1121 E Votaw Rd · Apopka, FL 32703

$175,000

1 bd · 1.0 ba · 840 sqft · SingleFamily public records · 29 Days on market

Built 1957 0.46 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 +15.6/30.0
• ARV discount +7.5/15.0
• DSCR +4.8/10.0
• 1% rule +4.1/10.0
• Schools +4.1/10.0
• Livability +3.3/5.0
• Condition / age +2.5/5.0
• Rent growth +1.8/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 1121 Votaw Road in Apopka — a charming home situated on nearly a half-acre lot with No HOA. This property features 2 bedrooms, 1 bathroom, and an oversized office that offers flexible space for work or hobbies. The galley-style kitchen provides easy access to the laundry area, making everyday living convenient. Step outside to a spacious backyard that’s perfect for entertaining, complete with a large storage shed ideal for tools and extra equipment. The roof was replaced in 2018, offering peace of mind for years to come. Located just minutes from Wekiwa Springs State Park, outdoor enthusiasts will love the endless opportunities for hiking, swimming, and exploring. Enjoy the convenience of nearby shopping, dining, and entertainment at Wekiva Riverwalk Shopping Center, only three minutes away. With easy access to major roadways including SR-414/429, SR-436, and U. S. 441, commuting and travel are a breeze. Don’t miss your chance to own this wonderful home — call today to schedule your private showing!

Key facts

• 0.46 acre lot
• Built 1957
• Listed 29 days

Property features AI

Exterior

• Parking: Off-street parking
• Utilities: Private well water; Electricity connected; Water connected; Public sewer
• Home design: Single family residence; Residential property; One entry level; Faces south
• Construction: Other foundation type
• Exterior features: Public maintained road frontage on a city street; Lot approximately 0.46 acres (182 x 110); Pets allowed (cats and dogs)

Interior

• Flooring: Hardwood; Wood
• Bathrooms: One full bathroom
• Heating & cooling: No central heating; Wall/window cooling unit(s)
• Interior features: Unfurnished; Hardwood and wood flooring; Two total rooms

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $175k.

Deal economics

• At list price, monthly cash flow is $73 ($874/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 $160k (8.5% below list).
• Recommended offer: $160k (8.5% below list) — sets the bar for 1% rule.
• Cap rate 6.8% vs local median 3.7% in Apopka — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 66/100 on livability (#594 in FL) — a middle-class / working-renter tenant base. Strengths: housing A+, cost of living B+, employment B; Watch: crime D-, amenities F, commute F.
• Orange (suburban): math 46% / reading 51% proficiency, ranked #43 of 73 in FL (top 59%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Clay Springs Elementary (math 53% / reading 46%, grade D, #1,088 of 2,144 statewide, top 53%, 714 students, 58% FRL); Piedmont Lakes Middle (math 41% / reading 34%, grade F, #395 of 571 statewide, top 70%, 967 students, 67% FRL); Wekiva High (math 17% / reading 37%, grade F, #478 of 667 statewide, top 73%, 2,207 students, 62% FRL).
• Market conditions: Rents soft (-2.8%/yr); 573 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 8,053 units permitted in Orange County in 2024 (3,133 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 $5k of value loss. Plan a longer hold.
• Orange County population projected at +52% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 29 days — a 2% lower offer ($172k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $62k (26%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1957 — expect roof / HVAC / electrical / plumbing capex.
• 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 $160,047 (8.5% below list)

Questions for the listing agent

1. Built in 1957 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
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: 0.91% ✗
• Cap rate: 6.79%
• Cash-on-cash: 1.78%
• DSCR: 1.08
• GRM: 9.1

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: -16.8%
• Equity multiple: 0.42×
• Total profit: $-28,396
• Equity at exit: $26,093

10-year hold

• IRR: -15.3%
• Equity multiple: 0.25×
• Total profit: $-36,827
• Equity at exit: $15,131

