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5307 Camrose Ct Orlando, FL 32808

4 Beds 2 Baths 1,450 sqft Built 1974

$195,000

List Price

$1,330

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $134.48
  • 21 Days on Market
  • MLS # : O5921776
  • Updated Date : 02/26/2021 at 12:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,450 sqft
  • Baths : 1 full , 1 half
Listing Agent

Garden Views Realty Llc

Listing Agent's Description

Attention Investors. Almost a quarter acre corner lot with a privacy fenced back yard. Covered front porch. This home has a very open floor plan and has tile flooring throughout. Good opportunity to purchase a well priced home in Orlando.

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Fox Briar

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240kPrice in $52k253k

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

Neighborhood: Fox Briar

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8121712

* 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
Lake Gem Elementary School Primary Regular 901 58 3
Meadowbrook Middle School Middle Regular 932 53 2
Evans High School High Magnet 2,355 117 3

Lake Gem Elementary School

  • Education Level: Primary
  • # of students: 901
  • # of teachers: 58
3
GreatSchools Rating

Meadowbrook Middle School

  • Education Level: Middle
  • # of students: 932
  • # of teachers: 53
2
GreatSchools Rating

Evans High School

  • Education Level: High
  • # of students: 2,355
  • # of teachers: 117
3
GreatSchools Rating
 

$175,500$214,500$195,000

PURCHASE PRICE

$1,197$1,463$1,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,330
EXPENSES Loan Payment -$677
Property Tax -$222
Property Insurance -$123
Property Management Fees -$129
CASH FLOW
$179

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.

$195,000

PROJECTED PRICE

$1,330

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 12.4%
Maintenance Year (1-5) 8.00%
Vacancy 5.82%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$57,425

INVESTMENT

$57,425

Down Payment
$48,750
Rehab Estimate
$5,750
Closing Costs
$2,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$677

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $48,750
Loan Amount $146,250
See What Happens When You Reinvest Cash Flow

9.42

YEARS SAVED

$25,495

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,330

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,298

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,067
1$1,0672$1,3303$1,3504$1,3955$1,435
$1,435
RENT COMPS ANALYSIS
  • 5307 Camrose Ct Orlando, FL 2
    • 4 beds 2 baths ∙ 1,450 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,450 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $1,330
    • $0.92
    •  
  • 5613 Elon Drive Orlando, FL 1
    • 3 beds 2 baths ∙ 1,218 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,218 Sqft ∙ Built 1960
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,067
    • $0.88
    •  
  • 5867 North Ln Orlando, FL 3
    • 3 beds 2 baths ∙ 1,448 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,448 Sqft ∙ Built 1975
    LEASED 07/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.93
    •  
  • 5335 Hyde Park Ave Orlando, FL 4
    • 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1989
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.92
    •  
  • 5406 Britan Dr Orlando, FL 5
    • 4 beds 2 baths ∙ 1,679 Sqft ∙ Built 1988 4 beds 2 baths ∙ 1,679 Sqft ∙ Built 1988
    LEASED 08/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,435
    • $0.85
    •  
PROPERTY LISTING DETAILS
Matthew Declue
1.407.782.6464
Garden Views Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5921776
Last Updated: 02/26/2021
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