102 Parkland Dr · Eustis, FL 32726

$98,500

2 bd · 2.0 ba · 888 sqft · Condo public records · 34 Days on market

Built 1972 $243/mo HOA · 17% 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 +23.4/30.0
• 1% rule +9.2/10.0
• DSCR +7.5/10.0
• ARV discount +7.5/15.0
• Schools +4.2/10.0
• Livability +3.7/5.0
• Rent growth +3.3/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Super clean fully furnished home!!! Overlooking a fresh water canal, you can sit and relax in the screened in porch. Large family room and 2 bedrooms and 2 full baths. This home has been immaculately maintained and is move in ready!

Key facts

• Large family room
• Screened-in porch
• Natural light

Tags

• LARGE FAMILY ROOM
• SCREENED-IN PORCH
• FRESHWATER CANAL
• MOVE-IN READY INTERIOR
• NATURAL LIGHT
• FUNCTIONAL FLOORPLAN

Property features AI

Finance

• Other: Furnished; Directions to property available
• Financial info: Total monthly fees shown as $243; Total annual fees shown as $2,916; Lease restrictions apply
• HOA & community: Has HOA — monthly fee of $243; Association amenities: clubhouse, pool, recreation facilities; Association fee includes management, escrow reserves, recreational facilities, sewer, trash, water; Association approval required; Senior community; Pets not allowed; Buyer approval required; Deed restrictions; Community mailbox; Association recreation owned

Exterior

• Parking: Covered driveway; Carport with 2 spaces; Workshop in garage
• Utilities: Electricity connected; Water connected (private and public available); Sewer connected (private and public available)
• Home design: Mobile home (double wide); One level; South facing; Completed condition
• Construction: Metal frame construction; Metal siding; Vinyl siding; Roof over; Slab foundation; Built around 1/4 acre lot (approximate)
• Exterior features: Lighting; Sliding doors; Storage; Shed(s)

Interior

• Kitchen: Range; Range hood; Microwave; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Laminate; Linoleum
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Built-in features; Ceiling fans; Open floorplan; Living room/dining room combo; Window treatments
• Laundry & utility: Washer; Dryer; Inside laundry

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $98k.

Deal economics

• At list price, monthly cash flow is $181 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $98k).
• Recommended offer: $96k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.5% vs local median 4.5% in Eustis — 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 73/100 on livability (#309 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A; Watch: employment C-, schools D+, amenities F.
• Lake (suburban): math 49% / reading 50% proficiency, ranked #37 of 73 in FL (top 51%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+3.2%/yr); 305 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 4,799 units permitted in Lake County in 2024 (814 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $681 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Lake County population projected at +37% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 34 days — a 3% lower offer ($96k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 13y 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 $29k; list at $98k implies a 240% 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; moderate wildfire risk; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $95,545 (3.0% below list)

Questions for the listing agent

1. It's been on market 34 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 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. 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?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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.
8. 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.
9. 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: 1.42% ✓
• Cap rate: 8.50%
• Cash-on-cash: 7.89%
• DSCR: 1.35
• GRM: 5.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.2% rent growth · sell at horizon

5-year hold

• IRR: -3.8%
• Equity multiple: 0.86×
• Total profit: $-3,962
• Equity at exit: $14,687

10-year hold

• IRR: 6.3%
• Equity multiple: 1.48×
• Total profit: $13,267
• Equity at exit: $8,516

Cash invested: $27,580 (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 32726

• Home prices YoY: -21.3%
• Rents YoY: 3.2%
• Active inventory: 305
• Price-to-rent: 5.9×

Monthly cashflow live

• Estimated rent: $1,396 high
• Mortgage (P&I): −$517
• Tax from tax record: −$121 /mo · $1,453/yr
• Insurance: −$41
• HOA: −$243
• Vacancy / Maint / Mgmt: −$293
• Net cashflow: $181

