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394 Sequoia Dr
D+ Composite 48.21
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 +13.3/30.0
  • ARV discount +13.2/15.0
  • Condition / age +5.0/5.0
  • DSCR +4.0/10.0
  • 1% rule +3.7/10.0
  • Livability +3.4/5.0
  • Schools +3.2/10.0
  • Rent growth +2.5/5.0
  • Appreciation +0.0/10.0

$225,320

394 Sequoia Dr · Lake Wales, FL 33859
3 bd · 2.5 ba · 1,557 sqft · Townhouse · 5 Days on market
Built 2025 Excellent condition 3,484 sqft lot Garage $145/sqft · 13% below area Est $258k · 13% under $191/mo HOA · 10% of rent ↓ 11% since listing

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks MLS

This delightful, two-story home showcases an open floor plan with tile flooring and a generous great room. The kitchen is equipped with granite countertops, a breakfast bar, pantry, a Moen® faucet, Whirlpool® stainless steel appliances and 36-inch upper cabinets. Upstairs, enjoy the convenience of a dedicated laundry room. The primary suite features a walk-in closet and connecting bath that offers a dual-sink vanity and walk-in shower with tile surround.

Key facts

  • Open floor plan
  • Walk-in closet
  • Dual-sink vanity

Tags

OPEN FLOOR PLANGRANITE COUNTERTOPSBREAKFAST BARDEDICATED LAUNDRY ROOMWALK-IN CLOSETDUAL-SINK VANITY

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 3-bed/2.5-bath townhouse listed at $225k. Condition is rated excellent.

Deal economics

  • At list price, monthly cash flow is $-1 ($-11/yr) — negative.
  • To cash-flow at today's rent, offer at most $225k (0.1% below list).
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $195k (13.4% below list).
  • Recommended offer: $195k (13.4% below list) — sets the bar for 1% rule.
  • Cap rate 6.3% vs local median 4.3% in Lake Wales — 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 (#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: Spook Hill Elementary School (math 28% / reading 33%, grade F, #1,862 of 2,144 statewide, top 88%, 584 students, 67% FRL); Mclaughlin Academy of Excellence (math 34% / reading 32%, grade F, #437 of 571 statewide, top 77%, 542 students, 68% FRL); Winter Haven Senior High School (math 26% / reading 38%, grade F, #415 of 667 statewide, top 63%, 2,467 students, 50% FRL) — zoned schools at 62% FRL track the district average.
  • Market conditions: 436 active listings in the ZIP; 33 comparable units currently listed for rent nearby; rentals lingering (median 74d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 64% of comp listings sitting > 30 days — soft ceiling on asking rent; 10,384 units permitted in Polk County in 2024 (1,716 in 5+ unit buildings).
  • This rent runs 41% of the median local income ($58k/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

  • Only 5 days on market — expect competitive offers; lowballing is unlikely to land.
  • 2 sale attempts 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.
Recommended offer $195,082 (13.4% 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. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  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
0.87%
Cap rate
6.29%
Cash-on-cash
-0.02%
DSCR
1.00
GRM
9.6

CMA / ARV

ARV (median comp)
$258,000
List price
$225,320
Delta
-2.98%
Verdict
FAIR
Comps
1 within 2.0 mi
Show comp detail 8 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
387 Sequoia Dr 0.03mi 3/2.5 1,685 (+8%) 1mo $258,000 $153 84
746 Greenway Blvd 0.47mi 4/2.0 (+1) 1,498 (-4%) 1mo $261,900 $175 64
216 Rivermill Way 0.26mi 4/2.0 (+1) 1,707 (+10%) 1mo $309,000 $181 64
545 Bell Prairie Cir 0.30mi 4/2.5 (+1) 1,933 (+24%) 1mo $263,000 $136 55
1111 Amber Waves Ct 0.40mi 3/2.0 1,223 (-22%) 1mo $237,900 $195 54
738 Greenway Blvd 0.45mi 3/2.0 1,328 (-15%) 1mo $248,900 $187 52
750 Greenway Blvd 0.48mi 3/2.0 1,328 (-15%) 0mo $254,900 $192 51
4364 Dinner Lake Blvd 0.64mi 3/2.0 1,717 (+10%) 2mo $284,000 $165 50

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 · 3.0% rent growth · sell at horizon

5-year hold
IRR
-16.3%
Equity multiple
0.42×
Total profit
$-36,550
Equity at exit
$33,596
10-year hold
IRR
-8.0%
Equity multiple
0.50×
Total profit
$-31,820
Equity at exit
$19,482

