44 Paradise Lake Dr · Lake Placid, FL 33852

$20,000

2 bd · 1.0 ba · 657 sqft · Manufactured · 57 Days on market

Built 1972 Average condition 4,800 sqft lot Est $39k · 49% under

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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 +15.0/30.0
• ARV discount +15.0/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Schools +3.6/10.0
• Livability +3.4/5.0
• Condition / age +2.8/5.0
• Rent growth +2.7/5.0
• Appreciation +0.0/10.0

Listing remarks

MOTIVATED SELLER!!! Make your offer today! Are you looking for the perfect Florida Vacation Home? Then check out this 2 Bedroom, 1 Bathroom Mobile Home in the Beautiful 55+ Community of Paradise Village Mobile Home Park that is situated on Lake Clay! There are so many fun things to do, the only reason you will need to leave is to go to the grocery store that is less than 1 mile away! This is the perfect home to entertain your friends and family with the Enclosed Florida Room, Wooden Deck, and Jacuzzi that is less than 2 years old! There are many great features included in this home including a New Coating on Metal Roof, 2 Year Old Electric Fireplace, Fully Furnished, Updated Kitchen and Bat

Key facts

• New metal roof
• Updated kitchen
• Electric fireplace

Tags

• ENCLOSED FLORIDA ROOM
• WOODEN DECK
• JACUZZI
• NEW METAL ROOF
• ELECTRIC FIREPLACE
• UPDATED KITCHEN

Property features AI

Finance

• Financial info: Land is leased — land lease payment $676
• HOA & community: Homeowners association with $30 annual fee (about $2.50/mo); Community clubhouse; Community fitness center; Community pool; Senior community

Exterior

• Parking: 2 parking spaces total; 1 carport space; Carport; Driveway; On-street parking
• Utilities: Public water; Public sewer; Well irrigation source
• Home design: Manufactured in-park mobile home; Single wide; One level; Metal roof; Metal and aluminum siding
• Construction: Built with metal siding and aluminum siding
• Exterior features: Deck; Enclosed porch; Front porch; Side porch; Shed(s); Workshop; Waterfront access; Paved road

Interior

• Kitchen: Dishwasher; Microwave; Oven; Range; Refrigerator; Electric water heater
• Flooring: Carpet; Vinyl
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Ceiling fans; Drapes; Furnished; Electric fireplace
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $20k. Condition is rated average.

Deal economics

• At list price, monthly cash flow is $926 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $20k).
• Recommended offer: $19k (3.0% below list) — sets the bar for market timing.
• Cap rate 61.8% vs local median 3.7% in Lake Placid — 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 68/100 on livability (#525 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, health & safety A+; Watch: schools D+, amenities F, commute F.
• Highlands (other): 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; 68% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents flat; 1488 active listings in the ZIP; 980 units permitted in Highlands County in 2024 (80 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $138 of loan paydown is wiped out by about $600 of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 0.8% rent growth), your $6k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 57 days — a 3% lower offer ($19k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 3y ago; this cycle's ask has dropped $20k (50%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $19,400 (3.0% below list)

Questions for the listing agent

1. It's been on market 57 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 6.73% ✓
• Cap rate: 61.84%
• Cash-on-cash: 198.38%
• DSCR: 9.83
• GRM: 1.2

CMA / ARV

• ARV (on-the-fly): $39,420
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
48 Paradise Dr	0.02mi	1/1.0 (-1)	720 (+10%)	8mo	$28,000	$39	71
27 Lake Dr	0.07mi	2/1.0	752 (+14%)	4mo	$45,000	$60	69

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 · 0.82% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 10.44×
• Total profit: $52,851
• Equity at exit: $2,982

10-year hold

• IRR: —
• Equity multiple: 20.76×
• Total profit: $110,672
• Equity at exit: $1,729

Cash invested: $5,600 (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 33852

• Rents YoY: 0.8%
• Active inventory: 1488
• Price-to-rent: 1.2×

Monthly cashflow live

• Estimated rent: $1,347 medium
• Mortgage (P&I): −$105
• Tax est. 1.5%: −$25 /mo · $300/yr
• Insurance: −$8
• HOA: −$0
• Vacancy / Maint / Mgmt: −$283
• Net cashflow: $926

Break-even live

Break-even rent $175

Max offer price $20,000

Occupancy floor 26%

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: $5,000
• Closing costs: $600
• Reserves months: —
• Total cash needed: —

