144 Maitland Ave Unit C · Altamonte Springs, FL 32701

$145,000

2 bd · 2.0 ba · 1,182 sqft · Condo public records · 111 Days on market

Built 1974 $602/mo HOA · 35% of rent

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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 +10.1/30.0
• ARV discount +7.5/15.0
• 1% rule +6.9/10.0
• Schools +5.1/10.0
• Livability +4.1/5.0
• DSCR +2.9/10.0
• Condition / age +2.5/5.0
• Rent growth +2.1/5.0
• Appreciation +0.0/10.0

Listing remarks

Under contract-accepting backup offers. One or more photo(s) has been virtually staged. Welcome to carefree, waterfront living in the heart of Altamonte Springs! This freshly painted 2-bedroom, 2-bath condo is perfectly positioned overlooking beautiful Lake Orienta, offering peaceful water views and a lifestyle that feels like a permanent mini vacation. The roof was replaced in 2023, adding peace of mind, and inside you’ll find tile flooring in the main living areas with cozy carpet in the bedrooms. The spacious primary suite features a walk-in closet and a private en-suite bathroom, creating a comfortable retreat at the end of the day. The condo also includes a dedicated parking spot

Key facts

• Walk-in closet
• Peaceful water views
• Waterfront living

Tags

• WATERFRONT LIVING
• PEACEFUL WATER VIEWS
• ROOF REPLACED
• TILE FLOORING
• WALK-IN CLOSET
• PRIVATE EN-SUITE BATHROOM

Property features AI

Finance

• Other: Association fee requirement: None
• Financial info: Condo fees reported monthly; total annual fees $7,224; Lease restrictions apply
• HOA & community: HOA managed by Sentry Management; Monthly condo fee: $602 (includes cable TV, internet, structure and grounds maintenance, pest control, pool, trash, water); Association requires approval; Community features include clubhouse, pool, recreation facilities, community mailbox, deed restrictions; buyer approval required; Pets allowed (cats and dogs)

Exterior

• Parking: Assigned parking and guest parking
• Utilities: Public water; Public sewer; Electricity connected; Cable connected; Internet available
• Home design: Condominium; Residential property; Two-story building; unit on second floor; East-facing
• Construction: Frame construction with wood siding; Shingle roof; Slab foundation; Building identified as 144
• Exterior features: Rear porch; Sliding glass doors; Mature landscaping; Asphalt road access; Lake view and lake access (Lake Orienta) with private boat ramp and fishing pier

Interior

• Kitchen: Electric water heater; Kitchen laundry area
• Bedrooms: 2 bedrooms (second floor)
• Flooring: Carpet; Ceramic tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; Formal dining area; Thermostat
• Laundry & utility: Laundry located in kitchen

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $145k.

Deal economics

• At list price, monthly cash flow is $-84 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $130k (10.2% below list).
• Meets the 1% rule at list price ($2k rent vs $145k).
• Recommended offer: $130k (10.2% below list) — sets the bar for cash-flow.
• Cap rate 5.6% vs local median 3.3% 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: Lake Orienta Elementary School (math 50% / reading 50%, grade D+, #1,070 of 2,144 statewide, top 51%, 620 students, 73% FRL); Lyman High School (math 36% / reading 50%, grade F, #255 of 667 statewide, top 39%, 2,084 students, 53% FRL) — zoned schools average 63% FRL vs 38% district-wide (25 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 46% at this address vs 59% district-wide (-12 pts) — the specific schools serving this property underperform the Seminole average; the district grade overstates school quality for this exact location.
• Market conditions: Rents soft (-1.5%/yr); 201 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 14d on market — plan ~3-4 weeks tenant-placement turnaround); 1,979 units permitted in Seminole County in 2024 (1,191 in 5+ unit buildings).
• This rent runs 33% of the median local income ($62k/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 $1k of loan paydown is wiped out by about $4k 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 111 days — a 9% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $34k; list at $145k implies a 326% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 35% of rent.
• 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 $130,190 (10.2% 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 111 days. Have you received any prior offers? Is the seller open to a 10% concession, seller financing, or rate buy-down credit?
3. Built in 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. 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?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. 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?
9. 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?
10. 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.
11. 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.
12. 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: 1.19% ✓
• Cap rate: 5.60%
• Cash-on-cash: -2.48%
• DSCR: 0.89
• GRM: 7.0

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: -25.3%
• Equity multiple: 0.17×
• Total profit: $-33,597
• Equity at exit: $21,620

