200 Maitland Ave #55 · Altamonte Springs, FL 32701

$94,900

1 bd · 1.0 ba · 540 sqft · Condo public records · 125 Days on market

Built 1970 $388/mo HOA · 29% of rent

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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 +15.6/30.0
• 1% rule +9.2/10.0
• ARV discount +7.5/15.0
• Schools +5.1/10.0
• DSCR +4.8/10.0
• Livability +4.1/5.0
• Condition / age +2.5/5.0
• Rent growth +2.1/5.0
• Appreciation +0.0/10.0

Listing remarks

Enjoy maintenance-free living in Capistrano Condos, a charming and highly desirable lakefront community on Lake Orienta in the heart of Altamonte Springs. This beautifully maintained first-floor condo is truly move-in ready and perfect for comfortable, carefree living. This property features a new A/C unit, and new appliances will be included. This 1-bedroom, 1-bathroom residence features an open living and dining area, a cozy kitchen, and just a few steps up to a spacious bedroom with generous closet space and a well-appointed bathroom. A standout feature is the private front porch overlooking the community pool, creating a relaxing, tropical atmosphere right at your doorstep. Capistrano i

Key facts

• Lakefront community
• Two swimming pools
• Community pool

Tags

• LAKEFRONT COMMUNITY
• PRIVATE FRONT PORCH
• COMMUNITY POOL
• TWO SWIMMING POOLS
• LARGE CLUBHOUSE
• TENNIS COURTS

Property features AI

Finance

• Other: Unit is unfurnished; Floor number: 1; Total acreage: less than 1/4 acre
• Financial info: Annual taxes listed (not included per instructions); Lease restrictions apply
• HOA & community: Monthly HOA fee of $388.03 (includes grounds maintenance); Association approval required; Community pool; Community tennis courts; Community mailbox; Pets allowed with breed restrictions

Exterior

• Utilities: Public water; Public sewer; Public utilities
• Home design: Condominium; Residential property; One story; Faces east; Entry on first floor
• Construction: Block and stucco construction; Shingle roof; Block foundation; Built as part of a multi-unit building (Building #200)
• Exterior features: Balcony

Interior

• Kitchen: Convection oven; Dishwasher; Microwave; Range hood; Refrigerator; Electric water heater
• Bedrooms: 1 bedroom (first floor)
• Flooring: Laminate; Tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Electric heating; Central air conditioning
• Interior features: Open floor plan; Living room/dining room combo
• Laundry & utility: Community laundry; Outdoor laundry area

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $95k.

Deal economics

• At list price, monthly cash flow is $40 ($475/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $95k).
• Recommended offer: $84k (12.0% below list) — sets the bar for market timing.
• Cap rate 6.8% vs local median 3.4% in Altamonte Springs — 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 82/100 on livability (#62 in FL, #1,095 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: employment C-, crime D+, amenities D-.
• 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: Lake Orienta Elementary School (math 50% / reading 50%, grade D+, #1,070 of 2,144 statewide, top 51%, 620 students, 73% FRL); Lyman High School (math 36% / reading 50%, grade F, #255 of 667 statewide, top 39%, 2,084 students, 53% FRL) — zoned schools average 63% FRL vs 38% district-wide (25 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 46% at this address vs 59% district-wide (-12 pts) — the specific schools serving this property underperform the Seminole average; the district grade overstates school quality for this exact location.
• Market conditions: Rents soft (-1.5%/yr); 200 active listings in the ZIP; 37 comparable units currently listed for rent nearby; rentals at typical pace (median 18d on market — plan ~3-4 weeks tenant-placement turnaround); 1,979 units permitted in Seminole County in 2024 (1,191 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $656 of loan paydown is wiped out by about $3k 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 125 days — a 12% lower offer ($84k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $24k; list at $95k implies a 287% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 29% of rent.
• 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 $83,512 (12.0% below list)

Questions for the listing agent

1. It's been on market 125 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1970 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. 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?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Crime grade is D 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?
8. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
9. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
10. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
11. 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.
12. 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.
13. 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: 1.42% ✓
• Cap rate: 6.79%
• Cash-on-cash: 1.79%
• DSCR: 1.08
• GRM: 5.9

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: -18.5%
• Equity multiple: 0.38×
• Total profit: $-16,551
• Equity at exit: $14,150

10-year hold

• IRR: -24.8%
• Equity multiple: 0.04×
• Total profit: $-25,388
• Equity at exit: $8,205

Cash invested: $26,572 (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 32701

• Home prices YoY: -34.4%
• Rents YoY: -1.5%
• Active inventory: 200
• Price-to-rent: 5.9×

