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5153 Bellthorn Dr Orlando, FL 32837

3 Beds 2 Baths 1,831 sqft Built 1998

$335,000

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $182.96
  • 6 Days on Market
  • MLS # : O5904573
  • Updated Date : 11/11/2020 at 21:57
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,831 sqft
  • Baths : 2 full
Listing Agent

Belmont Realty

Listing Agent's Description

Take some time out of your day to come look at this fantastic one story, 3 bedrooms, and 2 full baths property on a beautiful lot. When you walk into this beautiful property, it will greet you with a formal living room decorated with a beautiful, raised panels and nice ceiling trim moldings. Continuing you will fall in love with the spacious kitchen 36" cabinets, and 2 years old stainless-steel appliances plenty of space. The Family room is great for entertaining and incorporate the dining area in open space mode, next to it, is Master bedroom its large and in the master bath you have a two walk-in closets, garden tub and walk-in shower. In the hallway near the kitchen you have 2 bedrooms, and 1 full bathroom, laundry room is about to leave the garage. The home has beautiful wood all throughout, no carpets, high ceilings and many of upgrades also A/C new 2020, water softener, attic reinforced The home has a lovely covered screened in porch to enjoy your morning coffee and relax. Incredibly low HOA for the area. Community amenities includes: Playground, basketball, and volleyball courts, great neighborhood 20 minutes Close to the Orlando International Airport, Hwy 417, FL Turnpike, shopping, and dining. Move in ready and waiting for you!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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.

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
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
 

$301,500$368,500$335,000

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,236
Property Tax -$375
Property Insurance -$145
HOA -$75
Property Management Fees -$176
CASH FLOW
-$56

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.

$335,000

PROJECTED PRICE

$1,950

PROJECTED RENT

0.58%

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

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,236

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$13,236

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $1,771

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8503$1,9004$1,9255$1,950
$1,950
RENT COMPS ANALYSIS
  • 5153 Bellthorn Dr Orlando, FL 5
    • 3 beds 2 baths ∙ 1,831 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,831 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.06
    •  
  • 14331 Cheverleigh Dr Orlando, FL 1
    • 3 beds 2 baths ∙ 1,879 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,879 Sqft ∙ Built 1999
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.96
    •  
  • 4935 Alavista Dr Orlando, FL 2
    • 3 beds 2 baths ∙ 1,849 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,849 Sqft ∙ Built 2000
    LEASED 12/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.00
    •  
  • 4905 Hook Hollow Cir Orlando, FL 3
    • 4 beds 2 baths ∙ 1,976 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,976 Sqft ∙ Built 1998
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.96
    •  
  • 4927 Terra Vista Way Orlando, FL 4
    • 4 beds 2 baths ∙ 2,025 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,025 Sqft ∙ Built 2002
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.95
    •  
PROPERTY LISTING DETAILS
Diego Villalba Hidalgo
1.407.962.9494
Belmont Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5904573
Last Updated: 11/11/2020
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