1614 Ridgemoor Dr · Mascotte, FL 34753

$380,000

4 bd · 3.5 ba · 3,124 sqft · SingleFamily public records · 91 Days on market

Built 2006 0.43 ac lot Est $525k · 28% under $29/mo HOA · 1% of rent

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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).

• ARV discount +15.0/15.0
• Cash flow +11.8/30.0
• Appreciation +10.0/10.0
• Schools +4.2/10.0
• Livability +3.6/5.0
• DSCR +3.5/10.0
• 1% rule +2.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

BANK OWNED, SOLD "AS IS", NOT A SHORT SALE. PLEASE ALLOW 2-3 BUSINESS DAYS FOR SELLER RESPONSE. PROPERTY IS TENANT OCCUPIED.

Key facts

• 0.43 acre lot
• 2 garage spots
• Built 2006

Property features AI

Finance

• Other: Homestead exemption applied; Pets allowed
• HOA & community: Has HOA (Dukes Lake HOA / Sentry Management) with required fees; Quarterly association fee of $88 (monthly equivalent $29.33)

Exterior

• Parking: Attached 2-car garage
• Utilities: Public water; Septic sewer; Electricity connected; Water connected; Private utilities available
• Home design: Single family residence; Two-story; Faces northwest
• Construction: Block and frame construction; Shingle roof; Block foundation; Built on a 0.43-acre lot
• Exterior features: Lake view; Asphalt road

Interior

• Kitchen: Range; Microwave; Refrigerator; Electric water heater
• Bedrooms: 4 bedrooms
• Flooring: Carpet; Laminate; Tile
• Bathrooms: 3 full baths; 1 half bath
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Walk-in closets
• Laundry & utility: Laundry closet

🏷️ Possibly a rental listed for sale. The $380,000 price doesn't fit this home's estimated sale value (~$524,832) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 4-bed/3.5-bath single-family listed at $380k.

Deal economics

• At list price, monthly cash flow is $-106 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $361k (4.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $289k (23.9% below list).
• Recommended offer: $289k (23.9% below list) — sets the bar for 1% rule.
• Cap rate 6.0% vs local median 4.8% in Mascotte — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 71/100 on livability (#405 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools D-, amenities F, commute F.
• Lake (suburban): math 49% / reading 50% proficiency, ranked #37 of 73 in FL (top 51%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 98 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 4,799 units permitted in Lake County in 2024 (814 in 5+ unit buildings).
• This rent runs 41% of the median local income ($84k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $41k of equity ($3k loan paydown + $38k appreciation (10.0% local appreciation)).
• Lake County population projected at +37% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 2, paydown + projected appreciation supports a ~$65k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 91 days — a 9% lower offer ($346k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 20y 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 $122k; list at $380k implies a 211% 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; major wildfire risk; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $289,029 (23.9% 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 91 days. Have you received any prior offers? Is the seller open to a 24% 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. 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.
8. 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.
9. 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: 0.76% ✗
• Cap rate: 5.96%
• Cash-on-cash: -1.19%
• DSCR: 0.95
• GRM: 11.0

CMA / ARV

• ARV (on-the-fly): $524,832
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6152 Chorus Dr	0.59mi	4/2.5	3,269 (+5%)	8mo	$548,290	$168	54
2122 Medina Hills Ln	0.43mi	5/2.5 (+1)	3,072 (-2%)	18mo	$380,000	$124	53

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

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 23.4%
• Equity multiple: 2.88×
• Total profit: $200,114
• Equity at exit: $342,334

10-year hold

• IRR: 20.8%
• Equity multiple: 6.59×
• Total profit: $594,401
• Equity at exit: $738,256

Cash invested: $106,400 (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 34753

• Home prices YoY: 7.2%
• Active inventory: 98
• Price-to-rent: 11.0×

Monthly cashflow live

• Estimated rent: $2,890 medium
• Mortgage (P&I): −$1,993
• Tax from tax record: −$209 /mo · $2,509/yr
• Insurance: −$158
• HOA: −$29
• Vacancy / Maint / Mgmt: −$607
• Net cashflow: $-106

Break-even live

Break-even rent $3,024

Max offer price $361,299

Occupancy floor 99%

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: $95,000
• Closing costs: $11,400
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1063 Bluegrass Dr Groveland, FL	4.0	2.0	2182	$2,500	$1.15	23d	1	0.76mi
5990 Churchill Square Way Groveland, FL	5.0	3.0	2696	$2,889	$1.07	2d	1	1.39mi
187 Hydra Way Groveland, FL	4.0	3.0	2542	$2,699	$1.06	23d	1	1.42mi

