3455 NE Highway 349 · Fanning Springs, FL 32680

$195,000

3 bd · 2.0 ba · 1,344 sqft · Manufactured public records · 88 Days on market

Built 2023 1.01 ac lot ↓ 5% since listing

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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 +14.0/30.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +4.3/10.0
• Schools +4.2/10.0
• 1% rule +3.2/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Welcome to 3455 NE Highway 349 ? a beautifully maintained 2023-built mobile home offering the perfect blend of modern comfort and peaceful country living. Situated on a spacious 1-acre lot, this 3-bedroom, 2-bathroom home is ideal for those seeking both convenience and room to spread out. Step inside to discover a bright, open-concept layout featuring a stylish kitchen with ample cabinet space, a center island for entertaining, and seamless flow into the dining and living areas. Natural light fills the home, highlighting the clean finishes and inviting atmosphere throughout. The primary suite offers a relaxing retreat with a spacious bathroom, complete with dual vanities and a large garden tub ? perfect for unwinding after a long day. Two additional bedrooms provide flexibility for family, guests, or a home office. Outside, enjoy the privacy and possibilities of your full acre ? perfect for outdoor activities, gardening, or simply relaxing in a serene setting. A standout feature of this property is the large workshop, offering incredible space for storage, hobbies, or business use. Conveniently located with easy access to nearby amenities while still maintaining a quiet, rural feel, this property is a rare find. Don?t miss your chance to own this move-in ready home with room to live, work, and play! Schedule your showing today!

Key facts

• Spacious 1 acre lot
• Stylish kitchen
• Ample cabinet space

Tags

• 2023 BUILT MOBILE HOME
• SPACIOUS 1 ACRE LOT
• OPEN CONCEPT LAYOUT
• STYLISH KITCHEN
• AMPLE CABINET SPACE
• CENTER ISLAND

Property features AI

Finance

• Other: Property zoned RR (rural residential); Lot approximately 1.01 acres
• Financial info: Homestead exempt; No lease restrictions reported
• HOA & community: No HOA association indicated

Exterior

• Parking: Driveway access (road surface paved)
• Security: Smoke detector(s)
• Utilities: Well water; Septic tank; Cable available; Electricity available; Phone service available; Broadband / high-speed internet available
• Home design: Manufactured single-wide home; One story; Northeast facing; Pillar/post/pier foundation
• Construction: Vinyl siding; Shingle roof; Built on pillar/post/pier foundation
• Exterior features: Sliding doors; Workshop on the property; Asphalt / paved road access (public maintained road)

Interior

• Kitchen: Dishwasher; Range / Oven; Range hood; Refrigerator; Ice maker; Exhaust fan; Electric water heater
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Blinds and curtain rods; Smoke detectors
• Laundry & utility: Washer hookup; Dryer hookup; Dedicated laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $195k.

Deal economics

• At list price, monthly cash flow is $26 ($310/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 $159k (18.4% below list).
• Recommended offer: $159k (18.4% below list) — sets the bar for 1% rule.
• Cap rate 6.5% vs local median 3.7% in Fanning Springs — 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 63/100 on livability (#739 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: health & safety D, amenities F, commute F.
• Dixie (rural): math 52% / reading 50% proficiency, ranked #36 of 73 in FL (top 49%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; 85% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Old Town Elementary School (math 73% / reading 58%, grade B+, #500 of 2,144 statewide, top 24%, 456 students, 80% FRL); Dixie County High School (math 31% / reading 42%, grade F, #351 of 667 statewide, top 54%, 714 students, 70% FRL).
• Market conditions: 262 active listings in the ZIP; 49 units permitted in Dixie County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $21k of equity ($1k loan paydown + $20k appreciation (10.0% local appreciation)).
• Dixie County population projected at -16% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $55k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 88 days — a 6% lower offer ($183k) is reasonable based on typical stale-listing flexibility.
• 2 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.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; severe wildfire risk; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $159,101 (18.4% below list)

Questions for the listing agent

1. It's been on market 88 days. Have you received any prior offers? Is the seller open to a 18% 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. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 0.82% ✗
• Cap rate: 6.45%
• Cash-on-cash: 0.57%
• DSCR: 1.03
• GRM: 10.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 24.7%
• Equity multiple: 2.97×
• Total profit: $107,802
• Equity at exit: $175,671

10-year hold

• IRR: 21.8%
• Equity multiple: 6.79×
• Total profit: $316,069
• Equity at exit: $378,842

Cash invested: $54,600 (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 32680

• Home prices YoY: 2.5%
• Active inventory: 262
• Price-to-rent: 10.2×

Monthly cashflow live

• Estimated rent: $1,591 medium
• Mortgage (P&I): −$1,023
• Tax from tax record: −$127 /mo · $1,526/yr
• Insurance: −$81
• HOA: −$0
• Vacancy / Maint / Mgmt: −$334
• Net cashflow: $26

Break-even live

Break-even rent $1,558

Max offer price $195,000

Occupancy floor 93%

Sensitivity live

Price	-10% $136	-5% $81	+0% $26	+5% $-29	+10% $-85
Rent	-10% $-100	-5% $-37	+0% $26	+5% $89	+10% $152
Rate	-1.0pp $124	-0.5pp $75	base $26	+0.5pp $-25	+1.0pp $-76

