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5545 Berwood Dr Orlando, FL 32810

4 Beds 3 Baths 2,581 sqft Built 2003

INVESTimate

$324,000

List Price

$1,900

$1,710 - $2,090

Rent Est.

$358,247  ( +10.57%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $125.53
  • 3 Days on Market
  • MLS # : O5887109
  • Updated Date : 08/24/2020 at 12:20
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,581 sqft
  • Baths : 3 full
Listing Agent

Mainframe Real Estate

Listing Agent's Description

Come see this beautiful home in the quaint gated community of Rose Bay. This home has been well maintained and it shows. This 4 Bedroom has 3 Full Baths and great open floor plan. When you walk in you have the Living Room / Dining Room combination. Passing under the center hallway you enter into the large open Kitchen and Family Room. The second floor has the 4th Bedroom with Full Bath that can also be used for another flex space. Fenced in backyard. This home is great for anyone that wants a quiet life or likes to entertain. The community has a playground, and mature landscaping. There is a lot of details in this home that will set it apart from the rest. Located on the Orlando/Maitland border and close to all major highways, and amenities.

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: Rose Bay

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $105k298k

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

Neighborhood: Rose Bay

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210501100115012001250130013501400145015001550160016501700Rent in $10281745

* 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
 

$291,600$356,400$324,000

PURCHASE PRICE

$1,710$2,090$1,900

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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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 $1,900
EXPENSES Loan Payment -$1,195
Property Tax -$390
Property Insurance -$190
HOA -$38
Property Management Fees -$171
CASH FLOW
-$85

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.

$324,000

PROJECTED PRICE

$1,900

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 10.57%
Maintenance Year (1-5) 8.00%
Vacancy 6.01%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,610

INVESTMENT

$91,610

Down Payment
$81,000
Rehab Estimate
$5,750
Closing Costs
$4,860

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,195

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,000
Loan Amount $243,000
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$8,309

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $2,020

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,735
1$1,7352$1,9003$1,9954$2,0755$2,095
$2,095
RENT COMPS ANALYSIS
  • 5545 Berwood Dr Orlando, 2
    • 4 beds 3 baths ∙ 2,581 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,581 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.74
    •  
  • 8345 Baywood Vista Dr Orlando, 1
    • 3 beds 2 baths ∙ 2,265 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,265 Sqft ∙ Built 2003
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,735
    • $0.77
    •  
  • 5536 Burlwood Dr Orlando, 3
    • 4 beds 3 baths ∙ 2,551 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,551 Sqft ∙ Built 2001
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.78
    •  
  • 4750 Park Eden Cir Orlando, 4
    • 4 beds 3 baths ∙ 2,571 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,571 Sqft ∙ Built 2001
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,075
    • $0.81
    •  
  • 3924 Lakeside Reserve Ln Orlando, 5
    • 5 beds 3 baths ∙ 2,722 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,722 Sqft ∙ Built 2001
    LEASED 12/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.77
    •  
PROPERTY LISTING DETAILS
Paul Richards
1.407.765.1112
Mainframe Real Estate
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5887109
Last Updated: 08/24/2020
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