214 Avenue K SW · Moore Haven, FL 33471

$128,000

3 bd · 1.0 ba · 1,492 sqft · SingleFamily public records · 48 Days on market

Built 1940 588 sqft lot $86/sqft · 34% below area Est $191k · 33% under

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Why this score? — see what drove the B- 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 +23.3/30.0
• ARV discount +15.0/15.0
• DSCR +7.5/10.0
• 1% rule +6.7/10.0
• 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

This adorable Old Florida-style cottage is nestled in a peaceful, small-town setting and is bursting with character and potential. Offering 3 bedrooms and 1 bathroom, perfect for those looking for a cozy retreat with room to make it their own. With its classic Florida charm — think inviting layout, timeless details, and that warm, nostalgic feel — this home just needs a few personal touches to truly shine. Whether you envision fresh paint, updated finishes, or creative updates to enhance its vintage appeal, the possibilities are endless. Located in a quiet, friendly town where everyone knows your name, this property gives you the perfect blend of small-town living and endless op

Key facts

• Parking
• Built 1940
• Listed 47 days

Property features AI

Finance

• Other: Pets allowed
• HOA & community: Non-gated community; No association fee

Exterior

• Parking: Detached carport (1 covered space)
• Utilities: Public water; Public sewer; Cable available
• Home design: 2-story property; Faces north; Resale
• Construction: Wood siding and wood frame construction; Shingle roof
• Exterior features: Deck; Rectangular lot; South exposure

Interior

• Flooring: Wood floors
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Single-hung windows; Unfurnished; Other interior features

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $128k.

Deal economics

• At list price, monthly cash flow is $235 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $128k).
• Recommended offer: $124k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.5% 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; 1 comparable units currently listed for rent nearby; 65 units permitted in Glades County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $217 of equity ($885 loan paydown + $-668 appreciation (-0.5% local appreciation)).
• Glades County population projected at +15% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-0.5% appreciation + 3.0% rent growth), your $36k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 48 days — a 3% lower offer ($124k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $21k; list at $128k implies a 510% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $124,160 (3.0% below list)

Questions for the listing agent

1. It's been on market 48 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1940 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 1.17% ✓
• Cap rate: 8.50%
• Cash-on-cash: 7.88%
• DSCR: 1.35
• GRM: 7.1

CMA / ARV

• ARV (median comp): $191,414
• List price: $128,000
• Delta: -33.13%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 5.0%
• Equity multiple: 1.23×
• Total profit: $8,199
• Equity at exit: $33,864

10-year hold

• IRR: 10.8%
• Equity multiple: 2.12×
• Total profit: $40,056
• Equity at exit: $38,156

Cash invested: $35,840 (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: 7.1×

Monthly cashflow live

• Estimated rent: $1,500 medium
• Mortgage (P&I): −$671
• Tax from tax record: −$225 /mo · $2,702/yr
• Insurance: −$53
• HOA: −$0
• Vacancy / Maint / Mgmt: −$315
• Net cashflow: $235

Break-even live

Break-even rent $1,202

Max offer price $128,000

Occupancy floor 79%

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: $32,000
• Closing costs: $3,840
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1154 Gamble St Moore Haven, FL	3.0	2.0	1152	$1,500	$1.30	10d	1	0.85mi

Listing history 18 events

1. 2026-06-19
   days on market $128,000 Active 48 DOM
2. 2026-06-18
   days on market $128,000 Active 47 DOM
3. 2026-06-17
   days on market $128,000 Active 46 DOM
4. 2026-06-16
   days on market $128,000 Active 45 DOM
5. 2026-06-15
   days on market $128,000 Active 44 DOM
6. 2026-06-14
   pricedays on market $128,000 Active 42 DOM
7. 2026-06-12
   days on market $150,000 Active 41 DOM
8. 2026-06-09
   days on market $150,000 Active 38 DOM
9. 2026-06-08
   days on market $150,000 Active 37 DOM
10. 2026-06-07
    days on market $150,000 Active 36 DOM
11. 2026-06-07
    days on market $150,000 Active 35 DOM
12. 2026-06-03
    days on market $150,000 Active 32 DOM
13. 2026-06-02
    days on market $150,000 Active 31 DOM
14. 2026-06-01
    days on market $150,000 Active 30 DOM
15. 2026-05-31
    days on market $150,000 Active 29 DOM
16. 2026-05-30
    days on market $150,000 Active 28 DOM
17. 2026-05-02
    listed $150,000 Active 811-char remark
18. 1976-06-01
    soldstatus $21,000

ⓘ 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: $2,702 · $225/mo
• Projected year-2 tax: $2,702 · $225/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 (shaded) · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥108°F today · 25 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: $18,000
• − Mortgage interest: −$7,170
• − Property taxes: −$2,702
• − Insurance: −$640
• − Repairs & maintenance: −$1,440
• − Management: −$1,440
• − Depreciation: −$3,724
• Taxable income: $885
• Est. tax owed @ 24.0%: −$212
• After-tax cash flow: $2,611/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

• Census place: Moore Haven, FL
• 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

+509.5% since first listed

3 events — show timeline

• 2026-06-13 Price Changed $128,000 FORTMLS
• 2026-05-02 Listed $150,000 FORTMLS
• 1976-06-01 Sold (Public Records) $21,000 Public Records

Property tax history

+74.3%/yr

Latest (2025): $2,702 · +9.3% YoY. Source: county tax records.