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4122 Kirkland Blvd Orlando, FL 32811

4 Beds 1 Baths 1,381 sqft Built 1962

$162,500

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1962
  • Price/Sqft : $117.67
  • 5 Days on Market
  • MLS # : O5906790
  • Updated Date : 11/19/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,381 sqft
  • Baths : 1 full
Listing Agent

Alabama Llc

Listing Agent's Description

WELCOME TO YOUR TROPICAL OASIS! NICE COOL CENTRAL A/C AND NEW EXTERIOR PAINT at gorgeous home in Orlando. This home is move-in ready! NO HOA. This charming, recently remodeled home features a bright, open floor plan with nice interior touches and tile floor. Kitchen comes with appliances. Bathroom is new, elegant and remodeled. The large master bedroom has a spacious closet with three other bedrooms for family or guests. There's a laundry room with washer and dryer hookups. The property has a large backyard with storage shed. Enjoy the exciting Orlando community conveniently located minutes from downtown, 15 minutes to Disney and a quick hour drive from the beach!

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
 

$146,250$178,750$162,500

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$600
Property Tax -$205
Property Insurance -$119
Property Management Fees -$125
CASH FLOW
$342

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.

$162,500

PROJECTED PRICE

$1,390

PROJECTED RENT

0.86%

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$600k$700k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$48,813

INVESTMENT

$48,813

Down Payment
$40,625
Rehab Estimate
$5,750
Closing Costs
$2,438

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$600

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $40,625
Loan Amount $121,875
See What Happens When You Reinvest Cash Flow

13.58

YEARS SAVED

$41,780

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,390

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,388

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,185
1$1,1852$1,3003$1,3004$1,3905$1,400
$1,400
RENT COMPS ANALYSIS
  • 4122 Kirkland Blvd Orlando, FL 4
    • 4 beds 1 baths ∙ 1,381 Sqft ∙ Built 1962 4 beds 1 baths ∙ 1,381 Sqft ∙ Built 1962
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $1.01
    •  
  • 1822 Horne Ave Orlando, FL 1
    • 3 beds 1 baths ∙ 1,249 Sqft ∙ Built 1966 3 beds 1 baths ∙ 1,249 Sqft ∙ Built 1966
    property image
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,185
    • $0.95
    •  
  • 1841 Ravenall Ave Orlando, FL 2
    • 4 beds 2 baths ∙ 1,250 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,250 Sqft ∙ Built 1970
    property image
    LEASED 03/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.04
    •  
  • 2148 Messina Ave Orlando, FL 3
    • 4 beds 2 baths ∙ 1,248 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,248 Sqft ∙ Built 1970
    property image
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.04
    •  
  • 2114 Patterson Ave Orlando, FL 5
    • 4 beds 2 baths ∙ 1,420 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,420 Sqft ∙ Built 1964
    property image
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.99
    •  
PROPERTY LISTING DETAILS
Erich Spivey
1.904.276.2555
Alabama Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5906790
Last Updated: 11/19/2020
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