9000 US Highway 192 #766 · Four Corners, FL 34714

$90,000

1 bd · 1.0 ba · 396 sqft · Condo public records · 90 Days on market

Built 1987 $255/mo HOA · 18% of rent

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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 +25.9/30.0
• 1% rule +10.0/10.0
• DSCR +8.7/10.0
• ARV discount +7.5/15.0
• Appreciation +4.8/10.0
• Schools +3.5/10.0
• Livability +3.5/5.0
• Condition / age +2.5/5.0
• Rent growth +1.6/5.0

Listing remarks MLS

Nice one bed/one bathroom home just a short distance to the small pool. This home has been well maintained, has new sliding windows in the Florida room, inside stair storage, a 2-car driveway, and a new carport. There is a nice wide walkway on the side of the home leading back to a rear patio complete with a patio set and a barbeque grill. This will make someone a nice home! ORO is a gated lakefront community and features two large heated pools, one heated kiddie pool, children's playground, lighted tennis courts, pickle ball, shuffleboard, par 3 golf course, mini golf fun site, volley ball court, basketball court, bocce ball and horseshoes. There are facilities for all water sports, including a boat ramp. Bring your boat or jet ski and enjoy water skiing and fishing. The clubhouse has a library, lounge where you can play cards or relax, and a large auditorium for community events.

Key facts

• Bright florida room
• Heated kiddie pool
• Private rear patio

Tags

• GATED LAKEFRONT COMMUNITY
• BRIGHT FLORIDA ROOM
• INTERIOR STAIR STORAGE
• PRIVATE REAR PATIO
• RESORT-STYLE AMENITIES
• HEATED KIDDIE POOL

Property features AI

Finance

• Other: Furnished; Association fee includes guard, cable, common area taxes, pool, escrow reserves, grounds maintenance, management, private road, recreational facilities, sewer, trash, water
• Financial info: Total annual fees reported $3,064; Lease restrictions apply
• HOA & community: Association: SABRINA STONE (monthly HOA approximately $255.33; quarterly fee $766); Association approval required; Association amenities: clubhouse, pool, recreation facilities, tennis, pickleball, shuffleboard, playground, dog park, storage, laundry, gated access, golf, community mailboxes, street lights, private road, guard - 24 hour; Buyer approval required; Deed restrictions and special community restrictions; Senior community; Pets allowed; Golf carts OK

Exterior

• Parking: Driveway
• Security: Gated community
• Utilities: Private water source; Private sewer; Broadband/high-speed internet available; Cable connected; Electricity connected; Phone available; Sewer connected; Water connected
• Home design: Manufactured home (single wide); Two levels; Faces south
• Construction: Vinyl siding and frame construction; Metal/other roof; Crawlspace foundation; Built area approximately 676 sq ft
• Exterior features: Covered patio; Patio; Outdoor lighting; Rain gutters; Exterior storage; In county lot; Near golf course; Paved and private lot; Asphalt road; Private maintained road; Lake access (Lake Davenport) — skiing allowed

Interior

• Kitchen: Microwave; Range; Refrigerator
• Bedrooms: 1 bedroom
• Flooring: Laminate; Carpet
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Kitchen/family room combo; Built-in features; Ceiling fans; Eat-in kitchen; Thermostat; Blinds on windows
• Laundry & utility: Washer; Dryer; Electric water heater; Laundry inside

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $90k.

Deal economics

• At list price, monthly cash flow is $221 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $90k).
• Recommended offer: $85k (6.0% below list) — sets the bar for market timing.
• Cap rate 9.2% 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 falling (-3.5%/yr); 716 active listings in the ZIP; 1 comparable units currently listed for rent nearby; solid renter incomes; 10,384 units permitted in Polk County in 2024 (1,716 in 5+ unit buildings).

Forward outlook

• In year one you build about $325 of equity ($622 loan paydown + $-297 appreciation (-0.3% local appreciation)).
• Polk County population projected at +33% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-0.3% appreciation + 0.0% rent growth), your $25k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 90 days — a 6% lower offer ($85k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 11y ago; this cycle's ask has dropped $20k (18%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $53k; list at $90k implies a 70% 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 $84,600 (6.0% below list)

Questions for the listing agent

1. It's been on market 90 days. Have you received any prior offers? Is the seller open to a 6% 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. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
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. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
8. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
9. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
10. 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.
11. 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.
12. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.53% ✓
• Cap rate: 9.24%
• Cash-on-cash: 10.54%
• DSCR: 1.47
• GRM: 5.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-0.33% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 5.5%
• Equity multiple: 1.25×
• Total profit: $6,206
• Equity at exit: $24,658

10-year hold

• IRR: 8.1%
• Equity multiple: 1.75×
• Total profit: $18,886
• Equity at exit: $28,487

