2202 Murdock Blvd · Union Park, FL 32817

$329,900

4 bd · 2.0 ba · 1,213 sqft · SingleFamily public records · 11 Days on market

Built 1973 0.25 ac lot Est $301k · 10% over

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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 +13.4/30.0
• DSCR +4.1/10.0
• Schools +4.1/10.0
• Livability +4.0/5.0
• ARV discount +3.2/15.0
• 1% rule +2.5/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Well-located Orlando home close to UCF, major highways, shopping, dining, and everyday conveniences. The property has already received substantial prep and improvement work, giving the next owner a solid, clean starting point with the freedom to complete final finishes to their own style. Key updates and systems include: • Roof approximately 5 years old • City water • Septic recently serviced and inspected The flexible layout and value-add potential make this home appealing to both owner-occupants and investment-minded buyers. Nearby renovated comparable sales support values in the low to mid $300s, depending on final finishes and updates. This creates a clear path for

Key facts

• Strong rental demand
• City water
• Near ucf

Tags

• PRIME ORLANDO LOCATION
• NEAR UCF
• MAJOR HIGHWAYS
• STRONG RENTAL DEMAND
• ROOF APPROXIMATELY 5 YEARS OLD
• CITY WATER

Property features AI

Finance

• Other: Lot size approximately 0.25 acre
• HOA & community: No HOA/association; Senior community; Pets allowed (up to 100 lbs)

Exterior

• Parking: Attached garage (1 car)
• Utilities: Public water; Septic sewer; Electricity available
• Home design: Single-family residence; Residential property; One story; Faces east; R-1 zoning; Property completed
• Construction: Block construction; Shingle roof; Block foundation; Built on one level
• Exterior features: Storage; Asphalt road access

Interior

• Kitchen: No appliances included
• Bedrooms: 4 bedrooms
• Flooring: Ceramic tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; Solid surface countertops; Thermostat
• Laundry & utility: Laundry in garage

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $330k.

Deal economics

• At list price, monthly cash flow is $9 ($106/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $247k (25.1% below list).
• Recommended offer: $247k (25.1% below list) — sets the bar for 1% rule.
• Cap rate 6.3% vs local median 4.2% in Union Park — 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 79/100 on livability (#153 in FL, #2,308 nationally) — a middle-class / working-renter tenant base. Strengths: housing A+, cost of living A, commute A-; Watch: amenities 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.
• Zoned schools: Riverdale Elementary (math 48% / reading 53%, grade D+, #1,055 of 2,144 statewide, top 50%, 595 students, 71% FRL); University High (math 25% / reading 57%, grade F, #289 of 667 statewide, top 44%, 2,555 students, 45% FRL) — zoned schools at 58% FRL track the district average.
• Market conditions: Rents soft (-0.2%/yr); 151 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals at typical pace (median 23d 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 ($81k/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 $2k of loan paydown is wiped out by about $10k 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

• Only 11 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $77k; list at $330k implies a 327% gain — meaningful room to come down on a strong offer.

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 $247,032 (25.1% below list)

Questions for the listing agent

1. Built in 1973 — 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 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?
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: 0.75% ✗
• Cap rate: 6.33%
• Cash-on-cash: 0.11%
• DSCR: 1.01
• GRM: 11.1

CMA / ARV

• ARV (on-the-fly): $300,824
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2336 Nansen Ave	0.32mi	3/2.0 (-1)	1,205 (-1%)	3mo	$230,000	$191	77
11504 Churchill St	0.15mi	3/2.0 (-1)	1,224 (+1%)	24mo	$150,000	$123	66
2316 Fleet Cir	0.35mi	3/2.0 (-1)	1,129 (-7%)	3mo	$350,000	$310	64
10440 Flowers Ave	0.64mi	3/1.0 (-1)	1,295 (+7%)	3mo	$186,000	$144	47
2338 Vincent Rd	0.36mi	3/2.0 (-1)	1,373 (+13%)	23mo	$339,900	$248	37
11145 Eastwood Dr	0.70mi	3/3.5 (-1)	1,305 (+8%)	12mo	$372,000	$285	33

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: -19.1%
• Equity multiple: 0.35×
• Total profit: $-60,304
• Equity at exit: $49,189

10-year hold

• IRR: -18.2%
• Equity multiple: 0.13×
• Total profit: $-80,454
• Equity at exit: $28,524

Cash invested: $92,372 (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 32817

