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735 Royalton Rd Orlando, FL 32825

3 Beds 2 Baths 2,328 sqft Built 1983

$320,000

List Price

$2,050

$1.8K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $137.46
  • 6 Days on Market
  • MLS # : O5925095
  • Updated Date : 02/25/2021 at 10:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,328 sqft
  • Baths : 2 full
Listing Agent

Keller Williams At The Parks

Listing Agent's Description

MULTIPLE OFFER SITUATION: PLEASE SUBMIT HIGHEST AND BEST OFFERS BY SUNDAY AT NOON. Truly a Unique Amazing Home. Pond Front pool home features Media Room with pull down screen and projector, Eat-in kitchen with stainless steel appliances, Great Room with wood burning fireplace, built-in cabinetry, and gleaming wood floors. Incredible Master Suite with Jacuzzi tub, separate shower and double vanities, built-ins plus large closet. Screened patio over looks pool, serene pond, and conservation area beyond. The detached workshop, 18.5x12.5, has a deck with pond view, a window unit A/C, and sliding glass doors. New roof 2017, new a/c 2018, termite bond.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Rio Pines

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $105k331k

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

Neighborhood: Rio Pines

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000Rent in $8592089

* 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
Deerwood Elementary School Primary Regular 442 42 8
Liberty Middle School Middle Regular 1,025 61 2
Colonial High School High Magnet 3,339 160 4

Deerwood Elementary School

  • Education Level: Primary
  • # of students: 442
  • # of teachers: 42
8
GreatSchools Rating

Liberty Middle School

  • Education Level: Middle
  • # of students: 1,025
  • # of teachers: 61
2
GreatSchools Rating

Colonial High School

  • Education Level: High
  • # of students: 3,339
  • # of teachers: 160
4
GreatSchools Rating
 

$288,000$352,000$320,000

PURCHASE PRICE

$1,845$2,255$2,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,050
EXPENSES Loan Payment -$1,111
Property Tax -$417
Property Insurance -$175
Property Management Fees -$129
CASH FLOW
$217

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.

$320,000

PROJECTED PRICE

$2,050

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 8.0%
Maintenance Year (1-5) 8.00%
Vacancy 5.99%
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$0.0$5.0k$10k$15k$20k

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$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,111

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

8.75

YEARS SAVED

$38,427

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,050

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,078

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7403$2,0504$2,1955$2,300
$2,300
RENT COMPS ANALYSIS
  • 735 Royalton Rd Orlando, FL 3
    • 3 beds 2 baths ∙ 2,328 Sqft ∙ Built 1983 3 beds 2 baths ∙ 2,328 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.88
    •  
  • 128 S Shadow Bay Dr Orlando, FL 1
    • 3 beds 2 baths ∙ 2,020 Sqft ∙ Built 1983 3 beds 2 baths ∙ 2,020 Sqft ∙ Built 1983
    LEASED 04/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.84
    •  
  • 2010 Gamboge Dr Orlando, FL 2
    • 3 beds 2 baths ∙ 2,039 Sqft ∙ Built 1988 3 beds 2 baths ∙ 2,039 Sqft ∙ Built 1988
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.85
    •  
  • 1642 Via Pilar Orlando, FL 4
    • 4 beds 2 baths ∙ 2,344 Sqft ∙ Built 1981 4 beds 2 baths ∙ 2,344 Sqft ∙ Built 1981
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.94
    •  
  • 1111 Pinar Dr Orlando, FL 5
    • 3 beds 3 baths ∙ 2,458 Sqft ∙ Built 1968 3 beds 3 baths ∙ 2,458 Sqft ∙ Built 1968
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.94
    •  
PROPERTY LISTING DETAILS
Tania Harmon
1.407.222.3638
Keller Williams At The Parks
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5925095
Last Updated: 02/25/2021
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