251 Patterson Rd Unit C29 · Haines City, FL 33844

$99,900

2 bd · 1.5 ba · 492 sqft · Manufactured public records · 97 Days on market

Built 1992 3,001 sqft lot $80/mo HOA · 6% of rent

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Why this score? — see what drove the B- 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 +28.6/30.0
• DSCR +10.0/10.0
• 1% rule +9.0/10.0
• ARV discount +7.5/15.0
• Livability +3.7/5.0
• Schools +3.5/10.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

FLORIDA LIFESTYLE at it's BEST located in a GATED 55+community in the heart of CENTRAL FLORIDA and you OWN YOUR LAND. This 2bed/1.5 bath home comes FURNISHED and with a GOLF CART. Main bath had walk-in shower. Inside Laundry with washer/dryer. Separate storage building to park golf cart along with an additional shed on property. Enclosed tiled Lanai with patio furniture to enjoy your morning coffer and in the evenings to gaze at the sunsets to the West. Through the sliding doors you enter your 14x10 Florida Room under AC. Beautifully landscaped rock yard with decorative edging stones. Oversized covered carport for parking. Low maintenance yard with rock and pavers. GATED Community with Recreational Building, solar heated POOL and many more amenities throughout the park. Close to restaurants/shopping/medical/major highways to the Florida Park and Beaches. Blue Nova sold separately $6,000. Call today for your private showing. TAKE A LOOK AT THE VIRTUAL TOUR.

Key facts

• Gated community
• Screened front porch
• Fitness center

Tags

• GATED COMMUNITY
• SCREENED FRONT PORCH
• TWO VEHICLE CARPORT
• CLUBHOUSE ACCESS
• FITNESS CENTER
• COMMUNITY POOL

Property features AI

Finance

• Other: Furnished; Total rooms: 5
• Financial info: Lease restrictions apply
• HOA & community: HOA required (West View Ridge HOA); HOA dues $970 annually (about $80.83/month); Gated community; Clubhouse; Fitness center; Pool; Golf carts allowed; Deed restrictions; Senior community; No pets allowed

Exterior

• Utilities: Public water; Public sewer; Electricity connected; Water connected; Sewer connected; Cable connected
• Home design: Manufactured home (single wide); One level; Faces west
• Construction: Vinyl siding; Shingle roof; Crawlspace foundation; Built as a manufactured home
• Exterior features: Storage

Interior

• Kitchen: Range
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Vinyl
• Bathrooms: 1 full bath; 1 half bath
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Eat-in kitchen; Blinds
• Laundry & utility: Laundry available inside; Laundry available outside

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath manufactured listed at $100k.

Deal economics

• At list price, monthly cash flow is $329 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $100k).
• Recommended offer: $91k (9.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 74/100 on livability (#285 in FL, #4,575 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: schools D, 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: Rents rising (+1.2%/yr); 1333 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 $691 of loan paydown is wiped out by about $3k 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 97 days — a 9% lower offer ($91k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 17y 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 $75k; 33% above their basis — modest negotiation headroom, anchor on the comps not their cost.

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 $90,909 (9.0% below list)

Questions for the listing agent

1. It's been on market 97 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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 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?
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: 1.40% ✓
• Cap rate: 10.25%
• Cash-on-cash: 14.13%
• DSCR: 1.63
• GRM: 6.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 1.16% rent growth · sell at horizon

5-year hold

• IRR: 2.2%
• Equity multiple: 1.08×
• Total profit: $2,319
• Equity at exit: $14,895

10-year hold

• IRR: 9.8%
• Equity multiple: 1.69×
• Total profit: $19,288
• Equity at exit: $8,638

Cash invested: $27,972 (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 33844

• Home prices YoY: -26.7%
• Rents YoY: 1.2%
• Active inventory: 1333
• Price-to-rent: 6.0×

