5651 SE 33rd Ct · Ocala, FL 34480

$85,999

4 bd · 2.0 ba · 1,296 sqft · Manufactured public records · 118 Days on market

Built 1970 0.36 ac lot $66/sqft · 86% below area

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +3.6/10.0
• Livability +3.5/5.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

5651 SE 33rd Ct - An exceptional opportunity to acquire an income-producing parcel in rapidly growing Ocala. 5651 SE 33rd Ct, is part of a larger 9-property investment portfolio that is available, that consists of a mix of mobile homes. With leases currently in place, the portfolio offers both short-term income continuity and long-term flexibility for future value enhancement at the buyer’s discretion. 5651 SE 33rd Ct is positioned and assembled for maximum leverage and scale. This property provides workforce housing in a market experiencing strong population growth, expanding logistics infrastructure, and continued economic diversification. Rental demand in this corridor remains resilient due to job creation and in-migration from higher-cost states. Ocala’s expansion is supported by significant corporate investment. Major national operators such as FedEx and AutoZone have developed new warehouse and distribution facilities in the area, reinforcing employment stability and long-term rental demand. Additionally, the internationally recognized World Equestrian Center, the largest equestrian complex in the United States, drives year-round tourism, hospitality growth, and seasonal residency — all contributing to housing demand across price points. Strategic Central Florida Location: • Approx. 75 miles (±1 hr 15 min) to Orlando International Airport • Approx. 1 hr 20 min to Daytona Beach (Atlantic Coast) • Approx. 1 hr 30 min to Clearwater Beach (Gulf Coast) • Convenient access to I-75 connecting Tampa, Orlando, and North Florida This central positioning enhances tenant appeal while also strengthening long-term land value fundamentals. Investment & Development Potential: • Stabilized cash-flow asset • Single and (2) Four-parcel assemblage increases redevelopment flexibility • Attractive land-bank strategy in a growth corridor • Opportunity to enhance rents or reposition over time (buyer to verify zoning and land-use possibilities) As Marion County continues to attract industrial, logistics, and tourism-related development, assembled multi-parcel opportunities become increasingly scarce. This offering allows an investor to capture present income while maintaining optionality for future redevelopment or density optimization. A property of this scale — with occupancy in place and corporate-backed regional growth — represent a compelling blend of strong cash flow, appreciation potential, and strategic positioning in one of Central Florida’s fastest-evolving markets. Serious investors and developers should evaluate this opportunity promptly. REF: TB8478180 , TB8478451

Key facts

• Tenant occupied
• Rental demand
• 0.36 acre lot

Tags

• INCOME PRODUCING PARCEL
• TENANT OCCUPIED
• DOCUMENTED RENTAL HISTORY
• STRONG POPULATION GROWTH
• ECONOMIC DIVERSIFICATION
• RENTAL DEMAND

🏷️ Possibly a rental listed for sale. The $85,999 price doesn't fit this home's estimated sale value (~$608,843) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath manufactured listed at $86k.

Deal economics

• At list price, monthly cash flow is $866 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $86k).
• Recommended offer: $78k (9.0% below list) — sets the bar for market timing.
• Cap rate 18.4% vs local median 4.2% in Ocala — 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 69/100 on livability (#476 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime F, amenities F, commute F.
• Marion (rural): math 42% / reading 43% proficiency, ranked #61 of 73 in FL (top 84%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 61% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+2.8%/yr); 344 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 7,071 units permitted in Marion County in 2024 (534 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $594 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Marion County population projected at +13% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 2.8% rent growth), your $24k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 118 days — a 9% lower offer ($78k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y ago; this cycle's ask has dropped $13k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $25k; list at $86k implies a 244% 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; extreme-heat days projected 6→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $78,259 (9.0% below list)

Questions for the listing agent

1. It's been on market 118 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1970 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
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: 2.16% ✓
• Cap rate: 18.37%
• Cash-on-cash: 43.15%
• DSCR: 2.92
• GRM: 3.9

CMA / ARV

• ARV (median comp): $608,843
• List price: $85,999
• Delta: -85.88%
• Verdict: UNDERPRICED
• Comps: 1 within 2.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3103 SE 48th St	0.70mi	3/2.0 (-1)	1,293 (-0%)	6mo	$165,000	$128	58

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 · 2.84% rent growth · sell at horizon

