Monterey Plan · Plant City, FL 33565

$457,999

4 bd · 2.5 ba · 2,911 sqft · SingleFamily · 236 Days on market

Good condition $148/mo HOA · 5% of rent

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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 +5.5/30.0
• Condition / age +4.0/5.0
• Schools +3.9/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• 1% rule +1.4/10.0
• DSCR +0.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Style meets space in the 2-story Monterey floor plan, offering 4 bedrooms, 2.5 bathrooms, a 2-car garage and 2,911 square feet of thoughtfully designed living space. On the first floor, enjoy a bright, open-concept layout with a spacious great room, dining area and kitchen with an island-perfect for hosting or everyday moments. A covered lanai extends your living space outdoors, while a flex room near the front of the home is ready to become a home office, hobby room, or more. A downstairs powder room and easy garage access are ultra-convenient. Upstairs, the private primary suite features a spa-inspired bathroom and large walk-in closet, while 3 bedrooms share 1 bathroom. A central loft adds extra room to lounge, play, or work. And, you have options! • Optional outdoor kitchen/rough in • Optional open stair rail • And more!

Key facts

• Covered lanai
• Flex room
• Large walk-in closet

Tags

• OPEN-CONCEPT LAYOUT
• COVERED LANAI
• FLEX ROOM
• PRIVATE PRIMARY SUITE
• SPA-INSPIRED BATHROOM
• LARGE WALK-IN CLOSET

🏗️ New construction. The $457,999 list price is a builder figure, so every metric below is computed on the value from comparable previous sales — $469,065.

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $458k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-1k ($-12k/yr) — negative.
• To cash-flow at today's rent, offer at most $324k (29.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $302k (34.0% below list).
• Recommended offer: $302k (34.0% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 76/100 on livability (#227 in FL, #3,587 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, cost of living A+, housing A+; Watch: employment C-, commute F.
• Hillsborough (suburban): math 47% / reading 50% proficiency, ranked #41 of 73 in FL (top 56%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Knights Elementary School (math 52% / reading 45%, grade D, #1,152 of 2,144 statewide, top 55%, 623 students, 70% FRL); Marshall Middle Magnet School (math 28% / reading 31%, grade F, #469 of 571 statewide, top 84%, 1,089 students, 69% FRL); Plant City High School (math 38% / reading 40%, grade F, #312 of 667 statewide, top 48%, 2,474 students, 58% FRL).
• Market conditions: 550 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals lingering (median 76d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 71% of comp listings sitting > 30 days — soft ceiling on asking rent; 9,053 units permitted in Hillsborough County in 2024 (4,555 in 5+ unit buildings).
• At $3,022/mo this rent would consume 49% of the median local household income ($73k/yr) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $14k of value loss. Plan a longer hold.
• Hillsborough County population projected at +37% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 236 days — a 12% lower offer ($403k) is reasonable based on typical stale-listing flexibility.
• 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 $302,154 (34.0% 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. It's been on market 236 days. Have you received any prior offers? Is the seller open to a 34% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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 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?
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. 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.
9. 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.
10. 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: 0.64% ✗
• Cap rate: 3.73%
• Cash-on-cash: -9.16%
• DSCR: 0.59
• GRM: 12.9

CMA / ARV

• ARV (median comp): $469,065
• List price: $457,999
• Delta: -2.36%
• Verdict: FAIR
• Comps: 17 within 1.0 mi

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3205 Lumber Falls Dr	0.06mi	4/4.5	2,921 (+0%)	12mo	$565,000	$193	78
3116 Lumber Falls Dr	0.01mi	5/4.0 (+1)	3,191 (+10%)	0mo	$609,999	$191	72
3421 Walnut Round Pl	0.36mi	5/4.0 (+1)	3,053 (+5%)	2mo	$535,920	$176	62
3537 Golden Wheat Ln	0.64mi	4/3.5	2,794 (-4%)	1mo	$459,000	$164	59
3539 Golden Wheat Ln	0.64mi	4/3.5	2,794 (-4%)	1mo	$505,940	$181	58
3406 Lumber Falls Dr	0.27mi	4/3.5	2,600 (-11%)	14mo	$509,000	$196	54

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: -32.6%
• Equity multiple: -0.06×
• Total profit: $-139,727
• Equity at exit: $69,939

10-year hold

• IRR: -38.1%
• Equity multiple: -0.55×
• Total profit: $-203,341
• Equity at exit: $40,556