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: $48,750
• Closing costs: $5,850
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-06-21
   status $195,000 Pending 88 DOM
2. 2026-06-18
   days on market $195,000 Active 88 DOM
3. 2026-06-17
   days on market $195,000 Active 87 DOM
4. 2026-06-16
   days on market $195,000 Active 86 DOM
5. 2026-06-15
   days on market $195,000 Active 85 DOM
6. 2026-06-13
   days on market $195,000 Active 83 DOM
7. 2026-06-12
   days on market $195,000 Active 82 DOM
8. 2026-06-09
   days on market $195,000 Active 79 DOM
9. 2026-06-08
   days on market $195,000 Active 78 DOM
10. 2026-06-07
    days on market $195,000 Active 77 DOM
11. 2026-06-07
    days on market $195,000 Active 76 DOM
12. 2026-06-04
    days on market $195,000 Active 73 DOM
13. 2026-06-02
    days on market $195,000 Active 72 DOM
14. 2026-06-01
    days on market $195,000 Active 71 DOM
15. 2026-05-31
    days on market $195,000 Active 70 DOM
16. 2026-05-31
    days on market $195,000 Active 69 DOM
17. 2026-05-12
    price $195,000 1349-char remark

    Show marketing remark (1349 chars)

    Welcome to 3455 NE Highway 349 ? a beautifully maintained 2023-built mobile home offering the perfect blend of modern comfort and peaceful country living. Situated on a spacious 1-acre lot, this 3-bedroom, 2-bathroom home is ideal for those seeking both convenience and room to spread out. Step inside to discover a bright, open-concept layout featuring a stylish kitchen with ample cabinet space, a center island for entertaining, and seamless flow into the dining and living areas. Natural light fills the home, highlighting the clean finishes and inviting atmosphere throughout. The primary suite offers a relaxing retreat with a spacious bathroom, complete with dual vanities and a large garden tub ? perfect for unwinding after a long day. Two additional bedrooms provide flexibility for family, guests, or a home office. Outside, enjoy the privacy and possibilities of your full acre ? perfect for outdoor activities, gardening, or simply relaxing in a serene setting. A standout feature of this property is the large workshop, offering incredible space for storage, hobbies, or business use. Conveniently located with easy access to nearby amenities while still maintaining a quiet, rural feel, this property is a rare find. Don?t miss your chance to own this move-in ready home with room to live, work, and play! Schedule your showing today!

18. 2026-05-09
    price $195,000
19. 2026-04-08
    listed $205,000 Active 1349-char remark

    Show marketing remark (1349 chars)

    Welcome to 3455 NE Highway 349 ? a beautifully maintained 2023-built mobile home offering the perfect blend of modern comfort and peaceful country living. Situated on a spacious 1-acre lot, this 3-bedroom, 2-bathroom home is ideal for those seeking both convenience and room to spread out. Step inside to discover a bright, open-concept layout featuring a stylish kitchen with ample cabinet space, a center island for entertaining, and seamless flow into the dining and living areas. Natural light fills the home, highlighting the clean finishes and inviting atmosphere throughout. The primary suite offers a relaxing retreat with a spacious bathroom, complete with dual vanities and a large garden tub ? perfect for unwinding after a long day. Two additional bedrooms provide flexibility for family, guests, or a home office. Outside, enjoy the privacy and possibilities of your full acre ? perfect for outdoor activities, gardening, or simply relaxing in a serene setting. A standout feature of this property is the large workshop, offering incredible space for storage, hobbies, or business use. Conveniently located with easy access to nearby amenities while still maintaining a quiet, rural feel, this property is a rare find. Don?t miss your chance to own this move-in ready home with room to live, work, and play! Schedule your showing today!

20. 2026-03-22
    listed $205,000 Active

ⓘ 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: $1,526 · $127/mo
• Projected year-2 tax: $1,618 · $135/mo
• Expected delta: +$92/yr (+$8/mo · 6.1%)

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

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 22% chance over 30 yrs
• 🔥 Wildfire 8/10 Severe
• 🌡 Heat 8/10 Severe 7 d/yr ≥107°F today · 22 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 · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,092
• − Mortgage interest: −$10,923
• − Property taxes: −$1,526
• − Insurance: −$975
• − Repairs & maintenance: −$1,527
• − Management: −$1,527
• − Depreciation: −$5,673
• Taxable loss: −$3,059
• Est. tax savings @ 24.0%: +$734
• After-tax cash flow: $1,045/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: Dixie
• NCES district ID: 1200450
• Math proficiency: 52% ▼ -3.00%
• Reading proficiency: 50% ▼ -4.00%
• Median HH income: $34,799
• Composite: 42.18/100
• National rank: #3290
• State rank: #36 of 73 in FL

Livability — Fanning Springs

• Score: 63/100
• State rank: #739
• US rank: #15960

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 10,445

Population outlook (Dixie County) Hauer SSP2

• Today (2025): 15,122 people
• By 2030: 14,521 · -4.0%
• By 2040: 13,503 · -10.7%
• By 2050: 12,671 · -16.2%
• By 2075: 10,857 · -28.2%
• By 2100: 8,344 · -44.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (94%)
• Race & ethnicity: White 94% Two or more races 4% Hispanic / Latino 3% Black 1%
• Common ancestry: Romanian 2% Slovak 1% Italian 1%
• Foreign-born: 3% · Canada
• Languages at home: 99% English-only · Spanish 1%

Political lean MEDSL · Dixie

• 2024 margin: Solid R (+70.4) · D 14.5% · R 84.9%
• 2008→2024 swing: -25.4pp toward R · 2008: -45.0pp · 2024: -70.4pp
• All cycles: 2024: R+70.4 2020: R+66.0 2016: R+63.2 2012: R+46.9 2008: R+45.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 10.22%
• Current HPI: 424.0037
• 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

-4.9% since first listed

4 events — show timeline

• 2026-05-12 Price Changed $195,000 DGLMLS
• 2026-05-09 Price Changed $195,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-08 Listed $205,000 DGLMLS
• 2026-03-22 Listed $205,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+18.3%/yr

Latest (2025): $1,526 · +4.2% YoY. Source: county tax records.