9000 US Hwy 192 #598 · Four Corners, FL 34714

$139,900

1 bd · 1.0 ba · 388 sqft · Condo public records · 94 Days on market

Built 1991 $256/mo HOA · 19% of rent

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Why this score? — see what drove the D 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 +10.9/30.0
• ARV discount +7.5/15.0
• 1% rule +4.9/10.0
• Appreciation +4.8/10.0
• Schools +3.5/10.0
• Livability +3.5/5.0
• DSCR +3.2/10.0
• Condition / age +2.5/5.0
• Rent growth +1.6/5.0

Listing remarks MLS

Park model with addition, located in a resort type lake front, golf course community, on a large corner lot. This property is nicely furnished and just a short distance from the clubhouse.

Key facts

• New siding
• Boat access
• Upgraded insulation

Tags

• CORNER LOT
• NEW SIDING
• DOUBLE-PANE WINDOWS
• UPGRADED INSULATION
• GATED RESORT COMMUNITY
• BOAT ACCESS

Property features AI

Finance

• Other: Property type: Manufactured home; Living area approximately 708 square feet; Lot approximately 0.05 acre (about 207 m²); Water access to Lake Davenport (lake access; skiing allowed); Unit is furnished
• Financial info: Total monthly fees shown as $256; Total annual fees shown as $3,072; Lease restrictions apply
• HOA & community: Association: Sabrina Stone; Monthly HOA: $256 (Quarterly fee $768); Association approval required; Association amenities include clubhouse, pool, gated access, park, playground, tennis courts, golf, dog park, community mailbox, street lights, and security; Full-time management; Buyer approval required; Pets allowed with breed restrictions; Special community restrictions and fence restrictions; Golf carts allowed

Exterior

• Parking: No specific parking details provided
• Security: Gated community
• Utilities: Private water; Private sewer; Broadband/high-speed internet available; Cable connected; Electricity connected; Sewer connected; Water connected
• Home design: Residential manufactured home; Single-wide body type; Two stories; Faces northeast
• Construction: Vinyl siding and frame construction; Membrane roof; Crawlspace foundation; Built as a completed home
• Exterior features: Lighting; Rain gutters; Storage; No patio or porch listed; In county lot; Near golf course; Near public transit; Paved lot; Asphalt road

Interior

• Kitchen: Microwave; Range; Refrigerator; Water filtration system
• Bedrooms: 1 bedroom
• Flooring: Laminate
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; Kitchen/family room combo; Thermostat; Skylight(s); Blinds; Double-pane windows
• Laundry & utility: Inside laundry room; Electric water heater

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $140k.

Deal economics

• At list price, monthly cash flow is $-62 ($-743/yr) — negative.
• To cash-flow at today's rent, offer at most $129k (7.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $138k (1.3% below list).
• Recommended offer: $127k (9.0% below list) — sets the bar for market timing.
• Cap rate 5.8% 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: 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.
• Zoned schools: Loughman Oaks Elementary School (math 36% / reading 36%, grade F, #1,670 of 2,144 statewide, top 78%, 1,052 students, 37% FRL); Lake Alfred Polytech Academy (math 41% / reading 43%, grade D-, #340 of 571 statewide, top 61%, 645 students, 59% FRL); Davenport High School (2,333 students, 37% FRL) — zoned schools average 44% FRL vs 60% district-wide (15 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents falling (-3.5%/yr); 729 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 $505 of equity ($967 loan paydown + $-462 appreciation (-0.3% 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 94 days — a 9% lower offer ($127k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 17y 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.
• Current owner paid $62k; list at $140k implies a 126% 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 $127,309 (9.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 94 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. 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?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
9. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
10. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
11. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
12. 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.
13. 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.
14. 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: 0.99% ✗
• Cap rate: 5.76%
• Cash-on-cash: -1.90%
• DSCR: 0.92
• GRM: 8.4

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: -8.1%
• Equity multiple: 0.64×
• Total profit: $-14,106
• Equity at exit: $38,329

