Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

5119 Orange Ave Winter Park, FL 32792

3 Beds 2 Baths 1,465 sqft Built 1961

$310,000

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1961
  • Price/Sqft : $211.60
  • 1 Days on Market
  • MLS # : O5931585
  • Updated Date : 03/21/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,465 sqft
  • Baths : 2 full
Listing Agent

Folio Realty Llc

Listing Agent's Description

Trendy 3/2 bungalow in the heart of Winter Park, rated as one of the best suburbs to live in Orlando. This recently renovated home is conveniently located 5 minutes from Full Sail University, 10 minutes from Rollins College and magnificent Park Avenue shopping, a quick 15 minutes from UCF and major highways. This home is a dream, with a chic new chandelier, and master bedroom with laminate flooring and sliding barn door addition - you will not want to leave. New washer and dryer included, along with new stainless steel kitchen appliances and a deep modern farmhouse stainless steel sink. Recently replaced A/C (2019), roof (2015) and includes security system, smart thermostat, and smart bulbs. This is a wonderful opportunity for first time home buyers and investors alike. With no HOA, fenced yard with new patio space to enjoy outdoor dining/playtime, this truly is a fantastic choice.

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: Goldenrod

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $104k293k

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

Neighborhood: Goldenrod

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700180019002000Rent in $7962002

* 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
Eastbrook Elementary School Primary Regular 809 57 5
Tuskawilla Middle School Middle Regular 1,080 57 5
Lake Howell High School High Regular 2,229 117 6

Eastbrook Elementary School

  • Education Level: Primary
  • # of students: 809
  • # of teachers: 57
5
GreatSchools Rating

Tuskawilla Middle School

  • Education Level: Middle
  • # of students: 1,080
  • # of teachers: 57
5
GreatSchools Rating

Lake Howell High School

  • Education Level: High
  • # of students: 2,229
  • # of teachers: 117
6
GreatSchools Rating
 

$279,000$341,000$310,000

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$1,077
Property Tax -$309
Property Insurance -$124
Property Management Fees -$129
CASH FLOW
$91

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.

$310,000

PROJECTED PRICE

$1,730

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 14.8%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,077

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$24,573

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $1.18

    LIST RENT PER SQFT
  • $1,505

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4003$1,4504$1,7305$1,800
$1,800
RENT COMPS ANALYSIS
  • 5119 Orange Ave Winter Park, FL 4
    • 3 beds 2 baths ∙ 1,465 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,465 Sqft ∙ Built 1961
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $1.18
    •  
  • 4965 Orange Ave Winter Park, FL 1
    • 3 beds 2 baths ∙ 1,444 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,444 Sqft ∙ Built 1959
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.93
    •  
  • 910 Mare Bello Dr Winter Park, FL 2
    • 3 beds 2 baths ∙ 1,355 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,355 Sqft ∙ Built 1964
    LEASED 12/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.03
    •  
  • 7424 Portside Ct Winter Park, FL 3
    • 3 beds 2 baths ∙ 1,398 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,398 Sqft ∙ Built 1974
    LEASED 03/11/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.04
    •  
  • 1849 Viburnum Ln Winter Park, FL 5
    • 4 beds 2 baths ∙ 1,627 Sqft ∙ Built 1961 4 beds 2 baths ∙ 1,627 Sqft ∙ Built 1961
    LEASED 02/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.11
    •  
PROPERTY LISTING DETAILS
Kim Tabela Eastwood
1.407.267.6885
Folio Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5931585
Last Updated: 03/21/2021
BESbswy