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5502 Meadow Pine Ct Orlando, FL 32819

4 Beds 3 Baths 2,825 sqft Built 1985

$449,900

List Price

$2,680

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $159.26
  • 4 Days on Market
  • MLS # : O5902601
  • Updated Date : 11/12/2020 at 18:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,825 sqft
  • Baths : 2 full , 1 half
Listing Agent

Jc Penny Realty Llc

Listing Agent's Description

Spacious 4 bedroom 2.5 bath home on large corner lot in the sought after Doctor Phillips area. Enjoy the large covered lanai around the screened in pool. Backyard family outings will be fun with the fire pit and in ground barbecue grill. The party can move inside when it rains and enjoy the large kitchen that opens up to the family room with fireplace. This home boasts a large bonus room that can be used as a game room, media room or exercise room. Bonus room has a built in hurricane room as a plus! The roof was replaced in 2006. New water heater installed in 2020. New dishwasher in 2020. The Main AC unit was replaced in 2019. Pool resurfaced in 2017. New Pool pump in 2017. Septic tank was emptied in 2019. There is 3M coating on all west windows. Front Door has a hidden screen for those cool nights. Oversized garage with storage closet and full attic with stairs, light and flooring. This home is located near many excellent restaurants and shopping. Area schools are some of the highest rated in Orange County.

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: Hidden Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $105k483k

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

Neighborhood: Hidden Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10292685

* 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
Palm Lake Elementary School Primary Regular 624 42 8
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Palm Lake Elementary School

  • Education Level: Primary
  • # of students: 624
  • # of teachers: 42
8
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
 

$404,910$494,890$449,900

PURCHASE PRICE

$2,412$2,948$2,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,680
EXPENSES Loan Payment -$1,660
Property Tax -$502
Property Insurance -$205
HOA -$9
Property Management Fees -$241
CASH FLOW
$63

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.

$449,900

PROJECTED PRICE

$2,680

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 4.7%
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$1.4M

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$124,974

INVESTMENT

$124,974

Down Payment
$112,475
Rehab Estimate
$5,750
Closing Costs
$6,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,475
Loan Amount $337,425
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$31,349

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,680

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $2,959

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$2,550
1$2,5502$2,6003$2,6804$2,8005$3,400
$3,400
RENT COMPS ANALYSIS
  • 5502 Meadow Pine Ct Orlando, FL 3
    • 4 beds 3 baths ∙ 2,825 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,825 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $2,680
    • $0.95
    •  
  • 5783 Craindale Dr Orlando, FL 1
    • 4 beds 3 baths ∙ 2,633 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,633 Sqft ∙ Built 1992
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.97
    •  
  • 4807 Wingrove Blvd Orlando, FL 2
    • 4 beds 3 baths ∙ 2,685 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,685 Sqft ∙ Built 1994
    LEASED 02/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.97
    •  
  • 8004 Landgrove Ct Orlando, FL 4
    • 4 beds 4 baths ∙ 2,764 Sqft ∙ Built 1993 4 beds 4 baths ∙ 2,764 Sqft ∙ Built 1993
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.01
    •  
  • 5614 Craindale Dr Orlando, FL 5
    • 4 beds 3 baths ∙ 2,739 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,739 Sqft ∙ Built 1993
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.24
    •  
PROPERTY LISTING DETAILS
Stan Bell, Jr
1.908.337.4535
Jc Penny Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5902601
Last Updated: 11/12/2020
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