11355 NW 12th Ln · Ocala Estates, FL 34482

$164,900

2 bd · 2.0 ba · 746 sqft · Land · 35 Days on market

Built 2024 10,454 sqft lot $221/sqft · 77% above area

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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 +18.2/30.0
• ARV discount +7.5/15.0
• DSCR +5.7/10.0
• Rent growth +5.0/5.0
• 1% rule +4.9/10.0
• Schools +3.6/10.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

MOVE-IN READY NEW CONSTRUCTION! FHA, VA and USDA ELIGIBLE! READY FOR IMMEDIATE OCCUPANCY!! NO LOT RENT!! NO HOA. NO DEED RESTRICTIONS. YOU OWN THE HOME AND LAND. New Construction 2 bed 2 bath manufactured home with a 14' x 56' carport and shed for additional storage or a workshop. 7 YR Warranty through April 2033 Included! Home Warranty gives you peace of mind as it covers the structure, plumbing, electric, HVAC and appliances. Beautifully designed home in a quiet neighborhood with both manufactured and site built homes located in the heart of NW Ocala horse country located only MINUTES FROM THE WORLD EQUESTRIAN CENTER AND HITS. Open floor plan. Vinyl flooring throughout. Kitchen features a

Key facts

• 7 yr warranty
• Open floor plan
• New construction

Tags

• NEW CONSTRUCTION
• MOVE IN READY
• CARPORT AND SHED
• 7 YR WARRANTY
• QUIET NEIGHBORHOOD
• OPEN FLOOR PLAN

Property features AI

Finance

• Other: Lot approximately 0.24 acre (75 x 140); Zoning: R4; Permit number: 2024064322
• HOA & community: No association / HOA

Exterior

• Parking: Covered parking; Driveway; Carport with 2 spaces; Garage space with 14x56 dimensions
• Security: Smoke detector(s)
• Utilities: Private well water; Septic system (aerobic septic / septic tank); Electricity connected; Water connected; Broadband/High-Speed internet available; Cable available; Fiber optics available; Phone available; Underground utilities; Public utility access
• Home design: Manufactured single-wide home; One level; South-facing entry; Completed condition; Model: Kline (Champion)
• Construction: Vinyl siding with frame construction; Shingle roof; Pillar/post/pier foundation; New construction
• Exterior features: Covered patio/porch; Exterior lighting; Rain gutters; Sidewalk; Shed(s) / storage / workshop; Cleared, level, private lot; Paved driveway and roads; Unincorporated area

Interior

• Kitchen: Dishwasher; Range; Range hood; Refrigerator; Ice maker; Exhaust fan; Electric water heater
• Bedrooms: 2 bedrooms
• Flooring: Vinyl flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Eat-in kitchen; Living room/dining room combo; Open floorplan; Split bedroom layout; Programmable thermostat; Double pane windows; Inside utility room; Smoke detector(s)
• Laundry & utility: Inside laundry room with washer and electric dryer hookups

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath land listed at $165k.

Deal economics

• At list price, monthly cash flow is $147 ($2k/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 $163k (1.3% below list).
• Recommended offer: $160k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads: area grade D — 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: Rents rising fast (+11.1%/yr); 663 active listings in the ZIP; 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 $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 + 8.0% rent growth), your $46k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 35 days — a 3% lower offer ($160k) is reasonable based on typical stale-listing flexibility.

Recommended offer $159,953 (3.0% below list)

Questions for the listing agent

1. It's been on market 35 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 0.99% ✗
• Cap rate: 7.36%
• Cash-on-cash: 3.81%
• DSCR: 1.17
• GRM: 8.4

CMA / ARV

• ARV (median comp): $93,158
• List price: $164,900
• Delta: 77.01%
• Verdict: OVERPRICED
• Comps: 1 within 2.0 mi

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -4.8%
• Equity multiple: 0.81×
• Total profit: $-8,756
• Equity at exit: $24,587

10-year hold

• IRR: 9.9%
• Equity multiple: 1.95×
• Total profit: $43,657
• Equity at exit: $14,258

Cash invested: $46,172 (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 34482

• Rents YoY: 11.1%
• Active inventory: 663
• Price-to-rent: 8.4×

Monthly cashflow live

• Estimated rent: $1,628 medium
• Mortgage (P&I): −$865
• Tax est. 1.5%: −$206 /mo · $2,474/yr
• Insurance: −$69
• HOA: −$0
• Vacancy / Maint / Mgmt: −$342
• Net cashflow: $147

Break-even live

Break-even rent $1,443

Max offer price $164,900

Occupancy floor 86%

Sensitivity live

Price	-10% $261	-5% $204	+0% $147	+5% $90	+10% $33
Rent	-10% $18	-5% $82	+0% $147	+5% $211	+10% $275
Rate	-1.0pp $230	-0.5pp $189	base $147	+0.5pp $104	+1.0pp $60

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: $41,225
• Closing costs: $4,947
• Reserves months: —
• Total cash needed: —

Listing history 16 events

1. 2026-06-18
   days on market $164,900 Active 35 DOM
2. 2026-06-17
   days on market $164,900 Active 34 DOM
3. 2026-06-16
   days on market $164,900 Active 33 DOM
4. 2026-06-15
   days on market $164,900 Active 32 DOM
5. 2026-06-14
   days on market $164,900 Active 30 DOM
6. 2026-06-13
   days on market $164,900 Active 29 DOM
7. 2026-06-10
   days on market $164,900 Active 27 DOM
8. 2026-06-09
   days on market $164,900 Active 26 DOM
9. 2026-06-08
   days on market $164,900 Active 25 DOM
10. 2026-06-07
    days on market $164,900 Active 24 DOM
11. 2026-06-03
    days on market $164,900 Active 20 DOM
12. 2026-06-02
    days on market $164,900 Active 19 DOM
13. 2026-06-01
    days on market $164,900 Active 18 DOM
14. 2026-05-31
    days on market $164,900 Active 17 DOM
15. 2026-05-30
    days on market $164,900 Active 16 DOM
16. 2026-05-14
    listed $165,000 Active 1034-char remark

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $19,537
• − Mortgage interest: −$9,237
• − Property taxes: −$2,474
• − Insurance: −$824
• − Repairs & maintenance: −$1,563
• − Management: −$1,563
• − Depreciation: −$4,797
• Taxable loss: −$921
• Est. tax savings @ 24.0%: +$221
• After-tax cash flow: $1,980/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 Estates

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

Census & demographics

• Census place: Ocala Estates, FL
• County: Marion County · 315,796 people
• City population: 263,375
• Metro: Ocala, FL
• Population (ZIP): 22,807
• Household income: $65,901
• Rent vs Own: 16.7% rent · 83.3% own
• Severe rent burden: 282.0

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: Majority White (63%)
• Race & ethnicity: White 63% Hispanic / Latino 19% Black 14% Two or more races 12%
• Hispanic origin (detail): Mexican 6% Puerto Rican 9% Cuban 2%
• Common ancestry: Lithuanian 2% Romanian 2% Slovak 2%
• Foreign-born: 10% · Canada
• Languages at home: 81% English-only · Spanish 16% Other Indo-European 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: ▼ -133.62%
• Current HPI: 194.3857
• Rent YoY: ▲ 11.12%
• 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

-0.1% since first listed

2 events — show timeline

• 2026-05-27 Price Changed $164,900 Stellar MLS as Distributed by MLS Grid
• 2026-05-14 Listed $165,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+38.7%/yr

Latest (2025): $292 · +38.7% YoY. Source: county tax records.