6721 Coronet Rd · Lakeland, FL 33811

$250,000

4 bd · 2.0 ba · 2,356 sqft · Manufactured public records · 321 Days on market

Built 2000 1.03 ac 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 +25.6/30.0
• DSCR +8.5/10.0
• ARV discount +7.5/15.0
• 1% rule +5.6/10.0
• Livability +3.9/5.0
• Schools +3.5/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

4 Bedroom 2 bath mobile home on 1.03 acre. $75. Doc Fee paid by Buyer at closing. All or some of the following may apply to the closing of this property: (1) Pending status changed once seller signed contract is received by listing agent. (2) Mail away to Seller. (3) Majority are mail away to buyer and a courtesy closing may be scheduled through title company. A courtesy closing fee may be charged to buyer on HUD. (4) Keys are not released to buyers for closing until proof of funding and all buyer and seller documents have been received by Title Company.

Key facts

• Spacious kitchen
• Large living room
• Separate family room

Tags

• 1.03 ACRES OF PRIVACY
• LARGE LIVING ROOM
• SEPARATE FAMILY ROOM
• WOOD-BURNING FIREPLACE
• SPACIOUS KITCHEN
• BREAKFAST BAR

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath manufactured listed at $250k.

Deal economics

• At list price, monthly cash flow is $587 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $250k).
• Recommended offer: $220k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 77/100 on livability (#206 in FL, #3,179 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; 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.
• Market conditions: Rents soft (-0.2%/yr); 360 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).
• This rent runs 35% of the median local income ($90k/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 $2k of loan paydown is wiped out by about $8k 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 321 days — a 12% lower offer ($220k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 17y ago; this cycle's ask has dropped $60k (19%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $48k; list at $250k implies a 421% 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→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $220,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 321 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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: 1.06% ✓
• Cap rate: 9.11%
• Cash-on-cash: 10.07%
• DSCR: 1.45
• GRM: 7.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -4.3%
• Equity multiple: 0.84×
• Total profit: $-10,961
• Equity at exit: $37,276

10-year hold

• IRR: 1.9%
• Equity multiple: 1.12×
• Total profit: $8,242
• Equity at exit: $21,615

Cash invested: $70,000 (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 33811

• Home prices YoY: -26.2%
• Rents YoY: -0.2%
• Active inventory: 360
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $2,647 medium
• Mortgage (P&I): −$1,311
• Tax from tax record: −$89 /mo · $1,067/yr
• Insurance: −$104
• HOA: −$0
• Vacancy / Maint / Mgmt: −$556
• Net cashflow: $587

Break-even live

Break-even rent $1,904

Max offer price $250,000

Occupancy floor 73%

Sensitivity live

Price	-10% $729	-5% $658	+0% $587	+5% $517	+10% $446
Rent	-10% $378	-5% $483	+0% $587	+5% $692	+10% $796
Rate	-1.0pp $713	-0.5pp $651	base $587	+0.5pp $523	+1.0pp $457

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: $62,500
• Closing costs: $7,500
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6265 Dolostone Dr Lakeland, FL	4.0	3.0	2038	$3,000	$1.47	3d	1	1.42mi

Listing history 10 events

1. 2026-04-21
   status Pending
2. 2025-11-29
   price $250,000
3. 2025-09-24
   price $275,000
4. 2025-08-12
   price $299,999
5. 2025-06-04
   listed $310,000 Active
6. 2011-06-24
   soldstatus $48,000 560-char remark

   Show marketing remark (560 chars)

   4 Bedroom 2 bath mobile home on 1.03 acre. $75. Doc Fee paid by Buyer at closing. All or some of the following may apply to the closing of this property: (1) Pending status changed once seller signed contract is received by listing agent. (2) Mail away to Seller. (3) Majority are mail away to buyer and a courtesy closing may be scheduled through title company. A courtesy closing fee may be charged to buyer on HUD. (4) Keys are not released to buyers for closing until proof of funding and all buyer and seller documents have been received by Title Company.

7. 2011-04-05
   listed $50,000 560-char remark

   Show marketing remark (560 chars)

   4 Bedroom 2 bath mobile home on 1.03 acre. $75. Doc Fee paid by Buyer at closing. All or some of the following may apply to the closing of this property: (1) Pending status changed once seller signed contract is received by listing agent. (2) Mail away to Seller. (3) Majority are mail away to buyer and a courtesy closing may be scheduled through title company. A courtesy closing fee may be charged to buyer on HUD. (4) Keys are not released to buyers for closing until proof of funding and all buyer and seller documents have been received by Title Company.

8. 2011-03-15
   historical
9. 2010-06-14
   listed $53,900
10. 2009-06-04
    listed $85,000

ⓘ 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: $1,067 · $89/mo
• Projected year-2 tax: $2,075 · $173/mo
• Expected delta: +$1,008/yr (+$84/mo · 94.5%)

ⓘ 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 9/10 Extreme 7 d/yr ≥108°F today · 24 d/yr by 30 yrs out
• 💨 Wind 10/10 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: $31,768
• − Mortgage interest: −$14,004
• − Property taxes: −$1,067
• − Insurance: −$1,250
• − Repairs & maintenance: −$2,541
• − Management: −$2,541
• − Depreciation: −$7,273
• Taxable income: $3,092
• Est. tax owed @ 24.0%: −$742
• After-tax cash flow: $6,306/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 — Lakeland

• Score: 77/100
• State rank: #206
• US rank: #3179

Category grades

Amenities F Commute F Cost of living A+ Crime C+ Employment D+ 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: 277,690
• Metro: Lakeland-Winter Haven, FL
• Population (ZIP): 29,472
• Household income: $90,263
• Rent vs Own: 23.0% rent · 77.0% own
• Severe rent burden: 477.0

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: Majority White (63%)
• Race & ethnicity: White 63% Hispanic / Latino 23% Two or more races 14% Black 8% Asian 1%
• Hispanic origin (detail): Mexican 6% Puerto Rican 5% Cuban 4%
• Common ancestry: Italian 3% Lithuanian 2% Slovak 2%
• Foreign-born: 8% · Canada, Jamaica
• Languages at home: 83% English-only · Spanish 14% French/Haitian/Cajun 1% Tagalog/Filipino 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: ▼ -109.57%
• Current HPI: 309.0061
• Rent YoY: ▼ -0.19%
• 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

+194.1% since first listed

10 events — show timeline

• 2026-04-21 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-11-29 Price Changed $250,000 Stellar MLS as Distributed by MLS Grid
• 2025-09-24 Price Changed $275,000 Stellar MLS as Distributed by MLS Grid
• 2025-08-12 Price Changed $299,999 Stellar MLS as Distributed by MLS Grid
• 2025-06-04 Listed $310,000 Stellar MLS as Distributed by MLS Grid
• 2011-06-24 Sold (MLS) $48,000 Stellar MLS as Distributed by MLS Grid
• 2011-04-05 Listed $50,000 Stellar MLS as Distributed by MLS Grid
• 2011-03-15 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2010-06-14 Listed $53,900 Stellar MLS as Distributed by MLS Grid
• 2009-06-04 Listed $85,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+2.3%/yr

Latest (2025): $1,067 · +14.4% YoY. Source: county tax records.