7320 Marlo Rd · Leesburg, FL 34788

$325,000

4 bd · 2.5 ba · 2,584 sqft · SingleFamily public records · 78 Days on market

Built 1966 0.52 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 +13.7/30.0
• ARV discount +7.5/15.0
• Schools +4.2/10.0
• DSCR +4.1/10.0
• Livability +3.1/5.0
• 1% rule +2.9/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

One-Owner 1966 Built 3 Bedroom 3 Bath Canal Front Home 260' to Lake Griffin and the Fabulous Harris Chain of Lakes! Home Features Back to Back FL Sandstone Fireplaces, Wood Burning in the Living Room, Gas Fireplace in the Family Room w Terrazzo Floors everywhere except Bedrooms and Tons of Storage. Family Room Includes Built Ins and Sliders to Lanai. Large Kitchen has Dual Pantries, Lots of Counter Space, Wood Cabinets Aplenty w Eating Space at the Bar. Adjacent Dining Area has Additional Pantry and Sliders to 40' Screened Lanai and Peaceful View of Woods Beyond the Canal. Bedrooms are Spacious with Big Closets. Laundry Room is off Dining Area and Kitchen and Includes Sink, Cabinets, Counter Space and 3rd Bath w Doors to Garage in Front and Lanai out Back. Home is Original and Could Use Updating but is Functional, Livable and Priced Accordingly. Canal hasn't been Traversed in Years and will Need to be Cleaned Out. With Vision and Elbow Grease this Home can Easily be a Tranquil Oasis!

Key facts

• Florida charm
• Lake living
• Family room

Tags

• FLORIDA CHARM
• LAKE LIVING
• FORMAL LIVING ROOM
• FAMILY ROOM
• MULTIPLE GATHERING SPACES
• FUNCTIONAL LAYOUT

Property features AI

Finance

• Other: Lot approximately 0.65 acres (approx. 150 x 150) with gravel road and deeded easement; Canal/lake view of Lake Griffin; Homesteaded

Exterior

• Parking: Attached garage with 2 garage spaces and a garage door opener
• Utilities: Well water; Septic tank; Cable connected; Electricity connected; Propane; Sewer connected; Water connected
• Home design: Single family residence; One story; North-facing
• Construction: Block and brick construction; Shingle roof; Slab foundation; Built as a residential single family home
• Exterior features: Sliding doors; Storage; Water view (canal, lake - Chain of Lakes)

Interior

• Kitchen: Built-in oven; Cooktop; Dishwasher; Refrigerator; Electric water heater; Water softener
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Terrazzo; Tile
• Bathrooms: 3 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Eat-in kitchen; Open floorplan; Solid surface counters; Gas fireplace in family room and living room
• Laundry & utility: Inside laundry room with washer and electric dryer hookups

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $325k.

Deal economics

• At list price, monthly cash flow is $22 ($263/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 $258k (20.5% below list).
• Recommended offer: $258k (20.5% below list) — sets the bar for 1% rule.
• Cap rate 6.4% vs local median 4.5% in Leesburg — 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 62/100 on livability (#751 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools D+, crime D, amenities F.
• Lake (suburban): math 49% / reading 50% proficiency, ranked #37 of 73 in FL (top 51%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 285 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 4,799 units permitted in Lake County in 2024 (814 in 5+ unit buildings).
• At $2,582/mo this rent would consume 57% of the median local household income ($54k/yr) (locally 406% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $10k of value loss. Plan a longer hold.
• Lake County population projected at +37% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 78 days — a 6% lower offer ($306k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 5y ago 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 $215k; list at $325k implies a 51% 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 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $258,223 (20.5% below list)

Questions for the listing agent

1. It's been on market 78 days. Have you received any prior offers? Is the seller open to a 21% concession, seller financing, or rate buy-down credit?
2. Built in 1966 — 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. 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?
6. Crime grade is D 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?
7. 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?
8. 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.
9. 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.
10. 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: 0.79% ✗
• Cap rate: 6.37%
• Cash-on-cash: 0.29%
• DSCR: 1.01
• GRM: 10.5

CMA / ARV

• ARV (on-the-fly): $953,496
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1752 Waterview Dr	0.69mi	4/2.0	2,265 (-12%)	16mo	$835,900	$369	32

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -15.9%
• Equity multiple: 0.44×
• Total profit: $-51,368
• Equity at exit: $48,459

10-year hold

• IRR: -7.5%
• Equity multiple: 0.52×
• Total profit: $-43,343
• Equity at exit: $28,100

Cash invested: $91,000 (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 34788

• Home prices YoY: -18.2%
• Active inventory: 285
• Price-to-rent: 10.5×

Monthly cashflow live

• Estimated rent: $2,582 medium
• Mortgage (P&I): −$1,704
• Tax from tax record: −$178 /mo · $2,139/yr
• Insurance: −$135
• HOA: −$0
• Vacancy / Maint / Mgmt: −$542
• Net cashflow: $22

