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13751 Glasser Ave Orlando, FL 32826

3 Beds 2 Baths 1,195 sqft Built 1997

INVESTimate

$230,000

List Price

$1,500

$1,350 - $1,650

Rent Est.

$249,803  ( +8.61%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1997
  • Price/Sqft : $192.47
  • 7 Days on Market
  • MLS # : O5886327
  • Updated Date : 08/21/2020 at 11:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,195 sqft
  • Baths : 2 full
Listing Agent

Bhhs Results Realty

Listing Agent's Description

JUST LISTED in the HOT community of "Bonneville Pines!" This Move-In-Ready 3 bedroom 2 bathroom home with a roof Newly replaced (June 2017) and Newer A/C (2016) is conveniently located close to UCF, 408, Waterford Lakes, Siemens, and Lockheed Martin. Enter your home you'll notice high ceilings throughout and slate tile floors throughout the entire home. This home is "OPEN FLOOR PLAN" with Living Room/Kitchen combo. The bedrooms and master suite are easily accessible from the living area. The home backs up to some mature landscaping giving it some added privacy to the home and backyard great for pets! Additional amenities include new appliances and fresh landscaping. This home will not last long so contact me today for your private showing!

SEE MORE

MARKET HIGHLIGHTS

  • 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: Bonneville Pines

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $92k253k

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

Neighborhood: Bonneville Pines

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7401712

* 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
 

$207,000$253,000$230,000

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$849
Property Tax -$262
Property Insurance -$107
HOA -$18
Property Management Fees -$135
CASH FLOW
$129

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.

$230,000

PROJECTED PRICE

$1,500

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 8.61%
Maintenance Year (1-5) 8.00%
Vacancy 6.01%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,700

INVESTMENT

$66,700

Down Payment
$57,500
Rehab Estimate
$5,750
Closing Costs
$3,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$849

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,500
Loan Amount $172,500
See What Happens When You Reinvest Cash Flow

7

YEARS SAVED

$23,027

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
  • $1.26

    LIST RENT PER SQFT
  • $1,491

    COMP ESTIMATED VALUE
  • $1.25

    COMP AVG. RENT PER SQFT
Comps Range
$1,425
1$1,4252$1,4503$1,5004$1,5505$1,650
$1,650
RENT COMPS ANALYSIS
  • 13751 Glasser Ave Orlando, 3
    • 3 beds 2 baths ∙ 1,195 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,195 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.26
    •  
  • 2230 Hannah Ln Orlando, 1
    • 3 beds 2 baths ∙ 1,174 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,174 Sqft ∙ Built 1999
    LEASED 04/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $1.21
    •  
  • 2223 Justin Ave Orlando, 2
    • 3 beds 2 baths ∙ 1,155 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,155 Sqft ∙ Built 1999
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.26
    •  
  • 13614 Glasser Ave Orlando, 4
    • 3 beds 2 baths ∙ 1,261 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,261 Sqft ∙ Built 1994
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.23
    •  
  • 2300 Justin Ave Orlando, 5
    • 3 beds 2 baths ∙ 1,275 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,275 Sqft ∙ Built 1995
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.29
    •  
PROPERTY LISTING DETAILS
Brett Womack
1.954.422.2908
Bhhs Results Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5886327
Last Updated: 08/21/2020
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