Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

3231 Burlington Dr Orlando, FL 32837

3 Beds 2 Baths 1,730 sqft Built 1985

$284,990

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $164.73
  • 5 Days on Market
  • MLS # : O5914001
  • Updated Date : 12/31/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,730 sqft
  • Baths : 2 full
Listing Agent

Preferred Real Estate Brokers Ii

Listing Agent's Description

WOW!! Pool Home!!! Super cute Sky Lake South. Convenient to Millenia mall, 417, 528, downtown, turnpike. Great restaurants and much more nearby! This spacious 3 bed 2 bath with plenty of natural light wont last long. This home is awaiting its new owner who wants to relax in the pool on a hot day and entertain friends in the evening over a BBQ and drinks!

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: Sky Lake South

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $69k253k

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

Neighborhood: Sky Lake South

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8631712

* 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
 

$256,491$313,489$284,990

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,051
Property Tax -$319
Property Insurance -$139
HOA -$20
Property Management Fees -$129
CASH FLOW
$82

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.

$284,990

PROJECTED PRICE

$1,740

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 8.4%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$81,272

INVESTMENT

$81,272

Down Payment
$71,248
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,051

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,248
Loan Amount $213,743
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$24,850

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,760

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7403$1,7504$1,7855$1,900
$1,900
RENT COMPS ANALYSIS
  • 3231 Burlington Dr Orlando, FL 2
    • 3 beds 2 baths ∙ 1,730 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,730 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $1.01
    •  
  • 11630 Darlington Dr Orlando, FL 1
    • 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 3
    • 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
    •  
  • 2807 Camomile Dr Orlando, FL 4
    • 3 beds 2 baths ∙ 1,719 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,719 Sqft ∙ Built 1989
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,785
    • $1.04
    •  
  • 11614 Carmody Ct Orlando, FL 5
    • 4 beds 3 baths ∙ 1,864 Sqft ∙ Built 1989 4 beds 3 baths ∙ 1,864 Sqft ∙ Built 1989
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.02
    •  
PROPERTY LISTING DETAILS
Maurice Rogers, Iii
1.978.807.3735
Preferred Real Estate Brokers Ii
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5914001
Last Updated: 12/31/2020
BESbswy