13600 NE 166th St · Lake Kerr, FL 32134

$124,900

3 bd · 2.0 ba · 1,248 sqft · Manufactured public records · 69 Days on market

Built 1982 0.46 ac lot

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Why this score? — see what drove the D+ 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 +20.1/30.0
• ARV discount +7.5/15.0
• DSCR +6.4/10.0
• 1% rule +4.6/10.0
• Schools +3.6/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Nestled in the quiet countryside of Fort McCoy in Marion County, this 3-bedroom, 2-bath home offers an affordable opportunity to own nearly half an acre of land with no HOA and plenty of potential. Located just northeast of Ocala, the area is known for its open space, lakes, and proximity to the Ocala National Forest, making it ideal for those seeking a more private, rural lifestyle. The home features 1,688 square feet of living space with a functional layout and solid core systems already in place. A new metal roof installed in 2023 provides peace of mind, while the plumbing, electrical, and septic systems are reported to be in good working condition. The property is serviced by a private well, a common and reliable setup for homes in the area, offering independence from monthly water bills. Sitting on a 0.46-acre lot, there is plenty of room to enjoy outdoor living, store equipment, or create your own backyard setup. The covered lanai adds usable space for relaxing or entertaining. This home will require some improvements, including HVAC ductwork and cosmetic updates, but presents a great opportunity for investors, cash buyers, or anyone looking to customize a property to their liking. Whether you’re looking for a primary residence, rental, or weekend retreat, this property offers space, value, and potential in a growing area of Central Florida.

Key facts

• New metal roof
• Private well
• Covered lanai

Tags

• PRIVATE WELL
• NEW METAL ROOF
• COVERED LANAI
• 0.46-ACRE LOT

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $125k.

Deal economics

• At list price, monthly cash flow is $155 ($2k/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 $120k (3.9% below list).
• Recommended offer: $117k (6.0% below list) — sets the bar for market timing.
• Cap rate 7.8% vs local median 5.6% in Lake Kerr — 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 D — 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: Fort Mccoy School (math 35% / reading 35%, grade F, #1,697 of 2,144 statewide, top 80%, 964 students, 73% FRL); North Marion High School (math 20% / reading 32%, grade F, #494 of 667 statewide, top 75%, 1,303 students, 66% FRL).
• Zoned-school proficiency averages 30% at this address vs 42% district-wide (-12 pts) — the specific schools serving this property underperform the Marion average; the district grade overstates school quality for this exact location.
• Market conditions: 302 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 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 $864 of loan paydown is wiped out by about $4k 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.

Negotiation context

• It's been on market 69 days — a 6% lower offer ($117k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; major 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 $117,406 (6.0% below list)

Questions for the listing agent

1. It's been on market 69 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
5. 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.
6. 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.
7. 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: 0.96% ✗
• Cap rate: 7.78%
• Cash-on-cash: 5.32%
• DSCR: 1.24
• GRM: 8.7

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: -8.1%
• Equity multiple: 0.70×
• Total profit: $-10,390
• Equity at exit: $18,623

10-year hold

• IRR: 1.4%
• Equity multiple: 1.10×
• Total profit: $3,566
• Equity at exit: $10,799

Cash invested: $34,972 (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 32134

• Home prices YoY: -24.4%
• Active inventory: 302
• Price-to-rent: 8.7×

Monthly cashflow live

• Estimated rent: $1,200 medium
• Mortgage (P&I): −$655
• Tax from tax record: −$86 /mo · $1,031/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$252
• Net cashflow: $155

Break-even live

Break-even rent $1,004

Max offer price $124,900

Occupancy floor 82%

Sensitivity live

Price	-10% $226	-5% $190	+0% $155	+5% $120	+10% $84
Rent	-10% $60	-5% $108	+0% $155	+5% $202	+10% $250
Rate	-1.0pp $218	-0.5pp $187	base $155	+0.5pp $123	+1.0pp $90

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: $31,225
• Closing costs: $3,747
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
16323 NE 137th Ter Fort Mc Coy, FL	2.0	2.0	784	$1,200	$1.53	14d	1	0.35mi

Listing history 17 events

1. 2026-06-21
   days on market $124,900 Active 69 DOM
2. 2026-06-18
   days on market $124,900 Active 66 DOM
3. 2026-06-17
   days on market $124,900 Active 65 DOM
4. 2026-06-16
   days on market $124,900 Active 64 DOM
5. 2026-06-15
   days on market $124,900 Active 63 DOM
6. 2026-06-14
   days on market $124,900 Active 61 DOM
7. 2026-06-13
   days on market $124,900 Active 60 DOM
8. 2026-06-10
   days on market $124,900 Active 58 DOM
9. 2026-06-09
   days on market $124,900 Active 57 DOM
10. 2026-06-08
    days on market $124,900 Active 56 DOM
11. 2026-06-07
    pricedays on market $124,900 Active 55 DOM
12. 2026-06-03
    days on market $134,900 Active 51 DOM
13. 2026-06-02
    days on market $134,900 Active 50 DOM
14. 2026-06-01
    days on market $134,900 Active 49 DOM
15. 2026-05-31
    days on market $134,900 Active 48 DOM
16. 2026-05-30
    days on market $134,900 Active 47 DOM
17. 2026-04-13
    listed $135,000 Active 1375-char remark

    Show marketing remark (1375 chars)

    Nestled in the quiet countryside of Fort McCoy in Marion County, this 3-bedroom, 2-bath home offers an affordable opportunity to own nearly half an acre of land with no HOA and plenty of potential. Located just northeast of Ocala, the area is known for its open space, lakes, and proximity to the Ocala National Forest, making it ideal for those seeking a more private, rural lifestyle. The home features 1,688 square feet of living space with a functional layout and solid core systems already in place. A new metal roof installed in 2023 provides peace of mind, while the plumbing, electrical, and septic systems are reported to be in good working condition. The property is serviced by a private well, a common and reliable setup for homes in the area, offering independence from monthly water bills. Sitting on a 0.46-acre lot, there is plenty of room to enjoy outdoor living, store equipment, or create your own backyard setup. The covered lanai adds usable space for relaxing or entertaining. This home will require some improvements, including HVAC ductwork and cosmetic updates, but presents a great opportunity for investors, cash buyers, or anyone looking to customize a property to their liking. Whether you’re looking for a primary residence, rental, or weekend retreat, this property offers space, value, and potential in a growing area of Central Florida.

ⓘ 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: $1,031 · $86/mo
• Projected year-2 tax: $1,037 · $86/mo
• Expected delta: +$6/yr ($0/mo · 0.5%)

ⓘ 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 6/10 Major
• 🌡 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 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,400
• − Mortgage interest: −$6,996
• − Property taxes: −$1,031
• − Insurance: −$624
• − Repairs & maintenance: −$1,152
• − Management: −$1,152
• − Depreciation: −$3,633
• Taxable loss: −$189
• Est. tax savings @ 24.0%: +$45
• After-tax cash flow: $1,906/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: 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 — Lake Kerr

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

Census & demographics

• Population (ZIP): 7,400

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 (91%)
• Race & ethnicity: White 91% Hispanic / Latino 5% Two or more races 4%
• Common ancestry: Italian 3% Slovak 2% Lithuanian 2%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 3% 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: ▼ -72.45%
• Current HPI: 224.9549
• 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

1 event — show timeline

• 2026-04-13 Listed $135,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+6.0%/yr

Latest (2025): $1,031 · +28.6% YoY. Source: county tax records.