2601 Cr 426b · Lake Panasoffkee, FL 33538

$145,000

2 bd · 2.0 ba · 864 sqft · Manufactured public records · 3 Days on market

Built 2018 9,000 sqft 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 +20.8/30.0
• ARV discount +7.5/15.0
• Appreciation +7.5/10.0
• DSCR +6.6/10.0
• Schools +5.2/10.0
• 1% rule +4.6/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Contract fell. .. no fault of home. Why Rent!!!! Motivated Seller is looking for a buyer for this newer 2018 doublewide nestled in the town of Lake Panasoffkee. This 2 Bedroom 2 Bath home features a large and open concept with vaulted ceilings in the living room, crown molding lining the walls and vinyl flooring throughout. Moving outside, you’ll find a rock driveway with a Large 20 x 12 Shed sitting at the end with Electric and Finished Flooring making it the perfect storage or workshop solution. Encasing the back yard is a chain linked fence perfect for letting your pets out to play! With the septic and home being so new, there's no need to worry about repairs. Just pack your bags and move on in! Lake Panasoffkee boasts an A+ elementary school and a 4,460 acre spring fed lake known for its bass fishing. Located just minutes from I-75, you will find it very easy to commute to Ocala, Tampa, The Villages and so many more great places. Come take a look today and see for yourself!

Key facts

• Energy efficiency
• Move in ready
• Low maintenance

Tags

• MOVE IN READY
• OPEN CONCEPT FLOOR PLAN
• FULLY FENCED BACKYARD
• NEWER CONSTRUCTION BENEFITS
• ENERGY EFFICIENCY
• LOW MAINTENANCE

Property features AI

Exterior

• Parking: Concrete and paved driveway
• Utilities: Public water
• Home design: Manufactured home; Single-story
• Construction: Concrete roof
• Exterior features: County road frontage; No pool

Interior

• Kitchen: Electric cooktop; Electric oven; Dishwasher; Refrigerator
• Flooring: Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Dryer; Dishwasher; Electric cooktop; Electric oven; Refrigerator; Washer; Vinyl flooring; Central heating (electric); Central air conditioning
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $145k.

Deal economics

• At list price, monthly cash flow is $199 ($2k/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 $139k (4.3% below list).
• Recommended offer: $139k (4.3% below list) — sets the bar for 1% rule.
• Cap rate 7.9% vs local median 5.1% in Lake Panasoffkee — 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 (#332 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities F, commute F, employment D-.
• Sumter (rural): math 61% / reading 61% proficiency, ranked #11 of 73 in FL (top 15%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 86 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 3,961 units permitted in Sumter County in 2024 (248 in 5+ unit buildings).

Forward outlook

• In year one you build about $8k of equity ($1k loan paydown + $7k appreciation (5.0% local appreciation)).
• Sumter County population projected at +45% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (5.0% appreciation + 3.0% rent growth), your $41k cash investment doubles in ~4 years — after that, you're playing with house money.
• By year 5, paydown + projected appreciation supports a ~$36k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 6y 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 $106k; 37% 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→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $138,752 (4.3% 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. 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.
3. 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.
4. 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: 0.96% ✗
• Cap rate: 7.94%
• Cash-on-cash: 5.87%
• DSCR: 1.26
• GRM: 8.7

CMA / ARV

• ARV (on-the-fly): $76,896
• Comps found: 7

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1637 CR 434	0.26mi	2/1.0	816 (-6%)	2mo	$73,000	$89	73
3051 CR 430a	0.47mi	2/2.0	780 (-10%)	2mo	$25,000	$32	60
1611 Cr 434	0.29mi	2/1.0	768 (-11%)	9mo	$65,000	$85	57
2574 CR 423	0.37mi	2/1.0	784 (-9%)	9mo	$80,000	$102	56
2298 CR 423	0.46mi	3/2.0 (+1)	960 (+11%)	8mo	$160,000	$167	48
2305 CR 436a	0.49mi	3/2.0 (+1)	960 (+11%)	11mo	$120,000	$125	44
3182 CR 418	0.72mi	2/2.0	924 (+7%)	24mo	$50,500	$55	35

