308 NE 10th Ave · Mulberry, FL 33860

$220,999

2 bd · 1.0 ba · 1,220 sqft · SingleFamily public records · 48 Days on market

Built 1953 9,993 sqft lot

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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 +12.8/30.0
• ARV discount +7.5/15.0
• DSCR +3.8/10.0
• Livability +3.7/5.0
• Schools +3.5/10.0
• 1% rule +3.0/10.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Enjoy a large corner lot home with shed and very Large yard big enough for your boat, Pool or anything else you want to have with no HOA approval needed. If you don't want a pool to maintain on your own, no worries because the park across the street has an amazing pool pictured in this listing that is only a stone throw away. This Very large 2/1 home sits on a corner double lot across the street from a skate park , the pool and a nearby lake. Hardwood floors along with beautifully rich luxury wood walls are throughout the home. An enclosed breezeway through the front door has a passageway into the kitchen for entertainment could be converted into a sitting porch or sewing room or office etc

Key facts

• Shed
• Large corner lot
• Updated kitchen

Tags

• LARGE CORNER LOT
• ENCLOSED BREEZEWAY
• UPDATED KITCHEN
• SHED
• NEARBY LAKE

Property features AI

Finance

• Other: Property type: Residential, Single Family Residence; Zoning: R-1; Living area approximately 1,220 sq ft
• Financial info: No lease restrictions
• HOA & community: No HOA/association

Exterior

• Parking: Attached garage (1 car)
• Utilities: Public water; Public sewer; Electricity available; Cable available; Phone available; Broadband/high-speed internet available
• Home design: Single-family residence; One story; East-facing; Homestead exempt
• Construction: Concrete construction; Shingle roof; Crawlspace foundation; Built on 0.23-acre lot (approx. 100 x 100)
• Exterior features: Corner lot; Asphalt road access; Publicly maintained road

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Wood flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Thermostat; 6 total rooms
• Laundry & utility: Dedicated laundry room; Washer hookup; Electric water heater

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $221k.

Deal economics

• At list price, monthly cash flow is $-20 ($-244/yr) — negative.
• To cash-flow at today's rent, offer at most $217k (1.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $176k (20.4% below list).
• Recommended offer: $176k (20.4% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 73/100 on livability (#311 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety 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 (+1.6%/yr); 180 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); 10,384 units permitted in Polk County in 2024 (1,716 in 5+ unit buildings).
• This rent runs 32% of the median local income ($66k/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 $2k of loan paydown is wiped out by about $7k 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 48 days — a 3% lower offer ($214k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 6y 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 $115k; list at $221k implies a 92% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1953 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $175,901 (20.4% 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 48 days. Have you received any prior offers? Is the seller open to a 20% concession, seller financing, or rate buy-down credit?
3. Built in 1953 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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?
7. 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.
8. 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.
9. 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: 0.80% ✗
• Cap rate: 6.18%
• Cash-on-cash: -0.39%
• DSCR: 0.98
• GRM: 10.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 1.59% rent growth · sell at horizon

5-year hold

• IRR: -18.4%
• Equity multiple: 0.36×
• Total profit: $-39,612
• Equity at exit: $32,952

10-year hold

• IRR: -13.7%
• Equity multiple: 0.25×
• Total profit: $-46,162
• Equity at exit: $19,108

Cash invested: $61,880 (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 33860

• Home prices YoY: -22.4%
• Rents YoY: 1.6%
• Active inventory: 180
• Price-to-rent: 10.5×

Monthly cashflow live

• Estimated rent: $1,759 high
• Mortgage (P&I): −$1,159
• Tax from tax record: −$159 /mo · $1,907/yr
• Insurance: −$92
• HOA: −$0
• Vacancy / Maint / Mgmt: −$369
• Net cashflow: $-20

Break-even live

Break-even rent $1,785

Max offer price $217,409

Occupancy floor 96%

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: $55,250
• Closing costs: $6,630
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
609 NE 11th Ave Mulberry, FL	3.0	2.0	1369	$2,000	$1.46	23d	1	0.18mi
807 NW 1st Ave Mulberry, FL	2.0	1.0	832	$1,675	$2.01	14d	1	0.66mi
301 SW 3rd Ter Mulberry, FL	3.0	1.0	700	$1,100	$1.57	3d	1	0.77mi
181 Diesel Rd Mulberry, FL	2.0	1.5	1300	$1,375	$1.06	23d	1	1.04mi
177 Lakeview Dr Mulberry, FL	1.0	1.5	864	$1,100	$1.27	14d	1	1.41mi

Listing history 39 events

1. 2026-05-15
   price $222,999
2. 2026-04-29
   price $224,999
3. 2026-04-19
   price $226,999
4. 2026-04-12
   listed $229,999 Active
5. 2026-01-13
   historical
6. 2025-12-04
   price $229,999
7. 2025-11-03
   status Active
8. 2025-10-31
   historical
9. 2025-10-25
   price $234,999
10. 2025-10-24
    status Active
11. 2025-04-28
    price $232,999
12. 2025-04-23
    price $233,999
13. 2025-04-12
    price $234,999
14. 2025-04-09
    price $239,999
15. 2025-04-06
    price $244,999
16. 2025-04-05
    listed $249,999 Active
17. 2024-11-23
    price $233,999
18. 2024-11-11
    status Active
19. 2024-11-04
    status Pending
20. 2024-10-26
    price $234,999
21. 2024-10-18
    price $239,999
22. 2024-10-11
    status Active
23. 2024-10-11
    price $244,999
24. 2024-10-01
    historical
25. 2024-09-28
    price $239,999
26. 2024-09-23
    price $244,999
27. 2024-09-20
    price $249,999
28. 2024-08-31
    price $254,999
29. 2024-08-24
    price $259,999
30. 2024-08-16
    price $264,999
31. 2024-08-02
    listed $269,999 Active
32. 2022-04-11
    historical
33. 2021-10-20
    listed $259,999 Active
34. 2020-12-29
    historical
35. 2020-11-11
    listed $199,999 Active
36. 2020-07-14
    soldstatus $115,000
37. 2020-07-08
    soldstatus $115,000 Sold
38. 2020-05-18
    status Pending
39. 2020-04-27
    listed $125,000 Active

