15190 NE 144th St · Lake Kerr, FL 32134

$160,000

3 bd · 2.0 ba · 1,288 sqft · Manufactured public records · 4 Days on market

Built 1974 1.13 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 +24.1/30.0
• DSCR +7.8/10.0
• ARV discount +7.5/15.0
• 1% rule +5.5/10.0
• Schools +3.6/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great opportunity to own a mobile home on . 69 acre. This double wide 3/2 is located in Ft McCoy on a quiet dead end street. The mobile home is in great condition and is situated on one side of the lot, giving a lot of room for parking and storage. The lot is completely cleared and lined by woods on the back side providing a lot of privacy. There is also an option to buy the parcels to the east giving you up an additional . 75 acre. Inside the mobile, you will find central AC and heat, and a well maintained and cared for home; just bring your furniture. The exterior features a metal roof, 2 wells, and a well maintained lawn. Due to the age of the structure, the seller is accepting cash or is willing to do seller financing for a qualified buyer.

Key facts

• Fully fenced
• Over 1 acre
• 5 carport spaces

Tags

• OVER 1 ACRE
• 5 CARPORT SPACES
• CONCRETE DRIVEWAY
• FULLY FENCED
• WOODED AREA
• WALK IN CLOSET

Property features AI

Finance

• Other: Property is homesteaded; Zoned R4; Lot size about 1.13 acres (1 to less than 2 acres); Dirt road access; Two wells and one septic system

Exterior

• Parking: Carport with 5 spaces
• Utilities: Well water; Septic tank; Electricity connected; Water connected; Sewer connected
• Home design: Residential mobile home (double wide); One level; North-facing entry
• Construction: Metal siding; Metal roof; Crawlspace foundation; Built as a double wide mobile home
• Exterior features: Awnings; Sliding doors; Storage

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Carpet
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans
• Laundry & utility: Inside laundry; Washer; Dryer; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $160k.

Deal economics

• At list price, monthly cash flow is $315 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $160k).
• Cap rate 8.7% vs local median 5.8% in Lake Kerr — 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: 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.
• Zoned schools: Fort Mccoy School (math 35% / reading 35%, grade F, #1,697 of 2,144 statewide, top 80%, 964 students, 73% FRL); North Marion High School (math 20% / reading 32%, grade F, #494 of 667 statewide, top 75%, 1,303 students, 66% FRL).
• Zoned-school proficiency averages 30% at this address vs 42% district-wide (-12 pts) — the specific schools serving this property underperform the Marion average; the district grade overstates school quality for this exact location.
• Market conditions: 302 active listings in the ZIP; 7,071 units permitted in Marion County in 2024 (534 in 5+ unit buildings).

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.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 4y 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.

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 $160,000

Questions for the listing agent

1. Built in 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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.
4. 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.
5. 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: 1.05% ✓
• Cap rate: 8.66%
• Cash-on-cash: 8.45%
• DSCR: 1.38
• GRM: 7.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -3.5%
• Equity multiple: 0.87×
• Total profit: $-5,866
• Equity at exit: $23,857

10-year hold

• IRR: 6.2%
• Equity multiple: 1.46×
• Total profit: $20,634
• Equity at exit: $13,834

Cash invested: $44,800 (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 32134

• Home prices YoY: -24.4%
• Active inventory: 302
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $1,681 medium
• Mortgage (P&I): −$839
• Tax from tax record: −$107 /mo · $1,281/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$353
• Net cashflow: $315

Break-even live

Break-even rent $1,282

Max offer price $160,000

Occupancy floor 76%

Sensitivity live

Price	-10% $406	-5% $361	+0% $315	+5% $270	+10% $225
Rent	-10% $183	-5% $249	+0% $315	+5% $382	+10% $448
Rate	-1.0pp $396	-0.5pp $356	base $315	+0.5pp $274	+1.0pp $232

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: $40,000
• Closing costs: $4,800
• Reserves months: —
• Total cash needed: —

Listing history 3 events

1. 2026-06-21
   days on market $160,000 Active 4 DOM
2. 2026-06-18
   remarks 699-char remark
3. 2026-06-18
   listed $160,000 Active 1 DOM

ⓘ 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: $1,281 · $107/mo
• Projected year-2 tax: $1,328 · $111/mo
• Expected delta: +$47/yr (+$4/mo · 3.7%)

ⓘ 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 ≥109°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: $20,171
• − Mortgage interest: −$8,962
• − Property taxes: −$1,281
• − Insurance: −$800
• − Repairs & maintenance: −$1,614
• − Management: −$1,614
• − Depreciation: −$4,655
• Taxable income: $1,246
• Est. tax owed @ 24.0%: −$299
• After-tax cash flow: $3,487/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 — Lake Kerr

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

Census & demographics

• Population (ZIP): 7,400

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: Predominantly White (91%)
• Race & ethnicity: White 91% Hispanic / Latino 5% Two or more races 4%
• Common ancestry: Italian 3% Slovak 2% Lithuanian 2%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 3% French/Haitian/Cajun 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: ▼ -72.45%
• Current HPI: 224.9549
• 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

+6.7% since first listed

9 events — show timeline

• 2026-06-17 Listed $160,000 Stellar MLS as Distributed by MLS Grid
• 2023-02-08 Sold (Public Records) $155,000 Public Records
• 2023-02-08 Sold (MLS) $155,000 Stellar MLS as Distributed by MLS Grid
• 2023-01-06 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2023-01-04 Listed $150,000 Stellar MLS as Distributed by MLS Grid
• 2022-12-10 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2022-06-09 Relisted — Stellar MLS as Distributed by MLS Grid
• 2022-05-24 Pending — Stellar MLS as Distributed by MLS Grid
• 2022-05-05 Listed $150,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+29.1%/yr

Latest (2025): $1,281 · +21.0% YoY. Source: county tax records.