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4612 Flatwood Ln Orlando, FL 32829

4 Beds 3 Baths 1,704 sqft Built 1987

$269,900

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $158.39
  • 4 Days on Market
  • MLS # : O5921363
  • Updated Date : 02/05/2021 at 11:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,704 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max 200 Realty

Listing Agent's Description

On a quiet treelined street with excellent curb appeal, this 4 bedroom home with a fabulous kitchen boasts both pond & conservation views * Well maintained with brand new siding & trim, new energy efficient windows throughout * Freshly painted inside & out, this home is move in ready * Enter this 2 story traditional home through a covered porch on tile floors laid on the diagonal throughout the main level (with exception of laminate floors in the family room) * A chef’s delight, this extremely well lighted kitchen with an amazing number of cabinets, miles of granite countertops, an appliance garage, abundant electrical outlets for food prep, deep pan drawers, upper & reverse crown molding on the upper cabinets, under cabinet lighting, SS Whirlpool dishwasher & Side-by-Side refrigerator with icemaker * Eat-in Kitchen overlooks the family room with plenty of natural light and views of a large fenced backyard, pond & conservation area * French door access to the covered porch * Upstairs are 4 bedrooms with wide plank laminate flooring * Both the Master and one guest bedroom have peaceful views of the pond & conservation area * Master bath has double vanity and dual shower heads * Nest Thermostat * 220 electrical power in garage * Mature landscaping * Playset & storage shed in the backyard * Removable oak banister provides easier access for moving large items upstairs * New Exterior Coach Lights * HOA dues are approximately $100/year * Old Republic Home Warranty * Please take the virtual tour for additional information * Currently zoned for Hidden Oaks Elementary, Odyssey Middle & Colonial HS

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: Chickasaw Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240kPrice in $105k253k

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

Neighborhood: Chickasaw Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9041712

* 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
Hidden Oaks Elementary School Primary Regular 483 40 6
Odyssey Middle School Middle Regular 912 49 3
Colonial High School High Magnet 3,339 160 4

Hidden Oaks Elementary School

  • Education Level: Primary
  • # of students: 483
  • # of teachers: 40
6
GreatSchools Rating

Odyssey Middle School

  • Education Level: Middle
  • # of students: 912
  • # of teachers: 49
3
GreatSchools Rating

Colonial High School

  • Education Level: High
  • # of students: 3,339
  • # of teachers: 160
4
GreatSchools Rating
 

$242,910$296,890$269,900

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 -$937
Property Tax -$307
Property Insurance -$138
HOA -$8
Property Management Fees -$129
CASH FLOW
-$20

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.

$269,900

PROJECTED PRICE

$1,500

PROJECTED RENT

0.56%

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,274

INVESTMENT

$77,274

Down Payment
$67,475
Rehab Estimate
$5,750
Closing Costs
$4,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$937

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,475
Loan Amount $202,425
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$12,255

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
  • $0.88

    LIST RENT PER SQFT
  • $1,448

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,2503$1,4954$1,5005$1,600
$1,600
RENT COMPS ANALYSIS
  • 4612 Flatwood Ln Orlando, FL 4
    • 4 beds 3 baths ∙ 1,704 Sqft ∙ Built 1987 4 beds 3 baths ∙ 1,704 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.88
    •  
  • 8619 Catbriar Ln Orlando, FL 1
    • 3 beds 2 baths ∙ 1,588 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,588 Sqft ∙ Built 1983
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.79
    •  
  • 5012 Heartland St Orlando, FL 2
    • 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 2005
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.82
    •  
  • 5436 Florence Harbor Dr Orlando, FL 3
    • 3 beds 2 baths ∙ 1,831 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,831 Sqft ∙ Built 2004
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.82
    •  
  • 8467 Fort Thomas Way Orlando, FL 5
    • 3 beds 2 baths ∙ 1,646 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,646 Sqft ∙ Built 1993
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.97
    •  
PROPERTY LISTING DETAILS
David Gallup
1.407.629.6330
Re/max 200 Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5921363
Last Updated: 02/05/2021
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