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5306 Goddard Ave Orlando, FL 32810

3 Beds 2 Baths 1,636 sqft Built 2020

INVESTimate

$359,900

List Price

$1,730

$1,557 - $1,903

Rent Est.

$397,941  ( +10.57%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $219.99
  • 5 Days on Market
  • MLS # : O5886267
  • Updated Date : 08/25/2020 at 08:55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,636 sqft
  • Baths : 2 full
Listing Agent

Vylla Home

Listing Agent's Description

Step into this gorgeous custom-built home impeccably designed with attention to every detail. This open concept floor plan allows natural light to fill the home and is perfect for entertaining. The master ensuite boasts a spacious walk-in closet with custom built-ins, a grand double vanity, and luxurious shower with dual rain heads! Additional features include but are not limited to: luxury vinyl plank flooring with seamless transitions, block construction, Park Avenue custom quality kitchen with quartz counter top and stainless steel appliances, double pane windows, custom build-ins, modern standing seam roof, and more! The spacious backyard is the perfect canvas for endless possibilities such as adding a pool & outdoor entertainment space. Located minutes from I-4, Winter Park, and all Orlando has to offer! * Some photos are rendered*

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Beatrice Village

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $60k253k

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

Neighborhood: Beatrice Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7401712

* 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
Cornerstone Charter Academy High School High Charter 372 21 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

Cornerstone Charter Academy High School

  • Education Level: High
  • # of students: 372
  • # of teachers: 21
7
GreatSchools Rating
 

$323,910$395,890$359,900

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

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-$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$1.2M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$1,328
Property Tax -$409
Property Insurance -$134
Property Management Fees -$156
CASH FLOW
-$297

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$359,900

PROJECTED PRICE

$1,730

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 10.57%
Maintenance Year (1-5) 3.00%
Vacancy 6.01%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,374

INVESTMENT

$97,374

Down Payment
$89,975
Rehab Estimate
$2,000
Closing Costs
$5,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,328

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $89,975
Loan Amount $269,925
See What Happens When You Reinvest Cash Flow

0.83

YEARS SAVED

$1,580

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $2,160

    COMP ESTIMATED VALUE
  • $1.32

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,7303$1,8254$2,400
$2,400
RENT COMPS ANALYSIS
  • 5306 Goddard Ave Orlando, 2
    • 3 beds 2 baths ∙ 1,636 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,636 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $1.06
    •  
  • 514 Carver Blvd Orlando, 1
    • 3 beds 2 baths ∙ 1,348 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,348 Sqft ∙ Built 2011
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.08
    •  
  • 1809 Courtland St Orlando, 3
    • 3 beds 2 baths ∙ 1,428 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,428 Sqft ∙ Built 2004
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $1.28
    •  
  • 2650 Lotafun Ave Winter Park, 4
    • 3 beds 3 baths ∙ 1,501 Sqft ∙ Built 2020 3 beds 3 baths ∙ 1,501 Sqft ∙ Built 2020
    LEASED 05/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.60
    •  
PROPERTY LISTING DETAILS
Marc Andre Lalonde
1.407.953.5846
Vylla Home
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5886267
Last Updated: 08/25/2020
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