1621 Haddock St · St. Cloud, FL 34771

$139,900

2 bd · 1.0 ba · 564 sqft · Manufactured public records · 86 Days on market

Built 1974 6,403 sqft lot Est $240k · 42% under

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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 +29.1/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +7.8/10.0
• Schools +3.6/10.0
• Rent growth +3.3/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Under contract-accepting backup offers. NEW PRICE! Come see this affordable, MOVE-IN READY 3-bedroom, 1-bath mobile home located on a corner lot near the scenic Alligator Chain of Lakes, just 1.3 miles from the Trout Lake boat ramp! NO HOA means you can bring your boat, RV, or toys—no restrictions. This well-maintained home is offered fully furnished and includes all appliances, featuring a brand new stainless steel stove. The spacious screened front porch/Florida room offers new screens and door, epoxy floor coating, ceiling fan, vinyl windows, and comfortable seating—ideal for morning coffee or relaxing with friends. The kitchen has eating space and a breakfast bar overlooking

Key facts

• Vinyl windows
• No hoa
• Corner lot

Tags

• CORNER LOT
• NO HOA
• FULLY FURNISHED
• SPACIOUS SCREENED FRONT PORCH
• EPOXY FLOOR COATING
• VINYL WINDOWS

Property features AI

Finance

• Other: Furnished; Living area listed as 564 sq ft (public records); Building area total listed as 1,337 sq ft; Lot approximately 0.15 acres (about 80x80)
• Financial info: Lease restrictions apply
• HOA & community: No association

Exterior

• Parking: Carport with 1 space
• Security: No specific security features listed
• Utilities: Well water; Septic tank; Broadband/high-speed internet available; Cable available; Private utilities
• Home design: Residential mobile home (single wide); One story; Faces west; Entry on stilt/piling foundation
• Construction: Metal siding; Metal roof; Stilt/On piling foundation; Built as single wide mobile home
• Exterior features: Front porch; Rear porch; Private mailbox; Rain gutters; Shed(s); Corner lot; Landscaped; Paved road access; Fruit trees on the property

Interior

• Kitchen: Range; Microwave; Refrigerator; Electric water heater; Water softener
• Bedrooms: 3 bedrooms
• Flooring: Ceramic tile; Laminate
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; Eat-in kitchen; Blinds and shades; Florida room; Decorative electric fireplace
• Laundry & utility: Washer and dryer inside

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $140k.

Deal economics

• At list price, monthly cash flow is $56 ($675/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $140k).
• Recommended offer: $132k (6.0% below list) — sets the bar for market timing.
• Cap rate 10.4% vs local median 4.0% in St. Cloud — 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: area grade B — affects rentability + tenant quality, not the cash-flow math above.
• Osceola (suburban): math 39% / reading 45% proficiency, ranked #60 of 73 in FL (top 82%) — 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.
• Market conditions: Rents rising (+3.0%/yr); 1378 active listings in the ZIP; 1 comparable units currently listed for rent nearby; solid renter incomes; 8,813 units permitted in Osceola County in 2024 (3,072 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $967 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Osceola County population projected at +73% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 86 days — a 6% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $19k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $34k; list at $140k implies a 311% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); 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 $131,506 (6.0% below list)

Questions for the listing agent

1. It's been on market 86 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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: 1.28% ✓
• Cap rate: 10.43%
• Cash-on-cash: 14.79%
• DSCR: 1.66
• GRM: 6.5

CMA / ARV

• ARV (on-the-fly): $240,264
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6420 Woods St	0.26mi	2/2.0	528 (-6%)	14mo	$225,000	$426	62

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 · 3.02% rent growth · sell at horizon

5-year hold

• IRR: -13.3%
• Equity multiple: 0.52×
• Total profit: $-18,786
• Equity at exit: $20,860

10-year hold

• IRR: -4.0%
• Equity multiple: 0.73×
• Total profit: $-10,520
• Equity at exit: $12,096

Cash invested: $39,172 (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 34771

• Home prices YoY: -30.0%
• Rents YoY: 3.0%
• Active inventory: 1378
• Price-to-rent: 6.5×

Monthly cashflow live

• Estimated rent: $1,786 medium
• Mortgage (P&I): −$734
• Tax from tax record: −$136 /mo · $1,633/yr
• Insurance: −$58
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$375
• Net cashflow: $56