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

4.99% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 17.9%
• Equity multiple: 2.13×
• Total profit: $45,929
• Equity at exit: $82,059

10-year hold

• IRR: 18.0%
• Equity multiple: 4.15×
• Total profit: $127,897
• Equity at exit: $141,530

Cash invested: $40,600 (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 33538

• Home prices YoY: 1.5%
• Active inventory: 86
• Price-to-rent: 8.7×

Monthly cashflow live

• Estimated rent: $1,388 medium
• Mortgage (P&I): −$760
• Tax from tax record: −$77 /mo · $919/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$291
• Net cashflow: $199

Break-even live

Break-even rent $1,136

Max offer price $145,000

Occupancy floor 81%

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: $36,250
• Closing costs: $4,350
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2248 CR 446 Lake Panasoffkee, FL	1.0	1.0	650	$1,225	$1.88	21d	1	0.47mi
1314 CR 443 Lake Panasoffkee, FL	2.0	2.0	973	$1,575	$1.62	21d	1	0.63mi

Listing history 16 events

1. 2026-05-05
   status Pending
2. 2026-05-02
   listed $145,000 Active
3. 2021-04-09
   soldstatus $106,000 Closed 1000-char remark

   Show marketing remark (1000 chars)

   Contract fell. .. no fault of home. Why Rent!!!! Motivated Seller is looking for a buyer for this newer 2018 doublewide nestled in the town of Lake Panasoffkee. This 2 Bedroom 2 Bath home features a large and open concept with vaulted ceilings in the living room, crown molding lining the walls and vinyl flooring throughout. Moving outside, you’ll find a rock driveway with a Large 20 x 12 Shed sitting at the end with Electric and Finished Flooring making it the perfect storage or workshop solution. Encasing the back yard is a chain linked fence perfect for letting your pets out to play! With the septic and home being so new, there's no need to worry about repairs. Just pack your bags and move on in! Lake Panasoffkee boasts an A+ elementary school and a 4,460 acre spring fed lake known for its bass fishing. Located just minutes from I-75, you will find it very easy to commute to Ocala, Tampa, The Villages and so many more great places. Come take a look today and see for yourself!

4. 2021-04-01
   status Pending 1000-char remark

   Show marketing remark (1000 chars)

   Contract fell. .. no fault of home. Why Rent!!!! Motivated Seller is looking for a buyer for this newer 2018 doublewide nestled in the town of Lake Panasoffkee. This 2 Bedroom 2 Bath home features a large and open concept with vaulted ceilings in the living room, crown molding lining the walls and vinyl flooring throughout. Moving outside, you’ll find a rock driveway with a Large 20 x 12 Shed sitting at the end with Electric and Finished Flooring making it the perfect storage or workshop solution. Encasing the back yard is a chain linked fence perfect for letting your pets out to play! With the septic and home being so new, there's no need to worry about repairs. Just pack your bags and move on in! Lake Panasoffkee boasts an A+ elementary school and a 4,460 acre spring fed lake known for its bass fishing. Located just minutes from I-75, you will find it very easy to commute to Ocala, Tampa, The Villages and so many more great places. Come take a look today and see for yourself!

5. 2021-02-26
   status Pending 1000-char remark

   Show marketing remark (1000 chars)

   Contract fell. .. no fault of home. Why Rent!!!! Motivated Seller is looking for a buyer for this newer 2018 doublewide nestled in the town of Lake Panasoffkee. This 2 Bedroom 2 Bath home features a large and open concept with vaulted ceilings in the living room, crown molding lining the walls and vinyl flooring throughout. Moving outside, you’ll find a rock driveway with a Large 20 x 12 Shed sitting at the end with Electric and Finished Flooring making it the perfect storage or workshop solution. Encasing the back yard is a chain linked fence perfect for letting your pets out to play! With the septic and home being so new, there's no need to worry about repairs. Just pack your bags and move on in! Lake Panasoffkee boasts an A+ elementary school and a 4,460 acre spring fed lake known for its bass fishing. Located just minutes from I-75, you will find it very easy to commute to Ocala, Tampa, The Villages and so many more great places. Come take a look today and see for yourself!

