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5146 Ashmeade Rd Orlando, FL 32810

3 Beds 2 Baths 1,492 sqft Built 1986

$249,000

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 1986
  • Price/Sqft : $166.89
  • 5 Days on Market
  • MLS # : O5902664
  • Updated Date : 10/30/2020 at 13:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,492 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Heritage Realt

Listing Agent's Description

Fantastic opportunity in Lakewood Forest! This three bedroom, two bathroom home sits on more than 1/3 acre and includes many updates, including new kitchen cabinets, vinyl plank flooring in the bedrooms, family room, and dining room, new vanities in the baths and new shower surround in the guest bath! As you step in via the main entry the living room off to your left includes new vinyl plank flooring and wood burning fireplace. The living room is adjacent to the formal dining room and leads to the brand new kitchen. The master suite is located in the left rear of the home with a large closet and ample natural lighting. Lakewood Forest is located between Rose and Eden Park Rd, north of Rundle, seconds to the 414, which is now freeway all the way to the Maitland interchange at I-4, and 441. Set up your showing today!

SEE MORE

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: Lakewood Forest

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $87k253k

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

Neighborhood: Lakewood Forest

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210501100115012001250130013501400145015001550160016501700Rent in $10071712

* 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
 

$224,100$273,900$249,000

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$919
Property Tax -$283
Property Insurance -$125
Property Management Fees -$128
CASH FLOW
-$35

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.

$249,000

PROJECTED PRICE

$1,420

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 10.6%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,735

INVESTMENT

$71,735

Down Payment
$62,250
Rehab Estimate
$5,750
Closing Costs
$3,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$919

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,250
Loan Amount $186,750
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$8,933

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,410

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4203$1,5504$1,5955$1,650
$1,650
RENT COMPS ANALYSIS
  • 5146 Ashmeade Rd Orlando, FL 2
    • 3 beds 2 baths ∙ 1,492 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,492 Sqft ∙ Built 1986
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $0.95
    •  
  • 3645 Falling Leaf Ln Orlando, FL 1
    • 3 beds 2 baths ∙ 1,392 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,392 Sqft ∙ Built 1984
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.97
    •  
  • 5721 Rywood Dr Orlando, FL 3
    • 3 beds 2 baths ∙ 1,567 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,567 Sqft ∙ Built 1998
    property image
    LEASED 04/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.99
    •  
  • 8368 Baywood Vista Dr Orlando, FL 4
    • 3 beds 2 baths ∙ 1,805 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,805 Sqft ∙ Built 2003
    property image
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.88
    •  
  • 1338 Sassafras Ave Altamonte Springs, FL 5
    • 3 beds 2 baths ∙ 1,755 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,755 Sqft ∙ Built 1990
    property image
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.94
    •  
PROPERTY LISTING DETAILS
Aj Stagg, Iii
1.407.929.2114
Keller Williams Heritage Realt
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5902664
Last Updated: 10/30/2020
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