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

460 Charleswood Ave Orlando, FL 32825

3 Beds 2 Baths 1,678 sqft Built 1981

$299,900

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $178.72
  • 3 Days on Market
  • MLS # : O5915428
  • Updated Date : 01/08/2021 at 18:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,678 sqft
  • Baths : 2 full
Listing Agent

Preferred Realty Of Florida

Listing Agent's Description

Stunning 3bed/2bath home in the highly desired community of Deerwood in Rio Pinar! This property has all the curb appeal you've been looking for! From the moment you step in you'll be welcomed by natural light, high ceilings and beautiful fireplace. Laminate flooring throughout the home allows for easy maintenance and a cooler home. The kitchen offers stainless steel appliances, solid wood cabinets, granite countertops, prep island and separate bar with wine cooler. The kitchen opens up to the large dining room which is prefect for entertaining. The bedrooms have a split layout giving the master privacy. This oversized corner lot is fully fenced in with a new vinyl fence and offers a covered porch and two large storage sheds. A few other upgrades to note is the newer roof, newer AC and water softening system. Conveniently to downtown, OIA, Lockheed Martin, UCF, and Valencia State College. Also, just minutes to Waterford Shops and Restaurants with easy access to 408 and 417. Call today for a private showing!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Deerwood

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $105k336k

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

Neighborhood: Deerwood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9782089

* 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
Deerwood Elementary School Primary Regular 442 42 8
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Deerwood Elementary School

  • Education Level: Primary
  • # of students: 442
  • # of teachers: 42
8
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
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$1,042
Property Tax -$341
Property Insurance -$136
HOA -$9
Property Management Fees -$129
CASH FLOW
$13

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.

$299,900

PROJECTED PRICE

$1,670

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 9.1%
Maintenance Year (1-5) 8.00%
Vacancy 5.99%
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-$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$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$18,688

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,670

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,527

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,6253$1,6704$1,7005$1,834
$1,834
RENT COMPS ANALYSIS
  • 460 Charleswood Ave Orlando, FL 3
    • 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 1981
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $1.00
    •  
  • 940 Islander Ave Orlando, FL 1
    • 3 beds 2 baths ∙ 1,667 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,667 Sqft ∙ Built 1994
    property image
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.90
    •  
  • 10037 Tikimber Ln Orlando, FL 2
    • 3 beds 2 baths ∙ 1,874 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,874 Sqft ∙ Built 1997
    property image
    LEASED 10/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.87
    •  
  • 128 S Shadow Bay Dr Orlando, FL 4
    • 3 beds 2 baths ∙ 2,020 Sqft ∙ Built 1983 3 beds 2 baths ∙ 2,020 Sqft ∙ Built 1983
    property image
    LEASED 04/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.84
    •  
  • 566 Mellowood Ave Orlando, FL 5
    • 3 beds 2 baths ∙ 1,788 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,788 Sqft ∙ Built 1985
    property image
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,834
    • $1.03
    •  
PROPERTY LISTING DETAILS
Tal Busidan
1.407.227.3001
Preferred Realty Of Florida
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5915428
Last Updated: 01/08/2021
BESbswy