3678 Coconut Palm Cir · Oviedo, FL 32765

$85,900

2 bd · 2.0 ba · 1,404 sqft · SingleFamily · 28 Days on market

Built 2016

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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 +5.1/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome Home to this beautifully maintained home located in the heart of Oviedo! This spacious residence features an OPEN FLOOR PLAN, HIGH CEILINGS, abundant natural light, and a large kitchen with plenty of cabinet and counter space perfect for entertaining or everyday living. Enjoy generously sized bedrooms, ample closet storage, and inviting indoor and outdoor living spaces designed for comfort and relaxation. Conveniently located near major shopping, restaurants, hospitals, parks, and top-rated schools with easy access to major roadways, this home offers the perfect combination of comfort and convenience. Whether you are looking for your next primary residence or simply a place to enjoy

Key facts

• Open floor plan
• Ample closet storage
• Large kitchen

Tags

• OPEN FLOOR PLAN
• HIGH CEILINGS
• LARGE KITCHEN
• AMPLE CLOSET STORAGE
• CONVENIENTLY LOCATED
• EASY ACCESS TO MAJOR ROADWAYS

Property features AI

Finance

• Other: Zoned residential
• Financial info: Land lease: $1,040
• HOA & community: Has HOA (Association: Susan Haupt); Senior community; Pets allowed

Exterior

• Parking: Has carport (1 space)
• Utilities: Private sewer; Water connected; Sewer connected; Electricity connected; Cable available
• Home design: Manufactured home (double wide); Single-story; Faces north; Entry level: One
• Construction: Metal siding; Shingle roof; Crawlspace foundation; Built as a manufactured home
• Exterior features: Outdoor lighting; Storage

Interior

• Kitchen: Dishwasher; Range; Range hood; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Linoleum
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Cathedral ceilings; Ceiling fans; Eat-in kitchen; High ceilings; Open floorplan; Window treatments
• Laundry & utility: Washer; Dryer; Laundry inside

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $86k.

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 ($2k rent vs $86k).
• Recommended offer: $85k (1.5% below list) — sets the bar for market timing.
• Cap rate 21.0% vs local median 3.0% in Oviedo — 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 80/100 on livability (#112 in FL, #1,732 nationally) — a professional / high-income tenant draw. Strengths: crime A+, employment A+, housing A+; Watch: amenities C-, cost of living D, commute F.
• Seminole (suburban): math 57% / reading 61% proficiency, ranked #13 of 73 in FL (top 18%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Carillon Elementary School (math 67% / reading 72%, grade A-, #364 of 2,144 statewide, top 19%, 985 students, 29% FRL); Hagerty High School (math 67% / reading 74%, grade B+, #55 of 667 statewide, top 8%, 2,495 students, 23% FRL).
• Market conditions: Rents flat; 446 active listings in the ZIP; 25 comparable units currently listed for rent nearby; rentals leasing fast (median 13d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 1,979 units permitted in Seminole County in 2024 (1,191 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $594 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Seminole County population projected at +24% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 0.2% rent growth), your $24k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 28 days — a 2% lower offer ($85k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• 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 $84,611 (1.5% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. Schools are A-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?
3. 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.
4. 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.
5. 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: 2.43% ✓
• Cap rate: 21.01%
• Cash-on-cash: 52.55%
• DSCR: 3.34
• GRM: 3.4

CMA / ARV

• ARV (on-the-fly): $332,748
• Comps found: 7

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3452 Kayla Cir	0.39mi	3/2.0 (+1)	1,372 (-2%)	15mo	$315,000	$230	61
3650 Palm Valley Dr	0.43mi	2/2.0	1,279 (-9%)	16mo	$9,750	$8	52
527 Stillwater Dr	0.69mi	3/2.0 (+1)	1,460 (+4%)	10mo	$455,000	$312	48
3501 Bermuda Cir	0.42mi	3/2.0 (+1)	1,272 (-9%)	18mo	$95,000	$75	44
652 Carrigan Ave	0.62mi	3/2.0 (+1)	1,608 (+14%)	1mo	$459,900	$286	41
761 Lagoon Dr	0.75mi	3/2.0 (+1)	1,482 (+6%)	18mo	$419,900	$283	36
3872 Becontree Pl	0.65mi	3/2.0 (+1)	1,603 (+14%)	21mo	$380,000	$237	24

