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4600 Malibu St Orlando, FL 32811

3 Beds 1 Baths 1,056 sqft Built 1967

$159,900

List Price

$1,090

$981 - $1.2K

Rent Est.

PROPERTY INFO

January 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1967
  • Price/Sqft : $151.42
  • 8 Days on Market
  • MLS # : S5045242
  • Updated Date : 01/20/2021 at 21:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,056 sqft
  • Baths : 1 full
Listing Agent

The Royal Family Investments Llc

Listing Agent's Description

Beautiful, concrete house with a brand new roof and new tile flooring throughout. It is in move in conditions. Living room with seperate dining room. Perfect for first time homebuyer or investor. It won’t last long!

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: Malibu Groves

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240kPrice in $49k253k

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

Neighborhood: Malibu Groves

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7181712

* 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
 

$143,910$175,890$159,900

PURCHASE PRICE

$981$1,199$1,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,090
EXPENSES Loan Payment -$555
Property Tax -$202
Property Insurance -$99
Property Management Fees -$129
CASH FLOW
$105

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.

$159,900

PROJECTED PRICE

$1,090

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 7.2%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$48,124

INVESTMENT

$48,124

Down Payment
$39,975
Rehab Estimate
$5,750
Closing Costs
$2,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$555

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $39,975
Loan Amount $119,925
See What Happens When You Reinvest Cash Flow

8.08

YEARS SAVED

$16,427

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,090

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,199

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$1,090
1$1,0902$1,1003$1,2004$1,3255$1,350
$1,350
RENT COMPS ANALYSIS
  • 4600 Malibu St Orlando, FL 1
    • 3 beds 1 baths ∙ 1,056 Sqft ∙ Built 1967 3 beds 1 baths ∙ 1,056 Sqft ∙ Built 1967
    • Rent
    • Rent Per SQFT
    •  
    • $1,090
    • $1.03
    •  
  • 408 Takoma St Orlando, FL 2
    • 3 beds 2 baths ∙ 1,000 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,000 Sqft ∙ Built 1971
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $1.10
    •  
  • 4524 Malibu St Orlando, FL 3
    • 3 beds 2 baths ∙ 986 Sqft ∙ Built 1967 3 beds 2 baths ∙ 986 Sqft ∙ Built 1967
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.22
    •  
  • 451 Rogers St Orlando, FL 4
    • 3 beds 1 baths ∙ 1,159 Sqft ∙ Built 1959 3 beds 1 baths ∙ 1,159 Sqft ∙ Built 1959
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $1.14
    •  
  • 5222 W Washington St Orlando, FL 5
    • 4 beds 3 baths ∙ 1,248 Sqft ∙ Built 1959 4 beds 3 baths ∙ 1,248 Sqft ∙ Built 1959
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.08
    •  
PROPERTY LISTING DETAILS
Perry Taveras
1.407.435.0083
The Royal Family Investments Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: S5045242
Last Updated: 01/20/2021
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