371 Highlands Way · Bartow, FL 33830

$189,900

3 bd · 2.0 ba · 1,152 sqft · Manufactured public records · 405 Days on market

Built 1994 0.26 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 +21.0/30.0
• ARV discount +7.5/15.0
• DSCR +6.7/10.0
• 1% rule +5.1/10.0
• Schools +3.5/10.0
• Livability +3.4/5.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great 3 bedroom 2 bath manufactured home that sits on a 1/4 acre lot. Needs a little tlc but priced accordingly

Key facts

• New water heater
• Updated bathrooms
• New roof

Tags

• UPDATED BATHROOMS
• NEW WATER HEATER
• NEW ROOF

Property features AI

Finance

• Other: Lot roughly 0.26 acres (approx. 90 x 125)
• Financial info: No lease restrictions
• HOA & community: No HOA / association

Exterior

• Parking: No parking details provided
• Security: No security features listed
• Utilities: Public water; Septic tank sewer; Electricity connected
• Home design: Manufactured home (double wide); Residential property; One story; South facing
• Construction: Vinyl siding; Shingle roof; Crawlspace foundation; Built as a double wide manufactured home
• Exterior features: Other exterior features; Asphalt road access

Interior

• Kitchen: Other appliances
• Bedrooms: 3 bedrooms
• Flooring: Carpet flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Other interior features
• Laundry & utility: Laundry inside

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $190k.

Deal economics

• At list price, monthly cash flow is $268 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $190k).
• Recommended offer: $167k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 68/100 on livability (#526 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: employment C-, crime D-, amenities 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 (+2.7%/yr); 386 active listings in the ZIP; 10,384 units permitted in Polk County in 2024 (1,716 in 5+ unit buildings).
• This rent runs 36% of the median local income ($64k/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 405 days — a 12% lower offer ($167k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 2y ago; this cycle's ask has dropped $30k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $112k; list at $190k implies a 69% 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→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $167,112 (12.0% below list)

Questions for the listing agent

1. It's been on market 405 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
5. 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.
6. 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.
7. 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: 1.01% ✓
• Cap rate: 7.99%
• Cash-on-cash: 6.05%
• DSCR: 1.27
• GRM: 8.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.72% rent growth · sell at horizon

5-year hold

• IRR: -7.3%
• Equity multiple: 0.73×
• Total profit: $-14,234
• Equity at exit: $28,315

10-year hold

• IRR: 2.0%
• Equity multiple: 1.14×
• Total profit: $7,368
• Equity at exit: $16,419

Cash invested: $53,172 (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 33830

• Home prices YoY: -19.8%
• Rents YoY: 2.7%
• Active inventory: 386
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $1,925 medium
• Mortgage (P&I): −$996
• Tax from tax record: −$177 /mo · $2,128/yr
• Insurance: −$79
• HOA: −$0
• Vacancy / Maint / Mgmt: −$404
• Net cashflow: $268

Break-even live

Break-even rent $1,585

Max offer price $189,900

Occupancy floor 81%

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: $47,475
• Closing costs: $5,697
• Reserves months: —
• Total cash needed: —

Listing history 39 events

1. 2026-06-18
   days on market $189,900 Active 405 DOM
2. 2026-06-17
   days on market $189,900 Active 404 DOM
3. 2026-06-16
   days on market $189,900 Active 403 DOM
4. 2026-06-15
   pricedays on market $189,900 Active 402 DOM
5. 2026-06-13
   days on market $194,900 Active 400 DOM
6. 2026-06-10
   days on market $194,900 Active 397 DOM
7. 2026-06-09
   days on market $194,900 Active 396 DOM
8. 2026-06-08
   days on market $194,900 Active 395 DOM
9. 2026-06-07
   days on market $194,900 Active 394 DOM
10. 2026-06-05
    days on market $194,900 Active 391 DOM
11. 2026-06-03
    days on market $194,900 Active 389 DOM
12. 2026-06-01
    days on market $194,900 Active 388 DOM
13. 2026-05-31
    days on market $194,900 Active 387 DOM
14. 2026-05-15
    price $194,900
15. 2026-05-01
    price $196,900
16. 2026-03-23
    price $197,900
17. 2025-11-07
    price $199,900
18. 2025-10-15
    price $204,900
19. 2025-08-19
    price $209,900
20. 2025-07-21
    price $214,900
21. 2025-07-10
    price $217,900
22. 2025-06-03
    status Active
23. 2025-06-02
    status Pending
24. 2025-05-08
    listed $219,900 Active
25. 2025-01-17
    soldstatus $112,500
26. 2025-01-15
    soldstatus $112,500 Closed 111-char remark

    Show marketing remark (111 chars)

