310 Kennedy Ave · Interlachen, FL 32148

$139,000

3 bd · 2.0 ba · 1,056 sqft · Manufactured public records · 28 Days on market

Built 1992 Est $126k · 11% over

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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 +21.7/30.0
• DSCR +6.9/10.0
• 1% rule +4.5/10.0
• Livability +3.4/5.0
• Schools +3.0/10.0
• ARV discount +2.7/15.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great location near the fire department not far off paved street. Recently refreshed shows nicely with fireplace. Additional lot next door to the left will be included with full price offer. Updated electrical service just completed. All that is needed to be move in ready is new HVAC unit! Sold As Is. Cash or conventional offers only.

Key facts

• Great location
• Nice fireplace
• Additional lot

Tags

• GREAT LOCATION
• NICE FIREPLACE
• ADDITIONAL LOT
• MOVE IN READY

Property features AI

Finance

• Other: No additional amenity details available
• Financial info: Financial details not provided
• HOA & community: HOA and community details not provided

Exterior

• Parking: Parking details not provided
• Security: Security details not provided
• Utilities: Utility details not provided
• Home design: Single-family property built in 1992; Living area approximately 1,056 square feet
• Construction: Built in 1992
• Exterior features: Situated on a 0.44-acre lot

Interior

• Kitchen: Kitchen details not provided
• Bedrooms: Bedroom count not specified
• Flooring: Flooring details not provided
• Bathrooms: Bathroom count not specified
• Heating & cooling: Heating and cooling details not provided
• Interior features: No interior feature details provided
• Laundry & utility: Laundry and utility details not provided

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $139k.

Deal economics

• At list price, monthly cash flow is $215 ($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 $131k (5.4% below list).
• Recommended offer: $131k (5.4% below list) — sets the bar for 1% rule.
• Cap rate 8.1% 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.
• Putnam (town): math 34% / reading 39% proficiency, ranked #66 of 73 in FL (top 90%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 71% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 759 active listings in the ZIP; 113 units permitted in Putnam County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $961 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Putnam County population projected at -31% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 28 days — a 2% lower offer ($137k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 22y 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.
• Current owner paid $99k; 40% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

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

Recommended offer $131,442 (5.4% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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?
4. 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.
5. 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.
6. 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: 0.95% ✗
• Cap rate: 8.15%
• Cash-on-cash: 6.62%
• DSCR: 1.29
• GRM: 8.8

CMA / ARV

• ARV (on-the-fly): $125,664
• Comps found: 7

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
326 Gloria Ave	0.48mi	3/2.0	1,125 (+6%)	0mo	$155,000	$138	66
606 O Farrell Ave	0.27mi	3/2.0	1,200 (+14%)	7mo	$194,000	$162	59
316 Sheila Ave	0.60mi	3/2.0	960 (-9%)	4mo	$149,900	$156	54
402 Shirley St	0.68mi	3/2.0	1,188 (+12%)	3mo	$141,700	$119	45
926 Annette Ave	0.67mi	2/2.0 (-1)	957 (-9%)	5mo	$100,000	$104	44
1010 Dawn Ave	0.64mi	3/2.0	1,131 (+7%)	19mo	$75,000	$66	43
626 Dawn Ave	0.56mi	2/1.0 (-1)	1,150 (+9%)	11mo	$25,000	$22	41

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: -6.2%
• Equity multiple: 0.77×
• Total profit: $-8,915
• Equity at exit: $20,725

10-year hold

• IRR: 3.4%
• Equity multiple: 1.25×
• Total profit: $9,582
• Equity at exit: $12,018

Cash invested: $38,920 (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 32148

• Home prices YoY: -5.8%
• Active inventory: 759
• Price-to-rent: 8.8×

Monthly cashflow live

• Estimated rent: $1,314 medium
• Mortgage (P&I): −$729
• Tax from tax record: −$37 /mo · $442/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$276
• Net cashflow: $215

Break-even live

Break-even rent $1,043

Max offer price $139,000

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: $34,750
• Closing costs: $4,170
• Reserves months: —
• Total cash needed: —

Listing history 34 events

1. 2026-06-01
   days on market $139,000 Active 28 DOM
2. 2026-05-31
   days on market $139,000 Active 27 DOM
3. 2026-05-03
   listed $139,000 Active
4. 2024-11-21
   historical
5. 2024-09-23
   price $129,900
6. 2024-09-23
   status Active
7. 2024-08-16
   status Pending
8. 2024-07-31
   status Active
9. 2024-07-09
   status Pending
10. 2024-05-22
    status Active
11. 2024-05-21
    historical
12. 2024-03-11
    price $139,900
13. 2023-12-20
    listed $145,000 Active
14. 2023-02-20
    soldstatus $99,000
15. 2023-02-17
    soldstatus $99,000 Sold 340-char remark

    Show marketing remark (340 chars)

    Great location near the fire department not far off paved street. Recently refreshed shows nicely with fireplace. Additional lot next door to the left will be included with full price offer. Updated electrical service just completed. All that is needed to be move in ready is new HVAC unit! Sold As Is. Cash or conventional offers only.

