270 Old Bartow Lake Wales · Alturas, FL 33830

$295,000

2 bd · 1.0 ba · 672 sqft · SingleFamily public records · 9 Days on market

Built 2025 0.42 ac lot

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Why this score? — see what drove the F 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).

• ARV discount +7.5/15.0
• Cash flow +5.7/30.0
• Schools +3.5/10.0
• Rent growth +3.2/5.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• DSCR +0.1/10.0
• 1% rule +0.0/10.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to this beautiful property featuring A new 2025 manufactured home situated on a spacious lot. This move-in-ready home offers a bright open floor plan. modern finishes and comfortable living spaces designed for today's lifestyle. The kitchen features ample cabinetry, generous counter space and island. A open layout that flows seamlessly into the living and dining room, making it perfect for everyday living and entertaining. The primary suite provides a private retreat with a spacious bedroom and en-suite bath, while 3 additional bedrooms give flexibility for family, guests or home office. The property offers plently of outdoor space for gardening, recreation, pets or futurei improve

Key facts

• 0.42 acre lot
• Built 2025
• Listed 9 days

Property features AI

Finance

• Other: Homestead exempt; Total living area approximately 1920 square feet; Lot about 0.41 acre (0.25–0.5 acre range)
• Financial info: No lease restrictions
• HOA & community: No association; Pets allowed (cats and dogs)

Exterior

• Parking: Public maintained road access
• Security: Smoke detectors
• Utilities: Well water; Septic tank; Electricity connected; Water connected; Sewer connected; Cable available
• Home design: Manufactured double-wide home; One story; Faces east; Completed condition; Made by Clayton
• Construction: Metal siding; Shingle roof; Pillar/Post/Pier foundation
• Exterior features: Balcony; Sliding doors; Wood fencing; Cleared lot; Paved and asphalt access; Located in county (not city)

Interior

• Kitchen: Dishwasher; Microwave; Range; Range hood; Refrigerator; Electric water heater; Exhaust fan
• Bedrooms: 4 bedrooms
• Flooring: Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air
• Interior features: Ceiling fans; Eat-in kitchen; Kitchen/family room combo; Open floorplan; Split bedroom layout; Thermostat; Walk-in closets; Family room
• Laundry & utility: Inside laundry room; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $295k.

Deal economics

• At list price, monthly cash flow is $-606 ($-7k/yr) — negative.
• To cash-flow at today's rent, offer at most $188k (36.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $142k (51.7% below list).
• Recommended offer: $142k (51.7% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 64/100 on livability (#678 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A; Watch: amenities F, commute F, employment D-.
• 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: Alturas Elementary School (math 57% / reading 47%, grade C-, #990 of 2,144 statewide, top 48%, 350 students, 61% FRL); Bartow Middle School (math 33% / reading 36%, grade F, #421 of 571 statewide, top 74%, 1,046 students, 63% FRL); Bartow Senior High School (math 26% / reading 46%, grade F, #359 of 667 statewide, top 55%, 2,125 students, 44% FRL) — zoned schools at 56% FRL track the district average.
• Market conditions: Rents rising (+2.7%/yr); 392 active listings in the ZIP; 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 $2k of loan paydown is wiped out by about $9k 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

• Only 9 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $65k; list at $295k implies a 354% 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→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $142,416 (51.7% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
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: 0.48% ✗
• Cap rate: 3.83%
• Cash-on-cash: -8.81%
• DSCR: 0.61
• GRM: 17.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.72% rent growth · sell at horizon

5-year hold

• IRR: -32.3%
• Equity multiple: -0.05×
• Total profit: $-86,994
• Equity at exit: $43,985

10-year hold

• IRR: -39.2%
• Equity multiple: -0.55×
• Total profit: $-127,799
• Equity at exit: $25,506

Cash invested: $82,600 (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 33830

• Home prices YoY: -19.8%
• Rents YoY: 2.7%
• Active inventory: 392
• Price-to-rent: 17.3×

Monthly cashflow live

• Estimated rent: $1,424 medium
• Mortgage (P&I): −$1,547
• Tax from tax record: −$62 /mo · $739/yr
• Insurance: −$123
• HOA: −$0
• Vacancy / Maint / Mgmt: −$299
• Net cashflow: $-606

Break-even live

Break-even rent $2,192

Max offer price $187,872

Occupancy floor —

Sensitivity live

Price	-10% $-439	-5% $-523	+0% $-606	+5% $-690	+10% $-773
Rent	-10% $-719	-5% $-663	+0% $-606	+5% $-550	+10% $-494
Rate	-1.0pp $-458	-0.5pp $-531	base $-606	+0.5pp $-683	+1.0pp $-761

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: $73,750
• Closing costs: $8,850
• Reserves months: —
• Total cash needed: —

Listing history 7 events

1. 2026-06-22
   days on market $295,000 Active 9 DOM
2. 2026-06-18
   days on market $295,000 Active 6 DOM
3. 2026-06-17
   days on market $295,000 Active 5 DOM
4. 2026-06-16
   days on market $295,000 Active 4 DOM
5. 2026-06-15
   days on market $295,000 Active 3 DOM
6. 2026-06-13
   remarks 699-char remark
7. 2026-06-13
   listed $295,000 Active 1 DOM

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

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $739 · $62/mo
• Projected year-2 tax: $2,448 · $204/mo
• Expected delta: +$1,709/yr (+$142/mo · 231.3%)

ⓘ 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 8/10 Severe 7 d/yr ≥108°F today · 24 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,090
• − Mortgage interest: −$16,525
• − Property taxes: −$739
• − Insurance: −$1,475
• − Repairs & maintenance: −$1,367
• − Management: −$1,367
• − Depreciation: −$8,582
• Taxable loss: −$12,965
• Est. tax savings @ 24.0%: +$3,112
• After-tax cash flow: $-4,166/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 — Alturas

• Score: 64/100
• State rank: #678
• US rank: #14100

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Alturas, FL
• County: Polk County · 740,051 people
• Metro: Lakeland-Winter Haven, FL
• Population (ZIP): 33,740
• Household income: $63,918
• Rent vs Own: 31.1% rent · 68.9% own
• Severe rent burden: 681.0

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 0.62)
• Race & ethnicity: White 55% Hispanic / Latino 22% Black 18% Two or more races 13% Asian 2%
• Hispanic origin (detail): Mexican 13% Puerto Rican 5%
• Common ancestry: Italian 3% Slovak 1% Lithuanian 1%
• Foreign-born: 8% · Canada
• Languages at home: 81% 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: ▼ -82.47%
• Current HPI: 333.3392
• Rent YoY: ▲ 2.72%
• 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

+353.8% since first listed

2 events — show timeline

• 2026-06-12 Listed $295,000 Stellar MLS as Distributed by MLS Grid
• 2025-08-18 Sold (Public Records) $65,000 Public Records

Property tax history

+7.2%/yr

Latest (2025): $739 · +19.5% YoY. Source: county tax records.