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4322 Clarinda St Orlando, FL 32811

3 Beds 2 Baths 1,353 sqft Built 1969

$215,000

List Price

$1,340

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1969
  • Price/Sqft : $158.91
  • 2 Days on Market
  • MLS # : O5930462
  • Updated Date : 03/20/2021 at 15:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,353 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Advantage 2 Realty

Listing Agent's Description

Come see this beautifully UPDATED 3 bedroom, 2 bath home on ALMOST 1/4 ACRE with no HOA!! This home includes an open layout that you can design to fit your needs. Nearly new WOOD-LOOK VINYL FLOORING throughout. As you enter the home, there's a spacious dining area that could also be used as second living room. It opens to the kitchen with features a ROLLING ISLAND, GRANITE COUNTERS, STAINLESS APPLIANCES, and light cabinetry. Then in back of the home is the living room which has sliders that lead to a spacious, COVERED, SCREENED-IN PATIO. Enjoy the HUGE BACKYARD, perfect for entertaining or just fun with the family. The options are yours!! The master bedroom includes an EN SUITE BATHROOM with large WALK-IN SHOWER. There are 2 additional bedrooms that share the other full bath. Both bathrooms have been updated. LARGE INSIDE LAUNDRY ROOM with cabinets for additional storage. Location offers easy access to 408, Colonial and John Young Parkway. This home won't last long!!** Be sure to check out the 3-D, Interactive Tour**!!

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: Malibu Groves

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240kPrice in $49k253k

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

Neighborhood: Malibu Groves

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7181712

* 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
Ivey Lane Elementary School Primary Regular 366 27 2
Carver Middle School Middle Magnet 719 44 1
Jones High School High Magnet 1,041 55 3

Ivey Lane Elementary School

  • Education Level: Primary
  • # of students: 366
  • # of teachers: 27
2
GreatSchools Rating

Carver Middle School

  • Education Level: Middle
  • # of students: 719
  • # of teachers: 44
1
GreatSchools Rating

Jones High School

  • Education Level: High
  • # of students: 1,041
  • # of teachers: 55
3
GreatSchools Rating
 

$193,500$236,500$215,000

PURCHASE PRICE

$1,206$1,474$1,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,340
EXPENSES Loan Payment -$747
Property Tax -$271
Property Insurance -$117
Property Management Fees -$129
CASH FLOW
$76

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.

$215,000

PROJECTED PRICE

$1,340

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 7.2%
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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$62,725

INVESTMENT

$62,725

Down Payment
$53,750
Rehab Estimate
$5,750
Closing Costs
$3,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$747

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $53,750
Loan Amount $161,250
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$16,452

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,340

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,400

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,067
1$1,0672$1,3253$1,3404$1,3505$1,600
$1,600
RENT COMPS ANALYSIS
  • 4322 Clarinda St Orlando, FL 3
    • 3 beds 2 baths ∙ 1,353 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,353 Sqft ∙ Built 1969
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,340
    • $0.99
    •  
  • 4535 Barley St Orlando, FL 1
    • 3 beds 1 baths ∙ 1,193 Sqft ∙ Built 1968 3 beds 1 baths ∙ 1,193 Sqft ∙ Built 1968
    property image
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,067
    • $0.89
    •  
  • 451 Rogers St Orlando, FL 2
    • 3 beds 1 baths ∙ 1,159 Sqft ∙ Built 1959 3 beds 1 baths ∙ 1,159 Sqft ∙ Built 1959
    property image
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $1.14
    •  
  • 489 Gilman Cir Orlando, FL 4
    • 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1967 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1967
    property image
    LEASED 12/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.04
    •  
  • 4926 Stewart Ave Orlando, FL 5
    • 3 beds 2 baths ∙ 1,489 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,489 Sqft ∙ Built 1953
    property image
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.07
    •  
PROPERTY LISTING DETAILS
Ray Lopez
1.407.697.8298
Keller Williams Advantage 2 Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5930462
Last Updated: 03/20/2021
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