5018 Strada Dr · Eagle Lake, FL 33880

$220,000

4 bd · 2.0 ba · 3,020 sqft · SingleFamily public records · 160 Days on market

Built 2004 10,663 sqft lot $13/mo HOA · 1% of rent ↓ 12% since listing

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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 +17.5/30.0
• ARV discount +7.5/15.0
• 1% rule +5.6/10.0
• DSCR +5.5/10.0
• Livability +3.9/5.0
• Schools +3.5/10.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This inspiring 2 story, three-car garage house features 4 bedrooms, 2 1/2 baths with a bonus room that could be 5th bedroom. As you enter the home you will be greeted with a story foyer and an open flex space. The half bath and bonus room are to your right. There is a sprawling great room with a breakfast nook and kitchen. The kitchen has an island and plenty of cabinets and counter space. Granite counter tops, stainless steel appliances and walk-in-pantries. The lanai provides a great space for entertaining for those summer cookouts. Upstairs are four spacious bedrooms and a loft that can be a 6th bedroom. The master suite combines a bathroom with a garden tub, dual sinks and a separate shower stall and his and hers walk-in-closets. Plenty for everyone with lots of storage. Superb location between Winter Haven, Bartow and Lakeland.

Key facts

• Corner unit
• 0.24 acre lot
• 3 garage spots

Tags

• CORNER UNIT

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $220k.

Deal economics

• At list price, monthly cash flow is $170 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $220k).
• Recommended offer: $194k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 77/100 on livability (#196 in FL, #3,096 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: 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.
• Zoned schools: Eagle Lake Elementary School (math 49% / reading 40%, grade F, #1,288 of 2,144 statewide, top 62%, 697 students, 59% FRL); Westwood Middle School (math 19% / reading 26%, grade F, #546 of 571 statewide, top 96%, 878 students, 70% FRL); Lake Region High School (math 14% / reading 22%, grade F, #570 of 667 statewide, top 86%, 1,545 students, 61% FRL) — zoned schools at 64% FRL track the district average.
• Zoned-school proficiency averages 28% at this address vs 41% district-wide (-13 pts) — the specific schools serving this property underperform the Polk average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising (+2.5%/yr); 345 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 10,384 units permitted in Polk County in 2024 (1,716 in 5+ unit buildings).
• At $2,329/mo this rent would consume 50% of the median local household income ($56k/yr) (locally 1412% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

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.
• 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 160 days — a 12% lower offer ($194k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 19y ago; this cycle's ask has dropped $95k (30%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $193,600 (12.0% below list)

Questions for the listing agent

1. It's been on market 160 days. Have you received any prior offers? Is the seller open to a 12% 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. 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?
6. 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?
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: 1.06% ✓
• Cap rate: 7.22%
• Cash-on-cash: 3.31%
• DSCR: 1.15
• GRM: 7.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.47% rent growth · sell at horizon

5-year hold

• IRR: -11.7%
• Equity multiple: 0.58×
• Total profit: $-25,926
• Equity at exit: $32,803

10-year hold

• IRR: -3.3%
• Equity multiple: 0.79×
• Total profit: $-13,127
• Equity at exit: $19,022

Cash invested: $61,600 (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 33880

• Home prices YoY: -16.2%
• Rents YoY: 2.5%
• Active inventory: 345
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $2,329 medium
• Mortgage (P&I): −$1,154
• Tax from tax record: −$412 /mo · $4,939/yr
• Insurance: −$92
• HOA: −$13
• Vacancy / Maint / Mgmt: −$489
• Net cashflow: $170

Break-even live

Break-even rent $2,114

Max offer price $220,000

Occupancy floor 88%

Sensitivity live

Price	-10% $295	-5% $232	+0% $170	+5% $108	+10% $46
Rent	-10% $-14	-5% $78	+0% $170	+5% $262	+10% $354
Rate	-1.0pp $281	-0.5pp $226	base $170	+0.5pp $113	+1.0pp $55

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: $55,000
• Closing costs: $6,600
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3958 Warbler Dr Winter Haven, FL	4.0	2.0	2250	$2,095	$0.93	25d	1	0.50mi
3808 McKinley Dr Winter Haven, FL	4.0	2.0	2101	$2,116	$1.01	5d	1	0.55mi

HOA detail

• Monthly dues: $13 · $156/yr

Listing history 32 events

1. 2025-10-01
   price $220,000
2. 2025-09-29
   status Pending
3. 2025-09-04
   price $245,000
4. 2025-08-11
   price $265,000
5. 2025-07-11
   status Active
6. 2025-07-11
   price $275,000
7. 2025-05-03
   status Pending
8. 2025-05-03
   price $252,000
9. 2025-04-15
   price $275,000
10. 2025-04-15
    status Active
11. 2025-01-14
    status Pending
12. 2025-01-14
    price $252,000
13. 2024-12-18
    price $299,000
14. 2024-11-13
    listed $315,000 Active
15. 2022-03-21
    soldstatus $385,000
16. 2022-03-18
    soldstatus $385,000 Closed 844-char remark

