9635 SE 162nd St · Summerfield, FL
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $947 – $1,759
Heat risk 8/10 · Major
- Hot days now (above 109°F)
- 7 days/yr
- Hot days in 30 yrs
- 21 days/yr
Wind risk 9/10 · Severe
- Chance of severe wind over 30 yrs
- 99.0%
Air-quality risk 3/10 · Minor
- Unhealthy air days now
- 2 days/yr
- Unhealthy air days in 30 yrs
- 2 days/yr
Risk factors via First Street. Map © Google.
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
$99,000
9635 SE 162nd St · Summerfield, FL 34491
3 bd · 2.0 ba · 1,058 sqft · Manufactured
public records
· 114 Days on market
Manufactured home
Built 1974
9,583 sqft lot
$94/sqft
· 38% below area
Est $160k · 38% under
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
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
Neighborhood map
Sold within
Property
Rental comp
Retail
Costco
Walmart
Transit
Schools
Stadiums
Fortune 500
· Circle radius: 6.0 mi
Loading POIs…
What this means for you Summary
Snapshot
- This is a 3-bed/2.0-bath manufactured listed at $99k. Condition is rated fair.
Deal economics
- At list price, monthly cash flow is $491 ($6k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($2k rent vs $99k).
- Recommended offer: $90k (9.0% below list) — sets the bar for market timing.
- Cap rate 12.2% vs local median 4.7% 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: 827 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals lingering (median 70d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% 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 $684 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 $28k cash investment doubles in ~6 years — after that, you're playing with house money.
Negotiation context
- It's been on market 114 days — a 9% lower offer ($90k) is reasonable based on typical stale-listing flexibility.
- 4 sale attempts since 21y 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 $85k; 16% above their basis — modest negotiation headroom, anchor on the comps not their cost.
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
$90,090
(9.0% below list)
Questions for the listing agent
- It's been on market 114 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
- Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
- Built in 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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.
- 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.
- 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
- 1.52% ✓
- Cap rate
- 12.25%
- Cash-on-cash
- 21.27%
- DSCR
- 1.95
- GRM
- 5.5
CMA / ARV
- ARV (median comp)
- $160,000
- List price
- $99,000
- Delta
- -38.12%
- Verdict
- UNDERPRICED
- Comps
- 13 within 1.0 mi
Show comp detail 6 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%) | 6mo | $185,000 | $171 | 80 |
| 16461 SE 95th Ct | 0.30mi | 2/2.0 (-1) | 1,068 (+1%) | 13mo | $140,000 | $131 | 69 |
| 16160 SE 97th Terr Rd | 0.23mi | 2/2.0 (-1) | 960 (-9%) | 1mo | $180,000 | $188 | 68 |
| 16040 SE 95th Ct | 0.21mi | 3/2.0 | 1,210 (+14%) | 0mo | $135,000 | $112 | 66 |
| 16591 SE 96th Ave | 0.41mi | 2/2.0 (-1) | 958 (-10%) | 0mo | $122,500 | $128 | 60 |
| 9970 SE 167th Pl | 0.64mi | 2/2.0 (-1) | 1,088 (+3%) | 2mo | $130,000 | $119 | 59 |
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
- 13.8%
- Equity multiple
- 1.55×
- Total profit
- $15,277
- Equity at exit
- $14,761
10-year hold
- IRR
- 22.6%
- Equity multiple
- 2.94×
- Total profit
- $53,714
- Equity at exit
- $8,560
Cash invested: $27,720 (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.
Buyer's market
Market conditions
within 1.0 mi — comparable homes for sale
Active competition Active MLS
- For sale now
- 10 active · 9 under contract
- Months of supply
- 6.7 mo (15%/mo absorbed)
- Median asking
- $164,500 ($151/sqft)
- Median days on market
- 62 d
- This list price
- lowest-priced of the active set
- ARV vs active asking
- -0.1% 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
- 827
- Price-to-rent
- 5.5×
Monthly cashflow live
↻
- Estimated rent
- $1,502 high interval (Pro) →
- Mortgage (P&I)
- −$519
- Tax from tax record
- −$135 /mo · $1,619/yr
- Insurance
- −$41
- HOA
- −$0
- Lot rent leased land?
