17321 Caudel Rd · Bithlo, FL 32833

$139,000

4 bd · 2.0 ba · 1,820 sqft · SingleFamily public records · 43 Days on market

Built 1983 0.59 ac lot ↓ 44% since listing

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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
• Schools +4.1/10.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

* * Investor Special * * This unique Orlando property features two homes situated on a spacious 0.59-acre lot , offering incredible potential for multi-generational living or rental income. The main residence is a well-maintained 3-bedroom, 2-bathroom ranch built in 2013, featuring a durable brick and frame exterior. While the property currently utilizes well and septic systems, city water hookups are readily available for a convenient future upgrade. Located in a high-demand area with a distress score of 79 , this listing represents a prime opportunity for investors or handy homeowners looking to build significant equity. With a competitive asking price and high value-target characteris

Key facts

• Additional dwelling
• 0.59 acre lot
• Built 1983

Tags

• ADDITIONAL DWELLING
• LOT SIZE OVER HALF AN ACRE

Property features AI

Finance

• Other: Property condition: Fixer; Lot about 0.59 acres (approximately 1/2 to less than 1 acre)
• HOA & community: No association

Exterior

• Utilities: Well water; Septic sewer; Other utilities
• Home design: Residential manufactured home (double wide); One story; South-facing entry
• Construction: Other construction materials; Other roof; Crawlspace foundation; Built as a double wide manufactured home
• Exterior features: Other exterior features; Asphalt road access

Interior

• Kitchen: Other appliances
• Bedrooms: 4 bedrooms
• Flooring: Tile flooring; Other flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Other heating; Other cooling
• Interior features: Other interior features
• Laundry & utility: Laundry: Other

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $139k.

Deal economics

• At list price, monthly cash flow is $1k ($13k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $139k).
• Recommended offer: $135k (3.0% below list) — sets the bar for market timing.
• Cap rate 15.9% vs local median 2.5% in Bithlo — 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 60/100 on livability (#808 in FL) — a middle-class / working-renter tenant base. Strengths: housing A+, crime A, employment A-; Watch: amenities F, commute F, health & safety F.
• 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: Columbia Elementary (math 62% / reading 67%, grade B, #525 of 2,144 statewide, top 26%, 509 students, 50% FRL); Corner Lake Middle (math 42% / reading 47%, grade D, #320 of 571 statewide, top 57%, 841 students, 54% FRL); East River High (math 27% / reading 47%, grade F, #340 of 667 statewide, top 52%, 2,050 students, 45% FRL).
• Market conditions: 194 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals leasing fast (median 13d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 8,053 units permitted in Orange County in 2024 (3,133 in 5+ unit buildings).
• This rent runs 32% of the median local income ($99k/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 $961 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $39k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 43 days — a 3% lower offer ($135k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $50k; list at $139k implies a 176% 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; moderate wildfire risk; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $134,830 (3.0% below list)

Questions for the listing agent

1. It's been on market 43 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. 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.
5. 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.
6. 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: 1.89% ✓
• Cap rate: 15.92%
• Cash-on-cash: 34.39%
• DSCR: 2.53
• GRM: 4.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 29.8%
• Equity multiple: 2.25×
• Total profit: $48,545
• Equity at exit: $20,725

10-year hold

• IRR: 37.1%
• Equity multiple: 4.44×
• Total profit: $133,895
• Equity at exit: $12,018

Cash invested: $38,920 (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 32833

• Home prices YoY: -12.9%
• Active inventory: 194
• Price-to-rent: 4.4×

Monthly cashflow live

• Estimated rent: $2,628 high
• Mortgage (P&I): −$729
• Tax est. 1.5%: −$174 /mo · $2,085/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$552
• Net cashflow: $1,115

Break-even live

Break-even rent $1,216

Max offer price $139,000

Occupancy floor 53%

Sensitivity live

Price	-10% $1,211	-5% $1,163	+0% $1,115	+5% $1,067	+10% $1,019
Rent	-10% $908	-5% $1,011	+0% $1,115	+5% $1,219	+10% $1,323
Rate	-1.0pp $1,185	-0.5pp $1,151	base $1,115	+0.5pp $1,079	+1.0pp $1,043

