324 Bassedena Cir S · Lakeland, FL 33805

$210,000

2 bd · 1.0 ba · 1,043 sqft · SingleFamily public records · 64 Days on market

Built 1960 7,000 sqft lot

---

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 +13.9/30.0
• ARV discount +7.5/15.0
• DSCR +4.2/10.0
• Livability +3.9/5.0
• Schools +3.5/10.0
• 1% rule +2.8/10.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Total Remodel!! New architectural shingled roof, kitchen remodeled with granite countertops, wood cabinets and laminate flooring, bathroom updated, exterior/interior have been painted, , flooring throughout replaced along with interior doors and trim, , must see!!

Key facts

• Fenced in backyard
• Storage shed
• Fresh interior paint

Tags

• NEW ROOF
• FRESH INTERIOR PAINT
• STAINLESS STEEL APPLIANCES
• PARTIAL FLOORING REPLACEMENT
• STORAGE SHED
• FENCED IN BACKYARD

Property features AI

Finance

• Other: Property is residential (single family); Zoning: RA-4; Living area approximately 1,043 square feet
• Financial info: Lease restrictions apply
• HOA & community: No association fees; No community features listed

Exterior

• Parking: No dedicated parking
• Security: Security system (owned)
• Utilities: Public water; Public sewer; Electricity available; Natural gas available
• Home design: Single family residence; One story; Faces north
• Construction: Vinyl siding and frame construction; Shingle roof; Slab foundation; Built on a 0.16-acre lot
• Exterior features: Other exterior features; Other fencing

Interior

• Kitchen: Dishwasher; Microwave; Other appliance(s)
• Bedrooms: 3 bedrooms
• Flooring: Laminate flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Security system (owned); Open floor plan (3 total rooms)
• Laundry & utility: Dedicated laundry room

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $210k.

Deal economics

• At list price, monthly cash flow is $25 ($299/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $163k (22.4% below list).
• Recommended offer: $163k (22.4% below list) — sets the bar for 1% rule.

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; 162 active listings in the ZIP; 27 comparable units currently listed for rent nearby; rentals at typical pace (median 22d 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 31% of the median local income ($63k/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

• It's been on market 64 days — a 6% lower offer ($197k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 8y 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.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $163,012 (22.4% below list)

Questions for the listing agent

1. It's been on market 64 days. Have you received any prior offers? Is the seller open to a 22% concession, seller financing, or rate buy-down credit?
2. Built in 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 0.78% ✗
• Cap rate: 6.44%
• Cash-on-cash: 0.51%
• DSCR: 1.02
• GRM: 10.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.77% rent growth · sell at horizon

5-year hold

• IRR: -17.8%
• Equity multiple: 0.39×
• Total profit: $-36,111
• Equity at exit: $31,312

10-year hold

• IRR: -14.2%
• Equity multiple: 0.25×
• Total profit: $-43,812
• Equity at exit: $18,157

Cash invested: $58,800 (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 33805

• Home prices YoY: -29.8%
• Rents YoY: 0.8%
• Active inventory: 162
• Price-to-rent: 10.7×

Monthly cashflow live

• Estimated rent: $1,630 high
• Mortgage (P&I): −$1,101
• Tax from tax record: −$74 /mo · $889/yr
• Insurance: −$88
• HOA: −$0
• Vacancy / Maint / Mgmt: −$342
• Net cashflow: $25

Break-even live

Break-even rent $1,599

Max offer price $210,000

Occupancy floor 93%

Sensitivity live

Price	-10% $144	-5% $84	+0% $25	+5% $-35	+10% $-94
Rent	-10% $-104	-5% $-39	+0% $25	+5% $89	+10% $154
Rate	-1.0pp $131	-0.5pp $78	base $25	+0.5pp $-29	+1.0pp $-85

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: $52,500
• Closing costs: $6,300
• Reserves months: —
• Total cash needed: —

