3423 NW 183rd St · Starke, FL 32091

$169,000

3 bd · 2.0 ba · 1,488 sqft · Manufactured public records · 27 Days on market

Built 2002 1.11 ac lot

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Why this score? — see what drove the D+ 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 +16.6/30.0
• ARV discount +7.5/15.0
• DSCR +5.2/10.0
• 1% rule +4.3/10.0
• Schools +3.6/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Spacious and clean 2002 mobile home on 1 acre of land near downtown Starke. This home is nicely maintained and can either be a great starter home or investment property as tenant would like to stay. Home features 3 bedroom/2 bath open concept living/dining. Spacious kitchen with eat in area. Outside features newer well and septic, over 1/2 the property cleared and plenty of outdoor space. This property is only 45 min to Jacksonville, 20 min to Lawtey Correctional and 30 Min to Gainesville.

Key facts

• Newer well
• Spacious kitchen
• 1 acre

Tags

• 1 ACRE
• OPEN-CONCEPT LIVING
• SPACIOUS KITCHEN
• NEWER WELL
• SEPTIC SYSTEM
• OUTDOOR LIVING

Property features AI

Finance

• HOA & community: Not a senior community

Exterior

• Parking: Other parking
• Utilities: Septic tank; Electricity connected
• Home design: Manufactured / Mobile Home
• Exterior features: Lot approximately 1.11 acres; No private pool

Interior

• Kitchen: Dishwasher
• Bedrooms: 3 bedrooms
• Flooring: Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Dishwasher; Laminate flooring

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $169k.

Deal economics

• At list price, monthly cash flow is $-22 ($-259/yr) — negative.
• To cash-flow at today's rent, offer at most $165k (2.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $157k (7.0% below list).
• Recommended offer: $157k (7.0% below list) — sets the bar for 1% rule.
• Cap rate 7.0% vs local median 3.5% in Starke — 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 72/100 on livability (#336 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities D, commute F, employment F.
• Bradford (town): math 43% / reading 42% proficiency, ranked #57 of 73 in FL (top 78%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 60% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Bradford Middle School (math 45% / reading 36%, grade F, #360 of 571 statewide, top 64%, 660 students, 70% FRL); Bradford High School (math 33% / reading 38%, grade F, #367 of 667 statewide, top 57%, 790 students, 53% FRL) — zoned schools at 62% FRL track the district average.
• Market conditions: 153 active listings in the ZIP; 93 units permitted in Bradford County in 2024 (0 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.
• Bradford County population projected at -25% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 27 days — a 2% lower offer ($166k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 8y 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 $169k implies a 463% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $125/mo.
• Climate carrying-cost: in FEMA flood zone A (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; severe wildfire risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $157,169 (7.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
5. 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.
6. 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.
7. 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: 0.93% ✗
• Cap rate: 7.03%
• Cash-on-cash: 2.63%
• DSCR: 1.12
• GRM: 9.0

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: -17.1%
• Equity multiple: 0.39×
• Total profit: $-28,679
• Equity at exit: $25,198

10-year hold

• IRR: -9.0%
• Equity multiple: 0.44×
• Total profit: $-26,411
• Equity at exit: $14,612

Cash invested: $47,320 (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 32091

• Home prices YoY: -10.6%
• Active inventory: 153
• Price-to-rent: 9.0×

Monthly cashflow live

• Estimated rent: $1,572 medium
• Mortgage (P&I): −$886
• Tax from tax record: −$181 /mo · $2,176/yr
• Insurance: −$70
• Flood insurance flood zone: −$125 /mo · $1,502/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$330
• Net cashflow: $-22

Break-even live

Break-even rent $1,599

Max offer price $165,182

Occupancy floor 96%

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: $42,250
• Closing costs: $5,070
• Reserves months: —
• Total cash needed: —

Listing history 27 events

1. 2026-06-18
   days on market $169,000 Active 27 DOM
2. 2026-06-17
   days on market $169,000 Active 26 DOM
3. 2026-06-16
   days on market $169,000 Active 25 DOM
4. 2026-06-15
   days on market $169,000 Active 24 DOM
5. 2026-06-14
   days on market $169,000 Active 22 DOM
6. 2026-06-13
   days on market $169,000 Active 21 DOM
7. 2026-06-10
   days on market $169,000 Active 19 DOM
8. 2026-06-09
   days on market $169,000 Active 18 DOM
9. 2026-06-08
   days on market $169,000 Active 17 DOM
10. 2026-06-07
    days on market $169,000 Active 16 DOM
11. 2026-06-03
    days on market $169,000 Active 12 DOM
12. 2026-06-02
    days on market $169,000 Active 11 DOM
13. 2026-06-01
    days on market $169,000 Active 10 DOM
14. 2026-05-31
    days on market $169,000 Active 9 DOM
15. 2026-05-30
    days on market $169,000 Active 8 DOM
16. 2026-05-22
    listed $169,000 Active
17. 2023-05-18
    historical 494-char remark

    Show marketing remark (494 chars)

    Spacious and clean 2002 mobile home on 1 acre of land near downtown Starke. This home is nicely maintained and can either be a great starter home or investment property as tenant would like to stay. Home features 3 bedroom/2 bath open concept living/dining. Spacious kitchen with eat in area. Outside features newer well and septic, over 1/2 the property cleared and plenty of outdoor space. This property is only 45 min to Jacksonville, 20 min to Lawtey Correctional and 30 Min to Gainesville.

18. 2023-05-18
    status Pending 494-char remark

    Show marketing remark (494 chars)

    Spacious and clean 2002 mobile home on 1 acre of land near downtown Starke. This home is nicely maintained and can either be a great starter home or investment property as tenant would like to stay. Home features 3 bedroom/2 bath open concept living/dining. Spacious kitchen with eat in area. Outside features newer well and septic, over 1/2 the property cleared and plenty of outdoor space. This property is only 45 min to Jacksonville, 20 min to Lawtey Correctional and 30 Min to Gainesville.

