41 Norman Ln · Auburndale, FL 33823

$240,000

3 bd · 2.0 ba · 1,404 sqft · Manufactured public records · 318 Days on market

Built 2022 0.39 ac lot

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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 +12.5/30.0
• ARV discount +7.5/15.0
• Livability +4.2/5.0
• DSCR +3.7/10.0
• Schools +3.5/10.0
• 1% rule +3.3/10.0
• Rent growth +3.3/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

No Restrictions, No Outlet County Road and READY for your mobile home. This lot has been occupied with a mobile home and a travel trailer. Close to downtown and less than 2 miles to the Super Walmart and multiple restaurants. A great income potential lot. Fenced with improvements.

Key facts

• 0.39 acre lot
• Pool
• Built 2022

Tags

• APPROXIMATELY 0.39 ACRES
• WELL-DESIGNED KITCHEN
• PRIVATE EN-SUITE BATHROOM
• GENEROUS OUTDOOR AREA

Property features AI

Finance

• Other: Total living area approximately 1,404 square feet; Lot size about 0.39 acres (0.25–0.5 acre range)

Exterior

• Parking: Directions: HWY 92 West to Norman Lane, home on the right near end of road
• Utilities: Public water; Septic tank sewer; Cable available; Electricity connected; Water connected
• Home design: Manufactured double-wide home; One story; Faces east
• Construction: Metal frame construction; Shingle roof; Built on a crawlspace
• Exterior features: French doors; Sliding doors; Chain link fencing; Above-ground private pool; Asphalt road access

Interior

• Kitchen: Dishwasher; Garbage disposal; Microwave; Range; Refrigerator; Electric water heater
• Bedrooms: 3 bedrooms
• Flooring: Laminate; Crawlspace foundation
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heat; Electric heat; Heat pump; Central air conditioning
• Interior features: High ceilings; Open floorplan; Living room and dining room combo; Split bedroom layout; Den / library / office
• Laundry & utility: Laundry inside in a closet

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $240k.

Deal economics

• At list price, monthly cash flow is $-37 ($-441/yr) — negative.
• To cash-flow at today's rent, offer at most $234k (2.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $198k (17.3% below list).
• Recommended offer: $198k (17.3% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 83/100 on livability (#48 in FL, #905 nationally) — a professional / high-income tenant draw. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities C-, commute C-.
• 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: Jewett School of The Arts (math 43% / reading 47%, grade D-, #1,271 of 2,144 statewide, top 60%, 679 students, 48% FRL); Jere L. Stambaugh Middle (math 23% / reading 26%, grade F, #522 of 571 statewide, top 93%, 1,127 students, 65% FRL); Auburndale Senior High School (math 25% / reading 31%, grade F, #464 of 667 statewide, top 70%, 1,716 students, 53% FRL) — zoned schools at 55% FRL track the district average.
• Market conditions: Rents rising (+3.2%/yr); 483 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 10,384 units permitted in Polk County in 2024 (1,716 in 5+ unit buildings).
• This rent runs 33% of the median local income ($71k/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 $7k 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 318 days — a 12% lower offer ($211k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 26y ago; this cycle's ask has dropped $30k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $35k; list at $240k implies a 586% 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→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $198,416 (17.3% 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 318 days. Have you received any prior offers? Is the seller open to a 17% concession, seller financing, or rate buy-down credit?
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. 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?
6. 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.
7. 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.
8. 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: 0.83% ✗
• Cap rate: 6.11%
• Cash-on-cash: -0.66%
• DSCR: 0.97
• GRM: 10.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.18% rent growth · sell at horizon

5-year hold

• IRR: -17.2%
• Equity multiple: 0.39×
• Total profit: $-40,875
• Equity at exit: $35,785

10-year hold

• IRR: -8.8%
• Equity multiple: 0.45×
• Total profit: $-37,140
• Equity at exit: $20,751

Cash invested: $67,200 (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 33823

• Home prices YoY: -24.5%
• Rents YoY: 3.2%
• Active inventory: 483
• Price-to-rent: 10.1×

Monthly cashflow live

• Estimated rent: $1,984 medium
• Mortgage (P&I): −$1,259
• Tax from tax record: −$246 /mo · $2,948/yr
• Insurance: −$100
• HOA: −$0
• Vacancy / Maint / Mgmt: −$417
• Net cashflow: $-37

Break-even live

Break-even rent $2,031

Max offer price $233,506

Occupancy floor 97%

Sensitivity live

Price	-10% $99	-5% $31	+0% $-37	+5% $-105	+10% $-173
Rent	-10% $-194	-5% $-115	+0% $-37	+5% $42	+10% $120
Rate	-1.0pp $84	-0.5pp $24	base $-37	+0.5pp $-99	+1.0pp $-162

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: $60,000
• Closing costs: $7,200
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4 Sandy Ln Auburndale, FL	3.0	2.0	954	$1,620	$1.70	25d	1	0.52mi
651 Duncan Cir W Auburndale, FL	3.0	1.0	1130	$1,595	$1.41	25d	1	0.96mi

