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948 Lake Destiny Rd Unit H
B+ Composite 79.35
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 +29.4/30.0
  • ARV discount +15.0/15.0
  • 1% rule +10.0/10.0
  • DSCR +10.0/10.0
  • Schools +4.8/10.0
  • Livability +4.1/5.0
  • Condition / age +3.8/5.0
  • Rent growth +2.3/5.0
  • Appreciation +0.0/10.0

$89,000

948 Lake Destiny Rd Unit H · Altamonte Springs, FL 32714
1 bd · 1.0 ba · 462 sqft · Condo public records · 42 Days on market
Built 1973 Good condition $193/sqft · 18% below area Est $109k · 18% under $262/mo HOA · 17% of rent
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks MLS

Multiple Offers Highest and Best by 2:00 pm April 28,2025. Welcome to Destiny Springs Condominium Complex located in Altamonte Springs. This studio condo is priced to sell and is awaiting it's new owner to transform this unit into a showplace. This second floor condo has a newer AC unit and a newer range and dishwasher. Cozy unit featuring: a separate kitchen, dinning area and living/bedroom area. Bring your creative ideas and imagination to re -do this home and make it yours. This complex offers: Two Swimming Pools, Tennis Court, Clubhouse and lakeside living! Conveniently located this home is close to Maitland Center, Restaurants, Shopping, Medical and minutes from 1-4 and the 414. Call to see this home today !

Key facts

  • Lake destiny
  • Access to 2 pools
  • Freshly remodeled

Tags

FRESHLY REMODELEDACCESS TO 2 POOLSLAKE DESTINY

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 1-bed/1.0-bath condo listed at $89k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $315 ($4k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($2k rent vs $89k).
  • Recommended offer: $86k (3.0% below list) — sets the bar for market timing.
  • Cap rate 10.5% vs local median 3.6% in Altamonte Springs — 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 82/100 on livability (#62 in FL, #1,095 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: employment C-, crime D+, amenities D-.
  • Seminole (suburban): math 57% / reading 61% proficiency, ranked #13 of 73 in FL (top 18%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
  • Zoned schools: Spring Lake Elementary School (math 48% / reading 44%, grade D-, #1,234 of 2,144 statewide, top 58%, 561 students, 80% FRL); Milwee Middle School (math 55% / reading 56%, grade B-, #178 of 571 statewide, top 31%, 1,426 students, 64% FRL); Lyman High School (math 36% / reading 50%, grade F, #255 of 667 statewide, top 39%, 2,084 students, 53% FRL) — zoned schools average 66% FRL vs 38% district-wide (27 pts higher); higher-poverty schools than district average — tighter screening recommended.
  • Market conditions: Rents soft (-0.8%/yr); 389 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals lingering (median 149d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 80% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,979 units permitted in Seminole County in 2024 (1,191 in 5+ unit buildings).

Forward outlook

  • Local home prices are declining (-3.0%/yr); year-one equity from $615 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
  • Seminole County population projected at +24% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

  • It's been on market 42 days — a 3% lower offer ($86k) is reasonable based on typical stale-listing flexibility.
  • 5 sale attempts; this cycle's ask is 8376% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
  • Current owner paid $50k; list at $89k implies a 78% 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 $86,330 (3.0% below list)

Questions for the listing agent

  1. It's been on market 42 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 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
  5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  6. 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?
  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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

1% rule
1.70% ✓
Cap rate
10.54%
Cash-on-cash
15.17%
DSCR
1.68
GRM
4.9

CMA / ARV

ARV (median comp)
$108,845
List price
$89,000
Delta
-18.23%
Verdict
UNDERPRICED
Comps
15 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
948 Lake Destiny Rd Unit H 0.00mi 1/1.0 462 (0%) 18mo $50,000 $108 85
948 Lake Destiny Rd Unit A 0.00mi 1/1.0 462 (0%) 36mo $129,990 $281 80
425 Wymore Rd #201 0.92mi 1/1.0 420 (-9%) 3mo $68,000 $162 48
101 Oyster Bay Cir #210 1.49mi 1/1.0 496 (+7%) 7mo $84,900 $171 47
103 Oyster Bay Cir #120 1.50mi 1/1.0 496 (+7%) 9mo $80,000 $161 45
425 Wymore Rd #103 0.92mi 1/1.0 420 (-9%) 12mo $111,000 $264 40
425 Wymore Rd #203 0.92mi 1/1.0 420 (-9%) 18mo $120,500 $287 35
101 Oyster Bay Cir #120 1.49mi 1/1.0 496 (+7%) 32mo $100,000 $202 33
425 S Wymore Rd #104 0.92mi 1/1.0 420 (-9%) 28mo $119,000 $283 30
425 Wymore Rd #204 0.92mi 1/1.0 420 (-9%) 34mo $110,000 $262 30
425 Wymore Rd #106 0.92mi 1/1.0 420 (-9%) 35mo $131,000 $312 30
109 Bethune Dr 1.43mi 2/1.0 (+1) 520 (+13%) 28mo $135,000 $260 19

