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3030 Lazlo Ln Orlando, FL 32837

4 Beds 2 Baths 1,780 sqft Built 2000

$298,750

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $167.84
  • 3 Days on Market
  • MLS # : O5920200
  • Updated Date : 01/30/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,780 sqft
  • Baths : 2 full
Listing Agent

Dtm Realty Llc

Listing Agent's Description

Tenant Occupied until 8/31/2022. Current Rent (Equity to the next owner) is $1600 per month. Nice 4 bedroom 2 bath with no rear neighbors. New Trane A/C and Gas Heating System just installed 1/2021. New Roof to be installed prior to closing . Newer Refrigerator(6/2019),Dishwasher (2/2020),Garbage Disposal (12/2020)Gas Water Heater (9/2019) Relax in the backyard covered and screened patio while enjoying the privacy of no rear neighbors and a wooded view ! Convenient to major roadways,Orlando International Airpot,theme parks, schools and shopping. This is as central as it gets !!! Freezer in the garage is owned by the tenant and does not convey.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Orlando metro employment growth is at 3.5% and predicted to grow at 2.5% in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Crystal Glen

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280k300kPrice in $69k315k

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

Neighborhood: Crystal Glen

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8951968

* 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
Waterbridge Elementary School Primary Regular 1,137 72 5
Freedom Middle School Middle Regular 1,040 58 3
Freedom High School High Regular 3,281 149 6

Waterbridge Elementary School

  • Education Level: Primary
  • # of students: 1,137
  • # of teachers: 72
5
GreatSchools Rating

Freedom Middle School

  • Education Level: Middle
  • # of students: 1,040
  • # of teachers: 58
3
GreatSchools Rating

Freedom High School

  • Education Level: High
  • # of students: 3,281
  • # of teachers: 149
6
GreatSchools Rating
 

$268,875$328,625$298,750

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$1,038
Property Tax -$369
Property Insurance -$142
HOA -$35
Property Management Fees -$129
CASH FLOW
$7

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.

$298,750

PROJECTED PRICE

$1,720

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 7.2%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$84,919

INVESTMENT

$84,919

Down Payment
$74,688
Rehab Estimate
$5,750
Closing Costs
$4,481

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,038

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,688
Loan Amount $224,063
See What Happens When You Reinvest Cash Flow

4.83

YEARS SAVED

$14,490

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,700

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6503$1,7204$1,7505$1,900
$1,900
RENT COMPS ANALYSIS
  • 3030 Lazlo Ln Orlando, FL 3
    • 4 beds 2 baths ∙ 1,780 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,780 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.97
    •  
  • 3051 Woolridge Dr Orlando, FL 1
    • 4 beds 3 baths ∙ 1,892 Sqft ∙ Built 1986 4 beds 3 baths ∙ 1,892 Sqft ∙ Built 1986
    LEASED 01/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.84
    •  
  • 11630 Darlington Dr Orlando, FL 2
    • 3 beds 3 baths ∙ 1,657 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,657 Sqft ∙ Built 1989
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.00
    •  
  • 11238 Crystal Glen Blvd #1 Orlando, FL 4
    • 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 1999
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.01
    •  
  • 11063 Crystal Glen Blvd Orlando, FL 5
    • 4 beds 2 baths ∙ 1,964 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,964 Sqft ∙ Built 2001
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.97
    •  
PROPERTY LISTING DETAILS
Dan Murphy
1.407.492.5111
Dtm Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5920200
Last Updated: 01/30/2021
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