1407 Illinois Ave · St. Cloud, FL 34769

$220,000

5 bd · 2.0 ba · 1,482 sqft · SingleFamily public records · 65 Days on market

Built 1920 6,970 sqft lot Est $273k · 19% under

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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 +28.6/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +7.6/10.0
• Schools +3.6/10.0
• Rent growth +2.8/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Duplex Property, Investment Opportunity – Two-story home converted into a duplex with great income potential. The front unit features 3 bedrooms and 1 bathroom; the rear unit offers 2 bedrooms and 1 bathroom. Each unit has a separate address and individual electric meters. Fully Fenced yard Located close to Saint Cloud High School, Saint Cloud Middle School, and Saint Cloud Elementary – ideal for families or rental prospects. PROPERTY REQUIRES A PARTIAL/FULL RENOVATION. CASH BUYER’S ONLY – NO FINANCING. PRICED TO SELL QUICKLY. Property included 1407 and 1409 Illinois Ave.

Key facts

• 6,970 sq ft lot
• Built 1920
• Listed 64 days

Property features AI

Finance

• Other:
• Financial info: Lease restrictions apply
• HOA & community: No HOA association indicated

Exterior

• Parking:
• Security:
• Utilities: Public water; Public sewer; Cable connected; Water connected
• Home design: Single family residence; Residential property; Two stories; North facing; Entry on main level
• Construction: Wood siding; Metal roof; Crawlspace foundation; Built on 0.16-acre lot (approx. 50 x 144)
• Exterior features: Wood fencing; Asphalt road access

Interior

• Kitchen: Range; Refrigerator; Electric water heater
• Bedrooms: 5 bedrooms
• Flooring: Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating; Mini-split cooling
• Interior features: Open floor plan; Eat-in kitchen; Living room/dining room combo
• Laundry & utility: Washer hookup; Washer; Dryer

What this means for you Summary

Snapshot

• This is a 5-bed/2.0-bath single-family listed at $220k.

Deal economics

• At list price, monthly cash flow is $725 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $220k).
• Recommended offer: $207k (6.0% below list) — sets the bar for market timing.
• Cap rate 10.2% vs local median 4.0% in St. Cloud — 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: area grade B — affects rentability + tenant quality, not the cash-flow math above.
• Osceola (suburban): math 39% / reading 45% proficiency, ranked #60 of 73 in FL (top 82%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 60% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+1.4%/yr); 260 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 16d on market — plan ~3-4 weeks tenant-placement turnaround); 8,813 units permitted in Osceola County in 2024 (3,072 in 5+ unit buildings).
• At $2,781/mo this rent would consume 50% of the median local household income ($67k/yr) (locally 1138% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Osceola County population projected at +73% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 1.4% rent growth), your $62k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 65 days — a 6% lower offer ($207k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $79k (26%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $150k; 47% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $206,800 (6.0% below list)

Questions for the listing agent

1. It's been on market 65 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1920 — 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. 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: 1.26% ✓
• Cap rate: 10.25%
• Cash-on-cash: 14.12%
• DSCR: 1.63
• GRM: 6.6

CMA / ARV

• ARV (on-the-fly): $272,688
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1801 Missouri Ave	0.74mi	4/2.5 (-1)	1,605 (+8%)	1mo	$294,800	$184	44
814 Minnesota Ave	0.69mi	4/2.0 (-1)	1,379 (-7%)	22mo	$200,000	$145	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 · 1.35% rent growth · sell at horizon

5-year hold

• IRR: 2.6%
• Equity multiple: 1.10×
• Total profit: $5,980
• Equity at exit: $32,803

10-year hold

• IRR: 10.5%
• Equity multiple: 1.76×
• Total profit: $46,665
• Equity at exit: $19,022

Cash invested: $61,600 (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 34769

• Home prices YoY: -24.6%
• Rents YoY: 1.4%
• Active inventory: 260
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $2,781 high
• Mortgage (P&I): −$1,154
• Tax from tax record: −$227 /mo · $2,721/yr
• Insurance: −$92
• HOA: −$0
• Vacancy / Maint / Mgmt: −$584
• Net cashflow: $725

Break-even live

Break-even rent $1,863

Max offer price $220,000

Occupancy floor 69%

Sensitivity live

Price	-10% $849	-5% $787	+0% $725	+5% $662	+10% $600
Rent	-10% $505	-5% $615	+0% $725	+5% $835	+10% $944
Rate	-1.0pp $836	-0.5pp $781	base $725	+0.5pp $668	+1.0pp $610

