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3470 Paisley Cir Orlando, FL 32817

4 Beds 2 Baths 1,737 sqft Built 1987

$290,000

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $166.95
  • 3 Days on Market
  • MLS # : O5933039
  • Updated Date : 03/27/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,737 sqft
  • Baths : 2 full
Listing Agent

Stacey Mckay & Company Llc

Listing Agent's Description

Very spacious 4 bedroom, 2 bath, split plan home in University Woods Subdivision. House is light and bright with separate living room/dining room combo, and family room/kitchen combo with inside laundry room. Enjoy the back yard from your screened in patio overlooking mature trees and landscaping. Close to major highways, schools, shopping, and restaurants.

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: University Woods

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $105k360k

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

Neighborhood: University Woods

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8471911

* 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
Riverdale Elementary School Primary Regular 674 45 3
Union Park Middle School Middle Regular 873 52 3
University High School High Magnet 3,111 141 5

Riverdale Elementary School

  • Education Level: Primary
  • # of students: 674
  • # of teachers: 45
3
GreatSchools Rating

Union Park Middle School

  • Education Level: Middle
  • # of students: 873
  • # of teachers: 52
3
GreatSchools Rating

University High School

  • Education Level: High
  • # of students: 3,111
  • # of teachers: 141
5
GreatSchools Rating
 

$261,000$319,000$290,000

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$1,007
Property Tax -$330
Property Insurance -$140
HOA -$11
Property Management Fees -$129
CASH FLOW
$114

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.

$290,000

PROJECTED PRICE

$1,730

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 8.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.01%
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$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$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

7.08

YEARS SAVED

$24,577

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,820

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,730
1$1,7302$1,8003$1,8004$1,9505$2,000
$2,000
RENT COMPS ANALYSIS
  • 3470 Paisley Cir Orlando, FL 1
    • 4 beds 2 baths ∙ 1,737 Sqft ∙ Built 1987 4 beds 2 baths ∙ 1,737 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $1.00
    •  
  • 10502 Sun Villa Blvd Orlando, FL 2
    • 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 1996
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.03
    •  
  • 3218 Buck Hill Pl Orlando, FL 3
    • 3 beds 2 baths ∙ 1,761 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,761 Sqft ∙ Built 2001
    LEASED 01/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.02
    •  
  • 10715 Cherry Oak Cir Orlando, FL 4
    • 3 beds 3 baths ∙ 1,771 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,771 Sqft ∙ Built 1995
    LEASED 02/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.10
    •  
  • 3034 Buck Hill Pl Orlando, FL 5
    • 4 beds 2 baths ∙ 1,922 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,922 Sqft ∙ Built 2000
    LEASED 03/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.04
    •  
PROPERTY LISTING DETAILS
Theresa Ruth
1.407.587.0074
Stacey Mckay & Company Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5933039
Last Updated: 03/27/2021
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