2902 Pershing St · Kissimmee, FL 34741

$150,000

3 bd · 1.0 ba · 572 sqft · SingleFamily public records · 63 Days on market

Built 1958 3,485 sqft lot

---

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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.9/5.0
• Schools +3.6/10.0
• Condition / age +2.5/5.0
• Rent growth +2.1/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

CASH ONLY!! Calling all investors and landlords. Located in the city of Kissimmee, Florida. This Single-family home has 2-bedrooms, 1-full bathroom, bonus room, and 1-car garage. VAULTED CEILINGS and an OPEN FLOOR PLAN. Roof, AC and septic tank is less than 10 years old. This home has everything you are looking for and the outdoor space you need for all your toys! Oversized lot . 12 acres. NO homeowner association. You must view this one to appreciate all it has to offer. Fully stocked kitchen with tons of cabinet space, and all appliances included. SHOPPING, RESTAURANTS and POINCIANA SunRail Station are just MINUTES away. Downtown Kissimmee, Disney World, Lake Toho, Orlando International Airport are approximately 15-25 minutes away. UNIQUE OPPORTUNITY. Call today for an appointment

Key facts

• 3,485 sq ft lot
• Garage
• Built 1958

Property features AI

Finance

• Other: Property zoned ORS3
• HOA & community: No association

Exterior

• Parking: Attached 1-car garage (19x14)
• Utilities: Public water; Septic sewer; Broadband/High-speed internet available; Cable available and connected; Electricity available and connected; Water available and connected
• Home design: Single-family residence; One story; South-facing; Entry level: One
• Construction: Frame construction; Shingle roof; Crawlspace foundation; Built as residential single family
• Exterior features: Exterior lighting; Chain link fencing; Mature landscaping with trees

Interior

• Kitchen: Range; Range hood; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Ceramic tile; Laminate
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (Electric, Heat Pump); Central air conditioning
• Interior features: Ceiling fans; High ceilings; Thermostat
• Laundry & utility: Laundry located in garage; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $780 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $141k (6.0% below list) — sets the bar for market timing.
• Cap rate 12.5% vs local median 3.5% in Kissimmee — 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 77/100 on livability (#181 in FL, #2,841 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A+, health & safety A+; Watch: crime D-, employment D-.
• Osceola (suburban): math 39% / reading 45% proficiency, ranked #60 of 73 in FL (top 82%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 60% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Pleasant Hill Elementary School (math 36% / reading 38%, grade F, #1,609 of 2,144 statewide, top 77%, 741 students, 59% FRL); Osceola High School (math 26% / reading 32%, grade F, #456 of 667 statewide, top 68%, 2,391 students, 69% FRL) — zoned schools at 64% FRL track the district average.
• Market conditions: Rents soft (-1.4%/yr); 376 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals leasing fast (median 3d on market — plan ~1-2 weeks tenant-placement turnaround); 8,813 units permitted in Osceola County in 2024 (3,072 in 5+ unit buildings).

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.
• Osceola County population projected at +73% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $42k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 63 days — a 6% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 4y ago; this cycle's ask has dropped $17k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $120k; 25% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1958 — expect roof / HVAC / electrical / plumbing capex.
• 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 $141,000 (6.0% below list)

Questions for the listing agent

1. It's been on market 63 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1958 — 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. 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?
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: 1.54% ✓
• Cap rate: 12.53%
• Cash-on-cash: 22.28%
• DSCR: 1.99
• GRM: 5.4

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: 11.6%
• Equity multiple: 1.44×
• Total profit: $18,625
• Equity at exit: $22,365

10-year hold

• IRR: 18.0%
• Equity multiple: 2.29×
• Total profit: $54,130
• Equity at exit: $12,969

Cash invested: $42,000 (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 34741

• Home prices YoY: -28.3%
• Rents YoY: -1.4%
• Active inventory: 376
• Price-to-rent: 5.4×

Monthly cashflow live

• Estimated rent: $2,316 medium
• Mortgage (P&I): −$787
• Tax from tax record: −$200 /mo · $2,405/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$486
• Net cashflow: $780

