11971 NW 10th Pl · Ocala Estates, FL 34482

$173,900

3 bd · 2.0 ba · 1,792 sqft · Land · 108 Days on market

Built 2014 0.26 ac lot

---

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 +26.2/30.0
• DSCR +8.9/10.0
• ARV discount +7.5/15.0
• 1% rule +7.0/10.0
• Rent growth +5.0/5.0
• Schools +3.6/10.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Spacious 3-bedroom, 2-bath split-plan manufactured home offering 1,732 living square feet, situated on a desirable corner lot. Built in 2014 and recently reset on its current property with completed inspections and permits, providing added peace of mind. This move-in ready home features new flooring throughout, brand-new appliances, and major system upgrades including a new well, new septic system, and new A/C. The split floor plan offers privacy for the primary suite while maintaining an open and functional layout ideal for everyday living. A fantastic opportunity for affordable homeownership with big-ticket improvements already done!

Key facts

• Brand new appliances
• New well
• New flooring

Tags

• CORNER LOT
• NEW FLOORING
• BRAND NEW APPLIANCES
• NEW WELL
• NEW SEPTIC SYSTEM
• NEW A/C

Property features AI

Finance

• Other: Lot about 0.26 acres (approx. 80 x 144); Living area approximately 1792 square feet; Total rooms: 4
• HOA & community: No association

Exterior

• Utilities: Well water; Septic tank (septic needed); Broadband/high-speed internet available
• Home design: Manufactured double wide home; Completed condition; One story; Faces south; Entry level: One
• Construction: Shingle roof; Other construction materials; Crawlspace foundation; New construction
• Exterior features: Other exterior features; Asphalt road access

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating; Central air conditioning
• Interior features: Open floorplan; Split bedroom layout; Other interior features
• Laundry & utility: Inside laundry

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath land listed at $174k.

Deal economics

• At list price, monthly cash flow is $443 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $174k).
• Recommended offer: $158k (9.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads: area grade C — affects rentability + tenant quality, not the cash-flow math above.
• Marion (rural): math 42% / reading 43% proficiency, ranked #61 of 73 in FL (top 84%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 61% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+11.1%/yr); 670 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); 7,071 units permitted in Marion County in 2024 (534 in 5+ unit buildings).
• This rent runs 38% of the median local income ($66k/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.
• Marion County population projected at +13% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $49k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 108 days — a 9% lower offer ($158k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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 $44k; list at $174k implies a 295% 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→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $158,249 (9.0% below list)

Questions for the listing agent

1. It's been on market 108 days. Have you received any prior offers? Is the seller open to a 9% 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: 1.20% ✓
• Cap rate: 9.35%
• Cash-on-cash: 10.92%
• DSCR: 1.49
• GRM: 7.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 5.5%
• Equity multiple: 1.23×
• Total profit: $11,063
• Equity at exit: $25,929

10-year hold

• IRR: 19.1%
• Equity multiple: 2.97×
• Total profit: $96,160
• Equity at exit: $15,036

Cash invested: $48,692 (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 34482

• Rents YoY: 11.1%
• Active inventory: 670
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $2,082 medium
• Mortgage (P&I): −$912
• Tax est. 1.5%: −$217 /mo · $2,608/yr
• Insurance: −$72
• HOA: −$0
• Vacancy / Maint / Mgmt: −$437
• Net cashflow: $443

Break-even live

Break-even rent $1,521

Max offer price $173,900

Occupancy floor 74%

Sensitivity live

Price	-10% $563	-5% $503	+0% $443	+5% $383	+10% $323
Rent	-10% $278	-5% $361	+0% $443	+5% $525	+10% $607
Rate	-1.0pp $530	-0.5pp $487	base $443	+0.5pp $398	+1.0pp $352

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: $43,475
• Closing costs: $5,217
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1726 NW 119th Ct Ocala, FL	3.0	2.0	1782	$1,800	$1.01	14d	1	0.54mi
1951 NW 119th Ct Ocala, FL	3.0	2.0	1551	$1,850	$1.19	22d	1	0.68mi
11392 NW 16th Pl Ocala, FL	3.0	2.0	1264	$1,395	$1.10	14d	1	0.74mi
10625 NW 14th St Ocala, FL	3.0	2.0	2244	$2,500	$1.11	14d	1	1.42mi

