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4437 Ligustrum Way Orlando, FL 32839

4 Beds 2 Baths 1,402 sqft Built 1971

$242,900

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $173.25
  • 8 Days on Market
  • MLS # : O5912657
  • Updated Date : 12/23/2020 at 14:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,402 sqft
  • Baths : 2 full
Listing Agent

Empire Network Realty

Listing Agent's Description

Welcome to this beautiful 4 bedroom 2 bathroom close to everything! This property's garage has been converted to create another Master Bedroom. The home also features tile flooring throughout, with an extra living room. Home has an enormous fenced backyard with multiple trees to grow your own food! Roof is only 3 years old, and A/C is about 5 years old. This home has been immaculately kept and is ready to move in! Make your offer today THIS WILL NOT LAST LONG!!!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Camellia Gardens

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240kPrice in $58k253k

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

Neighborhood: Camellia Gardens

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7501712

* 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
Cornerstone Charter Academy K-8 Primary Charter 933 52 7
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Cornerstone Charter Academy K-8

  • Education Level: Primary
  • # of students: 933
  • # of teachers: 52
7
GreatSchools Rating

Cornerstone Charter Academy K-8

  • Education Level: Middle
  • # of students: 933
  • # of teachers: 52
7
GreatSchools Rating

Cornerstone Charter Academy High School

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

$218,610$267,190$242,900

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$896
Property Tax -$272
Property Insurance -$120
Property Management Fees -$129
CASH FLOW
$103

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.

$242,900

PROJECTED PRICE

$1,520

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 6.6%
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$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,119

INVESTMENT

$70,119

Down Payment
$60,725
Rehab Estimate
$5,750
Closing Costs
$3,644

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$896

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $60,725
Loan Amount $182,175
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$24,952

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,520

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $1,640

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,2953$1,3954$1,5005$1,520
$1,520
RENT COMPS ANALYSIS
  • 4437 Ligustrum Way Orlando, FL 5
    • 4 beds 2 baths ∙ 1,402 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,402 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $1.08
    •  
  • 5343 Snowflake Ct Orlando, FL 1
    • 3 beds 2 baths ∙ 1,154 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,154 Sqft ∙ Built 1983
    LEASED 10/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.04
    •  
  • 6109 Wilbeth Ave Orlando, FL 2
    • 3 beds 1 baths ∙ 1,084 Sqft ∙ Built 1959 3 beds 1 baths ∙ 1,084 Sqft ∙ Built 1959
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.19
    •  
  • 2416 Mace St Orlando, FL 3
    • 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1981
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.27
    •  
  • 5340 Moxie Blvd Orlando, FL 4
    • 3 beds 2 baths ∙ 1,276 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,276 Sqft ∙ Built 1982
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.18
    •  
PROPERTY LISTING DETAILS
Annie Resto
1.407.900.6119
Empire Network Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5912657
Last Updated: 12/23/2020
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