132 Orangewood Dr #68 · Dundee, FL 33898

$75,000

2 bd · 2.0 ba · 840 sqft · Manufactured public records · 24 Days on market

Built 1990 4,600 sqft lot $180/mo HOA · 12% 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• 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 MLS

Welcome to Twin Fountains, a wonderful 55+ community where you OWN your land and enjoy a relaxed lifestyle just minutes from downtown Lake Wales and Dundee and very close to Winter Haven. This 2-bedroom, 2-bath furnished home offers a great layout with a bright, open living area and inside laundry for added convenience. The home features two entrances, one through the carport with stairs and another through a covered screened room with vinyl windows and ramp access, making entry easy for everyone. The spacious primary bedroom includes a walk-in closet plus an additional linen closet in the ensuite bathroom, which offers a large tub/shower combo and vanity. The kitchen provides both a breakfast bar that opens into the living room and a cozy dinette area, perfect for morning coffee or casual meals. You’ll find the guest bedroom and bathroom on the opposite side of the home, allowing privacy for visitors. Outdoor living is easy here with three screened rooms, giving you multiple spots to relax and enjoy the Florida weather. There are also two storage sheds, one including a washtub for extra convenience. Twin Fountains offers a low monthly fee of $180, which covers cable, internet, water, sewer, lawn maintenance, and access to the community clubhouse, heated pool, and shuffleboard courts. If you’re looking for a move-in-ready home in a friendly, land-owned 55+ community, this is it!

Key facts

• Own your land
• Two entrances
• Inside laundry

Tags

• OWN YOUR LAND
• BRIGHT OPEN LIVING AREA
• INSIDE LAUNDRY
• WALKING DISTANCE TO POOL
• TWO ENTRANCES
• COVERED SCREENED ROOM

Property features AI

Finance

• Other: Furnished; Unit on floor 1
• Financial info: Total monthly fees $180; total annual fees $2,160; Lease restrictions apply
• HOA & community: Monthly HOA $180 (includes cable TV, pool, internet, private road, water); Association amenities: clubhouse, pool, shuffleboard court, storage; Association approval required; Senior community; Pets allowed with number and size limits (max 25 lbs); Deed restrictions; Golf carts allowed

Exterior

• Parking: Driveway; 2-space carport
• Utilities: Private water; Private sewer; Cable connected; Electricity connected; Water connected; Sewer connected
• Home design: Manufactured single wide home; One story; Entry level: One; Southeast facing
• Construction: Vinyl siding; Metal roof; Crawlspace foundation; Completed condition
• Exterior features: Covered screened side porch; Outdoor lighting; Sliding doors; Exterior storage; Irrigation equipment; Mature landscaping; Paved, asphalt road access; Public maintained road

Interior

• Kitchen: Range; Range hood; Refrigerator; Electric water heater
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air
• Interior features: Ceiling fans; Living room/dining room combo; Open floorplan; Split bedroom layout; Thermostat; Walk-in closet(s); Window treatments; Blinds
• Laundry & utility: Washer; Dryer; Laundry inside

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $75k.

Deal economics

• At list price, monthly cash flow is $481 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $75k).
• Recommended offer: $74k (1.5% 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; 1 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 31% 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 $519 of loan paydown is wiped out by about $2k 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 $21k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 24 days — a 2% lower offer ($74k) is reasonable based on typical stale-listing flexibility.
• 4 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.

Risks & watch-outs

• Climate carrying-cost: moderate flood risk; severe wind risk, 99% chance of damaging wind over 30y; moderate 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 $73,875 (1.5% below list)

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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: 1.94% ✓
• Cap rate: 13.98%
• Cash-on-cash: 27.47%
• DSCR: 2.22
• GRM: 4.3

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: 21.6%
• Equity multiple: 1.88×
• Total profit: $18,575
• Equity at exit: $11,183

10-year hold

• IRR: 29.8%
• Equity multiple: 3.67×
• Total profit: $56,064
• Equity at exit: $6,485

Cash invested: $21,000 (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: 4.3×

