127 Lime Rd NW · Lake Placid, FL 33852

$180,000

3 bd · 2.0 ba · 1,536 sqft · SingleFamily public records · 38 Days on market

Built 1972 10,000 sqft lot $2/mo HOA

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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 +21.1/30.0
• ARV discount +7.5/15.0
• DSCR +6.7/10.0
• 1% rule +4.5/10.0
• Schools +3.6/10.0
• Livability +3.4/5.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Looking for your next investment opportunity or a place to call home in one of Florida’s hidden gems? This 3-bedroom, 2-bath home with a 1-car garage is located in the highly sought-after Placid Lakes Community and it’s priced to move with a motivated seller! Why Placid Lakes? This neighborhood offers more than just a home—it delivers a lifestyle: Access to Lake June, one of the area’s most popular lakes for boating & fishing Quiet, well-established community with a laid-back Florida feel Convenient access to Lake Placid and nearby Sebring for shopping, dining, and entertainment Property Highlights: 3 Bedrooms | 2 Bathrooms 1-Car Garage Solid layou

Key facts

• 0.23 acre lot
• Garage
• Built 1972

Property features AI

Finance

• HOA & community: Homeowners association with an annual fee of $25

Exterior

• Parking: 1-car garage
• Utilities: Public water; Septic tank sewer
• Home design: Single-family residence; One level
• Construction: Block, concrete and stucco construction; Shingle roof
• Exterior features: Front porch; Rear porch; Screened porch; Paved road frontage; Frontage approximately 80 feet; Zoned R1A

Interior

• Flooring: Carpet; Vinyl
• Bathrooms: Two full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Carpet and vinyl flooring; Two total rooms

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $180k.

Deal economics

• At list price, monthly cash flow is $256 ($3k/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 $171k (5.2% below list).
• Recommended offer: $171k (5.2% below list) — sets the bar for 1% rule.
• Cap rate 8.0% vs local median 3.7% in Lake Placid — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 68/100 on livability (#525 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, health & safety A+; Watch: amenities F, commute F, employment F.
• Highlands (other): math 45% / reading 43% proficiency, ranked #54 of 73 in FL (top 74%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 68% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Lake Placid Elementary School (math 32% / reading 29%, grade F, #1,862 of 2,144 statewide, top 88%, 594 students, 80% FRL); Lake Placid Middle School (math 42% / reading 33%, grade F, #395 of 571 statewide, top 70%, 621 students, 75% FRL); Lake Placid High School (math 36% / reading 35%, grade F, #367 of 667 statewide, top 57%, 868 students, 66% FRL).
• Market conditions: Rents flat; 1488 active listings in the ZIP; 980 units permitted in Highlands County in 2024 (80 in 5+ unit buildings).
• This rent runs 38% of the median local income ($54k/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 $5k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 38 days — a 3% lower offer ($175k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $75k; list at $180k implies a 140% 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; extreme-heat days projected 7→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $170,708 (5.2% below list)

Questions for the listing agent

1. It's been on market 38 days. Have you received any prior offers? Is the seller open to a 5% concession, seller financing, or rate buy-down credit?
2. Built in 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 0.95% ✗
• Cap rate: 8.00%
• Cash-on-cash: 6.08%
• DSCR: 1.27
• GRM: 8.8

CMA / ARV

• ARV (on-the-fly): $370,176
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
704 Catfish Rd	0.16mi	2/2.0 (-1)	1,568 (+2%)	2mo	$274,000	$175	82
122 Grape Rd NW	0.26mi	2/2.0 (-1)	1,464 (-5%)	1mo	$155,500	$106	74
255 Tangerine Rd	0.25mi	2/2.0 (-1)	1,412 (-8%)	2mo	$340,000	$241	68
100 Lemon Rd NW	0.23mi	2/2.0 (-1)	1,381 (-10%)	4mo	$190,000	$138	64
101 Lime Rd NE	0.24mi	4/2.0 (+1)	1,675 (+9%)	7mo	$435,000	$260	63
131 Lemon Rd NE	0.48mi	2/2.0 (-1)	1,456 (-5%)	4mo	$270,000	$185	61
112 Loquat Rd NE	0.32mi	3/2.0	1,747 (+14%)	4mo	$280,000	$160	59
236 Cumquat Rd NE	0.46mi	3/2.0	1,352 (-12%)	1mo	$330,000	$244	58
125 Orange Rd NE	0.42mi	2/2.0 (-1)	1,712 (+12%)	2mo	$425,000	$248	54
426 Foxdale Rd	0.50mi	3/2.0	1,742 (+13%)	8mo	$299,000	$172	48
317 Anderson St NE	0.54mi	2/2.0 (-1)	1,318 (-14%)	1mo	$480,000	$364	45
327 Anderson St NE	0.60mi	2/2.0 (-1)	1,347 (-12%)	4mo	$394,000	$293	43

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 0.82% rent growth · sell at horizon

