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

4503 Riverton Dr Orlando, FL 32817

3 Beds 2 Baths 2,054 sqft Built 1998

$318,000

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $154.82
  • 3 Days on Market
  • MLS # : O5924178
  • Updated Date : 02/27/2021 at 15:25
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,054 sqft
  • Baths : 2 full
Listing Agent

Re/max Innovation

Listing Agent's Description

Welcome to the sought out area of University Pines in the heart of East Orlando Florida! This immaculate 3 bed, 2 bath with office or optional 4th bed is simply amazing. This home boasts an open floor plan with a separate living/dining room combination, eat in kitchen and separate adjacent family room. The spacious kitchen features all solid wood cabinets, stainless steel appliances and an open eat in kitchen area. The entire split master floor plan has all solid surface flooring with new wood floors in each bedroom. The master bedroom features dual vanities, walk in closet, large garden tub and separate shower. The master is split from the other two bedrooms for complete and total privacy. Two sets of French doors with one set being off the master bedroom and the other off the family room will take you out to the beautifully landscaped paver lanai with a conservation view and NO REAR neighbors. The driveway is built with all custom pavers which also extend to the lanai. New Roof 2019, New HVAC 2017, Whole house water softener system 2019, New Hot Water Tank 2020 and all newly tinted windows 2019. This home is a rate find in E Orlando and wont last long! Minutes to UCF, Valencia, 417 and major shopping and entertainment areas. Book your showing today as this won't last long!

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: University Pines

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $105k372k

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

Neighborhood: University Pines

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8731969

* 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
Riverdale Elementary School Primary Regular 674 45 3
Corner Lake Middle School Middle Regular 1,220 68 3
University High School High Magnet 3,111 141 5

Riverdale Elementary School

  • Education Level: Primary
  • # of students: 674
  • # of teachers: 45
3
GreatSchools Rating

Corner Lake Middle School

  • Education Level: Middle
  • # of students: 1,220
  • # of teachers: 68
3
GreatSchools Rating

University High School

  • Education Level: High
  • # of students: 3,111
  • # of teachers: 141
5
GreatSchools Rating
 

$286,200$349,800$318,000

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$1,105
Property Tax -$362
Property Insurance -$159
HOA -$33
Property Management Fees -$129
CASH FLOW
-$37

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.

$318,000

PROJECTED PRICE

$1,750

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 8.3%
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$90,020

INVESTMENT

$90,020

Down Payment
$79,500
Rehab Estimate
$5,750
Closing Costs
$4,770

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,105

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $79,500
Loan Amount $238,500
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$13,053

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,931

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7503$1,7804$1,8325$2,150
$2,150
RENT COMPS ANALYSIS
  • 4503 Riverton Dr Orlando, FL 2
    • 3 beds 2 baths ∙ 2,054 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,054 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.85
    •  
  • 4810 Riverton Dr Orlando, FL 1
    • 3 beds 2 baths ∙ 1,918 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,918 Sqft ∙ Built 1996
    property image
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.89
    •  
  • 4815 Riverton Dr Orlando, FL 3
    • 4 beds 2 baths ∙ 1,972 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,972 Sqft ∙ Built 1997
    property image
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.90
    •  
  • 10967 Dearden Cir Orlando, FL 4
    • 3 beds 2 baths ∙ 1,889 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,889 Sqft ∙ Built 1994
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,832
    • $0.97
    •  
  • 4635 Riverton Dr Orlando, FL 5
    • 3 beds 3 baths ∙ 2,154 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,154 Sqft ∙ Built 1998
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.00
    •  
PROPERTY LISTING DETAILS
Bill Mauer
1.407.497.3112
Re/max Innovation
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5924178
Last Updated: 02/27/2021
BESbswy