5023 College Dr · Orlando, FL 32811

$149,900

2 bd · 1.0 ba · 767 sqft · SingleFamily public records · 169 Days on market

Built 1957 0.31 ac lot

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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 +24.1/30.0
• DSCR +7.8/10.0
• ARV discount +7.5/15.0
• 1% rule +6.0/10.0
• Livability +4.3/5.0
• Schools +4.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

MULTIPLE OFFERS- please submit highest and best by Monday at 5pm. Here's your chance to own a home that has numerous possibilities. 100 ft wide lot would have potential to subdivide and sell off. An investor could easily rent this out. Or one could renovate and live in. This over 13,000 sqft lot on dead end street backs up to open pasture allowing for ample privacy. Tough to find this size of lot that backs up to open pasture in this price range. Small shed on property as well. The home is small but usable. As you walk in you'll find the a living room which leads you into the kitchen. Beyond kitchen is dining room and then another living space followed by two bedrooms and bath. Furniture will be removed prior to closing.

Key facts

• 0.31 acre lot
• Parking
• Built 1957

Property features AI

Finance

• Other: Zoning: R-1; Property type: Residential, Single Family Residence; Total living area approximately 767; Lot acreage: 1/4 to less than 1/2 acre
• HOA & community: No HOA indicated

Exterior

• Parking: Has carport (1 space)
• Utilities: Public water; Septic tank; Electricity connected; Asphalt road access
• Home design: Single Family Residence; One story; Faces south
• Construction: Stucco exterior; Shingle roof; Slab foundation; Built on 0.31-acre lot
• Exterior features: Other exterior features; Other fencing; No patio or porch

Interior

• Kitchen: Other appliances
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Laminate; Tile; Vinyl
• Bathrooms: 1 full bathroom
• Heating & cooling: Electric heating; Central air conditioning
• Interior features: Thermostat; Family room
• Laundry & utility: No laundry room features specified

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $295 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $132k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.7% 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: Ivey Lane Elementary (math 42% / reading 27%, grade F, #1,709 of 2,144 statewide, top 81%, 311 students, 87% FRL); Jones High (math 9% / reading 25%, grade F, #597 of 667 statewide, top 90%, 1,672 students, 75% FRL) — zoned schools average 81% FRL vs 56% district-wide (25 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 26% at this address vs 48% district-wide (-23 pts) — the specific schools serving this property underperform the Orange average; the district grade overstates school quality for this exact location.
• Market conditions: Rents flat; 238 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 18d 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 36% of the median local income ($54k/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

• It's been on market 169 days — a 12% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 8y ago; this cycle's ask has dropped $20k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.

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 6→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $131,912 (12.0% below list)

Questions for the listing agent

1. It's been on market 169 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1957 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 1.10% ✓
• Cap rate: 8.66%
• Cash-on-cash: 8.44%
• DSCR: 1.38
• GRM: 7.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.15% rent growth · sell at horizon

5-year hold

• IRR: -6.7%
• Equity multiple: 0.76×
• Total profit: $-10,073
• Equity at exit: $22,351

10-year hold

• IRR: -0.9%
• Equity multiple: 0.94×
• Total profit: $-2,315
• Equity at exit: $12,961

Cash invested: $41,972 (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 32811

• Home prices YoY: -33.8%
• Rents YoY: 0.1%
• Active inventory: 238
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $1,644 high
• Mortgage (P&I): −$786
• Tax from tax record: −$155 /mo · $1,861/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$345
• Net cashflow: $295

