7941 E Northlake Dr · Floral City, FL 34436

$145,000

3 bd · 2.0 ba · 1,056 sqft · Manufactured public records · 25 Days on market

Built 1991 0.38 ac lot Est $101k · 43% over

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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 +29.0/30.0
• DSCR +10.0/10.0
• 1% rule +7.8/10.0
• Schools +4.1/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Don’t wait on this one! A listing at 125k doesn’t come around often…. and this one definitely won’t last. 2 bedrooms, 2 bathrooms double wide manufactured home. Originally built in 1991. Square footage 1056. Could be considered a bit of a handyman special, but really the potential is here. Open floor plan living and dining area, with a huge kitchen. Covered front porch and covered back deck. Metal roof. Fenced yard on a corner lot in Floral City. Vacant and easy to show but by appointment only. Proof of funds REQUIRED to set up showing. Most likely a cash only sale but could potentially go conventional. In-person and virtual showing available. Don’t wait. Call today. NO FHA or VA financing available.

Key facts

• Covered porch
• Bike trail
• Metal roof

Tags

• CORNER LOT
• METAL ROOF
• COVERED PORCH
• BIKE TRAIL

Property features AI

Exterior

• Parking: Other parking
• Utilities: Public water; Sewer connected (septic tank); Electricity connected; Cable connected; Water connected
• Home design: Residential mobile home (double wide); Manufactured home / single-family use
• Construction: Vinyl siding; Metal roof
• Exterior features: Front porch; Chain link fencing; Workshop; Has view; Corner lot with a few trees; Paved road frontage on a county road

Interior

• Kitchen: Electric oven; Electric range; Refrigerator
• Flooring: Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central air; Wall/window unit(s); No heating system listed
• Interior features: Pantry; Partially furnished
• Laundry & utility: Washer hookup; Electric dryer hookup; Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $145k.

Deal economics

• At list price, monthly cash flow is $72 ($860/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $145k).
• Recommended offer: $143k (1.5% below list) — sets the bar for market timing.
• Cap rate 10.4% vs local median 3.6% in Floral City — 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 67/100 on livability (#573 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B+; Watch: health & safety C-, amenities F, commute F.
• Citrus (rural): math 49% / reading 50% proficiency, ranked #44 of 73 in FL (top 60%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Floral City Elementary School (math 47% / reading 52%, grade D, #1,088 of 2,144 statewide, top 53%, 389 students, 71% FRL); Inverness Middle School (math 52% / reading 48%, grade C, #254 of 571 statewide, top 45%, 1,017 students, 60% FRL); Citrus High School (math 34% / reading 51%, grade F, #264 of 667 statewide, top 41%, 1,503 students, 54% FRL) — zoned schools at 62% FRL track the district average.
• Market conditions: 145 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 2,443 units permitted in Citrus County in 2024 (0 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.
• Citrus County population projected to shrink 10% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 25 days — a 2% lower offer ($143k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 17y 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 $115k; 26% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $142,825 (1.5% below list)

Questions for the listing agent

1. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are D-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: 1.28% ✓
• Cap rate: 10.42%
• Cash-on-cash: 14.72%
• DSCR: 1.66
• GRM: 6.5

CMA / ARV

• ARV (on-the-fly): $101,376
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
9436 S Starfish Ave	0.21mi	3/2.0	1,090 (+3%)	6mo	$140,000	$128	80
9061 S Starfish Ave	0.35mi	2/2.0 (-1)	1,144 (+8%)	5mo	$83,000	$73	61
7930 E Southlake Dr	0.15mi	2/1.0 (-1)	956 (-10%)	9mo	$50,000	$52	61
8111 E Emerald Ln	0.29mi	2/2.0 (-1)	984 (-7%)	19mo	$94,000	$96	54

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -12.7%
• Equity multiple: 0.54×
• Total profit: $-18,663
• Equity at exit: $21,620

10-year hold

• IRR: -3.4%
• Equity multiple: 0.77×
• Total profit: $-9,277
• 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 34436

• Home prices YoY: -3.1%
• Active inventory: 145
• Price-to-rent: 6.5×

Monthly cashflow live

• Estimated rent: $1,859 medium
• Mortgage (P&I): −$760
• Tax from tax record: −$149 /mo · $1,793/yr
• Insurance: −$60
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$390
• Net cashflow: $72

Break-even live

Break-even rent $1,768

Max offer price $145,000

Occupancy floor 91%

Sensitivity live

Price	-10% $154	-5% $113	+0% $72	+5% $31	+10% $-10
Rent	-10% $-75	-5% $-2	+0% $72	+5% $145	+10% $218
Rate	-1.0pp $145	-0.5pp $109	base $72	+0.5pp $34	+1.0pp $-4

