944 Lake Destiny Rd Unit A · Altamonte Springs, FL 32714

$95,000

1 bd · 1.0 ba · 625 sqft · Condo public records · 61 Days on market

Built 1973 $235/mo HOA · 19% of rent

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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 +18.0/30.0
• 1% rule +8.2/10.0
• ARV discount +7.5/15.0
• DSCR +5.6/10.0
• Schools +5.1/10.0
• Livability +4.1/5.0
• Condition / age +2.5/5.0
• Rent growth +2.3/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

BEAUTIFUL 1 BEDROOM CONDO EVEYTHING IS NEW UPGRADES KITCHEN APPLIANCES, FRESHLY PAINTED NEW COUNTER TOP EVERY THING IS NEW. FIRST FLOOR UNIT

Key facts

• Screened in porch
• Ground level unit
• $235 HOA

Tags

• GROUND LEVEL UNIT
• SCREENED IN PORCH

Property features AI

Finance

• Other: No lease restrictions reported; Unfurnished
• Financial info:
• HOA & community: LAKE DESTINY HOMEOWNERS ASSOCIATION; Monthly association fee of $235.43 (includes pool); Pets allowed with size limit (max 50 lbs); Association fee required

Exterior

• Parking:
• Security:
• Utilities: Public water; Public sewer; Cable available
• Home design: Residential condominium; One story; Faces east; Unit on floor 1
• Construction: Concrete construction; Shingle roof; Slab foundation; Built as part of Destiny Springs Condominium
• Exterior features: Exterior lighting; Asphalt road access

Interior

• Kitchen: Dishwasher; Range; Range hood; Refrigerator
• Bedrooms: 1 bedroom (first floor)
• Flooring: Carpet; Ceramic tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Other interior features; 4 total rooms
• Laundry & utility: Laundry features: Other; Electric water heater

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $95k.

Deal economics

• At list price, monthly cash flow is $82 ($984/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $95k).
• Recommended offer: $89k (6.0% below list) — sets the bar for market timing.
• Cap rate 7.3% vs local median 3.4% in Altamonte Springs — 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 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 (-0.8%/yr); 257 active listings in the ZIP; 39 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); 1,979 units permitted in Seminole County in 2024 (1,191 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $657 of loan paydown is wiped out by about $3k 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

• It's been on market 61 days — a 6% lower offer ($89k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 6y ago; this cycle's ask has dropped $15k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $76k; 25% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• 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 $89,300 (6.0% below list)

Questions for the listing agent

1. It's been on market 61 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. 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?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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.
9. 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.
10. 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: 1.32% ✓
• Cap rate: 7.33%
• Cash-on-cash: 3.70%
• DSCR: 1.16
• GRM: 6.3

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: -15.0%
• Equity multiple: 0.49×
• Total profit: $-13,682
• Equity at exit: $14,165

10-year hold

• IRR: -15.2%
• Equity multiple: 0.30×
• Total profit: $-18,723
• Equity at exit: $8,214

Cash invested: $26,600 (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 32714

• Rents YoY: -0.8%
• Active inventory: 257
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $1,258 high
• Mortgage (P&I): −$498
• Tax from tax record: −$139 /mo · $1,671/yr
• Insurance: −$40
• HOA: −$235
• Vacancy / Maint / Mgmt: −$264
• Net cashflow: $82

Break-even live

Break-even rent $1,154

Max offer price $95,000

Occupancy floor 88%

Sensitivity live

Price	-10% $136	-5% $109	+0% $82	+5% $55	+10% $28
Rent	-10% $-17	-5% $32	+0% $82	+5% $132	+10% $181
Rate	-1.0pp $130	-0.5pp $106	base $82	+0.5pp $57	+1.0pp $32

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: $23,750
• Closing costs: $2,850
• Reserves months: —
• Total cash needed: —

