1010 Chelsea Dr · Four Corners, FL 33897

$239,900

3 bd · 2.0 ba · 1,525 sqft · SingleFamily public records · 136 Days on market

Built 2010 1,233 sqft lot $189/mo HOA · 9% of rent

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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 +10.3/30.0
• ARV discount +7.5/15.0
• Appreciation +4.7/10.0
• 1% rule +4.1/10.0
• Schools +3.5/10.0
• Livability +3.5/5.0
• DSCR +3.0/10.0
• Condition / age +2.5/5.0
• Rent growth +1.8/5.0

Listing remarks MLS

This well-maintained townhome features fresh neutral paint and a spacious first-floor kitchen with plenty of cabinets, an eat-in area, and a breakfast bar. The living area opens to a private screened patio with open-space views and no rear neighbors. Upstairs, the master suite has a large walk-in shower, and two guest bedrooms share a full bathroom. Laundry is conveniently located on the second floor. The home works as a primary residence or is zoned for short- or long-term rentals. Community amenities include a pool and spa, and the location offers easy access to Disney World, shopping, and the attractions of the 4 Corners area.

Key facts

• Community amenities
• Newly installed roof
• Large walk-in shower

Tags

• NEWLY INSTALLED ROOF
• PRIVATE SCREENED PATIO
• LARGE WALK-IN SHOWER
• COMMUNITY AMENITIES
• ACCESS TO POOL AND SPA
• MINUTES FROM DISNEY WORLD

Property features AI

Finance

• Other: Directions: From Clermont go south on Hwy 27 into Legacy Park.
• Financial info: Total monthly fees $189; total annual fees $2,268
• HOA & community: Monthly association fee of $189 (includes pool, structure maintenance, grounds maintenance); Association manager: Extreme Management Team; Community features: clubhouse, community mailbox, deed restrictions, street lights

Exterior

• Parking: Parking details not provided
• Security: Security details not provided
• Utilities: Public water; Public sewer; Electricity connected; Sewer connected; Water connected; Cable connected; Phone available; Underground utilities
• Home design: Townhouse; Residential property; Two stories; Faces west; Entry level information not provided
• Construction: Block and stucco construction; Shingle roof; Slab foundation; Built details not provided
• Exterior features: Rain gutters; Sidewalk; Sliding doors; Irrigation equipment

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Range; Refrigerator; Exhaust fan; Electric water heater
• Bedrooms: 3 bedrooms
• Flooring: Ceramic tile
• Bathrooms: 2 full bathrooms; 1 half bathroom
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Cathedral ceilings; Ceiling fans; Eat-in kitchen; High ceilings; Open floorplan; Thermostat; Walk-in closets
• Laundry & utility: Laundry room inside

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $240k.

Deal economics

• At list price, monthly cash flow is $-130 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $221k (7.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $217k (9.4% below list).
• Recommended offer: $211k (12.0% below list) — sets the bar for market timing.
• Cap rate 5.6% vs local median 3.2% in Four Corners — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 69/100 on livability (#453 in FL) — a middle-class / working-renter tenant base. Strengths: housing A+, cost of living A-; Watch: amenities F, health & safety 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: Loughman Oaks Elementary School (math 36% / reading 36%, grade F, #1,670 of 2,144 statewide, top 78%, 1,052 students, 37% FRL); Lake Alfred Polytech Academy (math 41% / reading 43%, grade D-, #340 of 571 statewide, top 61%, 645 students, 59% FRL); Davenport High School (2,333 students, 37% FRL) — zoned schools average 44% FRL vs 60% district-wide (15 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents soft (-2.7%/yr); 648 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 21d 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 37% of the median local income ($71k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $198 of equity ($2k loan paydown + $-1k appreciation (-0.6% local appreciation)).
• 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 ($211k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $15k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $211,112 (12.0% 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. 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?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 0.91% ✗
• Cap rate: 5.64%
• Cash-on-cash: -2.33%
• DSCR: 0.90
• GRM: 9.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-0.61% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -9.7%
• Equity multiple: 0.58×
• Total profit: $-28,332
• Equity at exit: $62,442

10-year hold

• IRR: -5.9%
• Equity multiple: 0.47×
• Total profit: $-35,359
• Equity at exit: $69,516

Cash invested: $67,172 (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 33897

• Home prices YoY: -0.3%
• Rents YoY: -2.7%
• Active inventory: 648
• Price-to-rent: 9.2×

Monthly cashflow live

• Estimated rent: $2,173 high
• Mortgage (P&I): −$1,258
• Tax est. 1.5%: −$300 /mo · $3,598/yr
• Insurance: −$100
• HOA: −$189
• Vacancy / Maint / Mgmt: −$456
• Net cashflow: $-130

