202 Caloosa Lake Cir S · Crooked Lake Park, FL 33859

$185,000

3 bd · 2.0 ba · 1,344 sqft · Manufactured public records · 132 Days on market

Built 1979 5,985 sqft lot

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Why this score? — see what drove the C- 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 +20.6/30.0
• ARV discount +7.5/15.0
• DSCR +6.6/10.0
• 1% rule +5.1/10.0
• Schools +3.5/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Check out this affordable home in Lake Wales next to Crooked Lake, conveniently located off of highway 27 in the Caloosa Lake Village neighborhood. This spacious 3 bedroom, 2 bathroom home includes . 14 acres of land is full of potential. The home boasts two living areas, a dining room and sizeable kitchen along with a screened in porch to enjoy your coffee and soak in the Florida sunshine. The primary bedroom is at the rear of the home and is spacious and features a large ensuite bathroom with modern tiled shower. The 2 other bedrooms sit at the center of the home off of the livingroom and are separated by a main bathroom. Both bedrooms are well sized and have built in closets. The bathroom features a tub and shower combo. Off of the livingroom is a dining room with built in shelving with glass display cabinetry. The kitchen has a lot of cabinet space and is encompassed with an L-shaped countertop perfect for hosting meals with family and friends. Off of the kitchen and dining area is the larger family room perfect for gathering and watching your favorite entertainment. The home features a cement driveway with a carport to keep your vehicles out of the sun and a utility room off of the carport for laundry and storage needs. Additional storage is provided in a shed at the back of the property that is in great shape. The under-flooring in the home is plywood which is sturdier and lasts longer than traditional manufactured home flooring. The flooring in the bedroom is the under-flooring which allows you to bring in your own style and preference. Check out this house today. It is ready for you to bring back its shine!

Key facts

• Covered carport
• Renovated kitchen
• Extended driveway

Tags

• RENOVATED KITCHEN
• GRANITE COUNTERTOPS
• SCREENED-IN FRONT PORCH
• COVERED CARPORT
• EXTENDED DRIVEWAY

Property features AI

Finance

• Other: Lot approximately 0.14 acres (60 x 100)
• HOA & community: No association

Exterior

• Parking: Carport with 4 covered spaces
• Utilities: Public water; Public sewer; Electricity available
• Home design: Manufactured double-wide home; Single-story; North-facing
• Construction: Metal siding; Metal roof; Other foundation; Built as a double wide manufactured home
• Exterior features: Paved road access; Sliding glass doors

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating; Central air conditioning
• Interior features: Ceiling fans; Walk-in closets; Sliding doors (exterior access)
• Laundry & utility: Dedicated laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $185k.

Deal economics

• At list price, monthly cash flow is $248 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $185k).
• Recommended offer: $163k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 62/100 on livability (#766 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: schools F, 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: 261 active listings in the ZIP; 10,384 units permitted in Polk County in 2024 (1,716 in 5+ unit buildings).
• This rent runs 39% 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 $1k of loan paydown is wiped out by about $6k 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 132 days — a 12% lower offer ($163k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts; this cycle's ask has dropped $30k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $75k; list at $185k implies a 147% 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; major 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 $162,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 132 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1979 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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: 1.01% ✓
• Cap rate: 7.90%
• Cash-on-cash: 5.74%
• DSCR: 1.26
• GRM: 8.3

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: -7.4%
• Equity multiple: 0.73×
• Total profit: $-14,196
• Equity at exit: $27,584

10-year hold

• IRR: 2.1%
• Equity multiple: 1.15×
• Total profit: $7,940
• Equity at exit: $15,995

Cash invested: $51,800 (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 33859

• Home prices YoY: -16.6%
• Active inventory: 261
• Price-to-rent: 8.3×

Monthly cashflow live

• Estimated rent: $1,860 medium
• Mortgage (P&I): −$970
• Tax from tax record: −$174 /mo · $2,087/yr
• Insurance: −$77
• HOA: −$0
• Vacancy / Maint / Mgmt: −$391
• Net cashflow: $248

