6673 SE 56th Ln · Taylor Creek, FL 34974

$74,500

2 bd · 1.5 ba · 506 sqft · Manufactured public records · 90 Days on market

Built 1988 2,013 sqft lot Est $75k · at est. $208/mo HOA · 17% 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 +28.5/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +8.0/15.0
• Schools +3.6/10.0
• Livability +2.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Two bedroom bath and a half Chariot Eagle park model with large screen porch. Furnished and ready to enjoy. Located near Ancient Oaks Office.

Key facts

• Pickleball
• Billiard room
• Shuffleboard

Tags

• HEATED POOL
• MARINA
• BOAT RAMP
• PICKLEBALL
• SHUFFLEBOARD
• BILLIARD ROOM

Property features AI

Finance

• Financial info: Pets allowed with breed restrictions and number limit
• HOA & community: Part of Ancient Oaks RV Resort association; Quarterly association fee; Association amenities include billiard room, clubhouse, car wash area, dog park, laundry, fishing pier, heated pool, and gated access; Association fee covers cable TV, grounds maintenance, sewer, water, common areas, recreation facility, and pool service

Exterior

• Parking: 1 parking space; No carport
• Security: Gated community (community amenity)
• Utilities: Public water; Public sewer; Cable connected; Electricity connected; Sewer connected; Water connected; Underground utilities
• Home design: Manufactured home; Single-story; Faces west; Resale property
• Construction: Vinyl siding; Other roof type; Appraiser-sourced building area
• Exterior features: Not waterfront; Accessible approach with ramp

Interior

• Kitchen: Electric range; Refrigerator
• Bedrooms: 2 main-level bedrooms
• Flooring: Laminate flooring; Linoleum flooring
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Split bedroom layout
• Laundry & utility: Laundry in common area

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath manufactured listed at $74k.

Deal economics

• At list price, monthly cash flow is $244 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $74k).
• Recommended offer: $70k (6.0% below list) — sets the bar for market timing.
• Cap rate 10.2% vs local median 4.1% in Taylor Creek — 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 56/100 on livability (#874 in FL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+, crime B+; Watch: amenities F, commute F, employment F.
• Okeechobee (town): math 44% / reading 42% proficiency, ranked #58 of 73 in FL (top 80%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 72% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Everglades Elementary School (math 53% / reading 52%, grade C-, #976 of 2,144 statewide, top 46%, 760 students, 76% FRL); Osceola Middle School (math 53% / reading 36%, grade D, #320 of 571 statewide, top 57%, 753 students, 67% FRL); Okeechobee High School (math 30% / reading 42%, grade F, #359 of 667 statewide, top 55%, 1,692 students, 62% FRL) — zoned schools at 68% FRL track the district average.
• Market conditions: 402 active listings in the ZIP; 18 units permitted in Okeechobee County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $515 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Okeechobee County population projected at -21% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $21k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 90 days — a 6% lower offer ($70k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 15y 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 $30k; list at $74k implies a 148% 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 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $70,030 (6.0% below list)

Questions for the listing agent

1. It's been on market 90 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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: 1.65% ✓
• Cap rate: 10.23%
• Cash-on-cash: 14.06%
• DSCR: 1.63
• GRM: 5.1

CMA / ARV

• ARV (on-the-fly): $75,394
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5312 SE 67th Ave	0.19mi	1/2.0 (-1)	488 (-4%)	5mo	$64,500	$132	74
5354 SE 65th Ter	0.16mi	1/1.0 (-1)	504 (-0%)	17mo	$75,000	$149	71
6649 SE 56th St	0.03mi	1/1.0 (-1)	436 (-14%)	1mo	$85,000	$195	68
6531 SE 56th Ln	0.10mi	1/1.0 (-1)	430 (-15%)	11mo	$60,000	$140	54

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: 4.5%
• Equity multiple: 1.17×
• Total profit: $3,637
• Equity at exit: $11,108

10-year hold

• IRR: 14.1%
• Equity multiple: 2.14×
• Total profit: $23,806
• Equity at exit: $6,441

Cash invested: $20,860 (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 34974

• Home prices YoY: -15.6%
• Active inventory: 402
• Price-to-rent: 5.1×

Monthly cashflow live

• Estimated rent: $1,227 medium
• Mortgage (P&I): −$391
• Tax from tax record: −$96 /mo · $1,148/yr
• Insurance: −$31
• HOA: −$208
• Vacancy / Maint / Mgmt: −$258
• Net cashflow: $244

Break-even live

Break-even rent $918

Max offer price $74,500

Occupancy floor 75%

Sensitivity live

Price	-10% $287	-5% $265	+0% $244	+5% $223	+10% $202
Rent	-10% $147	-5% $196	+0% $244	+5% $293	+10% $341
Rate	-1.0pp $282	-0.5pp $263	base $244	+0.5pp $225	+1.0pp $205

