700 Jersey Ct · Dundee, FL 33838

$163,500

4 bd · 2.5 ba · 784 sqft · Manufactured public records · 130 Days on market

Built 1979 5,223 sqft 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 +26.5/30.0
• Appreciation +10.0/10.0
• DSCR +9.0/10.0
• ARV discount +7.5/15.0
• 1% rule +6.3/10.0
• Schools +3.5/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

TWO SINGLE-WIDE HOMES WITH SHARED POOL. Listing includes PID 29-28-27-000000-022250 , so double the lot size. Ideal set-up for in-law quarters or as income property. Owner says sell!! Each home has a screen room and attached carport. Each lot is 50x104 and is deeded separately. Home #1 is in move-in condition with split bedrooms, inside utility & large screen room. All new plumbing two years ago. Home #2 needs work, but also is a split bedroom, 1 1/2 baths, and screen room plus utility shed. The property is well cared for and has many flowering bushes, trees & plants, and provides privacy and opportunity for outdoor enjoyment. The screened pool is well maintained with solar tubular heating. Completely chain link - fenced. Walking distance to the active shopping center of Dundee.

Key facts

• Convenient location
• Shared private pool
• 5,223 sq ft lot

Tags

• SHARED PRIVATE POOL
• CONVENIENT LOCATION

Property features AI

Finance

• Other: Lot about 0.12 acres (approx. 50 x 104); Total acreage: less than 1/4 acre; Additional parcel(s) included
• HOA & community: No HOA/association

Exterior

• Parking: Driveway; Off-street parking
• Utilities: Public water; Septic tank; Electricity connected; Sewer connected; Water connected
• Home design: Residential manufactured home (single wide); Fixer condition; One story; Faces south; Entry level: Crawlspace foundation
• Construction: Vinyl siding; Metal roof; Built area reported (building area total 1,396 sq ft)
• Exterior features: In-ground private pool; Storage; Gravel road

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: 4 bedrooms
• Flooring: Laminate flooring; Vinyl flooring
• Bathrooms: 2 full bathrooms; 1 half bathroom
• Heating & cooling: Other heating; Wall/window air conditioning units
• Interior features: No interior features specified; Storage
• Laundry & utility: Laundry: Other

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath manufactured listed at $164k.

Deal economics

• At list price, monthly cash flow is $4 ($49/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $164k).
• Recommended offer: $144k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 65/100 on livability (#638 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B+; Watch: employment D+, 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.
• Zoned schools: Elbert Elementary School (math 35% / reading 37%, grade F, #1,670 of 2,144 statewide, top 78%, 601 students, 62% FRL); Denison Middle School (math 24% / reading 25%, grade F, #522 of 571 statewide, top 93%, 738 students, 69% FRL); Haines City Senior High School (math 12% / reading 32%, grade F, #544 of 667 statewide, top 82%, 2,700 students, 58% FRL) — zoned schools at 63% FRL track the district average.
• Zoned-school proficiency averages 28% at this address vs 41% district-wide (-14 pts) — the specific schools serving this property underperform the Polk average; the district grade overstates school quality for this exact location.
• Market conditions: 150 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

• In year one you build about $17k of equity ($1k loan paydown + $16k appreciation (10.0% local appreciation)).
• Polk County population projected at +33% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $46k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$44k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 130 days — a 12% lower offer ($144k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 20y 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 $30k; list at $164k implies a 445% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.

