8414 Sweden Blvd · Cleveland, FL 33982

$210,000

2 bd · 2.0 ba · 728 sqft · Land · 198 Days on market

Built 2025 0.62 ac 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 +20.3/30.0
• ARV discount +7.5/15.0
• DSCR +6.4/10.0
• Schools +4.6/10.0
• 1% rule +4.0/10.0
• Rent growth +3.5/5.0
• Livability +3.4/5.0
• Condition / age +2.5/5.0
• Appreciation +2.4/10.0

Listing remarks

One or more photo(s) has been virtually staged. Welcome to 8414 Sweden Blvd in Punta Gorda — a brand-new 2 bedroom, 2 bathroom manufactured home offering modern design, low maintenance, and excellent rental income potential. Located in Flood Zone X (no flood insurance typically required), this property is ideal for both homeowners and investors looking for affordable, low-risk ownership. Step inside to a bright open-concept floor plan featuring a seamless flow between living, dining, and kitchen spaces—designed for comfort and functionality. The kitchen includes modern appliances, ample counter space, and plenty of cabinetry, appealing to both end users and tenants. The split-be

Key facts

• Low maintenance yard
• Natural light
• Desirable community

Tags

• OPEN-CONCEPT LAYOUT
• WELL-EQUIPPED KITCHEN
• NATURAL LIGHT
• LOW MAINTENANCE YARD
• DESIRABLE COMMUNITY

Property features AI

Finance

• Other: Lot size approximately 0.63 acres (about 1/2 to less than 1 acre)
• HOA & community: No association

Exterior

• Utilities: Public water; Septic tank sewer; Cable available; Other utilities
• Home design: Manufactured home (single wide); Residential property; One story; South-facing entry
• Construction: Vinyl siding; Shingle roof; Crawlspace foundation; Completed condition; Built as a manufactured home
• Exterior features: Other exterior features; Asphalt road access

Interior

• Kitchen: Dishwasher; Disposal; Range; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Open floorplan; Living room/dining room combo
• Laundry & utility: Inside laundry room

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath land listed at $210k.

Deal economics

• At list price, monthly cash flow is $269 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $189k (10.0% below list).
• Recommended offer: $185k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.8% vs local median 4.8% in Cleveland — 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 67/100 on livability (#574 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: employment D, amenities F, commute F.
• Charlotte (suburban): math 54% / reading 54% proficiency, ranked #22 of 73 in FL (top 30%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: East Elementary School (math 67% / reading 68%, grade B+, #435 of 2,144 statewide, top 21%, 761 students, 52% FRL); Punta Gorda Middle School (math 54% / reading 52%, grade C+, #209 of 571 statewide, top 37%, 1,120 students, 41% FRL); Charlotte High School (math 44% / reading 46%, grade D-, #228 of 667 statewide, top 35%, 1,994 students, 41% FRL).
• Market conditions: Rents rising fast (+4.1%/yr); 1044 active listings in the ZIP; 4,585 units permitted in Charlotte County in 2024 (703 in 5+ unit buildings).
• This rent runs 31% of the median local income ($72k/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 $6k of value loss. Plan a longer hold.
• Charlotte County population projected at +24% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 198 days — a 12% lower offer ($185k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 2y ago; this cycle's ask has dropped $48k (19%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $93k; list at $210k implies a 126% 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→28/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $184,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 198 days. Have you received any prior offers? Is the seller open to a 12% 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. 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?
5. 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.
6. 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.
7. 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: 0.90% ✗
• Cap rate: 7.83%
• Cash-on-cash: 5.50%
• DSCR: 1.24
• GRM: 9.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 4.13% rent growth · sell at horizon

5-year hold

• IRR: -6.7%
• Equity multiple: 0.75×
• Total profit: $-14,805
• Equity at exit: $31,312

10-year hold

• IRR: 4.0%
• Equity multiple: 1.30×
• Total profit: $17,881
• Equity at exit: $18,157

Cash invested: $58,800 (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 33982

• Home prices YoY: -1.2%
• Rents YoY: 4.1%
• Active inventory: 1044
• Price-to-rent: 9.3×

Monthly cashflow live

• Estimated rent: $1,890 medium
• Mortgage (P&I): −$1,101
• Tax from tax record: −$35 /mo · $420/yr
• Insurance: −$88
• HOA: −$0
• Vacancy / Maint / Mgmt: −$397
• Net cashflow: $269

Break-even live

Break-even rent $1,549

Max offer price $210,000

Occupancy floor 81%

Sensitivity live

Price	-10% $388	-5% $329	+0% $269	+5% $-31	+10% $-103
Rent	-10% $120	-5% $195	+0% $269	+5% $344	+10% $419
Rate	-1.0pp $375	-0.5pp $323	base $269	+0.5pp $215	+1.0pp $160

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: $52,500
• Closing costs: $6,300
• Reserves months: —
• Total cash needed: —