Cash invested: $63,090 (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.
Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
22 active · 7 under contract
Months of supply
132.0 mo (1%/mo absorbed)
Median asking
$229,068 ($146/sqft)
Median days on market
5 d
This list price
27% of active listings are priced below it
ARV vs active asking
+13.4% above current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 33859

Home prices YoY
-16.6%
Active inventory
436
Price-to-rent
9.6×

Monthly cashflow live

Estimated rent
$1,951 high interval (Pro) →
Mortgage (P&I)
$1,182
Tax from tax record
$76 /mo · $907/yr
Insurance
$94
HOA
$191
Vacancy / Maint / Mgmt
$410
Net cashflow
$-1

Break-even live

Break-even rent $1,952
Max offer price $225,158
Occupancy floor 95%

Sensitivity live

Price -10% $127 -5% $63 +0% $-1 +5% $-65 +10% $-128
Rent -10% $-155 -5% $-78 +0% $-1 +5% $76 +10% $153
Rate -1.0pp $113 -0.5pp $56 base $-1 +0.5pp $-59 +1.0pp $-119

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
$56,330
Closing costs
$6,760
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 33 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
355 Sequoia Dr Lake Wales, FL 3.0 2.5 1685 $2,100 $1.25 9d 1 0.04mi
160 Cypress Knees Dr Lake Wales, FL 3.0 2.0 1511 $1,900 $1.26 9d 1 0.19mi
3208 Creek Side Dr Lake Wales, FL 2.0 1.0 1187 $1,420 $1.20 9d 1 0.19mi
573 Bell Prairie Cir Lake Wales, FL 3.0 2.0 1444 $1,895 $1.31 6d 1 0.24mi
598 Bell Prairie Cir Lake Wales, FL 4.0 2.5 1931 $1,900 $0.98 73d 1 0.25mi
602 Bell Prairie Cir Lake Wales, FL 3.0 2.0 1461 $1,800 $1.23 80d 1 0.25mi
260 Lake Suzanne Dr Lake Wales, FL 2.0 2.0 1321 $1,650 $1.25 119d 1 0.28mi
626 Bell Prairie Cir Lake Wales, FL 4.0 2.0 1931 $2,600 $1.35 119d 1 0.30mi
645 Bell Prairie Cir Lake Wales, FL 4.0 2.5 1933 $2,000 $1.03 107d 1 0.32mi
529 Bell Prairie Cir Lake Wales, FL 4.0 2.5 1879 $2,000 $1.06 88d 1 0.33mi
642 Bell Prairie Cir Lake Wales, FL 4.0 2.5 1931 $2,199 $1.14 6d 1 0.34mi
517 Bell Prairie Cir Lake Wales, FL 4.0 2.5 1897 $2,100 $1.11 110d 1 0.34mi
517 Bell Prairie Cir Lake Wales, FL 4.0 2.5 1933 $2,098 $1.09 93d 1 0.34mi
309 Singing Sands Cir Lake Wales, FL 4.0 2.0 1935 $2,200 $1.14 73d 1 0.38mi
437 Singing Sands Cir Lake Wales, FL 3.0 2.0 1555 $1,750 $1.13 6d 1 0.40mi
413 Singing Sands Cir Lake Wales, FL 4.0 2.0 1817 $1,950 $1.07 99d 1 0.42mi
338 Rustic Rail Dr Lake Wales, FL 4.0 2.0 1841 $2,000 $1.09 9d 1 0.44mi
346 Rustic Rail Dr Lake Wales, FL 4.0 2.0 1844 $2,000 $1.08 9d 1 0.46mi
199 Dinner Lake Loop Lake Wales, FL 3.0 2.0 1599 $1,800 $1.13 110d 1 0.47mi
105 Serenity Loop Unit 5-302 Lake Wales, FL 2.0 2.0 1095 $2,305 $2.11 119d 1 0.68mi
105 Serenity Loop Unit 10-302 Lake Wales, FL 2.0 2.0 1095 $2,353 $2.15 0d 1 0.68mi
105 Serenity Lp Lake Wales, FL 1.0–3.0 1.0–2.0 1007 $2,245 $2.23 0d 31 0.68mi
243 C F Kinney Rd Lake Wales, FL 3.0 2.0 1600 $2,600 $1.62 117d 1 0.69mi
343 Dinner Lake Ct Lake Wales, FL 4.0 2.0 1801 $2,400 $1.33 110d 1 0.73mi
238 Dinner Lake Pl Lake Wales, FL 4.0 2.0 1913 $1,900 $0.99 65d 1 0.80mi
315 Dinner Lake Ct Lake Wales, FL 3.0 2.0 1405 $2,000 $1.42 119d 1 0.83mi
802 Ballantyne Dr Lake Wales, FL 4.0 2.0 1928 $1,999 $1.04 73d 1 0.98mi
830 Ballantyne Dr Lake Wales, FL 3.0 2.0 1434 $1,990 $1.39 62d 1 1.01mi
819 Ballantyne Dr Lake Wales, FL 4.0 2.0 1928 $2,000 $1.04 9d 1 1.03mi
706 Benz St Lake Wales, FL 3.0 2.0 1434 $1,900 $1.32 9d 1 1.03mi
474 Hennepin Loop Lake Wales, FL 3.0 2.0 1589 $1,850 $1.16 119d 1 1.13mi
240 Masterpiece Rd Lake Wales, FL 3.0 2.0 1418 $1,500 $1.06 65d 1 1.14mi
240 Masterpiece Rd Lake Wales, FL 3.0 2.0 1418 $1,500 $1.06 63d 1 1.14mi

