2106 Mo Ho Dr · Orlando, FL 32839

$35,000

2 bd · 2.0 ba · 850 sqft · Other · 23 Days on market

Fair condition

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Why this score? — see what drove the B 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +4.3/5.0
• Schools +4.1/10.0
• Rent growth +2.4/5.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks

Charming 2-bedroom, 1.5 -bath mobile home offering approximately 850 sq ft of living space in a convenient Orlando location. This property features central air conditioning for year-round comfort and a functional layout with great potential to make it your own. Located in a 55+ mobile home park with an HOA, this home offers a peaceful, well-maintained community designed for relaxed living. Residents enjoy access to a community pool, clubhouse, and monthly activities, making it perfect for active seniors looking to stay social and engaged. Situated at 2106 Mo Ho Drive, this property is ideal for buyers seeking an affordable opportunity or investment. With a little TLC, this home can truly sh

Key facts

• Clubhouse
• Community pool
• Listed 22 days

Tags

• CENTRAL AIR CONDITIONING
• COMMUNITY POOL
• CLUBHOUSE

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath other listed at $35k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $825 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $35k).
• Recommended offer: $34k (1.5% below list) — sets the bar for market timing.
• Cap rate 34.6% 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.
• Market conditions: Rents soft (-0.5%/yr); 222 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 23d 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 34% of the median local income ($47k/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 $242 of loan paydown is wiped out by about $1k 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 $10k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 23 days — a 2% lower offer ($34k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: major flood risk; 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 $34,475 (1.5% below list)

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
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. 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.
5. 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.
6. 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: 3.86% ✓
• Cap rate: 34.58%
• Cash-on-cash: 101.03%
• DSCR: 5.50
• GRM: 2.2

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: 98.7%
• Equity multiple: 5.38×
• Total profit: $42,941
• Equity at exit: $5,219

10-year hold

• IRR: —
• Equity multiple: 10.17×
• Total profit: $89,846
• Equity at exit: $3,026

Cash invested: $9,800 (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 32839

• Home prices YoY: -20.1%
• Rents YoY: -0.5%
• Active inventory: 222
• Price-to-rent: 2.2×

Monthly cashflow live

• Estimated rent: $1,351 high
• Mortgage (P&I): −$184
• Tax est. 1.5%: −$44 /mo · $525/yr
• Insurance: −$15
• HOA: −$0
• Vacancy / Maint / Mgmt: −$284
• Net cashflow: $825

Break-even live

Break-even rent $306

Max offer price $35,000

Occupancy floor 34%

Sensitivity live

Price	-10% $849	-5% $837	+0% $825	+5% $813	+10% $801
Rent	-10% $718	-5% $772	+0% $825	+5% $878	+10% $932
Rate	-1.0pp $843	-0.5pp $834	base $825	+0.5pp $816	+1.0pp $807

