11340 SW 28th Way · Bushnell, FL 33587

$188,000

3 bd · 2.0 ba · 1,716 sqft · Manufactured public records · 1 Days on market

Built 1990 2.00 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 +19.9/30.0
• ARV discount +7.5/15.0
• DSCR +6.3/10.0
• Schools +5.2/10.0
• Appreciation +5.0/10.0
• 1% rule +3.9/10.0
• Livability +2.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Welcome to your tranquil countryside retreat! This manufactured home features three bedrooms, two bathrooms, and sits majestically on nearly 2 acres of private land that offers water views of a serene lake/pond. Come and experience the beauty and serenity this property has to offer. * BACK ON MARKET! * Zoned RR1 - bring your farm animals! New Roof being placed on this month!

Key facts

• Living room
• Plenty of parking
• Dining area

Tags

• LARGE KITCHEN
• DINING AREA
• LIVING ROOM
• FAMILY ROOM WITH FIREPLACE
• LARGE COVERED ENTRY AREA
• PLENTY OF PARKING

Property features AI

Finance

• Other: Property type: Residential (mobile home); Lot approx. 1.92 acres

Exterior

• Parking: Detached carport; 1 carport space
• Utilities: Well water; Septic tank (sewer not available)
• Home design: Mobile home (double wide); One story; Attached property; Has a view; Agricultural use/zoning
• Construction: Vinyl siding; Built with a foundation suitable for a mobile home
• Exterior features: Covered patio/porch; Fire pit; Shed(s); Other outbuilding(s)

Interior

• Kitchen: Dishwasher; Electric range; Microwave; Refrigerator
• Bedrooms: Unfurnished
• Flooring: Carpet; Laminate; Other
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Double vanity; Electric fireplace
• Laundry & utility: Washer hookup; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $188k.

Deal economics

• At list price, monthly cash flow is $102 ($1k/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 $168k (10.6% below list).
• Recommended offer: $168k (10.6% below list) — sets the bar for 1% rule.
• Cap rate 7.7% vs local median 4.2% in Bushnell — 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 58/100 on livability (#835 in FL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+, crime A-; Watch: health & safety C-, schools D+, amenities F.
• Sumter (rural): math 61% / reading 61% proficiency, ranked #11 of 73 in FL (top 15%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 1 active listings in the ZIP; 3,961 units permitted in Sumter County in 2024 (248 in 5+ unit buildings).

Forward outlook

• In year one you build about $7k of equity ($1k loan paydown + $6k appreciation (3.0% local appreciation)).
• Sumter County population projected at +45% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (3.0% appreciation + 3.0% rent growth), your $53k cash investment doubles in ~6 years — after that, you're playing with house money.
• By year 5, paydown + projected appreciation supports a ~$30k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 7 sale attempts since 24y 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.
• Current owner paid $120k; list at $188k implies a 57% gain — meaningful room to come down on a strong offer.

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→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $168,117 (10.6% below list)

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: 0.89% ✗
• Cap rate: 7.74%
• Cash-on-cash: 5.18%
• DSCR: 1.23
• GRM: 9.3

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: 9.7%
• Equity multiple: 1.55×
• Total profit: $29,113
• Equity at exit: $84,533

10-year hold

• IRR: 12.0%
• Equity multiple: 2.80×
• Total profit: $94,553
• Equity at exit: $130,275

Cash invested: $52,640 (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 33587

• Active inventory: 1
• Price-to-rent: 9.3×

Monthly cashflow live

• Estimated rent: $1,681 medium
• Mortgage (P&I): −$986
• Tax from tax record: −$37 /mo · $442/yr
• Insurance: −$78
• Flood insurance flood zone: −$125 /mo · $1,502/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$353
• Net cashflow: $102

Break-even live

Break-even rent $1,552

Max offer price $188,000

Occupancy floor 89%

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: $47,000
• Closing costs: $5,640
• Reserves months: —
• Total cash needed: —

Listing history 34 events

1. 2026-06-19
   remarks 660-char remark
2. 2026-06-19
   days on marketlisting id $188,000 Active 1 DOM
3. 2026-06-18
   days on market $188,000 Active 33 DOM
4. 2026-06-17
   days on market $188,000 Active 32 DOM
5. 2026-06-16
   days on market $188,000 Active 31 DOM
6. 2026-06-15
   days on market $188,000 Active 30 DOM
7. 2026-06-14
   days on market $188,000 Active 28 DOM
8. 2026-06-13
   days on market $188,000 Active 27 DOM
9. 2026-06-10
   days on market $188,000 Active 25 DOM
10. 2026-06-09
    days on market $188,000 Active 24 DOM
11. 2026-06-08
    days on market $188,000 Active 23 DOM
12. 2026-06-07
    remarks 568-char remark
13. 2026-06-07
    pricedays on market $188,000 Active 22 DOM
14. 2026-06-02
    days on market $189,000 Active 17 DOM
15. 2026-06-01
    days on market $189,000 Active 16 DOM
16. 2026-05-31
    days on market $189,000 Active 15 DOM
17. 2026-05-30
    days on market $189,000 Active 14 DOM
18. 2026-05-16
    listed $189,000 Active
19. 2024-03-13
    soldstatus $120,000
20. 2024-03-06
    soldstatus $120,000 Closed 378-char remark

    Show marketing remark (378 chars)

    Welcome to your tranquil countryside retreat! This manufactured home features three bedrooms, two bathrooms, and sits majestically on nearly 2 acres of private land that offers water views of a serene lake/pond. Come and experience the beauty and serenity this property has to offer. * BACK ON MARKET! * Zoned RR1 - bring your farm animals! New Roof being placed on this month!

