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370 Sequoia Dr
D+ Composite 46.27
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 +13.0/30.0
  • ARV discount +12.9/15.0
  • DSCR +3.9/10.0
  • Condition / age +3.8/5.0
  • 1% rule +3.6/10.0
  • Livability +3.4/5.0
  • Schools +3.2/10.0
  • Rent growth +2.5/5.0
  • Appreciation +0.0/10.0

$227,057

370 Sequoia Dr · Lake Wales, FL 33859
3 bd · 2.5 ba · 1,557 sqft · Townhouse · 132 Days on market
Built 2025 Good condition 2,613 sqft lot 1-car garage $146/sqft · 12% below area Est $258k · 12% under $191/mo HOA · 10% of rent ↓ 2% since listing

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks MLS

This charming, two-story home showcases an open floor plan with plank flooring and a generous great room. The kitchen boasts granite countertops, a breakfast bar, pantry, a Moen® faucet, Whirlpool® stainless steel appliances and 36-in. upper cabinets. Upstairs, enjoy the convenience of a dedicated laundry room. Relax in the primary suite, which features a walk-in closet and connecting bath that offers a dual-sink vanity and walk-in shower with tile surround. See sales counselor for approximate timing required for move-in ready homes.

Key facts

  • Open floor plan
  • Walk-in closet
  • Dual-sink vanity

Tags

OPEN FLOOR PLANGRANITE COUNTERTOPSBREAKFAST BARDEDICATED LAUNDRY ROOMWALK-IN CLOSETDUAL-SINK VANITY

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 3-bed/2.5-bath townhouse listed at $227k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $-11 ($-129/yr) — negative.
  • To cash-flow at today's rent, offer at most $225k (0.8% below list).
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $195k (14.1% below list).
  • Recommended offer: $195k (14.1% below list) — sets the bar for 1% rule.
  • Cap rate 6.2% vs local median 4.3% in Lake Wales — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

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+, 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: Spook Hill Elementary School (math 28% / reading 33%, grade F, #1,862 of 2,144 statewide, top 88%, 584 students, 67% FRL); Mclaughlin Academy of Excellence (math 34% / reading 32%, grade F, #437 of 571 statewide, top 77%, 542 students, 68% FRL); Winter Haven Senior High School (math 26% / reading 38%, grade F, #415 of 667 statewide, top 63%, 2,467 students, 50% FRL) — zoned schools at 62% FRL track the district average.
  • Market conditions: 436 active listings in the ZIP; 33 comparable units currently listed for rent nearby; rentals lingering (median 73d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 64% of comp listings sitting > 30 days — soft ceiling on asking rent; 10,384 units permitted in Polk County in 2024 (1,716 in 5+ unit buildings).
  • This rent runs 41% of the median local income ($58k/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 132 days — a 12% lower offer ($200k) is reasonable based on typical stale-listing flexibility.
  • 2 sale attempts; this cycle's ask has dropped $22k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.
Recommended offer $195,082 (14.1% 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 132 days. Have you received any prior offers? Is the seller open to a 14% 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. 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?
  7. 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?
  8. 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.
  9. 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.
  10. 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
0.86%
Cap rate
6.24%
Cash-on-cash
-0.20%
DSCR
0.99
GRM
9.7

CMA / ARV

ARV (median comp)
$258,000
List price
$227,057
Delta
-11.99%
Verdict
UNDERPRICED
Comps
1 within 2.0 mi
Show comp detail 8 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
387 Sequoia Dr 0.04mi 3/2.5 1,685 (+8%) 1mo $258,000 $153 84
216 Rivermill Way 0.24mi 4/2.0 (+1) 1,707 (+10%) 1mo $309,000 $181 65
746 Greenway Blvd 0.46mi 4/2.0 (+1) 1,498 (-4%) 1mo $261,900 $175 65
545 Bell Prairie Cir 0.29mi 4/2.5 (+1) 1,933 (+24%) 1mo $263,000 $136 56
1111 Amber Waves Ct 0.38mi 3/2.0 1,223 (-22%) 1mo $237,900 $195 54
738 Greenway Blvd 0.44mi 3/2.0 1,328 (-15%) 1mo $248,900 $187 52
750 Greenway Blvd 0.47mi 3/2.0 1,328 (-15%) 0mo $254,900 $192 52
4364 Dinner Lake Blvd 0.62mi 3/2.0 1,717 (+10%) 2mo $284,000 $165 51