10-year hold

• IRR: -45.9%
• Equity multiple: -0.34×
• Total profit: $-54,471
• Equity at exit: $12,537

Cash invested: $40,600 (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 32701

• Home prices YoY: -34.4%
• Rents YoY: -1.5%
• Active inventory: 201
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $1,727 high
• Mortgage (P&I): −$760
• Tax from tax record: −$25 /mo · $304/yr
• Insurance: −$60
• HOA: −$602
• Vacancy / Maint / Mgmt: −$363
• Net cashflow: $-84

Break-even live

Break-even rent $1,833

Max offer price $130,190

Occupancy floor 100%

Sensitivity live

Price	-10% $-2	-5% $-43	+0% $-84	+5% $-290	+10% $-340
Rent	-10% $-220	-5% $-152	+0% $-84	+5% $-16	+10% $53
Rate	-1.0pp $-11	-0.5pp $-47	base $-84	+0.5pp $-121	+1.0pp $-160

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: $36,250
• Closing costs: $4,350
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
200 Maitland Ave Altamonte Springs, FL	1.0–3.0	1.0–2.0	1115	$1,699	$1.52	25d	3	0.12mi
200 Maitland Ave Altamonte Springs, FL	2.0	2.0	1216	$1,825	$1.50	13d	1	0.12mi
828 Orienta Ave Altamonte Springs, FL	1.0–2.0	1.0–2.0	845	$1,474	$1.74	23d	30	0.30mi
602 Orange Dr #173 Altamonte Springs, FL	2.0	2.0	1029	$1,675	$1.63	25d	1	0.32mi
568 Orange Dr #48 Altamonte Springs, FL	2.0	2.0	1029	$1,545	$1.50	16d	1	0.38mi
512 Orange Dr #30 Altamonte Springs, FL	2.0	2.0	1002	$1,645	$1.64	19d	1	0.44mi
871 Darwin Dr Altamonte Springs, FL	3.0	2.0	1170	$2,200	$1.88	3d	1	0.51mi
524 Orange Dr #21 Altamonte Springs, FL	2.0	2.0	1002	$1,695	$1.69	16d	1	0.54mi
375 Palm Springs Dr Altamonte Springs, FL	3.0	1.0–2.0	828	$1,580	$1.91	0d	18	0.55mi
534 Orange Dr #13 Altamonte Springs, FL	2.0	2.0	1252	$1,550	$1.24	25d	1	0.58mi
530 Orange Dr #11 Altamonte Springs, FL	2.0	2.0	1002	$1,795	$1.79	25d	1	0.58mi
815 2nd St Unit A Altamonte Springs, FL	2.0	1.5	1008	$1,600	$1.59	14d	1	0.66mi
542 Orange Dr #26 Altamonte Springs, FL	3.0	2.0	1252	$1,799	$1.44	5d	1	0.67mi
270 Altamonte Bay Club Cir Altamonte Springs, FL	1.0–2.0	1.0–2.0	985	$1,916	$1.95	0d	8	0.67mi
1010 Merritt St Altamonte Springs, FL	1.0–2.0	1.0	862	$1,372	$1.59	25d	1	0.70mi
305 Lakepointe Dr #104 Altamonte Springs, FL	2.0	2.0	924	$1,749	$1.89	6d	1	0.74mi
385 Woodside Dr #201 Altamonte Springs, FL	1.0	1.0	708	$1,500	$2.12	25d	1	0.76mi
300 Lakepointe Dr #204 Altamonte Springs, FL	1.0	1.0	712	$1,225	$1.72	25d	1	0.76mi
505 One Center Blvd Altamonte Springs, FL	3.0	1.0–2.0	963	$2,764	$2.87	3d	39	0.78mi
370 Lake Tahoe Ct Altamonte Springs, FL	1.0	1.0	712	$1,295	$1.82	19d	2	0.79mi
17 Escondido Cir #239 Altamonte Springs, FL	3.0	2.0	1473	$1,775	$1.21	25d	1	0.81mi
375 Lake Ontario Ct Altamonte Springs, FL	1.0	1.0	678	$1,322	$1.95	5d	2	0.83mi
2 Escondido Cir #185 Altamonte Springs, FL	2.0	2.0	1339	$1,600	$1.19	6d	1	0.85mi
380 Lakepointe Dr #204 Altamonte Springs, FL	1.0	1.0	712	$1,345	$1.89	6d	1	0.85mi
320 Black Oak Ct #207 Altamonte Springs, FL	1.0	1.0	712	$1,350	$1.90	25d	1	0.88mi
525 One Center Blvd Altamonte Springs, FL	1.0–3.0	1.0–2.0	1082	$1,929	$1.78	0d	17	0.88mi
510 Cranes Way Altamonte Springs, FL	1.0–2.0	1.0–2.0	967	$1,700	$1.76	0d	1	0.89mi
112 Highland Dr Fern Park, FL	3.0	1.0	1192	$1,880	$1.58	0d	1	0.94mi
600 Cranes Way #204 Altamonte Springs, FL	2.0	2.5	1482	$2,500	$1.69	25d	1	0.97mi
285 Uptown Blvd Altamonte Springs, FL	1.0–3.0	1.0–2.0	1166	$2,215	$1.90	0d	25	0.99mi
700 Altamira Cir Altamonte Springs, FL	1.0–2.0	1.0–2.0	825	$1,781	$2.16	0d	32	1.13mi
858 Bishop Dr Altamonte Springs, FL	3.0	2.0	1485	$2,250	$1.52	0d	1	1.15mi
115 Orienta Dr Altamonte Springs, FL	3.0	2.0	1080	$1,900	$1.76	25d	1	1.16mi
738 Preble Ave Altamonte Springs, FL	3.0	2.0	1414	$2,190	$1.55	25d	1	1.19mi
1227 Merritt St Altamonte Springs, FL	3.0	2.0	1280	$2,100	$1.64	25d	1	1.23mi
230 Country Walk Pl Altamonte Springs, FL	1.0–3.0	1.0–2.5	1068	$1,832	$1.72	0d	51	1.24mi
555 Northlake Blvd Altamonte Springs, FL	3.0	2.0	1230	$1,930	$1.57	23d	1	1.26mi
351 Northlake Blvd Altamonte Springs, FL	1.0–2.0	1.0–2.0	837	$1,938	$2.31	0d	23	1.26mi
425 Centerpointe Cir Altamonte Springs, FL	2.0	1.0–2.0	884	$3,364	$3.81	0d	127	1.29mi
486 Centerpointe Cir Altamonte Springs, FL	1.0–3.0	1.0–2.0	1037	$2,290	$2.21	0d	14	1.32mi