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: $8,750
• Closing costs: $1,050
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2783 L B McLeod Rd Unit D Orlando, FL	2.0	1.5	992	$1,195	$1.20	24d	1	0.14mi
2789 L B McLeod Rd Unit 2789B Orlando, FL	1.0	1.0	780	$1,100	$1.41	22d	1	0.16mi
2787 L B McLeod Rd Unit D Orlando, FL	2.0	1.0	780	$1,300	$1.67	15d	1	0.18mi
2777 L B McLeod Rd Unit 2777A Orlando, FL	2.0	1.5	992	$1,350	$1.36	3d	1	0.23mi
2777 L B McLeod Rd Unit C Orlando, FL	2.0	1.5	922	$1,150	$1.25	15d	1	0.23mi
2775 L B McLeod Rd Unit B Orlando, FL	2.0	1.5	992	$1,300	$1.31	22d	1	0.25mi
3960 Crayrich Cir Orlando, FL	1.0	2.0	762	$1,150	$1.51	24d	1	0.37mi
3977 Crayrich Cir Unit C-1 Orlando, FL	1.0	1.5	762	$1,210	$1.59	11d	1	0.40mi
3977 Crayrich Cir Orlando, FL	1.0	1.0	762	$1,210	$1.59	8d	1	0.41mi
3914 Crayrich Cir Unit GE Orlando, FL	1.0	1.5	762	$1,200	$1.57	24d	1	0.44mi
1835 Warringwood Dr Orlando, FL	2.0	1.5	762	$1,395	$1.83	22d	1	0.47mi
4010 Dolomite St Unit A6 Orlando, FL	1.0	1.5	762	$1,200	$1.57	15d	1	0.50mi
4028 Billingsgate Rd Orlando, FL	1.0	1.0	670	$1,200	$1.79	8d	1	0.57mi
4308 Lakeway Dr Unit E Orlando, FL	1.0	1.0	642	$1,200	$1.87	24d	1	0.59mi
2622 Lemon Tree Ln Unit 6-K Orlando, FL	2.0	2.0	976	$1,200	$1.23	22d	1	0.62mi
2636 Lemon Tree Ln #2636 Orlando, FL	1.0	1.0	642	$1,050	$1.64	24d	1	0.62mi
3024 Rio Grande Ave Orlando, FL	1.0–3.0	1.0–2.0	1058	$1,290	$1.22	24d	1	0.64mi
4424 S Texas Ave Unit 1-2051-205 Orlando, FL	2.0	2.0	900	$1,750	$1.94	3d	1	0.70mi
4424 S Texas Ave Unit 204 Orlando, FL	2.0	2.0	900	$1,900	$2.11	11d	1	0.70mi
4255 Barwood Dr Orlando, FL	1.0–3.0	1.0–2.5	1071	$1,455	$1.36	5d	1	0.73mi
4405 S Texas Ave Orlando, FL	2.0	2.0	1100	$1,550	$1.41	24d	1	0.74mi
5017 City St #1923 Orlando, FL	1.0	1.0	724	$1,500	$2.07	24d	1	1.00mi
4673 Gardens Park Blvd Orlando, FL	1.0–3.0	1.0–2.0	1109	$2,470	$2.23	2d	16	1.01mi
5028 Park Central Dr #2133 Orlando, FL	1.0	1.0	605	$1,350	$2.23	24d	1	1.02mi
5028 Park Central Dr #2131 Orlando, FL	1.0	1.0	605	$1,290	$2.13	3d	1	1.02mi
2153 Rio Grande Ave Orlando, FL	2.0	1.0	828	$1,400	$1.69	24d	1	1.03mi
2201 Metropolitan Way Orlando, FL	2.0	2.0	874	$1,475	$1.69	3d	1	1.03mi
1717 Holden Ave Orlando, FL	1.0–3.0	1.0–2.5	980	$1,424	$1.45	2d	26	1.06mi
4725 S Texas Ave Apt C Orlando, FL	2.0	2.0	976	$1,249	$1.28	24d	1	1.09mi
4733 S Texas Ave Unit 4733B Orlando, FL	2.0	2.0	976	$1,450	$1.49	22d	1	1.09mi
4703 S Texas Ave Unit A Orlando, FL	1.0	1.0	756	$1,200	$1.59	24d	1	1.09mi
2210 Yankee Pl #334 Orlando, FL	1.0	1.0	535	$1,195	$2.23	15d	1	1.09mi
2210 Yankee Pl #316 Orlando, FL	1.0	1.0	535	$1,375	$2.57	24d	1	1.09mi
4711 S Texas Ave Unit 4711A Orlando, FL	2.0	2.0	976	$1,600	$1.64	24d	1	1.10mi
2203 Yankee Pl #427 Orlando, FL	1.0	1.0	605	$1,325	$2.19	5d	1	1.11mi
4749 S Texas Ave Unit 4749C Orlando, FL	2.0	2.0	976	$1,450	$1.49	24d	1	1.11mi
4807 S Texas Ave Unit 4807D Orlando, FL	1.0	1.0	756	$1,349	$1.78	24d	1	1.12mi
4807 S Texas Ave Unit 4807C Orlando, FL	1.0	1.0	756	$1,599	$2.12	24d	1	1.12mi
4801 S Texas Ave Unit 4801D Orlando, FL	1.0	1.0	756	$1,200	$1.59	24d	1	1.12mi
5124 Park Central Dr Orlando, FL	2.0	2.0	874	$1,648	$1.89	24d	2	1.12mi

