4228 Cedarwood St · Jan Phyl Village, FL 33880

$118,000

2 bd · 2.0 ba · 1,104 sqft · Manufactured public records · 136 Days on market

Built 1980 3,681 sqft lot $163/mo HOA · 11% of rent

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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 +24.9/30.0
• DSCR +8.1/10.0
• 1% rule +8.0/10.0
• ARV discount +7.5/15.0
• Schools +3.5/10.0
• Rent growth +3.1/5.0
• Livability +3.1/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Located right down from one of Oakwood's beautiful club houses, pool and tennis. This home is all ready for you to spend those winters in Florida or as your full time residence. This home comes furnished and all you need to bring is your personal items . Home is located with in a 55 plus gated five star park. With activities to keep you busy or just be as laid back as you wish. Community consist of two heated pools, two club houses, shuffle board, fishing pier, bocce ball, pickle ball, horse shoes, miniature golf, tennis plus numerouis clubs you can join golfing, crafting, quilting plus much more.

Key facts

• Upgraded bathroom
• Vinyl flooring
• New plumbing

Tags

• VINYL FLOORING
• NEWER WINDOWS
• UPGRADED BATHROOM
• NEW PLUMBING
• NEW WATER HEATER
• NEW WASHING MACHINE

Property features AI

Finance

• Other: Furnished; Directions available
• Financial info: Total monthly fees: $163.11; Total annual fees: $1,957.32
• HOA & community: Has HOA (monthly fee $163.11) — fee includes trash and water; Association amenities: Clubhouse, Gated community, Pool, Shuffleboard court, Tennis court(s); Community features: Buyer approval required, Deed restrictions, Golf carts allowed, Senior community, Pets allowed

Exterior

• Parking: Carport with 2 spaces
• Utilities: Public water; Public sewer; Electricity connected; Sewer connected
• Home design: Residential manufactured double wide; One story; Faces north
• Construction: Metal frame construction; Shingle roof; Crawlspace foundation; Approx. built area 1,104 square feet
• Exterior features: Rain gutters; Sliding doors; Fishing pier (water extras)

Interior

• Kitchen: Built-in oven; Cooktop; Range hood; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Thermostat; Walk-in closet(s); Total of 6 rooms
• Laundry & utility: Washer; Dryer; Electric water heater; Laundry features: Other

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $118k.

Deal economics

• At list price, monthly cash flow is $254 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $118k).
• Recommended offer: $104k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 62/100 on livability (#769 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: employment D+, schools F, amenities 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 (+2.5%/yr); 341 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals at typical pace (median 14d 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 33% of the median local income ($56k/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 $816 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.

Negotiation context

• It's been on market 136 days — a 12% lower offer ($104k) is reasonable based on typical stale-listing flexibility.
• 2 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 $50k; list at $118k implies a 136% 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; moderate wildfire risk; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $103,840 (12.0% below list)

Questions for the listing agent

1. It's been on market 136 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. 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.
7. 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.
8. 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: 1.30% ✓
• Cap rate: 8.87%
• Cash-on-cash: 9.22%
• DSCR: 1.41
• GRM: 6.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.47% rent growth · sell at horizon

5-year hold

• IRR: -3.0%
• Equity multiple: 0.89×
• Total profit: $-3,656
• Equity at exit: $17,594

10-year hold

• IRR: 6.1%
• Equity multiple: 1.45×
• Total profit: $14,781
• Equity at exit: $10,202

Cash invested: $33,040 (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 33880

• Home prices YoY: -16.2%
• Rents YoY: 2.5%
• Active inventory: 341
• Price-to-rent: 6.4×

Monthly cashflow live

• Estimated rent: $1,536 high
• Mortgage (P&I): −$619
• Tax from tax record: −$128 /mo · $1,540/yr
• Insurance: −$49
• HOA: −$163
• Vacancy / Maint / Mgmt: −$322
• Net cashflow: $254

Break-even live

Break-even rent $1,214

Max offer price $118,000

Occupancy floor 78%

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: $29,500
• Closing costs: $3,540
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
449 Red Hawk Loop Winter Haven, FL	3.0	2.0	1109	$1,581	$1.43	3d	1	0.80mi
3320 Timberline Rd W Winter Haven, FL	3.0	2.0	1316	$1,735	$1.32	3d	1	0.85mi
3039 Saint Paul Dr Jan Phyl Village, FL	2.0	1.0	864	$1,175	$1.36	3d	1	0.88mi
3074 St Paul Dr Jan Phyl Village, FL	2.0	1.0	860	$1,149	$1.34	14d	1	0.89mi
3060 Saint Paul Dr Jan Phyl Village, FL	2.0	1.0	762	$1,373	$1.80	23d	1	0.92mi
3062 Saint Paul Dr Jan Phyl Village, FL	2.0	1.0	1100	$1,323	$1.20	3d	1	0.92mi
1059 Spirit Lake Rd Winter Haven, FL	2.0	1.0	900	$1,378	$1.53	23d	1	1.03mi
267 Lake Thomas Dr Winter Haven, FL	2.0	2.0	1033	$1,800	$1.74	23d	1	1.04mi
108 Brad Cir Winter Haven, FL	3.0	2.0	1325	$1,720	$1.30	23d	1	1.13mi

