7039 Sheffield Dr · Lakeland, FL 33810

$194,900

3 bd · 2.0 ba · 1,272 sqft · SingleFamily public records · 4 Days on market

Built 1980 0.29 ac lot

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Why this score? — see what drove the C- 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 +20.7/30.0
• ARV discount +7.5/15.0
• DSCR +6.6/10.0
• 1% rule +6.1/10.0
• Livability +3.9/5.0
• Schools +3.5/10.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

* * MULTIPLE OFFER SITUATION - Highest and best deadline is 10am on Monday 6/15/26 * * Seller offering up to $3,898 toward buyer closing costs or principle reduction for all accepted offers by 6/30/26. Opportunity knocks in North Lakeland with no HOA and no CDD. This block built 3 bedroom, 2 bath home sits on better than a quarter acre and offers 1,272 SF of heated living space plus an enclosed rear porch with a half bath not included in the heated square footage, a 2 car garage, a brick fireplace, a fenced backyard, and a storage shed. Central AC was replaced in 2018. The home needs updating and is priced to reflect its condition, making it a great fit for buyers ready to add value. Cas

Key facts

• Storage shed
• Central ac replaced
• Enclosed rear porch

Tags

• ENCLOSED REAR PORCH
• FENCED BACKYARD
• STORAGE SHED
• CENTRAL AC REPLACED

Property features AI

Finance

• Other: Property type: Residential (Single Family Residence); Building area total: 2,280 square feet; Living area: 1,272 square feet; Lot size reported as 0.29 acres; Direction faces: South
• HOA & community: No HOA association indicated

Exterior

• Parking: Attached garage; 2-car garage
• Utilities: Public water; Septic tank sewer; Electricity connected
• Home design: Single-family residence; One story; Faces south; Residential zoning (R-1)
• Construction: Block, brick, stucco and other construction materials; Shingle roof; Slab foundation; Built on a 0.29-acre lot (approximately 1/4 to less than 1/2 acre)
• Exterior features: Other exterior features; Asphalt road access

Interior

• Kitchen: Appliances: Other
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Tile
• Bathrooms: 2 full bathrooms; 1 half bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Thermostat; Fireplace in the family room; Total of 5 rooms
• Laundry & utility: Laundry: Other

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $195k.

Deal economics

• At list price, monthly cash flow is $263 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $195k).

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.
• Zoned schools: Dr. Ne Roberts Elementary School (math 45% / reading 34%, grade F, #1,513 of 2,144 statewide, top 73%, 691 students, 54% FRL); Kathleen Senior High School (math 19% / reading 31%, grade F, #501 of 667 statewide, top 75%, 2,051 students, 59% FRL) — zoned schools at 56% FRL track the district average.
• Market conditions: Rents rising (+2.8%/yr); 504 active listings in the ZIP; 16 comparable units currently listed for rent nearby; rentals at typical pace (median 14d 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 37% of the median local income ($70k/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 $6k 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.
• 4 sale attempts since 19y 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 $158k; 23% above their basis — modest negotiation headroom, anchor on the comps not their cost.

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 $194,900

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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.
3. 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.
4. 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: 1.11% ✓
• Cap rate: 7.91%
• Cash-on-cash: 5.79%
• DSCR: 1.26
• GRM: 7.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.78% rent growth · sell at horizon

5-year hold

• IRR: -7.6%
• Equity multiple: 0.72×
• Total profit: $-15,195
• Equity at exit: $29,060

10-year hold

• IRR: 1.8%
• Equity multiple: 1.12×
• Total profit: $6,787
• Equity at exit: $16,851

Cash invested: $54,572 (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 33810

• Rents YoY: 2.8%
• Active inventory: 504
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $2,156 high
• Mortgage (P&I): −$1,022
• Tax from tax record: −$337 /mo · $4,039/yr
• Insurance: −$81
• HOA: −$0
• Vacancy / Maint / Mgmt: −$453
• Net cashflow: $263

