403 Mercado Ave · Orlando, FL 32807

$200,000

3 bd · 2.0 ba · 1,030 sqft · SingleFamily public records · 102 Days on market

Built 1954 0.30 ac lot Est $286k · 30% under

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Why this score? — see what drove the C- 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).

• ARV discount +15.0/15.0
• Cash flow +13.4/30.0
• 1% rule +4.4/10.0
• Livability +4.3/5.0
• Schools +4.1/10.0
• DSCR +4.0/10.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

FIRE DAMAGE PROPERTY!!! HOUSE NEEDS A COMPLETE REBUILD.

Key facts

• 0.3 acre lot
• Built 1954
• Listed 102 days

Property features AI

Finance

• Other: Zoning: R-1A/AN; Property ID available
• Financial info: No lease restrictions; Tax information available (not included per instructions)
• HOA & community: No HOA / association

Exterior

• Parking: Road surfaces: Asphalt and concrete
• Utilities: Public water; Public sewer; Other utilities
• Home design: Single family residence; Residential property; Fixer condition; One story; Faces east
• Construction: Block and stucco construction; Shingle roof; Slab foundation; Built on a 0.3-acre lot (approx. 1/4 to less than 1/2 acre)
• Exterior features: Sidewalk

Interior

• Kitchen: No appliances listed
• Bedrooms: 3 bedrooms (total)
• Flooring: Concrete flooring; Other flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: No heating listed; No cooling listed
• Interior features: No interior features listed
• Laundry & utility: No laundry features

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $4 ($44/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 $188k (6.0% below list).
• Recommended offer: $182k (9.0% below list) — sets the bar for market timing.
• Cap rate 6.3% vs local median 3.0% in Orlando — 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 86/100 on livability (#12 in FL, #360 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, housing A+.
• 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: Azalea Park Elementary (math 52% / reading 47%, grade D, #1,088 of 2,144 statewide, top 53%, 467 students, 81% FRL); Roberto Clemente Middle (math 31% / reading 36%, grade F, #428 of 571 statewide, top 76%, 951 students, 63% FRL); William R Boone High (math 36% / reading 58%, grade D-, #207 of 667 statewide, top 32%, 2,780 students, 44% FRL).
• Market conditions: Rents rising (+2.6%/yr); 175 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 8,053 units permitted in Orange County in 2024 (3,133 in 5+ unit buildings).
• This rent runs 38% of the median local income ($60k/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 $6k 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 102 days — a 9% lower offer ($182k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 7y 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 $86k; list at $200k implies a 133% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1954 — 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 $182,000 (9.0% below list)

Questions for the listing agent

1. It's been on market 102 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1954 — 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 B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 0.94% ✗
• Cap rate: 6.32%
• Cash-on-cash: 0.08%
• DSCR: 1.00
• GRM: 8.9

CMA / ARV

• ARV (on-the-fly): $286,340
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5873 Camellia Dr	0.52mi	3/1.0	1,059 (+3%)	0mo	$299,000	$282	67
312 Verbena Dr	0.10mi	3/1.0	1,150 (+12%)	13mo	$320,000	$278	61
600 Dorado Ave	0.21mi	3/1.0	894 (-13%)	13mo	$195,000	$218	53
532 Yucatan Dr	0.51mi	3/1.5	989 (-4%)	18mo	$297,500	$301	53
606 EL Vedado Ave	0.23mi	3/1.0	880 (-15%)	13mo	$206,000	$234	50

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 · 2.6% rent growth · sell at horizon

5-year hold

• IRR: -16.6%
• Equity multiple: 0.41×
• Total profit: $-32,838
• Equity at exit: $29,821

10-year hold

• IRR: -9.1%
• Equity multiple: 0.45×
• Total profit: $-30,996
• Equity at exit: $17,292

Cash invested: $56,000 (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 32807

• Home prices YoY: -20.1%
• Rents YoY: 2.6%
• Active inventory: 175
• Price-to-rent: 8.9×

Monthly cashflow live

• Estimated rent: $1,880 high
• Mortgage (P&I): −$1,049
• Tax from tax record: −$349 /mo · $4,189/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$395
• Net cashflow: $4

Break-even live

Break-even rent $1,875

Max offer price $200,000

Occupancy floor 95%

Sensitivity live

Price	-10% $117	-5% $60	+0% $4	+5% $-53	+10% $-110
Rent	-10% $-145	-5% $-71	+0% $4	+5% $78	+10% $152
Rate	-1.0pp $104	-0.5pp $55	base $4	+0.5pp $-48	+1.0pp $-101

