600 Madison Ave · Orlando, FL 32805

$5,000

4 bd · 2.0 ba · 2,142 sqft · SingleFamily public records · 7 Days on market

Built 1953 0.31 ac lot

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Why this score? — see what drove the F 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).

• ARV discount +7.5/15.0
• Livability +4.3/5.0
• Schools +4.1/10.0
• Rent growth +2.9/5.0
• Cash flow +2.8/30.0
• Condition / age +2.5/5.0
• 1% rule +0.0/10.0
• DSCR +0.0/10.0
• Appreciation +0.0/10.0

Listing remarks

Foreclosure Auction Ends June 16, 2026 at 11:00 AM EST. Explore this charming 4-bedroom, 2-bath residence set in a peaceful and well-located Orlando community. The list price is the opening bid for the online auction. Sold As-is. Explore more details and submit your bid through Federa Home App.

Key facts

• 0.31 acre lot
• 2 parking spots
• Built 1953

Property features AI

Finance

• Other: Residential property

Exterior

• Parking: Carport (2 spaces)
• Utilities: Water: Other; Sewer: Other
• Home design: Single family residence; One level
• Construction: Construction materials: See remarks; Other roof
• Exterior features: Front porch; Road surface: Other; Zoned R-1AA/T

Interior

• Bedrooms: Total of 1 room (room count listed as 1)
• Flooring: Other flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: No heating; No cooling
• Interior features: Other flooring

🔨 Auction listing. The $5,000 list price is a nominal opening bid, not a real ask — every metric below is computed on the estimated value $730,422 (ARV from comps), not the list price.

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $5k.

Deal economics

• At list price, monthly cash flow is $-2k ($-29k/yr) — negative.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $5k).
• Cap rate 2.3% vs local median 3.0% in Orlando — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

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.
• Market conditions: Rents rising (+1.4%/yr); 140 active listings in the ZIP; 16 comparable units currently listed for rent nearby; rentals at typical pace (median 18d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 8,053 units permitted in Orange County in 2024 (3,133 in 5+ unit buildings).
• At $3,294/mo this rent would consume 98% of the median local household income ($41k/yr) (locally 1597% 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 $5k of loan paydown is wiped out by about $22k 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

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: property tax is 219.1% of price; built in 1953 — expect roof / HVAC / electrical / plumbing capex.
• 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 $5,000

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1953 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. 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.
8. 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.
9. 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: 0.45% ✗
• Cap rate: 2.28%
• Cash-on-cash: -14.35%
• DSCR: 0.36
• GRM: 18.5

CMA / ARV

• ARV (on-the-fly): $730,422
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1420 Rock Lake Dr	0.11mi	3/2.0 (-1)	2,064 (-4%)	11mo	$425,000	$206	74
747 Clifford Dr	0.35mi	4/3.0	2,200 (+3%)	11mo	$750,000	$341	66
833 Ellwood Ave	0.52mi	3/2.5 (-1)	1,826 (-15%)	16mo	$749,900	$411	31
816 Putnam Ave	0.71mi	4/3.0	2,378 (+11%)	19mo	$710,000	$299	28
2116 Alameda St	0.66mi	3/2.0 (-1)	1,835 (-14%)	16mo	$700,000	$381	27

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 · 1.42% rent growth · sell at horizon

5-year hold

• IRR: -45.2%
• Equity multiple: -0.37×
• Total profit: $-279,223
• Equity at exit: $108,908

10-year hold

• IRR: -93.3%
• Equity multiple: -1.27×
• Total profit: $-463,998
• Equity at exit: $63,154

Cash invested: $204,518 (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 32805

• Home prices YoY: -7.6%
• Rents YoY: 1.4%
• Active inventory: 140
• Price-to-rent: 0.1×

Monthly cashflow live

• Estimated rent: $3,294 high
• Mortgage (P&I): −$3,830
• Tax est. 1.5%: −$913 /mo · $10,956/yr
• Insurance: −$304
• HOA: −$0
• Vacancy / Maint / Mgmt: −$692
• Net cashflow: $-2,446

