2519 Hiawatha Ave · Sanford, FL 32773

$199,900

4 bd · 2.5 ba · 2,572 sqft · SingleFamily public records · 53 Days on market

Built 1947 0.70 ac lot ↓ 17% since listing

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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 +25.6/30.0
• DSCR +8.5/10.0
• ARV discount +7.5/15.0
• 1% rule +6.9/10.0
• Schools +5.1/10.0
• Livability +3.7/5.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Dream home or investor deal available in the heart of Sanford, Florida, just outside of downtown. This Mid-Century modern, ranch style home provides living space for a big family and room for more with a detached in-law suite. The other outbuilding was used a bomb shelter, however it's solid structure and block exterior can be utilized for many other things, just bring your imagination! Sauna? Steam room? Wine Cellar? For the savvier investor, the listing sits on an oversized lot with the possibility of splitting into two to potentially four separate parcels, zoning could potentially allow commercial use (verify with the county/city). This house is severely fire damaged so buyers will be looking at a complete remodel at the very least. Buyer must verify all measurement. Motivated seller. Great investment.

Key facts

• 0.7 acre lot
• Built 1947
• Listed 53 days

Property features AI

Finance

• Other: Property zoning: SR1; Total lot size about 0.7 acres (1/2 to less than 1); Unfurnished; No CDD indicated
• HOA & community: No HOA association indicated; Pets allowed

Exterior

• Utilities: Public water; Public sewer; Other utilities
• Home design: Single family residence; One-story; Faces west
• Construction: Block construction; Shingle roof; Slab foundation; Built area approximately 2,932 (public records)
• Exterior features: Other exterior features; Paved road access; Lot dimensions approximately 180 x 130

Interior

• Bedrooms: 5 bedrooms
• Flooring: Other flooring
• Bathrooms: 2 full bathrooms; 2 half bathrooms
• Heating & cooling: No heating specified; No cooling specified
• Interior features: Other interior features
• Laundry & utility: No laundry features specified

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $471 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $200k).
• Recommended offer: $194k (3.0% below list) — sets the bar for market timing.
• Cap rate 9.1% vs local median 3.6% in Sanford — 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 73/100 on livability (#316 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: employment C-, crime F, amenities F.
• Seminole (suburban): math 57% / reading 61% proficiency, ranked #13 of 73 in FL (top 18%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Wicklow Elementary School (math 31% / reading 31%, grade F, #1,854 of 2,144 statewide, top 87%, 654 students, 83% FRL); Seminole High School (math 35% / reading 51%, grade F, #255 of 667 statewide, top 39%, 4,036 students, 53% FRL) — zoned schools average 68% FRL vs 38% district-wide (30 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 37% at this address vs 59% district-wide (-22 pts) — the specific schools serving this property underperform the Seminole average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising (+1.4%/yr); 286 active listings in the ZIP; 1,979 units permitted in Seminole County in 2024 (1,191 in 5+ unit buildings).
• This rent runs 40% of the median local income ($70k/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 $6k of value loss. Plan a longer hold.
• Seminole County population projected at +24% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 53 days — a 3% lower offer ($194k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 9y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: built in 1947 — expect roof / HVAC / electrical / plumbing capex.
• 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 $193,903 (3.0% below list)

Questions for the listing agent

1. It's been on market 53 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1947 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
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: 1.19% ✓
• Cap rate: 9.12%
• Cash-on-cash: 10.11%
• DSCR: 1.45
• GRM: 7.0

CMA / ARV

• ARV (on-the-fly): $421,808
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
758 Osceola Dr	0.30mi	4/2.0	2,414 (-6%)	13mo	$395,000	$164	63

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 · 1.45% rent growth · sell at horizon

5-year hold

• IRR: -2.9%
• Equity multiple: 0.89×
• Total profit: $-5,956
• Equity at exit: $29,806

10-year hold

• IRR: 5.0%
• Equity multiple: 1.34×
• Total profit: $19,194
• Equity at exit: $17,284

Cash invested: $55,972 (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 32773

• Home prices YoY: -27.8%
• Rents YoY: 1.4%
• Active inventory: 286
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $2,370 medium
• Mortgage (P&I): −$1,048
• Tax from tax record: −$270 /mo · $3,235/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$498
• Net cashflow: $471

Break-even live

Break-even rent $1,774

Max offer price $199,900

Occupancy floor 75%

Sensitivity live

Price	-10% $585	-5% $528	+0% $471	+5% $415	+10% $358
Rent	-10% $284	-5% $378	+0% $471	+5% $565	+10% $659
Rate	-1.0pp $572	-0.5pp $522	base $471	+0.5pp $420	+1.0pp $367

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: $49,975
• Closing costs: $5,997
• Reserves months: —
• Total cash needed: —