Recommended offer $143,880 (12.0% below list)

Questions for the listing agent

1. It's been on market 130 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1979 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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 D-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. 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.
8. 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.
9. 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: 1.13% ✓
• Cap rate: 9.45%
• Cash-on-cash: 11.29%
• DSCR: 1.50
• GRM: 7.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 24.4%
• Equity multiple: 2.96×
• Total profit: $89,536
• Equity at exit: $147,294

10-year hold

• IRR: 21.6%
• Equity multiple: 6.76×
• Total profit: $263,919
• Equity at exit: $317,645

Cash invested: $45,780 (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 33838

• Home prices YoY: 17.6%
• Active inventory: 150
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $1,850 medium
• Mortgage (P&I): −$857
• Tax from tax record: −$105 /mo · $1,264/yr
• Insurance: −$68
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$388
• Net cashflow: $4

Break-even live

Break-even rent $1,845

Max offer price $163,500

Occupancy floor 95%

Sensitivity live

Price	-10% $97	-5% $50	+0% $4	+5% $-42	+10% $-88
Rent	-10% $-142	-5% $-69	+0% $4	+5% $77	+10% $150
Rate	-1.0pp $86	-0.5pp $46	base $4	+0.5pp $-38	+1.0pp $-81

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: $40,875
• Closing costs: $4,905
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
610 Dundee Rd Unit 1 Dundee, FL	3.0	1.0	809	$1,850	$2.29	25d	1	0.49mi

Listing history 31 events

1. 2026-06-22
   days on market $163,500 Active 130 DOM
2. 2026-06-18
   days on market $163,500 Active 127 DOM
3. 2026-06-17
   days on market $163,500 Active 126 DOM
4. 2026-06-16
   days on market $163,500 Active 125 DOM
5. 2026-06-15
   days on market $163,500 Active 124 DOM
6. 2026-06-13
   days on market $163,500 Active 122 DOM
7. 2026-06-10
   days on market $163,500 Active 119 DOM
8. 2026-06-09
   days on market $163,500 Active 118 DOM
9. 2026-06-08
   days on market $163,500 Active 117 DOM
10. 2026-06-07
    days on market $163,500 Active 116 DOM
11. 2026-06-05
    days on market $163,500 Active 113 DOM
12. 2026-06-03
    days on market $163,500 Active 111 DOM
13. 2026-06-01
    days on market $163,500 Active 110 DOM
14. 2026-05-31
    days on market $163,500 Active 109 DOM
15. 2026-02-11
    listed $163,500 Active
16. 2012-03-06
    soldstatus $30,000
17. 2012-03-01
    soldstatus $30,000 802-char remark

    Show marketing remark (802 chars)

    TWO SINGLE-WIDE HOMES WITH SHARED POOL. Listing includes PID 29-28-27-000000-022250 , so double the lot size. Ideal set-up for in-law quarters or as income property. Owner says sell!! Each home has a screen room and attached carport. Each lot is 50x104 and is deeded separately. Home #1 is in move-in condition with split bedrooms, inside utility & large screen room. All new plumbing two years ago. Home #2 needs work, but also is a split bedroom, 1 1/2 baths, and screen room plus utility shed. The property is well cared for and has many flowering bushes, trees & plants, and provides privacy and opportunity for outdoor enjoyment. The screened pool is well maintained with solar tubular heating. Completely chain link - fenced. Walking distance to the active shopping center of Dundee.

18. 2011-12-29
    historical

    Show marketing remark (802 chars)

    TWO SINGLE-WIDE HOMES WITH SHARED POOL. Listing includes PID 29-28-27-000000-022250 , so double the lot size. Ideal set-up for in-law quarters or as income property. Owner says sell!! Each home has a screen room and attached carport. Each lot is 50x104 and is deeded separately. Home #1 is in move-in condition with split bedrooms, inside utility & large screen room. All new plumbing two years ago. Home #2 needs work, but also is a split bedroom, 1 1/2 baths, and screen room plus utility shed. The property is well cared for and has many flowering bushes, trees & plants, and provides privacy and opportunity for outdoor enjoyment. The screened pool is well maintained with solar tubular heating. Completely chain link - fenced. Walking distance to the active shopping center of Dundee.

