9000 US Highway 192 #205 · Four Corners, FL 34714

$89,990

1 bd · 1.0 ba · 396 sqft · Condo public records · 132 Days on market

Built 1991 $256/mo HOA · 19% 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 +25.6/30.0
• 1% rule +10.0/10.0
• DSCR +8.5/10.0
• ARV discount +7.5/15.0
• Appreciation +4.8/10.0
• Schools +3.5/10.0
• Livability +3.5/5.0
• Condition / age +2.5/5.0
• Rent growth +1.6/5.0

Listing remarks MLS

Looking for something special yet affordable? Then read on. .. Situated on the channel this home caters for inside and outdoor living with a beautiful deck and dock to enable you to enjoy the natural side of Florida. This well designed 2 bedroomed homeoffers enough space to comfortable accommodate you and your guests with a living room and separate Florida room which the owners currently use as an office. The dining room has a pretty built in storage cabinet as well as glass display shelving to complete the setting. The galley kitchen provides ample storage and work space whilst allowing you to converse with your family and guests whilst preparing meals. You too could enjoy the Florida lifestyle at an affordable price.

Key facts

• Transom windows
• Canal front lot
• Bonus room

Tags

• WATER VIEW PROPERTY
• CANAL FRONT LOT
• WOODEN DECK
• SMALL DOCK
• TRANSOM WINDOWS
• BONUS ROOM

Property features AI

Finance

• Other: Property type: Residential manufactured home; Lot roughly 0.04 acres (approx. 34 x 63); Road surface: Asphalt on private maintained road; Water access/view: Canal and Lake (Lake Davenport) with skiing allowed
• Financial info: Total annual fees $3,072; Lease restrictions apply
• HOA & community: SABRINA STONE association (approval required); Monthly HOA $256 (quarterly fee $768); Association covers 24-hour guard, cable TV, common area taxes, pool, escrow reserves, grounds maintenance, management, private road, recreational facilities, security, sewer, trash, water; Community amenities: clubhouse, pool, playground, tennis, pickleball, shuffleboard, golf, dog park, storage, street lights, community mailbox, gated, deed restrictions, special community restrictions, buyer approval required; Senior community; Pets allowed; Golf carts OK

Exterior

• Parking: Driveway
• Security: Gated community
• Utilities: Private water; Private sewer; Broadband/high-speed internet available; Cable connected; Electricity connected; Phone available; Sewer connected; Water connected
• Home design: Manufactured home (single wide); Multi/split levels; Entry faces east
• Construction: Vinyl siding with frame construction; Membrane roof; Crawlspace foundation; Built in (completed condition)
• Exterior features: Awning(s); Exterior lighting; Rain gutters; Shed(s); Private lot; Paved; Near golf course; In county

Interior

• Kitchen: Range; Refrigerator; Exhaust fan
• Bedrooms: 1 bedroom
• Flooring: Carpet; Laminate; Vinyl
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Built-in features; Ceiling fans; Eat-in kitchen; Kitchen/family room combo; Thermostat; Window treatments; Blinds
• Laundry & utility: Washer; Dryer; Inside laundry room; Electric water heater; Inside utility

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $90k.

Deal economics

• At list price, monthly cash flow is $213 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $90k).
• Recommended offer: $79k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.1% vs local median 3.2% in Four Corners — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 69/100 on livability (#453 in FL) — a middle-class / working-renter tenant base. Strengths: housing A+, cost of living A-; Watch: schools F, amenities F, health & safety 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 falling (-3.5%/yr); 716 active listings in the ZIP; 1 comparable units currently listed for rent nearby; solid renter incomes; 10,384 units permitted in Polk County in 2024 (1,716 in 5+ unit buildings).

Forward outlook

• In year one you build about $325 of equity ($622 loan paydown + $-297 appreciation (-0.3% local appreciation)).
• Polk County population projected at +33% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-0.3% appreciation + 0.0% rent growth), your $25k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 132 days — a 12% lower offer ($79k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 17y ago; this cycle's ask has dropped $5k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $62k; 44% 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; moderate wildfire risk; extreme-heat days projected 6→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $79,191 (12.0% below list)

Questions for the listing agent

1. It's been on market 132 days. Have you received any prior offers? Is the seller open to a 12% 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. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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.
8. 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.
9. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.53% ✓
• Cap rate: 9.13%
• Cash-on-cash: 10.13%
• DSCR: 1.45
• GRM: 5.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-0.33% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 5.0%
• Equity multiple: 1.22×
• Total profit: $5,667
• Equity at exit: $24,655

10-year hold

• IRR: 7.6%
• Equity multiple: 1.70×
• Total profit: $17,736
• Equity at exit: $28,484

Cash invested: $25,197 (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 34714

• Home prices YoY: -0.1%
• Rents YoY: -3.5%
• Active inventory: 716
• Price-to-rent: 5.4×

Monthly cashflow live

• Estimated rent: $1,381 medium
• Mortgage (P&I): −$472
• Tax from tax record: −$113 /mo · $1,351/yr
• Insurance: −$37
• HOA: −$256
• Vacancy / Maint / Mgmt: −$290
• Net cashflow: $213

Break-even live

Break-even rent $1,111

Max offer price $89,990

Occupancy floor 80%

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: $22,498
• Closing costs: $2,700
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
9000 US Highway 192 #115 Clermont, FL	1.0	1.0	364	$950	$2.61	10d	1	0.12mi