Cash invested: $49,000 (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 32703

• Rents YoY: -2.8%
• Active inventory: 573
• Price-to-rent: 9.1×

Monthly cashflow live

• Estimated rent: $1,600 high
• Mortgage (P&I): −$918
• Tax from tax record: −$201 /mo · $2,411/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$336
• Net cashflow: $73

Break-even live

Break-even rent $1,508

Max offer price $175,000

Occupancy floor 90%

Sensitivity live

Price	-10% $172	-5% $122	+0% $73	+5% $23	+10% $-26
Rent	-10% $-54	-5% $10	+0% $73	+5% $136	+10% $199
Rate	-1.0pp $161	-0.5pp $117	base $73	+0.5pp $27	+1.0pp $-19

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: $43,750
• Closing costs: $5,250
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
850 E Votaw Rd Apopka, FL	2.0	1.0	912	$1,595	$1.75	16d	1	0.24mi
1236 Dovehill Dr Unit 1244 Apopka, FL	2.0	2.5	1052	$1,700	$1.62	25d	1	0.61mi
1236 Dovehill Dr Unit 1248 Apopka, FL	2.0	1.0	698	$1,600	$2.29	25d	1	0.61mi
487 Blue Bird St Apopka, FL	2.0	1.0	1075	$1,750	$1.63	25d	1	0.87mi
518 Lake Bridge Ln Apopka, FL	1.0–2.0	1.0–2.0	875	$1,403	$1.60	0d	17	1.49mi

Listing history 6 events

1. 2026-04-30
   listed $237,000 Active
2. 2025-06-02
   soldstatus $175,000
3. 2025-05-30
   soldstatus $175,000 Closed 1049-char remark

   Show marketing remark (1049 chars)

   Welcome to 1121 Votaw Road in Apopka — a charming home situated on nearly a half-acre lot with No HOA. This property features 2 bedrooms, 1 bathroom, and an oversized office that offers flexible space for work or hobbies. The galley-style kitchen provides easy access to the laundry area, making everyday living convenient. Step outside to a spacious backyard that’s perfect for entertaining, complete with a large storage shed ideal for tools and extra equipment. The roof was replaced in 2018, offering peace of mind for years to come. Located just minutes from Wekiwa Springs State Park, outdoor enthusiasts will love the endless opportunities for hiking, swimming, and exploring. Enjoy the convenience of nearby shopping, dining, and entertainment at Wekiva Riverwalk Shopping Center, only three minutes away. With easy access to major roadways including SR-414/429, SR-436, and U. S. 441, commuting and travel are a breeze. Don’t miss your chance to own this wonderful home — call today to schedule your private showing!

4. 2025-05-21
   status Pending 1049-char remark

   Show marketing remark (1049 chars)

   Welcome to 1121 Votaw Road in Apopka — a charming home situated on nearly a half-acre lot with No HOA. This property features 2 bedrooms, 1 bathroom, and an oversized office that offers flexible space for work or hobbies. The galley-style kitchen provides easy access to the laundry area, making everyday living convenient. Step outside to a spacious backyard that’s perfect for entertaining, complete with a large storage shed ideal for tools and extra equipment. The roof was replaced in 2018, offering peace of mind for years to come. Located just minutes from Wekiwa Springs State Park, outdoor enthusiasts will love the endless opportunities for hiking, swimming, and exploring. Enjoy the convenience of nearby shopping, dining, and entertainment at Wekiva Riverwalk Shopping Center, only three minutes away. With easy access to major roadways including SR-414/429, SR-436, and U. S. 441, commuting and travel are a breeze. Don’t miss your chance to own this wonderful home — call today to schedule your private showing!

