5035 Lodgewood Dr · Lakeland, FL 33810

$165,000

2 bd · 2.0 ba · 1,352 sqft · Manufactured public records · 9 Days on market

Manufactured home Built 1986 6,747 sqft lot $80/mo HOA · 6% of rent

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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 +8.3/30.0
• ARV discount +7.5/15.0
• Livability +3.9/5.0
• Schools +3.5/10.0
• 1% rule +3.2/10.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• DSCR +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks

Located on a corner lot, your new home awaits in the desirable Foxwood Lake Estates! Residents benefit from a range of amenities, including a clubhouse, swimming pool, and fitness center. Conveniently situated off US 98 in Lakeland, this home is just minutes from I-4, shopping, dining, and many other amenities! The community features low HOA fees and is tailored for residents aged 55 and older. Home features 2 spacious bedrooms, 2 baths, large living and dining areas, and utility shed for storage! New roof and new windows within the last 5 years! Ready for your personal touch, schedule a showing today!

Key facts

• Fitness center
• Sauna
• Billiards room

Tags

• LARGE CLUBHOUSE
• GAME ROOM
• BILLIARDS ROOM
• SAUNA
• FITNESS CENTER
• LIBRARY

Property features AI

Finance

• Other: Furnished; Total living area reported as 1,352 square feet; Lot size about 0.15 acre (approximately 627 m²)
• Financial info: Lease restrictions apply
• HOA & community: Homeowners association with required approval; Monthly HOA approximately $80.67 (annually $968); Association amenities: clubhouse, fitness center, pool, recreation facilities, spa/hot tub, tennis courts; Senior community; Pets allowed

Exterior

• Parking: Carport with 1 space
• Utilities: Public water; Public sewer; Electricity connected; Water connected; Sewer connected
• Home design: Manufactured single-wide home; One story; Faces south
• Construction: Vinyl siding; Shingle roof; Built on slab foundation
• Exterior features: Outdoor lighting; Asphalt road access

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Slab foundation (utility)
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Kitchen and family room combined; Walk-in closets; Washer and dryer included; Electric water heater; Microwave; Range; Refrigerator; Dishwasher
• Laundry & utility: Washer hookup; Washer; Dryer

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $165k.

Deal economics

• At list price, monthly cash flow is $-150 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $143k (13.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $136k (17.9% below list).
• Recommended offer: $136k (17.9% 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: Sleepy Hill Elementary School (math 44% / reading 38%, grade F, #1,454 of 2,144 statewide, top 69%, 739 students, 66% FRL); Sleepy Hill Middle School (math 29% / reading 34%, grade F, #453 of 571 statewide, top 81%, 1,090 students, 66% FRL); Kathleen Senior High School (math 19% / reading 31%, grade F, #501 of 667 statewide, top 75%, 2,051 students, 59% FRL) — zoned schools at 64% FRL track the district average.
• Market conditions: Rents rising (+2.8%/yr); 511 active listings in the ZIP; 25 comparable units currently listed for rent nearby; rentals at typical pace (median 17d on market — plan ~3-4 weeks tenant-placement turnaround); 10,384 units permitted in Polk County in 2024 (1,716 in 5+ unit buildings).

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

• Only 9 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $50k; list at $165k implies a 233% 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→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $135,519 (17.9% 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. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 0.82% ✗
• Cap rate: 5.20%
• Cash-on-cash: -3.89%
• DSCR: 0.83
• GRM: 10.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.78% rent growth · sell at horizon

5-year hold

• IRR: -23.0%
• Equity multiple: 0.21×
• Total profit: $-36,500
• Equity at exit: $24,602

10-year hold

• IRR: -18.1%
• Equity multiple: 0.03×
• Total profit: $-44,999
• Equity at exit: $14,266

Cash invested: $46,200 (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 33810

• Rents YoY: 2.8%
• Active inventory: 511
• Price-to-rent: 10.1×

Monthly cashflow live

• Estimated rent: $1,355 high
• Mortgage (P&I): −$865
• Tax est. 1.5%: −$206 /mo · $2,475/yr
• Insurance: −$69
• HOA: −$80
• Lot rent leased land?: −$0
• Vacancy / Maint / Mgmt: −$285
• Net cashflow: $-150

Break-even live

Break-even rent $1,545

Max offer price $143,341

Occupancy floor —

Sensitivity live

Price	-10% $-36	-5% $-93	+0% $-150	+5% $-207	+10% $-264
Rent	-10% $-257	-5% $-203	+0% $-150	+5% $-96	+10% $-43
Rate	-1.0pp $-67	-0.5pp $-108	base $-150	+0.5pp $-192	+1.0pp $-236

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: $41,250
• Closing costs: $4,950
• Reserves months: —
• Total cash needed: —

