241 Lake Trout · Four Corners, FL 33897

$159,900

2 bd · 2.0 ba · 1,404 sqft · Manufactured · 105 Days on market

Built 1992 4,151 sqft lot $240/mo HOA · 12% 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 +19.4/30.0
• ARV discount +7.5/15.0
• 1% rule +7.1/10.0
• DSCR +6.1/10.0
• Appreciation +4.7/10.0
• Schools +3.5/10.0
• Livability +3.5/5.0
• Condition / age +2.5/5.0
• Rent growth +1.8/5.0

Listing remarks MLS

Nice 2-bed/2-bath spacious ranch on a large lot in a gated community. This home offers an open floor plan, a large open kitchen with drop in range island, separate dining room, large family room, large master bedroom, nice 2nd bedroom, an 8x25 lanai, a carport, and a storage shed. Bass Lake is a gated community on a 175+/- acre lake with a private dock and boat slips. It features two heated pools, horseshoe pits, shuffleboard courts, billiard room, and card room. The HOA fees include water/sewer/trash/lawn mowing. There is no lot rent as you own the land in this park.

Key facts

• Gated community
• Solid wood cabinets
• No lot fees

Tags

• GATED COMMUNITY
• YOU OWN THE LAND
• NO LOT FEES
• ENSUITE BATHROOMS
• WALK-IN CLOSETS
• SOLID WOOD CABINETS

Property features AI

Finance

• Other: Total annual fees $2,880
• Financial info: No lease restrictions indicated
• HOA & community: HOA managed by Herta/Castle Management; monthly fee $240; HOA amenities include gated entry, pool, clubhouse, playground, recreation facilities, shuffleboard court; Association fee covers pool, grounds maintenance, private road, recreational facilities, trash, and water

Exterior

• Parking: Driveway; 1-car carport
• Security: Gated community; Smoke detector(s)
• Utilities: Public water; Public sewer; Electricity connected; Broadband/high-speed internet available
• Home design: Manufactured home (double wide); One story; South-facing
• Construction: Vinyl siding; Shingle roof; Crawlspace foundation; Built by Merit
• Exterior features: Rain gutters; Oversized lot; Level lot; Paved; Asphalt road frontage; Lake access (Lake Davenport) with private boat ramp; skiing allowed

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air
• Interior features: Ceiling fans; Open floorplan; Split bedroom layout; Walk-in closet(s)
• Laundry & utility: Washer; Dryer; Laundry inside

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $160k.

Deal economics

• At list price, monthly cash flow is $179 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $160k).
• Recommended offer: $146k (9.0% below list) — sets the bar for market timing.
• Cap rate 7.6% 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: schools F, 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.
• Market conditions: Rents soft (-2.7%/yr); 646 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 19d 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 ($71k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $132 of equity ($1k loan paydown + $-974 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 105 days — a 9% lower offer ($146k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 14y ago; this cycle's ask has dropped $15k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $70k; list at $160k implies a 129% 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 $145,509 (9.0% below list)

Questions for the listing agent

1. It's been on market 105 days. Have you received any prior offers? Is the seller open to a 9% 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: 1.21% ✓
• Cap rate: 7.64%
• Cash-on-cash: 4.80%
• DSCR: 1.21
• GRM: 6.9

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: -1.7%
• Equity multiple: 0.93×
• Total profit: $-3,270
• Equity at exit: $41,619

10-year hold

• IRR: 1.7%
• Equity multiple: 1.15×
• Total profit: $6,715
• Equity at exit: $46,334

Cash invested: $44,772 (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: 646
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $1,929 high
• Mortgage (P&I): −$839
• Tax est. 1.5%: −$200 /mo · $2,398/yr
• Insurance: −$67
• HOA: −$240
• Vacancy / Maint / Mgmt: −$405
• Net cashflow: $179

