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4156 Minoso St Orlando, FL 32811

3 Beds 2 Baths 1,163 sqft Built 1994

$160,000

List Price

$1,100

$990 - $1.2K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1994
  • Price/Sqft : $137.58
  • 2 Days on Market
  • MLS # : O5904608
  • Updated Date : 11/08/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,163 sqft
  • Baths : 2 full
Listing Agent

Holloman Gordon Realty, Inc.

Listing Agent's Description

LITE WORK NEEDED. LOCATED IN ROOSEVELT PARK AREA. NICE FENCED IN BACKYARD.BEDROOM #3 WAS CONVERTED INTO A DINING ROOM BY PREVIOUS OWNER. DRYWALL IS NEEDED TO TURN BACK INTO THE 3RD BEDROOM. CALL TODAY FOR A SHOWING.

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MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Roosevelt Park

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240kPrice in $48k253k

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

Neighborhood: Roosevelt Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7361712

* 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
 

$144,000$176,000$160,000

PURCHASE PRICE

$990$1,210$1,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,100
EXPENSES Loan Payment -$590
Property Tax -$202
Property Insurance -$105
Property Management Fees -$99
CASH FLOW
$104

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.

$160,000

PROJECTED PRICE

$1,100

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 7.2%
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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$48,150

INVESTMENT

$48,150

Down Payment
$40,000
Rehab Estimate
$5,750
Closing Costs
$2,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$590

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $40,000
Loan Amount $120,000
See What Happens When You Reinvest Cash Flow

6.92

YEARS SAVED

$15,775

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,100

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,111

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$950
1$9502$1,1003$1,2884$1,3005$1,550
$1,550
RENT COMPS ANALYSIS
  • 4156 Minoso St Orlando, FL 2
    • 3 beds 2 baths ∙ 1,163 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,163 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.95
    •  
  • 780 Palmera St Orlando, FL 1
    • 4 beds 2 baths ∙ 1,228 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,228 Sqft ∙ Built 2003
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $950
    • $0.77
    •  
  • 332 Dover St Orlando, FL 3
    • 3 beds 2 baths ∙ 1,281 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,281 Sqft ∙ Built 2005
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,288
    • $1.01
    •  
  • 3718 W Jefferson St Orlando, FL 4
    • 3 beds 2 baths ∙ 1,314 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,314 Sqft ∙ Built 2001
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.99
    •  
  • 5129 Luna Negra Dr Orlando, FL 5
    • 3 beds 3 baths ∙ 1,476 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,476 Sqft ∙ Built 2003
    LEASED 10/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.05
    •  
PROPERTY LISTING DETAILS
Ronnie Holloman
1.407.296.0995
Holloman Gordon Realty, Inc.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5904608
Last Updated: 11/08/2020
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