710 Impala Rd · Lake Alfred, FL 33850

$319,940

4 bd · 2.0 ba · 1,607 sqft · Land · 120 Days on market

Built 2025 5,500 sqft lot $29/mo HOA · 1% of rent ↓ 3% since listing

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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 +8.0/30.0
• ARV discount +7.5/15.0
• Livability +3.6/5.0
• Schools +3.5/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +2.0/10.0
• 1% rule +1.9/10.0
• Appreciation +0.0/10.0

Listing remarks

Brand new, energy-efficient home available NOW! An open floorplan that makes entertaining easy in the open kitchen, dining, and great room that flow to the patio. The primary suite is tucked in the rear of the home offering plenty of privacy and features a spacious walk-in closet and shower. Now selling from the high $200s, Springs at Lake Alfred offers new single-family homes in Polk County. This community is conveniently located right off of I-4 and will feature an abundance of amenities including a pool and cabana, walking trails, a sports field, parks, and a tot lot. Right down the road, Downtown Auburndale features a beautiful city park, playground, and local eateries. Each of our home

Key facts

• Community amenities
• Open floorplan
• Walking trails

Tags

• ENERGY EFFICIENT HOME
• OPEN FLOORPLAN
• SPACIOUS WALK IN CLOSET
• COMMUNITY AMENITIES
• WALKING TRAILS

Property features AI

Finance

• Other: Home warranty included; Builder: Meritage Homes (License CGC1516367); Builder model: Acadia; Living area source: Builder; Green/energy features: energy-efficient appliances, HVAC, insulation, lighting, thermostat, windows; low-flow fixtures; indoor air quality features (MERV-rated filters, low/no-VOC flooring and paints)
• Financial info: No lease restrictions indicated; Other annual assessment $2,591
• HOA & community: HOA required (Springs at Lake Alfred Homeowners Association, Inc.); Annual association fee $350 (approx. $29.17/month); HOA covers grounds maintenance and other services; Community amenities: clubhouse, pool, park, playground, pickleball courts, sidewalks, street lights, association-owned recreation, deed restrictions; Pets allowed

Exterior

• Parking: Attached 2-car garage (20x20) with garage door opener; Driveway
• Security: Owned security system; Smoke detectors
• Utilities: Public water; Public sewer; Electricity connected; Sewer connected; Water connected; BB/HS Internet available; Cable available; Phone available; Fire hydrant access; Underground utilities; Sprinkler uses recycled water
• Home design: Single family residence; One story; Completed new construction (Meritage Homes, Acadia model); Southeast facing
• Construction: Block and stucco construction; Shingle roof; Slab foundation; New construction
• Exterior features: Covered front porch and patio; Lighting; Rain gutters; Sidewalk; Sliding doors; Vinyl fencing; Irrigation equipment; Florida-friendly/native landscaping; Private maintained asphalt road

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Range; Refrigerator; Electric water heater
• Bedrooms: 4 bedrooms
• Flooring: Carpet; Ceramic tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating with heat pump; Humidity control
• Interior features: Open floorplan with kitchen/family room combo; Eat-in kitchen; Split-bedroom layout; Stone counters; Thermostat; Walk-in closets; ENERGY STAR qualified windows
• Laundry & utility: Laundry room inside; Inside utility/Great Room adjacency noted

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath land listed at $320k.

Deal economics

• At list price, monthly cash flow is $-330 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $262k (18.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $222k (30.5% below list).
• Recommended offer: $222k (30.5% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 72/100 on livability (#363 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, 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: Lake Alfred Elementary School (math 43% / reading 41%, grade F, #1,403 of 2,144 statewide, top 67%, 821 students, 49% FRL); Lake Alfred Polytech Academy (math 41% / reading 43%, grade D-, #340 of 571 statewide, top 61%, 645 students, 59% FRL); Auburndale Senior High School (math 25% / reading 31%, grade F, #464 of 667 statewide, top 70%, 1,716 students, 53% FRL).
• Market conditions: 279 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 10,384 units permitted in Polk County in 2024 (1,716 in 5+ unit buildings).
• This rent runs 43% of the median local income ($62k/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 $10k 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 120 days — a 9% lower offer ($291k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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.

