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3713 E Kaley Ave Orlando, FL 32812

4 Beds 2 Baths 1,633 sqft Built 1960

$324,900

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $198.96
  • 3 Days on Market
  • MLS # : O5905365
  • Updated Date : 11/13/2020 at 15:38
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,633 sqft
  • Baths : 2 full
Listing Agent

Keller Williams At The Parks

Listing Agent's Description

Welcome in this lovely 4 BED / 2 FULL BATH, single story home, nestled in a quiet neighborhood located near DOWNTOWN Orlando. Wood laminate floors greet you as you enter into your living area with tons of natural light. The large kitchen offers plenty of cabinet space and GRANITE countertops. Separate dining room overlooking the backyard area. Large Family room features a cozy wood burning fireplace, perfect for entertaining family and friends! The convenient Large utility / laundry room is adjacent to the kitchen area. Master bedroom with an en-suite updated bathroom. Screen-in porch has new ceiling fans and insulated roof. Storage shed and small older outdoor workshop with power and AC. Additional features of this home include newer double pane windows and newer A/C system. Conveniently located near, shops, restaurants, Hour Glass Eateries and SODO shopping district. Come see what this beautiful home has to offer, it will not last long so schedule your showing today!

SEE MORE

MARKET HIGHLIGHTS

  • 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: Agnes Heights

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $69k258k

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

Neighborhood: Agnes Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8951712

* 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
Boone High School High Magnet 2,763 141 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

Boone High School

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

$292,410$357,390$324,900

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$1,199
Property Tax -$370
Property Insurance -$134
Property Management Fees -$140
CASH FLOW
-$282

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.

$324,900

PROJECTED PRICE

$1,560

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 9.7%
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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,849

INVESTMENT

$91,849

Down Payment
$81,225
Rehab Estimate
$5,750
Closing Costs
$4,874

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,225
Loan Amount $243,675
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$932

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,621

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5603$1,6504$1,6755$1,699
$1,699
RENT COMPS ANALYSIS
  • 3713 E Kaley Ave Orlando, FL 2
    • 4 beds 2 baths ∙ 1,633 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,633 Sqft ∙ Built 1960
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.96
    •  
  • 4980 Cedar Bay St Orlando, FL 1
    • 4 beds 3 baths ∙ 1,711 Sqft ∙ Built 1966 4 beds 3 baths ∙ 1,711 Sqft ∙ Built 1966
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.91
    •  
  • 1202 Berwyn Rd Orlando, FL 3
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1957
    property image
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.03
    •  
  • 3300 Clemwood Dr Orlando, FL 4
    • 3 beds 2 baths ∙ 1,698 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,698 Sqft ∙ Built 1961
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.99
    •  
  • 4629 Arcie St Orlando, FL 5
    • 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 1959
    property image
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $1.04
    •  
PROPERTY LISTING DETAILS
Marc George
1.407.992.5808
Keller Williams At The Parks
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5905365
Last Updated: 11/13/2020
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