1513 32nd St NW · Inwood, FL 33881

$135,000

3 bd · 1.0 ba · 1,016 sqft · SingleFamily public records · 2 Days on market

Built 1991 8,024 sqft lot

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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 +28.0/30.0
• DSCR +9.9/10.0
• 1% rule +8.2/10.0
• ARV discount +7.5/15.0
• Schools +3.5/10.0
• Livability +3.3/5.0
• Rent growth +3.0/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great Investment Opportunity!

Key facts

• 8,024 sq ft lot
• Built 1991
• Listed 2 days

Property features AI

Finance

• Other: Unfurnished; Zoning: R-2
• Financial info: Lease restrictions not indicated
• HOA & community: No homeowners association

Exterior

• Parking: Open parking
• Security: No security features listed
• Utilities: Public water; Public sewer; Cable available
• Home design: Single family residence; One story; Faces west; Residential property
• Construction: Frame construction; Shingle roof; Slab foundation; Built on a 0.18-acre lot (approx. 68 x 118)
• Exterior features: Paved lot; Located in county

Interior

• Kitchen: No appliances included
• Bedrooms: 3 bedrooms
• Flooring: Vinyl flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Open floorplan; No additional interior features listed
• Laundry & utility: Washer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $135k.

Deal economics

• At list price, monthly cash flow is $418 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $135k).

Location & tenants

• Location reads 66/100 on livability (#594 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 (+2.1%/yr); 491 active listings in the ZIP; 23 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 ($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 $933 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.
• At projected returns (-3.0% appreciation + 2.1% rent growth), your $38k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 10y 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 $34k; list at $135k implies a 303% 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 $135,000

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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.
4. 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.
5. 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: 1.32% ✓
• Cap rate: 10.01%
• Cash-on-cash: 13.27%
• DSCR: 1.59
• GRM: 6.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.1% rent growth · sell at horizon

5-year hold

• IRR: 2.2%
• Equity multiple: 1.09×
• Total profit: $3,214
• Equity at exit: $20,129

10-year hold

• IRR: 10.9%
• Equity multiple: 1.82×
• Total profit: $30,886
• Equity at exit: $11,672

Cash invested: $37,800 (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 33881

• Home prices YoY: -24.3%
• Rents YoY: 2.1%
• Active inventory: 491
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $1,787 high
• Mortgage (P&I): −$708
• Tax from tax record: −$229 /mo · $2,753/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$375
• Net cashflow: $418

Break-even live

Break-even rent $1,258

Max offer price $135,000

Occupancy floor 72%

Sensitivity live

Price	-10% $495	-5% $456	+0% $418	+5% $380	+10% $342
Rent	-10% $277	-5% $348	+0% $418	+5% $489	+10% $559
Rate	-1.0pp $486	-0.5pp $452	base $418	+0.5pp $383	+1.0pp $348

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: $33,750
• Closing costs: $4,050
• Reserves months: —
• Total cash needed: —