Break-even live

Break-even rent $2,554

Max offer price $325,000

Occupancy floor 94%

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: $81,250
• Closing costs: $9,750
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7545 Sloewood Dr Leesburg, FL	4.0	2.5	1954	$2,130	$1.09	24d	1	1.10mi
7803 Sloewood Dr Leesburg, FL	4.0	3.0	2106	$2,390	$1.13	2d	1	1.26mi
31914 Katelin Cir Leesburg, FL	5.0	3.0	2447	$2,495	$1.02	24d	1	1.29mi
32005 Katelin Cir Leesburg, FL	4.0	2.5	2007	$2,145	$1.07	5d	1	1.44mi

Listing history 8 events

1. 2026-05-19
   status Pending
2. 2026-03-16
   price $325,000
3. 2026-03-02
   listed $335,000 Active
4. 2021-04-28
   soldstatus $215,000 Closed 998-char remark

   Show marketing remark (998 chars)

   One-Owner 1966 Built 3 Bedroom 3 Bath Canal Front Home 260' to Lake Griffin and the Fabulous Harris Chain of Lakes! Home Features Back to Back FL Sandstone Fireplaces, Wood Burning in the Living Room, Gas Fireplace in the Family Room w Terrazzo Floors everywhere except Bedrooms and Tons of Storage. Family Room Includes Built Ins and Sliders to Lanai. Large Kitchen has Dual Pantries, Lots of Counter Space, Wood Cabinets Aplenty w Eating Space at the Bar. Adjacent Dining Area has Additional Pantry and Sliders to 40' Screened Lanai and Peaceful View of Woods Beyond the Canal. Bedrooms are Spacious with Big Closets. Laundry Room is off Dining Area and Kitchen and Includes Sink, Cabinets, Counter Space and 3rd Bath w Doors to Garage in Front and Lanai out Back. Home is Original and Could Use Updating but is Functional, Livable and Priced Accordingly. Canal hasn't been Traversed in Years and will Need to be Cleaned Out. With Vision and Elbow Grease this Home can Easily be a Tranquil Oasis!

5. 2021-04-01
   status Pending 998-char remark

   Show marketing remark (998 chars)

   One-Owner 1966 Built 3 Bedroom 3 Bath Canal Front Home 260' to Lake Griffin and the Fabulous Harris Chain of Lakes! Home Features Back to Back FL Sandstone Fireplaces, Wood Burning in the Living Room, Gas Fireplace in the Family Room w Terrazzo Floors everywhere except Bedrooms and Tons of Storage. Family Room Includes Built Ins and Sliders to Lanai. Large Kitchen has Dual Pantries, Lots of Counter Space, Wood Cabinets Aplenty w Eating Space at the Bar. Adjacent Dining Area has Additional Pantry and Sliders to 40' Screened Lanai and Peaceful View of Woods Beyond the Canal. Bedrooms are Spacious with Big Closets. Laundry Room is off Dining Area and Kitchen and Includes Sink, Cabinets, Counter Space and 3rd Bath w Doors to Garage in Front and Lanai out Back. Home is Original and Could Use Updating but is Functional, Livable and Priced Accordingly. Canal hasn't been Traversed in Years and will Need to be Cleaned Out. With Vision and Elbow Grease this Home can Easily be a Tranquil Oasis!

6. 2021-03-15
   status Pending 998-char remark

   Show marketing remark (998 chars)

   One-Owner 1966 Built 3 Bedroom 3 Bath Canal Front Home 260' to Lake Griffin and the Fabulous Harris Chain of Lakes! Home Features Back to Back FL Sandstone Fireplaces, Wood Burning in the Living Room, Gas Fireplace in the Family Room w Terrazzo Floors everywhere except Bedrooms and Tons of Storage. Family Room Includes Built Ins and Sliders to Lanai. Large Kitchen has Dual Pantries, Lots of Counter Space, Wood Cabinets Aplenty w Eating Space at the Bar. Adjacent Dining Area has Additional Pantry and Sliders to 40' Screened Lanai and Peaceful View of Woods Beyond the Canal. Bedrooms are Spacious with Big Closets. Laundry Room is off Dining Area and Kitchen and Includes Sink, Cabinets, Counter Space and 3rd Bath w Doors to Garage in Front and Lanai out Back. Home is Original and Could Use Updating but is Functional, Livable and Priced Accordingly. Canal hasn't been Traversed in Years and will Need to be Cleaned Out. With Vision and Elbow Grease this Home can Easily be a Tranquil Oasis!