Monthly cashflow live

• Estimated rent: $1,458 medium
• Mortgage (P&I): −$393
• Tax from tax record: −$66 /mo · $798/yr
• Insurance: −$31
• HOA: −$180
• Vacancy / Maint / Mgmt: −$306
• Net cashflow: $481

Break-even live

Break-even rent $849

Max offer price $75,000

Occupancy floor 62%

Sensitivity live

Price	-10% $523	-5% $502	+0% $481	+5% $459	+10% $438
Rent	-10% $365	-5% $423	+0% $481	+5% $538	+10% $596
Rate	-1.0pp $518	-0.5pp $500	base $481	+0.5pp $461	+1.0pp $441

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: $18,750
• Closing costs: $2,250
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
348 Gordon Ave Waverly, FL	2.0	1.0	936	$1,500	$1.60	24d	1	1.18mi

HOA detail

• Monthly dues: $180 · $2,160/yr
• Likely covers: watersewerinternetcablepool

Listing history 14 events

1. 2026-05-14
   status Pending
2. 2026-04-20
   listed $75,000 Active
3. 2026-03-05
   soldstatus $87,500 Closed 1413-char remark

   Show marketing remark (1413 chars)

   Welcome to Twin Fountains, a wonderful 55+ community where you OWN your land and enjoy a relaxed lifestyle just minutes from downtown Lake Wales and Dundee and very close to Winter Haven. This 2-bedroom, 2-bath furnished home offers a great layout with a bright, open living area and inside laundry for added convenience. The home features two entrances, one through the carport with stairs and another through a covered screened room with vinyl windows and ramp access, making entry easy for everyone. The spacious primary bedroom includes a walk-in closet plus an additional linen closet in the ensuite bathroom, which offers a large tub/shower combo and vanity. The kitchen provides both a breakfast bar that opens into the living room and a cozy dinette area, perfect for morning coffee or casual meals. You’ll find the guest bedroom and bathroom on the opposite side of the home, allowing privacy for visitors. Outdoor living is easy here with three screened rooms, giving you multiple spots to relax and enjoy the Florida weather. There are also two storage sheds, one including a washtub for extra convenience. Twin Fountains offers a low monthly fee of $180, which covers cable, internet, water, sewer, lawn maintenance, and access to the community clubhouse, heated pool, and shuffleboard courts. If you’re looking for a move-in-ready home in a friendly, land-owned 55+ community, this is it!

4. 2026-02-04
   status Pending 1413-char remark

   Show marketing remark (1413 chars)

   Welcome to Twin Fountains, a wonderful 55+ community where you OWN your land and enjoy a relaxed lifestyle just minutes from downtown Lake Wales and Dundee and very close to Winter Haven. This 2-bedroom, 2-bath furnished home offers a great layout with a bright, open living area and inside laundry for added convenience. The home features two entrances, one through the carport with stairs and another through a covered screened room with vinyl windows and ramp access, making entry easy for everyone. The spacious primary bedroom includes a walk-in closet plus an additional linen closet in the ensuite bathroom, which offers a large tub/shower combo and vanity. The kitchen provides both a breakfast bar that opens into the living room and a cozy dinette area, perfect for morning coffee or casual meals. You’ll find the guest bedroom and bathroom on the opposite side of the home, allowing privacy for visitors. Outdoor living is easy here with three screened rooms, giving you multiple spots to relax and enjoy the Florida weather. There are also two storage sheds, one including a washtub for extra convenience. Twin Fountains offers a low monthly fee of $180, which covers cable, internet, water, sewer, lawn maintenance, and access to the community clubhouse, heated pool, and shuffleboard courts. If you’re looking for a move-in-ready home in a friendly, land-owned 55+ community, this is it!

