66 Panda Ave · Middleburg, FL 32068

$263,900

3 bd · 2.0 ba · 1,620 sqft · Manufactured public records · 178 Days on market

Built 1994 1.14 ac lot Est $246k · 7% over

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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 +18.6/30.0
• DSCR +5.8/10.0
• Schools +5.1/10.0
• ARV discount +4.3/15.0
• 1% rule +3.7/10.0
• Rent growth +3.3/5.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great opportunity to own in desirable Middleburg area! This one needs a little TLC but would be great investment or primary residence on over an acre of land! Property being sold as-is. Priced to sell and won't last long! Schedule your showing today!

Key facts

• New hot water heater
• Spacious lot
• New kitchen cabinets

Tags

• SPACIOUS LOT
• RECENTLY RENOVATED
• NEW KITCHEN CABINETS
• NEW BATHROOM CABINETS
• NEW STAINLESS STEEL APPLIANCES
• NEW HOT WATER HEATER

Property features AI

Finance

• Other: Lot size approximately 1.14 acres
• HOA & community: Not a senior community

Exterior

• Parking: Additional parking (other)
• Utilities: Septic tank sewer; Electricity connected
• Home design: Mobile home; Used for residential purposes
• Exterior features: Other exterior features

Interior

• Kitchen: Convection oven; Electric cooktop; Electric oven; Microwave; Dishwasher; ENERGY STAR qualified dishwasher; ENERGY STAR qualified refrigerator; Ice maker; Wine cooler
• Bedrooms: 3 bedrooms (all on the main level)
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: 3 total rooms

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $264k.

Deal economics

• At list price, monthly cash flow is $254 ($3k/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 $228k (13.4% below list).
• Recommended offer: $228k (13.4% below list) — sets the bar for 1% rule.
• Cap rate 7.4% vs local median 3.8% in Middleburg — 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 65/100 on livability (#657 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: amenities F, commute F, health & safety F.
• Clay (suburban): math 58% / reading 59% proficiency, ranked #14 of 73 in FL (top 19%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising (+3.4%/yr); 601 active listings in the ZIP; 2 comparable units currently listed for rent nearby; solid renter incomes; 1,876 units permitted in Clay County in 2024 (14 in 5+ unit buildings).
• This rent runs 32% of the median local income ($84k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Clay County population projected at +19% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 178 days — a 12% lower offer ($232k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $21k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $138k; list at $264k implies a 91% 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→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $228,459 (13.4% below list)

Questions for the listing agent

1. It's been on market 178 days. Have you received any prior offers? Is the seller open to a 13% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
5. 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?
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: 0.87% ✗
• Cap rate: 7.45%
• Cash-on-cash: 4.13%
• DSCR: 1.18
• GRM: 9.6

CMA / ARV

• ARV (on-the-fly): $246,240
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
66 Panda Ave	0.00mi	3/2.0	1,620 (0%)	8mo	$138,000	$85	93
18 Bison Ct	0.13mi	3/2.0	1,707 (+5%)	14mo	$230,000	$135	73
4541 Johns Cemetery Rd	0.56mi	4/2.0 (+1)	1,782 (+10%)	6mo	$308,000	$173	47
4530 Cougar Ct	0.59mi	4/2.0 (+1)	1,680 (+4%)	21mo	$255,000	$152	44
196 Aster Ave	0.74mi	3/2.0	1,500 (-7%)	12mo	$249,900	$167	43

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 · 3.35% rent growth · sell at horizon

5-year hold

• IRR: -9.6%
• Equity multiple: 0.65×
• Total profit: $-25,905
• Equity at exit: $39,348

10-year hold

• IRR: 0.2%
• Equity multiple: 1.01×
• Total profit: $1,077
• Equity at exit: $22,817

Cash invested: $73,892 (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 32068

• Home prices YoY: -27.5%
• Rents YoY: 3.4%
• Active inventory: 601
• Price-to-rent: 9.6×

Monthly cashflow live

• Estimated rent: $2,285 medium
• Mortgage (P&I): −$1,384
• Tax from tax record: −$57 /mo · $682/yr
• Insurance: −$110
• HOA: −$0
• Vacancy / Maint / Mgmt: −$480
• Net cashflow: $254

Break-even live

Break-even rent $1,963

Max offer price $263,900

Occupancy floor 84%

Sensitivity live

Price	-10% $403	-5% $329	+0% $254	+5% $179	+10% $105
Rent	-10% $74	-5% $164	+0% $254	+5% $344	+10% $435
Rate	-1.0pp $387	-0.5pp $321	base $254	+0.5pp $186	+1.0pp $116

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: $65,975
• Closing costs: $7,917
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4371 Johns Cemetery Rd Middleburg, FL	4.0	2.0	1718	$2,000	$1.16	21d	1	0.39mi
931 Voyager Trl Middleburg, FL	2.0–3.0	2.5	1618	$2,147	$1.33	2d	6	0.70mi

Listing history 18 events

1. 2026-06-01
   days on market $263,900 Active 178 DOM
2. 2026-05-31
   days on market $263,900 Active 177 DOM
3. 2026-05-18
   price $263,900
4. 2026-04-17
   price $264,900
5. 2026-03-19
   price $268,000
6. 2026-02-18
   price $269,000
7. 2026-02-05
   price $273,900
8. 2026-01-31
   price $274,500
9. 2026-01-23
   price $274,900
10. 2026-01-08
    price $279,900
11. 2025-12-05
    listed $284,900 Active
12. 2025-10-28
    soldstatus $138,000
13. 2025-10-24
    soldstatus $138,000 Closed 250-char remark

    Show marketing remark (250 chars)

    Great opportunity to own in desirable Middleburg area! This one needs a little TLC but would be great investment or primary residence on over an acre of land! Property being sold as-is. Priced to sell and won't last long! Schedule your showing today!

