2513 Independence Ln · St. Cloud, FL 34772

$175,000

2 bd · 2.0 ba · 1,519 sqft · Manufactured public records · 83 Days on market

Built 1984 7,754 sqft lot Est $240k · 27% under $120/mo HOA · 5% of rent

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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
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +7.6/10.0
• Schools +3.6/10.0
• Rent growth +3.1/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

NEW ROOF 2024, UPDATED WINDOWS, STORM SHUTTERS, UPDATED SLIDERS WITH THE BLINDS IN THE GLASS, A/C REPLACED IN 2019.. .. .. .we have TWO living areas: a very LARGE family room with plenty of space for two set ups, and a more quaint living room with shelving, built-ins, & a good view the FL ROOM. This FL ROOM has screen and GLASS WINDOWS. .. .. .. the windows, side door, & roof insulation on this FL ROOM were all updated in 2009. Miscellaneous spare closets help with storage, slight vaulted ceilings help keep that spacious feel, & our Kitchen is positioned perfectly in the center of the home. Lots of cabinets, all of its appliances will stay, we have a convenient center island

Key facts

• Updated windows
• Updated sliders
• Two living areas

Tags

• NEW ROOF
• UPDATED WINDOWS
• STORM SHUTTERS
• UPDATED SLIDERS
• TWO LIVING AREAS
• FL ROOM

Property features AI

Finance

• Other: Homestead exempt; Planned unit development; Other exemptions apply; Third-party listing; Directions available
• Financial info: Total monthly association fees: $120; total annual fees: $1,440
• HOA & community: Monthly HOA fee of $120 (Teka Village HOA); HOA includes pool and recreational facilities; Community amenities: clubhouse, gated entry, pool, shuffleboard court, community mailbox, golf carts allowed; Senior community; buyer approval required; pets allowed

Exterior

• Parking: Attached garage with workshop and garage door opener; 1-car garage (10x19); 3-car carport; Driveway
• Utilities: Public water; Public sewer; Electricity connected; Cable connected
• Home design: Manufactured double-wide home; One story; Northwest facing; Accessible entrance; Crawlspace foundation
• Construction: Metal siding and vinyl siding (with other materials); Shingle roof; Built as double wide manufactured home
• Exterior features: Covered rear porch; Screened porch; Awning(s); Exterior lighting; Rain gutters; Sliding doors; Patio/porch; Irrigation equipment; Landscaped with trees; Paved lot in city limits

Interior

• Kitchen: Built-in oven; Cooktop; Dishwasher; Microwave; Refrigerator; Electric water heater
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Linoleum
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air
• Interior features: Built-in features; Ceiling fans; Eat-in kitchen; Thermostat; Vaulted ceilings; Walk-in closets; Double-pane windows; Drapes; Exhaust fan
• Laundry & utility: Washer hookup; Dryer hookup (electric); Washer and dryer included; Laundry inside; Laundry closet

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $175k.

Deal economics

• At list price, monthly cash flow is $607 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $175k).
• Recommended offer: $164k (6.0% below list) — sets the bar for market timing.
• Cap rate 10.5% vs local median 4.0% in St. Cloud — 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: area grade B — affects rentability + tenant quality, not the cash-flow math above.
• Osceola (suburban): math 39% / reading 45% proficiency, ranked #60 of 73 in FL (top 82%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 60% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Neptune Elementary School (math 42% / reading 44%, grade F, #1,366 of 2,144 statewide, top 64%, 993 students, 46% FRL); Neptune Middle School (math 49% / reading 48%, grade C-, #274 of 571 statewide, top 50%, 978 students, 44% FRL); St. Cloud High School (math 32% / reading 50%, grade F, #289 of 667 statewide, top 44%, 2,264 students, 51% FRL).
• Market conditions: Rents rising (+2.3%/yr); 879 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 8,813 units permitted in Osceola County in 2024 (3,072 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Osceola County population projected at +73% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 2.3% rent growth), your $49k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 83 days — a 6% lower offer ($164k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $17k; list at $175k implies a 929% 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; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $164,500 (6.0% below list)

