Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

4413 Wheatley St Orlando, FL 32811

3 Beds 1 Baths 1,331 sqft Built 1967

$213,000

List Price

$1,350

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1967
  • Price/Sqft : $160.03
  • 3 Days on Market
  • MLS # : V4917336
  • Updated Date : 01/30/2021 at 12:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,331 sqft
  • Baths : 1 full
Listing Agent

Keller Williams Heritage Realty

Listing Agent's Description

NEWEST ol' house on the block! This 2019 Re-Construction home is top notch! Beautiful features from the large glass front door to the stylish kitchen sink. The home features an open floorplan yet cozy living room with a beautiful, modern fireplace. The kitchen will WOW any chef or non-chef with it's stainless steel appliances, granite countertops, soft-close, solid wood cabinets, and my favorite, a gorgeous single basin farmhouse sink! This incredible home will be your favorite too! Conveniently located within minutes of 408, I-4, Mall of Millenia, dining, and entertaining. This home won't last long. Don't wait! Make your offer today!

SEE MORE

MARKET HIGHLIGHTS

  • 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: 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
 

$191,700$234,300$213,000

PURCHASE PRICE

$1,215$1,485$1,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,350
EXPENSES Loan Payment -$740
Property Tax -$268
Property Insurance -$116
Property Management Fees -$129
CASH FLOW
$97

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.

$213,000

PROJECTED PRICE

$1,350

PROJECTED RENT

0.63%

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$700k

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$62,195

INVESTMENT

$62,195

Down Payment
$53,250
Rehab Estimate
$5,750
Closing Costs
$3,195

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$740

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $53,250
Loan Amount $159,750
See What Happens When You Reinvest Cash Flow

7.17

YEARS SAVED

$18,234

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,350

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,388

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,185
1$1,1852$1,3503$1,4004$1,4005$1,550
$1,550
RENT COMPS ANALYSIS
  • 4413 Wheatley St Orlando, FL 2
    • 3 beds 1 baths ∙ 1,331 Sqft ∙ Built 1967 3 beds 1 baths ∙ 1,331 Sqft ∙ Built 1967
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.01
    •  
  • 1822 Horne Ave Orlando, FL 1
    • 3 beds 1 baths ∙ 1,249 Sqft ∙ Built 1966 3 beds 1 baths ∙ 1,249 Sqft ∙ Built 1966
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,185
    • $0.95
    •  
  • 1706 Messina Ave Orlando, FL 3
    • 4 beds 2 baths ∙ 1,250 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,250 Sqft ∙ Built 1971
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.12
    •  
  • 2114 Patterson Ave Orlando, FL 4
    • 4 beds 2 baths ∙ 1,420 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,420 Sqft ∙ Built 1964
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.99
    •  
  • 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
Jeni Lyons
1.386.479.5564
Keller Williams Heritage Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: V4917336
Last Updated: 01/30/2021
BESbswy