2408 Avenue A Ter NW · Winter Haven, FL 33880

$189,000

3 bd · 1.0 ba · 1,624 sqft · SingleFamily public records · 9 Days on market

Built 1956 10,018 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 +19.0/30.0
• ARV discount +7.5/15.0
• DSCR +6.0/10.0
• 1% rule +5.2/10.0
• Livability +3.7/5.0
• Schools +3.5/10.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Looking for space, character, and the opportunity to add value? This long-time family home, lovingly owned since 1973, offers over 1,600 square feet and is located in desirable Northwest Winter Haven, just one block from a public park and only minutes from a neighborhood boat ramp with access to Lake Howard and the Winter Haven Chain of Lakes. Several updates have already been completed on one side of the home, including improvements to the kitchen and main bathroom, allowing buyers to move in and enjoy while completing additional projects over time. The half bath, den, workshop, and patio area provide excellent opportunities to customize and build equity. Whether you're a homeowner with a

Key facts

• Chain of lakes
• Large yard
• Public park

Tags

• PUBLIC PARK
• NEIGHBORHOOD BOAT RAMP
• ACCESS TO LAKE HOWARD
• CHAIN OF LAKES
• LARGE YARD

Property features AI

Finance

• Other: Property type: Single Family Residence; Lot about 0.23 acres (0 to less than 1/4 acre); Zoned residential
• HOA & community: No association indicated; Pets allowed

Exterior

• Utilities: Public water; Public sewer; Electricity connected; Water connected; Sewer connected
• Home design: Single family residence; Residential property; One level; Faces north
• Construction: Block, stucco, and wood siding construction; Shingle roof; Slab foundation; Built on one level
• Exterior features: Chain link fence; Paved public road access

Interior

• Kitchen: Dishwasher; Range; Refrigerator; Electric water heater
• Bedrooms: 3 bedrooms
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Electric heating; Central air conditioning
• Interior features: Ceiling fans; Inside utility
• Laundry & utility: Laundry inside

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $189k.

Deal economics

• At list price, monthly cash flow is $197 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $189k).

Location & tenants

• Location reads 74/100 on livability (#291 in FL, #4,898 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A; Watch: schools C-, employment C-, amenities 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 rising (+2.5%/yr); 341 active listings in the ZIP; 26 comparable units currently listed for rent nearby; rentals at typical pace (median 20d 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 41% of the median local income ($56k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k 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 9 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $14k; list at $189k implies a 1290% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1956 — 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 $189,000

Questions for the listing agent

1. Built in 1956 — 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. 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.
4. 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.
5. 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: 1.02% ✓
• Cap rate: 7.54%
• Cash-on-cash: 4.47%
• DSCR: 1.20
• GRM: 8.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.47% rent growth · sell at horizon

5-year hold

• IRR: -9.9%
• Equity multiple: 0.64×
• Total profit: $-19,063
• Equity at exit: $28,181

10-year hold

• IRR: -1.2%
• Equity multiple: 0.92×
• Total profit: $-4,430
• Equity at exit: $16,341

Cash invested: $52,920 (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 33880

• Home prices YoY: -16.2%
• Rents YoY: 2.5%
• Active inventory: 341
• Price-to-rent: 8.1×

Monthly cashflow live

• Estimated rent: $1,937 high
• Mortgage (P&I): −$991
• Tax from tax record: −$263 /mo · $3,161/yr
• Insurance: −$79
• HOA: −$0
• Vacancy / Maint / Mgmt: −$407
• Net cashflow: $197

Break-even live

Break-even rent $1,688

Max offer price $189,000

Occupancy floor 85%

Sensitivity live

Price	-10% $304	-5% $250	+0% $197	+5% $143	+10% $90
Rent	-10% $44	-5% $120	+0% $197	+5% $273	+10% $350
Rate	-1.0pp $292	-0.5pp $245	base $197	+0.5pp $148	+1.0pp $98

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: $47,250
• Closing costs: $5,670
• Reserves months: —
• Total cash needed: —