Break-even live

Break-even rent $2,338

Max offer price $221,017

Occupancy floor —

Sensitivity live

Price	-10% $35	-5% $-48	+0% $-130	+5% $-213	+10% $-296
Rent	-10% $-302	-5% $-216	+0% $-130	+5% $-45	+10% $41
Rate	-1.0pp $-10	-0.5pp $-69	base $-130	+0.5pp $-193	+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: $59,975
• Closing costs: $7,197
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
807 Chelsea Dr Davenport, FL	2.0	2.5	1076	$1,450	$1.35	25d	1	0.03mi
206 Scaton Way Davenport, FL	2.0	2.5	1530	$1,750	$1.14	15d	1	0.05mi
1560 Chelsea Dr Davenport, FL	3.0	2.5	1528	$2,100	$1.37	25d	1	0.12mi
222 Bexley Dr Davenport, FL	2.0	2.5	1313	$2,000	$1.52	25d	1	0.14mi
1301 Tuscan Hills Blvd Unit 9406 1 Davenport, FL	2.0	2.0	1134	$2,200	$1.94	25d	1	0.17mi
183 Ashbourne Way Davenport, FL	1.0–3.0	1.0–2.0	1039	$2,200	$2.12	5d	35	0.17mi
1492 Mirabella Cir Davenport, FL	3.0	2.0	1435	$1,995	$1.39	25d	1	0.19mi
1492 Mirabella Cir Davenport, FL	3.0	2.5	1435	$1,950	$1.36	16d	1	0.19mi
1536 Mirabella Cir Unit 1536 Davenport, FL	3.0	2.5	1567	$2,100	$1.34	25d	1	0.20mi
1513 Mirabella Cir Davenport, FL	3.0	2.5	1594	$1,950	$1.22	25d	1	0.21mi
1556 Mirabella Cir Davenport, FL	3.0	2.5	1371	$1,950	$1.42	5d	1	0.21mi
1460 Mirabella Cir Davenport, FL	3.0	2.5	1505	$1,895	$1.26	16d	1	0.21mi
1483 Mirabella Cir Davenport, FL	3.0	2.5	1501	$1,850	$1.23	16d	1	0.22mi
712 Brayton Ln Davenport, FL	4.0	2.0	1925	$2,180	$1.13	5d	1	0.24mi
740 Brunello Dr Unit 1018164P Davenport, FL	4.0	3.5	1754	$2,806	$1.60	20d	1	0.25mi
237 Somerset Dr Davenport, FL	2.0	1.0	1330	$1,900	$1.43	25d	1	0.31mi
1316 Mirabella Cir Davenport, FL	3.0	2.5	1489	$2,050	$1.38	25d	1	0.35mi
136 Grantham Dr Davenport, FL	3.0	2.0	1799	$1,995	$1.11	5d	1	0.36mi
904 Charo Pkwy #517 Davenport, FL	3.0	3.0	1217	$1,800	$1.48	25d	1	0.37mi
904 Charo Pkwy #533 Davenport, FL	4.0	3.0	1437	$1,795	$1.25	16d	1	0.37mi
557 Miramar Ave Unit 1095258P Davenport, FL	4.0	3.5	1851	$2,086	$1.13	13d	1	0.40mi
183 Jocelyn Dr Davenport, FL	4.0	2.0	1874	$2,400	$1.28	20d	1	0.42mi
1027 Papaya Cir Davenport, FL	4.0	2.0	1627	$2,500	$1.54	25d	1	0.42mi
500 Highgate Park Blvd Davenport, FL	4.0	3.0	1830	$2,500	$1.37	25d	1	0.42mi
625 Rochester Loop Davenport, FL	4.0	2.0	1895	$2,350	$1.24	25d	1	0.42mi
906 Berwick Dr Davenport, FL	3.0	2.0	1527	$2,600	$1.70	20d	1	0.46mi
605 Blake Ave Davenport, FL	4.0	2.0	1855	$2,200	$1.19	25d	1	0.46mi
1052 Papaya Cir Davenport, FL	4.0	2.0	1637	$2,450	$1.50	25d	1	0.48mi
333 Terra Lago St Unit 1031923P Davenport, FL	3.0	3.0	1453	$2,170	$1.49	4d	1	0.49mi
202 Napoli Dr Unit 1524601P Davenport, FL	4.0	3.5	1851	$3,260	$1.76	16d	1	0.49mi
1187 Papaya Cir Davenport, FL	4.0	2.0	1699	$2,100	$1.24	5d	1	0.51mi
3929 Calabria Ave Unit 1018213P Davenport, FL	4.0	3.0	1851	$2,101	$1.14	15d	1	0.52mi
243 Palermo St Unit 1018215P Davenport, FL	3.0	3.0	1851	$2,200	$1.19	5d	1	0.56mi
1042 Calabria Ave Unit 1261192P Davenport, FL	4.0	3.0	1485	$5,169	$3.48	16d	1	0.56mi
761 Caribbean Dr Davenport, FL	3.0	2.0	1400	$1,700	$1.21	5d	1	0.59mi
1136 Papaya Cir Davenport, FL	4.0	2.0	1627	$2,450	$1.51	5d	1	0.59mi
1136 Papaya Cir Unit 1136 Davenport, FL	4.0	2.0	1627	$2,450	$1.51	16d	1	0.59mi
564 Orchid Dr Unit A Davenport, FL	2.0	2.0	1348	$1,500	$1.11	25d	1	0.60mi
711 Caribbean Dr Unit Main Unit Davenport, FL	3.0	2.0	1200	$1,850	$1.54	25d	1	0.61mi
235 Mango Dr Unit A Davenport, FL	3.0	2.0	1575	$1,750	$1.11	25d	1	0.62mi