16. 2023-01-26
    status Pending 340-char remark

    Show marketing remark (340 chars)

    Great location near the fire department not far off paved street. Recently refreshed shows nicely with fireplace. Additional lot next door to the left will be included with full price offer. Updated electrical service just completed. All that is needed to be move in ready is new HVAC unit! Sold As Is. Cash or conventional offers only.

17. 2023-01-19
    status Active 340-char remark

    Show marketing remark (340 chars)

    Great location near the fire department not far off paved street. Recently refreshed shows nicely with fireplace. Additional lot next door to the left will be included with full price offer. Updated electrical service just completed. All that is needed to be move in ready is new HVAC unit! Sold As Is. Cash or conventional offers only.

18. 2022-11-19
    status Pending 340-char remark

    Show marketing remark (340 chars)

    Great location near the fire department not far off paved street. Recently refreshed shows nicely with fireplace. Additional lot next door to the left will be included with full price offer. Updated electrical service just completed. All that is needed to be move in ready is new HVAC unit! Sold As Is. Cash or conventional offers only.

19. 2022-10-11
    price $109,000 340-char remark

    Show marketing remark (340 chars)

    Great location near the fire department not far off paved street. Recently refreshed shows nicely with fireplace. Additional lot next door to the left will be included with full price offer. Updated electrical service just completed. All that is needed to be move in ready is new HVAC unit! Sold As Is. Cash or conventional offers only.

20. 2022-09-01
    price $119,900 340-char remark

    Show marketing remark (340 chars)

    Great location near the fire department not far off paved street. Recently refreshed shows nicely with fireplace. Additional lot next door to the left will be included with full price offer. Updated electrical service just completed. All that is needed to be move in ready is new HVAC unit! Sold As Is. Cash or conventional offers only.

21. 2022-08-03
    price $124,900 340-char remark

    Show marketing remark (340 chars)

    Great location near the fire department not far off paved street. Recently refreshed shows nicely with fireplace. Additional lot next door to the left will be included with full price offer. Updated electrical service just completed. All that is needed to be move in ready is new HVAC unit! Sold As Is. Cash or conventional offers only.

22. 2022-07-23
    price $127,900 340-char remark

    Show marketing remark (340 chars)

    Great location near the fire department not far off paved street. Recently refreshed shows nicely with fireplace. Additional lot next door to the left will be included with full price offer. Updated electrical service just completed. All that is needed to be move in ready is new HVAC unit! Sold As Is. Cash or conventional offers only.

23. 2022-06-23
    price $129,000 340-char remark

    Show marketing remark (340 chars)

    Great location near the fire department not far off paved street. Recently refreshed shows nicely with fireplace. Additional lot next door to the left will be included with full price offer. Updated electrical service just completed. All that is needed to be move in ready is new HVAC unit! Sold As Is. Cash or conventional offers only.

24. 2022-06-10
    price $139,900 340-char remark

    Show marketing remark (340 chars)

    Great location near the fire department not far off paved street. Recently refreshed shows nicely with fireplace. Additional lot next door to the left will be included with full price offer. Updated electrical service just completed. All that is needed to be move in ready is new HVAC unit! Sold As Is. Cash or conventional offers only.

25. 2022-06-10
    price $45,000 340-char remark

    Show marketing remark (340 chars)

    Great location near the fire department not far off paved street. Recently refreshed shows nicely with fireplace. Additional lot next door to the left will be included with full price offer. Updated electrical service just completed. All that is needed to be move in ready is new HVAC unit! Sold As Is. Cash or conventional offers only.

26. 2022-06-07
    listed $13,900 Active 340-char remark

    Show marketing remark (340 chars)

    Great location near the fire department not far off paved street. Recently refreshed shows nicely with fireplace. Additional lot next door to the left will be included with full price offer. Updated electrical service just completed. All that is needed to be move in ready is new HVAC unit! Sold As Is. Cash or conventional offers only.

