2390 Northland Rd · Mount Dora, FL 32757

$199,900

3 bd · 2.0 ba · 1,664 sqft · SingleFamily public records · 2 Days on market

Built 1969 0.33 ac lot Est $334k · 40% under

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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 +29.9/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +7.6/10.0
• Schools +4.2/10.0
• Livability +3.8/5.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Bring your vision to this promising fixer-upper. Located on large fenced corner lot close to historic downtown Mount Dora. Excellent opportunity for investors or buyers looking to renovate and add value. No HOA restrictions. Cash buyers only.

Key facts

• No hoa restrictions
• Fenced corner lot
• 0.33 acre lot

Tags

• FENCED CORNER LOT
• HISTORIC DOWNTOWN MOUNT DORA
• NO HOA RESTRICTIONS

Property features AI

Finance

• Other: Zoned R-1; Property ID available; One septic system; Total acreage about 1/4 to less than 1/2 acre
• Financial info: No lease restrictions; Tax information available (not included per instructions)
• HOA & community: No HOA association listed; Pets allowed

Exterior

• Parking: Carport (1 space)
• Utilities: Septic tank; No water source listed; Electricity connected; Natural gas connected; Broadband/high-speed internet available
• Home design: Single family residence; 1 story; Faces north; Fixer condition; Homestead exempt
• Construction: Block construction; Shingle roof; Slab foundation; Built area approximately 2,061 total; living area from public records 1,664
• Exterior features: Deck; Awnings; Sliding doors; Shed(s); Chain link and wood fencing; Corner lot; Unincorporated location; Mature landscaping with oak trees; Asphalt road frontage; Lot dimensions approximately 105 x 135

Interior

• Kitchen: Dishwasher; Range; Microwave
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Ceramic tile; Laminate
• Bathrooms: 3 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Thermostat; 10 total rooms
• Laundry & utility: Laundry room; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $741 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $200k).
• Cap rate 10.7% vs local median 3.3% in Mount Dora — 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 75/100 on livability (#244 in FL, #3,860 nationally) — a middle-class / working-renter tenant base. Strengths: health & safety A+, crime A, housing A-; Watch: employment D+, amenities F, commute F.
• Lake (suburban): math 49% / reading 50% proficiency, ranked #37 of 73 in FL (top 51%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents flat; 639 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals at typical pace (median 18d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 4,799 units permitted in Lake County in 2024 (814 in 5+ unit buildings).
• This rent runs 39% of the median local income ($77k/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 $6k of value loss. Plan a longer hold.
• Lake County population projected at +37% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 0.6% rent growth), your $56k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $120k; list at $200k implies a 67% 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→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $199,900

Questions for the listing agent

1. Built in 1969 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.26% ✓
• Cap rate: 10.74%
• Cash-on-cash: 15.89%
• DSCR: 1.71
• GRM: 6.6

CMA / ARV

• ARV (on-the-fly): $334,464
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2390 Northland Rd	0.00mi	3/3.0	1,664 (0%)	0mo	$200,000	$120	96
2440 Eastland Rd	0.07mi	2/2.0 (-1)	1,519 (-9%)	18mo	$265,000	$174	62
2626 Mcdonald Ter	0.62mi	3/2.5	1,620 (-3%)	4mo	$325,000	$201	61
1762 Hamlin Ct	0.68mi	3/2.0	1,587 (-5%)	2mo	$425,000	$268	59
1720 North Ct	0.70mi	3/2.0	1,670 (+0%)	14mo	$280,000	$168	55
3001 N Lakeview Ct	0.69mi	3/2.0	1,560 (-6%)	24mo	$315,000	$202	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 · 0.55% rent growth · sell at horizon

5-year hold

• IRR: 4.1%
• Equity multiple: 1.16×
• Total profit: $8,688
• Equity at exit: $29,806

10-year hold

• IRR: 11.3%
• Equity multiple: 1.79×
• Total profit: $44,419
• 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 32757

• Home prices YoY: -34.5%
• Rents YoY: 0.6%
• Active inventory: 639
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $2,529 high
• Mortgage (P&I): −$1,048
• Tax from tax record: −$125 /mo · $1,498/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$531
• Net cashflow: $741

