35437 Harbor Shores Rd · Lisbon, FL 34788

$124,500

2 bd · 1.0 ba · 732 sqft · Manufactured public records · 30 Days on market

Built 1985

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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 +28.9/30.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• 1% rule +7.1/10.0
• Schools +4.2/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

THIS 1973 SINGLE WIDE HOME HAS BEEN TOTALLY UPDATED WITH NEW EFFECTIVE DATE OF 1988 BY THE LAKE COUNTY PROPERTY APPRAISER. THIS HOME HAS BEEN REWIRED WITH 200 AMP UNDERGROUND SERVICE, WITH COAX WITH 6 DROPS IN HOME, WITH 100 AMP PANELS IN HOME AND WORKSHOP, REPLUMBED WITH COPPER NO GRAY PIPE, NEW CEILINGS, NEW WALLS, NEW LAMINATE FLOORING THROUGHOUT, INSULATION IN CEILINGS, WALLS AND FLOORS. NEW KITCHEN CABINETS AND BUILT IN SHELVING, LARGE ROLLING ISLAND FOR FOOD PREPARATION. NEW BARN DOORS ON PRIMARY BEDROOM, UPDATED BATH WITH NEW ANTIQUE PEDESTAL SINK AND LARGE SHOWER, ALONG WITH BUILT IN SHELVING, NEWER CENTRAL HEAT AND AIR, ALONG WITH A WINDOW UNIT IN LIVING ROOM, NEWER 40 GALLON HOT WATER HEATER IN STORAGE/WORKSHOP BUILDING (16 X 16) ALL ON . 22 ACRES OF LAND, FENCED WITH A WELL, SEPTIC TANK AND WATER FILTRATION SYSTEM. ALL THIS AND NO HOA. MAKE YOUR APPOINTMENT TODAY TO SEE THIS HOME!

Key facts

• New lighting
• New flooring
• Fully furnished

Tags

• FULLY FURNISHED
• NEW FLOORING
• NEW LIGHTING
• LARGE STORAGE BUILDING

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $124k.

Deal economics

• At list price, monthly cash flow is $421 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $124k).
• Recommended offer: $123k (1.5% below list) — sets the bar for market timing.
• Cap rate 10.4% vs local median 5.5% in Lisbon — 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 65/100 on livability (#642 in FL) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, crime A; Watch: schools D, amenities F, commute F.
• Lake (suburban): math 49% / reading 50% proficiency, ranked #37 of 73 in FL (top 51%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 285 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 4,799 units permitted in Lake County in 2024 (814 in 5+ unit buildings).
• This rent runs 33% of the median local income ($54k/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 $861 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Lake County population projected at +37% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $35k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 30 days — a 2% lower offer ($123k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts 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 $79k; list at $124k implies a 58% 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; 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 $122,632 (1.5% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
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: 1.21% ✓
• Cap rate: 10.35%
• Cash-on-cash: 14.49%
• DSCR: 1.64
• GRM: 6.9

CMA / ARV

• ARV (on-the-fly): $54,168
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
35540 Shelley Dr	0.37mi	2/2.0	840 (+15%)	1mo	$61,900	$74	53

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: 4.9%
• Equity multiple: 1.19×
• Total profit: $6,602
• Equity at exit: $18,563

10-year hold

• IRR: 14.3%
• Equity multiple: 2.15×
• Total profit: $40,130
• Equity at exit: $10,764

Cash invested: $34,860 (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 34788

• Home prices YoY: -18.2%
• Active inventory: 285
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $1,503 medium
• Mortgage (P&I): −$653
• Tax from tax record: −$62 /mo · $740/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$316
• Net cashflow: $421

Break-even live

Break-even rent $970

Max offer price $124,500

Occupancy floor 67%

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: $31,125
• Closing costs: $3,735
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
36010 Sand Rd Grand Island, FL	1.0	1.0	396	$999	$2.52	24d	1	1.21mi