Monthly cashflow live

• Estimated rent: $1,343 high
• Mortgage (P&I): −$498
• Tax from tax record: −$97 /mo · $1,159/yr
• Insurance: −$40
• HOA: −$388
• Vacancy / Maint / Mgmt: −$282
• Net cashflow: $40

Break-even live

Break-even rent $1,293

Max offer price $94,900

Occupancy floor 92%

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: $23,725
• Closing costs: $2,847
• Reserves months: —
• Total cash needed: —

Rent comps 37 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
828 Orienta Ave Altamonte Springs, FL	1.0–2.0	1.0–2.0	845	$1,182	$1.40	22d	30	0.27mi
618 Orange Dr #212 Altamonte Springs, FL	1.0	1.0	607	$1,350	$2.22	2d	1	0.29mi
614 Orange Dr #200 Altamonte Springs, FL	1.0	1.0	633	$1,550	$2.45	5d	1	0.30mi
596 Orange Dr #150 Altamonte Springs, FL	1.0	1.0	581	$1,395	$2.40	24d	1	0.31mi
592 Orange Dr #142 Altamonte Springs, FL	1.0	1.0	633	$1,530	$2.42	24d	1	0.32mi
375 Palm Springs Dr Altamonte Springs, FL	3.0	1.0–2.0	828	$1,363	$1.65	2d	19	0.66mi
390 Lake Placid Ct #303 Altamonte Springs, FL	1.0	1.0	644	$1,350	$2.10	18d	1	0.69mi
300 Lakepointe Dr #204 Altamonte Springs, FL	1.0	1.0	712	$1,225	$1.72	24d	1	0.73mi
385 Woodside Dr #201 Altamonte Springs, FL	1.0	1.0	708	$1,500	$2.12	24d	1	0.74mi
370 Lake Tahoe Ct Altamonte Springs, FL	1.0	1.0	712	$1,295	$1.82	18d	2	0.75mi
375 Lake Ontario Ct Altamonte Springs, FL	1.0	1.0	678	$1,322	$1.95	3d	2	0.77mi
351 Lone Hill Dr #306 Altamonte Springs, FL	1.0	1.0	644	$1,350	$2.10	5d	1	0.78mi
365 Forestway Cir #306 Altamonte Springs, FL	1.0	1.0	644	$1,350	$2.10	15d	1	0.78mi
365 Forestway Cir Altamonte Springs, FL	1.0	1.0	644	$1,325	$2.06	24d	2	0.78mi
1010 Merritt St Altamonte Springs, FL	1.0–2.0	1.0	862	$1,143	$1.33	24d	1	0.79mi
380 Lakepointe Dr #204 Altamonte Springs, FL	1.0	1.0	712	$1,345	$1.89	5d	1	0.80mi
320 Black Oak Ct #207 Altamonte Springs, FL	1.0	1.0	712	$1,350	$1.90	24d	1	0.84mi
465 Forestway Cir #302 Altamonte Springs, FL	1.0	1.0	664	$1,249	$1.88	2d	1	0.87mi
505 One Center Blvd Altamonte Springs, FL	3.0	1.0–2.0	963	$2,285	$2.37	2d	39	0.89mi
525 One Center Blvd Altamonte Springs, FL	1.0–3.0	1.0–2.0	1082	$1,288	$1.19	2d	17	0.98mi
230 Country Walk Pl Altamonte Springs, FL	1.0–3.0	1.0–2.5	1068	$1,297	$1.21	2d	52	1.16mi
700 Altamira Cir Altamonte Springs, FL	1.0–2.0	1.0–2.0	825	$1,226	$1.49	2d	33	1.22mi
136 Blue Point Way #310 Altamonte Springs, FL	1.0	1.0	496	$1,095	$2.21	3d	1	1.22mi
351 Northlake Blvd Altamonte Springs, FL	1.0–2.0	1.0–2.0	837	$1,388	$1.66	2d	26	1.22mi
128 Water Front Way Altamonte Springs, FL	1.0	1.0	496	$1,095	$2.21	12d	1	1.23mi
131 Water Front Way #150 Altamonte Springs, FL	1.0	1.0	496	$1,200	$2.42	3d	1	1.23mi
129 Blue Point Way #150 Altamonte Springs, FL	1.0	1.0	496	$1,175	$2.37	18d	1	1.24mi
122 Water Front Way #170 Altamonte Springs, FL	1.0	1.0	496	$1,300	$2.62	18d	1	1.26mi
123 Blue Point Way #100 Altamonte Springs, FL	1.0	1.0	496	$1,300	$2.62	24d	1	1.27mi
120 Blue Point Way Altamonte Springs, FL	1.0	1.0	496	$1,170	$2.36	20d	2	1.27mi
425 Centerpointe Cir Altamonte Springs, FL	2.0	1.0–2.0	779	$2,450	$3.14	2d	130	1.35mi
325 Wymore Rd Unit 325-106 Altamonte Springs, FL	1.0	1.0	651	$1,000	$1.54	24d	1	1.38mi
486 Centerpointe Cir Altamonte Springs, FL	1.0–3.0	1.0–2.0	1037	$1,816	$1.75	3d	15	1.38mi
285 Wymore Rd Unit 285-104 Altamonte Springs, FL	1.0	1.0	651	$1,100	$1.69	24d	1	1.40mi
315 Wymore Rd Altamonte Springs, FL	1.0	1.0	650	$1,150	$1.77	18d	1	1.40mi
315 Wymore Rd Altamonte Springs, FL	1.0	1.0	650	$1,172	$1.80	24d	2	1.40mi
435 Wymore Rd #207 Altamonte Springs, FL	1.0	1.0	650	$1,300	$2.00	18d	1	1.41mi