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: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
9789 S Clearsprings Dr Floral City, FL	3.0	2.0	1334	$1,800	$1.35	6d	1	0.60mi
8481 S Great Oaks Dr Floral City, FL	3.0	2.0	1327	$1,950	$1.47	23d	1	0.94mi

Listing history 31 events

1. 2026-06-21
   days on market $145,000 Active 25 DOM
2. 2026-06-19
   days on market $145,000 Active 23 DOM
3. 2026-06-18
   days on market $145,000 Active 22 DOM
4. 2026-06-17
   days on market $145,000 Active 21 DOM
5. 2026-06-16
   days on market $145,000 Active 20 DOM
6. 2026-06-15
   days on market $145,000 Active 19 DOM
7. 2026-06-14
   days on market $145,000 Active 17 DOM
8. 2026-06-13
   days on market $145,000 Active 16 DOM
9. 2026-06-10
   days on market $145,000 Active 14 DOM
10. 2026-06-09
    days on market $145,000 Active 13 DOM
11. 2026-06-08
    days on market $145,000 Active 12 DOM
12. 2026-06-07
    days on market $145,000 Active 11 DOM
13. 2026-06-03
    days on market $145,000 Active 7 DOM
14. 2026-06-02
    days on market $145,000 Active 6 DOM
15. 2026-06-01
    days on market $145,000 Active 5 DOM
16. 2026-05-31
    days on market $145,000 Active 4 DOM
17. 2026-05-30
    days on market $145,000 Active 3 DOM
18. 2026-05-27
    listed $145,000 Active
19. 2022-08-19
    soldstatus $115,000
20. 2022-08-12
    soldstatus $115,000 Closed 741-char remark

    Show marketing remark (741 chars)

    Don’t wait on this one! A listing at 125k doesn’t come around often…. and this one definitely won’t last. 2 bedrooms, 2 bathrooms double wide manufactured home. Originally built in 1991. Square footage 1056. Could be considered a bit of a handyman special, but really the potential is here. Open floor plan living and dining area, with a huge kitchen. Covered front porch and covered back deck. Metal roof. Fenced yard on a corner lot in Floral City. Vacant and easy to show but by appointment only. Proof of funds REQUIRED to set up showing. Most likely a cash only sale but could potentially go conventional. In-person and virtual showing available. Don’t wait. Call today. NO FHA or VA financing available.

21. 2022-07-30
    status Pending 741-char remark

    Show marketing remark (741 chars)

    Don’t wait on this one! A listing at 125k doesn’t come around often…. and this one definitely won’t last. 2 bedrooms, 2 bathrooms double wide manufactured home. Originally built in 1991. Square footage 1056. Could be considered a bit of a handyman special, but really the potential is here. Open floor plan living and dining area, with a huge kitchen. Covered front porch and covered back deck. Metal roof. Fenced yard on a corner lot in Floral City. Vacant and easy to show but by appointment only. Proof of funds REQUIRED to set up showing. Most likely a cash only sale but could potentially go conventional. In-person and virtual showing available. Don’t wait. Call today. NO FHA or VA financing available.

22. 2022-07-11
    status Active 741-char remark

    Show marketing remark (741 chars)

    Don’t wait on this one! A listing at 125k doesn’t come around often…. and this one definitely won’t last. 2 bedrooms, 2 bathrooms double wide manufactured home. Originally built in 1991. Square footage 1056. Could be considered a bit of a handyman special, but really the potential is here. Open floor plan living and dining area, with a huge kitchen. Covered front porch and covered back deck. Metal roof. Fenced yard on a corner lot in Floral City. Vacant and easy to show but by appointment only. Proof of funds REQUIRED to set up showing. Most likely a cash only sale but could potentially go conventional. In-person and virtual showing available. Don’t wait. Call today. NO FHA or VA financing available.

23. 2022-05-23
    status Pending 741-char remark

    Show marketing remark (741 chars)

    Don’t wait on this one! A listing at 125k doesn’t come around often…. and this one definitely won’t last. 2 bedrooms, 2 bathrooms double wide manufactured home. Originally built in 1991. Square footage 1056. Could be considered a bit of a handyman special, but really the potential is here. Open floor plan living and dining area, with a huge kitchen. Covered front porch and covered back deck. Metal roof. Fenced yard on a corner lot in Floral City. Vacant and easy to show but by appointment only. Proof of funds REQUIRED to set up showing. Most likely a cash only sale but could potentially go conventional. In-person and virtual showing available. Don’t wait. Call today. NO FHA or VA financing available.

