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5573 Blue Tick Dr Orlando, FL 32810

4 Beds 2 Baths 2,022 sqft Built 1993

$300,000

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $148.37
  • 4 Days on Market
  • MLS # : O5925618
  • Updated Date : 02/25/2021 at 21:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,022 sqft
  • Baths : 2 full
Listing Agent

Centric Realty Services Llc

Listing Agent's Description

Welcome to Quail Ridge, this well maintained 4 bedroom 2 bath home features a spacious backyard and 2,022 square feet of living space.This open and split floor plan is feat a WOOD BURNING FIRRE PLACE with TILE AND WOOD floors throughout! Your centrally located kitchen is highlighted with breakfast bar, and comes with all STAINLESS STEEL APPLIANCES including refrigerator, flat surface range, built in microwave, and dishwasher. THE AC UNIUT is from 2017, ROOF was installed in 2017.FRESH PAINTED inside and out, NO HOA.This property is located minutes from all major highways like I-4, US 408, 429 and conveniently located close to major shopping and restaurants.

SEE MORE

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: Quail Ridge

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $69k268k

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

Neighborhood: Quail Ridge

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
Lockhart Elementary School Primary Regular 481 35 3
Lockhart Middle School Middle Regular 814 44 3
Wekiva High School High Regular 2,349 113 4

Lockhart Elementary School

  • Education Level: Primary
  • # of students: 481
  • # of teachers: 35
3
GreatSchools Rating

Lockhart Middle School

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

Wekiva High School

  • Education Level: High
  • # of students: 2,349
  • # of teachers: 113
4
GreatSchools Rating
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$1,042
Property Tax -$341
Property Insurance -$157
Property Management Fees -$129
CASH FLOW
-$59

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.

$300,000

PROJECTED PRICE

$1,610

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 10.6%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

3.83

YEARS SAVED

$10,436

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,623

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4353$1,4504$1,6105$1,650
$1,650
RENT COMPS ANALYSIS
  • 5573 Blue Tick Dr Orlando, FL 4
    • 4 beds 2 baths ∙ 2,022 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,022 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.80
    •  
  • 4783 Corpus Christy Ct Orlando, FL 1
    • 3 beds 2 baths ∙ 1,886 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,886 Sqft ∙ Built 1982
    LEASED 12/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.74
    •  
  • 5406 Britan Dr Orlando, FL 2
    • 4 beds 2 baths ∙ 1,679 Sqft ∙ Built 1988 4 beds 2 baths ∙ 1,679 Sqft ∙ Built 1988
    LEASED 08/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,435
    • $0.85
    •  
  • 6848 Rubens Ct Orlando, FL 3
    • 4 beds 2 baths ∙ 1,864 Sqft ∙ Built 1987 4 beds 2 baths ∙ 1,864 Sqft ∙ Built 1987
    LEASED 09/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.78
    •  
  • 6711 King Rail Ct Orlando, FL 5
    • 4 beds 2 baths ∙ 1,965 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,965 Sqft ∙ Built 1998
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.84
    •  
PROPERTY LISTING DETAILS
Widny Alexandre, Llc
1.407.913.1437
Centric Realty Services Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5925618
Last Updated: 02/25/2021
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