Break-even live

Break-even rent $1,328

Max offer price $150,000

Occupancy floor 61%

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1375 Oak Haven Dr Kissimmee, FL	1.0–3.0	1.0–2.0	1102	$2,718	$2.47	3d	27	0.91mi
801 Green Heron Ct Kissimmee, FL	1.0–3.0	1.0–2.0	975	$1,912	$1.96	3d	9	1.40mi
900 Woodside Cir Kissimmee, FL	1.0–3.0	1.0–2.5	1030	$2,138	$2.08	2d	26	1.45mi

Listing history 30 events

1. 2026-06-18
   days on market $150,000 Active 63 DOM
2. 2026-06-17
   days on market $150,000 Active 62 DOM
3. 2026-06-16
   days on market $150,000 Active 61 DOM
4. 2026-06-15
   days on market $150,000 Active 60 DOM
5. 2026-06-13
   days on market $150,000 Active 58 DOM
6. 2026-06-13
   days on market $150,000 Active 57 DOM
7. 2026-06-09
   days on market $150,000 Active 54 DOM
8. 2026-06-08
   days on market $150,000 Active 53 DOM
9. 2026-06-07
   statusdays on market $150,000 Active 52 DOM
10. 2026-06-04
    status $150,000 Pending 50 DOM
11. 2026-06-03
    days on market $150,000 Active 50 DOM
12. 2026-06-02
    days on market $150,000 Active 49 DOM
13. 2026-06-02
    days on market $150,000 Active 48 DOM
14. 2026-05-31
    days on market $150,000 Active 47 DOM
15. 2026-05-07
    price $150,000
16. 2026-05-04
    price $162,500
17. 2026-04-14
    listed $167,000 Active
18. 2023-06-28
    historical
19. 2023-05-23
    price $189,900
20. 2023-04-29
    listed $199,900 Active
21. 2022-03-22
    soldstatus $120,000
22. 2022-03-21
    soldstatus $120,000 Closed 793-char remark

    Show marketing remark (793 chars)

    CASH ONLY!! Calling all investors and landlords. Located in the city of Kissimmee, Florida. This Single-family home has 2-bedrooms, 1-full bathroom, bonus room, and 1-car garage. VAULTED CEILINGS and an OPEN FLOOR PLAN. Roof, AC and septic tank is less than 10 years old. This home has everything you are looking for and the outdoor space you need for all your toys! Oversized lot . 12 acres. NO homeowner association. You must view this one to appreciate all it has to offer. Fully stocked kitchen with tons of cabinet space, and all appliances included. SHOPPING, RESTAURANTS and POINCIANA SunRail Station are just MINUTES away. Downtown Kissimmee, Disney World, Lake Toho, Orlando International Airport are approximately 15-25 minutes away. UNIQUE OPPORTUNITY. Call today for an appointment

23. 2022-03-14
    status Pending 793-char remark

    Show marketing remark (793 chars)

    CASH ONLY!! Calling all investors and landlords. Located in the city of Kissimmee, Florida. This Single-family home has 2-bedrooms, 1-full bathroom, bonus room, and 1-car garage. VAULTED CEILINGS and an OPEN FLOOR PLAN. Roof, AC and septic tank is less than 10 years old. This home has everything you are looking for and the outdoor space you need for all your toys! Oversized lot . 12 acres. NO homeowner association. You must view this one to appreciate all it has to offer. Fully stocked kitchen with tons of cabinet space, and all appliances included. SHOPPING, RESTAURANTS and POINCIANA SunRail Station are just MINUTES away. Downtown Kissimmee, Disney World, Lake Toho, Orlando International Airport are approximately 15-25 minutes away. UNIQUE OPPORTUNITY. Call today for an appointment

24. 2022-03-10
    price $129,900 793-char remark

    Show marketing remark (793 chars)

