2337 Laura St · Lake Wales, FL 33898

$230,000

3 bd · 1.0 ba · 1,091 sqft · SingleFamily public records · 145 Days on market

Built 1982 8,024 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 +14.2/30.0
• ARV discount +7.5/15.0
• DSCR +4.3/10.0
• 1% rule +3.6/10.0
• Schools +3.5/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

One or more photo(s) has been virtually staged. Check out this stunner! This home has fresh interior and exterior paint. Discover a bright and open interior with plenty of natural light and a neutral color palate. Step into the kitchen, complete with an eye catching stylish backsplash. You won’t want to leave the serene primary suite, the perfect space to relax. Other bedrooms provide nice flexible living space. Good primary bathroom. Finally, the backyard, a great space for entertaining and enjoying the outdoors. Like what you hear? Come see it for yourself!

Key facts

• Generator installed
• Huge backyard
• Dining area

Tags

• UPDATED TILE FLOORING
• GENERATOR INSTALLED
• HUGE BACKYARD
• DINING AREA

Property features AI

Finance

• Other: Property zoned R-2; Lot size about 0.18 acres (approx. 75x107)
• HOA & community: No HOA association indicated

Exterior

• Parking: Carport (1 space)
• Utilities: Public sewer; Electricity available; Cable available; Phone service available; Public utilities
• Home design: Single-family residence; One-story; Faces south
• Construction: Block and stucco construction; Shingle roof; Slab foundation; Built with public records living area of 1091
• Exterior features: Private mailbox; Asphalt road frontage; Lot dimensions approximately 75 x 107

Interior

• Kitchen: Range; Refrigerator; Dishwasher
• Bedrooms: 3 bedrooms
• Flooring: Ceramic tile
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; Storm windows
• Laundry & utility: Inside laundry with washer and dryer

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $230k.

Deal economics

• At list price, monthly cash flow is $40 ($477/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 $198k (13.8% below list).
• Recommended offer: $198k (13.8% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 68/100 on livability (#535 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing 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.
• Zoned schools: Frostproof Ben Hill Griffin Jr Elementary School (math 34% / reading 36%, grade F, #1,697 of 2,144 statewide, top 80%, 917 students, 66% FRL); Frostproof Middle/Senior High (math 34% / reading 34%, grade F, #394 of 667 statewide, top 60%, 1,150 students, 60% FRL) — zoned schools at 63% FRL track the district average.
• Market conditions: 500 active listings in the ZIP; 4 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).
• This rent runs 42% of the median local income ($57k/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 $2k of loan paydown is wiped out by about $7k 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

• It's been on market 145 days — a 12% lower offer ($202k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 12y 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 $187k; 23% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: major flood risk; 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 $198,331 (13.8% below list)

Questions for the listing agent

1. It's been on market 145 days. Have you received any prior offers? Is the seller open to a 14% 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. 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?
5. 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?
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: 0.86% ✗
• Cap rate: 6.50%
• Cash-on-cash: 0.74%
• DSCR: 1.03
• GRM: 9.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -15.1%
• Equity multiple: 0.46×
• Total profit: $-34,748
• Equity at exit: $34,294

10-year hold

• IRR: -6.6%
• Equity multiple: 0.58×
• Total profit: $-27,034
• Equity at exit: $19,886

Cash invested: $64,400 (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 33898

• Home prices YoY: -15.1%
• Active inventory: 500
• Price-to-rent: 9.7×

Monthly cashflow live

• Estimated rent: $1,983 medium
• Mortgage (P&I): −$1,206
• Tax from tax record: −$225 /mo · $2,701/yr
• Insurance: −$96
• HOA: −$0
• Vacancy / Maint / Mgmt: −$416
• Net cashflow: $40

Break-even live

Break-even rent $1,933

Max offer price $230,000

Occupancy floor 93%

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: $57,500
• Closing costs: $6,900
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2436 Lilly St Lake Wales, FL	4.0	2.0	1325	$1,950	$1.47	3d	1	0.13mi
4622 Linda St Lake Wales, FL	3.0	2.5	1463	$1,850	$1.26	23d	1	0.24mi
2822 Pennachio Dr Lake Wales, FL	3.0	2.0	1484	$1,900	$1.28	23d	1	0.94mi
3031 Azalea Ave Lake Wales, FL	3.0	1.0	900	$1,400	$1.56	18d	1	1.36mi

Listing history 28 events

1. 2026-06-18
   days on market $230,000 Active 145 DOM
2. 2026-06-17
   days on market $230,000 Active 144 DOM
3. 2026-06-16
   days on market $230,000 Active 143 DOM
4. 2026-06-15
   days on market $230,000 Active 142 DOM
5. 2026-06-13
   days on market $230,000 Active 140 DOM
6. 2026-06-10
   days on market $230,000 Active 137 DOM
7. 2026-06-09
   days on market $230,000 Active 136 DOM
8. 2026-06-08
   days on market $230,000 Active 135 DOM
9. 2026-06-07
   days on market $230,000 Active 134 DOM
10. 2026-06-05
    days on market $230,000 Active 131 DOM
11. 2026-06-03
    days on market $230,000 Active 129 DOM
12. 2026-06-01
    days on market $230,000 Active 128 DOM
13. 2026-05-31
    days on market $230,000 Active 127 DOM
14. 2026-01-19
    listed $230,000 Active
15. 2023-03-15
    soldstatus $187,000
16. 2023-03-13
    soldstatus $187,000 Closed 571-char remark

