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1045 Lejay St Orlando, FL 32825

3 Beds 2 Baths 1,056 sqft Built 1997

$245,000

List Price

$1,130

$1K - $1.2K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $232.01
  • 3 Days on Market
  • MLS # : O5919021
  • Updated Date : 01/29/2021 at 21:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,056 sqft
  • Baths : 2 full
Listing Agent

Realty World Preferred

Listing Agent's Description

This gorgeous 3-bedroom, 2-bath, 1056 sq. ft. single-family home is a MUST SEE! Move-in ready and located on the east side of Orlando, it features exciting interior updates like a newly renovated kitchen (white cabinets, granite countertops, GE stainless steel appliances), tile floors throughout, and is freshly painted. Not only is the interior remodeled, but this worry-free home has a modern Rheem AC (less than 3-years-old), plus a new roof (replaced in 2016.) Along with a contemporary, open floor plan in the living and kitchen area, this home has the benefit of private rooms for the whole family! Along with the three large bedrooms, it also features a huge 30x12 fully enclosed, temperature-controlled Florida room with window unit AC, perfect for a rec-room, man cave or additional office space. The main bedroom is spacious enough for a king bed and features a walk-in closet and private, en-suite bathroom with a full-sized shower. The two guest bedrooms have tiled floors, reach-in closets, and are large enough to fit queen sized beds. They’re also private enough for use as an office, if you’re looking for work-from-home space. Located on the east side of Orlando, with easy access to the 417, 408 and Route 50, it’s minutes from UCF, Valencia, and the Orlando International Airport. It’s also close to numerous shopping centers and restaurants. Owner will consider selling the house furnished if you're interested. This one will go fast. Schedule your showing today!

SEE MORE

MARKET HIGHLIGHTS

  • Orlando metro contributes to 13.8% of Florida state economy i.e. Gross State Product (USMayors.org, 2018)
  • Orlando metro has 64.8% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • Orlando ranks 7th in U.S. for economic growth (Milken Instutute/ Orlando Sentinel, 2018)
  • Major employers in Orlando market: Walt Disney World Resort; Advent Health; Universal Orlando Resort; Orange County Public Schools; University of Central Florida; Lockheed Martin; and Darden Restaurants.
  • Space coast area has attracted $1.4 billion in capital investments over the past 6-years and generated 1,800 new jobs in 2017 (WSJ, 2017)
  • Florida state ranks 4th most favorable in the country in State Business Tax Climate Index (Tax Foundation, 2019). Orlando inherits the same rank being part of Florida.
  • Orlando metro's economy is worth $141 billion in Gross Metro Product and projected to grow to $149 billion in 2019 (USMayors.org, 2018)
  • Together Walt Disney World Resort and Universal Orlando Resort employ 96,000 people and drive tourism (Orlando Economic Partnership)
  • Orlando metro employment growth is at 3.5% and predicted to grow at 2.5% in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Valencia Greens

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $69k253k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Valencia Greens

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7981712

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Union Park Elementary School Primary Regular 488 33 3
Union Park Middle School Middle Regular 873 52 3
University High School High Magnet 3,111 141 5

Union Park Elementary School

  • Education Level: Primary
  • # of students: 488
  • # of teachers: 33
3
GreatSchools Rating

Union Park Middle School

  • Education Level: Middle
  • # of students: 873
  • # of teachers: 52
3
GreatSchools Rating

University High School

  • Education Level: High
  • # of students: 3,111
  • # of teachers: 141
5
GreatSchools Rating
 

$220,500$269,500$245,000

PURCHASE PRICE

$1,017$1,243$1,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,130
EXPENSES Loan Payment -$851
Property Tax -$279
Property Insurance -$99
HOA -$12
Property Management Fees -$129
CASH FLOW
-$240

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$245,000

PROJECTED PRICE

$1,130

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 8.0%
Maintenance Year (1-5) 8.00%
Vacancy 5.82%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,675

INVESTMENT

$70,675

Down Payment
$61,250
Rehab Estimate
$5,750
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$851

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $61,250
Loan Amount $183,750
See What Happens When You Reinvest Cash Flow

0.83

YEARS SAVED

$795

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,130

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $887

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$950
1$9502$9503$1,0754$1,1005$1,130
$1,130
RENT COMPS ANALYSIS
  • 1045 Lejay St Orlando, FL 5
    • 3 beds 2 baths ∙ 1,056 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,056 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,130
    • $1.07
    •  
  • 9387 Dubois Blvd Orlando, FL 1
    • 3 beds 2 baths ∙ 1,152 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,152 Sqft ∙ Built 1994
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $950
    • $0.82
    •  
  • 8714 Foley Dr Orlando, FL 2
    • 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 1995
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $950
    • $0.78
    •  
  • 9286 Spring Vale Dr Orlando, FL 3
    • 3 beds 2 baths ∙ 1,208 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,208 Sqft ∙ Built 1987
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,075
    • $0.89
    •  
  • 10207 Rondell Ct Orlando, FL 4
    • 3 beds 2 baths ∙ 1,264 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,264 Sqft ∙ Built 1998
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.87
    •  
PROPERTY LISTING DETAILS
Chris Ostarello
1.321.277.6715
Realty World Preferred
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5919021
Last Updated: 01/29/2021
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