15594 NE 233rd Pl · Interlachen, FL 32134

$155,000

3 bd · 2.0 ba · 1,534 sqft · Manufactured public records · 86 Days on market

Built 1999 0.42 ac lot $101/sqft · 57% above area

---

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 +23.1/30.0
• ARV discount +7.5/15.0
• DSCR +7.4/10.0
• 1% rule +6.0/10.0
• Schools +3.6/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

MOTIVATED SELLER - Reconnect with nature and make your memories at this charming 1999 home w/ 3bd 2b with nearly an half acre of land located in the heart of the 383,000-acre Ocala National Forest which is rich with nature. This open floor plan gives you plenty of room for enjoyment with family or friends or to just relax by yourself without feeling boxed in. MANY NEW UPGRADES - home was "SET IN 2021" on this property - New water heater 2025 & front and side decks! Well & Septic Installed 2021 - All new fencing - Only minutes away from Salt Springs or Fort McCoy which are ever growing towns but still have that small town charm. Hikers have easy access to the Florida National Scenic Trail, and the many surrounding rivers, two of the top ten bass fishing lakes, and streams provide ample opportunity for water activities. Whether enjoying the blue waters of Little & Big Lake Kerr, Lake George, Ocklawaha river or the wilderness of the Ocala National Forest, you will find the area unique, diverse, and accommodating. NOT TO MENTION MILES AND MILES OF TRAILS FOR ATV-JEEPS right out your back door!

Key facts

• Open floor plan
• New fencing
• New water heater

Tags

• OPEN FLOOR PLAN
• NEW WATER HEATER
• FRONT AND SIDE DECKS
• NEW FENCING
• BLUE WATERS OF BIG LAKE KERR
• OCKLAWAHA RIVER

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $155k.

Deal economics

• At list price, monthly cash flow is $278 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $155k).
• Recommended offer: $146k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.4% vs local median 5.6% in Interlachen — 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 67/100 on livability (#540 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: schools D-, amenities F, commute F.
• 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.
• Market conditions: 299 active listings in the ZIP; 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 $1k of loan paydown is wiped out by about $5k 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 86 days — a 6% lower offer ($146k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 2y 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→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $145,700 (6.0% below list)

Questions for the listing agent

1. It's been on market 86 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. Schools are D-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: 1.10% ✓
• Cap rate: 8.44%
• Cash-on-cash: 7.68%
• DSCR: 1.34
• GRM: 7.6

CMA / ARV

• ARV (median comp): $98,935
• List price: $155,000
• Delta: 56.67%
• Verdict: OVERPRICED
• Comps: 1 within 2.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -4.6%
• Equity multiple: 0.83×
• Total profit: $-7,394
• Equity at exit: $23,111

10-year hold

• IRR: 5.1%
• Equity multiple: 1.38×
• Total profit: $16,443
• Equity at exit: $13,402

Cash invested: $43,400 (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: 299
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $1,700 medium
• Mortgage (P&I): −$813
• Tax from tax record: −$188 /mo · $2,250/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$357
• Net cashflow: $278

Break-even live

Break-even rent $1,348

Max offer price $155,000

Occupancy floor 79%

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: $38,750
• Closing costs: $4,650
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-06-08
   days on market $155,000 Active 86 DOM
2. 2026-06-07
   days on market $155,000 Active 85 DOM
3. 2026-06-03
   days on market $155,000 Active 81 DOM
4. 2026-06-02
   days on market $155,000 Active 80 DOM
5. 2026-06-01
   days on market $155,000 Active 79 DOM
6. 2026-05-31
   days on market $155,000 Active 78 DOM
7. 2026-05-30
   days on market $155,000 Active 77 DOM
8. 2026-03-14
   listed $155,000 Active 1134-char remark

   Show marketing remark (1134 chars)

   MOTIVATED SELLER - Reconnect with nature and make your memories at this charming 1999 home w/ 3bd 2b with nearly an half acre of land located in the heart of the 383,000-acre Ocala National Forest which is rich with nature. This open floor plan gives you plenty of room for enjoyment with family or friends or to just relax by yourself without feeling boxed in. MANY NEW UPGRADES - home was "SET IN 2021" on this property - New water heater 2025 & front and side decks! Well & Septic Installed 2021 - All new fencing - Only minutes away from Salt Springs or Fort McCoy which are ever growing towns but still have that small town charm. Hikers have easy access to the Florida National Scenic Trail, and the many surrounding rivers, two of the top ten bass fishing lakes, and streams provide ample opportunity for water activities. Whether enjoying the blue waters of Little & Big Lake Kerr, Lake George, Ocklawaha river or the wilderness of the Ocala National Forest, you will find the area unique, diverse, and accommodating. NOT TO MENTION MILES AND MILES OF TRAILS FOR ATV-JEEPS right out your back door!

9. 2026-03-12
   historical
10. 2026-02-18
    price $155,000
11. 2025-12-10
    listed $163,500 Active
12. 2025-12-10
    historical
13. 2025-09-26
    price $160,000
14. 2025-08-29
    listed $175,000 Active
15. 2025-02-27
    soldstatus $155,000 Closed
16. 2025-02-18
    status Pending
17. 2024-10-24
    price $172,500
18. 2024-09-17
    price $174,900
19. 2024-08-19
    listed $179,900 Active
20. 2009-03-02
    soldstatus $10,000

ⓘ 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: $2,250 · $188/mo
• Projected year-2 tax: $2,250 · $188/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 5/10 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 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,398
• − Mortgage interest: −$8,682
• − Property taxes: −$2,250
• − Insurance: −$775
• − Repairs & maintenance: −$1,632
• − Management: −$1,632
• − Depreciation: −$4,509
• Taxable income: $917
• Est. tax owed @ 24.0%: −$220
• After-tax cash flow: $3,115/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 — Interlachen

• Score: 67/100
• State rank: #540
• US rank: #10162

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 11,580
• 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

+1450.0% since first listed

13 events — show timeline

• 2026-03-14 Listed $155,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-12 Listing Removed — Daytona MLS
• 2026-02-18 Price Changed $155,000 Daytona MLS
• 2025-12-10 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-12-10 Listed $163,500 Daytona MLS
• 2025-09-26 Price Changed $160,000 Stellar MLS as Distributed by MLS Grid
• 2025-08-29 Listed $175,000 Stellar MLS as Distributed by MLS Grid
• 2025-02-27 Sold (MLS) $155,000 Stellar MLS as Distributed by MLS Grid
• 2025-02-18 Pending — Stellar MLS as Distributed by MLS Grid
• 2024-10-24 Price Changed $172,500 Stellar MLS as Distributed by MLS Grid
• 2024-09-17 Price Changed $174,900 Stellar MLS as Distributed by MLS Grid
• 2024-08-19 Listed $179,900 Stellar MLS as Distributed by MLS Grid
• 2009-03-02 Sold (Public Records) $10,000 Public Records

Property tax history

+40.8%/yr

Latest (2025): $2,250 · +14.2% YoY. Source: county tax records.