10441 NW Azalea St · Bristol, FL 32321

$129,900

3 bd · 2.0 ba · 1,728 sqft · Manufactured public records · 141 Days on market

Built 2024 0.35 ac lot ↓ 19% since listing

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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 +19.1/30.0
• ARV discount +7.5/15.0
• Appreciation +7.2/10.0
• DSCR +6.0/10.0
• 1% rule +4.6/10.0
• Schools +4.6/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

Located in Bristol, Florida, this spacious 5-bedroom, 3-bath manufactured home sits on approximately 1/3 of an acre and offers a functional layout with plenty of room for comfortable living. Designed with a split floor plan and open-concept layout, the home provides both privacy and flexibility for a variety of lifestyles. The main living area flows seamlessly between the living room, dining space, and kitchen, creating an inviting setting for everyday living and entertaining. The primary suite is well-appointed with a large walk-in closet and a private bathroom featuring a double vanity and a large walk-in shower. Additional bedrooms are well sized, making them ideal for family, guests, or

Key facts

• Double vanity
• Split floor plan
• Large walk-in closet

Tags

• SPLIT FLOOR PLAN
• OPEN-CONCEPT LAYOUT
• LARGE WALK-IN CLOSET
• PRIVATE BATHROOM
• DOUBLE VANITY
• LARGE WALK-IN SHOWER

Property features AI

Exterior

• Parking: Unpaved parking
• Utilities: Electricity available; Public sewer
• Home design: Double wide mobile home; Zoned for mobile home or single-family residential; Single-story (rooms listed on first floor)
• Construction: Vinyl siding; Shingle roof; Pillar/post/pier foundation
• Exterior features: Paved lot; Shed(s) on the property

Interior

• Kitchen: Electric range
• Bedrooms: Multiple bedrooms on the first floor (several rooms listed as bedrooms)
• Bathrooms: 3 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: 12 total rooms; Laundry on the first floor; Living room; Dining room; Primary bedroom with primary bathroom
• Laundry & utility: Electric water heater; First-floor laundry

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $130k.

Deal economics

• At list price, monthly cash flow is $138 ($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 $124k (4.3% below list).
• Recommended offer: $114k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 68/100 on livability (#531 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing B; Watch: amenities F, employment F, health & safety F.
• Liberty (rural): math 55% / reading 56% proficiency, ranked #21 of 73 in FL (top 29%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 31 active listings in the ZIP; 11 units permitted in Liberty County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $7k of equity ($898 loan paydown + $6k appreciation (4.4% local appreciation)).
• At projected returns (4.4% appreciation + 3.0% rent growth), your $36k cash investment doubles in ~4 years — after that, you're playing with house money.
• By year 6, paydown + projected appreciation supports a ~$35k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 141 days — a 12% lower offer ($114k) is reasonable based on typical stale-listing flexibility.

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 $114,312 (12.0% below list)

Questions for the listing agent

1. It's been on market 141 days. Have you received any prior offers? Is the seller open to a 12% 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. 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: 0.96% ✗
• Cap rate: 7.57%
• Cash-on-cash: 4.55%
• DSCR: 1.20
• GRM: 8.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

4.37% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 15.2%
• Equity multiple: 1.94×
• Total profit: $34,048
• Equity at exit: $68,661

10-year hold

• IRR: 16.1%
• Equity multiple: 3.69×
• Total profit: $97,706
• Equity at exit: $114,595

Cash invested: $36,372 (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 32321

• Home prices YoY: 2.0%
• Active inventory: 31
• Price-to-rent: 8.7×

Monthly cashflow live

• Estimated rent: $1,244 medium
• Mortgage (P&I): −$681
• Tax from tax record: −$109 /mo · $1,313/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$261
• Net cashflow: $138

Break-even live

Break-even rent $1,069

Max offer price $129,900

Occupancy floor 84%

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: $32,475
• Closing costs: $3,897
• Reserves months: —
• Total cash needed: —

Listing history 4 events

1. 2026-05-22
   price $129,900
2. 2026-03-19
   price $139,900
3. 2026-03-13
   price $149,900
4. 2026-01-07
   listed $159,900 Active

ⓘ 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: $1,313 · $109/mo
• Projected year-2 tax: $1,313 · $109/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 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 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,925
• − Mortgage interest: −$7,276
• − Property taxes: −$1,313
• − Insurance: −$650
• − Repairs & maintenance: −$1,194
• − Management: −$1,194
• − Depreciation: −$3,779
• Taxable loss: −$481
• Est. tax savings @ 24.0%: +$115
• After-tax cash flow: $1,769/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: Liberty
• NCES district ID: 1201170
• Math proficiency: 55% ▼ -2.00%
• Reading proficiency: 56% ▼ -6.00%
• Median HH income: $38,647
• Composite: 46.26/100
• National rank: #2482
• State rank: #21 of 73 in FL

Livability — Bristol

• Score: 68/100
• State rank: #531
• US rank: #9970

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bristol, FL
• Population (ZIP): 5,792

Population outlook (Liberty County) Hauer SSP2

• Today (2025): 8,331 people
• By 2030: 8,335 · +0.0%
• By 2040: 8,300 · -0.4%
• By 2050: 8,259 · -0.9%
• By 2075: 7,624 · -8.5%
• By 2100: 6,041 · -27.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (72%)
• Race & ethnicity: White 72% Black 16% Hispanic / Latino 8% Two or more races 6%
• Hispanic origin (detail): Mexican 3% Puerto Rican 1%
• Common ancestry: Slovak 2% Lithuanian 2% Italian 1%
• Foreign-born: 4% · Canada
• Languages at home: 90% English-only · Spanish 8% German/W. Germanic 1%

Political lean MEDSL · Liberty

• 2024 margin: Solid R (+66.8) · D 16.2% · R 83.0%
• 2008→2024 swing: -22.8pp toward R · 2008: -44.0pp · 2024: -66.8pp
• All cycles: 2024: R+66.8 2020: R+60.4 2016: R+57.4 2012: R+41.4 2008: R+44.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 4.37%
• Current HPI: 217.9807
• 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

-18.8% since first listed

4 events — show timeline

• 2026-05-22 Price Changed $129,900 CPARMLS
• 2026-03-19 Price Changed $139,900 CPARMLS
• 2026-03-13 Price Changed $149,900 CPARMLS
• 2026-01-07 Listed $159,900 CPARMLS

Property tax history

+90.8%/yr

Latest (2025): $1,313 · +516.3% YoY. Source: county tax records.