1336 NE 191st Ter · Hawthorne, FL 32640

$129,000

3 bd · 2.0 ba · 1,152 sqft · Manufactured public records · 66 Days on market

Built 1995 1.40 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 +24.7/30.0
• DSCR +8.0/10.0
• ARV discount +7.5/15.0
• 1% rule +6.0/10.0
• Schools +4.3/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

All we need is love… and this home could definitely use some love. Opportunity awaits with this 1995 manufactured home situated on 1.4 acres of land. Offering 3 bedrooms, 2 bathrooms, and approximately 1,152 sq ft of living space, this property is ideal for investors, flippers, or buyers looking for a renovation project. The home features a functional layout with split-bedroom design, but will require repairs and updates. Evidence of wear, including interior staining and deferred maintenance, is present. Property is being sold as-is and is priced accordingly. Outside, the land gives you room to expand, garden, or simply enjoy the peace and quiet of country living.

Key facts

• 1.4 acres of land
• Country living
• Split-bedroom design

Tags

• 1.4 ACRES OF LAND
• SPLIT-BEDROOM DESIGN
• ROOM TO EXPAND
• COUNTRY LIVING

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $129k.

Deal economics

• At list price, monthly cash flow is $270 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $129k).
• Recommended offer: $121k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.8% vs local median 3.7% in Hawthorne — 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 71/100 on livability (#376 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, health & safety A+; Watch: schools D, amenities F, commute F.
• Alachua (urban): math 49% / reading 54% proficiency, ranked #30 of 73 in FL (top 41%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 299 active listings in the ZIP; 1,774 units permitted in Alachua County in 2024 (984 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $892 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Alachua County population projected at +26% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 66 days — a 6% lower offer ($121k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $64k; list at $129k implies a 102% 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→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $121,260 (6.0% below list)

Questions for the listing agent

1. It's been on market 66 days. Have you received any prior offers? Is the seller open to a 6% 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 D-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: 1.10% ✓
• Cap rate: 8.80%
• Cash-on-cash: 8.97%
• DSCR: 1.40
• GRM: 7.6

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: -2.7%
• Equity multiple: 0.90×
• Total profit: $-3,715
• Equity at exit: $19,234

10-year hold

• IRR: 7.0%
• Equity multiple: 1.52×
• Total profit: $18,894
• Equity at exit: $11,154

Cash invested: $36,120 (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 32640

• Home prices YoY: -5.3%
• Active inventory: 299
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $1,423 medium
• Mortgage (P&I): −$676
• Tax from tax record: −$124 /mo · $1,493/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$299
• Net cashflow: $270

Break-even live

Break-even rent $1,082

Max offer price $129,000

Occupancy floor 76%

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: $32,250
• Closing costs: $3,870
• Reserves months: —
• Total cash needed: —

Listing history 21 events

1. 2026-06-18
   days on market $129,000 Active 66 DOM
2. 2026-06-17
   days on market $129,000 Active 65 DOM
3. 2026-06-16
   days on market $129,000 Active 64 DOM
4. 2026-06-15
   days on market $129,000 Active 63 DOM
5. 2026-06-14
   days on market $129,000 Active 61 DOM
6. 2026-06-13
   days on market $129,000 Active 60 DOM
7. 2026-06-10
   days on market $129,000 Active 58 DOM
8. 2026-06-09
   days on market $129,000 Active 57 DOM
9. 2026-06-08
   days on market $129,000 Active 56 DOM
10. 2026-06-07
    days on market $129,000 Active 55 DOM
11. 2026-06-05
    days on market $129,000 Active 52 DOM
12. 2026-06-03
    days on market $129,000 Active 51 DOM
13. 2026-06-02
    days on market $129,000 Active 50 DOM
14. 2026-06-01
    days on market $129,000 Active 49 DOM
15. 2026-05-31
    pricedays on market $129,000 Active 48 DOM
16. 2026-05-30
    days on market $134,000 Active 47 DOM
17. 2026-04-28
    price $134,000 679-char remark

