11511 NE 10th Ter · Wildwood, FL 34484

$159,900

2 bd · 2.0 ba · 784 sqft · Manufactured public records · 34 Days on market

Built 2022 1.00 ac lot Est $150k · 7% over

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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 +21.4/30.0
• DSCR +6.8/10.0
• Schools +5.2/10.0
• 1% rule +4.6/10.0
• ARV discount +4.4/15.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Private and quiet country living, but close to everything! 2022 Fatboy model mobile home with 2 bed / 2 bath on 1 acre of land (mostly cleared). Plenty of room to build a huge outbuilding or garage / workshop. Everything is new, New well, New septic, New full home filtration, and of course new mobile! One road off of CR229 in Oxford! You cant beat this for the price and it will go fast. . Call me today for a showing!!

Key facts

• Out building
• 1 acre of land
• 1 acre lot

Tags

• 1 ACRE OF LAND
• OUT BUILDING

Property features AI

Finance

• Other: Property type: Residential; Property subtype: Manufactured Home; Zoning: R3; Lot size: Approximately 1 acre; Living area: 784 square feet
• Financial info: No additional financial details provided
• HOA & community: No HOA/association

Exterior

• Parking: No parking details provided
• Security: No security features listed
• Utilities: Private water; Private sewer; Electricity connected
• Home design: Manufactured home (single wide); One story; South-facing
• Construction: Vinyl siding; Shingle roof; Crawlspace foundation
• Exterior features: Private mailbox; Dirt road access

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Vinyl flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Living room and dining room combo; Open floorplan; Split bedroom layout; 4 total rooms
• Laundry & utility: Washer (included); Inside laundry; Electric water heater

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $160k.

Deal economics

• At list price, monthly cash flow is $238 ($3k/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 $154k (3.5% below list).
• Recommended offer: $154k (3.5% below list) — sets the bar for 1% rule.
• Cap rate 8.1% vs local median 3.9% in Wildwood — 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 69/100 on livability (#471 in FL) — a middle-class / working-renter tenant base. Strengths: health & safety A+, cost of living A, crime A-; Watch: amenities F, commute F, employment D-.
• 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.
• Zoned schools: Wildwood Elementary School (math 49% / reading 52%, grade D+, #1,055 of 2,144 statewide, top 50%, 940 students, 76% FRL); Wildwood Middle/ High School (math 29% / reading 41%, grade F, #379 of 667 statewide, top 58%, 843 students, 63% FRL) — zoned schools average 69% FRL vs 51% district-wide (19 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 43% at this address vs 61% district-wide (-18 pts) — the specific schools serving this property underperform the Sumter average; the district grade overstates school quality for this exact location.
• Market conditions: 160 active listings in the ZIP; 1 comparable units currently listed for rent nearby; solid renter incomes; 3,961 units permitted in Sumter County in 2024 (248 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Sumter County population projected at +45% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 34 days — a 3% lower offer ($155k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 5y 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.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; moderate 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 $154,237 (3.5% below list)

Questions for the listing agent

1. It's been on market 34 days. Have you received any prior offers? Is the seller open to a 4% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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.
4. 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.
5. 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: 8.08%
• Cash-on-cash: 6.37%
• DSCR: 1.28
• GRM: 8.6

CMA / ARV

• ARV (on-the-fly): $149,744
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
11511 NE 10th Ter	0.02mi	2/2.0	784 (0%)	1mo	$150,000	$191	98

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: -6.5%
• Equity multiple: 0.76×
• Total profit: $-10,816
• Equity at exit: $23,842

10-year hold

• IRR: 3.1%
• Equity multiple: 1.22×
• Total profit: $9,870
• Equity at exit: $13,825

Cash invested: $44,772 (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 34484

• Home prices YoY: -31.3%
• Active inventory: 160
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $1,542 medium
• Mortgage (P&I): −$839
• Tax from tax record: −$75 /mo · $906/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$324
• Net cashflow: $238

Break-even live

Break-even rent $1,241

Max offer price $159,900

Occupancy floor 80%

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: $39,975
• Closing costs: $4,797
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4734 Silver Star DR Wildwood, FL	2.0–3.0	2.0–2.5	1539	$1,637	$1.06	21d	18	0.73mi

Listing history 8 events

1. 2026-05-05
   status Pending
2. 2026-04-01
   listed $159,900 Active
3. 2023-02-10
   soldstatus $155,000 Closed 422-char remark

   Show marketing remark (422 chars)

   Private and quiet country living, but close to everything! 2022 Fatboy model mobile home with 2 bed / 2 bath on 1 acre of land (mostly cleared). Plenty of room to build a huge outbuilding or garage / workshop. Everything is new, New well, New septic, New full home filtration, and of course new mobile! One road off of CR229 in Oxford! You cant beat this for the price and it will go fast. . Call me today for a showing!!