Recommended offer $222,244 (30.5% 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 120 days. Have you received any prior offers? Is the seller open to a 31% 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: 0.69% ✗
• Cap rate: 5.06%
• Cash-on-cash: -4.41%
• DSCR: 0.80
• GRM: 12.0

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: -23.8%
• Equity multiple: 0.19×
• Total profit: $-72,879
• Equity at exit: $47,704

10-year hold

• IRR: -18.9%
• Equity multiple: -0.01×
• Total profit: $-90,668
• Equity at exit: $27,663

Cash invested: $89,583 (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 33850

• Home prices YoY: -8.5%
• Active inventory: 279
• Price-to-rent: 12.0×

Monthly cashflow live

• Estimated rent: $2,222 medium
• Mortgage (P&I): −$1,678
• Tax from tax record: −$245 /mo · $2,942/yr
• Insurance: −$133
• HOA: −$29
• Vacancy / Maint / Mgmt: −$467
• Net cashflow: $-330

Break-even live

Break-even rent $2,640

Max offer price $261,719

Occupancy floor —

Sensitivity live

Price	-10% $-148	-5% $-239	+0% $-330	+5% $-420	+10% $-511
Rent	-10% $-505	-5% $-417	+0% $-330	+5% $-242	+10% $-154
Rate	-1.0pp $-168	-0.5pp $-248	base $-330	+0.5pp $-412	+1.0pp $-497

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: $79,985
• Closing costs: $9,598
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
520 Kennedy Dr Lake Alfred, FL	4.0	2.0	1600	$2,250	$1.41	25d	1	0.15mi

HOA detail

• Monthly dues: $29 · $348/yr
• Likely covers: pool

Listing history 11 events

1. 2026-05-21
   status Pending
2. 2026-05-18
   price $319,940
3. 2026-05-05
   price $311,950
4. 2026-05-01
   status Active
5. 2026-04-17
   status Pending
6. 2026-04-15
   price $309,950
7. 2026-04-02
   price $309,990
8. 2026-03-21
   price $319,990
9. 2026-03-03
   price $321,980
10. 2026-02-25
    price $317,660
11. 2026-01-07
    listed $329,980 Active

ⓘ 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: $2,942 · $245/mo
• Projected year-2 tax: $2,942 · $245/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Taxation est. · year 1

• Rental income: $26,669
• − Mortgage interest: −$17,922
• − Property taxes: −$2,942
• − Insurance: −$1,600
• − Repairs & maintenance: −$2,134
• − Management: −$2,134
• − HOA: −$348
• − Depreciation: −$9,307
• Taxable loss: −$9,717
• Est. tax savings @ 24.0%: +$2,332
• After-tax cash flow: $-1,623/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 Alfred

• Score: 72/100
• State rank: #363
• US rank: #6406

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lake Alfred, FL
• County: Polk County · 740,051 people
• City population: 9,757
• Metro: Lakeland-Winter Haven, FL
• Population (ZIP): 9,757
• Household income: $61,622
• Rent vs Own: 27.2% rent · 72.8% own
• Severe rent burden: 431.0

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 0.63)
• Race & ethnicity: White 54% Hispanic / Latino 24% Black 11% Asian 9% Two or more races 8%
• Hispanic origin (detail): Mexican 3% Puerto Rican 15% Dominican 2%
• Common ancestry: Lithuanian 2% Italian 2% Romanian 1%
• Foreign-born: 15% · Canada, China
• Languages at home: 72% English-only · Spanish 21% Other Asian/Pacific 2% Other Indo-European 2%

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: ▼ -32.91%
• Current HPI: 353.941
• Rent YoY: —
• 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

-3.0% since first listed

11 events — show timeline

• 2026-05-21 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-05-18 Price Changed $319,940 Stellar MLS as Distributed by MLS Grid
• 2026-05-05 Price Changed $311,950 Stellar MLS as Distributed by MLS Grid
• 2026-05-01 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-04-17 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-15 Price Changed $309,950 Stellar MLS as Distributed by MLS Grid
• 2026-04-02 Price Changed $309,990 Stellar MLS as Distributed by MLS Grid
• 2026-03-21 Price Changed $319,990 Stellar MLS as Distributed by MLS Grid
• 2026-03-03 Price Changed $321,980 Stellar MLS as Distributed by MLS Grid
• 2026-02-25 Price Changed $317,660 Stellar MLS as Distributed by MLS Grid
• 2026-01-07 Listed $329,980 Stellar MLS as Distributed by MLS Grid