Break-even live

Break-even rent $1,270

Max offer price $149,900

Occupancy floor 77%

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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
767 Willie Mays Pkwy Orlando, FL	2.0	1.0	630	$1,470	$2.33	23d	1	0.49mi
769 Willie Mays Pkwy Orlando, FL	2.0	1.0	700	$1,500	$2.14	4d	1	0.49mi
5235 Florida Holly Dr Orlando, FL	3.0	2.0	1107	$2,100	$1.90	23d	1	0.51mi
1025 Clovercrest Rd Orlando, FL	3.0	2.0	1050	$2,100	$2.00	23d	1	0.55mi
1025 Clovercrest Rd Orlando, FL	3.0	2.0	1050	$2,100	$2.00	17d	1	0.55mi
4610 Barley St Orlando, FL	2.0	1.0	805	$1,699	$2.11	23d	1	0.59mi
5132 Elese St Orlando, FL	3.0	2.0	960	$1,800	$1.88	16d	1	0.60mi
200 Fanfair Ave Orlando, FL	3.0	1.0	941	$1,730	$1.84	7d	1	0.61mi
907 S Kirkman Rd Orlando, FL	2.0–4.0	2.0	1131	$1,450	$1.28	3d	14	0.77mi
701 S Ivey Ln Orlando, FL	2.0–3.0	1.0	871	$1,134	$1.30	23d	1	0.78mi
464 S Kirkman Rd Orlando, FL	1.0–3.0	1.0–2.0	977	$1,890	$1.93	2d	19	0.85mi
4333 Cynthia St Orlando, FL	3.0	2.0	1039	$1,813	$1.74	21d	1	0.93mi
1401 S Kirkman Rd Orlando, FL	1.0–3.0	1.0–2.0	975	$1,804	$1.85	1d	32	1.00mi
5915 Raleigh St Orlando, FL	1.0–3.0	1.0–2.0	1039	$2,338	$2.25	1d	28	1.05mi
5971 Westgate Dr #1213 Orlando, FL	2.0	2.0	1077	$1,580	$1.47	20d	1	1.08mi
5956 Westgate Dr #102 Orlando, FL	1.0	1.0	686	$1,275	$1.86	21d	1	1.10mi
1601 S Kirkman Rd Orlando, FL	1.0–3.0	1.0–2.0	876	$1,656	$1.89	2d	23	1.14mi
6022 Westgate Dr Orlando, FL	2.0	1.0–1.5	894	$1,488	$1.66	23d	2	1.16mi
6022 Westgate Dr Orlando, FL	2.0	1.5	894	$1,525	$1.71	17d	1	1.16mi
6025 Westgate Dr #2512 Orlando, FL	2.0	2.0	1077	$1,595	$1.48	2d	1	1.17mi
6025 Westgate Dr Orlando, FL	1.0–2.0	1.0–2.0	895	$1,595	$1.78	2d	3	1.17mi
6025 Westgate Dr Orlando, FL	1.0–2.0	1.0–2.0	895	$1,595	$1.78	2d	2	1.17mi
6029 Westgate Dr #712 Orlando, FL	2.0	2.0	1077	$1,599	$1.48	23d	1	1.18mi
6028 Westgate Dr #102 Orlando, FL	1.0	1.0	686	$1,250	$1.82	7d	1	1.19mi
6004 Westgate Dr #104 Orlando, FL	1.0	1.0	566	$1,300	$2.30	4d	1	1.20mi
6004 Westgate Dr #102 Orlando, FL	1.0	1.0	566	$1,295	$2.29	23d	1	1.20mi
6016 Westgate Dr #204 Orlando, FL	2.0	2.0	991	$1,700	$1.72	14d	1	1.21mi
6101 Raleigh St Orlando, FL	1.0–4.0	1.0–2.0	1120	$1,627	$1.45	2d	41	1.22mi
6124 Westgate Dr #104 Orlando, FL	2.0	2.0	943	$1,495	$1.59	23d	1	1.24mi
6071 Westgate Dr #313 Orlando, FL	1.0	1.0	713	$1,400	$1.96	7d	1	1.26mi
6168 Raleigh St Orlando, FL	1.0–4.0	1.0–2.0	1261	$1,829	$1.45	2d	34	1.28mi
1036 Ola Dr Unit 2 Orlando, FL	2.0	1.0	552	$1,195	$2.16	23d	1	1.33mi
1935 S Kirkman Rd Orlando, FL	1.0–3.0	1.0–2.0	1020	$1,725	$1.69	2d	14	1.38mi
3950 Columbia St Orlando, FL	1.0–2.0	1.0–2.0	875	$1,416	$1.62	23d	1	1.41mi
2151 S Ivey Ln Orlando, FL	3.0	1.5	1080	$1,993	$1.85	4d	1	1.41mi
6119 Melbourne Ave Orlando, FL	3.0	2.0	1109	$1,999	$1.80	20d	1	1.44mi
6312 Raleigh St #504 Orlando, FL	2.0	2.0	1029	$1,600	$1.55	21d	1	1.47mi
6316 Raleigh St #414 Orlando, FL	1.0	1.0	991	$1,600	$1.61	20d	1	1.47mi
6416 Raleigh St #2612 Orlando, FL	1.0	1.0	991	$1,450	$1.46	20d	1	1.48mi
6328 Raleigh St #815 Orlando, FL	1.0	1.0	991	$1,600	$1.61	23d	1	1.50mi

Listing history 11 events

1. 2026-04-28
   status Pending
2. 2026-01-29
   price $149,900
3. 2026-01-08
   price $159,900
4. 2025-11-10
   listed $169,900 Active
5. 2023-07-16
   historical
6. 2021-08-30
   soldstatus $150,300
7. 2018-06-21
   soldstatus $40,000 Sold 730-char remark

   Show marketing remark (730 chars)

   MULTIPLE OFFERS- please submit highest and best by Monday at 5pm. Here's your chance to own a home that has numerous possibilities. 100 ft wide lot would have potential to subdivide and sell off. An investor could easily rent this out. Or one could renovate and live in. This over 13,000 sqft lot on dead end street backs up to open pasture allowing for ample privacy. Tough to find this size of lot that backs up to open pasture in this price range. Small shed on property as well. The home is small but usable. As you walk in you'll find the a living room which leads you into the kitchen. Beyond kitchen is dining room and then another living space followed by two bedrooms and bath. Furniture will be removed prior to closing.