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 · 0.0% rent growth · sell at horizon

5-year hold
IRR
1.5%
Equity multiple
1.06×
Total profit
$1,409
Equity at exit
$13,270
10-year hold
IRR
6.9%
Equity multiple
1.43×
Total profit
$10,725
Equity at exit
$7,695

Cash invested: $24,920 (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 32714

Rents YoY
-0.8%
Active inventory
389
Price-to-rent
4.9×

Monthly cashflow live

Estimated rent
$1,509 high interval (Pro) →
Mortgage (P&I)
−$467
Tax est. 1.5%
−$111 /mo · $1,335/yr
Insurance
−$37
HOA
−$262
Vacancy / Maint / Mgmt
−$317
Net cashflow
$315

Break-even live

Break-even rent $1,110
Max offer price $89,000
Occupancy floor 74%

Sensitivity live

Price -10% $377 -5% $346 +0% $315 +5% $284 +10% $254
Rent -10% $196 -5% $256 +0% $315 +5% $375 +10% $434
Rate -1.0pp $360 -0.5pp $338 base $315 +0.5pp $292 +1.0pp $269

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
$22,250
Closing costs
$2,670
Reserves months
—
Total cash needed
—

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
—
Monthly P&I
—
Monthly cashflow
—
DSCR
—
Eligible?
—

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
—
Monthly P&I
—
Monthly cashflow
—
DSCR
—
Eligible?
—

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
—
Monthly P&I
—
Monthly cashflow
—
DSCR
—
Eligible?
—

Short-term bridge; refi at stabilization.

Rent comps 5 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
1776 Pembrook Dr Orlando, FL — 1.0 300 $1,889 $6.30 148d 1 0.93mi
1760 Pembrook Dr Orlando, FL — 1.0 300 $1,499 $5.00 155d 1 0.93mi
1760 Pembrook Dr Orlando, FL — 1.0 300 $1,289 $4.30 10d 1 0.93mi
1951 Summit Tower Blvd Orlando, FL — 1.0 300 $1,589 $5.30 148d 1 0.93mi
302 Northlake Blvd Altamonte Springs, FL — 1.0 300 $1,799 $6.00 145d 1 1.12mi

Property features AI

Finance

Other
Residential condominiumZoning: MOR-1Has additional parcels
HOA & community
Has HOAPool included in association amenitiesBuyer approval requiredPets not allowedNo association fee listed; approval required for association

Exterior

Utilities
Public sewerCable availableElectricity availableNo water source listed
Home design
CondominiumOne-story (unit on floor 2 in a two-level building)Building named DESTINYFaces west
Construction
Shingle roofOther foundation
Exterior features
BalconyAsphalt road access

Interior

Kitchen
DishwasherDisposalMicrowaveRangeRefrigerator
Bedrooms
1 bedroom
Flooring
LaminateNo elevator in building
Bathrooms
1 full bathroom
Heating & cooling
Central heatingCentral air conditioning
Interior features
Ceiling fans
Laundry & utility
Laundry area outside / other

HOA detail $262/mo · $3,144/yr condo

Likely covers
pool
Assessments
None detected in remarks — confirm with the listing agent.