- −$0
- Vacancy / Maint / Mgmt
- −$315
- Net cashflow
- $491
Break-even live
Break-even rent
$880
Max offer price
$99,000
Occupancy floor
62%
Sensitivity live
| Price | -10% $547 | -5% $519 | +0% $491 | +5% $463 | +10% $435 |
|---|---|---|---|---|---|
| Rent | -10% $373 | -5% $432 | +0% $491 | +5% $551 | +10% $610 |
| Rate | -1.0pp $541 | -0.5pp $516 | base $491 | +0.5pp $466 | +1.0pp $440 |
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
- $24,750
- Closing costs
- $2,970
- Club membership (one-time)
- —
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 13 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 9195 SE 163rd St Summerfield, FL | 3.0 | 2.0 | 1410 | $1,800 | $1.28 | 70d | 1 | 0.42mi |
| 9990 SE 166th St Summerfield, FL | 3.0 | 2.0 | 962 | $1,395 | $1.45 | 62d | 1 | 0.54mi |
| 9523 SE 168th Maplesong Ln The Villages, FL | 3.0 | 2.0 | 1265 | $1,975 | $1.56 | 70d | 1 | 0.64mi |
| 10326 SE 162nd Place Rd Summerfield, FL | 3.0 | 2.0 | 1419 | $2,300 | $1.62 | 62d | 1 | 0.72mi |
| 16962 SE 94th Sunnybrook Cir The Villages, FL | 2.0 | 2.0 | 1160 | $2,000 | $1.72 | 70d | 1 | 0.74mi |
| 17199 SE 97th Ter Summerfield, FL | 3.0 | 2.0 | 1404 | $1,990 | $1.42 | 70d | 1 | 1.00mi |
| 8721 SE 157th St Summerfield, FL | 3.0 | 2.0 | 1236 | $1,650 | $1.33 | 70d | 1 | 1.05mi |
| 8364 SE 158th Pl Summerfield, FL | 3.0 | 2.0 | 1374 | $2,000 | $1.46 | 62d | 1 | 1.28mi |
| 8352 SE 158th Pl Summerfield, FL | 3.0 | 2.0 | 1232 | $2,000 | $1.62 | 62d | 1 | 1.30mi |
| 11001 SE Sunset Harbor Rd Unit H52 Summerfield, FL | 2.0 | 2.5 | 1224 | $1,440 | $1.18 | 70d | 1 | 1.39mi |
| 11001 SE Sunset Harbor Rd Unit A08 Summerfield, FL | 2.0 | 1.5 | 1200 | $2,000 | $1.67 | 70d | 1 | 1.41mi |
| 17532 SE 100th Ct Summerfield, FL | 2.0 | 2.0 | 1217 | $1,800 | $1.48 | 70d | 1 | 1.41mi |
| 11001 SE Sunset Harbor Rd Summerfield, FL | 2.0 | 1.5–2.0 | 1244 | $1,770 | $1.42 | 70d | 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
-
2026-08-08days on market $99,000 Active 114 DOM
-
2026-08-07days on market $99,000 Active 113 DOM
-
2026-08-06days on market $99,000 Active 112 DOM
-
2026-08-05days on market $99,000 Active 111 DOM
-
2026-08-04days on market $99,000 Active 110 DOM
-
2026-08-03days on market $99,000 Active 109 DOM
-
2026-07-31days on market $99,000 Active 106 DOM
-
2026-07-30days on market $99,000 Active 105 DOM
-
2026-07-29days on market $99,000 Active 104 DOM
-
2026-07-27days on market $99,000 Active 102 DOM
-
2026-07-25days on market $99,000 Active 100 DOM
-
2026-07-23days on market $99,000 Active 98 DOM
-
2026-07-22days on market $99,000 Active 97 DOM
-
2026-07-21days on market $99,000 Active 96 DOM
-
2026-07-18days on market $99,000 Active 93 DOM
-
2026-07-16days on market $99,000 Active 91 DOM
-
2026-07-16days on market $99,000 Active 90 DOM
-
2026-07-14days on market $99,000 Active 89 DOM
-
2026-07-13days on market $99,000 Active 88 DOM
-
2026-07-12days on market $99,000 Active 87 DOM
-
2026-07-11days on market $99,000 Active 86 DOM
-
2026-07-10days on market $99,000 Active 85 DOM
-
2026-07-09days on market $99,000 Active 84 DOM
-
2026-07-08days on market $99,000 Active 83 DOM
-
2026-07-07days on market $99,000 Active 82 DOM
-
2026-07-06days on market $99,000 Active 81 DOM
-
2026-07-05days on market $99,000 Active 80 DOM
-
2026-07-04days on market $99,000 Active 79 DOM
-
2026-07-03days on market $99,000 Active 78 DOM
-
2026-07-02days on market $99,000 Active 77 DOM
-
2026-07-01days on market $99,000 Active 76 DOM
-
2026-06-30days on market $99,000 Active 75 DOM
-
2026-06-29days on market $99,000 Active 74 DOM
-
2026-06-28days on market $99,000 Active 73 DOM
-
2026-06-28days on market $99,000 Active 72 DOM
-
2026-06-27days on market $99,000 Active 71 DOM
-
2026-06-25days on market $99,000 Active 69 DOM
-
2026-06-23days on market $99,000 Active 67 DOM
-
2026-06-21days on market $99,000 Active 66 DOM
-
2026-06-18days on market $99,000 Active 63 DOM
-
2026-06-17days on market $99,000 Active 62 DOM
-
2026-06-16days on market $99,000 Active 61 DOM
-
2026-06-15days on market $99,000 Active 60 DOM
-
2026-06-14days on market $99,000 Active 58 DOM
-
2026-06-13days on market $99,000 Active 57 DOM
-
2026-06-10days on market $99,000 Active 55 DOM
-
2026-06-09days on market $99,000 Active 54 DOM
-
2026-06-08days on market $99,000 Active 53 DOM
-
2026-06-07days on market $99,000 Active 52 DOM
-
2026-06-03days on market $99,000 Active 48 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
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $18,024
- − Mortgage interest
- −$5,546
- − Property taxes
- −$1,619
- − Insurance
- −$495
- − Repairs & maintenance
- −$1,442
- − Management
- −$1,442
- − Depreciation
- −$2,880
- Taxable income
- $4,601
combined federal + state — saved on this device
- Est. tax owed @ 24.0%
- −$1,104
- After-tax cash flow
- $4,791/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
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
- Severe rent burden
- 8% of renters
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%
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%
- Common ancestry
- Lithuanian 3% Slovak 2% Romanian 2%
- Foreign-born
- 8% · Canada, Vietnam, Jamaica
- Languages at home
- 85% English-only · Spanish 11% Vietnamese 1% French/Haitian/Cajun 1%
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
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
+395.0% since first listed12 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%/yrLatest (2025): $1,619 · +20.3% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…