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916 Linton Ave Orlando, FL 32809

4 Beds 2 Baths 2,062 sqft Built 1961

$240,000

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1961
  • Price/Sqft : $116.39
  • 2 Days on Market
  • MLS # : O5915664
  • Updated Date : 01/09/2021 at 19:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,062 sqft
  • Baths : 2 full
Listing Agent

Compass Florida, Llc

Listing Agent's Description

Welcome home! This 4 BEDROOM home is tucked away in a NO HOA neighborhood with EASY access to all of Orlando's major roadways, and it's large size means it has a BUNCH of space - inside and out. The house is a perfect blank slate, ready for YOU to transform however you so desire. Complete with a second living space (a fully enclosed Florida room that is under air), this house also boasts a large, fully fenced private back yard, a 5 year old roof, multiple areas created for extra storage, a space for INSIDE LAUNDRY, and possibly best of all - NO CARPET anywhere! Come in, take a look around, and see how you can make this house into your HOME!!!

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: 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
 

$216,000$264,000$240,000

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$834
Property Tax -$273
Property Insurance -$159
Property Management Fees -$129
CASH FLOW
$355

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.

$240,000

PROJECTED PRICE

$1,750

PROJECTED RENT

0.73%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

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$69,350

INVESTMENT

$69,350

Down Payment
$60,000
Rehab Estimate
$5,750
Closing Costs
$3,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$834

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $60,000
Loan Amount $180,000
See What Happens When You Reinvest Cash Flow

12.08

YEARS SAVED

$45,319

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,993

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,559
1$1,5592$1,6493$1,7504$1,950
$1,950
RENT COMPS ANALYSIS
  • 916 Linton Ave Orlando, FL 3
    • 4 beds 2 baths ∙ 2,062 Sqft ∙ Built 1961 4 beds 2 baths ∙ 2,062 Sqft ∙ Built 1961
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.85
    •  
  • 2601 Pineway Dr Orlando, FL 1
    • 3 beds 2 baths ∙ 1,879 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,879 Sqft ∙ Built 1970
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,559
    • $0.83
    •  
  • 213 W Buchanon Ave Orlando, FL 2
    • 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
    •  
  • 5805 Luzon Pl Orlando, FL 4
    • 4 beds 2 baths ∙ 1,756 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,756 Sqft ∙ Built 1960
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.11
    •  
PROPERTY LISTING DETAILS
Jarred Denison
1.407.247.2899
Compass Florida, Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5915664
Last Updated: 01/09/2021
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