5379 Cloudberry Ave · Lakeland, FL 33811

$374,900

5 bd · 3.0 ba · 2,077 sqft · Land · 106 Days on market

Built 2026 6,098 sqft lot $40/mo HOA · 1% of rent

---

Why this score? — see what drove the F 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 +7.8/30.0
• ARV discount +7.5/15.0
• Livability +3.9/5.0
• Schools +3.5/10.0
• 1% rule +2.5/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +1.9/10.0
• Appreciation +0.0/10.0

Listing remarks

Under Construction. Welcome to the Lakeside, one of our one-story floorplans featured in our Summerlin at Hawthorne Ranch in Lakeland, Florida. Take your pick between two artfully designed exteriors. Inside this beautiful 5 bedroom, 3 bathroom home, you'll find 2,077 square feet of comfortable living. The living area is an open concept, where your kitchen, living, and dining areas blend seamlessly into a space perfect for everyday living and entertaining. The kitchen features modern cabinets, quartz countertops, and sleek stainless-steel appliances, which are sure to both turn heads and make meal prep easy. You'll never be too far from the action with the living and dining area right there.

Key facts

• One story floorplans
• Quartz countertops
• Open concept

Tags

• ONE STORY FLOORPLANS
• ARTFULLY DESIGNED EXTERIORS
• OPEN CONCEPT
• MODERN CABINETS
• QUARTZ COUNTERTOPS
• STAINLESS STEEL APPLIANCES

Property features AI

Finance

• Other: Home warranty included; Community directions available
• Financial info: Other annual assessment $2,043; Lease restrictions apply
• HOA & community: Has HOA (monthly fee $40); Association amenities: clubhouse, fitness center, playground, pool, recreation facilities, trails, sidewalks, street lights; Pets allowed

Exterior

• Parking: Attached garage; 2-car garage
• Security: Smoke detector(s)
• Utilities: Public water; Public sewer; Electricity connected; Sewer connected; Water connected; Cable available; Phone available; BB/HS internet available; Underground utilities
• Home design: Single family residence; One story; Under construction (projected completion: 2026-03-30); South-facing
• Construction: Block and stucco construction; Shingle roof; Slab foundation; New construction by D.R. Horton (model: Lakeside); Builder license CBC1265174; Permit BLD25-06984; Built area ~2077 (builder provided)
• Exterior features: Covered rear porch; Sidewalk; Sliding doors; Irrigation equipment; Landscaped with trees; Paved lot with paved road

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Range; Refrigerator; Solid surface counters
• Bedrooms: 5 bedrooms
• Flooring: Carpet
• Bathrooms: 3 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Open floorplan; Solid surface counters; Thermostat; Walk-in closets; Blinds on windows; Smoke detectors
• Laundry & utility: Inside laundry room; Washer; Dryer; Electric water heater; Inside utility room

🏗️ New construction. Builder plan / spec listing (the home may be to-be-built); metrics use comparable previous sales.

What this means for you Summary

Snapshot

• This is a 5-bed/3.0-bath land listed at $375k.

Deal economics

• At list price, monthly cash flow is $-413 ($-5k/yr) — negative.
• To cash-flow at today's rent, offer at most $315k (15.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $281k (25.1% below list).
• Recommended offer: $281k (25.1% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 77/100 on livability (#206 in FL, #3,179 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: employment 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.
• Zoned schools: R. Bruce Wagner Elementary School (math 54% / reading 42%, grade D, #1,171 of 2,144 statewide, top 55%, 946 students, 46% FRL); Sleepy Hill Middle School (math 29% / reading 34%, grade F, #453 of 571 statewide, top 81%, 1,090 students, 66% FRL); George W. Jenkins Senior High (math 25% / reading 49%, grade F, #340 of 667 statewide, top 52%, 2,451 students, 37% FRL).
• Market conditions: Rents soft (-0.2%/yr); 363 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals leasing fast (median 14d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 10,384 units permitted in Polk County in 2024 (1,716 in 5+ unit buildings).
• This rent runs 37% of the median local income ($90k/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 $3k of loan paydown is wiped out by about $11k 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 106 days — a 9% lower offer ($341k) is reasonable based on typical stale-listing flexibility.