    CASH ONLY!! Calling all investors and landlords. Located in the city of Kissimmee, Florida. This Single-family home has 2-bedrooms, 1-full bathroom, bonus room, and 1-car garage. VAULTED CEILINGS and an OPEN FLOOR PLAN. Roof, AC and septic tank is less than 10 years old. This home has everything you are looking for and the outdoor space you need for all your toys! Oversized lot . 12 acres. NO homeowner association. You must view this one to appreciate all it has to offer. Fully stocked kitchen with tons of cabinet space, and all appliances included. SHOPPING, RESTAURANTS and POINCIANA SunRail Station are just MINUTES away. Downtown Kissimmee, Disney World, Lake Toho, Orlando International Airport are approximately 15-25 minutes away. UNIQUE OPPORTUNITY. Call today for an appointment

25. 2022-03-09
    status Active 793-char remark

    Show marketing remark (793 chars)

    CASH ONLY!! Calling all investors and landlords. Located in the city of Kissimmee, Florida. This Single-family home has 2-bedrooms, 1-full bathroom, bonus room, and 1-car garage. VAULTED CEILINGS and an OPEN FLOOR PLAN. Roof, AC and septic tank is less than 10 years old. This home has everything you are looking for and the outdoor space you need for all your toys! Oversized lot . 12 acres. NO homeowner association. You must view this one to appreciate all it has to offer. Fully stocked kitchen with tons of cabinet space, and all appliances included. SHOPPING, RESTAURANTS and POINCIANA SunRail Station are just MINUTES away. Downtown Kissimmee, Disney World, Lake Toho, Orlando International Airport are approximately 15-25 minutes away. UNIQUE OPPORTUNITY. Call today for an appointment

26. 2022-02-23
    status Pending 793-char remark

    Show marketing remark (793 chars)

    CASH ONLY!! Calling all investors and landlords. Located in the city of Kissimmee, Florida. This Single-family home has 2-bedrooms, 1-full bathroom, bonus room, and 1-car garage. VAULTED CEILINGS and an OPEN FLOOR PLAN. Roof, AC and septic tank is less than 10 years old. This home has everything you are looking for and the outdoor space you need for all your toys! Oversized lot . 12 acres. NO homeowner association. You must view this one to appreciate all it has to offer. Fully stocked kitchen with tons of cabinet space, and all appliances included. SHOPPING, RESTAURANTS and POINCIANA SunRail Station are just MINUTES away. Downtown Kissimmee, Disney World, Lake Toho, Orlando International Airport are approximately 15-25 minutes away. UNIQUE OPPORTUNITY. Call today for an appointment

27. 2022-02-12
    price $139,900 793-char remark

    Show marketing remark (793 chars)

    CASH ONLY!! Calling all investors and landlords. Located in the city of Kissimmee, Florida. This Single-family home has 2-bedrooms, 1-full bathroom, bonus room, and 1-car garage. VAULTED CEILINGS and an OPEN FLOOR PLAN. Roof, AC and septic tank is less than 10 years old. This home has everything you are looking for and the outdoor space you need for all your toys! Oversized lot . 12 acres. NO homeowner association. You must view this one to appreciate all it has to offer. Fully stocked kitchen with tons of cabinet space, and all appliances included. SHOPPING, RESTAURANTS and POINCIANA SunRail Station are just MINUTES away. Downtown Kissimmee, Disney World, Lake Toho, Orlando International Airport are approximately 15-25 minutes away. UNIQUE OPPORTUNITY. Call today for an appointment

28. 2022-02-10
    listed $142,900 Active 793-char remark

    Show marketing remark (793 chars)

    CASH ONLY!! Calling all investors and landlords. Located in the city of Kissimmee, Florida. This Single-family home has 2-bedrooms, 1-full bathroom, bonus room, and 1-car garage. VAULTED CEILINGS and an OPEN FLOOR PLAN. Roof, AC and septic tank is less than 10 years old. This home has everything you are looking for and the outdoor space you need for all your toys! Oversized lot . 12 acres. NO homeowner association. You must view this one to appreciate all it has to offer. Fully stocked kitchen with tons of cabinet space, and all appliances included. SHOPPING, RESTAURANTS and POINCIANA SunRail Station are just MINUTES away. Downtown Kissimmee, Disney World, Lake Toho, Orlando International Airport are approximately 15-25 minutes away. UNIQUE OPPORTUNITY. Call today for an appointment

