214 Canova Dr · Auburndale, FL 33823

$139,500

3 bd · 2.0 ba · 1,536 sqft · Manufactured public records · 76 Days on market

Built 1978 6,090 sqft lot

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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 +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +8.9/10.0
• ARV discount +7.5/15.0
• Livability +4.2/5.0
• Schools +3.5/10.0
• Rent growth +3.3/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Seller may be willing to hold financing on this feature-filled property! 3 BR (or 4) 2 BA split-plan home has 12x16 all-season rm, inside laundry, 12x54 CB wkshop/storage bldg & carport. Breakfast bar in kit. Mstr BA has garden tub & shower. Handicapped accessLovely, affordable home with lots of room and so many possibilities.

Key facts

• Separate dining room
• Huge living room
• New septic system

Tags

• HUGE LIVING ROOM
• SEPARATE DINING ROOM
• INSIDE LAUNDRY ROOM
• ENCLOSED PORCH
• NEW HVAC UNIT
• NEW SEPTIC SYSTEM

Property features AI

Finance

• Other: Lot approximately 0.14 acre (60 x 102); Approximately 1,536 sq ft living area; Building area total approximately 1,986 sq ft; Unfurnished; No lease restrictions indicated; Zoning: R-3; 1 septic system
• HOA & community: No association indicated

Exterior

• Parking: Carport (1 space)
• Utilities: Public water; Septic tank; Electricity connected; Water connected
• Home design: Manufactured home (double wide); One story; Faces west; Residential property
• Construction: Vinyl siding; Membrane and shingle roof; Crawlspace foundation; Made by Fleetcraft
• Exterior features: Private mailbox; Storage; Workshop; Oak trees on the lot; Paved road access

Interior

• Kitchen: Built-in oven; Cooktop; Dishwasher; Microwave; Refrigerator; Electric water heater
• Bedrooms: 3 bedrooms
• Flooring: Carpet
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Built-in features; Walk-in closets; Bonus room; Inside utility; Storage rooms
• Laundry & utility: Laundry room inside

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $140k.

Deal economics

• At list price, monthly cash flow is $589 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $140k).
• Recommended offer: $131k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 83/100 on livability (#48 in FL, #905 nationally) — a professional / high-income tenant draw. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities C-, commute C-.
• 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 (+3.2%/yr); 476 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 10,384 units permitted in Polk County in 2024 (1,716 in 5+ unit buildings).
• This rent runs 32% of the median local income ($71k/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 $964 of loan paydown is wiped out by about $4k 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.
• At projected returns (-3.0% appreciation + 3.2% rent growth), your $39k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 76 days — a 6% lower offer ($131k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 19y ago; this cycle's ask has dropped $20k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $34k; list at $140k implies a 311% 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 $131,130 (6.0% below list)

Questions for the listing agent

1. It's been on market 76 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1978 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 1.39% ✓
• Cap rate: 11.36%
• Cash-on-cash: 18.10%
• DSCR: 1.81
• GRM: 6.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.18% rent growth · sell at horizon

5-year hold

• IRR: 9.9%
• Equity multiple: 1.39×
• Total profit: $15,287
• Equity at exit: $20,800

10-year hold

• IRR: 19.2%
• Equity multiple: 2.62×
• Total profit: $63,135
• Equity at exit: $12,061

Cash invested: $39,060 (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 33823

• Home prices YoY: -24.5%
• Rents YoY: 3.2%
• Active inventory: 476
• Price-to-rent: 6.0×

Monthly cashflow live

• Estimated rent: $1,934 high
• Mortgage (P&I): −$732
• Tax from tax record: −$149 /mo · $1,786/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$406
• Net cashflow: $589

Break-even live

Break-even rent $1,188

Max offer price $139,500

Occupancy floor 65%

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: $34,875
• Closing costs: $4,185
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
609 Marianna Rd Auburndale, FL	3.0	2.0	1187	$1,730	$1.46	23d	1	0.10mi
149 Jana Cir Auburndale, FL	3.0	2.0	1352	$1,650	$1.22	23d	1	0.19mi
4824 Osprey Way Winter Haven, FL	3.0	2.0	1621	$1,950	$1.20	23d	1	0.46mi
2068 Babbling Brook Blvd Auburndale, FL	4.0	3.0	2106	$2,600	$1.23	23d	1	0.92mi
192 Julie Ln Auburndale, FL	3.0	2.0	1125	$1,650	$1.47	23d	1	1.17mi
53 Sunset Cir Lake Alfred, FL	2.0	1.0	1176	$1,100	$0.94	3d	1	1.19mi
1305 Carr Dr Auburndale, FL	3.0	2.0	1505	$1,800	$1.20	23d	1	1.46mi