Cash invested: $131,338 (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 →

Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 33 active · 11 under contract
• Months of supply: 28.3 mo (4%/mo absorbed)
• Median asking: $463,999 ($170/sqft)
• Median days on market: 236 d
• This list price: 48% of active listings are priced below it
• ARV vs active asking: -5.4% vs current asking $/sqft

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

ZIP-level market 33565

• Home prices YoY: -24.7%
• Active inventory: 550
• Price-to-rent: 12.6×

Monthly cashflow live

• Estimated rent: $3,022 high
• Mortgage (P&I): −$2,460
• Tax est. 1.5%: −$586 /mo · $7,036/yr
• Insurance: −$195
• HOA: −$148
• Vacancy / Maint / Mgmt: −$635
• Net cashflow: $-1,003

Break-even live

Break-even rent $4,291

Max offer price $323,989

Occupancy floor —

Sensitivity live

Price	-10% $-678	-5% $-841	+0% $-1,003	+5% $-1,165	+10% $-1,327
Rent	-10% $-1,241	-5% $-1,122	+0% $-1,003	+5% $-883	+10% $-764
Rate	-1.0pp $-766	-0.5pp $-883	base $-1,003	+0.5pp $-1,124	+1.0pp $-1,248

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: $117,266
• Closing costs: $14,072
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3521 Maple Grove Way Plant City, FL	3.0	3.0	1994	$2,500	$1.25	37d	1	0.73mi
3521 Maple Grove Way Plant City, FL	3.0	2.5	1994	$2,500	$1.25	75d	1	0.73mi
3440 Ivy Hollow Dr Plant City, FL	5.0	3.0	2605	$2,750	$1.06	165d	1	0.94mi
3338 Shady Sunrise Loop Plant City, FL	4.0	3.0	2371	$2,600	$1.10	10d	1	1.01mi
3809 Sunny Spring St Plant City, FL	5.0	3.0	2964	$2,800	$0.94	165d	1	1.06mi
3827 Sunny Spring St Plant City, FL	4.0	3.0	2756	$3,150	$1.14	165d	1	1.12mi
3911 Midway Rd Plant City, FL	3.0	2.0	2048	$2,800	$1.37	1d	1	1.28mi

Listing history 50 events

1. 2026-11-08
   days on market $457,999 Active 236 DOM
2. 2026-11-07
   days on market $457,999 Active 235 DOM
3. 2026-11-06
   days on market $457,999 Active 234 DOM
4. 2026-11-05
   days on market $457,999 Active 233 DOM
5. 2026-11-04
   days on market $457,999 Active 232 DOM
6. 2026-11-02
   days on market $457,999 Active 230 DOM
7. 2026-11-01
   days on market $457,999 Active 229 DOM
8. 2026-10-31
   days on market $457,999 Active 228 DOM
9. 2026-10-30
   days on market $457,999 Active 227 DOM
10. 2026-10-29
    days on market $457,999 Active 226 DOM
11. 2026-10-28
    days on market $457,999 Active 225 DOM
12. 2026-10-27
    days on market $457,999 Active 224 DOM
13. 2026-10-26
    days on market $457,999 Active 223 DOM
14. 2026-10-25
    days on market $457,999 Active 222 DOM
15. 2026-10-24
    days on market $457,999 Active 221 DOM
16. 2026-10-23
    days on market $457,999 Active 220 DOM
17. 2026-10-22
    days on market $457,999 Active 219 DOM
18. 2026-10-21
    days on market $457,999 Active 218 DOM
19. 2026-10-20
    days on market $457,999 Active 217 DOM
20. 2026-10-19
    days on market $457,999 Active 216 DOM
21. 2026-10-18
    days on market $457,999 Active 215 DOM
22. 2026-10-17
    days on market $457,999 Active 214 DOM
23. 2026-10-16
    days on market $457,999 Active 213 DOM
24. 2026-10-15
    days on market $457,999 Active 212 DOM
25. 2026-10-14
    days on market $457,999 Active 211 DOM
26. 2026-10-13
    days on market $457,999 Active 210 DOM
27. 2026-10-12
    days on market $457,999 Active 209 DOM
28. 2026-10-11
    days on market $457,999 Active 208 DOM
29. 2026-10-10
    days on market $457,999 Active 207 DOM
30. 2026-10-09
    days on market $457,999 Active 206 DOM
31. 2026-10-08
    days on market $457,999 Active 205 DOM
32. 2026-10-07
    days on market $457,999 Active 204 DOM
33. 2026-10-06
    days on market $457,999 Active 203 DOM
34. 2026-10-05
    days on market $457,999 Active 202 DOM
35. 2026-10-03
    days on market $457,999 Active 200 DOM
36. 2026-10-02
    days on market $457,999 Active 199 DOM
37. 2026-10-01
    days on market $457,999 Active 198 DOM
38. 2026-09-30
    days on market $457,999 Active 197 DOM
39. 2026-09-29
    days on market $457,999 Active 196 DOM
40. 2026-09-28
    days on market $457,999 Active 195 DOM
41. 2026-09-27
    days on market $457,999 Active 194 DOM
42. 2026-09-25
    days on market $457,999 Active 192 DOM
43. 2026-09-24
    days on market $457,999 Active 191 DOM
44. 2026-09-23
    days on market $457,999 Active 190 DOM
45. 2026-09-22
    days on market $457,999 Active 189 DOM
46. 2026-09-21
    days on market $457,999 Active 188 DOM
47. 2026-09-20
    days on market $457,999 Active 187 DOM
48. 2026-09-19
    days on market $457,999 Active 186 DOM
49. 2026-09-18
    days on market $457,999 Active 185 DOM
50. 2026-09-17
    days on market $457,999 Active 184 DOM

