14199 SE 59th Ct · Belleview, FL 34491

$216,500

3 bd · 2.0 ba · 1,890 sqft · Manufactured public records · 35 Days on market

Built 2000 0.34 ac lot $115/sqft · at area comps Est $218k · at est.

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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 +23.3/30.0
• ARV discount +7.8/15.0
• DSCR +7.5/10.0
• 1% rule +5.0/10.0
• Schools +3.6/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

LIKE NEW! LARGE HOME WITH LARGE ROOMS, HUGE KITCHEN WITH ISLAND AND BAR, DINING AREA AND FORMAL DINING ROOM, CHERRY WOOD CABINETS THRU-OUT, ALL WALK-IN CLOSETS, MASTER SUITE WITH OVERSIZED CLOSET, MASTER BATH WITH DOUBLE SINKS, LARGE TUB AND SHOWER, LARGE UTILITY ROOM, SKYVIEW WINDOWS AND SLIDING DOOR, DECK, FENCED NICE HIGH LOT. ALL APPLIANCES INCLUDED. OWNER/AGENT.

Key facts

• Breakfast nook
• Spacious lot
• 0.34 acre lot

Tags

• SPACIOUS LOT
• WOOD BURNING FIREPLACE
• GENEROUS CABINET STORAGE
• ABUNDANT COUNTER SPACE
• BREAKFAST NOOK
• LUXURY VINYL PLANK FLOORING

Property features AI

Finance

• Other: Approximately 0.34 acre lot (about 1/4 to less than 1/2 acre)
• Financial info: No lease restrictions indicated; Taxes listed (amounts excluded per instructions)
• HOA & community: No homeowners association

Exterior

• Security: Fire alarm
• Utilities: Public water; Septic tank; Electricity connected
• Home design: Manufactured double-wide home; One level; Faces west
• Construction: Vinyl siding; Shingle roof; Pillar/post/pier foundation; Built in (year not provided)
• Exterior features: Deck; French doors; Paved road access; Publicly maintained road

Interior

• Kitchen: Dishwasher; Range; Range hood; Refrigerator; Eat-in kitchen; Solid wood cabinets
• Bedrooms: 3 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Electric heating; Heat pump; Central air conditioning; Vaulted ceilings (affecting interior climate)
• Interior features: Built-in features; Ceiling fans; Eat-in kitchen; Solid wood cabinets; Split bedroom layout; Thermostat; Vaulted ceilings; Walk-in closets; Fire alarm
• Laundry & utility: Dedicated laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $216k.

Deal economics

• At list price, monthly cash flow is $396 ($5k/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 $216k (0.4% below list).
• Recommended offer: $210k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.5% vs local median 4.5% in Belleview — 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 69/100 on livability (#458 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime F, 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.
• Zoned schools: Harbour View Elementary School (math 41% / reading 38%, grade F, #1,513 of 2,144 statewide, top 73%, 819 students, 71% FRL); Belleview High School (math 31% / reading 46%, grade F, #321 of 667 statewide, top 49%, 1,783 students, 56% FRL) — zoned schools at 64% FRL track the district average.
• Market conditions: 705 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 7,071 units permitted in Marion County in 2024 (534 in 5+ unit buildings).
• This rent runs 39% of the median local income ($67k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k 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.

Negotiation context

• It's been on market 35 days — a 3% lower offer ($210k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 21y 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 $75k; list at $216k implies a 189% 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→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $210,005 (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. 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. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
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: 1.00% ✗
• Cap rate: 8.49%
• Cash-on-cash: 7.84%
• DSCR: 1.35
• GRM: 8.4

CMA / ARV

• ARV (median comp): $217,739
• List price: $216,500
• Delta: -0.57%
• Verdict: FAIR
• Comps: 4 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
14093 SE 62nd Ct	0.24mi	4/3.0 (+1)	1,856 (-2%)	3mo	$207,700	$112	74
14182 SE 62nd Ct	0.19mi	4/2.0 (+1)	1,620 (-14%)	1mo	$194,000	$120	62
14219 SE 63rd Ave	0.28mi	3/2.0	2,092 (+11%)	12mo	$245,000	$117	59

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

Projected returns pro-forma

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

5-year hold

• IRR: -4.4%
• Equity multiple: 0.84×
• Total profit: $-9,946
• Equity at exit: $32,281

10-year hold

• IRR: 5.3%
• Equity multiple: 1.39×
• Total profit: $23,475
• Equity at exit: $18,719

Cash invested: $60,620 (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 34491

• Home prices YoY: -35.0%
• Active inventory: 705
• Price-to-rent: 8.4×

Monthly cashflow live

• Estimated rent: $2,157 medium
• Mortgage (P&I): −$1,135
• Tax from tax record: −$83 /mo · $990/yr
• Insurance: −$90
• HOA: −$0
• Vacancy / Maint / Mgmt: −$453
• Net cashflow: $396

Break-even live

Break-even rent $1,656

Max offer price $216,500

Occupancy floor 77%

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: $54,125
• Closing costs: $6,495
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
13705 SE 54th Ct Summerfield, FL	3.0	2.0	1416	$1,895	$1.34	21d	1	0.69mi
13609 SE 53rd Ave Summerfield, FL	3.0	2.0	1270	$1,940	$1.53	21d	1	0.84mi

