521 Oak Rdg E · Crystal Lake, FL 33801

$179,000

3 bd · 2.0 ba · 1,440 sqft · Manufactured public records · 133 Days on market

Built 1975 6,390 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 +25.7/30.0
• DSCR +8.6/10.0
• ARV discount +7.5/15.0
• 1% rule +6.6/10.0
• 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 MLS

Welcome to this charming two bedroom, two bathroom mobile home with a bonus room located in a quiet and family friendly neighborhood. This is the perfect starter home or for someone looking for a second Florida home. This home features a spacious living area plus an additional family room, as well as a Florida room that can be used for entertaining, a cozy kitchen with plenty of storage space, a designated dining area, and a bonus room that can be used as an additional bedroom, office, or den. The master bedroom boasts a private ensuite bathroom with a walk-in shower and garden tub, as well as plenty of closet space. The second bedroom allows more space for guests, with a walk-in closet. Outside, you'll find a covered carport with plenty of parking space, and a storage shed. Best of all, there is NO LOT RENT and NO HOA, making this an affordable and low-maintenance option. Don't miss out on this opportunity to own your own piece of paradise without the extra fees. Schedule a showing today and make this mobile home your own!

Key facts

• Open floor plan
• Kitchen upgrades
• Large island

Tags

• OPEN FLOOR PLAN
• DEDICATED OFFICE SPACE
• NEW VINYL FLOORING
• KITCHEN UPGRADES
• LARGE ISLAND
• DEDICATED DINING SPACE

Property features AI

Finance

• Other: Lot approximately 0.15 acre (about 594 sqm); Asphalt road access
• HOA & community: No HOA/association indicated; Pets allowed

Exterior

• Parking: Carport with 2 spaces
• Utilities: Public water; Public sewer; Electricity available and connected; Cable available and connected; Broadband/high-speed internet available
• Home design: Mobile home (double wide); One story; Faces east
• Construction: Vinyl siding; Shingle roof; Crawlspace foundation; Built as a double wide mobile home
• Exterior features: Covered patio/porch; Private mailbox; Shed(s)

Interior

• Kitchen: Range; Refrigerator; Electric water heater
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Open floorplan; Thermostat
• Laundry & utility: Inside laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $179k.

Deal economics

• At list price, monthly cash flow is $432 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $179k).
• Recommended offer: $158k (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: schools C-, 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 (+1.1%/yr); 253 active listings in the ZIP; 5 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).
• At $2,084/mo this rent would consume 47% of the median local household income ($53k/yr) (locally 1291% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k 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 133 days — a 12% lower offer ($158k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y ago; this cycle's ask has dropped $41k (19%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $128k; 40% above their basis — modest negotiation headroom, anchor on the comps not their cost.

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 $157,520 (12.0% below list)

Questions for the listing agent

1. It's been on market 133 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1975 — 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. 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: 1.16% ✓
• Cap rate: 9.19%
• Cash-on-cash: 10.33%
• DSCR: 1.46
• GRM: 7.2

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: -3.0%
• Equity multiple: 0.89×
• Total profit: $-5,514
• Equity at exit: $26,689

10-year hold

• IRR: 4.4%
• Equity multiple: 1.30×
• Total profit: $14,833
• Equity at exit: $15,477

Cash invested: $50,120 (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: 253
• Price-to-rent: 7.2×

Monthly cashflow live

• Estimated rent: $2,084 high
• Mortgage (P&I): −$939
• Tax from tax record: −$202 /mo · $2,423/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$438
• Net cashflow: $432

Break-even live

Break-even rent $1,538

Max offer price $179,000

Occupancy floor 74%

Sensitivity live

Price	-10% $533	-5% $482	+0% $432	+5% $381	+10% $330
Rent	-10% $267	-5% $349	+0% $432	+5% $514	+10% $596
Rate	-1.0pp $522	-0.5pp $477	base $432	+0.5pp $385	+1.0pp $338

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: $44,750
• Closing costs: $5,370
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
521 Skyline Dr E Lakeland, FL	3.0	2.0	1260	$2,300	$1.83	4d	1	0.08mi
210 Josh Reynolds Rd Lakeland, FL	3.0	2.0	1543	$2,100	$1.36	15d	1	1.04mi
2839 8 Iron Dr Unit 2841 Lakeland, FL	2.0	1.5	900	$1,397	$1.55	24d	1	1.16mi
1803 Venus St Lakeland, FL	3.0	2.0	1259	$1,645	$1.31	4d	1	1.36mi
3321 Peachtree Hill Rd Lakeland, FL	3.0	2.0	960	$1,475	$1.54	15d	1	1.41mi

