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5214 Mystic Point Ct Orlando, FL 32812

4 Beds 2 Baths 1,863 sqft Built 1992

$334,900

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $179.76
  • 3 Days on Market
  • MLS # : O5915704
  • Updated Date : 01/09/2021 at 08:18
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,863 sqft
  • Baths : 2 full
Listing Agent

Assist2sell Expert Realty

Listing Agent's Description

Absolutely beautiful, move-in ready home in the 436/Michigan corridor. Meticulously maintained and it shows. Freshly painted inside and outside. All new carpeting in the bedrooms. This 4 bedroom delight has unique architectural features, multiple crown molding styles and many bump outs and cut out ledges for you to decorate to your hearts content. Super convenient to shopping, dining and freeways. Just an awesome place you'll love to call home. Don't wait on this one, these go quickly in this area. Call us 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: Mariner's Village

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $105k283k

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

Neighborhood: Mariner's Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10281841

* 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
Boone High School High Magnet 2,763 141 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

Boone High School

  • Education Level: High
  • # of students: 2,763
  • # of teachers: 141
7
GreatSchools Rating
 

$301,410$368,390$334,900

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$1,163
Property Tax -$416
Property Insurance -$147
HOA -$61
Property Management Fees -$129
CASH FLOW
-$276

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.

$334,900

PROJECTED PRICE

$1,640

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 7.4%
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$1.0M

PROJECTED ANNUAL CASH FLOW

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

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$94,499

INVESTMENT

$94,499

Down Payment
$83,725
Rehab Estimate
$5,750
Closing Costs
$5,024

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,163

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $83,725
Loan Amount $251,175
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$1,837

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,640

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,593

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4953$1,5884$1,6405$1,650
$1,650
RENT COMPS ANALYSIS
  • 5214 Mystic Point Ct Orlando, FL 4
    • 4 beds 2 baths ∙ 1,863 Sqft ∙ Built 1992 4 beds 2 baths ∙ 1,863 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $0.88
    •  
  • 2960 Mystic Cove Dr Orlando, FL 1
    • 3 beds 3 baths ∙ 1,756 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,756 Sqft ∙ Built 1991
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.77
    •  
  • 5089 Fayann St Orlando, FL 2
    • 3 beds 2 baths ∙ 1,806 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,806 Sqft ∙ Built 1974
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.83
    •  
  • 5021 Natalie St Orlando, FL 3
    • 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
    •  
  • 5173 Jetsail Dr Orlando, FL 5
    • 3 beds 2 baths ∙ 1,892 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,892 Sqft ∙ Built 1997
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.87
    •  
PROPERTY LISTING DETAILS
Kelly Bruce
1.407.422.7355
Assist2sell Expert Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5915704
Last Updated: 01/09/2021
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