9635 SE 162nd St · Summerfield, FL 34491

$89,000

3 bd · 2.0 ba · 1,058 sqft · Manufactured public records · 206 Days on market

Manufactured home Built 1974 Fair condition 9,583 sqft lot $84/sqft · 44% below area Est $160k · 44% under

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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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +3.7/10.0
• Appreciation +2.5/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.2/5.0
• Manufactured-home adj. -6.3

Listing remarks MLS

Great Opportunity! Own this three-bedroom home in Summerfield with close proximity to Ocala and The Villages. Just shy of a quarter acre, this home has a spacious lot and room to roam. The property has a one car carport, fenced backyard, and storage space. Sold As-is and Ready for the next owner to take over! The tenant may want to remain in the home if possible. Don't miss this opportunity!

Key facts

• 9,583 sq ft lot
• Parking
• Built 1974

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $89k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $509 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $89k).
• Recommended offer: $78k (12.0% below list) — sets the bar for market timing.
• Cap rate 13.2% vs local median 4.5% in Summerfield — 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 B — 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: Harbour View Elementary School (math 41% / reading 38%, grade F, #1,513 of 2,144 statewide, top 73%, 819 students, 71% FRL); Lake Weir Middle School (math 37% / reading 33%, grade F, #416 of 571 statewide, top 74%, 1,207 students, 76% FRL); Belleview High School (math 31% / reading 46%, grade F, #321 of 667 statewide, top 49%, 1,783 students, 56% FRL).
• Market conditions: 1056 active listings in the ZIP; 24 comparable units currently listed for rent nearby; rentals at typical pace (median 27d on market — plan ~3-4 weeks tenant-placement turnaround); 46% of comp listings sitting > 30 days — soft ceiling on asking rent; 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 $615 of loan paydown is wiped out by about $3k 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $25k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 206 days — a 12% lower offer ($78k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 21y ago; this cycle's ask has dropped $10k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $78,320 (12.0% below list)

Questions for the listing agent

1. It's been on market 206 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Built in 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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.
7. 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.
8. 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: 1.63% ✓
• Cap rate: 13.16%
• Cash-on-cash: 24.53%
• DSCR: 2.09
• GRM: 5.1

CMA / ARV

• ARV (median comp): $160,000
• List price: $89,000
• Delta: -44.38%
• Verdict: UNDERPRICED
• Comps: 17 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
16280 SE 95th Ct	0.15mi	2/2.0 (-1)	1,080 (+2%)	9mo	$185,000	$171	77
9545 SE 161st St	0.16mi	3/2.0	1,188 (+12%)	0mo	$190,000	$160	72
16461 SE 95th Ct	0.30mi	2/2.0 (-1)	1,068 (+1%)	16mo	$140,000	$131	66
16160 SE 97th Terr Rd	0.23mi	2/2.0 (-1)	960 (-9%)	4mo	$180,000	$188	65
16040 SE 95th Ct	0.21mi	3/2.0	1,210 (+14%)	3mo	$135,000	$112	64
16591 SE 96th Ave	0.41mi	2/2.0 (-1)	958 (-10%)	3mo	$122,500	$128	57
9970 SE 167th Pl	0.64mi	2/2.0 (-1)	1,088 (+3%)	4mo	$130,000	$119	56

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: 17.9%
• Equity multiple: 1.72×
• Total profit: $18,055
• Equity at exit: $13,270

10-year hold

• IRR: 26.4%
• Equity multiple: 3.31×
• Total profit: $57,643
• Equity at exit: $7,695

Cash invested: $24,920 (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 →

Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 18 active · 13 under contract
• Months of supply: 9.0 mo (11%/mo absorbed)
• Median asking: $148,000 ($144/sqft)
• Median days on market: 64 d
• This list price: 6% of active listings are priced below it
• ARV vs active asking: +5.2% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 34491

• Home prices YoY: -35.0%
• Active inventory: 1056
• Price-to-rent: 5.1×

Monthly cashflow live

• Estimated rent: $1,453 high
• Mortgage (P&I): −$467
• Tax from tax record: −$135 /mo · $1,619/yr
• Insurance: −$37
• HOA: −$0
• Lot rent leased land?: −$0
• Vacancy / Maint / Mgmt: −$305
• Net cashflow: $509