21. 2024-02-10
    status Pending 378-char remark

    Show marketing remark (378 chars)

    Welcome to your tranquil countryside retreat! This manufactured home features three bedrooms, two bathrooms, and sits majestically on nearly 2 acres of private land that offers water views of a serene lake/pond. Come and experience the beauty and serenity this property has to offer. * BACK ON MARKET! * Zoned RR1 - bring your farm animals! New Roof being placed on this month!

22. 2024-01-16
    status Active 378-char remark

    Show marketing remark (378 chars)

    Welcome to your tranquil countryside retreat! This manufactured home features three bedrooms, two bathrooms, and sits majestically on nearly 2 acres of private land that offers water views of a serene lake/pond. Come and experience the beauty and serenity this property has to offer. * BACK ON MARKET! * Zoned RR1 - bring your farm animals! New Roof being placed on this month!

23. 2024-01-10
    status Pending 378-char remark

    Show marketing remark (378 chars)

    Welcome to your tranquil countryside retreat! This manufactured home features three bedrooms, two bathrooms, and sits majestically on nearly 2 acres of private land that offers water views of a serene lake/pond. Come and experience the beauty and serenity this property has to offer. * BACK ON MARKET! * Zoned RR1 - bring your farm animals! New Roof being placed on this month!

24. 2024-01-02
    listed $143,000 Active 378-char remark

    Show marketing remark (378 chars)

    Welcome to your tranquil countryside retreat! This manufactured home features three bedrooms, two bathrooms, and sits majestically on nearly 2 acres of private land that offers water views of a serene lake/pond. Come and experience the beauty and serenity this property has to offer. * BACK ON MARKET! * Zoned RR1 - bring your farm animals! New Roof being placed on this month!

25. 2017-05-02
    soldstatus $55,000
26. 2008-01-11
    historical
27. 2007-05-11
    listed $40,000
28. 2004-08-05
    soldstatus $73,100
29. 2004-06-25
    listed $70,000
30. 2003-01-28
    soldstatus $59,000
31. 2003-01-22
    soldstatus $59,000
32. 2003-01-22
    soldstatus $59,000
33. 2002-07-02
    listed $59,000
34. 2002-07-02
    listed $59,000

ⓘ 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: $442 · $37/mo
• Projected year-2 tax: $1,560 · $130/mo
• Expected delta: +$1,118/yr (+$93/mo · 252.7%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone A · 0% chance over 30 yrs
• 🔥 Wildfire 6/10 Major
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°F today · 24 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,174
• − Mortgage interest: −$10,531
• − Property taxes: −$442
• − Insurance: −$2,442
• − Repairs & maintenance: −$1,614
• − Management: −$1,614
• − Depreciation: −$5,469
• Taxable loss: −$1,939
• Est. tax savings @ 24.0%: +$465
• After-tax cash flow: $1,687/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: Sumter
• NCES district ID: 1201800
• Math proficiency: 61% ▼ -4.00%
• Reading proficiency: 61% ▼ -2.00%
• Median HH income: $48,240
• Composite: 51.74/100
• National rank: #1682
• State rank: #11 of 73 in FL

Livability — Bushnell

• Score: 58/100
• State rank: #835
• US rank: #20676

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

No demographic data for this ZIP.

Market trends

• HPI YoY: —
• Current HPI: —
• 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

+220.3% since first listed

17 events — show timeline

• 2026-05-16 Listed $189,000 HCAR
• 2024-03-13 Sold (Public Records) $120,000 Public Records
• 2024-03-06 Sold (MLS) $120,000 Stellar MLS as Distributed by MLS Grid
• 2024-02-10 Pending — Stellar MLS as Distributed by MLS Grid
• 2024-01-16 Relisted — Stellar MLS as Distributed by MLS Grid
• 2024-01-10 Pending — Stellar MLS as Distributed by MLS Grid
• 2024-01-02 Listed $143,000 Stellar MLS as Distributed by MLS Grid
• 2017-05-02 Sold (Public Records) $55,000 Public Records
• 2008-01-11 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2007-05-11 Listed $40,000 Stellar MLS as Distributed by MLS Grid
• 2004-08-05 Sold (Public Records) $73,100 Public Records
• 2004-06-25 Listed $70,000 HCAR
• 2003-01-28 Sold (Public Records) $59,000 Public Records
• 2003-01-22 Sold (MLS) $59,000 St. Augustine and St. Johns County Board of REALTORS®
• 2003-01-22 Sold (MLS) $59,000 HCAR
• 2002-07-02 Listed $59,000 St. Augustine and St. Johns County Board of REALTORS®
• 2002-07-02 Listed $59,000 HCAR

Property tax history

-6.3%/yr

Latest (2025): $442 · -65.0% YoY. Source: county tax records.