288 Sheppard St · Altamonte Springs, FL 32701

$5,000

3 bd · 2.0 ba · 1,671 sqft · SingleFamily public records · 6 Days on market

Built 1973

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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
• Schools +5.1/10.0
• Livability +4.1/5.0
• Cash flow +4.0/30.0
• Condition / age +2.5/5.0
• Rent growth +2.1/5.0
• 1% rule +0.2/10.0
• DSCR +0.0/10.0
• Appreciation +0.0/10.0

Listing remarks

Foreclosure Auction Ends June 2, 2026 at 11:00 AM EST. Explore this charming 3-bedroom, 2-bath residence set in a peaceful and well-located Altamonte Springs community. The list price is the opening bid for the online auction. Sold As-is. Explore more details and submit your bid through Federa.

Key facts

• 2 garage spots
• Listed 6 days

Property features AI

Exterior

• Parking: Attached or detached 2-car garage
• Home design: Residential property; One-story
• Exterior features: Lot approximately 0.29 acre; Zoned R-1AA

Interior

• Bathrooms: Two full bathrooms
• Interior features: Single-story layout

🔨 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 $402,711 (ARV from comps), not the list price.

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $5k.

Deal economics

• At list price, monthly cash flow is $-1k ($-14k/yr) — negative.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $5k).

Location & tenants

• Location reads 82/100 on livability (#62 in FL, #1,095 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: employment C-, crime D+, amenities D-.
• 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.
• Market conditions: Rents soft (-1.5%/yr); 200 active listings in the ZIP; 35 comparable units currently listed for rent nearby; rentals at typical pace (median 19d on market — plan ~3-4 weeks tenant-placement turnaround); 1,979 units permitted in Seminole County in 2024 (1,191 in 5+ unit buildings).
• This rent runs 40% of the median local income ($62k/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 $3k of loan paydown is wiped out by about $12k 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.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: property tax is 120.8% of price.
• 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 1973 — 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. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
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: 0.52% ✗
• Cap rate: 2.91%
• Cash-on-cash: -12.08%
• DSCR: 0.46
• GRM: 16.1

CMA / ARV

• ARV (on-the-fly): $402,711
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
246 Ridgewood St	0.12mi	3/2.0	1,583 (-5%)	2mo	$392,900	$248	84
1823 North St	0.34mi	3/2.0	1,650 (-1%)	5mo	$387,903	$235	78
138 Meadowlark Dr	0.33mi	3/2.0	1,642 (-2%)	5mo	$355,000	$216	77
344 Ridgewood St	0.23mi	3/2.0	1,557 (-7%)	4mo	$480,000	$308	75
476 Homer Ave	0.49mi	3/2.0	1,672 (+0%)	3mo	$410,000	$245	75
425 E Orange St	0.53mi	3/2.0	1,702 (+2%)	2mo	$410,500	$241	70
328 Alpine St	0.22mi	4/2.0 (+1)	1,766 (+6%)	6mo	$415,000	$235	70
309 Alpine St	0.14mi	3/2.0	1,449 (-13%)	4mo	$385,000	$266	68
310 Tangerine St	0.45mi	3/2.0	1,545 (-8%)	5mo	$375,000	$243	63
233 W Citrus St	0.62mi	3/2.5	1,736 (+4%)	5mo	$339,500	$196	59
546 Alpine St	0.72mi	4/2.0 (+1)	1,761 (+5%)	2mo	$425,000	$241	51
305 Robin Hill Dr	0.46mi	4/2.0 (+1)	1,919 (+15%)	4mo	$335,000	$175	45

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -41.8%
• Equity multiple: -0.27×
• Total profit: $-143,633
• Equity at exit: $60,046

10-year hold

• IRR: -91.8%
• Equity multiple: -1.14×
• Total profit: $-241,661
• Equity at exit: $34,819

Cash invested: $112,759 (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 32701