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 · 0.18% rent growth · sell at horizon

5-year hold

• IRR: 47.3%
• Equity multiple: 2.97×
• Total profit: $47,437
• Equity at exit: $12,808

10-year hold

• IRR: 51.8%
• Equity multiple: 5.39×
• Total profit: $105,498
• Equity at exit: $7,427

Cash invested: $24,052 (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 32765

• Home prices YoY: -19.6%
• Rents YoY: 0.2%
• Active inventory: 446
• Price-to-rent: 3.4×

Monthly cashflow live

• Estimated rent: $2,085 high
• Mortgage (P&I): −$450
• Tax est. 1.5%: −$107 /mo · $1,288/yr
• Insurance: −$36
• HOA: −$0
• Vacancy / Maint / Mgmt: −$438
• Net cashflow: $1,053

Break-even live

Break-even rent $751

Max offer price $85,900

Occupancy floor 44%

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: $21,475
• Closing costs: $2,577
• Reserves months: —
• Total cash needed: —

Rent comps 25 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3404 Kayla Cir Oviedo, FL	3.0	2.0	1806	$2,495	$1.38	16d	1	0.52mi
3420 Harrow Ln Oviedo, FL	2.0	2.5	1136	$1,995	$1.76	23d	1	0.62mi
3431 Harrow Ln Oviedo, FL	3.0	2.0	1136	$2,145	$1.89	23d	1	0.65mi
505 Walnut Grove Pl Oviedo, FL	3.0	2.0	1360	$2,150	$1.58	23d	1	0.77mi
3755 Collingwood Ln Oviedo, FL	3.0	2.5	1828	$2,200	$1.20	5d	1	0.88mi
1029 Beckstrom Dr Oviedo, FL	3.0	2.0	1446	$2,465	$1.70	3d	1	0.96mi
3812 Silverbell Loop Oviedo, FL	3.0	2.5	1480	$2,450	$1.66	5d	1	0.96mi
4647 Lacebark Trl Oviedo, FL	3.0	2.5	1480	$950	$0.64	23d	1	1.03mi
4338 Aristocrat Pt Oviedo, FL	3.0	2.5	1480	$2,200	$1.49	5d	1	1.06mi
3426 Caruso Pl Oviedo, FL	3.0	3.5	1480	$2,200	$1.49	23d	1	1.06mi
116 Reserve Cir #204 Oviedo, FL	2.0	2.0	975	$1,000	$1.03	23d	1	1.07mi
2980 Grandeville Cir Oviedo, FL	1.0–3.0	1.0–2.0	1365	$2,042	$1.50	2d	31	1.09mi
2590 Greenhill Way Oviedo, FL	1.0–2.0	1.0–2.0	1062	$2,020	$1.90	1d	18	1.14mi
144 Reserve Cir #100 Oviedo, FL	2.0	2.0	1098	$1,599	$1.46	14d	1	1.17mi
141 Reserve Cir #213 Oviedo, FL	2.0	2.0	985	$1,700	$1.73	10d	1	1.19mi
141 Reserve Cir #213 Oviedo, FL	2.0	2.0	985	$1,700	$1.73	5d	1	1.19mi
209 Reserve Cir Unit 101 Oviedo, FL	2.0	2.0	975	$2,000	$2.05	23d	1	1.19mi
2352 Sunny View Dr Oviedo, FL	2.0	1.0	1184	$2,000	$1.69	3d	1	1.21mi
2352 Sunny View Dr Oviedo, FL	2.0	1.0	1184	$1,950	$1.65	3d	1	1.21mi
149 Reserve Cir #201 Oviedo, FL	2.0	2.0	985	$1,499	$1.52	10d	1	1.21mi
1007 Cutoff Branch Ct Oviedo, FL	3.0	2.0	1247	$2,340	$1.88	12d	1	1.33mi
1007 Cutoff Branch Ct Oviedo, FL	3.0	2.0	1247	$2,340	$1.88	14d	1	1.33mi
1046 Whittier Cir Oviedo, FL	3.0	2.5	1428	$2,480	$1.74	23d	1	1.37mi
3548 Stonefield Dr Orlando, FL	3.0	2.0	1264	$2,150	$1.70	3d	1	1.49mi
3548 Stonefield Dr Orlando, FL	3.0	2.0	1264	$2,150	$1.70	23d	1	1.49mi

