15 237th St · Suwannee, FL 32680

$100,000

3 bd · 1.0 ba · 1,288 sqft · Manufactured · 29 Days on market

Built 1970 Poor condition 0.31 ac lot

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.2/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +1.0/5.0

Listing remarks

Rare opportunity to own 3 contiguous lot in Suwannee, Florida. This property has an older mobile home on it that could possibly be restored. . It also has a couple of out buildings that could be used for storage or overflow. This would also be a perfect place to build or bring in a home or RV. Situated in a quiet neighborhood and within walking distance to anything in Suwannee. Call today before this one gets away!!!!!!

Key facts

• Walking distance
• Contiguous lot
• Out buildings

Tags

• CONTIGUOUS LOT
• OUT BUILDINGS
• QUIET NEIGHBORHOOD
• WALKING DISTANCE

Property features AI

Exterior

• Parking: Off-street parking
• Utilities: Public sewer
• Home design: Residential mobile home; Single-story (mobile/home style)
• Construction: Aluminum siding; Metal roof
• Exterior features: Covered patio/porch; Corner, level lot

Interior

• Kitchen: Refrigerator
• Flooring: Vinyl flooring; Wood flooring
• Bathrooms: 1 full bathroom
• Interior features: Refrigerator included; Total of 5 rooms

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath manufactured listed at $100k. Condition is rated poor.

Deal economics

• At list price, monthly cash flow is $144 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $100k).
• Recommended offer: $98k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads: area grade B — affects rentability + tenant quality, not the cash-flow math above.
• Dixie (rural): math 52% / reading 50% proficiency, ranked #36 of 73 in FL (top 49%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; 85% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 262 active listings in the ZIP; 49 units permitted in Dixie County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $11k of equity ($691 loan paydown + $10k appreciation (10.0% local appreciation)).
• Dixie County population projected at -16% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $28k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$38k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 29 days — a 2% lower offer ($98k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 23y 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 $60k; list at $100k implies a 67% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $98,500 (1.5% below list)

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
2. Built in 1970 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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.
6. 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.
7. 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: 1.60% ✓
• Cap rate: 13.14%
• Cash-on-cash: 24.47%
• DSCR: 2.09
• GRM: 5.2

CMA / ARV

• ARV (on-the-fly): $360,640
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
154 SE 228th St	0.56mi	3/2.0	1,248 (-3%)	11mo	$349,000	$280	56
65 SE 861st Ave	0.12mi	3/2.0	1,168 (-9%)	23mo	$100,000	$86	55

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: 28.9%
• Equity multiple: 3.28×
• Total profit: $63,940
• Equity at exit: $90,088

10-year hold

• IRR: 25.2%
• Equity multiple: 7.49×
• Total profit: $181,634
• Equity at exit: $194,278

Cash invested: $28,000 (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 32680

• Home prices YoY: 2.5%
• Active inventory: 262
• Price-to-rent: 5.2×

Monthly cashflow live

• Estimated rent: $1,597 medium
• Mortgage (P&I): −$524
• Tax est. 1.5%: −$125 /mo · $1,500/yr
• Insurance: −$42
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$335
• Net cashflow: $144

Break-even live

Break-even rent $1,415

Max offer price $100,000

Occupancy floor 86%

Sensitivity live

Price	-10% $213	-5% $179	+0% $144	+5% $110	+10% $75
Rent	-10% $18	-5% $81	+0% $144	+5% $207	+10% $271
Rate	-1.0pp $195	-0.5pp $170	base $144	+0.5pp $118	+1.0pp $92

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: $25,000
• Closing costs: $3,000
• Reserves months: —
• Total cash needed: —

Listing history 26 events

1. 2026-06-21
   days on market $100,000 Active 29 DOM
2. 2026-06-18
   days on market $100,000 Active 27 DOM
3. 2026-06-17
   days on market $100,000 Active 26 DOM
4. 2026-06-16
   days on market $100,000 Active 25 DOM
5. 2026-06-15
   days on market $100,000 Active 24 DOM
6. 2026-06-13
   days on market $100,000 Active 22 DOM
7. 2026-06-12
   days on market $100,000 Active 21 DOM
8. 2026-06-09
   days on market $100,000 Active 18 DOM
9. 2026-06-08
   days on market $100,000 Active 17 DOM
10. 2026-06-07
    days on market $100,000 Active 16 DOM
11. 2026-06-07
    days on market $100,000 Active 15 DOM
12. 2026-06-04
    days on market $100,000 Active 12 DOM
13. 2026-06-02
    days on market $100,000 Active 11 DOM
14. 2026-06-01
    days on market $100,000 Active 10 DOM
15. 2026-05-31
    days on market $100,000 Active 9 DOM
16. 2026-05-31
    days on market $100,000 Active 8 DOM
17. 2026-05-22
    listed $100,000 Active
18. 2024-03-28
    status Active
19. 2023-12-12
    price $109,000
20. 2023-10-11
    listed $119,000 Active
21. 2023-08-10
    price $134,000
22. 2023-05-17
    price $139,000
23. 2023-01-20
    listed $149,000 Active
24. 2019-08-20
    soldstatus $60,000
25. 2004-04-12
    soldstatus $49,500
26. 2003-09-21
    listed $49,500