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: $50,000
• Closing costs: $6,000
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5520 Lake Underhill Rd Unit 105 Orlando, FL	3.0	2.0	1050	$1,795	$1.71	25d	1	0.05mi
5520 Lake Underhill Rd Unit 203 Orlando, FL	3.0	2.0	1050	$1,695	$1.61	23d	1	0.05mi
5719 Camellia Dr Orlando, FL	4.0	3.5	1315	$2,470	$1.88	0d	1	0.32mi
572 Santiago Ave Orlando, FL	4.0	2.0	1407	$2,300	$1.63	23d	1	0.50mi
5856 Dahlia Dr Azalea Park, FL	1.0–2.0	1.0	815	$1,525	$1.87	0d	4	0.57mi
5801 Shenandoah Way Orlando, FL	1.0–3.0	1.0–2.0	999	$1,775	$1.78	0d	3	0.58mi
5885 Dahlia Dr Unit 106/9 Orlando, FL	2.0	1.0	830	$1,350	$1.63	25d	1	0.61mi
5885 Dahlia Dr Unit 216 Orlando, FL	2.0	1.0	830	$1,500	$1.81	22d	1	0.61mi
5885 Dahlia Dr Orlando, FL	2.0	1.0	830	$1,348	$1.62	6d	2	0.63mi
502 Engel Dr Orlando, FL	2.0	1.0	850	$2,250	$2.65	25d	1	0.70mi
529 Hibiscus Way Orlando, FL	3.0	2.0	1458	$2,150	$1.47	9d	1	0.75mi
511 Carr St Orlando, FL	4.0	2.0	1209	$2,500	$2.07	6d	1	0.76mi
536 Hibiscus Way Unit 7B Orlando, FL	3.0	2.0	1113	$3,977	$3.57	22d	1	0.77mi
5835 La Costa Dr #104 Orlando, FL	2.0	2.0	1115	$1,600	$1.43	25d	1	0.77mi
550 Hibiscus Cove Dr Orlando, FL	3.0	2.0	1481	$1,300	$0.88	0d	1	0.84mi
1198 Calanda Ave Orlando, FL	3.0	2.0	1151	$2,390	$2.08	25d	1	0.88mi
160 Palmyra Dr Orlando, FL	2.0	1.0	850	$3,000	$3.53	23d	1	0.90mi
1450 Terre Cia Ave Orlando, FL	3.0	2.0	1166	$2,095	$1.80	6d	1	0.90mi
525 Conway Rd Orlando, FL	2.0	1.5–2.0	920	$1,450	$1.58	15d	3	1.02mi
525 Conway Rd Orlando, FL	1.0–2.0	1.0–1.5	748	$1,550	$2.07	0d	4	1.02mi
525 Conway Rd Orlando, FL	2.0	1.0–1.5	942	$1,538	$1.63	25d	3	1.02mi
5317 Curry Ford Rd Orlando, FL	1.0–2.0	1.0	661	$1,300	$1.97	3d	3	1.03mi
5730 Oleander Dr Orlando, FL	3.0	2.0	1447	$2,200	$1.52	6d	1	1.03mi
619 Santa Fe Ln Orlando, FL	3.0	1.5	1168	$2,025	$1.73	23d	1	1.03mi
1303 Candlewyck Dr Orlando, FL	2.0	1.0	904	$1,500	$1.66	25d	1	1.04mi
712 Saint Lucie Ln Orlando, FL	3.0	1.5	1212	$2,000	$1.65	25d	1	1.08mi
1625 Larkin Ave Orlando, FL	3.0	2.0	1202	$1,850	$1.54	13d	1	1.08mi
1382 Hendren Dr Orlando, FL	3.0	2.0	1175	$2,150	$1.83	25d	1	1.10mi
720 Conway Rd Orlando, FL	2.0	1.0–2.0	995	$2,117	$2.13	0d	15	1.12mi
1448 Adriel Ln Orlando, FL	1.0–2.0	1.0–2.0	712	$1,550	$2.18	23d	1	1.13mi
247 Cocos Dr Orlando, FL	3.0	1.0	916	$1,950	$2.13	9d	1	1.13mi
6003 Oleander Dr Orlando, FL	2.0	1.5	900	$1,700	$1.89	25d	1	1.14mi
5230 Curry Ford Rd Orlando, FL	2.0	1.0	984	$1,250	$1.27	6d	1	1.14mi
5234 Curry Ford Rd #412 Orlando, FL	2.0	1.0	984	$1,200	$1.22	25d	1	1.14mi
4380 Lake Underhill Rd Orlando, FL	2.0	2.0	1250	$2,000	$1.60	12d	1	1.16mi
4380 Lake Underhill Rd Unit A Orlando, FL	2.0	2.0	1250	$2,000	$1.60	16d	1	1.16mi
917 S Alder Ave Orlando, FL	3.0	2.0	1014	$2,050	$2.02	25d	1	1.22mi
4401 Lenmore St #1 Orlando, FL	4.0	2.0	1375	$3,600	$2.62	25d	1	1.22mi
1997 Dixie Belle Dr Unit D Orlando, FL	3.0	2.0	993	$1,750	$1.76	19d	1	1.22mi
1600 Bending Brook Way Orlando, FL	2.0	2.5	1227	$1,695	$1.38	15d	1	1.25mi