HOA detail

• Monthly dues: $29 · $348/yr

Listing history 24 events

1. 2026-06-18
   days on market $380,000 Active 91 DOM
2. 2026-06-17
   days on market $380,000 Active 90 DOM
3. 2026-06-16
   days on market $380,000 Active 89 DOM
4. 2026-06-15
   days on market $380,000 Active 88 DOM
5. 2026-06-13
   days on market $380,000 Active 86 DOM
6. 2026-06-09
   days on market $380,000 Active 82 DOM
7. 2026-06-08
   days on market $380,000 Active 81 DOM
8. 2026-06-07
   days on market $380,000 Active 80 DOM
9. 2026-06-04
   days on market $380,000 Active 77 DOM
10. 2026-06-03
    days on market $380,000 Active 76 DOM
11. 2026-06-02
    days on market $380,000 Active 75 DOM
12. 2026-06-01
    days on market $380,000 Active 74 DOM
13. 2026-05-31
    days on market $380,000 Active 73 DOM
14. 2026-03-19
    listed $380,000 Active
15. 2009-10-27
    soldstatus $122,000 134-char remark

    Show marketing remark (134 chars)

    BANK OWNED, SOLD "AS IS", NOT A SHORT SALE. PLEASE ALLOW 2-3 BUSINESS DAYS FOR SELLER RESPONSE. PROPERTY IS TENANT OCCUPIED.

16. 2009-09-29
    listed $119,900 134-char remark

    Show marketing remark (134 chars)

    BANK OWNED, SOLD "AS IS", NOT A SHORT SALE. PLEASE ALLOW 2-3 BUSINESS DAYS FOR SELLER RESPONSE. PROPERTY IS TENANT OCCUPIED.

17. 2009-08-11
    historical
18. 2008-08-14
    listed $159,900
19. 2008-08-13
    historical
20. 2008-05-09
    listed $199,900
21. 2008-05-08
    historical
22. 2007-01-27
    listed $239,900
23. 2006-11-22
    soldstatus $248,000
24. 2006-09-15
    listed $251,800

ⓘ 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: $2,509 · $209/mo
• Projected year-2 tax: $3,154 · $263/mo
• Expected delta: +$645/yr (+$54/mo · 25.7%)

ⓘ 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 6/10 Major
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°F today · 23 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: $34,683
• − Mortgage interest: −$21,286
• − Property taxes: −$2,509
• − Insurance: −$1,900
• − Repairs & maintenance: −$2,775
• − Management: −$2,775
• − HOA: −$348
• − Depreciation: −$11,055
• Taxable loss: −$7,963
• Est. tax savings @ 24.0%: +$1,911
• After-tax cash flow: $641/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: Lake
• NCES district ID: 1201050
• Math proficiency: 49% ▼ -7.00%
• Reading proficiency: 50% ▼ -4.00%
• Median HH income: $46,632
• Composite: 42.05/100
• National rank: #3327
• State rank: #37 of 73 in FL

Livability — Mascotte

• Score: 71/100
• State rank: #405
• US rank: #7156

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Mascotte, FL
• County: Lake County · 364,602 people
• City population: 33,565
• Metro: Orlando-Kissimmee-Sanford, FL
• Population (ZIP): 7,985
• Household income: $83,868
• Rent vs Own: 22.5% rent · 77.5% own
• Severe rent burden: 16.0

Population outlook (Lake County) Hauer SSP2

• Today (2025): 386,640 people
• By 2030: 417,107 · +7.9%
• By 2040: 476,676 · +23.3%
• By 2050: 531,296 · +37.4%
• By 2075: 648,303 · +67.7%
• By 2100: 698,530 · +80.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.69)
• Race & ethnicity: White 38% Hispanic / Latino 35% Two or more races 25% Black 20% Asian 3%
• Hispanic origin (detail): Mexican 11% Puerto Rican 12% Dominican 2%
• Common ancestry: Slovak 1% Serbian 1% Romanian 1%
• Foreign-born: 10% · Canada, Jamaica
• Languages at home: 67% English-only · Spanish 32%

Political lean MEDSL · Lake

• 2024 margin: Strong R (+24.7) · D 37.3% · R 62.0%
• 2008→2024 swing: -11.2pp toward R · 2008: -13.5pp · 2024: -24.7pp
• All cycles: 2024: R+24.7 2020: R+20.0 2016: R+23.1 2012: R+17.1 2008: R+13.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 19.01%
• Current HPI: 281.96
• Rent YoY: —
• Metro: Orlando-Kissimmee-Sanford, 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

+50.9% since first listed

11 events — show timeline

• 2026-03-19 Listed $380,000 Stellar MLS as Distributed by MLS Grid
• 2009-10-27 Sold (MLS) $122,000 Stellar MLS as Distributed by MLS Grid
• 2009-09-29 Listed $119,900 Stellar MLS as Distributed by MLS Grid
• 2009-08-11 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2008-08-14 Listed $159,900 Stellar MLS as Distributed by MLS Grid
• 2008-08-13 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2008-05-09 Listed $199,900 Stellar MLS as Distributed by MLS Grid
• 2008-05-08 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2007-01-27 Listed $239,900 Stellar MLS as Distributed by MLS Grid
• 2006-11-22 Sold (MLS) $248,000 Stellar MLS as Distributed by MLS Grid
• 2006-09-15 Listed $251,800 Stellar MLS as Distributed by MLS Grid

Property tax history

+4.2%/yr

Latest (2025): $2,509 · +6.1% YoY. Source: county tax records.