2667 Snapping Turtle Dr · Dundee, FL 33898

$144,900

3 bd · 2.0 ba · 924 sqft · Manufactured public records · 41 Days on market

Built 1992 7,000 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 +27.5/30.0
• DSCR +9.6/10.0
• ARV discount +7.5/15.0
• 1% rule +7.4/10.0
• Schools +3.5/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

FULLY REMODELED MANUFACTURES HOME. NO HOA. PROPERTY HAS NEW METAL ROOF, NEW MINI-SPLITS UNITS, NEW WATER HEATER, UPDATED PLUMBING AND ELECTRICAL SYSTEMS. NEW KITCHEN CABINETS AND COUNTERTOPS. NEW APPLIANCES AND EXTERIOR VINYL SIDING, LUXURY VINYL FLOORING THROUGHOUT. READY FOR A NEW OWER OR COULD BE A GREAT RENTAL PROPERTY AS WELL. PRIVATE WELL AND SEPTIC TANK. HOUSE NEXT DOOR FOR SALE AS WELL. CALL FOR A PRIVATE SHOWING!

Key facts

• 7,000 sq ft lot
• Built 1992
• Listed 41 days

Property features AI

Finance

• Other: Not homesteaded; Zoning: R-3
• HOA & community: No association

Exterior

• Parking: Driveway
• Utilities: Well water; Septic tank; Electricity connected; Cable available
• Home design: Residential manufactured home (single wide); One story; Faces west
• Construction: Vinyl siding; Metal roof; Crawlspace foundation; Built on a 0.16-acre lot (approximately 140 x 100)
• Exterior features: Private mailbox; Level, in-county lot; Asphalt road access (publicly maintained)

Interior

• Kitchen: Range; Range hood; Refrigerator
• Bedrooms: 3 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Ductless heating; Mini-split cooling
• Interior features: Eat-in kitchen; Kitchen/family room combo; Solid surface counters; Solid wood cabinets; Thermostat
• Laundry & utility: Laundry with corridor access; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $145k.

Deal economics

• At list price, monthly cash flow is $426 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $145k).
• Recommended offer: $141k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 65/100 on livability (#638 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B+; Watch: employment D+, schools D, amenities 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: 500 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 10,384 units permitted in Polk County in 2024 (1,716 in 5+ unit buildings).
• This rent runs 38% 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 $1k of loan paydown is wiped out by about $4k 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $41k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 41 days — a 3% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 21y 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 $55k; list at $145k implies a 163% 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→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $140,553 (3.0% below list)

Questions for the listing agent

1. It's been on market 41 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
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: 1.24% ✓
• Cap rate: 9.82%
• Cash-on-cash: 12.61%
• DSCR: 1.56
• GRM: 6.7

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: 2.4%
• Equity multiple: 1.09×
• Total profit: $3,706
• Equity at exit: $21,605

10-year hold

• IRR: 12.0%
• Equity multiple: 1.94×
• Total profit: $38,304
• Equity at exit: $12,528

Cash invested: $40,572 (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: 6.7×

Monthly cashflow live

• Estimated rent: $1,804 medium
• Mortgage (P&I): −$760
• Tax from tax record: −$178 /mo · $2,142/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$379
• Net cashflow: $426

Break-even live

Break-even rent $1,264

Max offer price $144,900

Occupancy floor 71%

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: $36,225
• Closing costs: $4,347
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5954 Skokie Rd Lake Wales, FL	2.0	1.5	925	$1,400	$1.51	18d	1	1.04mi
2694 Chuck Wagon Way Lake Wales, FL	2.0	2.0	924	$1,400	$1.52	14d	1	1.38mi

Listing history 30 events

1. 2026-06-18
   days on market $144,900 Active 41 DOM
2. 2026-06-17
   days on market $144,900 Active 40 DOM
3. 2026-06-16
   days on market $144,900 Active 39 DOM
4. 2026-06-15
   days on market $144,900 Active 38 DOM
5. 2026-06-13
   days on market $144,900 Active 36 DOM
6. 2026-06-10
   days on market $144,900 Active 33 DOM
7. 2026-06-09
   days on market $144,900 Active 32 DOM
8. 2026-06-08
   days on market $144,900 Active 31 DOM
9. 2026-06-07
   days on market $144,900 Active 30 DOM
10. 2026-06-05
    days on market $144,900 Active 27 DOM
11. 2026-06-03
    days on market $144,900 Active 26 DOM
12. 2026-06-03
    days on market $144,900 Active 25 DOM
13. 2026-06-01
    days on market $144,900 Active 24 DOM
14. 2026-05-31
    days on market $144,900 Active 23 DOM
15. 2026-05-08
    listed $144,900 Active
16. 2026-03-31
    historical
17. 2026-03-20
    price $144,900
18. 2026-01-29
    price $149,900
19. 2025-11-30
    price $159,900
20. 2025-10-07
    listed $169,900 Active
21. 2024-09-24
    soldstatus $55,000
22. 2010-11-02
    listed $64,900
23. 2008-02-12
    listed $89,000
24. 2006-12-12
    listed $115,000
25. 2006-07-27
    listed $124,900
26. 2005-11-10
    listed $89,900
27. 2005-09-07
    soldstatus $45,000
28. 2005-08-26
    soldstatus $45,000
29. 2005-07-19
    listed $53,900
30. 1995-10-27
    soldstatus $23,500

ⓘ 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: $2,142 · $178/mo
• Projected year-2 tax: $2,142 · $178/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 5/10 Major
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°F today · 20 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,648
• − Mortgage interest: −$8,117
• − Property taxes: −$2,142
• − Insurance: −$724
• − Repairs & maintenance: −$1,732
• − Management: −$1,732
• − Depreciation: −$4,215
• Taxable income: $2,986
• Est. tax owed @ 24.0%: −$717
• After-tax cash flow: $4,401/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 — Dundee

• Score: 65/100
• State rank: #638
• US rank: #12542

Category grades

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

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

+516.6% since first listed

16 events — show timeline

• 2026-05-08 Listed $144,900 Stellar MLS as Distributed by MLS Grid
• 2026-03-31 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2026-03-20 Price Changed $144,900 Stellar MLS as Distributed by MLS Grid
• 2026-01-29 Price Changed $149,900 Stellar MLS as Distributed by MLS Grid
• 2025-11-30 Price Changed $159,900 Stellar MLS as Distributed by MLS Grid
• 2025-10-07 Listed $169,900 Stellar MLS as Distributed by MLS Grid
• 2024-09-24 Sold (Public Records) $55,000 Public Records
• 2010-11-02 Listed $64,900 Stellar MLS as Distributed by MLS Grid
• 2008-02-12 Listed $89,000 Stellar MLS as Distributed by MLS Grid
• 2006-12-12 Listed $115,000 Stellar MLS as Distributed by MLS Grid
• 2006-07-27 Listed $124,900 Stellar MLS as Distributed by MLS Grid
• 2005-11-10 Listed $89,900 Stellar MLS as Distributed by MLS Grid
• 2005-09-07 Sold (Public Records) $45,000 Public Records
• 2005-08-26 Sold (MLS) $45,000 Stellar MLS as Distributed by MLS Grid
• 2005-07-19 Listed $53,900 Stellar MLS as Distributed by MLS Grid
• 1995-10-27 Sold (Public Records) $23,500 Public Records

Property tax history

+8.4%/yr

Latest (2025): $2,142 · -14.6% YoY. Source: county tax records.