313 Monroe Dr · Lakeland, FL 33809

$69,900

2 bd · 2.0 ba · 868 sqft · Manufactured public records · 3 Days on market

Built 1983 8,098 sqft lot $46/mo HOA · 3% 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.9/5.0
• Schools +3.5/10.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Check out this 2 bedroom 2 bathroom manufactured home located in North Lakeland's Martin Estates. This home spans over 868 Sq ft with a nice yard, extra outside rooms, and storage shed in the back of the property. It is located within a 55+ mobile home community that features a clubhouse and pool. NO LOT RENT! HOA only 46/mo This is a CO-OP. AC is 8-9 yrs old Roof was installed 2017. Buyer Approval is required.

Key facts

• Clubhouse
• Manufactured home
• Extra outside rooms

Tags

• MANUFACTURED HOME
• MARTIN ESTATES
• EXTRA OUTSIDE ROOMS
• STORAGE SHED
• CLUBHOUSE
• POOL

Property features AI

Finance

• Other: Association required; Unfurnished
• Financial info: Total monthly fees: $46; Total annual fees: $552
• HOA & community: Monthly HOA fee of $46; HOA includes pool and recreational facilities; Community clubhouse and pool; Senior community; Pets allowed with number and size limits (max 25 lbs)

Exterior

• Parking: Driveway; Carport (1 space)
• Security: Smoke detector(s)
• Utilities: Public water; Septic tank; Electricity connected; Water connected
• Home design: Manufactured home (single wide); One level; Faces east
• Construction: Metal siding; Other roof; Crawlspace foundation; Completed condition
• Exterior features: Front porch; Rear porch; Screened porch; Sliding doors; Shed(s) / storage; Mature landscaping; Paved road access; In county location

Interior

• Kitchen: Cooktop; Range hood; Dishwasher; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Laminate; Linoleum
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air
• Interior features: Ceiling fans; Eat-in kitchen; Kitchen/family room combo; Living room/dining room combo; Thermostat; Blinds
• Laundry & utility: Laundry room (outside); Electric water heater; Washer; Dryer

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $70k.

Deal economics

• At list price, monthly cash flow is $626 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $70k).

Location & tenants

• Location reads 77/100 on livability (#206 in FL, #3,179 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: employment D+, 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 flat; 259 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 10,384 units permitted in Polk County in 2024 (1,716 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $483 of loan paydown is wiped out by about $2k 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 + 0.7% rent growth), your $20k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts 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 $35k; list at $70k implies a 100% 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; 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 $69,900

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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.
4. 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.
5. 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: 2.11% ✓
• Cap rate: 17.04%
• Cash-on-cash: 38.36%
• DSCR: 2.71
• GRM: 4.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.65% rent growth · sell at horizon

5-year hold

• IRR: 31.7%
• Equity multiple: 2.29×
• Total profit: $25,180
• Equity at exit: $10,422

10-year hold

• IRR: 37.4%
• Equity multiple: 4.07×
• Total profit: $60,152
• Equity at exit: $6,044

Cash invested: $19,572 (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 33809

• Home prices YoY: -20.9%
• Rents YoY: 0.7%
• Active inventory: 259
• Price-to-rent: 4.0×

Monthly cashflow live

• Estimated rent: $1,472 high
• Mortgage (P&I): −$367
• Tax from tax record: −$96 /mo · $1,150/yr
• Insurance: −$29
• HOA: −$46
• Vacancy / Maint / Mgmt: −$309
• Net cashflow: $626

Break-even live

Break-even rent $680

Max offer price $69,900

Occupancy floor 53%

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: $17,475
• Closing costs: $2,097
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
239 Village Crest Ct Lakeland, FL	2.0	2.0	912	$1,495	$1.64	23d	1	1.13mi
114 Rosalynn Cir Lakeland, FL	2.0	2.0	1033	$1,450	$1.40	23d	1	1.15mi
124 Rosalynn Cir Lakeland, FL	2.0	2.0	1033	$1,550	$1.50	3d	1	1.15mi
259 Village View Ln Lakeland, FL	2.0	2.0	885	$1,600	$1.81	23d	1	1.18mi
235 Leelon Rd Lakeland, FL	2.0	1.0	921	$1,295	$1.41	23d	1	1.27mi
165 Shannon Dr Lakeland, FL	2.0	2.0	1008	$1,350	$1.34	3d	1	1.35mi
6031 Crafton Dr Lakeland, FL	2.0	1.0	914	$1,125	$1.23	14d	1	1.42mi
6032 Norton Rd Unit 6032 Lakeland, FL	2.0	2.0	880	$1,295	$1.47	23d	1	1.49mi

HOA detail

• Monthly dues: $46 · $552/yr
• Likely covers: pool

Listing history 4 events

1. 2026-06-18
   days on market $69,900 Active 3 DOM
2. 2026-06-17
   days on market $69,900 Active 2 DOM
3. 2026-06-15
   remarks 414-char remark
4. 2026-06-15
   listed $69,900 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: $1,150 · $96/mo
• Projected year-2 tax: $1,150 · $96/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 ≥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: $17,670
• − Mortgage interest: −$3,915
• − Property taxes: −$1,150
• − Insurance: −$350
• − Repairs & maintenance: −$1,414
• − Management: −$1,414
• − HOA: −$552
• − Depreciation: −$2,033
• Taxable income: $6,842
• Est. tax owed @ 24.0%: −$1,642
• After-tax cash flow: $5,867/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 — Lakeland

• Score: 77/100
• State rank: #206
• US rank: #3179

Category grades

Amenities F Commute F Cost of living A+ Crime C+ Employment D+ 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: 277,690
• Metro: Lakeland-Winter Haven, FL
• Population (ZIP): 30,797
• Household income: $70,066
• Rent vs Own: 35.8% rent · 64.2% own
• Severe rent burden: 924.0

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 0.55)
• Race & ethnicity: White 63% Hispanic / Latino 18% Black 11% Two or more races 11% Asian 3%
• Hispanic origin (detail): Puerto Rican 9% Cuban 1% Dominican 2%
• Common ancestry: Lithuanian 2% Italian 2% Romanian 2%
• Foreign-born: 11% · Canada, Jamaica
• Languages at home: 81% English-only · Spanish 15% Other Asian/Pacific 2% Other Indo-European 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: ▼ -79.46%
• Current HPI: 301.3054
• Rent YoY: ▲ 0.65%
• 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

+99.7% since first listed

10 events — show timeline

• 2026-06-15 Listed $69,900 Stellar MLS as Distributed by MLS Grid
• 2026-03-03 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-12-18 Price Changed $83,000 Stellar MLS as Distributed by MLS Grid
• 2025-11-07 Price Changed $93,000 Stellar MLS as Distributed by MLS Grid
• 2025-05-24 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-05-17 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-04-15 Price Changed $99,000 Stellar MLS as Distributed by MLS Grid
• 2025-03-17 Price Changed $109,000 Stellar MLS as Distributed by MLS Grid
• 2025-01-31 Listed $119,000 Stellar MLS as Distributed by MLS Grid
• 2009-04-06 Sold (Public Records) $35,000 Public Records

Property tax history

+6.3%/yr

Latest (2025): $1,150 · +300.2% YoY. Source: county tax records.