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4106 Iveyglen Ave Orlando, FL 32826

3 Beds 2 Baths 1,486 sqft Built 1997

$269,990

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $181.69
  • 8 Days on Market
  • MLS # : O5924642
  • Updated Date : 02/22/2021 at 20:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,486 sqft
  • Baths : 2 full
Listing Agent

Agent Trust Realty Corporation

Listing Agent's Description

***MULTIPLE OFFERS*** PLEASE HAVE YOUR HIGHEST AND BEST OFFER REQUESTED BY THURSDAY FEBRUARY 25, 2021 AT 5PM. This is a fantastic home to invest in or make it your beautiful home. Welcome to the desired community of Stonemeade Ph 2 in a nice and quiet neighborhood. CUSTOMIZE the spaces of this beautiful home and enjoy a cozy place around the fireplace in the living room with high ceilings and lots and natural light, a dining room with access to the backyard with space for recreation with friends and family. Location! Location! Location! A perfect start-up home or investment property for the college students is also ideal for anyone who works at UCF as this home is only five minutes from UCF’S main campus, close to shopping, restaurants and highways.

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: Stonemeade

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $105k331k

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

Neighborhood: Stonemeade

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9062089

* 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
East Lake Elementary School Primary Regular 735 48 6
Corner Lake Middle School Middle Regular 1,220 68 3
East River High School High Regular 1,957 96 5

East Lake Elementary School

  • Education Level: Primary
  • # of students: 735
  • # of teachers: 48
6
GreatSchools Rating

Corner Lake Middle School

  • Education Level: Middle
  • # of students: 1,220
  • # of teachers: 68
3
GreatSchools Rating

East River High School

  • Education Level: High
  • # of students: 1,957
  • # of teachers: 96
5
GreatSchools Rating
 

$242,991$296,989$269,990

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$938
Property Tax -$307
Property Insurance -$125
HOA -$43
Property Management Fees -$129
CASH FLOW
$108

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.

$269,990

PROJECTED PRICE

$1,650

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 6.5%
Maintenance Year (1-5) 8.00%
Vacancy 5.99%
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$14k

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$77,297

INVESTMENT

$77,297

Down Payment
$67,498
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$938

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,498
Loan Amount $202,493
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$25,278

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $1,649

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6503$1,7004$1,7145$1,720
$1,720
RENT COMPS ANALYSIS
  • 4106 Iveyglen Ave Orlando, FL 2
    • 3 beds 2 baths ∙ 1,486 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,486 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.11
    •  
  • 4730 Willamette Cir Orlando, FL 1
    • 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 2002
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.08
    •  
  • 3846 Stonefield Dr Orlando, FL 3
    • 3 beds 2 baths ∙ 1,469 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,469 Sqft ∙ Built 2000
    property image
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.16
    •  
  • 3850 Stonefield Dr Orlando, FL 4
    • 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 2000
    property image
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,714
    • $1.06
    •  
  • 4444 Stonefield Dr Orlando, FL 5
    • 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 1998
    property image
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $1.14
    •  
PROPERTY LISTING DETAILS
Maria Camacho
1.202.594.1711
Agent Trust Realty Corporation
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5924642
Last Updated: 02/22/2021
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