Listing history 34 events

  1. 2026-06-29
    days on market $89,000 Active 42 DOM
  2. 2026-06-28
    days on market $89,000 Active 41 DOM
  3. 2026-06-27
    days on market $89,000 Active 40 DOM
  4. 2026-06-26
    days on market $89,000 Active 39 DOM
  5. 2026-06-24
    days on market $89,000 Active 37 DOM
  6. 2026-06-22
    days on market $89,000 Active 35 DOM
  7. 2026-06-21
    days on market $89,000 Active 34 DOM
  8. 2026-06-18
    days on market $89,000 Active 31 DOM
  9. 2026-06-17
    days on market $89,000 Active 30 DOM
  10. 2026-06-16
    days on market $89,000 Active 29 DOM
  11. 2026-06-15
    days on market $89,000 Active 28 DOM
  12. 2026-06-13
    days on market $89,000 Active 26 DOM
  13. 2026-06-10
    price $89,000 Active 22 DOM
  14. 2026-06-09
    days on market $90,000 Active 22 DOM
  15. 2026-06-08
    days on market $90,000 Active 21 DOM
  16. 2026-06-07
    days on market $90,000 Active 20 DOM
  17. 2026-06-04
    days on market $90,000 Active 17 DOM
  18. 2026-06-03
    days on market $90,000 Active 16 DOM
  19. 2026-06-02
    days on market $90,000 Active 15 DOM
  20. 2026-06-01
    days on market $90,000 Active 14 DOM
  21. 2026-05-31
    days on market $90,000 Active 13 DOM
  22. 2026-05-19
    status Active
  23. 2026-05-19
    price $90,000
  24. 2025-10-28
    historical $995
  25. 2025-10-25
    price $995
  26. 2025-10-08
    listed $1,050
  27. 2025-09-03
    historical $985
  28. 2025-08-30
    listed $985
  29. 2025-08-18
    listed $1,050 Active
  30. 2025-05-23
    soldstatus $50,000 Closed 725-char remark
    Show marketing remark (725 chars)

    Multiple Offers Highest and Best by 2:00 pm April 28,2025. Welcome to Destiny Springs Condominium Complex located in Altamonte Springs. This studio condo is priced to sell and is awaiting it's new owner to transform this unit into a showplace. This second floor condo has a newer AC unit and a newer range and dishwasher. Cozy unit featuring: a separate kitchen, dinning area and living/bedroom area. Bring your creative ideas and imagination to re -do this home and make it yours. This complex offers: Two Swimming Pools, Tennis Court, Clubhouse and lakeside living! Conveniently located this home is close to Maitland Center, Restaurants, Shopping, Medical and minutes from 1-4 and the 414. Call to see this home today !

  31. 2025-05-23
    soldstatus $50,000
    Show marketing remark (725 chars)

    Multiple Offers Highest and Best by 2:00 pm April 28,2025. Welcome to Destiny Springs Condominium Complex located in Altamonte Springs. This studio condo is priced to sell and is awaiting it's new owner to transform this unit into a showplace. This second floor condo has a newer AC unit and a newer range and dishwasher. Cozy unit featuring: a separate kitchen, dinning area and living/bedroom area. Bring your creative ideas and imagination to re -do this home and make it yours. This complex offers: Two Swimming Pools, Tennis Court, Clubhouse and lakeside living! Conveniently located this home is close to Maitland Center, Restaurants, Shopping, Medical and minutes from 1-4 and the 414. Call to see this home today !

  32. 2025-04-28
    status Pending 725-char remark
    Show marketing remark (725 chars)

    Multiple Offers Highest and Best by 2:00 pm April 28,2025. Welcome to Destiny Springs Condominium Complex located in Altamonte Springs. This studio condo is priced to sell and is awaiting it's new owner to transform this unit into a showplace. This second floor condo has a newer AC unit and a newer range and dishwasher. Cozy unit featuring: a separate kitchen, dinning area and living/bedroom area. Bring your creative ideas and imagination to re -do this home and make it yours. This complex offers: Two Swimming Pools, Tennis Court, Clubhouse and lakeside living! Conveniently located this home is close to Maitland Center, Restaurants, Shopping, Medical and minutes from 1-4 and the 414. Call to see this home today !

  33. 2025-04-25
    listed $63,500 Active 725-char remark
    Show marketing remark (725 chars)

    Multiple Offers Highest and Best by 2:00 pm April 28,2025. Welcome to Destiny Springs Condominium Complex located in Altamonte Springs. This studio condo is priced to sell and is awaiting it's new owner to transform this unit into a showplace. This second floor condo has a newer AC unit and a newer range and dishwasher. Cozy unit featuring: a separate kitchen, dinning area and living/bedroom area. Bring your creative ideas and imagination to re -do this home and make it yours. This complex offers: Two Swimming Pools, Tennis Court, Clubhouse and lakeside living! Conveniently located this home is close to Maitland Center, Restaurants, Shopping, Medical and minutes from 1-4 and the 414. Call to see this home today !

