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5528 Pine Shade Ct Orlando, FL 32819

4 Beds 3 Baths 2,629 sqft Built 1985

INVESTimate

$440,000

List Price

$2,420

$2,178 - $2,662

Rent Est.

$460,592  ( +4.68%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1985
  • Price/Sqft : $167.36
  • 6 Days on Market
  • MLS # : O5886654
  • Updated Date : 08/25/2020 at 20:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,629 sqft
  • Baths : 3 full
Listing Agent

Century 21 Carioti

Listing Agent's Description

Well kept home in a cul-de-sac in the Dr. Phillips neighborhood. New roof in 2016. The 4/3 home features an open floor plan, 2-way bedroom split, with formal dining and living room separated, vaulted ceiling, integrated family room/ kitchen with burning wood fireplace, plus an enclosed Florida room/ solarium with fench door and double panel windows, which can be used as a winter garden, fitness space, library corner, office, arts studio, etc. Plantation Shutters throughout the house. Highly rated schools district. Over sized fenced backyard , being a total area of the lot of 0.35 acres. Plus a plastic shed for extra storage! Minutes away from restaurant row at Sand Lake Road, several outlet malls and Universal, Disney, Sea World, etc. Easy access to I-4, CR 528 and Turnpike. HOA optional. Owners motivated. MORE PICTURES TO COME

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: 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
 

$396,000$484,000$440,000

PURCHASE PRICE

$2,178$2,662$2,420

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,420
EXPENSES Loan Payment -$1,623
Property Tax -$491
Property Insurance -$193
HOA -$8
Property Management Fees -$218
CASH FLOW
-$114

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.

$440,000

PROJECTED PRICE

$2,420

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 4.68%
Maintenance Year (1-5) 8.00%
Vacancy 5.99%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$122,350

INVESTMENT

$122,350

Down Payment
$110,000
Rehab Estimate
$5,750
Closing Costs
$6,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,623

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $110,000
Loan Amount $330,000
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$15,679

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,420

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $2,629

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$2,420
1$2,4202$2,4953$2,5504$2,5955$2,689
$2,689
RENT COMPS ANALYSIS
  • 5528 Pine Shade Ct Orlando, 1
    • 4 beds 3 baths ∙ 2,629 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,629 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $2,420
    • $0.92
    •  
  • 7826 Thicket Ln Orlando, 2
    • 4 beds 3 baths ∙ 2,505 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,505 Sqft ∙ Built 1985
    LEASED 09/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.00
    •  
  • 5783 Craindale Dr Orlando, 3
    • 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
    •  
  • 5175 Hidden Springs Blvd Orlando, 4
    • 4 beds 2 baths ∙ 2,722 Sqft ∙ Built 1983 4 beds 2 baths ∙ 2,722 Sqft ∙ Built 1983
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.95
    •  
  • 5433 Rustic Pine Ct Orlando, 5
    • 3 beds 2 baths ∙ 2,483 Sqft ∙ Built 1986 3 beds 2 baths ∙ 2,483 Sqft ∙ Built 1986
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,689
    • $1.08
    •  
PROPERTY LISTING DETAILS
Michael Nemec
1.407.929.8834
Century 21 Carioti
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5886654
Last Updated: 08/25/2020
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