Break-even live

Break-even rent $1,703

Max offer price $159,900

Occupancy floor 86%

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: $39,975
• Closing costs: $4,797
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
315 Allison Ave Davenport, FL	3.0	2.0	1180	$2,400	$2.03	23d	1	0.23mi
406 Washington Palm Loop Davenport, FL	3.0	2.0	1764	$1,525	$0.86	14d	1	0.25mi
631 Washington Palm Loop Davenport, FL	3.0	2.0	1387	$1,450	$1.05	23d	1	0.31mi
309 Catfish Dr E Davenport, FL	3.0	2.0	1454	$1,895	$1.30	23d	1	0.31mi
722 Washington Palm Loop Davenport, FL	3.0	2.5	1811	$1,550	$0.86	23d	1	0.32mi
2010 Limetta DR Davenport, FL	1.0–3.0	1.0–2.0	1178	$1,970	$1.67	3d	15	0.37mi
629 Allison Ave Davenport, FL	3.0	2.0	1524	$2,500	$1.64	23d	1	0.43mi
511 Coconut Palm Way Davenport, FL	3.0	2.0	1811	$1,700	$0.94	14d	1	0.43mi
1009 Lake Davenport Blvd Davenport, FL	3.0	2.0	1630	$2,199	$1.35	14d	1	0.44mi
400 Australian Way Unit A Davenport, FL	3.0	2.0	1350	$1,600	$1.19	14d	1	0.44mi
623 Coconut Palm Way Davenport, FL	3.0	2.0	1100	$1,650	$1.50	23d	1	0.45mi
217 Australian Way Unit A Davenport, FL	3.0	2.0	1211	$1,750	$1.45	3d	1	0.46mi
2929 Fan Palm Dr Unit 1 Davenport, FL	3.0	2.5	1090	$1,600	$1.47	14d	1	0.48mi
2929 Fan Palm Dr Davenport, FL	3.0	3.0	1090	$1,600	$1.47	14d	1	0.48mi
2918 Fan Palm Dr Unit Main Davenport, FL	3.0	2.0	1400	$1,800	$1.29	23d	1	0.51mi
1000 Western Breeze CIR Unit 3-410 Davenport, FL	2.0	2.0	1185	$2,360	$1.99	3d	1	0.60mi
1000 Western Breeze Cir Davenport, FL	1.0–3.0	1.0–2.0	1350	$2,448	$1.81	14d	83	0.63mi
1623 Fan Palm Dr Davenport, FL	3.0	2.5	1451	$1,950	$1.34	3d	1	0.70mi
603 New Providence Promenade #603 Davenport, FL	3.0	2.0	1227	$1,550	$1.26	23d	1	0.72mi
304 New Providence Promenade Unit 304 Davenport, FL	3.0	2.0	1227	$1,495	$1.22	23d	1	0.73mi
130 Orlando Breeze Cir Davenport, FL	1.0–3.0	1.0–2.0	1022	$2,097	$2.05	14d	21	0.75mi
183 Ashbourne Way Davenport, FL	1.0–3.0	1.0–2.0	1039	$1,822	$1.75	3d	35	0.81mi
222 Bexley Dr Davenport, FL	2.0	2.5	1313	$2,000	$1.52	23d	1	0.85mi
237 Somerset Dr Davenport, FL	2.0	1.0	1330	$1,900	$1.43	23d	1	0.89mi
1000 Ketner St Davenport, FL	1.0–3.0	1.0–2.0	1057	$1,746	$1.65	3d	22	0.89mi
1301 Tuscan Hills Blvd Unit 9406 1 Davenport, FL	2.0	2.0	1134	$2,200	$1.94	23d	1	0.90mi
774 Chelsea Dr Davenport, FL	2.0	2.5	988	$1,750	$1.77	23d	1	0.93mi
136 Grantham Dr Davenport, FL	3.0	2.0	1799	$1,995	$1.11	3d	1	0.93mi
206 Scaton Way Davenport, FL	2.0	2.5	1530	$1,750	$1.14	13d	1	0.94mi
807 Chelsea Dr Davenport, FL	2.0	2.5	1076	$1,450	$1.35	23d	1	0.96mi
1560 Chelsea Dr Davenport, FL	3.0	2.5	1528	$2,100	$1.37	23d	1	0.97mi
906 Berwick Dr Davenport, FL	3.0	2.0	1527	$2,600	$1.70	19d	1	1.03mi
1536 Mirabella Cir Unit 1536 Davenport, FL	3.0	2.5	1567	$2,100	$1.34	23d	1	1.05mi
1556 Mirabella Cir Davenport, FL	3.0	2.5	1371	$1,950	$1.42	3d	1	1.06mi
515 Corso Ln Davenport, FL	2.0–3.0	2.5	1402	$1,999	$1.43	3d	13	1.06mi
1513 Mirabella Cir Davenport, FL	3.0	2.5	1594	$1,950	$1.22	23d	1	1.07mi
218 Langford Park Dr Davenport, FL	3.0	2.0	1479	$2,100	$1.42	23d	1	1.08mi
1492 Mirabella Cir Davenport, FL	3.0	2.5	1435	$1,950	$1.36	14d	1	1.09mi
1492 Mirabella Cir Davenport, FL	3.0	2.0	1435	$1,995	$1.39	23d	1	1.09mi
1483 Mirabella Cir Davenport, FL	3.0	2.5	1501	$1,850	$1.23	14d	1	1.10mi

