5021 Cornell St · Lakeland, FL 33810

$129,900

2 bd · 1.0 ba · 999 sqft · SingleFamily public records · 1 Days on market

Built 1963 7,200 sqft lot

---

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 +27.7/30.0
• DSCR +9.7/10.0
• ARV discount +7.5/15.0
• 1% rule +7.1/10.0
• 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 MLS

Very nice masonry block home located in North Lakeland. Close to everything! Home has 3 bedrooms and 1 bath with 1,327 SF of living area. Laminate flooring, new paint throughout. Has appliances and a brand new range with air fryer. A new AC is also being installed. The flat part of the roof is new. Shingle part of roof was done in 2012 (permit pulled. ) There is a covered screened in porch, 2 sheds and a very nice area in back. Landscaped. Home is Move-in Ready!

Key facts

• 7,200 sq ft lot
• Built 1963

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $130k.

Deal economics

• At list price, monthly cash flow is $391 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $130k).

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 rising (+2.8%/yr); 504 active listings in the ZIP; 16 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 10,384 units permitted in Polk County in 2024 (1,716 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $898 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 + 2.8% rent growth), your $36k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 4y 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→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $129,900

Questions for the listing agent

1. Built in 1963 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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.
4. 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.
5. 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: 1.21% ✓
• Cap rate: 9.91%
• Cash-on-cash: 12.91%
• DSCR: 1.57
• GRM: 6.9

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: 2.5%
• Equity multiple: 1.10×
• Total profit: $3,517
• Equity at exit: $19,369

10-year hold

• IRR: 11.9%
• Equity multiple: 1.93×
• Total profit: $33,712
• Equity at exit: $11,231

Cash invested: $36,372 (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: 6.9×

Monthly cashflow live

• Estimated rent: $1,576 high
• Mortgage (P&I): −$681
• Tax from tax record: −$118 /mo · $1,419/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$331
• Net cashflow: $391

Break-even live

Break-even rent $1,081

Max offer price $129,900

Occupancy floor 70%

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: $32,475
• Closing costs: $3,897
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1567 Longbow Dr Lakeland, FL	2.0	1.5	864	$1,195	$1.38	3d	1	0.24mi
5227 Grace St E Lakeland, FL	3.0	2.0	1062	$1,775	$1.67	23d	1	0.25mi
5233 US Highway 98 N Lakeland, FL	1.0–2.0	1.0–2.0	794	$1,505	$1.89	2d	15	0.44mi
1510 Galloway Oaks Dr Lakeland, FL	2.0–3.0	2.0	1066	$1,376	$1.29	21d	8	0.58mi
4355 Corporate Ave Lakeland, FL	2.0	2.0	872	$1,531	$1.76	10d	1	0.67mi
4500 Williamstown Blvd Lakeland, FL	3.0	1.0–2.0	1062	$1,508	$1.42	23d	1	0.69mi
1545 Kennedy Blvd Lakeland, FL	1.0–3.0	1.0–2.0	997	$1,682	$1.69	2d	24	0.76mi
4240 Summer Landing Dr #106 Lakeland, FL	3.0	2.0	1038	$1,700	$1.64	23d	1	0.78mi
4240 Summer Landing Dr Lakeland, FL	2.0–3.0	2.0	1083	$1,450	$1.34	14d	2	0.79mi
6120 Burnett St Lakeland, FL	1.0–3.0	1.0–2.0	1002	$1,910	$1.91	3d	21	1.03mi
909 Shirley Ann Trl Lakeland, FL	2.0	2.0	950	$1,460	$1.54	23d	1	1.10mi
3939 Golf Village Loop Lakeland, FL	2.0	1.0–2.0	878	$1,619	$1.84	3d	6	1.11mi
6032 Norton Rd Unit 6032 Lakeland, FL	2.0	2.0	880	$1,295	$1.47	23d	1	1.17mi
6031 Crafton Dr Lakeland, FL	2.0	1.0	914	$1,125	$1.23	14d	1	1.19mi
141 Fernery Rd Unit D1 Lakeland, FL	2.0	1.0	840	$1,160	$1.38	21d	1	1.24mi
6525 Green Rd Lakeland, FL	1.0	1.0	551	$999	$1.81	23d	1	1.50mi