14. 2025-10-20
    status Pending 250-char remark

    Show marketing remark (250 chars)

    Great opportunity to own in desirable Middleburg area! This one needs a little TLC but would be great investment or primary residence on over an acre of land! Property being sold as-is. Priced to sell and won't last long! Schedule your showing today!

15. 2025-10-08
    listed $149,900 Active 250-char remark

    Show marketing remark (250 chars)

    Great opportunity to own in desirable Middleburg area! This one needs a little TLC but would be great investment or primary residence on over an acre of land! Property being sold as-is. Priced to sell and won't last long! Schedule your showing today!

16. 2025-09-30
    soldstatus $96,000
17. 2005-05-06
    soldstatus $87,000
18. 2002-05-16
    soldstatus $27,900

ⓘ 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: $682 · $57/mo
• Projected year-2 tax: $2,190 · $183/mo
• Expected delta: +$1,508/yr (+$126/mo · 221.1%)

ⓘ 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 7/10 Severe
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°F today · 19 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 · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,415
• − Mortgage interest: −$14,783
• − Property taxes: −$682
• − Insurance: −$1,320
• − Repairs & maintenance: −$2,193
• − Management: −$2,193
• − Depreciation: −$7,677
• Taxable loss: −$1,432
• Est. tax savings @ 24.0%: +$344
• After-tax cash flow: $3,393/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: Clay
• NCES district ID: 1200300
• Math proficiency: 58% ▼ -8.00%
• Reading proficiency: 59% ▼ -3.00%
• Median HH income: $59,379
• Composite: 50.73/100
• National rank: #1815
• State rank: #14 of 73 in FL

Livability — Middleburg

• Score: 65/100
• State rank: #657
• US rank: #13174

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Middleburg, FL
• County: Clay County · 208,450 people
• City population: 58,983
• Metro: Jacksonville, FL
• Population (ZIP): 58,983
• Household income: $84,431
• Rent vs Own: 20.7% rent · 79.3% own
• Severe rent burden: 975.0

Population outlook (Clay County) Hauer SSP2

• Today (2025): 230,495 people
• By 2030: 242,427 · +5.2%
• By 2040: 262,244 · +13.8%
• By 2050: 275,148 · +19.4%
• By 2075: 295,397 · +28.2%
• By 2100: 287,592 · +24.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (74%)
• Race & ethnicity: White 74% Hispanic / Latino 13% Two or more races 10% Black 7%
• Hispanic origin (detail): Mexican 2% Puerto Rican 5%
• Common ancestry: Slovak 2% Romanian 2% Lithuanian 2%
• Foreign-born: 7% · Canada, Jamaica
• Languages at home: 87% English-only · Spanish 9% Arabic 1% German/W. Germanic 1%

Political lean MEDSL · Clay

• 2024 margin: Solid R (+39.3) · D 29.9% · R 69.2%
• 2008→2024 swing: +3.6pp toward D · 2008: -42.8pp · 2024: -39.3pp
• All cycles: 2024: R+39.3 2020: R+37.1 2016: R+44.3 2012: R+45.8 2008: R+42.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -115.99%
• Current HPI: 305.2531
• Rent YoY: ▲ 3.35%
• Metro: Jacksonville, 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

+845.9% since first listed

16 events — show timeline

• 2026-05-18 Price Changed $263,900 realMLS
• 2026-04-17 Price Changed $264,900 realMLS
• 2026-03-19 Price Changed $268,000 realMLS
• 2026-02-18 Price Changed $269,000 realMLS
• 2026-02-05 Price Changed $273,900 realMLS
• 2026-01-31 Price Changed $274,500 realMLS
• 2026-01-23 Price Changed $274,900 realMLS
• 2026-01-08 Price Changed $279,900 realMLS
• 2025-12-05 Listed $284,900 realMLS
• 2025-10-28 Sold (Public Records) $138,000 Public Records
• 2025-10-24 Sold (MLS) $138,000 realMLS
• 2025-10-20 Pending — realMLS
• 2025-10-08 Listed $149,900 realMLS
• 2025-09-30 Sold (Public Records) $96,000 Public Records
• 2005-05-06 Sold (Public Records) $87,000 Public Records
• 2002-05-16 Sold (Public Records) $27,900 Public Records

Property tax history

-4.5%/yr

Latest (2025): $682 · +2.5% YoY. Source: county tax records.