15605 NE 236th St · Interlachen, FL 32134

$89,000

1 bd · 2.0 ba · 600 sqft · SingleFamily public records · 42 Days on market

Built 1999 0.43 ac lot $148/sqft · 56% above area

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Why this score? — see what drove the B- 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 +29.2/30.0
• DSCR +10.0/10.0
• 1% rule +8.2/10.0
• ARV discount +7.5/15.0
• Schools +3.6/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Under contract-accepting backup offers. Escape to your own private retreat in the peaceful Hog Valley area—an outdoorsman’s dream surrounded by miles of untouched forest and just moments from the Ocklawaha River and Rodman Reservoir. Whether you love fishing, hunting, camping, or exploring ATV trails, this location offers endless adventure right outside your door. Situated on nearly half an acre, this fully fenced and gated property provides both privacy and space to enjoy the natural surroundings. A charming front porch welcomes you in—perfect for morning coffee or unwinding after a day outdoors. Inside, the home has been thoughtfully updated and is completely move-in ready. Enjoy fresh interior and exterior paint, new flooring, and an updated kitchen designed for both functionality and style. Modern LED light fixtures brighten every room, while added insulation enhances energy efficiency year-round. This property is being offered furnished, making it an ideal turnkey primary residence, weekend getaway, or income-producing rental. Major upgrades provide peace of mind, including a new water heater in 2025, metal roof that's been re-sealed in late 2025, and a new well installed in 2022 with durable block housing. Outside, a large storage shed with electricity offers plenty of room for tools, equipment, or recreational gear. If you’re looking for a quiet lifestyle surrounded by nature without sacrificing modern comforts, this gem delivers the perfect balance of seclusion, convenience, and adventure.

Key facts

• Gated property
• Fully fenced
• Front porch

Tags

• HOG VALLEY AREA
• OCKLAWAHA RIVER
• RODMAN RESERVOIR
• FULLY FENCED
• GATED PROPERTY
• FRONT PORCH

What this means for you Summary

Snapshot

• This is a 1-bed/2.0-bath single-family listed at $89k.

Deal economics

• At list price, monthly cash flow is $309 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $89k).
• Recommended offer: $86k (3.0% below list) — sets the bar for market timing.
• Cap rate 10.5% vs local median 5.6% in Interlachen — 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 67/100 on livability (#540 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: schools D-, amenities F, commute F.
• 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: 299 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 $615 of loan paydown is wiped out by about $3k 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 $25k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 42 days — a 3% lower offer ($86k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 4y ago; this cycle's ask has dropped $6k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $58k; list at $89k implies a 53% 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→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $86,330 (3.0% below list)

Questions for the listing agent

1. It's been on market 42 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. 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?
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: 1.32% ✓
• Cap rate: 10.46%
• Cash-on-cash: 14.87%
• DSCR: 1.66
• GRM: 6.3

CMA / ARV

• ARV (median comp): $56,989
• List price: $89,000
• Delta: 56.17%
• Verdict: OVERPRICED
• Comps: 2 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 5.4%
• Equity multiple: 1.21×
• Total profit: $5,268
• Equity at exit: $13,270

10-year hold

• IRR: 14.9%
• Equity multiple: 2.20×
• Total profit: $29,999
• Equity at exit: $7,695

Cash invested: $24,920 (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 32134

• Home prices YoY: -24.4%
• Active inventory: 299
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $1,177 medium
• Mortgage (P&I): −$467
• Tax from tax record: −$117 /mo · $1,403/yr
• Insurance: −$37
• HOA: −$0
• Vacancy / Maint / Mgmt: −$247
• Net cashflow: $309

Break-even live

Break-even rent $786

Max offer price $89,000

Occupancy floor 69%

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: $22,250
• Closing costs: $2,670
• Reserves months: —
• Total cash needed: —

Listing history 13 events

1. 2026-05-16
   status Pending 1546-char remark

   Show marketing remark (1546 chars)