    Show marketing remark (844 chars)

    This inspiring 2 story, three-car garage house features 4 bedrooms, 2 1/2 baths with a bonus room that could be 5th bedroom. As you enter the home you will be greeted with a story foyer and an open flex space. The half bath and bonus room are to your right. There is a sprawling great room with a breakfast nook and kitchen. The kitchen has an island and plenty of cabinets and counter space. Granite counter tops, stainless steel appliances and walk-in-pantries. The lanai provides a great space for entertaining for those summer cookouts. Upstairs are four spacious bedrooms and a loft that can be a 6th bedroom. The master suite combines a bathroom with a garden tub, dual sinks and a separate shower stall and his and hers walk-in-closets. Plenty for everyone with lots of storage. Superb location between Winter Haven, Bartow and Lakeland.

17. 2022-02-03
    price $2,520
18. 2022-01-19
    status Pending 844-char remark

    Show marketing remark (844 chars)

    This inspiring 2 story, three-car garage house features 4 bedrooms, 2 1/2 baths with a bonus room that could be 5th bedroom. As you enter the home you will be greeted with a story foyer and an open flex space. The half bath and bonus room are to your right. There is a sprawling great room with a breakfast nook and kitchen. The kitchen has an island and plenty of cabinets and counter space. Granite counter tops, stainless steel appliances and walk-in-pantries. The lanai provides a great space for entertaining for those summer cookouts. Upstairs are four spacious bedrooms and a loft that can be a 6th bedroom. The master suite combines a bathroom with a garden tub, dual sinks and a separate shower stall and his and hers walk-in-closets. Plenty for everyone with lots of storage. Superb location between Winter Haven, Bartow and Lakeland.

19. 2021-09-29
    listed $400,000 Active 844-char remark

    Show marketing remark (844 chars)

    This inspiring 2 story, three-car garage house features 4 bedrooms, 2 1/2 baths with a bonus room that could be 5th bedroom. As you enter the home you will be greeted with a story foyer and an open flex space. The half bath and bonus room are to your right. There is a sprawling great room with a breakfast nook and kitchen. The kitchen has an island and plenty of cabinets and counter space. Granite counter tops, stainless steel appliances and walk-in-pantries. The lanai provides a great space for entertaining for those summer cookouts. Upstairs are four spacious bedrooms and a loft that can be a 6th bedroom. The master suite combines a bathroom with a garden tub, dual sinks and a separate shower stall and his and hers walk-in-closets. Plenty for everyone with lots of storage. Superb location between Winter Haven, Bartow and Lakeland.

20. 2014-12-18
    soldstatus $127,000 Sold 221-char remark

    Show marketing remark (221 chars)

    HUGE house with a 3 BAY GARAGE! Lots of room, with bonus room that could be 5th bedroom. 6 foot privacy fence on oversized corner lot. Superb location between Winter Haven, Bartow and Lakeland. Dual zone air conditioners.

21. 2014-11-21
    status Pending 221-char remark

    Show marketing remark (221 chars)

    HUGE house with a 3 BAY GARAGE! Lots of room, with bonus room that could be 5th bedroom. 6 foot privacy fence on oversized corner lot. Superb location between Winter Haven, Bartow and Lakeland. Dual zone air conditioners.

22. 2014-10-27
    price $129,900 221-char remark

    Show marketing remark (221 chars)

    HUGE house with a 3 BAY GARAGE! Lots of room, with bonus room that could be 5th bedroom. 6 foot privacy fence on oversized corner lot. Superb location between Winter Haven, Bartow and Lakeland. Dual zone air conditioners.

23. 2014-10-24
    status Active 221-char remark

    Show marketing remark (221 chars)

    HUGE house with a 3 BAY GARAGE! Lots of room, with bonus room that could be 5th bedroom. 6 foot privacy fence on oversized corner lot. Superb location between Winter Haven, Bartow and Lakeland. Dual zone air conditioners.

24. 2014-10-18
    status Pending 221-char remark

    Show marketing remark (221 chars)

    HUGE house with a 3 BAY GARAGE! Lots of room, with bonus room that could be 5th bedroom. 6 foot privacy fence on oversized corner lot. Superb location between Winter Haven, Bartow and Lakeland. Dual zone air conditioners.

