1424 Center St · Ocoee, FL 34761

$5,000

4 bd · 3.0 ba · 2,777 sqft · SingleFamily public records · 9 Days on market

Built 1992 0.28 ac lot

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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 +3.3/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Located In Desirable Neighborhood, Corner Lot! Kitchen With Pull-Out Cabinets & Lazy Susan. Master Bath With Make-Up Area, His/Her Sinks, Separate Shower/Tub. Dining Room Wall Completely Mirrored. Enough Room in the Back Yard to Put A Pool 4th Bedroom Already Set-Up With Pool Plan.

Key facts

• 0.28 acre lot
• 2 garage spots
• Built 1992

Property features AI

Exterior

• Parking: 2-car garage
• Utilities: Other water source; Other sewer
• Home design: Single-family residential property; One level; Planned Unit Development (PUD) zoning
• Construction: Construction materials: see remarks
• Exterior features: Front porch; Other roof

Interior

• Bedrooms: Total of 1 room
• Flooring: Other flooring
• Bathrooms: 3 full bathrooms
• Heating & cooling: No heating; No cooling
• Interior features: Other flooring

🏷️ Possibly a rental listed for sale. The $5,000 price doesn't fit this home's estimated sale value (~$547,069) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath single-family listed at $5k.

Deal economics

• At list price, monthly cash flow is $2k ($27k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $5k).
• Cap rate 555.1% vs local median 3.6% in Ocoee — 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 66/100 on livability (#602 in FL) — a middle-class / working-renter tenant base. Strengths: housing A+, crime A-, employment A-; Watch: amenities F, commute F, health & safety F.
• 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 rising (+1.0%/yr); 351 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 8,053 units permitted in Orange County in 2024 (3,133 in 5+ unit buildings).
• This rent runs 37% of the median local income ($96k/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 + 1.0% rent growth), your $1k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• Only 9 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 21y 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

• 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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.
4. 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.
5. 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: 58.77% ✓
• Cap rate: 555.11%
• Cash-on-cash: 1960.07%
• DSCR: 88.21
• GRM: 0.1

CMA / ARV

• ARV (on-the-fly): $547,069
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1775 Carolina Wren Dr	0.38mi	4/3.0	2,561 (-8%)	19mo	$550,000	$215	53
123 Olympus Dr	0.50mi	4/3.0	2,530 (-9%)	20mo	$490,000	$194	46
1051 Shimmering Sand Dr	0.63mi	4/2.0	2,387 (-14%)	13mo	$471,000	$197	32

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 · 1.04% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 100.42×
• Total profit: $139,195
• Equity at exit: $746

10-year hold

• IRR: —
• Equity multiple: 205.65×
• Total profit: $286,505
• 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 34761

• Home prices YoY: -28.3%
• Rents YoY: 1.0%
• Active inventory: 351
• Price-to-rent: 0.1×

Monthly cashflow live

• Estimated rent: $2,938 high
• Mortgage (P&I): −$26
• Tax est. 1.5%: −$6 /mo · $75/yr
• Insurance: −$2
• HOA: −$0
• Vacancy / Maint / Mgmt: −$617
• Net cashflow: $2,287

Break-even live

Break-even rent $44

Max offer price $5,000

Occupancy floor 17%

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 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
308 Forrest Crest Ct Ocoee, FL	5.0	3.0	3392	$3,036	$0.90	22d	1	0.17mi
1305 Ridgefield Ave Ocoee, FL	4.0	2.0	2098	$2,470	$1.18	24d	1	0.30mi
1710 Vista Meadows Dr Ocoee, FL	3.0	2.5	2298	$2,500	$1.09	18d	1	0.53mi
1666 Cambridge Village Ct Ocoee, FL	4.0	2.5	2138	$2,750	$1.29	8d	1	1.04mi
1759 Terrapin Rd Ocoee, FL	4.0	3.0	2104	$2,650	$1.26	22d	1	1.35mi
1834 Terrapin Rd Ocoee, FL	3.0	2.5	1963	$2,650	$1.35	24d	1	1.43mi
1512 Ison Ln Ocoee, FL	3.0	2.0	2479	$2,892	$1.17	7d	1	1.45mi

