Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
1102 Baltimore Dr 
Orlando, FL
32810
3 Beds 2 Baths 1,538 sqft
Built 1960
INVESTimate
$259,995
List Price
$74,649
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Built In 1960
- Price/Sqft : $169.05
- 2 Days on Market
- MLS # : O5887684
- Updated Date : 08/26/2020 at 02:31
CONSTRUCTION
- Beds : 3
- Floor Size : 1,538 sqft
- Baths : 2 full
Listing Agent
Charles Rutenberg Realty Orlando
Listing Agent's Description
Incredible!!! COMPLETELY REMODELED BRIGHT and AIRY 3 bedroom 2 bath! Nestled in a very calm community, this home boasts a screened lanai, Florida room calm beautiful back yard, and mature landscaping which you’ll find you can easily accommodate your family and guests. Inside you will find an OPEN flowing floor plan, tons of upgrades with big ticket items such as New AC & New Ducting, Granite, New Cabinets, New Appliances, New Flooring, New Doors, New Lighting, New Redesigned Bathrooms, Moen Fixtures and much more, that NO ONE HAS EVER USED! What else can you ask for? This home will please even the most discerning buyer!
SEE MORE
- Orlando metro employment growth is at 3.5% and predicted to grow at 2.5% in 2019 (USMayors.org, 2018)
- 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)
PRICE & RENT TRENDS
Neighborhood: Kingswood Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Kingswood Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,500 |
| EXPENSES | Loan Payment | -$959 |
| Property Tax | -$296 | |
| Property Insurance | -$128 | |
| Property Management Fees | -$135 | |
|
CASH FLOW
-$18
|
||
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.
$259,995
PROJECTED PRICE
$1,500
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.01% |
| Appreciation Year (1-5) | 9.20% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.82% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$74,649
LOAN DETAILS
$959
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $64,999 |
| Loan Amount | $194,996 |
3.58
YEARS SAVED
$10,205
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,500
LIST RENT -
$0.98
LIST RENT PER SQFT
-
$1,277
COMP ESTIMATED VALUE -
$0.83
COMP AVG. RENT PER SQFT
Comps Range
-
1102 Baltimore Dr Orlando, 4
- 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 1960
- Rent
- Rent Per SQFT
- $1,500
- $0.98
-
933 Hanover Ave Winter Park, 1
- 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 1956
LEASED 02/12/20- Rent
- Rent Per SQFT
- $995
- $0.80
-
18 Eaton St Eatonville, 2
- 4 beds 2 baths ∙ 1,635 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,635 Sqft ∙ Built 1964
LEASED 11/26/19- Rent
- Rent Per SQFT
- $1,195
- $0.73
-
1502 Leeway Ave Orlando, 3
- 3 beds 2 baths ∙ 1,535 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,535 Sqft ∙ Built 1963
LEASED 12/30/19- Rent
- Rent Per SQFT
- $1,450
- $0.94
-
1709 Baltimore Dr Orlando, 5
- 3 beds 2 baths ∙ 1,815 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,815 Sqft ∙ Built 1965
LEASED 08/07/19- Rent
- Rent Per SQFT
- $1,550
- $0.85
PROPERTY LISTING DETAILS
1.407.864.1745
Charles Rutenberg Realty Orlando
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5887684
Last Updated: 08/26/2020