Listing history 31 events

1. 2026-06-18
   days on market $199,900 Active 53 DOM
2. 2026-06-17
   days on market $199,900 Active 52 DOM
3. 2026-06-16
   days on market $199,900 Active 51 DOM
4. 2026-06-15
   days on market $199,900 Active 50 DOM
5. 2026-06-13
   days on market $199,900 Active 48 DOM
6. 2026-06-09
   days on market $199,900 Active 44 DOM
7. 2026-06-08
   days on market $199,900 Active 43 DOM
8. 2026-06-07
   days on market $199,900 Active 42 DOM
9. 2026-06-04
   days on market $199,900 Active 39 DOM
10. 2026-06-03
    days on market $199,900 Active 38 DOM
11. 2026-06-02
    days on market $199,900 Active 37 DOM
12. 2026-06-01
    days on market $199,900 Active 36 DOM
13. 2026-05-31
    days on market $199,900 Active 35 DOM
14. 2026-04-26
    listed $199,900 Active
15. 2023-08-16
    soldstatus $220,000
16. 2023-08-15
    soldstatus $220,000 Closed 816-char remark

    Show marketing remark (228 chars)

    Investor opportunity. The house on the parcel has significant fire damage and needs to be completely rebuilt or demolished. If demolished the parcel can be split into four separate lots. Buyer to verify with the city of Sanford.

17. 2023-08-15
    soldstatus $220,000 Closed 228-char remark

    Show marketing remark (228 chars)

    Investor opportunity. The house on the parcel has significant fire damage and needs to be completely rebuilt or demolished. If demolished the parcel can be split into four separate lots. Buyer to verify with the city of Sanford.

18. 2023-06-29
    status Pending 228-char remark

    Show marketing remark (816 chars)

    Dream home or investor deal available in the heart of Sanford, Florida, just outside of downtown. This Mid-Century modern, ranch style home provides living space for a big family and room for more with a detached in-law suite. The other outbuilding was used a bomb shelter, however it's solid structure and block exterior can be utilized for many other things, just bring your imagination! Sauna? Steam room? Wine Cellar? For the savvier investor, the listing sits on an oversized lot with the possibility of splitting into two to potentially four separate parcels, zoning could potentially allow commercial use (verify with the county/city). This house is severely fire damaged so buyers will be looking at a complete remodel at the very least. Buyer must verify all measurement. Motivated seller. Great investment.

19. 2023-06-29
    status Pending 816-char remark

    Show marketing remark (816 chars)

    Dream home or investor deal available in the heart of Sanford, Florida, just outside of downtown. This Mid-Century modern, ranch style home provides living space for a big family and room for more with a detached in-law suite. The other outbuilding was used a bomb shelter, however it's solid structure and block exterior can be utilized for many other things, just bring your imagination! Sauna? Steam room? Wine Cellar? For the savvier investor, the listing sits on an oversized lot with the possibility of splitting into two to potentially four separate parcels, zoning could potentially allow commercial use (verify with the county/city). This house is severely fire damaged so buyers will be looking at a complete remodel at the very least. Buyer must verify all measurement. Motivated seller. Great investment.

20. 2023-05-15
    price $229,000 228-char remark

    Show marketing remark (816 chars)

    Dream home or investor deal available in the heart of Sanford, Florida, just outside of downtown. This Mid-Century modern, ranch style home provides living space for a big family and room for more with a detached in-law suite. The other outbuilding was used a bomb shelter, however it's solid structure and block exterior can be utilized for many other things, just bring your imagination! Sauna? Steam room? Wine Cellar? For the savvier investor, the listing sits on an oversized lot with the possibility of splitting into two to potentially four separate parcels, zoning could potentially allow commercial use (verify with the county/city). This house is severely fire damaged so buyers will be looking at a complete remodel at the very least. Buyer must verify all measurement. Motivated seller. Great investment.

21. 2023-05-15
    price $229,000 816-char remark

    Show marketing remark (816 chars)

    Dream home or investor deal available in the heart of Sanford, Florida, just outside of downtown. This Mid-Century modern, ranch style home provides living space for a big family and room for more with a detached in-law suite. The other outbuilding was used a bomb shelter, however it's solid structure and block exterior can be utilized for many other things, just bring your imagination! Sauna? Steam room? Wine Cellar? For the savvier investor, the listing sits on an oversized lot with the possibility of splitting into two to potentially four separate parcels, zoning could potentially allow commercial use (verify with the county/city). This house is severely fire damaged so buyers will be looking at a complete remodel at the very least. Buyer must verify all measurement. Motivated seller. Great investment.

22. 2023-04-17
    listed $269,000 Active 228-char remark

    Show marketing remark (228 chars)

    Investor opportunity. The house on the parcel has significant fire damage and needs to be completely rebuilt or demolished. If demolished the parcel can be split into four separate lots. Buyer to verify with the city of Sanford.

