434 Calamondin St · Lakeland, FL 33803

$20,900

2 bd · 2.0 ba · 1,000 sqft · SingleFamily · 229 Days on market

↓ 48% since listing

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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 +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

If this listing is up, the home is available $20,900 or Best reasonable offer. Beautiful home, carefully and expensively renovated. Presenting a gorgeous home to enjoy your retirement worry free. The Pretty Things Fresh paint inside and out Beautiful modern kitchen (with pretty lights too) 2 brand new bathrooms with extractor fans Pull out sofa for your guests Stainless appliances, including a stand-alone icemaker for your Margaritas Washer and dryer included Furnished tastefully Luxury vinyl flooring Bug free (tented when we bought and have kept up the pest control periodically to maintain the home bug free) New lawnmower and electrical grill with their covers Window treatments for privac

Key facts

• Full gym
• New tile
• Stainless appliances

Tags

• MODERN KITCHEN
• BRAND NEW BATHROOMS
• STAINLESS APPLIANCES
• FULL GYM
• HIGH EFFICIENCY MINI SPLITS
• NEW TILE

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $21k.

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 $21k).
• Recommended offer: $18k (12.0% below list) — sets the bar for market timing.

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 soft (-0.1%/yr); 223 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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 $144 of loan paydown is wiped out by about $627 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 + 0.0% rent growth), your $6k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 229 days — a 12% lower offer ($18k) is reasonable based on typical stale-listing flexibility.

Recommended offer $18,392 (12.0% below list)

Questions for the listing agent

1. It's been on market 229 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. 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?
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: 7.10% ✓
• Cap rate: 65.30%
• Cash-on-cash: 210.73%
• DSCR: 10.38
• GRM: 1.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 10.87×
• Total profit: $57,740
• Equity at exit: $3,116

10-year hold

• IRR: —
• Equity multiple: 21.14×
• Total profit: $117,847
• Equity at exit: $1,807

Cash invested: $5,852 (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 33803

• Home prices YoY: -26.4%
• Rents YoY: -0.1%
• Active inventory: 223
• Price-to-rent: 1.2×

Monthly cashflow live

• Estimated rent: $1,484 high
• Mortgage (P&I): −$110
• Tax est. 1.5%: −$26 /mo · $314/yr
• Insurance: −$9
• HOA: −$0
• Vacancy / Maint / Mgmt: −$312
• Net cashflow: $1,028

