Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

821 Park Manor Dr. Orlando, FL 32825

3 Beds 2 Baths 1,525 sqft Built 1970

$274,900

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $180.26
  • 5 Days on Market
  • MLS # : O5925915
  • Updated Date : 02/25/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,525 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

LOCATION! LOCATION! Welcome home to this beautiful single family home in the highly sought after East Orlando area. Close to UCF and Valencia College, Waterford shopping area, easy access to the airport, and only 15 minutes to Downtown. Walk to the highly rated Lawton Chiles Elementary! This home sits on a corner lot spacious .23 acres and NO HOA! This home features 3 bedrooms plus an office and 2 bathrooms. The home features a brand new roof just finished 1 month ago. Windows replaced in 2017, Newer AC, Newer Kitchen and stainless steel appliances. This homes comes with a one year old republic home warranty and Solar Panels! This won't last long! Schedule your showing!

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: Park Manor Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $97k253k

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

Neighborhood: Park Manor Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8861712

* 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
Lawton Chiles Elementary School Primary Regular 692 49 7
Union Park Middle School Middle Regular 873 52 3
University High School High Magnet 3,111 141 5

Lawton Chiles Elementary School

  • Education Level: Primary
  • # of students: 692
  • # of teachers: 49
7
GreatSchools Rating

Union Park Middle School

  • Education Level: Middle
  • # of students: 873
  • # of teachers: 52
3
GreatSchools Rating

University High School

  • Education Level: High
  • # of students: 3,111
  • # of teachers: 141
5
GreatSchools Rating
 

$247,410$302,390$274,900

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$955
Property Tax -$313
Property Insurance -$127
Property Management Fees -$129
CASH FLOW
$56

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.

$274,900

PROJECTED PRICE

$1,580

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 9.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.01%
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$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,599

INVESTMENT

$78,599

Down Payment
$68,725
Rehab Estimate
$5,750
Closing Costs
$4,124

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$955

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,725
Loan Amount $206,175
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$18,875

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,580

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,434

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,4953$1,5504$1,5805$1,588
$1,588
RENT COMPS ANALYSIS
  • 821 Park Manor Dr. Orlando, FL 4
    • 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 1970
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $1.04
    •  
  • 939 Scandia Ln Orlando, FL 1
    • 4 beds 2 baths ∙ 1,428 Sqft ∙ Built 1969 4 beds 2 baths ∙ 1,428 Sqft ∙ Built 1969
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.84
    •  
  • 10929 Tangora St Orlando, FL 2
    • 4 beds 2 baths ∙ 1,584 Sqft ∙ Built 1969 4 beds 2 baths ∙ 1,584 Sqft ∙ Built 1969
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.94
    •  
  • 10120 Jepson St Orlando, FL 3
    • 3 beds 2 baths ∙ 1,502 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,502 Sqft ∙ Built 1988
    property image
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.03
    •  
  • 5021 Natalie St Orlando, FL 5
    • 3 beds 2 baths ∙ 1,679 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,679 Sqft ∙ Built 1978
    property image
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,588
    • $0.95
    •  
PROPERTY LISTING DETAILS
Jeena Sanchez Frias
1.407.729.6927
Exp Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5925915
Last Updated: 02/25/2021
BESbswy