    Show marketing remark (679 chars)

    All we need is love… and this home could definitely use some love. Opportunity awaits with this 1995 manufactured home situated on 1.4 acres of land. Offering 3 bedrooms, 2 bathrooms, and approximately 1,152 sq ft of living space, this property is ideal for investors, flippers, or buyers looking for a renovation project. The home features a functional layout with split-bedroom design, but will require repairs and updates. Evidence of wear, including interior staining and deferred maintenance, is present. Property is being sold as-is and is priced accordingly. Outside, the land gives you room to expand, garden, or simply enjoy the peace and quiet of country living.

18. 2026-04-13
    listed $139,000 Active 679-char remark

    Show marketing remark (679 chars)

    All we need is love… and this home could definitely use some love. Opportunity awaits with this 1995 manufactured home situated on 1.4 acres of land. Offering 3 bedrooms, 2 bathrooms, and approximately 1,152 sq ft of living space, this property is ideal for investors, flippers, or buyers looking for a renovation project. The home features a functional layout with split-bedroom design, but will require repairs and updates. Evidence of wear, including interior staining and deferred maintenance, is present. Property is being sold as-is and is priced accordingly. Outside, the land gives you room to expand, garden, or simply enjoy the peace and quiet of country living.

19. 2005-10-06
    soldstatus $64,000
20. 1999-12-10
    soldstatus $45,000
21. 1990-10-17
    soldstatus $12,500

ⓘ 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: $1,493 · $124/mo
• Projected year-2 tax: $1,493 · $124/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 7/10 Severe
• 🌡 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 4/10 Moderate 4 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,081
• − Mortgage interest: −$7,226
• − Property taxes: −$1,493
• − Insurance: −$645
• − Repairs & maintenance: −$1,367
• − Management: −$1,367
• − Depreciation: −$3,753
• Taxable income: $1,232
• Est. tax owed @ 24.0%: −$296
• After-tax cash flow: $2,943/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: Alachua
• NCES district ID: 1200030
• Math proficiency: 49% ▼ -9.00%
• Reading proficiency: 54% ▼ -3.00%
• Median HH income: $42,683
• Composite: 43.31/100
• National rank: #3038
• State rank: #30 of 73 in FL

Livability — Hawthorne

• Score: 71/100
• State rank: #376
• US rank: #6630

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 10,780

Population outlook (Alachua County) Hauer SSP2

• Today (2025): 289,834 people
• By 2030: 305,873 · +5.5%
• By 2040: 335,246 · +15.7%
• By 2050: 364,719 · +25.8%
• By 2075: 436,665 · +50.7%
• By 2100: 482,920 · +66.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (69%)
• Race & ethnicity: White 69% Black 24% Two or more races 4% Hispanic / Latino 4%
• Common ancestry: Slovak 2% Lithuanian 2% Serbian 1%
• Foreign-born: 3% · Canada
• Languages at home: 98% English-only · Spanish 2%

Political lean MEDSL · Alachua

• 2024 margin: Strong D (+21.0) · D 59.7% · R 38.8% · Other 1.5%
• 2008→2024 swing: -0.6pp no change · 2008: 21.6pp · 2024: 21.0pp
• All cycles: 2024: D+21.0 2020: D+27.2 2016: D+22.5 2012: D+17.3 2008: D+21.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -15.68%
• Current HPI: 278.0079
• 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

+972.0% since first listed

5 events — show timeline

• 2026-04-28 Price Changed $134,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-13 Listed $139,000 Stellar MLS as Distributed by MLS Grid
• 2005-10-06 Sold (Public Records) $64,000 Public Records
• 1999-12-10 Sold (Public Records) $45,000 Public Records
• 1990-10-17 Sold (Public Records) $12,500 Public Records

Property tax history

+2.0%/yr

Latest (2025): $1,493 · +5.7% YoY. Source: county tax records.