25. 2014-10-07
    listed $134,900 Active 221-char remark

    Show marketing remark (221 chars)

    HUGE house with a 3 BAY GARAGE! Lots of room, with bonus room that could be 5th bedroom. 6 foot privacy fence on oversized corner lot. Superb location between Winter Haven, Bartow and Lakeland. Dual zone air conditioners.

26. 2011-09-04
    historical
27. 2010-11-19
    listed $100,000
28. 2010-09-03
    historical
29. 2010-03-11
    listed $149,000
30. 2008-03-14
    soldstatus $232,000
31. 2008-02-29
    soldstatus $232,000
32. 2007-09-01
    listed $249,900

ⓘ 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: $4,939 · $412/mo
• Projected year-2 tax: $4,939 · $412/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 X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 8/10 Severe 7 d/yr ≥107°F today · 24 d/yr by 30 yrs out
• 💨 Wind 9/10 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: $27,950
• − Mortgage interest: −$12,323
• − Property taxes: −$4,939
• − Insurance: −$1,100
• − Repairs & maintenance: −$2,236
• − Management: −$2,236
• − HOA: −$156
• − Depreciation: −$6,400
• Taxable loss: −$1,441
• Est. tax savings @ 24.0%: +$346
• After-tax cash flow: $2,387/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 — Eagle Lake

• Score: 77/100
• State rank: #196
• US rank: #3096

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Polk County · 740,051 people
• Metro: Lakeland-Winter Haven, FL
• Population (ZIP): 43,371
• Household income: $56,390
• Rent vs Own: 33.4% rent · 66.6% own
• Severe rent burden: 1412.0

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 0.65)
• Race & ethnicity: White 49% Hispanic / Latino 27% Black 17% Two or more races 14% Asian 1%
• Hispanic origin (detail): Mexican 11% Puerto Rican 10% Cuban 2%
• Common ancestry: Hispanic 2% Lithuanian 1% Italian 1%
• Foreign-born: 9% · Canada, Jamaica
• Languages at home: 74% English-only · Spanish 21% French/Haitian/Cajun 4%

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: ▼ -61.41%
• Current HPI: 317.8788
• Rent YoY: ▲ 2.47%
• 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

-12.0% since first listed

32 events — show timeline

• 2025-10-01 Price Changed $220,000 Stellar MLS as Distributed by MLS Grid
• 2025-09-29 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-09-04 Price Changed $245,000 Stellar MLS as Distributed by MLS Grid
• 2025-08-11 Price Changed $265,000 Stellar MLS as Distributed by MLS Grid
• 2025-07-11 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-07-11 Price Changed $275,000 Stellar MLS as Distributed by MLS Grid
• 2025-05-03 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-05-03 Price Changed $252,000 Stellar MLS as Distributed by MLS Grid
• 2025-04-15 Price Changed $275,000 Stellar MLS as Distributed by MLS Grid
• 2025-04-15 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-01-14 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-01-14 Price Changed $252,000 Stellar MLS as Distributed by MLS Grid
• 2024-12-18 Price Changed $299,000 Stellar MLS as Distributed by MLS Grid
• 2024-11-13 Listed $315,000 Stellar MLS as Distributed by MLS Grid
• 2022-03-21 Sold (Public Records) $385,000 Public Records
• 2022-03-18 Sold (MLS) $385,000 Stellar MLS as Distributed by MLS Grid
• 2022-02-03 Price Changed $2,520 RENT.
• 2022-01-19 Pending — Stellar MLS as Distributed by MLS Grid
• 2021-09-29 Listed $400,000 Stellar MLS as Distributed by MLS Grid
• 2014-12-18 Sold (MLS) $127,000 Stellar MLS as Distributed by MLS Grid
• 2014-11-21 Pending — Stellar MLS as Distributed by MLS Grid
• 2014-10-27 Price Changed $129,900 Stellar MLS as Distributed by MLS Grid
• 2014-10-24 Relisted — Stellar MLS as Distributed by MLS Grid
• 2014-10-18 Pending — Stellar MLS as Distributed by MLS Grid
• 2014-10-07 Listed $134,900 Stellar MLS as Distributed by MLS Grid
• 2011-09-04 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2010-11-19 Listed $100,000 Stellar MLS as Distributed by MLS Grid
• 2010-09-03 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2010-03-11 Listed $149,000 Stellar MLS as Distributed by MLS Grid
• 2008-03-14 Sold (Public Records) $232,000 Public Records
• 2008-02-29 Sold (MLS) $232,000 Stellar MLS as Distributed by MLS Grid
• 2007-09-01 Listed $249,900 Stellar MLS as Distributed by MLS Grid

Property tax history

+14.7%/yr

Latest (2025): $4,939 · +5.7% YoY. Source: county tax records.