6. 2021-02-13
   status Active 1000-char remark

   Show marketing remark (1000 chars)

   Contract fell. .. no fault of home. Why Rent!!!! Motivated Seller is looking for a buyer for this newer 2018 doublewide nestled in the town of Lake Panasoffkee. This 2 Bedroom 2 Bath home features a large and open concept with vaulted ceilings in the living room, crown molding lining the walls and vinyl flooring throughout. Moving outside, you’ll find a rock driveway with a Large 20 x 12 Shed sitting at the end with Electric and Finished Flooring making it the perfect storage or workshop solution. Encasing the back yard is a chain linked fence perfect for letting your pets out to play! With the septic and home being so new, there's no need to worry about repairs. Just pack your bags and move on in! Lake Panasoffkee boasts an A+ elementary school and a 4,460 acre spring fed lake known for its bass fishing. Located just minutes from I-75, you will find it very easy to commute to Ocala, Tampa, The Villages and so many more great places. Come take a look today and see for yourself!

7. 2021-01-29
   status Pending 1000-char remark

   Show marketing remark (1000 chars)

   Contract fell. .. no fault of home. Why Rent!!!! Motivated Seller is looking for a buyer for this newer 2018 doublewide nestled in the town of Lake Panasoffkee. This 2 Bedroom 2 Bath home features a large and open concept with vaulted ceilings in the living room, crown molding lining the walls and vinyl flooring throughout. Moving outside, you’ll find a rock driveway with a Large 20 x 12 Shed sitting at the end with Electric and Finished Flooring making it the perfect storage or workshop solution. Encasing the back yard is a chain linked fence perfect for letting your pets out to play! With the septic and home being so new, there's no need to worry about repairs. Just pack your bags and move on in! Lake Panasoffkee boasts an A+ elementary school and a 4,460 acre spring fed lake known for its bass fishing. Located just minutes from I-75, you will find it very easy to commute to Ocala, Tampa, The Villages and so many more great places. Come take a look today and see for yourself!

8. 2021-01-26
   price $104,900 1000-char remark

   Show marketing remark (1000 chars)

   Contract fell. .. no fault of home. Why Rent!!!! Motivated Seller is looking for a buyer for this newer 2018 doublewide nestled in the town of Lake Panasoffkee. This 2 Bedroom 2 Bath home features a large and open concept with vaulted ceilings in the living room, crown molding lining the walls and vinyl flooring throughout. Moving outside, you’ll find a rock driveway with a Large 20 x 12 Shed sitting at the end with Electric and Finished Flooring making it the perfect storage or workshop solution. Encasing the back yard is a chain linked fence perfect for letting your pets out to play! With the septic and home being so new, there's no need to worry about repairs. Just pack your bags and move on in! Lake Panasoffkee boasts an A+ elementary school and a 4,460 acre spring fed lake known for its bass fishing. Located just minutes from I-75, you will find it very easy to commute to Ocala, Tampa, The Villages and so many more great places. Come take a look today and see for yourself!

9. 2020-11-22
   listed $110,000 Active 1000-char remark

   Show marketing remark (1000 chars)

   Contract fell. .. no fault of home. Why Rent!!!! Motivated Seller is looking for a buyer for this newer 2018 doublewide nestled in the town of Lake Panasoffkee. This 2 Bedroom 2 Bath home features a large and open concept with vaulted ceilings in the living room, crown molding lining the walls and vinyl flooring throughout. Moving outside, you’ll find a rock driveway with a Large 20 x 12 Shed sitting at the end with Electric and Finished Flooring making it the perfect storage or workshop solution. Encasing the back yard is a chain linked fence perfect for letting your pets out to play! With the septic and home being so new, there's no need to worry about repairs. Just pack your bags and move on in! Lake Panasoffkee boasts an A+ elementary school and a 4,460 acre spring fed lake known for its bass fishing. Located just minutes from I-75, you will find it very easy to commute to Ocala, Tampa, The Villages and so many more great places. Come take a look today and see for yourself!

