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PROPERTY INFO
FACTS
- Single Family
- Built In 1991
- Price/Sqft : $147.24
- 3 Days on Market
- MLS # : O5904727
- Updated Date : 11/14/2020 at 00:41
CONSTRUCTION
- Beds : 4
- Floor Size : 2,377 sqft
- Baths : 2 full
Listing Agent
Florida Home Team Realty
Listing Agent's Description
This home is very spacious and in a great location, close to many schools and Barber Park. The roof was replaced in 2004, A/C in 1991, new water heater in 2020 and the exterior was just painted in October 2020. Upon entering, you will notice how bright the formal living room is with two sky lights. Every room has a ceiling fan, custom window treatments and all bedrooms have large walk in closets. The generous Master bedroom features vaulted ceilings, a skylight and large master bathroom with a soaking tub. The kitchen includes all of the appliances with a new custom hood over the cooktop. Just off the kitchen is a nook for casual meals and a nice dining room for more formal dining. Then you will love the oversized back porch and separate screened room with a hot tub that conveys. You will have plenty of room in the three car garage, maybe even set up a workshop! The back yard is like living in the tropics with all of the fruit trees! Mango, papaya, longan, lychee, banana tamarind and moringa trees all bearing fruit! You may never buy fruit at the store again after you taste what you have grown in your own back yard! Call for your showing today, not sure how long this will be on the market! The property has numerous tropical fruit trees.
SEE MORE
- 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.
- 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.
PRICE & RENT TRENDS
Neighborhood: Gatlin Place
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Gatlin Place
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,140 |
| EXPENSES | Loan Payment | -$1,291 |
| Property Tax | -$400 | |
| Property Insurance | -$178 | |
| HOA | -$29 | |
| Property Management Fees | -$193 | |
|
CASH FLOW
$48
|
||
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.
$350,000
PROJECTED PRICE
$2,140
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.21% |
| Appreciation Year (1-5) | 7.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.01% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$98,500
LOAN DETAILS
$1,291
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $87,500 |
| Loan Amount | $262,500 |
4.58
YEARS SAVED
$20,230
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,140
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$2,240
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
-
3526 Gatlin Place Cir Orlando, FL 1
- 4 beds 2 baths ∙ 2,377 Sqft ∙ Built 1991 4 beds 2 baths ∙ 2,377 Sqft ∙ Built 1991
- Rent
- Rent Per SQFT
- $2,140
- $0.90
-
4144 Evander Dr Orlando, FL 2
- 3 beds 2 baths ∙ 2,196 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,196 Sqft ∙ Built 1998
LEASED 08/10/19- Rent
- Rent Per SQFT
- $2,150
- $0.98
-
3420 Herringridge Dr Orlando, FL 3
- 4 beds 3 baths ∙ 2,458 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,458 Sqft ∙ Built 2005
LEASED 05/15/20- Rent
- Rent Per SQFT
- $2,200
- $0.90
-
4843 Lorraine Way Orlando, FL 4
- 4 beds 3 baths ∙ 2,719 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,719 Sqft ∙ Built 1996
LEASED 02/28/20- Rent
- Rent Per SQFT
- $2,335
- $0.86
-
3845 Gatlin Place Cir Orlando, FL 5
- 4 beds 3 baths ∙ 2,389 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,389 Sqft ∙ Built 1991
LEASED 08/28/20- Rent
- Rent Per SQFT
- $2,450
- $1.03
PROPERTY LISTING DETAILS
1.407.948.2933
Florida Home Team Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5904727
Last Updated: 11/14/2020