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

Climate risk First Street

• 🌊 Flood 10/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 10/10 Extreme 7 d/yr ≥109°F today · 24 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,169
• − Mortgage interest: −$5,602
• − Property taxes: −$1,500
• − Insurance: −$5,618
• − Repairs & maintenance: −$1,533
• − Management: −$1,533
• − Depreciation: −$2,909
• Taxable income: $472
• Est. tax owed @ 24.0%: −$113
• After-tax cash flow: $1,618/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.

Condition & rehab AI · 13 photos

Poor 20/100 Extensive rehab

This property requires extensive repairs and improvements to its exterior and roof, as well as general maintenance. The home is in poor condition and would benefit from a thorough renovation to increase its resale or rental value.

Repairs flagged

• Major Rusty metal siding — Significant rust and damage, likely unsafe and in need of replacement
• Major Metal roof — Missing shingles and visible rust, likely leaking and in need of replacement
• Major Fence — Overgrown vegetation and dilapidated condition, likely unsafe and in need of repair

Value-add opportunities

• Resale Repair and replace metal siding — New siding would improve the home's appearance and increase its market value
• Resale Replace metal roof — A new roof would prevent water damage and improve the home's overall condition
• Both Repair and replace fence — A new fence would improve the home's curb appeal and safety

Renovation cost estimate screening

Repair item	Severity	Est. cost
Rusty metal siding · Significant rust and damage, likely unsafe and in need of replacement	Major	$15,000–50,000
Metal roof · Missing shingles and visible rust, likely leaking and in need of replacement	Major	$15,000–50,000
Fence · Overgrown vegetation and dilapidated condition, likely unsafe and in need of repair	Major	$15,000–50,000
Total estimated repair cost · 3 items		$45,000–150,000

Value-add ROI direction

• Resale Repair and replace metal siding — New siding would improve the home's appearance and increase its market value ↑
• Resale Replace metal roof — A new roof would prevent water damage and improve the home's overall condition ↑
• Both Repair and replace fence — A new fence would improve the home's curb appeal and safety ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Dixie
• NCES district ID: 1200450
• Math proficiency: 52% ▼ -3.00%
• Reading proficiency: 50% ▼ -4.00%
• Median HH income: $34,799
• Composite: 42.18/100
• National rank: #3290
• State rank: #36 of 73 in FL

Livability — Suwannee

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

Census & demographics

• Population (ZIP): 10,445

Population outlook (Dixie County) Hauer SSP2

• Today (2025): 15,122 people
• By 2030: 14,521 · -4.0%
• By 2040: 13,503 · -10.7%
• By 2050: 12,671 · -16.2%
• By 2075: 10,857 · -28.2%
• By 2100: 8,344 · -44.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (94%)
• Race & ethnicity: White 94% Two or more races 4% Hispanic / Latino 3% Black 1%
• Common ancestry: Romanian 2% Slovak 1% Italian 1%
• Foreign-born: 3% · Canada
• Languages at home: 99% English-only · Spanish 1%

Political lean MEDSL · Dixie

• 2024 margin: Solid R (+70.4) · D 14.5% · R 84.9%
• 2008→2024 swing: -25.4pp toward R · 2008: -45.0pp · 2024: -70.4pp
• All cycles: 2024: R+70.4 2020: R+66.0 2016: R+63.2 2012: R+46.9 2008: R+45.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 10.22%
• Current HPI: 424.0037
• 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

+102.0% since first listed

10 events — show timeline

• 2026-05-22 Listed $100,000 DGLMLS
• 2024-03-28 Relisted — DGLMLS
• 2023-12-12 Price Changed $109,000 DGLMLS
• 2023-10-11 Listed $119,000 DGLMLS
• 2023-08-10 Price Changed $134,000 DGLMLS
• 2023-05-17 Price Changed $139,000 DGLMLS
• 2023-01-20 Listed $149,000 DGLMLS
• 2019-08-20 Sold (MLS) $60,000 NFMLS
• 2004-04-12 Sold (MLS) $49,500 Stellar MLS as Distributed by MLS Grid
• 2003-09-21 Listed $49,500 Stellar MLS as Distributed by MLS Grid