1049 Edith Ave · Lakeland, FL 33805

$5,000

2 bd · 2.0 ba · 916 sqft · SingleFamily public records · 8 Days on market

Built 1994 7,841 sqft lot

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

Listing remarks MLS

One or more photo(s) has been virtually staged. Step into the lap of luxury in the heart of Lakeland with this exceptional home! This stunning abode boasts 3 spacious bedrooms and 2 beautifully designed baths, meticulously crafted with an eye for detail. Prepare to be amazed as you step through the door, where the floor adorned in all-new LUXURY WOOD PLANK VINYL flooring invites you to explore further. The family room seamlessly blends with the OPEN CONCEPT kitchen, featuring brand new WHITE SHAKER CABINETS, dazzling QUARTZ COUNTERTOPS, and sleek STAINLESS STEEL APPLIANCES. Sunlight floods in through an abundance of windows, magnificently enhanced by soaring VAULTED CEILINGS, bathing the space in breathtaking NATURAL LIGHT throughout the day. You'll find yourself relying less on artificial lights, as this home is designed to embrace the beauty of its surroundings. Prepare to be enthralled by the elegant 5 1/4 inch baseboards, adding a touch of grandeur to every room they grace. The bathrooms have been transformed into luxurious havens with MARBLE-LIKE PORCELAIN Tile stretching all the way to the ceiling. But that's not all! Discover a delightful surprise in the form of a rear bonus room, ready to be transformed into your personal sanctuary. Whether you dream of a captivating gaming area, a home office that fuels your productivity, or a private oasis with a built-in indoor HOT TUB, this space has it all. And to set the perfect mood for every occasion, an array of lighting features allows you to paint your world in any color that matches your mood. Conveniently located amidst an abundance of shops, restaurants, and medical facilities, this home is a gateway to an effortless and vibrant lifestyle. Schedule your showing today before someone else claims it for themselves! This is a home you won't want to let slip away!

Key facts

• 7,841 sq ft lot
• Built 1994
• Listed 7 days

Property features AI

Finance

• Other: Zoning: R-3

Exterior

• Parking: Driveway; On-street parking
• Utilities: Other water source; Other sewer
• Home design: Single-family residence; One story; Residential property
• Construction: Construction materials: see remarks; Other roof
• Exterior features: Front porch

Interior

• Flooring: Other flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: No heating; No cooling
• Interior features: Other flooring; One total room

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $5k.

Deal economics

• At list price, monthly cash flow is $1k ($12k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $5k).

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; 30 comparable units currently listed for rent nearby; rentals at typical pace (median 23d 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 $35 of loan paydown is wiped out by about $150 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 + 0.8% rent growth), your $1k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 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 $5,000

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
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: 27.24% ✓
• Cap rate: 256.20%
• Cash-on-cash: 892.53%
• DSCR: 40.71
• GRM: 0.3

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: —
• Equity multiple: 45.67×
• Total profit: $62,541
• Equity at exit: $746

10-year hold

• IRR: —
• Equity multiple: 92.58×
• Total profit: $128,211
• Equity at exit: $432

Cash invested: $1,400 (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: 0.3×

Monthly cashflow live

• Estimated rent: $1,362 high
• Mortgage (P&I): −$26
• Tax est. 1.5%: −$6 /mo · $75/yr
• Insurance: −$2
• HOA: −$0
• Vacancy / Maint / Mgmt: −$286
• Net cashflow: $1,041

Break-even live

Break-even rent $44

Max offer price $5,000

Occupancy floor 19%

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: $1,250
• Closing costs: $150
• Reserves months: —
• Total cash needed: —

