3027 Galaxy Ln · Crystal Lake, FL 33801

$123,900

2 bd · 2.0 ba · 1,344 sqft · Manufactured public records · 177 Days on market

Built 1983 6,752 sqft lot $33/mo HOA · 2% 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 +29.0/30.0
• DSCR +10.0/10.0
• 1% rule +8.5/10.0
• ARV discount +7.5/15.0
• Schools +3.5/10.0
• Livability +3.3/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Under contract-accepting backup offers. PRICE REDUCTION ON THIS GORGEOUS HOME! You'll love this large move-in ready, fully furnished 2 bedroom, 2 bath home in a gated, friendly, active 55+ community in SE Lakeland. Cash or Conventional Loan. No Lot Rent; You Own the Land. The air conditioned square footage is 1,344 sf, and including the Florida room, you will have 1,674 square feet of living space in this 1983 manufactured home. All the furniture, tools, kitchen, and household items are included in the sale. This home features an extra large 11X30 Florida room that can easily accommodate a seating area as well as an outdoor dining area with room to spare, an inside laundry room, and a separ

Key facts

• Walk-in closet
• Dining room
• Separate living room

Tags

• EXTRA LARGE FLORIDA ROOM
• INSIDE LAUNDRY ROOM
• SEPARATE LIVING ROOM
• DINING ROOM
• FAMILY ROOM WITH WET BAR
• WALK-IN CLOSET

Property features AI

Finance

• Other: Total acreage 0.16 acres
• Financial info: Lease restrictions apply
• HOA & community: Association: Pratana; HOA required with approval required; Monthly HOA approximately $33.33 (annual fee $400); Association fee includes recreational facilities; Community amenities: Clubhouse, Dog Park, Shuffleboard Court, Golf carts allowed; Senior community; Pets allowed (breed restrictions; dogs OK)

Exterior

• Parking: Has carport (1 car)
• Security: Gated community
• Utilities: Public water; Public sewer; Electricity connected
• Home design: Manufactured double wide home; Residential property; One story; Faces north; Located in a PUD
• Construction: Metal siding; Metal roof; Crawlspace foundation; Built area approximately 1674 sq ft (estimated)
• Exterior features: Awning(s); Sliding doors; Fishing pier (water extras)

Interior

• Kitchen: Built-in oven; Cooktop; Range; Range hood; Microwave; Refrigerator; Freezer; Exhaust fan
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Natural gas heating; Central air conditioning
• Interior features: Built-in features; Ceiling fans; Open floorplan; Living room/dining room combo; Thermostat; Wet bar; Window treatments; Other
• Laundry & utility: Laundry room; Washer; Dryer; Electric water heater

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $124k.

Deal economics

• At list price, monthly cash flow is $422 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $124k).
• Recommended offer: $109k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 66/100 on livability (#620 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A; Watch: amenities F, commute F, employment 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.
• Zoned schools: Oscar J. Pope Elementary School (math 32% / reading 27%, grade F, #1,896 of 2,144 statewide, top 90%, 410 students, 65% FRL); Crystal Lake Middle School (math 27% / reading 27%, grade F, #497 of 571 statewide, top 88%, 949 students, 71% FRL); George W. Jenkins Senior High (math 25% / reading 49%, grade F, #340 of 667 statewide, top 52%, 2,451 students, 37% FRL) — zoned schools at 58% FRL track the district average.
• Market conditions: Rents rising (+1.1%/yr); 256 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals at typical pace (median 16d 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 38% of the median local income ($53k/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 $857 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 177 days — a 12% lower offer ($109k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $53k; list at $124k implies a 134% 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; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $109,032 (12.0% below list)

Questions for the listing agent

1. It's been on market 177 days. Have you received any prior offers? Is the seller open to a 12% 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. 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.
6. 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.
7. 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: 1.35% ✓
• Cap rate: 10.38%
• Cash-on-cash: 14.61%
• DSCR: 1.65
• GRM: 6.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 1.05% rent growth · sell at horizon

5-year hold

• IRR: 2.8%
• Equity multiple: 1.11×
• Total profit: $3,661
• Equity at exit: $18,474

10-year hold

• IRR: 10.3%
• Equity multiple: 1.73×
• Total profit: $25,338
• Equity at exit: $10,713

Cash invested: $34,692 (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 33801

• Home prices YoY: -15.9%
• Rents YoY: 1.1%
• Active inventory: 256
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $1,673 high
• Mortgage (P&I): −$650
• Tax from tax record: −$165 /mo · $1,980/yr
• Insurance: −$52
• HOA: −$33
• Vacancy / Maint / Mgmt: −$351
• Net cashflow: $422

