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5840 Mariposa Cove Ln Orlando, FL 32822

4 Beds 3 Baths 2,052 sqft Built 2005

$299,800

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $146.10
  • 4 Days on Market
  • MLS # : O5927637
  • Updated Date : 03/05/2021 at 10:38
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,052 sqft
  • Baths : 2 full , 1 half
Listing Agent

Premier Sothebys Int'l Realty

Listing Agent's Description

Immaculate 4-bedroom, 2.5-bath with two master suites. Just remodeled. Freshly painted and new carpet. Spacious eat-in kitchen with breakfast island and all kitchen appliances included. An indoor laundry room with washer and dryer included. The entire first floor has ceramic tile flooring, two walk-in closets, a security system that is owned but, needs to be connected, a brick paver driveway and walkway, a sprinkler system with St. Augustine yard. The backyard is partially fenced which overlooks a canal. This home is move-in ready. A quick close and immediate occupancy available. Call now to schedule your private tour of this home.

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: South Semoran

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240kPrice in $45k253k

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

Neighborhood: South Semoran

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8031712

* 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
Michael Mccoy Elementary School Primary Regular 788 53 3
Liberty Middle School Middle Regular 1,025 61 2
Colonial High School High Magnet 3,339 160 4

Michael Mccoy Elementary School

  • Education Level: Primary
  • # of students: 788
  • # of teachers: 53
3
GreatSchools Rating

Liberty Middle School

  • Education Level: Middle
  • # of students: 1,025
  • # of teachers: 61
2
GreatSchools Rating

Colonial High School

  • Education Level: High
  • # of students: 3,339
  • # of teachers: 160
4
GreatSchools Rating
 

$269,820$329,780$299,800

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,041
Property Tax -$372
Property Insurance -$159
HOA -$181
Property Management Fees -$129
CASH FLOW
-$62

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.

$299,800

PROJECTED PRICE

$1,820

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 7.4%
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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,197

INVESTMENT

$85,197

Down Payment
$74,950
Rehab Estimate
$5,750
Closing Costs
$4,497

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,041

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,950
Loan Amount $224,850
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$8,213

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,990

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,790
1$1,7902$1,7953$1,8204$1,9005$2,450
$2,450
RENT COMPS ANALYSIS
  • 5840 Mariposa Cove Ln Orlando, FL 3
    • 4 beds 3 baths ∙ 2,052 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,052 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $0.89
    •  
  • 7617 Beatty Dr Orlando, FL 1
    • 4 beds 2 baths ∙ 1,792 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,792 Sqft ∙ Built 2000
    LEASED 11/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $1.00
    •  
  • 5824 Mariposa Cove Ln Orlando, FL 2
    • 4 beds 3 baths ∙ 2,051 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,051 Sqft ∙ Built 2005
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.88
    •  
  • 5263 Secluded Oaks Dr Orlando, FL 4
    • 3 beds 2 baths ∙ 1,953 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,953 Sqft ∙ Built 1990
    LEASED 02/21/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.97
    •  
  • 3845 Gatlin Place Cir Orlando, FL 5
    • 4 beds 3 baths ∙ 2,389 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,389 Sqft ∙ Built 1991
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.03
    •  
PROPERTY LISTING DETAILS
Wendy Fischer
1.407.620.0713
Premier Sothebys Int'l Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5927637
Last Updated: 03/05/2021
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