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5547 Kingswood Dr Orlando, FL 32810

5 Beds 3 Baths 2,409 sqft Built 1966

$298,500

List Price

$2,090

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1966
  • Price/Sqft : $123.91
  • 5 Days on Market
  • MLS # : O5925779
  • Updated Date : 02/25/2021 at 22:31
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,409 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty Llc

Listing Agent's Description

The residence was completely remodeled since 2000. The original AC system was replaced with two high-efficiency units and separate electronic thermostats and all-new hospital-type anti-microbial and mold/mildew resistance ducts. The Main area AC system also has an electronic filtering system. The kitchen has been completely remodeled in 2012 with new cabinets, granite countertops, Kenmore Elite Appliances to include a convection oven, French door refrigerator, smooth glass top cooktop with fully ducted hood. New flooring includes carpet in the living room, master bedroom, and three of the bedrooms and stranded bamboo flooring in the Florida room, 5th bedroom, and connecting hallway. Also, tile flooring in the master bath, dining room, and foyer. Commercial grade vinyl installed in kitchen and guest powder room. Commercial grade indoor/outdoor Berber carpet installed in Laundry. New LG washer and dryer (2015). Roof installed in 2009 with an architectural grade, 110 mph rated shingles. The new circular concrete driveway and original driveway were replaced. The concrete block wall facing the side street (Princewood) was replaced and driveway and walk-through gates were added. Ceiling fans with remote controls are installed throughout the house. All original windows and doors have been replaced with double glazed glass and insulated steel doors. Also new high-efficiency vinyl sliders and insulated double-walled garage door. Bathrooms have new cabinetry and fixtures. The above-listed remodeling and improvements include the majority of major items but are not inclusive of all improvements to the residence. Must be seen to be appreciated. Shown by appointment only.

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Kingswood Manor

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $69k253k

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

Neighborhood: Kingswood Manor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8951712

* 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
Lake Weston Elementary School Primary Regular 537 35 1
Lockhart Middle School Middle Regular 814 44 3
Edgewater High School High Magnet 1,782 89 4

Lake Weston Elementary School

  • Education Level: Primary
  • # of students: 537
  • # of teachers: 35
1
GreatSchools Rating

Lockhart Middle School

  • Education Level: Middle
  • # of students: 814
  • # of teachers: 44
3
GreatSchools Rating

Edgewater High School

  • Education Level: High
  • # of students: 1,782
  • # of teachers: 89
4
GreatSchools Rating
 

$268,650$328,350$298,500

PURCHASE PRICE

$1,881$2,299$2,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,090
EXPENSES Loan Payment -$1,037
Property Tax -$361
Property Insurance -$180
Property Management Fees -$129
CASH FLOW
$383

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.

$298,500

PROJECTED PRICE

$2,090

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 9.2%
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$0.0$5.0k$10k$15k$20k

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$84,853

INVESTMENT

$84,853

Down Payment
$74,625
Rehab Estimate
$5,750
Closing Costs
$4,478

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,037

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,625
Loan Amount $223,875
See What Happens When You Reinvest Cash Flow

11.33

YEARS SAVED

$51,204

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,090

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $2,232

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$2,090
1$2,0902$2,1003$2,2004$2,300
$2,300
RENT COMPS ANALYSIS
  • 5547 Kingswood Dr Orlando, FL 1
    • 5 beds 3 baths ∙ 2,409 Sqft ∙ Built 1966 5 beds 3 baths ∙ 2,409 Sqft ∙ Built 1966
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,090
    • $0.87
    •  
  • 1040 Windgrove Trl Maitland, FL 2
    • 4 beds 2 baths ∙ 2,390 Sqft ∙ Built 1970 4 beds 2 baths ∙ 2,390 Sqft ∙ Built 1970
    property image
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.88
    •  
  • 616 Driver Ave Winter Park, FL 3
    • 6 beds 3 baths ∙ 2,302 Sqft ∙ Built 1984 6 beds 3 baths ∙ 2,302 Sqft ∙ Built 1984
    property image
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.96
    •  
  • 1009 Alfred Dr Orlando, FL 4
    • 4 beds 3 baths ∙ 2,456 Sqft ∙ Built 1967 4 beds 3 baths ∙ 2,456 Sqft ∙ Built 1967
    property image
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.94
    •  
PROPERTY LISTING DETAILS
Benjamin Berry, Iii
1.912.398.3058
Exp Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5925779
Last Updated: 02/25/2021
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