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5159 Andrea Blvd 
Orlando, FL
32807
3 Beds 2 Baths 1,617 sqft
Built 1975
INVESTimate
$275,000
List Price
$78,625
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PROPERTY INFO
FACTS
- Built In 1975
- Price/Sqft : $170.07
- 3 Days on Market
- MLS # : O5887278
- Updated Date : 08/25/2020 at 13:09
CONSTRUCTION
- Beds : 3
- Floor Size : 1,617 sqft
- Baths : 2 full
Listing Agent
Premier Sotheby's Intl. Realty
Listing Agent's Description
Established neighborhood minutes from Downtown Orlando, walking distance to both Hourglass District and Lake Underhill Park. Dover Manor North is nestled in a quiet enclave yet central to Downtown. Enjoy Demetree Park, a smaller lakefront park inside Dover Manor just a block away, which includes walking/running path, two playgrounds, outdoor basketball and tennis courts. Newly renovated master bath, new windows and doors. Zoned for A+ Dover Shores Elementary, a 1/4 mile walking distance, boasting a newly constructed campus. Dover Shores provides its residents the ultimate active lifestyle, with close proximity to Downtown dining & entertainment, all while ensuring an idyllic, quiet setting with long-time residents for neighbors. 5 minutes to the 408 Expressway; 8 minutes to the 417 Expressway; 15 minutes to the 528 Beeline; 17 minutes to the Orlando International Airport.
SEE MORE
- 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.
- 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)
PRICE & RENT TRENDS
Neighborhood: Dover Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Dover Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,710 |
| EXPENSES | Loan Payment | -$1,015 |
| Property Tax | -$354 | |
| Property Insurance | -$133 | |
| Property Management Fees | -$154 | |
|
CASH FLOW
$54
|
||
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.
$275,000
PROJECTED PRICE
$1,710
PROJECTED RENT
0.62%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.01% |
| Appreciation Year (1-5) | -5.28% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.82% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$78,625
LOAN DETAILS
$1,015
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $68,750 |
| Loan Amount | $206,250 |
4.83
YEARS SAVED
$16,245
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,710
LIST RENT -
$1.06
LIST RENT PER SQFT
-
$1,589
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
-
5159 Andrea Blvd Orlando, 5
- 3 beds 2 baths ∙ 1,617 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,617 Sqft ∙ Built 1975
- Rent
- Rent Per SQFT
- $1,710
- $1.06
-
4980 Cedar Bay St Orlando, 1
- 4 beds 3 baths ∙ 1,711 Sqft ∙ Built 1966 4 beds 3 baths ∙ 1,711 Sqft ∙ Built 1966
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,550
- $0.91
-
5021 Natalie St Orlando, 2
- 3 beds 2 baths ∙ 1,679 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,679 Sqft ∙ Built 1978
LEASED 06/10/20- Rent
- Rent Per SQFT
- $1,588
- $0.95
-
5162 Lido St Orlando, 3
- 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1977
LEASED 08/06/20- Rent
- Rent Per SQFT
- $1,650
- $1.03
-
4629 Arcie St Orlando, 4
- 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 1959
LEASED 06/12/20- Rent
- Rent Per SQFT
- $1,699
- $1.04
PROPERTY LISTING DETAILS
1.321.231.8845
Premier Sotheby's Intl. Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5887278
Last Updated: 08/25/2020
