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2411 Shortleaf Ct Orlando, FL 32818

4 Beds 2 Baths 1,948 sqft Built 1985

$279,990

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $143.73
  • 7 Days on Market
  • MLS # : O5910426
  • Updated Date : 12/15/2020 at 19:27
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,948 sqft
  • Baths : 2 full
Listing Agent

La Rosa Rty Winter Garden Llc

Listing Agent's Description

A rare and amazing opportunity is awaiting for you in one of the most sought communities in Orlando. Your search is over and welcome home to this immaculate 4bedrooms and 2 full bathrooms and a Bonus Room. Making this home 5 bedrooms in total. This residence features new roof 2018, new AC 2018, Tile throughout and laminate wood flooring in the urge master. All appliances are stainless steel and convey except for washer and dryer.. Amazing gourmet kitchen. Come see for yourself and you will be amazed. NO HOA. Home is sold AS-IS for sellers convenience. Why wait when you can own this magnificent residence for this price. Hurry as this won't last. Home is sold AS-IS. Information entered in the MLS are assumed to be accurate but not guaranteed. Buyers and or their agent are advised to independently verify home square footage, HOA information and any other information that deems important to them. SOLD AS-IS

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MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Gatewood

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $69k253k

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

Neighborhood: Gatewood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8951712

* 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
Cornerstone Charter Academy K-8 Primary Charter 933 52 7
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Cornerstone Charter Academy K-8

  • Education Level: Primary
  • # of students: 933
  • # of teachers: 52
7
GreatSchools Rating

Cornerstone Charter Academy K-8

  • Education Level: Middle
  • # of students: 933
  • # of teachers: 52
7
GreatSchools Rating

Cornerstone Charter Academy High School

  • Education Level: High
  • # of students: 372
  • # of teachers: 21
7
GreatSchools Rating
 

$251,991$307,989$279,990

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$1,033
Property Tax -$318
Property Insurance -$152
Property Management Fees -$129
CASH FLOW
-$153

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.

$279,990

PROJECTED PRICE

$1,480

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 11.3%
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

PROJECTED ANNUAL CASH FLOW

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

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$79,947

INVESTMENT

$79,947

Down Payment
$69,998
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,998
Loan Amount $209,993
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$6,104

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,480

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,446

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,3003$1,4004$1,4505$1,480
$1,480
RENT COMPS ANALYSIS
  • 2411 Shortleaf Ct Orlando, FL 5
    • 4 beds 2 baths ∙ 1,948 Sqft ∙ Built 1985 4 beds 2 baths ∙ 1,948 Sqft ∙ Built 1985
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $0.76
    •  
  • 2823 Saint Clair Ct Orlando, FL 1
    • 4 beds 2 baths ∙ 1,866 Sqft ∙ Built 1986 4 beds 2 baths ∙ 1,866 Sqft ∙ Built 1986
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.64
    •  
  • 7611 Havenford Ct Orlando, FL 2
    • 3 beds 2 baths ∙ 1,623 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,623 Sqft ∙ Built 1986
    property image
    LEASED 11/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.80
    •  
  • 2612 Coventry Ln Ocoee, FL 3
    • 4 beds 2 baths ∙ 1,970 Sqft ∙ Built 1988 4 beds 2 baths ∙ 1,970 Sqft ∙ Built 1988
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.71
    •  
  • 1854 Sepalwood Ct Orlando, FL 4
    • 3 beds 2 baths ∙ 1,777 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,777 Sqft ∙ Built 1973
    property image
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.82
    •  
PROPERTY LISTING DETAILS
Jean Lubin
1.407.668.9744
La Rosa Rty Winter Garden Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5910426
Last Updated: 12/15/2020
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