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4320 Blonigen Ave Orlando, FL 32812

3 Beds 2 Baths 1,380 sqft Built 1961

$270,000

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1961
  • Price/Sqft : $195.65
  • 6 Days on Market
  • MLS # : O5930534
  • Updated Date : 03/19/2021 at 21:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,380 sqft
  • Baths : 2 full
Listing Agent

La Rosa Realty, Llc

Listing Agent's Description

Well maintained Conway home! Updated kitchen and hall bath. Wood burning fireplace in family room. Large screened in porch in the back. Large shed with electricity. No HOA! Fully fenced backyard for children and/or animals. Move in Ready!!! Bring your offer today. AS-IS...

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Conway Hills

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $103k269k

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

Neighborhood: Conway Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550160016501700Rent in $9851712

* 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
Shenandoah Elementary School Primary Regular 569 41 7
Conway Middle School Middle Regular 999 57 3
Boone High School High Magnet 2,763 141 7

Shenandoah Elementary School

  • Education Level: Primary
  • # of students: 569
  • # of teachers: 41
7
GreatSchools Rating

Conway Middle School

  • Education Level: Middle
  • # of students: 999
  • # of teachers: 57
3
GreatSchools Rating

Boone High School

  • Education Level: High
  • # of students: 2,763
  • # of teachers: 141
7
GreatSchools Rating
 

$243,000$297,000$270,000

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$938
Property Tax -$313
Property Insurance -$118
Property Management Fees -$129
CASH FLOW
$62

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.

$270,000

PROJECTED PRICE

$1,560

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 8.1%
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-$2.0k$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$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$938

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$19,145

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $1,646

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5603$1,6954$1,8505$2,000
$2,000
RENT COMPS ANALYSIS
  • 4320 Blonigen Ave Orlando, FL 2
    • 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1961
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $1.13
    •  
  • 4420 Marilyn Ave Orlando, FL 1
    • 3 beds 2 baths ∙ 1,231 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,231 Sqft ∙ Built 1959
    LEASED 02/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.21
    •  
  • 3409 Flagan Ave Orlando, FL 3
    • 3 beds 2 baths ∙ 1,412 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,412 Sqft ∙ Built 1958
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.20
    •  
  • 4515 Koger St Orlando, FL 4
    • 3 beds 2 baths ∙ 1,539 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,539 Sqft ∙ Built 1972
    LEASED 12/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.20
    •  
  • 4221 Playa Ct Belle Isle, FL 5
    • 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 1975
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.16
    •  
PROPERTY LISTING DETAILS
Joe Oliver
1.407.819.0172
La Rosa Realty, Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5930534
Last Updated: 03/19/2021
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