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4851 Rabama Pl Orlando, FL 32812

4 Beds 2 Baths 1,795 sqft Built 1970

$375,000

List Price

$1,840

$1.7K - $2K

Rent Est.

PROPERTY INFO

January 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $208.91
  • 7 Days on Market
  • MLS # : V4917130
  • Updated Date : 01/12/2021 at 15:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,795 sqft
  • Baths : 2 full
Listing Agent

Newberry Realty & Dev Grp Inc.

Listing Agent's Description

Stunning 4BD/2BTH House with a pool in the conveniently located neighborhood of Dover Estates, minutes away from Downtown Orlando. This home features a split floor plan with a Master Suite on one end of the home and 3BD and Newly Renovated Bathroom on the other. From the Main Living area one walks through a large screened porch out to the backyard oasis that features a yard and a gorgeous pool. Perfect home for entertaining and the extra large bedrooms make this home comfortable for the whole family.

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: Dover Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $105k289k

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

Neighborhood: Dover Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210501100115012001250130013501400145015001550160016501700Rent in $10261712

* 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
 

$337,500$412,500$375,000

PURCHASE PRICE

$1,656$2,024$1,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,840
EXPENSES Loan Payment -$1,303
Property Tax -$466
Property Insurance -$143
Property Management Fees -$129
CASH FLOW
-$201

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.

$375,000

PROJECTED PRICE

$1,840

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 10.4%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$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$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,303

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$6,433

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,840

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,674

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5503$1,5884$1,6995$1,840
$1,840
RENT COMPS ANALYSIS
  • 4851 Rabama Pl Orlando, FL 5
    • 4 beds 2 baths ∙ 1,795 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,795 Sqft ∙ Built 1970
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $1.03
    •  
  • 5089 Fayann St Orlando, FL 1
    • 3 beds 2 baths ∙ 1,806 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,806 Sqft ∙ Built 1974
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.83
    •  
  • 4980 Cedar Bay St Orlando, FL 2
    • 4 beds 3 baths ∙ 1,711 Sqft ∙ Built 1966 4 beds 3 baths ∙ 1,711 Sqft ∙ Built 1966
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.91
    •  
  • 5021 Natalie St Orlando, FL 3
    • 3 beds 2 baths ∙ 1,679 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,679 Sqft ∙ Built 1978
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,588
    • $0.95
    •  
  • 4629 Arcie St Orlando, FL 4
    • 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 1959
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $1.04
    •  
PROPERTY LISTING DETAILS
Chad Newberry
1.321.607.2354
Newberry Realty & Dev Grp Inc.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: V4917130
Last Updated: 01/12/2021
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