3302 Evergreen Rd #1715 · Zellwood, FL 32798

$150,000

2 bd · 2.0 ba · 1,608 sqft · Manufactured public records · 126 Days on market

Built 1981 7,757 sqft lot Est $195k · 23% under $248/mo HOA · 19% of rent

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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).

• ARV discount +15.0/15.0
• Cash flow +9.2/30.0
• Appreciation +6.3/10.0
• Schools +4.1/10.0
• Livability +3.8/5.0
• 1% rule +3.7/10.0
• DSCR +2.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

Under contract-accepting backup offers. One or more photo(s) has been virtually staged. IMPROVED PRICE MAKES THIS HOME EVEN MORE AFFORDABLE. Located in Zellwood Station, close to Orlando and The Villages? This well-maintained 2-bedroom, 2-bath home sits on a large corner lot in the desirable golfing community of Zellwood Station, an active 55+ community spanning over 800 acres of beautifully maintained grounds. The home features a split floor plan, indoor laundry with storage, and a two-car carport. Enjoy Florida living year-round in the enclosed Florida room and covered side patio, perfect for relaxing or entertaining. The spacious outdoor area offers plenty of room for gardening, gatherin

Key facts

• Large corner lot
• Covered side patio
• 7,757 sq ft lot

Tags

• LARGE CORNER LOT
• ENCLOSED FLORIDA ROOM
• COVERED SIDE PATIO
• SPACIOUS OUTDOOR AREA
• IMPRESSIVE LIST OF AMENITIES

Property features AI

Finance

• Other: Irrigation equipment installed; Water access to Zellwood Station Lake with a fishing pier
• Financial info: Total annual fees: $2,976; Lease restrictions apply
• HOA & community: Has HOA; monthly fee of $248; Association approval required; Association includes 24-hour guard, cable TV, pool, clubhouse, fitness center, tennis courts, golf, maintenance (structure & grounds), private road, sewer, and trash; Senior community; Pets allowed with breed restrictions; Buyer approval required; Deed restrictions; Community mailbox; Golf carts allowed; Wheelchair access

Exterior

• Parking: Carport with 2 spaces
• Security: Gated community; Smoke detector(s)
• Utilities: Public water; Public sewer; Cable available and connected; Broadband/high-speed internet available; Electricity connected; Water connected; Sewer connected
• Home design: Manufactured double-wide home; One level; East-facing; Stilt/on piling foundation; Completed condition
• Construction: Metal siding; Metal roof
• Exterior features: Enclosed patio/porch; Exterior lighting; Rain gutters; Sliding doors; Mature landscaping with trees; Corner lot; Landscaped lot; Near golf course; Paved surfaces

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Range; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Carpet
• Bathrooms: 2 full bathrooms
• Heating & cooling: Heat pump; Central air
• Interior features: Built-in features; Ceiling fans; Open floorplan; Living room/dining room combo; Split bedroom layout; Thermostat; Window treatments; Blinds
• Laundry & utility: Washer hookup; Electric dryer hookup; Dedicated laundry room

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $150k.

Deal economics

• At list price, monthly cash flow is $-111 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $130k (13.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $131k (12.8% below list).
• Recommended offer: $130k (13.1% below list) — sets the bar for cash-flow.

Location & tenants

• Location reads 75/100 on livability (#248 in FL, #3,918 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute D-, health & safety D-.
• Orange (suburban): math 46% / reading 51% proficiency, ranked #43 of 73 in FL (top 59%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Zellwood Elementary (math 38% / reading 40%, grade F, #1,560 of 2,144 statewide, top 73%, 493 students, 55% FRL); Wolf Lake Middle (math 57% / reading 52%, grade B-, #183 of 571 statewide, top 34%, 1,194 students, 45% FRL); Apopka High (math 19% / reading 47%, grade F, #406 of 667 statewide, top 61%, 3,507 students, 42% FRL).
• Market conditions: 104 active listings in the ZIP; 8,053 units permitted in Orange County in 2024 (3,133 in 5+ unit buildings).

Forward outlook

• In year one you build about $5k of equity ($1k loan paydown + $4k appreciation (2.5% local appreciation)).
• Orange County population projected at +52% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 7, paydown + projected appreciation supports a ~$30k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 126 days — a 12% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y ago; this cycle's ask has dropped $29k (16%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $83k; list at $150k implies a 81% 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; moderate wildfire risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $130,352 (13.1% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 126 days. Have you received any prior offers? Is the seller open to a 13% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
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: 0.87% ✗
• Cap rate: 5.40%
• Cash-on-cash: -3.18%
• DSCR: 0.86
• GRM: 9.6

CMA / ARV

• ARV (on-the-fly): $194,568
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3500 Blossom Cir #1497	0.27mi	2/2.0	1,656 (+3%)	2mo	$112,500	$68	81
3644 Parway Rd #1149	0.48mi	2/2.0	1,538 (-4%)	1mo	$235,000	$153	69
3749 Cohen Dr #720	0.48mi	2/2.0	1,602 (-0%)	13mo	$147,000	$92	66
3955 Cohen Dr #737	0.68mi	2/2.0	1,771 (+10%)	4mo	$215,000	$121	48

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

2.5% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 3.1%
• Equity multiple: 1.17×
• Total profit: $7,160
• Equity at exit: $63,286

