61 Leisure Ln · Venus, FL 33960

$149,500

3 bd · 2.0 ba · 1,456 sqft · Manufactured public records · 12 Days on market

Built 1993 1.00 ac lot

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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 +16.5/30.0
• Appreciation +8.8/10.0
• ARV discount +7.5/15.0
• DSCR +5.1/10.0
• 1% rule +3.9/10.0
• Schools +3.6/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

Experience peaceful, rural Florida living on this spacious one-acre property, bordered on two sides by water for added privacy and natural beauty. In need of work, this 3-bedroom, 2-bath double-wide offers a foundation for new owners to bring their vision, TLC and personal touches, and make it truly their own. Recent updates include central air unit and a well, giving you a head start on rehab, comfort and reliability. Multiple outbuildings provide valuable extra space for parking, storage, hobbies, or workshop needs. Whether you're looking for a weekend retreat or a full-time residence, this property delivers flexibility and potential. Conveniently located just off US-27 and about 15 minut

Key facts

• Bordered by water
• One-acre property
• Central air unit

Tags

• ONE-ACRE PROPERTY
• BORDERED BY WATER
• CENTRAL AIR UNIT
• MULTIPLE OUTBUILDINGS

Property features AI

Finance

• Other: Zoning: M1S

Exterior

• Parking: Assigned detached parking for 2 vehicles
• Utilities: Private well water; Septic tank sewer
• Home design: Mobile home (single-story)
• Construction: Frame construction; Other roof type
• Exterior features: Front porch and side porch; Shed(s) and workshop on the property; Has a view; Paved road frontage (182 feet); Lot is approximately 1 acre; No pool

Interior

• Flooring: Linoleum; Vinyl
• Bathrooms: Two full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Linoleum and vinyl flooring; Seven total rooms; Pets allowed

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $150k.

Deal economics

• At list price, monthly cash flow is $87 ($1k/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 $133k (11.2% below list).
• Recommended offer: $133k (11.2% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads: area grade C — affects rentability + tenant quality, not the cash-flow math above.
• Highlands (other): math 45% / reading 43% proficiency, ranked #54 of 73 in FL (top 74%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 68% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 47 active listings in the ZIP; 980 units permitted in Highlands County in 2024 (80 in 5+ unit buildings).

Forward outlook

• In year one you build about $12k of equity ($1k loan paydown + $11k appreciation (7.5% local appreciation)).
• At projected returns (7.5% appreciation + 3.0% rent growth), your $42k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 12 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $132,759 (11.2% 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. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
3. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
4. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
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: 0.89% ✗
• Cap rate: 6.99%
• Cash-on-cash: 2.49%
• DSCR: 1.11
• GRM: 9.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

7.52% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 20.8%
• Equity multiple: 2.49×
• Total profit: $62,570
• Equity at exit: $108,768

10-year hold

• IRR: 19.4%
• Equity multiple: 5.24×
• Total profit: $177,357
• Equity at exit: $211,471

Cash invested: $41,860 (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 33960

• Home prices YoY: 2.5%
• Active inventory: 47
• Price-to-rent: 9.4×

Monthly cashflow live

• Estimated rent: $1,328 medium
• Mortgage (P&I): −$784
• Tax from tax record: −$116 /mo · $1,388/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$279
• Net cashflow: $87

Break-even live

Break-even rent $1,218

Max offer price $149,500

Occupancy floor 88%

Sensitivity live

Price	-10% $171	-5% $129	+0% $87	+5% $45	+10% $2
Rent	-10% $-18	-5% $34	+0% $87	+5% $139	+10% $192
Rate	-1.0pp $162	-0.5pp $125	base $87	+0.5pp $48	+1.0pp $9

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: $37,375
• Closing costs: $4,485
• Reserves months: —
• Total cash needed: —

Listing history 9 events

1. 2026-06-21
   days on market $149,500 Active 12 DOM
2. 2026-06-19
   days on market $149,500 Active 10 DOM
3. 2026-06-18
   days on market $149,500 Active 9 DOM
4. 2026-06-17
   days on market $149,500 Active 8 DOM
5. 2026-06-16
   days on market $149,500 Active 7 DOM
6. 2026-06-15
   days on market $149,500 Active 6 DOM
7. 2026-06-14
   days on market $149,500 Active 4 DOM
8. 2026-06-10
   remarks 699-char remark
9. 2026-06-10
   listed $149,500 Active 1 DOM

ⓘ 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: $1,388 · $116/mo
• Projected year-2 tax: $1,388 · $116/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 ≥108°F today · 23 d/yr by 30 yrs out
• 💨 Wind 10/10 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: $15,931
• − Mortgage interest: −$8,374
• − Property taxes: −$1,388
• − Insurance: −$748
• − Repairs & maintenance: −$1,274
• − Management: −$1,274
• − Depreciation: −$4,349
• Taxable loss: −$1,477
• Est. tax savings @ 24.0%: +$354
• After-tax cash flow: $1,396/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: Highlands
• NCES district ID: 1200840
• Math proficiency: 45% ▼ -7.00%
• Reading proficiency: 43% ▼ -3.00%
• Median HH income: $35,276
• Composite: 36.42/100
• National rank: #4672
• State rank: #54 of 73 in FL

Livability — Venus

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Population (ZIP): 618

Population outlook (Highlands County) Hauer SSP2

• Today (2025): 99,674 people
• By 2030: 99,615 · -0.1%
• By 2040: 99,342 · -0.3%
• By 2050: 98,242 · -1.4%
• By 2075: 93,291 · -6.4%
• By 2100: 79,894 · -19.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (66%)
• Race & ethnicity: White 66% Hispanic / Latino 31% Two or more races 28% Native American 3%
• Hispanic origin (detail): Cuban 29%
• Common ancestry: Italian 1% Romanian 1%
• Foreign-born: 25% · Canada
• Languages at home: 69% English-only · Spanish 31%

Political lean MEDSL · Highlands

• 2024 margin: Solid R (+40.8) · D 29.3% · R 70.1%
• 2008→2024 swing: -22.7pp toward R · 2008: -18.1pp · 2024: -40.8pp
• All cycles: 2024: R+40.8 2020: R+34.4 2016: R+32.0 2012: R+23.0 2008: R+18.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 7.52%
• Current HPI: 314.2498
• 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

1 event — show timeline

• 2026-06-09 Listed $149,500 HAOR as distributed by MLS GRID

Property tax history

+15.7%/yr

Latest (2025): $1,388 · +105.8% YoY. Source: county tax records.