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold
IRR
-16.6%
Equity multiple
0.41×
Total profit
$-37,459
Equity at exit
$33,855
10-year hold
IRR
-8.4%
Equity multiple
0.47×
Total profit
$-33,423
Equity at exit
$19,632

Cash invested: $63,576 (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.
Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
22 active · 7 under contract
Months of supply
132.0 mo (1%/mo absorbed)
Median asking
$229,068 ($146/sqft)
Median days on market
4 d
This list price
32% of active listings are priced below it
ARV vs active asking
+13.4% above current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 33859

Home prices YoY
-16.6%
Active inventory
436
Price-to-rent
9.7×

Monthly cashflow live

Estimated rent
$1,951 high interval (Pro) →
Mortgage (P&I)
$1,191
Tax from tax record
$76 /mo · $907/yr
Insurance
$95
HOA
$191
Vacancy / Maint / Mgmt
$410
Net cashflow
$-11

Break-even live

Break-even rent $1,964
Max offer price $225,158
Occupancy floor 96%

Sensitivity live

Price -10% $118 -5% $54 +0% $-11 +5% $-75 +10% $-139
Rent -10% $-165 -5% $-88 +0% $-11 +5% $66 +10% $143
Rate -1.0pp $104 -0.5pp $47 base $-11 +0.5pp $-70 +1.0pp $-129

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
$56,764
Closing costs
$6,812
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 33 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
355 Sequoia Dr Lake Wales, FL 3.0 2.5 1685 $2,100 $1.25 9d 1 0.04mi
160 Cypress Knees Dr Lake Wales, FL 3.0 2.0 1511 $1,900 $1.26 9d 1 0.19mi
3208 Creek Side Dr Lake Wales, FL 2.0 1.0 1187 $1,420 $1.20 9d 1 0.19mi
573 Bell Prairie Cir Lake Wales, FL 3.0 2.0 1444 $1,895 $1.31 6d 1 0.24mi
598 Bell Prairie Cir Lake Wales, FL 4.0 2.5 1931 $1,900 $0.98 73d 1 0.25mi
602 Bell Prairie Cir Lake Wales, FL 3.0 2.0 1461 $1,800 $1.23 80d 1 0.25mi
260 Lake Suzanne Dr Lake Wales, FL 2.0 2.0 1321 $1,650 $1.25 119d 1 0.28mi
626 Bell Prairie Cir Lake Wales, FL 4.0 2.0 1931 $2,600 $1.35 119d 1 0.30mi
645 Bell Prairie Cir Lake Wales, FL 4.0 2.5 1933 $2,000 $1.03 107d 1 0.32mi
529 Bell Prairie Cir Lake Wales, FL 4.0 2.5 1879 $2,000 $1.06 87d 1 0.33mi
642 Bell Prairie Cir Lake Wales, FL 4.0 2.5 1931 $2,199 $1.14 6d 1 0.34mi
517 Bell Prairie Cir Lake Wales, FL 4.0 2.5 1897 $2,100 $1.11 110d 1 0.34mi
517 Bell Prairie Cir Lake Wales, FL 4.0 2.5 1933 $2,098 $1.09 92d 1 0.34mi
309 Singing Sands Cir Lake Wales, FL 4.0 2.0 1935 $2,200 $1.14 73d 1 0.38mi
437 Singing Sands Cir Lake Wales, FL 3.0 2.0 1555 $1,750 $1.13 6d 1 0.40mi
413 Singing Sands Cir Lake Wales, FL 4.0 2.0 1817 $1,950 $1.07 98d 1 0.42mi
338 Rustic Rail Dr Lake Wales, FL 4.0 2.0 1841 $2,000 $1.09 9d 1 0.44mi
346 Rustic Rail Dr Lake Wales, FL 4.0 2.0 1844 $2,000 $1.08 9d 1 0.46mi
199 Dinner Lake Loop Lake Wales, FL 3.0 2.0 1599 $1,800 $1.13 110d 1 0.47mi
105 Serenity Loop Unit 5-302 Lake Wales, FL 2.0 2.0 1095 $2,305 $2.11 119d 1 0.68mi
105 Serenity Loop Unit 10-302 Lake Wales, FL 2.0 2.0 1095 $2,353 $2.15 0d 1 0.68mi
105 Serenity Lp Lake Wales, FL 1.0–3.0 1.0–2.0 1007 $2,245 $2.23 0d 31 0.68mi
243 C F Kinney Rd Lake Wales, FL 3.0 2.0 1600 $2,600 $1.62 116d 1 0.69mi
343 Dinner Lake Ct Lake Wales, FL 4.0 2.0 1801 $2,400 $1.33 110d 1 0.73mi
238 Dinner Lake Pl Lake Wales, FL 4.0 2.0 1913 $1,900 $0.99 65d 1 0.80mi
315 Dinner Lake Ct Lake Wales, FL 3.0 2.0 1405 $2,000 $1.42 119d 1 0.83mi
802 Ballantyne Dr Lake Wales, FL 4.0 2.0 1928 $1,999 $1.04 73d 1 0.98mi
830 Ballantyne Dr Lake Wales, FL 3.0 2.0 1434 $1,990 $1.39 62d 1 1.01mi
819 Ballantyne Dr Lake Wales, FL 4.0 2.0 1928 $2,000 $1.04 9d 1 1.03mi
706 Benz St Lake Wales, FL 3.0 2.0 1434 $1,900 $1.32 9d 1 1.03mi
474 Hennepin Loop Lake Wales, FL 3.0 2.0 1589 $1,850 $1.16 119d 1 1.13mi
240 Masterpiece Rd Lake Wales, FL 3.0 2.0 1418 $1,500 $1.06 65d 1 1.14mi
240 Masterpiece Rd Lake Wales, FL 3.0 2.0 1418 $1,500 $1.06 63d 1 1.14mi

