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4200 Benedictine Cir Orlando, FL 32812

3 Beds 3 Baths 2,139 sqft Built 1979

$377,000

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $176.25
  • 3 Days on Market
  • MLS # : O5911363
  • Updated Date : 12/13/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,139 sqft
  • Baths : 2 full , 1 half
Listing Agent

Capital Homes Inc

Listing Agent's Description

Highly sought after Conway area neighborhood and school district, near downtown Orlando, Orlando Airports, shopping & major roadways (408 & 528). New roof & AC unit were installed in 2019. This is a multi level concrete block home with stucco and beautiful stone accent on fabulous corner lot with gorgeous mature trees and flag pole. Spectacular entry with double hung front doors into a warm, welcoming and spacious open floor plan. Recently updated kitchen featuring decorative mosaic backsplash, Quartz countertops with newer stainless steel appliances. The kitchen sink window and formal dining room have views of the spacious - fenced back yard. Master bedroom has an on-suite bathroom; the other two bedrooms upstairs share the updated bathroom. Garage conversion giving additional livable space which can be used as a 4th bedroom or work area; laundry closet and small office within this space. Enjoy weekends and evenings in your favorite indoor or outer space. Backyard has a concrete patio slab, shed and your very own garden boxes. Location, Location, Location!!! Deed Restricted community with no HOA.

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MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Conway

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $105k274k

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

Neighborhood: Conway

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550160016501700Rent in $9811712

* 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
 

$339,300$414,700$377,000

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,391
Property Tax -$468
Property Insurance -$164
Property Management Fees -$129
CASH FLOW
-$322

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.

$377,000

PROJECTED PRICE

$1,830

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 6.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.01%
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-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$105,655

INVESTMENT

$105,655

Down Payment
$94,250
Rehab Estimate
$5,750
Closing Costs
$5,655

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,391

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $94,250
Loan Amount $282,750
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$2,996

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,830

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,995

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,6503$1,8304$2,0005$2,365
$2,365
RENT COMPS ANALYSIS
  • 4200 Benedictine Cir Orlando, FL 3
    • 3 beds 3 baths ∙ 2,139 Sqft ∙ Built 1979 3 beds 3 baths ∙ 2,139 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $0.86
    •  
  • 5089 Fayann St Orlando, FL 1
    • 3 beds 2 baths ∙ 1,806 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,806 Sqft ∙ Built 1974
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.83
    •  
  • 5173 Jetsail Dr Orlando, FL 2
    • 3 beds 2 baths ∙ 1,892 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,892 Sqft ∙ Built 1997
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.87
    •  
  • 3411 Chatsworth Ln Orlando, FL 4
    • 3 beds 3 baths ∙ 2,133 Sqft ∙ Built 1984 3 beds 3 baths ∙ 2,133 Sqft ∙ Built 1984
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.94
    •  
  • 2822 Bass Lake Blvd Orlando, FL 5
    • 4 beds 3 baths ∙ 2,177 Sqft ∙ Built 1961 4 beds 3 baths ∙ 2,177 Sqft ∙ Built 1961
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,365
    • $1.09
    •  
PROPERTY LISTING DETAILS
Frances Febles
1.321.946.6566
Capital Homes Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5911363
Last Updated: 12/13/2020
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