Rent comps 39 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
944 Lake Destiny Rd Altamonte Springs, FL	1.0	1.0	625	$1,142	$1.83	20d	3	0.04mi
946 Lake Destiny Rd Unit E Altamonte Springs, FL	1.0	1.0	462	$1,150	$2.49	24d	1	0.05mi
948 Lake Destiny Rd Altamonte Springs, FL	1.0	1.0	625	$1,250	$2.00	4d	1	0.05mi
948 Lake Destiny Rd Unit C Altamonte Springs, FL	1.0	1.0	625	$1,200	$1.92	24d	1	0.06mi
895 Wymore Rd Altamonte Springs, FL	1.0–4.0	1.0–2.5	1304	$1,293	$0.99	2d	21	0.13mi
693 Wymore Rd Altamonte Springs, FL	1.0–2.0	1.0–2.0	860	$1,454	$1.69	3d	15	0.58mi
230 Country Walk Pl Altamonte Springs, FL	1.0–3.0	1.0–2.5	1068	$1,297	$1.21	2d	52	0.71mi
435 Wymore Rd #207 Altamonte Springs, FL	1.0	1.0	650	$1,300	$2.00	18d	1	0.86mi
351 Northlake Blvd Altamonte Springs, FL	1.0–2.0	1.0–2.0	837	$1,388	$1.66	2d	26	0.90mi
325 Wymore Rd Unit 325-106 Altamonte Springs, FL	1.0	1.0	651	$1,000	$1.54	24d	1	1.00mi
315 Wymore Rd Altamonte Springs, FL	1.0	1.0	650	$1,150	$1.77	18d	1	1.01mi
315 Wymore Rd Altamonte Springs, FL	1.0	1.0	650	$1,172	$1.80	24d	2	1.01mi
601 Trelago Way Maitland, FL	3.0	1.0–2.0	1058	$2,313	$2.19	2d	16	1.02mi
334 Wymore Rd Altamonte Springs, FL	1.0	1.0	663	$995	$1.50	22d	1	1.05mi
360 Wymore Rd Altamonte Springs, FL	1.0–3.0	1.0–2.0	1108	$995	$0.90	2d	6	1.07mi
285 Wymore Rd Unit 285-104 Altamonte Springs, FL	1.0	1.0	651	$1,100	$1.69	24d	1	1.08mi
264 Springs Colony Cir Altamonte Springs, FL	1.0–3.0	1.0–2.0	1000	$1,362	$1.36	2d	9	1.14mi
375 Lake Ontario Ct Altamonte Springs, FL	1.0	1.0	678	$1,322	$1.95	4d	2	1.15mi
8636 Villa Pt Orlando, FL	1.0–3.0	1.0–2.0	1156	$1,384	$1.20	2d	38	1.16mi
380 Lakepointe Dr #204 Altamonte Springs, FL	1.0	1.0	712	$1,345	$1.89	5d	1	1.18mi
320 Black Oak Ct #207 Altamonte Springs, FL	1.0	1.0	712	$1,350	$1.90	24d	1	1.20mi
465 Forestway Cir #302 Altamonte Springs, FL	1.0	1.0	664	$1,249	$1.88	2d	1	1.21mi
370 Lake Tahoe Ct Altamonte Springs, FL	1.0	1.0	712	$1,295	$1.82	18d	2	1.25mi
912 Innovation Way Altamonte Springs, FL	1.0–3.0	1.0–2.0	1055	$1,339	$1.27	2d	28	1.26mi
300 Lakepointe Dr #204 Altamonte Springs, FL	1.0	1.0	712	$1,225	$1.72	24d	1	1.27mi
351 Lone Hill Dr #306 Altamonte Springs, FL	1.0	1.0	644	$1,350	$2.10	5d	1	1.28mi
895 Broadstone Way Altamonte Springs, FL	3.0	1.0–2.0	1025	$2,020	$1.97	2d	33	1.28mi
390 Lake Placid Ct #303 Altamonte Springs, FL	1.0	1.0	644	$1,350	$2.10	18d	1	1.29mi
365 Forestway Cir Altamonte Springs, FL	1.0	1.0	644	$1,325	$2.06	24d	2	1.31mi
365 Forestway Cir #306 Altamonte Springs, FL	1.0	1.0	644	$1,350	$2.10	15d	1	1.31mi
9301 Summit Centre Way Unit 1103 Lockhart, FL	1.0	1.0	712	$1,956	$2.75	13d	1	1.31mi
385 Woodside Dr #201 Altamonte Springs, FL	1.0	1.0	708	$1,500	$2.12	24d	1	1.33mi
1125 Lake Shadow Cir Maitland, FL	1.0	1.0	714	$1,338	$1.87	22d	2	1.37mi
9301 Summit Centre Way Orlando, FL	3.0	1.0–2.0	1012	$1,978	$1.95	5d	1	1.37mi
1275 Lake Shadow Cir #13305 Maitland, FL	1.0	1.0	672	$1,385	$2.06	24d	1	1.38mi
122 Water Front Way #170 Altamonte Springs, FL	1.0	1.0	496	$1,300	$2.62	18d	1	1.45mi
128 Water Front Way Altamonte Springs, FL	1.0	1.0	496	$1,095	$2.21	13d	1	1.46mi
131 Water Front Way #150 Altamonte Springs, FL	1.0	1.0	496	$1,200	$2.42	3d	1	1.48mi
120 Blue Point Way Altamonte Springs, FL	1.0	1.0	496	$1,170	$2.36	20d	2	1.50mi

