1629 Tally HO Dr · Lakeland, FL 33810

$187,000

2 bd · 2.0 ba · 1,482 sqft · Manufactured public records · 15 Days on market

Built 1986 4,783 sqft lot $80/mo HOA · 5% of rent

---

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 +18.3/30.0
• ARV discount +7.5/15.0
• DSCR +5.7/10.0
• 1% rule +4.5/10.0
• 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

IMMACULATE MOVE IN READY HOME FEATURES: 1 car GARAGE with shop/storage, plus a CARPORT, NEW A/C July 2019!!, Metal ROOF, NEW WINDOWS, NEW WATER HEATER, NEW BATH, Wired for Whole House Generator, Inside Laundry, lots of storage, split bedrooms for extra privacy. There is a living room and family room plus an air conditioned lanai with partial view of the lake! This home is walking distance to the clubhouse and pool! All furniture is included! Here's your opportunity to live in FOXWOOD LAKE ESTATES! An active 55+ community with NO LOT RENT and amenities that include a large Clubhouse with many clubs and activities so you’ll never be bored living here! Heated Pool and Spa - Indoor Sauna - Health Fitness Center - Lighted Covered Shuffle Courts - Billiard Tables – Pickle Ball – Fishing Dock - a walking path around a beautiful lake and low HOA fees of only $542 per year!! Come see it today! To schedule an appointment, please provide your agent with a pre-approval letter (if financing) or proof of funds (if cash purchase).

Key facts

• Natural light
• Den off kitchen
• Tons of storage

Tags

• SHIPLAP WALLS
• SEPARATE LIVING ROOM
• DEN OFF KITCHEN
• UPDATED SHOWER STALLS
• NATURAL LIGHT
• TONS OF STORAGE

Property features AI

Finance

• Other: Furnished; Association contact/hours listed
• Financial info: Lease restrictions apply
• HOA & community: Has HOA; approval required; Monthly HOA fee of $80.67 (annual $968); HOA covers common area taxes, pool, escrow reserves, private road, recreational facilities, security; Community amenities include clubhouse, fitness center, pool, recreation facilities, sauna, spa/hot tub, pickleball courts, shuffleboard courts, security; Senior community; Pets allowed; Buyer approval required; Deed restrictions; Community mailbox

Exterior

• Parking: Covered parking; Driveway; Attached garage (1 car); Carport (1 car)
• Utilities: Public water; Public sewer; Electricity connected; Water connected; Sewer connected; Cable available
• Home design: Manufactured home (double wide); One level; South facing
• Construction: Vinyl siding; Metal roof; Built with crawlspace foundation
• Exterior features: Covered enclosed side porch; Covered patio/porch; Rain gutters; Sliding doors; Shed(s); Workshop; Mature landscaping; Corner lot; Level lot; Paved lot; Private maintained road; Fishing pier (water extras)

Interior

• Kitchen: Built-in oven; Cooktop; Dishwasher; Exhaust fan; Refrigerator
• Bedrooms: 2 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Built-in features; Ceiling fans; High ceilings; Florida room
• Laundry & utility: Washer included; Laundry inside; Crawlspace foundation

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $187k.

Deal economics

• At list price, monthly cash flow is $171 ($2k/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 $177k (5.3% below list).
• Recommended offer: $177k (5.3% 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 rising (+2.8%/yr); 504 active listings in the ZIP; 25 comparable units currently listed for rent nearby; rentals at typical pace (median 16d 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 30% 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

• It's been on market 15 days — a 2% lower offer ($184k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 7y 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 $132k; 42% 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 $177,056 (5.3% below list)

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 0.95% ✗
• Cap rate: 7.39%
• Cash-on-cash: 3.93%
• DSCR: 1.17
• GRM: 8.8

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: -10.4%
• Equity multiple: 0.62×
• Total profit: $-19,794
• Equity at exit: $27,882

10-year hold

• IRR: -1.4%
• Equity multiple: 0.91×
• Total profit: $-4,836
• Equity at exit: $16,168

Cash invested: $52,360 (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: 8.8×

Monthly cashflow live

• Estimated rent: $1,771 high
• Mortgage (P&I): −$981
• Tax from tax record: −$89 /mo · $1,066/yr
• Insurance: −$78
• HOA: −$80
• Vacancy / Maint / Mgmt: −$372
• Net cashflow: $171

Break-even live

Break-even rent $1,554

Max offer price $187,000

Occupancy floor 85%

Sensitivity live

Price	-10% $277	-5% $224	+0% $171	+5% $118	+10% $65
Rent	-10% $31	-5% $101	+0% $171	+5% $241	+10% $311
Rate	-1.0pp $266	-0.5pp $219	base $171	+0.5pp $123	+1.0pp $74

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: $46,750
• Closing costs: $5,610
• Reserves months: —
• Total cash needed: —

