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1414 Park Manor Dr Orlando, FL 32825

3 Beds 2 Baths 1,320 sqft Built 1960

$290,000

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $219.70
  • 2 Days on Market
  • MLS # : S5053408
  • Updated Date : 07/13/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,320 sqft
  • Baths : 2 full
Listing Agent

Agent Trust Realty Corporation

Listing Agent's Description

LOCATION LOCATION!!! This Single Family Home is situated in the city center and is accessible to main roads and highways. 3 bedrooms and 2 bathrooms home with a good sized living nd dining area, a separate family room and a galley kitchen. Enjoy the wide backyard great for entertaining or hosting a BBQ party for family or friends!!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Park Manor Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $97k253k

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

Neighborhood: Park Manor Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8861712

* 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
Lawton Chiles Elementary School Primary Regular 692 49 7
Union Park Middle School Middle Regular 873 52 3
University High School High Magnet 3,111 141 5

Lawton Chiles Elementary School

  • Education Level: Primary
  • # of students: 692
  • # of teachers: 49
7
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
 

$261,000$319,000$290,000

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$1,007
Property Tax -$330
Property Insurance -$115
Property Management Fees -$129
CASH FLOW
-$131

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.

$290,000

PROJECTED PRICE

$1,450

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 9.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.01%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$6,628

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,450

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $1,148

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$850
1$8502$1,1003$1,2004$1,4505$1,495
$1,495
RENT COMPS ANALYSIS
  • 1414 Park Manor Dr Orlando, FL 4
    • 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.10
    •  
  • 10377 Smyrna Dr Orlando, FL 1
    • 3 beds 2 baths ∙ 990 Sqft ∙ Built 1980 3 beds 2 baths ∙ 990 Sqft ∙ Built 1980
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $850
    • $0.86
    •  
  • 2132 Rouse Lake Rd Orlando, FL 2
    • 3 beds 2 baths ∙ 1,313 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,313 Sqft ∙ Built 1973
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.84
    •  
  • 939 Scandia Ln Orlando, FL 3
    • 4 beds 2 baths ∙ 1,428 Sqft ∙ Built 1969 4 beds 2 baths ∙ 1,428 Sqft ∙ Built 1969
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.84
    •  
  • 10929 Tangora St Orlando, FL 5
    • 4 beds 2 baths ∙ 1,584 Sqft ∙ Built 1969 4 beds 2 baths ∙ 1,584 Sqft ∙ Built 1969
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.94
    •  
PROPERTY LISTING DETAILS
Luceyda Rodriguez Otero
1.407.301.8394
Agent Trust Realty Corporation
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: S5053408
Last Updated: 07/13/2021
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