347 Edgewood Blvd · Dundee, FL 33898

$145,000

3 bd · 2.0 ba · 1,352 sqft · Manufactured public records · 44 Days on market

Built 1989 5,223 sqft lot $180/mo HOA · 9% 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 +28.0/30.0
• DSCR +9.9/10.0
• 1% rule +8.4/10.0
• ARV discount +7.5/15.0
• Schools +3.5/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Lovely 3/2 in best park in East Polk. 60/month includes water, sewer, mowing, trimming, use of common areas including pool. On hill. Roof over plus extra insulation. Open concept. Very clean. updated carpet and vinyl split bedrooms. front kitchen with cute as a button breakfast nook Lovely dinning room. Great floor plan. Large heated community pool. Excellent opportunity in great neighborhood

Key facts

• No rear neighbors
• Eat in kitchen
• Florida room

Tags

• EAT IN KITCHEN
• NO REAR NEIGHBORS
• UPDATED BATHROOM
• FLORIDA ROOM
• SPLIT BEDROOM LAYOUT

Property features AI

Finance

• Other: Association contact: Michael Steffen; Total monthly association fees $180; total annual fees $2,160
• Financial info: Lease restrictions apply
• HOA & community: Monthly HOA $180; HOA includes cable TV, pool, internet, private road, recreational facilities, sewer and water, and escrow reserves; Association amenities: clubhouse, pool, recreation facilities; Association approval required; Senior community; Pets allowed with number and size limits (max 25 lbs)

Exterior

• Parking: Driveway; Has carport (1 space); Has attached garage
• Utilities: Private water; Private sewer; Electricity connected; Sewer connected; Water connected; Cable available; BB/HS Internet available; Phone available; Irrigation equipment present
• Home design: Manufactured double-wide home; Single-story; Faces west; Completed condition
• Construction: Vinyl siding; Shingle roof; Crawlspace foundation; Built as manufactured home
• Exterior features: Covered porch; Porch; Private mailbox; Exterior storage; Mature landscaping; Paved, asphalt road; Private maintained road

Interior

• Kitchen: Range; Dishwasher; Refrigerator; Eat-in kitchen
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Linoleum; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Eat-in kitchen; Living room / dining room combo; Open floorplan; Split bedroom layout; Thermostat; Walk-in closets; Blinds on windows
• Laundry & utility: Washer; Dryer; Inside laundry in a laundry closet; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $145k.

Deal economics

• At list price, monthly cash flow is $450 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $145k).
• Recommended offer: $141k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 65/100 on livability (#638 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B+; Watch: employment D+, schools D, amenities 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: 500 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).
• This rent runs 41% of the median local income ($57k/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 $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 + 3.0% rent growth), your $41k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 44 days — a 3% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 21y 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 $85k; list at $145k implies a 71% 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 $140,650 (3.0% below list)

Questions for the listing agent

1. It's been on market 44 days. Have you received any prior offers? Is the seller open to a 3% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 1.34% ✓
• Cap rate: 10.02%
• Cash-on-cash: 13.31%
• DSCR: 1.59
• GRM: 6.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 3.4%
• Equity multiple: 1.13×
• Total profit: $5,257
• Equity at exit: $21,620

10-year hold

• IRR: 12.9%
• Equity multiple: 2.03×
• Total profit: $41,831
• Equity at exit: $12,537

Cash invested: $40,600 (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 33898

• Home prices YoY: -15.1%
• Active inventory: 500
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $1,947 medium
• Mortgage (P&I): −$760
• Tax from tax record: −$87 /mo · $1,048/yr
• Insurance: −$60
• HOA: −$180
• Vacancy / Maint / Mgmt: −$409
• Net cashflow: $450

Break-even live

Break-even rent $1,377

Max offer price $145,000

Occupancy floor 72%

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: $36,250
• Closing costs: $4,350
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
348 Gordon Ave Waverly, FL	2.0	1.0	936	$1,500	$1.60	23d	1	1.33mi
474 Hennepin Loop Lake Wales, FL	3.0	2.0	1589	$1,850	$1.16	23d	1	1.44mi