Listing history 29 events

1. 2026-06-21
   days on market $200,000 Active 102 DOM
2. 2026-06-18
   days on market $200,000 Active 99 DOM
3. 2026-06-17
   days on market $200,000 Active 98 DOM
4. 2026-06-16
   days on market $200,000 Active 97 DOM
5. 2026-06-15
   days on market $200,000 Active 96 DOM
6. 2026-06-13
   days on market $200,000 Active 94 DOM
7. 2026-06-13
   days on market $200,000 Active 93 DOM
8. 2026-06-09
   days on market $200,000 Active 90 DOM
9. 2026-06-08
   days on market $200,000 Active 89 DOM
10. 2026-06-07
    days on market $200,000 Active 88 DOM
11. 2026-06-04
    days on market $200,000 Active 85 DOM
12. 2026-06-03
    days on market $200,000 Active 84 DOM
13. 2026-06-02
    days on market $200,000 Active 83 DOM
14. 2026-06-02
    days on market $200,000 Active 82 DOM
15. 2026-05-31
    days on market $200,000 Active 81 DOM
16. 2026-04-02
    status Active
17. 2026-04-02
    historical
18. 2026-03-11
    listed $200,000 Active
19. 2024-09-30
    historical
20. 2024-09-02
    status Active
21. 2024-09-01
    status Pending
22. 2024-08-27
    listed $205,000 Active
23. 2020-10-22
    historical
24. 2020-08-20
    listed $239,900 Active
25. 2019-07-09
    historical
26. 2019-04-29
    listed $129,000 Active
27. 2019-04-29
    soldstatus $86,000
28. 1994-03-01
    soldstatus $60,000
29. 1976-06-01
    soldstatus $18,500

ⓘ 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: $4,189 · $349/mo
• Projected year-2 tax: $4,189 · $349/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 9/10 Extreme 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 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,556
• − Mortgage interest: −$11,203
• − Property taxes: −$4,189
• − Insurance: −$1,000
• − Repairs & maintenance: −$1,805
• − Management: −$1,805
• − Depreciation: −$5,818
• Taxable loss: −$3,263
• Est. tax savings @ 24.0%: +$783
• After-tax cash flow: $827/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 — Orlando

• Score: 86/100
• State rank: #12
• US rank: #360

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Orlando, FL
• County: Orange County · 1,471,359 people
• City population: 964,969
• Metro: Orlando-Kissimmee-Sanford, FL
• Population (ZIP): 34,456
• Household income: $59,971
• Rent vs Own: 49.8% rent · 50.2% own
• Severe rent burden: 1566.0

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: Majority Hispanic (62%)
• Race & ethnicity: Hispanic / Latino 62% White 25% Two or more races 24% Black 6% Asian 4%
• Hispanic origin (detail): Mexican 6% Puerto Rican 28% Cuban 7% Dominican 5%
• Common ancestry: Romanian 1% Slovak 1% Lithuanian 1%
• Foreign-born: 26% · Canada, Jamaica, Vietnam
• Languages at home: 44% English-only · Spanish 52% Vietnamese 2% 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: ▼ -97.72%
• Current HPI: 388.4089
• Rent YoY: ▲ 2.60%
• 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

+981.1% since first listed

14 events — show timeline

• 2026-04-02 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-04-02 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2026-03-11 Listed $200,000 Stellar MLS as Distributed by MLS Grid
• 2024-09-30 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2024-09-02 Relisted — Stellar MLS as Distributed by MLS Grid
• 2024-09-01 Pending — Stellar MLS as Distributed by MLS Grid
• 2024-08-27 Listed $205,000 Stellar MLS as Distributed by MLS Grid
• 2020-10-22 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2020-08-20 Listed $239,900 Stellar MLS as Distributed by MLS Grid
• 2019-07-09 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2019-04-29 Sold (Public Records) $86,000 Public Records
• 2019-04-29 Listed $129,000 Stellar MLS as Distributed by MLS Grid
• 1994-03-01 Sold (Public Records) $60,000 Public Records
• 1976-06-01 Sold (Public Records) $18,500 Public Records

Property tax history

+10.4%/yr

Latest (2025): $4,189 · +3.7% YoY. Source: county tax records.