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4516 Seils Way Orlando, FL 32812

3 Beds 2 Baths 1,458 sqft Built 1961

$339,000

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1961
  • Price/Sqft : $232.51
  • 3 Days on Market
  • MLS # : O5913999
  • Updated Date : 01/02/2021 at 21:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,458 sqft
  • Baths : 2 full
Listing Agent

Anthony Joseph Realty

Listing Agent's Description

Brand new full roof installed less than 2 weeks ago! The entire exterior of the home was also just painted in Dec 2020. NO HOA! This home has upgraded Low-E windows to reduce your electric bill, a recently upgraded kitchen, and the A/C is only about 5 years old. The oversized enclosed porch leads out to the massive back yard, which is a rarity in central Orlando. The fully fenced in back yard is great for entertaining or for the kiddos and pups to play in. It is ideally located in the highly desirable 32812 area, with quick access to 528, 408, I-4, and is only about half an hour from Disney World, Seaworld, Universal Studios, Island's of Adventure, downtown Orlando, Orlando City Stadium, Amway Arena, Camping World Stadium, and much more.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

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
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
 

$305,100$372,900$339,000

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$1,251
Property Tax -$386
Property Insurance -$123
Property Management Fees -$129
CASH FLOW
-$348

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.

$339,000

PROJECTED PRICE

$1,540

PROJECTED RENT

0.45%

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

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$95,585

INVESTMENT

$95,585

Down Payment
$84,750
Rehab Estimate
$5,750
Closing Costs
$5,085

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,251

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $84,750
Loan Amount $254,250
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$1,475

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,540

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $1,553

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,050
1$1,0502$1,4953$1,5404$1,8505$1,960
$1,960
RENT COMPS ANALYSIS
  • 4516 Seils Way Orlando, FL 3
    • 3 beds 2 baths ∙ 1,458 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,458 Sqft ∙ Built 1961
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $1.06
    •  
  • 4754 Deer Rd Orlando, FL 1
    • 3 beds 2 baths ∙ 1,268 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,268 Sqft ∙ Built 1976
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $0.83
    •  
  • 3214 Debbie Dr Orlando, FL 2
    • 3 beds 2 baths ∙ 1,363 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,363 Sqft ∙ Built 1959
    property image
    LEASED 04/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.10
    •  
  • 4515 Koger St Orlando, FL 4
    • 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
    •  
  • 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
Anthony Candelario
1.407.590.7245
Anthony Joseph Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5913999
Last Updated: 01/02/2021
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