Break-even live

Break-even rent $1,546

Max offer price $185,000

Occupancy floor 82%

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: $46,250
• Closing costs: $5,550
• Reserves months: —
• Total cash needed: —

Listing history 29 events

1. 2026-06-18
   days on market $185,000 Active 132 DOM
2. 2026-06-17
   price $185,000 Active 131 DOM
3. 2026-06-17
   days on market $190,000 Active 131 DOM
4. 2026-06-16
   days on market $190,000 Active 130 DOM
5. 2026-06-15
   days on market $190,000 Active 129 DOM
6. 2026-06-13
   days on market $190,000 Active 127 DOM
7. 2026-06-10
   days on market $190,000 Active 124 DOM
8. 2026-06-09
   days on market $190,000 Active 123 DOM
9. 2026-06-08
   days on market $190,000 Active 122 DOM
10. 2026-06-07
    days on market $190,000 Active 121 DOM
11. 2026-06-05
    days on market $190,000 Active 118 DOM
12. 2026-06-03
    days on market $190,000 Active 116 DOM
13. 2026-06-01
    days on market $190,000 Active 115 DOM
14. 2026-05-31
    days on market $190,000 Active 114 DOM
15. 2026-05-10
    status Active
16. 2026-05-08
    historical
17. 2026-04-30
    price $190,000
18. 2026-04-17
    price $195,000
19. 2026-03-26
    price $198,000
20. 2026-03-16
    price $200,000
21. 2026-03-02
    price $210,000
22. 2026-02-05
    listed $215,000 Active
23. 2025-06-24
    soldstatus $75,000 Closed 1642-char remark

    Show marketing remark (1642 chars)

    Check out this affordable home in Lake Wales next to Crooked Lake, conveniently located off of highway 27 in the Caloosa Lake Village neighborhood. This spacious 3 bedroom, 2 bathroom home includes . 14 acres of land is full of potential. The home boasts two living areas, a dining room and sizeable kitchen along with a screened in porch to enjoy your coffee and soak in the Florida sunshine. The primary bedroom is at the rear of the home and is spacious and features a large ensuite bathroom with modern tiled shower. The 2 other bedrooms sit at the center of the home off of the livingroom and are separated by a main bathroom. Both bedrooms are well sized and have built in closets. The bathroom features a tub and shower combo. Off of the livingroom is a dining room with built in shelving with glass display cabinetry. The kitchen has a lot of cabinet space and is encompassed with an L-shaped countertop perfect for hosting meals with family and friends. Off of the kitchen and dining area is the larger family room perfect for gathering and watching your favorite entertainment. The home features a cement driveway with a carport to keep your vehicles out of the sun and a utility room off of the carport for laundry and storage needs. Additional storage is provided in a shed at the back of the property that is in great shape. The under-flooring in the home is plywood which is sturdier and lasts longer than traditional manufactured home flooring. The flooring in the bedroom is the under-flooring which allows you to bring in your own style and preference. Check out this house today. It is ready for you to bring back its shine!

24. 2025-05-27
    status Pending 1642-char remark

    Show marketing remark (1642 chars)

    Check out this affordable home in Lake Wales next to Crooked Lake, conveniently located off of highway 27 in the Caloosa Lake Village neighborhood. This spacious 3 bedroom, 2 bathroom home includes . 14 acres of land is full of potential. The home boasts two living areas, a dining room and sizeable kitchen along with a screened in porch to enjoy your coffee and soak in the Florida sunshine. The primary bedroom is at the rear of the home and is spacious and features a large ensuite bathroom with modern tiled shower. The 2 other bedrooms sit at the center of the home off of the livingroom and are separated by a main bathroom. Both bedrooms are well sized and have built in closets. The bathroom features a tub and shower combo. Off of the livingroom is a dining room with built in shelving with glass display cabinetry. The kitchen has a lot of cabinet space and is encompassed with an L-shaped countertop perfect for hosting meals with family and friends. Off of the kitchen and dining area is the larger family room perfect for gathering and watching your favorite entertainment. The home features a cement driveway with a carport to keep your vehicles out of the sun and a utility room off of the carport for laundry and storage needs. Additional storage is provided in a shed at the back of the property that is in great shape. The under-flooring in the home is plywood which is sturdier and lasts longer than traditional manufactured home flooring. The flooring in the bedroom is the under-flooring which allows you to bring in your own style and preference. Check out this house today. It is ready for you to bring back its shine!