24. 2022-05-14
    listed $124,900 Active 741-char remark

    Show marketing remark (741 chars)

    Don’t wait on this one! A listing at 125k doesn’t come around often…. and this one definitely won’t last. 2 bedrooms, 2 bathrooms double wide manufactured home. Originally built in 1991. Square footage 1056. Could be considered a bit of a handyman special, but really the potential is here. Open floor plan living and dining area, with a huge kitchen. Covered front porch and covered back deck. Metal roof. Fenced yard on a corner lot in Floral City. Vacant and easy to show but by appointment only. Proof of funds REQUIRED to set up showing. Most likely a cash only sale but could potentially go conventional. In-person and virtual showing available. Don’t wait. Call today. NO FHA or VA financing available.

25. 2017-08-14
    soldstatus $35,000 351-char remark

    Show marketing remark (351 chars)

    2/2 Double wide with roof over on beautiful large corner lot in Pine Lake, walking distance to Floral City Park, handicap accessible aluminum wheelchair ramp. 8' X 14' front porch, Chain link fencing around entire lot. Sub-floor has been replaced and flooring installed. Shed. In the process of cleaning and fixing any remaining items. Window unit A/C

26. 2017-06-26
    listed $43,900 351-char remark

    Show marketing remark (351 chars)

    2/2 Double wide with roof over on beautiful large corner lot in Pine Lake, walking distance to Floral City Park, handicap accessible aluminum wheelchair ramp. 8' X 14' front porch, Chain link fencing around entire lot. Sub-floor has been replaced and flooring installed. Shed. In the process of cleaning and fixing any remaining items. Window unit A/C

27. 2010-09-15
    soldstatus $29,900
28. 2010-09-03
    soldstatus $29,900
29. 2009-11-30
    listed $29,900
30. 1990-07-01
    soldstatus $6,600
31. 1983-04-01
    soldstatus $10,000

ⓘ 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: $1,793 · $149/mo
• Projected year-2 tax: $1,793 · $149/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 8/10 Severe FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥108°F today · 23 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,305
• − Mortgage interest: −$8,122
• − Property taxes: −$1,793
• − Insurance: −$5,844
• − Repairs & maintenance: −$1,784
• − Management: −$1,784
• − Depreciation: −$4,218
• Taxable loss: −$1,241
• Est. tax savings @ 24.0%: +$298
• After-tax cash flow: $1,157/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: Citrus
• NCES district ID: 1200270
• Math proficiency: 49% ▼ -10.00%
• Reading proficiency: 50% ▼ -6.00%
• Median HH income: $38,618
• Composite: 41.28/100
• National rank: #3519
• State rank: #44 of 73 in FL

Livability — Floral City

• Score: 67/100
• State rank: #573
• US rank: #10898

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Floral City, FL
• City population: 8,170
• Population (ZIP): 8,170

Population outlook (Citrus County) Hauer SSP2

• Today (2025): 138,622 people
• By 2030: 136,886 · -1.3%
• By 2040: 132,009 · -4.8%
• By 2050: 125,196 · -9.7%
• By 2075: 108,570 · -21.7%
• By 2100: 84,454 · -39.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (86%)
• Race & ethnicity: White 86% Two or more races 5% Hispanic / Latino 4% Black 4% Native American 2%
• Common ancestry: Lithuanian 4% Italian 4% Iranian 1%
• Foreign-born: 5% · Canada
• Languages at home: 93% English-only · Spanish 5% French/Haitian/Cajun 1%

Political lean MEDSL · Citrus

• 2024 margin: Solid R (+45.9) · D 26.8% · R 72.6%
• 2008→2024 swing: -29.8pp toward R · 2008: -16.1pp · 2024: -45.9pp
• All cycles: 2024: R+45.9 2020: R+41.0 2016: R+39.7 2012: R+21.9 2008: R+16.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -12.20%
• Current HPI: 374.4353
• 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

+1350.0% since first listed

14 events — show timeline

• 2026-05-27 Listed $145,000 HCAR
• 2022-08-19 Sold (Public Records) $115,000 Public Records
• 2022-08-12 Sold (MLS) $115,000 Stellar MLS as Distributed by MLS Grid
• 2022-07-30 Pending — Stellar MLS as Distributed by MLS Grid
• 2022-07-11 Relisted — Stellar MLS as Distributed by MLS Grid
• 2022-05-23 Pending — Stellar MLS as Distributed by MLS Grid
• 2022-05-14 Listed $124,900 Stellar MLS as Distributed by MLS Grid
• 2017-08-14 Sold (MLS) $35,000 RACC
• 2017-06-26 Listed $43,900 RACC
• 2010-09-15 Sold (Public Records) $29,900 Public Records
• 2010-09-03 Sold (MLS) $29,900 RACC
• 2009-11-30 Listed $29,900 RACC
• 1990-07-01 Sold (Public Records) $6,600 Public Records
• 1983-04-01 Sold (Public Records) $10,000 Public Records

Property tax history

+11.7%/yr

Latest (2025): $1,793 · +11.0% YoY. Source: county tax records.