2417 W Parker St · Lakeland, FL 33815

$119,000

3 bd · 1.0 ba · 672 sqft · Manufactured public records · 76 Days on market

Built 1966 9,993 sqft lot

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Why this score? — see what drove the B 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 +26.6/30.0
• Appreciation +10.0/10.0
• DSCR +9.1/10.0
• ARV discount +7.5/15.0
• 1% rule +6.6/10.0
• Rent growth +4.0/5.0
• Livability +3.9/5.0
• Schools +3.5/10.0
• Condition / age +2.5/5.0

Listing remarks MLS

Mobile Home with tenant. Owner says sell it as is with tenant in place. Listing agent has had limited access to interior and room sizes are approximate. CASH ONLY due to condition of the home. .

Key facts

• Functional carport
• Screened-in porch
• Sun-drenched yard

Tags

• SUN-DRENCHED YARD
• SCREENED-IN PORCH
• FUNCTIONAL CARPORT
• MATURE SHADE TREES

Property features AI

Finance

• Other: Lot is paved and in county; Vegetation includes trees/landscaping; Concrete road surface; Lot about 0.23 acre; Living area reported as 1,000 sq ft (owner source); Building area reported as 1,200 sq ft (owner source)
• HOA & community: No association fees; Association approval not required; Pets allowed

Exterior

• Parking: Carport (1 space); No designated parking listed
• Utilities: Public sewer; Public water available; Cable available; Electricity available; Public utilities
• Home design: Mobile home (single wide); Residential property; Fixer condition; One story; South-facing
• Construction: Metal siding; Other construction materials; Other roof; Crawlspace foundation; Built on a single wide body type
• Exterior features: Storage; Other exterior features

Interior

• Kitchen: Range; Range hood; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Laminate floors; Wood floors
• Bathrooms: 1 full bathroom
• Heating & cooling: Ductless heating; Wall/Window air conditioning units
• Interior features: Window treatments; Other interior features
• Laundry & utility: Laundry: Other

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath manufactured listed at $119k.

Deal economics

• At list price, monthly cash flow is $318 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $119k).
• Recommended offer: $112k (6.0% below list) — sets the bar for market timing.

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: Dr. Ne Roberts Elementary School (math 45% / reading 34%, grade F, #1,513 of 2,144 statewide, top 73%, 691 students, 54% 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 56% FRL track the district average.
• Market conditions: Rents rising fast (+6.1%/yr); 72 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 20d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 10,384 units permitted in Polk County in 2024 (1,716 in 5+ unit buildings).
• This rent runs 44% of the median local income ($37k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $13k of equity ($823 loan paydown + $12k appreciation (10.0% local appreciation)).
• Polk County population projected at +33% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (10.0% appreciation + 6.1% rent growth), your $33k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 76 days — a 6% lower offer ($112k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 9y ago; this cycle's ask has dropped $10k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $35k; list at $119k implies a 240% 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 6→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $111,860 (6.0% below list)

Questions for the listing agent

1. It's been on market 76 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1966 — 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: 9.50%
• Cash-on-cash: 11.45%
• DSCR: 1.51
• GRM: 7.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

10.0% appreciation · 6.14% rent growth · sell at horizon

5-year hold

• IRR: 34.0%
• Equity multiple: 3.69×
• Total profit: $89,534
• Equity at exit: $107,205

10-year hold

• IRR: 30.4%
• Equity multiple: 8.74×
• Total profit: $258,039
• Equity at exit: $231,191

Cash invested: $33,320 (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 33815

• Home prices YoY: 12.6%
• Rents YoY: 6.1%
• Active inventory: 72
• Price-to-rent: 7.2×

Monthly cashflow live

• Estimated rent: $1,376 medium
• Mortgage (P&I): −$624
• Tax from tax record: −$95 /mo · $1,144/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$289
• Net cashflow: $318

Break-even live

Break-even rent $973

Max offer price $119,000

Occupancy floor 72%

Sensitivity live

Price	-10% $385	-5% $352	+0% $318	+5% $284	+10% $251
Rent	-10% $209	-5% $264	+0% $318	+5% $372	+10% $427
Rate	-1.0pp $378	-0.5pp $348	base $318	+0.5pp $287	+1.0pp $256