Rent comps 25 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5227 Grace St E Lakeland, FL	3.0	2.0	1062	$1,775	$1.67	24d	1	0.34mi
4500 Williamstown Blvd Lakeland, FL	3.0	1.0–2.0	1062	$1,508	$1.42	24d	1	0.58mi
907 Swann Dr Lakeland, FL	3.0	3.0	1601	$1,960	$1.22	15d	1	0.62mi
1510 Galloway Oaks Dr Lakeland, FL	2.0–3.0	2.0	1066	$1,376	$1.29	22d	8	0.65mi
1545 Kennedy Blvd Lakeland, FL	1.0–3.0	1.0–2.0	997	$1,682	$1.69	3d	24	0.74mi
5233 US Highway 98 N Lakeland, FL	1.0–2.0	1.0–2.0	794	$1,505	$1.89	3d	15	0.76mi
4240 Summer Landing Dr #106 Lakeland, FL	3.0	2.0	1038	$1,700	$1.64	24d	1	0.78mi
4240 Summer Landing Dr Lakeland, FL	2.0–3.0	2.0	1083	$1,450	$1.34	15d	2	0.78mi
6120 Burnett St Lakeland, FL	1.0–3.0	1.0–2.0	1002	$1,910	$1.91	4d	21	0.99mi
4083 Dover Terrace Dr Unit 4083 Lakeland, FL	3.0	2.5	1771	$1,975	$1.12	24d	1	1.05mi
3867 Hampstead Ln Lakeland, FL	3.0	2.5	1633	$1,795	$1.10	4d	1	1.09mi
4111 Solamor St Lakeland, FL	3.0	2.0	1619	$2,400	$1.48	15d	1	1.13mi
3824 Exeter Ln Lakeland, FL	3.0	2.5	1771	$1,795	$1.01	4d	1	1.13mi
3805 Exeter Ln Lakeland, FL	3.0	2.5	1771	$1,900	$1.07	15d	1	1.13mi
3842 Hampstead Ln Lakeland, FL	3.0	2.5	1633	$1,800	$1.10	15d	1	1.14mi
909 Shirley Ann Trl Lakeland, FL	2.0	2.0	950	$1,460	$1.54	24d	1	1.17mi
733 Carpenters Way #37 Lakeland, FL	2.0	1.5	1307	$1,400	$1.07	20d	1	1.23mi
6032 Norton Rd Unit 6032 Lakeland, FL	2.0	2.0	880	$1,295	$1.47	24d	1	1.26mi
4048 Chelsea Ln Lakeland, FL	3.0	2.0	1697	$2,320	$1.37	4d	1	1.31mi
6031 Crafton Dr Lakeland, FL	2.0	1.0	914	$1,125	$1.23	15d	1	1.31mi
3939 Golf Village Loop Lakeland, FL	2.0	1.0–2.0	878	$1,619	$1.84	4d	6	1.36mi
3852 Hampton Hills Dr Lakeland, FL	3.0	2.0	1861	$1,950	$1.05	11d	1	1.45mi
5817 Daughtery Downs Loop Lakeland, FL	3.0	2.0	1609	$1,800	$1.12	15d	1	1.47mi
5817 Daughtery Downs Loop Lakeland, FL	3.0	2.0	1609	$1,800	$1.12	24d	1	1.47mi
6131 Doe Cir E Lakeland, FL	3.0	2.0	1353	$1,700	$1.26	15d	1	1.47mi

HOA detail

• Monthly dues: $80 · $960/yr
• Likely covers: waterpoolgym

Listing history 12 events

1. 2026-06-16
   status $187,000 Pending 15 DOM
2. 2026-06-15
   days on market $187,000 Active 15 DOM
3. 2026-06-13
   days on market $187,000 Active 13 DOM
4. 2026-06-10
   days on market $187,000 Active 10 DOM
5. 2026-06-09
   statusdays on market $187,000 Active 9 DOM
6. 2026-05-20
   listed $187,000 Active
7. 2020-01-29
   soldstatus $132,000
8. 2019-12-27
   soldstatus $132,000 Sold 1049-char remark

   Show marketing remark (1049 chars)

   IMMACULATE MOVE IN READY HOME FEATURES: 1 car GARAGE with shop/storage, plus a CARPORT, NEW A/C July 2019!!, Metal ROOF, NEW WINDOWS, NEW WATER HEATER, NEW BATH, Wired for Whole House Generator, Inside Laundry, lots of storage, split bedrooms for extra privacy. There is a living room and family room plus an air conditioned lanai with partial view of the lake! This home is walking distance to the clubhouse and pool! All furniture is included! Here's your opportunity to live in FOXWOOD LAKE ESTATES! An active 55+ community with NO LOT RENT and amenities that include a large Clubhouse with many clubs and activities so you’ll never be bored living here! Heated Pool and Spa - Indoor Sauna - Health Fitness Center - Lighted Covered Shuffle Courts - Billiard Tables – Pickle Ball – Fishing Dock - a walking path around a beautiful lake and low HOA fees of only $542 per year!! Come see it today! To schedule an appointment, please provide your agent with a pre-approval letter (if financing) or proof of funds (if cash purchase).