Listing history 12 events

1. 2026-03-19
   status Pending
2. 2026-03-18
   listed $129,900 Active
3. 2025-01-13
   status Active
4. 2024-12-29
   status Pending
5. 2024-10-01
   listed $215,000 Active
6. 2023-02-15
   soldstatus $205,000
7. 2023-02-14
   soldstatus $205,000 Closed 471-char remark

   Show marketing remark (471 chars)

   Very nice masonry block home located in North Lakeland. Close to everything! Home has 3 bedrooms and 1 bath with 1,327 SF of living area. Laminate flooring, new paint throughout. Has appliances and a brand new range with air fryer. A new AC is also being installed. The flat part of the roof is new. Shingle part of roof was done in 2012 (permit pulled. ) There is a covered screened in porch, 2 sheds and a very nice area in back. Landscaped. Home is Move-in Ready!

8. 2023-01-19
   status Pending 471-char remark

   Show marketing remark (471 chars)

   Very nice masonry block home located in North Lakeland. Close to everything! Home has 3 bedrooms and 1 bath with 1,327 SF of living area. Laminate flooring, new paint throughout. Has appliances and a brand new range with air fryer. A new AC is also being installed. The flat part of the roof is new. Shingle part of roof was done in 2012 (permit pulled. ) There is a covered screened in porch, 2 sheds and a very nice area in back. Landscaped. Home is Move-in Ready!

9. 2022-11-09
   price $219,500 471-char remark

   Show marketing remark (471 chars)

   Very nice masonry block home located in North Lakeland. Close to everything! Home has 3 bedrooms and 1 bath with 1,327 SF of living area. Laminate flooring, new paint throughout. Has appliances and a brand new range with air fryer. A new AC is also being installed. The flat part of the roof is new. Shingle part of roof was done in 2012 (permit pulled. ) There is a covered screened in porch, 2 sheds and a very nice area in back. Landscaped. Home is Move-in Ready!

10. 2022-10-20
    listed $229,500 Active 471-char remark

    Show marketing remark (471 chars)

    Very nice masonry block home located in North Lakeland. Close to everything! Home has 3 bedrooms and 1 bath with 1,327 SF of living area. Laminate flooring, new paint throughout. Has appliances and a brand new range with air fryer. A new AC is also being installed. The flat part of the roof is new. Shingle part of roof was done in 2012 (permit pulled. ) There is a covered screened in porch, 2 sheds and a very nice area in back. Landscaped. Home is Move-in Ready!

11. 2022-08-19
    soldstatus $155,000
12. 1984-12-01
    soldstatus $33,500

ⓘ 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: $1,419 · $118/mo
• Projected year-2 tax: $1,419 · $118/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 4/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥108°F today · 25 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: $18,909
• − Mortgage interest: −$7,276
• − Property taxes: −$1,419
• − Insurance: −$650
• − Repairs & maintenance: −$1,513
• − Management: −$1,513
• − Depreciation: −$3,779
• Taxable income: $2,759
• Est. tax owed @ 24.0%: −$662
• After-tax cash flow: $4,032/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): 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

+287.8% since first listed

12 events — show timeline

• 2026-03-19 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-03-18 Listed $129,900 Stellar MLS as Distributed by MLS Grid
• 2025-01-13 Relisted — Stellar MLS as Distributed by MLS Grid
• 2024-12-29 Pending — Stellar MLS as Distributed by MLS Grid
• 2024-10-01 Listed $215,000 Stellar MLS as Distributed by MLS Grid
• 2023-02-15 Sold (Public Records) $205,000 Public Records
• 2023-02-14 Sold (MLS) $205,000 Stellar MLS as Distributed by MLS Grid
• 2023-01-19 Pending — Stellar MLS as Distributed by MLS Grid
• 2022-11-09 Price Changed $219,500 Stellar MLS as Distributed by MLS Grid
• 2022-10-20 Listed $229,500 Stellar MLS as Distributed by MLS Grid
• 2022-08-19 Sold (Public Records) $155,000 Public Records
• 1984-12-01 Sold (Public Records) $33,500 Public Records

Property tax history

-1.4%/yr

Latest (2025): $1,419 · -31.8% YoY. Source: county tax records.