Break-even live

Break-even rent $1,590

Max offer price $199,900

Occupancy floor 66%

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 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2390 Sheridan Rd Mount Dora, FL	2.0	2.0	1200	$3,500	$2.92	18d	1	0.36mi
1370 Greenway Dr Mt Dora, FL	2.0	1.0	1100	$2,500	$2.27	18d	1	0.37mi
3550 Lake Center Dr Mount Dora, FL	1.0–3.0	1.0–2.0	1026	$1,899	$1.85	3d	26	0.68mi
1090 Emerald Dr Mount Dora, FL	3.0	2.0	1320	$1,625	$1.23	22d	1	0.80mi
4255 Wee St Unit 4255 Mt Dora, FL	3.0	1.0	1828	$1,800	$0.98	15d	1	1.13mi
2486 W Moonlight Ln Eustis, FL	3.0	2.0	1651	$1,250	$0.76	4d	1	1.43mi

Listing history 7 events

1. 2026-05-17
   status Pending
2. 2026-05-15
   listed $199,900 Active
3. 2004-10-06
   soldstatus $120,000
4. 2003-03-19
   soldstatus $115,900
5. 2000-11-15
   soldstatus $91,500
6. 1999-07-01
   soldstatus $88,500
7. 1997-10-08
   soldstatus $75,000

ⓘ 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: $1,498 · $125/mo
• Projected year-2 tax: $1,659 · $138/mo
• Expected delta: +$161/yr (+$13/mo · 10.8%)

ⓘ 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 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 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $30,343
• − Mortgage interest: −$11,198
• − Property taxes: −$1,498
• − Insurance: −$1,000
• − Repairs & maintenance: −$2,427
• − Management: −$2,427
• − Depreciation: −$5,815
• Taxable income: $5,978
• Est. tax owed @ 24.0%: −$1,435
• After-tax cash flow: $7,459/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: Lake
• NCES district ID: 1201050
• Math proficiency: 49% ▼ -7.00%
• Reading proficiency: 50% ▼ -4.00%
• Median HH income: $46,632
• Composite: 42.05/100
• National rank: #3327
• State rank: #37 of 73 in FL

Livability — Mount Dora

• Score: 75/100
• State rank: #244
• US rank: #3860

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Lake County · 364,602 people
• City population: 34,121
• Metro: Orlando-Kissimmee-Sanford, FL
• Population (ZIP): 34,121
• Household income: $77,216
• Rent vs Own: 26.5% rent · 73.5% own
• Severe rent burden: 998.0

Population outlook (Lake County) Hauer SSP2

• Today (2025): 386,640 people
• By 2030: 417,107 · +7.9%
• By 2040: 476,676 · +23.3%
• By 2050: 531,296 · +37.4%
• By 2075: 648,303 · +67.7%
• By 2100: 698,530 · +80.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (64%)
• Race & ethnicity: White 64% Hispanic / Latino 20% Black 12% Two or more races 11% Pacific Islander 1% Native American 1%
• Hispanic origin (detail): Mexican 5% Puerto Rican 7% Dominican 1%
• Common ancestry: Romanian 3% Slovak 3% Lithuanian 2%
• Foreign-born: 10% · Canada, Jamaica
• Languages at home: 83% English-only · Spanish 14% Other Indo-European 1%

Political lean MEDSL · Lake

• 2024 margin: Strong R (+24.7) · D 37.3% · R 62.0%
• 2008→2024 swing: -11.2pp toward R · 2008: -13.5pp · 2024: -24.7pp
• All cycles: 2024: R+24.7 2020: R+20.0 2016: R+23.1 2012: R+17.1 2008: R+13.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -154.69%
• Current HPI: 293.4759
• Rent YoY: ▲ 0.55%
• 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

+166.5% since first listed

7 events — show timeline

• 2026-05-17 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-05-15 Listed $199,900 Stellar MLS as Distributed by MLS Grid
• 2004-10-06 Sold (Public Records) $120,000 Public Records
• 2003-03-19 Sold (Public Records) $115,900 Public Records
• 2000-11-15 Sold (Public Records) $91,500 Public Records
• 1999-07-01 Sold (Public Records) $88,500 Public Records
• 1997-10-08 Sold (Public Records) $75,000 Public Records

Property tax history

+8.3%/yr

Latest (2025): $1,498 · +3.3% YoY. Source: county tax records.