4903 Lake Ridge Rd Unit GE · Orlando, FL 32808

$149,900

2 bd · 2.0 ba · 947 sqft · Condo · 40 Days on market

Built 1986 Good condition $353/mo HOA · 21% of rent ↓ 19% since listing

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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 +10.6/30.0
• ARV discount +7.5/15.0
• 1% rule +6.1/10.0
• Livability +4.3/5.0
• Schools +4.1/10.0
• Condition / age +4.0/5.0
• DSCR +3.1/10.0
• Rent growth +2.4/5.0
• Appreciation +0.0/10.0

Listing remarks

Beautifully remodeled 2-bedroom, 2-bath condo offering modern finishes and true move-in-ready convenience. This stunning unit has been completely updated with a brand-new roof, new A/C system, new water heater, new cabinets, and brand-new appliances. The kitchen features elegant granite countertops and contemporary finishes throughout the home. Spacious layout with updated bathrooms, fresh upgrades, and low-maintenance living make this property perfect for homeowners or investors alike. Conveniently located and ready for immediate occupancy — just bring your furniture and move in!

Key facts

• New a/c system
• New water heater
• New cabinets

Tags

• REMODELED CONDO
• MODERN FINISHES
• NEW ROOF
• NEW A/C SYSTEM
• NEW WATER HEATER
• NEW CABINETS

Property features AI

Finance

• Other: Total acreage less than 1/4 acre; Paved road access
• HOA & community: Monthly condo fee of $353 (includes common area taxes and insurance); Association required — Acorn Village Management Inc.; Pets allowed with breed restrictions; Lease restrictions apply

Exterior

• Utilities: Public water; Public sewer; Public utilities
• Home design: Residential condominium; 2 total stories; Faces west
• Construction: Frame construction; Shingle roof; Block foundation; Built as part of a multi-story building
• Exterior features: Balcony; Exterior lighting; Sidewalks

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Range; Refrigerator
• Bedrooms: 2 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Thermostat; Walk-in closet(s)
• Laundry & utility: Inside laundry

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $150k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-73 ($-875/yr) — negative.
• To cash-flow at today's rent, offer at most $139k (7.0% below list).
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $139k (7.0% below list) — sets the bar for cash-flow.
• Cap rate 5.7% 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.
• Market conditions: Rents soft (-0.3%/yr); 251 active listings in the ZIP; 20 comparable units currently listed for rent nearby; rentals at typical pace (median 17d 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 40% of the median local income ($50k/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.
• 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 40 days — a 3% lower offer ($145k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts 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.

Risks & watch-outs

• Watch-outs: HOA is 21% of rent.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $139,352 (7.0% 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 40 days. Have you received any prior offers? Is the seller open to a 7% concession, seller financing, or rate buy-down credit?
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. 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?
7. 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?
8. 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.
9. 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.
10. 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: 1.11% ✓
• Cap rate: 5.71%
• Cash-on-cash: -2.08%
• DSCR: 0.91
• GRM: 7.5

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: -24.3%
• Equity multiple: 0.20×
• Total profit: $-33,573
• Equity at exit: $22,351

10-year hold

• IRR: -38.8%
• Equity multiple: -0.27×
• Total profit: $-53,097
• Equity at exit: $12,961

Cash invested: $41,972 (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 32808

• Home prices YoY: -22.6%
• Rents YoY: -0.3%
• Active inventory: 251
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $1,666 high
• Mortgage (P&I): −$786
• Tax est. 1.5%: −$187 /mo · $2,248/yr
• Insurance: −$62
• HOA: −$353
• Vacancy / Maint / Mgmt: −$350
• Net cashflow: $-73

Break-even live

Break-even rent $1,758

Max offer price $139,352

Occupancy floor 99%

Sensitivity live

Price	-10% $31	-5% $-21	+0% $-73	+5% $-125	+10% $-176
Rent	-10% $-204	-5% $-139	+0% $-73	+5% $-7	+10% $59
Rate	-1.0pp $3	-0.5pp $-35	base $-73	+0.5pp $-112	+1.0pp $-151

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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Rent comps 20 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4907 Lake Ridge Rd Orlando, FL	2.0	2.0	947	$1,475	$1.56	24d	1	0.02mi
4758 Muir Village Orlando, FL	3.0	2.0	1097	$2,063	$1.88	15d	1	0.10mi
4793 N Pine Hills Rd Orlando, FL	2.0	2.0	890	$1,554	$1.75	3d	1	0.13mi
4793 N Pine Hills Rd Orlando, FL	2.0–3.0	2.0	954	$1,449	$1.52	17d	56	0.13mi
4793 N Pine Hills Rd Unit 41-101 Pine Hills, FL	3.0	2.0	1019	$1,649	$1.62	8d	1	0.13mi
4990 North Ln Orlando, FL	1.0	1.0	432	$1,230	$2.85	21d	5	0.38mi
4501 Landing Dr Orlando, FL	1.0–2.0	1.0–2.0	787	$1,417	$1.80	3d	18	0.58mi
4901 Bottlebrush Ln Orlando, FL	1.0–2.0	1.0–2.0	833	$1,775	$2.13	2d	17	0.59mi
5249 Champagne Cir Orlando, FL	2.0	2.0	980	$1,795	$1.83	24d	1	1.04mi
5300 Cinderlane Pkwy Orlando, FL	1.0–2.0	1.0–2.0	824	$1,880	$2.28	3d	2	1.08mi
3285 Split Willow Dr Orlando, FL	2.0	1.0	845	$1,400	$1.66	24d	1	1.09mi
5175 Cinderlane Pkwy Orlando, FL	1.0–2.0	1.0–2.0	751	$1,565	$2.08	3d	27	1.10mi
5234 Journal Ave Orlando, FL	2.0	1.0	720	$1,600	$2.22	17d	1	1.11mi
5536 Cinderlane Pkwy Orlando, FL	1.0–2.0	1.5–2.0	1077	$1,699	$1.58	2d	7	1.14mi
4358 South Lake Orlando Pkwy Unit 3-3 Orlando, FL	2.0	2.0	1089	$1,800	$1.65	8d	1	1.16mi
3043 Willow Bend Blvd Orlando, FL	2.0	2.0	900	$1,450	$1.61	24d	1	1.27mi
3071 Willow Bend Blvd Orlando, FL	2.0	2.0	900	$1,525	$1.69	24d	1	1.29mi
2920 Eastern Willow Ave Orlando, FL	2.0	2.0	868	$1,500	$1.73	24d	1	1.33mi
4705 Almond Willow Dr Orlando, FL	2.0	2.0	864	$1,600	$1.85	24d	1	1.38mi
5200 N Orange Blossom Trl Orlando, FL	1.0–3.0	1.0–2.0	976	$1,108	$1.14	15d	1	1.45mi