Questions for the listing agent

1. It's been on market 83 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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: 1.26% ✓
• Cap rate: 10.46%
• Cash-on-cash: 14.87%
• DSCR: 1.66
• GRM: 6.6

CMA / ARV

• ARV (on-the-fly): $240,002
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2494 Longpine Ln	0.12mi	2/2.0	1,495 (-2%)	9mo	$172,480	$115	84
2496 Longpine Ln	0.11mi	2/2.0	1,502 (-1%)	11mo	$211,850	$141	84
2472 Independence Ln	0.17mi	3/2.0 (+1)	1,502 (-1%)	8mo	$241,000	$160	78
4703 Lanca Ln	0.12mi	2/2.0	1,296 (-15%)	8mo	$205,000	$158	63
2520 Longpine Ln	0.06mi	2/2.0	1,296 (-15%)	13mo	$230,000	$177	62

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 · 2.3% rent growth · sell at horizon

5-year hold

• IRR: 4.7%
• Equity multiple: 1.18×
• Total profit: $8,756
• Equity at exit: $26,093

10-year hold

• IRR: 13.5%
• Equity multiple: 2.04×
• Total profit: $51,121
• Equity at exit: $15,131

Cash invested: $49,000 (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 34772

• Home prices YoY: -32.5%
• Rents YoY: 2.3%
• Active inventory: 879
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $2,211 high
• Mortgage (P&I): −$918
• Tax from tax record: −$29 /mo · $351/yr
• Insurance: −$73
• HOA: −$120
• Vacancy / Maint / Mgmt: −$464
• Net cashflow: $607

Break-even live

Break-even rent $1,443

Max offer price $175,000

Occupancy floor 68%

Sensitivity live

Price	-10% $706	-5% $657	+0% $607	+5% $357	+10% $297
Rent	-10% $432	-5% $520	+0% $607	+5% $695	+10% $782
Rate	-1.0pp $695	-0.5pp $652	base $607	+0.5pp $562	+1.0pp $516

