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724 Nana Ave Orlando, FL 32809

4 Beds 2 Baths 1,716 sqft Built 1967

$259,900

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1967
  • Price/Sqft : $151.46
  • 3 Days on Market
  • MLS # : S5044519
  • Updated Date : 01/02/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,716 sqft
  • Baths : 2 full
Listing Agent

Agent Trust Realty Corporation

Listing Agent's Description

Wow ! HGTV - Worthy renovation ! NO HOA ! Located in Skylake Subdivision. Generous sized laminate floors in the family room and tile on wet areas, stunning kitchen Cabinets with granite counter tops with Stainless steel appliances, beautiful bathrooms with fashion cabinets and tile design. New paint inside and out throughout the home, new doors, fenced ,New roof , New Carrier A/C Unit, Prepare to be impressed ! Enjoy the back yard and nice BBQ with your friends and family. Don't miss this chance to own this beautiful home ! LOCATION, LOCATION, LOCATION only minutes away to down town, 15 minutes to the airport, 5 minutes to the FL Mall, 15 minutes to theme Parks and shops and minutes to major roads... Must see!!!

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: Sky Lake

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $64k253k

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

Neighborhood: Sky Lake

ZipNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8051712

* 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
 

$233,910$285,890$259,900

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$959
Property Tax -$296
Property Insurance -$139
Property Management Fees -$129
CASH FLOW
-$42

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.

$259,900

PROJECTED PRICE

$1,480

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 13.2%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,624

INVESTMENT

$74,624

Down Payment
$64,975
Rehab Estimate
$5,750
Closing Costs
$3,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$959

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $64,975
Loan Amount $194,925
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$12,327

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,480

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,459

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,025
1$1,0252$1,0503$1,4004$1,4805$1,649
$1,649
RENT COMPS ANALYSIS
  • 724 Nana Ave Orlando, FL 4
    • 4 beds 2 baths ∙ 1,716 Sqft ∙ Built 1967 4 beds 2 baths ∙ 1,716 Sqft ∙ Built 1967
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $0.86
    •  
  • 812 Nana Ave Orlando, FL 1
    • 4 beds 2 baths ∙ 1,551 Sqft ∙ Built 1966 4 beds 2 baths ∙ 1,551 Sqft ∙ Built 1966
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,025
    • $0.66
    •  
  • 529 American Heritage Pkwy Orlando, FL 2
    • 3 beds 2 baths ∙ 1,386 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,386 Sqft ∙ Built 1973
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $0.76
    •  
  • 6725 Kelland Ave Orlando, FL 3
    • 4 beds 2 baths ∙ 1,375 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,375 Sqft ∙ Built 1970
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.02
    •  
  • 213 W Buchanon Ave Orlando, FL 5
    • 4 beds 2 baths ∙ 1,718 Sqft ∙ Built 1958 4 beds 2 baths ∙ 1,718 Sqft ∙ Built 1958
    LEASED 08/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,649
    • $0.96
    •  
PROPERTY LISTING DETAILS
Diego Escobar
1.407.575.9933
Agent Trust Realty Corporation
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: S5044519
Last Updated: 01/02/2021
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