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5262 Hoperita St Orlando, FL 32812

4 Beds 4 Baths 1,982 sqft Built 1978

$350,000

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $176.59
  • 3 Days on Market
  • MLS # : O5916771
  • Updated Date : 01/15/2021 at 16:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,982 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Advantage Realty

Listing Agent's Description

One or more photo(s) has been virtually staged. This highly-renovated and centrally-located POOL home won’t last long! This spacious property boasts 4 bedrooms, with a double split floorplan, and 3.5 bathrooms. The owner’s suite is a true oasis, with DUAL WALK-IN CLOSETS and a bath updated with new tile, DUAL SINKS with new vanity, gorgeous tile shower, new fixtures, and a skylight. The main rooms offer flexibility for multiple living spaces and/or a dining space. Interior features include: updated wood-burning FIREPLACE, WET BAR with built-in storage, VAULTED CEILINGS, skylights, wood beams, OPEN FLOORPLAN, STAINLESS STEEL APPLIANCES, and LAMINATE WOOD FLOORING throughout the home - no carpet! Enjoy the gorgeous Florida weather from your large POOL (new vinyl liner in 2017) and screened lanai. Outdoor space is plentiful with an additional SCREENED PATIO with new tile floors, yard with space for a shed or playset, and firepit area. The fully-fenced yard is double-gated for RV or boat parking, and there is even an electric hookup for the RV. The ROOF was replaced in 2016 and AC in 2013, and a new TANKLESS HOT WATER HEATER was just added in 2020. The home was replumbed in 2016 and exterior repainted in 2017. Enjoy the financial perks of NO HOA! It is located under 15 minutes from the Orlando International Airport and Downtown Orlando, and near the popular Hourglass District and multiple shopping and dining options. There is quick, easy access to the 408 expressway, and it is centrally located between Interstate 4 and the 417.

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: Dover Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $105k289k

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

Neighborhood: Dover Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210501100115012001250130013501400145015001550160016501700Rent in $10261712

* 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
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$1,216
Property Tax -$435
Property Insurance -$155
Property Management Fees -$129
CASH FLOW
-$124

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.

$350,000

PROJECTED PRICE

$1,810

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 10.4%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$9,220

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,810

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,744

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,6503$1,8104$1,8955$2,000
$2,000
RENT COMPS ANALYSIS
  • 5262 Hoperita St Orlando, FL 3
    • 4 beds 4 baths ∙ 1,982 Sqft ∙ Built 1978 4 beds 4 baths ∙ 1,982 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $0.91
    •  
  • 5089 Fayann St Orlando, FL 1
    • 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
    •  
  • 5173 Jetsail Dr Orlando, FL 2
    • 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
    •  
  • 1718 Larkin Ave Orlando, FL 4
    • 4 beds 3 baths ∙ 2,142 Sqft ∙ Built 1962 4 beds 3 baths ∙ 2,142 Sqft ∙ Built 1962
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.88
    •  
  • 3411 Chatsworth Ln Orlando, FL 5
    • 3 beds 3 baths ∙ 2,133 Sqft ∙ Built 1984 3 beds 3 baths ∙ 2,133 Sqft ∙ Built 1984
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.94
    •  
PROPERTY LISTING DETAILS
Kristin Duncan
1.407.274.5911
Keller Williams Advantage Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5916771
Last Updated: 01/15/2021
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