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4526 Raymar Dr Orlando, FL 32839

3 Beds 2 Baths 1,260 sqft Built 1961

$175,000

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1961
  • Price/Sqft : $138.89
  • 38 Days on Market
  • MLS # : O5899774
  • Updated Date : 11/21/2020 at 16:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,260 sqft
  • Baths : 2 full
Listing Agent

Keller Williams At The Parks

Listing Agent's Description

HANDYMAN SPECIAL! Affordable 3 bedroom and 2 bath home on corner lot in a great neighborhood. Excellent location on a quiet dead end street. No Homeowners Association.

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: Raymar Manor

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $69k275k

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

Neighborhood: Raymar Manor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8951748

* 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
 

$157,500$192,500$175,000

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$646
Property Tax -$199
Property Insurance -$111
Property Management Fees -$135
CASH FLOW
$409

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.

$175,000

PROJECTED PRICE

$1,500

PROJECTED RENT

0.86%

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$52,125

INVESTMENT

$52,125

Down Payment
$43,750
Rehab Estimate
$5,750
Closing Costs
$2,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$646

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $43,750
Loan Amount $131,250
See What Happens When You Reinvest Cash Flow

14.42

YEARS SAVED

$48,670

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,500

    LIST RENT
  • $1.19

    LIST RENT PER SQFT
  • $1,503

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$1,199
1$1,1992$1,3453$1,4004$1,5005$1,800
$1,800
RENT COMPS ANALYSIS
  • 4526 Raymar Dr Orlando, FL 4
    • 3 beds 2 baths ∙ 1,260 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,260 Sqft ∙ Built 1961
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.19
    •  
  • 5480 Lake Tyner Dr Orlando, FL 1
    • 3 beds 1 baths ∙ 1,028 Sqft ∙ Built 1953 3 beds 1 baths ∙ 1,028 Sqft ∙ Built 1953
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,199
    • $1.17
    •  
  • 1108 Largo Dr Orlando, FL 2
    • 3 beds 1 baths ∙ 1,068 Sqft ∙ Built 1955 3 beds 1 baths ∙ 1,068 Sqft ∙ Built 1955
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,345
    • $1.26
    •  
  • 3710 Laguna St Orlando, FL 3
    • 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1958
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.08
    •  
  • 4206 Brandeis Ave Orlando, FL 5
    • 3 beds 2 baths ∙ 1,434 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,434 Sqft ∙ Built 1961
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.26
    •  
PROPERTY LISTING DETAILS
Marc George
1.407.992.5808
Keller Williams At The Parks
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5899774
Last Updated: 11/21/2020
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