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5511 Indian Hill Rd Orlando, FL 32808

4 Beds 3 Baths 1,316 sqft Built 1971

INVESTimate

$179,000

List Price

$1,110

$999 - $1,221

Rent Est.

$201,232  ( +12.42%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 1971
  • Price/Sqft : $136.02
  • 4 Days on Market
  • MLS # : O5884395
  • Updated Date : 08/23/2020 at 19:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,316 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Prime Properties

Listing Agent's Description

Great Opportunity to own this great 4 bedroom 2 and a half bath home in the heart of Orlando! This 1316 square foot home has a newer roof, is tiled throughout, new septic and drain field, and has a huge private fenced back yard. Built in 1971 this split plan, master on one end and the other bedrooms and baths on the other end. Nice enclosed back patio sits on 0.36 acres of dry land. Bring all offers to this motivated sellers property.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Mier Manor

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240kPrice in $46k253k

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

Neighborhood: Mier Manor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7731712

* 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
 

$161,100$196,900$179,000

PURCHASE PRICE

$999$1,221$1,110

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,110
EXPENSES Loan Payment -$660
Property Tax -$204
Property Insurance -$115
Property Management Fees -$100
CASH FLOW
$31

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.

$179,000

PROJECTED PRICE

$1,110

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 12.42%
Maintenance Year (1-5) 8.00%
Vacancy 5.82%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$53,185

INVESTMENT

$53,185

Down Payment
$44,750
Rehab Estimate
$5,750
Closing Costs
$2,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $44,750
Loan Amount $134,250
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$9,849

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,110

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,082

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$895
1$8952$1,0673$1,1104$1,2005$1,250
$1,250
RENT COMPS ANALYSIS
  • 5511 Indian Hill Rd Orlando, 3
    • 4 beds 3 baths ∙ 1,316 Sqft ∙ Built 1971 4 beds 3 baths ∙ 1,316 Sqft ∙ Built 1971
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,110
    • $0.84
    •  
  • 3810 Meadowbrook Ave Orlando, 1
    • 3 beds 2 baths ∙ 1,265 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,265 Sqft ∙ Built 1958
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $895
    • $0.71
    •  
  • 5613 Elon Drive Orlando, 2
    • 3 beds 2 baths ∙ 1,218 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,218 Sqft ∙ Built 1960
    property image
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,067
    • $0.88
    •  
  • 5684 Deerfield Rd Orlando, 4
    • 4 beds 2 baths ∙ 1,413 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,413 Sqft ∙ Built 1970
    property image
    LEASED 10/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.85
    •  
  • 5309 Grandview Dr Orlando, 5
    • 4 beds 2 baths ∙ 1,479 Sqft ∙ Built 1959 4 beds 2 baths ∙ 1,479 Sqft ∙ Built 1959
    property image
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.85
    •  
PROPERTY LISTING DETAILS
Milton James
1.407.572.4458
Re/max Prime Properties
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5884395
Last Updated: 08/23/2020
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