20425 NE 143rd St · Lake Kerr, FL 32134

$160,000

3 bd · 2.0 ba · 1,152 sqft · Manufactured public records · 253 Days on market

Built 1981 0.52 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 +22.6/30.0
• ARV discount +7.5/15.0
• DSCR +7.2/10.0
• 1% rule +5.1/10.0
• Schools +3.6/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Discover the beauty of Salt Springs! Nestled in the heart of the Ocala National Forest, this spacious double-wide mobile home offers peaceful living surrounded by lakes, natural springs, and endless outdoor adventure. Featuring a split floor plan, and including all major appliances—oven/stove, refrigerator, washer, and dryer—this home is truly move-in ready. Enjoy the serenity of mature landscaping shaded by gorgeous granddaddy oaks in a quiet, welcoming neighborhood. Whether you’re looking for a weekend getaway or a full-time residence, this hidden gem is the best-kept secret in Florida’s nature paradise. Seller is motivated—come see it today and make it yours! Salt Springs is known for its outdoor lifestyle, camping/hiking/boating/hunting. Close enough to Palatka and Ocala for major shopping/medical/eateries. Lake Kerr is a spring fed lake, and Lake George, the 2nd largest lake in Florida is close by! PS. PROPERTY GOES FROM STREET TO STREET, PLENTY OF ROOM TO PARK YOUR TOYS OR RV. SELLER UPDATED DRAIN FIELD/AC/DUCT/ELEC PANEL!!!!!

Key facts

• Split floor plan
• Major appliances
• Granddaddy oaks

Tags

• SPLIT FLOOR PLAN
• MAJOR APPLIANCES
• MATURE LANDSCAPING
• GRANDDADDY OAKS
• QUIET NEIGHBORHOOD
• OUTDOOR LIFESTYLE

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $160k.

Deal economics

• At list price, monthly cash flow is $271 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $160k).
• Recommended offer: $141k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.3% vs local median 5.8% in Lake Kerr — 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: area grade C — affects rentability + tenant quality, not the cash-flow math above.
• Marion (rural): math 42% / reading 43% proficiency, ranked #61 of 73 in FL (top 84%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 61% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 299 active listings in the ZIP; 7,071 units permitted in Marion County in 2024 (534 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Marion County population projected at +13% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 253 days — a 12% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $110k; 45% 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→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $140,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 253 days. Have you received any prior offers? Is the seller open to a 12% 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. 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: 1.01% ✓
• Cap rate: 8.33%
• Cash-on-cash: 7.26%
• DSCR: 1.32
• GRM: 8.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -5.2%
• Equity multiple: 0.81×
• Total profit: $-8,696
• Equity at exit: $23,857

10-year hold

• IRR: 4.4%
• Equity multiple: 1.32×
• Total profit: $14,503
• Equity at exit: $13,834

Cash invested: $44,800 (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 32134

• Home prices YoY: -24.4%
• Active inventory: 299
• Price-to-rent: 8.3×

Monthly cashflow live

• Estimated rent: $1,609 medium
• Mortgage (P&I): −$839
• Tax from tax record: −$94 /mo · $1,131/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$338
• Net cashflow: $271

Break-even live

Break-even rent $1,266

Max offer price $160,000

Occupancy floor 78%

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: $40,000
• Closing costs: $4,800
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-06-18
   days on market $160,000 Active 253 DOM
2. 2026-06-17
   days on market $160,000 Active 252 DOM
3. 2026-06-16
   days on market $160,000 Active 251 DOM
4. 2026-06-15
   days on market $160,000 Active 250 DOM
5. 2026-06-14
   days on market $160,000 Active 248 DOM
6. 2026-06-13
   days on market $160,000 Active 247 DOM
7. 2026-06-10
   days on market $160,000 Active 245 DOM
8. 2026-06-09
   days on market $160,000 Active 244 DOM
9. 2026-06-08
   days on market $160,000 Active 243 DOM
10. 2026-06-07
    pricedays on market $160,000 Active 242 DOM
11. 2026-06-03
    days on market $170,000 Active 238 DOM
12. 2026-06-02
    days on market $170,000 Active 237 DOM
13. 2026-05-31
    days on market $170,000 Active 235 DOM
14. 2026-05-30
    days on market $170,000 Active 234 DOM
15. 2025-12-15
    price $170,000 1079-char remark

    Show marketing remark (1079 chars)