5-year hold

• IRR: 39.8%
• Equity multiple: 2.70×
• Total profit: $40,939
• Equity at exit: $12,823

10-year hold

• IRR: 46.1%
• Equity multiple: 5.38×
• Total profit: $105,558
• Equity at exit: $7,436

Cash invested: $24,080 (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 34480

• Home prices YoY: -28.7%
• Rents YoY: 2.8%
• Active inventory: 344
• Price-to-rent: 3.9×

Monthly cashflow live

• Estimated rent: $1,854 high
• Mortgage (P&I): −$451
• Tax from tax record: −$112 /mo · $1,341/yr
• Insurance: −$36
• HOA: −$0
• Vacancy / Maint / Mgmt: −$389
• Net cashflow: $866

Break-even live

Break-even rent $758

Max offer price $85,999

Occupancy floor 48%

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: $21,500
• Closing costs: $2,580
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4861 SE 31st Ter Ocala, FL	3.0	2.0	1482	$1,700	$1.15	21d	1	0.64mi
4760 SE 30th Ct Ocala, FL	3.0	2.0	1520	$1,500	$0.99	21d	1	0.76mi
3851 SE 66th Pl Ocala, FL	3.0	2.0	1109	$1,575	$1.42	21d	1	0.78mi
4440 SE 62nd St Ocala, FL	3.0	2.0	1325	$1,850	$1.40	21d	1	0.93mi
6851 SE 23rd Ave Ocala, FL	3.0	2.0	1200	$1,550	$1.29	21d	1	1.22mi
3700 SE 34th Ct Ocala, FL	3.0	2.0	1508	$2,050	$1.36	21d	1	1.43mi
3674 SE 37th Ct Ocala, FL	3.0	2.5	1708	$1,800	$1.05	13d	1	1.48mi

Listing history 19 events

1. 2026-06-18
   days on market $85,999 Active 118 DOM
2. 2026-06-17
   days on market $85,999 Active 117 DOM
3. 2026-06-16
   days on market $85,999 Active 116 DOM
4. 2026-06-15
   days on market $85,999 Active 115 DOM
5. 2026-06-14
   days on market $85,999 Active 113 DOM
6. 2026-06-13
   days on market $85,999 Active 112 DOM
7. 2026-06-10
   days on market $85,999 Active 110 DOM
8. 2026-06-09
   days on market $85,999 Active 109 DOM
9. 2026-06-08
   days on market $85,999 Active 108 DOM
10. 2026-06-07
    pricedays on market $85,999 Active 107 DOM
11. 2026-06-03
    days on market $99,000 Active 103 DOM
12. 2026-06-02
    days on market $99,000 Active 102 DOM
13. 2026-06-01
    days on market $99,000 Active 101 DOM
14. 2026-05-31
    days on market $99,000 Active 100 DOM
15. 2026-05-30
    days on market $99,000 Active 99 DOM
16. 2026-02-20
    listed $99,000 Active 2707-char remark

    Show marketing remark (2707 chars)

    5651 SE 33rd Ct - An exceptional opportunity to acquire an income-producing parcel in rapidly growing Ocala. 5651 SE 33rd Ct, is part of a larger 9-property investment portfolio that is available, that consists of a mix of mobile homes. With leases currently in place, the portfolio offers both short-term income continuity and long-term flexibility for future value enhancement at the buyer’s discretion. 5651 SE 33rd Ct is positioned and assembled for maximum leverage and scale. This property provides workforce housing in a market experiencing strong population growth, expanding logistics infrastructure, and continued economic diversification. Rental demand in this corridor remains resilient due to job creation and in-migration from higher-cost states. Ocala’s expansion is supported by significant corporate investment. Major national operators such as FedEx and AutoZone have developed new warehouse and distribution facilities in the area, reinforcing employment stability and long-term rental demand. Additionally, the internationally recognized World Equestrian Center, the largest equestrian complex in the United States, drives year-round tourism, hospitality growth, and seasonal residency — all contributing to housing demand across price points. Strategic Central Florida Location: • Approx. 75 miles (±1 hr 15 min) to Orlando International Airport • Approx. 1 hr 20 min to Daytona Beach (Atlantic Coast) • Approx. 1 hr 30 min to Clearwater Beach (Gulf Coast) • Convenient access to I-75 connecting Tampa, Orlando, and North Florida This central positioning enhances tenant appeal while also strengthening long-term land value fundamentals. Investment & Development Potential: • Stabilized cash-flow asset • Single and (2) Four-parcel assemblage increases redevelopment flexibility • Attractive land-bank strategy in a growth corridor • Opportunity to enhance rents or reposition over time (buyer to verify zoning and land-use possibilities) As Marion County continues to attract industrial, logistics, and tourism-related development, assembled multi-parcel opportunities become increasingly scarce. This offering allows an investor to capture present income while maintaining optionality for future redevelopment or density optimization. A property of this scale — with occupancy in place and corporate-backed regional growth — represent a compelling blend of strong cash flow, appreciation potential, and strategic positioning in one of Central Florida’s fastest-evolving markets. Serious investors and developers should evaluate this opportunity promptly. REF: TB8478180 , TB8478451