    Great 3 bedroom 2 bath manufactured home that sits on a 1/4 acre lot. Needs a little tlc but priced accordingly

27. 2024-12-10
    status Pending 111-char remark

    Show marketing remark (111 chars)

    Great 3 bedroom 2 bath manufactured home that sits on a 1/4 acre lot. Needs a little tlc but priced accordingly

28. 2024-12-09
    listed $114,900 Active 111-char remark

    Show marketing remark (111 chars)

    Great 3 bedroom 2 bath manufactured home that sits on a 1/4 acre lot. Needs a little tlc but priced accordingly

29. 2024-07-10
    price $160,000
30. 2024-05-29
    price $169,500
31. 2024-05-03
    status Active
32. 2024-04-22
    historical
33. 2024-04-17
    status Active
34. 2024-03-11
    price $175,000
35. 2024-03-04
    price $160,000
36. 2024-03-04
    price $185,000
37. 2024-01-22
    listed $168,000 Active
38. 2002-02-22
    soldstatus $63,000
39. 1996-04-11
    soldstatus $12,000

ⓘ 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: $2,128 · $177/mo
• Projected year-2 tax: $2,128 · $177/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 · 26 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,097
• − Mortgage interest: −$10,637
• − Property taxes: −$2,128
• − Insurance: −$950
• − Repairs & maintenance: −$1,848
• − Management: −$1,848
• − Depreciation: −$5,524
• Taxable income: $163
• Est. tax owed @ 24.0%: −$39
• After-tax cash flow: $3,180/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 — Bartow

• Score: 68/100
• State rank: #526
• US rank: #9835

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Polk County · 740,051 people
• City population: 33,740
• Metro: Lakeland-Winter Haven, FL
• Population (ZIP): 33,740
• Household income: $63,918
• Rent vs Own: 31.1% rent · 68.9% own
• Severe rent burden: 681.0

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: White 55% Hispanic / Latino 22% Black 18% Two or more races 13% Asian 2%
• Hispanic origin (detail): Mexican 13% Puerto Rican 5%
• Common ancestry: Italian 3% Slovak 1% Lithuanian 1%
• Foreign-born: 8% · Canada
• Languages at home: 81% English-only · Spanish 17% 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: ▼ -82.47%
• Current HPI: 333.3392
• Rent YoY: ▲ 2.72%
• 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

+1524.2% since first listed

26 events — show timeline

• 2026-05-15 Price Changed $194,900 Stellar MLS as Distributed by MLS Grid
• 2026-05-01 Price Changed $196,900 Stellar MLS as Distributed by MLS Grid
• 2026-03-23 Price Changed $197,900 Stellar MLS as Distributed by MLS Grid
• 2025-11-07 Price Changed $199,900 Stellar MLS as Distributed by MLS Grid
• 2025-10-15 Price Changed $204,900 Stellar MLS as Distributed by MLS Grid
• 2025-08-19 Price Changed $209,900 Stellar MLS as Distributed by MLS Grid
• 2025-07-21 Price Changed $214,900 Stellar MLS as Distributed by MLS Grid
• 2025-07-10 Price Changed $217,900 Stellar MLS as Distributed by MLS Grid
• 2025-06-03 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-06-02 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-05-08 Listed $219,900 Stellar MLS as Distributed by MLS Grid
• 2025-01-17 Sold (Public Records) $112,500 Public Records
• 2025-01-15 Sold (MLS) $112,500 Stellar MLS as Distributed by MLS Grid
• 2024-12-10 Pending — Stellar MLS as Distributed by MLS Grid
• 2024-12-09 Listed $114,900 Stellar MLS as Distributed by MLS Grid
• 2024-07-10 Price Changed $160,000 Stellar MLS as Distributed by MLS Grid
• 2024-05-29 Price Changed $169,500 Stellar MLS as Distributed by MLS Grid
• 2024-05-03 Relisted — Stellar MLS as Distributed by MLS Grid
• 2024-04-22 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2024-04-17 Relisted — Stellar MLS as Distributed by MLS Grid
• 2024-03-11 Price Changed $175,000 Stellar MLS as Distributed by MLS Grid
• 2024-03-04 Price Changed $160,000 Stellar MLS as Distributed by MLS Grid
• 2024-03-04 Price Changed $185,000 Stellar MLS as Distributed by MLS Grid
• 2024-01-22 Listed $168,000 Stellar MLS as Distributed by MLS Grid
• 2002-02-22 Sold (Public Records) $63,000 Public Records
• 1996-04-11 Sold (Public Records) $12,000 Public Records

Property tax history

+20.1%/yr

Latest (2025): $2,128 · +131.5% YoY. Source: county tax records.