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

4427 Leola Ln Orlando, FL 32812

3 Beds 2 Baths 1,593 sqft Built 1972

$330,000

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $207.16
  • 3 Days on Market
  • MLS # : O5928693
  • Updated Date : 03/13/2021 at 14:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,593 sqft
  • Baths : 2 full
Listing Agent

Mainframe Real Estate

Listing Agent's Description

This well maintained home is centrally located in the Conway area, which is about 10 minutes from the Orlando International Airport, about 15 minutes from Downtown Orlando and just a few miles to the Lake Conway public access boat ramp. This home features beautiful and unique architectural details that include a welcoming, pergola covered, front facing courtyard! After you pass the courtyard, you enter the home through a charming foyer. Past this foyer, you are greeted with warm toned flooring that flow throughout most of the home. This home has three bedrooms, two bathrooms and includes a large front facing bonus room/flex space. The homes main living room has built-in design elements that bring a lot of warmth and visual interest to the space. This main living room connects to the kitchen and to the screened-in, covered back porch. The kitchen has been updated and is clean, welcoming and bright! Also connected to the kitchen is the formal dining room that overlooks the front courtyard. This dining space has a beautiful dinner view! The large owner’s suite includes a large closet and ensuite bath with a stand-up shower. The wood-look flooring continues throughout the hallway and into the remaining two bedrooms. The adjacent hall bath serves the rest of the home includes a shower/tub combination. The home is not located in an HOA and has an oversized two car garage, a free standing outbuilding workshop, a private backyard with mature landscaping, and a well for the sprinklers. Updates include: re-roof 2017, replaced septic drain field 2016, A/C 2016, washer and dryer 2017, refrigerator 2018, dishwasher 2018. Schedule your private showing today!

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: 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
 

$297,000$363,000$330,000

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$1,146
Property Tax -$375
Property Insurance -$131
Property Management Fees -$129
CASH FLOW
-$162

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.

$330,000

PROJECTED PRICE

$1,620

PROJECTED RENT

0.49%

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

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$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$6,696

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,744

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,3993$1,6204$1,6995$1,850
$1,850
RENT COMPS ANALYSIS
  • 4427 Leola Ln Orlando, FL 3
    • 3 beds 2 baths ∙ 1,593 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,593 Sqft ∙ Built 1972
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $1.02
    •  
  • 5440 Conway Oaks Ct Orlando, FL 1
    • 3 beds 2 baths ∙ 1,471 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,471 Sqft ∙ Built 1988
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.88
    •  
  • 4528 Commander Dr #2032 Orlando, FL 2
    • 3 beds 2 baths ∙ 1,253 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,253 Sqft ∙ Built 1990
    property image
    LEASED 02/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $1.12
    •  
  • 5178 Coddington St Orlando, FL 4
    • 3 beds 2 baths ∙ 1,442 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,442 Sqft ∙ Built 1990
    property image
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $1.18
    •  
  • 4515 Koger St Orlando, FL 5
    • 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
    •  
PROPERTY LISTING DETAILS
Becki Douglas
1.407.473.2258
Mainframe Real Estate
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5928693
Last Updated: 03/13/2021
BESbswy