235 Oakcrest Dr · Interlachen, FL 32148

$47,500

2 bd · 1.0 ba · 672 sqft · Manufactured public records · 67 Days on market

Built 1986 10,019 sqft lot Est $87k · 45% under

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

Listing remarks MLS

This fixer-upper is nestled on a paved road in a quiet neighborhood, offering great potential for the right buyer. If you're skilled in home renovations, this property is a perfect project. The floors are plywood, and the roof is metal, with solid structural bones, buyer to verify, though it will require a full remodel. Instead of renting, take the opportunity to own your own home. The owner is willing to finance half of the purchase price, giving you the flexibility to make improvements and settle in at your own pace. A well and septic system are already in place, though their condition is unknown, as the owner has never lived on the property.

Key facts

• Metal roof
• Quiet neighborhood
• Home renovations

Tags

• QUIET NEIGHBORHOOD
• HOME RENOVATIONS
• PLYWOOD FLOORS
• METAL ROOF
• SOLID STRUCTURAL BONES
• WELL AND SEPTIC SYSTEM

Property features AI

Finance

• Other: Lot dimensions approximately 80 x 125 (0.23 acres)
• HOA & community: No association

Exterior

• Utilities: Private well water; Private sewer / septic tank; Electricity available; Water available; Sewer available
• Home design: Manufactured single wide home; One story; Faces west
• Construction: Metal siding; Metal roof; Block foundation; Built on a one-level design
• Exterior features: Private mailbox; Paved road access

Interior

• Kitchen: Other appliances
• Bedrooms: 2 bedrooms
• Flooring: Wood flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: No heating; No cooling
• Interior features: Ceiling fans
• Laundry & utility: Laundry room inside

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $48k.

Deal economics

• At list price, monthly cash flow is $534 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $48k).
• Recommended offer: $45k (6.0% below list) — sets the bar for market timing.
• Cap rate 19.8% 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: amenities F, commute F, employment 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.
• Zoned schools: Ochwilla Elementary School (math 27% / reading 32%, grade F, #1,896 of 2,144 statewide, top 90%, 410 students, 64% FRL); Interlachen Jr-Sr High School (math 16% / reading 32%, grade F, #529 of 667 statewide, top 80%, 1,097 students, 71% FRL) — zoned schools at 67% FRL track the district average.
• 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 $328 of loan paydown is wiped out by about $1k 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $13k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 67 days — a 6% lower offer ($45k) 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; 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 $44,650 (6.0% below list)

Questions for the listing agent

1. It's been on market 67 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: 2.21% ✓
• Cap rate: 19.78%
• Cash-on-cash: 48.16%
• DSCR: 3.14
• GRM: 3.8

CMA / ARV

• ARV (on-the-fly): $86,688
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
311 6th Way	0.17mi	2/1.0	672 (0%)	6mo	$87,000	$129	87
295 Cooper Lake Dr	0.50mi	2/1.0	732 (+9%)	20mo	$56,000	$77	45

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: 45.6%
• Equity multiple: 2.98×
• Total profit: $26,293
• Equity at exit: $7,082

10-year hold

• IRR: 51.5%
• Equity multiple: 6.01×
• Total profit: $66,650
• Equity at exit: $4,107

Cash invested: $13,300 (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: 3.8×

Monthly cashflow live

• Estimated rent: $1,049 medium
• Mortgage (P&I): −$249
• Tax from tax record: −$26 /mo · $312/yr
• Insurance: −$20
• HOA: −$0
• Vacancy / Maint / Mgmt: −$220
• Net cashflow: $534

Break-even live

Break-even rent $373

Max offer price $47,500

Occupancy floor 44%

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: $11,875
• Closing costs: $1,425
• Reserves months: —
• Total cash needed: —

Listing history 15 events

1. 2026-06-18
   days on market $47,500 Active 67 DOM
2. 2026-06-17
   days on market $47,500 Active 66 DOM
3. 2026-06-16
   days on market $47,500 Active 65 DOM
4. 2026-06-15
   days on market $47,500 Active 64 DOM
5. 2026-06-13
   days on market $47,500 Active 62 DOM
6. 2026-06-09
   days on market $47,500 Active 58 DOM
7. 2026-06-08
   days on market $47,500 Active 57 DOM
8. 2026-06-07
   days on market $47,500 Active 56 DOM
9. 2026-06-05
   days on market $47,500 Active 53 DOM
10. 2026-06-03
    days on market $47,500 Active 52 DOM
11. 2026-06-02
    days on market $47,500 Active 51 DOM
12. 2026-06-01
    days on market $47,500 Active 50 DOM
13. 2026-05-31
    days on market $47,500 Active 49 DOM
14. 2026-04-12
    listed $47,500 Active
15. 2026-04-11
    listed $47,500 Active 652-char remark

    Show marketing remark (652 chars)

    This fixer-upper is nestled on a paved road in a quiet neighborhood, offering great potential for the right buyer. If you're skilled in home renovations, this property is a perfect project. The floors are plywood, and the roof is metal, with solid structural bones, buyer to verify, though it will require a full remodel. Instead of renting, take the opportunity to own your own home. The owner is willing to finance half of the purchase price, giving you the flexibility to make improvements and settle in at your own pace. A well and septic system are already in place, though their condition is unknown, as the owner has never lived on the 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: $312 · $26/mo
• Projected year-2 tax: $394 · $33/mo
• Expected delta: +$82/yr (+$7/mo · 26.4%)

ⓘ 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 ≥110°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 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,587
• − Mortgage interest: −$2,661
• − Property taxes: −$312
• − Insurance: −$238
• − Repairs & maintenance: −$1,007
• − Management: −$1,007
• − Depreciation: −$1,382
• Taxable income: $5,981
• Est. tax owed @ 24.0%: −$1,435
• After-tax cash flow: $4,970/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

+0.0% since first listed

2 events — show timeline

• 2026-04-12 Listed $47,500 Stellar MLS as Distributed by MLS Grid
• 2026-04-11 Listed $47,500 realMLS

Property tax history

-6.9%/yr

Latest (2025): $312 · +19.1% YoY. Source: county tax records.