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11212 Rouse Run Cir Orlando, FL 32817

3 Beds 2 Baths 1,743 sqft Built 2005

$320,000

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $183.59
  • 5 Days on Market
  • MLS # : O5926007
  • Updated Date : 02/25/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,743 sqft
  • Baths : 2 full
Listing Agent

Bhhs Florida Realty

Listing Agent's Description

This beautiful and move in ready home is located on an OVERSIZED CORNER LOT backing to conservation area with total privacy. The home features vaulted ceilings, new custom waterproof and scratch resistant wood flooring and amazing natural light. The home has an open floor plan that includes a spacious dining, living and family room. The kitchen is spacious with ample cabinet space and an area carved out for a second small dining area. The spacious master is en suite and boasts a large walk in closet and updated bath with dual sinks, a standing custom upgraded shower with frameless glass door and additional closet. The second bathroom has also been beautifully remodeled featuring a separate soaking tub. The home has all new light fixtures and ceiling fans throughout. Enjoy total privacy in your screened in patio along with an outdoor covered porch. Located minutes to Blanchard Park, UCF, Valencia East, The Quadrangle, Waterford Lakes Town Center, Parks, Restaurants and a quick drive to the 408!

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: Rouse Run

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $105k264k

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

Neighborhood: Rouse Run

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7561712

* 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
Riverdale Elementary School Primary Regular 674 45 3
Corner Lake Middle School Middle Regular 1,220 68 3
University High School High Magnet 3,111 141 5

Riverdale Elementary School

  • Education Level: Primary
  • # of students: 674
  • # of teachers: 45
3
GreatSchools Rating

Corner Lake Middle School

  • Education Level: Middle
  • # of students: 1,220
  • # of teachers: 68
3
GreatSchools Rating

University High School

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

$288,000$352,000$320,000

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$1,111
Property Tax -$364
Property Insurance -$140
HOA -$27
Property Management Fees -$129
CASH FLOW
-$142

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.

$320,000

PROJECTED PRICE

$1,630

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 8.3%
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-$4.0k-$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,111

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$6,999

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,678

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,630
1$1,6302$1,6383$1,6504$1,8005$1,900
$1,900
RENT COMPS ANALYSIS
  • 11212 Rouse Run Cir Orlando, FL 1
    • 3 beds 2 baths ∙ 1,743 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,743 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $0.94
    •  
  • 11030 Rouse Run Cir Orlando, FL 2
    • 4 beds 2 baths ∙ 1,816 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,816 Sqft ∙ Built 2003
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,638
    • $0.90
    •  
  • 11526 Rouse Run Cir Orlando, FL 3
    • 3 beds 2 baths ∙ 1,764 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,764 Sqft ∙ Built 2003
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.94
    •  
  • 11714 Rouse Run Cir Orlando, FL 4
    • 4 beds 2 baths ∙ 1,816 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,816 Sqft ∙ Built 2003
    LEASED 07/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.99
    •  
  • 2114 Ruche Ct Orlando, FL 5
    • 3 beds 2 baths ∙ 1,860 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,860 Sqft ∙ Built 2004
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.02
    •  
PROPERTY LISTING DETAILS
Crystal Grohowski
1.407.462.7736
Bhhs Florida Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5926007
Last Updated: 02/25/2021
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