Rent comps 26 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2414 Avenue A Ter NW Winter Haven, FL	3.0	2.0	1456	$1,900	$1.30	15d	1	0.05mi
2416 Avenue B SW Winter Haven, FL	3.0	2.0	1373	$2,000	$1.46	24d	1	0.22mi
2214 Avenue B SW Winter Haven, FL	3.0	2.0	1336	$1,775	$1.33	24d	1	0.26mi
2014 S Lake Cannon Dr NW Winter Haven, FL	3.0	2.0	1403	$2,350	$1.67	24d	1	0.61mi
729 Crestwood Dr Winter Haven, FL	3.0	1.0	1156	$1,550	$1.34	24d	1	0.66mi
1532 Wallace Manor Ave Winter Haven, FL	4.0	2.0	1300	$1,799	$1.38	22d	1	0.71mi
1625 Wallace Manor Blvd Winter Haven, FL	3.0	2.0	1700	$1,850	$1.09	24d	1	0.76mi
604 Patrick Ave Winter Haven, FL	3.0	1.0	1170	$1,850	$1.58	4d	1	0.82mi
914 Whisper Lake Dr Winter Haven, FL	3.0	2.0	1961	$1,809	$0.92	4d	1	0.82mi
502 Glad Rd Winter Haven, FL	3.0	2.0	1340	$1,815	$1.35	15d	1	0.90mi
1309 26th St NW Winter Haven, FL	3.0	2.0	1687	$1,950	$1.16	24d	1	0.92mi
309 Vaniman Ave Winter Haven, FL	3.0	1.0	1089	$1,610	$1.48	24d	1	0.95mi
1254 34th St NW Winter Haven, FL	3.0	2.0	1102	$1,690	$1.53	4d	1	1.06mi
1407 28th St NW Winter Haven, FL	4.0	2.0	1709	$1,800	$1.05	24d	1	1.08mi
5004 Dream Dr Winter Haven, FL	1.0–2.0	1.0–2.0	859	$1,899	$2.21	4d	71	1.09mi
5004 Dream Dr Winter Haven, FL	1.0–2.0	1.0–2.0	859	$1,899	$2.21	15d	76	1.09mi
122 4th Jpv St Winter Haven, FL	4.0	2.0	1498	$2,195	$1.47	20d	1	1.17mi
1335 34th St NW Winter Haven, FL	2.0	2.0	1200	$1,706	$1.42	4d	1	1.20mi
3823 Avenue J NW Winter Haven, FL	3.0	1.0	1050	$1,696	$1.62	4d	1	1.24mi
1300 S Lake Howard Dr Winter Haven, FL	1.0–3.0	1.5–2.0	1464	$2,100	$1.43	11d	20	1.24mi
1630 17th St NW Unit 1545923P Winter Haven, FL	2.0	2.0	1636	$2,091	$1.28	15d	1	1.25mi
310 Mayfair Pl SW Winter Haven, FL	2.0	2.0	1240	$1,525	$1.23	24d	1	1.28mi
760 Avenue C SW Unit 104 Winter Haven, FL	3.0	3.0	1523	$1,750	$1.15	24d	1	1.30mi
701 Bates Ave SW Unit 203 Winter Haven, FL	3.0	2.0	1100	$1,700	$1.55	4d	1	1.35mi
701 Bates Ave SW Unit 102 Winter Haven, FL	3.0	2.0	1100	$1,700	$1.55	24d	1	1.35mi
737 Buccaneer Blvd Winter Haven, FL	4.0	3.0	1995	$2,250	$1.13	15d	1	1.49mi

Listing history 11 events

1. 2026-06-18
   days on market $189,000 Active 9 DOM
2. 2026-06-17
   days on market $189,000 Active 8 DOM
3. 2026-06-16
   days on market $189,000 Active 7 DOM
4. 2026-06-15
   remarks 699-char remark
5. 2026-06-15
   days on market $189,000 Active 6 DOM
6. 2026-06-13
   remarks 665-char remark
7. 2026-06-13
   statusdays on market $189,000 Active 4 DOM
8. 2026-06-08
   status $189,000 Pending 3 DOM
9. 2026-06-07
   days on market $189,000 Active 3 DOM
10. 2026-06-05
    remarks 636-char remark
11. 2026-06-05
    listed $189,000 Active 1 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: $3,161 · $263/mo
• Projected year-2 tax: $3,161 · $263/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 2/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥107°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 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,244
• − Mortgage interest: −$10,587
• − Property taxes: −$3,161
• − Insurance: −$945
• − Repairs & maintenance: −$1,860
• − Management: −$1,860
• − Depreciation: −$5,498
• Taxable loss: −$666
• Est. tax savings @ 24.0%: +$160
• After-tax cash flow: $2,523/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 — Winter Haven

• Score: 74/100
• State rank: #291
• US rank: #4898

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Polk County · 740,051 people
• City population: 121,740
• Metro: Lakeland-Winter Haven, FL
• Population (ZIP): 43,371
• Household income: $56,390
• Rent vs Own: 33.4% rent · 66.6% own
• Severe rent burden: 1412.0

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 0.65)
• Race & ethnicity: White 49% Hispanic / Latino 27% Black 17% Two or more races 14% Asian 1%
• Hispanic origin (detail): Mexican 11% Puerto Rican 10% Cuban 2%
• Common ancestry: Hispanic 2% Lithuanian 1% Italian 1%
• Foreign-born: 9% · Canada, Jamaica
• Languages at home: 74% English-only · Spanish 21% French/Haitian/Cajun 4%

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: ▼ -61.41%
• Current HPI: 317.8788
• Rent YoY: ▲ 2.47%
• 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

+1289.7% since first listed

2 events — show timeline

• 2026-06-04 Listed $189,000 Stellar MLS as Distributed by MLS Grid
• 1973-03-01 Sold (Public Records) $13,600 Public Records

Property tax history

+20.1%/yr

Latest (2025): $3,161 · +7.8% YoY. Source: county tax records.