Property features AI

Finance

Other
Lease restrictions applyPets allowed
Financial info
Total annual association fees listed
HOA & community
HOA required (Reserve at Forest Lake Townhome HOA / Empire Management Group)Monthly HOA approximately $33.33Quarterly association fees listedAssociation amenities include pool, clubhouse, playground, trails; grounds maintenance included

Exterior

Parking
Attached 1-car garage (approx. 20x10)
Utilities
Public waterPublic sewerBroadband/high-speed internet available
Home design
TownhouseTwo levelsCompleted/new constructionFaces southEntry on street level
Construction
Block, stucco, and frame constructionShingle roofSlab foundationBuilt by KB Home
Exterior features
Covered front porchPatio with sliding doorsSidewalk

Interior

Kitchen
DishwasherRangeRange hoodGarbage disposal
Bedrooms
3 bedrooms
Flooring
CarpetTile
Bathrooms
2 full bathrooms1 half bathroom
Heating & cooling
Central heatingCentral air conditioning
Interior features
Open floorplanStone countersThermostatWalk-in closet(s)ENERGY STAR qualified windows
Laundry & utility
Laundry closet on upper level

HOA detail $191/mo · $2,292/yr

Likely covers
pool

Listing history 50 events

  1. 2026-09-23
    days on market $227,057 Active 132 DOM
  2. 2026-09-22
    days on market $227,057 Active 131 DOM
  3. 2026-09-20
    days on market $227,057 Active 129 DOM
  4. 2026-09-19
    days on market $227,057 Active 128 DOM
  5. 2026-09-18
    pricedays on market $227,057 Active 127 DOM
  6. 2026-09-17
    days on market $249,427 Active 126 DOM
  7. 2026-09-16
    days on market $249,427 Active 125 DOM
  8. 2026-09-15
    days on market $249,427 Active 124 DOM
  9. 2026-09-14
    days on market $249,427 Active 123 DOM
  10. 2026-09-13
    days on market $249,427 Active 122 DOM
  11. 2026-09-12
    days on market $249,427 Active 121 DOM
  12. 2026-09-11
    days on market $249,427 Active 120 DOM
  13. 2026-09-05
    days on market $249,427 Active 114 DOM
  14. 2026-09-04
    days on market $249,427 Active 113 DOM
  15. 2026-09-03
    days on market $249,427 Active 112 DOM
  16. 2026-08-31
    days on market $249,427 Active 109 DOM
  17. 2026-08-30
    days on market $249,427 Active 108 DOM
  18. 2026-08-29
    days on market $249,427 Active 107 DOM
  19. 2026-08-28
    days on market $249,427 Active 106 DOM
  20. 2026-08-27
    days on market $249,427 Active 105 DOM
  21. 2026-08-26
    days on market $249,427 Active 104 DOM
  22. 2026-08-25
    days on market $249,427 Active 103 DOM
  23. 2026-08-24
    days on market $249,427 Active 102 DOM
  24. 2026-08-23
    days on market $249,427 Active 101 DOM
  25. 2026-08-22
    days on market $249,427 Active 100 DOM
  26. 2026-08-21
    days on market $249,427 Active 99 DOM
  27. 2026-08-20
    days on market $249,427 Active 98 DOM
  28. 2026-08-19
    days on market $249,427 Active 97 DOM
  29. 2026-08-18
    days on market $249,427 Active 96 DOM
  30. 2026-08-17
    days on market $249,427 Active 95 DOM
  31. 2026-08-16
    days on market $249,427 Active 94 DOM
  32. 2026-08-15
    days on market $249,427 Active 93 DOM
  33. 2026-08-14
    days on market $249,427 Active 92 DOM
  34. 2026-08-13
    days on market $249,427 Active 91 DOM
  35. 2026-08-12
    days on market $249,427 Active 90 DOM
  36. 2026-08-11
    days on market $249,427 Active 89 DOM
  37. 2026-08-10
    days on market $249,427 Active 88 DOM
  38. 2026-08-09
