718 W 5th St · Lakeland, FL 33805

$149,900

1 bd · 3.0 ba · 500 sqft · SingleFamily public records · 2 Days on market

Built 1925 3,480 sqft lot

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Why this score? — see what drove the D 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 +13.8/30.0
• ARV discount +7.5/15.0
• DSCR +4.2/10.0
• Livability +3.9/5.0
• Schools +3.5/10.0
• 1% rule +2.8/10.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Cute bungalow with 2 bedrooms/1 bath and a flex room. New Luxury Vinyl Plank flooring, neutral paint, new lighting fixtures, ceiling fans and 6-panel doors all bring a fresh updated look to this quaint home. New cabinets, granite counter tops and fixtures make this compact kitchen fun to whip up a quick meal in. Roof 2026; HVAC 2018. Close to parks, restaurants and major thoroughfares.

Key facts

• Ceiling fans
• New cabinets
• Granite counter tops

Tags

• LUXURY VINYL PLANK FLOORING
• NEW LIGHTING FIXTURES
• CEILING FANS
• 6-PANEL DOORS
• NEW CABINETS
• GRANITE COUNTER TOPS

Property features AI

Finance

• Other: Lot approximately 0.08 acres (74 x 65), asphalt road access; Zoned O-1

Exterior

• Utilities: Public water; Public sewer; Electricity connected
• Home design: Single family residence; Residential property; One story; Faces north; Entry level: One
• Construction: Vinyl siding and frame construction; Shingle roof; Crawlspace foundation; Built with approximately 688 total building area
• Exterior features: Private mailbox; Sidewalk

Interior

• Kitchen: Range; Microwave; Refrigerator
• Bedrooms: 2 bedrooms
• Bathrooms: 1 full bathroom
• Heating & cooling: Ductless heating; Wall/window air conditioning units
• Interior features: Ceiling fans; Window treatments
• Laundry & utility: Washer hookup; Electric dryer hookup; Laundry inside

What this means for you Summary

Snapshot

• This is a 1-bed/3.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $14 ($167/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $116k (22.4% below list).
• Recommended offer: $116k (22.4% 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: Highlands Grove Elementary School (math 69% / reading 59%, grade B, #552 of 2,144 statewide, top 26%, 731 students, 36% FRL); Lakeland Highlands Middle School (math 56% / reading 52%, grade B-, #196 of 571 statewide, top 36%, 1,265 students, 41% FRL); Tenoroc High School (math 12% / reading 25%, grade F, #568 of 667 statewide, top 85%, 1,127 students, 63% FRL).
• Market conditions: Rents flat; 164 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals at typical pace (median 16d 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 $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

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 22y 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.

Risks & watch-outs

• Watch-outs: built in 1925 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $116,389 (22.4% below list)

Questions for the listing agent

1. Built in 1925 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 0.78% ✗
• Cap rate: 6.40%
• Cash-on-cash: 0.40%
• DSCR: 1.02
• GRM: 10.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.77% rent growth · sell at horizon

5-year hold

• IRR: -17.9%
• Equity multiple: 0.38×
• Total profit: $-26,019
• Equity at exit: $22,351

10-year hold

• IRR: -14.5%
• Equity multiple: 0.24×
• Total profit: $-31,791
• Equity at exit: $12,961

Cash invested: $41,972 (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 33805

• Home prices YoY: -29.8%
• Rents YoY: 0.8%
• Active inventory: 164
• Price-to-rent: 10.7×

Monthly cashflow live

• Estimated rent: $1,164 high
• Mortgage (P&I): −$786
• Tax from tax record: −$57 /mo · $684/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$244
• Net cashflow: $14

Break-even live

Break-even rent $1,146

Max offer price $149,900

Occupancy floor 94%

Sensitivity live

Price	-10% $99	-5% $56	+0% $14	+5% $-28	+10% $-71
Rent	-10% $-78	-5% $-32	+0% $14	+5% $60	+10% $106
Rate	-1.0pp $89	-0.5pp $52	base $14	+0.5pp $-25	+1.0pp $-64

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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
510 Silver St Unit 1 Lakeland, FL	—	1.0	540	$950	$1.76	25d	1	0.25mi
321 Emma St Lakeland, FL	2.0	1.0	730	$1,395	$1.91	25d	1	0.48mi
131 Pear St Lakeland, FL	2.0	1.0	741	$950	$1.28	25d	1	0.65mi
1031 Neville Ave Lakeland, FL	2.0	2.0	728	$1,375	$1.89	20d	1	0.76mi
515 Bon Air St Lakeland, FL	—	1.0	500	$895	$1.79	5d	3	0.78mi
270 E Bay St Lakeland, FL	2.0	1.0–2.0	892	$1,472	$1.65	5d	6	1.01mi
929 Gilmore Ave Lakeland, FL	2.0	1.0–1.5	620	$1,090	$1.76	4d	20	1.03mi
609 N Stella Ave Apt A Lakeland, FL	2.0	1.0	735	$1,100	$1.50	25d	1	1.12mi
600 E Bay St Lakeland, FL	3.0	1.0–2.0	914	$1,916	$2.10	5d	29	1.15mi
921 E Parker St Lakeland, FL	1.0	1.0	715	$1,150	$1.61	15d	1	1.27mi
130 S Massachusetts Ave Lakeland, FL	1.0	1.0	580	$1,400	$2.41	5d	8	1.29mi
330 S Lake Ave Lakeland, FL	1.0	1.0	529	$1,215	$2.29	5d	14	1.47mi

Listing history 2 events

1. 2026-06-22
   remarks 388-char remark
2. 2026-06-22
   listed $149,900 Active 2 DOM

ⓘ 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: $684 · $57/mo
• Projected year-2 tax: $1,244 · $104/mo
• Expected delta: +$561/yr (+$47/mo · 82.0%)

ⓘ 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) · 10% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°F today · 23 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: $13,967
• − Mortgage interest: −$8,397
• − Property taxes: −$684
• − Insurance: −$750
• − Repairs & maintenance: −$1,117
• − Management: −$1,117
• − Depreciation: −$4,361
• Taxable loss: −$2,459
• Est. tax savings @ 24.0%: +$590
• After-tax cash flow: $758/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): 28,751
• Household income: $62,661
• Rent vs Own: 50.1% rent · 49.9% own
• Severe rent burden: 1179.0

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 0.68)
• Race & ethnicity: White 38% Black 37% Hispanic / Latino 20% Two or more races 8% Asian 1%
• Hispanic origin (detail): Mexican 5% Puerto Rican 9% Cuban 2%
• Common ancestry: Hispanic 2% Lithuanian 1% Romanian 1%
• Foreign-born: 12% · Canada, Jamaica
• Languages at home: 79% English-only · Spanish 16% French/Haitian/Cajun 2% Other Asian/Pacific 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: ▼ -158.44%
• Current HPI: 372.7317
• Rent YoY: ▲ 0.77%
• 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

+275.7% since first listed

6 events — show timeline

• 2026-06-19 Listed $149,900 Stellar MLS as Distributed by MLS Grid
• 2025-01-11 Rental Removed $1,070 STELLARMLS
• 2024-12-19 Listed for Rent $1,070 STELLARMLS
• 2017-03-01 Sold (Public Records) $455,600 Public Records
• 2004-09-09 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2004-09-09 Listed $39,900 Stellar MLS as Distributed by MLS Grid

Property tax history

+7.8%/yr

Latest (2025): $684 · +3.7% YoY. Source: county tax records.