4328 E Main St · Lemon Grove, FL 33873

$149,900

3 bd · 2.0 ba · 1,220 sqft · SingleFamily public records · 212 Days on market

Built 1970 0.34 ac lot Est $120k · 25% over

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Why this score? — see what drove the F 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 +14.3/30.0
• DSCR +4.3/10.0
• Schools +3.8/10.0
• 1% rule +3.2/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks

Great investment opportunity just outside city limits! Solid 3-bedroom, 1-bath block home featuring a functional floor plan and durable construction. Located in a quiet area with easy access to schools, shopping, and major highways. Property offers an oversized lot with ample space for parking or future improvements. Home has excellent potential for rental income, renovation, or first-time buyers. No HOA. Don’t miss this versatile property with plenty of room to add value.

Key facts

• Durable construction
• Quiet area
• 0.34 acre lot

Tags

• FUNCTIONAL FLOOR PLAN
• DURABLE CONSTRUCTION
• QUIET AREA
• EASY ACCESS TO SCHOOLS
• EASY ACCESS TO SHOPPING
• EASY ACCESS TO MAJOR HIGHWAYS

Property features AI

Exterior

• Parking: Carport (1 space)
• Utilities: Private well water; Septic tank (no public sewer available)
• Home design: Single-family residence; One-level
• Construction: Block and concrete construction; Shingle roof
• Exterior features: Front porch; Dirt and gravel road access; Unimproved road frontage; Frontage approximately 100 feet; Zoned A1

Interior

• Flooring: Linoleum; Tile
• Bathrooms: One full bathroom
• Heating & cooling: No central heating reported; Wall cooling unit(s)
• Interior features: Linoleum and tile flooring; Total of 7 rooms

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $27 ($321/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $123k (17.9% below list).
• Recommended offer: $123k (17.9% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 62/100 on livability (#758 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A-; Watch: amenities F, commute F, employment F.
• Hardee (town): math 46% / reading 46% proficiency, ranked #50 of 73 in FL (top 68%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 73% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Wauchula Elementary School (math 48% / reading 50%, grade D, #1,134 of 2,144 statewide, top 54%, 616 students, 75% FRL); Hardee Senior High School (math 25% / reading 40%, grade F, #411 of 667 statewide, top 62%, 1,403 students, 67% FRL) — zoned schools at 71% FRL track the district average.
• Market conditions: 100 active listings in the ZIP; 123 units permitted in Hardee County in 2024 (22 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Hardee County population projected at -24% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 212 days — a 12% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 3y 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 $75k; list at $150k implies a 100% 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; major wildfire risk; extreme-heat days projected 7→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $123,058 (17.9% below list)

Questions for the listing agent

1. It's been on market 212 days. Have you received any prior offers? Is the seller open to a 18% 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. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
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: 0.82% ✗
• Cap rate: 6.51%
• Cash-on-cash: 0.77%
• DSCR: 1.03
• GRM: 10.2

CMA / ARV

• ARV (on-the-fly): $119,560
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4296 E Main St	0.06mi	2/1.0 (-1)	1,120 (-8%)	8mo	$110,000	$98	68

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold

• IRR: -15.1%
• Equity multiple: 0.46×
• Total profit: $-22,622
• Equity at exit: $22,351

10-year hold

• IRR: -6.6%
• Equity multiple: 0.58×
• Total profit: $-17,654
• Equity at exit: $12,961

Cash invested: $41,972 (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 33873

• Home prices YoY: -3.1%
• Active inventory: 100
• Price-to-rent: 10.2×

Monthly cashflow live

• Estimated rent: $1,231 medium
• Mortgage (P&I): −$786
• Tax from tax record: −$97 /mo · $1,162/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$258
• Net cashflow: $27

Break-even live

Break-even rent $1,197

Max offer price $149,900

Occupancy floor 93%

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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Listing history 32 events

