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4703 Glenview Ln Orlando, FL 32821

3 Beds 2 Baths 1,873 sqft Built 1981

$249,900

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $133.42
  • 3 Days on Market
  • MLS # : O5928278
  • Updated Date : 03/06/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,873 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Welcome to quiet convenient Green Briar Village in Williamsburg. The split floor plan features an oversized and fabulous great room. There is a large living room/dining room area with a breakfast bar at the entrance to the bright kitchen with stainless steel refrigerator and stove and lots of cabinet and counter space. Large master bedroom with nice master bath with walk in shower. Good sized bedrooms with large guest bathroom. This is a delightful family neighborhood, The HOA includes lawn care, maintenance of community pool, basketball court, tennis court, table tennis. This is the perfect opportunity for investors and for first time home buyers. This Williamsburg community is conveniently located near all of Central Florida's world-famous attractions: Just a close step to Sea World, Aquatica & I-Drive. Fantastic location with great highway access to Universal's Citywalk & Parks, Walt Disney World Resort. Also, golfing, shopping, dining, and plentiful entertainment can be found around every turn. The house is located near 528 (Beachline), I-4 and only 12 miles from the Orlando International Airport. Shopping is only a few blocks away, as the home is close to the Florida Mall, the Loop, International Drive and Williamsburg Down, a collection of small shops and grocery shopping. This home is in a quiet little neighborhood nestled away in the heart of Florida so you can enjoy the lovely neighborhood and still be in the hustle and bustle of downtown in only a few minutes.

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: Green Briar Village

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $69k253k

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

Neighborhood: Green Briar Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8951712

* 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
Waterbridge Elementary School Primary Regular 1,137 72 5
Freedom Middle School Middle Regular 1,040 58 3
Freedom High School High Regular 3,281 149 6

Waterbridge Elementary School

  • Education Level: Primary
  • # of students: 1,137
  • # of teachers: 72
5
GreatSchools Rating

Freedom Middle School

  • Education Level: Middle
  • # of students: 1,040
  • # of teachers: 58
3
GreatSchools Rating

Freedom High School

  • Education Level: High
  • # of students: 3,281
  • # of teachers: 149
6
GreatSchools Rating
 

$224,910$274,890$249,900

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$868
Property Tax -$307
Property Insurance -$148
HOA -$5
Property Management Fees -$129
CASH FLOW
$262

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.

$249,900

PROJECTED PRICE

$1,720

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 11.1%
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$200k$400k$600k$800k$1.0M

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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

10.08

YEARS SAVED

$36,403

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,718

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,685
1$1,6852$1,7003$1,7204$1,7205$1,725
$1,725
RENT COMPS ANALYSIS
  • 4703 Glenview Ln Orlando, FL 4
    • 3 beds 2 baths ∙ 1,873 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,873 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.92
    •  
  • 10212 Sw Genesee Ln Ne Orlando, FL 1
    • 3 beds 2 baths ∙ 1,840 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,840 Sqft ∙ Built 1981
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,685
    • $0.92
    •  
  • 4801 Ganimede Ln Orlando, FL 2
    • 3 beds 2 baths ∙ 1,873 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,873 Sqft ∙ Built 1981
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.91
    •  
  • 10322 Lollipop Ln Orlando, FL 3
    • 3 beds 2 baths ∙ 1,873 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,873 Sqft ∙ Built 1981
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.92
    •  
  • 10008 Garrison Ln Orlando, FL 5
    • 3 beds 2 baths ∙ 1,873 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,873 Sqft ∙ Built 1981
    LEASED 02/23/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.92
    •  
PROPERTY LISTING DETAILS
Robert Christiano
1.407.353.5714
Coldwell Banker Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5928278
Last Updated: 03/06/2021
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