HOA detail condo

• Monthly dues: $235 · $2,820/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 16 events

1. 2026-06-07
   days on market $95,000 Active 61 DOM
2. 2026-06-04
   days on market $95,000 Active 58 DOM
3. 2026-06-03
   days on market $95,000 Active 57 DOM
4. 2026-06-02
   days on market $95,000 Active 56 DOM
5. 2026-06-01
   days on market $95,000 Active 55 DOM
6. 2026-05-31
   days on market $95,000 Active 54 DOM
7. 2026-05-08
   price $95,000
8. 2026-04-22
   price $99,000
9. 2026-04-07
   listed $110,000 Active
10. 2020-04-30
    soldstatus $76,000 Sold 140-char remark

    Show marketing remark (140 chars)

    BEAUTIFUL 1 BEDROOM CONDO EVEYTHING IS NEW UPGRADES KITCHEN APPLIANCES, FRESHLY PAINTED NEW COUNTER TOP EVERY THING IS NEW. FIRST FLOOR UNIT

11. 2020-04-30
    soldstatus $76,000

    Show marketing remark (140 chars)

    BEAUTIFUL 1 BEDROOM CONDO EVEYTHING IS NEW UPGRADES KITCHEN APPLIANCES, FRESHLY PAINTED NEW COUNTER TOP EVERY THING IS NEW. FIRST FLOOR UNIT

12. 2020-03-18
    status Pending 140-char remark

    Show marketing remark (140 chars)

    BEAUTIFUL 1 BEDROOM CONDO EVEYTHING IS NEW UPGRADES KITCHEN APPLIANCES, FRESHLY PAINTED NEW COUNTER TOP EVERY THING IS NEW. FIRST FLOOR UNIT

13. 2020-02-14
    listed $79,900 Active 140-char remark

    Show marketing remark (140 chars)

    BEAUTIFUL 1 BEDROOM CONDO EVEYTHING IS NEW UPGRADES KITCHEN APPLIANCES, FRESHLY PAINTED NEW COUNTER TOP EVERY THING IS NEW. FIRST FLOOR UNIT

14. 2005-02-17
    soldstatus $45,000
15. 1995-05-15
    soldstatus $18,300
16. 1983-02-01
    soldstatus $29,900

ⓘ 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: $1,671 · $139/mo
• Projected year-2 tax: $1,671 · $139/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

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 ≥107°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: $15,100
• − Mortgage interest: −$5,321
• − Property taxes: −$1,671
• − Insurance: −$475
• − Repairs & maintenance: −$1,208
• − Management: −$1,208
• − HOA: −$2,820
• − Depreciation: −$2,764
• Taxable loss: −$368
• Est. tax savings @ 24.0%: +$88
• After-tax cash flow: $1,072/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

• Census place: Altamonte Springs, FL
• County: Seminole County · 436,154 people
• City population: 62,497
• Metro: Orlando-Kissimmee-Sanford, FL
• Population (ZIP): 37,905
• Household income: $70,955
• Rent vs Own: 49.1% rent · 50.9% own
• Severe rent burden: 1961.0

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 0.69)
• Race & ethnicity: White 43% Hispanic / Latino 31% Two or more races 17% Black 17% Asian 2%
• Hispanic origin (detail): Mexican 3% Puerto Rican 10% Cuban 3% Dominican 2%
• Common ancestry: Lithuanian 4% Hispanic 3% Scotch-Irish 2%
• Foreign-born: 18% · Canada, Jamaica, South Korea
• Languages at home: 71% English-only · Spanish 22% French/Haitian/Cajun 3% Other Indo-European 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: ▼ -200.78%
• Current HPI: 338.6894
• Rent YoY: ▼ -0.79%
• 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

+217.7% since first listed

10 events — show timeline

• 2026-05-08 Price Changed $95,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-22 Price Changed $99,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-07 Listed $110,000 Stellar MLS as Distributed by MLS Grid
• 2020-04-30 Sold (Public Records) $76,000 Public Records
• 2020-04-30 Sold (MLS) $76,000 Stellar MLS as Distributed by MLS Grid
• 2020-03-18 Pending — Stellar MLS as Distributed by MLS Grid
• 2020-02-14 Listed $79,900 Stellar MLS as Distributed by MLS Grid
• 2005-02-17 Sold (Public Records) $45,000 Public Records
• 1995-05-15 Sold (Public Records) $18,300 Public Records
• 1983-02-01 Sold (Public Records) $29,900 Public Records

Property tax history

+13.4%/yr

Latest (2025): $1,671 · +8.6% YoY. Source: county tax records.