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5284 Bonairre Blvd Orlando, FL 32812

3 Beds 2 Baths 1,446 sqft Built 1990

$285,000

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 22, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $197.10
  • 2 Days on Market
  • MLS # : O5907579
  • Updated Date : 11/22/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,446 sqft
  • Baths : 2 full
Listing Agent

La Rosa Realty, Llc

Listing Agent's Description

Beautiful home located in a quiet fancy Village in the center of Orlando. These Three bedrooms two bathrooms offers plenty of space for a medium big family to live comfortably. One floor house include the living room, dining room and kitchen; add in the laundry room with renovated ceramic tile. Two bed rooms tiling by wood laminate flooring with the master bedrooms belong to spacious bathroom. Newly renovated the roof and the air conditioner, the home’s inside matches the beauty and grace of the outside. The backyard is with the beautiful patio! A green oasis filled with colors and harmony that accent the overall beauty of the home. Community amenities is synchronized with playground area. Conveniently near shopping, a major roadway and the airport, this home is in the precious location to live.

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: 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
 

$256,500$313,500$285,000

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$1,052
Property Tax -$354
Property Insurance -$122
Property Management Fees -$140
CASH FLOW
-$108

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.

$285,000

PROJECTED PRICE

$1,560

PROJECTED RENT

0.55%

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,052

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$5,921

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $1,554

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,560
1$1,5602$1,5883$1,6404$1,8005$1,849
$1,849
RENT COMPS ANALYSIS
  • 5284 Bonairre Blvd Orlando, FL 1
    • 3 beds 2 baths ∙ 1,446 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,446 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $1.08
    •  
  • 5021 Natalie St Orlando, FL 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
    •  
  • 1948 Bel Air Ave Orlando, FL 3
    • 3 beds 2 baths ∙ 1,566 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,566 Sqft ∙ Built 1977
    LEASED 09/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $1.05
    •  
  • 5174 Mystic Point Ct Orlando, FL 4
    • 3 beds 2 baths ∙ 1,567 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,567 Sqft ∙ Built 1990
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.15
    •  
  • 5146 Mystic Point Ct Orlando, FL 5
    • 3 beds 2 baths ∙ 1,609 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,609 Sqft ∙ Built 1990
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,849
    • $1.15
    •  
PROPERTY LISTING DETAILS
John Nguyen
1.321.939.3748
La Rosa Realty, Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5907579
Last Updated: 11/22/2020
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