5. 2025-05-15
   listed $175,000 Active 1049-char remark

   Show marketing remark (1049 chars)

   Welcome to 1121 Votaw Road in Apopka — a charming home situated on nearly a half-acre lot with No HOA. This property features 2 bedrooms, 1 bathroom, and an oversized office that offers flexible space for work or hobbies. The galley-style kitchen provides easy access to the laundry area, making everyday living convenient. Step outside to a spacious backyard that’s perfect for entertaining, complete with a large storage shed ideal for tools and extra equipment. The roof was replaced in 2018, offering peace of mind for years to come. Located just minutes from Wekiwa Springs State Park, outdoor enthusiasts will love the endless opportunities for hiking, swimming, and exploring. Enjoy the convenience of nearby shopping, dining, and entertainment at Wekiva Riverwalk Shopping Center, only three minutes away. With easy access to major roadways including SR-414/429, SR-436, and U. S. 441, commuting and travel are a breeze. Don’t miss your chance to own this wonderful home — call today to schedule your private showing!

6. 2001-07-16
   soldstatus $47,000

ⓘ 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: $2,411 · $201/mo
• Projected year-2 tax: $2,411 · $201/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 1/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°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 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,206
• − Mortgage interest: −$9,803
• − Property taxes: −$2,411
• − Insurance: −$875
• − Repairs & maintenance: −$1,536
• − Management: −$1,536
• − Depreciation: −$5,091
• Taxable loss: −$2,047
• Est. tax savings @ 24.0%: +$491
• After-tax cash flow: $1,365/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: Orange
• NCES district ID: 1201440
• Math proficiency: 46% ▼ -9.00%
• Reading proficiency: 51% ▼ -2.00%
• Median HH income: $49,350
• Composite: 41.47/100
• National rank: #3461
• State rank: #43 of 73 in FL

Livability — Apopka

• Score: 66/100
• State rank: #594
• US rank: #11020

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Orange County · 1,471,359 people
• City population: 109,852
• Metro: Orlando-Kissimmee-Sanford, FL
• Population (ZIP): 59,269
• Household income: $72,880
• Rent vs Own: 34.2% rent · 65.8% own
• Severe rent burden: 2191.0

Population outlook (Orange County) Hauer SSP2

• Today (2025): 1,618,226 people
• By 2030: 1,787,404 · +10.5%
• By 2040: 2,125,621 · +31.4%
• By 2050: 2,454,016 · +51.6%
• By 2075: 3,173,711 · +96.1%
• By 2100: 3,607,781 · +122.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.71)
• Race & ethnicity: White 35% Hispanic / Latino 30% Black 28% Two or more races 16% Asian 3%
• Hispanic origin (detail): Mexican 6% Puerto Rican 12% Cuban 3% Dominican 2%
• Common ancestry: Hispanic 4% Romanian 1% Italian 1%
• Foreign-born: 18% · Canada, Jamaica, Vietnam
• Languages at home: 71% English-only · Spanish 22% French/Haitian/Cajun 3% Other Indo-European 1%

Political lean MEDSL · Orange

• 2024 margin: D (+13.6) · D 56.1% · R 42.5% · Other 1.3%
• 2008→2024 swing: -5.0pp toward R · 2008: 18.6pp · 2024: 13.6pp
• All cycles: 2024: D+13.6 2020: D+23.1 2016: D+24.6 2012: D+18.2 2008: D+18.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -206.30%
• Current HPI: 319.2139
• Rent YoY: ▼ -2.75%
• Metro: Orlando-Kissimmee-Sanford, 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

+404.3% since first listed

6 events — show timeline

• 2026-04-30 Listed $237,000 Daytona MLS
• 2025-06-02 Sold (Public Records) $175,000 Public Records
• 2025-05-30 Sold (MLS) $175,000 Stellar MLS as Distributed by MLS Grid
• 2025-05-21 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-05-15 Listed $175,000 Stellar MLS as Distributed by MLS Grid
• 2001-07-16 Sold (Public Records) $47,000 Public Records

Property tax history

+7.8%/yr

Latest (2025): $2,411 · +10.0% YoY. Source: county tax records.