3691 NW 120th St · Chiefland, FL 32626

$169,900

3 bd · 2.0 ba · 1,512 sqft · Manufactured public records · 22 Days on market

Built 1991 1.00 ac lot

---

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 +23.2/30.0
• DSCR +7.5/10.0
• ARV discount +7.5/15.0
• 1% rule +5.8/10.0
• 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

3/2 MOBILE HOME IN CHIEFLAND, FL - 1,512 sq. ' H/C split floor plan on 1 ac. close to Chiefland & Trenton. Good investment property for a rental, or with a little TLC could make a great home for "snowbirds". Nice lot on a paved road with pines & oaks, partially landscaped, perimeter fenced & gated. In your downtime take advantage of the many recreational opportunities nearby - fishing, swimming, diving & boating, ALL within an hour's drive! Thirty-five minutes to the Gulf of Mexico where you can spend the day in Cedar Key, & less time to state parks, local natural springs & the Suwannee River. Mobiles on acreage are going fast, so if you're looking for a second home or investment property, this is one to see! Don't wait, call today!

Key facts

• Barn doors
• Walk-in shower
• Double vanities

Tags

• FULLY FURNISHED
• FULLY FENCED PROPERTY
• RUSTIC BACKSPLASH DETAILS
• BARN DOORS
• WALK-IN SHOWER
• DOUBLE VANITIES

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $170k.

Deal economics

• At list price, monthly cash flow is $308 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $170k).
• Recommended offer: $167k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.5% vs local median 3.3% in Chiefland — 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 (#364 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, health & safety A+; Watch: schools D, amenities D-, commute F.
• Levy (rural): math 45% / reading 43% proficiency, ranked #54 of 73 in FL (top 74%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 62% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 199 active listings in the ZIP; 199 units permitted in Levy 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.
• Levy County population projected at -28% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 22 days — a 2% lower offer ($167k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 6y 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 $70k; list at $170k implies a 143% 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; major wildfire risk; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $167,351 (1.5% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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.
4. 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.
5. 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: 1.08% ✓
• Cap rate: 8.47%
• Cash-on-cash: 7.76%
• DSCR: 1.35
• GRM: 7.7

CMA / ARV

• ARV (on-the-fly): $583,632
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4250 NW 120th St	0.64mi	3/2.0	1,620 (+7%)	6mo	$625,000	$386	53

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: 0.83×
• Total profit: $-7,922
• Equity at exit: $25,333

10-year hold

• IRR: 5.2%
• Equity multiple: 1.39×
• Total profit: $18,363
• Equity at exit: $14,690

Cash invested: $47,572 (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 32626

• Home prices YoY: -6.9%
• Active inventory: 199
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $1,828 medium
• Mortgage (P&I): −$891
• Tax from tax record: −$174 /mo · $2,092/yr
• Insurance: −$71
• HOA: −$0
• Vacancy / Maint / Mgmt: −$384
• Net cashflow: $308

Break-even live

Break-even rent $1,438

Max offer price $169,900

Occupancy floor 78%

Sensitivity live

Price	-10% $404	-5% $356	+0% $308	+5% $260	+10% $212
Rent	-10% $163	-5% $236	+0% $308	+5% $380	+10% $452
Rate	-1.0pp $393	-0.5pp $351	base $308	+0.5pp $264	+1.0pp $219

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: $42,475
• Closing costs: $5,097
• Reserves months: —
• Total cash needed: —

Listing history 8 events

1. 2026-03-16
   status Pending
2. 2026-02-22
   listed $169,900 Active
3. 2020-11-28
   soldstatus $70,000
4. 2020-10-07
   soldstatus $70,000 787-char remark

   Show marketing remark (787 chars)

   3/2 MOBILE HOME IN CHIEFLAND, FL - 1,512 sq. ' H/C split floor plan on 1 ac. close to Chiefland & Trenton. Good investment property for a rental, or with a little TLC could make a great home for "snowbirds". Nice lot on a paved road with pines & oaks, partially landscaped, perimeter fenced & gated. In your downtime take advantage of the many recreational opportunities nearby - fishing, swimming, diving & boating, ALL within an hour's drive! Thirty-five minutes to the Gulf of Mexico where you can spend the day in Cedar Key, & less time to state parks, local natural springs & the Suwannee River. Mobiles on acreage are going fast, so if you're looking for a second home or investment property, this is one to see! Don't wait, call today!

