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5313 Tortuga Dr Orlando, FL 32837

5 Beds 3 Baths 2,788 sqft Built 2003

$445,000

List Price

$2,330

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $159.61
  • 5 Days on Market
  • MLS # : O5926855
  • Updated Date : 03/04/2021 at 14:39
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,788 sqft
  • Baths : 3 full
Listing Agent

Multinational Properties Llc

Listing Agent's Description

Welcome to your home at PALMA VISTA / Hunter's Creek. This move-in ready property will allow you to enjoy the home from the minute you step foot in it. This is a completely upgraded house, with a great lake view and open floor plan. Features new carpet on the second floor, new laminate flooring throughout the first floor, plus two brand new air conditioners. The property is freshly painted with new baseboards, a kitchen that has top of the notch appliances, brand new countertops, fixtures, and a refreshed front garden. You are just minutes away from different shopping centers, churches, schools, highways, beaches, theme parks, restaurants and much more. As a Hunter's Creek resident you will enjoy all the different recreational facilities and events that are always fun to participate in and all ages are welcomed. HOA fees, home square footage, taxes, lot size, and schools should be independently verified by buyer or buyer's agent.

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: Hunters Vista

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $105k408k

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

Neighborhood: Hunters Vista

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10292281

* 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
West Creek Elementary School Primary Regular 712 51 7
Hunters Creek Middle School Middle Regular 1,060 57 6
Freedom High School High Regular 3,281 149 6

West Creek Elementary School

  • Education Level: Primary
  • # of students: 712
  • # of teachers: 51
7
GreatSchools Rating

Hunters Creek Middle School

  • Education Level: Middle
  • # of students: 1,060
  • # of teachers: 57
6
GreatSchools Rating

Freedom High School

  • Education Level: High
  • # of students: 3,281
  • # of teachers: 149
6
GreatSchools Rating
 

$400,500$489,500$445,000

PURCHASE PRICE

$2,097$2,563$2,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,330
EXPENSES Loan Payment -$1,546
Property Tax -$498
Property Insurance -$203
HOA -$82
Property Management Fees -$129
CASH FLOW
-$127

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.

$445,000

PROJECTED PRICE

$2,330

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 3.4%
Maintenance Year (1-5) 8.00%
Vacancy 5.99%
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-$5.0k$0.0$5.0k$10k$15k

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$123,675

INVESTMENT

$123,675

Down Payment
$111,250
Rehab Estimate
$5,750
Closing Costs
$6,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,546

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $111,250
Loan Amount $333,750
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$15,310

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,330

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $2,440

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,3303$2,4004$2,4505$2,500
$2,500
RENT COMPS ANALYSIS
  • 5313 Tortuga Dr Orlando, FL 2
    • 5 beds 3 baths ∙ 2,788 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,788 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $2,330
    • $0.84
    •  
  • 5318 Tortuga Dr Orlando, FL 1
    • 4 beds 3 baths ∙ 2,694 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,694 Sqft ∙ Built 2003
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.82
    •  
  • 5215 Los Palma Vista Dr Orlando, FL 3
    • 5 beds 3 baths ∙ 2,784 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,784 Sqft ∙ Built 2002
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.86
    •  
  • 5337 Tortuga Dr S Orlando, FL 4
    • 4 beds 3 baths ∙ 2,625 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,625 Sqft ∙ Built 2004
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.93
    •  
  • 5331 Tortuga Dr Orlando, FL 5
    • 5 beds 3 baths ∙ 2,813 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,813 Sqft ∙ Built 2003
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.89
    •  
PROPERTY LISTING DETAILS
Jose Antonio Notaro
1.321.231.4105
Multinational Properties Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5926855
Last Updated: 03/04/2021
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