  34. 1983-06-01
    soldstatus $27,900

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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 ≥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

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$18,109
− Mortgage interest
−$4,985
− Property taxes
−$1,335
− Insurance
−$445
− Repairs & maintenance
−$1,449
− Management
−$1,449
− HOA
−$3,144
− Depreciation
−$2,589
Taxable income
$2,713
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$651
After-tax cash flow
$3,130/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.

Condition & rehab AI · 5 photos

Good 75/100 Cosmetic rehab Est. rehab $2,310–$6,930 screening

This move-in ready townhouse in Altamonte Springs is in good condition with updated appliances and laminate flooring. It offers a good investment opportunity with potential for rental or resale value increases.

Value-add opportunities

  • Both Paint the exterior — Enhances curb appeal and resale value ↑
  • Both Replace the sliding glass doors — Improves natural light and ventilation ↑
  • Both Install new window treatments — Enhances curb appeal and rental value ↑

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 48/100

Zoned Schools

Elementary Spring Lake Elementary School D- FL #1,234/2,144 Nat'l #15,585/41,679 Middle Milwee Middle School B- FL #178/571 Nat'l #2,418/14,009 High Lyman High School F FL #255/667 Nat'l #7,439/17,239

Schools (NCES district)

District
Seminole
NCES district ID
1201710
Math proficiency
57% ▼ -7.00%
Reading proficiency
61% ▼ -1.00%
Median HH income
$58,478
Composite
51.05/100
National rank
#1769
State rank
#13 of 73 in FL
A Composite livability gradescore 82/100

Livability — Altamonte Springs

Score
82/100
State rank
#62
US rank
#1095

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Altamonte Springs, FL
County
Seminole County · 515,494 people
City population
62,497
Metro
Orlando-Kissimmee-Sanford, FL
Population (ZIP)
37,905
Household income
$70,955
Rent vs Own
49.1% rent · 50.9% own
Severe rent burden
17% of renters

Population outlook (Seminole County) Hauer SSP2

Today (2025)
515,494 people
By 2030
545,713 · +5.9%
By 2040
598,068 · +16.0%
By 2050
640,663 · +24.3%
By 2075
724,461 · +40.5%
By 2100
755,530 · +46.6%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Diverse neighborhood (Simpson 0.69)
Race & ethnicity
White 43% Hispanic / Latino 31% Two or more races 17% Black 17% Asian 2%
Hispanic origin (detail)
Mexican 3% Puerto Rican 10% Cuban 3% Dominican 2%
Languages at home
71% English-only · Spanish 22% French/Haitian/Cajun 3% Other Indo-European 1%

Political lean MEDSL · Seminole

2024 margin
Toss-up / Even · D 47.6% · R 51.1% · Other 1.3%
2008→2024 swing
-0.8pp no change · 2008: -2.8pp · 2024: -3.5pp
All cycles
2024: R+3.5 2020: D+2.8 2016: R+1.6 2012: R+6.5 2008: R+2.8

Not yet ingested

Civics
—

Price history

+222.6% since first listed
13 events — show timeline
  • 2026-05-19 Relisted — Stellar MLS as Distributed by MLS Grid
  • 2026-05-19 Price Changed $90,000 Stellar MLS as Distributed by MLS Grid
  • 2025-10-28 Rental Removed $995 STELLARMLS
  • 2025-10-25 Price Changed $995 STELLARMLS
  • 2025-10-08 Listed for Rent $1,050 STELLARMLS
  • 2025-09-03 Rental Removed $985 STELLARMLS
  • 2025-08-30 Listed for Rent $985 STELLARMLS
  • 2025-08-18 Listed $1,050 Stellar MLS as Distributed by MLS Grid
  • 2025-05-23 Sold (Public Records) $50,000 Public Records
  • 2025-05-23 Sold (MLS) $50,000 Stellar MLS as Distributed by MLS Grid
  • 2025-04-28 Pending — Stellar MLS as Distributed by MLS Grid
  • 2025-04-25 Listed $63,500 Stellar MLS as Distributed by MLS Grid
  • 1983-06-01 Sold (Public Records) $27,900 Public Records

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…