Cash invested: $25,200 (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 34714

• Home prices YoY: -0.1%
• Rents YoY: -3.5%
• Active inventory: 716
• Price-to-rent: 5.4×

Monthly cashflow live

• Estimated rent: $1,381 medium
• Mortgage (P&I): −$472
• Tax from tax record: −$105 /mo · $1,260/yr
• Insurance: −$38
• HOA: −$255
• Vacancy / Maint / Mgmt: −$290
• Net cashflow: $221

Break-even live

Break-even rent $1,101

Max offer price $90,000

Occupancy floor 79%

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: $22,500
• Closing costs: $2,700
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
9000 US Highway 192 #115 Clermont, FL	1.0	1.0	364	$950	$2.61	10d	1	0.16mi

HOA detail condo

• Monthly dues: $255 · $3,060/yr
• Likely covers: waterpoolsecurity
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 25 events

1. 2026-06-18
   days on market $90,000 Active 90 DOM
2. 2026-06-17
   days on market $90,000 Active 89 DOM
3. 2026-06-16
   days on market $90,000 Active 88 DOM
4. 2026-06-15
   remarks 693-char remark
5. 2026-06-15
   price $90,000 Active 87 DOM
6. 2026-06-15
   days on market $109,990 Active 87 DOM
7. 2026-06-13
   days on market $109,990 Active 85 DOM
8. 2026-06-10
   days on market $109,990 Active 82 DOM
9. 2026-06-09
   days on market $109,990 Active 81 DOM
10. 2026-06-08
    days on market $109,990 Active 80 DOM
11. 2026-06-07
    days on market $109,990 Active 79 DOM
12. 2026-06-05
    days on market $109,990 Active 76 DOM
13. 2026-06-03
    days on market $109,990 Active 75 DOM
14. 2026-06-03
    days on market $109,990 Active 74 DOM
15. 2026-06-01
    days on market $109,990 Active 73 DOM
16. 2026-05-31
    days on market $109,990 Active 72 DOM
17. 2026-03-20
    listed $109,990 Active
18. 2016-03-15
    historical 895-char remark

    Show marketing remark (895 chars)

    Nice one bed/one bathroom home just a short distance to the small pool. This home has been well maintained, has new sliding windows in the Florida room, inside stair storage, a 2-car driveway, and a new carport. There is a nice wide walkway on the side of the home leading back to a rear patio complete with a patio set and a barbeque grill. This will make someone a nice home! ORO is a gated lakefront community and features two large heated pools, one heated kiddie pool, children's playground, lighted tennis courts, pickle ball, shuffleboard, par 3 golf course, mini golf fun site, volley ball court, basketball court, bocce ball and horseshoes. There are facilities for all water sports, including a boat ramp. Bring your boat or jet ski and enjoy water skiing and fishing. The clubhouse has a library, lounge where you can play cards or relax, and a large auditorium for community events.

19. 2016-03-15
    soldstatus $53,000 Sold 895-char remark

    Show marketing remark (895 chars)

    Nice one bed/one bathroom home just a short distance to the small pool. This home has been well maintained, has new sliding windows in the Florida room, inside stair storage, a 2-car driveway, and a new carport. There is a nice wide walkway on the side of the home leading back to a rear patio complete with a patio set and a barbeque grill. This will make someone a nice home! ORO is a gated lakefront community and features two large heated pools, one heated kiddie pool, children's playground, lighted tennis courts, pickle ball, shuffleboard, par 3 golf course, mini golf fun site, volley ball court, basketball court, bocce ball and horseshoes. There are facilities for all water sports, including a boat ramp. Bring your boat or jet ski and enjoy water skiing and fishing. The clubhouse has a library, lounge where you can play cards or relax, and a large auditorium for community events.

20. 2016-03-15
    soldstatus $53,000

    Show marketing remark (895 chars)

    Nice one bed/one bathroom home just a short distance to the small pool. This home has been well maintained, has new sliding windows in the Florida room, inside stair storage, a 2-car driveway, and a new carport. There is a nice wide walkway on the side of the home leading back to a rear patio complete with a patio set and a barbeque grill. This will make someone a nice home! ORO is a gated lakefront community and features two large heated pools, one heated kiddie pool, children's playground, lighted tennis courts, pickle ball, shuffleboard, par 3 golf course, mini golf fun site, volley ball court, basketball court, bocce ball and horseshoes. There are facilities for all water sports, including a boat ramp. Bring your boat or jet ski and enjoy water skiing and fishing. The clubhouse has a library, lounge where you can play cards or relax, and a large auditorium for community events.