23. 2023-04-13
    listed $269,000 Active 816-char remark

    Show marketing remark (816 chars)

    Dream home or investor deal available in the heart of Sanford, Florida, just outside of downtown. This Mid-Century modern, ranch style home provides living space for a big family and room for more with a detached in-law suite. The other outbuilding was used a bomb shelter, however it's solid structure and block exterior can be utilized for many other things, just bring your imagination! Sauna? Steam room? Wine Cellar? For the savvier investor, the listing sits on an oversized lot with the possibility of splitting into two to potentially four separate parcels, zoning could potentially allow commercial use (verify with the county/city). This house is severely fire damaged so buyers will be looking at a complete remodel at the very least. Buyer must verify all measurement. Motivated seller. Great investment.

24. 2023-03-03
    soldstatus $110,000
25. 2018-03-28
    soldstatus $210,000
26. 2018-03-21
    soldstatus $210,000 Sold
27. 2018-03-19
    status Pending
28. 2018-03-10
    status Active
29. 2018-01-10
    status Pending
30. 2017-11-29
    price $229,900
31. 2017-10-28
    listed $239,900 Active

ⓘ 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: $3,235 · $270/mo
• Projected year-2 tax: $3,235 · $270/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 9/10 Extreme 7 d/yr ≥107°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 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $28,445
• − Mortgage interest: −$11,198
• − Property taxes: −$3,235
• − Insurance: −$1,000
• − Repairs & maintenance: −$2,276
• − Management: −$2,276
• − Depreciation: −$5,815
• Taxable income: $2,647
• Est. tax owed @ 24.0%: −$635
• After-tax cash flow: $5,023/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: Seminole
• NCES district ID: 1201710
• Math proficiency: 57% ▼ -7.00%
• Reading proficiency: 61% ▼ -1.00%
• Median HH income: $58,478
• Composite: 51.05/100
• National rank: #1769
• State rank: #13 of 73 in FL

Livability — Sanford

• Score: 73/100
• State rank: #316
• US rank: #5359

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Sanford, FL
• County: Seminole County · 436,154 people
• City population: 96,638
• Metro: Orlando-Kissimmee-Sanford, FL
• Population (ZIP): 34,032
• Household income: $70,442
• Rent vs Own: 42.2% rent · 57.8% own
• Severe rent burden: 1516.0

Population outlook (Seminole County) Hauer SSP2

• Today (2025): 515,494 people
• By 2030: 545,713 · +5.9%
• By 2040: 598,068 · +16.0%
• By 2050: 640,663 · +24.3%
• By 2075: 724,461 · +40.5%
• By 2100: 755,530 · +46.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.70)
• Race & ethnicity: White 43% Hispanic / Latino 26% Black 20% Two or more races 16% Asian 7%
• Hispanic origin (detail): Mexican 3% Puerto Rican 12% Cuban 2% Dominican 2%
• Common ancestry: Romanian 2% Slovak 1% Hispanic 1%
• Foreign-born: 17% · Canada, Vietnam, Jamaica
• Languages at home: 72% English-only · Spanish 21% Vietnamese 3% Other Indo-European 2%

Political lean MEDSL · Seminole

• 2024 margin: Toss-up / Even · D 47.6% · R 51.1% · Other 1.3%
• 2008→2024 swing: -0.8pp no change · 2008: -2.8pp · 2024: -3.5pp
• All cycles: 2024: R+3.5 2020: D+2.8 2016: R+1.6 2012: R+6.5 2008: R+2.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -126.55%
• Current HPI: 328.5485
• Rent YoY: ▲ 1.45%
• 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

-16.7% since first listed

18 events — show timeline

• 2026-04-26 Listed $199,900 Stellar MLS as Distributed by MLS Grid
• 2023-08-16 Sold (Public Records) $220,000 Public Records
• 2023-08-15 Sold (MLS) $220,000 Stellar MLS as Distributed by MLS Grid
• 2023-08-15 Sold (MLS) $220,000 Stellar MLS as Distributed by MLS Grid
• 2023-06-29 Pending — Stellar MLS as Distributed by MLS Grid
• 2023-06-29 Pending — Stellar MLS as Distributed by MLS Grid
• 2023-05-15 Price Changed $229,000 Stellar MLS as Distributed by MLS Grid
• 2023-05-15 Price Changed $229,000 Stellar MLS as Distributed by MLS Grid
• 2023-04-17 Listed $269,000 Stellar MLS as Distributed by MLS Grid
• 2023-04-13 Listed $269,000 Stellar MLS as Distributed by MLS Grid
• 2023-03-03 Sold (Public Records) $110,000 Public Records
• 2018-03-28 Sold (Public Records) $210,000 Public Records
• 2018-03-21 Sold (MLS) $210,000 Stellar MLS as Distributed by MLS Grid
• 2018-03-19 Pending — Stellar MLS as Distributed by MLS Grid
• 2018-03-10 Relisted — Stellar MLS as Distributed by MLS Grid
• 2018-01-10 Pending — Stellar MLS as Distributed by MLS Grid
• 2017-11-29 Price Changed $229,900 Stellar MLS as Distributed by MLS Grid
• 2017-10-28 Listed $239,900 Stellar MLS as Distributed by MLS Grid

Property tax history

+9.6%/yr

Latest (2025): $3,235 · +3.2% YoY. Source: county tax records.