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

3637 Gatlin Place Cir Orlando, FL 32812

4 Beds 2 Baths 2,385 sqft Built 1994

$425,000

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $178.20
  • 3 Days on Market
  • MLS # : O5930943
  • Updated Date : 03/20/2021 at 10:20
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,385 sqft
  • Baths : 2 full
Listing Agent

Homevest Realty

Listing Agent's Description

Gorgeous 4/2 pool home located in desirable Gatlin Place. Open kitchen features granite countertops and stainless steel appliances. Formal living and dining rooms have high ceilings. Large family room over looks pool area. Sparkling pool in tropical setting. Fenced yard for privacy. Spacious master suite is one side of house and 3 bedrooms on the other side of house. Master bathroom has spacious garden tub with separate shower and dual sinks. Inside laundry room. 2 car garage. Close to all major highways, shopping and restaurants. Pride of ownership is evident. Roof is 2012 * A/C is 2017* Pool resurfaced 2020

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Gatlin Place

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $105k516k

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

Neighborhood: Gatlin Place

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10282171

* 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
Lake George Elementary School Primary Regular 628 41 3
Conway Middle School Middle Regular 999 57 3
Boone High School High Magnet 2,763 141 7

Lake George Elementary School

  • Education Level: Primary
  • # of students: 628
  • # of teachers: 41
3
GreatSchools Rating

Conway Middle School

  • Education Level: Middle
  • # of students: 999
  • # of teachers: 57
3
GreatSchools Rating

Boone High School

  • Education Level: High
  • # of students: 2,763
  • # of teachers: 141
7
GreatSchools Rating
 

$382,500$467,500$425,000

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$1,476
Property Tax -$483
Property Insurance -$179
HOA -$29
Property Management Fees -$129
CASH FLOW
-$336

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.

$425,000

PROJECTED PRICE

$1,960

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$2,793

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,960

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,194

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,960
1$1,9602$2,2003$2,2004$2,3355$2,450
$2,450
RENT COMPS ANALYSIS
  • 3637 Gatlin Place Cir Orlando, FL 1
    • 4 beds 2 baths ∙ 2,385 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,385 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,960
    • $0.82
    •  
  • 3420 Herringridge Dr Orlando, FL 2
    • 4 beds 3 baths ∙ 2,458 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,458 Sqft ∙ Built 2005
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.90
    •  
  • 4993 Heatherstone Pl Orlando, FL 3
    • 4 beds 3 baths ∙ 2,471 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,471 Sqft ∙ Built 1984
    property image
    LEASED 12/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.89
    •  
  • 4843 Lorraine Way Orlando, FL 4
    • 4 beds 3 baths ∙ 2,719 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,719 Sqft ∙ Built 1996
    property image
    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
    property image
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.03
    •  
PROPERTY LISTING DETAILS
Kelly Zannini
1.407.970.6298
Homevest Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5930943
Last Updated: 03/20/2021
BESbswy