• Rents YoY: -0.2%
• Active inventory: 151
• Price-to-rent: 11.1×

Monthly cashflow live

• Estimated rent: $2,470 high
• Mortgage (P&I): −$1,730
• Tax from tax record: −$75 /mo · $903/yr
• Insurance: −$137
• HOA: −$0
• Vacancy / Maint / Mgmt: −$519
• Net cashflow: $9

Break-even live

Break-even rent $2,459

Max offer price $329,900

Occupancy floor 95%

Sensitivity live

Price	-10% $196	-5% $102	+0% $9	+5% $-85	+10% $-178
Rent	-10% $-186	-5% $-89	+0% $9	+5% $106	+10% $204
Rate	-1.0pp $175	-0.5pp $93	base $9	+0.5pp $-77	+1.0pp $-164

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: $82,475
• Closing costs: $9,897
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
11500 Judge Ave Orlando, FL	3.0	2.0	1394	$2,595	$1.86	18d	1	0.06mi
10420 Groton St Orlando, FL	3.0	2.0	1200	$2,500	$2.08	24d	1	0.19mi
11501 Bacon St Orlando, FL	3.0	2.0	1112	$1,800	$1.62	22d	1	0.36mi
2211 River Park Cir Orlando, FL	1.0–3.0	1.0–2.0	888	$1,928	$2.17	22d	1	0.52mi
1014 Park Manor Dr Orlando, FL	3.0	2.0	943	$1,800	$1.91	24d	1	0.91mi
2515 Long Meadow Way Orlando, FL	3.0	2.0	1200	$2,315	$1.93	21d	1	1.06mi
10945 Tangora St Orlando, FL	4.0	2.0	1353	$2,225	$1.64	24d	1	1.17mi
9524 Buxton Ct Orlando, FL	4.0	2.0	1476	$2,560	$1.73	22d	1	1.27mi
861 Blackgum Ct Orlando, FL	3.0	2.0	1280	$2,450	$1.91	8d	1	1.30mi
9619 Bandelier Dr Orlando, FL	3.0	2.0	1494	$2,365	$1.58	2d	1	1.35mi
2550 N Alafaya Trl Orlando, FL	1.0–3.0	1.0–2.0	870	$1,800	$2.07	8d	4	1.44mi

Listing history 7 events

1. 2026-06-01
   status $329,900 Pending 11 DOM
2. 2026-05-31
   days on market $329,900 Active 11 DOM
3. 2026-05-20
   listed $329,900 Active
4. 2000-02-23
   soldstatus $77,300
5. 1990-07-01
   soldstatus $63,000
6. 1976-06-01
   soldstatus $26,000
7. 1973-06-01
   soldstatus $23,100

ⓘ 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: $903 · $75/mo
• Projected year-2 tax: $2,738 · $228/mo
• Expected delta: +$1,836/yr (+$153/mo · 203.4%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 9/10 Extreme 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 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $29,644
• − Mortgage interest: −$18,480
• − Property taxes: −$903
• − Insurance: −$1,650
• − Repairs & maintenance: −$2,372
• − Management: −$2,372
• − Depreciation: −$9,597
• Taxable loss: −$5,728
• Est. tax savings @ 24.0%: +$1,375
• After-tax cash flow: $1,481/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 — Union Park

• Score: 79/100
• State rank: #153
• US rank: #2308

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Union Park, FL
• County: Orange County · 1,471,359 people
• Metro: Orlando-Kissimmee-Sanford, FL
• Population (ZIP): 37,014
• Household income: $80,711
• Rent vs Own: 43.5% rent · 56.5% own
• Severe rent burden: 1798.0

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: White 46% Hispanic / Latino 34% Two or more races 19% Black 10% Asian 7%
• Hispanic origin (detail): Mexican 2% Puerto Rican 19% Cuban 3% Dominican 3%
• Common ancestry: Lithuanian 2% Romanian 2% Italian 1%
• Foreign-born: 15% · Canada, Vietnam, Jamaica
• Languages at home: 70% English-only · Spanish 22% Other Indo-European 2% 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: ▼ -205.62%
• Current HPI: 321.7755
• Rent YoY: ▼ -0.17%
• 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

+1328.1% since first listed

5 events — show timeline

• 2026-05-20 Listed $329,900 Stellar MLS as Distributed by MLS Grid
• 2000-02-23 Sold (Public Records) $77,300 Public Records
• 1990-07-01 Sold (Public Records) $63,000 Public Records
• 1976-06-01 Sold (Public Records) $26,000 Public Records
• 1973-06-01 Sold (Public Records) $23,100 Public Records

Property tax history

+2.2%/yr

Latest (2025): $903 · +14.1% YoY. Source: county tax records.