1960 Pinewood Ln · Mount Dora, FL 32757

$80,000

2 bd · 2.0 ba · 744 sqft · Manufactured public records · 113 Days on market

Built 1973 6,503 sqft lot $65/mo HOA · 3% of rent

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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
• ARV discount +7.5/15.0
• Schools +4.2/10.0
• Livability +3.8/5.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

One or more photo(s) has been virtually staged. Welcome to your tranquil retreat in the highly sought-after 55-plus community of Dora Pines! This charming mobile home offers the perfect blend of comfort, convenience, and serenity, designed for those who crave peace, relaxation, and a close-knit neighborhood. With two spacious bedrooms and two beautifully appointed bathrooms, including a private ensuite in the master, this home is the ultimate sanctuary. Step inside to find an open-concept dining and living area that seamlessly flows into a generous family room—ideal for both intimate gatherings and lively entertaining. Located on a coveted corner lot, the expansive outdoor space offer

Key facts

• Large storage area
• Covered front porch
• Desirable corner lot

Tags

• GENEROUSLY SIZED FAMILY ROOM
• DESIRABLE CORNER LOT
• PRIVATE WELL
• LARGE STORAGE AREA
• COVERED FRONT PORCH

Property features AI

Finance

• Other: Corner, level and paved lot with mature landscaping and trees; Lot is approximately 0.15 acres; Road surfaces include asphalt and concrete
• Financial info: Lease restrictions apply
• HOA & community: Dora Pines HOA with required approval; Monthly HOA fee $65; Community features include clubhouse, pool, recreation facilities and shuffleboard court; Golf carts allowed; Senior community; Cats and dogs allowed

Exterior

• Parking: Carport with 2 spaces
• Utilities: Public water and well; Public sewer; Electricity connected; Cable available; High-speed internet available; Fire hydrant on property; Water and sewer connected/available
• Home design: Residential mobile home (single wide); One story; Northwest facing; Completed condition
• Construction: Vinyl siding with frame construction; Metal roof; Pillar/post/pier foundation; Building area approximately 1,430 square feet
• Exterior features: Covered, enclosed and screened porches (front and rear); Patio; Awning(s); Fire pit; Outdoor kitchen

Interior

• Kitchen: Cooktop; Microwave; Refrigerator; Electric water heater
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Ceramic tile; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Living room and dining room combined; Split bedroom floorplan; Thermostat
• Laundry & utility: Washer and Dryer inside

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $80k.

Deal economics

• At list price, monthly cash flow is $915 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $80k).
• Recommended offer: $73k (9.0% below list) — sets the bar for market timing.
• Cap rate 20.0% vs local median 3.3% in Mount Dora — 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 75/100 on livability (#244 in FL, #3,860 nationally) — a middle-class / working-renter tenant base. Strengths: health & safety A+, crime A, housing A-; Watch: employment D+, amenities F, commute F.
• Lake (suburban): math 49% / reading 50% proficiency, ranked #37 of 73 in FL (top 51%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents flat; 639 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 4,799 units permitted in Lake County in 2024 (814 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $553 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Lake County population projected at +37% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 0.6% rent growth), your $22k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 113 days — a 9% lower offer ($73k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 13y ago; this cycle's ask has dropped $30k (27%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $25k; list at $80k implies a 220% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 6→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $72,800 (9.0% below list)

Questions for the listing agent

1. It's been on market 113 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 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 2.37% ✓
• Cap rate: 20.02%
• Cash-on-cash: 49.02%
• DSCR: 3.18
• GRM: 3.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.55% rent growth · sell at horizon

5-year hold

• IRR: 43.8%
• Equity multiple: 2.82×
• Total profit: $40,807
• Equity at exit: $11,928

10-year hold

• IRR: 48.6%
• Equity multiple: 5.15×
• Total profit: $92,959
• Equity at exit: $6,917

Cash invested: $22,400 (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 32757

• Home prices YoY: -34.5%
• Rents YoY: 0.6%
• Active inventory: 639
• Price-to-rent: 3.5×

Monthly cashflow live

• Estimated rent: $1,895 medium
• Mortgage (P&I): −$420
• Tax from tax record: −$64 /mo · $769/yr
• Insurance: −$33
• HOA: −$65
• Vacancy / Maint / Mgmt: −$398
• Net cashflow: $915

Break-even live

Break-even rent $737

Max offer price $80,000

Occupancy floor 47%

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: $20,000
• Closing costs: $2,400
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1515 Lincoln Ave Mount Dora, FL	1.0–2.0	1.0	599	$1,449	$2.42	24d	2	0.72mi
2507 Koji ST Mt Dora, FL	1.0–3.0	1.0–2.0	961	$2,271	$2.36	2d	9	0.87mi
1422 N Tremain St Unit 1422 Mt Dora, FL	2.0	1.5	750	$2,000	$2.67	24d	1	1.27mi
155 Veranda Way Mount Dora, FL	1.0–2.0	1.0–2.0	785	$1,748	$2.23	2d	12	1.38mi

