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3616 Falling Leaf Ln Orlando, FL 32810

3 Beds 2 Baths 1,255 sqft Built 1983

$225,000

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $179.28
  • 3 Days on Market
  • MLS # : O5923579
  • Updated Date : 02/19/2021 at 20:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,255 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

You will fall in love with this property the moment you walk in and take in all the tasteful updates and soaring ceilings in the main living areas. The kitchen features a large center island, a plethora of gorgeous wood cabinets, beautiful light fixtures, and a huge Elkay double sink. All the bedrooms have engineered wood floors. The bathrooms have been updated as well with neutral tile, low flow toilets, and wood vanities. There is NO CARPET anywhere. One of secondary bedrooms (currently used as the mancave) has an additional mini split AC system to keep that room REALLY COOL. The screened in covered porch is the perfect place to relax and enjoy your private, fenced in yard. You have no rear neighbors here! All appliances included. This move in ready property is ready for you!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Shady Grove

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $65k253k

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

Neighborhood: Shady Grove

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8871712

* 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
 

$202,500$247,500$225,000

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$782
Property Tax -$256
Property Insurance -$111
Property Management Fees -$129
CASH FLOW
$113

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.

$225,000

PROJECTED PRICE

$1,390

PROJECTED RENT

0.62%

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

PROJECTED ANNUAL CASH FLOW

11530$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$782

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$20,760

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,390

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $1,133

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$900
1$9002$1,3003$1,3504$1,3505$1,390
$1,390
RENT COMPS ANALYSIS
  • 3616 Falling Leaf Ln Orlando, FL 5
    • 3 beds 2 baths ∙ 1,255 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,255 Sqft ∙ Built 1983
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $1.11
    •  
  • 3802 Shady Grove Cir Orlando, FL 1
    • 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1984
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $900
    • $0.82
    •  
  • 6818 Massa Ct #2 Orlando, FL 2
    • 3 beds 2 baths ∙ 1,340 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,340 Sqft ∙ Built 1981
    property image
    LEASED 03/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.97
    •  
  • 3108 Calumet Dr Orlando, FL 3
    • 3 beds 2 baths ∙ 1,596 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,596 Sqft ∙ Built 1972
    property image
    LEASED 09/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.85
    •  
  • 3645 Falling Leaf Ln Orlando, FL 4
    • 3 beds 2 baths ∙ 1,392 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,392 Sqft ∙ Built 1984
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.97
    •  
PROPERTY LISTING DETAILS
Shanna Jadooram
1.407.810.5055
Coldwell Banker Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5923579
Last Updated: 02/19/2021
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