4122 White Pine Ave Unit 1-3 · Orlando, FL 32811

$155,000

2 bd · 2.0 ba · 909 sqft · Condo public records · 44 Days on market

Built 1979 $399/mo HOA · 23% of rent

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Why this score? — see what drove the D- 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 +9.8/30.0
• ARV discount +7.5/15.0
• 1% rule +6.3/10.0
• Livability +4.3/5.0
• Schools +4.1/10.0
• DSCR +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Fantastic 2/2 condo located close to all major attractions. Universal Studios within walking distance. Metrowest shops close by. Recently repainted, recarpeted and new cabinets in kitchen. Currently tenanted at $750.00 per month through September 2013. Resort style amenties onsite. Great rental property or 1st home.

Key facts

• Easy access to i-4
• $399 HOA
• Garage

Tags

• EASY ACCESS TO I-4
• EASY ACCESS TO HIGHWAY 408
• MINUTES FROM UNIVERSAL STUDIOS
• MINUTES FROM SEA WORLD
• MINUTES FROM DISNEY WORLD
• MINUTES TO SHOPPING AREA

Property features AI

Finance

• Other: Unfurnished; Living area approximately 909 sq ft
• Financial info: Total monthly fees $399; total annual fees $4,788; Lease restrictions apply
• HOA & community: Monthly HOA $399 (includes structure and grounds maintenance, pool); Association approval required; Community clubhouse, pool, racquetball, sidewalks, tennis courts; Pets allowed

Exterior

• Parking: Attached garage with garage door opener (1 car)
• Utilities: Public water; Public sewer; Sewer connected
• Home design: Residential condominium (attached); Two stories; Faces west; Unit on 2nd floor
• Construction: Cedar construction; Shingle roof
• Exterior features: Side porch; Sidewalk; Tennis court(s); Asphalt road frontage

Interior

• Kitchen: Dishwasher; Range; Range hood; Refrigerator; Electric water heater
• Bedrooms: 2 bedrooms
• Flooring: Ceramic tile; Slab foundation
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; Thermostat; Walk-in closet(s); Blinds
• Laundry & utility: Washer and dryer inside

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $155k.

Deal economics

• At list price, monthly cash flow is $-99 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $138k (11.3% below list).
• Meets the 1% rule at list price ($2k rent vs $155k).
• Recommended offer: $138k (11.3% below list) — sets the bar for cash-flow.
• Cap rate 5.5% vs local median 3.0% in Orlando — 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 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 flat; 238 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); 8,053 units permitted in Orange County in 2024 (3,133 in 5+ unit buildings).
• This rent runs 39% of the median local income ($54k/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 $5k 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

• It's been on market 44 days — a 3% lower offer ($150k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 15y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $55k; list at $155k implies a 182% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 23% of rent.

Recommended offer $137,544 (11.3% below list)

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. It's been on market 44 days. Have you received any prior offers? Is the seller open to a 11% concession, seller financing, or rate buy-down credit?
3. Built in 1979 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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?
9. 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.
10. 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.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.13% ✓
• Cap rate: 5.53%
• Cash-on-cash: -2.73%
• DSCR: 0.88
• GRM: 7.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.15% rent growth · sell at horizon

5-year hold

• IRR: -25.3%
• Equity multiple: 0.17×
• Total profit: $-36,025
• Equity at exit: $23,111

10-year hold

• IRR: -42.1%
• Equity multiple: -0.32×
• Total profit: $-57,310
• Equity at exit: $13,402

Cash invested: $43,400 (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 32811

• Home prices YoY: -33.8%
• Rents YoY: 0.1%
• Active inventory: 238
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $1,756 high
• Mortgage (P&I): −$813
• Tax from tax record: −$210 /mo · $2,518/yr
• Insurance: −$65
• HOA: −$399
• Vacancy / Maint / Mgmt: −$369
• Net cashflow: $-99