25. 2025-05-17
    price $90,000 1642-char remark

    Show marketing remark (1642 chars)

    Check out this affordable home in Lake Wales next to Crooked Lake, conveniently located off of highway 27 in the Caloosa Lake Village neighborhood. This spacious 3 bedroom, 2 bathroom home includes . 14 acres of land is full of potential. The home boasts two living areas, a dining room and sizeable kitchen along with a screened in porch to enjoy your coffee and soak in the Florida sunshine. The primary bedroom is at the rear of the home and is spacious and features a large ensuite bathroom with modern tiled shower. The 2 other bedrooms sit at the center of the home off of the livingroom and are separated by a main bathroom. Both bedrooms are well sized and have built in closets. The bathroom features a tub and shower combo. Off of the livingroom is a dining room with built in shelving with glass display cabinetry. The kitchen has a lot of cabinet space and is encompassed with an L-shaped countertop perfect for hosting meals with family and friends. Off of the kitchen and dining area is the larger family room perfect for gathering and watching your favorite entertainment. The home features a cement driveway with a carport to keep your vehicles out of the sun and a utility room off of the carport for laundry and storage needs. Additional storage is provided in a shed at the back of the property that is in great shape. The under-flooring in the home is plywood which is sturdier and lasts longer than traditional manufactured home flooring. The flooring in the bedroom is the under-flooring which allows you to bring in your own style and preference. Check out this house today. It is ready for you to bring back its shine!

26. 2025-05-06
    price $99,999 1642-char remark

    Show marketing remark (1642 chars)

    Check out this affordable home in Lake Wales next to Crooked Lake, conveniently located off of highway 27 in the Caloosa Lake Village neighborhood. This spacious 3 bedroom, 2 bathroom home includes . 14 acres of land is full of potential. The home boasts two living areas, a dining room and sizeable kitchen along with a screened in porch to enjoy your coffee and soak in the Florida sunshine. The primary bedroom is at the rear of the home and is spacious and features a large ensuite bathroom with modern tiled shower. The 2 other bedrooms sit at the center of the home off of the livingroom and are separated by a main bathroom. Both bedrooms are well sized and have built in closets. The bathroom features a tub and shower combo. Off of the livingroom is a dining room with built in shelving with glass display cabinetry. The kitchen has a lot of cabinet space and is encompassed with an L-shaped countertop perfect for hosting meals with family and friends. Off of the kitchen and dining area is the larger family room perfect for gathering and watching your favorite entertainment. The home features a cement driveway with a carport to keep your vehicles out of the sun and a utility room off of the carport for laundry and storage needs. Additional storage is provided in a shed at the back of the property that is in great shape. The under-flooring in the home is plywood which is sturdier and lasts longer than traditional manufactured home flooring. The flooring in the bedroom is the under-flooring which allows you to bring in your own style and preference. Check out this house today. It is ready for you to bring back its shine!

27. 2025-04-23
    status Active 1642-char remark

    Show marketing remark (1642 chars)

