306 Michigan Ln · Poinciana, FL 34759

$230,000

3 bd · 2.0 ba · 1,632 sqft · SingleFamily public records · 4 Days on market

Built 2018 7,362 sqft lot $100/mo HOA · 5% of rent

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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 +8.9/30.0
• ARV discount +7.5/15.0
• Appreciation +4.3/10.0
• Schools +3.5/10.0
• 1% rule +3.4/10.0
• Livability +2.9/5.0
• Rent growth +2.8/5.0
• DSCR +2.5/10.0
• Condition / age +2.5/5.0

Listing remarks

Welcome Home! This stunning 3-bedroom, 2-bathroom residence in Kissimmee combines modern style with everyday comfort. Inside, you'll find a bright, open-concept layout designed to maximize space and natural light, creating a warm and welcoming environment. The well-appointed kitchen showcases sleek countertops and stainless steel appliances, making it ideal for both everyday living and entertaining guests. Step outside to a spacious backyard, perfect for relaxing, outdoor dining, or hosting gatherings with family and friends. Additional highlights include washer and dryer hookups, a private driveway, and a two-car garage for added convenience. Don't miss the opportunity to make this excepti

Key facts

• Spacious backyard
• Private driveway
• Open-concept layout

Tags

• OPEN-CONCEPT LAYOUT
• WELL-APPOINTED KITCHEN
• SPACIOUS BACKYARD
• WASHER AND DRYER HOOKUPS
• PRIVATE DRIVEWAY

Property features AI

Finance

• Other: Living area about 1,632 (public records); Total building area reported as 2,211; Lot is paved road access; Association fees reported as $1,200 annually ($100 monthly)
• HOA & community: Homeowners association: Association of Poinciana Villages; Monthly HOA fee of $100 (required); Cats and dogs allowed

Exterior

• Parking: Attached garage with garage door opener; 2-car garage
• Utilities: Public water; Public sewer; Electricity connected; Water connected; Sewer connected
• Home design: Single-family residence; PUD zoning; One story; North-facing
• Construction: Stucco construction; Shingle roof; Slab foundation; Built on lot under 1/4 acre (approx. 0.17 acres)
• Exterior features: Other exterior features

Interior

• Kitchen: Microwave; Range; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Heat pump heating; Central air conditioning
• Interior features: Ceiling fans
• Laundry & utility: Laundry area (other)

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $230k.

Deal economics

• At list price, monthly cash flow is $-186 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $197k (14.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $194k (15.5% below list).
• Recommended offer: $194k (15.5% below list) — sets the bar for 1% rule.
• Cap rate 5.3% vs local median 4.2% in Poinciana — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 57/100 on livability (#859 in FL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing 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.
• Zoned schools: Laurel Elementary School (math 26% / reading 34%, grade F, #1,882 of 2,144 statewide, top 88%, 1,058 students, 50% FRL); Haines City Senior High School (math 12% / reading 32%, grade F, #544 of 667 statewide, top 82%, 2,700 students, 58% FRL).
• Zoned-school proficiency averages 26% at this address vs 41% district-wide (-15 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 (+1.1%/yr); 1151 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 16d 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 34% of the median local income ($69k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-1.5%/yr); year-one equity from $2k of loan paydown is wiped out by about $3k 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

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 10 sale attempts since 20y 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 $54k; list at $230k implies a 326% 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→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $194,280 (15.5% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
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 F-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. 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?
6. 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.
7. 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.
8. 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: 0.84% ✗
• Cap rate: 5.32%
• Cash-on-cash: -3.46%
• DSCR: 0.85
• GRM: 9.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-1.48% appreciation · 1.14% rent growth · sell at horizon

5-year hold

• IRR: -14.4%
• Equity multiple: 0.42×
• Total profit: $-37,530
• Equity at exit: $50,283

10-year hold

• IRR: -9.6%
• Equity multiple: 0.26×
• Total profit: $-47,807
• Equity at exit: $48,459

Cash invested: $64,400 (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 34759

• Home prices YoY: -0.5%
• Rents YoY: 1.1%
• Active inventory: 1151
• Price-to-rent: 9.9×

Monthly cashflow live

• Estimated rent: $1,943 high
• Mortgage (P&I): −$1,206
• Tax from tax record: −$319 /mo · $3,823/yr
• Insurance: −$96
• HOA: −$100
• Vacancy / Maint / Mgmt: −$408
• Net cashflow: $-186

