3381 SE 145th Pl · Belleview, FL 34491

$76,410

3 bd · 2.0 ba · 1,404 sqft · Manufactured public records · 141 Days on market

Built 1995 9,148 sqft lot $54/sqft · 41% below area Est $130k · 41% under ↓ 15% 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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +3.6/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Current property is a complete fixer upper or buyer can remove the current homes and replace. Seller does not have any records on functionality or condition. Investor owned, seller has no records on the property. Buyer to do their own due diligence. Property will not qualify for fha/va/usda financing due to the current condition of the mobile homes. Sold as is, cash only, no financing.

Key facts

• 9,148 sq ft lot
• Built 1995
• Listed 140 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $76k.

Deal economics

• At list price, monthly cash flow is $869 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $76k).
• Recommended offer: $67k (12.0% below list) — sets the bar for market timing.
• Cap rate 19.9% vs local median 4.5% in Belleview — 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 69/100 on livability (#458 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools D, crime F, amenities F.
• 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: 705 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 7,071 units permitted in Marion County in 2024 (534 in 5+ unit buildings).
• This rent runs 33% of the median local income ($67k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $528 of loan paydown is wiped out by about $2k 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $21k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 141 days — a 12% lower offer ($67k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $67,240 (12.0% below list)

Questions for the listing agent

1. It's been on market 141 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. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
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: 2.42% ✓
• Cap rate: 19.94%
• Cash-on-cash: 48.75%
• DSCR: 3.17
• GRM: 3.4

CMA / ARV

• ARV (median comp): $130,000
• List price: $76,410
• Delta: -41.22%
• Verdict: UNDERPRICED
• Comps: 3 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3048 SE 145th St	0.31mi	3/2.0	1,512 (+8%)	3mo	$130,000	$86	70
2985 SE 145th St	0.36mi	4/2.0 (+1)	1,344 (-4%)	1mo	$120,000	$89	70
3878 SE 145th St	0.44mi	3/2.0	1,456 (+4%)	9mo	$260,000	$179	66

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

Projected returns pro-forma

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

5-year hold

• IRR: 46.3%
• Equity multiple: 3.01×
• Total profit: $43,044
• Equity at exit: $11,393

10-year hold

• IRR: 52.1%
• Equity multiple: 6.10×
• Total profit: $109,034
• Equity at exit: $6,607

Cash invested: $21,395 (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 34491

• Home prices YoY: -35.0%
• Active inventory: 705
• Price-to-rent: 3.4×

Monthly cashflow live

• Estimated rent: $1,847 high
• Mortgage (P&I): −$401
• Tax from tax record: −$157 /mo · $1,889/yr
• Insurance: −$32
• HOA: −$0
• Vacancy / Maint / Mgmt: −$388
• Net cashflow: $869

Break-even live

Break-even rent $747

Max offer price $76,410

Occupancy floor 48%

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: $19,102
• Closing costs: $2,292
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3780 SE 141st Ln Summerfield, FL	3.0	2.0	1066	$1,595	$1.50	21d	1	0.48mi
3780 SE 141st Ln Summerfield, FL	3.0	2.0	1066	$1,525	$1.43	14d	1	0.48mi
3934 SE 142nd St Summerfield, FL	3.0	2.0	1000	$1,499	$1.50	14d	1	0.57mi
3384 SE 138th St Summerfield, FL	3.0	2.0	1265	$1,745	$1.38	21d	1	0.71mi
3820 SE 136th Pl Summerfield, FL	3.0	2.0	1265	$1,745	$1.38	21d	1	0.97mi

Listing history 17 events

1. 2026-06-18
   days on market $76,410 Active 141 DOM
2. 2026-06-17
   days on market $76,410 Active 140 DOM
3. 2026-06-16
   days on market $76,410 Active 139 DOM
4. 2026-06-15
   days on market $76,410 Active 138 DOM
5. 2026-06-14
   days on market $76,410 Active 136 DOM
6. 2026-06-13
   days on market $76,410 Active 135 DOM
7. 2026-06-10
   days on market $76,410 Active 133 DOM
8. 2026-06-09
   days on market $76,410 Active 132 DOM
9. 2026-06-08
   days on market $76,410 Active 131 DOM
10. 2026-06-07
    days on market $76,410 Active 130 DOM
11. 2026-06-03
    days on market $76,410 Active 126 DOM
12. 2026-06-02
    days on market $76,410 Active 125 DOM
13. 2026-05-31
    days on market $76,410 Active 123 DOM
14. 2026-05-30
    days on market $76,410 Active 122 DOM
15. 2026-04-24
    price $84,900 388-char remark

    Show marketing remark (388 chars)

    Current property is a complete fixer upper or buyer can remove the current homes and replace. Seller does not have any records on functionality or condition. Investor owned, seller has no records on the property. Buyer to do their own due diligence. Property will not qualify for fha/va/usda financing due to the current condition of the mobile homes. Sold as is, cash only, no financing.

16. 2026-03-13
    price $89,900 388-char remark

    Show marketing remark (388 chars)

    Current property is a complete fixer upper or buyer can remove the current homes and replace. Seller does not have any records on functionality or condition. Investor owned, seller has no records on the property. Buyer to do their own due diligence. Property will not qualify for fha/va/usda financing due to the current condition of the mobile homes. Sold as is, cash only, no financing.

17. 2026-01-29
    listed $99,900 Active 388-char remark

    Show marketing remark (388 chars)

    Current property is a complete fixer upper or buyer can remove the current homes and replace. Seller does not have any records on functionality or condition. Investor owned, seller has no records on the property. Buyer to do their own due diligence. Property will not qualify for fha/va/usda financing due to the current condition of the mobile homes. Sold as is, cash only, no financing.

ⓘ 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: $1,889 · $157/mo
• Projected year-2 tax: $1,889 · $157/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 3/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°F today · 22 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: $22,164
• − Mortgage interest: −$4,280
• − Property taxes: −$1,889
• − Insurance: −$382
• − Repairs & maintenance: −$1,773
• − Management: −$1,773
• − Depreciation: −$2,223
• Taxable income: $9,844
• Est. tax owed @ 24.0%: −$2,363
• After-tax cash flow: $8,068/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 — Belleview

• Score: 69/100
• State rank: #458
• US rank: #8314

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Marion County · 315,796 people
• City population: 19,167
• Metro: Ocala, FL
• Population (ZIP): 33,318
• Household income: $66,679
• Rent vs Own: 13.2% rent · 86.8% own
• Severe rent burden: 256.0

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 (77%)
• Race & ethnicity: White 77% Hispanic / Latino 14% Two or more races 9% Black 4% Asian 2%
• Hispanic origin (detail): Mexican 3% Puerto Rican 6% Cuban 1%
• Common ancestry: Lithuanian 3% Slovak 2% Romanian 2%
• Foreign-born: 8% · Canada, Vietnam, Jamaica
• Languages at home: 85% English-only · Spanish 11% Vietnamese 1% 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: ▼ -107.67%
• Current HPI: 200.0792
• Rent YoY: —
• Metro: Ocala, 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

-15.0% since first listed

3 events — show timeline

• 2026-04-24 Price Changed $84,900 Stellar MLS as Distributed by MLS Grid
• 2026-03-13 Price Changed $89,900 Stellar MLS as Distributed by MLS Grid
• 2026-01-29 Listed $99,900 Stellar MLS as Distributed by MLS Grid

Property tax history

+13.1%/yr

Latest (2025): $1,889 · +4.3% YoY. Source: county tax records.