4709 S Texas Ave Unit 4709D · Orlando, FL 32839

$149,000

3 bd · 2.0 ba · 1,270 sqft · Condo public records · 14 Days on market

Built 1973

---

Why this score? — see what drove the C+ 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 +25.5/30.0
• DSCR +8.4/10.0
• ARV discount +7.5/15.0
• 1% rule +6.4/10.0
• Livability +4.3/5.0
• Schools +4.1/10.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This is a Fannie Mae HomePath property. Purchase this property for as little as 3% down! This property is approved for HomePath Mortgage Financing.

Key facts

• Gated community
• Community pool
• Built 1973

Tags

• SCREENED EXTERIOR PATIO
• GATED COMMUNITY

Property features AI

Finance

• Other: Property type: Residential condominium; Zoning: R-3; Lot approximately 0.12 acres; Living area about 1,270 square feet; Unfurnished; Pets allowed with size limit; No lease restrictions reported
• HOA & community: HOA: First Residential; Monthly association fee (includes pool); Association fees required

Exterior

• Parking: No parking details provided
• Utilities: Public water; Public sewer; Electricity connected
• Home design: Condominium (attached); Two stories; Faces south; Entry on second floor (unit on floor 2)
• Construction: Block construction; Shingle roof; Slab foundation; Built as part of building 4709
• Exterior features: Exterior lighting; Paved road access

Interior

• Kitchen: Disposal; Range; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Ceramic tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Thermostat; Disposal; Range; Refrigerator
• Laundry & utility: Indoor laundry

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath condo listed at $149k.

Deal economics

• At list price, monthly cash flow is $347 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $149k).
• Cap rate 9.1% 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.
• Zoned schools: Palmetto Elementary (math 31% / reading 33%, grade F, #1,797 of 2,144 statewide, top 86%, 805 students, 75% FRL); Memorial Middle (math 29% / reading 30%, grade F, #469 of 571 statewide, top 84%, 944 students, 75% FRL); Oak Ridge High (math 17% / reading 27%, grade F, #544 of 667 statewide, top 82%, 2,477 students, 66% FRL) — zoned schools average 72% FRL vs 56% district-wide (16 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 28% at this address vs 48% district-wide (-21 pts) — the specific schools serving this property underperform the Orange average; the district grade overstates school quality for this exact location.
• Market conditions: Rents soft (-0.5%/yr); 224 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 19d 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 43% of the median local income ($47k/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 $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.

Negotiation context

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 17y 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 $48k; list at $149k implies a 207% gain — meaningful room to come down on a strong offer.

Recommended offer $149,000

Questions for the listing agent

1. Built in 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. 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?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 1.14% ✓
• Cap rate: 9.09%
• Cash-on-cash: 9.99%
• DSCR: 1.44
• GRM: 7.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -4.6%
• Equity multiple: 0.83×
• Total profit: $-6,997
• Equity at exit: $22,216

10-year hold

• IRR: 1.2%
• Equity multiple: 1.08×
• Total profit: $3,176
• Equity at exit: $12,883

Cash invested: $41,720 (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 32839

• Home prices YoY: -20.1%
• Rents YoY: -0.5%
• Active inventory: 224
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $1,698 high
• Mortgage (P&I): −$781
• Tax from tax record: −$150 /mo · $1,804/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$356
• Net cashflow: $347

Break-even live

Break-even rent $1,258

Max offer price $149,000

Occupancy floor 75%

Sensitivity live

Price	-10% $432	-5% $389	+0% $347	+5% $305	+10% $263
Rent	-10% $213	-5% $280	+0% $347	+5% $414	+10% $481
Rate	-1.0pp $422	-0.5pp $385	base $347	+0.5pp $309	+1.0pp $269

