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4721 Spaniel St Orlando, FL 32818

4 Beds 3 Baths 2,455 sqft Built 1991

$287,500

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $117.11
  • 3 Days on Market
  • MLS # : S5046103
  • Updated Date : 02/05/2021 at 22:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,455 sqft
  • Baths : 2 full , 1 half
Listing Agent

Charles Rutenberg Realty Orlando

Listing Agent's Description

Stunning and spacious single family home located in the Hiawassee Oaks subdivision with four bedrooms, two and a half bathrooms and two-car garage. Located on 0.25 acres, this single family home offers many excellent features including a newer roof completed in 2019, wonderful layout with vaulted ceilings, windows providing natural lighting, ceiling fans, and ceramic tile and laminate wood flooring throughout. The spacious kitchen leads to the screened porch, overlooking the large fenced backyard that will surely impress guests with plenty of room for entertaining. The first floor offers a large master bedroom with closet and ensuite bathroom, that can be used for an office/den and leading to the front living room. The second floor includes the three additional bedrooms. Excellent location and a short drive away from downtown Orlando, parks, hospitals,, I-4, 408, and endless shopping and restaurants nearby. Come take a tour of this stunning and spacious single family home located in the Hiawassee Oaks subdivision in Orlando today!

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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: Hiawassee Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $105k360k

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

Neighborhood: Hiawassee Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210501100115012001250130013501400145015001550160016501700Rent in $10281712

* 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
Lake Gem Elementary School Primary Regular 901 58 3
Robinswood Middle School Middle Magnet 1,232 71 2
Evans High School High Magnet 2,355 117 3

Lake Gem Elementary School

  • Education Level: Primary
  • # of students: 901
  • # of teachers: 58
3
GreatSchools Rating

Robinswood Middle School

  • Education Level: Middle
  • # of students: 1,232
  • # of teachers: 71
2
GreatSchools Rating

Evans High School

  • Education Level: High
  • # of students: 2,355
  • # of teachers: 117
3
GreatSchools Rating
 

$258,750$316,250$287,500

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$999
Property Tax -$328
Property Insurance -$183
HOA -$33
Property Management Fees -$129
CASH FLOW
-$21

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.

$287,500

PROJECTED PRICE

$1,650

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 11.3%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$81,938

INVESTMENT

$81,938

Down Payment
$71,875
Rehab Estimate
$5,750
Closing Costs
$4,313

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$999

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $71,875
Loan Amount $215,625
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$12,303

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $1,811

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7003$1,7504$1,9005$1,950
$1,950
RENT COMPS ANALYSIS
  • 4721 Spaniel St Orlando, FL 1
    • 4 beds 3 baths ∙ 2,455 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,455 Sqft ∙ Built 1991
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.67
    •  
  • 7533 Rex Hill Trl #5 Orlando, FL 2
    • 4 beds 3 baths ∙ 2,285 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,285 Sqft ∙ Built 2005
    property image
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.74
    •  
  • 7346 Woodworth Way #5 Orlando, FL 3
    • 4 beds 2 baths ∙ 2,723 Sqft ∙ Built 1992 4 beds 2 baths ∙ 2,723 Sqft ∙ Built 1992
    property image
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.64
    •  
  • 7716 Dryden Way Orlando, FL 4
    • 4 beds 3 baths ∙ 2,295 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,295 Sqft ∙ Built 2004
    property image
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.83
    •  
  • 5244 Labrador Ln Orlando, FL 5
    • 3 beds 3 baths ∙ 2,652 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,652 Sqft ∙ Built 1995
    property image
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.74
    •  
PROPERTY LISTING DETAILS
Carlos Rocha
1.321.662.3344
Charles Rutenberg Realty Orlando
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: S5046103
Last Updated: 02/05/2021
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