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1631 Gadsen Blvd Orlando, FL 32812

3 Beds 2 Baths 1,202 sqft Built 2000

$308,999

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $257.07
  • 2 Days on Market
  • MLS # : O5957445
  • Updated Date : 07/12/2021 at 17:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,202 sqft
  • Baths : 2 full
Listing Agent

Re/max Legacy

Listing Agent's Description

Come see this three bedrooms and two baths cozy well maintained freshly painted property inside and out, ceramic tile throughout, also a large fenced backyard, septic tank recently maintained, two car garage floor freshly done. Driveway just redone as well as landscaping. Great location with walking distance to shopping and restaurants! Convenient to Public Transportation and about 15 Minutes from Orlando International Airport. Contact your agent ASAP, check it out today!!

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: Dixie Belle

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $69k253k

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

Neighborhood: Dixie Belle

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8331712

* 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
Dover Shores Elementary School Primary Regular 611 42 5
Stonewall Jackson Middle School Middle Magnet 1,292 70 2
Boone High School High Magnet 2,763 141 7

Dover Shores Elementary School

  • Education Level: Primary
  • # of students: 611
  • # of teachers: 42
5
GreatSchools Rating

Stonewall Jackson Middle School

  • Education Level: Middle
  • # of students: 1,292
  • # of teachers: 70
2
GreatSchools Rating

Boone High School

  • Education Level: High
  • # of students: 2,763
  • # of teachers: 141
7
GreatSchools Rating
 

$278,099$339,899$308,999

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$1,073
Property Tax -$384
Property Insurance -$108
Property Management Fees -$129
CASH FLOW
-$254

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.

$308,999

PROJECTED PRICE

$1,440

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 12.4%
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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,635

INVESTMENT

$87,635

Down Payment
$77,250
Rehab Estimate
$5,750
Closing Costs
$4,635

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,073

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,250
Loan Amount $231,749
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$1,871

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,440

    LIST RENT
  • $1.2

    LIST RENT PER SQFT
  • $1,301

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4403$1,4504$1,5005$1,500
$1,500
RENT COMPS ANALYSIS
  • 1631 Gadsen Blvd Orlando, FL 2
    • 3 beds 2 baths ∙ 1,202 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,202 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,440
    • $1.20
    •  
  • 137 Dahlia Village Cir #44 Orlando, FL 1
    • 3 beds 2 baths ∙ 1,374 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,374 Sqft ∙ Built 1997
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.02
    •  
  • 147 Dahlia Village Cir Orlando, FL 3
    • 3 beds 2 baths ∙ 1,366 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,366 Sqft ∙ Built 1997
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.06
    •  
  • 5550 E Michigan St #2330 Orlando, FL 4
    • 3 beds 2 baths ∙ 1,292 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,292 Sqft ∙ Built 2005
    LEASED 03/30/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.16
    •  
  • 125 Dahlia Village Cir #38 Orlando, FL 5
    • 3 beds 2 baths ∙ 1,374 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,374 Sqft ∙ Built 1997
    LEASED 05/24/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.09
    •  
PROPERTY LISTING DETAILS
Soby Castillo Figueroa, Pa
1.407.402.4808
Re/max Legacy
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5957445
Last Updated: 07/12/2021
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