    days on market $249,427 Active 87 DOM
  39. 2026-08-08
    days on market $249,427 Active 86 DOM
  40. 2026-08-07
    days on market $249,427 Active 85 DOM
  41. 2026-08-06
    days on market $249,427 Active 84 DOM
  42. 2026-08-05
    days on market $249,427 Active 83 DOM
  43. 2026-08-04
    days on market $249,427 Active 82 DOM
  44. 2026-08-03
    days on market $249,427 Active 81 DOM
  45. 2026-07-31
    days on market $249,427 Active 78 DOM
  46. 2026-07-30
    days on market $249,427 Active 77 DOM
  47. 2026-07-30
    days on market $249,427 Active 76 DOM
  48. 2026-07-28
    days on market $249,427 Active 75 DOM
  49. 2026-07-26
    days on market $249,427 Active 73 DOM
  50. 2026-07-24
    days on market $249,427 Active 71 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
$907 · $76/mo
Projected year-2 tax
$1,885 · $157/mo
Expected delta
+$978/yr (+$81/mo · 107.8%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$23,410
− Mortgage interest
−$12,719
− Property taxes
−$907
− Insurance
−$1,135
− Repairs & maintenance
−$1,873
− Management
−$1,873
− HOA
−$2,292
− Depreciation
−$6,605
Taxable loss
−$3,994
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$959
After-tax cash flow
$830/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.

Condition & rehab AI · 1 photo

Good 75/100 Cosmetic rehab Est. rehab $7,785–$23,355 screening

This charming townhouse is in good condition with a good ROI potential for both resale and rental. It features an open floor plan, granite countertops, and a primary suite with a walk-in closet and connecting bath. The home is well-maintained and ready for a new owner.

Value-add opportunities

  • Both Painting — Fresh paint can enhance curb appeal and interior aesthetics
  • Both Landscaping — Enhanced landscaping can improve curb appeal and attract potential buyers
  • Both New flooring — Replacing worn-out flooring can improve the home's appearance and increase its value
  • Both New kitchen appliances — Upgrading to newer, more energy-efficient appliances can increase the home's value and appeal

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 32/100

Zoned Schools

Elementary Spook Hill Elementary School F FL #1,862/2,144 Nat'l #26,279/41,679 Middle Mclaughlin Academy Of Excellence F FL #437/571 Nat'l #8,059/14,009 High Winter Haven Senior High School F FL #415/667 Nat'l #10,416/17,239

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
C Composite livability gradescore 68/100

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
County
Polk County · 752,975 people
City population
30,351
Metro
Lakeland-Winter Haven, FL
Population (ZIP)
11,824
Household income
$57,760
Rent vs Own
28.5% rent · 71.5% own
Severe rent burden
14% of renters

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 (61%)
Race & ethnicity
White 61% Hispanic / Latino 25% Two or more races 13% Black 11%
Hispanic origin (detail)
Mexican 11% Puerto Rican 6% Cuban 1% Dominican 4%
Common ancestry
Lithuanian 2% Romanian 1% Serbian 1%
Foreign-born
10% · Canada
Languages at home
79% English-only · Spanish 19% 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

Price history

-2.0% since first listed
3 events — show timeline
  • 2026-05-14 Listed $249,427 Stellar MLS as Distributed by MLS Grid
  • 2026-04-15 Price Changed $249,427 Zillow
  • 2026-04-03 Listed $254,427 Zillow

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…