Break-even live

Break-even rent $183

Max offer price $20,900

Occupancy floor 26%

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: $5,225
• Closing costs: $627
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1545 King Ave Lakeland, FL	2.0	2.0	1020	$1,450	$1.42	3d	1	0.27mi
830 W Beacon Rd #13 Lakeland, FL	2.0	1.0	750	$1,295	$1.73	12d	1	0.35mi
830 W Beacon Rd Lakeland, FL	1.0–2.0	1.0	690	$1,295	$1.88	23d	2	0.36mi
915 Ariana St Lakeland, FL	2.0	2.0	819	$1,395	$1.70	3d	1	0.36mi
101 Lake Hunter Dr #8 Lakeland, FL	2.0	1.0	905	$1,400	$1.55	23d	1	0.48mi
2610 S San Gully Rd Lakeland, FL	2.0	1.0	950	$1,375	$1.45	23d	1	0.57mi
1213 W Patterson St Lakeland, FL	3.0	1.0	840	$1,350	$1.61	14d	1	0.57mi
926 W Carole St Lakeland, FL	2.0	1.0	840	$1,100	$1.31	23d	1	0.62mi
920 W Carole St Lakeland, FL	2.0	1.0	840	$1,200	$1.43	23d	1	0.62mi
2726 S San Gully Rd Unit 2726 Lakeland, FL	3.0	1.5	1200	$1,450	$1.21	14d	1	0.63mi
1206 W Highland St Lakeland, FL	2.0	1.0	972	$1,495	$1.54	23d	1	0.68mi
400 W Beacon Rd Lakeland, FL	1.0–2.0	1.0–2.0	862	$2,001	$2.32	3d	6	0.71mi
1514 Alice Ave Lakeland, FL	3.0	2.0	924	$1,250	$1.35	14d	1	0.72mi
305 W Hancock St Lakeland, FL	2.0	1.0	821	$1,195	$1.46	23d	1	0.79mi
1246 Dorothy St Lakeland, FL	3.0	2.0	1484	$2,300	$1.55	23d	1	0.82mi
302 W Park St Lakeland, FL	3.0	2.0	1100	$2,200	$2.00	14d	1	0.84mi
407 Enclave Pl #407 Lakeland, FL	2.0	2.0	1220	$2,125	$1.74	14d	1	0.87mi
808 S Central Ave Lakeland, FL	2.0	1.0	700	$1,100	$1.57	23d	1	0.92mi
447 Enclave Pl #447 Lakeland, FL	3.0	2.0	1349	$2,200	$1.63	23d	1	0.92mi
1005 S New York Ave Unit 2 Lakeland, FL	2.0	1.0	800	$1,350	$1.69	14d	1	0.95mi
1005 S New York Ave Unit 6 Lakeland, FL	2.0	1.0	900	$1,275	$1.42	14d	1	0.95mi
1005 S New York Ave Unit 9 Lakeland, FL	1.0	1.0	900	$1,150	$1.28	14d	1	0.95mi
1040 Ruby St Lakeland, FL	3.0	2.0	1110	$1,595	$1.44	10d	1	0.98mi
122 E Hibiscus Dr Unit 1 Lakeland, FL	2.0	1.0	768	$1,395	$1.82	23d	1	0.99mi
1116 S Tennessee Ave Lakeland, FL	2.0	1.0	761	$1,250	$1.64	23d	1	1.04mi
1061 S Tennessee Ave Lakeland, FL	2.0	2.5	1100	$2,100	$1.91	14d	1	1.05mi
1238 Herschell St Lakeland, FL	2.0	1.0	1323	$1,300	$0.98	23d	1	1.06mi
518 Pinewood Ave Lakeland, FL	2.0	1.0	891	$1,175	$1.32	23d	1	1.12mi
1112 South Blvd Unit E Lakeland, FL	2.0	1.0	729	$1,250	$1.71	23d	1	1.13mi
512 Dade Ave Lakeland, FL	2.0	1.0	936	$1,149	$1.23	23d	1	1.15mi
510 Dade Ave Lakeland, FL	2.0	1.0	936	$1,149	$1.23	14d	1	1.15mi
411 E Park St Unit B Lakeland, FL	2.0	1.5	1063	$1,500	$1.41	3d	1	1.16mi
411 E Park St Unit A Lakeland, FL	2.0	1.5	1063	$1,500	$1.41	23d	1	1.16mi
1618 Wayman St Lakeland, FL	3.0	1.0	994	$1,750	$1.76	23d	1	1.17mi
1 Lake Hollingsworth Dr Lakeland, FL	3.0	2.0	1492	$2,095	$1.40	3d	2	1.18mi
1301 W Walnut St Lakeland, FL	3.0	1.0	756	$1,300	$1.72	14d	1	1.19mi
1139 Olive St Lakeland, FL	2.0	2.0	984	$1,725	$1.75	3d	1	1.21mi
524 Montana Ave Lakeland, FL	2.0	1.0	817	$1,300	$1.59	23d	1	1.22mi
515 Oregon Ave Lakeland, FL	3.0	2.0	1024	$1,500	$1.46	3d	1	1.23mi
607 Kansas Ave Lakeland, FL	2.0	1.0	829	$1,150	$1.39	23d	1	1.24mi

Listing history 16 events

1. 2026-06-18
   days on market $20,900 Active 229 DOM
2. 2026-06-17
   days on market $20,900 Active 228 DOM
3. 2026-06-16
   days on market $20,900 Active 227 DOM
4. 2026-06-15
   days on market $20,900 Active 226 DOM
5. 2026-06-13
   days on market $20,900 Active 224 DOM
6. 2026-06-10
   days on market $20,900 Active 221 DOM
7. 2026-06-09
   days on market $20,900 Active 220 DOM
8. 2026-06-08
   days on market $20,900 Active 219 DOM
9. 2026-06-07
   days on market $20,900 Active 218 DOM
10. 2026-06-05
    days on market $20,900 Active 215 DOM
11. 2026-06-03
    days on market $20,900 Active 213 DOM
12. 2026-06-01
    days on market $20,900 Active 212 DOM
13. 2026-05-31
    days on market $20,900 Active 211 DOM
14. 2026-03-07
    price $20,900
15. 2026-01-16
    price $26,900
16. 2025-11-01
    listed $39,900 Active

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

Taxation est. · year 1

• Rental income: $17,804
• − Mortgage interest: −$1,171
• − Property taxes: −$314
• − Insurance: −$104
• − Repairs & maintenance: −$1,424
• − Management: −$1,424
• − Depreciation: −$608
• Taxable income: $12,759
• Est. tax owed @ 24.0%: −$3,062
• After-tax cash flow: $9,270/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): 29,321
• Household income: $65,807
• Rent vs Own: 36.5% rent · 63.5% own
• Severe rent burden: 1128.0

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: Predominantly White (70%)
• Race & ethnicity: White 70% Hispanic / Latino 20% Two or more races 11% Black 6% Asian 2%
• Hispanic origin (detail): Mexican 3% Puerto Rican 6% Cuban 2% Dominican 1%
• Common ancestry: Italian 3% Slovak 3% Lithuanian 2%
• Foreign-born: 11% · Canada, China, Jamaica
• Languages at home: 80% 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: ▼ -110.05%
• Current HPI: 306.9789
• Rent YoY: ▼ -0.06%
• 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

-47.6% since first listed

3 events — show timeline

• 2026-03-07 Price Changed $20,900 ForSaleByOwner.com
• 2026-01-16 Price Changed $26,900 ForSaleByOwner.com
• 2025-11-01 Listed $39,900 ForSaleByOwner.com