Break-even live

Break-even rent $1,167

Max offer price $98,500

Occupancy floor 82%

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: $24,625
• Closing costs: $2,955
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
77 Wildwood Ln Eustis, FL	2.0	1.0	720	$1,197	$1.66	24d	1	0.04mi
1799 N County Road 19A Eustis, FL	1.0–3.0	1.0–2.0	950	$1,600	$1.68	1d	1	0.30mi
993 Foote St Eustis, FL	2.0	1.0	1000	$1,400	$1.40	24d	1	0.61mi
218 Floral Ave Apt 2 Eustis, FL	1.0	1.0	674	$895	$1.33	22d	1	0.91mi
623 N Bay St Unit 4 Eustis, FL	1.0	1.0	900	$1,150	$1.28	11d	1	0.92mi
204 E Gottsche Ave Eustis, FL	2.0	2.0	1125	$1,525	$1.36	24d	3	1.11mi
100 N Dewey St Eustis, FL	1.0	1.5	997	$1,450	$1.45	24d	1	1.26mi
925 E McDonald Ave Eustis, FL	2.0	2.0	867	$1,550	$1.79	24d	1	1.34mi
1147 E McDonald Ave Unit 201 Eustis, FL	1.0	1.0	720	$1,150	$1.60	24d	1	1.40mi
1651 N Country Rd Eustis, FL	1.0–2.0	1.0–2.0	785	$1,424	$1.81	24d	1	1.41mi

HOA detail condo

• Monthly dues: $243 · $2,916/yr
• Likely covers: water
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 24 events

1. 2026-06-18
   days on market $98,500 Active 34 DOM
2. 2026-06-17
   days on market $98,500 Active 33 DOM
3. 2026-06-16
   days on market $98,500 Active 32 DOM
4. 2026-06-15
   days on market $98,500 Active 31 DOM
5. 2026-06-13
   days on market $98,500 Active 29 DOM
6. 2026-06-09
   days on market $98,500 Active 25 DOM
7. 2026-06-08
   days on market $98,500 Active 24 DOM
8. 2026-06-07
   days on market $98,500 Active 23 DOM
9. 2026-06-04
   days on market $98,500 Active 20 DOM
10. 2026-06-03
    days on market $98,500 Active 19 DOM
11. 2026-06-02
    days on market $98,500 Active 18 DOM
12. 2026-06-01
    days on market $98,500 Active 17 DOM
13. 2026-05-31
    days on market $98,500 Active 16 DOM
14. 2026-05-15
    listed $98,500 Active
15. 2015-04-24
    soldstatus $29,000 Sold 236-char remark

    Show marketing remark (236 chars)

    Super clean fully furnished home!!! Overlooking a fresh water canal, you can sit and relax in the screened in porch. Large family room and 2 bedrooms and 2 full baths. This home has been immaculately maintained and is move in ready!

16. 2015-04-18
    status Pending 236-char remark

    Show marketing remark (236 chars)

    Super clean fully furnished home!!! Overlooking a fresh water canal, you can sit and relax in the screened in porch. Large family room and 2 bedrooms and 2 full baths. This home has been immaculately maintained and is move in ready!

17. 2015-03-02
    price $31,900 236-char remark

    Show marketing remark (236 chars)

    Super clean fully furnished home!!! Overlooking a fresh water canal, you can sit and relax in the screened in porch. Large family room and 2 bedrooms and 2 full baths. This home has been immaculately maintained and is move in ready!

18. 2014-12-19
    price $33,900 236-char remark

    Show marketing remark (236 chars)

    Super clean fully furnished home!!! Overlooking a fresh water canal, you can sit and relax in the screened in porch. Large family room and 2 bedrooms and 2 full baths. This home has been immaculately maintained and is move in ready!

19. 2014-08-21
    price $34,900 236-char remark

    Show marketing remark (236 chars)

    Super clean fully furnished home!!! Overlooking a fresh water canal, you can sit and relax in the screened in porch. Large family room and 2 bedrooms and 2 full baths. This home has been immaculately maintained and is move in ready!