Listing history 11 events

1. 2026-06-04
   days on market $5,000 Active 9 DOM
2. 2026-06-03
   days on market $5,000 Active 8 DOM
3. 2026-06-02
   days on market $5,000 Active 7 DOM
4. 2026-06-01
   days on market $5,000 Active 6 DOM
5. 2026-05-31
   days on market $5,000 Active 5 DOM
6. 2026-05-26
   listed $5,000 Active
7. 2006-01-26
   soldstatus $345,000
8. 2006-01-17
   soldstatus $345,000 288-char remark

   Show marketing remark (288 chars)

   Located In Desirable Neighborhood, Corner Lot! Kitchen With Pull-Out Cabinets & Lazy Susan. Master Bath With Make-Up Area, His/Her Sinks, Separate Shower/Tub. Dining Room Wall Completely Mirrored. Enough Room in the Back Yard to Put A Pool 4th Bedroom Already Set-Up With Pool Plan.

9. 2005-11-07
   listed $365,900 288-char remark

   Show marketing remark (288 chars)

   Located In Desirable Neighborhood, Corner Lot! Kitchen With Pull-Out Cabinets & Lazy Susan. Master Bath With Make-Up Area, His/Her Sinks, Separate Shower/Tub. Dining Room Wall Completely Mirrored. Enough Room in the Back Yard to Put A Pool 4th Bedroom Already Set-Up With Pool Plan.

10. 2005-11-07
    historical

    Show marketing remark (288 chars)

    Located In Desirable Neighborhood, Corner Lot! Kitchen With Pull-Out Cabinets & Lazy Susan. Master Bath With Make-Up Area, His/Her Sinks, Separate Shower/Tub. Dining Room Wall Completely Mirrored. Enough Room in the Back Yard to Put A Pool 4th Bedroom Already Set-Up With Pool Plan.

11. 2005-07-15
    listed $365,900

ⓘ 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 2/10 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 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $35,260
• − Mortgage interest: −$280
• − Property taxes: −$75
• − Insurance: −$25
• − Repairs & maintenance: −$2,821
• − Management: −$2,821
• − Depreciation: −$145
• Taxable income: $29,093
• Est. tax owed @ 24.0%: −$6,982
• After-tax cash flow: $20,459/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 — Ocoee

• Score: 66/100
• State rank: #602
• US rank: #11554

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Ocoee, FL
• County: Orange County · 1,471,359 people
• City population: 47,327
• Metro: Orlando-Kissimmee-Sanford, FL
• Population (ZIP): 47,327
• Household income: $96,415
• Rent vs Own: 27.9% rent · 72.1% own
• Severe rent burden: 1197.0

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: Highly diverse neighborhood (Simpson 0.72)
• Race & ethnicity: White 39% Hispanic / Latino 29% Black 19% Two or more races 13% Asian 5%
• Hispanic origin (detail): Mexican 8% Puerto Rican 8% Cuban 2% Dominican 1%
• Common ancestry: Hispanic 2% Romanian 2% German 2%
• Foreign-born: 22% · Canada, China, Vietnam
• Languages at home: 72% English-only · Spanish 19% Other Indo-European 2% French/Haitian/Cajun 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: ▼ -114.83%
• Current HPI: 290.5598
• Rent YoY: ▲ 1.04%
• 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

-98.6% since first listed

6 events — show timeline

• 2026-05-26 Listed $5,000 HAOR as distributed by MLS GRID
• 2006-01-26 Sold (Public Records) $345,000 Public Records
• 2006-01-17 Sold (MLS) $345,000 Stellar MLS as Distributed by MLS Grid
• 2005-11-07 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2005-11-07 Listed $365,900 Stellar MLS as Distributed by MLS Grid
• 2005-07-15 Listed $365,900 Stellar MLS as Distributed by MLS Grid

Property tax history

+7.2%/yr

Latest (2025): $7,422 · +10.0% YoY. Source: county tax records.