Listing history 15 events

1. 2026-06-18
   days on market $35,000 Active 23 DOM
2. 2026-06-17
   days on market $35,000 Active 22 DOM
3. 2026-06-16
   days on market $35,000 Active 21 DOM
4. 2026-06-15
   days on market $35,000 Active 20 DOM
5. 2026-06-13
   days on market $35,000 Active 18 DOM
6. 2026-06-13
   days on market $35,000 Active 17 DOM
7. 2026-06-09
   days on market $35,000 Active 14 DOM
8. 2026-06-08
   days on market $35,000 Active 13 DOM
9. 2026-06-07
   days on market $35,000 Active 12 DOM
10. 2026-06-04
    days on market $35,000 Active 9 DOM
11. 2026-06-03
    days on market $35,000 Active 8 DOM
12. 2026-06-02
    days on market $35,000 Active 7 DOM
13. 2026-06-02
    days on market $35,000 Active 6 DOM
14. 2026-05-31
    days on market $35,000 Active 5 DOM
15. 2026-05-26
    listed $35,000 Active

ⓘ 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 6/10 Major FEMA zone X (unshaded) · 69% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 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 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,207
• − Mortgage interest: −$1,961
• − Property taxes: −$525
• − Insurance: −$175
• − Repairs & maintenance: −$1,297
• − Management: −$1,297
• − Depreciation: −$1,018
• Taxable income: $9,935
• Est. tax owed @ 24.0%: −$2,384
• After-tax cash flow: $7,517/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.

Condition & rehab AI · 1 photo

Fair 45/100 Moderate rehab

This mobile home requires significant repairs and maintenance to improve its condition and increase its resale and rental value.

Repairs flagged

• Major exterior siding — Significant wear and tear
• Major roof — No visible damage, but photos don't show roof
• Major concrete patio — Worn and uneven
• Major interior walls/paint — No visible damage, but photos don't show interior
• Major windows — No visible damage, but photos don't show windows
• Major HVAC/mechanicals — No visible damage, but photos don't show HVAC
• Major landscaping — Overgrown vegetation, unkempt appearance

Value-add opportunities

• Both repair and paint exterior siding — Enhances curb appeal and value
• Both replace roof — Critical for structural integrity and value
• Both repair and resurface concrete patio — Improves functionality and appearance
• Both paint interior walls and trim — Enhances interior aesthetics and value
• Both replace windows — Improves energy efficiency and appearance
• Both replace HVAC system — Ensures year-round comfort and energy efficiency
• Both landscaping and curb appeal — Enhances overall appearance and value

Renovation cost estimate screening

Repair item	Severity	Est. cost
exterior siding · Significant wear and tear	Major	$15,000–50,000
roof · No visible damage, but photos don't show roof	Major	$15,000–50,000
concrete patio · Worn and uneven	Major	$15,000–50,000
interior walls/paint · No visible damage, but photos don't show interior	Major	$15,000–50,000
windows · No visible damage, but photos don't show windows	Major	$15,000–50,000
HVAC/mechanicals · No visible damage, but photos don't show HVAC	Major	$15,000–50,000
landscaping · Overgrown vegetation, unkempt appearance	Major	$15,000–50,000
Total estimated repair cost · 7 items		$105,000–350,000

Value-add ROI direction

• Both repair and paint exterior siding — Enhances curb appeal and value ↑
• Both replace roof — Critical for structural integrity and value ↑
• Both repair and resurface concrete patio — Improves functionality and appearance ↑
• Both paint interior walls and trim — Enhances interior aesthetics and value ↑
• Both replace windows — Improves energy efficiency and appearance ↑
• Both replace HVAC system — Ensures year-round comfort and energy efficiency ↑
• Both landscaping and curb appeal — Enhances overall appearance and value ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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): 53,242
• Household income: $47,313
• Rent vs Own: 75.1% rent · 24.9% own
• Severe rent burden: 5337.0

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 0.69)
• Race & ethnicity: Hispanic / Latino 39% Black 35% Two or more races 17% White 16% Asian 4%
• Hispanic origin (detail): Mexican 5% Puerto Rican 14% Cuban 2% Dominican 3%
• Common ancestry: Hispanic 8% Estonian 1% Lithuanian 1%
• Foreign-born: 30% · Canada, Jamaica, Vietnam
• Languages at home: 51% English-only · Spanish 33% French/Haitian/Cajun 9% Other Indo-European 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: ▼ -89.65%
• Current HPI: 357.4828
• Rent YoY: ▼ -0.50%
• 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

1 event — show timeline

• 2026-05-26 Listed $35,000 FSBO.com