112 Pridgeon St · Interlachen, FL 32148

$65,000

2 bd · 2.0 ba · 1,216 sqft · Manufactured public records · 10 Days on market

Built 1995 9,375 sqft lot

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Why this score? — see what drove the B- 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.4/5.0
• Schools +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Paved road frontage with 2 bedroom 2 bath 1995 single wide mobile home. Home in need of updating property sold as is cash buyers only.

Key facts

• Outdoor recreation
• Public boat ramp
• Near lakes

Tags

• NEAR LAKES
• PUBLIC BOAT RAMP
• OUTDOOR RECREATION

Property features AI

Finance

• Other: Lot size approximately 0.22 acre (75 x 125)
• HOA & community: No association

Exterior

• Utilities: Well water; Septic tank; Electricity connected; Water connected
• Home design: Manufactured home (single wide); Residential property; One story; Faces west; Entry level: One
• Construction: Metal siding; Shingle roof; Slab foundation; Built as a manufactured single wide
• Exterior features: Asphalt road access

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Other
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans
• Laundry & utility: Washer hookup; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $65k.

Deal economics

• At list price, monthly cash flow is $422 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $65k).
• Cap rate 16.4% vs local median 5.6% in Interlachen — 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 (#540 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: schools D-, amenities F, commute F.
• Putnam (town): math 34% / reading 39% proficiency, ranked #66 of 73 in FL (top 90%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 71% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 759 active listings in the ZIP; 113 units permitted in Putnam County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $449 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Putnam County population projected at -31% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $18k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 4y ago; this cycle's ask has dropped $15k (19%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: flood insurance adds $125/mo.
• Climate carrying-cost: in FEMA flood zone A (mandatory federal flood insurance); 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 $65,000

Questions for the listing agent

1. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 1.98% ✓
• Cap rate: 16.40%
• Cash-on-cash: 36.10%
• DSCR: 2.61
• GRM: 4.2

CMA / ARV

• ARV (on-the-fly): $142,272
• Comps found: 10

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
116 Tedesco Ave	0.57mi	3/2.0 (+1)	1,216 (0%)	2mo	$160,000	$132	66
114 Sawyer St	0.53mi	3/2.0 (+1)	1,152 (-5%)	4mo	$135,000	$117	58
106 Howard Dr	0.59mi	3/2.0 (+1)	1,199 (-1%)	9mo	$180,000	$150	58
106 Tempest St	0.58mi	3/2.0 (+1)	1,176 (-3%)	10mo	$140,000	$119	54
123 Salem St	0.71mi	3/2.0 (+1)	1,216 (0%)	17mo	$125,000	$103	48
107 Bay Dr	0.54mi	3/2.0 (+1)	1,152 (-5%)	19mo	$110,000	$95	45
104 Velvet St	0.42mi	3/2.0 (+1)	1,062 (-13%)	14mo	$115,400	$109	43
120 Boll Green Dr	0.53mi	3/2.0 (+1)	1,344 (+10%)	19mo	$147,600	$110	37
155 Reaves Ave	0.68mi	2/1.5	1,383 (+14%)	16mo	$64,000	$46	30
119 Salem St	0.71mi	3/2.0 (+1)	1,054 (-13%)	24mo	$130,000	$123	20

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold

• IRR: 22.1%
• Equity multiple: 1.91×
• Total profit: $16,473
• Equity at exit: $9,692

10-year hold

• IRR: 30.2%
• Equity multiple: 3.72×
• Total profit: $49,422
• Equity at exit: $5,620

Cash invested: $18,200 (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 32148

• Home prices YoY: -5.8%
• Active inventory: 759
• Price-to-rent: 4.2×

Monthly cashflow live

• Estimated rent: $1,289 medium
• Mortgage (P&I): −$341
• Tax from tax record: −$103 /mo · $1,232/yr
• Insurance: −$27
• Flood insurance flood zone: −$125 /mo · $1,502/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$271
• Net cashflow: $422

Break-even live

Break-even rent $754

Max offer price $65,000

Occupancy floor 62%

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: $16,250
• Closing costs: $1,950
• Reserves months: —
• Total cash needed: —