17. 2025-01-16
    soldstatus $25,000 Closed 116-char remark

    Show marketing remark (116 chars)

    This is a total rehab project for investor in SE Ocala. Seller has multiple similar properties in the area for sale.

18. 2024-12-16
    status Pending 116-char remark

    Show marketing remark (116 chars)

    This is a total rehab project for investor in SE Ocala. Seller has multiple similar properties in the area for sale.

19. 2024-12-03
    listed $40,000 Active 116-char remark

    Show marketing remark (116 chars)

    This is a total rehab project for investor in SE Ocala. Seller has multiple similar properties in the area for sale.

ⓘ 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: $1,341 · $112/mo
• Projected year-2 tax: $1,341 · $112/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 4/10 Moderate
• 🌡 Heat 8/10 Severe 6 d/yr ≥108°F today · 18 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 · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,243
• − Mortgage interest: −$4,817
• − Property taxes: −$1,341
• − Insurance: −$430
• − Repairs & maintenance: −$1,779
• − Management: −$1,779
• − Depreciation: −$2,502
• Taxable income: $9,594
• Est. tax owed @ 24.0%: −$2,303
• After-tax cash flow: $8,087/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: Marion
• NCES district ID: 1201260
• Math proficiency: 42% ▼ -7.00%
• Reading proficiency: 43% ▼ -4.00%
• Median HH income: $40,015
• Composite: 35.61/100
• National rank: #4890
• State rank: #61 of 73 in FL

Livability — Ocala

• Score: 69/100
• State rank: #476
• US rank: #8461

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Marion County · 315,796 people
• City population: 263,375
• Metro: Ocala, FL
• Population (ZIP): 23,517
• Household income: $77,557
• Rent vs Own: 23.3% rent · 76.7% own
• Severe rent burden: 169.0

Population outlook (Marion County) Hauer SSP2

• Today (2025): 365,905 people
• By 2030: 376,768 · +3.0%
• By 2040: 396,555 · +8.4%
• By 2050: 412,723 · +12.8%
• By 2075: 446,090 · +21.9%
• By 2100: 436,193 · +19.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (73%)
• Race & ethnicity: White 73% Hispanic / Latino 15% Two or more races 11% Black 6% Asian 2%
• Hispanic origin (detail): Mexican 3% Puerto Rican 5% Cuban 2% Dominican 2%
• Common ancestry: Italian 3% Slovak 3% Lithuanian 2%
• Foreign-born: 6% · Canada
• Languages at home: 89% English-only · Spanish 9% Other Asian/Pacific 1%

Political lean MEDSL · Marion

• 2024 margin: Solid R (+31.6) · D 33.8% · R 65.5%
• 2008→2024 swing: -20.0pp toward R · 2008: -11.6pp · 2024: -31.6pp
• All cycles: 2024: R+31.6 2020: R+25.9 2016: R+26.2 2012: R+16.2 2008: R+11.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -85.60%
• Current HPI: 212.4262
• Rent YoY: ▲ 2.84%
• Metro: Ocala, 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

+147.5% since first listed

4 events — show timeline

• 2026-02-20 Listed $99,000 Stellar MLS as Distributed by MLS Grid
• 2025-01-16 Sold (MLS) $25,000 Stellar MLS as Distributed by MLS Grid
• 2024-12-16 Pending — Stellar MLS as Distributed by MLS Grid
• 2024-12-03 Listed $40,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+9.8%/yr

Latest (2025): $1,341 · +32.4% YoY. Source: county tax records.