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4360 Conroy Club Dr Orlando, FL 32835

4 Beds 3 Baths 2,534 sqft Built 2003

$445,000

List Price

$2,400

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

December 16, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $175.61
  • 5 Days on Market
  • MLS # : O5911939
  • Updated Date : 12/17/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,534 sqft
  • Baths : 3 full
Listing Agent

Properties In Town

Listing Agent's Description

This beautiful 4 Bedroom 3 Bathroom home is located in the Gated community of Conroy Club. Featuring Brick Paver sidewalk, driveway & entrance. This beautiful and spacious kitchen features 42 inch cabinets, built in wine bar and cooler. Home features central Vacuum, Hard wood floors and many more upgrades! The location is zoned for one of the best schools in the community, usually A rated. Located within close proximity to Dr. Philip's Restaurant Row, International Drive, restaurants, attractions, Disney, Universal Studios, The Mall at Millenia and all major highways.

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: Conroy Club

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $105k443k

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

Neighborhood: Conroy Club

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10282600

* 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
Windy Ridge Elementary School Primary Magnet 1,144 80 9
Windy Ridge Elementary School Middle Magnet 1,144 80 9
Cornerstone Charter Academy High School High Charter 372 21 7

Windy Ridge Elementary School

  • Education Level: Primary
  • # of students: 1,144
  • # of teachers: 80
9
GreatSchools Rating

Windy Ridge Elementary School

  • Education Level: Middle
  • # of students: 1,144
  • # of teachers: 80
9
GreatSchools Rating

Cornerstone Charter Academy High School

  • Education Level: High
  • # of students: 372
  • # of teachers: 21
7
GreatSchools Rating
 

$400,500$489,500$445,000

PURCHASE PRICE

$2,160$2,640$2,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,400
EXPENSES Loan Payment -$1,642
Property Tax -$585
Property Insurance -$188
HOA -$140
Property Management Fees -$129
CASH FLOW
-$284

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.

$445,000

PROJECTED PRICE

$2,400

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 5.6%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$123,675

INVESTMENT

$123,675

Down Payment
$111,250
Rehab Estimate
$5,750
Closing Costs
$6,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,642

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $111,250
Loan Amount $333,750
See What Happens When You Reinvest Cash Flow

1.83

YEARS SAVED

$6,242

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,400

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $2,401

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,3753$2,4004$2,4005$2,500
$2,500
RENT COMPS ANALYSIS
  • 4360 Conroy Club Dr Orlando, FL 4
    • 4 beds 3 baths ∙ 2,534 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,534 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.95
    •  
  • 4748 High Oak Ct Orlando, FL 1
    • 4 beds 3 baths ∙ 2,484 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,484 Sqft ∙ Built 1999
    property image
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.91
    •  
  • 4630 Woodlands Village Dr Orlando, FL 2
    • 4 beds 3 baths ∙ 2,507 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,507 Sqft ∙ Built 1985
    property image
    LEASED 07/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,375
    • $0.95
    •  
  • 4547 Winderwood Cir Orlando, FL 3
    • 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 1987
    property image
    LEASED 10/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.98
    •  
  • 4341 Woodtree Ln #3 Orlando, FL 5
    • 4 beds 3 baths ∙ 2,645 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,645 Sqft ∙ Built 1984
    property image
    LEASED 09/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.95
    •  
PROPERTY LISTING DETAILS
Wael Georgey
1.321.231.9843
Properties In Town
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5911939
Last Updated: 12/17/2020
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