Monthly cashflow live

• Estimated rent: $1,395 medium
• Mortgage (P&I): −$524
• Tax from tax record: −$127 /mo · $1,523/yr
• Insurance: −$42
• HOA: −$80
• Vacancy / Maint / Mgmt: −$293
• Net cashflow: $329

Break-even live

Break-even rent $978

Max offer price $99,900

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: $24,975
• Closing costs: $2,997
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $80 · $960/yr
• Likely covers: poolsecurity

Listing history 25 events

1. 2026-06-18
   days on market $99,900 Active 97 DOM
2. 2026-06-17
   days on market $99,900 Active 96 DOM
3. 2026-06-16
   days on market $99,900 Active 95 DOM
4. 2026-06-15
   days on market $99,900 Active 94 DOM
5. 2026-06-13
   days on market $99,900 Active 92 DOM
6. 2026-06-10
   days on market $99,900 Active 89 DOM
7. 2026-06-09
   days on market $99,900 Active 88 DOM
8. 2026-06-08
   days on market $99,900 Active 87 DOM
9. 2026-06-07
   days on market $99,900 Active 86 DOM
10. 2026-06-05
    days on market $99,900 Active 83 DOM
11. 2026-06-03
    days on market $99,900 Active 82 DOM
12. 2026-06-03
    days on market $99,900 Active 81 DOM
13. 2026-06-01
    days on market $99,900 Active 80 DOM
14. 2026-05-31
    days on market $99,900 Active 79 DOM
15. 2026-05-05
    status Active
16. 2026-04-06
    status Pending
17. 2026-02-12
    listed $99,900 Active
18. 2021-06-22
    soldstatus $75,000
19. 2021-06-18
    soldstatus $75,000 Closed 970-char remark

    Show marketing remark (970 chars)

    FLORIDA LIFESTYLE at it's BEST located in a GATED 55+community in the heart of CENTRAL FLORIDA and you OWN YOUR LAND. This 2bed/1.5 bath home comes FURNISHED and with a GOLF CART. Main bath had walk-in shower. Inside Laundry with washer/dryer. Separate storage building to park golf cart along with an additional shed on property. Enclosed tiled Lanai with patio furniture to enjoy your morning coffer and in the evenings to gaze at the sunsets to the West. Through the sliding doors you enter your 14x10 Florida Room under AC. Beautifully landscaped rock yard with decorative edging stones. Oversized covered carport for parking. Low maintenance yard with rock and pavers. GATED Community with Recreational Building, solar heated POOL and many more amenities throughout the park. Close to restaurants/shopping/medical/major highways to the Florida Park and Beaches. Blue Nova sold separately $6,000. Call today for your private showing. TAKE A LOOK AT THE VIRTUAL TOUR.

20. 2021-05-21
    status Pending 970-char remark

    Show marketing remark (970 chars)

    FLORIDA LIFESTYLE at it's BEST located in a GATED 55+community in the heart of CENTRAL FLORIDA and you OWN YOUR LAND. This 2bed/1.5 bath home comes FURNISHED and with a GOLF CART. Main bath had walk-in shower. Inside Laundry with washer/dryer. Separate storage building to park golf cart along with an additional shed on property. Enclosed tiled Lanai with patio furniture to enjoy your morning coffer and in the evenings to gaze at the sunsets to the West. Through the sliding doors you enter your 14x10 Florida Room under AC. Beautifully landscaped rock yard with decorative edging stones. Oversized covered carport for parking. Low maintenance yard with rock and pavers. GATED Community with Recreational Building, solar heated POOL and many more amenities throughout the park. Close to restaurants/shopping/medical/major highways to the Florida Park and Beaches. Blue Nova sold separately $6,000. Call today for your private showing. TAKE A LOOK AT THE VIRTUAL TOUR.