Listing history 20 events

1. 2026-06-18
   days on market $124,500 Active 30 DOM
2. 2026-06-17
   days on market $124,500 Active 29 DOM
3. 2026-06-16
   days on market $124,500 Active 28 DOM
4. 2026-06-15
   days on market $124,500 Active 27 DOM
5. 2026-06-13
   days on market $124,500 Active 25 DOM
6. 2026-06-09
   days on market $124,500 Active 21 DOM
7. 2026-06-08
   days on market $124,500 Active 20 DOM
8. 2026-06-07
   days on market $124,500 Active 19 DOM
9. 2026-06-04
   days on market $124,500 Active 16 DOM
10. 2026-06-03
    days on market $124,500 Active 15 DOM
11. 2026-06-02
    days on market $124,500 Active 14 DOM
12. 2026-06-02
    days on market $124,500 Active 13 DOM
13. 2026-05-31
    days on market $124,500 Active 12 DOM
14. 2026-05-20
    listed $124,500 Active
15. 2025-12-30
    soldstatus $79,000
16. 2025-12-19
    soldstatus $79,000 Closed 904-char remark

    Show marketing remark (904 chars)

    THIS 1973 SINGLE WIDE HOME HAS BEEN TOTALLY UPDATED WITH NEW EFFECTIVE DATE OF 1988 BY THE LAKE COUNTY PROPERTY APPRAISER. THIS HOME HAS BEEN REWIRED WITH 200 AMP UNDERGROUND SERVICE, WITH COAX WITH 6 DROPS IN HOME, WITH 100 AMP PANELS IN HOME AND WORKSHOP, REPLUMBED WITH COPPER NO GRAY PIPE, NEW CEILINGS, NEW WALLS, NEW LAMINATE FLOORING THROUGHOUT, INSULATION IN CEILINGS, WALLS AND FLOORS. NEW KITCHEN CABINETS AND BUILT IN SHELVING, LARGE ROLLING ISLAND FOR FOOD PREPARATION. NEW BARN DOORS ON PRIMARY BEDROOM, UPDATED BATH WITH NEW ANTIQUE PEDESTAL SINK AND LARGE SHOWER, ALONG WITH BUILT IN SHELVING, NEWER CENTRAL HEAT AND AIR, ALONG WITH A WINDOW UNIT IN LIVING ROOM, NEWER 40 GALLON HOT WATER HEATER IN STORAGE/WORKSHOP BUILDING (16 X 16) ALL ON . 22 ACRES OF LAND, FENCED WITH A WELL, SEPTIC TANK AND WATER FILTRATION SYSTEM. ALL THIS AND NO HOA. MAKE YOUR APPOINTMENT TODAY TO SEE THIS HOME!

17. 2025-12-14
    status Pending 904-char remark

    Show marketing remark (904 chars)

    THIS 1973 SINGLE WIDE HOME HAS BEEN TOTALLY UPDATED WITH NEW EFFECTIVE DATE OF 1988 BY THE LAKE COUNTY PROPERTY APPRAISER. THIS HOME HAS BEEN REWIRED WITH 200 AMP UNDERGROUND SERVICE, WITH COAX WITH 6 DROPS IN HOME, WITH 100 AMP PANELS IN HOME AND WORKSHOP, REPLUMBED WITH COPPER NO GRAY PIPE, NEW CEILINGS, NEW WALLS, NEW LAMINATE FLOORING THROUGHOUT, INSULATION IN CEILINGS, WALLS AND FLOORS. NEW KITCHEN CABINETS AND BUILT IN SHELVING, LARGE ROLLING ISLAND FOR FOOD PREPARATION. NEW BARN DOORS ON PRIMARY BEDROOM, UPDATED BATH WITH NEW ANTIQUE PEDESTAL SINK AND LARGE SHOWER, ALONG WITH BUILT IN SHELVING, NEWER CENTRAL HEAT AND AIR, ALONG WITH A WINDOW UNIT IN LIVING ROOM, NEWER 40 GALLON HOT WATER HEATER IN STORAGE/WORKSHOP BUILDING (16 X 16) ALL ON . 22 ACRES OF LAND, FENCED WITH A WELL, SEPTIC TANK AND WATER FILTRATION SYSTEM. ALL THIS AND NO HOA. MAKE YOUR APPOINTMENT TODAY TO SEE THIS HOME!

