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5624 Goldenwood Dr Orlando, FL 32817

4 Beds 2 Baths 2,131 sqft Built 1988

$324,900

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $152.46
  • 4 Days on Market
  • MLS # : O5907329
  • Updated Date : 11/20/2020 at 01:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,131 sqft
  • Baths : 2 full
Listing Agent

Nexthome Alliance Realty

Listing Agent's Description

This is the lovely house , locate in the great area, close UCF and fast growing in East Orlando, You will love this is a spacious 4 Bed 2 Bath mostly ceramic tiled floored home with 2131 Sq. Ft. under A/C. Formal living and dining rooms, with family room and screened porch. Great split bedroom plan. The master bedroom is large with a beautiful Master Bath, with dual sinks, shower stall, and garden whirlpool spa bathtub. The second bedroom has a second door just off the Master bathroom. It has mirrored walls for shelves and a closet. It would be great for an office, craft room, or nursery for the baby. There is a large tiled Family room with access to the screened back porch and backyard that is fenced. The inside Laundry room is near the kitchen with a large pantry. House just have new A.C install.

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MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Sheffield Forests

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $105k393k

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

Neighborhood: Sheffield Forests

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000Rent in $8762089

* 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
Arbor Ridge School Primary Magnet 764 56 8
Arbor Ridge School Middle Magnet 764 56 8
Cornerstone Charter Academy High School High Charter 372 21 7

Arbor Ridge School

  • Education Level: Primary
  • # of students: 764
  • # of teachers: 56
8
GreatSchools Rating

Arbor Ridge School

  • Education Level: Middle
  • # of students: 764
  • # of teachers: 56
8
GreatSchools Rating

Cornerstone Charter Academy High School

  • Education Level: High
  • # of students: 372
  • # of teachers: 21
7
GreatSchools Rating
 

$292,410$357,390$324,900

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$1,199
Property Tax -$370
Property Insurance -$163
HOA -$20
Property Management Fees -$153
CASH FLOW
-$205

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.

$324,900

PROJECTED PRICE

$1,700

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 8.3%
Maintenance Year (1-5) 8.00%
Vacancy 5.99%
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-$6.0k-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,849

INVESTMENT

$91,849

Down Payment
$81,225
Rehab Estimate
$5,750
Closing Costs
$4,874

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,225
Loan Amount $243,675
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$3,920

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,668

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,5003$1,5004$1,7005$1,835
$1,835
RENT COMPS ANALYSIS
  • 5624 Goldenwood Dr Orlando, FL 4
    • 4 beds 2 baths ∙ 2,131 Sqft ∙ Built 1988 4 beds 2 baths ∙ 2,131 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.80
    •  
  • 10780 Oak Glen Cir Orlando, FL 1
    • 3 beds 2 baths ∙ 1,803 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,803 Sqft ∙ Built 1991
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.78
    •  
  • 4470 Wyndcliff Ct Orlando, FL 2
    • 4 beds 2 baths ∙ 1,923 Sqft ∙ Built 1986 4 beds 2 baths ∙ 1,923 Sqft ∙ Built 1986
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.78
    •  
  • 10237 Chesham Dr Orlando, FL 3
    • 3 beds 2 baths ∙ 2,131 Sqft ∙ Built 1987 3 beds 2 baths ∙ 2,131 Sqft ∙ Built 1987
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.70
    •  
  • 3144 Buck Hill Pl Orlando, FL 5
    • 4 beds 2 baths ∙ 2,111 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,111 Sqft ∙ Built 2001
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,835
    • $0.87
    •  
PROPERTY LISTING DETAILS
Tai Pham
1.407.492.9322
Nexthome Alliance Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5907329
Last Updated: 11/20/2020
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