8331 Alturas Rd · Alturas, FL 33830

$140,000

2 bd · 2.0 ba · 864 sqft · Manufactured public records · 24 Days on market

Built 1973 1.67 ac 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 +22.4/30.0
• ARV discount +7.5/15.0
• DSCR +7.2/10.0
• 1% rule +5.7/10.0
• Schools +3.5/10.0
• Rent growth +3.2/5.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

INVESTOR SPECIAL! NO HOA! NO LOT RENT! This low-priced property is a rare find! The two-bedroom, two-bathroom mobile home is sitting on 1.67 acres of beautiful land. This home is a Fixer Upper home and is being SOLD AS IS. The new owner will be able to use their imagination and creativity to make this home their own. You will enjoy peaceful country living in the quiet Alturas community! The abundance of land will provide you with plenty of room for gardening, animals, vehicles, boats and outdoor toys. All prospective Buyers must be accompanied by an Agent at all times while viewing the property. Buyer and Buyer's Agent are to verify all information. Don't wait, call today for your private

Key facts

• No lot rent
• No hoa
• Fixer upper

Tags

• NO HOA
• NO LOT RENT
• FIXER UPPER
• ABUNDANCE OF LAND

Property features AI

Finance

• Other: Homestead exempt; Property classified as residential mobile home; Approximately 1.67 acres
• HOA & community: Not in a development; No HOA/association

Exterior

• Parking: Asphalt road access
• Utilities: Well water; Septic tank; Electricity available; Cable available; Water available
• Home design: Double-wide mobile home; One level; Home faces east; Attached
• Construction: Vinyl siding; Metal roof; Built as a double-wide; Fixer condition
• Exterior features: Storage building/space; Chain link fencing; Cleared lot; Private setting; Paved access

Interior

• Kitchen: No appliances listed
• Bedrooms: 2 bedrooms
• Flooring: Vinyl flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: No heating; No cooling
• Interior features: Living room and dining room combined
• Laundry & utility: Laundry closet

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $140k.

Deal economics

• At list price, monthly cash flow is $234 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $140k).
• Recommended offer: $138k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 64/100 on livability (#678 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A; Watch: amenities F, commute F, employment D-.
• 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: Alturas Elementary School (math 57% / reading 47%, grade C-, #990 of 2,144 statewide, top 48%, 350 students, 61% FRL); Bartow Senior High School (math 26% / reading 46%, grade F, #359 of 667 statewide, top 55%, 2,125 students, 44% FRL).
• Market conditions: Rents rising (+2.7%/yr); 386 active listings in the ZIP; 10,384 units permitted in Polk County in 2024 (1,716 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $968 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.

Negotiation context

• It's been on market 24 days — a 2% lower offer ($138k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 4y 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 $35k; list at $140k implies a 300% 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→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $137,900 (1.5% below list)

Questions for the listing agent

1. Built in 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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.
4. 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.
5. 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: 1.07% ✓
• Cap rate: 8.29%
• Cash-on-cash: 7.15%
• DSCR: 1.32
• GRM: 7.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.72% rent growth · sell at horizon

5-year hold

• IRR: -5.7%
• Equity multiple: 0.79×
• Total profit: $-8,220
• Equity at exit: $20,874

10-year hold

• IRR: 3.7%
• Equity multiple: 1.26×
• Total profit: $10,331
• Equity at exit: $12,105

Cash invested: $39,200 (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 33830

• Home prices YoY: -19.8%
• Rents YoY: 2.7%
• Active inventory: 386
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $1,503 medium
• Mortgage (P&I): −$734
• Tax from tax record: −$162 /mo · $1,941/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$316
• Net cashflow: $234

Break-even live

Break-even rent $1,208

Max offer price $140,000

Occupancy floor 79%

Sensitivity live

Price	-10% $313	-5% $273	+0% $234	+5% $194	+10% $154
Rent	-10% $115	-5% $174	+0% $234	+5% $293	+10% $352
Rate	-1.0pp $304	-0.5pp $269	base $234	+0.5pp $197	+1.0pp $160

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: $35,000
• Closing costs: $4,200
• Reserves months: —
• Total cash needed: —

Listing history 14 events

1. 2026-06-13
   status $140,000 Pending 24 DOM
2. 2026-06-10
   days on market $140,000 Active 24 DOM
3. 2026-06-09
   days on market $140,000 Active 23 DOM
4. 2026-06-08
   days on market $140,000 Active 22 DOM
5. 2026-06-07
   days on market $140,000 Active 21 DOM
6. 2026-06-05
   days on market $140,000 Active 18 DOM
7. 2026-06-03
   days on market $140,000 Active 17 DOM
8. 2026-06-03
   days on market $140,000 Active 16 DOM
9. 2026-06-01
   days on market $140,000 Active 15 DOM
10. 2026-05-31
    days on market $140,000 Active 14 DOM
11. 2026-05-15
    listed $140,000 Active
12. 2022-09-19
    status Pending
13. 2022-08-22
    listed $125,000 Active
14. 2002-02-04
    soldstatus $35,000

ⓘ 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: $1,941 · $162/mo
• Projected year-2 tax: $1,941 · $162/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 · 24 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: $18,042
• − Mortgage interest: −$7,842
• − Property taxes: −$1,941
• − Insurance: −$700
• − Repairs & maintenance: −$1,443
• − Management: −$1,443
• − Depreciation: −$4,073
• Taxable income: $600
• Est. tax owed @ 24.0%: −$144
• After-tax cash flow: $2,659/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 — Alturas

• Score: 64/100
• State rank: #678
• US rank: #14100

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Alturas, FL
• County: Polk County · 740,051 people
• Metro: Lakeland-Winter Haven, FL
• Population (ZIP): 33,740
• Household income: $63,918
• Rent vs Own: 31.1% rent · 68.9% own
• Severe rent burden: 681.0

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: Diverse neighborhood (Simpson 0.62)
• Race & ethnicity: White 55% Hispanic / Latino 22% Black 18% Two or more races 13% Asian 2%
• Hispanic origin (detail): Mexican 13% Puerto Rican 5%
• Common ancestry: Italian 3% Slovak 1% Lithuanian 1%
• Foreign-born: 8% · Canada
• Languages at home: 81% English-only · Spanish 17% Other Indo-European 1% Other Asian/Pacific 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: ▼ -82.47%
• Current HPI: 333.3392
• Rent YoY: ▲ 2.72%
• 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

+300.0% since first listed

4 events — show timeline

• 2026-05-15 Listed $140,000 Stellar MLS as Distributed by MLS Grid
• 2022-09-19 Pending — Stellar MLS as Distributed by MLS Grid
• 2022-08-22 Listed $125,000 Stellar MLS as Distributed by MLS Grid
• 2002-02-04 Sold (Public Records) $35,000 Public Records

Property tax history

+16.2%/yr

Latest (2025): $1,941 · +17.1% YoY. Source: county tax records.