9000 US Hwy 192 #311 · Four Corners, FL 34714

$147,900

1 bd · 1.0 ba · 408 sqft · Condo public records · 112 Days on market

Built 2002 $256/mo HOA · 18% of rent

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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 +9.1/30.0
• ARV discount +7.5/15.0
• Appreciation +4.8/10.0
• 1% rule +4.4/10.0
• Schools +3.5/10.0
• Livability +3.5/5.0
• DSCR +2.5/10.0
• Condition / age +2.5/5.0
• Rent growth +1.6/5.0

Listing remarks MLS

Corner lot close to clubhouse. Unit is all on one level and is neat and tidy with nice furnishings. 6 ft x 10 ft back porch. Located in resort type lake front community featuring golf course, clubhouse, 2 pools, tennis, shuffleboard and many activitiesfor the residents. And, it is close to the attractions

Key facts

• Covered porch
• Open floor plan
• Paved patio

Tags

• CORNER LOT
• OPEN FLOOR PLAN
• COVERED PORCH
• PAVED PATIO
• NEW LAMINATE FLOORING
• NEW ROOF

Property features AI

Finance

• Other: Furnished; Third-party listing; Living area reported as 688 square feet
• Financial info: Total monthly association fees noted as $256; total annual association fees noted as $3,072; Lease restrictions apply
• HOA & community: SABRINA STONE association (monthly HOA $256; quarterly association fee $768); Association approval required; Association fee covers security, pool, cable TV, water, sewer, trash, management, maintenance of grounds, insurance, private road, recreational facilities, escrow reserves and 24-hour guard; Community amenities: clubhouse, pool, playground, tennis courts, pickleball, shuffleboard, dog park, storage, laundry, recreation facilities, gated, wheelchair access, community mailbox, golf and golf cart friendly; Senior community; Pets allowed

Exterior

• Parking: Driveway parking
• Security: Gated community
• Utilities: Well water; Private sewer; Cable connected; Electricity connected; Sewer connected; Water connected
• Home design: Manufactured single-wide home; One level; Faces north
• Construction: Vinyl siding; Shingle roof; Built on crawlspace
• Exterior features: Covered rear porch; Rear porch; Rain gutters; Asphalt road access; Lake access (Lake Davenport) with private boat ramp, fishing pier, skiing allowed

Interior

• Kitchen: Range; Microwave; Refrigerator; Electric water heater
• Bedrooms: 1 bedroom
• Flooring: Laminate; Crawlspace foundation (utility access)
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; Open floorplan; Living room/dining room combo; Double-pane windows
• Laundry & utility: Washer; Dryer; Inside laundry in a laundry closet

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $148k.

Deal economics

• At list price, monthly cash flow is $-114 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $128k (13.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $139k (6.1% below list).
• Recommended offer: $128k (13.6% below list) — sets the bar for cash-flow.
• Cap rate 5.4% vs local median 3.2% in Four Corners — 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 69/100 on livability (#453 in FL) — a middle-class / working-renter tenant base. Strengths: housing A+, cost of living A-; Watch: schools F, amenities F, health & safety 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: Rents falling (-3.5%/yr); 716 active listings in the ZIP; 1 comparable units currently listed for rent nearby; solid renter incomes; 10,384 units permitted in Polk County in 2024 (1,716 in 5+ unit buildings).

Forward outlook

• In year one you build about $535 of equity ($1k loan paydown + $-488 appreciation (-0.3% local appreciation)).
• 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 112 days — a 9% lower offer ($135k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 18y 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 $72k; list at $148k implies a 104% 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→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $127,844 (13.6% 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 112 days. Have you received any prior offers? Is the seller open to a 14% 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. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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?
9. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
10. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
11. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
12. 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.
13. 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.
14. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.94% ✗
• Cap rate: 5.37%
• Cash-on-cash: -3.29%
• DSCR: 0.85
• GRM: 8.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-0.33% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -9.6%
• Equity multiple: 0.57×
• Total profit: $-17,769
• Equity at exit: $40,521

10-year hold

• IRR: -6.0%
• Equity multiple: 0.44×
• Total profit: $-23,087
• Equity at exit: $46,814

Cash invested: $41,412 (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 34714

• Home prices YoY: -0.1%
• Rents YoY: -3.5%
• Active inventory: 716
• Price-to-rent: 8.9×

Monthly cashflow live

• Estimated rent: $1,388 medium
• Mortgage (P&I): −$776
• Tax from tax record: −$117 /mo · $1,406/yr
• Insurance: −$62
• HOA: −$256
• Vacancy / Maint / Mgmt: −$292
• Net cashflow: $-114