4. 2023-01-16
   status Pending 422-char remark

   Show marketing remark (422 chars)

   Private and quiet country living, but close to everything! 2022 Fatboy model mobile home with 2 bed / 2 bath on 1 acre of land (mostly cleared). Plenty of room to build a huge outbuilding or garage / workshop. Everything is new, New well, New septic, New full home filtration, and of course new mobile! One road off of CR229 in Oxford! You cant beat this for the price and it will go fast. . Call me today for a showing!!

5. 2023-01-10
   listed $169,900 Active 422-char remark

   Show marketing remark (422 chars)

   Private and quiet country living, but close to everything! 2022 Fatboy model mobile home with 2 bed / 2 bath on 1 acre of land (mostly cleared). Plenty of room to build a huge outbuilding or garage / workshop. Everything is new, New well, New septic, New full home filtration, and of course new mobile! One road off of CR229 in Oxford! You cant beat this for the price and it will go fast. . Call me today for a showing!!

6. 2021-07-16
   soldstatus $12,000 Closed 348-char remark

   Show marketing remark (348 chars)

   TAX SALE - Property is sold As-Is, Buyer to pay past due property taxes and all liens/code violations against the property if any. Buyer to pay title. No warranties of any kind, survey, lien search, title policy or insurance will be provided by the seller. Seller acquired interest in the property via Tax Deed sale and has never lived on property.

7. 2021-05-22
   status Pending 348-char remark

   Show marketing remark (348 chars)

   TAX SALE - Property is sold As-Is, Buyer to pay past due property taxes and all liens/code violations against the property if any. Buyer to pay title. No warranties of any kind, survey, lien search, title policy or insurance will be provided by the seller. Seller acquired interest in the property via Tax Deed sale and has never lived on property.

8. 2021-05-18
   listed $15,900 Active 348-char remark

   Show marketing remark (348 chars)

   TAX SALE - Property is sold As-Is, Buyer to pay past due property taxes and all liens/code violations against the property if any. Buyer to pay title. No warranties of any kind, survey, lien search, title policy or insurance will be provided by the seller. Seller acquired interest in the property via Tax Deed sale and has never lived on property.

ⓘ 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: $906 · $75/mo
• Projected year-2 tax: $1,327 · $111/mo
• Expected delta: +$421/yr (+$35/mo · 46.5%)

ⓘ 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 5/10 Major
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°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 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,508
• − Mortgage interest: −$8,957
• − Property taxes: −$906
• − Insurance: −$800
• − Repairs & maintenance: −$1,481
• − Management: −$1,481
• − Depreciation: −$4,652
• Taxable income: $233
• Est. tax owed @ 24.0%: −$56
• After-tax cash flow: $2,798/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 — Wildwood

• Score: 69/100
• State rank: #471
• US rank: #8500

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Sumter County · 110,591 people
• City population: 21,568
• Metro: The Villages, FL
• Population (ZIP): 5,050
• Household income: $92,582
• Rent vs Own: 37.8% rent · 62.2% own
• Severe rent burden: 149.0

Population outlook (Sumter County) Hauer SSP2

• Today (2025): 161,172 people
• By 2030: 180,083 · +11.7%
• By 2040: 209,892 · +30.2%
• By 2050: 234,186 · +45.3%
• By 2075: 284,602 · +76.6%
• By 2100: 317,039 · +96.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (82%)
• Race & ethnicity: White 82% Black 7% Two or more races 6% Hispanic / Latino 5% Asian 2%
• Common ancestry: Lithuanian 5% Romanian 3% Italian 2%
• Foreign-born: 4% · Canada, Philippines, Jamaica
• Languages at home: 95% English-only · Spanish 4% Other Asian/Pacific 1%

Political lean MEDSL · Sumter

• 2024 margin: Solid R (+37.6) · D 30.9% · R 68.6%
• 2008→2024 swing: -10.6pp toward R · 2008: -27.0pp · 2024: -37.6pp
• All cycles: 2024: R+37.6 2020: R+36.1 2016: R+39.2 2012: R+34.9 2008: R+27.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -86.11%
• Current HPI: 189.0678
• Rent YoY: —
• Metro: The Villages, 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

+905.7% since first listed

8 events — show timeline

• 2026-05-05 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-01 Listed $159,900 Stellar MLS as Distributed by MLS Grid
• 2023-02-10 Sold (MLS) $155,000 Stellar MLS as Distributed by MLS Grid
• 2023-01-16 Pending — Stellar MLS as Distributed by MLS Grid
• 2023-01-10 Listed $169,900 Stellar MLS as Distributed by MLS Grid
• 2021-07-16 Sold (MLS) $12,000 FORTMLS
• 2021-05-22 Pending — FORTMLS
• 2021-05-18 Listed $15,900 FORTMLS

Property tax history

+7.3%/yr

Latest (2025): $906 · +6.1% YoY. Source: county tax records.