10-year hold

• IRR: 6.7%
• Equity multiple: 1.96×
• Total profit: $40,522
• Equity at exit: $94,411

Cash invested: $42,000 (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 32798

• Home prices YoY: 1.0%
• Active inventory: 104
• Price-to-rent: 9.6×

Monthly cashflow live

• Estimated rent: $1,307 medium
• Mortgage (P&I): −$787
• Tax from tax record: −$47 /mo · $562/yr
• Insurance: −$62
• HOA: −$248
• Vacancy / Maint / Mgmt: −$275
• Net cashflow: $-111

Break-even live

Break-even rent $1,448

Max offer price $130,352

Occupancy floor —

Sensitivity live

Price	-10% $-26	-5% $-69	+0% $-111	+5% $-154	+10% $-196
Rent	-10% $-215	-5% $-163	+0% $-111	+5% $-60	+10% $-8
Rate	-1.0pp $-36	-0.5pp $-73	base $-111	+0.5pp $-150	+1.0pp $-190

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $248 · $2,976/yr
• Likely covers: landscaping

Listing history 19 events

1. 2026-06-07
   statusdays on market $150,000 Pending 126 DOM
2. 2026-06-04
   days on market $150,000 Active 125 DOM
3. 2026-06-03
   days on market $150,000 Active 124 DOM
4. 2026-06-02
   days on market $150,000 Active 123 DOM
5. 2026-06-02
   days on market $150,000 Active 122 DOM
6. 2026-05-31
   days on market $150,000 Active 121 DOM
7. 2026-05-19
   price $150,000
8. 2026-03-28
   price $160,000
9. 2026-03-02
   price $168,000
10. 2026-01-30
    listed $179,000 Active
11. 2025-12-28
    historical
12. 2025-12-17
    status Active
13. 2025-11-28
    historical
14. 2025-08-12
    price $155,000
15. 2024-08-16
    price $185,000
16. 2024-08-16
    listed $18,500 Active
17. 2017-04-12
    soldstatus $82,900
18. 2005-07-13
    soldstatus $85,000
19. 1986-10-01
    soldstatus $67,000

ⓘ 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: $562 · $47/mo
• Projected year-2 tax: $1,245 · $104/mo
• Expected delta: +$683/yr (+$57/mo · 121.4%)

ⓘ 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 5/10 Major
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°F today · 20 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,687
• − Mortgage interest: −$8,402
• − Property taxes: −$562
• − Insurance: −$750
• − Repairs & maintenance: −$1,255
• − Management: −$1,255
• − HOA: −$2,976
• − Depreciation: −$4,364
• Taxable loss: −$3,877
• Est. tax savings @ 24.0%: +$930
• After-tax cash flow: $-404/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: Orange
• NCES district ID: 1201440
• Math proficiency: 46% ▼ -9.00%
• Reading proficiency: 51% ▼ -2.00%
• Median HH income: $49,350
• Composite: 41.47/100
• National rank: #3461
• State rank: #43 of 73 in FL

Livability — Zellwood

• Score: 75/100
• State rank: #248
• US rank: #3918

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Zellwood, FL
• City population: 2,159
• Population (ZIP): 2,159

Population outlook (Orange County) Hauer SSP2

• Today (2025): 1,618,226 people
• By 2030: 1,787,404 · +10.5%
• By 2040: 2,125,621 · +31.4%
• By 2050: 2,454,016 · +51.6%
• By 2075: 3,173,711 · +96.1%
• By 2100: 3,607,781 · +122.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (86%)
• Race & ethnicity: White 86% Hispanic / Latino 10% Two or more races 8%
• Hispanic origin (detail): Puerto Rican 10%
• Common ancestry: Iranian 5% Lithuanian 5% Romanian 2%
• Foreign-born: 5%
• Languages at home: 89% English-only · Spanish 9% German/W. Germanic 3%

Political lean MEDSL · Orange

• 2024 margin: D (+13.6) · D 56.1% · R 42.5% · Other 1.3%
• 2008→2024 swing: -5.0pp toward R · 2008: 18.6pp · 2024: 13.6pp
• All cycles: 2024: D+13.6 2020: D+23.1 2016: D+24.6 2012: D+18.2 2008: D+18.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 2.50%
• Current HPI: 254.7681
• Rent YoY: —
• Metro: —
• 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

+123.9% since first listed

13 events — show timeline

• 2026-05-19 Price Changed $150,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-28 Price Changed $160,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-02 Price Changed $168,000 Stellar MLS as Distributed by MLS Grid
• 2026-01-30 Listed $179,000 Stellar MLS as Distributed by MLS Grid
• 2025-12-28 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-12-17 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-11-28 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-08-12 Price Changed $155,000 Stellar MLS as Distributed by MLS Grid
• 2024-08-16 Price Changed $185,000 Stellar MLS as Distributed by MLS Grid
• 2024-08-16 Listed $18,500 Stellar MLS as Distributed by MLS Grid
• 2017-04-12 Sold (Public Records) $82,900 Public Records
• 2005-07-13 Sold (Public Records) $85,000 Public Records
• 1986-10-01 Sold (Public Records) $67,000 Public Records

Property tax history

-4.7%/yr

Latest (2025): $562 · +2.3% YoY. Source: county tax records.