548 Martin Luther King Blvd NE · Winter Haven, FL 33881

$160,000

3 bd · 2.0 ba · 2,182 sqft · SingleFamily public records · 45 Days on market

Built 1970 0.34 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 +27.2/30.0
• DSCR +9.5/10.0
• 1% rule +8.3/10.0
• ARV discount +7.5/15.0
• Livability +3.7/5.0
• Schools +3.5/10.0
• Rent growth +3.0/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

* * Back to market and reviewing multiple offers: submit all offers by Monday 5:00 pm 5/25/26 * * Spacious 3-bedroom, 2-bathroom home in Winter Haven priced to sell! This fixer-upper is perfect for investors, flippers, FHA 203(k) buyers, or first-time homeowners looking to build instant equity. With 2,182 sq ft of living space on an 8,442 sq ft lot, this property offers plenty of room for cosmetic and structural improvements. Priced well below market, buyers can capitalize on a significant value-add opportunity in a growing neighborhood. Renovate to create your dream home, or take advantage of strong resale and rental potential.

Key facts

• 0.34 acre lot
• 2 garage spots
• Built 1970

Property features AI

Finance

• Other: Total lot area between 1/4 and less than 1/2 acre (approx. 0.34 acre, 59x142); Two lots; Number of rooms listed as 3; Living area reported at 2,182 and total building area 2,841 (public records); Previous status: Pending; Third-party listing; Listing contact available
• Financial info: No lease restrictions
• HOA & community: No association listed; No association approval required

Exterior

• Parking: Attached 2-car garage (24x20); Driveway
• Utilities: Public water; Public sewer; Cable available; Electricity available; Broadband/high-speed internet available
• Home design: Single family residence; Residential property; Two stories; Faces west; Has additional parcels; Zoning: R-3
• Construction: Block and stucco construction; Shingle roof; Block foundation; Slab foundation; Built on two levels
• Exterior features: Private mailbox; Sidewalk; Paved road access

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Tile; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: No notable interior features listed
• Laundry & utility: No laundry features listed

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $160k.

Deal economics

• At list price, monthly cash flow is $460 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $160k).
• Recommended offer: $155k (3.0% below list) — sets the bar for market timing.

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: employment C-, 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); Winter Haven Senior High School (math 26% / reading 38%, grade F, #415 of 667 statewide, top 63%, 2,467 students, 50% FRL) — zoned schools at 56% FRL track the district average.
• Market conditions: Rents rising (+2.1%/yr); 491 active listings in the ZIP; 16 comparable units currently listed for rent nearby; rentals at typical pace (median 19d 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 45% of the median local income ($57k/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 $5k 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 45 days — a 3% lower offer ($155k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts 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 $4k; list at $160k implies a 3900% 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; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $155,200 (3.0% below list)

Questions for the listing agent

1. It's been on market 45 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1970 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.33% ✓
• Cap rate: 9.74%
• Cash-on-cash: 12.31%
• DSCR: 1.55
• GRM: 6.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.1% rent growth · sell at horizon

5-year hold

• IRR: 0.9%
• Equity multiple: 1.03×
• Total profit: $1,543
• Equity at exit: $23,857

10-year hold

• IRR: 9.6%
• Equity multiple: 1.71×
• Total profit: $31,760
• Equity at exit: $13,834

Cash invested: $44,800 (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 33881

• Home prices YoY: -24.3%
• Rents YoY: 2.1%
• Active inventory: 491
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $2,132 high
• Mortgage (P&I): −$839
• Tax from tax record: −$319 /mo · $3,823/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$448
• Net cashflow: $460