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: $43,750
• Closing costs: $5,250
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2478 Pine Chase Cir Saint Cloud, FL	3.0	2.0	1383	$2,285	$1.65	0d	1	0.49mi
3221 Villa Way Cir Saint Cloud, FL	3.0	2.0	1370	$1,650	$1.20	25d	1	0.55mi
4501 Burrowing Owl Loop Saint Cloud, FL	3.0	2.5	1560	$2,200	$1.41	19d	1	0.58mi
4536 Burrowing Owl Loop Saint Cloud, FL	3.0	2.5	1808	$2,650	$1.47	25d	1	0.62mi
4329 Eagle Trail Bnd Saint Cloud, FL	3.0	2.5	1560	$2,100	$1.35	23d	1	0.67mi
2438 Pine Chase Cir Saint Cloud, FL	3.0	2.0	1482	$2,199	$1.48	4d	1	0.70mi
4469 Eagle Trail Bnd Saint Cloud, FL	3.0	2.5	1566	$2,200	$1.40	25d	1	0.73mi
2850 Wadeview Loop Saint Cloud, FL	3.0	2.5	1875	$2,300	$1.23	25d	1	0.76mi
4358 Restful Fallow Cv Saint Cloud, FL	3.0	2.5	1560	$2,300	$1.47	25d	1	0.76mi
4346 Restful Fallow Cv Saint Cloud, FL	3.0	2.5	1560	$2,300	$1.47	25d	1	0.76mi
4367 Ranch House Rd Saint Cloud, FL	3.0	2.5	1560	$1,950	$1.25	0d	1	0.77mi
4571 Capital Blvd Saint Cloud, FL	3.0	2.5	1926	$2,036	$1.06	0d	1	0.79mi
4348 Ranch House Rd Saint Cloud, FL	3.0	2.5	1808	$2,200	$1.22	25d	1	0.81mi
4770 Capital Blvd Saint Cloud, FL	3.0	2.5	1926	$2,100	$1.09	25d	1	0.84mi
2148 Betsy Ross Ln Saint Cloud, FL	2.0	2.0	1273	$2,050	$1.61	0d	1	0.86mi
4240 Settlers Ct Saint Cloud, FL	3.0	2.0	1435	$2,300	$1.60	25d	1	0.89mi
3085 Soldier City Way Unit 202 St Cloud, FL	3.0	2.0	1125	$1,800	$1.60	25d	1	0.92mi
3075 Soldier City Way Unit 202 St Cloud, FL	3.0	2.0	1125	$1,800	$1.60	21d	1	0.92mi
3065 Soldier City Way Unit 202 St Cloud, FL	3.0	2.0	1125	$1,800	$1.60	21d	1	0.93mi
3100 Soldier City Way St Cloud, FL	3.0	2.0	1085	$1,875	$1.73	5d	6	0.94mi
4651 Sidesaddle Trl Saint Cloud, FL	3.0	2.0	1695	$2,195	$1.29	19d	1	1.00mi
4371 Vibernum Ave Unit A St Cloud, FL	3.0	2.0	1825	$2,400	$1.32	25d	1	1.04mi
4377 Vibernum Ave Unit A St Cloud, FL	3.0	2.0	1825	$2,400	$1.32	25d	1	1.04mi
3010 Camber Dr Saint Cloud, FL	1.0–2.0	1.0–2.0	1007	$1,971	$1.96	3d	18	1.07mi
4848 Shady Pines Dr Saint Cloud, FL	3.0	2.0	1610	$2,400	$1.49	16d	1	1.09mi
5097 Arrowfeather Ct Unit A St Cloud, FL	3.0	2.0	1825	$2,400	$1.32	0d	1	1.09mi
5134 Arrowfeather Ct Saint Cloud, FL	3.0	2.0	1825	$2,350	$1.29	19d	1	1.12mi
5134 Arrowfeather Ct Unit A St Cloud, FL	3.0	2.0	1825	$2,350	$1.29	17d	1	1.12mi
1800 Rufus King Dr Saint Cloud, FL	3.0	2.0	1895	$2,100	$1.11	3d	1	1.14mi
5152 Arrowfeather Ct Saint Cloud, FL	3.0	2.0	1960	$2,500	$1.28	0d	1	1.15mi
5100 Clay Whaley Rd Unit 5100 St Cloud, FL	3.0	2.5	1823	$2,250	$1.23	25d	1	1.17mi
4215 Red Bird Ave Saint Cloud, FL	3.0	2.0	1587	$2,395	$1.51	4d	1	1.19mi
3875 Knotty Pine St Saint Cloud, FL	3.0	2.5	1608	$2,150	$1.34	25d	1	1.19mi
5172 Clay Whaley Rd Saint Cloud, FL	3.0	2.5	1823	$2,240	$1.23	15d	1	1.26mi
5174 Clay Whaley Rd Saint Cloud, FL	3.0	2.5	1664	$2,290	$1.38	25d	1	1.27mi
5176 Clay Whaley Rd Saint Cloud, FL	3.0	2.5	1664	$2,350	$1.41	23d	1	1.27mi
5191 Loyalty Dr Saint Cloud, FL	3.0	2.5	1782	$2,250	$1.26	25d	1	1.27mi
5000 Revolutionary Way Saint Cloud, FL	3.0	2.5	1373	$2,100	$1.53	25d	1	1.32mi
5080 Revolutionary Way Saint Cloud, FL	3.0	2.5	1365	$2,350	$1.72	25d	1	1.33mi
4988 Prairie Preserve Run Saint Cloud, FL	3.0	2.5	1354	$2,295	$1.69	25d	1	1.37mi