Break-even live

Break-even rent $1,881

Max offer price $137,544

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: $38,750
• Closing costs: $4,650
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4323 Pinebark Ave Unit 77-1 Orlando, FL	2.0	2.0	963	$1,450	$1.51	18d	1	0.12mi
4401 S Kirkman Rd Orlando, FL	1.0–3.0	1.0–2.0	950	$1,774	$1.87	4d	9	0.13mi
5606 Blue Shadows Ct #10 Orlando, FL	2.0	2.0	963	$1,900	$1.97	24d	1	0.18mi
5628 Blue Shadows Ct Unit 2 Orlando, FL	2.0	2.0	1000	$1,550	$1.55	24d	1	0.20mi
4448 Pinebark Ave Unit 56/1 Orlando, FL	2.0	2.0	965	$1,890	$1.96	24d	1	0.20mi
4448 Pinebark Ave Orlando, FL	2.0	2.0	965	$1,890	$1.96	16d	1	0.23mi
4312 S Kirkman Rd Orlando, FL	2.0	2.0	1000	$3,000	$3.00	11d	1	0.25mi
4368 S Kirkman Rd Orlando, FL	1.0	1.0	730	$2,700	$3.70	24d	1	0.26mi
4368 S Kirkman Rd Orlando, FL	1.0–2.0	1.0–2.0	863	$2,700	$3.13	14d	2	0.26mi
4320 S Kirkman Rd #1508 Orlando, FL	2.0	2.0	1042	$1,600	$1.54	22d	1	0.26mi
4356 Middlebrook Rd Unit 3 Orlando, FL	1.0	1.5	994	$1,395	$1.40	2d	1	0.28mi
4354 Middlebrook Rd #4354 Orlando, FL	1.0	1.5	848	$1,449	$1.71	8d	1	0.28mi
4324 S Kirkman Rd Orlando, FL	1.0	1.0	730	$2,700	$3.70	24d	1	0.28mi
4352 S Kirkman Rd Orlando, FL	1.0–2.0	1.0–2.0	964	$3,000	$3.11	3d	2	0.29mi
4332 S Kirkman Rd #1003 Orlando, FL	1.0	1.0	729	$1,350	$1.85	4d	1	0.33mi
4356 S Kirkman Rd Orlando, FL	2.0	2.0	996	$2,300	$2.31	24d	2	0.35mi
4454 Middlebrook Rd #4454 Orlando, FL	1.0	1.5	848	$1,380	$1.63	24d	1	0.35mi
3301 S Kirkman Rd Orlando, FL	1.0–4.0	1.0–2.0	1288	$1,773	$1.38	2d	21	0.38mi
3349 S Kirkman Rd Orlando, FL	1.0	1.0	890	$1,350	$1.52	24d	1	0.39mi
4601 S Kirkman Rd Orlando, FL	1.0	1.0	550	$1,124	$2.04	3d	3	0.42mi
5501 Conroy Rd Orlando, FL	2.0	1.5	930	$1,439	$1.55	2d	3	0.44mi
4618 Middlebrook Rd Orlando, FL	2.0	1.0–2.0	710	$1,999	$2.82	2d	28	0.47mi
6025 Oakshadow St Orlando, FL	1.0–3.0	1.0–2.0	949	$1,788	$1.88	2d	64	0.55mi
5303 Indian Creek Dr Orlando, FL	2.0	2.0	1123	$1,500	$1.34	3d	1	0.64mi
4849 Cypress Woods Dr #1102 Orlando, FL	2.0	2.0	1107	$1,925	$1.74	24d	1	0.65mi
6100 Stevenson Dr Orlando, FL	2.0–3.0	2.0	1128	$1,495	$1.33	24d	3	0.67mi
6100 Stevenson Dr Orlando, FL	2.0–3.0	2.0	1128	$1,600	$1.42	19d	2	0.67mi
4000 Middlebrook Rd Orlando, FL	1.0–3.0	1.0–2.0	979	$1,824	$1.86	8d	27	0.67mi
5554 Metrowest Blvd Unit 4-211 Orlando, FL	2.0	2.0	1073	$1,800	$1.68	24d	1	0.68mi
5548 Metrowest Blvd Orlando, FL	2.0	1.0	1093	$1,470	$1.34	4d	1	0.71mi
5548 Metrowest Blvd Orlando, FL	2.0	1.0	1093	$1,460	$1.34	2d	2	0.71mi
4860 Cypress Woods Dr Orlando, FL	1.0–2.0	1.0–2.0	786	$1,849	$2.35	3d	18	0.72mi
5542 Metrowest Blvd Orlando, FL	2.0	2.0	1116	$1,720	$1.54	2d	2	0.72mi
6214 Stevenson Dr Orlando, FL	2.0–3.0	2.0	1128	$1,800	$1.60	4d	2	0.72mi
5572 Metrowest Blvd #311 Orlando, FL	2.0	2.0	1073	$2,000	$1.86	24d	1	0.74mi
5112 Conroy Rd #315 Orlando, FL	1.0	1.0	711	$1,250	$1.76	12d	1	0.75mi
5112 Conroy Rd Unit 311 Orlando, FL	2.0	2.0	988	$1,600	$1.62	24d	1	0.76mi
3224 Dante Dr #207 Orlando, FL	2.0	2.0	1050	$1,700	$1.62	24d	1	0.76mi
5578 Metrowest Blvd Orlando, FL	1.0	1.0	774	$1,272	$1.64	24d	2	0.79mi
5578 Metrowest Blvd Orlando, FL	1.0–3.0	1.0–2.0	1101	$1,575	$1.43	4d	2	0.79mi

HOA detail condo

• Monthly dues: $399 · $4,788/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 28 events