    Discover the beauty of Salt Springs! Nestled in the heart of the Ocala National Forest, this spacious double-wide mobile home offers peaceful living surrounded by lakes, natural springs, and endless outdoor adventure. Featuring a split floor plan, and including all major appliances—oven/stove, refrigerator, washer, and dryer—this home is truly move-in ready. Enjoy the serenity of mature landscaping shaded by gorgeous granddaddy oaks in a quiet, welcoming neighborhood. Whether you’re looking for a weekend getaway or a full-time residence, this hidden gem is the best-kept secret in Florida’s nature paradise. Seller is motivated—come see it today and make it yours! Salt Springs is known for its outdoor lifestyle, camping/hiking/boating/hunting. Close enough to Palatka and Ocala for major shopping/medical/eateries. Lake Kerr is a spring fed lake, and Lake George, the 2nd largest lake in Florida is close by! PS. PROPERTY GOES FROM STREET TO STREET, PLENTY OF ROOM TO PARK YOUR TOYS OR RV. SELLER UPDATED DRAIN FIELD/AC/DUCT/ELEC PANEL!!!!!

16. 2025-10-08
    listed $175,000 Active 1079-char remark

    Show marketing remark (1079 chars)

    Discover the beauty of Salt Springs! Nestled in the heart of the Ocala National Forest, this spacious double-wide mobile home offers peaceful living surrounded by lakes, natural springs, and endless outdoor adventure. Featuring a split floor plan, and including all major appliances—oven/stove, refrigerator, washer, and dryer—this home is truly move-in ready. Enjoy the serenity of mature landscaping shaded by gorgeous granddaddy oaks in a quiet, welcoming neighborhood. Whether you’re looking for a weekend getaway or a full-time residence, this hidden gem is the best-kept secret in Florida’s nature paradise. Seller is motivated—come see it today and make it yours! Salt Springs is known for its outdoor lifestyle, camping/hiking/boating/hunting. Close enough to Palatka and Ocala for major shopping/medical/eateries. Lake Kerr is a spring fed lake, and Lake George, the 2nd largest lake in Florida is close by! PS. PROPERTY GOES FROM STREET TO STREET, PLENTY OF ROOM TO PARK YOUR TOYS OR RV. SELLER UPDATED DRAIN FIELD/AC/DUCT/ELEC PANEL!!!!!

17. 2022-10-14
    soldstatus $110,000
18. 1993-02-23
    soldstatus $13,410

ⓘ 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: $1,131 · $94/mo
• Projected year-2 tax: $1,328 · $111/mo
• Expected delta: +$197/yr (+$16/mo · 17.4%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥109°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 · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,309
• − Mortgage interest: −$8,962
• − Property taxes: −$1,131
• − Insurance: −$800
• − Repairs & maintenance: −$1,545
• − Management: −$1,545
• − Depreciation: −$4,655
• Taxable income: $671
• Est. tax owed @ 24.0%: −$161
• After-tax cash flow: $3,093/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: Marion
• NCES district ID: 1201260
• Math proficiency: 42% ▼ -7.00%
• Reading proficiency: 43% ▼ -4.00%
• Median HH income: $40,015
• Composite: 35.61/100
• National rank: #4890
• State rank: #61 of 73 in FL

Livability — Lake Kerr

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

Census & demographics

• Census place: Lake Kerr, FL
• Population (ZIP): 7,400

Population outlook (Marion County) Hauer SSP2

• Today (2025): 365,905 people
• By 2030: 376,768 · +3.0%
• By 2040: 396,555 · +8.4%
• By 2050: 412,723 · +12.8%
• By 2075: 446,090 · +21.9%
• By 2100: 436,193 · +19.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (91%)
• Race & ethnicity: White 91% Hispanic / Latino 5% Two or more races 4%
• Common ancestry: Italian 3% Slovak 2% Lithuanian 2%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 3% French/Haitian/Cajun 1%

Political lean MEDSL · Marion

• 2024 margin: Solid R (+31.6) · D 33.8% · R 65.5%
• 2008→2024 swing: -20.0pp toward R · 2008: -11.6pp · 2024: -31.6pp
• All cycles: 2024: R+31.6 2020: R+25.9 2016: R+26.2 2012: R+16.2 2008: R+11.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -72.45%
• Current HPI: 224.9549
• 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

+1167.7% since first listed

4 events — show timeline

• 2025-12-15 Price Changed $170,000 Stellar MLS as Distributed by MLS Grid
• 2025-10-08 Listed $175,000 Stellar MLS as Distributed by MLS Grid
• 2022-10-14 Sold (Public Records) $110,000 Public Records
• 1993-02-23 Sold (Public Records) $13,410 Public Records

Property tax history

+14.0%/yr

Latest (2025): $1,131 · +9.1% YoY. Source: county tax records.