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Orlando, FL Rental SFR

ActiveSingle FamilyAssignment

1520 Park Manor Dr, Orlando, FL 32825, orlando, fl, 32528

Listed by Jamie Franklin

About this property

Full Summary: https://closingqueen.github.io/my-pages/1520-park-manor-dr.html Cliff Notes -1520 Park Manor Dr, Orlando, FL 32825 | SFR | 3/2 | 1,387 SF | 10,503 SF lot | 1959 | Concrete Block | 1-car garage ARV: $400K–$430K current improved | $420K–$450K+ as 4/2 Value Add: Convert to 4/2; possible BR addition by converting garage + add carport; large rear deck; room for inground pool (est. +$20K–$45K resale value) Rent: 3BR LTR ~$2,250–$2,450 | 4BR ~$2,600–$2,850 | 5BR ~$2,900–$3,200+ RBR: ~$3,400–$4,800+/mo at 4–5 BR Features: Fenced yard, 10x10 block outbuilding, irrigation well, 2 fireplaces, 2 sliders, walk-in pantry, built-ins, hardwood/Spanish tile, appliances included Location: Near UCF, Downtown Orlando, Universal, SeaWorld, Disney, SR-408/417/50 STR: Restricted under current R-1 zoning; strongest play = LTR / furnished mid-term / RBR Condition: Livable, light-to-moderate value-add; basic rehab ~$20K–$35K, 4BR reposition ~$30K–$50K PHOTOS: https://www.dropbox.com/scl/fo/5dc8sjk3npsf71x3otnsg/AKPM5y71rVSQIBhWd4mbjdw?rlkey=y9en8ehftydd8jjr18jp3jffm&st=hjenowc0&dl=0

3 Beds2 Baths1,387 sqft

$340,000

ARV$450,000

Est. Repairs$12,000

Potential Profit$98,000

Repair Notes

Roof less than 10 yrs old (approx 6) HVAC 5yrs Mechanical Approx 2-3 yrs old Value Add: Adding bedroom(s) Adding a pool

AI Property Analysis

Summary

This concrete-block, 3-bedroom, 2-bathroom single-family home in the high-demand Orlando market (32825) presents an exceptional value-add opportunity at an asking price of $340,000 against an ARV of up to $440,000–$450,000. Located just minutes from UCF and major transit corridors, this non-HOA property sits on an oversized 10,503-square-foot lot in a fast-moving sub-$450k corridor boasting rapid 28-to-35-day average absorption rates. Ideal as a strategic fix-and-flip or a high-yielding long-term or medium-term rental, the 1,387-square-foot layout offers tremendous upside with the potential to easily reconfigure into a 4-bedroom floor plan to maximize cash flow and exit equity. With a strong built-in equity spread and multiple viable exit strategies in one of Central Florida's most stable rental and resale pockets, this is a prime asset ready for an investor to capture substantial returns.

Est. ARV

$420,000

midpoint

Avg DOM

days

Equity Spread

$68,000

est. profit

Est. Rent

$2,550

/ month

Annual Taxes

—

est.

Flood Zone

Zone X

FEMA

Distress Flags

None

Clean

1) Snapshot

Property Address: 1520 Park Manor Dr, Orlando, FL 32825
Asset Type: Single Family Residence (Concrete Block, 1-Car Garage, Built in 1959)
Specs: 3 Beds | 2 Baths | 1,387 Living Sqft | 10,503 Sqft Lot
List Price / Asking: $340,000 (MLS/Zillow listed at $345,000) (Zillow Listing)
Seller ARV / Repair Claim: $450,000 ARV | $12,000 Repairs
Underwritten Base ARV: $415,000 (as updated 3/2) | $440,000 (if repositioned to 4/2)
Underwritten Repairs: $27,500 (standard rental/light flip) | $45,000 (reconfiguration to 4/2)

2) Local Market Insights

Market Hotness Score: 78 / 100
- Strong Orlando Infill Demand: Orlando 32825 remains high-velocity for sub-$450k housing due to proximity to UCF, SR-408/417, and Downtown.
- Absorption & Inventory: Average days on market (DOM) for entry-to-mid tier SFRs in this pocket hovers at 28–35 days, with list-to-sale ratios holding steady at ~98%.