• Home prices YoY: -34.4%
• Rents YoY: -1.5%
• Active inventory: 200
• Price-to-rent: 0.2×

Monthly cashflow live

• Estimated rent: $2,086 high
• Mortgage (P&I): −$2,112
• Tax est. 1.5%: −$503 /mo · $6,041/yr
• Insurance: −$168
• HOA: −$0
• Vacancy / Maint / Mgmt: −$438
• Net cashflow: $-1,135

Break-even live

Break-even rent $3,523

Max offer price $238,462

Occupancy floor —

Sensitivity live

Price	-10% $-857	-5% $-996	+0% $-1,135	+5% $-1,274	+10% $-1,413
Rent	-10% $-1,300	-5% $-1,217	+0% $-1,135	+5% $-1,053	+10% $-970
Rate	-1.0pp $-932	-0.5pp $-1,033	base $-1,135	+0.5pp $-1,239	+1.0pp $-1,346

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: $100,678
• Closing costs: $12,081
• Reserves months: —
• Total cash needed: —

Rent comps 35 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
700 Altamira Cir Altamonte Springs, FL	1.0–2.0	1.0–2.0	825	$1,810	$2.19	2d	33	0.53mi
940 Douglas Ave Altamonte Springs, FL	1.0–2.0	1.0–2.0	1020	$1,600	$1.57	11d	2	0.53mi
600 Cranes Way #204 Altamonte Springs, FL	2.0	2.5	1482	$2,500	$1.69	24d	1	0.54mi
940 Douglas Ave #185 Altamonte Springs, FL	2.0	2.0	1199	$1,600	$1.33	5d	1	0.62mi
525 One Center Blvd Altamonte Springs, FL	1.0–3.0	1.0–2.0	1082	$2,568	$2.37	2d	17	0.63mi
441 Homer Ave Longwood, FL	4.0	2.0	1840	$2,566	$1.39	13d	1	0.69mi
505 One Center Blvd Altamonte Springs, FL	3.0	1.0–2.0	963	$3,242	$3.37	2d	39	0.71mi
486 Centerpointe Cir Altamonte Springs, FL	1.0–3.0	1.0–2.0	1037	$2,765	$2.67	3d	15	0.73mi
425 Centerpointe Cir Altamonte Springs, FL	2.0	1.0–2.0	779	$3,179	$4.08	3d	130	0.74mi
375 Palm Springs Dr Altamonte Springs, FL	3.0	1.0–2.0	828	$1,808	$2.18	2d	19	0.94mi
285 Uptown Blvd Altamonte Springs, FL	1.0–3.0	1.0–2.0	1166	$2,638	$2.26	2d	27	0.96mi
599 Calibre Crest Pkwy Altamonte Springs, FL	1.0–2.0	1.0–2.5	951	$2,353	$2.47	2d	23	1.07mi
163 Springwood Cir Unit A Longwood, FL	2.0	2.0	1180	$1,650	$1.40	24d	1	1.13mi
172 Springwood Cir Unit 172 Longwood, FL	2.0	2.0	1054	$1,550	$1.47	24d	1	1.14mi
517 Carambola Ave Altamonte Springs, FL	3.0	2.5	1159	$1,799	$1.55	5d	1	1.19mi
2 Escondido Cir #185 Altamonte Springs, FL	2.0	2.0	1339	$1,600	$1.19	5d	1	1.21mi
119 Tomoka Trl #119 Longwood, FL	3.0	2.0	1590	$2,800	$1.76	18d	1	1.24mi
453 Hemlock St Altamonte Springs, FL	3.0	2.5	1159	$1,850	$1.60	24d	1	1.25mi
256 Springside Rd Longwood, FL	3.0	2.5	1536	$2,300	$1.50	24d	1	1.26mi
738 Preble Ave Altamonte Springs, FL	3.0	2.0	1414	$2,190	$1.55	24d	1	1.26mi
524 Sun Valley Vlg #105 Altamonte Springs, FL	2.0	2.0	1139	$2,100	$1.84	18d	1	1.28mi
505 Sun Ridge Pl Altamonte Springs, FL	2.0	2.5	1124	$1,900	$1.69	24d	1	1.29mi
17 Escondido Cir #239 Altamonte Springs, FL	3.0	2.0	1473	$1,775	$1.21	24d	1	1.31mi
534 Sun Valley Vlg Altamonte Springs, FL	1.0–3.0	1.0–2.0	1117	$2,134	$1.91	3d	9	1.32mi
872 Fairview Ave Altamonte Springs, FL	3.0	2.0	2115	$2,579	$1.22	22d	1	1.32mi
1580 Banks St Longwood, FL	3.0	2.0	1675	$2,445	$1.46	24d	1	1.36mi
222 Crown Oaks Way Longwood, FL	2.0	2.0	1143	$1,750	$1.53	24d	1	1.36mi
484 Tamarack St Altamonte Springs, FL	2.0	2.5	1159	$1,550	$1.34	24d	1	1.37mi
550 Via del Oro Dr #106 Altamonte Springs, FL	3.0	2.0	1595	$2,190	$1.37	24d	1	1.38mi
564 Breckenridge Vlg #106 Altamonte Springs, FL	3.0	2.5	1332	$1,950	$1.46	11d	1	1.43mi
205 Fairway Dr Longwood, FL	2.0	1.0	1141	$1,795	$1.57	13d	1	1.44mi
116 Fairway Dr Longwood, FL	2.0	1.0	1200	$1,900	$1.58	24d	1	1.45mi
439 S Netherwood Cres Unit 439 Altamonte Springs, FL	2.0	2.0	1121	$2,000	$1.78	18d	1	1.46mi
108 Fairway Dr #108 Longwood, FL	2.0	2.0	1216	$1,900	$1.56	24d	1	1.47mi
270 Altamonte Bay Club Cir Altamonte Springs, FL	1.0–2.0	1.0–2.0	1002	$1,915	$1.91	2d	11	1.47mi