Rent comps 27 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
408 Bassedena Cir N Lakeland, FL	3.0	2.0	1075	$1,825	$1.70	24d	1	0.10mi
123 Oconee St Unit 1368863P Lakeland, FL	2.0	1.0	990	$2,441	$2.47	12d	1	0.22mi
1704 Martin L King Jr Ave Lakeland, FL	2.0	2.0	1050	$5,000	$4.76	24d	1	0.23mi
1615 N New York Ave Lakeland, FL	2.0	1.0	1300	$1,195	$0.92	24d	1	0.30mi
454 King Edward Ave Lakeland, FL	2.0	2.0	1048	$1,399	$1.33	3d	1	0.47mi
321 Queen Mary Loop Lakeland, FL	2.0	2.0	1244	$1,599	$1.29	3d	1	0.49mi
617 Lakehurst St Lakeland, FL	3.0	2.0	1100	$1,900	$1.73	19d	1	0.56mi
820 W 13th St Lakeland, FL	2.0	1.0	950	$1,300	$1.37	24d	1	0.58mi
721 E Lowell St Lakeland, FL	3.0	2.0	1298	$1,595	$1.23	24d	1	0.61mi
720 Lakehurst St Lakeland, FL	3.0	2.0	1092	$1,750	$1.60	24d	1	0.62mi
3215 Baird Ave Lakeland, FL	1.0–2.0	1.0	794	$1,250	$1.57	14d	4	0.74mi
1211 Robert King High Dr Lakeland, FL	3.0	1.5	1050	$1,625	$1.55	24d	1	0.89mi
1550 Wright Dr Lakeland, FL	3.0	1.5	1139	$1,650	$1.45	22d	1	0.98mi
1031 N Florence Ave Unit NA Lakeland, FL	3.0	2.0	1100	$1,495	$1.36	15d	1	1.02mi
1480 Kathleen Rd Lakeland, FL	2.0	1.0	868	$1,345	$1.55	3d	1	1.16mi
308 W Crescent Dr Unit 2 Lakeland, FL	1.0	1.0	700	$1,150	$1.64	24d	1	1.21mi
321 Emma St Lakeland, FL	2.0	1.0	730	$1,395	$1.91	24d	1	1.21mi
711 N Virginia Ave Lakeland, FL	2.0	1.0	780	$1,100	$1.41	24d	1	1.22mi
850 Martin L King Jr Ave Lakeland, FL	3.0	1.0	1222	$1,495	$1.22	24d	1	1.24mi
310 Plum St Unit 7 Lakeland, FL	2.0	1.0	850	$1,200	$1.41	24d	1	1.30mi
809 Adams St Lakeland, FL	3.0	1.0	1164	$1,525	$1.31	15d	1	1.33mi
131 Pear St Lakeland, FL	2.0	1.0	741	$950	$1.28	24d	1	1.34mi
3685 Victoria Manor Dr Lakeland, FL	3.0	1.0–2.0	1154	$1,507	$1.31	3d	17	1.36mi
929 Gilmore Ave Lakeland, FL	2.0	1.0–1.5	620	$1,280	$2.06	3d	20	1.39mi
1128 Neville Ave Lakeland, FL	3.0	2.0	1245	$1,900	$1.53	15d	1	1.40mi
1128 Roselle Ave Unit 1130 Lakeland, FL	2.0	1.0	780	$1,200	$1.54	3d	1	1.43mi
1031 Neville Ave Lakeland, FL	2.0	2.0	728	$1,375	$1.89	19d	1	1.45mi

Listing history 22 events

1. 2026-06-13
   statusdays on market $210,000 Pending 64 DOM
2. 2026-06-10
   days on market $210,000 Active 61 DOM
3. 2026-06-09
   days on market $210,000 Active 60 DOM
4. 2026-06-08
   days on market $210,000 Active 59 DOM
5. 2026-06-07
   days on market $210,000 Active 58 DOM
6. 2026-06-05
   days on market $210,000 Active 55 DOM
7. 2026-06-03
   days on market $210,000 Active 54 DOM
8. 2026-06-03
   days on market $210,000 Active 53 DOM
9. 2026-06-01
   days on market $210,000 Active 52 DOM
10. 2026-05-31
    days on market $210,000 Active 51 DOM
11. 2026-05-14
    price $210,000
12. 2026-04-10
    listed $220,000 Active
13. 2026-03-27
    soldstatus $205,000
14. 2018-08-22
    soldstatus $114,900
15. 2018-08-17
    soldstatus $114,900 Sold 264-char remark

    Show marketing remark (264 chars)

    Total Remodel!! New architectural shingled roof, kitchen remodeled with granite countertops, wood cabinets and laminate flooring, bathroom updated, exterior/interior have been painted, , flooring throughout replaced along with interior doors and trim, , must see!!

16. 2018-07-07
    status Pending 264-char remark

    Show marketing remark (264 chars)

    Total Remodel!! New architectural shingled roof, kitchen remodeled with granite countertops, wood cabinets and laminate flooring, bathroom updated, exterior/interior have been painted, , flooring throughout replaced along with interior doors and trim, , must see!!

17. 2018-06-28
    listed $114,900 Active 264-char remark

    Show marketing remark (264 chars)

    Total Remodel!! New architectural shingled roof, kitchen remodeled with granite countertops, wood cabinets and laminate flooring, bathroom updated, exterior/interior have been painted, , flooring throughout replaced along with interior doors and trim, , must see!!

