47807 State Road 19 · Pittman, FL 32702

$217,900

3 bd · 2.0 ba · 1,440 sqft · Manufactured public records · 141 Days on market

Built 1984 0.28 ac lot

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Why this score? — see what drove the D- 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).

• Appreciation +10.0/10.0
• Cash flow +7.6/30.0
• ARV discount +7.5/15.0
• Schools +4.2/10.0
• Livability +2.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +1.7/10.0
• 1% rule +1.4/10.0

Listing remarks

Under contract-accepting backup offers. Great remodeled 3/2 home on 1/3 Acre on the edge of the Ocala National Forest. . Plant a garden, grill on either 2 of your wooden decks, have friends over for a bonfire, the possibilities are endless. Freedom with No Hoa! No rules. No hassles. Great neighbors. Beautiful home where you can raise a family or enjoy your retirement with warm winters and peace. VA LOAN Eligible with 0 perc Down. Another lender can do a conventional loan with 5 perc down. .. .and Rocket Mortgage Loan Eligible with 6-10 perc down which includes closing costs. Completely Remodeled, Spacious, A Frame Living Area Home with new 40 + metal roof in 2024. House has new 1/2 inch dry

Key facts

• Remodeled
• New metal roof
• New kitchen

Tags

• REMODELED
• WOODEN DECKS
• NO HOA
• NEW METAL ROOF
• NEW KITCHEN
• GRANITE COUNTERTOPS

Property features AI

Finance

• Other: Property classified as residential; manufactured home subtype; Zoning: A; Lot approximately 0.28 acres (approx. 120 x 103); Building area reported as 1,596 sq ft; living area reported as 1,440 sq ft; Property listed unfurnished; Directions: On Hwy 19 North, 6 or 7 properties north of turn off to Hwy 445 to Alexander Springs. Home on west side of road.
• HOA & community: No HOA; Street lights in the community

Exterior

• Parking: Paved parking
• Utilities: Well water; Septic tank; Electricity connected; Water connected; Cable available; Phone available
• Home design: Manufactured double-wide home; Single-story (one level); East-facing
• Construction: Vinyl siding; Metal roof; Other foundation
• Exterior features: Deck; Front porch; Awnings; Exterior lighting; Sliding doors; Chain link and other fencing; Cleared, level and oversized paved lot; Oak trees on property; Publicly maintained asphalt road access

Interior

• Kitchen: Dishwasher; Range; Range hood; Refrigerator; Eat-in kitchen
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Ceramic tile; Laminate; Linoleum
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Cathedral ceilings; Vaulted ceiling; High ceilings; Open floorplan; Living room/dining room combo; Eat-in kitchen; Crown molding; Ceiling fans; Thermostat; Solid surface counters; Solid wood cabinets; Walk-in closets; Wood-burning fireplace
• Laundry & utility: Laundry room with washer and electric dryer hookups

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $218k.

Deal economics

• At list price, monthly cash flow is $-266 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $171k (21.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $140k (35.9% below list).
• Recommended offer: $140k (35.9% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 52/100 on livability (#885 in FL) — a working-class tenant base; expect higher turnover. Strengths: crime A+; Watch: amenities F, commute F, cost of living 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.
• Zoned schools: Umatilla Elementary School (math 59% / reading 56%, grade C+, #764 of 2,144 statewide, top 36%, 660 students, 55% FRL); Umatilla High School (math 24% / reading 29%, grade F, #489 of 667 statewide, top 74%, 861 students, 51% FRL) — zoned schools at 53% FRL track the district average.
• Market conditions: 35 active listings in the ZIP; 4,799 units permitted in Lake County in 2024 (814 in 5+ unit buildings).

Forward outlook

• In year one you build about $23k of equity ($2k loan paydown + $22k appreciation (10.0% local appreciation)).
• Lake County population projected at +37% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 2, paydown + projected appreciation supports a ~$37k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 141 days — a 12% lower offer ($192k) is reasonable based on typical stale-listing flexibility.
• 3 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.
• Current owner paid $80k; list at $218k implies a 172% 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; major 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 $139,696 (35.9% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 141 days. Have you received any prior offers? Is the seller open to a 36% concession, seller financing, or rate buy-down credit?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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 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: 0.64% ✗
• Cap rate: 4.83%
• Cash-on-cash: -5.23%
• DSCR: 0.77
• GRM: 13.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 20.6%
• Equity multiple: 2.67×
• Total profit: $101,679
• Equity at exit: $196,302

10-year hold

• IRR: 18.7%
• Equity multiple: 6.12×
• Total profit: $312,619
• Equity at exit: $423,332

Cash invested: $61,012 (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 32702

• Home prices YoY: 3.3%
• Active inventory: 35
• Price-to-rent: 13.0×

Monthly cashflow live

• Estimated rent: $1,397 medium
• Mortgage (P&I): −$1,143
• Tax from tax record: −$136 /mo · $1,632/yr
• Insurance: −$91
• HOA: −$0
• Vacancy / Maint / Mgmt: −$293
• Net cashflow: $-266

