4226 Lake Richmond Dr · Orlando, FL 32811

$199,900

4 bd · 2.0 ba · 1,361 sqft · SingleFamily public records · 336 Days on market

Built 1969 9,282 sqft lot Est $293k · 32% 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).

• Cash flow +20.0/30.0
• ARV discount +15.0/15.0
• DSCR +6.3/10.0
• 1% rule +5.6/10.0
• Livability +4.3/5.0
• Schools +4.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

One or more photo(s) has been virtually staged. Don't miss this fixer-upper opportunity! This 4-bedroom, 2-bathroom corner lot home is located in the Richmond Estates neighborhood of Orlando. The open-concept design allows the dining room and living room to flow seamlessly into the family room — great for entertaining! The spacious primary bedroom features a large closet and a private full bath. The property includes a shed for extra storage and sits on a generously sized lot, offering plenty of outdoor space. This fixer-upper is being sold as-is and has incredible potential — whether you're looking to create your ideal home or want to add a rental property into your portfolio.

Key facts

• Open-concept design
• Large closet
• Extra storage

Tags

• CORNER LOT
• OPEN-CONCEPT DESIGN
• LARGE CLOSET
• PRIVATE FULL BATH
• EXTRA STORAGE
• GENEROUSLY SIZED LOT

Property features AI

Finance

• Other: Property zoning: R-1; Property subtype: Single Family Residence; Homestead not indicated; Living area ~1361 square feet
• Financial info: No lease restrictions indicated
• HOA & community: No HOA/association indicated; Pets allowed

Exterior

• Parking: Carport (1 space)
• Utilities: Public water; Public sewer; Electricity available; Water service available
• Home design: Single-family residence; Residential property; One story; North-facing
• Construction: Block construction; Shingle roof; Slab foundation; Built on 0.21-acre lot
• Exterior features: Other exterior features; Asphalt road access

Interior

• Bedrooms: 4 bedrooms
• Flooring: Other flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: No heating specified; Central air conditioning
• Interior features: Other interior features; Florida room
• Laundry & utility: Laundry inside

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $246 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $200k).
• Recommended offer: $176k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.8% 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: Eccleston Elementary (math 22% / reading 28%, grade F, #2,030 of 2,144 statewide, top 95%, 357 students, 87% FRL); Oak Ridge High (math 17% / reading 27%, grade F, #544 of 667 statewide, top 82%, 2,477 students, 66% FRL) — zoned schools average 76% FRL vs 56% district-wide (20 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 24% at this address vs 48% district-wide (-25 pts) — the specific schools serving this property underperform the Orange average; the district grade overstates school quality for this exact location.
• Market conditions: Rents flat; 238 active listings in the ZIP; 25 comparable units currently listed for rent nearby; rentals at typical pace (median 20d on market — plan ~3-4 weeks tenant-placement turnaround); 8,053 units permitted in Orange County in 2024 (3,133 in 5+ unit buildings).
• At $2,126/mo this rent would consume 47% of the median local household income ($54k/yr) (locally 2728% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

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 336 days — a 12% lower offer ($176k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 2y ago; this cycle's ask has dropped $50k (20%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $12k; list at $200k implies a 1512% 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→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $175,912 (12.0% below list)

Questions for the listing agent

1. It's been on market 336 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1969 — 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: 1.06% ✓
• Cap rate: 7.77%
• Cash-on-cash: 5.27%
• DSCR: 1.23
• GRM: 7.8

CMA / ARV

• ARV (on-the-fly): $292,615
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4340 Kirkland Blvd	0.37mi	4/2.0	1,530 (+12%)	5mo	$314,700	$206	58
4749 Marbello Blvd	0.66mi	4/1.5	1,344 (-1%)	12mo	$270,000	$201	55
4401 Marshall St	0.48mi	4/2.0	1,489 (+9%)	13mo	$330,000	$222	51
2703 Messina Ave	0.65mi	4/2.0	1,400 (+3%)	21mo	$299,000	$214	47
4669 Vargas St	0.63mi	4/2.0	1,535 (+13%)	6mo	$330,000	$215	45
4568 Kirkland Blvd	0.53mi	4/1.5	1,230 (-10%)	23mo	$275,000	$224	38

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 · 0.15% rent growth · sell at horizon

5-year hold

• IRR: -11.5%
• Equity multiple: 0.60×
• Total profit: $-22,602
• Equity at exit: $29,806

10-year hold

• IRR: -7.2%
• Equity multiple: 0.60×
• Total profit: $-22,238
• Equity at exit: $17,284

Cash invested: $55,972 (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 32811

• Home prices YoY: -33.8%
• Rents YoY: 0.1%
• Active inventory: 238
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $2,126 high
• Mortgage (P&I): −$1,048
• Tax from tax record: −$302 /mo · $3,624/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$446
• Net cashflow: $246

Break-even live

Break-even rent $1,815

Max offer price $199,900

Occupancy floor 83%

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: $49,975
• Closing costs: $5,997
• Reserves months: —
• Total cash needed: —