HOA detail

• Monthly dues: $240 · $2,880/yr
• Likely covers: watersewertrashpoolsecurity

Listing history 21 events

1. 2026-06-18
   days on market $159,900 Active 105 DOM
2. 2026-06-17
   days on market $159,900 Active 104 DOM
3. 2026-06-16
   days on market $159,900 Active 103 DOM
4. 2026-06-15
   days on market $159,900 Active 102 DOM
5. 2026-06-13
   statusdays on market $159,900 Active 100 DOM
6. 2026-06-05
   remarks 699-char remark
7. 2026-06-05
   statusdays on market $159,900 Pending 97 DOM
8. 2026-06-03
   days on market $159,900 Active 96 DOM
9. 2026-06-01
   days on market $159,900 Active 95 DOM
10. 2026-05-31
    days on market $159,900 Active 94 DOM
11. 2026-04-27
    price $159,900
12. 2026-02-26
    listed $175,000 Active
13. 2016-04-29
    soldstatus $69,900 Sold 574-char remark

    Show marketing remark (574 chars)

    Nice 2-bed/2-bath spacious ranch on a large lot in a gated community. This home offers an open floor plan, a large open kitchen with drop in range island, separate dining room, large family room, large master bedroom, nice 2nd bedroom, an 8x25 lanai, a carport, and a storage shed. Bass Lake is a gated community on a 175+/- acre lake with a private dock and boat slips. It features two heated pools, horseshoe pits, shuffleboard courts, billiard room, and card room. The HOA fees include water/sewer/trash/lawn mowing. There is no lot rent as you own the land in this park.

14. 2016-01-25
    status Pending 574-char remark

    Show marketing remark (574 chars)

    Nice 2-bed/2-bath spacious ranch on a large lot in a gated community. This home offers an open floor plan, a large open kitchen with drop in range island, separate dining room, large family room, large master bedroom, nice 2nd bedroom, an 8x25 lanai, a carport, and a storage shed. Bass Lake is a gated community on a 175+/- acre lake with a private dock and boat slips. It features two heated pools, horseshoe pits, shuffleboard courts, billiard room, and card room. The HOA fees include water/sewer/trash/lawn mowing. There is no lot rent as you own the land in this park.

15. 2015-11-12
    status Active 574-char remark

    Show marketing remark (574 chars)

    Nice 2-bed/2-bath spacious ranch on a large lot in a gated community. This home offers an open floor plan, a large open kitchen with drop in range island, separate dining room, large family room, large master bedroom, nice 2nd bedroom, an 8x25 lanai, a carport, and a storage shed. Bass Lake is a gated community on a 175+/- acre lake with a private dock and boat slips. It features two heated pools, horseshoe pits, shuffleboard courts, billiard room, and card room. The HOA fees include water/sewer/trash/lawn mowing. There is no lot rent as you own the land in this park.

16. 2015-11-10
    historical 574-char remark

    Show marketing remark (574 chars)

    Nice 2-bed/2-bath spacious ranch on a large lot in a gated community. This home offers an open floor plan, a large open kitchen with drop in range island, separate dining room, large family room, large master bedroom, nice 2nd bedroom, an 8x25 lanai, a carport, and a storage shed. Bass Lake is a gated community on a 175+/- acre lake with a private dock and boat slips. It features two heated pools, horseshoe pits, shuffleboard courts, billiard room, and card room. The HOA fees include water/sewer/trash/lawn mowing. There is no lot rent as you own the land in this park.

