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3619 Terrina Ct Orlando, FL 32818

4 Beds 2 Baths 1,920 sqft Built 1970

$250,000

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $130.21
  • 6 Days on Market
  • MLS # : O5907039
  • Updated Date : 11/25/2020 at 01:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,920 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Winter Park

Listing Agent's Description

Welcome home! Nestled between Lake Apopka and downtown Orlando, you’ll enjoy spending the weekends teeing off at Forest Lake Golf Club, biking through Barnett Park, shopping at the West Oaks Mall and relaxing at Wekiva Springs. You’ll be less than 10 miles from the theme parks at Universal and Islands of Adventure, with quick access to all the main highways. This gorgeous four bedroom pool home for sale in Orlando boasts an array of upgrades and updates. Inside you’ll be greeted by a spacious open floor plan with wood style floors and neutral colors. The beautiful gourmet kitchen presents stainless steel appliances, cabinets, granite countertops, luxurious backsplash, recessed lights and bar top seating. Through the sliding barn door you’ll find a bonus flex space with access to the indoor laundry room and the side yard through elegant French doors. The kitchen flows into the huge living space with pool access. The primary suite offers an updated bathroom with a glass door shower and built in shelving. The other three spacious bedrooms and guest bath with a tub/shower combo are located on the opposite side of the home. Enjoy the outdoors by taking a dip in the pool on hot summer days, or cozying up by the fire pit with s’mores during the chilly months ahead. This beautiful pool home in Orlando won’t last, so call today and schedule a showing before it’s gone!

SEE MORE

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: Breezewood

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240kPrice in $53k253k

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

Neighborhood: Breezewood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8521712

* 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
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$922
Property Tax -$285
Property Insurance -$151
Property Management Fees -$128
CASH FLOW
-$66

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.

$250,000

PROJECTED PRICE

$1,420

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 11.3%
Maintenance Year (1-5) 8.00%
Vacancy 5.82%
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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$6,216

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,392

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,100
1$1,1002$1,2003$1,3004$1,4205$1,650
$1,650
RENT COMPS ANALYSIS
  • 3619 Terrina Ct Orlando, FL 4
    • 4 beds 2 baths ∙ 1,920 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,920 Sqft ∙ Built 1970
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $0.74
    •  
  • 6543 Meritmoor Cir Orlando, FL 1
    • 3 beds 3 baths ∙ 2,014 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,014 Sqft ∙ Built 1988
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.55
    •  
  • 2823 Saint Clair Ct Orlando, FL 2
    • 4 beds 2 baths ∙ 1,866 Sqft ∙ Built 1986 4 beds 2 baths ∙ 1,866 Sqft ∙ Built 1986
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.64
    •  
  • 5852 Elon Dr Orlando, FL 3
    • 3 beds 2 baths ∙ 1,592 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,592 Sqft ∙ Built 1975
    property image
    LEASED 06/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.82
    •  
  • 3414 Portersfield Rd Orlando, FL 5
    • 4 beds 2 baths ∙ 1,853 Sqft ∙ Built 1961 4 beds 2 baths ∙ 1,853 Sqft ∙ Built 1961
    property image
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.89
    •  
PROPERTY LISTING DETAILS
Trisha Deokinandan
1.407.790.9605
Keller Williams Winter Park
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5907039
Last Updated: 11/25/2020
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