HOA detail

• Monthly dues: $65 · $780/yr

Listing history 33 events

1. 2026-06-18
   days on market $80,000 Active 113 DOM
2. 2026-06-17
   days on market $80,000 Active 112 DOM
3. 2026-06-16
   days on market $80,000 Active 111 DOM
4. 2026-06-15
   days on market $80,000 Active 110 DOM
5. 2026-06-13
   days on market $80,000 Active 108 DOM
6. 2026-06-09
   days on market $80,000 Active 104 DOM
7. 2026-06-08
   days on market $80,000 Active 103 DOM
8. 2026-06-07
   days on market $80,000 Active 102 DOM
9. 2026-06-04
   days on market $80,000 Active 99 DOM
10. 2026-06-03
    days on market $80,000 Active 98 DOM
11. 2026-06-02
    days on market $80,000 Active 97 DOM
12. 2026-06-01
    days on market $80,000 Active 96 DOM
13. 2026-05-31
    days on market $80,000 Active 95 DOM
14. 2026-05-07
    price $80,000
15. 2026-04-06
    price $90,000
16. 2026-03-11
    price $100,000
17. 2026-02-25
    listed $110,000 Active
18. 2026-02-05
    historical
19. 2025-08-28
    listed $119,000 Active
20. 2025-08-06
    historical
21. 2025-03-01
    price $125,000
22. 2025-02-07
    price $135,000
23. 2025-01-24
    listed $140,000 Active
24. 2022-11-30
    historical
25. 2022-06-30
    price $132,500
26. 2022-04-06
    listed $135,000 Active
27. 2020-06-30
    historical
28. 2020-05-01
    listed $79,999 Active
29. 2014-09-29
    soldstatus $25,000 Sold
30. 2014-06-14
    status Pending
31. 2014-06-10
    historical
32. 2013-04-11
    listed $32,900
33. 1994-06-14
    soldstatus $8,900

ⓘ 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: $769 · $64/mo
• Projected year-2 tax: $769 · $64/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 6 d/yr ≥108°F today · 19 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 · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,740
• − Mortgage interest: −$4,481
• − Property taxes: −$769
• − Insurance: −$400
• − Repairs & maintenance: −$1,819
• − Management: −$1,819
• − HOA: −$780
• − Depreciation: −$2,327
• Taxable income: $10,344
• Est. tax owed @ 24.0%: −$2,483
• After-tax cash flow: $8,499/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: Lake
• NCES district ID: 1201050
• Math proficiency: 49% ▼ -7.00%
• Reading proficiency: 50% ▼ -4.00%
• Median HH income: $46,632
• Composite: 42.05/100
• National rank: #3327
• State rank: #37 of 73 in FL

Livability — Mount Dora

• Score: 75/100
• State rank: #244
• US rank: #3860

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Lake County · 364,602 people
• City population: 34,121
• Metro: Orlando-Kissimmee-Sanford, FL
• Population (ZIP): 34,121
• Household income: $77,216
• Rent vs Own: 26.5% rent · 73.5% own
• Severe rent burden: 998.0

Population outlook (Lake County) Hauer SSP2

• Today (2025): 386,640 people
• By 2030: 417,107 · +7.9%
• By 2040: 476,676 · +23.3%
• By 2050: 531,296 · +37.4%
• By 2075: 648,303 · +67.7%
• By 2100: 698,530 · +80.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (64%)
• Race & ethnicity: White 64% Hispanic / Latino 20% Black 12% Two or more races 11% Pacific Islander 1% Native American 1%
• Hispanic origin (detail): Mexican 5% Puerto Rican 7% Dominican 1%
• Common ancestry: Romanian 3% Slovak 3% Lithuanian 2%
• Foreign-born: 10% · Canada, Jamaica
• Languages at home: 83% English-only · Spanish 14% Other Indo-European 1%

Political lean MEDSL · Lake

• 2024 margin: Strong R (+24.7) · D 37.3% · R 62.0%
• 2008→2024 swing: -11.2pp toward R · 2008: -13.5pp · 2024: -24.7pp
• All cycles: 2024: R+24.7 2020: R+20.0 2016: R+23.1 2012: R+17.1 2008: R+13.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -154.69%
• Current HPI: 293.4759
• Rent YoY: ▲ 0.55%
• Metro: Orlando-Kissimmee-Sanford, FL
• 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

+798.9% since first listed

20 events — show timeline

• 2026-05-07 Price Changed $80,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-06 Price Changed $90,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-11 Price Changed $100,000 Stellar MLS as Distributed by MLS Grid
• 2026-02-25 Listed $110,000 Stellar MLS as Distributed by MLS Grid
• 2026-02-05 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-08-28 Listed $119,000 Stellar MLS as Distributed by MLS Grid
• 2025-08-06 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-03-01 Price Changed $125,000 Stellar MLS as Distributed by MLS Grid
• 2025-02-07 Price Changed $135,000 Stellar MLS as Distributed by MLS Grid
• 2025-01-24 Listed $140,000 Stellar MLS as Distributed by MLS Grid
• 2022-11-30 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2022-06-30 Price Changed $132,500 Stellar MLS as Distributed by MLS Grid
• 2022-04-06 Listed $135,000 Stellar MLS as Distributed by MLS Grid
• 2020-06-30 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2020-05-01 Listed $79,999 Stellar MLS as Distributed by MLS Grid
• 2014-09-29 Sold (MLS) $25,000 Stellar MLS as Distributed by MLS Grid
• 2014-06-14 Pending — Stellar MLS as Distributed by MLS Grid
• 2014-06-10 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2013-04-11 Listed $32,900 Stellar MLS as Distributed by MLS Grid
• 1994-06-14 Sold (Public Records) $8,900 Public Records

Property tax history

+3.8%/yr

Latest (2025): $769 · -1.5% YoY. Source: county tax records.