Listing history 17 events

1. 2026-06-19
   days on market $20,000 Active 57 DOM
2. 2026-06-18
   days on market $20,000 Active 56 DOM
3. 2026-06-17
   days on market $20,000 Active 55 DOM
4. 2026-06-16
   days on market $20,000 Active 54 DOM
5. 2026-06-15
   days on market $20,000 Active 53 DOM
6. 2026-06-14
   pricedays on market $20,000 Active 51 DOM
7. 2026-06-10
   days on market $30,000 Active 48 DOM
8. 2026-06-09
   days on market $30,000 Active 47 DOM
9. 2026-06-08
   days on market $30,000 Active 46 DOM
10. 2026-06-07
    days on market $30,000 Active 45 DOM
11. 2026-06-02
    days on market $30,000 Active 40 DOM
12. 2026-06-01
    days on market $30,000 Active 39 DOM
13. 2026-05-31
    days on market $30,000 Active 38 DOM
14. 2026-05-30
    days on market $30,000 Active 37 DOM
15. 2026-05-23
    price $30,000
16. 2026-04-23
    listed $40,000 Active
17. 2023-06-14
    listed $28,700 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $16,162
• − Mortgage interest: −$1,120
• − Property taxes: −$300
• − Insurance: −$100
• − Repairs & maintenance: −$1,293
• − Management: −$1,293
• − Depreciation: −$582
• Taxable income: $11,474
• Est. tax owed @ 24.0%: −$2,754
• After-tax cash flow: $8,356/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.

Condition & rehab AI · 6 photos

Average 55/100 Moderate rehab

This 2-bedroom, 1-bathroom manufactured home in Paradise Village Mobile Home Park is in average condition with moderate rehab needs. It offers a fully furnished interior, new wood laminate flooring, and a new metal roof. The home is situated in a 55+ community with many amenities, making it a great vacation or permanent residence option.

Repairs flagged

• Minor Paint — Painted walls need touch-up
• Minor Landscaping — Landscaping could be more aesthetically pleasing

Value-add opportunities

• Both Paint interior walls — Fresh paint enhances curb appeal and interior aesthetics
• Both Replace curtains — Fresh curtains improve curb appeal and interior aesthetics
• Both Landscaping — Aesthetic improvements increase curb appeal and property value

Renovation cost estimate screening

Repair item	Severity	Est. cost
Paint · Painted walls need touch-up	Minor	$500–3,000
Landscaping · Landscaping could be more aesthetically pleasing	Minor	$500–3,000
Total estimated repair cost · 2 items		$1,000–6,000

Value-add ROI direction

• Both Paint interior walls — Fresh paint enhances curb appeal and interior aesthetics ↑
• Both Replace curtains — Fresh curtains improve curb appeal and interior aesthetics ↑
• Both Landscaping — Aesthetic improvements increase curb appeal and property value ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Highlands
• NCES district ID: 1200840
• Math proficiency: 45% ▼ -7.00%
• Reading proficiency: 43% ▼ -3.00%
• Median HH income: $35,276
• Composite: 36.42/100
• National rank: #4672
• State rank: #54 of 73 in FL

Livability — Lake Placid

• Score: 68/100
• State rank: #525
• US rank: #9813

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Highlands County · 98,898 people
• City population: 22,600
• Metro: Sebring-Avon Park, FL
• Population (ZIP): 22,600
• Household income: $54,284
• Rent vs Own: 18.6% rent · 81.4% own
• Severe rent burden: 439.0

Population outlook (Highlands County) Hauer SSP2

• Today (2025): 99,674 people
• By 2030: 99,615 · -0.1%
• By 2040: 99,342 · -0.3%
• By 2050: 98,242 · -1.4%
• By 2075: 93,291 · -6.4%
• By 2100: 79,894 · -19.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (68%)
• Race & ethnicity: White 68% Hispanic / Latino 22% Two or more races 11% Black 6% Asian 1%
• Hispanic origin (detail): Mexican 11% Puerto Rican 3% Cuban 3%
• Common ancestry: Lithuanian 2% Slovak 2% Iranian 1%
• Foreign-born: 14% · Canada, Dominican Republic
• Languages at home: 79% English-only · Spanish 19% Tagalog/Filipino 1%

Political lean MEDSL · Highlands

• 2024 margin: Solid R (+40.8) · D 29.3% · R 70.1%
• 2008→2024 swing: -22.7pp toward R · 2008: -18.1pp · 2024: -40.8pp
• All cycles: 2024: R+40.8 2020: R+34.4 2016: R+32.0 2012: R+23.0 2008: R+18.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -203.31%
• Current HPI: 224.8693
• Rent YoY: ▲ 0.82%
• Metro: Sebring-Avon Park, 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

+4.5% since first listed

3 events — show timeline

• 2026-05-23 Price Changed $30,000 HAOR as distributed by MLS GRID
• 2026-04-23 Listed $40,000 HAOR as distributed by MLS GRID
• 2023-06-14 Listed $28,700 HAOR as distributed by MLS GRID