9. 2019-11-22
   status Pending 1049-char remark

   Show marketing remark (1049 chars)

   IMMACULATE MOVE IN READY HOME FEATURES: 1 car GARAGE with shop/storage, plus a CARPORT, NEW A/C July 2019!!, Metal ROOF, NEW WINDOWS, NEW WATER HEATER, NEW BATH, Wired for Whole House Generator, Inside Laundry, lots of storage, split bedrooms for extra privacy. There is a living room and family room plus an air conditioned lanai with partial view of the lake! This home is walking distance to the clubhouse and pool! All furniture is included! Here's your opportunity to live in FOXWOOD LAKE ESTATES! An active 55+ community with NO LOT RENT and amenities that include a large Clubhouse with many clubs and activities so you’ll never be bored living here! Heated Pool and Spa - Indoor Sauna - Health Fitness Center - Lighted Covered Shuffle Courts - Billiard Tables – Pickle Ball – Fishing Dock - a walking path around a beautiful lake and low HOA fees of only $542 per year!! Come see it today! To schedule an appointment, please provide your agent with a pre-approval letter (if financing) or proof of funds (if cash purchase).

10. 2019-11-12
    price $135,000 1049-char remark

    Show marketing remark (1049 chars)

    IMMACULATE MOVE IN READY HOME FEATURES: 1 car GARAGE with shop/storage, plus a CARPORT, NEW A/C July 2019!!, Metal ROOF, NEW WINDOWS, NEW WATER HEATER, NEW BATH, Wired for Whole House Generator, Inside Laundry, lots of storage, split bedrooms for extra privacy. There is a living room and family room plus an air conditioned lanai with partial view of the lake! This home is walking distance to the clubhouse and pool! All furniture is included! Here's your opportunity to live in FOXWOOD LAKE ESTATES! An active 55+ community with NO LOT RENT and amenities that include a large Clubhouse with many clubs and activities so you’ll never be bored living here! Heated Pool and Spa - Indoor Sauna - Health Fitness Center - Lighted Covered Shuffle Courts - Billiard Tables – Pickle Ball – Fishing Dock - a walking path around a beautiful lake and low HOA fees of only $542 per year!! Come see it today! To schedule an appointment, please provide your agent with a pre-approval letter (if financing) or proof of funds (if cash purchase).

11. 2019-10-25
    listed $148,900 Active 1049-char remark

    Show marketing remark (1049 chars)

    IMMACULATE MOVE IN READY HOME FEATURES: 1 car GARAGE with shop/storage, plus a CARPORT, NEW A/C July 2019!!, Metal ROOF, NEW WINDOWS, NEW WATER HEATER, NEW BATH, Wired for Whole House Generator, Inside Laundry, lots of storage, split bedrooms for extra privacy. There is a living room and family room plus an air conditioned lanai with partial view of the lake! This home is walking distance to the clubhouse and pool! All furniture is included! Here's your opportunity to live in FOXWOOD LAKE ESTATES! An active 55+ community with NO LOT RENT and amenities that include a large Clubhouse with many clubs and activities so you’ll never be bored living here! Heated Pool and Spa - Indoor Sauna - Health Fitness Center - Lighted Covered Shuffle Courts - Billiard Tables – Pickle Ball – Fishing Dock - a walking path around a beautiful lake and low HOA fees of only $542 per year!! Come see it today! To schedule an appointment, please provide your agent with a pre-approval letter (if financing) or proof of funds (if cash purchase).

12. 1983-06-01
    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: $1,066 · $89/mo
• Projected year-2 tax: $1,552 · $129/mo
• Expected delta: +$486/yr (+$40/mo · 45.6%)

ⓘ 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 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: $21,247
• − Mortgage interest: −$10,475
• − Property taxes: −$1,066
• − Insurance: −$935
• − Repairs & maintenance: −$1,700
• − Management: −$1,700
• − HOA: −$960
• − Depreciation: −$5,440
• Taxable loss: −$1,029
• Est. tax savings @ 24.0%: +$247
• After-tax cash flow: $2,303/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

+1600.0% since first listed

7 events — show timeline

• 2026-05-20 Listed $187,000 Stellar MLS as Distributed by MLS Grid
• 2020-01-29 Sold (Public Records) $132,000 Public Records
• 2019-12-27 Sold (MLS) $132,000 Stellar MLS as Distributed by MLS Grid
• 2019-11-22 Pending — Stellar MLS as Distributed by MLS Grid
• 2019-11-12 Price Changed $135,000 Stellar MLS as Distributed by MLS Grid
• 2019-10-25 Listed $148,900 Stellar MLS as Distributed by MLS Grid
• 1983-06-01 Sold (Public Records) $11,000 Public Records

Property tax history

+6.6%/yr

Latest (2025): $1,066 · +4.1% YoY. Source: county tax records.