HOA detail condo

• Monthly dues: $388 · $4,656/yr
• Likely covers: pool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 21 events

1. 2026-06-18
   days on market $94,900 Active 125 DOM
2. 2026-06-17
   days on market $94,900 Active 124 DOM
3. 2026-06-16
   days on market $94,900 Active 123 DOM
4. 2026-06-15
   days on market $94,900 Active 122 DOM
5. 2026-06-13
   pricedays on market $94,900 Active 120 DOM
6. 2026-06-09
   days on market $99,900 Active 116 DOM
7. 2026-06-08
   days on market $99,900 Active 115 DOM
8. 2026-06-07
   days on market $99,900 Active 114 DOM
9. 2026-06-04
   days on market $99,900 Active 111 DOM
10. 2026-06-03
    days on market $99,900 Active 110 DOM
11. 2026-06-02
    days on market $99,900 Active 109 DOM
12. 2026-06-02
    days on market $99,900 Active 108 DOM
13. 2026-05-31
    days on market $99,900 Active 107 DOM
14. 2026-04-27
    price $99,900
15. 2026-04-20
    price $105,000
16. 2026-04-01
    price $110,000
17. 2026-03-05
    price $115,000
18. 2026-02-17
    price $120,000
19. 2026-02-13
    listed $125,000 Active
20. 2000-01-06
    soldstatus $24,500
21. 1996-08-01
    soldstatus $12,700

ⓘ 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: $1,159 · $97/mo
• Projected year-2 tax: $1,159 · $97/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 ≥108°F today · 23 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: $16,122
• − Mortgage interest: −$5,316
• − Property taxes: −$1,159
• − Insurance: −$474
• − Repairs & maintenance: −$1,290
• − Management: −$1,290
• − HOA: −$4,656
• − Depreciation: −$2,761
• Taxable loss: −$824
• Est. tax savings @ 24.0%: +$198
• After-tax cash flow: $672/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 — Altamonte Springs

• Score: 82/100
• State rank: #62
• US rank: #1095

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Altamonte Springs, FL
• County: Seminole County · 436,154 people
• City population: 62,497
• Metro: Orlando-Kissimmee-Sanford, FL
• Population (ZIP): 24,592
• Household income: $62,198
• Rent vs Own: 49.0% rent · 51.0% own
• Severe rent burden: 1447.0

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: Diverse neighborhood (Simpson 0.67)
• Race & ethnicity: White 46% Hispanic / Latino 28% Black 19% Two or more races 18% Asian 3%
• Hispanic origin (detail): Puerto Rican 16% Cuban 3% Dominican 1%
• Common ancestry: Lithuanian 2% Romanian 2% Slovak 1%
• Foreign-born: 15% · Canada, Jamaica
• Languages at home: 75% English-only · Spanish 19% Other Indo-European 2% Russian/Polish/Slavic 1%

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: ▼ -169.27%
• Current HPI: 323.2703
• Rent YoY: ▼ -1.52%
• 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

+686.6% since first listed

8 events — show timeline

• 2026-04-27 Price Changed $99,900 Stellar MLS as Distributed by MLS Grid
• 2026-04-20 Price Changed $105,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-01 Price Changed $110,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-05 Price Changed $115,000 Stellar MLS as Distributed by MLS Grid
• 2026-02-17 Price Changed $120,000 Stellar MLS as Distributed by MLS Grid
• 2026-02-13 Listed $125,000 Stellar MLS as Distributed by MLS Grid
• 2000-01-06 Sold (Public Records) $24,500 Public Records
• 1996-08-01 Sold (Public Records) $12,700 Public Records

Property tax history

+11.6%/yr

Latest (2025): $1,159 · +3.4% YoY. Source: county tax records.