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: $37,250
• Closing costs: $4,470
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4711 S Texas Ave Unit 4711A Orlando, FL	2.0	2.0	976	$1,600	$1.64	26d	1	0.03mi
4789 S Texas Ave Apt A Orlando, FL	2.0	2.0	976	$1,500	$1.54	10d	1	0.07mi
2107 Honour Rd #2107 Orlando, FL	2.0	2.5	1208	$1,650	$1.37	5d	1	0.08mi
2107 Honour Rd #2107 Orlando, FL	2.0	2.5	1208	$1,650	$1.37	0d	1	0.08mi
4791 S Texas Ave Orlando, FL	2.0	2.0	976	$1,300	$1.33	26d	1	0.08mi
4725 S Texas Ave Apt C Orlando, FL	2.0	2.0	976	$1,249	$1.28	26d	1	0.09mi
4733 S Texas Ave Unit 4733B Orlando, FL	2.0	2.0	976	$1,450	$1.49	24d	1	0.11mi
5208 Via Hacienda Cir Unit 101 Orlando, FL	2.0	2.0	1073	$2,000	$1.86	26d	1	0.13mi
4759 S Texas Ave Unit 4759C Orlando, FL	2.0	2.0	976	$1,450	$1.49	18d	1	0.15mi
4779 S Texas Ave Unit 4779D Orlando, FL	2.0	2.0	976	$1,450	$1.49	5d	1	0.15mi
5214 Via Hacienda Cir Apt 207 Orlando, FL	2.0	2.0	1073	$1,500	$1.40	0d	1	0.17mi
5219 Via Hacienda Cir Unit B209 Orlando, FL	2.0	2.0	1073	$1,500	$1.40	18d	1	0.17mi
5226 Via Hacienda Cir Unit A313 Orlando, FL	2.0	2.0	934	$1,400	$1.50	5d	1	0.19mi
5226 Via Hacienda Cir Unit A215 Orlando, FL	2.0	2.0	1073	$1,550	$1.44	26d	1	0.19mi
5226 Via Hacienda Cir Unit A116 Orlando, FL	2.0	2.0	934	$1,350	$1.45	26d	1	0.19mi
4749 S Texas Ave Unit 4749C Orlando, FL	2.0	2.0	976	$1,450	$1.49	26d	1	0.19mi
4767 S Texas Ave Unit 4767B Orlando, FL	2.0	2.0	976	$1,450	$1.49	16d	1	0.19mi
2225 Holden Ave #104 Orlando, FL	2.0	2.0	1248	$1,800	$1.44	26d	1	0.20mi
5225 Via Hacienda Cir Unit B115 Orlando, FL	2.0	2.0	1073	$1,480	$1.38	26d	1	0.20mi
2691 Charleston Town Pl Orlando, FL	1.0–3.0	1.0–2.0	1199	$2,372	$1.98	0d	20	0.22mi
1926 Honour Rd #4 Orlando, FL	3.0	1.0	910	$1,500	$1.65	26d	1	0.26mi
1902 Honour Rd Orlando, FL	3.0	2.0	1000	$1,750	$1.75	26d	1	0.26mi
2363 Huntington Green Ct #5 Orlando, FL	3.0	2.5	1405	$1,850	$1.32	17d	1	0.28mi
2424 Grand Central Pkwy Orlando, FL	2.0	2.5	1250	$1,795	$1.44	6d	1	0.29mi
1717 Holden Ave Orlando, FL	1.0–3.0	1.0–2.5	980	$1,799	$1.84	0d	24	0.29mi
2442 Grand Central Pkwy #2 Orlando, FL	2.0	2.5	1250	$2,200	$1.76	26d	1	0.30mi
2424 Grand Central Pkwy Orlando, FL	2.0	2.5	1250	$1,822	$1.46	10d	2	0.30mi
2342 Huntington Green Ct #2 Orlando, FL	2.0	1.5	996	$1,300	$1.31	24d	1	0.31mi
2352 Huntington Green Ct #7 Orlando, FL	2.0	1.5	996	$1,400	$1.41	26d	1	0.31mi
2334 Grand Central Pkwy #17 Orlando, FL	2.0	2.5	1250	$1,750	$1.40	22d	1	0.33mi
1980 Lake Fountain Dr Orlando, FL	1.0–2.0	1.0–2.0	870	$2,107	$2.42	0d	18	0.33mi
2262 Grand Central Pkwy #3 Orlando, FL	3.0	2.0	1465	$2,150	$1.47	24d	1	0.38mi
4746 Rio Grande Ave Orlando, FL	1.0–3.0	1.0–2.0	920	$2,002	$2.18	0d	38	0.39mi
2437 Americana Blvd Orlando, FL	2.0	1.0–2.0	895	$2,147	$2.40	0d	16	0.43mi
2604 Grand Central Pkwy #2 Orlando, FL	3.0	2.0	1457	$1,895	$1.30	10d	1	0.43mi
2604 Grand Central Pkwy Orlando, FL	3.0	2.0	1457	$2,148	$1.47	16d	1	0.43mi
4405 S Texas Ave Orlando, FL	2.0	2.0	1100	$1,550	$1.41	26d	1	0.43mi
4424 S Texas Ave Unit 204 Orlando, FL	2.0	2.0	900	$1,900	$2.11	12d	1	0.44mi
4424 S Texas Ave Unit 1-2051-205 Orlando, FL	2.0	2.0	900	$1,750	$1.94	5d	1	0.44mi
1432 Holden Ave Unit C6 Orlando, FL	2.0	2.0	970	$1,500	$1.55	26d	1	0.46mi