10. 2020-11-20
    historical
11. 2020-09-05
    price $110,000
12. 2020-06-29
    price $119,000
13. 2020-06-06
    price $120,000
14. 2020-05-11
    listed $125,000 Active
15. 2001-06-26
    soldstatus $29,900
16. 1996-01-19
    soldstatus $14,000

ⓘ 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: $919 · $77/mo
• Projected year-2 tax: $1,204 · $100/mo
• Expected delta: +$284/yr (+$24/mo · 30.9%)

ⓘ 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 2/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°F today · 23 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,650
• − Mortgage interest: −$8,122
• − Property taxes: −$919
• − Insurance: −$725
• − Repairs & maintenance: −$1,332
• − Management: −$1,332
• − Depreciation: −$4,218
• Taxable income: $1
• Est. tax owed @ 24.0%: −$0
• After-tax cash flow: $2,384/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: Sumter
• NCES district ID: 1201800
• Math proficiency: 61% ▼ -4.00%
• Reading proficiency: 61% ▼ -2.00%
• Median HH income: $48,240
• Composite: 51.74/100
• National rank: #1682
• State rank: #11 of 73 in FL

Livability — Lake Panasoffkee

• Score: 72/100
• State rank: #332
• US rank: #5777

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lake Panasoffkee, FL
• Population (ZIP): 5,748

Population outlook (Sumter County) Hauer SSP2

• Today (2025): 161,172 people
• By 2030: 180,083 · +11.7%
• By 2040: 209,892 · +30.2%
• By 2050: 234,186 · +45.3%
• By 2075: 284,602 · +76.6%
• By 2100: 317,039 · +96.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (87%)
• Race & ethnicity: White 87% Black 7% Hispanic / Latino 3% Two or more races 3%
• Common ancestry: Lithuanian 2% Slovak 1% Italian 1%
• Foreign-born: 1% · Canada

Political lean MEDSL · Sumter

• 2024 margin: Solid R (+37.6) · D 30.9% · R 68.6%
• 2008→2024 swing: -10.6pp toward R · 2008: -27.0pp · 2024: -37.6pp
• All cycles: 2024: R+37.6 2020: R+36.1 2016: R+39.2 2012: R+34.9 2008: R+27.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 4.99%
• Current HPI: 329.8431
• 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

+935.7% since first listed

16 events — show timeline

• 2026-05-05 Pending — RACC
• 2026-05-02 Listed $145,000 RACC
• 2021-04-09 Sold (MLS) $106,000 Stellar MLS as Distributed by MLS Grid
• 2021-04-01 Pending — Stellar MLS as Distributed by MLS Grid
• 2021-02-26 Pending — Stellar MLS as Distributed by MLS Grid
• 2021-02-13 Relisted — Stellar MLS as Distributed by MLS Grid
• 2021-01-29 Pending — Stellar MLS as Distributed by MLS Grid
• 2021-01-26 Price Changed $104,900 Stellar MLS as Distributed by MLS Grid
• 2020-11-22 Listed $110,000 Stellar MLS as Distributed by MLS Grid
• 2020-11-20 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2020-09-05 Price Changed $110,000 Stellar MLS as Distributed by MLS Grid
• 2020-06-29 Price Changed $119,000 Stellar MLS as Distributed by MLS Grid
• 2020-06-06 Price Changed $120,000 Stellar MLS as Distributed by MLS Grid
• 2020-05-11 Listed $125,000 Stellar MLS as Distributed by MLS Grid
• 2001-06-26 Sold (Public Records) $29,900 Public Records
• 1996-01-19 Sold (Public Records) $14,000 Public Records

Property tax history

+13.7%/yr

Latest (2025): $919 · +2.4% YoY. Source: county tax records.