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5464 Chiswick Cir Belle Isle, FL 32812

4 Beds 3 Baths 2,493 sqft Built 1993

$379,900

List Price

$2,270

$2K - $2.5K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1993
  • Price/Sqft : $152.39
  • 4 Days on Market
  • MLS # : S5042238
  • Updated Date : 11/06/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,493 sqft
  • Baths : 3 full
Listing Agent

Weichert Realtors Hallmark Pro

Listing Agent's Description

One or more photo(s) has been virtually staged. If you are searching for a wonderful family home in a great area, look no further, this the one! This beautiful 4 Bedroom 3 Bath home, nestled on a corner lot in the desirable community of Windsor Place with Low HOA fees. A great neighborhood, in the Belle Isle community! Entering through the double doors you will be welcomed by a separate formal Living and Dining rooms, perfect for entertaining and family gatherings! The living room features sliders leading to the Sunroom and is large enough for an outside dining room, a game or bar room, the choice is yours! This home boasts a split floor plan, high ceilings, and ceramic tile throughout. Over 2,400 square feet of living space, you will have plenty of room to spread out. The fourth bedroom features its own full bath! Inside laundry room and 2 cars garage! Kitchen offers: granite countertops, plenty of cabinet space, breakfast bar and closet pantry. The kitchen has an open flow into the Family Room which is light and bright, with a wood burning fireplace and sliders that take you to the large backyard! Spacious Master Retreat includes two walk-in closets, jetted garden tub, separate shower, private water closet, his and her vanities, granite counters and access to the Sunroom perfect for relaxing or for your morning coffee! Recent Improvements include: New roof in 2018 and Sunroom upgraded in 2018 with new aluminum frame, new glass tinted windows and new aluminum guardian door! This community sits between the airport & Downtown Orlando, close to everything… shopping, restaurants and the Lake Conway Chain of Lakes! This is a house you don’t want to miss! Schedule your showing today!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Windsor Place

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $110k519k

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

Neighborhood: Windsor Place

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10292396

* 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
 

$341,910$417,890$379,900

PURCHASE PRICE

$2,043$2,497$2,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,270
EXPENSES Loan Payment -$1,402
Property Tax -$498
Property Insurance -$185
HOA -$25
Property Management Fees -$204
CASH FLOW
-$44

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.

$379,900

PROJECTED PRICE

$2,270

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 7.4%
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-$4.0k-$2.0k$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$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$106,424

INVESTMENT

$106,424

Down Payment
$94,975
Rehab Estimate
$5,750
Closing Costs
$5,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,402

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $94,975
Loan Amount $284,925
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$16,212

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,270

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $2,250

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,1903$2,2004$2,2705$2,335
$2,335
RENT COMPS ANALYSIS
  • 5464 Chiswick Cir Belle Isle, FL 4
    • 4 beds 3 baths ∙ 2,493 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,493 Sqft ∙ Built 1993
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,270
    • $0.91
    •  
  • 4144 Evander Dr Orlando, FL 1
    • 3 beds 2 baths ∙ 2,196 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,196 Sqft ∙ Built 1998
    property image
    LEASED 08/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.98
    •  
  • 5404 Chiswick Cir Belle Isle, FL 2
    • 4 beds 3 baths ∙ 2,527 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,527 Sqft ∙ Built 1998
    property image
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,190
    • $0.87
    •  
  • 3420 Herringridge Dr Orlando, FL 3
    • 4 beds 3 baths ∙ 2,458 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,458 Sqft ∙ Built 2005
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.90
    •  
  • 4843 Lorraine Way Orlando, FL 5
    • 4 beds 3 baths ∙ 2,719 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,719 Sqft ∙ Built 1996
    property image
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,335
    • $0.86
    •  
PROPERTY LISTING DETAILS
Maribel Frattali
1.407.288.5835
Weichert Realtors Hallmark Pro
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: S5042238
Last Updated: 11/06/2020
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