236 2nd Ave N · Crooked Lake Park, FL 33859

$122,000

2 bd · 1.0 ba · 840 sqft · Manufactured public records · 47 Days on market

Built 1983 6,000 sqft lot

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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 +22.7/30.0
• ARV discount +7.5/15.0
• DSCR +7.3/10.0
• 1% rule +5.8/10.0
• Schools +3.5/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Whether you are starting out, slowing down or looking for a great investment property, this home will fit your needs. This furnished, 2BR/1BA home in a no HOA community offers a spacious living room, eat-in kitchen with all appliances included, an extra wide hallway with washer and dryer. The exterior includes new vinyl fencing, a long driveway, storage shed and a separate carport that is currently used as space to enjoy the outdoors with seating and grilling area.

Key facts

• Shed for storage
• Detached carport
• Living room

Tags

• LIVING ROOM
• EAT-IN KITCHEN
• LAUNDRY NOOK
• DETACHED CARPORT
• SHED FOR STORAGE
• NO HOA FEES

Property features AI

Finance

• Other: Partially furnished; Total living area approximately 840 square feet
• HOA & community: No association; Pets allowed

Exterior

• Parking: Driveway; Parking pad
• Utilities: Public water; Public sewer; Electricity connected; Cable available; Fire hydrant nearby; Sewer connected; Water connected
• Home design: Manufactured single-wide home; Residential property; Completed condition; Northeast facing; One level
• Construction: Metal siding and frame construction; Metal roof; Crawlspace foundation; Built on a 60' x 100' (approx.) lot; level on a paved, public-maintained dead-end street
• Exterior features: Covered patio/porch; Private mailbox; Outdoor storage (shed)

Interior

• Kitchen: Dishwasher; Range with range hood; Refrigerator; Electric water heater
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Vinyl
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; Eat-in kitchen; Blinds, drapes and rods
• Laundry & utility: Washer; Dryer; Laundry inside

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $122k.

Deal economics

• At list price, monthly cash flow is $211 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $122k).
• Recommended offer: $118k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 62/100 on livability (#766 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: schools F, 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.
• Market conditions: 261 active listings in the ZIP; 1 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 $843 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

• It's been on market 47 days — a 3% lower offer ($118k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 19y 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

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; major 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 $118,340 (3.0% below list)

Questions for the listing agent

1. It's been on market 47 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
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: 1.08% ✓
• Cap rate: 8.36%
• Cash-on-cash: 7.40%
• DSCR: 1.33
• GRM: 7.7

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: -5.0%
• Equity multiple: 0.81×
• Total profit: $-6,344
• Equity at exit: $18,191

10-year hold

• IRR: 4.7%
• Equity multiple: 1.35×
• Total profit: $11,797
• Equity at exit: $10,548

Cash invested: $34,160 (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 33859

• Home prices YoY: -16.6%
• Active inventory: 261
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $1,318 medium
• Mortgage (P&I): −$640
• Tax from tax record: −$140 /mo · $1,681/yr
• Insurance: −$51
• HOA: −$0
• Vacancy / Maint / Mgmt: −$277
• Net cashflow: $211

Break-even live

Break-even rent $1,052

Max offer price $122,000

Occupancy floor 79%

Sensitivity live

Price	-10% $280	-5% $245	+0% $211	+5% $176	+10% $142
Rent	-10% $106	-5% $159	+0% $211	+5% $263	+10% $315
Rate	-1.0pp $272	-0.5pp $242	base $211	+0.5pp $179	+1.0pp $147

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: $30,500
• Closing costs: $3,660
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4720 Wales St Lake Wales, FL	1.0	1.0	798	$950	$1.19	19d	1	0.27mi

