3772 Walker Shores Dr · Alturas, FL 33830

$194,500

3 bd · 2.0 ba · 1,296 sqft · Manufactured public records · 15 Days on market

Built 1998 0.97 ac lot

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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 +22.2/30.0
• ARV discount +7.5/15.0
• DSCR +7.1/10.0
• 1% rule +5.1/10.0
• Schools +3.5/10.0
• Rent growth +3.2/5.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Nice 1998 Manufactured home on a . 97 Acre fenced lot. Home is in a great location right across the street from Lake Walker. Home has 1,296 SF of living area, 3 bedrooms & 2 baths, nook in kitchen, new carpet, new vinyl and new paint thru-out. Also has a new roof, new AC and a Pole barn in the backyard. Home is "Move-in Ready!"

Key facts

• Large soaking tub
• Open breakfast nook
• Laminate countertops

Tags

• CORNER CUL-DE-SAC LOT
• LAMINATE COUNTERTOPS
• SVL FLOORING
• OPEN BREAKFAST NOOK
• BUILT-IN STORAGE
• LARGE SOAKING TUB

Property features AI

Finance

• Other: Homestead exempt; Property type: Residential manufactured home; Lot size about 0.97 acres (approximately 1/2 to less than 1 acre); Directions available

Exterior

• Parking: Carport with 2 spaces
• Utilities: Public water (connected/available); Public sewer (connected/available)
• Home design: Manufactured single wide home; One level; Home faces north; Crawlspace foundation with pillar/post/pier
• Construction: Vinyl siding with frame construction; Shingle roof; Built on crawlspace/pillar-post-pier foundation; Built area about 1,296 square feet
• Exterior features: Deck; Patio; Porch; Outdoor grill; Exterior lighting; Storage; Shed(s); Barn(s); Pole barn; Wood fencing; Cleared, level, oversized lot; Unpaved/dirt road access; In county location

Interior

• Kitchen: Range; Microwave; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air
• Interior features: Built-in features; Ceiling fans; Eat-in kitchen; Living room/dining room combo; Open floorplan; Split bedroom layout; Thermostat; Walk-in closet(s); Window treatments; Water filtration system; Water softener; Electric water heater; Exhaust fan
• Laundry & utility: Washer hookup; Dryer hookup (electric); Inside laundry room; Storage rooms; Inside utility

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $194k.

Deal economics

• At list price, monthly cash flow is $315 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $194k).
• Recommended offer: $192k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 64/100 on livability (#678 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A; Watch: schools C-, amenities F, commute F.
• Polk (suburban): math 39% / reading 43% proficiency, ranked #62 of 73 in FL (top 85%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+2.7%/yr); 386 active listings in the ZIP; 10,384 units permitted in Polk County in 2024 (1,716 in 5+ unit buildings).
• This rent runs 37% of the median local income ($64k/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.
• Polk County population projected at +33% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 15 days — a 2% lower offer ($192k) is reasonable based on typical stale-listing flexibility.
• 3 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.
• Current owner paid $121k; list at $194k implies a 61% 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; major wildfire risk; extreme-heat days projected 7→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $191,582 (1.5% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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.
3. 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.
4. 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: 1.01% ✓
• Cap rate: 8.24%
• Cash-on-cash: 6.94%
• DSCR: 1.31
• GRM: 8.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.72% rent growth · sell at horizon

5-year hold

• IRR: -6.0%
• Equity multiple: 0.78×
• Total profit: $-12,037
• Equity at exit: $29,001

10-year hold

• IRR: 3.3%
• Equity multiple: 1.24×
• Total profit: $12,955
• Equity at exit: $16,817

Cash invested: $54,460 (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 33830

• Home prices YoY: -19.8%
• Rents YoY: 2.7%
• Active inventory: 386
• Price-to-rent: 8.3×

Monthly cashflow live

• Estimated rent: $1,958 medium
• Mortgage (P&I): −$1,020
• Tax from tax record: −$130 /mo · $1,564/yr
• Insurance: −$81
• HOA: −$0
• Vacancy / Maint / Mgmt: −$411
• Net cashflow: $315

Break-even live

Break-even rent $1,559

Max offer price $194,500

Occupancy floor 79%

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: $48,625
• Closing costs: $5,835
• Reserves months: —
• Total cash needed: —