Break-even live

Break-even rent $1,715

Max offer price $139,900

Occupancy floor 92%

Sensitivity live

Price	-10% $135	-5% $96	+0% $56	+5% $17	+10% $-23
Rent	-10% $-85	-5% $-14	+0% $56	+5% $127	+10% $197
Rate	-1.0pp $127	-0.5pp $92	base $56	+0.5pp $20	+1.0pp $-17

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: $34,975
• Closing costs: $4,197
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2015 Iorio St Unit A St Cloud, FL	1.0	1.0	500	$1,450	$2.90	22d	1	1.37mi

Listing history 8 events

1. 2026-05-18
   price $139,900
2. 2026-03-24
   price $149,900
3. 2026-03-03
   listed $159,000 Active
4. 2025-04-14
   price $159,000
5. 2025-03-28
   price $169,000
6. 2025-03-10
   listed $179,000 Active
7. 1996-10-07
   soldstatus $34,000
8. 1993-12-01
   soldstatus $23,000

ⓘ 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: $1,633 · $136/mo
• Projected year-2 tax: $1,633 · $136/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 AE · 0% chance over 30 yrs
• 🔥 Wildfire 6/10 Major
• 🌡 Heat 9/10 Extreme 7 d/yr ≥108°F today · 23 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: $21,431
• − Mortgage interest: −$7,837
• − Property taxes: −$1,633
• − Insurance: −$5,818
• − Repairs & maintenance: −$1,714
• − Management: −$1,714
• − Depreciation: −$4,070
• Taxable loss: −$1,356
• Est. tax savings @ 24.0%: +$325
• After-tax cash flow: $1,000/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: Osceola
• NCES district ID: 1201470
• Math proficiency: 39% ▼ -9.00%
• Reading proficiency: 45% ▼ -4.00%
• Median HH income: $45,528
• Composite: 35.7/100
• National rank: #4865
• State rank: #60 of 73 in FL

Livability — St. Cloud

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• County: Osceola County · 410,217 people
• City population: 29,247
• Metro: Orlando-Kissimmee-Sanford, FL
• Population (ZIP): 35,257
• Household income: $97,415
• Rent vs Own: 15.0% rent · 85.0% own
• Severe rent burden: 338.0

Population outlook (Osceola County) Hauer SSP2

• Today (2025): 447,624 people
• By 2030: 511,823 · +14.3%
• By 2040: 642,986 · +43.6%
• By 2050: 774,552 · +73.0%
• By 2075: 1,078,144 · +140.9%
• By 2100: 1,269,660 · +183.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.62)
• Race & ethnicity: White 45% Hispanic / Latino 41% Two or more races 20% Black 9% Asian 2%
• Hispanic origin (detail): Mexican 3% Puerto Rican 26% Cuban 2% Dominican 4%
• Common ancestry: Slovak 2% Romanian 2% Lithuanian 1%
• Foreign-born: 14% · Canada, Jamaica
• Languages at home: 64% English-only · Spanish 33% Other Indo-European 3%

Political lean MEDSL · Osceola

• 2024 margin: Toss-up / Even · D 48.7% · R 50.2% · Other 1.1%
• 2008→2024 swing: -21.2pp toward R · 2008: 19.7pp · 2024: -1.4pp
• All cycles: 2024: R+1.4 2020: D+13.8 2016: D+25.0 2012: D+24.5 2008: D+19.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -124.44%
• Current HPI: 290.3095
• Rent YoY: ▲ 3.02%
• 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

+508.3% since first listed

8 events — show timeline

• 2026-05-18 Price Changed $139,900 Stellar MLS as Distributed by MLS Grid
• 2026-03-24 Price Changed $149,900 Stellar MLS as Distributed by MLS Grid
• 2026-03-03 Listed $159,000 Stellar MLS as Distributed by MLS Grid
• 2025-04-14 Price Changed $159,000 Stellar MLS as Distributed by MLS Grid
• 2025-03-28 Price Changed $169,000 Stellar MLS as Distributed by MLS Grid
• 2025-03-10 Listed $179,000 Stellar MLS as Distributed by MLS Grid
• 1996-10-07 Sold (Public Records) $34,000 Public Records
• 1993-12-01 Sold (Public Records) $23,000 Public Records

Property tax history

+12.0%/yr

Latest (2025): $1,633 · +9.5% YoY. Source: county tax records.