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5105 Creekside Park Ave Orlando, FL 32811

4 Beds 3 Baths 2,293 sqft Built 2012

$368,000

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $160.49
  • 3 Days on Market
  • MLS # : O5923245
  • Updated Date : 02/12/2021 at 16:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,293 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Advantage Iii

Listing Agent's Description

Welcome home to this beautiful 4 bed, 2.5 bath house in this highly desirably neighborhood of Millenia Park. Beautiful wood plank laminate flooring greets you as you enter the spacious living room and flows through to the dining area. This will not last! Large windows allow an abundance of natural light to pour in from all directions. The heart of this home is the large eat-in kitchen with an abundance of storage space, expansive granite countertops including a center island, tile backsplash, a full set of matching stainless steel appliances, and a dinette area. Schedule your showing today. A large pass through window with a breakfast bar overlooks the living room. Retreat upstairs to the sleeping quarters where you will find a commodious master suite with dual sink vanity, oversized garden soaking tub, and a separate glass enclosed walk-in shower. Come see it before it's gone. The open upstairs loft makes for the perfect playroom, office space, or just an additional living room area. Three additional bedrooms, a full bath, and a conveniently located laundry room complete the second story. Sliding glass doors off the dinette lead to a cozy covered patio in the back of the home, where you’ll also find the extra long paver driveway and rear-entry 2 car garage. With easy highway access via the I4 and Turnpike, you’ll be just minutes from Florida’s world famous theme park attractions, Downtown Orlando, and convenient shopping at the Mall at Millenia. This home is a must see! Make an appointment for your private tour today!

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: Florida Center North

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240kPrice in $58k253k

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

Neighborhood: Florida Center North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800190020002100Rent in $8952167

* 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
Millennia Elementary School Primary Regular 998 67 4
Southwest Middle School Middle Regular 1,244 71 5
Dr. Phillips High School High Magnet 3,491 174 6

Millennia Elementary School

  • Education Level: Primary
  • # of students: 998
  • # of teachers: 67
4
GreatSchools Rating

Southwest Middle School

  • Education Level: Middle
  • # of students: 1,244
  • # of teachers: 71
5
GreatSchools Rating

Dr. Phillips High School

  • Education Level: High
  • # of students: 3,491
  • # of teachers: 174
6
GreatSchools Rating
 

$331,200$404,800$368,000

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,278
Property Tax -$475
Property Insurance -$173
HOA -$132
Property Management Fees -$129
CASH FLOW
-$188

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.

$368,000

PROJECTED PRICE

$2,000

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 7.4%
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$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$103,270

INVESTMENT

$103,270

Down Payment
$92,000
Rehab Estimate
$5,750
Closing Costs
$5,520

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,278

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $92,000
Loan Amount $276,000
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$5,025

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $2,132

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,0503$2,1494$2,1505$2,245
$2,245
RENT COMPS ANALYSIS
  • 5105 Creekside Park Ave Orlando, FL 1
    • 4 beds 3 baths ∙ 2,293 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,293 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.87
    •  
  • 5090 Big Cypress St Orlando, FL 2
    • 4 beds 3 baths ∙ 2,288 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,288 Sqft ∙ Built 2013
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.90
    •  
  • 4989 Northlawn Way Orlando, FL 3
    • 4 beds 3 baths ∙ 2,353 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,353 Sqft ∙ Built 2013
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,149
    • $0.91
    •  
  • 5379 Creekside Park Ave Orlando, FL 4
    • 4 beds 3 baths ∙ 2,314 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,314 Sqft ∙ Built 2012
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.93
    •  
  • 5123 Northlawn Way Orlando, FL 5
    • 4 beds 3 baths ∙ 2,296 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,296 Sqft ∙ Built 2012
    LEASED 01/29/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,245
    • $0.98
    •  
PROPERTY LISTING DETAILS
Jorge Trejo
1.407.319.1612
Keller Williams Advantage Iii
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5923245
Last Updated: 02/12/2021
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