Break-even live

Break-even rent $1,138

Max offer price $123,900

Occupancy floor 70%

Sensitivity live

Price	-10% $493	-5% $458	+0% $422	+5% $387	+10% $352
Rent	-10% $290	-5% $356	+0% $422	+5% $489	+10% $555
Rate	-1.0pp $485	-0.5pp $454	base $422	+0.5pp $390	+1.0pp $358

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: $30,975
• Closing costs: $3,717
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1803 Venus St Lakeland, FL	3.0	2.0	1259	$1,645	$1.31	4d	1	0.20mi
3321 Peachtree Hill Rd Lakeland, FL	3.0	2.0	960	$1,475	$1.54	16d	1	0.39mi
2919 Maine Ave Lakeland, FL	3.0	1.0	1134	$1,275	$1.12	15d	1	0.57mi
2839 8 Iron Dr Unit 2841 Lakeland, FL	2.0	1.5	900	$1,397	$1.55	25d	1	0.60mi
2524 Kiwanis Ave Lakeland, FL	3.0	1.5	1468	$1,670	$1.14	13d	1	0.74mi
2402 Kiwanis Ave Unit 1258725P Lakeland, FL	3.0	1.0	1194	$3,262	$2.73	16d	1	0.86mi
1922 Crystal Grove Dr #1922 Lakeland, FL	2.0	2.0	1014	$1,547	$1.53	25d	1	0.92mi
521 Skyline Dr E Lakeland, FL	3.0	2.0	1260	$2,300	$1.83	4d	1	1.38mi
2025 Sylvester Rd Unit N109 Lakeland, FL	2.0	2.0	1099	$1,750	$1.59	4d	1	1.46mi
2025 Sylvester Rd Lakeland, FL	1.0–2.0	1.0–2.0	1099	$1,850	$1.68	25d	2	1.49mi

HOA detail

• Monthly dues: $33 · $396/yr
• Likely covers: security

Listing history 10 events

1. 2026-06-15
   statusdays on market $123,900 Pending 177 DOM
2. 2026-06-13
   days on market $123,900 Active 176 DOM
3. 2026-06-10
   days on market $123,900 Active 173 DOM
4. 2026-06-09
   days on market $123,900 Active 172 DOM
5. 2026-06-08
   days on market $123,900 Active 171 DOM
6. 2026-06-07
   statusdays on market $123,900 Active 170 DOM
7. 2026-04-12
   price $123,900
8. 2026-01-28
   price $130,900
9. 2025-12-09
   listed $135,900 Active
10. 2004-02-23
    soldstatus $53,000

ⓘ 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: $1,980 · $165/mo
• Projected year-2 tax: $1,980 · $165/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 3/10 Moderate
• 🌡 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 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,078
• − Mortgage interest: −$6,940
• − Property taxes: −$1,980
• − Insurance: −$620
• − Repairs & maintenance: −$1,606
• − Management: −$1,606
• − HOA: −$396
• − Depreciation: −$3,604
• Taxable income: $3,326
• Est. tax owed @ 24.0%: −$798
• After-tax cash flow: $4,271/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 — Crystal Lake

• Score: 66/100
• State rank: #620
• US rank: #12023

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Polk County · 740,051 people
• City population: 33,460
• Metro: Lakeland-Winter Haven, FL
• Population (ZIP): 35,394
• Household income: $53,061
• Rent vs Own: 51.3% rent · 48.7% own
• Severe rent burden: 1291.0

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 0.58)
• Race & ethnicity: White 60% Hispanic / Latino 19% Black 16% Two or more races 8% Asian 1%
• Hispanic origin (detail): Mexican 5% Puerto Rican 8% Cuban 3%
• Common ancestry: Romanian 2% Slovak 2% Lithuanian 1%
• Foreign-born: 8% · Canada
• Languages at home: 83% English-only · Spanish 14% French/Haitian/Cajun 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: ▼ -70.91%
• Current HPI: 373.7159
• Rent YoY: ▲ 1.05%
• 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

+133.8% since first listed

4 events — show timeline

• 2026-04-12 Price Changed $123,900 Stellar MLS as Distributed by MLS Grid
• 2026-01-28 Price Changed $130,900 Stellar MLS as Distributed by MLS Grid
• 2025-12-09 Listed $135,900 Stellar MLS as Distributed by MLS Grid
• 2004-02-23 Sold (Public Records) $53,000 Public Records

Property tax history

+9.4%/yr

Latest (2025): $1,980 · +14.4% YoY. Source: county tax records.