    Show marketing remark (571 chars)

    One or more photo(s) has been virtually staged. Check out this stunner! This home has fresh interior and exterior paint. Discover a bright and open interior with plenty of natural light and a neutral color palate. Step into the kitchen, complete with an eye catching stylish backsplash. You won’t want to leave the serene primary suite, the perfect space to relax. Other bedrooms provide nice flexible living space. Good primary bathroom. Finally, the backyard, a great space for entertaining and enjoying the outdoors. Like what you hear? Come see it for yourself!

17. 2023-02-21
    status Pending 571-char remark

    Show marketing remark (571 chars)

    One or more photo(s) has been virtually staged. Check out this stunner! This home has fresh interior and exterior paint. Discover a bright and open interior with plenty of natural light and a neutral color palate. Step into the kitchen, complete with an eye catching stylish backsplash. You won’t want to leave the serene primary suite, the perfect space to relax. Other bedrooms provide nice flexible living space. Good primary bathroom. Finally, the backyard, a great space for entertaining and enjoying the outdoors. Like what you hear? Come see it for yourself!

18. 2023-02-02
    price $197,000 571-char remark

    Show marketing remark (571 chars)

    One or more photo(s) has been virtually staged. Check out this stunner! This home has fresh interior and exterior paint. Discover a bright and open interior with plenty of natural light and a neutral color palate. Step into the kitchen, complete with an eye catching stylish backsplash. You won’t want to leave the serene primary suite, the perfect space to relax. Other bedrooms provide nice flexible living space. Good primary bathroom. Finally, the backyard, a great space for entertaining and enjoying the outdoors. Like what you hear? Come see it for yourself!

19. 2023-01-20
    status Active 571-char remark

    Show marketing remark (571 chars)

    One or more photo(s) has been virtually staged. Check out this stunner! This home has fresh interior and exterior paint. Discover a bright and open interior with plenty of natural light and a neutral color palate. Step into the kitchen, complete with an eye catching stylish backsplash. You won’t want to leave the serene primary suite, the perfect space to relax. Other bedrooms provide nice flexible living space. Good primary bathroom. Finally, the backyard, a great space for entertaining and enjoying the outdoors. Like what you hear? Come see it for yourself!

20. 2023-01-14
    status Pending 571-char remark

    Show marketing remark (571 chars)

    One or more photo(s) has been virtually staged. Check out this stunner! This home has fresh interior and exterior paint. Discover a bright and open interior with plenty of natural light and a neutral color palate. Step into the kitchen, complete with an eye catching stylish backsplash. You won’t want to leave the serene primary suite, the perfect space to relax. Other bedrooms provide nice flexible living space. Good primary bathroom. Finally, the backyard, a great space for entertaining and enjoying the outdoors. Like what you hear? Come see it for yourself!

21. 2023-01-05
    price $198,000 571-char remark

    Show marketing remark (571 chars)

    One or more photo(s) has been virtually staged. Check out this stunner! This home has fresh interior and exterior paint. Discover a bright and open interior with plenty of natural light and a neutral color palate. Step into the kitchen, complete with an eye catching stylish backsplash. You won’t want to leave the serene primary suite, the perfect space to relax. Other bedrooms provide nice flexible living space. Good primary bathroom. Finally, the backyard, a great space for entertaining and enjoying the outdoors. Like what you hear? Come see it for yourself!

22. 2022-12-28
    listed $201,000 Active 571-char remark

    Show marketing remark (571 chars)

    One or more photo(s) has been virtually staged. Check out this stunner! This home has fresh interior and exterior paint. Discover a bright and open interior with plenty of natural light and a neutral color palate. Step into the kitchen, complete with an eye catching stylish backsplash. You won’t want to leave the serene primary suite, the perfect space to relax. Other bedrooms provide nice flexible living space. Good primary bathroom. Finally, the backyard, a great space for entertaining and enjoying the outdoors. Like what you hear? Come see it for yourself!

23. 2022-12-08
    soldstatus $166,800
24. 2014-10-06
    soldstatus $22,000 Sold 711-char remark

    Show marketing remark (711 chars)

    3 Bedroom 1.5 bath home with a pass through window between the dining room and living room. This home has a half bath in the master bedroom, a utility room, a shed, and a 1 vehicle carport. Buyer is advised to have complete and thorough inspections done and to verify all information. Seller/Agents have no knowledge of property conditions. No seller disclosure available. Keys are not released until proof of funding and all buyer/seller documents have been delivered to Title Company. Being Sold As-Is. This property is eligible under the Freddie Mac First Look Initiative through 8/24/14. (no investor offers during this period) ALL attachments must be signed by buyer and/or agent, and submitted with offer.