HOA detail

• Monthly dues: $180 · $2,160/yr
• Likely covers: watersewerpool

Listing history 21 events

1. 2026-06-18
   days on market $145,000 Active 44 DOM
2. 2026-06-17
   days on market $145,000 Active 43 DOM
3. 2026-06-16
   days on market $145,000 Active 42 DOM
4. 2026-06-15
   days on market $145,000 Active 41 DOM
5. 2026-06-13
   days on market $145,000 Active 39 DOM
6. 2026-06-10
   days on market $145,000 Active 36 DOM
7. 2026-06-09
   days on market $145,000 Active 35 DOM
8. 2026-06-08
   days on market $145,000 Active 34 DOM
9. 2026-06-07
   days on market $145,000 Active 33 DOM
10. 2026-06-05
    days on market $145,000 Active 30 DOM
11. 2026-06-03
    days on market $145,000 Active 29 DOM
12. 2026-06-03
    days on market $145,000 Active 28 DOM
13. 2026-06-01
    days on market $145,000 Active 27 DOM
14. 2026-05-31
    days on market $145,000 Active 26 DOM
15. 2026-05-05
    listed $145,000 Active
16. 2023-02-28
    soldstatus $85,000
17. 2020-12-14
    historical
18. 2020-11-06
    listed $87,000 Active
19. 2006-04-07
    soldstatus $70,000
20. 2006-03-31
    soldstatus $70,000 396-char remark

    Show marketing remark (396 chars)

    Lovely 3/2 in best park in East Polk. 60/month includes water, sewer, mowing, trimming, use of common areas including pool. On hill. Roof over plus extra insulation. Open concept. Very clean. updated carpet and vinyl split bedrooms. front kitchen with cute as a button breakfast nook Lovely dinning room. Great floor plan. Large heated community pool. Excellent opportunity in great neighborhood

21. 2005-09-12
    listed $79,900 396-char remark

    Show marketing remark (396 chars)

    Lovely 3/2 in best park in East Polk. 60/month includes water, sewer, mowing, trimming, use of common areas including pool. On hill. Roof over plus extra insulation. Open concept. Very clean. updated carpet and vinyl split bedrooms. front kitchen with cute as a button breakfast nook Lovely dinning room. Great floor plan. Large heated community pool. Excellent opportunity in great neighborhood

ⓘ 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: $1,048 · $87/mo
• Projected year-2 tax: $1,204 · $100/mo
• Expected delta: +$155/yr (+$13/mo · 14.8%)

ⓘ 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 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,367
• − Mortgage interest: −$8,122
• − Property taxes: −$1,048
• − Insurance: −$725
• − Repairs & maintenance: −$1,869
• − Management: −$1,869
• − HOA: −$2,160
• − Depreciation: −$4,218
• Taxable income: $3,355
• Est. tax owed @ 24.0%: −$805
• After-tax cash flow: $4,597/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 — Dundee

• Score: 65/100
• State rank: #638
• US rank: #12542

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Polk County · 740,051 people
• City population: 5,431
• Metro: Lakeland-Winter Haven, FL
• Population (ZIP): 18,527
• Household income: $57,224
• Rent vs Own: 12.6% rent · 87.4% own
• Severe rent burden: 148.0

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 (74%)
• Race & ethnicity: White 74% Hispanic / Latino 17% Two or more races 10% Black 6%
• Hispanic origin (detail): Mexican 6% Puerto Rican 4% Cuban 3%
• Common ancestry: Slovak 3% Lithuanian 2% Italian 2%
• Foreign-born: 9% · Canada
• Languages at home: 81% English-only · Spanish 17% French/Haitian/Cajun 1% 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: ▼ -60.62%
• Current HPI: 340.6056
• Rent YoY: —
• 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

+81.5% since first listed

7 events — show timeline

• 2026-05-05 Listed $145,000 Stellar MLS as Distributed by MLS Grid
• 2023-02-28 Sold (Public Records) $85,000 Public Records
• 2020-12-14 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2020-11-06 Listed $87,000 Stellar MLS as Distributed by MLS Grid
• 2006-04-07 Sold (Public Records) $70,000 Public Records
• 2006-03-31 Sold (MLS) $70,000 Stellar MLS as Distributed by MLS Grid
• 2005-09-12 Listed $79,900 Stellar MLS as Distributed by MLS Grid

Property tax history

+2.5%/yr

Latest (2025): $1,048 · +14.3% YoY. Source: county tax records.