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5503 Trento St Orlando, FL 32807

3 Beds 2 Baths 1,607 sqft Built 1960

$290,000

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $180.46
  • 3 Days on Market
  • MLS # : O5918713
  • Updated Date : 01/23/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,607 sqft
  • Baths : 2 full
Listing Agent

Incisive Realty Llc

Listing Agent's Description

This gorgeous corner lot home - with BONUS detached guest suite - has so much to offer and is minutes away from Baldwin Park. When you enter the home you will be greeted by the bright open space and the beautiful chocolate brown wood laminate flooring. You will enjoy spending time in the kitchen, with it’s double sink that has a window peering into the back yard, tiled backsplash, hanging pot rack, and beautiful cabinets. The kitchen includes all stainless steel appliances (including recent purchases of a 2020 Samsung Fridge and 2019 Maytag Dishwasher). Off of the kitchen you will love your large utility room/laundry room, with a 2020 HE smart front-loading washer and dryer, as well as a 2019 Performance Platnium Rheem Water Heater. As a bonus there is also an extra fridge/freezer in the utility room for your needs. The main sitting area features a sunken oversized living room, full of natural light and windows to the backyard.The master bedroom has it’s own bathroom with a spacious walk-in closet, sit-down vanity, and large walk-in shower with a special rain showerhead. Each bedroom has it’s own ceiling fan to help keep you comfortable. The other two bedrooms are perfect for family, visitors, or office space. Outside you will find that bonus detached guest suite, which can easily be turned into an office, guest house, workshop, or whatever fits your needs as it has it’s own air conditioning unit. There is also an outdoor utility shed, and covered storage/patio areas - perfect for storing all of your outdoor tools and toys. Both the front driveway and back patio are fitted with beautiful pavers that have been installed in the past 2 years. Enjoy the cooler nights with your brick firepit in the backyard, and the privacy of a fully fenced backyard. Buyer to receive a 1-year home warranty from American Home Shield starting on the day of closing.

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: Corrine Terrace

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240kPrice in $59k253k

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

Neighborhood: Corrine Terrace

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8351712

* 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
Baldwin Park Elementary School Primary Regular 1,182 80 8
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Baldwin Park Elementary School

  • Education Level: Primary
  • # of students: 1,182
  • # of teachers: 80
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
 

$261,000$319,000$290,000

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,007
Property Tax -$383
Property Insurance -$132
Property Management Fees -$129
CASH FLOW
$28

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.

$290,000

PROJECTED PRICE

$1,680

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 12.7%
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$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$15,863

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,366

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,4003$1,4004$1,5005$1,680
$1,680
RENT COMPS ANALYSIS
  • 5503 Trento St Orlando, FL 5
    • 3 beds 2 baths ∙ 1,607 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,607 Sqft ∙ Built 1960
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $1.05
    •  
  • 2742 Sandwell Dr Winter Park, FL 1
    • 3 beds 2 baths ∙ 1,827 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,827 Sqft ∙ Built 1968
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.71
    •  
  • 638 Saint Dunstan Way Winter Park, FL 2
    • 3 beds 2 baths ∙ 1,599 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,599 Sqft ∙ Built 1966
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.88
    •  
  • 1809 Diamond Dr Orlando, FL 3
    • 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 1960
    property image
    LEASED 09/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.84
    •  
  • 5400 Old Cheney Hwy Orlando, FL 4
    • 4 beds 3 baths ∙ 1,554 Sqft ∙ Built 1948 4 beds 3 baths ∙ 1,554 Sqft ∙ Built 1948
    property image
    LEASED 01/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.97
    •  
PROPERTY LISTING DETAILS
Brandin Johnson
1.321.217.7534
Incisive Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5918713
Last Updated: 01/23/2021
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