5. 2020-08-18
   listed $79,000 787-char remark

   Show marketing remark (787 chars)

   3/2 MOBILE HOME IN CHIEFLAND, FL - 1,512 sq. ' H/C split floor plan on 1 ac. close to Chiefland & Trenton. Good investment property for a rental, or with a little TLC could make a great home for "snowbirds". Nice lot on a paved road with pines & oaks, partially landscaped, perimeter fenced & gated. In your downtime take advantage of the many recreational opportunities nearby - fishing, swimming, diving & boating, ALL within an hour's drive! Thirty-five minutes to the Gulf of Mexico where you can spend the day in Cedar Key, & less time to state parks, local natural springs & the Suwannee River. Mobiles on acreage are going fast, so if you're looking for a second home or investment property, this is one to see! Don't wait, call today!

6. 2014-07-14
   soldstatus $36,000
7. 2010-03-10
   soldstatus $67,000
8. 2004-11-23
   soldstatus $9,500

ⓘ 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: $2,092 · $174/mo
• Projected year-2 tax: $2,092 · $174/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 6/10 Major
• 🌡 Heat 8/10 Severe 7 d/yr ≥107°F today · 23 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,933
• − Mortgage interest: −$9,517
• − Property taxes: −$2,092
• − Insurance: −$850
• − Repairs & maintenance: −$1,755
• − Management: −$1,755
• − Depreciation: −$4,943
• Taxable income: $1,023
• Est. tax owed @ 24.0%: −$245
• After-tax cash flow: $3,448/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: Levy
• NCES district ID: 1201140
• Math proficiency: 45% ▼ -8.00%
• Reading proficiency: 43% ▼ -3.00%
• Median HH income: $35,254
• Composite: 36.42/100
• National rank: #4673
• State rank: #54 of 73 in FL

Livability — Chiefland

• Score: 72/100
• State rank: #364
• US rank: #6411

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 8,994

Population outlook (Levy County) Hauer SSP2

• Today (2025): 36,536 people
• By 2030: 34,498 · -5.6%
• By 2040: 30,294 · -17.1%
• By 2050: 26,368 · -27.8%
• By 2075: 19,003 · -48.0%
• By 2100: 13,169 · -64.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (78%)
• Race & ethnicity: White 78% Black 11% Hispanic / Latino 7% Two or more races 6%
• Hispanic origin (detail): Mexican 3% Puerto Rican 2% Cuban 1%
• Common ancestry: Slovak 2% Lithuanian 2% Italian 1%
• Foreign-born: 3% · Canada, China
• Languages at home: 93% English-only · Spanish 6% Tagalog/Filipino 1%

Political lean MEDSL · Levy

• 2024 margin: Solid R (+50.3) · D 24.6% · R 74.8%
• 2008→2024 swing: -23.3pp toward R · 2008: -26.9pp · 2024: -50.3pp
• All cycles: 2024: R+50.3 2020: R+45.6 2016: R+44.8 2012: R+32.2 2008: R+26.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -21.03%
• Current HPI: 282.05
• 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

+1688.4% since first listed

8 events — show timeline

• 2026-03-16 Pending — DGLMLS
• 2026-02-22 Listed $169,900 DGLMLS
• 2020-11-28 Sold (Public Records) $70,000 Public Records
• 2020-10-07 Sold (MLS) $70,000 DGLMLS
• 2020-08-18 Listed $79,000 DGLMLS
• 2014-07-14 Sold (Public Records) $36,000 Public Records
• 2010-03-10 Sold (Public Records) $67,000 Public Records
• 2004-11-23 Sold (Public Records) $9,500 Public Records

Property tax history

+15.0%/yr

Latest (2025): $2,092 · +14.1% YoY. Source: county tax records.