20. 2014-06-19
    listed $36,500 Active 236-char remark

    Show marketing remark (236 chars)

    Super clean fully furnished home!!! Overlooking a fresh water canal, you can sit and relax in the screened in porch. Large family room and 2 bedrooms and 2 full baths. This home has been immaculately maintained and is move in ready!

21. 2014-06-07
    historical
22. 2014-04-24
    status Active
23. 2014-04-15
    status Pending
24. 2013-12-09
    listed $36,900 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: $1,453 · $121/mo
• Projected year-2 tax: $1,453 · $121/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 5/10 Major
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°F today · 19 d/yr by 30 yrs out
• 💨 Wind 9/10 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: $16,754
• − Mortgage interest: −$5,518
• − Property taxes: −$1,453
• − Insurance: −$492
• − Repairs & maintenance: −$1,340
• − Management: −$1,340
• − HOA: −$2,916
• − Depreciation: −$2,865
• Taxable income: $829
• Est. tax owed @ 24.0%: −$199
• After-tax cash flow: $1,977/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: Lake
• NCES district ID: 1201050
• Math proficiency: 49% ▼ -7.00%
• Reading proficiency: 50% ▼ -4.00%
• Median HH income: $46,632
• Composite: 42.05/100
• National rank: #3327
• State rank: #37 of 73 in FL

Livability — Eustis

• Score: 73/100
• State rank: #309
• US rank: #5286

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Eustis, FL
• County: Lake County · 364,602 people
• City population: 24,715
• Metro: Orlando-Kissimmee-Sanford, FL
• Population (ZIP): 24,715
• Household income: $63,152
• Rent vs Own: 29.6% rent · 70.4% own
• Severe rent burden: 584.0

Population outlook (Lake County) Hauer SSP2

• Today (2025): 386,640 people
• By 2030: 417,107 · +7.9%
• By 2040: 476,676 · +23.3%
• By 2050: 531,296 · +37.4%
• By 2075: 648,303 · +67.7%
• By 2100: 698,530 · +80.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.59)
• Race & ethnicity: White 59% Black 19% Hispanic / Latino 17% Two or more races 12% Asian 2%
• Hispanic origin (detail): Mexican 3% Puerto Rican 7% Dominican 4%
• Common ancestry: Hispanic 2% Romanian 2% Lithuanian 2%
• Foreign-born: 14% · Canada, Vietnam
• Languages at home: 84% English-only · Spanish 10% French/Haitian/Cajun 3% Other Indo-European 1%

Political lean MEDSL · Lake

• 2024 margin: Strong R (+24.7) · D 37.3% · R 62.0%
• 2008→2024 swing: -11.2pp toward R · 2008: -13.5pp · 2024: -24.7pp
• All cycles: 2024: R+24.7 2020: R+20.0 2016: R+23.1 2012: R+17.1 2008: R+13.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -88.12%
• Current HPI: 325.4692
• Rent YoY: ▲ 3.20%
• Metro: Orlando-Kissimmee-Sanford, 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

+166.9% since first listed

11 events — show timeline

• 2026-05-15 Listed $98,500 Stellar MLS as Distributed by MLS Grid
• 2015-04-24 Sold (MLS) $29,000 Stellar MLS as Distributed by MLS Grid
• 2015-04-18 Pending — Stellar MLS as Distributed by MLS Grid
• 2015-03-02 Price Changed $31,900 Stellar MLS as Distributed by MLS Grid
• 2014-12-19 Price Changed $33,900 Stellar MLS as Distributed by MLS Grid
• 2014-08-21 Price Changed $34,900 Stellar MLS as Distributed by MLS Grid
• 2014-06-19 Listed $36,500 Stellar MLS as Distributed by MLS Grid
• 2014-06-07 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2014-04-24 Relisted — Stellar MLS as Distributed by MLS Grid
• 2014-04-15 Pending — Stellar MLS as Distributed by MLS Grid
• 2013-12-09 Listed $36,900 Stellar MLS as Distributed by MLS Grid

Property tax history

+6.5%/yr

Latest (2025): $1,453 · +5.0% YoY. Source: county tax records.