   Under contract-accepting backup offers. Escape to your own private retreat in the peaceful Hog Valley area—an outdoorsman’s dream surrounded by miles of untouched forest and just moments from the Ocklawaha River and Rodman Reservoir. Whether you love fishing, hunting, camping, or exploring ATV trails, this location offers endless adventure right outside your door. Situated on nearly half an acre, this fully fenced and gated property provides both privacy and space to enjoy the natural surroundings. A charming front porch welcomes you in—perfect for morning coffee or unwinding after a day outdoors. Inside, the home has been thoughtfully updated and is completely move-in ready. Enjoy fresh interior and exterior paint, new flooring, and an updated kitchen designed for both functionality and style. Modern LED light fixtures brighten every room, while added insulation enhances energy efficiency year-round. This property is being offered furnished, making it an ideal turnkey primary residence, weekend getaway, or income-producing rental. Major upgrades provide peace of mind, including a new water heater in 2025, metal roof that's been re-sealed in late 2025, and a new well installed in 2022 with durable block housing. Outside, a large storage shed with electricity offers plenty of room for tools, equipment, or recreational gear. If you’re looking for a quiet lifestyle surrounded by nature without sacrificing modern comforts, this gem delivers the perfect balance of seclusion, convenience, and adventure.

2. 2026-05-01
   price $89,000 1546-char remark

   Show marketing remark (1546 chars)

   Under contract-accepting backup offers. Escape to your own private retreat in the peaceful Hog Valley area—an outdoorsman’s dream surrounded by miles of untouched forest and just moments from the Ocklawaha River and Rodman Reservoir. Whether you love fishing, hunting, camping, or exploring ATV trails, this location offers endless adventure right outside your door. Situated on nearly half an acre, this fully fenced and gated property provides both privacy and space to enjoy the natural surroundings. A charming front porch welcomes you in—perfect for morning coffee or unwinding after a day outdoors. Inside, the home has been thoughtfully updated and is completely move-in ready. Enjoy fresh interior and exterior paint, new flooring, and an updated kitchen designed for both functionality and style. Modern LED light fixtures brighten every room, while added insulation enhances energy efficiency year-round. This property is being offered furnished, making it an ideal turnkey primary residence, weekend getaway, or income-producing rental. Major upgrades provide peace of mind, including a new water heater in 2025, metal roof that's been re-sealed in late 2025, and a new well installed in 2022 with durable block housing. Outside, a large storage shed with electricity offers plenty of room for tools, equipment, or recreational gear. If you’re looking for a quiet lifestyle surrounded by nature without sacrificing modern comforts, this gem delivers the perfect balance of seclusion, convenience, and adventure.

3. 2026-04-16
   price $92,000 1546-char remark

   Show marketing remark (1546 chars)

   Under contract-accepting backup offers. Escape to your own private retreat in the peaceful Hog Valley area—an outdoorsman’s dream surrounded by miles of untouched forest and just moments from the Ocklawaha River and Rodman Reservoir. Whether you love fishing, hunting, camping, or exploring ATV trails, this location offers endless adventure right outside your door. Situated on nearly half an acre, this fully fenced and gated property provides both privacy and space to enjoy the natural surroundings. A charming front porch welcomes you in—perfect for morning coffee or unwinding after a day outdoors. Inside, the home has been thoughtfully updated and is completely move-in ready. Enjoy fresh interior and exterior paint, new flooring, and an updated kitchen designed for both functionality and style. Modern LED light fixtures brighten every room, while added insulation enhances energy efficiency year-round. This property is being offered furnished, making it an ideal turnkey primary residence, weekend getaway, or income-producing rental. Major upgrades provide peace of mind, including a new water heater in 2025, metal roof that's been re-sealed in late 2025, and a new well installed in 2022 with durable block housing. Outside, a large storage shed with electricity offers plenty of room for tools, equipment, or recreational gear. If you’re looking for a quiet lifestyle surrounded by nature without sacrificing modern comforts, this gem delivers the perfect balance of seclusion, convenience, and adventure.

4. 2026-04-04
   listed $95,000 Active 1546-char remark

   Show marketing remark (1546 chars)

   Under contract-accepting backup offers. Escape to your own private retreat in the peaceful Hog Valley area—an outdoorsman’s dream surrounded by miles of untouched forest and just moments from the Ocklawaha River and Rodman Reservoir. Whether you love fishing, hunting, camping, or exploring ATV trails, this location offers endless adventure right outside your door. Situated on nearly half an acre, this fully fenced and gated property provides both privacy and space to enjoy the natural surroundings. A charming front porch welcomes you in—perfect for morning coffee or unwinding after a day outdoors. Inside, the home has been thoughtfully updated and is completely move-in ready. Enjoy fresh interior and exterior paint, new flooring, and an updated kitchen designed for both functionality and style. Modern LED light fixtures brighten every room, while added insulation enhances energy efficiency year-round. This property is being offered furnished, making it an ideal turnkey primary residence, weekend getaway, or income-producing rental. Major upgrades provide peace of mind, including a new water heater in 2025, metal roof that's been re-sealed in late 2025, and a new well installed in 2022 with durable block housing. Outside, a large storage shed with electricity offers plenty of room for tools, equipment, or recreational gear. If you’re looking for a quiet lifestyle surrounded by nature without sacrificing modern comforts, this gem delivers the perfect balance of seclusion, convenience, and adventure.