HOA detail

• Monthly dues: $189 · $2,268/yr
• Likely covers: pool

Listing history 17 events

1. 2026-06-07
   statusdays on market $239,900 Pending 136 DOM
2. 2026-06-05
   days on market $239,900 Active 135 DOM
3. 2026-06-03
   days on market $239,900 Active 133 DOM
4. 2026-06-01
   days on market $239,900 Active 132 DOM
5. 2026-05-31
   days on market $239,900 Active 131 DOM
6. 2026-05-05
   price $239,900
7. 2026-04-08
   price $249,900
8. 2026-01-20
   listed $255,000 Active
9. 2025-12-15
   soldstatus $255,000
10. 2025-12-09
    soldstatus $255,000 637-char remark

    Show marketing remark (637 chars)

    This well-maintained townhome features fresh neutral paint and a spacious first-floor kitchen with plenty of cabinets, an eat-in area, and a breakfast bar. The living area opens to a private screened patio with open-space views and no rear neighbors. Upstairs, the master suite has a large walk-in shower, and two guest bedrooms share a full bathroom. Laundry is conveniently located on the second floor. The home works as a primary residence or is zoned for short- or long-term rentals. Community amenities include a pool and spa, and the location offers easy access to Disney World, shopping, and the attractions of the 4 Corners area.

11. 2025-12-09
    listed $255,000 637-char remark

    Show marketing remark (637 chars)

    This well-maintained townhome features fresh neutral paint and a spacious first-floor kitchen with plenty of cabinets, an eat-in area, and a breakfast bar. The living area opens to a private screened patio with open-space views and no rear neighbors. Upstairs, the master suite has a large walk-in shower, and two guest bedrooms share a full bathroom. Laundry is conveniently located on the second floor. The home works as a primary residence or is zoned for short- or long-term rentals. Community amenities include a pool and spa, and the location offers easy access to Disney World, shopping, and the attractions of the 4 Corners area.

12. 2025-07-05
    price $289,900
13. 2025-06-03
    price $295,000
14. 2025-05-07
    price $304,900
15. 2025-03-31
    listed $315,000 Active
16. 2010-05-04
    soldstatus $78,000
17. 2010-02-22
    soldstatus $68,200

ⓘ 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 · 25 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: $26,072
• − Mortgage interest: −$13,438
• − Property taxes: −$3,598
• − Insurance: −$1,200
• − Repairs & maintenance: −$2,086
• − Management: −$2,086
• − HOA: −$2,268
• − Depreciation: −$6,979
• Taxable loss: −$5,583
• Est. tax savings @ 24.0%: +$1,340
• After-tax cash flow: $-226/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 — Four Corners

• Score: 69/100
• State rank: #453
• US rank: #8218

Category grades

Amenities F Commute C+ Cost of living A- Crime B- Employment C Housing A+ Health & safety F User ratings A-

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Polk County · 740,051 people
• City population: 27,422
• Metro: Lakeland-Winter Haven, FL
• Population (ZIP): 30,159
• Household income: $70,982
• Rent vs Own: 26.8% rent · 73.2% own
• Severe rent burden: 926.0

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 0.61)
• Race & ethnicity: White 45% Hispanic / Latino 43% Two or more races 12% Black 5% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 21% Cuban 2% Dominican 2%
• Common ancestry: Romanian 2% Lithuanian 2% Serbian 1%
• Foreign-born: 16% · Canada, Jamaica, China
• Languages at home: 61% English-only · Spanish 34% Other Indo-European 1% French/Haitian/Cajun 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: ▼ -0.61%
• Current HPI: 236.2905
• Rent YoY: ▼ -2.69%
• 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

+251.8% since first listed

12 events — show timeline

• 2026-05-05 Price Changed $239,900 Stellar MLS as Distributed by MLS Grid
• 2026-04-08 Price Changed $249,900 Stellar MLS as Distributed by MLS Grid
• 2026-01-20 Listed $255,000 Stellar MLS as Distributed by MLS Grid
• 2025-12-15 Sold (Public Records) $255,000 Public Records
• 2025-12-09 Listed $255,000 Stellar MLS as Distributed by MLS Grid
• 2025-12-09 Sold (MLS) $255,000 Stellar MLS as Distributed by MLS Grid
• 2025-07-05 Price Changed $289,900 Stellar MLS as Distributed by MLS Grid
• 2025-06-03 Price Changed $295,000 Stellar MLS as Distributed by MLS Grid
• 2025-05-07 Price Changed $304,900 Stellar MLS as Distributed by MLS Grid
• 2025-03-31 Listed $315,000 Stellar MLS as Distributed by MLS Grid
• 2010-05-04 Sold (Public Records) $78,000 Public Records
• 2010-02-22 Sold (Public Records) $68,200 Public Records

Property tax history

-0.7%/yr

Latest (2025): $398 · +39.9% YoY. Source: county tax records.