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: $18,625
• Closing costs: $2,235
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $208 · $2,496/yr

Listing history 21 events

1. 2026-06-19
   days on market $74,500 Active 90 DOM
2. 2026-06-18
   days on market $74,500 Active 89 DOM
3. 2026-06-17
   days on market $74,500 Active 88 DOM
4. 2026-06-16
   days on market $74,500 Active 87 DOM
5. 2026-06-15
   days on market $74,500 Active 86 DOM
6. 2026-06-14
   days on market $74,500 Active 84 DOM
7. 2026-06-10
   days on market $74,500 Active 81 DOM
8. 2026-06-09
   days on market $74,500 Active 80 DOM
9. 2026-06-08
   days on market $74,500 Active 79 DOM
10. 2026-06-07
    days on market $74,500 Active 78 DOM
11. 2026-06-05
    days on market $74,500 Active 75 DOM
12. 2026-06-03
    days on market $74,500 Active 74 DOM
13. 2026-06-02
    days on market $74,500 Active 73 DOM
14. 2026-06-01
    days on market $74,500 Active 72 DOM
15. 2026-05-31
    days on market $74,500 Active 71 DOM
16. 2026-05-30
    days on market $74,500 Active 70 DOM
17. 2026-03-20
    listed $74,500 Active
18. 2011-04-15
    soldstatus $30,000 141-char remark

    Show marketing remark (141 chars)

    Two bedroom bath and a half Chariot Eagle park model with large screen porch. Furnished and ready to enjoy. Located near Ancient Oaks Office.

19. 2011-03-01
    listed $34,900 141-char remark

    Show marketing remark (141 chars)

    Two bedroom bath and a half Chariot Eagle park model with large screen porch. Furnished and ready to enjoy. Located near Ancient Oaks Office.

20. 2005-10-04
    soldstatus $25,000
21. 2004-12-13
    soldstatus $18,000

ⓘ 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: $1,148 · $96/mo
• Projected year-2 tax: $1,148 · $96/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 9/10 Extreme 7 d/yr ≥107°F today · 25 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,730
• − Mortgage interest: −$4,173
• − Property taxes: −$1,148
• − Insurance: −$372
• − Repairs & maintenance: −$1,178
• − Management: −$1,178
• − HOA: −$2,496
• − Depreciation: −$2,167
• Taxable income: $2,016
• Est. tax owed @ 24.0%: −$484
• After-tax cash flow: $2,448/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: Okeechobee
• NCES district ID: 1201410
• Math proficiency: 44% ▼ -12.00%
• Reading proficiency: 42% ▼ -4.00%
• Median HH income: $36,710
• Composite: 35.73/100
• National rank: #4855
• State rank: #58 of 73 in FL

Livability — Taylor Creek

• Score: 56/100
• State rank: #874
• US rank: #23017

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Okeechobee County · 23,975 people
• Metro: Okeechobee, FL
• Population (ZIP): 23,975
• Household income: $53,013
• Rent vs Own: 18.3% rent · 81.7% own
• Severe rent burden: 399.0

Population outlook (Okeechobee County) Hauer SSP2

• Today (2025): 37,273 people
• By 2030: 35,885 · -3.7%
• By 2040: 32,931 · -11.6%
• By 2050: 29,433 · -21.0%
• By 2075: 19,607 · -47.4%
• By 2100: 11,814 · -68.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (74%)
• Race & ethnicity: White 74% Hispanic / Latino 19% Two or more races 8% Asian 2% Black 2% Native American 1%
• Hispanic origin (detail): Mexican 12% Puerto Rican 1% Cuban 2%
• Common ancestry: Lithuanian 2% Iranian 2% Italian 2%
• Foreign-born: 11% · Canada, Jamaica
• Languages at home: 81% English-only · Spanish 16% French/Haitian/Cajun 1% Other Indo-European 1%

Political lean MEDSL · Okeechobee

• 2024 margin: Solid R (+53.8) · D 22.9% · R 76.7%
• 2008→2024 swing: -34.6pp toward R · 2008: -19.2pp · 2024: -53.8pp
• All cycles: 2024: R+53.8 2020: R+44.4 2016: R+39.5 2012: R+20.0 2008: R+19.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -64.47%
• Current HPI: 348.6692
• Rent YoY: —
• Metro: Okeechobee, 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

+313.9% since first listed

5 events — show timeline

• 2026-03-20 Listed $74,500 Beaches MLS
• 2011-04-15 Sold (MLS) $30,000 Stellar MLS as Distributed by MLS Grid
• 2011-03-01 Listed $34,900 Stellar MLS as Distributed by MLS Grid
• 2005-10-04 Sold (Public Records) $25,000 Public Records
• 2004-12-13 Sold (Public Records) $18,000 Public Records

Property tax history

+6.2%/yr

Latest (2025): $1,148 · -6.1% YoY. Source: county tax records.