Listing history 4 events

1. 2026-06-01
   days on market $5,000 Active 6 DOM
2. 2026-05-31
   days on market $5,000 Active 5 DOM
3. 2026-05-26
   listed $5,000 Active
4. 1973-01-01
   soldstatus $36,000

ⓘ 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 8/10 Severe 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 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,032
• − Mortgage interest: −$22,558
• − Property taxes: −$6,041
• − Insurance: −$2,014
• − Repairs & maintenance: −$2,003
• − Management: −$2,003
• − Depreciation: −$11,715
• Taxable loss: −$21,300
• Est. tax savings @ 24.0%: +$5,112
• After-tax cash flow: $-8,509/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 — Altamonte Springs

• Score: 82/100
• State rank: #62
• US rank: #1095

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Seminole County · 436,154 people
• City population: 62,497
• Metro: Orlando-Kissimmee-Sanford, FL
• Population (ZIP): 24,592
• Household income: $62,198
• Rent vs Own: 49.0% rent · 51.0% own
• Severe rent burden: 1447.0

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 0.67)
• Race & ethnicity: White 46% Hispanic / Latino 28% Black 19% Two or more races 18% Asian 3%
• Hispanic origin (detail): Puerto Rican 16% Cuban 3% Dominican 1%
• Common ancestry: Lithuanian 2% Romanian 2% Slovak 1%
• Foreign-born: 15% · Canada, Jamaica
• Languages at home: 75% English-only · Spanish 19% Other Indo-European 2% Russian/Polish/Slavic 1%

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: ▼ -169.27%
• Current HPI: 323.2703
• Rent YoY: ▼ -1.52%
• 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

2 events — show timeline

• 2026-05-26 Listed $5,000 NFMLS
• 1973-01-01 Sold (Public Records) $36,000 Public Records

Property tax history

+12.5%/yr

Latest (2025): $3,875 · +177.5% YoY. Source: county tax records.