HOA detail condo

• Monthly dues: $256 · $3,072/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 26 events

1. 2026-06-18
   days on market $89,990 Active 132 DOM
2. 2026-06-17
   days on market $89,990 Active 131 DOM
3. 2026-06-16
   days on market $89,990 Active 130 DOM
4. 2026-06-15
   days on market $89,990 Active 129 DOM
5. 2026-06-13
   days on market $89,990 Active 127 DOM
6. 2026-06-10
   days on market $89,990 Active 124 DOM
7. 2026-06-09
   days on market $89,990 Active 123 DOM
8. 2026-06-08
   days on market $89,990 Active 122 DOM
9. 2026-06-07
   days on market $89,990 Active 121 DOM
10. 2026-06-05
    days on market $89,990 Active 118 DOM
11. 2026-06-03
    days on market $89,990 Active 116 DOM
12. 2026-06-01
    days on market $89,990 Active 115 DOM
13. 2026-05-31
    days on market $89,990 Active 114 DOM
14. 2026-05-01
    status Active
15. 2026-04-21
    status Pending
16. 2026-02-21
    price $89,990
17. 2026-01-26
    listed $95,000 Active
18. 2025-12-31
    historical
19. 2025-10-23
    price $100,000
20. 2025-10-22
    status Active
21. 2025-10-17
    status Pending
22. 2025-07-07
    listed $128,000 Active
23. 2009-12-01
    soldstatus $62,500
24. 2009-11-23
    soldstatus $62,500 728-char remark

    Show marketing remark (728 chars)

    Looking for something special yet affordable? Then read on. .. Situated on the channel this home caters for inside and outdoor living with a beautiful deck and dock to enable you to enjoy the natural side of Florida. This well designed 2 bedroomed homeoffers enough space to comfortable accommodate you and your guests with a living room and separate Florida room which the owners currently use as an office. The dining room has a pretty built in storage cabinet as well as glass display shelving to complete the setting. The galley kitchen provides ample storage and work space whilst allowing you to converse with your family and guests whilst preparing meals. You too could enjoy the Florida lifestyle at an affordable price.

25. 2009-10-28
    listed $64,500 728-char remark

    Show marketing remark (728 chars)

    Looking for something special yet affordable? Then read on. .. Situated on the channel this home caters for inside and outdoor living with a beautiful deck and dock to enable you to enjoy the natural side of Florida. This well designed 2 bedroomed homeoffers enough space to comfortable accommodate you and your guests with a living room and separate Florida room which the owners currently use as an office. The dining room has a pretty built in storage cabinet as well as glass display shelving to complete the setting. The galley kitchen provides ample storage and work space whilst allowing you to converse with your family and guests whilst preparing meals. You too could enjoy the Florida lifestyle at an affordable price.

26. 1983-12-01
    soldstatus $11,000

ⓘ 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: $1,351 · $113/mo
• Projected year-2 tax: $1,351 · $113/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 6 d/yr ≥107°F today · 19 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: $16,570
• − Mortgage interest: −$5,041
• − Property taxes: −$1,351
• − Insurance: −$450
• − Repairs & maintenance: −$1,326
• − Management: −$1,326
• − HOA: −$3,072
• − Depreciation: −$2,618
• Taxable income: $1,386
• Est. tax owed @ 24.0%: −$333
• After-tax cash flow: $2,221/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 — Four Corners

• Score: 69/100
• State rank: #453
• US rank: #8218

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Four Corners, FL
• County: Lake County · 364,602 people
• City population: 27,422
• Metro: Orlando-Kissimmee-Sanford, FL
• Population (ZIP): 28,200
• Household income: $75,392
• Rent vs Own: 49.3% rent · 50.7% own
• Severe rent burden: 953.0

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 0.59)
• Race & ethnicity: White 56% Hispanic / Latino 30% Two or more races 25% Black 6% Asian 1%
• Hispanic origin (detail): Mexican 2% Puerto Rican 17% Dominican 2%
• Common ancestry: Romanian 3% Lithuanian 3% Italian 2%
• Foreign-born: 13% · Canada, Jamaica
• Languages at home: 76% English-only · Spanish 19% Other Indo-European 1% Other Asian/Pacific 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: ▼ -0.33%
• Current HPI: 256.1331
• Rent YoY: ▼ -3.46%
• Metro: Orlando-Kissimmee-Sanford, 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

+718.1% since first listed

13 events — show timeline

• 2026-05-01 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-04-21 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-02-21 Price Changed $89,990 Stellar MLS as Distributed by MLS Grid
• 2026-01-26 Listed $95,000 Stellar MLS as Distributed by MLS Grid
• 2025-12-31 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-10-23 Price Changed $100,000 Stellar MLS as Distributed by MLS Grid
• 2025-10-22 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-10-17 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-07-07 Listed $128,000 Stellar MLS as Distributed by MLS Grid
• 2009-12-01 Sold (Public Records) $62,500 Public Records
• 2009-11-23 Sold (MLS) $62,500 Stellar MLS as Distributed by MLS Grid
• 2009-10-28 Listed $64,500 Stellar MLS as Distributed by MLS Grid
• 1983-12-01 Sold (Public Records) $11,000 Public Records

Property tax history

+5.3%/yr

Latest (2025): $1,351 · +10.3% YoY. Source: county tax records.