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411 N Hart Blvd Orlando, FL 32835

3 Beds 1 Baths 1,122 sqft Built 1960

$162,000

List Price

$1,230

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $144.39
  • 3 Days on Market
  • MLS # : O5905866
  • Updated Date : 11/14/2020 at 13:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,122 sqft
  • Baths : 1 full
Listing Agent

Century 21 Carioti

Listing Agent's Description

A Great Starter Home in a great community with great schools, this home has 3 bed 1 bath, and it has another room that can be used as a 4th bedroom with a half bath, and a big screen in patio, a big yard, close to everything! New roof and Ac in 2015

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: Crescent Hill

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240kPrice in $44k253k

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

Neighborhood: Crescent Hill

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7191712

* 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
Cornerstone Charter Academy High School High Charter 372 21 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

Cornerstone Charter Academy High School

  • Education Level: High
  • # of students: 372
  • # of teachers: 21
7
GreatSchools Rating
 

$145,800$178,200$162,000

PURCHASE PRICE

$1,107$1,353$1,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,230
EXPENSES Loan Payment -$598
Property Tax -$182
Property Insurance -$103
Property Management Fees -$111
CASH FLOW
$237

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.

$162,000

PROJECTED PRICE

$1,230

PROJECTED RENT

0.76%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 5.6%
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$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$48,680

INVESTMENT

$48,680

Down Payment
$40,500
Rehab Estimate
$5,750
Closing Costs
$2,430

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$598

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $40,500
Loan Amount $121,500
See What Happens When You Reinvest Cash Flow

11.25

YEARS SAVED

$32,437

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,230

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $1,251

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$1,050
1$1,0502$1,2303$1,2754$1,4505$1,450
$1,450
RENT COMPS ANALYSIS
  • 411 N Hart Blvd Orlando, FL 2
    • 3 beds 1 baths ∙ 1,122 Sqft ∙ Built 1960 3 beds 1 baths ∙ 1,122 Sqft ∙ Built 1960
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,230
    • $1.10
    •  
  • 6203 Melbourne Ave Orlando, FL 1
    • 3 beds 2 baths ∙ 978 Sqft ∙ Built 1960 3 beds 2 baths ∙ 978 Sqft ∙ Built 1960
    property image
    LEASED 01/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $1.07
    •  
  • 362 S Observatory Dr Orlando, FL 3
    • 3 beds 2 baths ∙ 1,112 Sqft ∙ Built 1940 3 beds 2 baths ∙ 1,112 Sqft ∙ Built 1940
    property image
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $1.15
    •  
  • 1406 Charles St Orlando, FL 4
    • 3 beds 2 baths ∙ 1,273 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,273 Sqft ∙ Built 1959
    property image
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.14
    •  
  • 1542 Hudson Ct Orlando, FL 5
    • 3 beds 2 baths ∙ 1,317 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,317 Sqft ∙ Built 1956
    property image
    LEASED 12/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.10
    •  
PROPERTY LISTING DETAILS
Faneeza Mohamed
1.321.438.7843
Century 21 Carioti
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5905866
Last Updated: 11/14/2020
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