3747 SE 126th Pl · Belleview, FL 34420

$224,900

3 bd · 2.0 ba · 1,560 sqft · Manufactured public records · 37 Days on market

Built 1985 2.41 ac lot

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Why this score? — see what drove the D 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 +13.8/30.0
• ARV discount +7.5/15.0
• DSCR +4.2/10.0
• Schools +3.6/10.0
• Livability +3.5/5.0
• 1% rule +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

BEAUTIFUL PROPERTY W/ CLEARED & SOME AREA WITH TREES. EXISTING HOME REQUIRES A NUMBER OF REPAIRS, IF YOU HAVE THE TIME & INCLINATION. IT'S A ''FIXER UPPER''. IF NOT, HAVE THE DW REMOVED AND YOU HAVE A GREAT BUILDABLE SITE. ENJOY THE PRIVACY OF THE 2.4 ACRES. WELL & SEPTIC NEW WITHIN THE LAST 6 OR 7 YRS.

Key facts

• Custom workshop
• Extra storage shed
• Detached workshop

Tags

• PRIVATE ESTATE
• CUSTOM WORKSHOP
• DETACHED WORKSHOP
• BACK DECK
• EXTRA STORAGE SHED

Property features AI

Exterior

• Utilities: Well water; Septic system; Electricity connected
• Home design: Manufactured double-wide home; Single-story; Faces southeast; Entry level: 1
• Construction: Wood siding; Metal roof; Crawlspace foundation; Built as a manufactured home
• Exterior features: Dirt road access; 2.41-acre lot (approximately 166 x 633)

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Carpet
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Wood-burning fireplace
• Laundry & utility: Washer hookup; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $225k.

Deal economics

• At list price, monthly cash flow is $22 ($259/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 $174k (22.4% below list).
• Recommended offer: $174k (22.4% below list) — sets the bar for 1% rule.
• Cap rate 6.4% 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: Belleview-Santos Elementary School (math 41% / reading 41%, grade F, #1,454 of 2,144 statewide, top 69%, 570 students, 66% FRL); Belleview Middle School (math 49% / reading 50%, grade C, #259 of 571 statewide, top 46%, 1,573 students, 60% FRL); Belleview High School (math 31% / reading 46%, grade F, #321 of 667 statewide, top 49%, 1,783 students, 56% FRL) — zoned schools at 61% FRL track the district average.
• Market conditions: 362 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k 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 37 days — a 3% lower offer ($218k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 17y 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.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 6→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $174,500 (22.4% below list)

Questions for the listing agent

1. It's been on market 37 days. Have you received any prior offers? Is the seller open to a 22% 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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
6. 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.
7. 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.
8. 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: 0.78% ✗
• Cap rate: 6.41%
• Cash-on-cash: 0.41%
• DSCR: 1.02
• GRM: 10.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -15.7%
• Equity multiple: 0.44×
• Total profit: $-35,166
• Equity at exit: $33,533

10-year hold

• IRR: -7.3%
• Equity multiple: 0.54×
• Total profit: $-29,240
• Equity at exit: $19,445

Cash invested: $62,972 (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 34420

• Home prices YoY: -32.8%
• Active inventory: 362
• Price-to-rent: 10.7×

Monthly cashflow live

• Estimated rent: $1,745 medium
• Mortgage (P&I): −$1,179
• Tax from tax record: −$84 /mo · $1,007/yr
• Insurance: −$94
• HOA: −$0
• Vacancy / Maint / Mgmt: −$366
• Net cashflow: $22

Break-even live

Break-even rent $1,718

Max offer price $224,900

Occupancy floor 94%

Sensitivity live

Price	-10% $149	-5% $85	+0% $22	+5% $-42	+10% $-106
Rent	-10% $-116	-5% $-47	+0% $22	+5% $90	+10% $159
Rate	-1.0pp $135	-0.5pp $79	base $22	+0.5pp $-37	+1.0pp $-96

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: $56,225
• Closing costs: $6,747
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3820 SE 136th Pl Summerfield, FL	3.0	2.0	1265	$1,745	$1.38	22d	1	1.11mi
3384 SE 138th St Summerfield, FL	3.0	2.0	1265	$1,745	$1.38	22d	1	1.32mi