18. 2025-10-26
    status Active 904-char remark

    Show marketing remark (904 chars)

    THIS 1973 SINGLE WIDE HOME HAS BEEN TOTALLY UPDATED WITH NEW EFFECTIVE DATE OF 1988 BY THE LAKE COUNTY PROPERTY APPRAISER. THIS HOME HAS BEEN REWIRED WITH 200 AMP UNDERGROUND SERVICE, WITH COAX WITH 6 DROPS IN HOME, WITH 100 AMP PANELS IN HOME AND WORKSHOP, REPLUMBED WITH COPPER NO GRAY PIPE, NEW CEILINGS, NEW WALLS, NEW LAMINATE FLOORING THROUGHOUT, INSULATION IN CEILINGS, WALLS AND FLOORS. NEW KITCHEN CABINETS AND BUILT IN SHELVING, LARGE ROLLING ISLAND FOR FOOD PREPARATION. NEW BARN DOORS ON PRIMARY BEDROOM, UPDATED BATH WITH NEW ANTIQUE PEDESTAL SINK AND LARGE SHOWER, ALONG WITH BUILT IN SHELVING, NEWER CENTRAL HEAT AND AIR, ALONG WITH A WINDOW UNIT IN LIVING ROOM, NEWER 40 GALLON HOT WATER HEATER IN STORAGE/WORKSHOP BUILDING (16 X 16) ALL ON . 22 ACRES OF LAND, FENCED WITH A WELL, SEPTIC TANK AND WATER FILTRATION SYSTEM. ALL THIS AND NO HOA. MAKE YOUR APPOINTMENT TODAY TO SEE THIS HOME!

19. 2025-10-10
    status Pending 904-char remark

    Show marketing remark (904 chars)

    THIS 1973 SINGLE WIDE HOME HAS BEEN TOTALLY UPDATED WITH NEW EFFECTIVE DATE OF 1988 BY THE LAKE COUNTY PROPERTY APPRAISER. THIS HOME HAS BEEN REWIRED WITH 200 AMP UNDERGROUND SERVICE, WITH COAX WITH 6 DROPS IN HOME, WITH 100 AMP PANELS IN HOME AND WORKSHOP, REPLUMBED WITH COPPER NO GRAY PIPE, NEW CEILINGS, NEW WALLS, NEW LAMINATE FLOORING THROUGHOUT, INSULATION IN CEILINGS, WALLS AND FLOORS. NEW KITCHEN CABINETS AND BUILT IN SHELVING, LARGE ROLLING ISLAND FOR FOOD PREPARATION. NEW BARN DOORS ON PRIMARY BEDROOM, UPDATED BATH WITH NEW ANTIQUE PEDESTAL SINK AND LARGE SHOWER, ALONG WITH BUILT IN SHELVING, NEWER CENTRAL HEAT AND AIR, ALONG WITH A WINDOW UNIT IN LIVING ROOM, NEWER 40 GALLON HOT WATER HEATER IN STORAGE/WORKSHOP BUILDING (16 X 16) ALL ON . 22 ACRES OF LAND, FENCED WITH A WELL, SEPTIC TANK AND WATER FILTRATION SYSTEM. ALL THIS AND NO HOA. MAKE YOUR APPOINTMENT TODAY TO SEE THIS HOME!

