2771 L B Mcleod Rd Unit C · Orlando, FL 32805

$99,900

2 bd · 1.5 ba · 992 sqft · Condo · 298 Days on market

Built 1973 $430/mo HOA · 33% of rent

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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 +9.1/30.0
• 1% rule +8.2/10.0
• ARV discount +7.5/15.0
• Livability +4.3/5.0
• Schools +4.1/10.0
• Rent growth +2.9/5.0
• DSCR +2.5/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

LEASE OPTION AVAILABLE!!!! UNIT LOCATED IN THE CATALINA ISLES CONDOMINIUM. UNIT WAS RENOVATED 2-3 YEARS AGO. 2 BEDROOMS/1.5 BATHROOMS AND 992 SQFT. CALL WITH ANY QUESTIONS.

Key facts

• Renovated
• $430 HOA
• Community pool

Tags

• RENOVATED
• CATALINA ISLES CONDOMINIUM

Property features AI

Finance

• Other: Property type: Residential condominium; Zoning: R-3B
• Financial info: Lease restrictions apply
• HOA & community: Monthly HOA dues of $430 covering pool and other amenities; Association manages laundry facility; Association approval required; Association: COLOMBO MANAGEMENT GROUP; Pets not allowed; Total annual association fees $5,160

Exterior

• Parking: Asphalt and concrete road access
• Utilities: Public water; Public sewer (and other sewer); Other utilities
• Home design: Condominium; Top left unit on second floor; Faces south; 2-story building; Entry level: One
• Construction: Block, stucco and other construction materials; Shingle and other roof types; Slab foundation; Built with building number 2771
• Exterior features: Balcony; Sliding doors; Sidewalk; Other exterior features

Interior

• Kitchen: Other appliances
• Bedrooms: 2 bedrooms
• Flooring: Ceramic tile; Laminate; Wood; Other flooring
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Other interior features
• Laundry & utility: No in-unit laundry; Laundry available through association

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath condo listed at $100k.

Deal economics

• At list price, monthly cash flow is $-77 ($-924/yr) — negative.
• To cash-flow at today's rent, offer at most $89k (11.1% below list).
• Meets the 1% rule at list price ($1k rent vs $100k).
• Recommended offer: $88k (12.0% below list) — sets the bar for market timing.
• Cap rate 5.4% 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 rising (+1.4%/yr); 140 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 8,053 units permitted in Orange County in 2024 (3,133 in 5+ unit buildings).
• This rent runs 39% of the median local income ($41k/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 $691 of loan paydown is wiped out by about $3k 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 298 days — a 12% lower offer ($88k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 7y ago; this cycle's ask is 11% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $47k; list at $100k implies a 112% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 33% of rent.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $87,912 (12.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 298 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
3. Built in 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. 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?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. 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?
9. 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?
10. 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.
11. 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.
12. 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: 5.37%
• Cash-on-cash: -3.30%
• DSCR: 0.85
• GRM: 6.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 1.42% rent growth · sell at horizon

5-year hold

• IRR: -24.5%
• Equity multiple: 0.18×
• Total profit: $-22,873
• Equity at exit: $14,895

10-year hold

• IRR: -28.8%
• Equity multiple: -0.19×
• Total profit: $-33,292
• Equity at exit: $8,638

Cash invested: $27,972 (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 32805

• Home prices YoY: -7.6%
• Rents YoY: 1.4%
• Active inventory: 140
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $1,321 high
• Mortgage (P&I): −$524
• Tax est. 1.5%: −$125 /mo · $1,498/yr
• Insurance: −$42
• HOA: −$430
• Vacancy / Maint / Mgmt: −$277
• Net cashflow: $-77