17. 2015-10-12
    price $69,900 574-char remark

    Show marketing remark (574 chars)

    Nice 2-bed/2-bath spacious ranch on a large lot in a gated community. This home offers an open floor plan, a large open kitchen with drop in range island, separate dining room, large family room, large master bedroom, nice 2nd bedroom, an 8x25 lanai, a carport, and a storage shed. Bass Lake is a gated community on a 175+/- acre lake with a private dock and boat slips. It features two heated pools, horseshoe pits, shuffleboard courts, billiard room, and card room. The HOA fees include water/sewer/trash/lawn mowing. There is no lot rent as you own the land in this park.

18. 2015-05-11
    price $74,900 574-char remark

    Show marketing remark (574 chars)

    Nice 2-bed/2-bath spacious ranch on a large lot in a gated community. This home offers an open floor plan, a large open kitchen with drop in range island, separate dining room, large family room, large master bedroom, nice 2nd bedroom, an 8x25 lanai, a carport, and a storage shed. Bass Lake is a gated community on a 175+/- acre lake with a private dock and boat slips. It features two heated pools, horseshoe pits, shuffleboard courts, billiard room, and card room. The HOA fees include water/sewer/trash/lawn mowing. There is no lot rent as you own the land in this park.

19. 2015-02-18
    listed $79,900 Active 574-char remark

    Show marketing remark (574 chars)

    Nice 2-bed/2-bath spacious ranch on a large lot in a gated community. This home offers an open floor plan, a large open kitchen with drop in range island, separate dining room, large family room, large master bedroom, nice 2nd bedroom, an 8x25 lanai, a carport, and a storage shed. Bass Lake is a gated community on a 175+/- acre lake with a private dock and boat slips. It features two heated pools, horseshoe pits, shuffleboard courts, billiard room, and card room. The HOA fees include water/sewer/trash/lawn mowing. There is no lot rent as you own the land in this park.

20. 2012-09-20
    soldstatus $52,000 309-char remark

    Show marketing remark (309 chars)

    BASS LAKE - Spacious two bed/two bath unfurnished home. Open floor plan. 21' master bedroom. Kitchen has breakfast bar, separate dining area, 8 x 25' lanai, 2-car carport, storage shed. Appliances include range, almond refrigerator, dishwasher, washer, and dryer. Waterfront gated community on Lake Davenport.

21. 2012-08-15
    listed $67,900 309-char remark

    Show marketing remark (309 chars)

    BASS LAKE - Spacious two bed/two bath unfurnished home. Open floor plan. 21' master bedroom. Kitchen has breakfast bar, separate dining area, 8 x 25' lanai, 2-car carport, storage shed. Appliances include range, almond refrigerator, dishwasher, washer, and dryer. Waterfront gated community on Lake Davenport.

ⓘ 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: $23,151
• − Mortgage interest: −$8,957
• − Property taxes: −$2,398
• − Insurance: −$800
• − Repairs & maintenance: −$1,852
• − Management: −$1,852
• − HOA: −$2,880
• − Depreciation: −$4,652
• Taxable loss: −$239
• Est. tax savings @ 24.0%: +$57
• After-tax cash flow: $2,207/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

• Census place: Four Corners, FL
• 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

+135.5% since first listed

11 events — show timeline

• 2026-04-27 Price Changed $159,900 Stellar MLS as Distributed by MLS Grid
• 2026-02-26 Listed $175,000 Stellar MLS as Distributed by MLS Grid
• 2016-04-29 Sold (MLS) $69,900 Stellar MLS as Distributed by MLS Grid
• 2016-01-25 Pending — Stellar MLS as Distributed by MLS Grid
• 2015-11-12 Relisted — Stellar MLS as Distributed by MLS Grid
• 2015-11-10 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2015-10-12 Price Changed $69,900 Stellar MLS as Distributed by MLS Grid
• 2015-05-11 Price Changed $74,900 Stellar MLS as Distributed by MLS Grid
• 2015-02-18 Listed $79,900 Stellar MLS as Distributed by MLS Grid
• 2012-09-20 Sold (MLS) $52,000 Stellar MLS as Distributed by MLS Grid
• 2012-08-15 Listed $67,900 Stellar MLS as Distributed by MLS Grid