Listing history 22 events

1. 2026-06-18
   days on market $122,000 Active 47 DOM
2. 2026-06-17
   days on market $122,000 Active 46 DOM
3. 2026-06-16
   days on market $122,000 Active 45 DOM
4. 2026-06-15
   remarks 415-char remark
5. 2026-06-15
   price $122,000 Active 44 DOM
6. 2026-06-15
   days on market $127,700 Active 44 DOM
7. 2026-06-13
   days on market $127,700 Active 42 DOM
8. 2026-06-10
   days on market $127,700 Active 39 DOM
9. 2026-06-09
   days on market $127,700 Active 38 DOM
10. 2026-06-08
    days on market $127,700 Active 37 DOM
11. 2026-06-07
    days on market $127,700 Active 36 DOM
12. 2026-06-05
    days on market $127,700 Active 33 DOM
13. 2026-06-03
    days on market $127,700 Active 32 DOM
14. 2026-06-03
    days on market $127,700 Active 31 DOM
15. 2026-06-01
    days on market $127,700 Active 30 DOM
16. 2026-05-31
    days on market $127,700 Active 29 DOM
17. 2026-05-02
    listed $127,700 Active
18. 2023-01-11
    soldstatus $108,000
19. 2023-01-10
    soldstatus $108,000 Closed 469-char remark

    Show marketing remark (469 chars)

    Whether you are starting out, slowing down or looking for a great investment property, this home will fit your needs. This furnished, 2BR/1BA home in a no HOA community offers a spacious living room, eat-in kitchen with all appliances included, an extra wide hallway with washer and dryer. The exterior includes new vinyl fencing, a long driveway, storage shed and a separate carport that is currently used as space to enjoy the outdoors with seating and grilling area.

20. 2022-12-08
    status Pending 469-char remark

    Show marketing remark (469 chars)

    Whether you are starting out, slowing down or looking for a great investment property, this home will fit your needs. This furnished, 2BR/1BA home in a no HOA community offers a spacious living room, eat-in kitchen with all appliances included, an extra wide hallway with washer and dryer. The exterior includes new vinyl fencing, a long driveway, storage shed and a separate carport that is currently used as space to enjoy the outdoors with seating and grilling area.

21. 2022-11-16
    listed $115,000 Active 469-char remark

    Show marketing remark (469 chars)

    Whether you are starting out, slowing down or looking for a great investment property, this home will fit your needs. This furnished, 2BR/1BA home in a no HOA community offers a spacious living room, eat-in kitchen with all appliances included, an extra wide hallway with washer and dryer. The exterior includes new vinyl fencing, a long driveway, storage shed and a separate carport that is currently used as space to enjoy the outdoors with seating and grilling area.

22. 2007-01-19
    listed $48,000

ⓘ 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: $1,681 · $140/mo
• Projected year-2 tax: $1,681 · $140/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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 6/10 Major
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°F today · 25 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,817
• − Mortgage interest: −$6,834
• − Property taxes: −$1,681
• − Insurance: −$610
• − Repairs & maintenance: −$1,265
• − Management: −$1,265
• − Depreciation: −$3,549
• Taxable income: $612
• Est. tax owed @ 24.0%: −$147
• After-tax cash flow: $2,380/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 — Crooked Lake Park

• Score: 62/100
• State rank: #766
• US rank: #17131

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Crooked Lake Park, FL
• County: Polk County · 740,051 people
• Metro: Lakeland-Winter Haven, FL
• Population (ZIP): 11,824
• Household income: $57,760
• Rent vs Own: 28.5% rent · 71.5% own
• Severe rent burden: 408.0

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: Majority White (61%)
• Race & ethnicity: White 61% Hispanic / Latino 25% Two or more races 13% Black 11%
• Hispanic origin (detail): Mexican 11% Puerto Rican 6% Cuban 1% Dominican 4%
• Common ancestry: Lithuanian 2% Romanian 1% Serbian 1%
• Foreign-born: 10% · Canada
• Languages at home: 79% English-only · Spanish 19% 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: ▼ -53.19%
• Current HPI: 267.4537
• 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

+166.0% since first listed

6 events — show timeline

• 2026-05-02 Listed $127,700 Stellar MLS as Distributed by MLS Grid
• 2023-01-11 Sold (Public Records) $108,000 Public Records
• 2023-01-10 Sold (MLS) $108,000 Stellar MLS as Distributed by MLS Grid
• 2022-12-08 Pending — Stellar MLS as Distributed by MLS Grid
• 2022-11-16 Listed $115,000 Stellar MLS as Distributed by MLS Grid
• 2007-01-19 Listed $48,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+15.7%/yr

Latest (2025): $1,681 · +3.4% YoY. Source: county tax records.