343 Weaver Ave · Lake Wales, FL 33853

$115,000

2 bd · 2.0 ba · 1,159 sqft · SingleFamily public records · 90 Days on market

Built 1920 7,496 sqft lot

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Why this score? — see what drove the C+ 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 +26.6/30.0
• DSCR +9.1/10.0
• 1% rule +7.8/10.0
• ARV discount +7.5/15.0
• Schools +3.5/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Great opportunity to own a move-in ready home with flexible living space! This 2-bedroom, 2-bath home offers approximately 1,159 sq ft with a spacious and functional layout. Generous room sizes and natural light create a comfortable living environment. The property also includes an additional rear room currently in use, offering flexible potential for future use such as a guest space, office, or storage. Enjoy a covered front porch, No HOA. Convenient location near major roads, shopping, and local amenities. Perfect for a primary residence or investment opportunity with strong upside potential. Important: The lot adjacent to the property does not convey with the sale of the home. The home i

Key facts

• Covered front porch
• Open living area
• Updated flooring

Tags

• MOVE IN READY
• UPDATED FLOORING
• OPEN LIVING AREA
• REFRESHED KITCHEN
• WALK IN SHOWER
• COVERED FRONT PORCH

Property features AI

Finance

• Other: Zoned C-2; Property type: Residential — Single Family Residence; Unfurnished; Universal property ID available; Directions: From US-27 S, turn onto FL-60 E (W State Rd 60) toward Lake Wales. Continue on FL-60 E, then turn left onto Weaver Ave. Property will be on your right
• HOA & community: No HOA/association

Exterior

• Utilities: Public water available; Septic needed; Electricity available
• Home design: Single-family residence; One story; Faces north
• Construction: Frame construction; Shingle roof; Crawlspace foundation; Built area about 1,159 (public records)
• Exterior features: Paved road access; Lot dimensions about 50 x 73; Lot approximately 0.17 acre

Interior

• Kitchen: Cooktop; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Ductless heating; Wall/window cooling units
• Interior features: Ceiling fans
• Laundry & utility: Laundry: Other

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $115k.

Deal economics

• At list price, monthly cash flow is $308 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $115k).
• Recommended offer: $108k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 68/100 on livability (#535 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; 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: 182 active listings in the ZIP; 17 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 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 $795 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $32k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 90 days — a 6% lower offer ($108k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.
• 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 $108,100 (6.0% below list)

Questions for the listing agent

1. It's been on market 90 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 1.28% ✓
• Cap rate: 9.51%
• Cash-on-cash: 11.49%
• DSCR: 1.51
• GRM: 6.5

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: 0.9%
• Equity multiple: 1.03×
• Total profit: $1,068
• Equity at exit: $17,147

10-year hold

• IRR: 10.5%
• Equity multiple: 1.82×
• Total profit: $26,466
• Equity at exit: $9,943

Cash invested: $32,200 (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 33853

• Home prices YoY: -9.2%
• Active inventory: 182
• Price-to-rent: 6.5×

Monthly cashflow live

• Estimated rent: $1,473 high
• Mortgage (P&I): −$603
• Tax from tax record: −$204 /mo · $2,451/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$309
• Net cashflow: $308

Break-even live

Break-even rent $1,083

Max offer price $115,000

Occupancy floor 74%

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: $28,750
• Closing costs: $3,450
• Reserves months: —
• Total cash needed: —

