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

905 Murdock Blvd Orlando, FL 32825

3 Beds 1 Baths 1,200 sqft Built 1965

$225,000

List Price

$1,270

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1965
  • Price/Sqft : $187.50
  • 3 Days on Market
  • MLS # : O5921789
  • Updated Date : 02/06/2021 at 14:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,200 sqft
  • Baths : 1 full
Listing Agent

Keller Williams At The Parks

Listing Agent's Description

Newly renovated 3 bedroom home on a large corner lot. This home has brand new kitchen cabinets with granite counter tops and a $2,500 appliance package so you can chose your own appliances. It has been freshly painted and has new flooring throughout. The bathroom has brand new porcelain tile. The converted garage offers the possibility of an additional bedroom with a walk in closet or a bonus room with an office. PARK MANOR ESTATES is a quiet and established East Orlando neighborhood just minutes from Downey Park. The park is huge and family friendly with volleyball, baseball, a large splash area, two playgrounds, workout area, pavilions, grills, picnic tables and lots of open green space. There is also a beautiful dock that allows you to walk out into the lake and enjoy the view. 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! All of this with no HOA fees.

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: 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
 

$202,500$247,500$225,000

PURCHASE PRICE

$1,143$1,397$1,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,270
EXPENSES Loan Payment -$782
Property Tax -$256
Property Insurance -$108
Property Management Fees -$129
CASH FLOW
-$4

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.

$225,000

PROJECTED PRICE

$1,270

PROJECTED RENT

0.56%

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$100k$200k$300k$400k$500k$600k$700k$800k

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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$782

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$11,501

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,270

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $978

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$850
1$8502$9953$1,1004$1,2005$1,270
$1,270
RENT COMPS ANALYSIS
  • 905 Murdock Blvd Orlando, FL 5
    • 3 beds 1 baths ∙ 1,200 Sqft ∙ Built 1965 3 beds 1 baths ∙ 1,200 Sqft ∙ Built 1965
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,270
    • $1.06
    •  
  • 10377 Smyrna Dr Orlando, FL 1
    • 3 beds 2 baths ∙ 990 Sqft ∙ Built 1980 3 beds 2 baths ∙ 990 Sqft ∙ Built 1980
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $850
    • $0.86
    •  
  • 877 Oak Manor Cir Orlando, FL 2
    • 3 beds 2 baths ∙ 1,377 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,377 Sqft ∙ Built 1985
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $995
    • $0.72
    •  
  • 2132 Rouse Lake Rd Orlando, FL 3
    • 3 beds 2 baths ∙ 1,313 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,313 Sqft ∙ Built 1973
    property image
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.84
    •  
  • 939 Scandia Ln Orlando, FL 4
    • 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
    •  
PROPERTY LISTING DETAILS
Katherine Kinchla
1.407.468.9166
Keller Williams At The Parks
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5921789
Last Updated: 02/06/2021
BESbswy