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2741 Bolder Ln Orlando, FL 32812

3 Beds 2 Baths 1,554 sqft Built 1979

INVESTimate

$280,000

List Price

$1,750

$1,575 - $1,925

Rent Est.

$297,864  ( +6.38%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1979
  • Price/Sqft : $180.18
  • 2 Days on Market
  • MLS # : O5887499
  • Updated Date : 08/26/2020 at 02:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,554 sqft
  • Baths : 2 full
Listing Agent

Charles Rutenberg Realty Orlando

Listing Agent's Description

Pool home with three bedrooms and two baths. Make it your own, this partially renovated home provides the opportunity to create your own kitchen and master bath design. Guest bath and 2nd bedroom are completed. Many building materials are included as well. Large corner lot in Brandy Harbor Subdivision with no H.O.A.

SEE MORE

MARKET HIGHLIGHTS

  • 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: Conway

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $105k274k

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

Neighborhood: Conway

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550160016501700Rent in $9811712

* 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
Boone High School High Magnet 2,763 141 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

Boone High School

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

$252,000$308,000$280,000

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$1,033
Property Tax -$380
Property Insurance -$129
Property Management Fees -$158
CASH FLOW
$51

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.

$280,000

PROJECTED PRICE

$1,750

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 6.38%
Maintenance Year (1-5) 8.00%
Vacancy 6.01%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% 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 $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

4.83

YEARS SAVED

$16,703

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $1,760

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7503$1,7884$1,8755$2,000
$2,000
RENT COMPS ANALYSIS
  • 2741 Bolder Ln Orlando, 2
    • 3 beds 2 baths ∙ 1,554 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,554 Sqft ∙ Built 1979
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.13
    •  
  • 3023 Hidalgo Dr Orlando, 1
    • 3 beds 2 baths ∙ 1,521 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,521 Sqft ∙ Built 1959
    property image
    LEASED 04/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.08
    •  
  • 3818 Surrey Dr Orlando, 3
    • 3 beds 2 baths ∙ 1,527 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,527 Sqft ∙ Built 1961
    property image
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,788
    • $1.17
    •  
  • 2633 Waymeyer Dr Orlando, 4
    • 3 beds 3 baths ∙ 1,709 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,709 Sqft ∙ Built 1987
    property image
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $1.10
    •  
  • 3240 Bridgehampton Ln Orlando, 5
    • 4 beds 2 baths ∙ 1,694 Sqft ∙ Built 1983 4 beds 2 baths ∙ 1,694 Sqft ∙ Built 1983
    property image
    LEASED 02/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.18
    •  
PROPERTY LISTING DETAILS
Brannon Meek
1.321.297.6481
Charles Rutenberg Realty Orlando
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5887499
Last Updated: 08/26/2020
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