Listing history 25 events

1. 2026-06-18
   days on market $179,000 Active 133 DOM
2. 2026-06-17
   days on market $179,000 Active 132 DOM
3. 2026-06-16
   days on market $179,000 Active 131 DOM
4. 2026-06-15
   days on market $179,000 Active 130 DOM
5. 2026-06-13
   pricedays on market $179,000 Active 128 DOM
6. 2026-06-10
   days on market $188,999 Active 125 DOM
7. 2026-06-09
   days on market $188,999 Active 124 DOM
8. 2026-06-08
   days on market $188,999 Active 123 DOM
9. 2026-06-07
   pricedays on market $188,999 Active 122 DOM
10. 2026-06-05
    days on market $189,000 Active 119 DOM
11. 2026-06-03
    days on market $189,000 Active 117 DOM
12. 2026-06-01
    days on market $189,000 Active 116 DOM
13. 2026-05-31
    days on market $189,000 Active 115 DOM
14. 2026-05-04
    price $189,000
15. 2026-04-26
    price $195,000
16. 2026-04-09
    price $199,998
17. 2026-03-20
    price $199,999
18. 2026-02-18
    price $209,999
19. 2026-02-05
    listed $220,000 Active
20. 2024-03-08
    soldstatus $128,000
21. 2024-03-06
    soldstatus $128,000 Closed 1039-char remark

    Show marketing remark (1039 chars)

    Welcome to this charming two bedroom, two bathroom mobile home with a bonus room located in a quiet and family friendly neighborhood. This is the perfect starter home or for someone looking for a second Florida home. This home features a spacious living area plus an additional family room, as well as a Florida room that can be used for entertaining, a cozy kitchen with plenty of storage space, a designated dining area, and a bonus room that can be used as an additional bedroom, office, or den. The master bedroom boasts a private ensuite bathroom with a walk-in shower and garden tub, as well as plenty of closet space. The second bedroom allows more space for guests, with a walk-in closet. Outside, you'll find a covered carport with plenty of parking space, and a storage shed. Best of all, there is NO LOT RENT and NO HOA, making this an affordable and low-maintenance option. Don't miss out on this opportunity to own your own piece of paradise without the extra fees. Schedule a showing today and make this mobile home your own!

22. 2024-02-16
    status Pending 1039-char remark

    Show marketing remark (1039 chars)

    Welcome to this charming two bedroom, two bathroom mobile home with a bonus room located in a quiet and family friendly neighborhood. This is the perfect starter home or for someone looking for a second Florida home. This home features a spacious living area plus an additional family room, as well as a Florida room that can be used for entertaining, a cozy kitchen with plenty of storage space, a designated dining area, and a bonus room that can be used as an additional bedroom, office, or den. The master bedroom boasts a private ensuite bathroom with a walk-in shower and garden tub, as well as plenty of closet space. The second bedroom allows more space for guests, with a walk-in closet. Outside, you'll find a covered carport with plenty of parking space, and a storage shed. Best of all, there is NO LOT RENT and NO HOA, making this an affordable and low-maintenance option. Don't miss out on this opportunity to own your own piece of paradise without the extra fees. Schedule a showing today and make this mobile home your own!

23. 2024-02-06
    listed $130,000 Active 1039-char remark

    Show marketing remark (1039 chars)

    Welcome to this charming two bedroom, two bathroom mobile home with a bonus room located in a quiet and family friendly neighborhood. This is the perfect starter home or for someone looking for a second Florida home. This home features a spacious living area plus an additional family room, as well as a Florida room that can be used for entertaining, a cozy kitchen with plenty of storage space, a designated dining area, and a bonus room that can be used as an additional bedroom, office, or den. The master bedroom boasts a private ensuite bathroom with a walk-in shower and garden tub, as well as plenty of closet space. The second bedroom allows more space for guests, with a walk-in closet. Outside, you'll find a covered carport with plenty of parking space, and a storage shed. Best of all, there is NO LOT RENT and NO HOA, making this an affordable and low-maintenance option. Don't miss out on this opportunity to own your own piece of paradise without the extra fees. Schedule a showing today and make this mobile home your own!

24. 1999-07-07
    soldstatus $40,000
25. 1990-03-01
    soldstatus $45,000

ⓘ 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: $2,423 · $202/mo
• Projected year-2 tax: $2,423 · $202/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 ≥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 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,013
• − Mortgage interest: −$10,027
• − Property taxes: −$2,423
• − Insurance: −$895
• − Repairs & maintenance: −$2,001
• − Management: −$2,001
• − Depreciation: −$5,207
• Taxable income: $2,459
• Est. tax owed @ 24.0%: −$590
• After-tax cash flow: $4,588/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

+320.0% since first listed

12 events — show timeline

• 2026-05-04 Price Changed $189,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-26 Price Changed $195,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-09 Price Changed $199,998 Stellar MLS as Distributed by MLS Grid
• 2026-03-20 Price Changed $199,999 Stellar MLS as Distributed by MLS Grid
• 2026-02-18 Price Changed $209,999 Stellar MLS as Distributed by MLS Grid
• 2026-02-05 Listed $220,000 Stellar MLS as Distributed by MLS Grid
• 2024-03-08 Sold (Public Records) $128,000 Public Records
• 2024-03-06 Sold (MLS) $128,000 Stellar MLS as Distributed by MLS Grid
• 2024-02-16 Pending — Stellar MLS as Distributed by MLS Grid
• 2024-02-06 Listed $130,000 Stellar MLS as Distributed by MLS Grid
• 1999-07-07 Sold (Public Records) $40,000 Public Records
• 1990-03-01 Sold (Public Records) $45,000 Public Records

Property tax history

+27.5%/yr

Latest (2025): $2,423 · +6.3% YoY. Source: county tax records.