13335 SW 15th Street Rd · Rainbow Park, FL 34481

$180,000

4 bd · 2.0 ba · 1,674 sqft · Manufactured public records · 23 Days on market

Built 1995 Poor condition

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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 +26.5/30.0
• DSCR +9.0/10.0
• ARV discount +7.5/15.0
• 1% rule +6.4/10.0
• Schools +3.6/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +1.0/5.0
• Appreciation +0.0/10.0

Listing remarks

Handyman Special! Double-wide mobile home just off Hwy 40 and a 10-minute drive to the World Equestrian Center. Home sits on two cleared lots within a nicely wooded community. Current owner rented out the home and began demolition, significant repairs are necessary. Home sold & Atilde; & cent; as-is. & Atilde; & cent;

Key facts

• Two cleared lots
• Built 1995
• Listed 23 days

Tags

• DOUBLE-WIDE MOBILE HOME
• TWO CLEARED LOTS
• NICELY WOODED COMMUNITY

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath manufactured listed at $180k. Condition is rated poor.

Deal economics

• At list price, monthly cash flow is $474 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $180k).
• Recommended offer: $177k (1.5% below list) — sets the bar for market timing.
• Cap rate 9.5% vs local median 5.4% in Rainbow Park — 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: area grade C — affects rentability + tenant quality, not the cash-flow math above.
• 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: 1151 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 7,071 units permitted in Marion County in 2024 (534 in 5+ unit buildings).
• This rent runs 43% of the median local income ($57k/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 $1k of loan paydown is wiped out by about $5k 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 + 3.0% rent growth), your $50k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 23 days — a 2% lower offer ($177k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 18y 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 $25k; list at $180k implies a 620% 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 $177,300 (1.5% below list)

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.14% ✓
• Cap rate: 9.45%
• Cash-on-cash: 11.29%
• DSCR: 1.50
• GRM: 7.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 0.5%
• Equity multiple: 1.02×
• Total profit: $1,007
• Equity at exit: $26,839

10-year hold

• IRR: 10.2%
• Equity multiple: 1.79×
• Total profit: $39,661
• Equity at exit: $15,563

Cash invested: $50,400 (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 34481

• Home prices YoY: -25.2%
• Active inventory: 1151
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $2,058 medium
• Mortgage (P&I): −$944
• Tax from tax record: −$133 /mo · $1,596/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$432
• Net cashflow: $474

Break-even live

Break-even rent $1,458

Max offer price $180,000

Occupancy floor 72%

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: $45,000
• Closing costs: $5,400
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
14070 SW 17th Pl Ocala, FL	3.0	2.0	1388	$1,500	$1.08	21d	1	0.80mi
14665 SW 22nd Pl Ocala, FL	3.0	2.0	1226	$1,900	$1.55	13d	1	1.44mi

Listing history 30 events

1. 2026-06-18
   days on market $180,000 Active 23 DOM
2. 2026-06-17
   days on market $180,000 Active 22 DOM
3. 2026-06-16
   days on market $180,000 Active 21 DOM
4. 2026-06-15
   days on market $180,000 Active 20 DOM
5. 2026-06-14
   days on market $180,000 Active 18 DOM
6. 2026-06-13
   days on market $180,000 Active 17 DOM
7. 2026-06-10
   days on market $180,000 Active 15 DOM
8. 2026-06-09
   days on market $180,000 Active 14 DOM
9. 2026-06-08
   days on market $180,000 Active 13 DOM
10. 2026-06-07
    days on market $180,000 Active 12 DOM
11. 2026-06-03
    days on market $180,000 Active 8 DOM
12. 2026-06-02
    days on market $180,000 Active 7 DOM
13. 2026-05-31
    days on market $180,000 Active 5 DOM
14. 2026-05-30
    days on market $180,000 Active 4 DOM
15. 2026-05-26
    listed $180,000 Active
16. 2022-04-08
    status Pending
17. 2022-01-21
    price $87,500
18. 2022-01-07
    listed $103,500 Active
19. 2021-06-04
    historical
20. 2021-06-01
    listed $85,000 Active
21. 2021-06-01
    historical
22. 2021-03-19
    listed $85,000 Active
23. 2017-06-28
    historical
24. 2016-07-04
    listed $62,000
25. 2010-12-30
    soldstatus $25,000
26. 2010-11-10
    listed $25,000
27. 2009-04-23
    historical
28. 2008-10-23
    listed $54,000
29. 2008-10-17
    historical
30. 2008-04-29
    listed $70,000