Break-even live

Break-even rent $1,550

Max offer price $160,000

Occupancy floor 73%

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: $40,000
• Closing costs: $4,800
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2451 Mary Jewett Cir NE Winter Haven, FL	3.0	2.0	1870	$2,400	$1.28	23d	1	0.52mi
1705 3rd St NW Unit A Winter Haven, FL	3.0	2.0	1472	$1,650	$1.12	23d	1	0.59mi
251 Krenson Bay Loop Winter Haven, FL	4.0	2.0	1846	$2,250	$1.22	23d	1	0.61mi
304 Avenue P NW Winter Haven, FL	3.0	2.0	2820	$2,200	$0.78	23d	1	0.68mi
295 Lake Smart Cir Winter Haven, FL	3.0	2.0	1725	$2,100	$1.22	23d	1	0.81mi
1314 Evergreen Ct Winter Haven, FL	3.0	2.5	1625	$1,940	$1.19	14d	1	1.10mi
1314 Evergreen Ct Winter Haven, FL	3.0	2.5	1625	$1,890	$1.16	3d	1	1.10mi
1225 Evergreen Ct Winter Haven, FL	3.0	2.5	1625	$1,890	$1.16	3d	1	1.15mi
1225 Evergreen Ct Winter Haven, FL	3.0	2.5	1625	$1,940	$1.19	14d	1	1.15mi
4137 Roberta Dr Winter Haven, FL	3.0	2.0	1650	$1,875	$1.14	19d	1	1.24mi
4117 Sophia Blvd Winter Haven, FL	4.0	2.0	1748	$1,999	$1.14	3d	1	1.26mi
2144 Rose Blvd Winter Haven, FL	3.0	2.0	1857	$1,850	$1.00	3d	1	1.35mi
1581 Lemon Ave Winter Haven, FL	3.0	2.0	1824	$2,176	$1.19	21d	1	1.39mi
2429 Twin Lake View Rd Winter Haven, FL	4.0	2.0	1858	$2,350	$1.26	14d	1	1.39mi
3895 Conine Dr E Winter Haven, FL	3.0	2.0	1632	$2,500	$1.53	23d	1	1.43mi
904 15th St NE Unit 1520445P Winter Haven, FL	4.0	3.0	1732	$4,909	$2.83	2d	1	1.43mi

Listing history 13 events

1. 2026-06-08
   statusdays on market $160,000 Pending 45 DOM
2. 2026-06-07
   days on market $160,000 Active 44 DOM
3. 2026-06-05
   days on market $160,000 Active 41 DOM
4. 2026-06-03
   days on market $160,000 Active 40 DOM
5. 2026-06-03
   days on market $160,000 Active 39 DOM
6. 2026-06-01
   days on market $160,000 Active 38 DOM
7. 2026-05-31
   days on market $160,000 Active 37 DOM
8. 2026-05-22
   status Active
9. 2026-05-20
   status Pending
10. 2026-05-01
    status Active
11. 2025-10-17
    status Pending
12. 2025-10-08
    listed $160,000 Active
13. 1969-09-01
    soldstatus $4,000

ⓘ 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: $3,823 · $319/mo
• Projected year-2 tax: $3,823 · $319/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 4/10 Moderate
• 🌡 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 0 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,580
• − Mortgage interest: −$8,962
• − Property taxes: −$3,823
• − Insurance: −$800
• − Repairs & maintenance: −$2,046
• − Management: −$2,046
• − Depreciation: −$4,655
• Taxable income: $3,247
• Est. tax owed @ 24.0%: −$779
• After-tax cash flow: $4,737/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

• Census place: Winter Haven, FL
• County: Polk County · 740,051 people
• City population: 121,740
• Metro: Lakeland-Winter Haven, FL
• Population (ZIP): 40,808
• Household income: $57,024
• Rent vs Own: 28.2% rent · 71.8% own
• Severe rent burden: 1270.0

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 0.68)
• Race & ethnicity: White 44% Black 27% Hispanic / Latino 25% Two or more races 15%
• Hispanic origin (detail): Mexican 4% Puerto Rican 12% Cuban 1%
• Common ancestry: Hispanic 5% Slovak 1% Italian 1%
• Foreign-born: 15% · Canada, Jamaica
• Languages at home: 73% English-only · Spanish 20% French/Haitian/Cajun 6%

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: ▼ -88.95%
• Current HPI: 277.0597
• Rent YoY: ▲ 2.10%
• 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

+3900.0% since first listed

6 events — show timeline

• 2026-05-22 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-05-20 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-05-01 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-10-17 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-10-08 Listed $160,000 Stellar MLS as Distributed by MLS Grid
• 1969-09-01 Sold (Public Records) $4,000 Public Records

Property tax history

+15.8%/yr

Latest (2025): $3,823 · +5.3% YoY. Source: county tax records.