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2812 Roseglen Way Orlando, FL 32812

4 Beds 2 Baths 1,945 sqft Built 2016

$425,000

List Price

$2,060

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

February 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $218.51
  • 5 Days on Market
  • MLS # : O5922197
  • Updated Date : 02/11/2021 at 11:49
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,945 sqft
  • Baths : 2 full
Listing Agent

Premier Sotheby's Intl. Realty

Listing Agent's Description

Exceptional Rosedale Cove home offers the complete package. Immaculately maintained with designer touches, this home delivers both function and luxury. Located on a cul-de-sac with 4 bedrooms, 2 bathrooms, open concept living & dining room, 2-car garage, patio/fenced-in backyard area and tile flooring throughout. The stylish chef’s kitchen opens up to the dining & living room with French doors leading to the exterior patio. The kitchen has a beautiful granite island with seating and features custom soft-close cabinetry, soft-touch faucet, stainless steel appliances, pantry and upscale lighting. The master suite features a spa-like large walk-in shower, dual sinks and walk-in closets. The 3 additional bedrooms come with spacious closets and a guest bathroom with shower/tub. Make the fenced-in backyard your own private oasis with covered patio area perfect for dining outdoors or lounging with guests. Close proximity to traffic access points, the airport, restaurants, businesses, shopping and venues. Plenty of outdoor recreation nearby. The Conway area offers residents convenience and lifestyle.

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MARKET HIGHLIGHTS

  • 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)
  • Orlando metro employment growth is at 3.5% and predicted to grow at 2.5% in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Rosedale Cove

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $105k383k

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

Neighborhood: Rosedale Cove

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10292251

* 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
Conway Elementary School Primary Regular 594 40 4
Conway Middle School Middle Regular 999 57 3
Boone High School High Magnet 2,763 141 7

Conway Elementary School

  • Education Level: Primary
  • # of students: 594
  • # of teachers: 40
4
GreatSchools Rating

Conway Middle School

  • Education Level: Middle
  • # of students: 999
  • # of teachers: 57
3
GreatSchools Rating

Boone High School

  • Education Level: High
  • # of students: 2,763
  • # of teachers: 141
7
GreatSchools Rating
 

$382,500$467,500$425,000

PURCHASE PRICE

$1,854$2,266$2,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,060
EXPENSES Loan Payment -$1,476
Property Tax -$483
Property Insurance -$152
HOA -$69
Property Management Fees -$129
CASH FLOW
-$250

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.

$425,000

PROJECTED PRICE

$2,060

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 7.4%
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$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$7,622

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,060

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $2,227

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,9953$2,0604$2,3005$2,800
$2,800
RENT COMPS ANALYSIS
  • 2812 Roseglen Way Orlando, FL 3
    • 4 beds 2 baths ∙ 1,945 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,945 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,060
    • $1.06
    •  
  • 1854 Osman Ave Orlando, FL 1
    • 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 1996
    LEASED 01/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.10
    •  
  • 1582 George St Orlando, FL 2
    • 3 beds 2 baths ∙ 1,738 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,738 Sqft ∙ Built 2006
    LEASED 09/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.15
    •  
  • 1719 Kaleywood Ct Orlando, FL 4
    • 3 beds 2 baths ∙ 2,064 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,064 Sqft ∙ Built 2001
    LEASED 11/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.11
    •  
  • 2608 S Crystal Lake Dr Orlando, FL 5
    • 4 beds 3 baths ∙ 2,291 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,291 Sqft ∙ Built 2018
    LEASED 01/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.22
    •  
PROPERTY LISTING DETAILS
Sherri Dyer
1.407.923.2610
Premier Sotheby's Intl. Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5922197
Last Updated: 02/11/2021
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