Break-even live

Break-even rent $808

Max offer price $89,000

Occupancy floor 60%

Sensitivity live

Price	-10% $560	-5% $535	+0% $509	+5% $484	+10% $459
Rent	-10% $395	-5% $452	+0% $509	+5% $567	+10% $624
Rate	-1.0pp $554	-0.5pp $532	base $509	+0.5pp $486	+1.0pp $463

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: $22,250
• Closing costs: $2,670
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 24 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
9195 SE 163rd St Summerfield, FL	3.0	2.0	1410	$1,575	$1.12	15d	1	0.42mi
9195 SE 163rd St Summerfield, FL	3.0	2.0	1410	$1,700	$1.21	26d	1	0.42mi
9195 SE 163rd St Summerfield, FL	3.0	2.0	1410	$1,575	$1.12	10d	1	0.42mi
9679 SE 157th Ln Summerfield, FL	3.0	2.0	1439	$2,000	$1.39	6d	1	0.47mi
9990 SE 166th St Summerfield, FL	3.0	2.0	962	$1,395	$1.45	154d	1	0.54mi
9523 SE 168th Maplesong Ln The Villages, FL	3.0	2.0	1265	$1,975	$1.56	162d	1	0.64mi
15710 SE 92nd Ave Summerfield, FL	3.0	2.0	1232	$1,495	$1.21	10d	1	0.67mi
15710 SE 92nd Ave Summerfield, FL	3.0	2.0	1232	$1,495	$1.21	14d	1	0.67mi
10326 SE 162nd Place Rd Summerfield, FL	3.0	2.0	1419	$2,300	$1.62	154d	1	0.72mi
10326 SE 162nd Place Rd Summerfield, FL	3.0	2.0	1419	$1,600	$1.13	10d	1	0.72mi
10326 SE 162nd Place Rd Summerfield, FL	3.0	2.0	1419	$1,600	$1.13	17d	1	0.72mi
16430 SE 89th Ct Summerfield, FL	3.0	2.0	1393	$2,200	$1.58	6d	1	0.73mi
16962 SE 94th Sunnybrook Cir The Villages, FL	2.0	2.0	1160	$2,000	$1.72	162d	1	0.74mi
9701 SE 171st Argyll St The Villages, FL	2.0	2.0	1148	$2,050	$1.79	51d	1	0.74mi
17199 SE 97th Ter Summerfield, FL	3.0	2.0	1404	$1,990	$1.42	10d	1	1.00mi
8721 SE 157th St Summerfield, FL	3.0	2.0	1236	$1,650	$1.33	162d	1	1.05mi
17343 SE 98th Cir Summerfield, FL	2.0	2.0	1148	$1,700	$1.48	10d	1	1.12mi
8364 SE 158th Pl Summerfield, FL	3.0	2.0	1374	$2,000	$1.46	154d	1	1.28mi
8352 SE 158th Pl Summerfield, FL	3.0	2.0	1232	$1,800	$1.46	1d	1	1.30mi
11001 SE Sunset Harbor Rd Unit H52 Summerfield, FL	2.0	2.5	1224	$1,440	$1.18	162d	1	1.39mi
11001 SE Sunset Harbor Rd Unit A8 Summerfield, FL	2.0	1.5	1200	$1,500	$1.25	2d	1	1.40mi
11001 SE Sunset Harbor Rd Unit A08 Summerfield, FL	2.0	2.0	1200	$2,000	$1.67	51d	1	1.41mi
17532 SE 100th Ct Summerfield, FL	2.0	2.0	1217	$1,800	$1.48	162d	1	1.41mi
11001 SE Sunset Harbor Rd Summerfield, FL	2.0	1.5–2.0	1244	$1,770	$1.42	162d	2	1.42mi

Property features AI

Finance

• Other: Zoned R4Lot approximately 0.22 acre (about 0 to less than 1/4 acre)
• HOA & community: No homeowners association indicated

Exterior

• Parking: DrivewayOff-street parking1-car carport
• Utilities: Septic tankElectricity connectedCable availableNo municipal water listed
• Home design: Residential mobile homeDouble wideOne storyNorthwest facing
• Construction: Frame constructionMetal roofCrawlspace foundationBuilt as a double wide
• Exterior features: Cleared lotPaved accessIn-county locationUnincorporated areaShed(s) on property

