14139 NE 148th Ave · Waldo, FL 32694

$69,900

3 bd · 2.0 ba · 1,584 sqft · Manufactured public records · 120 Days on market

Built 1979 8,712 sqft lot ↓ 30% since listing

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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
• Appreciation +9.0/10.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

3 bedroom, 2 bath mobile home situated on a . 20-acre lot in Waldo, Florida. Built in 1979, the home offers a functional layout and spacious outdoor setting surrounded by mature greenery, creating a quiet, tucked-away feel. The lot provides ample room for gardening, storage, entertaining, or future improvements. With the right updates, this property presents strong potential for an investor, handyman, or buyer looking to build value over time. Whether you're searching for a primary residence, rental investment, or project property, this opportunity combines space and potential.

Key facts

• Mature greenery
• Acre lot
• Room for gardening

Tags

• ACRE LOT
• SPACIOUS OUTDOOR SETTING
• MATURE GREENERY
• ROOM FOR GARDENING

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $70k.

Deal economics

• At list price, monthly cash flow is $1k ($12k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $70k).
• Recommended offer: $64k (9.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 63/100 on livability (#705 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing B+; Watch: crime C-, schools F, amenities F.
• Alachua (urban): math 49% / reading 54% proficiency, ranked #30 of 73 in FL (top 41%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 36 active listings in the ZIP; 1,774 units permitted in Alachua County in 2024 (984 in 5+ unit buildings).

Forward outlook

• In year one you build about $6k of equity ($483 loan paydown + $6k appreciation (8.0% local appreciation)).
• Alachua County population projected at +26% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (8.0% appreciation + 3.0% rent growth), your $20k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 6, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 120 days — a 9% lower offer ($64k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $30k (30%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $63,609 (9.0% below list)

Questions for the listing agent

1. It's been on market 120 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1979 — 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. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. 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.
7. 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.
8. 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: 2.73% ✓
• Cap rate: 24.02%
• Cash-on-cash: 63.30%
• DSCR: 3.82
• GRM: 3.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

8.01% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 73.1%
• Equity multiple: 5.84×
• Total profit: $94,632
• Equity at exit: $53,163

10-year hold

• IRR: 68.6%
• Equity multiple: 12.53×
• Total profit: $225,760
• Equity at exit: $105,584

Cash invested: $19,572 (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 32694

• Home prices YoY: 3.7%
• Active inventory: 36
• Price-to-rent: 3.0×

Monthly cashflow live

• Estimated rent: $1,910 medium
• Mortgage (P&I): −$367
• Tax from tax record: −$81 /mo · $969/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$401
• Net cashflow: $1,032

Break-even live

Break-even rent $603

Max offer price $69,900

Occupancy floor 41%

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: $17,475
• Closing costs: $2,097
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-06-18
   days on market $69,900 Active 120 DOM
2. 2026-06-17
   days on market $69,900 Active 119 DOM
3. 2026-06-16
   days on market $69,900 Active 118 DOM
4. 2026-06-15
   days on market $69,900 Active 117 DOM
5. 2026-06-14
   days on market $69,900 Active 115 DOM
6. 2026-06-13
   days on market $69,900 Active 114 DOM
7. 2026-06-10
   days on market $69,900 Active 112 DOM
8. 2026-06-09
   days on market $69,900 Active 111 DOM
9. 2026-06-08
   days on market $69,900 Active 110 DOM
10. 2026-06-07
    days on market $69,900 Active 109 DOM
11. 2026-06-05
    days on market $69,900 Active 106 DOM
12. 2026-06-03
    days on market $69,900 Active 105 DOM
13. 2026-06-02
    days on market $69,900 Active 104 DOM
14. 2026-06-01
    days on market $69,900 Active 103 DOM
15. 2026-05-31
    days on market $69,900 Active 102 DOM
16. 2026-05-30
    days on market $69,900 Active 101 DOM
17. 2026-04-03
    price $69,900 584-char remark

    Show marketing remark (584 chars)

    3 bedroom, 2 bath mobile home situated on a . 20-acre lot in Waldo, Florida. Built in 1979, the home offers a functional layout and spacious outdoor setting surrounded by mature greenery, creating a quiet, tucked-away feel. The lot provides ample room for gardening, storage, entertaining, or future improvements. With the right updates, this property presents strong potential for an investor, handyman, or buyer looking to build value over time. Whether you're searching for a primary residence, rental investment, or project property, this opportunity combines space and potential.

18. 2026-02-18
    listed $99,900 Active 584-char remark

    Show marketing remark (584 chars)

    3 bedroom, 2 bath mobile home situated on a . 20-acre lot in Waldo, Florida. Built in 1979, the home offers a functional layout and spacious outdoor setting surrounded by mature greenery, creating a quiet, tucked-away feel. The lot provides ample room for gardening, storage, entertaining, or future improvements. With the right updates, this property presents strong potential for an investor, handyman, or buyer looking to build value over time. Whether you're searching for a primary residence, rental investment, or project property, this opportunity combines space and potential.

19. 2025-12-19
    historical
20. 2025-09-17
    listed $99,900 Active

ⓘ 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: $969 · $81/mo
• Projected year-2 tax: $969 · $81/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 4/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥107°F today · 21 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 · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,920
• − Mortgage interest: −$3,915
• − Property taxes: −$969
• − Insurance: −$350
• − Repairs & maintenance: −$1,834
• − Management: −$1,834
• − Depreciation: −$2,033
• Taxable income: $11,985
• Est. tax owed @ 24.0%: −$2,876
• After-tax cash flow: $9,513/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: Alachua
• NCES district ID: 1200030
• Math proficiency: 49% ▼ -9.00%
• Reading proficiency: 54% ▼ -3.00%
• Median HH income: $42,683
• Composite: 43.31/100
• National rank: #3038
• State rank: #30 of 73 in FL

Livability — Waldo

• Score: 63/100
• State rank: #705
• US rank: #14963

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Waldo, FL
• Population (ZIP): 1,870

Population outlook (Alachua County) Hauer SSP2

• Today (2025): 289,834 people
• By 2030: 305,873 · +5.5%
• By 2040: 335,246 · +15.7%
• By 2050: 364,719 · +25.8%
• By 2075: 436,665 · +50.7%
• By 2100: 482,920 · +66.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (77%)
• Race & ethnicity: White 77% Black 11% Hispanic / Latino 8% Two or more races 5% Asian 1%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3% Cuban 3%
• Common ancestry: Slovak 4% Italian 3% Iranian 2%
• Foreign-born: 4% · Canada, South Korea
• Languages at home: 92% English-only · Spanish 5% Russian/Polish/Slavic 2% Korean 1%

Political lean MEDSL · Alachua

• 2024 margin: Strong D (+21.0) · D 59.7% · R 38.8% · Other 1.5%
• 2008→2024 swing: -0.6pp no change · 2008: 21.6pp · 2024: 21.0pp
• All cycles: 2024: D+21.0 2020: D+27.2 2016: D+22.5 2012: D+17.3 2008: D+21.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 8.01%
• Current HPI: 224.7473
• 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

-30.0% since first listed

4 events — show timeline

• 2026-04-03 Price Changed $69,900 Stellar MLS as Distributed by MLS Grid
• 2026-02-18 Listed $99,900 Stellar MLS as Distributed by MLS Grid
• 2025-12-19 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-09-17 Listed $99,900 Stellar MLS as Distributed by MLS Grid

Property tax history

+43.7%/yr

Latest (2025): $969 · +7.1% YoY. Source: county tax records.