1. 2026-06-18
   days on market $155,000 Active 44 DOM
2. 2026-06-17
   days on market $155,000 Active 43 DOM
3. 2026-06-16
   days on market $155,000 Active 42 DOM
4. 2026-06-15
   days on market $155,000 Active 41 DOM
5. 2026-06-13
   days on market $155,000 Active 39 DOM
6. 2026-06-13
   days on market $155,000 Active 38 DOM
7. 2026-06-09
   days on market $155,000 Active 35 DOM
8. 2026-06-08
   days on market $155,000 Active 34 DOM
9. 2026-06-07
   days on market $155,000 Active 33 DOM
10. 2026-06-04
    days on market $155,000 Active 30 DOM
11. 2026-06-03
    days on market $155,000 Active 29 DOM
12. 2026-06-02
    days on market $155,000 Active 28 DOM
13. 2026-06-01
    days on market $155,000 Active 27 DOM
14. 2026-05-31
    days on market $155,000 Active 26 DOM
15. 2026-05-06
    historical $1,400
16. 2026-05-05
    listed $155,000 Active
17. 2026-04-07
    price $1,400
18. 2026-03-04
    listed $1,500
19. 2025-05-14
    historical $1,450
20. 2025-05-02
    listed $1,450
21. 2013-04-30
    soldstatus $55,000
22. 2013-04-15
    soldstatus $55,000 318-char remark

    Show marketing remark (318 chars)

    Fantastic 2/2 condo located close to all major attractions. Universal Studios within walking distance. Metrowest shops close by. Recently repainted, recarpeted and new cabinets in kitchen. Currently tenanted at $750.00 per month through September 2013. Resort style amenties onsite. Great rental property or 1st home.

23. 2013-01-16
    listed $62,000 318-char remark

    Show marketing remark (318 chars)

    Fantastic 2/2 condo located close to all major attractions. Universal Studios within walking distance. Metrowest shops close by. Recently repainted, recarpeted and new cabinets in kitchen. Currently tenanted at $750.00 per month through September 2013. Resort style amenties onsite. Great rental property or 1st home.

24. 2011-05-09
    soldstatus $24,000 100-char remark

    Show marketing remark (100 chars)

    SHORT SALE; APPROVAL OF THE SELLER LENDERS MAY BE CONDITIONED UPON THE GROSS COMISSION BEING REDUCED

25. 2011-01-20
    listed $30,000 100-char remark

    Show marketing remark (100 chars)

    SHORT SALE; APPROVAL OF THE SELLER LENDERS MAY BE CONDITIONED UPON THE GROSS COMISSION BEING REDUCED

26. 2005-10-12
    soldstatus $135,000
27. 2003-06-20
    soldstatus $73,000
28. 2001-09-10
    soldstatus $69,900

ⓘ 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: $2,518 · $210/mo
• Projected year-2 tax: $2,518 · $210/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $21,075
• − Mortgage interest: −$8,682
• − Property taxes: −$2,518
• − Insurance: −$775
• − Repairs & maintenance: −$1,686
• − Management: −$1,686
• − HOA: −$4,788
• − Depreciation: −$4,509
• Taxable loss: −$3,570
• Est. tax savings @ 24.0%: +$857
• After-tax cash flow: $-329/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): 41,475
• Household income: $54,082
• Rent vs Own: 69.9% rent · 30.1% own
• Severe rent burden: 2728.0

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 0.66)
• Race & ethnicity: Black 50% Hispanic / Latino 27% Two or more races 17% White 12% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 8% Dominican 2%
• Common ancestry: Hispanic 7% Estonian 4% Russian 1%
• Foreign-born: 31% · Canada, Jamaica, China
• Languages at home: 62% English-only · Spanish 21% French/Haitian/Cajun 8% Other Indo-European 6%

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: ▼ -145.37%
• Current HPI: 284.9191
• Rent YoY: ▲ 0.15%
• 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

-98.0% since first listed

14 events — show timeline

• 2026-05-06 Rental Removed $1,400 STELLARMLS
• 2026-05-05 Listed $155,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-07 Price Changed $1,400 STELLARMLS
• 2026-03-04 Listed for Rent $1,500 STELLARMLS
• 2025-05-14 Rental Removed $1,450 STELLARMLS
• 2025-05-02 Listed for Rent $1,450 STELLARMLS
• 2013-04-30 Sold (Public Records) $55,000 Public Records
• 2013-04-15 Sold (MLS) $55,000 Stellar MLS as Distributed by MLS Grid
• 2013-01-16 Listed $62,000 Stellar MLS as Distributed by MLS Grid
• 2011-05-09 Sold (MLS) $24,000 Stellar MLS as Distributed by MLS Grid
• 2011-01-20 Listed $30,000 Stellar MLS as Distributed by MLS Grid
• 2005-10-12 Sold (Public Records) $135,000 Public Records
• 2003-06-20 Sold (Public Records) $73,000 Public Records
• 2001-09-10 Sold (Public Records) $69,900 Public Records

Property tax history

+10.6%/yr

Latest (2025): $2,518 · +4.0% YoY. Source: county tax records.