255 Grant Bass Rd · Kenansville, FL 34739

$215,000

3 bd · 2.0 ba · 1,980 sqft · Manufactured public records · 12 Days on market

Built 2008 1.02 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 +14.4/30.0
• Appreciation +8.8/10.0
• ARV discount +7.5/15.0
• DSCR +4.4/10.0
• Schools +3.6/10.0
• 1% rule +3.1/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Experience the charm of old Florida living at 255 Grant Bass Rd. in Kenansville! Nestled on 1 ACRE of land with NO Hoa and NO flood zone, this property offers the peaceful country lifestyle you've been searching for. This 2008 manufactured home features 3 bedrooms, 2 bathrooms, and nearly 2,000 square feet of living space with an open floor plan, tall ceilings, cozy fireplace, and built-in features throughout. The home comes fully furnished, making it ideal for a seasonal retreat, primary residence, or investment opportunity. Step outside and enjoy the serene backyard complete with a stocked fishing pond, large mature oak trees, and two storage sheds for added convenience. Local amenities include the public playground and nearby boat ramp to enjoy fishing on Lake Marian! Lake Marian is an 8-mile-long spring-fed lake known for some of the best local fishing for crappie, bass and other species - surrounded by 110,000 acres of conservation land makes it the ultimate fisherman's retreat. If you're looking to escape the hustle and enjoy a peaceful country living with plenty of space to relax and unwind, don't miss this unique opportunity. Water heater 2008, Roof 2008, HVAC approximately 6-7 years old. All information is deemed reliable and shall be independently verified, measurements and lot lines provided are estimated. Property is being sold AS-IS for cash only.

Key facts

• Stocked fishing pond
• 1 acre
• No flood zone

Tags

• 1 ACRE
• NO HOA
• NO FLOOD ZONE
• SERENE BACKYARD
• STOCKED FISHING POND
• LARGE MATURE OAK TREES

Property features AI

Finance

• Other: Property type: Residential; Sub-type: Manufactured Home; Zoning: R-1M; Total acreage: 1 to less than 2 acres; Lot features: In county, oversized lot, street dead-end, paved; Road: public maintained, paved
• HOA & community: No HOA association; Community playground; Pets allowed

Exterior

• Parking: Boat parking; Golf cart parking; Guest parking; Open parking; Oversized parking; RV access/parking
• Utilities: Well water; Septic tank; Broadband/high‑speed internet available; Cable available; Electricity connected; Private pond on the property
• Home design: Manufactured double wide home; Single-story; Faces west; Entry level: One
• Construction: Vinyl siding; Shingle roof; Crawlspace foundation with pillar/post/pier
• Exterior features: Private mailbox; Fenced (other); Pond view

Interior

• Kitchen: Microwave; Range; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning; Fireplace in living room
• Interior features: Built-in features; Eat-in kitchen; High ceilings; Open floorplan; Walk-in closet(s); Blinds
• Laundry & utility: Washer hookup; Electric dryer hookup; Laundry room; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $215k.

Deal economics

• At list price, monthly cash flow is $45 ($536/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $174k (19.1% below list).
• Recommended offer: $174k (19.1% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads: area grade D — 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.
• Zoned schools: Harmony Community School (math 70% / reading 64%, grade B+, #450 of 2,144 statewide, top 22%, 1,012 students, 38% FRL); Harmony High School (math 40% / reading 46%, grade F, #255 of 667 statewide, top 39%, 2,822 students, 42% FRL) — zoned schools average 40% FRL vs 60% district-wide (20 pts lower); this property's tenant base skews higher-income than the district average.
• Zoned-school proficiency averages 55% at this address vs 42% district-wide (+13 pts) — the actual schools serving this property are materially stronger than the Osceola average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: 26 active listings in the ZIP; 8,813 units permitted in Osceola County in 2024 (3,072 in 5+ unit buildings).

Forward outlook

• In year one you build about $18k of equity ($1k loan paydown + $17k appreciation (7.7% local appreciation)).
• Osceola County population projected at +73% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (7.7% appreciation + 3.0% rent growth), your $60k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$45k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 12 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts 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 $26k; list at $215k implies a 727% 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 $174,042 (19.1% 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. 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?
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: 0.81% ✗
• Cap rate: 6.54%
• Cash-on-cash: 0.89%
• DSCR: 1.04
• GRM: 10.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

7.67% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 19.9%
• Equity multiple: 2.44×
• Total profit: $86,897
• Equity at exit: $158,609

10-year hold

• IRR: 18.6%
• Equity multiple: 5.15×
• Total profit: $249,794
• Equity at exit: $310,427

Cash invested: $60,200 (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 34739

• Home prices YoY: 3.1%
• Active inventory: 26
• Price-to-rent: 10.3×

Monthly cashflow live

• Estimated rent: $1,740 medium
• Mortgage (P&I): −$1,127
• Tax from tax record: −$113 /mo · $1,358/yr
• Insurance: −$90
• HOA: −$0
• Vacancy / Maint / Mgmt: −$365
• Net cashflow: $45