19. 2011-12-29
    listed $35,000 802-char remark

    Show marketing remark (802 chars)

    TWO SINGLE-WIDE HOMES WITH SHARED POOL. Listing includes PID 29-28-27-000000-022250 , so double the lot size. Ideal set-up for in-law quarters or as income property. Owner says sell!! Each home has a screen room and attached carport. Each lot is 50x104 and is deeded separately. Home #1 is in move-in condition with split bedrooms, inside utility & large screen room. All new plumbing two years ago. Home #2 needs work, but also is a split bedroom, 1 1/2 baths, and screen room plus utility shed. The property is well cared for and has many flowering bushes, trees & plants, and provides privacy and opportunity for outdoor enjoyment. The screened pool is well maintained with solar tubular heating. Completely chain link - fenced. Walking distance to the active shopping center of Dundee.

20. 2011-08-24
    historical
21. 2011-08-22
    listed $35,000
22. 2010-02-15
    listed $80,000
23. 2008-06-04
    listed $87,500
24. 2007-07-26
    historical
25. 2007-07-26
    listed $55,000
26. 2007-07-26
    historical
27. 2007-06-05
    listed $159,900
28. 2007-04-23
    listed $159,900
29. 2006-03-09
    listed $57,500
30. 1998-01-22
    soldstatus $58,000
31. 1995-01-11
    soldstatus $28,000

ⓘ 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: $1,264 · $105/mo
• Projected year-2 tax: $1,357 · $113/mo
• Expected delta: +$93/yr (+$8/mo · 7.4%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone AE · 22% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 8/10 Severe 6 d/yr ≥108°F today · 18 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: $22,200
• − Mortgage interest: −$9,159
• − Property taxes: −$1,264
• − Insurance: −$5,936
• − Repairs & maintenance: −$1,776
• − Management: −$1,776
• − Depreciation: −$4,756
• Taxable loss: −$2,467
• Est. tax savings @ 24.0%: +$592
• After-tax cash flow: $641/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 — Dundee

• Score: 65/100
• State rank: #638
• US rank: #12542

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Dundee, FL
• City population: 5,431
• Population (ZIP): 5,431

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 0.63)
• Race & ethnicity: Hispanic / Latino 50% White 30% Black 14% Two or more races 7% Asian 3%
• Hispanic origin (detail): Mexican 14% Puerto Rican 19% Dominican 6%
• Common ancestry: Portuguese 1%
• Foreign-born: 18% · Canada, Guatemala
• Languages at home: 53% English-only · Spanish 47%

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: ▲ 54.34%
• Current HPI: 363.9764
• Rent YoY: —
• Metro: —
• 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

+483.9% since first listed

17 events — show timeline

• 2026-02-11 Listed $163,500 Stellar MLS as Distributed by MLS Grid
• 2012-03-06 Sold (Public Records) $30,000 Public Records
• 2012-03-01 Sold (MLS) $30,000 Stellar MLS as Distributed by MLS Grid
• 2011-12-29 Listed $35,000 Stellar MLS as Distributed by MLS Grid
• 2011-12-29 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2011-08-24 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2011-08-22 Listed $35,000 Stellar MLS as Distributed by MLS Grid
• 2010-02-15 Listed $80,000 Stellar MLS as Distributed by MLS Grid
• 2008-06-04 Listed $87,500 Stellar MLS as Distributed by MLS Grid
• 2007-07-26 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2007-07-26 Listed $55,000 Stellar MLS as Distributed by MLS Grid
• 2007-07-26 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2007-06-05 Listed $159,900 Stellar MLS as Distributed by MLS Grid
• 2007-04-23 Listed $159,900 Stellar MLS as Distributed by MLS Grid
• 2006-03-09 Listed $57,500 Stellar MLS as Distributed by MLS Grid
• 1998-01-22 Sold (Public Records) $58,000 Public Records
• 1995-01-11 Sold (Public Records) $28,000 Public Records

Property tax history

+3.8%/yr

Latest (2025): $1,264 · +2.3% YoY. Source: county tax records.