2818 Texas Ave · Kissimmee, FL 34741

$173,000

2 bd · 1.0 ba · 672 sqft · Manufactured public records · 196 Days on market

Built 1966 7,623 sqft lot

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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 +25.5/30.0
• DSCR +8.4/10.0
• ARV discount +7.5/15.0
• 1% rule +6.0/10.0
• Livability +3.9/5.0
• Schools +3.6/10.0
• Condition / age +2.5/5.0
• Rent growth +2.1/5.0
• Appreciation +0.0/10.0

Listing remarks

Huge Price Reduction! 2 Bedrooms, 2 baths, living room, dining room, Porch, 2-car garage, plus parking for extra cars; Community allows! RV or a Boat, NOA HOA! LOT INCLUDED! Super Well Located! walking distances to the mall (The Loop), Financial institutions, Church, Bus stop, easy train commute, Hospitals, Schools. Best prices in town, sellers are super motivated!

Key facts

• 7,623 sq ft lot
• 2 garage spots
• Built 1966

Property features AI

Finance

• Other: Property is homesteaded; Planned unit development; Zoning: ORMH; Total acreage: under 1/4 acre (approx. 0.18 acres)
• HOA & community: Street lights in community; No HOA association indicated

Exterior

• Parking: Attached 2-car garage (20x20)
• Utilities: Public water; Public sewer; Electricity available; Water available; Sewer available
• Home design: Residential mobile home (double wide); One level; Southwest-facing
• Construction: Block, stucco and frame construction; Metal roof; Crawlspace foundation; Completed condition; Built as double wide
• Exterior features: Front porch; Outdoor storage; Wood fencing; Cleared lot; Mature landscaping; Asphalt road frontage

Interior

• Kitchen: Microwave; Range; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Ceramic tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Ductless heating; Central air conditioning
• Interior features: Ceiling fans; Eat-in kitchen; Living room/dining room combo; Open floorplan; Unfinished basement
• Laundry & utility: Laundry closet

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $173k.

Deal economics

• At list price, monthly cash flow is $403 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $173k).
• Recommended offer: $152k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.1% vs local median 3.6% in Kissimmee — 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 77/100 on livability (#181 in FL, #2,841 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A+, health & safety A+; Watch: schools C-, crime D-, employment D-.
• Osceola (suburban): math 39% / reading 45% proficiency, ranked #60 of 73 in FL (top 82%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 60% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents soft (-1.4%/yr); 378 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals leasing fast (median 4d on market — plan ~1-2 weeks tenant-placement turnaround); 8,813 units permitted in Osceola County in 2024 (3,072 in 5+ unit buildings).
• This rent runs 44% of the median local income ($52k/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.
• Osceola County population projected at +73% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 196 days — a 12% lower offer ($152k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 8y 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 $66k; list at $173k implies a 162% 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; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $152,240 (12.0% below list)

Questions for the listing agent

1. It's been on market 196 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1966 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. 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.
7. 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.
8. 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: 1.10% ✓
• Cap rate: 9.09%
• Cash-on-cash: 9.98%
• DSCR: 1.44
• GRM: 7.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -4.5%
• Equity multiple: 0.84×
• Total profit: $-7,970
• Equity at exit: $25,795

10-year hold

• IRR: 1.5%
• Equity multiple: 1.09×
• Total profit: $4,456
• Equity at exit: $14,958

Cash invested: $48,440 (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 34741

• Home prices YoY: -28.3%
• Rents YoY: -1.4%
• Active inventory: 378
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $1,901 high
• Mortgage (P&I): −$907
• Tax from tax record: −$119 /mo · $1,430/yr
• Insurance: −$72
• HOA: −$0
• Vacancy / Maint / Mgmt: −$399
• Net cashflow: $403

Break-even live

Break-even rent $1,391

Max offer price $173,000

Occupancy floor 74%

Sensitivity live

Price	-10% $501	-5% $452	+0% $403	+5% $354	+10% $305
Rent	-10% $253	-5% $328	+0% $403	+5% $478	+10% $553
Rate	-1.0pp $490	-0.5pp $447	base $403	+0.5pp $358	+1.0pp $313

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: $43,250
• Closing costs: $5,190
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2726 Miami Ter Unit B Kissimmee, FL	1.0	1.0	350	$1,250	$3.57	5d	1	0.33mi
3021 Savosa Ave Kissimmee, FL	1.0–3.0	1.0–2.0	982	$1,926	$1.96	3d	15	0.70mi
201 Royal Tupper Ter Kissimmee, FL	1.0–3.0	1.0–2.0	1064	$2,451	$2.30	3d	68	0.93mi
1830 League Rd Kissimmee, FL	3.0	1.0–2.0	993	$2,550	$2.57	3d	107	0.99mi
2985 Home Run Rd Kissimmee, FL	1.0–3.0	1.0–2.0	1026	$2,364	$2.30	3d	37	1.04mi
1365 W Donegan Ave Kissimmee, FL	1.0–3.0	1.0–2.0	972	$1,839	$1.89	3d	10	1.05mi
1880 Destiny Blvd Kissimmee, FL	1.0–3.0	1.0–2.0	949	$1,856	$1.95	3d	31	1.08mi
1790 Manarola St Kissimmee, FL	1.0–3.0	1.0–2.0	1000	$1,822	$1.82	3d	32	1.11mi
2920 Flora Ridge Cir Kissimmee, FL	1.0–2.0	1.0–2.0	919	$2,161	$2.35	3d	11	1.12mi
3175 Corporate Center Pkwy Kissimmee, FL	3.0	1.0–2.0	1023	$2,475	$2.42	3d	106	1.18mi
2970 Sandhill Ridge Ct Kissimmee, FL	1.0–3.0	1.0–2.0	1034	$2,000	$1.93	4d	17	1.29mi
1209 Bermuda Lakes Ln Kissimmee, FL	1.0–3.0	1.0–2.0	899	$1,858	$2.07	4d	8	1.38mi
1222 Bermuda Lakes Ln Kissimmee, FL	1.0	1.0	750	$1,395	$1.86	18d	1	1.48mi

