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4206 Mendenwood Ln Orlando, FL 32826

3 Beds 2 Baths 1,268 sqft Built 1997

$265,000

List Price

$1,570

$1.4K - $1.7K

Rent Est.

$75,975

Investment Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $208.99
  • 3 Days on Market
  • MLS # : O5908357
  • Updated Date : 11/27/2020 at 13:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,268 sqft
  • Baths : 2 full
Listing Agent

Century 21 Oneblue

Listing Agent's Description

Don't miss this beautiful home in east Orlando! Its proximity to the University of Central Florida, major highways, shopping, and everything Orlando has to offer makes this a prime opportunity for a smart buyer. This property features an open-concept dining and entertaining space that leads directly to its spacious screened-in lanai. The kitchen boasts granite countertops, stainless steel appliances, and plenty of storage. The primary bedroom has an en suite bathroom with a large garden-style soaker tub, separate shower, and an additional closet. On the other side of the home, you'll find two bedrooms and another full bathroom. This home comes complete with a two-car garage, laundry room, and a roof that was replaced in 2018. Make an appointment to see it today!

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MARKET HIGHLIGHTS

Orlando Market Report
  • 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: 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
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
 

FINANCIALS

Learn how to read this

$238,500$291,500$265,000

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING
Learn how to read this

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$978
Property Tax -$301
Property Insurance -$112
HOA -$43
Property Management Fees -$141
CASH FLOW
-$5

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.

$265,000

PROJECTED PRICE

$1,570

PROJECTED RENT

0.59%

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment		 $66,250
Rehab Estimate		 $5,750
Closing Costs		 $3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$978

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$13,640

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,570

    LIST RENT

  • $1.24

    LIST RENT PER SQFT

  • $1,588

    COMP ESTIMATED VALUE

  • $1.25

    COMP AVG. RENT PER SQFT
Comps Range
$1,488
1$1,4882$1,5703$1,6254$1,6755$1,735
$1,735
RENT COMPS ANALYSIS
  • 4206 Mendenwood Ln Orlando, FL 2
    • 3 beds 2 baths ∙ 1,268 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,268 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $1.24
    •  
  • 14001 Furman Ave Orlando, FL 1
    • 3 beds 2 baths ∙ 1,194 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,194 Sqft ∙ Built 1995
    property image
    LEASED 11/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,488
    • $1.25
    •  
  • 4721 Fiske Cir Orlando, FL 3
    • 3 beds 2 baths ∙ 1,264 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,264 Sqft ∙ Built 2002
    property image
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $1.29
    •  
  • 14520 Lycastle Cir Orlando, FL 4
    • 3 beds 2 baths ∙ 1,342 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,342 Sqft ∙ Built 1995
    property image
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $1.25
    •  
  • 4005 Coralbrooke Grv Orlando, FL 5
    • 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1999
    property image
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,735
    • $1.22
    •  
PROPERTY LISTING DETAILS
LISTING AGENT
Gavin Hatcher
1.407.505.7772
Century 21 Oneblue
BUYER AGENT
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
SOURCE
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5908357
Last Updated: 11/27/2020

All returns, cash flow, and appreciation estimates are projections. Please review our Disclaimer for more information.

All values are rounded to the nearest dollar.
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