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5326 Los Palma Vista Dr Orlando, FL 32837

5 Beds 3 Baths 2,813 sqft Built 2003

$458,000

List Price

$2,320

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $162.82
  • 4 Days on Market
  • MLS # : O5929322
  • Updated Date : 03/13/2021 at 10:01
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,813 sqft
  • Baths : 3 full
Listing Agent

All Central Florida Realty Llc

Listing Agent's Description

Location, location, location!!! Enjoy the water view from this gorgeous remodeled home with 5 bedrooms and 3 bathrooms. This house has laminate flooring throughout and ceramic tile in wet areas. Granite countertops, stainless steel appliances, two A/C units for maximum efficiency, freshly painted exterior and garage, including the garage floor; the interior painting is a little over 1 year. Relax on the screened porch while enjoying the beautiful view of the water. Hunters Creek is a golf community very sport-oriented with basketball, tennis, & racquetball courts; soccer & baseball fields; golf club, trails, parks, playgrounds; picnic & barbeque areas, plus dog parks, not to mention the innumerous fun events held for the residents throughout the year. It's minutes away from dining, shopping, entertainment, airport, and theme parks. This lovely home is waiting for you!!!

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
 

$412,200$503,800$458,000

PURCHASE PRICE

$2,088$2,552$2,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,320
EXPENSES Loan Payment -$1,591
Property Tax -$512
Property Insurance -$204
HOA -$82
Property Management Fees -$129
CASH FLOW
-$198

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.

$458,000

PROJECTED PRICE

$2,320

PROJECTED RENT

0.51%

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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$127,120

INVESTMENT

$127,120

Down Payment
$114,500
Rehab Estimate
$5,750
Closing Costs
$6,870

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,591

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $114,500
Loan Amount $343,500
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$11,624

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,320

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,461

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,3203$2,4004$2,4505$2,500
$2,500
RENT COMPS ANALYSIS
  • 5326 Los Palma Vista Dr Orlando, FL 2
    • 5 beds 3 baths ∙ 2,813 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,813 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $2,320
    • $0.82
    •  
  • 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
Neyla Fernandes
1.407.468.9096
All Central Florida Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5929322
Last Updated: 03/13/2021
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