9000 US Hwy 192 # 537 #537 · Four Corners, FL 34714

$149,900

2 bd · 1.0 ba · 408 sqft · Condo public records · 66 Days on market

Built 1987 $256/mo HOA · 16% 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 +15.8/30.0
• ARV discount +7.5/15.0
• 1% rule +5.4/10.0
• DSCR +4.9/10.0
• Appreciation +4.8/10.0
• Schools +3.5/10.0
• Livability +3.5/5.0
• Condition / age +2.5/5.0
• Rent growth +1.6/5.0

Listing remarks MLS

2/bed – 1/bath all one floor FURNISHED home in great condition! Laminate flooring throughout, moveable island in kitchen, drywalled, new a/c 2013, new roof and washer and dryer 2014. Nice double driveway. Priced to sell! Golf cart does not convey. ORO is a gated lakefront community and features two large heated pools, one heated kiddie pool, children's playground, lighted tennis courts, pickle ball, shuffleboard, par 3 golf course, mini golf fun site, volley ball court, basketball court, bocce ball and horseshoes. There are facilities for all water sports, including a boat ramp. Bring your boat or jet ski and enjoy water skiing and fishing. The clubhouse has a library, lounge where you can play cards or relax, and a large auditorium for community events.

Key facts

• Replumbed
• Membrane roof
• Double pane windows

Tags

• COVERED ENTRANCE
• COVERED REAR PORCH
• PRIVATE PATIO AREA
• MEMBRANE ROOF
• REPLUMBED
• DOUBLE PANE WINDOWS

Property features AI

Finance

• Other: Furnished; Boat access to Lake Davenport with private boat ramp, fishing pier, and skiing allowed
• Financial info: Lease restrictions apply
• HOA & community: HOA required (Association: Sabrina Stone); Monthly HOA approximately $256 (quarterly fees noted); Association includes 24-hour guard, cable TV, pool, reserves, insurance, grounds maintenance, management, private road, recreational facilities, security, sewer, trash, water; Community amenities: clubhouse, dog park, playground, pool, tennis and pickleball courts, shuffleboard, golf, golf carts allowed, storage, wheelchair access, street lights; Buyer/association approval required; Senior community

Exterior

• Parking: Driveway
• Security: Gated community; Smoke detectors
• Utilities: Private well water; Private sewer; Cable connected; Broadband/high-speed internet available; Electricity connected; Underground utilities; Water connected; Sewer connected
• Home design: Manufactured single-wide home; One level; Faces west
• Construction: Vinyl siding; Membrane roof; Built on crawlspace
• Exterior features: Covered front and rear porches; Patio; Sliding doors; Rain gutters; Private lot; Level lot; Paved access; Asphalt road

Interior

• Kitchen: Range; Microwave; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Laminate; Crawlspace foundation
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; Open floor plan; Thermal windows; Electric freestanding fireplace
• Laundry & utility: Washer; Dryer; Tankless water heater; Laundry inside

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $150k.

Deal economics

• At list price, monthly cash flow is $69 ($831/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $141k (6.0% below list) — sets the bar for market timing.
• Cap rate 6.8% vs local median 3.2% in Four Corners — 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 69/100 on livability (#453 in FL) — a middle-class / working-renter tenant base. Strengths: housing A+, cost of living A-; Watch: amenities F, health & safety 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.
• Zoned schools: Loughman Oaks Elementary School (math 36% / reading 36%, grade F, #1,670 of 2,144 statewide, top 78%, 1,052 students, 37% FRL); Lake Alfred Polytech Academy (math 41% / reading 43%, grade D-, #340 of 571 statewide, top 61%, 645 students, 59% FRL); Ridge Community High School (math 12% / reading 33%, grade F, #539 of 667 statewide, top 81%, 2,711 students, 48% FRL).
• Market conditions: Rents falling (-3.5%/yr); 729 active listings in the ZIP; 1 comparable units currently listed for rent nearby; solid renter incomes; 10,384 units permitted in Polk County in 2024 (1,716 in 5+ unit buildings).