Listing history 22 events

1. 2026-06-18
   days on market $216,500 Active 35 DOM
2. 2026-06-17
   days on market $216,500 Active 34 DOM
3. 2026-06-16
   days on market $216,500 Active 33 DOM
4. 2026-06-15
   days on market $216,500 Active 32 DOM
5. 2026-06-14
   days on market $216,500 Active 30 DOM
6. 2026-06-13
   pricedays on market $216,500 Active 29 DOM
7. 2026-06-10
   days on market $219,000 Active 27 DOM
8. 2026-06-09
   days on market $219,000 Active 26 DOM
9. 2026-06-08
   days on market $219,000 Active 25 DOM
10. 2026-06-07
    days on market $219,000 Active 24 DOM
11. 2026-06-03
    days on market $219,000 Active 20 DOM
12. 2026-06-02
    days on market $219,000 Active 19 DOM
13. 2026-06-01
    days on market $219,000 Active 18 DOM
14. 2026-05-31
    days on market $219,000 Active 17 DOM
15. 2026-05-30
    days on market $219,000 Active 16 DOM
16. 2026-05-14
    listed $219,000 Active 1483-char remark
17. 2013-10-08
    soldstatus $75,000
18. 2006-06-02
    soldstatus $115,000
19. 2006-05-25
    soldstatus $115,000 369-char remark

    Show marketing remark (369 chars)

    LIKE NEW! LARGE HOME WITH LARGE ROOMS, HUGE KITCHEN WITH ISLAND AND BAR, DINING AREA AND FORMAL DINING ROOM, CHERRY WOOD CABINETS THRU-OUT, ALL WALK-IN CLOSETS, MASTER SUITE WITH OVERSIZED CLOSET, MASTER BATH WITH DOUBLE SINKS, LARGE TUB AND SHOWER, LARGE UTILITY ROOM, SKYVIEW WINDOWS AND SLIDING DOOR, DECK, FENCED NICE HIGH LOT. ALL APPLIANCES INCLUDED. OWNER/AGENT.

20. 2006-01-13
    listed $118,000 369-char remark

    Show marketing remark (369 chars)

    LIKE NEW! LARGE HOME WITH LARGE ROOMS, HUGE KITCHEN WITH ISLAND AND BAR, DINING AREA AND FORMAL DINING ROOM, CHERRY WOOD CABINETS THRU-OUT, ALL WALK-IN CLOSETS, MASTER SUITE WITH OVERSIZED CLOSET, MASTER BATH WITH DOUBLE SINKS, LARGE TUB AND SHOWER, LARGE UTILITY ROOM, SKYVIEW WINDOWS AND SLIDING DOOR, DECK, FENCED NICE HIGH LOT. ALL APPLIANCES INCLUDED. OWNER/AGENT.

21. 2005-08-17
    listed $29,995
22. 1997-10-13
    soldstatus $14,500

ⓘ 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: $990 · $83/mo
• Projected year-2 tax: $1,797 · $150/mo
• Expected delta: +$807/yr (+$67/mo · 81.4%)

ⓘ 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 9/10 Extreme 7 d/yr ≥109°F today · 22 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,884
• − Mortgage interest: −$12,127
• − Property taxes: −$990
• − Insurance: −$1,082
• − Repairs & maintenance: −$2,071
• − Management: −$2,071
• − Depreciation: −$6,298
• Taxable income: $1,244
• Est. tax owed @ 24.0%: −$299
• After-tax cash flow: $4,453/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 — Belleview

• Score: 69/100
• State rank: #458
• US rank: #8314

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Marion County · 315,796 people
• City population: 19,167
• Metro: Ocala, FL
• Population (ZIP): 33,318
• Household income: $66,679
• Rent vs Own: 13.2% rent · 86.8% own
• Severe rent burden: 256.0

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: Predominantly White (77%)
• Race & ethnicity: White 77% Hispanic / Latino 14% Two or more races 9% Black 4% Asian 2%
• Hispanic origin (detail): Mexican 3% Puerto Rican 6% Cuban 1%
• Common ancestry: Lithuanian 3% Slovak 2% Romanian 2%
• Foreign-born: 8% · Canada, Vietnam, Jamaica
• Languages at home: 85% English-only · Spanish 11% Vietnamese 1% 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: ▼ -107.67%
• Current HPI: 200.0792
• Rent YoY: —
• 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

+1393.1% since first listed

8 events — show timeline

• 2026-06-12 Price Changed $216,500 Stellar MLS as Distributed by MLS Grid
• 2026-05-14 Listed $219,000 Stellar MLS as Distributed by MLS Grid
• 2013-10-08 Sold (Public Records) $75,000 Public Records
• 2006-06-02 Sold (Public Records) $115,000 Public Records
• 2006-05-25 Sold (MLS) $115,000 Stellar MLS as Distributed by MLS Grid
• 2006-01-13 Listed $118,000 Stellar MLS as Distributed by MLS Grid
• 2005-08-17 Listed $29,995 Stellar MLS as Distributed by MLS Grid
• 1997-10-13 Sold (Public Records) $14,500 Public Records

Property tax history

+3.6%/yr

Latest (2025): $990 · +28.0% YoY. Source: county tax records.