5. 2022-08-03
   soldstatus $58,000
6. 2022-07-29
   soldstatus $58,000 Closed 568-char remark

   Show marketing remark (568 chars)

   If living in the country is your thing, this is it! Really cute rustic shabby chic cabin is just the right place for country living. Surrounded by woods and very near access to Ocala National Forest OHV(Off Highway Vehicle) trails. Also near Ocklawaha River with boat ramps and world famous Rodman Reservoir with excellent fishing year round. The area is known for the sportsman. Hunting, fishing and camping. Convert huge storage area for another bedroom and exterior shed can be transformed into a bunk house. Many possibilities. Yard is completely fenced and gated.

7. 2022-06-25
   status Pending 568-char remark

   Show marketing remark (568 chars)

   If living in the country is your thing, this is it! Really cute rustic shabby chic cabin is just the right place for country living. Surrounded by woods and very near access to Ocala National Forest OHV(Off Highway Vehicle) trails. Also near Ocklawaha River with boat ramps and world famous Rodman Reservoir with excellent fishing year round. The area is known for the sportsman. Hunting, fishing and camping. Convert huge storage area for another bedroom and exterior shed can be transformed into a bunk house. Many possibilities. Yard is completely fenced and gated.

8. 2022-06-21
   listed $60,000 Active 568-char remark

   Show marketing remark (568 chars)

   If living in the country is your thing, this is it! Really cute rustic shabby chic cabin is just the right place for country living. Surrounded by woods and very near access to Ocala National Forest OHV(Off Highway Vehicle) trails. Also near Ocklawaha River with boat ramps and world famous Rodman Reservoir with excellent fishing year round. The area is known for the sportsman. Hunting, fishing and camping. Convert huge storage area for another bedroom and exterior shed can be transformed into a bunk house. Many possibilities. Yard is completely fenced and gated.

9. 2022-03-28
   soldstatus $50,000
10. 2022-02-25
    soldstatus $50,000 Closed
11. 2022-01-28
    status Pending
12. 2022-01-12
    listed $50,000 Active
13. 2002-09-11
    soldstatus $10,900

ⓘ 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: $1,403 · $117/mo
• Projected year-2 tax: $1,403 · $117/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 ≥109°F today · 21 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: $14,119
• − Mortgage interest: −$4,985
• − Property taxes: −$1,403
• − Insurance: −$445
• − Repairs & maintenance: −$1,130
• − Management: −$1,130
• − Depreciation: −$2,589
• Taxable income: $2,438
• Est. tax owed @ 24.0%: −$585
• After-tax cash flow: $3,121/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 — Interlachen

• Score: 67/100
• State rank: #540
• US rank: #10162

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 11,580
• Population (ZIP): 7,400

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 (91%)
• Race & ethnicity: White 91% Hispanic / Latino 5% Two or more races 4%
• Common ancestry: Italian 3% Slovak 2% Lithuanian 2%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 3% French/Haitian/Cajun 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: ▼ -72.45%
• Current HPI: 224.9549
• 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

+716.5% since first listed

13 events — show timeline

• 2026-05-16 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-05-01 Price Changed $89,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-16 Price Changed $92,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-04 Listed $95,000 Stellar MLS as Distributed by MLS Grid
• 2022-08-03 Sold (Public Records) $58,000 Public Records
• 2022-07-29 Sold (MLS) $58,000 Stellar MLS as Distributed by MLS Grid
• 2022-06-25 Pending — Stellar MLS as Distributed by MLS Grid
• 2022-06-21 Listed $60,000 Stellar MLS as Distributed by MLS Grid
• 2022-03-28 Sold (Public Records) $50,000 Public Records
• 2022-02-25 Sold (MLS) $50,000 Stellar MLS as Distributed by MLS Grid
• 2022-01-28 Pending — Stellar MLS as Distributed by MLS Grid
• 2022-01-12 Listed $50,000 Stellar MLS as Distributed by MLS Grid
• 2002-09-11 Sold (Public Records) $10,900 Public Records

Property tax history

+16.3%/yr

Latest (2025): $1,403 · +23.8% YoY. Source: county tax records.