Rent comps 25 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5227 Grace St E Lakeland, FL	3.0	2.0	1062	$1,775	$1.67	25d	1	0.24mi
907 Swann Dr Lakeland, FL	3.0	3.0	1601	$1,960	$1.22	16d	1	0.46mi
6120 Burnett St Lakeland, FL	1.0–3.0	1.0–2.0	1002	$1,910	$1.91	5d	21	0.63mi
5233 US Highway 98 N Lakeland, FL	1.0–2.0	1.0–2.0	794	$1,505	$1.89	5d	15	0.66mi
909 Shirley Ann Trl Lakeland, FL	2.0	2.0	950	$1,460	$1.54	25d	1	0.81mi
6032 Norton Rd Unit 6032 Lakeland, FL	2.0	2.0	880	$1,295	$1.47	25d	1	0.91mi
4500 Williamstown Blvd Lakeland, FL	3.0	1.0–2.0	1062	$1,508	$1.42	25d	1	0.95mi
1510 Galloway Oaks Dr Lakeland, FL	2.0–3.0	2.0	1066	$1,376	$1.29	23d	8	0.97mi
6031 Crafton Dr Lakeland, FL	2.0	1.0	914	$1,125	$1.23	16d	1	0.97mi
1545 Kennedy Blvd Lakeland, FL	1.0–3.0	1.0–2.0	997	$1,682	$1.69	5d	24	1.09mi
4240 Summer Landing Dr #106 Lakeland, FL	3.0	2.0	1038	$1,700	$1.64	25d	1	1.12mi
4240 Summer Landing Dr Lakeland, FL	2.0–3.0	2.0	1083	$1,450	$1.34	16d	2	1.13mi
6131 Doe Cir E Lakeland, FL	3.0	2.0	1353	$1,700	$1.26	16d	1	1.15mi
5817 Daughtery Downs Loop Lakeland, FL	3.0	2.0	1609	$1,800	$1.12	16d	1	1.22mi
5817 Daughtery Downs Loop Lakeland, FL	3.0	2.0	1609	$1,800	$1.12	25d	1	1.22mi
5818 Bambi Dr Lakeland, FL	3.0	2.0	1401	$2,200	$1.57	25d	1	1.34mi
733 Carpenters Way #37 Lakeland, FL	2.0	1.5	1307	$1,400	$1.07	21d	1	1.37mi
4083 Dover Terrace Dr Unit 4083 Lakeland, FL	3.0	2.5	1771	$1,975	$1.12	25d	1	1.40mi
3867 Hampstead Ln Lakeland, FL	3.0	2.5	1633	$1,795	$1.10	5d	1	1.45mi
3805 Exeter Ln Lakeland, FL	3.0	2.5	1771	$1,900	$1.07	16d	1	1.48mi
3824 Exeter Ln Lakeland, FL	3.0	2.5	1771	$1,795	$1.01	5d	1	1.49mi
124 Rosalynn Cir Lakeland, FL	2.0	2.0	1033	$1,550	$1.50	5d	1	1.49mi
4111 Solamor St Lakeland, FL	3.0	2.0	1619	$2,400	$1.48	16d	1	1.49mi
114 Rosalynn Cir Lakeland, FL	2.0	2.0	1033	$1,450	$1.40	25d	1	1.50mi
4048 Chelsea Ln Lakeland, FL	3.0	2.0	1697	$2,320	$1.37	5d	1	1.50mi

HOA detail

• Monthly dues: $80 · $960/yr
• Likely covers: poolgym

Listing history 8 events

1. 2026-06-22
   days on market $165,000 Active 9 DOM
2. 2026-06-18
   days on market $165,000 Active 6 DOM
3. 2026-06-17
   remarks 609-char remark
4. 2026-06-17
   days on market $165,000 Active 5 DOM
5. 2026-06-16
   days on market $165,000 Active 4 DOM
6. 2026-06-15
   days on market $165,000 Active 3 DOM
7. 2026-06-13
   remarks 419-char remark
8. 2026-06-13
   listed $165,000 Active 1 DOM

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥108°F today · 24 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 · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,262
• − Mortgage interest: −$9,243
• − Property taxes: −$2,475
• − Insurance: −$825
• − Repairs & maintenance: −$1,301
• − Management: −$1,301
• − HOA: −$960
• − Depreciation: −$4,800
• Taxable loss: −$4,642
• Est. tax savings @ 24.0%: +$1,114
• After-tax cash flow: $-682/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): 55,137
• Household income: $69,986
• Rent vs Own: 23.3% rent · 76.7% own
• Severe rent burden: 1208.0

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 59% Hispanic / Latino 23% Black 12% Two or more races 10% Asian 2%
• Hispanic origin (detail): Mexican 5% Puerto Rican 9% Cuban 5%
• Common ancestry: Italian 2% Lithuanian 2% Slovak 1%
• Foreign-born: 9% · Canada, Jamaica
• Languages at home: 79% English-only · Spanish 17% 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: ▼ -194.94%
• Current HPI: 320.7366
• Rent YoY: ▲ 2.78%
• 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

+233.3% since first listed

2 events — show timeline

• 2026-06-12 Listed $165,000 Stellar MLS as Distributed by MLS Grid
• 1990-04-01 Sold (Public Records) $49,500 Public Records

Property tax history

-0.2%/yr

Latest (2025): $158 · +5.7% YoY. Source: county tax records.