ⓘ 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: $1,907 · $159/mo
• Projected year-2 tax: $1,907 · $159/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 4/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥108°F today · 26 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: $21,108
• − Mortgage interest: −$12,379
• − Property taxes: −$1,907
• − Insurance: −$1,105
• − Repairs & maintenance: −$1,689
• − Management: −$1,689
• − Depreciation: −$6,429
• Taxable loss: −$4,090
• Est. tax savings @ 24.0%: +$982
• After-tax cash flow: $738/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 — Mulberry

• Score: 73/100
• State rank: #311
• US rank: #5311

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Mulberry, FL
• County: Polk County · 740,051 people
• City population: 24,892
• Metro: Lakeland-Winter Haven, FL
• Population (ZIP): 24,892
• Household income: $65,710
• Rent vs Own: 30.7% rent · 69.3% own
• Severe rent burden: 583.0

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 0.60)
• Race & ethnicity: White 53% Hispanic / Latino 33% Two or more races 12% Black 10% Asian 1% Native American 1%
• Hispanic origin (detail): Mexican 19% Puerto Rican 7% Cuban 2%
• Common ancestry: Lithuanian 2% Romanian 1% Slovak 1%
• Foreign-born: 15% · Canada
• Languages at home: 70% English-only · Spanish 28% 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: ▼ -101.08%
• Current HPI: 349.7266
• Rent YoY: ▲ 1.59%
• 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

+78.4% since first listed

39 events — show timeline

• 2026-05-15 Price Changed $222,999 Stellar MLS as Distributed by MLS Grid
• 2026-04-29 Price Changed $224,999 Stellar MLS as Distributed by MLS Grid
• 2026-04-19 Price Changed $226,999 Stellar MLS as Distributed by MLS Grid
• 2026-04-12 Listed $229,999 Stellar MLS as Distributed by MLS Grid
• 2026-01-13 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-12-04 Price Changed $229,999 Stellar MLS as Distributed by MLS Grid
• 2025-11-03 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-10-31 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-10-25 Price Changed $234,999 Stellar MLS as Distributed by MLS Grid
• 2025-10-24 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-04-28 Price Changed $232,999 Stellar MLS as Distributed by MLS Grid
• 2025-04-23 Price Changed $233,999 Stellar MLS as Distributed by MLS Grid
• 2025-04-12 Price Changed $234,999 Stellar MLS as Distributed by MLS Grid
• 2025-04-09 Price Changed $239,999 Stellar MLS as Distributed by MLS Grid
• 2025-04-06 Price Changed $244,999 Stellar MLS as Distributed by MLS Grid
• 2025-04-05 Listed $249,999 Stellar MLS as Distributed by MLS Grid
• 2024-11-23 Price Changed $233,999 Stellar MLS as Distributed by MLS Grid
• 2024-11-11 Relisted — Stellar MLS as Distributed by MLS Grid
• 2024-11-04 Pending — Stellar MLS as Distributed by MLS Grid
• 2024-10-26 Price Changed $234,999 Stellar MLS as Distributed by MLS Grid
• 2024-10-18 Price Changed $239,999 Stellar MLS as Distributed by MLS Grid
• 2024-10-11 Relisted — Stellar MLS as Distributed by MLS Grid
• 2024-10-11 Price Changed $244,999 Stellar MLS as Distributed by MLS Grid
• 2024-10-01 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2024-09-28 Price Changed $239,999 Stellar MLS as Distributed by MLS Grid
• 2024-09-23 Price Changed $244,999 Stellar MLS as Distributed by MLS Grid
• 2024-09-20 Price Changed $249,999 Stellar MLS as Distributed by MLS Grid
• 2024-08-31 Price Changed $254,999 Stellar MLS as Distributed by MLS Grid
• 2024-08-24 Price Changed $259,999 Stellar MLS as Distributed by MLS Grid
• 2024-08-16 Price Changed $264,999 Stellar MLS as Distributed by MLS Grid
• 2024-08-02 Listed $269,999 Stellar MLS as Distributed by MLS Grid
• 2022-04-11 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2021-10-20 Listed $259,999 Stellar MLS as Distributed by MLS Grid
• 2020-12-29 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2020-11-11 Listed $199,999 Stellar MLS as Distributed by MLS Grid
• 2020-07-14 Sold (Public Records) $115,000 Public Records
• 2020-07-08 Sold (MLS) $115,000 Stellar MLS as Distributed by MLS Grid
• 2020-05-18 Pending — Stellar MLS as Distributed by MLS Grid
• 2020-04-27 Listed $125,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+5.2%/yr

Latest (2025): $1,907 · +9.5% YoY. Source: county tax records.