19. 2023-05-08
    historical Active - Contingent 494-char remark

    Show marketing remark (494 chars)

    Spacious and clean 2002 mobile home on 1 acre of land near downtown Starke. This home is nicely maintained and can either be a great starter home or investment property as tenant would like to stay. Home features 3 bedroom/2 bath open concept living/dining. Spacious kitchen with eat in area. Outside features newer well and septic, over 1/2 the property cleared and plenty of outdoor space. This property is only 45 min to Jacksonville, 20 min to Lawtey Correctional and 30 Min to Gainesville.

20. 2023-03-25
    listed $145,000 Active 494-char remark

    Show marketing remark (494 chars)

    Spacious and clean 2002 mobile home on 1 acre of land near downtown Starke. This home is nicely maintained and can either be a great starter home or investment property as tenant would like to stay. Home features 3 bedroom/2 bath open concept living/dining. Spacious kitchen with eat in area. Outside features newer well and septic, over 1/2 the property cleared and plenty of outdoor space. This property is only 45 min to Jacksonville, 20 min to Lawtey Correctional and 30 Min to Gainesville.

21. 2020-02-02
    historical 486-char remark

    Show marketing remark (486 chars)

    Spacious! Home has New front and side deck, Outdoor detached room that could be easily turned into a summer kitchen for barbecues and entertaining. The home boasts 3bd/2 bath indoor laundry with an open concept floor plan, recently remodeled with all new interior paint, beautiful laminate flooring, High counter tops with New Laminate tops and glass bowl sinks. Lots of storage space and a yard to grow a small garden or just enjoy the outside. Call today to schedule your appointment.

22. 2019-07-01
    listed $114,900 486-char remark

    Show marketing remark (486 chars)

    Spacious! Home has New front and side deck, Outdoor detached room that could be easily turned into a summer kitchen for barbecues and entertaining. The home boasts 3bd/2 bath indoor laundry with an open concept floor plan, recently remodeled with all new interior paint, beautiful laminate flooring, High counter tops with New Laminate tops and glass bowl sinks. Lots of storage space and a yard to grow a small garden or just enjoy the outside. Call today to schedule your appointment.

23. 2018-04-25
    soldstatus $30,000
24. 2018-04-25
    soldstatus $30,000
25. 2018-03-29
    listed $12,000
26. 2018-03-29
    listed $12,000
27. 2016-12-30
    soldstatus $18,100

ⓘ 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: $2,176 · $181/mo
• Projected year-2 tax: $2,176 · $181/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 6/10 Major FEMA zone A · 74% chance over 30 yrs
• 🔥 Wildfire 9/10 Extreme
• 🌡 Heat 8/10 Severe 7 d/yr ≥107°F today · 20 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: $18,860
• − Mortgage interest: −$9,467
• − Property taxes: −$2,176
• − Insurance: −$2,348
• − Repairs & maintenance: −$1,509
• − Management: −$1,509
• − Depreciation: −$4,916
• Taxable loss: −$3,064
• Est. tax savings @ 24.0%: +$735
• After-tax cash flow: $476/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: Bradford
• NCES district ID: 1200120
• Math proficiency: 43% ▼ -9.00%
• Reading proficiency: 42% ▼ -3.00%
• Median HH income: $41,661
• Composite: 35.78/100
• National rank: #4840
• State rank: #57 of 73 in FL

Livability — Starke

• Score: 72/100
• State rank: #336
• US rank: #5839

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 16,062
• Population (ZIP): 16,062

Population outlook (Bradford County) Hauer SSP2

• Today (2025): 24,999 people
• By 2030: 23,895 · -4.4%
• By 2040: 21,329 · -14.7%
• By 2050: 18,681 · -25.3%
• By 2075: 13,557 · -45.8%
• By 2100: 9,228 · -63.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (69%)
• Race & ethnicity: White 69% Black 20% Hispanic / Latino 6% Two or more races 6%
• Hispanic origin (detail): Puerto Rican 4%
• Common ancestry: Lithuanian 3% Serbian 1% Slovak 1%
• Foreign-born: 3% · Canada, Mexico, Jamaica
• Languages at home: 97% English-only · Spanish 2%

Political lean MEDSL · Bradford

• 2024 margin: Solid R (+57.2) · D 21.1% · R 78.4%
• 2008→2024 swing: -16.9pp toward R · 2008: -40.3pp · 2024: -57.2pp
• All cycles: 2024: R+57.2 2020: R+52.6 2016: R+49.5 2012: R+42.1 2008: R+40.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -36.09%
• Current HPI: 305.3668
• 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

+833.7% since first listed

12 events — show timeline

• 2026-05-22 Listed $169,000 realMLS
• 2023-05-18 Listing Removed — realMLS
• 2023-05-18 Pending — realMLS
• 2023-05-08 Contingent — realMLS
• 2023-03-25 Listed $145,000 realMLS
• 2020-02-02 Listing Removed — realMLS
• 2019-07-01 Listed $114,900 realMLS
• 2018-04-25 Sold (MLS) $30,000 Stellar MLS as Distributed by MLS Grid
• 2018-04-25 Sold (MLS) $30,000 realMLS
• 2018-03-29 Listed $12,000 Stellar MLS as Distributed by MLS Grid
• 2018-03-29 Listed $12,000 realMLS
• 2016-12-30 Sold (Public Records) $18,100 Public Records

Property tax history

+15.4%/yr

Latest (2025): $2,176 · +10.0% YoY. Source: county tax records.