Listing history 12 events

1. 2026-06-13
   statusdays on market $65,000 Pending 10 DOM
2. 2026-06-09
   days on market $65,000 Active 8 DOM
3. 2026-06-08
   pricestatus $65,000 Active 7 DOM
4. 2026-06-02
   status $80,000 Pending 7 DOM
5. 2026-06-01
   days on market $80,000 Active 7 DOM
6. 2026-05-31
   days on market $80,000 Active 6 DOM
7. 2026-05-25
   listed $80,000 Active
8. 2022-06-24
   soldstatus $67,000
9. 2022-06-23
   soldstatus $67,000 Sold 134-char remark

   Show marketing remark (134 chars)

   Paved road frontage with 2 bedroom 2 bath 1995 single wide mobile home. Home in need of updating property sold as is cash buyers only.

10. 2022-06-03
    status Pending 134-char remark

    Show marketing remark (134 chars)

    Paved road frontage with 2 bedroom 2 bath 1995 single wide mobile home. Home in need of updating property sold as is cash buyers only.

11. 2022-05-20
    listed $67,000 Active 134-char remark

    Show marketing remark (134 chars)

    Paved road frontage with 2 bedroom 2 bath 1995 single wide mobile home. Home in need of updating property sold as is cash buyers only.

12. 2011-10-12
    soldstatus $35,000

ⓘ 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: $1,232 · $103/mo
• Projected year-2 tax: $1,232 · $103/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 A · 0% chance over 30 yrs
• 🔥 Wildfire 7/10 Severe
• 🌡 Heat 8/10 Severe 7 d/yr ≥109°F today · 20 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,465
• − Mortgage interest: −$3,641
• − Property taxes: −$1,232
• − Insurance: −$1,828
• − Repairs & maintenance: −$1,237
• − Management: −$1,237
• − Depreciation: −$1,891
• Taxable income: $4,399
• Est. tax owed @ 24.0%: −$1,056
• After-tax cash flow: $4,012/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: Putnam
• NCES district ID: 1201620
• Math proficiency: 34% ▼ -10.00%
• Reading proficiency: 39% ▼ -4.00%
• Median HH income: $33,350
• Composite: 29.99/100
• National rank: #6361
• State rank: #66 of 73 in FL

Livability — Interlachen

• Score: 67/100
• State rank: #540
• US rank: #10162

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

• City population: 11,580
• Population (ZIP): 11,580

Population outlook (Putnam County) Hauer SSP2

• Today (2025): 65,299 people
• By 2030: 61,255 · -6.2%
• By 2040: 52,930 · -18.9%
• By 2050: 45,051 · -31.0%
• By 2075: 28,720 · -56.0%
• By 2100: 15,852 · -75.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (84%)
• Race & ethnicity: White 84% Hispanic / Latino 9% Two or more races 8% Black 3%
• Hispanic origin (detail): Mexican 2% Puerto Rican 7%
• Common ancestry: Slovak 4% Lithuanian 3% Romanian 1%
• Foreign-born: 2% · Canada
• Languages at home: 94% English-only · Spanish 4%

Political lean MEDSL · Putnam

• 2024 margin: Solid R (+47.8) · D 25.8% · R 73.6%
• 2008→2024 swing: -28.5pp toward R · 2008: -19.3pp · 2024: -47.8pp
• All cycles: 2024: R+47.8 2020: R+41.2 2016: R+36.6 2012: R+24.5 2008: R+19.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -16.98%
• Current HPI: 277.2763
• 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

+128.6% since first listed

6 events — show timeline

• 2026-05-25 Listed $80,000 Stellar MLS as Distributed by MLS Grid
• 2022-06-24 Sold (Public Records) $67,000 Public Records
• 2022-06-23 Sold (MLS) $67,000 realMLS
• 2022-06-03 Pending — realMLS
• 2022-05-20 Listed $67,000 realMLS
• 2011-10-12 Sold (Public Records) $35,000 Public Records

Property tax history

+9.2%/yr

Latest (2025): $1,232 · +2.7% YoY. Source: county tax records.