ⓘ 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: $1,596 · $133/mo
• Projected year-2 tax: $1,596 · $133/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 ≥107°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 · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,700
• − Mortgage interest: −$10,083
• − Property taxes: −$1,596
• − Insurance: −$900
• − Repairs & maintenance: −$1,976
• − Management: −$1,976
• − Depreciation: −$5,236
• Taxable income: $2,933
• Est. tax owed @ 24.0%: −$704
• After-tax cash flow: $4,986/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 · 1 photo

Poor 20/100 Extensive rehab

This double-wide mobile home requires extensive repairs and updates to bring it up to a livable condition. Significant work is needed on the interior, exterior, and landscaping to improve its value.

Repairs flagged

• Major interior walls — Walls appear bare with no visible paint
• Major exterior/siding — No exterior/siding visible
• Major windows — No windows visible
• Major HVAC/mechanicals — No HVAC/mechanicals visible
• Major landscaping — No landscaping/curb appeal visible

Value-add opportunities

• Both Paint interior walls — Fresh paint can improve the home's appearance and value
• Both Install exterior siding — New siding can enhance curb appeal and increase value
• Both Replace windows — New windows can improve energy efficiency and increase value
• Both Install HVAC system — A new HVAC system can improve comfort and increase value
• Both Landscaping and curb appeal — A well-maintained yard can increase curb appeal and value

Renovation cost estimate screening

Repair item	Severity	Est. cost
interior walls · Walls appear bare with no visible paint	Major	$15,000–50,000
exterior/siding · No exterior/siding visible	Major	$15,000–50,000
windows · No windows visible	Major	$15,000–50,000
HVAC/mechanicals · No HVAC/mechanicals visible	Major	$15,000–50,000
landscaping · No landscaping/curb appeal visible	Major	$15,000–50,000
Total estimated repair cost · 5 items		$75,000–250,000

Value-add ROI direction

• Both Paint interior walls — Fresh paint can improve the home's appearance and value ↑
• Both Install exterior siding — New siding can enhance curb appeal and increase value ↑
• Both Replace windows — New windows can improve energy efficiency and increase value ↑
• Both Install HVAC system — A new HVAC system can improve comfort and increase value ↑
• Both Landscaping and curb appeal — A well-maintained yard can increase curb appeal and 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: 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 — Rainbow Park

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

Census & demographics

• Census place: Rainbow Park, FL
• County: Marion County · 315,796 people
• Metro: Ocala, FL
• Population (ZIP): 26,782
• Household income: $57,324
• Rent vs Own: 9.8% rent · 90.2% own
• Severe rent burden: 313.0

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 (80%)
• Race & ethnicity: White 80% Hispanic / Latino 11% Black 7% Two or more races 5%
• Hispanic origin (detail): Mexican 4% Puerto Rican 4% Cuban 1%
• Common ancestry: Romanian 7% Lithuanian 3% Slovak 2%
• Foreign-born: 8% · Canada, Jamaica
• Languages at home: 88% English-only · Spanish 9% French/Haitian/Cajun 1% German/W. Germanic 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: ▼ -67.48%
• Current HPI: 199.986
• Rent YoY: —
• 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

+157.1% since first listed

16 events — show timeline

• 2026-05-26 Listed $180,000 FSBO.com
• 2022-04-08 Pending — Stellar MLS as Distributed by MLS Grid
• 2022-01-21 Price Changed $87,500 Stellar MLS as Distributed by MLS Grid
• 2022-01-07 Listed $103,500 Stellar MLS as Distributed by MLS Grid
• 2021-06-04 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2021-06-01 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2021-06-01 Listed $85,000 Stellar MLS as Distributed by MLS Grid
• 2021-03-19 Listed $85,000 Stellar MLS as Distributed by MLS Grid
• 2017-06-28 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2016-07-04 Listed $62,000 Stellar MLS as Distributed by MLS Grid
• 2010-12-30 Sold (MLS) $25,000 Stellar MLS as Distributed by MLS Grid
• 2010-11-10 Listed $25,000 Stellar MLS as Distributed by MLS Grid
• 2009-04-23 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2008-10-23 Listed $54,000 Stellar MLS as Distributed by MLS Grid
• 2008-10-17 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2008-04-29 Listed $70,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+5.9%/yr

Latest (2025): $1,596 · -10.2% YoY. Source: county tax records.