Listing history 23 events

1. 2026-06-18
   days on market $139,500 Active 76 DOM
2. 2026-06-17
   days on market $139,500 Active 75 DOM
3. 2026-06-16
   days on market $139,500 Active 74 DOM
4. 2026-06-15
   days on market $139,500 Active 73 DOM
5. 2026-06-13
   days on market $139,500 Active 71 DOM
6. 2026-06-10
   days on market $139,500 Active 68 DOM
7. 2026-06-09
   days on market $139,500 Active 67 DOM
8. 2026-06-08
   days on market $139,500 Active 66 DOM
9. 2026-06-07
   days on market $139,500 Active 65 DOM
10. 2026-06-05
    days on market $139,500 Active 62 DOM
11. 2026-06-03
    days on market $139,500 Active 61 DOM
12. 2026-06-03
    days on market $139,500 Active 60 DOM
13. 2026-06-01
    days on market $139,500 Active 59 DOM
14. 2026-05-31
    pricestatusdays on market $139,500 Active 58 DOM
15. 2026-04-08
    price $143,000
16. 2026-04-08
    status Active
17. 2026-04-02
    status Pending
18. 2026-03-24
    listed $160,000 Active
19. 2021-04-30
    historical 339-char remark

    Show marketing remark (339 chars)

    Seller may be willing to hold financing on this feature-filled property! 3 BR (or 4) 2 BA split-plan home has 12x16 all-season rm, inside laundry, 12x54 CB wkshop/storage bldg & carport. Breakfast bar in kit. Mstr BA has garden tub & shower. Handicapped accessLovely, affordable home with lots of room and so many possibilities.

20. 2008-04-03
    listed $90,000 339-char remark

    Show marketing remark (339 chars)

    Seller may be willing to hold financing on this feature-filled property! 3 BR (or 4) 2 BA split-plan home has 12x16 all-season rm, inside laundry, 12x54 CB wkshop/storage bldg & carport. Breakfast bar in kit. Mstr BA has garden tub & shower. Handicapped accessLovely, affordable home with lots of room and so many possibilities.

21. 2007-08-17
    soldstatus $33,950 578-char remark

    Show marketing remark (578 chars)

    Its going to take someone handy to remodel this double-wide. Great split bedroom plan with inside utility room. Some left-over hurricane damage on the Florida room ceiling. Carpets & flooring need replacing. Investors are welcome to make an offer. Extra parking room for a boat or RV. Workshop in the rear has great potential. There is a handicapped ramp to the back porch door, and the master bedroom was handicapped accessible. The carport & handicapped van do not stay. This is a great opportunity toremodel this into a lovely family home for an affordable price.

22. 2007-06-28
    listed $49,900 578-char remark

    Show marketing remark (578 chars)

    Its going to take someone handy to remodel this double-wide. Great split bedroom plan with inside utility room. Some left-over hurricane damage on the Florida room ceiling. Carpets & flooring need replacing. Investors are welcome to make an offer. Extra parking room for a boat or RV. Workshop in the rear has great potential. There is a handicapped ramp to the back porch door, and the master bedroom was handicapped accessible. The carport & handicapped van do not stay. This is a great opportunity toremodel this into a lovely family home for an affordable price.

23. 2002-09-05
    soldstatus $48,000

ⓘ 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: $1,786 · $149/mo
• Projected year-2 tax: $1,786 · $149/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 2/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥107°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 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,206
• − Mortgage interest: −$7,814
• − Property taxes: −$1,786
• − Insurance: −$698
• − Repairs & maintenance: −$1,857
• − Management: −$1,857
• − Depreciation: −$4,058
• Taxable income: $5,137
• Est. tax owed @ 24.0%: −$1,233
• After-tax cash flow: $5,838/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 — Auburndale

• Score: 83/100
• State rank: #48
• US rank: #905

Category grades

Amenities C- Commute C- Cost of living A+ Crime C+ 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
• City population: 41,779
• Metro: Lakeland-Winter Haven, FL
• Population (ZIP): 41,779
• Household income: $71,485
• Rent vs Own: 24.8% rent · 75.2% own
• Severe rent burden: 821.0

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: Predominantly White (65%)
• Race & ethnicity: White 65% Hispanic / Latino 19% Black 13% Two or more races 6% Asian 2%
• Hispanic origin (detail): Mexican 7% Puerto Rican 7% Cuban 1%
• Common ancestry: Hispanic 3% Lithuanian 2% Romanian 1%
• Foreign-born: 10% · Canada, Jamaica, Philippines
• Languages at home: 79% English-only · Spanish 15% French/Haitian/Cajun 3% Other Indo-European 2%

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: ▼ -102.70%
• Current HPI: 316.9436
• Rent YoY: ▲ 3.18%
• 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

+197.9% since first listed

9 events — show timeline

• 2026-04-08 Price Changed $143,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-08 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-04-02 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-03-24 Listed $160,000 Stellar MLS as Distributed by MLS Grid
• 2021-04-30 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2008-04-03 Listed $90,000 Stellar MLS as Distributed by MLS Grid
• 2007-08-17 Sold (MLS) $33,950 Stellar MLS as Distributed by MLS Grid
• 2007-06-28 Listed $49,900 Stellar MLS as Distributed by MLS Grid
• 2002-09-05 Sold (Public Records) $48,000 Public Records

Property tax history

+12.5%/yr

Latest (2025): $1,786 · +11.8% YoY. Source: county tax records.