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5684 Minute Man Ct Orlando, FL 32821

4 Beds 3 Baths 2,170 sqft Built 1979

$330,000

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $152.07
  • 3 Days on Market
  • MLS # : O5915866
  • Updated Date : 01/15/2021 at 18:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,170 sqft
  • Baths : 3 full
Listing Agent

La Rosa Realty, Llc

Listing Agent's Description

CORNER LOT! Fully REMODELED home located in the highly sought after community of Williamsburg! 4 bed/3 bath. Large open floor plan. Tile roof. New porcelain tile flooring throughout. NEW: wiring, plumbing, insulation, main entry service and breaker box. Completely redone kitchen and bathrooms. The open kitchen includes a huge island, granite counter tops, new cabinets and stainless steel appliances. New water heater. The AC was replaced in 2016. New interior and exterior paint. Double car driveway. New ceiling fans in bedrooms and living areas. New energy efficient double pane windows. Montpelier Village offers a recreation center, fitness room, pool, basketball and tennis courts. The HOA fee includes lawn service, irrigation, and sprinkler maintenance. There is also a Boat and RV parking facility available for residents of Montpelier Community. GREAT LOCATION! Nearby shopping. Conveniently located close to major highways and expressways, including I-4 and 528. Minutes from I-Drive and the Convention Center. This newly remodeled home is definitely A MUST SEE!!

SEE MORE

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: Montpelier Village

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240kPrice in $102k253k

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

Neighborhood: Montpelier Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9101712

* 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
 

$297,000$363,000$330,000

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,146
Property Tax -$369
Property Insurance -$166
HOA -$80
Property Management Fees -$129
CASH FLOW
-$100

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.

$330,000

PROJECTED PRICE

$1,790

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 10.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.01%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$9,209

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,904

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6503$1,7004$1,7905$1,850
$1,850
RENT COMPS ANALYSIS
  • 5684 Minute Man Ct Orlando, FL 4
    • 4 beds 3 baths ∙ 2,170 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,170 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.82
    •  
  • 10123 Mason Dixon Cir Orlando, FL 1
    • 3 beds 2 baths ∙ 1,873 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,873 Sqft ∙ Built 1980
    LEASED 04/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.85
    •  
  • 10235 Manila Bay Dr Orlando, FL 2
    • 3 beds 2 baths ∙ 1,873 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,873 Sqft ∙ Built 1980
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.88
    •  
  • 10626 Deergrass Ln Orlando, FL 3
    • 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 1978
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.93
    •  
  • 5572 Memorial Dr Orlando, FL 5
    • 3 beds 2 baths ∙ 2,185 Sqft ∙ Built 1979 3 beds 2 baths ∙ 2,185 Sqft ∙ Built 1979
    LEASED 09/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.85
    •  
PROPERTY LISTING DETAILS
Patricia Rojas Garcia
1.407.222.2359
La Rosa Realty, Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5915866
Last Updated: 01/15/2021
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