Interior

• Kitchen: Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Laminate flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heatingCentral air conditioning
• Interior features: Split bedroom layout
• Laundry & utility: No laundry hook-ups listed

Listing history 50 events

1. 2026-11-08
   days on market $89,000 Active 206 DOM
2. 2026-11-07
   days on market $89,000 Active 205 DOM
3. 2026-11-06
   days on market $89,000 Active 204 DOM
4. 2026-11-05
   days on market $89,000 Active 203 DOM
5. 2026-11-04
   days on market $89,000 Active 202 DOM
6. 2026-11-02
   days on market $89,000 Active 200 DOM
7. 2026-11-01
   days on market $89,000 Active 199 DOM
8. 2026-10-31
   days on market $89,000 Active 198 DOM
9. 2026-10-30
   days on market $89,000 Active 197 DOM
10. 2026-10-29
    days on market $89,000 Active 196 DOM
11. 2026-10-28
    days on market $89,000 Active 195 DOM
12. 2026-10-27
    days on market $89,000 Active 194 DOM
13. 2026-10-26
    days on market $89,000 Active 193 DOM
14. 2026-10-25
    days on market $89,000 Active 192 DOM
15. 2026-10-24
    days on market $89,000 Active 191 DOM
16. 2026-10-23
    days on market $89,000 Active 190 DOM
17. 2026-10-23
    price $89,000 Active 189 DOM
18. 2026-10-22
    days on market $99,000 Active 189 DOM
19. 2026-10-21
    days on market $99,000 Active 188 DOM
20. 2026-10-20
    days on market $99,000 Active 187 DOM
21. 2026-10-19
    days on market $99,000 Active 186 DOM
22. 2026-10-18
    days on market $99,000 Active 185 DOM
23. 2026-10-17
    days on market $99,000 Active 184 DOM
24. 2026-10-16
    days on market $99,000 Active 183 DOM
25. 2026-10-15
    days on market $99,000 Active 182 DOM
26. 2026-10-14
    days on market $99,000 Active 181 DOM
27. 2026-10-13
    days on market $99,000 Active 180 DOM
28. 2026-10-12
    days on market $99,000 Active 179 DOM
29. 2026-10-11
    days on market $99,000 Active 178 DOM
30. 2026-10-10
    days on market $99,000 Active 177 DOM
31. 2026-10-09
    days on market $99,000 Active 176 DOM
32. 2026-10-08
    days on market $99,000 Active 175 DOM
33. 2026-10-07
    days on market $99,000 Active 174 DOM
34. 2026-10-07
    days on market $99,000 Active 173 DOM
35. 2026-10-05
    days on market $99,000 Active 172 DOM
36. 2026-10-04
    days on market $99,000 Active 171 DOM
37. 2026-10-03
    days on market $99,000 Active 170 DOM
38. 2026-10-02
    days on market $99,000 Active 169 DOM
39. 2026-10-01
    days on market $99,000 Active 168 DOM
40. 2026-09-30
    days on market $99,000 Active 167 DOM
41. 2026-09-29
    days on market $99,000 Active 166 DOM
42. 2026-09-28
    days on market $99,000 Active 165 DOM
43. 2026-09-27
    days on market $99,000 Active 164 DOM
44. 2026-09-26
    days on market $99,000 Active 163 DOM
45. 2026-09-25
    days on market $99,000 Active 162 DOM
46. 2026-09-24
    days on market $99,000 Active 161 DOM
47. 2026-09-24
    days on market $99,000 Active 160 DOM
48. 2026-09-21
    days on market $99,000 Active 158 DOM
49. 2026-09-20
    days on market $99,000 Active 157 DOM
50. 2026-09-18
    days on market $99,000 Active 155 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: $1,619 · $135/mo
• Projected year-2 tax: $1,619 · $135/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 1/10 Low
• 🌡 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 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,439
• − Mortgage interest: −$4,985
• − Property taxes: −$1,619
• − Insurance: −$445
• − Repairs & maintenance: −$1,395
• − Management: −$1,395
• − Depreciation: −$2,589
• Taxable income: $5,010
• Est. tax owed @ 24.0%: −$1,202
• After-tax cash flow: $4,910/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.

