113 W Wallace St · Pine Castle, FL 32809

$5,000

3 bd · 1.0 ba · 888 sqft · SingleFamily public records · 7 Days on market

Built 1957 ↓ 52% since listing

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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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Schools +4.1/10.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Rent growth +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Nice house in Castle villa. Block house, new carrier A/C system, newer windows, . renovated kitchen w/ Granite counters. Upgraded electric. Large Lot. Dead end street.

Key facts

• Garage
• Listed 7 days

Property features AI

Exterior

• Parking: 1-car garage
• Home design: Residential property; One-story residence
• Exterior features: 0.2-acre lot; R-1A zoning

Interior

• Bathrooms: 1 full bathroom
• Interior features: Single-story layout

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $5k.

Deal economics

• At list price, monthly cash flow is $1k ($15k/yr) — positive.
• 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 81/100 on livability (#79 in FL, #1,309 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: amenities F, employment D-.
• 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 soft (-1.1%/yr); 130 active listings in the ZIP; 27 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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 33% of the median local income ($58k/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 $35 of loan paydown is wiped out by about $150 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.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $1k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 9y 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.

Risks & watch-outs

• Watch-outs: built in 1957 — expect roof / HVAC / electrical / plumbing capex.
• 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 $5,000

Questions for the listing agent

1. Built in 1957 — 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. Schools are A-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?
4. 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?
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 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: 31.90% ✓
• Cap rate: 300.45%
• Cash-on-cash: 1050.55%
• DSCR: 47.74
• GRM: 0.3

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: —
• Equity multiple: 52.86×
• Total profit: $72,601
• Equity at exit: $746

10-year hold

• IRR: —
• Equity multiple: 105.12×
• Total profit: $145,767
• Equity at exit: $432

Cash invested: $1,400 (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 32809

• Rents YoY: -1.1%
• Active inventory: 130
• Price-to-rent: 0.3×

Monthly cashflow live

• Estimated rent: $1,595 high
• Mortgage (P&I): −$26
• Tax est. 1.5%: −$6 /mo · $75/yr
• Insurance: −$2
• HOA: −$0
• Vacancy / Maint / Mgmt: −$335
• Net cashflow: $1,226

Break-even live

Break-even rent $44

Max offer price $5,000

Occupancy floor 18%

Sensitivity live

Price	-10% $1,229	-5% $1,227	+0% $1,226	+5% $1,224	+10% $1,222
Rent	-10% $1,100	-5% $1,163	+0% $1,226	+5% $1,289	+10% $1,352
Rate	-1.0pp $1,228	-0.5pp $1,227	base $1,226	+0.5pp $1,224	+1.0pp $1,223

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: $1,250
• Closing costs: $150
• Reserves months: —
• Total cash needed: —

