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3920 Greenview Pines Ct Orlando, FL 32817

4 Beds 2 Baths 1,918 sqft Built 1986

$349,999

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $182.48
  • 4 Days on Market
  • MLS # : O5925815
  • Updated Date : 02/26/2021 at 11:48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,918 sqft
  • Baths : 2 full
Listing Agent

Premier Sothebys Int'l Realty

Listing Agent's Description

Talk about move-in ready. This four-bedroom, two-bath home with over 1,900 square feet has been fully renovated, from new floors and paint throughout the entire home, to updated modern lighting installed in all living areas and the kitchen. Stainless steel appliances in the kitchen and hot water heater are only two years old. The home sits on nearly a quarter acre of land on a cul-de-sac, allowing plenty of space to enjoy outdoors, both in the fully enclosed pool and in the yard. There are no rear neighbors and the best part? There is no HOA! Less than 10 minutes from the University of Central Florida, less than 15 minutes from downtown Orlando and zoned for Winter Park High School, this single-story home is centrally located from all that the City Beautiful has to offer.

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: Greenview Pines

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $105k313k

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

Neighborhood: Greenview Pines

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7821763

* 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
Glenridge Middle School Middle Regular 1,415 77 6
Winter Park High School High Magnet 3,069 164 7
Winter Park High 9th Grade Center High Unknown NA

Glenridge Middle School

  • Education Level: Middle
  • # of students: 1,415
  • # of teachers: 77
6
GreatSchools Rating

Winter Park High School

  • Education Level: High
  • # of students: 3,069
  • # of teachers: 164
7
GreatSchools Rating

Winter Park High 9th Grade Center

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$314,999$384,999$349,999

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$1,216
Property Tax -$398
Property Insurance -$151
Property Management Fees -$129
CASH FLOW
-$23

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.

$349,999

PROJECTED PRICE

$1,870

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 8.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.01%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,499
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$16,233

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,870

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,966

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,525
1$1,5252$1,6503$1,8704$1,9505$1,965
$1,965
RENT COMPS ANALYSIS
  • 3920 Greenview Pines Ct Orlando, FL 3
    • 4 beds 2 baths ∙ 1,918 Sqft ∙ Built 1986 4 beds 2 baths ∙ 1,918 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $0.97
    •  
  • 3349 Calcutta Ave Orlando, FL 1
    • 3 beds 2 baths ∙ 1,719 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,719 Sqft ∙ Built 1979
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.89
    •  
  • 3943 Greenview Pines Ct Orlando, FL 2
    • 3 beds 2 baths ∙ 1,568 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,568 Sqft ∙ Built 1986
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.05
    •  
  • 4225 N Econlockhatchee Trl Orlando, FL 4
    • 3 beds 2 baths ∙ 1,771 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,771 Sqft ∙ Built 1984
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.10
    •  
  • 8635 Port Said St Orlando, FL 5
    • 3 beds 2 baths ∙ 1,860 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,860 Sqft ∙ Built 1978
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,965
    • $1.06
    •  
PROPERTY LISTING DETAILS
Scott Alfano
1.321.295.8292
Premier Sothebys Int'l Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5925815
Last Updated: 02/26/2021
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