2230 4th St · Fuller Heights, FL 33860

$125,000

2 bd · 1.0 ba · 816 sqft · SingleFamily public records · 21 Days on market

Built 1960 0.41 ac lot

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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 +28.0/30.0
• DSCR +9.9/10.0
• 1% rule +7.6/10.0
• ARV discount +7.5/15.0
• Schools +3.5/10.0
• Livability +3.2/5.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Under contract-accepting backup offers. Calling all investors, builders, and cash buyers! Opportunity is knocking at 2230 4th St in Mulberry. Situated on a spacious approximately 0.41-acre lot, this property offers incredible potential for renovation, redevelopment, or a fresh new build. The existing 3-bedroom, 1-bath wood-frame home is in need of significant repairs and is being sold strictly as-is. Whether you’re looking for your next fix-and-flip project, rental investment, or homesite for new construction, the value here is in the possibilities and the oversized lot. Located in an established area of Mulberry with convenient access to schools, shopping, and major roadways. Large l

Key facts

• 0.41-acre lot
• Oversized lot
• 0.41 acre lot

Tags

• 0.41-ACRE LOT
• OVERSIZED LOT
• CONVENIENT ACCESS TO SCHOOLS
• CONVENIENT ACCESS TO SHOPPING

Property features AI

Finance

• Other: Property zoned RC; Total lot size about 0.41 acre
• Financial info: No investor or income/expense details provided
• HOA & community: No HOA

Exterior

• Parking: No parking details provided
• Security: No security features reported
• Utilities: Public water; No sewer listed; Cable available; Electricity available
• Home design: Single-family residence; One story; Faces north; Fixer condition
• Construction: Frame construction; Shingle roof; Crawlspace foundation; Built area about 816 (public records)
• Exterior features: Paved road access; Lot dimensions approximately 120 x 150

Interior

• Kitchen: No appliances reported
• Bedrooms: 3 bedrooms (one-story home)
• Flooring: Carpet; Laminate
• Bathrooms: 1 full bathroom
• Heating & cooling: Heating: Other; Cooling: Wall/window unit(s)
• Interior features: No notable interior features reported
• Laundry & utility: Laundry room located outside

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $125k.

Deal economics

• At list price, monthly cash flow is $389 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $125k).
• Recommended offer: $123k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 63/100 on livability (#720 in FL) — a middle-class / working-renter tenant base. Strengths: housing A+, cost of living A-, crime B; Watch: amenities F, commute F, health & safety D-.
• 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: Purcell Elementary School (math 41% / reading 34%, grade F, #1,596 of 2,144 statewide, top 75%, 516 students, 64% FRL); Mulberry Senior High School (math 21% / reading 36%, grade F, #458 of 667 statewide, top 69%, 1,315 students, 57% FRL) — zoned schools at 60% FRL track the district average.
• Market conditions: Rents rising (+1.6%/yr); 180 active listings in the ZIP; 2 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 $864 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 21 days — a 2% lower offer ($123k) is reasonable based on typical stale-listing flexibility.

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 $123,125 (1.5% below list)

Questions for the listing agent

1. Built in 1960 — 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. 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: 1.26% ✓
• Cap rate: 10.02%
• Cash-on-cash: 13.32%
• DSCR: 1.59
• GRM: 6.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 1.59% rent growth · sell at horizon

5-year hold

• IRR: 1.7%
• Equity multiple: 1.07×
• Total profit: $2,306
• Equity at exit: $18,638

10-year hold

• IRR: 9.9%
• Equity multiple: 1.72×
• Total profit: $25,160
• Equity at exit: $10,808

Cash invested: $35,000 (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 33860

• Home prices YoY: -22.4%
• Rents YoY: 1.6%
• Active inventory: 180
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $1,575 medium
• Mortgage (P&I): −$656
• Tax from tax record: −$148 /mo · $1,775/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$331
• Net cashflow: $389

Break-even live

Break-even rent $1,083

Max offer price $125,000

Occupancy floor 70%

Sensitivity live

Price	-10% $459	-5% $424	+0% $389	+5% $353	+10% $318
Rent	-10% $264	-5% $326	+0% $389	+5% $451	+10% $513
Rate	-1.0pp $451	-0.5pp $420	base $389	+0.5pp $356	+1.0pp $323

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: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
177 Lakeview Dr Mulberry, FL	1.0	1.5	864	$1,100	$1.27	15d	1	1.20mi
807 NW 1st Ave Mulberry, FL	2.0	1.0	832	$1,675	$2.01	15d	1	1.44mi

Listing history 15 events

1. 2026-06-18
   status $125,000 Pending 21 DOM
2. 2026-06-17
   days on market $125,000 Active 21 DOM
3. 2026-06-16
   days on market $125,000 Active 20 DOM
4. 2026-06-15
   days on market $125,000 Active 19 DOM
5. 2026-06-13
   days on market $125,000 Active 17 DOM
6. 2026-06-10
   days on market $125,000 Active 14 DOM
7. 2026-06-09
   days on market $125,000 Active 13 DOM
8. 2026-06-08
   days on market $125,000 Active 12 DOM
9. 2026-06-07
   days on market $125,000 Active 11 DOM
10. 2026-06-05
    days on market $125,000 Active 8 DOM
11. 2026-06-03
    days on market $125,000 Active 7 DOM
12. 2026-06-03
    days on market $125,000 Active 6 DOM
13. 2026-06-01
    days on market $125,000 Active 5 DOM
14. 2026-05-31
    days on market $125,000 Active 4 DOM
15. 2026-05-27
    listed $125,000 Active

ⓘ 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: $1,775 · $148/mo
• Projected year-2 tax: $1,775 · $148/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 9/10 Extreme 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: $18,897
• − Mortgage interest: −$7,002
• − Property taxes: −$1,775
• − Insurance: −$625
• − Repairs & maintenance: −$1,512
• − Management: −$1,512
• − Depreciation: −$3,636
• Taxable income: $2,835
• Est. tax owed @ 24.0%: −$680
• After-tax cash flow: $3,982/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 — Fuller Heights

• Score: 63/100
• State rank: #720
• US rank: #15426

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Fuller Heights, FL
• County: Polk County · 740,051 people
• Metro: Lakeland-Winter Haven, FL
• Population (ZIP): 24,892
• Household income: $65,710
• Rent vs Own: 30.7% rent · 69.3% own
• Severe rent burden: 583.0

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 0.60)
• Race & ethnicity: White 53% Hispanic / Latino 33% Two or more races 12% Black 10% Asian 1% Native American 1%
• Hispanic origin (detail): Mexican 19% Puerto Rican 7% Cuban 2%
• Common ancestry: Lithuanian 2% Romanian 1% Slovak 1%
• Foreign-born: 15% · Canada
• Languages at home: 70% English-only · Spanish 28% Other Indo-European 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: ▼ -101.08%
• Current HPI: 349.7266
• Rent YoY: ▲ 1.59%
• 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

1 event — show timeline

• 2026-05-27 Listed $125,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+15.3%/yr

Latest (2025): $1,775 · +14.8% YoY. Source: county tax records.