Break-even live

Break-even rent $1,532

Max offer price $127,844

Occupancy floor —

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: $36,975
• Closing costs: $4,437
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
9000 US Highway 192 #115 Clermont, FL	1.0	1.0	364	$950	$2.61	10d	1	0.17mi

HOA detail condo

• Monthly dues: $256 · $3,072/yr
• Likely covers: pool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 21 events

1. 2026-06-18
   days on market $147,900 Active 112 DOM
2. 2026-06-17
   days on market $147,900 Active 111 DOM
3. 2026-06-16
   days on market $147,900 Active 110 DOM
4. 2026-06-15
   days on market $147,900 Active 109 DOM
5. 2026-06-13
   days on market $147,900 Active 107 DOM
6. 2026-06-10
   days on market $147,900 Active 104 DOM
7. 2026-06-09
   days on market $147,900 Active 103 DOM
8. 2026-06-08
   days on market $147,900 Active 102 DOM
9. 2026-06-07
   days on market $147,900 Active 101 DOM
10. 2026-06-05
    days on market $147,900 Active 98 DOM
11. 2026-06-03
    days on market $147,900 Active 96 DOM
12. 2026-06-01
    days on market $147,900 Active 95 DOM
13. 2026-05-31
    days on market $147,900 Active 94 DOM
14. 2026-02-26
    listed $147,900 Active
15. 2014-12-08
    historical
16. 2014-05-15
    price $72,500
17. 2014-05-15
    price $74,500
18. 2014-02-25
    listed $77,400 Active
19. 2009-04-21
    soldstatus $72,500
20. 2009-04-13
    soldstatus $72,500 306-char remark

    Show marketing remark (306 chars)

    Corner lot close to clubhouse. Unit is all on one level and is neat and tidy with nice furnishings. 6 ft x 10 ft back porch. Located in resort type lake front community featuring golf course, clubhouse, 2 pools, tennis, shuffleboard and many activitiesfor the residents. And, it is close to the attractions

21. 2008-12-19
    listed $81,750 306-char remark

    Show marketing remark (306 chars)

    Corner lot close to clubhouse. Unit is all on one level and is neat and tidy with nice furnishings. 6 ft x 10 ft back porch. Located in resort type lake front community featuring golf course, clubhouse, 2 pools, tennis, shuffleboard and many activitiesfor the residents. And, it is close to the attractions

ⓘ 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: $1,406 · $117/mo
• Projected year-2 tax: $1,406 · $117/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 ≥107°F today · 23 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: $16,661
• − Mortgage interest: −$8,285
• − Property taxes: −$1,406
• − Insurance: −$740
• − Repairs & maintenance: −$1,333
• − Management: −$1,333
• − HOA: −$3,072
• − Depreciation: −$4,303
• Taxable loss: −$3,809
• Est. tax savings @ 24.0%: +$914
• After-tax cash flow: $-448/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 — Four Corners

• Score: 69/100
• State rank: #453
• US rank: #8218

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Four Corners, FL
• County: Lake County · 364,602 people
• City population: 27,422
• Metro: Orlando-Kissimmee-Sanford, FL
• Population (ZIP): 28,200
• Household income: $75,392
• Rent vs Own: 49.3% rent · 50.7% own
• Severe rent burden: 953.0

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 0.59)
• Race & ethnicity: White 56% Hispanic / Latino 30% Two or more races 25% Black 6% Asian 1%
• Hispanic origin (detail): Mexican 2% Puerto Rican 17% Dominican 2%
• Common ancestry: Romanian 3% Lithuanian 3% Italian 2%
• Foreign-born: 13% · Canada, Jamaica
• Languages at home: 76% English-only · Spanish 19% 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: ▼ -0.33%
• Current HPI: 256.1331
• Rent YoY: ▼ -3.46%
• Metro: Orlando-Kissimmee-Sanford, 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

+80.9% since first listed

8 events — show timeline

• 2026-02-26 Listed $147,900 Stellar MLS as Distributed by MLS Grid
• 2014-12-08 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2014-05-15 Price Changed $72,500 Stellar MLS as Distributed by MLS Grid
• 2014-05-15 Price Changed $74,500 Stellar MLS as Distributed by MLS Grid
• 2014-02-25 Listed $77,400 Stellar MLS as Distributed by MLS Grid
• 2009-04-21 Sold (Public Records) $72,500 Public Records
• 2009-04-13 Sold (MLS) $72,500 Stellar MLS as Distributed by MLS Grid
• 2008-12-19 Listed $81,750 Stellar MLS as Distributed by MLS Grid

Property tax history

+5.3%/yr

Latest (2025): $1,406 · +14.3% YoY. Source: county tax records.