21. 2016-02-26
    status Pending 895-char remark

    Show marketing remark (895 chars)

    Nice one bed/one bathroom home just a short distance to the small pool. This home has been well maintained, has new sliding windows in the Florida room, inside stair storage, a 2-car driveway, and a new carport. There is a nice wide walkway on the side of the home leading back to a rear patio complete with a patio set and a barbeque grill. This will make someone a nice home! ORO is a gated lakefront community and features two large heated pools, one heated kiddie pool, children's playground, lighted tennis courts, pickle ball, shuffleboard, par 3 golf course, mini golf fun site, volley ball court, basketball court, bocce ball and horseshoes. There are facilities for all water sports, including a boat ramp. Bring your boat or jet ski and enjoy water skiing and fishing. The clubhouse has a library, lounge where you can play cards or relax, and a large auditorium for community events.

22. 2016-01-25
    price $54,900 895-char remark

    Show marketing remark (895 chars)

    Nice one bed/one bathroom home just a short distance to the small pool. This home has been well maintained, has new sliding windows in the Florida room, inside stair storage, a 2-car driveway, and a new carport. There is a nice wide walkway on the side of the home leading back to a rear patio complete with a patio set and a barbeque grill. This will make someone a nice home! ORO is a gated lakefront community and features two large heated pools, one heated kiddie pool, children's playground, lighted tennis courts, pickle ball, shuffleboard, par 3 golf course, mini golf fun site, volley ball court, basketball court, bocce ball and horseshoes. There are facilities for all water sports, including a boat ramp. Bring your boat or jet ski and enjoy water skiing and fishing. The clubhouse has a library, lounge where you can play cards or relax, and a large auditorium for community events.

23. 2015-07-27
    listed $59,900 Active 895-char remark

    Show marketing remark (895 chars)

    Nice one bed/one bathroom home just a short distance to the small pool. This home has been well maintained, has new sliding windows in the Florida room, inside stair storage, a 2-car driveway, and a new carport. There is a nice wide walkway on the side of the home leading back to a rear patio complete with a patio set and a barbeque grill. This will make someone a nice home! ORO is a gated lakefront community and features two large heated pools, one heated kiddie pool, children's playground, lighted tennis courts, pickle ball, shuffleboard, par 3 golf course, mini golf fun site, volley ball court, basketball court, bocce ball and horseshoes. There are facilities for all water sports, including a boat ramp. Bring your boat or jet ski and enjoy water skiing and fishing. The clubhouse has a library, lounge where you can play cards or relax, and a large auditorium for community events.

24. 2013-11-19
    soldstatus $50,000
25. 2005-04-20
    soldstatus $49,500

ⓘ 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: $1,260 · $105/mo
• Projected year-2 tax: $1,260 · $105/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 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: $16,570
• − Mortgage interest: −$5,041
• − Property taxes: −$1,260
• − Insurance: −$450
• − Repairs & maintenance: −$1,326
• − Management: −$1,326
• − HOA: −$3,060
• − Depreciation: −$2,618
• Taxable income: $1,489
• Est. tax owed @ 24.0%: −$357
• After-tax cash flow: $2,299/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: Lake County · 364,602 people
• City population: 27,422
• Metro: Orlando-Kissimmee-Sanford, FL
• Population (ZIP): 28,200
• Household income: $75,392
• Rent vs Own: 49.3% rent · 50.7% own
• Severe rent burden: 953.0

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 0.59)
• Race & ethnicity: White 56% Hispanic / Latino 30% Two or more races 25% Black 6% Asian 1%
• Hispanic origin (detail): Mexican 2% Puerto Rican 17% Dominican 2%
• Common ancestry: Romanian 3% Lithuanian 3% Italian 2%
• Foreign-born: 13% · Canada, Jamaica
• Languages at home: 76% English-only · Spanish 19% Other Indo-European 1% 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: ▼ -0.33%
• Current HPI: 256.1331
• Rent YoY: ▼ -3.46%
• Metro: Orlando-Kissimmee-Sanford, 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

+122.2% since first listed

9 events — show timeline

• 2026-03-20 Listed $109,990 Stellar MLS as Distributed by MLS Grid
• 2016-03-15 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2016-03-15 Sold (Public Records) $53,000 Public Records
• 2016-03-15 Sold (MLS) $53,000 Stellar MLS as Distributed by MLS Grid
• 2016-02-26 Pending — Stellar MLS as Distributed by MLS Grid
• 2016-01-25 Price Changed $54,900 Stellar MLS as Distributed by MLS Grid
• 2015-07-27 Listed $59,900 Stellar MLS as Distributed by MLS Grid
• 2013-11-19 Sold (Public Records) $50,000 Public Records
• 2005-04-20 Sold (Public Records) $49,500 Public Records

Property tax history

+6.0%/yr

Latest (2025): $1,260 · +15.9% YoY. Source: county tax records.