10-year hold

• IRR: -4.5%
• Equity multiple: 0.58×
• Total profit: $-16,500
• Equity at exit: $44,282

Cash invested: $39,172 (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: 729
• Price-to-rent: 8.4×

Monthly cashflow live

• Estimated rent: $1,381 medium
• Mortgage (P&I): −$734
• Tax from tax record: −$105 /mo · $1,260/yr
• Insurance: −$58
• HOA: −$256
• Vacancy / Maint / Mgmt: −$290
• Net cashflow: $-62

Break-even live

Break-even rent $1,459

Max offer price $128,956

Occupancy floor 99%

Sensitivity live

Price	-10% $17	-5% $-22	+0% $-62	+5% $-102	+10% $-141
Rent	-10% $-171	-5% $-117	+0% $-62	+5% $-7	+10% $47
Rate	-1.0pp $9	-0.5pp $-26	base $-62	+0.5pp $-98	+1.0pp $-135

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: $34,975
• Closing costs: $4,197
• 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	12d	1	0.15mi

HOA detail condo

• Monthly dues: $256 · $3,072/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 22 events

1. 2026-06-22
   days on market $139,900 Active 94 DOM
2. 2026-06-18
   days on market $139,900 Active 91 DOM
3. 2026-06-17
   days on market $139,900 Active 90 DOM
4. 2026-06-16
   days on market $139,900 Active 89 DOM
5. 2026-06-15
   days on market $139,900 Active 88 DOM
6. 2026-06-13
   days on market $139,900 Active 86 DOM
7. 2026-06-10
   days on market $139,900 Active 83 DOM
8. 2026-06-09
   days on market $139,900 Active 82 DOM
9. 2026-06-08
   days on market $139,900 Active 81 DOM
10. 2026-06-07
    days on market $139,900 Active 80 DOM
11. 2026-06-05
    days on market $139,900 Active 77 DOM
12. 2026-06-03
    days on market $139,900 Active 76 DOM
13. 2026-06-03
    days on market $139,900 Active 75 DOM
14. 2026-06-01
    days on market $139,900 Active 74 DOM
15. 2026-05-31
    days on market $139,900 Active 73 DOM
16. 2026-03-19
    price $139,900
17. 2026-03-19
    listed $139,000 Active
18. 2009-06-02
    soldstatus $62,000
19. 2009-05-29
    soldstatus $62,000 188-char remark

    Show marketing remark (188 chars)

    Park model with addition, located in a resort type lake front, golf course community, on a large corner lot. This property is nicely furnished and just a short distance from the clubhouse.

20. 2009-02-26
    listed $68,500 188-char remark

    Show marketing remark (188 chars)

    Park model with addition, located in a resort type lake front, golf course community, on a large corner lot. This property is nicely furnished and just a short distance from the clubhouse.

21. 2005-01-12
    soldstatus $53,000
22. 1996-03-01
    soldstatus $52,000

ⓘ 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: $1,260 · $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: $16,572
• − Mortgage interest: −$7,837
• − Property taxes: −$1,260
• − Insurance: −$700
• − Repairs & maintenance: −$1,326
• − Management: −$1,326
• − HOA: −$3,072
• − Depreciation: −$4,070
• Taxable loss: −$3,017
• Est. tax savings @ 24.0%: +$724
• After-tax cash flow: $-19/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

+169.0% since first listed

7 events — show timeline

• 2026-03-19 Price Changed $139,900 Stellar MLS as Distributed by MLS Grid
• 2026-03-19 Listed $139,000 Stellar MLS as Distributed by MLS Grid
• 2009-06-02 Sold (Public Records) $62,000 Public Records
• 2009-05-29 Sold (MLS) $62,000 Stellar MLS as Distributed by MLS Grid
• 2009-02-26 Listed $68,500 Stellar MLS as Distributed by MLS Grid
• 2005-01-12 Sold (Public Records) $53,000 Public Records
• 1996-03-01 Sold (Public Records) $52,000 Public Records

Property tax history

+5.5%/yr

Latest (2025): $1,260 · +15.3% YoY. Source: county tax records.