8. 2018-05-23
   status Pending 730-char remark

   Show marketing remark (730 chars)

   MULTIPLE OFFERS- please submit highest and best by Monday at 5pm. Here's your chance to own a home that has numerous possibilities. 100 ft wide lot would have potential to subdivide and sell off. An investor could easily rent this out. Or one could renovate and live in. This over 13,000 sqft lot on dead end street backs up to open pasture allowing for ample privacy. Tough to find this size of lot that backs up to open pasture in this price range. Small shed on property as well. The home is small but usable. As you walk in you'll find the a living room which leads you into the kitchen. Beyond kitchen is dining room and then another living space followed by two bedrooms and bath. Furniture will be removed prior to closing.

9. 2018-05-21
   status Active 730-char remark

   Show marketing remark (730 chars)

   MULTIPLE OFFERS- please submit highest and best by Monday at 5pm. Here's your chance to own a home that has numerous possibilities. 100 ft wide lot would have potential to subdivide and sell off. An investor could easily rent this out. Or one could renovate and live in. This over 13,000 sqft lot on dead end street backs up to open pasture allowing for ample privacy. Tough to find this size of lot that backs up to open pasture in this price range. Small shed on property as well. The home is small but usable. As you walk in you'll find the a living room which leads you into the kitchen. Beyond kitchen is dining room and then another living space followed by two bedrooms and bath. Furniture will be removed prior to closing.

10. 2018-05-15
    status Pending 730-char remark

    Show marketing remark (730 chars)

    MULTIPLE OFFERS- please submit highest and best by Monday at 5pm. Here's your chance to own a home that has numerous possibilities. 100 ft wide lot would have potential to subdivide and sell off. An investor could easily rent this out. Or one could renovate and live in. This over 13,000 sqft lot on dead end street backs up to open pasture allowing for ample privacy. Tough to find this size of lot that backs up to open pasture in this price range. Small shed on property as well. The home is small but usable. As you walk in you'll find the a living room which leads you into the kitchen. Beyond kitchen is dining room and then another living space followed by two bedrooms and bath. Furniture will be removed prior to closing.

11. 2018-05-08
    listed $69,000 Active 730-char remark

    Show marketing remark (730 chars)

    MULTIPLE OFFERS- please submit highest and best by Monday at 5pm. Here's your chance to own a home that has numerous possibilities. 100 ft wide lot would have potential to subdivide and sell off. An investor could easily rent this out. Or one could renovate and live in. This over 13,000 sqft lot on dead end street backs up to open pasture allowing for ample privacy. Tough to find this size of lot that backs up to open pasture in this price range. Small shed on property as well. The home is small but usable. As you walk in you'll find the a living room which leads you into the kitchen. Beyond kitchen is dining room and then another living space followed by two bedrooms and bath. Furniture will be removed prior to closing.

ⓘ 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: $1,861 · $155/mo
• Projected year-2 tax: $1,861 · $155/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 6 d/yr ≥108°F today · 18 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: $19,728
• − Mortgage interest: −$8,397
• − Property taxes: −$1,861
• − Insurance: −$750
• − Repairs & maintenance: −$1,578
• − Management: −$1,578
• − Depreciation: −$4,361
• Taxable income: $1,204
• Est. tax owed @ 24.0%: −$289
• After-tax cash flow: $3,253/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): 41,475
• Household income: $54,082
• Rent vs Own: 69.9% rent · 30.1% own
• Severe rent burden: 2728.0

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 0.66)
• Race & ethnicity: Black 50% Hispanic / Latino 27% Two or more races 17% White 12% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 8% Dominican 2%
• Common ancestry: Hispanic 7% Estonian 4% Russian 1%
• Foreign-born: 31% · Canada, Jamaica, China
• Languages at home: 62% English-only · Spanish 21% French/Haitian/Cajun 8% Other Indo-European 6%

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: ▼ -145.37%
• Current HPI: 284.9191
• Rent YoY: ▲ 0.15%
• 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

+117.2% since first listed

11 events — show timeline

• 2026-04-28 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-01-29 Price Changed $149,900 Stellar MLS as Distributed by MLS Grid
• 2026-01-08 Price Changed $159,900 Stellar MLS as Distributed by MLS Grid
• 2025-11-10 Listed $169,900 Stellar MLS as Distributed by MLS Grid
• 2023-07-16 Rental Removed — RENTLY
• 2021-08-30 Sold (Public Records) $150,300 Public Records
• 2018-06-21 Sold (MLS) $40,000 Stellar MLS as Distributed by MLS Grid
• 2018-05-23 Pending — Stellar MLS as Distributed by MLS Grid
• 2018-05-21 Relisted — Stellar MLS as Distributed by MLS Grid
• 2018-05-15 Pending — Stellar MLS as Distributed by MLS Grid
• 2018-05-08 Listed $69,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+15.3%/yr

Latest (2025): $1,861 · +9.5% YoY. Source: county tax records.