7. 2021-01-29
   price $235,000 998-char remark

   Show marketing remark (998 chars)

   One-Owner 1966 Built 3 Bedroom 3 Bath Canal Front Home 260' to Lake Griffin and the Fabulous Harris Chain of Lakes! Home Features Back to Back FL Sandstone Fireplaces, Wood Burning in the Living Room, Gas Fireplace in the Family Room w Terrazzo Floors everywhere except Bedrooms and Tons of Storage. Family Room Includes Built Ins and Sliders to Lanai. Large Kitchen has Dual Pantries, Lots of Counter Space, Wood Cabinets Aplenty w Eating Space at the Bar. Adjacent Dining Area has Additional Pantry and Sliders to 40' Screened Lanai and Peaceful View of Woods Beyond the Canal. Bedrooms are Spacious with Big Closets. Laundry Room is off Dining Area and Kitchen and Includes Sink, Cabinets, Counter Space and 3rd Bath w Doors to Garage in Front and Lanai out Back. Home is Original and Could Use Updating but is Functional, Livable and Priced Accordingly. Canal hasn't been Traversed in Years and will Need to be Cleaned Out. With Vision and Elbow Grease this Home can Easily be a Tranquil Oasis!

8. 2021-01-12
   listed $249,000 Active 998-char remark

   Show marketing remark (998 chars)

   One-Owner 1966 Built 3 Bedroom 3 Bath Canal Front Home 260' to Lake Griffin and the Fabulous Harris Chain of Lakes! Home Features Back to Back FL Sandstone Fireplaces, Wood Burning in the Living Room, Gas Fireplace in the Family Room w Terrazzo Floors everywhere except Bedrooms and Tons of Storage. Family Room Includes Built Ins and Sliders to Lanai. Large Kitchen has Dual Pantries, Lots of Counter Space, Wood Cabinets Aplenty w Eating Space at the Bar. Adjacent Dining Area has Additional Pantry and Sliders to 40' Screened Lanai and Peaceful View of Woods Beyond the Canal. Bedrooms are Spacious with Big Closets. Laundry Room is off Dining Area and Kitchen and Includes Sink, Cabinets, Counter Space and 3rd Bath w Doors to Garage in Front and Lanai out Back. Home is Original and Could Use Updating but is Functional, Livable and Priced Accordingly. Canal hasn't been Traversed in Years and will Need to be Cleaned Out. With Vision and Elbow Grease this Home can Easily be a Tranquil Oasis!

ⓘ 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: $2,139 · $178/mo
• Projected year-2 tax: $2,698 · $225/mo
• Expected delta: +$558/yr (+$47/mo · 26.1%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥107°F today · 20 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: $30,987
• − Mortgage interest: −$18,205
• − Property taxes: −$2,139
• − Insurance: −$1,625
• − Repairs & maintenance: −$2,479
• − Management: −$2,479
• − Depreciation: −$9,455
• Taxable loss: −$5,395
• Est. tax savings @ 24.0%: +$1,295
• After-tax cash flow: $1,558/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: Lake
• NCES district ID: 1201050
• Math proficiency: 49% ▼ -7.00%
• Reading proficiency: 50% ▼ -4.00%
• Median HH income: $46,632
• Composite: 42.05/100
• National rank: #3327
• State rank: #37 of 73 in FL

Livability — Leesburg

• Score: 62/100
• State rank: #751
• US rank: #16429

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Lake County · 364,602 people
• City population: 21,867
• Metro: Orlando-Kissimmee-Sanford, FL
• Population (ZIP): 22,137
• Household income: $54,147
• Rent vs Own: 16.2% rent · 83.8% own
• Severe rent burden: 406.0

Population outlook (Lake County) Hauer SSP2

• Today (2025): 386,640 people
• By 2030: 417,107 · +7.9%
• By 2040: 476,676 · +23.3%
• By 2050: 531,296 · +37.4%
• By 2075: 648,303 · +67.7%
• By 2100: 698,530 · +80.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (79%)
• Race & ethnicity: White 79% Hispanic / Latino 12% Two or more races 7% Black 5% Asian 1%
• Hispanic origin (detail): Mexican 3% Puerto Rican 6%
• Common ancestry: Romanian 4% Lithuanian 3% Slovak 2%
• Foreign-born: 5% · Canada, South Korea
• Languages at home: 88% English-only · Spanish 9% German/W. Germanic 1% Tagalog/Filipino 1%

Political lean MEDSL · Lake

• 2024 margin: Strong R (+24.7) · D 37.3% · R 62.0%
• 2008→2024 swing: -11.2pp toward R · 2008: -13.5pp · 2024: -24.7pp
• All cycles: 2024: R+24.7 2020: R+20.0 2016: R+23.1 2012: R+17.1 2008: R+13.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -61.07%
• Current HPI: 273.6616
• Rent YoY: —
• 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

+30.5% since first listed

8 events — show timeline

• 2026-05-19 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-03-16 Price Changed $325,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-02 Listed $335,000 Stellar MLS as Distributed by MLS Grid
• 2021-04-28 Sold (MLS) $215,000 Stellar MLS as Distributed by MLS Grid
• 2021-04-01 Pending — Stellar MLS as Distributed by MLS Grid
• 2021-03-15 Pending — Stellar MLS as Distributed by MLS Grid
• 2021-01-29 Price Changed $235,000 Stellar MLS as Distributed by MLS Grid
• 2021-01-12 Listed $249,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+2.9%/yr

Latest (2025): $2,139 · +2.8% YoY. Source: county tax records.