5-year hold

• IRR: -9.2%
• Equity multiple: 0.67×
• Total profit: $-16,625
• Equity at exit: $26,839

10-year hold

• IRR: -2.6%
• Equity multiple: 0.84×
• Total profit: $-8,187
• Equity at exit: $15,563

Cash invested: $50,400 (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 33852

• Rents YoY: 0.8%
• Active inventory: 1488
• Price-to-rent: 8.8×

Monthly cashflow live

• Estimated rent: $1,707 medium
• Mortgage (P&I): −$944
• Tax from tax record: −$72 /mo · $866/yr
• Insurance: −$75
• HOA: −$2
• Vacancy / Maint / Mgmt: −$358
• Net cashflow: $256

Break-even live

Break-even rent $1,384

Max offer price $180,000

Occupancy floor 80%

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: $45,000
• Closing costs: $5,400
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $2 · $24/yr

Listing history 16 events

1. 2026-06-19
   days on market $180,000 Active 38 DOM
2. 2026-06-18
   days on market $180,000 Active 37 DOM
3. 2026-06-17
   days on market $180,000 Active 36 DOM
4. 2026-06-16
   days on market $180,000 Active 35 DOM
5. 2026-06-15
   days on market $180,000 Active 34 DOM
6. 2026-06-14
   days on market $180,000 Active 32 DOM
7. 2026-06-10
   days on market $180,000 Active 29 DOM
8. 2026-06-09
   days on market $180,000 Active 28 DOM
9. 2026-06-08
   days on market $180,000 Active 27 DOM
10. 2026-06-07
    statusdays on market $180,000 Active 26 DOM
11. 2026-05-30
    statusdays on market $180,000 Pending 25 DOM
12. 2026-05-23
    price $180,000
13. 2026-03-27
    listed $220,000 Active
14. 2014-10-09
    soldstatus $75,000
15. 2005-09-26
    soldstatus $152,000
16. 1974-08-01
    soldstatus $37,500

ⓘ 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: $866 · $72/mo
• Projected year-2 tax: $1,494 · $124/mo
• Expected delta: +$628/yr (+$52/mo · 72.6%)

ⓘ 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 2/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥108°F today · 26 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 · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,485
• − Mortgage interest: −$10,083
• − Property taxes: −$866
• − Insurance: −$900
• − Repairs & maintenance: −$1,639
• − Management: −$1,639
• − HOA: −$24
• − Depreciation: −$5,236
• Taxable income: $99
• Est. tax owed @ 24.0%: −$24
• After-tax cash flow: $3,043/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: Highlands
• NCES district ID: 1200840
• Math proficiency: 45% ▼ -7.00%
• Reading proficiency: 43% ▼ -3.00%
• Median HH income: $35,276
• Composite: 36.42/100
• National rank: #4672
• State rank: #54 of 73 in FL

Livability — Lake Placid

• Score: 68/100
• State rank: #525
• US rank: #9813

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Highlands County · 98,898 people
• City population: 22,600
• Metro: Sebring-Avon Park, FL
• Population (ZIP): 22,600
• Household income: $54,284
• Rent vs Own: 18.6% rent · 81.4% own
• Severe rent burden: 439.0

Population outlook (Highlands County) Hauer SSP2

• Today (2025): 99,674 people
• By 2030: 99,615 · -0.1%
• By 2040: 99,342 · -0.3%
• By 2050: 98,242 · -1.4%
• By 2075: 93,291 · -6.4%
• By 2100: 79,894 · -19.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (68%)
• Race & ethnicity: White 68% Hispanic / Latino 22% Two or more races 11% Black 6% Asian 1%
• Hispanic origin (detail): Mexican 11% Puerto Rican 3% Cuban 3%
• Common ancestry: Lithuanian 2% Slovak 2% Iranian 1%
• Foreign-born: 14% · Canada, Dominican Republic
• Languages at home: 79% English-only · Spanish 19% Tagalog/Filipino 1%

Political lean MEDSL · Highlands

• 2024 margin: Solid R (+40.8) · D 29.3% · R 70.1%
• 2008→2024 swing: -22.7pp toward R · 2008: -18.1pp · 2024: -40.8pp
• All cycles: 2024: R+40.8 2020: R+34.4 2016: R+32.0 2012: R+23.0 2008: R+18.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -203.31%
• Current HPI: 224.8693
• Rent YoY: ▲ 0.82%
• Metro: Sebring-Avon Park, 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

+380.0% since first listed

5 events — show timeline

• 2026-05-23 Price Changed $180,000 HAOR as distributed by MLS GRID
• 2026-03-27 Listed $220,000 HAOR as distributed by MLS GRID
• 2014-10-09 Sold (Public Records) $75,000 Public Records
• 2005-09-26 Sold (Public Records) $152,000 Public Records
• 1974-08-01 Sold (Public Records) $37,500 Public Records

Property tax history

-1.9%/yr

Latest (2025): $866 · +3.3% YoY. Source: county tax records.