25. 2014-09-15
    status Pending 711-char remark

    Show marketing remark (711 chars)

    3 Bedroom 1.5 bath home with a pass through window between the dining room and living room. This home has a half bath in the master bedroom, a utility room, a shed, and a 1 vehicle carport. Buyer is advised to have complete and thorough inspections done and to verify all information. Seller/Agents have no knowledge of property conditions. No seller disclosure available. Keys are not released until proof of funding and all buyer/seller documents have been delivered to Title Company. Being Sold As-Is. This property is eligible under the Freddie Mac First Look Initiative through 8/24/14. (no investor offers during this period) ALL attachments must be signed by buyer and/or agent, and submitted with offer.

26. 2014-09-05
    price $24,900 711-char remark

    Show marketing remark (711 chars)

    3 Bedroom 1.5 bath home with a pass through window between the dining room and living room. This home has a half bath in the master bedroom, a utility room, a shed, and a 1 vehicle carport. Buyer is advised to have complete and thorough inspections done and to verify all information. Seller/Agents have no knowledge of property conditions. No seller disclosure available. Keys are not released until proof of funding and all buyer/seller documents have been delivered to Title Company. Being Sold As-Is. This property is eligible under the Freddie Mac First Look Initiative through 8/24/14. (no investor offers during this period) ALL attachments must be signed by buyer and/or agent, and submitted with offer.

27. 2014-08-05
    listed $34,900 Active 711-char remark

    Show marketing remark (711 chars)

    3 Bedroom 1.5 bath home with a pass through window between the dining room and living room. This home has a half bath in the master bedroom, a utility room, a shed, and a 1 vehicle carport. Buyer is advised to have complete and thorough inspections done and to verify all information. Seller/Agents have no knowledge of property conditions. No seller disclosure available. Keys are not released until proof of funding and all buyer/seller documents have been delivered to Title Company. Being Sold As-Is. This property is eligible under the Freddie Mac First Look Initiative through 8/24/14. (no investor offers during this period) ALL attachments must be signed by buyer and/or agent, and submitted with offer.

28. 1982-05-01
    soldstatus $30,500

ⓘ 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: $2,701 · $225/mo
• Projected year-2 tax: $2,701 · $225/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 71% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 9/10 Extreme 7 d/yr ≥108°F today · 25 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,800
• − Mortgage interest: −$12,884
• − Property taxes: −$2,701
• − Insurance: −$1,150
• − Repairs & maintenance: −$1,904
• − Management: −$1,904
• − Depreciation: −$6,691
• Taxable loss: −$3,434
• Est. tax savings @ 24.0%: +$824
• After-tax cash flow: $1,301/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 — Lake Wales

• Score: 68/100
• State rank: #535
• US rank: #10036

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Polk County · 740,051 people
• City population: 5,431
• Metro: Lakeland-Winter Haven, FL
• Population (ZIP): 18,527
• Household income: $57,224
• Rent vs Own: 12.6% rent · 87.4% own
• Severe rent burden: 148.0

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 (74%)
• Race & ethnicity: White 74% Hispanic / Latino 17% Two or more races 10% Black 6%
• Hispanic origin (detail): Mexican 6% Puerto Rican 4% Cuban 3%
• Common ancestry: Slovak 3% Lithuanian 2% Italian 2%
• Foreign-born: 9% · Canada
• Languages at home: 81% English-only · Spanish 17% French/Haitian/Cajun 1% Other Indo-European 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: ▼ -60.62%
• Current HPI: 340.6056
• Rent YoY: —
• 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

+654.1% since first listed

15 events — show timeline

• 2026-01-19 Listed $230,000 Stellar MLS as Distributed by MLS Grid
• 2023-03-15 Sold (Public Records) $187,000 Public Records
• 2023-03-13 Sold (MLS) $187,000 Stellar MLS as Distributed by MLS Grid
• 2023-02-21 Pending — Stellar MLS as Distributed by MLS Grid
• 2023-02-02 Price Changed $197,000 Stellar MLS as Distributed by MLS Grid
• 2023-01-20 Relisted — Stellar MLS as Distributed by MLS Grid
• 2023-01-14 Pending — Stellar MLS as Distributed by MLS Grid
• 2023-01-05 Price Changed $198,000 Stellar MLS as Distributed by MLS Grid
• 2022-12-28 Listed $201,000 Stellar MLS as Distributed by MLS Grid
• 2022-12-08 Sold (Public Records) $166,800 Public Records
• 2014-10-06 Sold (MLS) $22,000 Stellar MLS as Distributed by MLS Grid
• 2014-09-15 Pending — Stellar MLS as Distributed by MLS Grid
• 2014-09-05 Price Changed $24,900 Stellar MLS as Distributed by MLS Grid
• 2014-08-05 Listed $34,900 Stellar MLS as Distributed by MLS Grid
• 1982-05-01 Sold (Public Records) $30,500 Public Records

Property tax history

+15.8%/yr

Latest (2025): $2,701 · +2.5% YoY. Source: county tax records.