1647 Flounder St · St. Cloud, FL 34771

$169,000

2 bd · 1.5 ba · 720 sqft · Manufactured public records · 180 Days on market

Built 1966 6,403 sqft lot Est $150k · 13% over

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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 +24.2/30.0
• DSCR +7.8/10.0
• 1% rule +5.8/10.0
• Schools +3.6/10.0
• Rent growth +3.3/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +1.7/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Attention investors and snowbirds! This 2 bedroom 1.5 bathroom home can be your winter retreat or add it to your rental portfolio. NO HOA! Located just over a mile away from the Trout Lake boat ramp on the Alligator Chain of Lakes. The huge front porch/Florida room is screened with vinyl windows and overlooks the shady front yard. There are two entrances from the porch inside, one into the living room and the other in the hallway near the primary bedroom. The kitchen has a eating space and extra cabinets. The second bedroom has it's own half bath. There is a storage shed out back and two producing orange trees. This home is being sold furnished with all appliances, ready for you to put your personal touch on it and make it your own. CASH ONLY due to age of the home.

Key facts

• New stove
• New refrigerator
• Completely renovated

Tags

• COMPLETELY RENOVATED
• NO HOA
• GATED IN THE BACK
• NEAR TROUT LAKE BOAT RAMP
• NEW REFRIGERATOR
• NEW STOVE

Property features AI

Finance

• Other: Property type: Residential mobile home; Property subtype: Mobile Home (Single Wide); Zoning: ORMH
• HOA & community: No HOA/association indicated; Pets allowed

Exterior

• Parking: Covered parking; Driveway; 1-car carport
• Utilities: Well water; Septic tank; Electricity connected
• Home design: Residential mobile home (single wide); One story; North-facing
• Construction: Vinyl siding; Metal roof; Other foundation
• Exterior features: Paved road access; Lot dimensions approximately 80 x 80; Lot size about 0.15 acre

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Tile; Vinyl
• Bathrooms: 2 full bathrooms; 1 half bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Eat-in kitchen; 8 total rooms
• Laundry & utility: No laundry room listed; Electric water heater

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath manufactured listed at $169k.

Deal economics

• At list price, monthly cash flow is $-89 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $153k (9.3% below list).
• Meets the 1% rule at list price ($2k rent vs $169k).
• Recommended offer: $149k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.7% 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 C — 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: Hickory Tree Elementary School (math 64% / reading 59%, grade B, #634 of 2,144 statewide, top 30%, 795 students, 48% FRL); Harmony High School (math 40% / reading 46%, grade F, #255 of 667 statewide, top 39%, 2,822 students, 42% FRL) — zoned schools average 45% FRL vs 60% district-wide (15 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents rising (+3.0%/yr); 1394 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 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.

Negotiation context

• It's been on market 180 days — a 12% lower offer ($149k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $30k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $95k; list at $169k implies a 78% 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→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $148,720 (12.0% 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 180 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
3. Built in 1966 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.08% ✓
• Cap rate: 8.69%
• Cash-on-cash: 8.55%
• DSCR: 1.38
• GRM: 7.7

CMA / ARV

• ARV (on-the-fly): $149,760
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1640 Flounder St	0.03mi	2/1.0	670 (-7%)	8mo	$139,500	$208	79

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 · 3.02% rent growth · sell at horizon

5-year hold

• IRR: -19.8%
• Equity multiple: 0.31×
• Total profit: $-32,784
• Equity at exit: $25,198

10-year hold

• IRR: -12.3%
• Equity multiple: 0.27×
• Total profit: $-34,694
• Equity at exit: $14,612

Cash invested: $47,320 (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 34771

• Home prices YoY: -30.0%
• Rents YoY: 3.0%
• Active inventory: 1394
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $1,829 medium
• Mortgage (P&I): −$886
• Tax from tax record: −$151 /mo · $1,815/yr
• Insurance: −$70
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$384
• Net cashflow: $-89

Break-even live

Break-even rent $1,942

Max offer price $153,222

Occupancy floor 100%

Sensitivity live

Price	-10% $6	-5% $-41	+0% $-89	+5% $-137	+10% $-185
Rent	-10% $-234	-5% $-162	+0% $-89	+5% $-17	+10% $55
Rate	-1.0pp $-4	-0.5pp $-46	base $-89	+0.5pp $-133	+1.0pp $-178

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: $42,250
• Closing costs: $5,070
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2015 Iorio St Unit A St Cloud, FL	1.0	1.0	500	$1,450	$2.90	23d	1	1.29mi

Listing history 24 events

1. 2026-06-21
   days on market $169,000 Active 180 DOM
2. 2026-06-18
   days on market $169,000 Active 177 DOM
3. 2026-06-17
   days on market $169,000 Active 176 DOM
4. 2026-06-16
   days on market $169,000 Active 175 DOM
5. 2026-06-15
   days on market $169,000 Active 174 DOM
6. 2026-06-13
   days on market $169,000 Active 172 DOM
7. 2026-06-13
   days on market $169,000 Active 171 DOM
8. 2026-06-10
   days on market $169,000 Active 168 DOM
9. 2026-06-08
   days on market $169,000 Active 167 DOM
10. 2026-06-07
    days on market $169,000 Active 166 DOM
11. 2026-06-04
    days on market $169,000 Active 163 DOM
12. 2026-06-03
    days on market $169,000 Active 162 DOM
13. 2026-06-02
    days on market $169,000 Active 161 DOM
14. 2026-06-02
    days on market $169,000 Active 160 DOM
15. 2026-05-31
    days on market $169,000 Active 159 DOM
16. 2026-04-20
    price $169,000
17. 2026-01-12
    price $189,000
18. 2025-12-23
    listed $199,500 Active
19. 2025-04-07
    soldstatus $95,000 Closed 778-char remark

