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5116 Marbella Isle Dr Orlando, FL 32837

4 Beds 2 Baths 2,020 sqft Built 2000

$399,000

List Price

$2,010

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $197.52
  • 2 Days on Market
  • MLS # : O5957302
  • Updated Date : 07/12/2021 at 17:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,020 sqft
  • Baths : 2 full
Listing Agent

Homevest Realty

Listing Agent's Description

Beautiful home ready to move into. With large open kitchen looking on to the family room. With a private dining room and living room. 4 bedroom and a screened in porch looking out at amazing landscaping yard!!! This home is convenient to shopping and the theme parks. It's a must see home. Super clean and well kept.

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: Hunters Vista

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $105k408k

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

Neighborhood: Hunters Vista

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10292281

* 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
West Creek Elementary School Primary Regular 712 51 7
Hunters Creek Middle School Middle Regular 1,060 57 6
Freedom High School High Regular 3,281 149 6

West Creek Elementary School

  • Education Level: Primary
  • # of students: 712
  • # of teachers: 51
7
GreatSchools Rating

Hunters Creek Middle School

  • Education Level: Middle
  • # of students: 1,060
  • # of teachers: 57
6
GreatSchools Rating

Freedom High School

  • Education Level: High
  • # of students: 3,281
  • # of teachers: 149
6
GreatSchools Rating
 

$359,100$438,900$399,000

PURCHASE PRICE

$1,809$2,211$2,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,010
EXPENSES Loan Payment -$1,386
Property Tax -$446
Property Insurance -$157
HOA -$80
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.

$399,000

PROJECTED PRICE

$2,010

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 3.4%
Maintenance Year (1-5) 8.00%
Vacancy 5.99%
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-$5.0k$0.0$5.0k$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$111,485

INVESTMENT

$111,485

Down Payment
$99,750
Rehab Estimate
$5,750
Closing Costs
$5,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,386

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,750
Loan Amount $299,250
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$9,498

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,010

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $2,000

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,0003$2,0104$2,1505$2,225
$2,225
RENT COMPS ANALYSIS
  • 5116 Marbella Isle Dr Orlando, FL 3
    • 4 beds 2 baths ∙ 2,020 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,020 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,010
    • $1.00
    •  
  • 5441 San Gabriel Way Orlando, FL 1
    • 4 beds 2 baths ∙ 2,170 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,170 Sqft ∙ Built 2001
    LEASED 10/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.92
    •  
  • 4912 Solimartin Dr Orlando, FL 2
    • 4 beds 2 baths ∙ 1,964 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,964 Sqft ∙ Built 2000
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.02
    •  
  • 5251 Los Palma Vista Dr Orlando, FL 4
    • 4 beds 2 baths ∙ 2,165 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,165 Sqft ∙ Built 2002
    LEASED 03/31/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.99
    •  
  • 5235 Alavista Dr Orlando, FL 5
    • 4 beds 2 baths ∙ 2,153 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,153 Sqft ∙ Built 2001
    LEASED 02/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,225
    • $1.03
    •  
PROPERTY LISTING DETAILS
Jane Lee
1.321.663.6809
Homevest Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5957302
Last Updated: 07/12/2021
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