5. 2025-12-27
   status Active 1413-char remark

   Show marketing remark (1413 chars)

   Welcome to Twin Fountains, a wonderful 55+ community where you OWN your land and enjoy a relaxed lifestyle just minutes from downtown Lake Wales and Dundee and very close to Winter Haven. This 2-bedroom, 2-bath furnished home offers a great layout with a bright, open living area and inside laundry for added convenience. The home features two entrances, one through the carport with stairs and another through a covered screened room with vinyl windows and ramp access, making entry easy for everyone. The spacious primary bedroom includes a walk-in closet plus an additional linen closet in the ensuite bathroom, which offers a large tub/shower combo and vanity. The kitchen provides both a breakfast bar that opens into the living room and a cozy dinette area, perfect for morning coffee or casual meals. You’ll find the guest bedroom and bathroom on the opposite side of the home, allowing privacy for visitors. Outdoor living is easy here with three screened rooms, giving you multiple spots to relax and enjoy the Florida weather. There are also two storage sheds, one including a washtub for extra convenience. Twin Fountains offers a low monthly fee of $180, which covers cable, internet, water, sewer, lawn maintenance, and access to the community clubhouse, heated pool, and shuffleboard courts. If you’re looking for a move-in-ready home in a friendly, land-owned 55+ community, this is it!

6. 2025-12-17
   status Pending 1413-char remark

   Show marketing remark (1413 chars)

   Welcome to Twin Fountains, a wonderful 55+ community where you OWN your land and enjoy a relaxed lifestyle just minutes from downtown Lake Wales and Dundee and very close to Winter Haven. This 2-bedroom, 2-bath furnished home offers a great layout with a bright, open living area and inside laundry for added convenience. The home features two entrances, one through the carport with stairs and another through a covered screened room with vinyl windows and ramp access, making entry easy for everyone. The spacious primary bedroom includes a walk-in closet plus an additional linen closet in the ensuite bathroom, which offers a large tub/shower combo and vanity. The kitchen provides both a breakfast bar that opens into the living room and a cozy dinette area, perfect for morning coffee or casual meals. You’ll find the guest bedroom and bathroom on the opposite side of the home, allowing privacy for visitors. Outdoor living is easy here with three screened rooms, giving you multiple spots to relax and enjoy the Florida weather. There are also two storage sheds, one including a washtub for extra convenience. Twin Fountains offers a low monthly fee of $180, which covers cable, internet, water, sewer, lawn maintenance, and access to the community clubhouse, heated pool, and shuffleboard courts. If you’re looking for a move-in-ready home in a friendly, land-owned 55+ community, this is it!

7. 2025-10-22
   listed $89,900 Active 1413-char remark

   Show marketing remark (1413 chars)

   Welcome to Twin Fountains, a wonderful 55+ community where you OWN your land and enjoy a relaxed lifestyle just minutes from downtown Lake Wales and Dundee and very close to Winter Haven. This 2-bedroom, 2-bath furnished home offers a great layout with a bright, open living area and inside laundry for added convenience. The home features two entrances, one through the carport with stairs and another through a covered screened room with vinyl windows and ramp access, making entry easy for everyone. The spacious primary bedroom includes a walk-in closet plus an additional linen closet in the ensuite bathroom, which offers a large tub/shower combo and vanity. The kitchen provides both a breakfast bar that opens into the living room and a cozy dinette area, perfect for morning coffee or casual meals. You’ll find the guest bedroom and bathroom on the opposite side of the home, allowing privacy for visitors. Outdoor living is easy here with three screened rooms, giving you multiple spots to relax and enjoy the Florida weather. There are also two storage sheds, one including a washtub for extra convenience. Twin Fountains offers a low monthly fee of $180, which covers cable, internet, water, sewer, lawn maintenance, and access to the community clubhouse, heated pool, and shuffleboard courts. If you’re looking for a move-in-ready home in a friendly, land-owned 55+ community, this is it!

8. 2025-10-08
   soldstatus $67,000
9. 2025-09-30
   soldstatus $67,000 Closed 1086-char remark

   Show marketing remark (1086 chars)

   Welcome to wonderful Twin Fountains! This 55+ community is located in rural Lake Wales but just minutes to the Town of Dundee or downtown Lake Wales. 132 Orangewood Dr is a 2br/2ba home with an inside laundry. There are two entrances to the home. There is a ramp located to the left of the home within a covered screened room with vinyl windows or to the right of the home with the carport are stairs. All furnishings remain! The primary bedroom has a walk-in closet and an additional linen closet within the en suite bathroom. There is a large tub with shower and one sink. The kitchen has both a breakfast bar that keeps the space open into the living room plus a dinette area. The additional bedroom and guest bath are on the other side of the living room. This great home has a total of 3 screened rooms for a lot of outdoor relaxing opportunities and 2 storage sheds (one with a washtub) for additional space. Twin Fountains has a monthly fee of $180 and includes cable, internet, water, sewer, lawn maintenance and the use of the community pool, clubhouse and shuffleboard courts.