18. 2018-04-26
    soldstatus $38,000 Sold 408-char remark

    Show marketing remark (408 chars)

    BACK ON MARKET! Super convenient location for this bungalow home just waiting for a buyer to fix it up. Located in an established neighborhood just 1 block off of US 98N. Great rental income potential or for rehabbing. The yard is a good size and open with trees in rear. Inside Laundry area. No HOA. Actual 3 bedrooms and 1043 SF as Polk PA does not list the 3rd bedroom and additional enclosed front porch.

19. 2018-04-20
    status Pending 408-char remark

    Show marketing remark (408 chars)

    BACK ON MARKET! Super convenient location for this bungalow home just waiting for a buyer to fix it up. Located in an established neighborhood just 1 block off of US 98N. Great rental income potential or for rehabbing. The yard is a good size and open with trees in rear. Inside Laundry area. No HOA. Actual 3 bedrooms and 1043 SF as Polk PA does not list the 3rd bedroom and additional enclosed front porch.

20. 2018-04-13
    status Active 408-char remark

    Show marketing remark (408 chars)

    BACK ON MARKET! Super convenient location for this bungalow home just waiting for a buyer to fix it up. Located in an established neighborhood just 1 block off of US 98N. Great rental income potential or for rehabbing. The yard is a good size and open with trees in rear. Inside Laundry area. No HOA. Actual 3 bedrooms and 1043 SF as Polk PA does not list the 3rd bedroom and additional enclosed front porch.

21. 2018-04-05
    status Pending 408-char remark

    Show marketing remark (408 chars)

    BACK ON MARKET! Super convenient location for this bungalow home just waiting for a buyer to fix it up. Located in an established neighborhood just 1 block off of US 98N. Great rental income potential or for rehabbing. The yard is a good size and open with trees in rear. Inside Laundry area. No HOA. Actual 3 bedrooms and 1043 SF as Polk PA does not list the 3rd bedroom and additional enclosed front porch.

22. 2018-03-26
    listed $42,900 Active 408-char remark

    Show marketing remark (408 chars)

    BACK ON MARKET! Super convenient location for this bungalow home just waiting for a buyer to fix it up. Located in an established neighborhood just 1 block off of US 98N. Great rental income potential or for rehabbing. The yard is a good size and open with trees in rear. Inside Laundry area. No HOA. Actual 3 bedrooms and 1043 SF as Polk PA does not list the 3rd bedroom and additional enclosed front porch.

ⓘ 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: $889 · $74/mo
• Projected year-2 tax: $1,743 · $145/mo
• Expected delta: +$854/yr (+$71/mo · 96.0%)

ⓘ 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 · 24 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: $19,561
• − Mortgage interest: −$11,763
• − Property taxes: −$889
• − Insurance: −$1,050
• − Repairs & maintenance: −$1,565
• − Management: −$1,565
• − Depreciation: −$6,109
• Taxable loss: −$3,380
• Est. tax savings @ 24.0%: +$811
• After-tax cash flow: $1,110/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

• Census place: Lakeland, FL
• County: Polk County · 740,051 people
• City population: 277,690
• Metro: Lakeland-Winter Haven, FL
• Population (ZIP): 28,751
• Household income: $62,661
• Rent vs Own: 50.1% rent · 49.9% own
• Severe rent burden: 1179.0

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 0.68)
• Race & ethnicity: White 38% Black 37% Hispanic / Latino 20% Two or more races 8% Asian 1%
• Hispanic origin (detail): Mexican 5% Puerto Rican 9% Cuban 2%
• Common ancestry: Hispanic 2% Lithuanian 1% Romanian 1%
• Foreign-born: 12% · Canada, Jamaica
• Languages at home: 79% English-only · Spanish 16% French/Haitian/Cajun 2% 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: ▼ -158.44%
• Current HPI: 372.7317
• Rent YoY: ▲ 0.77%
• 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

+389.5% since first listed

12 events — show timeline

• 2026-05-14 Price Changed $210,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-10 Listed $220,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-27 Sold (Public Records) $205,000 Public Records
• 2018-08-22 Sold (Public Records) $114,900 Public Records
• 2018-08-17 Sold (MLS) $114,900 Stellar MLS as Distributed by MLS Grid
• 2018-07-07 Pending — Stellar MLS as Distributed by MLS Grid
• 2018-06-28 Listed $114,900 Stellar MLS as Distributed by MLS Grid
• 2018-04-26 Sold (MLS) $38,000 Stellar MLS as Distributed by MLS Grid
• 2018-04-20 Pending — Stellar MLS as Distributed by MLS Grid
• 2018-04-13 Relisted — Stellar MLS as Distributed by MLS Grid
• 2018-04-05 Pending — Stellar MLS as Distributed by MLS Grid
• 2018-03-26 Listed $42,900 Stellar MLS as Distributed by MLS Grid

Property tax history

+16.8%/yr

Latest (2025): $889 · +4.4% YoY. Source: county tax records.