Forward outlook

• In year one you build about $541 of equity ($1k loan paydown + $-495 appreciation (-0.3% local appreciation)).
• 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 66 days — a 6% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 11y 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 $58k; list at $150k implies a 156% 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→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $140,906 (6.0% below list)

Questions for the listing agent

1. It's been on market 66 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. 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?
8. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
9. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
10. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
11. 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.
12. 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.
13. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.04% ✓
• Cap rate: 6.85%
• Cash-on-cash: 1.98%
• DSCR: 1.09
• GRM: 8.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-0.33% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -3.6%
• Equity multiple: 0.84×
• Total profit: $-6,741
• Equity at exit: $41,069

10-year hold

• IRR: -0.1%
• Equity multiple: 0.99×
• Total profit: $-306
• Equity at exit: $47,447

Cash invested: $41,972 (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 34714

• Home prices YoY: -0.1%
• Rents YoY: -3.5%
• Active inventory: 729
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $1,555 medium
• Mortgage (P&I): −$786
• Tax from tax record: −$55 /mo · $660/yr
• Insurance: −$62
• HOA: −$256
• Vacancy / Maint / Mgmt: −$327
• Net cashflow: $69

Break-even live

Break-even rent $1,468

Max offer price $149,900

Occupancy floor 91%

Sensitivity live

Price	-10% $154	-5% $112	+0% $69	+5% $27	+10% $-16
Rent	-10% $-54	-5% $8	+0% $69	+5% $131	+10% $192
Rate	-1.0pp $145	-0.5pp $107	base $69	+0.5pp $30	+1.0pp $-9

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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
9000 US Highway 192 #115 Clermont, FL	1.0	1.0	364	$950	$2.61	12d	1	0.17mi

HOA detail condo

• Monthly dues: $256 · $3,072/yr
• Likely covers: waterpoolsecurity
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 26 events

1. 2026-06-18
   days on market $149,900 Active 66 DOM
2. 2026-06-17
   days on market $149,900 Active 65 DOM
3. 2026-06-16
   days on market $149,900 Active 64 DOM
4. 2026-06-15
   days on market $149,900 Active 63 DOM
5. 2026-06-13
   days on market $149,900 Active 61 DOM
6. 2026-06-10
   days on market $149,900 Active 58 DOM
7. 2026-06-09
   days on market $149,900 Active 57 DOM
8. 2026-06-08
   days on market $149,900 Active 56 DOM
9. 2026-06-07
   days on market $149,900 Active 55 DOM
10. 2026-06-05
    days on market $149,900 Active 52 DOM
11. 2026-06-03
    days on market $149,900 Active 51 DOM
12. 2026-06-03
    days on market $149,900 Active 50 DOM
13. 2026-06-01
    days on market $149,900 Active 49 DOM
14. 2026-05-31
    days on market $149,900 Active 48 DOM
15. 2026-04-13
    listed $149,900 Active
16. 2015-11-18
    soldstatus $58,500 Sold 773-char remark

    Show marketing remark (773 chars)

    2/bed – 1/bath all one floor FURNISHED home in great condition! Laminate flooring throughout, moveable island in kitchen, drywalled, new a/c 2013, new roof and washer and dryer 2014. Nice double driveway. Priced to sell! Golf cart does not convey. ORO is a gated lakefront community and features two large heated pools, one heated kiddie pool, children's playground, lighted tennis courts, pickle ball, shuffleboard, par 3 golf course, mini golf fun site, volley ball court, basketball court, bocce ball and horseshoes. There are facilities for all water sports, including a boat ramp. Bring your boat or jet ski and enjoy water skiing and fishing. The clubhouse has a library, lounge where you can play cards or relax, and a large auditorium for community events.

