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7745 Stratford Blvd Orlando, FL 32807

3 Beds 2 Baths 1,348 sqft Built 1970

$239,000

List Price

$1,360

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $177.30
  • 4 Days on Market
  • MLS # : O5919923
  • Updated Date : 01/29/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,348 sqft
  • Baths : 2 full
Listing Agent

Home Pro Realty Corp.

Listing Agent's Description

Large move in ready home on a large corner lot!! Home includes a large front screened in porch, a covered back patio, large fenced yard with a storage shed, big open family room, a separate living/dinging room, 3 bedrooms, 2 bathrooms, updated kitchen with newer appliances, and an updated electrical system. The floors are ceramic tile throughout and wood laminate in the bedrooms. Fans in every room, and inside was painted. Plenty of room inside and outside to enjoy hanging out at home!

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: Ivanhoe Estates

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $61k253k

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

Neighborhood: Ivanhoe Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8091712

* 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
Cheney Elementary School Primary Regular 509 33 8
Glenridge Middle School Middle Regular 1,415 77 6
Winter Park High School High Magnet 3,069 164 7

Cheney Elementary School

  • Education Level: Primary
  • # of students: 509
  • # of teachers: 33
8
GreatSchools Rating

Glenridge Middle School

  • Education Level: Middle
  • # of students: 1,415
  • # of teachers: 77
6
GreatSchools Rating

Winter Park High School

  • Education Level: High
  • # of students: 3,069
  • # of teachers: 164
7
GreatSchools Rating
 

$215,100$262,900$239,000

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 -$830
Property Tax -$272
Property Insurance -$117
Property Management Fees -$129
CASH FLOW
$12

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.

$239,000

PROJECTED PRICE

$1,360

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 13.7%
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$69,085

INVESTMENT

$69,085

Down Payment
$59,750
Rehab Estimate
$5,750
Closing Costs
$3,585

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$830

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $59,750
Loan Amount $179,250
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$12,819

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
  • $1.01

    LIST RENT PER SQFT
  • $1,291

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,3603$1,3754$1,4005$1,400
$1,400
RENT COMPS ANALYSIS
  • 7745 Stratford Blvd Orlando, FL 2
    • 3 beds 2 baths ∙ 1,348 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,348 Sqft ∙ Built 1970
    • Rent
    • Rent Per SQFT
    •  
    • $1,360
    • $1.01
    •  
  • 8039 Tompkins Sq #2 Orlando, FL 1
    • 3 beds 1 baths ∙ 1,375 Sqft ∙ Built 1970 3 beds 1 baths ∙ 1,375 Sqft ∙ Built 1970
    LEASED 11/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.94
    •  
  • 8101 Alveron Ave Orlando, FL 3
    • 3 beds 2 baths ∙ 1,372 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,372 Sqft ∙ Built 1971
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $1.00
    •  
  • 8019 Tompkins Sq Orlando, FL 4
    • 4 beds 2 baths ∙ 1,480 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,480 Sqft ∙ Built 1970
    LEASED 09/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.95
    •  
  • 7728 Lady Frances Way Orlando, FL 5
    • 3 beds 2 baths ∙ 1,482 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,482 Sqft ∙ Built 1971
    LEASED 11/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.94
    •  
PROPERTY LISTING DETAILS
Andre Visser
1.321.217.7800
Home Pro Realty Corp.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5919923
Last Updated: 01/29/2021
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