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4419 Seils Way Orlando, FL 32812

3 Beds 3 Baths 1,841 sqft Built 1960

$324,900

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $176.48
  • 5 Days on Market
  • MLS # : O5930491
  • Updated Date : 03/20/2021 at 10:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,841 sqft
  • Baths : 2 full , 1 half
Listing Agent

Icon Realty Associates Inc

Listing Agent's Description

Welcome to your next home! This Beautiful 3/2/1 located in Belle Isle/Conway. Walk into an open floor plan and kitchen with stainless steel appliances. The fireplace is a great gathering area and perfect for chilly nights. With a separate living room that would be great for a play room/guest suite/second master. This home offers plenty of extra room. The master bedroom offers a sizable walk in closet and the backyard is perfect for entertaining or creating a sustainable garden. This home is priced to sell and will not last! NEW ROOF INSTALLED MARCH 2021! NO HOA!

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
 

$292,410$357,390$324,900

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,129
Property Tax -$375
Property Insurance -$146
Property Management Fees -$129
CASH FLOW
-$39

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.

$324,900

PROJECTED PRICE

$1,740

PROJECTED RENT

0.54%

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-$4.0k-$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,849

INVESTMENT

$91,849

Down Payment
$81,225
Rehab Estimate
$5,750
Closing Costs
$4,874

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,225
Loan Amount $243,675
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$13,759

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,910

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,740
1$1,7402$1,8503$1,8504$1,9005$1,960
$1,960
RENT COMPS ANALYSIS
  • 4419 Seils Way Orlando, FL 1
    • 3 beds 3 baths ∙ 1,841 Sqft ∙ Built 1960 3 beds 3 baths ∙ 1,841 Sqft ∙ Built 1960
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.95
    •  
  • 4115 Waterfront Pkwy Orlando, FL 2
    • 3 beds 2 baths ∙ 1,964 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,964 Sqft ∙ Built 1959
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.94
    •  
  • 4515 Koger St Orlando, FL 3
    • 3 beds 2 baths ∙ 1,539 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,539 Sqft ∙ Built 1972
    property image
    LEASED 12/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.20
    •  
  • 5115 Saint Germain Ave Belle Isle, FL 4
    • 4 beds 3 baths ∙ 2,149 Sqft ∙ Built 1962 4 beds 3 baths ∙ 2,149 Sqft ∙ Built 1962
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.88
    •  
  • 3322 Lake Anderson Ave Orlando, FL 5
    • 4 beds 2 baths ∙ 1,738 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,738 Sqft ∙ Built 1972
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,960
    • $1.13
    •  
PROPERTY LISTING DETAILS
Sean David
1.407.712.4698
Icon Realty Associates Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5930491
Last Updated: 03/20/2021
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