Break-even live

Break-even rent $1,418

Max offer price $88,763

Occupancy floor —

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: $24,975
• Closing costs: $2,997
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2775 L B McLeod Rd Unit B Orlando, FL	2.0	1.5	992	$1,300	$1.31	21d	1	0.03mi
2777 L B McLeod Rd Unit C Orlando, FL	2.0	1.5	922	$1,150	$1.25	14d	1	0.05mi
2777 L B McLeod Rd Unit 2777A Orlando, FL	2.0	1.5	992	$1,350	$1.36	2d	1	0.05mi
2787 L B McLeod Rd Unit D Orlando, FL	2.0	1.0	780	$1,300	$1.67	14d	1	0.10mi
2789 L B McLeod Rd Unit 2789B Orlando, FL	1.0	1.0	780	$1,100	$1.41	21d	1	0.12mi
2783 L B McLeod Rd Unit D Orlando, FL	2.0	1.5	992	$1,195	$1.20	23d	1	0.14mi
3024 Rio Grande Ave Orlando, FL	1.0–3.0	1.0–2.0	1058	$1,290	$1.22	23d	1	0.61mi
3960 Crayrich Cir Orlando, FL	1.0	2.0	762	$1,150	$1.51	23d	1	0.62mi
3977 Crayrich Cir Unit C-1 Orlando, FL	1.0	1.5	762	$1,210	$1.59	10d	1	0.64mi
3977 Crayrich Cir Orlando, FL	1.0	1.0	762	$1,210	$1.59	7d	1	0.65mi
3914 Crayrich Cir Unit GE Orlando, FL	1.0	1.5	762	$1,200	$1.57	23d	1	0.68mi
1835 Warringwood Dr Orlando, FL	2.0	1.5	762	$1,395	$1.83	21d	1	0.74mi
4010 Dolomite St Unit A6 Orlando, FL	1.0	1.5	762	$1,200	$1.57	14d	1	0.76mi
4028 Billingsgate Rd Orlando, FL	1.0	1.0	670	$1,200	$1.79	7d	1	0.80mi
2153 Rio Grande Ave Orlando, FL	2.0	1.0	828	$1,400	$1.69	23d	1	0.84mi
4308 Lakeway Dr Unit E Orlando, FL	1.0	1.0	642	$1,200	$1.87	23d	1	0.86mi
2622 Lemon Tree Ln Unit 6-K Orlando, FL	2.0	2.0	976	$1,200	$1.23	21d	1	0.89mi
2636 Lemon Tree Ln #2636 Orlando, FL	1.0	1.0	642	$1,050	$1.64	23d	1	0.89mi
4255 Barwood Dr Orlando, FL	1.0–3.0	1.0–2.5	1071	$1,455	$1.36	4d	1	0.94mi
4424 S Texas Ave Unit 1-2051-205 Orlando, FL	2.0	2.0	900	$1,750	$1.94	2d	1	0.96mi
4424 S Texas Ave Unit 204 Orlando, FL	2.0	2.0	900	$1,900	$2.11	10d	1	0.96mi
4405 S Texas Ave Orlando, FL	2.0	2.0	1100	$1,550	$1.41	23d	1	0.99mi
3810 Thompson St Orlando, FL	2.0	1.0	900	$1,500	$1.67	2d	1	1.02mi
1401 19th St Orlando, FL	3.0	1.0	1100	$1,800	$1.64	23d	1	1.02mi
1019 26th St Orlando, FL	2.0	1.0	720	$1,500	$2.08	23d	1	1.12mi
1610 S Orange Blossom Trl Unit 42 Orlando, FL	2.0	1.0	800	$1,000	$1.25	23d	1	1.22mi
1610 S Orange Blossom Trl Unit 46 Orlando, FL	1.0	1.0	600	$850	$1.42	23d	1	1.22mi
1610 S Orange Blossom Trl Unit 53 Orlando, FL	2.0	1.0	800	$950	$1.19	23d	1	1.22mi
1610 S Orange Blossom Trl Orlando, FL	1.0–2.0	1.0	700	$1,000	$1.43	16d	5	1.22mi
4673 Gardens Park Blvd Orlando, FL	1.0–3.0	1.0–2.0	1109	$2,470	$2.23	1d	16	1.23mi
3950 Columbia St Orlando, FL	1.0–2.0	1.0–2.0	875	$1,416	$1.62	23d	1	1.26mi
5017 City St #1923 Orlando, FL	1.0	1.0	724	$1,500	$2.07	23d	1	1.27mi
5028 Park Central Dr #2131 Orlando, FL	1.0	1.0	605	$1,290	$2.13	2d	1	1.29mi
5028 Park Central Dr #2133 Orlando, FL	1.0	1.0	605	$1,350	$2.23	23d	1	1.29mi
2201 Metropolitan Way Orlando, FL	2.0	2.0	874	$1,475	$1.69	2d	1	1.30mi
1717 Holden Ave Orlando, FL	1.0–3.0	1.0–2.5	980	$1,424	$1.45	1d	26	1.31mi
904 24th St Orlando, FL	3.0	2.0	1088	$1,800	$1.65	20d	1	1.31mi
4725 S Texas Ave Apt C Orlando, FL	2.0	2.0	976	$1,249	$1.28	23d	1	1.35mi
4733 S Texas Ave Unit 4733B Orlando, FL	2.0	2.0	976	$1,450	$1.49	21d	1	1.35mi
4703 S Texas Ave Unit A Orlando, FL	1.0	1.0	756	$1,200	$1.59	23d	1	1.36mi