Break-even live

Break-even rent $1,823

Max offer price $194,900

Occupancy floor 83%

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: $48,725
• Closing costs: $5,847
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7362 Beaumont Dr Lakeland, FL	4.0	2.0	1752	$2,200	$1.26	14d	1	0.50mi
7362 Beaumont Dr Lakeland, FL	4.0	2.0	1752	$2,200	$1.26	3d	1	0.50mi
7047 Hazeltine Cir Lakeland, FL	3.0	2.0	1748	$2,300	$1.32	13d	1	0.57mi
7446 Briarbay Loop Lakeland, FL	3.0	2.0	1243	$1,810	$1.46	3d	1	0.64mi
7508 Briarbay Loop Unit A11 Lakeland, FL	3.0	2.0	1348	$2,090	$1.55	3d	1	0.67mi
3063 Westmoreland Dr Lakeland, FL	3.0	2.0	1755	$2,350	$1.34	19d	1	0.80mi
7525 Ibis Dr Lakeland, FL	4.0	2.0	1707	$2,300	$1.35	23d	1	0.85mi
2918 W Campbell Rd Lakeland, FL	3.0	2.0	1341	$2,200	$1.64	14d	1	0.87mi
7901 Sioux Ln Lakeland, FL	3.0	2.0	1336	$1,791	$1.34	23d	1	0.91mi
7702 Chase Rd Lakeland, FL	2.0	2.0	1768	$1,600	$0.90	23d	1	0.98mi
8007 Apache Ln Lakeland, FL	3.0	2.0	1276	$2,010	$1.58	23d	1	0.99mi
2045 Harvest Landing Cir Lakeland, FL	4.0	2.0	1597	$2,150	$1.35	23d	1	0.99mi
7943 Indian Heights Dr Lakeland, FL	3.0	2.0	1305	$1,975	$1.51	13d	1	1.00mi
7823 Sugar Pine Blvd Lakeland, FL	3.0	2.0	1559	$1,875	$1.20	3d	1	1.14mi
6120 Burnett St Lakeland, FL	1.0–3.0	1.0–2.0	1002	$2,312	$2.31	3d	21	1.42mi
3366 Mahogany Pointe Loop Lakeland, FL	3.0	2.0	1566	$2,125	$1.36	3d	1	1.44mi

Listing history 4 events

1. 2026-06-15
   status $194,900 Pending 4 DOM
2. 2026-06-15
   days on market $194,900 Active 4 DOM
3. 2026-06-13
   remarks 699-char remark
4. 2026-06-13
   listed $194,900 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: $4,039 · $337/mo
• Projected year-2 tax: $4,039 · $337/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 3/10 Moderate
• 🌡 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: $25,872
• − Mortgage interest: −$10,917
• − Property taxes: −$4,039
• − Insurance: −$974
• − Repairs & maintenance: −$2,070
• − Management: −$2,070
• − Depreciation: −$5,670
• Taxable income: $132
• Est. tax owed @ 24.0%: −$32
• After-tax cash flow: $3,129/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): 55,137
• Household income: $69,986
• Rent vs Own: 23.3% rent · 76.7% own
• Severe rent burden: 1208.0

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 0.58)
• Race & ethnicity: White 59% Hispanic / Latino 23% Black 12% Two or more races 10% Asian 2%
• Hispanic origin (detail): Mexican 5% Puerto Rican 9% Cuban 5%
• Common ancestry: Italian 2% Lithuanian 2% Slovak 1%
• Foreign-born: 9% · Canada, Jamaica
• Languages at home: 79% English-only · Spanish 17% French/Haitian/Cajun 1% Tagalog/Filipino 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: ▼ -194.94%
• Current HPI: 320.7366
• Rent YoY: ▲ 2.78%
• 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

+114.4% since first listed

11 events — show timeline

• 2026-06-11 Listed $194,900 Stellar MLS as Distributed by MLS Grid
• 2014-10-27 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2014-06-14 Contingent — Stellar MLS as Distributed by MLS Grid
• 2014-05-14 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2013-09-08 Listed $89,000 Stellar MLS as Distributed by MLS Grid
• 2013-09-05 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2013-08-14 Listed $95,000 Stellar MLS as Distributed by MLS Grid
• 2008-04-02 Sold (Public Records) $158,000 Public Records
• 2008-03-27 Sold (MLS) $158,000 Stellar MLS as Distributed by MLS Grid
• 2007-08-27 Listed $154,900 Stellar MLS as Distributed by MLS Grid
• 2003-02-07 Sold (Public Records) $90,900 Public Records

Property tax history

+11.6%/yr

Latest (2025): $4,039 · +6.7% YoY. Source: county tax records.