Rent comps 27 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
104 W Lancaster Rd Pine Castle, FL	2.0	1.0	672	$1,195	$1.78	24d	1	0.39mi
415 W Lancaster Rd Unit 2 Orlando, FL	2.0	1.0	700	$1,400	$2.00	24d	1	0.42mi
308 W Lancaster Rd Orlando, FL	2.0	1.0	969	$1,650	$1.70	24d	1	0.47mi
789 W Lancaster Rd Orlando, FL	2.0	2.0	920	$1,624	$1.77	24d	1	0.69mi
921 W Oak Ridge Rd Unit 921C Orlando, FL	2.0	2.0	895	$1,425	$1.59	24d	1	0.89mi
925 W Oak Ridge Rd Unit A Orlando, FL	2.0	2.0	944	$1,295	$1.37	2d	1	0.89mi
925 W Oak Ridge Rd Unit C Orlando, FL	2.0	2.0	895	$1,300	$1.45	24d	1	0.89mi
925 W Oak Ridge Rd Unit 925C Orlando, FL	2.0	2.0	895	$1,400	$1.56	24d	1	0.89mi
915 W Oak Ridge Rd Unit B Orlando, FL	2.0	2.0	944	$1,450	$1.54	24d	1	0.89mi
1031 Royal Palm Ave Unit 2 Pine Castle, FL	2.0	1.0	638	$1,195	$1.87	24d	1	1.23mi
747 Wyman Ct #747 Orlando, FL	2.0	2.0	700	$1,350	$1.93	24d	1	1.30mi
801 Sky Lake Cir Orlando, FL	3.0	2.0	893	$1,500	$1.68	24d	1	1.30mi
746 McDougall Ct Unit G Orlando, FL	2.0	2.0	700	$1,335	$1.91	24d	1	1.34mi
1665 W Oak Ridge Rd Unit C Orlando, FL	2.0	1.5	930	$1,550	$1.67	8d	1	1.36mi
1655 W Oak Ridge Rd Orlando, FL	2.0	1.5	930	$1,399	$1.50	24d	1	1.37mi
778 Ridenhour Cir #778 Orlando, FL	4.0	2.0	820	$1,800	$2.20	5d	1	1.37mi
827 Sky Lake Cir Orlando, FL	2.0	1.0	793	$1,400	$1.77	24d	1	1.37mi
800 Isaacville Dr Unit 213 Orlando, FL	2.0	2.0	1055	$1,800	$1.71	24d	1	1.37mi
764 Ridenhour Cir #764 Orlando, FL	4.0	2.0	820	$1,750	$2.13	24d	1	1.38mi
860 Sky Lake Cir Unit C412 Orlando, FL	3.0	2.0	893	$1,750	$1.96	4d	1	1.38mi
860 Sky Lake Cir Orlando, FL	3.0	2.0	893	$1,850	$2.07	24d	1	1.38mi
865 Sky Lake Cir Orlando, FL	3.0	2.0	893	$1,850	$2.07	24d	1	1.38mi
1450 Wakulla Way Orlando, FL	2.0	1.0	750	$1,450	$1.93	24d	1	1.39mi
837 Sky Lake Cir Unit C Orlando, FL	2.0	1.0	780	$1,550	$1.99	11d	1	1.39mi
830 Sky Lake Cir Orlando, FL	2.0	1.0	780	$1,350	$1.73	24d	1	1.41mi
820 Isaacville Dr Orlando, FL	2.0	2.0	756	$1,900	$2.51	21d	1	1.41mi
820 Isaacville Dr Orlando, FL	2.0	2.0	1055	$1,850	$1.75	3d	1	1.41mi

Listing history 6 events

1. 2026-06-09
   days on market $5,000 Active 7 DOM
2. 2026-06-08
   days on market $5,000 Active 6 DOM
3. 2026-06-07
   days on market $5,000 Active 5 DOM
4. 2026-06-04
   days on market $5,000 Active 2 DOM
5. 2026-06-02
   remarks 286-char remark
6. 2026-06-02
   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 · 23 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,142
• − Mortgage interest: −$280
• − Property taxes: −$75
• − Insurance: −$25
• − Repairs & maintenance: −$1,531
• − Management: −$1,531
• − Depreciation: −$145
• Taxable income: $15,554
• Est. tax owed @ 24.0%: −$3,733
• After-tax cash flow: $10,975/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 — Pine Castle

• Score: 81/100
• State rank: #79
• US rank: #1309

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Pine Castle, FL
• County: Orange County · 1,471,359 people
• Metro: Orlando-Kissimmee-Sanford, FL
• Population (ZIP): 29,237
• Household income: $57,879
• Rent vs Own: 46.9% rent · 53.1% own
• Severe rent burden: 1274.0

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 0.58)
• Race & ethnicity: Hispanic / Latino 59% Two or more races 22% White 22% Black 13% Asian 2%
• Hispanic origin (detail): Mexican 11% Puerto Rican 20% Cuban 6% Dominican 5%
• Common ancestry: Hispanic 6% Lithuanian 1%
• Foreign-born: 35% · Canada, Jamaica, Vietnam
• Languages at home: 37% English-only · Spanish 53% French/Haitian/Cajun 7% Vietnamese 1%

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: ▼ -220.78%
• Current HPI: 376.9662
• Rent YoY: ▼ -1.06%
• 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

-52.4% since first listed

9 events — show timeline

• 2026-06-02 Listed $5,000 NFMLS
• 2017-12-08 Sold (Public Records) $154,900 Public Records
• 2017-11-15 Sold (MLS) $154,900 Stellar MLS as Distributed by MLS Grid
• 2017-10-16 Pending — Stellar MLS as Distributed by MLS Grid
• 2017-10-10 Price Changed $154,900 Stellar MLS as Distributed by MLS Grid
• 2017-09-27 Listed $158,900 Stellar MLS as Distributed by MLS Grid
• 1999-08-06 Sold (Public Records) $55,000 Public Records
• 1976-06-01 Sold (Public Records) $18,000 Public Records
• 1968-06-01 Sold (Public Records) $10,500 Public Records

Property tax history

+9.6%/yr

Latest (2025): $1,745 · +9.6% YoY. Source: county tax records.