Listing history 32 events

1. 2026-06-22
   days on market $240,000 Active 318 DOM
2. 2026-06-18
   days on market $240,000 Active 315 DOM
3. 2026-06-17
   days on market $240,000 Active 314 DOM
4. 2026-06-16
   days on market $240,000 Active 313 DOM
5. 2026-06-15
   days on market $240,000 Active 312 DOM
6. 2026-06-13
   days on market $240,000 Active 310 DOM
7. 2026-06-10
   days on market $240,000 Active 307 DOM
8. 2026-06-09
   days on market $240,000 Active 306 DOM
9. 2026-06-08
   days on market $240,000 Active 305 DOM
10. 2026-06-07
    days on market $240,000 Active 304 DOM
11. 2026-06-05
    days on market $240,000 Active 301 DOM
12. 2026-06-03
    days on market $240,000 Active 299 DOM
13. 2026-06-01
    days on market $240,000 Active 298 DOM
14. 2026-05-31
    days on market $240,000 Active 297 DOM
15. 2026-02-26
    price $240,000
16. 2025-10-26
    price $250,000
17. 2025-08-07
    listed $270,000 Active
18. 2025-03-01
    historical
19. 2024-08-03
    listed $350,000 Active
20. 2021-03-31
    soldstatus $35,000
21. 2021-03-26
    soldstatus $35,000 Closed 281-char remark

    Show marketing remark (281 chars)

    No Restrictions, No Outlet County Road and READY for your mobile home. This lot has been occupied with a mobile home and a travel trailer. Close to downtown and less than 2 miles to the Super Walmart and multiple restaurants. A great income potential lot. Fenced with improvements.

22. 2021-03-08
    status Pending 281-char remark

    Show marketing remark (281 chars)

    No Restrictions, No Outlet County Road and READY for your mobile home. This lot has been occupied with a mobile home and a travel trailer. Close to downtown and less than 2 miles to the Super Walmart and multiple restaurants. A great income potential lot. Fenced with improvements.

23. 2021-02-13
    listed $37,500 Active 281-char remark

    Show marketing remark (281 chars)

    No Restrictions, No Outlet County Road and READY for your mobile home. This lot has been occupied with a mobile home and a travel trailer. Close to downtown and less than 2 miles to the Super Walmart and multiple restaurants. A great income potential lot. Fenced with improvements.

24. 2018-11-29
    historical
25. 2018-11-07
    price $13,900
26. 2018-09-28
    listed $19,900 Active
27. 2007-02-15
    historical
28. 2003-10-07
    listed $50,000
29. 2000-11-16
    listed $15,000
30. 2000-08-29
    listed $12,500
31. 2000-08-29
    listed $12,500
32. 1990-01-01
    soldstatus $12,500

ⓘ 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: $2,948 · $246/mo
• Projected year-2 tax: $2,948 · $246/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 3/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥107°F today · 22 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 · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,810
• − Mortgage interest: −$13,444
• − Property taxes: −$2,948
• − Insurance: −$1,200
• − Repairs & maintenance: −$1,905
• − Management: −$1,905
• − Depreciation: −$6,982
• Taxable loss: −$4,573
• Est. tax savings @ 24.0%: +$1,098
• After-tax cash flow: $656/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 — Auburndale

• Score: 83/100
• State rank: #48
• US rank: #905

Category grades

Amenities C- Commute C- Cost of living A+ Crime C+ Employment C 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: 41,779
• Metro: Lakeland-Winter Haven, FL
• Population (ZIP): 41,779
• Household income: $71,485
• Rent vs Own: 24.8% rent · 75.2% own
• Severe rent burden: 821.0

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: Predominantly White (65%)
• Race & ethnicity: White 65% Hispanic / Latino 19% Black 13% Two or more races 6% Asian 2%
• Hispanic origin (detail): Mexican 7% Puerto Rican 7% Cuban 1%
• Common ancestry: Hispanic 3% Lithuanian 2% Romanian 1%
• Foreign-born: 10% · Canada, Jamaica, Philippines
• Languages at home: 79% English-only · Spanish 15% French/Haitian/Cajun 3% Other Indo-European 2%

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: ▼ -102.70%
• Current HPI: 316.9436
• Rent YoY: ▲ 3.18%
• 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

+1820.0% since first listed

18 events — show timeline

• 2026-02-26 Price Changed $240,000 Stellar MLS as Distributed by MLS Grid
• 2025-10-26 Price Changed $250,000 Stellar MLS as Distributed by MLS Grid
• 2025-08-07 Listed $270,000 Stellar MLS as Distributed by MLS Grid
• 2025-03-01 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2024-08-03 Listed $350,000 Stellar MLS as Distributed by MLS Grid
• 2021-03-31 Sold (Public Records) $35,000 Public Records
• 2021-03-26 Sold (MLS) $35,000 Stellar MLS as Distributed by MLS Grid
• 2021-03-08 Pending — Stellar MLS as Distributed by MLS Grid
• 2021-02-13 Listed $37,500 Stellar MLS as Distributed by MLS Grid
• 2018-11-29 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2018-11-07 Price Changed $13,900 Stellar MLS as Distributed by MLS Grid
• 2018-09-28 Listed $19,900 Stellar MLS as Distributed by MLS Grid
• 2007-02-15 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2003-10-07 Listed $50,000 Stellar MLS as Distributed by MLS Grid
• 2000-11-16 Listed $15,000 Stellar MLS as Distributed by MLS Grid
• 2000-08-29 Listed $12,500 Stellar MLS as Distributed by MLS Grid
• 2000-08-29 Listed $12,500 Stellar MLS as Distributed by MLS Grid
• 1990-01-01 Sold (Public Records) $12,500 Public Records

Property tax history

+44.5%/yr

Latest (2025): $2,948 · +7.1% YoY. Source: county tax records.