HOA detail

• Monthly dues: $163 · $1,956/yr
• Likely covers: poolsecurity

Listing history 18 events

1. 2026-06-18
   days on market $118,000 Active 136 DOM
2. 2026-06-17
   days on market $118,000 Active 135 DOM
3. 2026-06-16
   days on market $118,000 Active 134 DOM
4. 2026-06-15
   days on market $118,000 Active 133 DOM
5. 2026-06-13
   days on market $118,000 Active 131 DOM
6. 2026-06-10
   days on market $118,000 Active 128 DOM
7. 2026-06-09
   days on market $118,000 Active 127 DOM
8. 2026-06-08
   days on market $118,000 Active 126 DOM
9. 2026-06-07
   days on market $118,000 Active 125 DOM
10. 2026-06-05
    days on market $118,000 Active 122 DOM
11. 2026-06-03
    days on market $118,000 Active 120 DOM
12. 2026-06-01
    days on market $118,000 Active 119 DOM
13. 2026-05-31
    days on market $118,000 Active 118 DOM
14. 2026-02-02
    listed $118,000 Active
15. 2016-12-14
    soldstatus $50,000 Sold 604-char remark

    Show marketing remark (604 chars)

    Located right down from one of Oakwood's beautiful club houses, pool and tennis. This home is all ready for you to spend those winters in Florida or as your full time residence. This home comes furnished and all you need to bring is your personal items . Home is located with in a 55 plus gated five star park. With activities to keep you busy or just be as laid back as you wish. Community consist of two heated pools, two club houses, shuffle board, fishing pier, bocce ball, pickle ball, horse shoes, miniature golf, tennis plus numerouis clubs you can join golfing, crafting, quilting plus much more.

16. 2016-11-15
    status Pending 604-char remark

    Show marketing remark (604 chars)

    Located right down from one of Oakwood's beautiful club houses, pool and tennis. This home is all ready for you to spend those winters in Florida or as your full time residence. This home comes furnished and all you need to bring is your personal items . Home is located with in a 55 plus gated five star park. With activities to keep you busy or just be as laid back as you wish. Community consist of two heated pools, two club houses, shuffle board, fishing pier, bocce ball, pickle ball, horse shoes, miniature golf, tennis plus numerouis clubs you can join golfing, crafting, quilting plus much more.

17. 2016-11-09
    listed $51,900 Active 604-char remark

    Show marketing remark (604 chars)

    Located right down from one of Oakwood's beautiful club houses, pool and tennis. This home is all ready for you to spend those winters in Florida or as your full time residence. This home comes furnished and all you need to bring is your personal items . Home is located with in a 55 plus gated five star park. With activities to keep you busy or just be as laid back as you wish. Community consist of two heated pools, two club houses, shuffle board, fishing pier, bocce ball, pickle ball, horse shoes, miniature golf, tennis plus numerouis clubs you can join golfing, crafting, quilting plus much more.

18. 1996-10-08
    soldstatus $42,000

ⓘ 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: $1,540 · $128/mo
• Projected year-2 tax: $1,540 · $128/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 5/10 Major
• 🌡 Heat 8/10 Severe 7 d/yr ≥107°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 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,428
• − Mortgage interest: −$6,610
• − Property taxes: −$1,540
• − Insurance: −$590
• − Repairs & maintenance: −$1,474
• − Management: −$1,474
• − HOA: −$1,956
• − Depreciation: −$3,433
• Taxable income: $1,351
• Est. tax owed @ 24.0%: −$324
• After-tax cash flow: $2,722/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 — Jan Phyl Village

• Score: 62/100
• State rank: #769
• US rank: #17294

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

• County: Polk County · 740,051 people
• Metro: Lakeland-Winter Haven, FL
• Population (ZIP): 43,371
• Household income: $56,390
• Rent vs Own: 33.4% rent · 66.6% own
• Severe rent burden: 1412.0

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 0.65)
• Race & ethnicity: White 49% Hispanic / Latino 27% Black 17% Two or more races 14% Asian 1%
• Hispanic origin (detail): Mexican 11% Puerto Rican 10% Cuban 2%
• Common ancestry: Hispanic 2% Lithuanian 1% Italian 1%
• Foreign-born: 9% · Canada, Jamaica
• Languages at home: 74% English-only · Spanish 21% French/Haitian/Cajun 4%

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: ▼ -61.41%
• Current HPI: 317.8788
• Rent YoY: ▲ 2.47%
• 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

+181.0% since first listed

5 events — show timeline

• 2026-02-02 Listed $118,000 Stellar MLS as Distributed by MLS Grid
• 2016-12-14 Sold (MLS) $50,000 Stellar MLS as Distributed by MLS Grid
• 2016-11-15 Pending — Stellar MLS as Distributed by MLS Grid
• 2016-11-09 Listed $51,900 Stellar MLS as Distributed by MLS Grid
• 1996-10-08 Sold (Public Records) $42,000 Public Records

Property tax history

+7.0%/yr

Latest (2025): $1,540 · +14.9% YoY. Source: county tax records.