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

4118 Kirkland Blvd Orlando, FL 32811

3 Beds 1 Baths 1,020 sqft Built 1962

$165,000

List Price

$1,110

$999 - $1.2K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1962
  • Price/Sqft : $161.76
  • 5 Days on Market
  • MLS # : S5042349
  • Updated Date : 11/12/2020 at 09:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,020 sqft
  • Baths : 1 full
Listing Agent

Barto Real Estate Llc

Listing Agent's Description

This home is ready for a new owner. Move in Ready. Easy access to schools, shopping ,Restaurants, main roads , highways and Orlando attractions. Call today for more information and to schedule a private showing.

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: Richmond Heights

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240kPrice in $48k253k

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

Neighborhood: Richmond Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7421712

* 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
 

$148,500$181,500$165,000

PURCHASE PRICE

$999$1,221$1,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,110
EXPENSES Loan Payment -$609
Property Tax -$208
Property Insurance -$97
Property Management Fees -$100
CASH FLOW
$96

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.

$165,000

PROJECTED PRICE

$1,110

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 5.9%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$49,475

INVESTMENT

$49,475

Down Payment
$41,250
Rehab Estimate
$5,750
Closing Costs
$2,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$609

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $41,250
Loan Amount $123,750
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$15,423

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,110

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $1,160

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$1,110
1$1,1102$1,1503$1,2004$1,3255$1,400
$1,400
RENT COMPS ANALYSIS
  • 4118 Kirkland Blvd Orlando, FL 1
    • 3 beds 1 baths ∙ 1,020 Sqft ∙ Built 1962 3 beds 1 baths ∙ 1,020 Sqft ∙ Built 1962
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,110
    • $1.09
    •  
  • 2183 Patterson Ave #2 Orlando, FL 2
    • 3 beds 1 baths ∙ 1,092 Sqft ∙ Built 1965 3 beds 1 baths ∙ 1,092 Sqft ∙ Built 1965
    property image
    LEASED 11/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $1.05
    •  
  • 4172 Kirkland Blvd Orlando, FL 3
    • 3 beds 1 baths ∙ 1,035 Sqft ∙ Built 1963 3 beds 1 baths ∙ 1,035 Sqft ∙ Built 1963
    property image
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.16
    •  
  • 4584 Kirkland Blvd Orlando, FL 4
    • 3 beds 2 baths ∙ 1,122 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,122 Sqft ∙ Built 1968
    property image
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $1.18
    •  
  • 2956 Grandola Dr Orlando, FL 5
    • 3 beds 2 baths ∙ 1,208 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,208 Sqft ∙ Built 1973
    property image
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.16
    •  
PROPERTY LISTING DETAILS
Nancy Gittens De Jimenez
1.321.297.4832
Barto Real Estate Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: S5042349
Last Updated: 11/12/2020
BESbswy