17. 2015-11-18
    soldstatus $19,500

    Show marketing remark (773 chars)

    2/bed – 1/bath all one floor FURNISHED home in great condition! Laminate flooring throughout, moveable island in kitchen, drywalled, new a/c 2013, new roof and washer and dryer 2014. Nice double driveway. Priced to sell! Golf cart does not convey. ORO is a gated lakefront community and features two large heated pools, one heated kiddie pool, children's playground, lighted tennis courts, pickle ball, shuffleboard, par 3 golf course, mini golf fun site, volley ball court, basketball court, bocce ball and horseshoes. There are facilities for all water sports, including a boat ramp. Bring your boat or jet ski and enjoy water skiing and fishing. The clubhouse has a library, lounge where you can play cards or relax, and a large auditorium for community events.

18. 2015-11-18
    soldstatus $19,500

    Show marketing remark (773 chars)

    2/bed – 1/bath all one floor FURNISHED home in great condition! Laminate flooring throughout, moveable island in kitchen, drywalled, new a/c 2013, new roof and washer and dryer 2014. Nice double driveway. Priced to sell! Golf cart does not convey. ORO is a gated lakefront community and features two large heated pools, one heated kiddie pool, children's playground, lighted tennis courts, pickle ball, shuffleboard, par 3 golf course, mini golf fun site, volley ball court, basketball court, bocce ball and horseshoes. There are facilities for all water sports, including a boat ramp. Bring your boat or jet ski and enjoy water skiing and fishing. The clubhouse has a library, lounge where you can play cards or relax, and a large auditorium for community events.

19. 2015-11-18
    soldstatus $19,500

    Show marketing remark (773 chars)

    2/bed – 1/bath all one floor FURNISHED home in great condition! Laminate flooring throughout, moveable island in kitchen, drywalled, new a/c 2013, new roof and washer and dryer 2014. Nice double driveway. Priced to sell! Golf cart does not convey. ORO is a gated lakefront community and features two large heated pools, one heated kiddie pool, children's playground, lighted tennis courts, pickle ball, shuffleboard, par 3 golf course, mini golf fun site, volley ball court, basketball court, bocce ball and horseshoes. There are facilities for all water sports, including a boat ramp. Bring your boat or jet ski and enjoy water skiing and fishing. The clubhouse has a library, lounge where you can play cards or relax, and a large auditorium for community events.

20. 2015-10-30
    status Pending 773-char remark

    Show marketing remark (773 chars)

    2/bed – 1/bath all one floor FURNISHED home in great condition! Laminate flooring throughout, moveable island in kitchen, drywalled, new a/c 2013, new roof and washer and dryer 2014. Nice double driveway. Priced to sell! Golf cart does not convey. ORO is a gated lakefront community and features two large heated pools, one heated kiddie pool, children's playground, lighted tennis courts, pickle ball, shuffleboard, par 3 golf course, mini golf fun site, volley ball court, basketball court, bocce ball and horseshoes. There are facilities for all water sports, including a boat ramp. Bring your boat or jet ski and enjoy water skiing and fishing. The clubhouse has a library, lounge where you can play cards or relax, and a large auditorium for community events.

21. 2015-09-19
    status Active 773-char remark

    Show marketing remark (773 chars)

    2/bed – 1/bath all one floor FURNISHED home in great condition! Laminate flooring throughout, moveable island in kitchen, drywalled, new a/c 2013, new roof and washer and dryer 2014. Nice double driveway. Priced to sell! Golf cart does not convey. ORO is a gated lakefront community and features two large heated pools, one heated kiddie pool, children's playground, lighted tennis courts, pickle ball, shuffleboard, par 3 golf course, mini golf fun site, volley ball court, basketball court, bocce ball and horseshoes. There are facilities for all water sports, including a boat ramp. Bring your boat or jet ski and enjoy water skiing and fishing. The clubhouse has a library, lounge where you can play cards or relax, and a large auditorium for community events.

22. 2015-09-14
    historical 773-char remark

    Show marketing remark (773 chars)

    2/bed – 1/bath all one floor FURNISHED home in great condition! Laminate flooring throughout, moveable island in kitchen, drywalled, new a/c 2013, new roof and washer and dryer 2014. Nice double driveway. Priced to sell! Golf cart does not convey. ORO is a gated lakefront community and features two large heated pools, one heated kiddie pool, children's playground, lighted tennis courts, pickle ball, shuffleboard, par 3 golf course, mini golf fun site, volley ball court, basketball court, bocce ball and horseshoes. There are facilities for all water sports, including a boat ramp. Bring your boat or jet ski and enjoy water skiing and fishing. The clubhouse has a library, lounge where you can play cards or relax, and a large auditorium for community events.

