1212 Pine St · Starke, FL 32091

$35,000

2 bd · 1.0 ba · 552 sqft · Manufactured public records · 64 Days on market

Manufactured home Built 1974 5,518 sqft lot

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

Listing remarks MLS

Move in ready 2bd 1ba home in the heart of Starke. Home features new flooring and paint throughout and is on a nice manicured lot. This would make an great investment property or a starter home.

Key facts

• Existing structure
• Everyday amenities
• 0.13-acre lot

Tags

• 0.13-ACRE LOT
• LOCAL SHOPPING
• DINING
• SCHOOLS
• EVERYDAY AMENITIES
• EXISTING STRUCTURE

Property features AI

Finance

• Other: Property type: Residential mobile home; Universal property ID available
• Financial info: No lease restrictions; Unfurnished
• HOA & community: No HOA

Exterior

• Parking: No parking details provided
• Security: No security features listed
• Utilities: Public water; Public sewer; Electricity available
• Home design: Residential mobile home (single wide); One level; Front faces north
• Construction: Frame construction; Metal roof; Pillar/post/pier foundation; Building area about 552 sq ft
• Exterior features: Paved road access; Lot approximately 0.13 acres

Interior

• Kitchen: No appliances listed
• Bedrooms: 2 bedrooms
• Flooring: Vinyl flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Electric heating; Central air conditioning
• Interior features: No notable interior features listed
• Laundry & utility: No laundry hookups or features

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $35k.

Deal economics

• At list price, monthly cash flow is $443 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($860 rent vs $35k).
• Recommended offer: $33k (6.0% below list) — sets the bar for market timing.
• Cap rate 21.5% vs local median 3.6% in Starke — 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 72/100 on livability (#336 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities D, commute F, employment F.
• Bradford (town): math 43% / reading 42% proficiency, ranked #57 of 73 in FL (top 78%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 60% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Bradford Middle School (math 45% / reading 36%, grade F, #360 of 571 statewide, top 64%, 660 students, 70% FRL).
• Market conditions: 155 active listings in the ZIP; 93 units permitted in Bradford County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $242 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• Bradford County population projected at -25% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $10k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 64 days — a 6% lower offer ($33k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 10y ago; this cycle's ask has dropped $10k (22%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $10k; list at $35k implies a 250% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $32,900 (6.0% below list)

Questions for the listing agent

1. It's been on market 64 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 2.46% ✓
• Cap rate: 21.47%
• Cash-on-cash: 54.22%
• DSCR: 3.41
• GRM: 3.4

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: 52.4%
• Equity multiple: 3.30×
• Total profit: $22,537
• Equity at exit: $5,219

10-year hold

• IRR: 57.7%
• Equity multiple: 6.71×
• Total profit: $55,975
• Equity at exit: $3,026

Cash invested: $9,800 (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 32091

• Home prices YoY: -10.6%
• Active inventory: 155
• Price-to-rent: 3.4×

Monthly cashflow live

• Estimated rent: $860 medium
• Mortgage (P&I): −$184
• Tax from tax record: −$38 /mo · $459/yr
• Insurance: −$15
• HOA: −$0
• Lot rent leased land?: −$0
• Vacancy / Maint / Mgmt: −$181
• Net cashflow: $443

Break-even live

Break-even rent $299

Max offer price $35,000

Occupancy floor 44%

Sensitivity live

Price	-10% $463	-5% $453	+0% $443	+5% $433	+10% $423
Rent	-10% $375	-5% $409	+0% $443	+5% $477	+10% $511
Rate	-1.0pp $460	-0.5pp $452	base $443	+0.5pp $434	+1.0pp $424