Listing history 21 events

1. 2026-06-18
   days on market $173,900 Active 108 DOM
2. 2026-06-17
   days on market $173,900 Active 107 DOM
3. 2026-06-16
   days on market $173,900 Active 106 DOM
4. 2026-06-15
   days on market $173,900 Active 105 DOM
5. 2026-06-14
   days on market $173,900 Active 103 DOM
6. 2026-06-13
   days on market $173,900 Active 102 DOM
7. 2026-06-10
   days on market $173,900 Active 100 DOM
8. 2026-06-09
   days on market $173,900 Active 99 DOM
9. 2026-06-08
   days on market $173,900 Active 98 DOM
10. 2026-06-07
    days on market $173,900 Active 97 DOM
11. 2026-06-03
    days on market $173,900 Active 93 DOM
12. 2026-06-02
    days on market $173,900 Active 92 DOM
13. 2026-06-01
    days on market $173,900 Active 91 DOM
14. 2026-05-31
    days on market $173,900 Active 90 DOM
15. 2026-05-30
    days on market $173,900 Active 89 DOM
16. 2026-05-17
    status Active
17. 2026-05-11
    status Pending
18. 2026-04-16
    price $173,900
19. 2026-02-24
    listed $174,900 Active
20. 2023-08-04
    soldstatus $44,000
21. 2022-01-27
    soldstatus $31,900

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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 ≥107°F today · 21 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: $24,983
• − Mortgage interest: −$9,741
• − Property taxes: −$2,608
• − Insurance: −$870
• − Repairs & maintenance: −$1,999
• − Management: −$1,999
• − Depreciation: −$5,059
• Taxable income: $2,707
• Est. tax owed @ 24.0%: −$650
• After-tax cash flow: $4,665/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: Marion
• NCES district ID: 1201260
• Math proficiency: 42% ▼ -7.00%
• Reading proficiency: 43% ▼ -4.00%
• Median HH income: $40,015
• Composite: 35.61/100
• National rank: #4890
• State rank: #61 of 73 in FL

Livability — Ocala Estates

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: Ocala Estates, FL
• County: Marion County · 315,796 people
• Metro: Ocala, FL
• Population (ZIP): 22,807
• Household income: $65,901
• Rent vs Own: 16.7% rent · 83.3% own
• Severe rent burden: 282.0

Population outlook (Marion County) Hauer SSP2

• Today (2025): 365,905 people
• By 2030: 376,768 · +3.0%
• By 2040: 396,555 · +8.4%
• By 2050: 412,723 · +12.8%
• By 2075: 446,090 · +21.9%
• By 2100: 436,193 · +19.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (63%)
• Race & ethnicity: White 63% Hispanic / Latino 19% Black 14% Two or more races 12%
• Hispanic origin (detail): Mexican 6% Puerto Rican 9% Cuban 2%
• Common ancestry: Lithuanian 2% Romanian 2% Slovak 2%
• Foreign-born: 10% · Canada
• Languages at home: 81% English-only · Spanish 16% Other Indo-European 1%

Political lean MEDSL · Marion

• 2024 margin: Solid R (+31.6) · D 33.8% · R 65.5%
• 2008→2024 swing: -20.0pp toward R · 2008: -11.6pp · 2024: -31.6pp
• All cycles: 2024: R+31.6 2020: R+25.9 2016: R+26.2 2012: R+16.2 2008: R+11.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -133.62%
• Current HPI: 194.3857
• Rent YoY: ▲ 11.12%
• Metro: Ocala, 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

+445.1% since first listed

6 events — show timeline

• 2026-05-17 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-05-11 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-16 Price Changed $173,900 Stellar MLS as Distributed by MLS Grid
• 2026-02-24 Listed $174,900 Stellar MLS as Distributed by MLS Grid
• 2023-08-04 Sold (Public Records) $44,000 Public Records
• 2022-01-27 Sold (Public Records) $31,900 Public Records

Property tax history

+39.4%/yr

Latest (2025): $272 · +20.5% YoY. Source: county tax records.