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5161 Dove Tree St Orlando, FL 32811

4 Beds 3 Baths 2,979 sqft Built 2014

$450,000

List Price

$3,000

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $151.06
  • 2 Days on Market
  • MLS # : S5053364
  • Updated Date : 07/13/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,979 sqft
  • Baths : 2 full , 1 half
Listing Agent

Evista Resources Realty Inc

Listing Agent's Description

LOCATION in the heart of Orlando right on the interception of I4 and Turnpike. YOUR DREAM HOUSE IS WAITING FOR YOU!! Located in Millenia Park gated neighborhood on a large waterfront lot. The two story single family house offers you 4 spacious bedroom and a fantastic loft.!! Forget the carpets, your new home offers you ceramic tile on the first floor and a beautiful wood floor on the stairs and second floor.

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: Florida Center North

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240kPrice in $58k253k

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

Neighborhood: Florida Center North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800190020002100Rent in $8952167

* 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
Millennia Elementary School Primary Regular 998 67 4
Southwest Middle School Middle Regular 1,244 71 5
Dr. Phillips High School High Magnet 3,491 174 6

Millennia Elementary School

  • Education Level: Primary
  • # of students: 998
  • # of teachers: 67
4
GreatSchools Rating

Southwest Middle School

  • Education Level: Middle
  • # of students: 1,244
  • # of teachers: 71
5
GreatSchools Rating

Dr. Phillips High School

  • Education Level: High
  • # of students: 3,491
  • # of teachers: 174
6
GreatSchools Rating
 

$405,000$495,000$450,000

PURCHASE PRICE

$2,700$3,300$3,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,000
EXPENSES Loan Payment -$1,563
Property Tax -$567
Property Insurance -$214
HOA -$132
Property Management Fees -$129
CASH FLOW
$395

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.

$450,000

PROJECTED PRICE

$3,000

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 7.4%
Maintenance Year (1-5) 8.00%
Vacancy 5.82%
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$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

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$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

9.17

YEARS SAVED

$56,215

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,000

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $3,113

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$2,650
1$2,6502$3,0003$3,0004$3,2005$3,300
$3,300
RENT COMPS ANALYSIS
  • 5161 Dove Tree St Orlando, FL 3
    • 4 beds 3 baths ∙ 2,979 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,979 Sqft ∙ Built 2014
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.01
    •  
  • 5201 Dove Tree St Orlando, FL 1
    • 5 beds 3 baths ∙ 2,927 Sqft ∙ Built 2014 5 beds 3 baths ∙ 2,927 Sqft ∙ Built 2014
    property image
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.91
    •  
  • 5035 Southlawn Orlando, FL 2
    • 4 beds 3 baths ∙ 2,800 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,800 Sqft ∙ Built 2016
    property image
    LEASED 05/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.07
    •  
  • 5081 Dove Tree St Orlando, FL 4
    • 5 beds 4 baths ∙ 2,974 Sqft ∙ Built 2014 5 beds 4 baths ∙ 2,974 Sqft ∙ Built 2014
    property image
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.08
    •  
  • 4939 Southlawn Ave Orlando, FL 5
    • 4 beds 3 baths ∙ 2,935 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,935 Sqft ∙ Built 2015
    property image
    LEASED 07/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.12
    •  
PROPERTY LISTING DETAILS
Jorge Carioca Mendes
1.786.229.0922
Evista Resources Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: S5053364
Last Updated: 07/13/2021
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