Listing history 16 events

1. 2026-06-18
   days on market $85,900 Active 28 DOM
2. 2026-06-17
   price $85,900 Active 27 DOM
3. 2026-06-17
   days on market $89,900 Active 27 DOM
4. 2026-06-16
   days on market $89,900 Active 26 DOM
5. 2026-06-15
   days on market $89,900 Active 25 DOM
6. 2026-06-13
   days on market $89,900 Active 23 DOM
7. 2026-06-10
   price $89,900 Active 19 DOM
8. 2026-06-09
   days on market $95,000 Active 19 DOM
9. 2026-06-08
   days on market $95,000 Active 18 DOM
10. 2026-06-07
    pricedays on market $95,000 Active 17 DOM
11. 2026-06-04
    days on market $99,000 Active 14 DOM
12. 2026-06-03
    days on market $99,000 Active 13 DOM
13. 2026-06-02
    days on market $99,000 Active 12 DOM
14. 2026-06-01
    days on market $99,000 Active 11 DOM
15. 2026-05-31
    days on market $99,000 Active 10 DOM
16. 2026-05-22
    listed $99,000 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 4/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥108°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 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,015
• − Mortgage interest: −$4,812
• − Property taxes: −$1,288
• − Insurance: −$430
• − Repairs & maintenance: −$2,001
• − Management: −$2,001
• − Depreciation: −$2,499
• Taxable income: $11,984
• Est. tax owed @ 24.0%: −$2,876
• After-tax cash flow: $9,762/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: Seminole
• NCES district ID: 1201710
• Math proficiency: 57% ▼ -7.00%
• Reading proficiency: 61% ▼ -1.00%
• Median HH income: $58,478
• Composite: 51.05/100
• National rank: #1769
• State rank: #13 of 73 in FL

Livability — Oviedo

• Score: 80/100
• State rank: #112
• US rank: #1732

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Seminole County · 436,154 people
• City population: 80,698
• Metro: Orlando-Kissimmee-Sanford, FL
• Population (ZIP): 64,477
• Household income: $102,167
• Rent vs Own: 28.9% rent · 71.1% own
• Severe rent burden: 2059.0

Population outlook (Seminole County) Hauer SSP2

• Today (2025): 515,494 people
• By 2030: 545,713 · +5.9%
• By 2040: 598,068 · +16.0%
• By 2050: 640,663 · +24.3%
• By 2075: 724,461 · +40.5%
• By 2100: 755,530 · +46.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: White 58% Hispanic / Latino 23% Two or more races 15% Black 8% Asian 6%
• Hispanic origin (detail): Mexican 3% Puerto Rican 9% Cuban 3% Dominican 1%
• Common ancestry: Romanian 3% Lithuanian 3% Italian 2%
• Foreign-born: 14% · Canada, China, Jamaica
• Languages at home: 76% English-only · Spanish 16% Other Indo-European 2% Chinese 2%

Political lean MEDSL · Seminole

• 2024 margin: Toss-up / Even · D 47.6% · R 51.1% · Other 1.3%
• 2008→2024 swing: -0.8pp no change · 2008: -2.8pp · 2024: -3.5pp
• All cycles: 2024: R+3.5 2020: D+2.8 2016: R+1.6 2012: R+6.5 2008: R+2.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -76.94%
• Current HPI: 315.5484
• Rent YoY: ▲ 0.18%
• 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

1 event — show timeline

• 2026-05-22 Listed $99,000 Stellar MLS as Distributed by MLS Grid