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4331 Cassius St Orlando, FL 32811

3 Beds 2 Baths 1,049 sqft Built 1965

$180,000

List Price

$1,220

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1965
  • Price/Sqft : $171.59
  • 5 Days on Market
  • MLS # : O5927606
  • Updated Date : 03/05/2021 at 16:25
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,049 sqft
  • Baths : 2 full
Listing Agent

Opendoor Brokerage Llc

Listing Agent's Description

This Orlando home has one story.

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
Eccleston Elementary School Primary Regular 721 44 3
Carver Middle School Middle Magnet 719 44 1
Oak Ridge High School High Magnet 2,633 127 3

Eccleston Elementary School

  • Education Level: Primary
  • # of students: 721
  • # of teachers: 44
3
GreatSchools Rating

Carver Middle School

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

Oak Ridge High School

  • Education Level: High
  • # of students: 2,633
  • # of teachers: 127
3
GreatSchools Rating
 

$162,000$198,000$180,000

PURCHASE PRICE

$1,098$1,342$1,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,220
EXPENSES Loan Payment -$625
Property Tax -$227
Property Insurance -$99
Property Management Fees -$129
CASH FLOW
$140

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.

$180,000

PROJECTED PRICE

$1,220

PROJECTED RENT

0.68%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$53,450

INVESTMENT

$53,450

Down Payment
$45,000
Rehab Estimate
$5,750
Closing Costs
$2,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$625

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $45,000
Loan Amount $135,000
See What Happens When You Reinvest Cash Flow

8.67

YEARS SAVED

$20,837

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,220

    LIST RENT
  • $1.16

    LIST RENT PER SQFT
  • $1,209

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,2203$1,3254$1,4005$1,550
$1,550
RENT COMPS ANALYSIS
  • 4331 Cassius St Orlando, FL 2
    • 3 beds 2 baths ∙ 1,049 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,049 Sqft ∙ Built 1965
    • Rent
    • Rent Per SQFT
    •  
    • $1,220
    • $1.16
    •  
  • 4172 Kirkland Blvd Orlando, FL 1
    • 3 beds 1 baths ∙ 1,035 Sqft ∙ Built 1963 3 beds 1 baths ∙ 1,035 Sqft ∙ Built 1963
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.16
    •  
  • 4584 Kirkland Blvd Orlando, FL 3
    • 3 beds 2 baths ∙ 1,122 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,122 Sqft ∙ Built 1968
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $1.18
    •  
  • 2956 Grandola Dr Orlando, FL 4
    • 3 beds 2 baths ∙ 1,208 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,208 Sqft ∙ Built 1973
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.16
    •  
  • 1410 Kozart Ct Orlando, FL 5
    • 3 beds 2 baths ∙ 1,396 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,396 Sqft ∙ Built 1969
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.11
    •  
PROPERTY LISTING DETAILS
Alli Johnston
1.407.634.1744
Opendoor Brokerage Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5927606
Last Updated: 03/05/2021
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