HOA detail condo

• Monthly dues: $602 · $7,224/yr
• Likely covers: water
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 5 events

1. 2026-05-08
   status Pending
2. 2026-05-04
   price $145,000
3. 2026-03-23
   price $169,900
4. 2026-01-17
   listed $180,000 Active
5. 1976-01-01
   soldstatus $34,000

ⓘ 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: $304 · $25/mo
• Projected year-2 tax: $1,204 · $100/mo
• Expected delta: +$899/yr (+$75/mo · 295.6%)

ⓘ 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 9/10 Extreme 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 · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,724
• − Mortgage interest: −$8,122
• − Property taxes: −$304
• − Insurance: −$725
• − Repairs & maintenance: −$1,658
• − Management: −$1,658
• − HOA: −$7,224
• − Depreciation: −$4,218
• Taxable loss: −$3,186
• Est. tax savings @ 24.0%: +$765
• After-tax cash flow: $-242/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: 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

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 · 436,154 people
• City population: 62,497
• Metro: Orlando-Kissimmee-Sanford, FL
• Population (ZIP): 24,592
• Household income: $62,198
• Rent vs Own: 49.0% rent · 51.0% own
• Severe rent burden: 1447.0

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 0.67)
• Race & ethnicity: White 46% Hispanic / Latino 28% Black 19% Two or more races 18% Asian 3%
• Hispanic origin (detail): Puerto Rican 16% Cuban 3% Dominican 1%
• Common ancestry: Lithuanian 2% Romanian 2% Slovak 1%
• Foreign-born: 15% · Canada, Jamaica
• Languages at home: 75% English-only · Spanish 19% Other Indo-European 2% Russian/Polish/Slavic 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: —

Market trends

• HPI YoY: ▼ -169.27%
• Current HPI: 323.2703
• Rent YoY: ▼ -1.52%
• 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

+326.5% since first listed

5 events — show timeline

• 2026-05-08 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-05-04 Price Changed $145,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-23 Price Changed $169,900 Stellar MLS as Distributed by MLS Grid
• 2026-01-17 Listed $180,000 Stellar MLS as Distributed by MLS Grid
• 1976-01-01 Sold (Public Records) $34,000 Public Records

Property tax history

+3.0%/yr

Latest (2025): $304 · +11.3% YoY. Source: county tax records.