Rent comps 23 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1335 34th St NW Winter Haven, FL	2.0	2.0	1200	$1,706	$1.42	4d	1	0.19mi
1254 34th St NW Winter Haven, FL	3.0	2.0	1102	$1,690	$1.53	4d	1	0.28mi
3110 Avenue U NW Winter Haven, FL	4.0	2.0	1256	$2,075	$1.65	24d	1	0.35mi
3135 Woodhill Rd Unit 3127 Winter Haven, FL	2.0	1.0	950	$1,450	$1.53	24d	1	0.44mi
3135 Woodhill Rd Unit 3205 Winter Haven, FL	2.0	1.0	950	$1,350	$1.42	24d	1	0.44mi
729 Crestwood Dr Winter Haven, FL	3.0	1.0	1156	$1,550	$1.34	24d	1	0.62mi
2366 Lake Dr NW Winter Haven, FL	2.0	2.0	1003	$1,350	$1.35	4d	1	0.67mi
3823 Avenue J NW Winter Haven, FL	3.0	1.0	1050	$1,696	$1.62	4d	1	0.68mi
611 34th St NW Winter Haven, FL	2.0	1.0	910	$1,500	$1.65	24d	1	0.76mi
5004 Dream Dr Winter Haven, FL	1.0–2.0	1.0–2.0	859	$1,899	$2.21	4d	71	0.85mi
5004 Dream Dr Winter Haven, FL	1.0–2.0	1.0–2.0	859	$1,899	$2.21	15d	76	0.85mi
2016 Avenue G NW Unit 2016 Winter Haven, FL	2.0	1.0	832	$1,125	$1.35	15d	1	1.02mi
2414 Willow Way Winter Haven, FL	2.0	2.5	1425	$1,850	$1.30	15d	1	1.06mi
2014 S Lake Cannon Dr NW Winter Haven, FL	3.0	2.0	1403	$2,350	$1.67	24d	1	1.06mi
350 24th St NW Winter Haven, FL	2.0	1.0–2.0	660	$1,549	$2.35	4d	13	1.07mi
2430 Willow Way Winter Haven, FL	2.0	2.5	1425	$1,795	$1.26	15d	1	1.09mi
333 Lake Howard Dr NW Unit 312C Winter Haven, FL	2.0	2.0	1030	$1,425	$1.38	24d	1	1.19mi
2414 Avenue A Ter NW Winter Haven, FL	3.0	2.0	1456	$1,900	$1.30	15d	1	1.22mi
2500 21st St NW #56 Winter Haven, FL	2.0	2.5	1184	$1,800	$1.52	24d	1	1.36mi
2000 15th Ct NW Winter Haven, FL	2.0	1.0	750	$1,395	$1.86	4d	1	1.41mi
2416 Avenue B SW Winter Haven, FL	3.0	2.0	1373	$2,000	$1.46	24d	1	1.45mi
265 25th St SW Unit B Winter Haven, FL	2.0	1.0	880	$1,200	$1.36	24d	1	1.48mi
2214 Avenue B SW Winter Haven, FL	3.0	2.0	1336	$1,775	$1.33	24d	1	1.48mi

Listing history 2 events

1. 2026-06-07
   remarks 17-char remark
2. 2026-06-07
   listed $135,000 Active 2 DOM

ⓘ 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: $2,753 · $229/mo
• Projected year-2 tax: $2,753 · $229/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 2/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥107°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 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,444
• − Mortgage interest: −$7,562
• − Property taxes: −$2,753
• − Insurance: −$675
• − Repairs & maintenance: −$1,716
• − Management: −$1,716
• − Depreciation: −$3,927
• Taxable income: $3,096
• Est. tax owed @ 24.0%: −$743
• After-tax cash flow: $4,274/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 — Inwood

• Score: 66/100
• State rank: #594
• US rank: #11391

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

• Census place: Inwood, FL
• County: Polk County · 740,051 people
• Metro: Lakeland-Winter Haven, FL
• Population (ZIP): 40,808
• Household income: $57,024
• Rent vs Own: 28.2% rent · 71.8% own
• Severe rent burden: 1270.0

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 0.68)
• Race & ethnicity: White 44% Black 27% Hispanic / Latino 25% Two or more races 15%
• Hispanic origin (detail): Mexican 4% Puerto Rican 12% Cuban 1%
• Common ancestry: Hispanic 5% Slovak 1% Italian 1%
• Foreign-born: 15% · Canada, Jamaica
• Languages at home: 73% English-only · Spanish 20% French/Haitian/Cajun 6%

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: ▼ -88.95%
• Current HPI: 277.0597
• Rent YoY: ▲ 2.10%
• 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

+170.0% since first listed

11 events — show timeline

• 2026-06-05 Listed $135,000 Stellar MLS as Distributed by MLS Grid
• 2018-04-14 Pending — Stellar MLS as Distributed by MLS Grid
• 2018-03-24 Pending — Stellar MLS as Distributed by MLS Grid
• 2018-03-22 Pending — Stellar MLS as Distributed by MLS Grid
• 2018-01-19 Listed $79,900 Stellar MLS as Distributed by MLS Grid
• 2018-01-19 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2018-01-19 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2016-09-30 Sold (MLS) $33,500 Stellar MLS as Distributed by MLS Grid
• 2016-09-13 Pending — Stellar MLS as Distributed by MLS Grid
• 2016-09-13 Listed $39,900 Stellar MLS as Distributed by MLS Grid
• 1991-11-01 Sold (Public Records) $50,000 Public Records

Property tax history

+15.9%/yr

Latest (2025): $2,753 · +5.6% YoY. Source: county tax records.