HOA detail condo

• Monthly dues: $0 · $0/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 10 events

1. 2026-06-21
   days on market $149,000 Active 14 DOM
2. 2026-06-18
   days on market $149,000 Active 11 DOM
3. 2026-06-17
   days on market $149,000 Active 10 DOM
4. 2026-06-16
   days on market $149,000 Active 9 DOM
5. 2026-06-15
   days on market $149,000 Active 8 DOM
6. 2026-06-13
   days on market $149,000 Active 6 DOM
7. 2026-06-13
   days on market $149,000 Active 5 DOM
8. 2026-06-09
   days on market $149,000 Active 2 DOM
9. 2026-06-08
   remarks 392-char remark
10. 2026-06-08
    listed $149,000 Active 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $1,804 · $150/mo
• Projected year-2 tax: $1,804 · $150/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: $20,370
• − Mortgage interest: −$8,346
• − Property taxes: −$1,804
• − Insurance: −$745
• − Repairs & maintenance: −$1,630
• − Management: −$1,630
• − Depreciation: −$4,335
• Taxable income: $1,881
• Est. tax owed @ 24.0%: −$452
• After-tax cash flow: $3,716/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

• County: Orange County · 1,471,359 people
• City population: 964,969
• Metro: Orlando-Kissimmee-Sanford, FL
• Population (ZIP): 53,242
• Household income: $47,313
• Rent vs Own: 75.1% rent · 24.9% own
• Severe rent burden: 5337.0

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 0.69)
• Race & ethnicity: Hispanic / Latino 39% Black 35% Two or more races 17% White 16% Asian 4%
• Hispanic origin (detail): Mexican 5% Puerto Rican 14% Cuban 2% Dominican 3%
• Common ancestry: Hispanic 8% Estonian 1% Lithuanian 1%
• Foreign-born: 30% · Canada, Jamaica, Vietnam
• Languages at home: 51% English-only · Spanish 33% French/Haitian/Cajun 9% Other Indo-European 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: ▼ -89.65%
• Current HPI: 357.4828
• Rent YoY: ▼ -0.50%
• 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

+273.4% since first listed

4 events — show timeline

• 2026-06-07 Listed $149,000 Stellar MLS as Distributed by MLS Grid
• 2017-02-16 Sold (Public Records) $48,500 Public Records
• 2010-01-22 Sold (MLS) $39,000 Stellar MLS as Distributed by MLS Grid
• 2009-11-03 Listed $39,900 Stellar MLS as Distributed by MLS Grid

Property tax history

+4.8%/yr

Latest (2025): $1,804 · +10.4% YoY. Source: county tax records.