Property features AI

Finance

Other
Total acreage: less than 1/4 acre (approx. 0.08 acre)Lot with asphalt road accessPermit number: 2024-00815Builder license number: CRC1331406
HOA & community
Has HOA (Empire Management Group)Monthly HOA approximately $33.33Quarterly association fees (examples listed: $100 quarterly; $474 quarterly)HOA amenities include trails and poolCommunity features include clubhouse, deed restrictions, playground, poolPets allowed

Exterior

Parking
Attached garage (1 car) — 20x10
Utilities
Public waterPublic sewerBroadband/high-speed internet available
Home design
Attached townhouseTwo storiesFaces southCompleted (new construction)
Construction
Block, stucco and frame constructionShingle roofSlab foundationBuilt by KB Home (model 1557/A)
Exterior features
Covered front porchSidewalk

Interior

Kitchen
DishwasherRangeRange hoodGarbage disposal
Bedrooms
3 bedrooms
Flooring
CarpetTile
Bathrooms
2 full bathrooms1 half bathroom
Heating & cooling
Central heatingCentral air conditioning
Interior features
Open floorplanStone countersProgrammable thermostatWalk-in closetsENERGY STAR qualified windows
Laundry & utility
Laundry closet on upper level

HOA detail $191/mo · $2,292/yr

Likely covers
pool

Listing history 50 events

  1. 2026-09-24
    days on market $225,320 Active 5 DOM
  2. 2026-09-23
    days on market $225,320 Active 4 DOM
  3. 2026-09-22
    days on market $225,320 Active 3 DOM
  4. 2026-09-21
    days on market $225,320 Active 2 DOM
  5. 2026-09-19
    days on marketlisting id $225,320 Active 1 DOM
  6. 2026-09-18
    pricedays on market $225,320 Active 169 DOM
    Show marketing remark (466 chars)

    This delightful, two-story home showcases an open floor plan with tile flooring and a generous great room. The kitchen is equipped with granite countertops, a breakfast bar, pantry, a Moen® faucet, Whirlpool® stainless steel appliances and 36-inch upper cabinets. Upstairs, enjoy the convenience of a dedicated laundry room. The primary suite features a walk-in closet and connecting bath that offers a dual-sink vanity and walk-in shower with tile surround.