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: $29,750
• Closing costs: $3,570
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2735 W 10th St Unit 7 Lakeland, FL	2.0	1.0	576	$925	$1.61	24d	1	0.81mi
455 Arapahoe Ave Lakeland, FL	2.0	1.0	750	$1,199	$1.60	19d	1	1.12mi
457 Arapahoe Ave Lakeland, FL	2.0	1.0	750	$1,095	$1.46	3d	1	1.13mi
1031 Neville Ave Lakeland, FL	2.0	2.0	728	$1,375	$1.89	19d	1	1.13mi

Listing history 10 events

1. 2026-05-31
   status $119,000 Pending 76 DOM
2. 2026-04-28
   price $119,000
3. 2026-04-08
   price $50,000
4. 2026-03-15
   listed $129,000 Active
5. 2018-10-01
   soldstatus $35,000
6. 2018-01-12
   soldstatus $23,000 Sold 194-char remark

   Show marketing remark (194 chars)

   Mobile Home with tenant. Owner says sell it as is with tenant in place. Listing agent has had limited access to interior and room sizes are approximate. CASH ONLY due to condition of the home. .

7. 2017-12-27
   status Pending 194-char remark

   Show marketing remark (194 chars)

   Mobile Home with tenant. Owner says sell it as is with tenant in place. Listing agent has had limited access to interior and room sizes are approximate. CASH ONLY due to condition of the home. .

8. 2017-10-05
   listed $29,900 Active 194-char remark

   Show marketing remark (194 chars)

   Mobile Home with tenant. Owner says sell it as is with tenant in place. Listing agent has had limited access to interior and room sizes are approximate. CASH ONLY due to condition of the home. .

9. 2000-10-20
   soldstatus $22,000
10. 1998-01-14
    soldstatus $10,500

ⓘ 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: $1,144 · $95/mo
• Projected year-2 tax: $1,144 · $95/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 3/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 8/10 Severe 6 d/yr ≥108°F today · 19 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: $16,511
• − Mortgage interest: −$6,666
• − Property taxes: −$1,144
• − Insurance: −$595
• − Repairs & maintenance: −$1,321
• − Management: −$1,321
• − Depreciation: −$3,462
• Taxable income: $2,002
• Est. tax owed @ 24.0%: −$481
• After-tax cash flow: $3,335/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

• County: Polk County · 740,051 people
• City population: 277,690
• Metro: Lakeland-Winter Haven, FL
• Population (ZIP): 13,975
• Household income: $37,487
• Rent vs Own: 40.4% rent · 59.6% own
• Severe rent burden: 700.0

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 0.67)
• Race & ethnicity: White 43% Black 27% Hispanic / Latino 26% Two or more races 10% Asian 1%
• Hispanic origin (detail): Mexican 12% Puerto Rican 10%
• Common ancestry: Romanian 1% German 1% Lithuanian 1%
• Foreign-born: 11% · Canada, Jamaica, China
• Languages at home: 75% English-only · Spanish 23% German/W. Germanic 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: ▲ 47.45%
• Current HPI: 424.0956
• Rent YoY: ▲ 6.14%
• 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

+1033.3% since first listed

9 events — show timeline

• 2026-04-28 Price Changed $119,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-08 Price Changed $50,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-15 Listed $129,000 Stellar MLS as Distributed by MLS Grid
• 2018-10-01 Sold (Public Records) $35,000 Public Records
• 2018-01-12 Sold (MLS) $23,000 Stellar MLS as Distributed by MLS Grid
• 2017-12-27 Pending — Stellar MLS as Distributed by MLS Grid
• 2017-10-05 Listed $29,900 Stellar MLS as Distributed by MLS Grid
• 2000-10-20 Sold (Public Records) $22,000 Public Records
• 1998-01-14 Sold (Public Records) $10,500 Public Records

Property tax history

+9.6%/yr

Latest (2025): $1,144 · +13.6% YoY. Source: county tax records.