HOA detail condo

• Monthly dues: $430 · $5,160/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 33 events

1. 2026-06-18
   days on market $99,900 Active 298 DOM
2. 2026-06-17
   days on market $99,900 Active 297 DOM
3. 2026-06-16
   days on market $99,900 Active 296 DOM
4. 2026-06-15
   days on market $99,900 Active 295 DOM
5. 2026-06-13
   days on market $99,900 Active 293 DOM
6. 2026-06-13
   days on market $99,900 Active 292 DOM
7. 2026-06-09
   days on market $99,900 Active 289 DOM
8. 2026-06-08
   days on market $99,900 Active 288 DOM
9. 2026-06-07
   days on market $99,900 Active 287 DOM
10. 2026-06-04
    days on market $99,900 Active 284 DOM
11. 2026-06-03
    days on market $99,900 Active 283 DOM
12. 2026-06-02
    days on market $99,900 Active 282 DOM
13. 2026-06-02
    days on market $99,900 Active 281 DOM
14. 2026-05-31
    days on market $99,900 Active 280 DOM
15. 2026-01-06
    status Active
16. 2025-12-31
    historical
17. 2025-08-19
    price $99,900
18. 2025-08-18
    listed $89,900 Active
19. 2025-04-08
    historical
20. 2025-01-13
    price $104,900
21. 2024-10-07
    listed $105,000 Active
22. 2023-04-21
    historical
23. 2023-04-18
    status Active
24. 2023-04-11
    status Pending
25. 2023-04-04
    price $89,900
26. 2023-02-21
    listed $99,900 Active
27. 2021-03-19
    historical
28. 2021-03-11
    listed $79,900 Active
29. 2021-01-15
    historical
30. 2021-01-11
    listed $69,900 Active
31. 2019-12-31
    soldstatus $47,025 Sold
32. 2019-10-31
    status Pending
33. 2019-10-15
    listed $39,900 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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥108°F today · 24 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: $15,849
• − Mortgage interest: −$5,596
• − Property taxes: −$1,498
• − Insurance: −$500
• − Repairs & maintenance: −$1,268
• − Management: −$1,268
• − HOA: −$5,160
• − Depreciation: −$2,906
• Taxable loss: −$2,347
• Est. tax savings @ 24.0%: +$563
• After-tax cash flow: $-360/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

• Census place: Orlando, FL
• County: Orange County · 1,471,359 people
• City population: 964,969
• Metro: Orlando-Kissimmee-Sanford, FL
• Population (ZIP): 19,294
• Household income: $40,515
• Rent vs Own: 56.8% rent · 43.2% own
• Severe rent burden: 1597.0

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: Predominantly Black (70%)
• Race & ethnicity: Black 70% Hispanic / Latino 15% White 13% Two or more races 8%
• Hispanic origin (detail): Mexican 3% Puerto Rican 4% Cuban 1% Dominican 3%
• Common ancestry: Hispanic 9% Russian 1%
• Foreign-born: 16% · Canada, Jamaica
• Languages at home: 80% English-only · Spanish 11% French/Haitian/Cajun 8%

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: ▼ -35.19%
• Current HPI: 429.3242
• Rent YoY: ▲ 1.42%
• 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

+150.4% since first listed

19 events — show timeline

• 2026-01-06 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-12-31 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-08-19 Price Changed $99,900 Stellar MLS as Distributed by MLS Grid
• 2025-08-18 Listed $89,900 Stellar MLS as Distributed by MLS Grid
• 2025-04-08 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-01-13 Price Changed $104,900 Stellar MLS as Distributed by MLS Grid
• 2024-10-07 Listed $105,000 Stellar MLS as Distributed by MLS Grid
• 2023-04-21 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2023-04-18 Relisted — Stellar MLS as Distributed by MLS Grid
• 2023-04-11 Pending — Stellar MLS as Distributed by MLS Grid
• 2023-04-04 Price Changed $89,900 Stellar MLS as Distributed by MLS Grid
• 2023-02-21 Listed $99,900 Stellar MLS as Distributed by MLS Grid
• 2021-03-19 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2021-03-11 Listed $79,900 Stellar MLS as Distributed by MLS Grid
• 2021-01-15 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2021-01-11 Listed $69,900 Stellar MLS as Distributed by MLS Grid
• 2019-12-31 Sold (MLS) $47,025 Stellar MLS as Distributed by MLS Grid
• 2019-10-31 Pending — Stellar MLS as Distributed by MLS Grid
• 2019-10-15 Listed $39,900 Stellar MLS as Distributed by MLS Grid