27. 2005-02-09
    soldstatus $49,900
28. 2005-02-07
    soldstatus $49,900
29. 2004-09-15
    listed $49,900
30. 2004-09-09
    soldstatus $30,000
31. 2004-09-01
    soldstatus $10,000
32. 2004-09-01
    soldstatus $10,000
33. 2004-09-01
    soldstatus $10,000
34. 2004-01-16
    listed $39,900

ⓘ 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: $442 · $37/mo
• Projected year-2 tax: $1,154 · $96/mo
• Expected delta: +$711/yr (+$59/mo · 160.8%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥109°F today · 20 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: $15,773
• − Mortgage interest: −$7,786
• − Property taxes: −$442
• − Insurance: −$695
• − Repairs & maintenance: −$1,262
• − Management: −$1,262
• − Depreciation: −$4,044
• Taxable income: $282
• Est. tax owed @ 24.0%: −$68
• After-tax cash flow: $2,508/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: Putnam
• NCES district ID: 1201620
• Math proficiency: 34% ▼ -10.00%
• Reading proficiency: 39% ▼ -4.00%
• Median HH income: $33,350
• Composite: 29.99/100
• National rank: #6361
• State rank: #66 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): 11,580

Population outlook (Putnam County) Hauer SSP2

• Today (2025): 65,299 people
• By 2030: 61,255 · -6.2%
• By 2040: 52,930 · -18.9%
• By 2050: 45,051 · -31.0%
• By 2075: 28,720 · -56.0%
• By 2100: 15,852 · -75.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (84%)
• Race & ethnicity: White 84% Hispanic / Latino 9% Two or more races 8% Black 3%
• Hispanic origin (detail): Mexican 2% Puerto Rican 7%
• Common ancestry: Slovak 4% Lithuanian 3% Romanian 1%
• Foreign-born: 2% · Canada
• Languages at home: 94% English-only · Spanish 4%

Political lean MEDSL · Putnam

• 2024 margin: Solid R (+47.8) · D 25.8% · R 73.6%
• 2008→2024 swing: -28.5pp toward R · 2008: -19.3pp · 2024: -47.8pp
• All cycles: 2024: R+47.8 2020: R+41.2 2016: R+36.6 2012: R+24.5 2008: R+19.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -16.98%
• Current HPI: 277.2763
• 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

+248.4% since first listed

32 events — show timeline

• 2026-05-03 Listed $139,000 FSBO.com
• 2024-11-21 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2024-09-23 Price Changed $129,900 Stellar MLS as Distributed by MLS Grid
• 2024-09-23 Relisted — Stellar MLS as Distributed by MLS Grid
• 2024-08-16 Pending — Stellar MLS as Distributed by MLS Grid
• 2024-07-31 Relisted — Stellar MLS as Distributed by MLS Grid
• 2024-07-09 Pending — Stellar MLS as Distributed by MLS Grid
• 2024-05-22 Relisted — Stellar MLS as Distributed by MLS Grid
• 2024-05-21 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2024-03-11 Price Changed $139,900 Stellar MLS as Distributed by MLS Grid
• 2023-12-20 Listed $145,000 Stellar MLS as Distributed by MLS Grid
• 2023-02-20 Sold (Public Records) $99,000 Public Records
• 2023-02-17 Sold (MLS) $99,000 realMLS
• 2023-01-26 Pending — realMLS
• 2023-01-19 Relisted — realMLS
• 2022-11-19 Pending — realMLS
• 2022-10-11 Price Changed $109,000 realMLS
• 2022-09-01 Price Changed $119,900 realMLS
• 2022-08-03 Price Changed $124,900 realMLS
• 2022-07-23 Price Changed $127,900 realMLS
• 2022-06-23 Price Changed $129,000 realMLS
• 2022-06-10 Price Changed $139,900 realMLS
• 2022-06-10 Price Changed $45,000 realMLS
• 2022-06-07 Listed $13,900 realMLS
• 2005-02-09 Sold (Public Records) $49,900 Public Records
• 2005-02-07 Sold (MLS) $49,900 realMLS
• 2004-09-15 Listed $49,900 realMLS
• 2004-09-09 Sold (MLS) $30,000 realMLS
• 2004-09-01 Sold (Public Records) $10,000 Public Records
• 2004-09-01 Sold (Public Records) $10,000 Public Records
• 2004-09-01 Sold (Public Records) $10,000 Public Records
• 2004-01-16 Listed $39,900 realMLS

Property tax history

-3.4%/yr

Latest (2025): $442 · +18.0% YoY. Source: county tax records.