Break-even live

Break-even rent $2,178

Max offer price $197,189

Occupancy floor —

Sensitivity live

Price	-10% $-56	-5% $-121	+0% $-186	+5% $-251	+10% $-316
Rent	-10% $-339	-5% $-262	+0% $-186	+5% $-109	+10% $-32
Rate	-1.0pp $-70	-0.5pp $-127	base $-186	+0.5pp $-245	+1.0pp $-306

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: $57,500
• Closing costs: $6,900
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
307 Michigan Ln Kissimmee, FL	4.0	2.0	1673	$1,744	$1.04	15d	1	0.01mi
1932 Michigan Ct Kissimmee, FL	3.0	2.0	2236	$1,779	$0.80	4d	1	0.14mi
1951 Michigan Dr Kissimmee, FL	4.0	2.0	1562	$2,060	$1.32	15d	1	0.20mi
1907 Manatee Dr Kissimmee, FL	4.0	2.0	1803	$1,795	$1.00	24d	1	0.22mi
1912 Manatee Dr Kissimmee, FL	4.0	2.5	1420	$1,995	$1.40	24d	1	0.26mi
319 Erie Ct Kissimmee, FL	3.0	2.0	1310	$1,815	$1.39	24d	1	0.29mi
319 Erie Dr Kissimmee, FL	3.0	2.0	1310	$1,765	$1.35	15d	1	0.30mi
149 Conch Dr Kissimmee, FL	3.0	2.0	1578	$1,700	$1.08	20d	1	0.33mi
321 Drum Ln Poinciana, FL	3.0	2.0	1785	$1,715	$0.96	20d	1	0.44mi
431 Arkansas Ct Kissimmee, FL	4.0	2.5	1764	$1,895	$1.07	4d	1	0.48mi
310 Dogfish Way Kissimmee, FL	4.0	2.0	1700	$1,950	$1.15	24d	1	0.48mi
407 Arkansas Ct Kissimmee, FL	3.0	2.0	1858	$1,600	$0.86	13d	1	0.49mi
339 W Aster Ct Kissimmee, FL	3.0–4.0	2.0–3.0	1504	$1,695	$1.13	3d	1	0.51mi
320 Kingfish Dr Kissimmee, FL	3.0	3.0	1606	$1,795	$1.12	24d	1	0.55mi
2140 Mystic Ring Loop Kissimmee, FL	3.0	2.0	1245	$1,495	$1.20	15d	1	0.56mi
2150 Mystic Ring Loop Kissimmee, FL	3.0	2.0	1245	$1,700	$1.37	12d	1	0.57mi
302 W Aster Ct Kissimmee, FL	4.0	2.0	1670	$2,240	$1.34	4d	1	0.58mi
7 Haddock Way Kissimmee, FL	3.0	2.0	2052	$1,950	$0.95	15d	1	0.59mi
1884 Snapper Dr Kissimmee, FL	4.0	2.0	1682	$1,985	$1.18	15d	1	0.60mi
5 Flatfish Dr Kissimmee, FL	4.0	2.0	1650	$2,150	$1.30	24d	1	0.64mi
8 Flatfish Dr Kissimmee, FL	3.0	2.0	1392	$1,650	$1.19	4d	1	0.64mi
105 Zinnia Ln W Kissimmee, FL	4.0	2.0	1600	$2,100	$1.31	4d	1	0.66mi
106 Herring Ln Kissimmee, FL	3.0	2.0	1062	$1,575	$1.48	4d	1	0.66mi
202 Snapper Way Kissimmee, FL	4.0	2.0	1670	$2,050	$1.23	4d	1	0.67mi
104 Herring Ln Kissimmee, FL	4.0	2.0	1699	$1,925	$1.13	4d	1	0.67mi
205 Dogfish Ln Kissimmee, FL	4.0	2.0	1578	$1,680	$1.06	15d	1	0.67mi
241 Grouper Ct Kissimmee, FL	4.0	2.0	1762	$2,000	$1.14	24d	1	0.69mi
1805 Hudson Ct Kissimmee, FL	3.0	2.0	1531	$1,835	$1.20	24d	1	0.71mi
260 Grouper Ct Kissimmee, FL	2.0	2.0	1130	$1,400	$1.24	4d	1	0.72mi
207 Begonia Ln Kissimmee, FL	4.0	2.0	1623	$1,925	$1.19	24d	1	0.74mi
352 Kingfish Dr Kissimmee, FL	4.0	2.0	1670	$1,950	$1.17	24d	1	0.75mi
12 Herring Ct Kissimmee, FL	3.0	2.0	1055	$1,613	$1.53	24d	1	0.77mi
223 Grouper Ct Kissimmee, FL	3.0	2.0	1475	$1,595	$1.08	24d	1	0.77mi
1731 Minnow Ct Kissimmee, FL	3.0	2.0	1209	$1,750	$1.45	24d	1	0.85mi
922 Centaury Dr Unit 1 Poinciana, FL	3.0	3.0	2166	$1,900	$0.88	15d	1	0.85mi
333 Daffodil Ln Kissimmee, FL	4.0	2.0	1851	$2,040	$1.10	15d	1	0.86mi
145 Ocean Bluff Dr Kissimmee, FL	3.0	2.0	1249	$1,500	$1.20	24d	1	0.86mi
2005 Maple Ln Kissimmee, FL	4.0	2.0	1669	$1,719	$1.03	4d	1	0.87mi
557 Peace Dr Kissimmee, FL	3.0	2.0	1547	$1,699	$1.10	4d	1	0.87mi
446 Caraway Dr Kissimmee, FL	3.0	2.0	1334	$1,675	$1.26	24d	1	0.88mi

