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520 Tuten Trl Orlando, FL 32828

4 Beds 2 Baths 2,482 sqft Built 1998

$359,000

List Price

$2,110

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $144.64
  • 5 Days on Market
  • MLS # : S5042514
  • Updated Date : 11/11/2020 at 15:27
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,482 sqft
  • Baths : 2 full
Listing Agent

Fonts Statewide Realty Inc.

Listing Agent's Description

Come see this ready to move in home in the desirable community of Eastwood! This home features 4 Bedrooms and 2 ½ bathrooms. Spacious entry to the living room and formal dining areas ideal for entertaining or relaxing. Upgraded eat in kitchen, soft-close kitchen cabinets with full access drawers and plenty of counter space. The large family room has an over-sized sliding door that opens to the private fenced-in backyard. The master bedroom has his and her closets and a renovated master bath with separate tub, a walk-in shower and dual sinks vanity. The upstairs is an animated story that yields two large bedrooms with built-ins in the closets as well as a loft play area. This home is equipped with all kinds of convenient features. There is an amazing amount of storage space, which will help keep clutter to a minimum with storage under the stairs, built-in hallway unit upstairs and four attic entries throughout the house to store your holiday decor. The two car garage has cabinets and a workbench built to suit any handy "person". High ceilings, thick baseboards, framed windows, faux-wood blinds, stylish fixtures, upgraded lighting and fans make this beauty very elegant indeed. Voice Alarm system gives audible prompts when doors or windows are opened for added security, which can be customized. Energy-efficient features include a Solar System with warranty and free monitoring, gas stove, a gas on-demand water heater that never runs out of hot water. The air conditioner was upgraded to a 5 ton energy- efficient unit for plenty of cooling upstairs and throughout the home. Top rated schools in this district. Association amenities include community pool, recreational vehicle storage rental spaces, tennis courts, basketball and racquetball courts, baseball and soccer fields as well as playgrounds. Plenty of green space, walking paths and jogging trails to enjoy. HOA fees include basic cable TV and fast-speed internet. Neighborhood is conveniently located in East Orlando with easy access to shopping, restaurants and entertainment at Waterford Lakes Shopping Center. Minutes to UCF, Valencia College, Research Parkway with quick entry to major highways 408, 417, 528 and SR 50. Don't miss your opportunity to own this home which is conveniently located to everything Orlando has to offer!

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: Eastwood

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $105k421k

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

Neighborhood: Eastwood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10292175

* 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
Timber Creek High School High Regular 3,132 161 8

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

Timber Creek High School

  • Education Level: High
  • # of students: 3,132
  • # of teachers: 161
8
GreatSchools Rating
 

$323,100$394,900$359,000

PURCHASE PRICE

$1,899$2,321$2,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,110
EXPENSES Loan Payment -$1,325
Property Tax -$408
Property Insurance -$184
HOA -$122
Property Management Fees -$190
CASH FLOW
-$119

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.

$359,000

PROJECTED PRICE

$2,110

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 6.1%
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$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$100,885

INVESTMENT

$100,885

Down Payment
$89,750
Rehab Estimate
$5,750
Closing Costs
$5,385

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,325

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $89,750
Loan Amount $269,250
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$9,461

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,110

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,153

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$2,0003$2,1004$2,1105$2,350
$2,350
RENT COMPS ANALYSIS
  • 520 Tuten Trl Orlando, FL 4
    • 4 beds 2 baths ∙ 2,482 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,482 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $2,110
    • $0.85
    •  
  • 13730 Guildhall Cir Orlando, FL 1
    • 4 beds 3 baths ∙ 2,305 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,305 Sqft ∙ Built 2000
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.78
    •  
  • 13635 Guildhall Cir Orlando, FL 2
    • 4 beds 3 baths ∙ 2,317 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,317 Sqft ∙ Built 1999
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.86
    •  
  • 725 Tuten Trl Orlando, FL 3
    • 4 beds 3 baths ∙ 2,530 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,530 Sqft ∙ Built 1999
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.83
    •  
  • 529 Tuten Trl Orlando, FL 5
    • 4 beds 3 baths ∙ 2,339 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,339 Sqft ∙ Built 1998
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.00
    •  
PROPERTY LISTING DETAILS
Edward Torres
1.407.832.8641
Fonts Statewide Realty Inc.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: S5042514
Last Updated: 11/11/2020
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