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: $55,000
• Closing costs: $6,600
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
814 Minnesota Ave Saint Cloud, FL	4.0	3.0	1400	$3,000	$2.14	5d	1	0.66mi
2399 Missouri Ave Saint Cloud, FL	4.0	2.0	1651	$2,400	$1.45	25d	1	0.91mi
2405 Bulrush Dr Saint Cloud, FL	4.0	2.0	1759	$2,600	$1.48	16d	1	1.12mi
3031 Dillman Dr Saint Cloud, FL	4.0	2.0	1531	$2,185	$1.43	5d	1	1.32mi
919 Columbia Ave Saint Cloud, FL	4.0	1.0	900	$1,495	$1.66	25d	1	1.44mi

Listing history 27 events

1. 2026-06-21
   days on market $220,000 Active 65 DOM
2. 2026-06-18
   days on market $220,000 Active 62 DOM
3. 2026-06-17
   days on market $220,000 Active 61 DOM
4. 2026-06-16
   days on market $220,000 Active 60 DOM
5. 2026-06-15
   pricedays on market $220,000 Active 59 DOM
6. 2026-06-13
   days on market $230,000 Active 57 DOM
7. 2026-06-13
   days on market $230,000 Active 56 DOM
8. 2026-06-09
   days on market $230,000 Active 53 DOM
9. 2026-06-08
   days on market $230,000 Active 52 DOM
10. 2026-06-07
    days on market $230,000 Active 51 DOM
11. 2026-06-04
    days on market $230,000 Active 48 DOM
12. 2026-06-03
    days on market $230,000 Active 47 DOM
13. 2026-06-02
    days on market $230,000 Active 46 DOM
14. 2026-06-02
    days on market $230,000 Active 45 DOM
15. 2026-05-31
    days on market $230,000 Active 44 DOM
16. 2026-05-18
    price $230,000
17. 2026-05-04
    price $250,000
18. 2026-04-27
    price $275,000
19. 2026-04-27
    price $284,000
20. 2026-04-17
    listed $299,000 Active
21. 2025-11-24
    soldstatus $150,000 Closed 602-char remark

    Show marketing remark (602 chars)

    Duplex Property, Investment Opportunity – Two-story home converted into a duplex with great income potential. The front unit features 3 bedrooms and 1 bathroom; the rear unit offers 2 bedrooms and 1 bathroom. Each unit has a separate address and individual electric meters. Fully Fenced yard Located close to Saint Cloud High School, Saint Cloud Middle School, and Saint Cloud Elementary – ideal for families or rental prospects. PROPERTY REQUIRES A PARTIAL/FULL RENOVATION. CASH BUYER’S ONLY – NO FINANCING. PRICED TO SELL QUICKLY. Property included 1407 and 1409 Illinois Ave.

22. 2025-11-24
    soldstatus $150,000

    Show marketing remark (602 chars)

    Duplex Property, Investment Opportunity – Two-story home converted into a duplex with great income potential. The front unit features 3 bedrooms and 1 bathroom; the rear unit offers 2 bedrooms and 1 bathroom. Each unit has a separate address and individual electric meters. Fully Fenced yard Located close to Saint Cloud High School, Saint Cloud Middle School, and Saint Cloud Elementary – ideal for families or rental prospects. PROPERTY REQUIRES A PARTIAL/FULL RENOVATION. CASH BUYER’S ONLY – NO FINANCING. PRICED TO SELL QUICKLY. Property included 1407 and 1409 Illinois Ave.

23. 2025-10-16
    status Pending 602-char remark

    Show marketing remark (602 chars)

    Duplex Property, Investment Opportunity – Two-story home converted into a duplex with great income potential. The front unit features 3 bedrooms and 1 bathroom; the rear unit offers 2 bedrooms and 1 bathroom. Each unit has a separate address and individual electric meters. Fully Fenced yard Located close to Saint Cloud High School, Saint Cloud Middle School, and Saint Cloud Elementary – ideal for families or rental prospects. PROPERTY REQUIRES A PARTIAL/FULL RENOVATION. CASH BUYER’S ONLY – NO FINANCING. PRICED TO SELL QUICKLY. Property included 1407 and 1409 Illinois Ave.

