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4857 Pat Ann Ter Orlando, FL 32808

3 Beds 2 Baths 1,583 sqft Built 1966

$205,000

List Price

$1,360

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

December 29, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1966
  • Price/Sqft : $129.50
  • 6 Days on Market
  • MLS # : O5910866
  • Updated Date : 12/29/2020 at 19:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,583 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

A gorgeous updated home and ready for a new owner... and IT COULD BE YOU!! This spacious 3 bedroom-2 bathroom home has a tastefully updated kitchen and bathrooms. The home sits on an oversized lot that is more than a 1/4 acre and it's one of the largest on the market in the neighborhood. The backyard is a relaxing oasis with a screened in patio and a hot tub overlooking a well manicured lawn. This well established neighborhood is centrally located with major roadways and shopping nearby. It's also less than 30 minutes from downtown Orlando and theme parks. This home is and must see, schedule your appointment soon it's surely to go quickly.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Orlando metro employment growth is at 3.5% and predicted to grow at 2.5% in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Sylvan Hylands

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240kPrice in $55k253k

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

Neighborhood: Sylvan Hylands

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8371712

* 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
Cornerstone Charter Academy High School High Charter 372 21 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

Cornerstone Charter Academy High School

  • Education Level: High
  • # of students: 372
  • # of teachers: 21
7
GreatSchools Rating
 

$184,500$225,500$205,000

PURCHASE PRICE

$1,224$1,496$1,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,360
EXPENSES Loan Payment -$756
Property Tax -$233
Property Insurance -$131
Property Management Fees -$129
CASH FLOW
$111

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.

$205,000

PROJECTED PRICE

$1,360

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 12.4%
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

PROJECTED ANNUAL CASH FLOW

11530$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$60,075

INVESTMENT

$60,075

Down Payment
$51,250
Rehab Estimate
$5,750
Closing Costs
$3,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$756

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $51,250
Loan Amount $153,750
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$22,985

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,360

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,164

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$925
1$9252$1,2503$1,3254$1,3605$1,375
$1,375
RENT COMPS ANALYSIS
  • 4857 Pat Ann Ter Orlando, FL 4
    • 3 beds 2 baths ∙ 1,583 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,583 Sqft ∙ Built 1966
    • Rent
    • Rent Per SQFT
    •  
    • $1,360
    • $0.86
    •  
  • 2127 Ashland Blvd Orlando, FL 1
    • 3 beds 2 baths ∙ 1,461 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,461 Sqft ∙ Built 1969
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $925
    • $0.63
    •  
  • 1103 Ferndell Rd Orlando, FL 2
    • 4 beds 2 baths ∙ 1,635 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,635 Sqft ∙ Built 1955
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.76
    •  
  • 2524 Martinwood Dr Orlando, FL 3
    • 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 1959
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.76
    •  
  • 1713 Lake Lorine Dr Orlando, FL 5
    • 4 beds 2 baths ∙ 1,733 Sqft ∙ Built 1958 4 beds 2 baths ∙ 1,733 Sqft ∙ Built 1958
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.79
    •  
PROPERTY LISTING DETAILS
Ziesha Williams Gatlin
1.407.209.7791
Coldwell Banker Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5910866
Last Updated: 12/29/2020
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