Rent comps 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
133 W Park Ave Unit B Lake Wales, FL	3.0	2.0	1151	$1,600	$1.39	23d	1	0.43mi
104 W Stuart Ave Lake Wales, FL	2.0	1.0	720	$1,100	$1.53	3d	1	0.47mi
244 E Park Ave Unit 201 Lake Wales, FL	2.0	2.5	1119	$1,850	$1.65	23d	1	0.73mi
244 E Park Ave Unit 204 Lake Wales, FL	2.0	1.0	847	$1,800	$2.13	23d	1	0.73mi
307 Steedly Ave Lake Wales, FL	3.0	1.0	1335	$1,895	$1.42	2d	1	0.82mi
100 E St Lake Wales, FL	2.0	1.5	860	$1,200	$1.40	23d	1	0.89mi
403 E Johnson Ave Lake Wales, FL	3.0	2.0	1196	$1,650	$1.38	23d	1	0.91mi
444 E Tillman Ave Unit 5 Lake Wales, FL	2.0	1.0	892	$1,100	$1.23	23d	1	1.00mi
444 E Tillman Ave Lake Wales, FL	2.0	1.0	892	$1,100	$1.23	14d	1	1.00mi
609 Washington Ave Lake Wales, FL	3.0	2.0	1392	$1,549	$1.11	13d	1	1.05mi
114 E Northside Dr #3 Lake Wales, FL	2.0	1.0	900	$1,200	$1.33	23d	1	1.11mi
610 Emerald Ave Unit 3 Lake Wales, FL	2.0	1.0	864	$1,299	$1.50	21d	1	1.26mi
425 F St Unit 2 Lake Wales, FL	3.0	2.0	977	$1,195	$1.22	13d	1	1.26mi
202 Owens Rd Lake Wales, FL	3.0	2.0	1133	$1,850	$1.63	23d	1	1.28mi
620 Emerald Ave Unit 1 Lake Wales, FL	2.0	1.0	780	$1,000	$1.28	23d	1	1.28mi
711 Springer Dr #3 Lake Wales, FL	2.0	2.0	972	$1,400	$1.44	23d	1	1.46mi
711 Springer Dr Lake Wales, FL	1.0–2.0	1.0–2.0	848	$1,400	$1.65	3d	2	1.46mi

Listing history 24 events

1. 2026-06-18
   days on market $115,000 Active 90 DOM
2. 2026-06-17
   price $115,000 Active 89 DOM
3. 2026-06-17
   days on market $119,900 Active 89 DOM
4. 2026-06-16
   days on market $119,900 Active 88 DOM
5. 2026-06-15
   price $119,900 Active 87 DOM
6. 2026-06-15
   days on market $127,000 Active 87 DOM
7. 2026-06-13
   pricedays on market $127,000 Active 85 DOM
8. 2026-06-10
   days on market $120,000 Active 82 DOM
9. 2026-06-09
   days on market $120,000 Active 81 DOM
10. 2026-06-08
    days on market $120,000 Active 80 DOM
11. 2026-06-07
    days on market $120,000 Active 79 DOM
12. 2026-06-05
    days on market $120,000 Active 76 DOM
13. 2026-06-03
    pricedays on market $120,000 Active 75 DOM
14. 2026-06-03
    days on market $125,000 Active 74 DOM
15. 2026-06-01
    days on market $125,000 Active 73 DOM
16. 2026-05-31
    pricedays on market $125,000 Active 72 DOM
17. 2026-05-21
    price $127,000
18. 2026-04-28
    price $128,000
19. 2026-04-20
    price $129,999
20. 2026-04-14
    soldstatus $102,000
21. 2026-04-10
    price $138,000
22. 2026-03-25
    price $139,900
23. 2026-03-20
    listed $140,000 Active
24. 2005-01-03
    soldstatus $70,000

ⓘ 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: $2,451 · $204/mo
• Projected year-2 tax: $2,451 · $204/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 · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,676
• − Mortgage interest: −$6,442
• − Property taxes: −$2,451
• − Insurance: −$575
• − Repairs & maintenance: −$1,414
• − Management: −$1,414
• − Depreciation: −$3,345
• Taxable income: $2,035
• Est. tax owed @ 24.0%: −$488
• After-tax cash flow: $3,213/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 — Lake Wales

• Score: 68/100
• State rank: #535
• US rank: #10036

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lake Wales, FL
• City population: 30,351
• Population (ZIP): 12,385

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 0.65)
• Race & ethnicity: White 42% Hispanic / Latino 36% Black 19% Two or more races 16%
• Hispanic origin (detail): Mexican 10% Puerto Rican 18% Cuban 2% Dominican 1%
• Common ancestry: Romanian 2% Slovak 1% Lithuanian 1%
• Foreign-born: 10% · Canada
• Languages at home: 72% English-only · Spanish 27%

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: ▼ -33.98%
• Current HPI: 333.8292
• Rent YoY: —
• Metro: —
• 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

+81.4% since first listed

8 events — show timeline

• 2026-05-21 Price Changed $127,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-28 Price Changed $128,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-20 Price Changed $129,999 Stellar MLS as Distributed by MLS Grid
• 2026-04-14 Sold (Public Records) $102,000 Public Records
• 2026-04-10 Price Changed $138,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-25 Price Changed $139,900 Stellar MLS as Distributed by MLS Grid
• 2026-03-20 Listed $140,000 Stellar MLS as Distributed by MLS Grid
• 2005-01-03 Sold (Public Records) $70,000 Public Records

Property tax history

+11.1%/yr

Latest (2025): $2,451 · +9.2% YoY. Source: county tax records.