Recommended offer $280,795 (25.1% 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 106 days. Have you received any prior offers? Is the seller open to a 25% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 0.75% ✗
• Cap rate: 4.97%
• Cash-on-cash: -4.72%
• DSCR: 0.79
• GRM: 11.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -27.7%
• Equity multiple: 0.09×
• Total profit: $-95,189
• Equity at exit: $55,899

10-year hold

• IRR: -42.8%
• Equity multiple: -0.41×
• Total profit: $-148,254
• Equity at exit: $32,415

Cash invested: $104,972 (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 33811

• Home prices YoY: -26.2%
• Rents YoY: -0.2%
• Active inventory: 363
• Price-to-rent: 11.1×

Monthly cashflow live

• Estimated rent: $2,808 high
• Mortgage (P&I): −$1,966
• Tax est. 1.5%: −$469 /mo · $5,624/yr
• Insurance: −$156
• HOA: −$40
• Vacancy / Maint / Mgmt: −$590
• Net cashflow: $-413

Break-even live

Break-even rent $3,330

Max offer price $315,201

Occupancy floor —

Sensitivity live

Price	-10% $-153	-5% $-283	+0% $-413	+5% $-542	+10% $-672
Rent	-10% $-634	-5% $-523	+0% $-413	+5% $-302	+10% $-191
Rate	-1.0pp $-224	-0.5pp $-317	base $-413	+0.5pp $-510	+1.0pp $-609

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: $93,725
• Closing costs: $11,247
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5694 Arlington River Dr Lakeland, FL	5.0	3.0	2885	$2,700	$0.94	25d	1	0.43mi
5038 Foxglove Cir Lakeland, FL	5.0	3.0	2670	$2,850	$1.07	4d	1	0.44mi
3978 White Ibis Rd Lakeland, FL	4.0	2.0	1711	$2,395	$1.40	16d	1	0.49mi
5463 Arlington River Dr Lakeland, FL	5.0	3.0	2419	$2,800	$1.16	25d	1	0.49mi
4301 Salt Springs Ln Lakeland, FL	4.0	2.5	2585	$2,600	$1.01	5d	1	0.68mi
3883 White Ibis Rd Lakeland, FL	3.0–4.0	2.0	1628	$2,434	$1.50	4d	1	0.73mi
3973 Spruce Creek Dr Lakeland, FL	4.0	2.0	1929	$2,200	$1.14	25d	1	0.84mi
6265 Dolostone Dr Lakeland, FL	4.0	3.0	2038	$3,000	$1.47	5d	1	0.94mi
3615 Peregrine Way Lakeland, FL	4.0	2.5	2095	$3,200	$1.53	4d	1	1.09mi
3668 Sandhill Crane Dr Unit A11 Lakeland, FL	4.0	3.0	2079	$2,344	$1.13	13d	1	1.18mi
5340 Song Sparrow Ct Lakeland, FL	4.0	2.0	1701	$2,076	$1.22	25d	1	1.32mi

HOA detail

• Monthly dues: $40 · $480/yr

Listing history 12 events

1. 2026-06-10
   status $374,900 Pending 106 DOM
2. 2026-06-09
   days on market $374,900 Active 106 DOM
3. 2026-06-08
   days on market $374,900 Active 105 DOM
4. 2026-06-07
   days on market $374,900 Active 104 DOM
5. 2026-06-05
   days on market $374,900 Active 101 DOM
6. 2026-06-03
   days on market $374,900 Active 99 DOM
7. 2026-06-01
   days on market $374,900 Active 98 DOM
8. 2026-05-31
   days on market $374,900 Active 97 DOM
9. 2026-05-12
   status Pending
10. 2026-05-08
    price $375,190
11. 2026-04-17
    price $374,190
12. 2026-02-09
    listed $377,990 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $33,695
• − Mortgage interest: −$21,000
• − Property taxes: −$5,624
• − Insurance: −$1,874
• − Repairs & maintenance: −$2,696
• − Management: −$2,696
• − HOA: −$480
• − Depreciation: −$10,906
• Taxable loss: −$11,580
• Est. tax savings @ 24.0%: +$2,779
• After-tax cash flow: $-2,172/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 — Lakeland

• Score: 77/100
• State rank: #206
• US rank: #3179

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lakeland, FL
• County: Polk County · 740,051 people
• City population: 277,690
• Metro: Lakeland-Winter Haven, FL
• Population (ZIP): 29,472
• Household income: $90,263
• Rent vs Own: 23.0% rent · 77.0% own
• Severe rent burden: 477.0

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: Majority White (63%)
• Race & ethnicity: White 63% Hispanic / Latino 23% Two or more races 14% Black 8% Asian 1%
• Hispanic origin (detail): Mexican 6% Puerto Rican 5% Cuban 4%
• Common ancestry: Italian 3% Lithuanian 2% Slovak 2%
• Foreign-born: 8% · Canada, Jamaica
• Languages at home: 83% English-only · Spanish 14% French/Haitian/Cajun 1% Tagalog/Filipino 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: ▼ -109.57%
• Current HPI: 309.0061
• Rent YoY: ▼ -0.19%
• 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

-0.7% since first listed

4 events — show timeline

• 2026-05-12 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-05-08 Price Changed $375,190 Stellar MLS as Distributed by MLS Grid
• 2026-04-17 Price Changed $374,190 Stellar MLS as Distributed by MLS Grid
• 2026-02-09 Listed $377,990 Stellar MLS as Distributed by MLS Grid