Rent comps 30 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1035 N Davis Ave Lakeland, FL	2.0	2.0	870	$1,150	$1.32	18d	1	0.06mi
1137 Edith Ave Lakeland, FL	3.0	1.0	1100	$1,800	$1.64	3d	1	0.17mi
1027 N Brunnell Pkwy Lakeland, FL	2.0	1.0	826	$1,050	$1.27	2d	1	0.18mi
1105 Jewel Ave Lakeland, FL	2.0	1.0	987	$1,200	$1.22	23d	1	0.25mi
815 N Davis Ave Lakeland, FL	3.0	2.0	960	$1,450	$1.51	23d	1	0.30mi
1128 Roselle Ave Unit 1130 Lakeland, FL	2.0	1.0	780	$1,200	$1.54	2d	1	0.31mi
806 N Swindell Ave Lakeland, FL	3.0	2.0	995	$1,450	$1.46	23d	1	0.33mi
1031 Neville Ave Lakeland, FL	2.0	2.0	728	$1,375	$1.89	18d	1	0.36mi
1480 Kathleen Rd Lakeland, FL	2.0	1.0	868	$1,345	$1.55	3d	1	0.66mi
2259 Chestnut Woods Dr Lakeland, FL	2.0	1.0	1001	$1,400	$1.40	14d	1	1.04mi
2735 W 10th St Unit 7 Lakeland, FL	2.0	1.0	576	$925	$1.61	23d	1	1.07mi
2463 Chestnut Woods Dr Lakeland, FL	2.0	1.0	910	$1,500	$1.65	23d	1	1.09mi
1211 Robert King High Dr Lakeland, FL	3.0	1.5	1050	$1,625	$1.55	23d	1	1.10mi
2559 Chestnut Woods Dr Lakeland, FL	2.0	1.0	1001	$1,500	$1.50	14d	1	1.16mi
820 W 13th St Lakeland, FL	2.0	1.0	950	$1,300	$1.37	23d	1	1.18mi
455 Arapahoe Ave Lakeland, FL	2.0	1.0	750	$1,199	$1.60	18d	1	1.20mi
457 Arapahoe Ave Lakeland, FL	2.0	1.0	750	$1,095	$1.46	2d	1	1.21mi
1149 Sycamore St Unit 1149 Lakeland, FL	2.0	2.0	970	$1,700	$1.75	23d	1	1.24mi
515 Oregon Ave Lakeland, FL	3.0	2.0	1024	$1,500	$1.46	3d	1	1.24mi
524 Montana Ave Lakeland, FL	2.0	1.0	817	$1,300	$1.59	23d	1	1.27mi
607 Kansas Ave Lakeland, FL	2.0	1.0	829	$1,150	$1.39	23d	1	1.27mi
1301 W Walnut St Lakeland, FL	3.0	1.0	756	$1,300	$1.72	14d	1	1.27mi
1139 Olive St Lakeland, FL	2.0	2.0	984	$1,725	$1.75	3d	1	1.29mi
510 Dade Ave Lakeland, FL	2.0	1.0	936	$1,149	$1.23	14d	1	1.30mi
512 Dade Ave Lakeland, FL	2.0	1.0	936	$1,149	$1.23	23d	1	1.30mi
1618 Wayman St Lakeland, FL	3.0	1.0	994	$1,750	$1.76	23d	1	1.32mi
518 Pinewood Ave Lakeland, FL	2.0	1.0	891	$1,175	$1.32	23d	1	1.34mi
1031 N Florence Ave Unit NA Lakeland, FL	3.0	2.0	1100	$1,495	$1.36	14d	1	1.38mi
711 N Virginia Ave Lakeland, FL	2.0	1.0	780	$1,100	$1.41	23d	1	1.39mi
321 Emma St Lakeland, FL	2.0	1.0	730	$1,395	$1.91	23d	1	1.40mi

Listing history 7 events

1. 2026-06-09
   days on market $5,000 Active 8 DOM
2. 2026-06-08
   days on market $5,000 Active 7 DOM
3. 2026-06-07
   days on market $5,000 Active 6 DOM
4. 2026-06-05
   days on market $5,000 Active 3 DOM
5. 2026-06-03
   days on market $5,000 Active 2 DOM
6. 2026-06-01
   remarks 295-char remark
7. 2026-06-01
   listed $5,000 Active 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 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: $16,342
• − Mortgage interest: −$280
• − Property taxes: −$75
• − Insurance: −$25
• − Repairs & maintenance: −$1,307
• − Management: −$1,307
• − Depreciation: −$145
• Taxable income: $13,202
• Est. tax owed @ 24.0%: −$3,168
• After-tax cash flow: $9,327/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

• 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

-85.7% since first listed

16 events — show timeline

• 2026-06-01 Listed $5,000 HAOR as distributed by MLS GRID
• 2025-10-24 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-09-17 Price Changed $190,000 Stellar MLS as Distributed by MLS Grid
• 2024-11-01 Listed $215,000 Stellar MLS as Distributed by MLS Grid
• 2023-09-08 Sold (Public Records) $277,500 Public Records
• 2023-08-31 Sold (MLS) $277,500 Stellar MLS as Distributed by MLS Grid
• 2023-08-05 Pending — Stellar MLS as Distributed by MLS Grid
• 2023-07-26 Listed $274,990 Stellar MLS as Distributed by MLS Grid
• 2022-01-04 Sold (MLS) $70,000 Stellar MLS as Distributed by MLS Grid
• 2021-12-20 Pending — Stellar MLS as Distributed by MLS Grid
• 2021-11-30 Price Changed $90,500 Stellar MLS as Distributed by MLS Grid
• 2021-10-25 Listed $120,000 Stellar MLS as Distributed by MLS Grid
• 2018-08-23 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2018-08-09 Listed $49,900 Stellar MLS as Distributed by MLS Grid
• 1998-09-03 Sold (Public Records) $45,000 Public Records
• 1987-07-01 Sold (Public Records) $35,000 Public Records

Property tax history

+35.9%/yr

Latest (2025): $2,382 · +3.4% YoY. Source: county tax records.