Listing history 28 events

1. 2026-06-21
   days on market $224,900 Active 37 DOM
2. 2026-06-18
   days on market $224,900 Active 34 DOM
3. 2026-06-17
   days on market $224,900 Active 33 DOM
4. 2026-06-16
   days on market $224,900 Active 32 DOM
5. 2026-06-15
   days on market $224,900 Active 31 DOM
6. 2026-06-14
   days on market $224,900 Active 29 DOM
7. 2026-06-13
   days on market $224,900 Active 28 DOM
8. 2026-06-10
   days on market $224,900 Active 26 DOM
9. 2026-06-09
   days on market $224,900 Active 25 DOM
10. 2026-06-08
    days on market $224,900 Active 24 DOM
11. 2026-06-07
    days on market $224,900 Active 23 DOM
12. 2026-06-03
    days on market $224,900 Active 19 DOM
13. 2026-06-02
    days on market $224,900 Active 18 DOM
14. 2026-06-01
    days on market $224,900 Active 17 DOM
15. 2026-05-31
    days on market $224,900 Active 16 DOM
16. 2026-05-30
    days on market $224,900 Active 15 DOM
17. 2026-05-17
    status Active
18. 2026-05-11
    status Pending
19. 2026-05-09
    listed $224,900 Active
20. 2025-09-03
    soldstatus $210,000
21. 2010-08-02
    soldstatus $52,000
22. 2010-07-30
    soldstatus $52,000 322-char remark

    Show marketing remark (322 chars)

    BEAUTIFUL PROPERTY W/ CLEARED & SOME AREA WITH TREES. EXISTING HOME REQUIRES A NUMBER OF REPAIRS, IF YOU HAVE THE TIME & INCLINATION. IT'S A ''FIXER UPPER''. IF NOT, HAVE THE DW REMOVED AND YOU HAVE A GREAT BUILDABLE SITE. ENJOY THE PRIVACY OF THE 2.4 ACRES. WELL & SEPTIC NEW WITHIN THE LAST 6 OR 7 YRS.

23. 2010-06-14
    listed $54,900 322-char remark

    Show marketing remark (322 chars)

    BEAUTIFUL PROPERTY W/ CLEARED & SOME AREA WITH TREES. EXISTING HOME REQUIRES A NUMBER OF REPAIRS, IF YOU HAVE THE TIME & INCLINATION. IT'S A ''FIXER UPPER''. IF NOT, HAVE THE DW REMOVED AND YOU HAVE A GREAT BUILDABLE SITE. ENJOY THE PRIVACY OF THE 2.4 ACRES. WELL & SEPTIC NEW WITHIN THE LAST 6 OR 7 YRS.

24. 2010-05-31
    historical
25. 2010-05-31
    historical
26. 2009-11-27
    listed $54,900
27. 2009-11-27
    listed $54,900
28. 1995-02-22
    soldstatus $14,900

ⓘ 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: $1,007 · $84/mo
• Projected year-2 tax: $1,867 · $156/mo
• Expected delta: +$860/yr (+$72/mo · 85.4%)

ⓘ 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 6/10 Major
• 🌡 Heat 8/10 Severe 6 d/yr ≥108°F today · 18 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: $20,940
• − Mortgage interest: −$12,598
• − Property taxes: −$1,007
• − Insurance: −$1,124
• − Repairs & maintenance: −$1,675
• − Management: −$1,675
• − Depreciation: −$6,543
• Taxable loss: −$3,682
• Est. tax savings @ 24.0%: +$884
• After-tax cash flow: $1,142/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

• City population: 19,167
• Population (ZIP): 19,167

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 (81%)
• Race & ethnicity: White 81% Hispanic / Latino 12% Two or more races 10% Black 1%
• Hispanic origin (detail): Puerto Rican 7% Cuban 2%
• Common ancestry: Lithuanian 4% Iranian 2% Romanian 2%
• Foreign-born: 5% · Canada, Jamaica
• Languages at home: 89% English-only · Spanish 7% Other Indo-European 2% German/W. Germanic 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: ▼ -120.90%
• Current HPI: 247.3176
• 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

+1409.4% since first listed

12 events — show timeline

• 2026-05-17 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-05-11 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-05-09 Listed $224,900 Stellar MLS as Distributed by MLS Grid
• 2025-09-03 Sold (Public Records) $210,000 Public Records
• 2010-08-02 Sold (Public Records) $52,000 Public Records
• 2010-07-30 Sold (MLS) $52,000 Stellar MLS as Distributed by MLS Grid
• 2010-06-14 Listed $54,900 Stellar MLS as Distributed by MLS Grid
• 2010-05-31 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2010-05-31 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2009-11-27 Listed $54,900 Stellar MLS as Distributed by MLS Grid
• 2009-11-27 Listed $54,900 Stellar MLS as Distributed by MLS Grid
• 1995-02-22 Sold (Public Records) $14,900 Public Records

Property tax history

+5.3%/yr

Latest (2025): $1,007 · +27.4% YoY. Source: county tax records.