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4512 Gatlin Grove Dr Orlando, FL 32812

3 Beds 2 Baths 1,518 sqft Built 1979

$299,000

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $196.97
  • 4 Days on Market
  • MLS # : O5907187
  • Updated Date : 11/20/2020 at 13:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,518 sqft
  • Baths : 2 full
Listing Agent

4 Acre Realty Llc

Listing Agent's Description

Welcome home! Perfectly located close to parks, Conway chain, Downtown Orlando, International Airport, restaurants, shopping, and fantastic schools. This adorable 3 bedroom 2 bath home located in the highly sought after community of Conway will not last long. As you walk into the home you are greeted with high ceilings throughout, showcasing beautiful exposed wood beams and tile in the main areas. Tons of light flows through the sliding glass door making the living room feel warm and inviting. The rock fireplace is surrounded by a sitting area which is the perfect spot to cuddle up with a book. This home is situated on a large lot surrounded by a beautiful tree lined street. The large backyard is perfect for entertaining or just relaxing in this perfect Florida weather. There is also plenty of room to build a pool. The owners have taken excellent care of this home and it is move in ready. Notable upgrades include: Exterior paint 2017, AC 2014, Roof 2015, New Fence 2018, Water heater 2018 and both electrical panels. Call today to schedule your viewing

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: Gatlin Grove

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $105k336k

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

Neighborhood: Gatlin Grove

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700Rent in $10281772

* 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
Boone High School High Magnet 2,763 141 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

Boone High School

  • Education Level: High
  • # of students: 2,763
  • # of teachers: 141
7
GreatSchools Rating
 

$269,100$328,900$299,000

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$1,103
Property Tax -$340
Property Insurance -$127
Property Management Fees -$149
CASH FLOW
-$69

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.

$299,000

PROJECTED PRICE

$1,650

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 7.4%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$84,985

INVESTMENT

$84,985

Down Payment
$74,750
Rehab Estimate
$5,750
Closing Costs
$4,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,103

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,750
Loan Amount $224,250
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$9,317

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $1,643

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,6503$1,6994$1,7005$1,850
$1,850
RENT COMPS ANALYSIS
  • 4512 Gatlin Grove Dr Orlando, FL 2
    • 3 beds 2 baths ∙ 1,518 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,518 Sqft ∙ Built 1979
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.09
    •  
  • 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
    •  
  • 5178 Coddington St Orlando, FL 3
    • 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
    •  
  • 4543 Ironstone Cir Orlando, FL 4
    • 3 beds 2 baths ∙ 1,589 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,589 Sqft ∙ Built 1983
    property image
    LEASED 07/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.07
    •  
  • 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 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.20
    •  
PROPERTY LISTING DETAILS
Amy Fouraker
1.407.963.7850
4 Acre Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5907187
Last Updated: 11/20/2020
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