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3212 Oranole Rd Orlando, FL 32810

3 Beds 2 Baths 1,129 sqft Built 1973

$269,900

List Price

$1,230

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $239.06
  • 4 Days on Market
  • MLS # : S5046045
  • Updated Date : 02/05/2021 at 19:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,129 sqft
  • Baths : 2 full
Listing Agent

Bhhs Results Realty

Listing Agent's Description

Location Location Location !! You don't have to look any further because your new home awaits! This spacious 3 bedroom, 2 bathroom home offers nearly 1200sq.ft. of freshly renovated spaces with NO HOA. . Upon walking through the living room you'll enjoy the open space & the abundance of natural light with gorgeous laminate floors in all rooms. The dining room is just off of the kitchen & offers plenty of space for a large table; perfect for gatherings. The kitchen is beautifully upgraded with every convenience you can imagine. Gorgeous solid wood Jarlin cabinets complete with soft close drawers/doors, granite counter tops and new appliances. Each of the bedrooms offer plenty of space and the rest rooms have been completely designed and refaced. Out to the rear of the home awaits the backyard oasis offers which offers tons of area to hang out & entertain within a NEwly fenced in yard. ** New DrywAll, Fresh new paint, NEW ROOF. All new Lighting Fixtures, New water heater, House Completely REplumbed, New Fence, New Doors and Hardware, LED CAN lights, New Windows, All new outlet switches, Designer Bathrooms ** Easy access to Orlando International Airport, Disney, Downtown Orlando and all the amenities of the The City Beautiful this makes a great place to call home. Don't hesitate, call TODAY to make this home yours!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Monroe Manor

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $61k253k

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

Neighborhood: Monroe Manor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8041712

* 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
Riverside Elementary School Primary Regular 637 44 2
Lockhart Middle School Middle Regular 814 44 3
Wekiva High School High Regular 2,349 113 4

Riverside Elementary School

  • Education Level: Primary
  • # of students: 637
  • # of teachers: 44
2
GreatSchools Rating

Lockhart Middle School

  • Education Level: Middle
  • # of students: 814
  • # of teachers: 44
3
GreatSchools Rating

Wekiva High School

  • Education Level: High
  • # of students: 2,349
  • # of teachers: 113
4
GreatSchools Rating
 

$242,910$296,890$269,900

PURCHASE PRICE

$1,107$1,353$1,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,230
EXPENSES Loan Payment -$937
Property Tax -$307
Property Insurance -$103
Property Management Fees -$129
CASH FLOW
-$247

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.

$269,900

PROJECTED PRICE

$1,230

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 10.6%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,274

INVESTMENT

$77,274

Down Payment
$67,475
Rehab Estimate
$5,750
Closing Costs
$4,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$937

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,475
Loan Amount $202,425
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$1,236

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,230

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $867

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$795
1$7952$9003$9254$1,0005$1,230
$1,230
RENT COMPS ANALYSIS
  • 3212 Oranole Rd Orlando, FL 5
    • 3 beds 2 baths ∙ 1,129 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,129 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $1,230
    • $1.09
    •  
  • 4016 Castell Dr Orlando, FL 1
    • 3 beds 2 baths ∙ 1,105 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,105 Sqft ∙ Built 1970
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $795
    • $0.72
    •  
  • 3802 Shady Grove Cir Orlando, FL 2
    • 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1984
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $900
    • $0.82
    •  
  • 2902 Calloway Dr Orlando, FL 3
    • 3 beds 2 baths ∙ 1,252 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,252 Sqft ∙ Built 1957
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $925
    • $0.74
    •  
  • 3119 Calloway Dr Orlando, FL 4
    • 3 beds 2 baths ∙ 1,265 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,265 Sqft ∙ Built 1957
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,000
    • $0.79
    •  
PROPERTY LISTING DETAILS
Javin Lopez
1.407.343.8137
Bhhs Results Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: S5046045
Last Updated: 02/05/2021
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