Listing history 22 events

1. 2026-05-24
   historical
2. 2026-05-12
   price $173,000
3. 2026-03-27
   status Active
4. 2026-03-27
   price $179,000
5. 2026-03-27
   historical
6. 2026-03-24
   historical
7. 2026-03-24
   listed $179,000 Active
8. 2026-03-10
   price $199,000
9. 2026-02-13
   status Active
10. 2026-01-23
    status Pending
11. 2025-10-20
    listed $205,000 Active
12. 2018-10-22
    historical
13. 2018-09-09
    listed $115,000 Active
14. 2018-05-02
    historical
15. 2018-02-17
    status Active
16. 2018-02-07
    historical
17. 2018-02-07
    price $130,000
18. 2018-02-05
    listed $120,000
19. 2017-04-21
    soldstatus $66,000
20. 1986-02-01
    soldstatus $30,000
21. 1981-07-01
    soldstatus $7,400
22. 1981-07-01
    soldstatus $7,400

ⓘ 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: $1,430 · $119/mo
• Projected year-2 tax: $1,436 · $120/mo
• Expected delta: +$6/yr ($0/mo · 0.4%)

ⓘ 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 1/10 Low
• 🌡 Heat 8/10 Severe 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: $22,807
• − Mortgage interest: −$9,691
• − Property taxes: −$1,430
• − Insurance: −$865
• − Repairs & maintenance: −$1,825
• − Management: −$1,825
• − Depreciation: −$5,033
• Taxable income: $2,139
• Est. tax owed @ 24.0%: −$513
• After-tax cash flow: $4,322/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: Osceola
• NCES district ID: 1201470
• Math proficiency: 39% ▼ -9.00%
• Reading proficiency: 45% ▼ -4.00%
• Median HH income: $45,528
• Composite: 35.7/100
• National rank: #4865
• State rank: #60 of 73 in FL

Livability — Kissimmee

• Score: 77/100
• State rank: #181
• US rank: #2841

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Osceola County · 410,217 people
• City population: 196,187
• Metro: Orlando-Kissimmee-Sanford, FL
• Population (ZIP): 58,716
• Household income: $52,409
• Rent vs Own: 67.1% rent · 32.9% own
• Severe rent burden: 5248.0

Population outlook (Osceola County) Hauer SSP2

• Today (2025): 447,624 people
• By 2030: 511,823 · +14.3%
• By 2040: 642,986 · +43.6%
• By 2050: 774,552 · +73.0%
• By 2075: 1,078,144 · +140.9%
• By 2100: 1,269,660 · +183.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Hispanic (72%)
• Race & ethnicity: Hispanic / Latino 72% Two or more races 20% White 16% Black 6% Asian 3%
• Hispanic origin (detail): Mexican 3% Puerto Rican 26% Cuban 4% Dominican 6%
• Common ancestry: Estonian 1% Russian 1% Lithuanian 1%
• Foreign-born: 39% · Canada, Jamaica
• Languages at home: 27% English-only · Spanish 66% Other Indo-European 2% Arabic 2%

Political lean MEDSL · Osceola

• 2024 margin: Toss-up / Even · D 48.7% · R 50.2% · Other 1.1%
• 2008→2024 swing: -21.2pp toward R · 2008: 19.7pp · 2024: -1.4pp
• All cycles: 2024: R+1.4 2020: D+13.8 2016: D+25.0 2012: D+24.5 2008: D+19.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -115.96%
• Current HPI: 293.3914
• Rent YoY: ▼ -1.43%
• 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

+2237.8% since first listed

22 events — show timeline

• 2026-05-24 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2026-05-12 Price Changed $173,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-27 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-03-27 Price Changed $179,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-27 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2026-03-24 Listed $179,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-24 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2026-03-10 Price Changed $199,000 Stellar MLS as Distributed by MLS Grid
• 2026-02-13 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-01-23 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-10-20 Listed $205,000 Stellar MLS as Distributed by MLS Grid
• 2018-10-22 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2018-09-09 Listed $115,000 Stellar MLS as Distributed by MLS Grid
• 2018-05-02 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2018-02-17 Relisted — Stellar MLS as Distributed by MLS Grid
• 2018-02-07 Price Changed $130,000 Stellar MLS as Distributed by MLS Grid
• 2018-02-07 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2018-02-05 Listed $120,000 Stellar MLS as Distributed by MLS Grid
• 2017-04-21 Sold (Public Records) $66,000 Public Records
• 1986-02-01 Sold (Public Records) $30,000 Public Records
• 1981-07-01 Sold (Public Records) $7,400 Public Records
• 1981-07-01 Sold (Public Records) $7,400 Public Records

Property tax history

+8.6%/yr

Latest (2025): $1,430 · +10.4% YoY. Source: county tax records.