alternatively, if you have a vision for personalizing the space with your own décor, the flexibility is yours. 3075 SE CR 405 offers a rare opportunity to experience the best of country living with the convenience of modern amenities. With four spacious bedrooms and two well-appointed bathrooms, this home provides ample space for family living or entertaining guests. Whether you're looking for a permanent residence or a weekend getaway, this charming home is a place you'll love to call your own. Don't miss out on the chance to own this delightful property.

25. 2024-07-31
    listed $195,000 Active 2140-char remark

    Show marketing remark (2140 chars)

    Charming Country Living with Modern Upgrades! Welcome to 3075 SE CR 405, a 4-bedroom, 2-bathroom fully renovated home with a motivaed seller, nestled on a spacious 2.71-acre lot in the serene countryside of Mayo, FL. This charming 1,568 sq ft property offers a perfect blend of rustic charm and modern conveniences, making it an ideal retreat for those seeking peace, comfort, and a touch of elegance. As you step inside, you'll immediately notice the warmth and beauty of the all-wood interior, featuring exquisite wood doors and walls that create a cozy and inviting atmosphere. The home's recent upgrades include new plumbing and electrical systems, ensuring that everything is up-to-date and efficient, providing you with peace of mind and hassle-free living. Additionally, all new Anderson windows have been installed throughout the home, enhancing energy efficiency while allowing an abundance of natural light to fill the rooms. The exterior of the home is equally impressive, boasting durable metal siding and a metal roof. These features not only add to the home's aesthetic appeal but also offer long-lasting durability and low maintenance. Whether you prefer to relax indoors or enjoy the great outdoors, this property has it all. The back deck area is perfect for unwinding after a long day, hosting barbecues, or simply soaking in the tranquil surroundings. One of the unique aspects of this property is the optional furnishings. The furniture can stay, making this home move-in ready and saving you the time and effort of furnishing it yourself. Alternatively, if you have a vision for personalizing the space with your own décor, the flexibility is yours. 3075 SE CR 405 offers a rare opportunity to experience the best of country living with the convenience of modern amenities. With four spacious bedrooms and two well-appointed bathrooms, this home provides ample space for family living or entertaining guests. Whether you're looking for a permanent residence or a weekend getaway, this charming home is a place you'll love to call your own. Don't miss out on the chance to own this delightful property.

26. 2024-04-29
    listed $195,000 Active
27. 2024-01-12
    listed $220,000 Active

ⓘ 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: $395 · $33/mo
• Projected year-2 tax: $1,560 · $130/mo
• Expected delta: +$1,166/yr (+$97/mo · 295.3%)

ⓘ 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 8/10 Severe
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°F today · 20 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,927
• − Mortgage interest: −$10,531
• − Property taxes: −$395
• − Insurance: −$940
• − Repairs & maintenance: −$1,354
• − Management: −$1,354
• − Depreciation: −$5,469
• Taxable loss: −$3,116
• Est. tax savings @ 24.0%: +$748
• After-tax cash flow: $955/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: Lafayette
• NCES district ID: 1201020
• Math proficiency: 73% ▲ 2.00%
• Reading proficiency: 57% ▼ -1.00%
• Median HH income: $42,317
• Composite: 54.57/100
• National rank: #1341
• State rank: #6 of 73 in FL

Livability — Mayo

• Score: 63/100
• State rank: #740
• US rank: #15981

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 6,881

Population outlook (Lafayette County) Hauer SSP2

• Today (2025): 8,368 people
• By 2030: 8,360 · -0.1%
• By 2040: 8,367 · +-0.0%
• By 2050: 8,285 · -1.0%
• By 2075: 7,623 · -8.9%
• By 2100: 6,186 · -26.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (69%)
• Race & ethnicity: White 69% Black 20% Hispanic / Latino 10% Two or more races 4%
• Hispanic origin (detail): Mexican 6% Cuban 2%
• Common ancestry: Iranian 1% Slovak 1% Hispanic 1%
• Foreign-born: 5% · Canada, Jamaica
• Languages at home: 92% English-only · Spanish 8%

Political lean MEDSL · Lafayette

• 2024 margin: Solid R (+76.0) · D 11.7% · R 87.8%
• 2008→2024 swing: -15.4pp toward R · 2008: -60.6pp · 2024: -76.0pp
• All cycles: 2024: R+76.0 2020: R+71.6 2016: R+67.5 2012: R+58.3 2008: R+60.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 6.89%
• Current HPI: 309.4384
• 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

-14.5% since first listed

10 events — show timeline

• 2026-03-24 Relisted — NFMLS
• 2026-01-12 Price Changed $188,000 NFMLS
• 2025-09-17 Listed $195,000 NFMLS
• 2024-10-09 Sold (Public Records) $185,000 Public Records
• 2024-10-03 Sold (MLS) $195,000 realMLS
• 2024-09-05 Contingent — realMLS
• 2024-08-21 Price Changed $185,000 realMLS
• 2024-07-31 Listed $195,000 realMLS
• 2024-04-29 Listed $195,000 NFMLS
• 2024-01-12 Listed $220,000 NFMLS

Property tax history

+2.8%/yr

Latest (2025): $395 · -47.0% YoY. Source: county tax records.