Rent comps 25 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4226 Kelly Miller Ct Orlando, FL	3.0	1.0	1126	$1,950	$1.73	24d	1	0.11mi
2151 S Ivey Ln Orlando, FL	3.0	1.5	1080	$1,993	$1.85	4d	1	0.48mi
1822 Horne Ave Orlando, FL	3.0	1.0	1249	$1,600	$1.28	24d	1	0.68mi
1920 Willie Mays Pkwy Orlando, FL	4.0	2.0	1446	$2,070	$1.43	20d	1	0.73mi
1661 Gammon Ln Unit 1 Orlando, FL	4.0	3.0	1511	$2,500	$1.65	24d	1	0.76mi
4487 Wheatley St Orlando, FL	4.0	2.0	1249	$1,950	$1.56	20d	1	0.80mi
4201 Cepeda St Orlando, FL	4.0	2.0	1500	$1,800	$1.20	24d	1	0.86mi
4655 Cepeda St Orlando, FL	3.0	1.5	1266	$1,695	$1.34	24d	1	0.99mi
4118 Minoso St Orlando, FL	3.0	1.0	1213	$1,860	$1.53	24d	1	1.03mi
4700 Cason Cove Dr Orlando, FL	1.0–4.0	1.0–2.0	1002	$2,499	$2.49	3d	12	1.07mi
4673 Gardens Park Blvd Orlando, FL	1.0–3.0	1.0–2.0	1109	$3,200	$2.89	2d	16	1.07mi
4822 Cason Cove Dr Orlando, FL	1.0–3.0	1.0–2.0	884	$2,199	$2.49	2d	9	1.16mi
2751 L B McLeod Rd Unit 2751-A Orlando, FL	3.0	2.0	1338	$1,600	$1.20	18d	1	1.17mi
2805 Gulfstream Ct Orlando, FL	3.0	2.0	1574	$2,375	$1.51	15d	1	1.22mi
4803 Normandy Pl Orlando, FL	3.0	2.0	1262	$1,800	$1.43	3d	1	1.25mi
1343 Croyle Dr Orlando, FL	4.0	2.0	1273	$1,900	$1.49	24d	1	1.31mi
4881 Matteo Trl Orlando, FL	3.0	2.5	1534	$2,200	$1.43	22d	1	1.35mi
3757 Millenia Blvd Orlando, FL	1.0–3.0	1.0–2.0	1130	$2,475	$2.19	2d	17	1.37mi
4910 Fiorazante Ave Orlando, FL	3.0	2.5	1671	$2,300	$1.38	24d	1	1.40mi
4956 Matteo Trl Orlando, FL	3.0	2.5	1735	$2,499	$1.44	18d	1	1.42mi
4529 W Gore Ave Orlando, FL	3.0	2.0	1439	$2,549	$1.77	20d	1	1.42mi
4000 Middlebrook Rd Orlando, FL	1.0–3.0	1.0–2.0	979	$2,449	$2.50	8d	27	1.43mi
701 S Ivey Ln Orlando, FL	2.0–3.0	1.0	871	$1,329	$1.53	24d	1	1.45mi
5132 Elese St Orlando, FL	3.0	2.0	960	$1,800	$1.88	16d	1	1.46mi
5300 Lescot Ln Orlando, FL	3.0	2.0	1143	$1,900	$1.66	24d	1	1.47mi

Listing history 17 events

1. 2026-05-20
   status Pending
2. 2026-04-06
   price $199,900
3. 2026-02-04
   status Active
4. 2025-12-23
   status Pending
5. 2025-12-17
   status Active
6. 2025-11-01
   status Pending
7. 2025-10-09
   price $214,900
8. 2025-08-11
   price $229,900
9. 2025-08-01
   status Active
10. 2025-07-31
    historical
11. 2025-06-20
    status Active
12. 2025-06-18
    historical
13. 2025-05-08
    price $239,900
14. 2025-03-18
    listed $249,900 Active
15. 2024-09-30
    status Pending
16. 2024-09-15
    listed $250,000 Active
17. 1969-06-01
    soldstatus $12,400

ⓘ 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: $3,624 · $302/mo
• Projected year-2 tax: $3,624 · $302/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 3/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥108°F today · 24 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,509
• − Mortgage interest: −$11,198
• − Property taxes: −$3,624
• − Insurance: −$1,000
• − Repairs & maintenance: −$2,041
• − Management: −$2,041
• − Depreciation: −$5,815
• Taxable loss: −$208
• Est. tax savings @ 24.0%: +$50
• After-tax cash flow: $2,999/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): 41,475
• Household income: $54,082
• Rent vs Own: 69.9% rent · 30.1% own
• Severe rent burden: 2728.0

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: Diverse neighborhood (Simpson 0.66)
• Race & ethnicity: Black 50% Hispanic / Latino 27% Two or more races 17% White 12% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 8% Dominican 2%
• Common ancestry: Hispanic 7% Estonian 4% Russian 1%
• Foreign-born: 31% · Canada, Jamaica, China
• Languages at home: 62% English-only · Spanish 21% French/Haitian/Cajun 8% Other Indo-European 6%

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: ▼ -145.37%
• Current HPI: 284.9191
• Rent YoY: ▲ 0.15%
• 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

+1512.1% since first listed

17 events — show timeline

• 2026-05-20 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-06 Price Changed $199,900 Stellar MLS as Distributed by MLS Grid
• 2026-02-04 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-12-23 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-12-17 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-11-01 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-10-09 Price Changed $214,900 Stellar MLS as Distributed by MLS Grid
• 2025-08-11 Price Changed $229,900 Stellar MLS as Distributed by MLS Grid
• 2025-08-01 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-07-31 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-06-20 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-06-18 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-05-08 Price Changed $239,900 Stellar MLS as Distributed by MLS Grid
• 2025-03-18 Listed $249,900 Stellar MLS as Distributed by MLS Grid
• 2024-09-30 Pending — Stellar MLS as Distributed by MLS Grid
• 2024-09-15 Listed $250,000 Stellar MLS as Distributed by MLS Grid
• 1969-06-01 Sold (Public Records) $12,400 Public Records

Property tax history

+23.0%/yr

Latest (2025): $3,624 · +3.1% YoY. Source: county tax records.