HOA detail

• Monthly dues: $120 · $1,440/yr

Listing history 19 events

1. 2026-06-21
   days on market $175,000 Active 83 DOM
2. 2026-06-18
   days on market $175,000 Active 80 DOM
3. 2026-06-17
   days on market $175,000 Active 79 DOM
4. 2026-06-16
   days on market $175,000 Active 78 DOM
5. 2026-06-15
   pricedays on market $175,000 Active 77 DOM
6. 2026-06-13
   days on market $214,900 Active 75 DOM
7. 2026-06-13
   days on market $214,900 Active 74 DOM
8. 2026-06-09
   days on market $214,900 Active 71 DOM
9. 2026-06-08
   days on market $214,900 Active 70 DOM
10. 2026-06-07
    days on market $214,900 Active 69 DOM
11. 2026-06-04
    days on market $214,900 Active 66 DOM
12. 2026-06-03
    days on market $214,900 Active 65 DOM
13. 2026-06-02
    days on market $214,900 Active 64 DOM
14. 2026-06-02
    days on market $214,900 Active 63 DOM
15. 2026-05-31
    days on market $214,900 Active 62 DOM
16. 2026-05-23
    price $214,900
17. 2026-04-20
    price $215,000
18. 2026-03-30
    listed $225,000 Active
19. 1989-06-01
    soldstatus $17,000

ⓘ 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: $351 · $29/mo
• Projected year-2 tax: $1,452 · $121/mo
• Expected delta: +$1,101/yr (+$92/mo · 313.3%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 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: $26,538
• − Mortgage interest: −$9,803
• − Property taxes: −$351
• − Insurance: −$875
• − Repairs & maintenance: −$2,123
• − Management: −$2,123
• − HOA: −$1,440
• − Depreciation: −$5,091
• Taxable income: $4,732
• Est. tax owed @ 24.0%: −$1,136
• After-tax cash flow: $6,150/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: Osceola
• NCES district ID: 1201470
• Math proficiency: 39% ▼ -9.00%
• Reading proficiency: 45% ▼ -4.00%
• Median HH income: $45,528
• Composite: 35.7/100
• National rank: #4865
• State rank: #60 of 73 in FL

Livability — St. Cloud

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

Census & demographics

• Census place: St. Cloud, FL
• County: Osceola County · 410,217 people
• City population: 29,247
• Metro: Orlando-Kissimmee-Sanford, FL
• Population (ZIP): 35,390
• Household income: $97,868
• Rent vs Own: 17.2% rent · 82.8% own
• Severe rent burden: 443.0

Population outlook (Osceola County) Hauer SSP2

• Today (2025): 447,624 people
• By 2030: 511,823 · +14.3%
• By 2040: 642,986 · +43.6%
• By 2050: 774,552 · +73.0%
• By 2075: 1,078,144 · +140.9%
• By 2100: 1,269,660 · +183.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.62)
• Race & ethnicity: White 44% Hispanic / Latino 44% Two or more races 19% Black 4% Asian 2%
• Hispanic origin (detail): Puerto Rican 20% Cuban 2% Dominican 6%
• Common ancestry: Lithuanian 2% Slovak 1% Iranian 1%
• Foreign-born: 18% · Canada, Jamaica
• Languages at home: 60% English-only · Spanish 36% German/W. Germanic 1% Other Indo-European 1%

Political lean MEDSL · Osceola

• 2024 margin: Toss-up / Even · D 48.7% · R 50.2% · Other 1.1%
• 2008→2024 swing: -21.2pp toward R · 2008: 19.7pp · 2024: -1.4pp
• All cycles: 2024: R+1.4 2020: D+13.8 2016: D+25.0 2012: D+24.5 2008: D+19.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -132.55%
• Current HPI: 274.6517
• Rent YoY: ▲ 2.30%
• 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

+1164.1% since first listed

4 events — show timeline

• 2026-05-23 Price Changed $214,900 Stellar MLS as Distributed by MLS Grid
• 2026-04-20 Price Changed $215,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-30 Listed $225,000 Stellar MLS as Distributed by MLS Grid
• 1989-06-01 Sold (Public Records) $17,000 Public Records

Property tax history

-3.9%/yr

Latest (2025): $351 · +3.3% YoY. Source: county tax records.