HOA detail

• Monthly dues: $100 · $1,200/yr

Listing history 4 events

1. 2026-06-15
   status $230,000 Pending 4 DOM
2. 2026-06-15
   days on market $230,000 Active 4 DOM
3. 2026-06-13
   remarks 699-char remark
4. 2026-06-13
   listed $230,000 Active 2 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: $3,823 · $319/mo
• Projected year-2 tax: $3,823 · $319/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 · 24 d/yr by 30 yrs out
• 💨 Wind 9/10 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: $23,314
• − Mortgage interest: −$12,884
• − Property taxes: −$3,823
• − Insurance: −$1,150
• − Repairs & maintenance: −$1,865
• − Management: −$1,865
• − HOA: −$1,200
• − Depreciation: −$6,691
• Taxable loss: −$6,164
• Est. tax savings @ 24.0%: +$1,479
• After-tax cash flow: $-749/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 — Poinciana

• Score: 57/100
• State rank: #859
• US rank: #21760

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Poinciana, FL
• County: Polk County · 740,051 people
• City population: 91,336
• Metro: Lakeland-Winter Haven, FL
• Population (ZIP): 44,568
• Household income: $69,373
• Rent vs Own: 20.4% rent · 79.6% own
• Severe rent burden: 1186.0

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: Hispanic / Latino 55% White 21% Two or more races 20% Black 19%
• Hispanic origin (detail): Mexican 2% Puerto Rican 38% Cuban 6% Dominican 3%
• Common ancestry: Hispanic 3% Romanian 2% Scotch-Irish 1%
• Foreign-born: 17% · Canada, Jamaica
• Languages at home: 49% English-only · Spanish 48% French/Haitian/Cajun 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: ▼ -1.48%
• Current HPI: 276.6861
• Rent YoY: ▲ 1.14%
• 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

-83.0% since first listed

22 events — show timeline

• 2026-06-11 Listed $230,000 Stellar MLS as Distributed by MLS Grid
• 2018-02-27 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2017-10-11 Listed $194,900 Stellar MLS as Distributed by MLS Grid
• 2017-07-26 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2017-07-13 Price Changed $189,900 Stellar MLS as Distributed by MLS Grid
• 2017-05-12 Listed $175,000 Stellar MLS as Distributed by MLS Grid
• 2017-03-15 Sold (Public Records) $54,000 Public Records
• 2017-02-20 Pending — Stellar MLS as Distributed by MLS Grid
• 2017-02-20 Sold (MLS) $9,000 Stellar MLS as Distributed by MLS Grid
• 2016-08-30 Relisted — Stellar MLS as Distributed by MLS Grid
• 2016-08-15 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2016-02-23 Relisted — Stellar MLS as Distributed by MLS Grid
• 2016-02-15 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2015-08-09 Relisted — Stellar MLS as Distributed by MLS Grid
• 2015-08-06 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2015-02-09 Relisted — Stellar MLS as Distributed by MLS Grid
• 2015-02-01 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2014-06-14 Relisted — Stellar MLS as Distributed by MLS Grid
• 2014-06-10 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2014-02-09 Listed $12,000 Stellar MLS as Distributed by MLS Grid
• 2006-10-06 Listed $57,500 Stellar MLS as Distributed by MLS Grid
• 2005-06-07 Sold (Public Records) $1,350,000 Public Records

Property tax history

+35.2%/yr

Latest (2025): $3,823 · +4.7% YoY. Source: county tax records.