29. 2000-03-30
    soldstatus $25,000
30. 1996-04-25
    soldstatus $36,600

ⓘ 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: $2,405 · $200/mo
• Projected year-2 tax: $2,405 · $200/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 3/10 Moderate
• 🌡 Heat 8/10 Severe 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 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,789
• − Mortgage interest: −$8,402
• − Property taxes: −$2,405
• − Insurance: −$750
• − Repairs & maintenance: −$2,223
• − Management: −$2,223
• − Depreciation: −$4,364
• Taxable income: $7,422
• Est. tax owed @ 24.0%: −$1,781
• After-tax cash flow: $7,578/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: Osceola
• NCES district ID: 1201470
• Math proficiency: 39% ▼ -9.00%
• Reading proficiency: 45% ▼ -4.00%
• Median HH income: $45,528
• Composite: 35.7/100
• National rank: #4865
• State rank: #60 of 73 in FL

Livability — Kissimmee

• Score: 77/100
• State rank: #181
• US rank: #2841

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Osceola County · 410,217 people
• City population: 196,187
• Metro: Orlando-Kissimmee-Sanford, FL
• Population (ZIP): 58,716
• Household income: $52,409
• Rent vs Own: 67.1% rent · 32.9% own
• Severe rent burden: 5248.0

Population outlook (Osceola County) Hauer SSP2

• Today (2025): 447,624 people
• By 2030: 511,823 · +14.3%
• By 2040: 642,986 · +43.6%
• By 2050: 774,552 · +73.0%
• By 2075: 1,078,144 · +140.9%
• By 2100: 1,269,660 · +183.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Hispanic (72%)
• Race & ethnicity: Hispanic / Latino 72% Two or more races 20% White 16% Black 6% Asian 3%
• Hispanic origin (detail): Mexican 3% Puerto Rican 26% Cuban 4% Dominican 6%
• Common ancestry: Estonian 1% Russian 1% Lithuanian 1%
• Foreign-born: 39% · Canada, Jamaica
• Languages at home: 27% English-only · Spanish 66% Other Indo-European 2% Arabic 2%

Political lean MEDSL · Osceola

• 2024 margin: Toss-up / Even · D 48.7% · R 50.2% · Other 1.1%
• 2008→2024 swing: -21.2pp toward R · 2008: 19.7pp · 2024: -1.4pp
• All cycles: 2024: R+1.4 2020: D+13.8 2016: D+25.0 2012: D+24.5 2008: D+19.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -115.96%
• Current HPI: 293.3914
• Rent YoY: ▼ -1.43%
• 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

+309.8% since first listed

16 events — show timeline

• 2026-05-07 Price Changed $150,000 Stellar MLS as Distributed by MLS Grid
• 2026-05-04 Price Changed $162,500 Stellar MLS as Distributed by MLS Grid
• 2026-04-14 Listed $167,000 Stellar MLS as Distributed by MLS Grid
• 2023-06-28 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2023-05-23 Price Changed $189,900 Stellar MLS as Distributed by MLS Grid
• 2023-04-29 Listed $199,900 Stellar MLS as Distributed by MLS Grid
• 2022-03-22 Sold (Public Records) $120,000 Public Records
• 2022-03-21 Sold (MLS) $120,000 Stellar MLS as Distributed by MLS Grid
• 2022-03-14 Pending — Stellar MLS as Distributed by MLS Grid
• 2022-03-10 Price Changed $129,900 Stellar MLS as Distributed by MLS Grid
• 2022-03-09 Relisted — Stellar MLS as Distributed by MLS Grid
• 2022-02-23 Pending — Stellar MLS as Distributed by MLS Grid
• 2022-02-12 Price Changed $139,900 Stellar MLS as Distributed by MLS Grid
• 2022-02-10 Listed $142,900 Stellar MLS as Distributed by MLS Grid
• 2000-03-30 Sold (Public Records) $25,000 Public Records
• 1996-04-25 Sold (Public Records) $36,600 Public Records

Property tax history

+7.8%/yr

Latest (2025): $2,405 · +6.1% YoY. Source: county tax records.