20. 2025-08-06
    listed $89,900 Active 904-char remark

    Show marketing remark (904 chars)

    THIS 1973 SINGLE WIDE HOME HAS BEEN TOTALLY UPDATED WITH NEW EFFECTIVE DATE OF 1988 BY THE LAKE COUNTY PROPERTY APPRAISER. THIS HOME HAS BEEN REWIRED WITH 200 AMP UNDERGROUND SERVICE, WITH COAX WITH 6 DROPS IN HOME, WITH 100 AMP PANELS IN HOME AND WORKSHOP, REPLUMBED WITH COPPER NO GRAY PIPE, NEW CEILINGS, NEW WALLS, NEW LAMINATE FLOORING THROUGHOUT, INSULATION IN CEILINGS, WALLS AND FLOORS. NEW KITCHEN CABINETS AND BUILT IN SHELVING, LARGE ROLLING ISLAND FOR FOOD PREPARATION. NEW BARN DOORS ON PRIMARY BEDROOM, UPDATED BATH WITH NEW ANTIQUE PEDESTAL SINK AND LARGE SHOWER, ALONG WITH BUILT IN SHELVING, NEWER CENTRAL HEAT AND AIR, ALONG WITH A WINDOW UNIT IN LIVING ROOM, NEWER 40 GALLON HOT WATER HEATER IN STORAGE/WORKSHOP BUILDING (16 X 16) ALL ON . 22 ACRES OF LAND, FENCED WITH A WELL, SEPTIC TANK AND WATER FILTRATION SYSTEM. ALL THIS AND NO HOA. MAKE YOUR APPOINTMENT TODAY TO SEE THIS HOME!

ⓘ 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: $740 · $62/mo
• Projected year-2 tax: $1,033 · $86/mo
• Expected delta: +$294/yr (+$24/mo · 39.7%)

ⓘ 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 ≥107°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: $18,036
• − Mortgage interest: −$6,974
• − Property taxes: −$740
• − Insurance: −$622
• − Repairs & maintenance: −$1,443
• − Management: −$1,443
• − Depreciation: −$3,622
• Taxable income: $3,192
• Est. tax owed @ 24.0%: −$766
• After-tax cash flow: $4,285/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: Lake
• NCES district ID: 1201050
• Math proficiency: 49% ▼ -7.00%
• Reading proficiency: 50% ▼ -4.00%
• Median HH income: $46,632
• Composite: 42.05/100
• National rank: #3327
• State rank: #37 of 73 in FL

Livability — Lisbon

• Score: 65/100
• State rank: #642
• US rank: #12649

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Lake County · 364,602 people
• City population: 21,867
• Metro: Orlando-Kissimmee-Sanford, FL
• Population (ZIP): 22,137
• Household income: $54,147
• Rent vs Own: 16.2% rent · 83.8% own
• Severe rent burden: 406.0

Population outlook (Lake County) Hauer SSP2

• Today (2025): 386,640 people
• By 2030: 417,107 · +7.9%
• By 2040: 476,676 · +23.3%
• By 2050: 531,296 · +37.4%
• By 2075: 648,303 · +67.7%
• By 2100: 698,530 · +80.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (79%)
• Race & ethnicity: White 79% Hispanic / Latino 12% Two or more races 7% Black 5% Asian 1%
• Hispanic origin (detail): Mexican 3% Puerto Rican 6%
• Common ancestry: Romanian 4% Lithuanian 3% Slovak 2%
• Foreign-born: 5% · Canada, South Korea
• Languages at home: 88% English-only · Spanish 9% German/W. Germanic 1% Tagalog/Filipino 1%

Political lean MEDSL · Lake

• 2024 margin: Strong R (+24.7) · D 37.3% · R 62.0%
• 2008→2024 swing: -11.2pp toward R · 2008: -13.5pp · 2024: -24.7pp
• All cycles: 2024: R+24.7 2020: R+20.0 2016: R+23.1 2012: R+17.1 2008: R+13.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -61.07%
• Current HPI: 273.6616
• Rent YoY: —
• 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

+38.5% since first listed

7 events — show timeline

• 2026-05-20 Listed $124,500 FSBO.com
• 2025-12-30 Sold (Public Records) $79,000 Public Records
• 2025-12-19 Sold (MLS) $79,000 Stellar MLS as Distributed by MLS Grid
• 2025-12-14 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-10-26 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-10-10 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-08-06 Listed $89,900 Stellar MLS as Distributed by MLS Grid

Property tax history

+6.1%/yr

Latest (2025): $740 · -2.7% YoY. Source: county tax records.