Break-even live

Break-even rent $1,684

Max offer price $215,000

Occupancy floor 92%

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: $53,750
• Closing costs: $6,450
• Reserves months: —
• Total cash needed: —

Listing history 7 events

1. 2026-05-17
   listed $215,000 Active

   Show marketing remark (1382 chars)

   Experience the charm of old Florida living at 255 Grant Bass Rd. in Kenansville! Nestled on 1 ACRE of land with NO Hoa and NO flood zone, this property offers the peaceful country lifestyle you've been searching for. This 2008 manufactured home features 3 bedrooms, 2 bathrooms, and nearly 2,000 square feet of living space with an open floor plan, tall ceilings, cozy fireplace, and built-in features throughout. The home comes fully furnished, making it ideal for a seasonal retreat, primary residence, or investment opportunity. Step outside and enjoy the serene backyard complete with a stocked fishing pond, large mature oak trees, and two storage sheds for added convenience. Local amenities include the public playground and nearby boat ramp to enjoy fishing on Lake Marian! Lake Marian is an 8-mile-long spring-fed lake known for some of the best local fishing for crappie, bass and other species - surrounded by 110,000 acres of conservation land makes it the ultimate fisherman's retreat. If you're looking to escape the hustle and enjoy a peaceful country living with plenty of space to relax and unwind, don't miss this unique opportunity. Water heater 2008, Roof 2008, HVAC approximately 6-7 years old. All information is deemed reliable and shall be independently verified, measurements and lot lines provided are estimated. Property is being sold AS-IS for cash only.

2. 2026-05-17
   listed $215,000 Active 1382-char remark

   Show marketing remark (1382 chars)

   Experience the charm of old Florida living at 255 Grant Bass Rd. in Kenansville! Nestled on 1 ACRE of land with NO Hoa and NO flood zone, this property offers the peaceful country lifestyle you've been searching for. This 2008 manufactured home features 3 bedrooms, 2 bathrooms, and nearly 2,000 square feet of living space with an open floor plan, tall ceilings, cozy fireplace, and built-in features throughout. The home comes fully furnished, making it ideal for a seasonal retreat, primary residence, or investment opportunity. Step outside and enjoy the serene backyard complete with a stocked fishing pond, large mature oak trees, and two storage sheds for added convenience. Local amenities include the public playground and nearby boat ramp to enjoy fishing on Lake Marian! Lake Marian is an 8-mile-long spring-fed lake known for some of the best local fishing for crappie, bass and other species - surrounded by 110,000 acres of conservation land makes it the ultimate fisherman's retreat. If you're looking to escape the hustle and enjoy a peaceful country living with plenty of space to relax and unwind, don't miss this unique opportunity. Water heater 2008, Roof 2008, HVAC approximately 6-7 years old. All information is deemed reliable and shall be independently verified, measurements and lot lines provided are estimated. Property is being sold AS-IS for cash only.

3. 1994-11-28
   soldstatus $26,000
4. 1994-10-24
   soldstatus $26,400
5. 1991-03-22
   soldstatus $27,000
6. 1985-07-01
   soldstatus $24,700
7. 1983-05-01
   soldstatus $22,500

ⓘ 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: $1,358 · $113/mo
• Projected year-2 tax: $1,784 · $149/mo
• Expected delta: +$427/yr (+$36/mo · 31.4%)

ⓘ 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 9/10 Extreme 7 d/yr ≥108°F today · 23 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,885
• − Mortgage interest: −$12,043
• − Property taxes: −$1,358
• − Insurance: −$1,075
• − Repairs & maintenance: −$1,671
• − Management: −$1,671
• − Depreciation: −$6,255
• Taxable loss: −$3,187
• Est. tax savings @ 24.0%: +$765
• After-tax cash flow: $1,301/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 — Kenansville

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

Census & demographics

• Population (ZIP): 858

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: Majority Hispanic (53%)
• Race & ethnicity: Hispanic / Latino 53% Two or more races 51% White 47%
• Hispanic origin (detail): Puerto Rican 2% Cuban 29%
• Common ancestry: Romanian 3% Slovak 3% Lithuanian 2%
• Foreign-born: 26% · Canada
• Languages at home: 56% English-only · Spanish 44%

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: ▲ 7.67%
• Current HPI: 256.0668
• 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

+855.6% since first listed

7 events — show timeline

• 2026-05-17 Listed $215,000 SCMLS
• 2026-05-17 Listed $215,000 Stellar MLS as Distributed by MLS Grid
• 1994-11-28 Sold (Public Records) $26,000 Public Records
• 1994-10-24 Sold (Public Records) $26,400 Public Records
• 1991-03-22 Sold (Public Records) $27,000 Public Records
• 1985-07-01 Sold (Public Records) $24,700 Public Records
• 1983-05-01 Sold (Public Records) $22,500 Public Records

Property tax history

+1.6%/yr

Latest (2025): $1,358 · +9.0% YoY. Source: county tax records.