23. 2015-03-19
    listed $64,500 Active 773-char remark

    Show marketing remark (773 chars)

    2/bed – 1/bath all one floor FURNISHED home in great condition! Laminate flooring throughout, moveable island in kitchen, drywalled, new a/c 2013, new roof and washer and dryer 2014. Nice double driveway. Priced to sell! Golf cart does not convey. ORO is a gated lakefront community and features two large heated pools, one heated kiddie pool, children's playground, lighted tennis courts, pickle ball, shuffleboard, par 3 golf course, mini golf fun site, volley ball court, basketball court, bocce ball and horseshoes. There are facilities for all water sports, including a boat ramp. Bring your boat or jet ski and enjoy water skiing and fishing. The clubhouse has a library, lounge where you can play cards or relax, and a large auditorium for community events.

24. 2007-05-11
    soldstatus $32,000
25. 2007-05-11
    soldstatus $32,000
26. 1973-05-01
    soldstatus $6,500

ⓘ 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: $660 · $55/mo
• Projected year-2 tax: $1,244 · $104/mo
• Expected delta: +$584/yr (+$49/mo · 88.6%)

ⓘ 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 5/10 Major
• 🌡 Heat 9/10 Extreme 7 d/yr ≥107°F today · 25 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,665
• − Mortgage interest: −$8,397
• − Property taxes: −$660
• − Insurance: −$750
• − Repairs & maintenance: −$1,493
• − Management: −$1,493
• − HOA: −$3,072
• − Depreciation: −$4,361
• Taxable loss: −$1,560
• Est. tax savings @ 24.0%: +$374
• After-tax cash flow: $1,206/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 — Four Corners

• Score: 69/100
• State rank: #453
• US rank: #8218

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Four Corners, FL
• County: Lake County · 364,602 people
• City population: 27,422
• Metro: Orlando-Kissimmee-Sanford, FL
• Population (ZIP): 28,200
• Household income: $75,392
• Rent vs Own: 49.3% rent · 50.7% own
• Severe rent burden: 953.0

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 0.59)
• Race & ethnicity: White 56% Hispanic / Latino 30% Two or more races 25% Black 6% Asian 1%
• Hispanic origin (detail): Mexican 2% Puerto Rican 17% Dominican 2%
• Common ancestry: Romanian 3% Lithuanian 3% Italian 2%
• Foreign-born: 13% · Canada, Jamaica
• Languages at home: 76% English-only · Spanish 19% 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: ▼ -0.33%
• Current HPI: 256.1331
• Rent YoY: ▼ -3.46%
• Metro: Orlando-Kissimmee-Sanford, 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

+2206.2% since first listed

12 events — show timeline

• 2026-04-13 Listed $149,900 Stellar MLS as Distributed by MLS Grid
• 2015-11-18 Sold (Public Records) $19,500 Public Records
• 2015-11-18 Sold (Public Records) $19,500 Public Records
• 2015-11-18 Sold (Public Records) $19,500 Public Records
• 2015-11-18 Sold (MLS) $58,500 Stellar MLS as Distributed by MLS Grid
• 2015-10-30 Pending — Stellar MLS as Distributed by MLS Grid
• 2015-09-19 Relisted — Stellar MLS as Distributed by MLS Grid
• 2015-09-14 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2015-03-19 Listed $64,500 Stellar MLS as Distributed by MLS Grid
• 2007-05-11 Sold (Public Records) $32,000 Public Records
• 2007-05-11 Sold (Public Records) $32,000 Public Records
• 1973-05-01 Sold (Public Records) $6,500 Public Records

Property tax history

-0.2%/yr

Latest (2025): $660 · +24.3% YoY. Source: county tax records.