Listing history 31 events

1. 2026-06-22
   days on market $210,000 Active 198 DOM
2. 2026-06-18
   days on market $210,000 Active 195 DOM
3. 2026-06-17
   days on market $210,000 Active 194 DOM
4. 2026-06-16
   days on market $210,000 Active 193 DOM
5. 2026-06-15
   days on market $210,000 Active 192 DOM
6. 2026-06-14
   days on market $210,000 Active 190 DOM
7. 2026-06-13
   days on market $210,000 Active 189 DOM
8. 2026-06-10
   days on market $210,000 Active 187 DOM
9. 2026-06-09
   days on market $210,000 Active 186 DOM
10. 2026-06-08
    days on market $210,000 Active 185 DOM
11. 2026-06-05
    days on market $210,000 Active 181 DOM
12. 2026-06-03
    days on market $210,000 Active 180 DOM
13. 2026-06-02
    days on market $210,000 Active 179 DOM
14. 2026-06-01
    days on market $210,000 Active 178 DOM
15. 2026-05-31
    days on market $210,000 Active 177 DOM
16. 2026-05-30
    days on market $210,000 Active 176 DOM
17. 2026-04-10
    price $210,000
18. 2026-03-27
    price $229,000
19. 2025-12-05
    listed $257,900 Active
20. 2025-10-09
    historical
21. 2025-10-09
    historical
22. 2025-08-31
    historical
23. 2025-04-01
    listed $257,900 Active
24. 2025-03-03
    listed $257,900 Active
25. 2025-02-24
    listed $257,900 Active
26. 2025-02-18
    historical
27. 2025-01-21
    listed $257,900 Active
28. 2024-04-09
    historical
29. 2024-02-08
    listed $229,500 Active
30. 2022-08-17
    soldstatus $93,000
31. 2013-04-09
    soldstatus $13,500

ⓘ 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: $420 · $35/mo
• Projected year-2 tax: $1,743 · $145/mo
• Expected delta: +$1,323/yr (+$110/mo · 314.5%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 2/10 Low FEMA zone X (unshaded) · 3% chance over 30 yrs
• 🔥 Wildfire 7/10 Severe
• 🌡 Heat 9/10 Extreme 7 d/yr ≥108°F today · 28 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,683
• − Mortgage interest: −$11,763
• − Property taxes: −$420
• − Insurance: −$1,050
• − Repairs & maintenance: −$1,815
• − Management: −$1,815
• − Depreciation: −$6,109
• Taxable loss: −$290
• Est. tax savings @ 24.0%: +$69
• After-tax cash flow: $3,303/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: Charlotte
• NCES district ID: 1200240
• Math proficiency: 54% ▼ -6.00%
• Reading proficiency: 54% ▼ -1.00%
• Median HH income: $44,864
• Composite: 45.62/100
• National rank: #2586
• State rank: #22 of 73 in FL

Livability — Cleveland

• Score: 67/100
• State rank: #574
• US rank: #10905

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Charlotte County · 196,994 people
• Metro: Punta Gorda, FL
• Population (ZIP): 13,006
• Household income: $72,443
• Rent vs Own: 11.2% rent · 88.8% own
• Severe rent burden: 43.0

Population outlook (Charlotte County) Hauer SSP2

• Today (2025): 198,646 people
• By 2030: 210,507 · +6.0%
• By 2040: 230,857 · +16.2%
• By 2050: 247,148 · +24.4%
• By 2075: 281,777 · +41.8%
• By 2100: 293,609 · +47.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (81%)
• Race & ethnicity: White 81% Two or more races 8% Hispanic / Latino 7% Black 7%
• Hispanic origin (detail): Puerto Rican 2% Cuban 3%
• Common ancestry: Lithuanian 3% Iranian 3% Slovak 3%
• Foreign-born: 6% · Canada, Jamaica
• Languages at home: 93% English-only · Spanish 5% German/W. Germanic 1% Arabic 1%

Political lean MEDSL · Charlotte

• 2024 margin: Solid R (+34.0) · D 32.7% · R 66.7%
• 2008→2024 swing: -26.7pp toward R · 2008: -7.2pp · 2024: -34.0pp
• All cycles: 2024: R+34.0 2020: R+26.6 2016: R+27.8 2012: R+14.3 2008: R+7.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -5.25%
• Current HPI: 448.5895
• Rent YoY: ▲ 4.13%
• Metro: Punta Gorda, 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

+1455.6% since first listed

15 events — show timeline

• 2026-04-10 Price Changed $210,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-27 Price Changed $229,000 Stellar MLS as Distributed by MLS Grid
• 2025-12-05 Listed $257,900 Stellar MLS as Distributed by MLS Grid
• 2025-10-09 Listing Removed — FORTMLS
• 2025-10-09 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-08-31 Listing Removed — MARMLS
• 2025-04-01 Listed $257,900 Stellar MLS as Distributed by MLS Grid
• 2025-03-03 Listed $257,900 MARMLS
• 2025-02-24 Listed $257,900 FORTMLS
• 2025-02-18 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-01-21 Listed $257,900 Stellar MLS as Distributed by MLS Grid
• 2024-04-09 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2024-02-08 Listed $229,500 Stellar MLS as Distributed by MLS Grid
• 2022-08-17 Sold (Public Records) $93,000 Public Records
• 2013-04-09 Sold (Public Records) $13,500 Public Records

Property tax history

+7.8%/yr

Latest (2025): $420 · +0.9% YoY. Source: county tax records.