HOA detail condo

• Monthly dues: $353 · $4,236/yr
• Likely covers: water
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 25 events

1. 2026-06-21
   days on market $149,900 Active 40 DOM
2. 2026-06-18
   days on market $149,900 Active 37 DOM
3. 2026-06-17
   days on market $149,900 Active 36 DOM
4. 2026-06-16
   days on market $149,900 Active 35 DOM
5. 2026-06-15
   days on market $149,900 Active 34 DOM
6. 2026-06-13
   days on market $149,900 Active 32 DOM
7. 2026-06-13
   days on market $149,900 Active 31 DOM
8. 2026-06-09
   days on market $149,900 Active 28 DOM
9. 2026-06-08
   days on market $149,900 Active 27 DOM
10. 2026-06-07
    days on market $149,900 Active 26 DOM
11. 2026-06-04
    days on market $149,900 Active 23 DOM
12. 2026-06-03
    days on market $149,900 Active 22 DOM
13. 2026-06-02
    days on market $149,900 Active 21 DOM
14. 2026-06-01
    days on market $149,900 Active 20 DOM
15. 2026-05-31
    days on market $149,900 Active 19 DOM
16. 2026-05-07
    listed $149,900 Active
17. 2026-02-28
    historical
18. 2026-01-13
    price $155,999
19. 2025-10-14
    price $159,900
20. 2025-08-26
    price $179,900
21. 2025-08-19
    status Active
22. 2025-08-11
    historical
23. 2025-07-29
    price $182,900
24. 2025-05-28
    price $183,900
25. 2025-02-06
    listed $185,000 Active

ⓘ 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 9/10 Extreme 7 d/yr ≥108°F today · 23 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: $19,990
• − Mortgage interest: −$8,397
• − Property taxes: −$2,248
• − Insurance: −$750
• − Repairs & maintenance: −$1,599
• − Management: −$1,599
• − HOA: −$4,236
• − Depreciation: −$4,361
• Taxable loss: −$3,200
• Est. tax savings @ 24.0%: +$768
• After-tax cash flow: $-107/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 · 12 photos

Good 80/100 Cosmetic rehab

This beautifully remodeled 2-bedroom, 2-bath condo is move-in ready with modern finishes and low-maintenance living.

Value-add opportunities

• Both Painting exterior and interior walls — Enhances curb appeal and interior aesthetics
• Both Landscaping improvements — Enhances curb appeal and adds value
• Both New flooring in bathrooms — Improves functionality and aesthetics

Renovation cost estimate screening

Value-add ROI direction

• Both Painting exterior and interior walls — Enhances curb appeal and interior aesthetics ↑
• Both Landscaping improvements — Enhances curb appeal and adds value ↑
• Both New flooring in bathrooms — Improves functionality and aesthetics ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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): 60,203
• Household income: $49,700
• Rent vs Own: 58.0% rent · 42.0% own
• Severe rent burden: 4039.0

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: Predominantly Black (71%)
• Race & ethnicity: Black 71% Hispanic / Latino 13% White 10% Two or more races 7% Asian 1%
• Hispanic origin (detail): Mexican 2% Puerto Rican 5% Dominican 2%
• Common ancestry: Hispanic 20% Lithuanian 1% Scandinavian 0%
• Foreign-born: 25% · Canada, Vietnam, Jamaica
• Languages at home: 69% English-only · French/Haitian/Cajun 18% Spanish 11% 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: ▼ -110.15%
• Current HPI: 376.3801
• Rent YoY: ▼ -0.27%
• 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

-19.0% since first listed

10 events — show timeline

• 2026-05-07 Listed $149,900 Stellar MLS as Distributed by MLS Grid
• 2026-02-28 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2026-01-13 Price Changed $155,999 Stellar MLS as Distributed by MLS Grid
• 2025-10-14 Price Changed $159,900 Stellar MLS as Distributed by MLS Grid
• 2025-08-26 Price Changed $179,900 Stellar MLS as Distributed by MLS Grid
• 2025-08-19 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-08-11 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-07-29 Price Changed $182,900 Stellar MLS as Distributed by MLS Grid
• 2025-05-28 Price Changed $183,900 Stellar MLS as Distributed by MLS Grid
• 2025-02-06 Listed $185,000 Stellar MLS as Distributed by MLS Grid