    Show marketing remark (778 chars)

    Attention investors and snowbirds! This 2 bedroom 1.5 bathroom home can be your winter retreat or add it to your rental portfolio. NO HOA! Located just over a mile away from the Trout Lake boat ramp on the Alligator Chain of Lakes. The huge front porch/Florida room is screened with vinyl windows and overlooks the shady front yard. There are two entrances from the porch inside, one into the living room and the other in the hallway near the primary bedroom. The kitchen has a eating space and extra cabinets. The second bedroom has it's own half bath. There is a storage shed out back and two producing orange trees. This home is being sold furnished with all appliances, ready for you to put your personal touch on it and make it your own. CASH ONLY due to age of the home.

20. 2025-04-07
    soldstatus $95,000

    Show marketing remark (778 chars)

    Attention investors and snowbirds! This 2 bedroom 1.5 bathroom home can be your winter retreat or add it to your rental portfolio. NO HOA! Located just over a mile away from the Trout Lake boat ramp on the Alligator Chain of Lakes. The huge front porch/Florida room is screened with vinyl windows and overlooks the shady front yard. There are two entrances from the porch inside, one into the living room and the other in the hallway near the primary bedroom. The kitchen has a eating space and extra cabinets. The second bedroom has it's own half bath. There is a storage shed out back and two producing orange trees. This home is being sold furnished with all appliances, ready for you to put your personal touch on it and make it your own. CASH ONLY due to age of the home.

21. 2025-03-24
    status Pending 778-char remark

    Show marketing remark (778 chars)

    Attention investors and snowbirds! This 2 bedroom 1.5 bathroom home can be your winter retreat or add it to your rental portfolio. NO HOA! Located just over a mile away from the Trout Lake boat ramp on the Alligator Chain of Lakes. The huge front porch/Florida room is screened with vinyl windows and overlooks the shady front yard. There are two entrances from the porch inside, one into the living room and the other in the hallway near the primary bedroom. The kitchen has a eating space and extra cabinets. The second bedroom has it's own half bath. There is a storage shed out back and two producing orange trees. This home is being sold furnished with all appliances, ready for you to put your personal touch on it and make it your own. CASH ONLY due to age of the home.

22. 2025-03-10
    listed $119,000 Active 778-char remark

    Show marketing remark (778 chars)

    Attention investors and snowbirds! This 2 bedroom 1.5 bathroom home can be your winter retreat or add it to your rental portfolio. NO HOA! Located just over a mile away from the Trout Lake boat ramp on the Alligator Chain of Lakes. The huge front porch/Florida room is screened with vinyl windows and overlooks the shady front yard. There are two entrances from the porch inside, one into the living room and the other in the hallway near the primary bedroom. The kitchen has a eating space and extra cabinets. The second bedroom has it's own half bath. There is a storage shed out back and two producing orange trees. This home is being sold furnished with all appliances, ready for you to put your personal touch on it and make it your own. CASH ONLY due to age of the home.

23. 1988-03-01
    soldstatus $32,000
24. 1978-06-01
    soldstatus $20,000

ⓘ 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: $1,815 · $151/mo
• Projected year-2 tax: $1,815 · $151/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone AE · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 9/10 Extreme 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 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,951
• − Mortgage interest: −$9,467
• − Property taxes: −$1,815
• − Insurance: −$5,964
• − Repairs & maintenance: −$1,756
• − Management: −$1,756
• − Depreciation: −$4,916
• Taxable loss: −$3,722
• Est. tax savings @ 24.0%: +$893
• After-tax cash flow: $-178/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

• County: Osceola County · 410,217 people
• City population: 29,247
• Metro: Orlando-Kissimmee-Sanford, FL
• Population (ZIP): 35,257
• Household income: $97,415
• Rent vs Own: 15.0% rent · 85.0% own
• Severe rent burden: 338.0

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 45% Hispanic / Latino 41% Two or more races 20% Black 9% Asian 2%
• Hispanic origin (detail): Mexican 3% Puerto Rican 26% Cuban 2% Dominican 4%
• Common ancestry: Slovak 2% Romanian 2% Lithuanian 1%
• Foreign-born: 14% · Canada, Jamaica
• Languages at home: 64% English-only · Spanish 33% Other Indo-European 3%

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: ▼ -124.44%
• Current HPI: 290.3095
• Rent YoY: ▲ 3.02%
• 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

+745.0% since first listed

9 events — show timeline

• 2026-04-20 Price Changed $169,000 Stellar MLS as Distributed by MLS Grid
• 2026-01-12 Price Changed $189,000 Stellar MLS as Distributed by MLS Grid
• 2025-12-23 Listed $199,500 Stellar MLS as Distributed by MLS Grid
• 2025-04-07 Sold (Public Records) $95,000 Public Records
• 2025-04-07 Sold (MLS) $95,000 Stellar MLS as Distributed by MLS Grid
• 2025-03-24 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-03-10 Listed $119,000 Stellar MLS as Distributed by MLS Grid
• 1988-03-01 Sold (Public Records) $32,000 Public Records
• 1978-06-01 Sold (Public Records) $20,000 Public Records

Property tax history

+6.0%/yr

Latest (2025): $1,815 · +9.3% YoY. Source: county tax records.