24. 2025-10-12
    price $179,997 602-char remark

    Show marketing remark (602 chars)

    Duplex Property, Investment Opportunity – Two-story home converted into a duplex with great income potential. The front unit features 3 bedrooms and 1 bathroom; the rear unit offers 2 bedrooms and 1 bathroom. Each unit has a separate address and individual electric meters. Fully Fenced yard Located close to Saint Cloud High School, Saint Cloud Middle School, and Saint Cloud Elementary – ideal for families or rental prospects. PROPERTY REQUIRES A PARTIAL/FULL RENOVATION. CASH BUYER’S ONLY – NO FINANCING. PRICED TO SELL QUICKLY. Property included 1407 and 1409 Illinois Ave.

25. 2025-10-08
    listed $179,998 Active 602-char remark

    Show marketing remark (602 chars)

    Duplex Property, Investment Opportunity – Two-story home converted into a duplex with great income potential. The front unit features 3 bedrooms and 1 bathroom; the rear unit offers 2 bedrooms and 1 bathroom. Each unit has a separate address and individual electric meters. Fully Fenced yard Located close to Saint Cloud High School, Saint Cloud Middle School, and Saint Cloud Elementary – ideal for families or rental prospects. PROPERTY REQUIRES A PARTIAL/FULL RENOVATION. CASH BUYER’S ONLY – NO FINANCING. PRICED TO SELL QUICKLY. Property included 1407 and 1409 Illinois Ave.

26. 1994-05-26
    soldstatus $46,900
27. 1977-05-01
    soldstatus $12,500

ⓘ 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: $2,721 · $227/mo
• Projected year-2 tax: $2,721 · $227/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 3/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥108°F today · 23 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: $33,370
• − Mortgage interest: −$12,323
• − Property taxes: −$2,721
• − Insurance: −$1,100
• − Repairs & maintenance: −$2,670
• − Management: −$2,670
• − Depreciation: −$6,400
• Taxable income: $5,487
• Est. tax owed @ 24.0%: −$1,317
• After-tax cash flow: $7,380/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: Osceola
• NCES district ID: 1201470
• Math proficiency: 39% ▼ -9.00%
• Reading proficiency: 45% ▼ -4.00%
• Median HH income: $45,528
• Composite: 35.7/100
• National rank: #4865
• State rank: #60 of 73 in FL

Livability — St. Cloud

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: St. Cloud, FL
• County: Osceola County · 410,217 people
• City population: 29,247
• Metro: Orlando-Kissimmee-Sanford, FL
• Population (ZIP): 30,204
• Household income: $67,148
• Rent vs Own: 33.1% rent · 66.9% own
• Severe rent burden: 1138.0

Population outlook (Osceola County) Hauer SSP2

• Today (2025): 447,624 people
• By 2030: 511,823 · +14.3%
• By 2040: 642,986 · +43.6%
• By 2050: 774,552 · +73.0%
• By 2075: 1,078,144 · +140.9%
• By 2100: 1,269,660 · +183.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: White 50% Hispanic / Latino 38% Two or more races 17% Black 4%
• Hispanic origin (detail): Mexican 1% Puerto Rican 21% Dominican 5%
• Common ancestry: Romanian 3% Lithuanian 3% Russian 2%
• Foreign-born: 12% · Canada, Jamaica
• Languages at home: 66% English-only · Spanish 31% French/Haitian/Cajun 2% Other Indo-European 1%

Political lean MEDSL · Osceola

• 2024 margin: Toss-up / Even · D 48.7% · R 50.2% · Other 1.1%
• 2008→2024 swing: -21.2pp toward R · 2008: 19.7pp · 2024: -1.4pp
• All cycles: 2024: R+1.4 2020: D+13.8 2016: D+25.0 2012: D+24.5 2008: D+19.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -106.08%
• Current HPI: 324.6715
• Rent YoY: ▲ 1.35%
• 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

+1740.0% since first listed

12 events — show timeline

• 2026-05-18 Price Changed $230,000 Stellar MLS as Distributed by MLS Grid
• 2026-05-04 Price Changed $250,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-27 Price Changed $275,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-27 Price Changed $284,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-17 Listed $299,000 Stellar MLS as Distributed by MLS Grid
• 2025-11-24 Sold (Public Records) $150,000 Public Records
• 2025-11-24 Sold (MLS) $150,000 Stellar MLS as Distributed by MLS Grid
• 2025-10-16 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-10-12 Price Changed $179,997 Stellar MLS as Distributed by MLS Grid
• 2025-10-08 Listed $179,998 Stellar MLS as Distributed by MLS Grid
• 1994-05-26 Sold (Public Records) $46,900 Public Records
• 1977-05-01 Sold (Public Records) $12,500 Public Records

Property tax history

+9.4%/yr

Latest (2025): $2,721 · +7.4% YoY. Source: county tax records.