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

Taxation est. · year 1

• Rental income: $36,258
• − Mortgage interest: −$26,275
• − Property taxes: −$7,036
• − Insurance: −$2,345
• − Repairs & maintenance: −$2,901
• − Management: −$2,901
• − HOA: −$1,776
• − Depreciation: −$13,646
• Taxable loss: −$20,621
• Est. tax savings @ 24.0%: +$4,949
• After-tax cash flow: $-7,082/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 · 6 photos

Good 80/100 None rehab

This home is in excellent condition with no visible repairs needed. It offers a good ROI with updates focusing on curb appeal and interior modernization.

Value-add opportunities

• Both Painting exterior and interior — Enhances curb appeal and interior aesthetics ↑
• Both Landscaping improvements — Enhances curb appeal and adds value ↑
• Resale Upgrading kitchen appliances — Modernizes the kitchen and attracts buyers ↑
• Resale Upgrading bathrooms with modern fixtures — Modernizes bathrooms and attracts buyers ↑
• Both Upgrading HVAC system — Improves comfort and energy efficiency ↑

F Composite school gradezoned avg 39/100

Zoned Schools

Elementary Knights Elementary School D FL #1,152/2,144 Nat'l #14,081/41,679 Middle Marshall Middle Magnet School F FL #469/571 Nat'l #9,020/14,009 High Plant City High School F FL #312/667 Nat'l #8,724/17,239

Schools (NCES district)

• District: Hillsborough
• NCES district ID: 1200870
• Math proficiency: 47% ▼ -8.00%
• Reading proficiency: 50% ▼ -4.00%
• Median HH income: $50,622
• Composite: 41.6/100
• National rank: #3435
• State rank: #41 of 73 in FL

B Composite livability gradescore 76/100

Livability — Plant City

• Score: 76/100
• State rank: #227
• US rank: #3587

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Plant City, FL
• County: Hillsborough County · 1,607,022 people
• City population: 68,525
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 18,108
• Household income: $73,414
• Rent vs Own: 9.1% rent · 90.9% own
• Severe rent burden: 7% of renters

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Population outlook (Hillsborough County) Hauer SSP2

• Today (2025): 1,607,022 people
• By 2030: 1,733,968 · +7.9%
• By 2040: 1,979,565 · +23.2%
• By 2050: 2,203,427 · +37.1%
• By 2075: 2,667,893 · +66.0%
• By 2100: 2,891,558 · +79.9%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (71%)
• Race & ethnicity: White 71% Hispanic / Latino 23% Two or more races 14% Black 2% Native American 1%
• Hispanic origin (detail): Mexican 16% Puerto Rican 2% Cuban 1%
• Languages at home: 80% English-only · Spanish 19%

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Political lean MEDSL · Hillsborough

• 2024 margin: Toss-up / Even · D 47.8% · R 50.9% · Other 1.3%
• 2008→2024 swing: -10.2pp toward R · 2008: 7.1pp · 2024: -3.1pp
• All cycles: 2024: R+3.1 2020: D+6.9 2016: D+6.8 2012: D+6.7 2008: D+7.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -114.17%
• Current HPI: 347.2475
• Rent YoY: —
• Metro: Tampa-St. Petersburg-Clearwater, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

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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

+0.9% since first listed

5 events — show timeline

• 2026-04-24 Price Changed $455,999 Zillow
• 2026-04-07 Relisted — Zillow
• 2026-04-03 Delisted — Zillow
• 2026-03-22 Price Changed $453,999 Zillow
• 2026-03-13 Listed $451,999 Zillow