21. 2021-05-17
    listed $82,900 Active 970-char remark

    Show marketing remark (970 chars)

    FLORIDA LIFESTYLE at it's BEST located in a GATED 55+community in the heart of CENTRAL FLORIDA and you OWN YOUR LAND. This 2bed/1.5 bath home comes FURNISHED and with a GOLF CART. Main bath had walk-in shower. Inside Laundry with washer/dryer. Separate storage building to park golf cart along with an additional shed on property. Enclosed tiled Lanai with patio furniture to enjoy your morning coffer and in the evenings to gaze at the sunsets to the West. Through the sliding doors you enter your 14x10 Florida Room under AC. Beautifully landscaped rock yard with decorative edging stones. Oversized covered carport for parking. Low maintenance yard with rock and pavers. GATED Community with Recreational Building, solar heated POOL and many more amenities throughout the park. Close to restaurants/shopping/medical/major highways to the Florida Park and Beaches. Blue Nova sold separately $6,000. Call today for your private showing. TAKE A LOOK AT THE VIRTUAL TOUR.

22. 2011-02-15
    soldstatus $38,000 161-char remark

    Show marketing remark (161 chars)

    Immacultate two bedroom home with screened patio and bouns room, inside laundry. No grass to mow here all it's concrete and patio stones. Beautiful landscaping.

23. 2009-09-05
    listed $45,900 161-char remark

    Show marketing remark (161 chars)

    Immacultate two bedroom home with screened patio and bouns room, inside laundry. No grass to mow here all it's concrete and patio stones. Beautiful landscaping.

24. 2001-07-30
    soldstatus $37,000
25. 1991-11-01
    soldstatus $12,900

ⓘ 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: $1,523 · $127/mo
• Projected year-2 tax: $1,523 · $127/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 · 23 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,734
• − Mortgage interest: −$5,596
• − Property taxes: −$1,523
• − Insurance: −$500
• − Repairs & maintenance: −$1,339
• − Management: −$1,339
• − HOA: −$960
• − Depreciation: −$2,906
• Taxable income: $2,572
• Est. tax owed @ 24.0%: −$617
• After-tax cash flow: $3,334/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 — Haines City

• Score: 74/100
• State rank: #285
• US rank: #4575

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Polk County · 740,051 people
• City population: 51,255
• Metro: Lakeland-Winter Haven, FL
• Population (ZIP): 51,255
• Household income: $63,650
• Rent vs Own: 29.6% rent · 70.4% own
• Severe rent burden: 1107.0

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 0.64)
• Race & ethnicity: Hispanic / Latino 48% White 31% Black 18% Two or more races 12% Asian 1%
• Hispanic origin (detail): Mexican 19% Puerto Rican 19% Cuban 1% Dominican 3%
• Common ancestry: Hispanic 4% Lithuanian 1% Romanian 1%
• Foreign-born: 15% · Canada, Jamaica, Guatemala
• Languages at home: 55% English-only · Spanish 39% French/Haitian/Cajun 4% Other Indo-European 0%

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: ▼ -105.94%
• Current HPI: 291.0798
• Rent YoY: ▲ 1.16%
• 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

+674.4% since first listed

11 events — show timeline

• 2026-05-05 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-04-06 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-02-12 Listed $99,900 Stellar MLS as Distributed by MLS Grid
• 2021-06-22 Sold (Public Records) $75,000 Public Records
• 2021-06-18 Sold (MLS) $75,000 Stellar MLS as Distributed by MLS Grid
• 2021-05-21 Pending — Stellar MLS as Distributed by MLS Grid
• 2021-05-17 Listed $82,900 Stellar MLS as Distributed by MLS Grid
• 2011-02-15 Sold (MLS) $38,000 Stellar MLS as Distributed by MLS Grid
• 2009-09-05 Listed $45,900 Stellar MLS as Distributed by MLS Grid
• 2001-07-30 Sold (Public Records) $37,000 Public Records
• 1991-11-01 Sold (Public Records) $12,900 Public Records

Property tax history

+9.1%/yr

Latest (2025): $1,523 · +14.8% YoY. Source: county tax records.