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13032 Bellerive Ln Orlando, FL 32828

3 Beds 2 Baths 1,703 sqft Built 1992

$299,900

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $176.10
  • 2 Days on Market
  • MLS # : O5911488
  • Updated Date : 12/19/2020 at 18:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,703 sqft
  • Baths : 2 full
Listing Agent

One Oak Realty Corp

Listing Agent's Description

Set up a showing today. This dearly, loved home in the much sought-after Eastwood HOA Community will not last long. 3 sizeable Bedrooms offered, 2 Bathrooms and a highly desired split floor plan home that features lots of space for family to stretch out a grow. Livingroom offers a two-sided fireplace that goes through to the family area. Kitchen is very large and has beautiful grantie counter tops and plenty of room for and dinette table. Main Bedroom has a huge walk-in closet, laminate floors and sliding glass door access to the Patio. Main Bathroom in the main bedroom also has a recently updated and has a larger stand-up shower. 2nd and 3rd Bedrooms each have double closets and wood laminate floors. A spacious 2nd Bathroom includes tub/shower and stunning stone countertop. Screened-In Patio has tile floors and sliding door entry from the Master Bedroom that leads out to the back garden area that is fully fenced in. Eastwood Community features include: community pool, community room, tennis courts, playground, racquetball court, basketball court, volleyball court, softball field, soccer field and more. HOA dues include Xfinity internet/wi-fi. Enjoy living close to where handy shopping is a short drive, fine restaurants, UCF and all the excitmeent downtown Orlando offers just minutes away.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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.

PRICE & RENT TRENDS

Neighborhood: Eastwood

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $105k421k

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

Neighborhood: Eastwood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10292175

* 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
Timber Creek High School High Regular 3,132 161 8

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

Timber Creek High School

  • Education Level: High
  • # of students: 3,132
  • # of teachers: 161
8
GreatSchools Rating
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$1,107
Property Tax -$341
Property Insurance -$138
HOA -$122
Property Management Fees -$129
CASH FLOW
-$146

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.

$299,900

PROJECTED PRICE

$1,690

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 6.1%
Maintenance Year (1-5) 8.00%
Vacancy 5.99%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$8,753

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,682

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6503$1,6904$1,6965$1,700
$1,700
RENT COMPS ANALYSIS
  • 13032 Bellerive Ln Orlando, FL 3
    • 3 beds 2 baths ∙ 1,703 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,703 Sqft ∙ Built 1992
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.99
    •  
  • 13533 Waterhouse Way Orlando, FL 1
    • 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1998
    property image
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.97
    •  
  • 13005 Cog Hill Way Orlando, FL 2
    • 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 1993
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.03
    •  
  • 107 Razorbill Ct Orlando, FL 4
    • 3 beds 2 baths ∙ 1,743 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,743 Sqft ∙ Built 1995
    property image
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,696
    • $0.97
    •  
  • 13541 Waterhouse Way Orlando, FL 5
    • 3 beds 3 baths ∙ 1,727 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,727 Sqft ∙ Built 1996
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.98
    •  
PROPERTY LISTING DETAILS
Greg Pull
1.407.760.8956
One Oak Realty Corp
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5911488
Last Updated: 12/19/2020
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