Condition & rehab AI · 9 photos

Fair 45/100 Moderate rehab Est. rehab $26,450–$47,610 screening

This home requires moderate repairs and updates to improve its condition and value. A fresh paint job, new roof, and kitchen renovation would significantly enhance its appeal.

Components & finishes AI

Roof metal · good

Deferred maintenance Est. $2,500–$10,000 screening

• Minor Roof (roof) — No visible signs of damage or wear on the roof.
• Minor Windows (windows) — No visible signs of damage or wear on the windows.
• Minor Electrical (electrical) — No visible signs of damage or wear on the electrical components.
• Minor Plumbing (plumbing) — No visible signs of damage or wear on the plumbing.
• Minor Exterior (exterior) — No visible signs of damage or wear on the exterior.

Repairs flagged

• Moderate kitchen cabinets — dated and in need of updating
• Moderate kitchen appliances — outdated and in need of replacement
• Moderate paint — moderate wear and tear
• Moderate roof — visible wear

Value-add opportunities

• Both paint job — Fresh paint can improve curb appeal and interior aesthetics ↑
• Both new roof — A new roof will improve the home's value and reduce maintenance costs ↑
• Both kitchen renovation — Updating the kitchen can increase both resale and rental value ↑
• Both landscaping — Landscaping can enhance curb appeal and property value ↑

ⓘ Rehab cost is a screening estimate — Moderate scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 37/100

Zoned Schools

Elementary Harbour View Elementary School F FL #1,513/2,144 Nat'l #19,648/41,679 Middle Lake Weir Middle School F FL #416/571 Nat'l #7,460/14,009

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 — Summerfield

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

Census & demographics

• County: Marion County · 365,905 people
• City population: 33,318
• Metro: Ocala, FL
• Population (ZIP): 33,318
• Household income: $66,679
• Rent vs Own: 13.2% rent · 86.8% own
• Severe rent burden: 8% of renters

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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%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (77%)
• Race & ethnicity: White 77% Hispanic / Latino 14% Two or more races 9% Black 4% Asian 2%
• Hispanic origin (detail): Mexican 3% Puerto Rican 6% Cuban 1%
• Languages at home: 85% English-only · Spanish 11% Vietnamese 1% French/Haitian/Cajun 1%

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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: ▼ -107.67%
• Current HPI: 200.0792
• Rent YoY: —
• Metro: Ocala, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

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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

Property features AI

Finance

• Other: Zoned R4Lot approximately 0.22 acre (about 0 to less than 1/4 acre)
• HOA & community: No homeowners association indicated

Exterior

• Parking: DrivewayOff-street parking1-car carport
• Utilities: Septic tankElectricity connectedCable availableNo municipal water listed
• Home design: Residential mobile homeDouble wideOne storyNorthwest facing
• Construction: Frame constructionMetal roofCrawlspace foundationBuilt as a double wide
• Exterior features: Cleared lotPaved accessIn-county locationUnincorporated areaShed(s) on property

Interior

• Kitchen: Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Laminate flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heatingCentral air conditioning
• Interior features: Split bedroom layout
• Laundry & utility: No laundry hook-ups listed

Price history

+395.0% since first listed

12 events — show timeline

• 2026-04-16 Listed $99,000 Stellar MLS as Distributed by MLS Grid
• 2022-03-14 Sold (Public Records) $85,000 Public Records
• 2022-03-11 Sold (MLS) $85,000 Stellar MLS as Distributed by MLS Grid
• 2022-02-20 Pending — Stellar MLS as Distributed by MLS Grid
• 2022-01-06 Listed $85,000 Stellar MLS as Distributed by MLS Grid
• 2005-02-18 Sold (Public Records) $59,000 Public Records
• 2005-02-16 Sold (MLS) $59,000 Stellar MLS as Distributed by MLS Grid
• 2005-02-16 Sold (MLS) $59,000 Stellar MLS as Distributed by MLS Grid
• 2005-01-17 Listed $61,000 Stellar MLS as Distributed by MLS Grid
• 2005-01-07 Listed $61,000 Stellar MLS as Distributed by MLS Grid
• 1991-04-01 Sold (Public Records) $28,000 Public Records
• 1989-06-01 Sold (Public Records) $20,000 Public Records

Property tax history

+9.8%/yr

Latest (2025): $1,619 · +20.3% YoY. Source: county tax records.