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4541 Loring Pl Orlando, FL 32812

4 Beds 2 Baths 1,715 sqft Built 1960

$350,000

List Price

$1,920

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $204.08
  • 1 Days on Market
  • MLS # : S5053409
  • Updated Date : 07/13/2021 at 13:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,715 sqft
  • Baths : 2 full
Listing Agent

Preferred Real Estate Brokers Ii

Listing Agent's Description

Welcome home to this beautifully refreshed mid-century ranch in desirable Dover Shores East, a peaceful oasis on a quiet tree-lined street just minutes from everywhere, including downtown Orlando, SR408, I4, UCF & OIA (and only 30 minutes to the beach!). This sprawling 1715 SF ranch blends the best of midcentury charm with sparkling just-restored terrazzo floors, brand new Levelor cordless plantation window blinds, new Whirlpool washer, and dryer, vintage bathrooms, enormous galley-style kitchen with loads of cabinet space and granite counters, delightful Tiffany-style pendulum ceiling light fixtures, and all new paint throughout. Enjoy loads of space for family, friends, and entertaining with 4 bedrooms, 2 full baths, living room, dining room, and family room. The large, gently sloping front lawn sets this delightful home back from remarkably quiet Loring Place and the shaded, fenced back yard includes a large patio area and plenty of room to congregate, celebrate, relax and play. A large storage room attached to the enormous 2-vehicle carport is a perfect place to store your tools and toys. Zoned for wonderful local schools, including Dover Shores Elementary, Jackson Middle School, and Boone High School.

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: Dover Shores East

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $82k258k

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

Neighborhood: Dover Shores East

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9231712

* 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
Dover Shores Elementary School Primary Regular 611 42 5
Stonewall Jackson Middle School Middle Magnet 1,292 70 2
Boone High School High Magnet 2,763 141 7

Dover Shores Elementary School

  • Education Level: Primary
  • # of students: 611
  • # of teachers: 42
5
GreatSchools Rating

Stonewall Jackson Middle School

  • Education Level: Middle
  • # of students: 1,292
  • # of teachers: 70
2
GreatSchools Rating

Boone High School

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

$315,000$385,000$350,000

PURCHASE PRICE

$1,728$2,112$1,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$1,216
Property Tax -$435
Property Insurance -$139
Property Management Fees -$129
CASH FLOW
$2

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.

$350,000

PROJECTED PRICE

$1,920

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 6.8%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$17,947

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,920

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $1,861

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6753$1,8754$1,8985$1,920
$1,920
RENT COMPS ANALYSIS
  • 4541 Loring Pl Orlando, FL 5
    • 4 beds 2 baths ∙ 1,715 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,715 Sqft ∙ Built 1960
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,920
    • $1.12
    •  
  • 5162 Lido St Orlando, FL 1
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1977
    property image
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.03
    •  
  • 3414 Hargill Dr Orlando, FL 2
    • 3 beds 2 baths ∙ 1,670 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,670 Sqft ∙ Built 1958
    property image
    LEASED 01/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $1.00
    •  
  • 1615 Crocker Ave Orlando, FL 3
    • 3 beds 2 baths ∙ 1,588 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,588 Sqft ∙ Built 1954
    property image
    LEASED 06/29/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $1.18
    •  
  • 5021 Natalie St Orlando, FL 4
    • 3 beds 2 baths ∙ 1,679 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,679 Sqft ∙ Built 1978
    property image
    LEASED 07/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,898
    • $1.13
    •  
PROPERTY LISTING DETAILS
Christian Rosa
1.407.334.0717
Preferred Real Estate Brokers Ii
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: S5053409
Last Updated: 07/13/2021
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