    Check out this affordable home in Lake Wales next to Crooked Lake, conveniently located off of highway 27 in the Caloosa Lake Village neighborhood. This spacious 3 bedroom, 2 bathroom home includes . 14 acres of land is full of potential. The home boasts two living areas, a dining room and sizeable kitchen along with a screened in porch to enjoy your coffee and soak in the Florida sunshine. The primary bedroom is at the rear of the home and is spacious and features a large ensuite bathroom with modern tiled shower. The 2 other bedrooms sit at the center of the home off of the livingroom and are separated by a main bathroom. Both bedrooms are well sized and have built in closets. The bathroom features a tub and shower combo. Off of the livingroom is a dining room with built in shelving with glass display cabinetry. The kitchen has a lot of cabinet space and is encompassed with an L-shaped countertop perfect for hosting meals with family and friends. Off of the kitchen and dining area is the larger family room perfect for gathering and watching your favorite entertainment. The home features a cement driveway with a carport to keep your vehicles out of the sun and a utility room off of the carport for laundry and storage needs. Additional storage is provided in a shed at the back of the property that is in great shape. The under-flooring in the home is plywood which is sturdier and lasts longer than traditional manufactured home flooring. The flooring in the bedroom is the under-flooring which allows you to bring in your own style and preference. Check out this house today. It is ready for you to bring back its shine!

28. 2025-03-27
    listed $110,000 Active 1642-char remark

    Show marketing remark (1642 chars)

    Check out this affordable home in Lake Wales next to Crooked Lake, conveniently located off of highway 27 in the Caloosa Lake Village neighborhood. This spacious 3 bedroom, 2 bathroom home includes . 14 acres of land is full of potential. The home boasts two living areas, a dining room and sizeable kitchen along with a screened in porch to enjoy your coffee and soak in the Florida sunshine. The primary bedroom is at the rear of the home and is spacious and features a large ensuite bathroom with modern tiled shower. The 2 other bedrooms sit at the center of the home off of the livingroom and are separated by a main bathroom. Both bedrooms are well sized and have built in closets. The bathroom features a tub and shower combo. Off of the livingroom is a dining room with built in shelving with glass display cabinetry. The kitchen has a lot of cabinet space and is encompassed with an L-shaped countertop perfect for hosting meals with family and friends. Off of the kitchen and dining area is the larger family room perfect for gathering and watching your favorite entertainment. The home features a cement driveway with a carport to keep your vehicles out of the sun and a utility room off of the carport for laundry and storage needs. Additional storage is provided in a shed at the back of the property that is in great shape. The under-flooring in the home is plywood which is sturdier and lasts longer than traditional manufactured home flooring. The flooring in the bedroom is the under-flooring which allows you to bring in your own style and preference. Check out this house today. It is ready for you to bring back its shine!

29. 1990-11-01
    soldstatus $36,500

ⓘ 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: $2,087 · $174/mo
• Projected year-2 tax: $2,087 · $174/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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 6/10 Major
• 🌡 Heat 8/10 Severe 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 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,315
• − Mortgage interest: −$10,363
• − Property taxes: −$2,087
• − Insurance: −$925
• − Repairs & maintenance: −$1,785
• − Management: −$1,785
• − Depreciation: −$5,382
• Taxable loss: −$12
• Est. tax savings @ 24.0%: +$3
• After-tax cash flow: $2,978/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 — Crooked Lake Park

• Score: 62/100
• State rank: #766
• US rank: #17131

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Crooked Lake Park, FL
• County: Polk County · 740,051 people
• 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: 408.0

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: 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: —

Market trends

• HPI YoY: ▼ -53.19%
• Current HPI: 267.4537
• 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

+420.5% since first listed

15 events — show timeline

• 2026-05-10 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-05-08 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2026-04-30 Price Changed $190,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-17 Price Changed $195,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-26 Price Changed $198,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-16 Price Changed $200,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-02 Price Changed $210,000 Stellar MLS as Distributed by MLS Grid
• 2026-02-05 Listed $215,000 Stellar MLS as Distributed by MLS Grid
• 2025-06-24 Sold (MLS) $75,000 Stellar MLS as Distributed by MLS Grid
• 2025-05-27 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-05-17 Price Changed $90,000 Stellar MLS as Distributed by MLS Grid
• 2025-05-06 Price Changed $99,999 Stellar MLS as Distributed by MLS Grid
• 2025-04-23 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-03-27 Listed $110,000 Stellar MLS as Distributed by MLS Grid
• 1990-11-01 Sold (Public Records) $36,500 Public Records

Property tax history

+34.0%/yr

Latest (2025): $2,087 · +1.7% YoY. Source: county tax records.