Break-even live

Break-even rent $1,733

Max offer price $170,936

Occupancy floor —

Sensitivity live

Price	-10% $-143	-5% $-204	+0% $-266	+5% $-328	+10% $-389
Rent	-10% $-376	-5% $-321	+0% $-266	+5% $-211	+10% $-155
Rate	-1.0pp $-156	-0.5pp $-210	base $-266	+0.5pp $-322	+1.0pp $-380

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: $54,475
• Closing costs: $6,537
• Reserves months: —
• Total cash needed: —

Listing history 31 events

1. 2026-06-16
   status $217,900 Pending 141 DOM
2. 2026-06-15
   days on market $217,900 Active 141 DOM
3. 2026-06-13
   days on market $217,900 Active 139 DOM
4. 2026-06-09
   days on market $217,900 Active 135 DOM
5. 2026-06-08
   days on market $217,900 Active 134 DOM
6. 2026-06-07
   days on market $217,900 Active 133 DOM
7. 2026-06-04
   days on market $217,900 Active 130 DOM
8. 2026-06-03
   days on market $217,900 Active 129 DOM
9. 2026-06-02
   days on market $217,900 Active 128 DOM
10. 2026-06-02
    days on market $217,900 Active 127 DOM
11. 2026-05-31
    days on market $217,900 Active 126 DOM
12. 2026-02-20
    price $217,900
13. 2026-01-25
    listed $219,900 Active
14. 2025-09-30
    historical
15. 2025-08-31
    price $219,900
16. 2025-08-31
    price $220,000
17. 2025-05-19
    price $214,900
18. 2025-05-09
    price $219,900
19. 2025-03-17
    price $219,999
20. 2025-01-29
    status Active
21. 2025-01-29
    price $229,999
22. 2025-01-20
    historical
23. 2025-01-04
    price $234,900
24. 2024-12-22
    price $237,000
25. 2024-11-19
    price $239,999
26. 2024-09-23
    listed $245,000 Active
27. 2024-04-08
    soldstatus $80,000
28. 2017-12-28
    soldstatus $60,000
29. 2009-10-14
    soldstatus $75,000
30. 2005-05-27
    soldstatus $12,000
31. 2003-10-06
    soldstatus $9,000

ⓘ 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: $1,632 · $136/mo
• Projected year-2 tax: $1,809 · $151/mo
• Expected delta: +$177/yr (+$15/mo · 10.8%)

ⓘ 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 6/10 Major
• 🌡 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 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,764
• − Mortgage interest: −$12,206
• − Property taxes: −$1,632
• − Insurance: −$1,090
• − Repairs & maintenance: −$1,341
• − Management: −$1,341
• − Depreciation: −$6,339
• Taxable loss: −$7,184
• Est. tax savings @ 24.0%: +$1,724
• After-tax cash flow: $-1,466/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 — Pittman

• Score: 52/100
• State rank: #885
• US rank: #25007

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 2,732

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: Predominantly White (90%)
• Race & ethnicity: White 90% Hispanic / Latino 5% Black 3% Two or more races 3%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2% Cuban 2%
• Common ancestry: Portuguese 4% Slovak 2% Lithuanian 1%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 2%

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: ▲ 12.23%
• Current HPI: 383.8128
• 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

+2321.1% since first listed

20 events — show timeline

• 2026-02-20 Price Changed $217,900 Stellar MLS as Distributed by MLS Grid
• 2026-01-25 Listed $219,900 Stellar MLS as Distributed by MLS Grid
• 2025-09-30 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-08-31 Price Changed $219,900 Stellar MLS as Distributed by MLS Grid
• 2025-08-31 Price Changed $220,000 Stellar MLS as Distributed by MLS Grid
• 2025-05-19 Price Changed $214,900 Stellar MLS as Distributed by MLS Grid
• 2025-05-09 Price Changed $219,900 Stellar MLS as Distributed by MLS Grid
• 2025-03-17 Price Changed $219,999 Stellar MLS as Distributed by MLS Grid
• 2025-01-29 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-01-29 Price Changed $229,999 Stellar MLS as Distributed by MLS Grid
• 2025-01-20 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-01-04 Price Changed $234,900 Stellar MLS as Distributed by MLS Grid
• 2024-12-22 Price Changed $237,000 Stellar MLS as Distributed by MLS Grid
• 2024-11-19 Price Changed $239,999 Stellar MLS as Distributed by MLS Grid
• 2024-09-23 Listed $245,000 Stellar MLS as Distributed by MLS Grid
• 2024-04-08 Sold (Public Records) $80,000 Public Records
• 2017-12-28 Sold (Public Records) $60,000 Public Records
• 2009-10-14 Sold (Public Records) $75,000 Public Records
• 2005-05-27 Sold (Public Records) $12,000 Public Records
• 2003-10-06 Sold (Public Records) $9,000 Public Records

Property tax history

+7.4%/yr

Latest (2025): $1,632 · +55.9% YoY. Source: county tax records.