Listing history 11 events

1. 2026-06-18
   days on market $194,500 Active 15 DOM
2. 2026-06-17
   days on market $194,500 Active 14 DOM
3. 2026-06-16
   days on market $194,500 Active 13 DOM
4. 2026-06-15
   days on market $194,500 Active 12 DOM
5. 2026-06-13
   statusdays on market $194,500 Active 10 DOM
6. 2026-06-08
   statusdays on market $194,500 Pending 7 DOM
7. 2026-06-07
   days on market $194,500 Active 6 DOM
8. 2026-06-05
   days on market $194,500 Active 3 DOM
9. 2026-06-03
   days on market $194,500 Active 2 DOM
10. 2026-06-02
    remarks 699-char remark
11. 2026-06-02
    listed $194,500 Active 1 DOM

ⓘ 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: $1,564 · $130/mo
• Projected year-2 tax: $1,614 · $135/mo
• Expected delta: +$50/yr (+$4/mo · 3.2%)

ⓘ 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 7 d/yr ≥108°F today · 26 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,491
• − Mortgage interest: −$10,895
• − Property taxes: −$1,564
• − Insurance: −$972
• − Repairs & maintenance: −$1,879
• − Management: −$1,879
• − Depreciation: −$5,658
• Taxable income: $642
• Est. tax owed @ 24.0%: −$154
• After-tax cash flow: $3,627/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: Polk
• NCES district ID: 1201590
• Math proficiency: 39% ▼ -11.00%
• Reading proficiency: 43% ▼ -4.00%
• Median HH income: $43,979
• Composite: 34.74/100
• National rank: #5132
• State rank: #62 of 73 in FL

Livability — Alturas

• Score: 64/100
• State rank: #678
• US rank: #14100

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Alturas, FL
• County: Polk County · 740,051 people
• Metro: Lakeland-Winter Haven, FL
• Population (ZIP): 33,740
• Household income: $63,918
• Rent vs Own: 31.1% rent · 68.9% own
• Severe rent burden: 681.0

Population outlook (Polk County) Hauer SSP2

• Today (2025): 752,975 people
• By 2030: 804,621 · +6.9%
• By 2040: 906,117 · +20.3%
• By 2050: 1,000,476 · +32.9%
• By 2075: 1,197,520 · +59.0%
• By 2100: 1,271,518 · +68.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.62)
• Race & ethnicity: White 55% Hispanic / Latino 22% Black 18% Two or more races 13% Asian 2%
• Hispanic origin (detail): Mexican 13% Puerto Rican 5%
• Common ancestry: Italian 3% Slovak 1% Lithuanian 1%
• Foreign-born: 8% · Canada
• Languages at home: 81% English-only · Spanish 17% Other Indo-European 1% Other Asian/Pacific 1%

Political lean MEDSL · Polk

• 2024 margin: Strong R (+20.7) · D 39.2% · R 59.9%
• 2008→2024 swing: -14.6pp toward R · 2008: -6.1pp · 2024: -20.7pp
• All cycles: 2024: R+20.7 2020: R+14.4 2016: R+14.1 2012: R+6.8 2008: R+6.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -82.47%
• Current HPI: 333.3392
• Rent YoY: ▲ 2.72%
• Metro: Lakeland-Winter Haven, 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

+1396.2% since first listed

10 events — show timeline

• 2026-06-01 Listed $194,500 Stellar MLS as Distributed by MLS Grid
• 2020-10-02 Sold (Public Records) $121,000 Public Records
• 2020-10-02 Sold (MLS) $121,000 Stellar MLS as Distributed by MLS Grid
• 2020-06-08 Pending — Stellar MLS as Distributed by MLS Grid
• 2020-05-29 Listed $124,900 Stellar MLS as Distributed by MLS Grid
• 2020-02-18 Sold (Public Records) $50,000 Public Records
• 2010-05-24 Sold (Public Records) $48,600 Public Records
• 2010-05-18 Sold (MLS) $48,600 Stellar MLS as Distributed by MLS Grid
• 2009-08-27 Listed $50,000 Stellar MLS as Distributed by MLS Grid
• 1998-05-01 Sold (Public Records) $13,000 Public Records

Property tax history

+6.9%/yr

Latest (2025): $1,564 · +11.1% YoY. Source: county tax records.