Break-even live

Break-even rent $6,390

Max offer price $376,549

Occupancy floor —

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: $182,606
• Closing costs: $21,913
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
722 Ellwood Ave Orlando, FL	5.0	3.0	2375	$4,350	$1.83	14d	1	0.36mi
816 Putnam Ave Orlando, FL	3.0	2.0	1678	$2,750	$1.64	23d	1	0.72mi
732 Edgewater Dr Orlando, FL	4.0	2.5	2112	$3,740	$1.77	23d	1	0.77mi
505 Chatham Ave Orlando, FL	3.0	1.0–2.0	1022	$3,144	$3.08	3d	27	0.88mi
1028 Yates St Orlando, FL	3.0	2.0	1808	$900	$0.50	14d	1	1.10mi
2314 W South St Orlando, FL	3.0	2.0	1440	$2,000	$1.39	14d	1	1.13mi
416 Sun Ct Orlando, FL	5.0	2.0	3000	$2,000	$0.67	23d	1	1.23mi
97 N Goldwyn Ave Orlando, FL	3.0	2.0	1531	$2,400	$1.57	23d	1	1.24mi
732 S Lee Ave Orlando, FL	3.0	2.5	1914	$2,295	$1.20	17d	1	1.31mi
2236 Brix St Orlando, FL	3.0	3.5	2059	$3,500	$1.70	10d	1	1.35mi
612 Stetson St Orlando, FL	3.0	1.0	1400	$2,599	$1.86	23d	1	1.42mi
335 N Magnolia Ave Orlando, FL	3.0	1.0–3.0	1041	$2,640	$2.54	1d	35	1.42mi
2332 Brix St Orlando, FL	4.0	3.5	2059	$3,500	$1.70	17d	1	1.45mi
2419 Orange Center Blvd Orlando, FL	3.0	2.0	1526	$2,600	$1.70	23d	1	1.46mi
151 E Robinson St Orlando, FL	4.0	1.0–3.5	1815	$10,000	$5.51	14d	2	1.48mi
111 E Washington St Orlando, FL	3.0	3.5	2895	$9,000	$3.11	23d	1	1.48mi

Listing history 6 events

1. 2026-06-16
   days on market $5,000 Active 7 DOM
2. 2026-06-15
   days on market $5,000 Active 6 DOM
3. 2026-06-13
   days on market $5,000 Active 4 DOM
4. 2026-06-13
   days on market $5,000 Active 3 DOM
5. 2026-06-10
   remarks 295-char remark
6. 2026-06-10
   listed $5,000 Active 1 DOM

ⓘ 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 1/10 Low
• 🌡 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 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $39,528
• − Mortgage interest: −$40,915
• − Property taxes: −$10,956
• − Insurance: −$3,652
• − Repairs & maintenance: −$3,162
• − Management: −$3,162
• − Depreciation: −$21,249
• Taxable loss: −$43,569
• Est. tax savings @ 24.0%: +$10,456
• After-tax cash flow: $-18,890/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): 19,294
• Household income: $40,515
• Rent vs Own: 56.8% rent · 43.2% own
• Severe rent burden: 1597.0

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: Predominantly Black (70%)
• Race & ethnicity: Black 70% Hispanic / Latino 15% White 13% Two or more races 8%
• Hispanic origin (detail): Mexican 3% Puerto Rican 4% Cuban 1% Dominican 3%
• Common ancestry: Hispanic 9% Russian 1%
• Foreign-born: 16% · Canada, Jamaica
• Languages at home: 80% English-only · Spanish 11% French/Haitian/Cajun 8%

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: ▼ -35.19%
• Current HPI: 429.3242
• Rent YoY: ▲ 1.42%
• 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

-86.1% since first listed

3 events — show timeline

• 2026-06-09 Listed $5,000 HAOR as distributed by MLS GRID
• 1978-06-01 Sold (Public Records) $34,500 Public Records
• 1973-06-01 Sold (Public Records) $36,000 Public Records

Property tax history

+16.6%/yr

Latest (2025): $5,642 · +4.2% YoY. Source: county tax records.