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9920 4th Ave 
Orlando, FL
32824
3 Beds 2 Baths 1,259 sqft
Built 2008
INVESTimate
$224,900
List Price
$65,349
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PROPERTY INFO
FACTS
- Built In 2008
- Price/Sqft : $178.63
- 2 Days on Market
- MLS # : S5038838
- Updated Date : 08/26/2020 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,259 sqft
- Baths : 2 full
Listing Agent
Fierce Realty
Listing Agent's Description
LOCATION LOCATION LOCATION! Need to be close to the airport? CHECK! Enjoy visiting local Orlando area attractions? CHECK! Come tour this must see 3-bedroom 2-bathroom block home! This quiet little neighborhood is conveniently located minutes from parks, shopping, restaurants, and entertainment. Less than 15 minutes to Walt Disney World and the Orlando International Airport! Spacious fenced backyard, nice kitchen and cabinets, open concept and very clean. Professional pictures coming soon! Schedule your private showing today!
SEE MORE
- 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.
- 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)
PRICE & RENT TRENDS
Neighborhood: Taft
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Taft
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,500 |
| EXPENSES | Loan Payment | -$830 |
| Property Tax | -$252 | |
| Property Insurance | -$111 | |
| Property Management Fees | -$135 | |
|
CASH FLOW
$172
|
||
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.
$224,900
PROJECTED PRICE
$1,500
PROJECTED RENT
0.67%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.01% |
| Appreciation Year (1-5) | 7.23% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.82% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$65,349
LOAN DETAILS
$830
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $56,225 |
| Loan Amount | $168,675 |
7.75
YEARS SAVED
$27,184
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,500
LIST RENT -
$1.19
LIST RENT PER SQFT
-
COMP ESTIMATED VALUE -
COMP AVG. RENT PER SQFT
Comps Range
-
9920 4th Ave Orlando,
- 3 beds 2 baths ∙ 1,259 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,259 Sqft ∙ Built 2008
- Rent
- Rent Per SQFT
- $1,500
- $1.19
PROPERTY LISTING DETAILS
1.321.231.4108
Fierce Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: S5038838
Last Updated: 08/26/2020