  7. 2026-09-17
    days on market $250,320 Active 168 DOM
  8. 2026-09-16
    days on market $250,320 Active 167 DOM
  9. 2026-09-15
    days on market $250,320 Active 166 DOM
  10. 2026-09-14
    days on market $250,320 Active 165 DOM
  11. 2026-09-13
    days on market $250,320 Active 164 DOM
  12. 2026-09-12
    days on market $250,320 Active 163 DOM
  13. 2026-09-11
    days on market $250,320 Active 162 DOM
  14. 2026-09-05
    days on market $250,320 Active 156 DOM
  15. 2026-09-04
    days on market $250,320 Active 155 DOM
  16. 2026-09-03
    days on market $250,320 Active 154 DOM
  17. 2026-08-31
    days on market $250,320 Active 151 DOM
  18. 2026-08-30
    days on market $250,320 Active 150 DOM
  19. 2026-08-29
    days on market $250,320 Active 149 DOM
  20. 2026-08-28
    days on market $250,320 Active 148 DOM
  21. 2026-08-27
    days on market $250,320 Active 147 DOM
  22. 2026-08-26
    days on market $250,320 Active 146 DOM
  23. 2026-08-25
    days on market $250,320 Active 145 DOM
  24. 2026-08-24
    days on market $250,320 Active 144 DOM
  25. 2026-08-23
    days on market $250,320 Active 143 DOM
  26. 2026-08-22
    days on market $250,320 Active 142 DOM
  27. 2026-08-21
    days on market $250,320 Active 141 DOM
  28. 2026-08-20
    days on market $250,320 Active 140 DOM
  29. 2026-08-19
    days on market $250,320 Active 139 DOM
  30. 2026-08-18
    days on market $250,320 Active 138 DOM
  31. 2026-08-17
    days on market $250,320 Active 137 DOM
  32. 2026-08-16
    days on market $250,320 Active 136 DOM
  33. 2026-08-15
    days on market $250,320 Active 135 DOM
  34. 2026-08-14
    days on market $250,320 Active 134 DOM
  35. 2026-08-12
    days on market $250,320 Active 132 DOM
  36. 2026-08-11
    days on market $250,320 Active 131 DOM
  37. 2026-08-10
    days on market $250,320 Active 130 DOM
  38. 2026-08-09
    days on market $250,320 Active 129 DOM
  39. 2026-08-08
    days on market $250,320 Active 128 DOM
  40. 2026-08-07
    days on market $250,320 Active 127 DOM
  41. 2026-08-06
    days on market $250,320 Active 126 DOM
  42. 2026-08-05
    days on market $250,320 Active 125 DOM
  43. 2026-08-04
    days on market $250,320 Active 124 DOM
  44. 2026-08-03
    days on market $250,320 Active 123 DOM
  45. 2026-07-31
    days on market $250,320 Active 120 DOM
  46. 2026-07-30
    days on market $250,320 Active 119 DOM
  47. 2026-07-30
    days on market $250,320 Active 118 DOM
  48. 2026-07-28
    days on market $250,320 Active 117 DOM
  49. 2026-07-26
    days on market $250,320 Active 115 DOM
  50. 2026-07-24
    days on market $250,320 Active 113 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
$907 · $76/mo
Projected year-2 tax
$1,870 · $156/mo
Expected delta
+$963/yr (+$80/mo · 106.2%)

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

Nearby sold comps map

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Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$23,410
− Mortgage interest
−$12,621
− Property taxes
−$907
− Insurance
−$1,127
− Repairs & maintenance
−$1,873
− Management
−$1,873
− HOA
−$2,292
− Depreciation
−$6,555
Taxable loss
−$3,837
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$921
After-tax cash flow
$910/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.

Condition & rehab AI · 10 photos

Excellent 100/100 None rehab

This move-in-ready townhouse is in excellent condition with no visible repairs needed. It offers a spacious floor plan, modern appliances, and a well-maintained exterior. Potential buyers and renters will appreciate the curb appeal and interior updates that can be made to further enhance the property's value.

Value-add opportunities

  • Both Painting exterior siding — Enhances curb appeal and value
  • Both Landscaping around the home — Improves curb appeal and enhances property value
  • Both Reorganizing interior furniture — Creates a more inviting and functional living space
F Composite school gradezoned avg 32/100

Zoned Schools

Elementary Spook Hill Elementary School F FL #1,862/2,144 Nat'l #26,279/41,679 Middle Mclaughlin Academy Of Excellence F FL #437/571 Nat'l #8,059/14,009 High Winter Haven Senior High School F FL #415/667 Nat'l #10,416/17,239

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
C Composite livability gradescore 68/100

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

Census place
Lake Wales, FL
County
Polk County · 752,975 people
City population
30,351
Metro
Lakeland-Winter Haven, FL
Population (ZIP)
11,824
Household income
$57,760
Rent vs Own
28.5% rent · 71.5% own
Severe rent burden
14% of renters

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
Majority White (61%)
Race & ethnicity
White 61% Hispanic / Latino 25% Two or more races 13% Black 11%
Hispanic origin (detail)
Mexican 11% Puerto Rican 6% Cuban 1% Dominican 4%
Common ancestry
Lithuanian 2% Romanian 1% Serbian 1%
Foreign-born
10% · Canada
Languages at home
79% English-only · Spanish 19% French/Haitian/Cajun 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

Price history

-10.8% since first listed
5 events — show timeline
  • 2026-09-19 Listed $225,320 Stellar MLS as Distributed by MLS Grid
  • 2026-09-18 Price Changed $225,320 Zillow
  • 2026-04-15 Price Changed $250,320 Zillow
  • 2026-04-04 Price Changed $255,320 Zillow
  • 2026-04-03 Listed $252,690 Zillow

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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