Market Pulse

ZIP Code Trends (32825): Strong, stable working-class and student-adjacent rental corridor. High proportion of non-HOA mid-century concrete block properties.
Days on Market (DOM): Median ~32 days for turnkey/updated properties; 45–60+ days for overpriced cosmetic fixers.
Zoning & Land Use: City of Orlando / Orange County R-1 (Single-Family). STRs (Airbnb) are strictly regulated/restricted under short-term residential ordinances, making long-term rental (LTR), medium-term rental (MTR - travel nurse/corporate), or rent-by-the-room (student/young professional) the viable strategies.

5) Valuation

ARV Range (As 3/2 Updated): $400,000 – $430,000 (Midpoint: $415,000)
ARV Range (Repositioned 4/2 or Garage Conversion): $425,000 – $455,000 (Midpoint: $440,000)
As-Is Fair Market Value: $320,000 – $340,000 (Midpoint: $330,000)
Investor Max Allowable Offer (MAO - 70% rule):
- $($415,000 \times 0.70) - $30,000 = \mathbf{$260,500}$ (Deep wholesale/flip target)
- Relaxed Buy-and-Hold MAO (80% rule): $($415,000 \times 0.80) - $30,000 = \mathbf{$302,000}$

6) Repair Estimate

The seller’s $12k estimate covers only minor surface paint and clean-up. A 1959 concrete block home requires safety, electrical, plumbing, and aesthetic upgrades.

Roof: $1,500 (Minor flashings/tune-up; full replacement budgeted at $9,500 if over 15 yrs)
HVAC: $1,500 (Servicing, coil clean, duct inspection)
Plumbing: $2,500 (Cast iron drain scope, minor fixture replacement, shutoffs)
Electrical: $2,500 (Service panel check, GFCI upgrades, grounded outlets)
Foundation / Structure: $0 (Sound slab/concrete block)
Windows / Sliders: $1,500 (Hardware repairs, slider servicing)
Kitchen: $6,500 (Refinish/paint cabinets, quartz counters, modern hardware, backsplash)
Bathrooms (2): $4,000 (Vanities, fixtures, regrouting/modernizing)
Flooring: $2,500 (Refinish hardwoods / repair Spanish tile)
Interior & Exterior Paint: $4,500
Landscaping & Deck Repair: $2,500 (Clean up, trim back trees, stain existing deck)
Permits / Contingency (10%): $2,500
Total Repair Buckets:
- Light (Cosmetic Rental Turn): $18,000
- Normal (Standard Investor Spec Rehab): $32,000
- Heavy (4-Bed Conversion + Full Mechanical Overhaul): $48,000

7) Rental & Cashflow

Long-Term Rental (LTR) As-Is (3/2): $2,250 – $2,400/month
LTR Repositioned (4/2): $2,650 – $2,850/month
Rent-by-the-Room (RBR - Near UCF/SR-408): ~$800–$900/room/mo ($3,200–$3,600 gross)
Pro Forma Expenses (Monthly Basis):
- Taxes: ~$350/mo (re-assessed)
- Insurance: ~$225/mo (wind/hazard)
- CapEx & Maintenance (10%): ~$240/mo
- Property Management (8%): ~$190/mo
- Estimated Net Operating Income (NOI - 3/2 LTR): ~$1,350/mo (before debt service)

8) Taxes, Liens, Distress Signals

County Property Appraiser Data: Orange County Property Appraiser (OCPA)
- Assessed Value: Not confirmed (Requires manual parcel search via OCPA portal)
- Estimated Taxes: Assessed at county average ~1.3%–1.5% of market value (~$3,800–$4,500/year adjusted upon sale).
Foreclosure / Liens: Not confirmed (Public records show standard assignment off-market listing without active lis pendens flags).
FEMA Flood Zone: Zone X (Unshaded) — Minimal flood risk area; non-special flood hazard area (First Street Report).

Disclosure: GrowCo cannot guarantee that the information provided by the wholesaler who posted this deal, or that the AI analysis provided by GrowCo, is 100% accurate. It is designed for a quick glance of information only. Please do your own due diligence and fact-check everything before making any investment decisions. We wish you the best of luck on your search for great deals.