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3690 Yosemite Dr Orlando, FL 32818

3 Beds 2 Baths 1,155 sqft Built 1973

$212,000

List Price

$1,140

$1K - $1.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $183.55
  • 3 Days on Market
  • MLS # : O5931420
  • Updated Date : 03/20/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,155 sqft
  • Baths : 2 full
Listing Agent

Premium Properties R.e Service

Listing Agent's Description

Do Not miss this opportunity, it will not be around long! This move in ready 3 bedroom, 2 bath concrete and block home in the Breezewood community of Orlando. The home boast new interior and exterior paint, along with new cabinets, countertops, and freshly replaced carpeting throughout all of the bedrooms. Upon entry you will find an open living and dining room combo leading to a galley style kitchen. The kitchen provides good cabinet and counter space. The bedrooms are generously sized and ideal for guests, or a home office. Washer and dryer hook-ups are located in the 2 car garage. You are sure to enjoy gathering in the large fenced-in backyard, perfect for outdoor entertaining, adding a pool, or a swing set for the little ones. Family friendly neighborhood with NO HOA! Discover a variety of shopping and dining options nearby. Located minutes from major roadways and highways for quick commutes to Downtown Orlando and other popular destinations in the Greater Orlando area. You do not want to miss this! Schedule your showing today!

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: 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
Lake Gem Elementary School Primary Regular 901 58 3
Meadowbrook Middle School Middle Regular 932 53 2
Evans High School High Magnet 2,355 117 3

Lake Gem Elementary School

  • Education Level: Primary
  • # of students: 901
  • # of teachers: 58
3
GreatSchools Rating

Meadowbrook Middle School

  • Education Level: Middle
  • # of students: 932
  • # of teachers: 53
2
GreatSchools Rating

Evans High School

  • Education Level: High
  • # of students: 2,355
  • # of teachers: 117
3
GreatSchools Rating
 

$190,800$233,200$212,000

PURCHASE PRICE

$1,026$1,254$1,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,140
EXPENSES Loan Payment -$736
Property Tax -$242
Property Insurance -$105
Property Management Fees -$129
CASH FLOW
-$72

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.

$212,000

PROJECTED PRICE

$1,140

PROJECTED RENT

0.54%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,930

INVESTMENT

$61,930

Down Payment
$53,000
Rehab Estimate
$5,750
Closing Costs
$3,180

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$736

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $53,000
Loan Amount $159,000
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$5,934

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,140

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,028

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,067
1$1,0672$1,1003$1,1404$1,2005$1,350
$1,350
RENT COMPS ANALYSIS
  • 3690 Yosemite Dr Orlando, FL 3
    • 3 beds 2 baths ∙ 1,155 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,155 Sqft ∙ Built 1973
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,140
    • $0.99
    •  
  • 5613 Elon Drive Orlando, FL 1
    • 3 beds 2 baths ∙ 1,218 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,218 Sqft ∙ Built 1960
    property image
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,067
    • $0.88
    •  
  • 6206 Forest Grove Blvd Orlando, FL 2
    • 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 1962
    property image
    LEASED 03/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.90
    •  
  • 5684 Deerfield Rd Orlando, FL 4
    • 4 beds 2 baths ∙ 1,413 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,413 Sqft ∙ Built 1970
    property image
    LEASED 10/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.85
    •  
  • 5867 North Ln Orlando, FL 5
    • 3 beds 2 baths ∙ 1,448 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,448 Sqft ∙ Built 1975
    property image
    LEASED 07/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.93
    •  
PROPERTY LISTING DETAILS
Devin Brown
1.404.960.7756
Premium Properties R.e Service
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5931420
Last Updated: 03/20/2021
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