2629 Club Cir #2629 · Indian Lake Estates, FL 33898

$85,000

1 bd · 1.0 ba · 648 sqft · Condo · 2 Days on market

Built 1965 Average condition $290/mo HOA · 24% 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 +18.0/30.0
• 1% rule +9.1/10.0
• ARV discount +7.5/15.0
• DSCR +5.6/10.0
• Schools +3.5/10.0
• Condition / age +2.8/5.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Affordable 1-bedroom, 1-bath condo located in Lakeshore Club Villas in Lake Wales. Community is intended for housing for older persons pursuant to HOA/community guidelines, a great opportunity for seasonal or year- round living. Rentals permitted subject to HOA approval and screening requirements. Conveniently located near shopping, dining, medical facilities, and local attractions. Buyer and buyer's agent to verify all room sizes, HOA information, lease restrictions, fees, and community requirements.

Key facts

• $290 HOA
• Community pool
• Built 1965

Property features AI

Finance

• Other: Zoning: RM; Lot size approximately 0.02 acres (about 87 m²)
• Financial info: Total monthly HOA/fees: $290; Total annual fees: $3,480; No lease restrictions reported
• HOA & community: Lakeshore Club HOA (monthly dues $290); HOA amenities include clubhouse, pool, tennis courts; Association fee required; Community features: pool, tennis courts, sidewalks, special community restrictions, golf carts allowed; Senior community; Pets allowed: cats and dogs

Exterior

• Utilities: Public water; Public sewer; Public utilities
• Home design: Condominium; Residential property; One story; Faces northeast; Entry level: One
• Construction: Block construction; Shingle roof; Slab foundation; Built as unit in building number 2629
• Exterior features: Other exterior features; Asphalt road access

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: 1 bedroom
• Flooring: Tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Electric heating; Central air conditioning
• Interior features: Other interior features
• Laundry & utility: Laundry: Other

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $85k. Condition is rated average.

Deal economics

• At list price, monthly cash flow is $72 ($869/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $85k).

Location & tenants

• Location reads: area grade C — affects rentability + tenant quality, not the cash-flow math above.
• 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: 500 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 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 $588 of loan paydown is wiped out by about $3k 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 2 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: HOA is 24% of rent.
• 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 $85,000

Questions for the listing agent

1. Built in 1965 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.41% ✓
• Cap rate: 7.32%
• Cash-on-cash: 3.65%
• DSCR: 1.16
• GRM: 5.9

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: -10.3%
• Equity multiple: 0.62×
• Total profit: $-8,966
• Equity at exit: $12,674

10-year hold

• IRR: -0.6%
• Equity multiple: 0.95×
• Total profit: $-1,072
• Equity at exit: $7,349

Cash invested: $23,800 (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 33898

• Home prices YoY: -15.1%
• Active inventory: 500
• Price-to-rent: 5.9×

Monthly cashflow live

• Estimated rent: $1,202 medium
• Mortgage (P&I): −$446
• Tax est. 1.5%: −$106 /mo · $1,275/yr
• Insurance: −$35
• HOA: −$290
• Vacancy / Maint / Mgmt: −$252
• Net cashflow: $72

Break-even live

Break-even rent $1,111

Max offer price $85,000

Occupancy floor 89%

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: $21,250
• Closing costs: $2,550
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2709 Club Cir Lake Wales, FL	1.0	1.0	648	$950	$1.47	23d	1	0.04mi
1707 Club Cir Unit 1707 Lakeshore, FL	1.0	1.0	648	$1,075	$1.66	23d	1	0.21mi

HOA detail condo

• Monthly dues: $290 · $3,480/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 3 events

1. 2026-06-18
   days on market $85,000 Active 2 DOM
2. 2026-06-17
   remarks 506-char remark
3. 2026-06-17
   listed $85,000 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 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 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,428
• − Mortgage interest: −$4,761
• − Property taxes: −$1,275
• − Insurance: −$425
• − Repairs & maintenance: −$1,154
• − Management: −$1,154
• − HOA: −$3,480
• − Depreciation: −$2,473
• Taxable loss: −$295
• Est. tax savings @ 24.0%: +$71
• After-tax cash flow: $940/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 · 12 photos

Average 55/100 Cosmetic rehab

This property is in average condition and requires some cosmetic repairs and maintenance to improve its resale and rental value.

Repairs flagged

• Minor Paint — The paint appears to be slightly faded in some areas.
• Minor Flooring — The flooring appears to have some wear and tear.
• Minor Kitchen appliances — The kitchen appliances appear to be outdated and may need replacement.
• Minor Bathroom fixtures — The bathroom fixtures appear to be slightly worn and may need replacement.
• Minor Landscaping — The landscaping appears to be in need of some maintenance and may need some updates.

Value-add opportunities

• Both Paint the exterior and interior walls — Fresh paint can improve the curb appeal and interior aesthetics.
• Both Replace the flooring — New flooring can improve the overall look and feel of the home.
• Both Replace the kitchen appliances — Upgrading the kitchen appliances can improve the functionality and appeal of the kitchen.
• Both Replace the bathroom fixtures — Upgrading the bathroom fixtures can improve the functionality and appeal of the bathroom.
• Both Maintain the landscaping — Well-maintained landscaping can improve the curb appeal and overall aesthetic of the home.

Renovation cost estimate screening

Repair item	Severity	Est. cost
Paint · The paint appears to be slightly faded in some areas.	Minor	$500–3,000
Flooring · The flooring appears to have some wear and tear.	Minor	$500–3,000
Kitchen appliances · The kitchen appliances appear to be outdated and may need replacement.	Minor	$500–3,000
Bathroom fixtures · The bathroom fixtures appear to be slightly worn and may need replacement.	Minor	$500–3,000
Landscaping · The landscaping appears to be in need of some maintenance and may need some updates.	Minor	$500–3,000
Total estimated repair cost · 5 items		$2,500–15,000

Value-add ROI direction

• Both Paint the exterior and interior walls — Fresh paint can improve the curb appeal and interior aesthetics. ↑
• Both Replace the flooring — New flooring can improve the overall look and feel of the home. ↑
• Both Replace the kitchen appliances — Upgrading the kitchen appliances can improve the functionality and appeal of the kitchen. ↑
• Both Replace the bathroom fixtures — Upgrading the bathroom fixtures can improve the functionality and appeal of the bathroom. ↑
• Both Maintain the landscaping — Well-maintained landscaping can improve the curb appeal and overall aesthetic of the home. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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 — Indian Lake Estates

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• County: Polk County · 740,051 people
• City population: 33
• Metro: Lakeland-Winter Haven, FL
• Population (ZIP): 18,527
• Household income: $57,224
• Rent vs Own: 12.6% rent · 87.4% own
• Severe rent burden: 148.0

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: Predominantly White (74%)
• Race & ethnicity: White 74% Hispanic / Latino 17% Two or more races 10% Black 6%
• Hispanic origin (detail): Mexican 6% Puerto Rican 4% Cuban 3%
• Common ancestry: Slovak 3% Lithuanian 2% Italian 2%
• Foreign-born: 9% · Canada
• Languages at home: 81% English-only · Spanish 17% French/Haitian/Cajun 1% Other Indo-European 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: ▼ -60.62%
• Current HPI: 340.6056
• 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

1 event — show timeline

• 2026-06-16 Listed $85,000 Stellar MLS as Distributed by MLS Grid