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: $34,750
• Closing costs: $4,170
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
16686 Corner Cove Way Orlando, FL	3.0	2.0	1632	$2,400	$1.47	6d	1	0.86mi
2230 Darlin Cir Orlando, FL	4.0	2.0	2031	$2,550	$1.26	25d	1	1.07mi
16918 Corner Hill Ct Orlando, FL	3.0	2.0	1617	$2,399	$1.48	12d	1	1.16mi
1845 Corner Meadow Cir Orlando, FL	4.0	2.0	1874	$2,245	$1.20	6d	1	1.16mi
2351 Holly Pine Cir Orlando, FL	4.0	2.0	1836	$2,500	$1.36	16d	1	1.27mi
18240 Lynbrook Rd Orlando, FL	3.0	2.0	1296	$1,800	$1.39	25d	1	1.39mi
2111 Corner Point Ct Orlando, FL	4.0	2.0	1878	$2,245	$1.20	6d	1	1.43mi

Listing history 19 events

1. 2026-06-21
   days on market $139,000 Active 43 DOM
2. 2026-06-18
   days on market $139,000 Active 40 DOM
3. 2026-06-17
   days on market $139,000 Active 39 DOM
4. 2026-06-16
   days on market $139,000 Active 38 DOM
5. 2026-06-15
   days on market $139,000 Active 37 DOM
6. 2026-06-13
   days on market $139,000 Active 35 DOM
7. 2026-06-13
   pricedays on market $139,000 Active 34 DOM
8. 2026-06-09
   days on market $165,000 Active 31 DOM
9. 2026-06-08
   days on market $165,000 Active 30 DOM
10. 2026-06-07
    days on market $165,000 Active 29 DOM
11. 2026-06-04
    days on market $165,000 Active 26 DOM
12. 2026-06-03
    days on market $165,000 Active 25 DOM
13. 2026-06-02
    days on market $165,000 Active 24 DOM
14. 2026-06-01
    days on market $165,000 Active 23 DOM
15. 2026-05-31
    days on market $165,000 Active 22 DOM
16. 2026-05-09
    listed $165,000 Active
17. 1992-04-01
    soldstatus $50,400
18. 1985-08-01
    soldstatus $8,000
19. 1983-06-01
    soldstatus $294,500

ⓘ 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 5/10 Major
• 🌡 Heat 9/10 Extreme 7 d/yr ≥107°F today · 22 d/yr by 30 yrs out
• 💨 Wind 10/10 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: $31,532
• − Mortgage interest: −$7,786
• − Property taxes: −$2,085
• − Insurance: −$695
• − Repairs & maintenance: −$2,523
• − Management: −$2,523
• − Depreciation: −$4,044
• Taxable income: $11,877
• Est. tax owed @ 24.0%: −$2,850
• After-tax cash flow: $10,532/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 — Bithlo

• Score: 60/100
• State rank: #808
• US rank: #19212

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bithlo, FL
• County: Orange County · 1,471,359 people
• Metro: Orlando-Kissimmee-Sanford, FL
• Population (ZIP): 11,389
• Household income: $98,733
• Rent vs Own: 19.3% rent · 80.7% own
• Severe rent burden: 206.0

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 0.65)
• Race & ethnicity: White 51% Hispanic / Latino 26% Black 11% Two or more races 10% Asian 6%
• Hispanic origin (detail): Mexican 2% Puerto Rican 16% Cuban 4%
• Common ancestry: Italian 2% Hispanic 2% Lithuanian 2%
• Foreign-born: 15% · Canada, Vietnam, Jamaica
• Languages at home: 75% English-only · Spanish 20% Vietnamese 2% Tagalog/Filipino 2%

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: ▼ -47.65%
• Current HPI: 321.412
• Rent YoY: —
• 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

-44.0% since first listed

4 events — show timeline

• 2026-05-09 Listed $165,000 Stellar MLS as Distributed by MLS Grid
• 1992-04-01 Sold (Public Records) $50,400 Public Records
• 1985-08-01 Sold (Public Records) $8,000 Public Records
• 1983-06-01 Sold (Public Records) $294,500 Public Records

Property tax history

+27.3%/yr

Latest (2025): $10,182 · +10.8% YoY. Source: county tax records.