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

4724 Deer Rd Orlando, FL 32812

4 Beds 2 Baths 1,778 sqft Built 1977

INVESTimate

$349,000

List Price

$1,690

$1,521 - $1,859

Rent Est.

$374,756  ( +7.38%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1977
  • Price/Sqft : $196.29
  • 7 Days on Market
  • MLS # : S5038644
  • Updated Date : 08/21/2020 at 11:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,778 sqft
  • Baths : 2 full
Listing Agent

Fortress International Realty Llc

Listing Agent's Description

Welcome to Conway, Large 4 bedroom with Florida room in Gatlin Heights community. Also Featuring inside laundry room, 2 car garage, Wood burning fireplace in family room, Big fenced back yard with paved patio and utility shed, New Roof in 2017, Complete Kitchen remodel (granite countertops, backsplash, new cabinets ), Stainless Steel appliances, brand new electric water heater, white vinyl fence, new paint inside and outside, beautiful backyard with different kind of fruits, plenty of parking space and much more ! No HOA. Located near major roads, Down Town Orlando, International Airport, Parks, shopping and restaurants. Call to schedule your showing today.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Gatlin Heights

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $105k294k

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

Neighborhood: Gatlin Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9741712

* 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
Boone High School High Magnet 2,763 141 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

Boone High School

  • Education Level: High
  • # of students: 2,763
  • # of teachers: 141
7
GreatSchools Rating
 

$314,100$383,900$349,000

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$1,288
Property Tax -$397
Property Insurance -$142
Property Management Fees -$152
CASH FLOW
-$289

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.

$349,000

PROJECTED PRICE

$1,690

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 7.38%
Maintenance Year (1-5) 8.00%
Vacancy 6.01%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,235

INVESTMENT

$98,235

Down Payment
$87,250
Rehab Estimate
$5,750
Closing Costs
$5,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,288

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,250
Loan Amount $261,750
See What Happens When You Reinvest Cash Flow

0.75

YEARS SAVED

$1,427

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,769

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,6903$1,6994$1,7005$1,755
$1,755
RENT COMPS ANALYSIS
  • 4724 Deer Rd Orlando, 2
    • 4 beds 2 baths ∙ 1,778 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,778 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.95
    •  
  • 5440 Conway Oaks Ct Orlando, 1
    • 3 beds 2 baths ∙ 1,471 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,471 Sqft ∙ Built 1988
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.88
    •  
  • 4521 Conway Gardens Rd Orlando, 3
    • 4 beds 2 baths ∙ 1,691 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,691 Sqft ∙ Built 1971
    LEASED 02/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $1.00
    •  
  • 4543 Ironstone Cir Orlando, 4
    • 3 beds 2 baths ∙ 1,589 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,589 Sqft ∙ Built 1983
    LEASED 07/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.07
    •  
  • 5444 Conway Oaks Ct Orlando, 5
    • 5 beds 2 baths ∙ 1,696 Sqft ∙ Built 1988 5 beds 2 baths ∙ 1,696 Sqft ∙ Built 1988
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,755
    • $1.03
    •  
PROPERTY LISTING DETAILS
Elaine Garcia Arano
1.407.415.1403
Fortress International Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: S5038644
Last Updated: 08/21/2020
BESbswy