1. 2026-06-19
   days on market $149,900 Active 212 DOM
2. 2026-06-18
   days on market $149,900 Active 211 DOM
3. 2026-06-17
   days on market $149,900 Active 210 DOM
4. 2026-06-16
   days on market $149,900 Active 209 DOM
5. 2026-06-15
   days on market $149,900 Active 208 DOM
6. 2026-06-14
   days on market $149,900 Active 206 DOM
7. 2026-06-13
   days on market $149,900 Active 205 DOM
8. 2026-06-10
   days on market $149,900 Active 203 DOM
9. 2026-06-09
   days on market $149,900 Active 202 DOM
10. 2026-06-08
    days on market $149,900 Active 201 DOM
11. 2026-06-07
    days on market $149,900 Active 200 DOM
12. 2026-06-05
    days on market $149,900 Active 197 DOM
13. 2026-06-03
    days on market $149,900 Active 196 DOM
14. 2026-06-02
    days on market $149,900 Active 195 DOM
15. 2026-06-01
    days on market $149,900 Active 194 DOM
16. 2026-05-31
    days on market $149,900 Active 193 DOM
17. 2026-05-30
    days on market $149,900 Active 192 DOM
18. 2026-05-19
    status Active
19. 2026-05-19
    historical
20. 2026-01-06
    price $149,900
21. 2026-01-03
    price $152,900
22. 2025-11-19
    listed $154,900 Active
23. 2023-08-28
    status Active
24. 2023-08-28
    status Pending
25. 2023-08-27
    status Active
26. 2023-08-21
    historical
27. 2023-07-26
    listed $180,000 Active
28. 2007-12-31
    soldstatus $75,000
29. 2007-12-17
    soldstatus $55,000
30. 1997-07-01
    soldstatus $47,000
31. 1994-09-01
    soldstatus $40,000
32. 1994-06-01
    soldstatus $35,000

ⓘ 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: $1,162 · $97/mo
• Projected year-2 tax: $1,244 · $104/mo
• Expected delta: +$82/yr (+$7/mo · 7.1%)

ⓘ 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 8/10 Severe 7 d/yr ≥108°F today · 26 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: $14,767
• − Mortgage interest: −$8,397
• − Property taxes: −$1,162
• − Insurance: −$750
• − Repairs & maintenance: −$1,181
• − Management: −$1,181
• − Depreciation: −$4,361
• Taxable loss: −$2,265
• Est. tax savings @ 24.0%: +$544
• After-tax cash flow: $865/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: Hardee
• NCES district ID: 1200750
• Math proficiency: 46% ▼ -13.00%
• Reading proficiency: 46% ▼ -2.00%
• Median HH income: $36,868
• Composite: 38.22/100
• National rank: #4251
• State rank: #50 of 73 in FL

Livability — Lemon Grove

• Score: 62/100
• State rank: #758
• US rank: #16733

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 14,162

Population outlook (Hardee County) Hauer SSP2

• Today (2025): 25,462 people
• By 2030: 24,340 · -4.4%
• By 2040: 21,801 · -14.4%
• By 2050: 19,217 · -24.5%
• By 2075: 13,159 · -48.3%
• By 2100: 7,806 · -69.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.59)
• Race & ethnicity: Hispanic / Latino 47% White 43% Two or more races 18% Black 5% Native American 3% Asian 1%
• Hispanic origin (detail): Mexican 31% Puerto Rican 8% Cuban 2%
• Common ancestry: Italian 2% Lithuanian 1% Serbian 1%
• Foreign-born: 11% · Canada, Jamaica
• Languages at home: 68% English-only · Spanish 30% Other Asian/Pacific 1%

Political lean MEDSL · Hardee

• 2024 margin: Solid R (+56.3) · D 21.5% · R 77.8%
• 2008→2024 swing: -26.7pp toward R · 2008: -29.6pp · 2024: -56.3pp
• All cycles: 2024: R+56.3 2020: R+45.1 2016: R+40.8 2012: R+30.9 2008: R+29.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -11.44%
• Current HPI: 360.0195
• 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

+328.3% since first listed

15 events — show timeline

• 2026-05-19 Relisted — HAOR as distributed by MLS GRID
• 2026-05-19 Delisted — HAOR as distributed by MLS GRID
• 2026-01-06 Price Changed $149,900 HAOR as distributed by MLS GRID
• 2026-01-03 Price Changed $152,900 HAOR as distributed by MLS GRID
• 2025-11-19 Listed $154,900 HAOR as distributed by MLS GRID
• 2023-08-28 Relisted — HAOR as distributed by MLS GRID
• 2023-08-28 Pending — HAOR as distributed by MLS GRID
• 2023-08-27 Relisted — HAOR as distributed by MLS GRID
• 2023-08-21 Delisted — HAOR as distributed by MLS GRID
• 2023-07-26 Listed $180,000 HAOR as distributed by MLS GRID
• 2007-12-31 Sold (Public Records) $75,000 Public Records
• 2007-12-17 Sold (Public Records) $55,000 Public Records
• 1997-07-01 Sold (Public Records) $47,000 Public Records
• 1994-09-01 Sold (Public Records) $40,000 Public Records
• 1994-06-01 Sold (Public Records) $35,000 Public Records

Property tax history

+6.3%/yr

Latest (2025): $1,162 · +5.2% YoY. Source: county tax records.