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7210 Leighton Way Orlando, FL 32822

3 Beds 2 Baths 1,180 sqft Built 1968

$255,000

List Price

$1,340

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1968
  • Price/Sqft : $216.10
  • 10 Days on Market
  • MLS # : O5901330
  • Updated Date : 10/29/2020 at 23:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,180 sqft
  • Baths : 2 full
Listing Agent

Happy Homes Realty

Listing Agent's Description

Great location! Come and see this house, Only minutes from downtown Orlando, Art Center, Hotels, Restaurants, shopping area & Malls. Close to Orlando International Airport, Valencia College, Hospital City. Great home for outdoor entertainment! Large inground pool Stainless steel appliances in beautiful kitchen with granite counter tops. Bathrooms remodeled and upgraded. Garage was turned into a 4th bedroom or bonus room Large Lot. You won't be disappointed!

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: Azalea Park

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $69k253k

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

Neighborhood: Azalea Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7861712

* 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
 

$229,500$280,500$255,000

PURCHASE PRICE

$1,206$1,474$1,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,340
EXPENSES Loan Payment -$941
Property Tax -$290
Property Insurance -$107
Property Management Fees -$121
CASH FLOW
-$118

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.

$255,000

PROJECTED PRICE

$1,340

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 13.0%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,325

INVESTMENT

$73,325

Down Payment
$63,750
Rehab Estimate
$5,750
Closing Costs
$3,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$941

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $63,750
Loan Amount $191,250
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$4,009

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,340

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $1,336

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$1,000
1$1,0002$1,2753$1,3404$1,4005$1,450
$1,450
RENT COMPS ANALYSIS
  • 7210 Leighton Way Orlando, FL 3
    • 3 beds 2 baths ∙ 1,180 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,180 Sqft ∙ Built 1968
    • Rent
    • Rent Per SQFT
    •  
    • $1,340
    • $1.14
    •  
  • 7301 Autumnvale Dr Orlando, FL 1
    • 3 beds 2 baths ∙ 1,128 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,128 Sqft ∙ Built 1957
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,000
    • $0.89
    •  
  • 7905 Toler Ct #2 Orlando, FL 2
    • 3 beds 2 baths ∙ 1,132 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,132 Sqft ∙ Built 1984
    LEASED 01/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $1.13
    •  
  • 7640 Rio Pinar Lakes Blvd #1 Orlando, FL 4
    • 3 beds 2 baths ∙ 1,120 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,120 Sqft ∙ Built 1982
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.25
    •  
  • 2811 Blind Owl Dr Orlando, FL 5
    • 3 beds 2 baths ∙ 1,154 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,154 Sqft ∙ Built 1981
    LEASED 04/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.26
    •  
PROPERTY LISTING DETAILS
Louise Sanchez
1.407.273.3514
Happy Homes Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5901330
Last Updated: 10/29/2020
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