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: $8,750
• Closing costs: $1,050
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-06-22
   days on market $35,000 Active 64 DOM
2. 2026-06-18
   days on market $35,000 Active 61 DOM
3. 2026-06-17
   days on market $35,000 Active 60 DOM
4. 2026-06-16
   days on market $35,000 Active 59 DOM
5. 2026-06-15
   days on market $35,000 Active 58 DOM
6. 2026-06-14
   days on market $35,000 Active 56 DOM
7. 2026-06-13
   days on market $35,000 Active 55 DOM
8. 2026-06-10
   days on market $35,000 Active 53 DOM
9. 2026-06-09
   days on market $35,000 Active 52 DOM
10. 2026-06-08
    days on market $35,000 Active 51 DOM
11. 2026-06-07
    days on market $35,000 Active 50 DOM
12. 2026-06-03
    days on market $35,000 Active 46 DOM
13. 2026-06-02
    days on market $35,000 Active 45 DOM
14. 2026-06-01
    days on market $35,000 Active 44 DOM
15. 2026-05-31
    days on market $35,000 Active 43 DOM
16. 2026-05-30
    days on market $35,000 Active 42 DOM
17. 2026-05-08
    price $35,000
18. 2026-04-18
    listed $45,000 Active
19. 2016-09-02
    soldstatus $10,000 194-char remark

    Show marketing remark (194 chars)

    Move in ready 2bd 1ba home in the heart of Starke. Home features new flooring and paint throughout and is on a nice manicured lot. This would make an great investment property or a starter home.

20. 2016-08-11
    listed $9,900 194-char remark

    Show marketing remark (194 chars)

    Move in ready 2bd 1ba home in the heart of Starke. Home features new flooring and paint throughout and is on a nice manicured lot. This would make an great investment property or a starter home.

ⓘ 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: $459 · $38/mo
• Projected year-2 tax: $459 · $38/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 6/10 Major
• 🌡 Heat 8/10 Severe 7 d/yr ≥107°F today · 20 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: $10,316
• − Mortgage interest: −$1,961
• − Property taxes: −$459
• − Insurance: −$175
• − Repairs & maintenance: −$825
• − Management: −$825
• − Depreciation: −$1,018
• Taxable income: $5,053
• Est. tax owed @ 24.0%: −$1,213
• After-tax cash flow: $4,100/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: Bradford
• NCES district ID: 1200120
• Math proficiency: 43% ▼ -9.00%
• Reading proficiency: 42% ▼ -3.00%
• Median HH income: $41,661
• Composite: 35.78/100
• National rank: #4840
• State rank: #57 of 73 in FL

Livability — Starke

• Score: 72/100
• State rank: #336
• US rank: #5839

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Starke, FL
• City population: 16,062
• Population (ZIP): 16,062

Population outlook (Bradford County) Hauer SSP2

• Today (2025): 24,999 people
• By 2030: 23,895 · -4.4%
• By 2040: 21,329 · -14.7%
• By 2050: 18,681 · -25.3%
• By 2075: 13,557 · -45.8%
• By 2100: 9,228 · -63.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (69%)
• Race & ethnicity: White 69% Black 20% Hispanic / Latino 6% Two or more races 6%
• Hispanic origin (detail): Puerto Rican 4%
• Common ancestry: Lithuanian 3% Serbian 1% Slovak 1%
• Foreign-born: 3% · Canada, Mexico, Jamaica
• Languages at home: 97% English-only · Spanish 2%

Political lean MEDSL · Bradford

• 2024 margin: Solid R (+57.2) · D 21.1% · R 78.4%
• 2008→2024 swing: -16.9pp toward R · 2008: -40.3pp · 2024: -57.2pp
• All cycles: 2024: R+57.2 2020: R+52.6 2016: R+49.5 2012: R+42.1 2008: R+40.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -36.09%
• Current HPI: 305.3668
• 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

+253.5% since first listed

4 events — show timeline

• 2026-05-08 Price Changed $35,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-18 Listed $45,000 Stellar MLS as Distributed by MLS Grid
• 2016-09-02 Sold (MLS) $10,000 realMLS
• 2016-08-11 Listed $9,900 realMLS

Property tax history

+12.1%/yr

Latest (2025): $459 · +31.1% YoY. Source: county tax records.