10. 2025-08-22
    status Pending 1086-char remark

    Show marketing remark (1086 chars)

    Welcome to wonderful Twin Fountains! This 55+ community is located in rural Lake Wales but just minutes to the Town of Dundee or downtown Lake Wales. 132 Orangewood Dr is a 2br/2ba home with an inside laundry. There are two entrances to the home. There is a ramp located to the left of the home within a covered screened room with vinyl windows or to the right of the home with the carport are stairs. All furnishings remain! The primary bedroom has a walk-in closet and an additional linen closet within the en suite bathroom. There is a large tub with shower and one sink. The kitchen has both a breakfast bar that keeps the space open into the living room plus a dinette area. The additional bedroom and guest bath are on the other side of the living room. This great home has a total of 3 screened rooms for a lot of outdoor relaxing opportunities and 2 storage sheds (one with a washtub) for additional space. Twin Fountains has a monthly fee of $180 and includes cable, internet, water, sewer, lawn maintenance and the use of the community pool, clubhouse and shuffleboard courts.

11. 2025-07-08
    listed $90,000 Active 1086-char remark

    Show marketing remark (1086 chars)

    Welcome to wonderful Twin Fountains! This 55+ community is located in rural Lake Wales but just minutes to the Town of Dundee or downtown Lake Wales. 132 Orangewood Dr is a 2br/2ba home with an inside laundry. There are two entrances to the home. There is a ramp located to the left of the home within a covered screened room with vinyl windows or to the right of the home with the carport are stairs. All furnishings remain! The primary bedroom has a walk-in closet and an additional linen closet within the en suite bathroom. There is a large tub with shower and one sink. The kitchen has both a breakfast bar that keeps the space open into the living room plus a dinette area. The additional bedroom and guest bath are on the other side of the living room. This great home has a total of 3 screened rooms for a lot of outdoor relaxing opportunities and 2 storage sheds (one with a washtub) for additional space. Twin Fountains has a monthly fee of $180 and includes cable, internet, water, sewer, lawn maintenance and the use of the community pool, clubhouse and shuffleboard courts.

12. 2008-04-10
    soldstatus $72,500
13. 1990-12-01
    soldstatus $9,000
14. 1990-12-01
    soldstatus $33,400

ⓘ 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: $798 · $66/mo
• Projected year-2 tax: $798 · $66/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 5/10 Major FEMA zone X (unshaded) · 24% chance over 30 yrs
• 🔥 Wildfire 5/10 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 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,494
• − Mortgage interest: −$4,201
• − Property taxes: −$798
• − Insurance: −$375
• − Repairs & maintenance: −$1,400
• − Management: −$1,400
• − HOA: −$2,160
• − Depreciation: −$2,182
• Taxable income: $4,979
• Est. tax owed @ 24.0%: −$1,195
• After-tax cash flow: $4,573/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

+733.3% since first listed

14 events — show timeline

• 2026-05-14 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-20 Listed $75,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-05 Sold (MLS) $87,500 Stellar MLS as Distributed by MLS Grid
• 2026-02-04 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-12-27 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-12-17 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-10-22 Listed $89,900 Stellar MLS as Distributed by MLS Grid
• 2025-10-08 Sold (Public Records) $67,000 Public Records
• 2025-09-30 Sold (MLS) $67,000 Stellar MLS as Distributed by MLS Grid
• 2025-08-22 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-07-08 Listed $90,000 Stellar MLS as Distributed by MLS Grid
• 2008-04-10 Sold (Public Records) $72,500 Public Records
• 1990-12-01 Sold (Public Records) $33,400 Public Records
• 1990-12-01 Sold (Public Records) $9,000 Public Records

Property tax history

+9.7%/yr

Latest (2025): $798 · +20.4% YoY. Source: county tax records.