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5914 Rosette St Orlando, FL 32835

3 Beds 2 Baths 1,160 sqft Built 1981

$249,999

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

February 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $215.52
  • 7 Days on Market
  • MLS # : S5046207
  • Updated Date : 02/13/2021 at 19:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,160 sqft
  • Baths : 2 full
Listing Agent

Deconova International Group

Listing Agent's Description

A HOME IN ORLANDO FOR UNDER $250,000?! Don't miss this opportunity. This BEAUTIFUL 3 bed 2 bath home in the heart of ORLANDO is ready for its new owner. The home features a two car garage with plenty of space. The property is ready for anyone looking for a CLEAN and well kept place to call home. The home features gorgeous floors throughout, a FLORIDA ROOM with INCLUDED ENTERTAINMENT CONSOLE, many windows for a lot of natural light. The home inside has a dining/kitchen combo. Once you exit to the backyard, there is a JACUZZI to relax in. The property CENTRALLY LOCATED and your commute times can be short. The Mall of Millenia is only 15 minutes away and Walt Disney World is less than 30 minutes away! The home also has an UPDATED AC SYSTEM and recently replaced ROOF! Call today for your appointment! AS-IS Sale. ALL Information on this MLS listing is INTENDED TO BE CORRECT. Buyer must VERIFY all information.

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MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Lake Hill

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240kPrice in $55k253k

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

Neighborhood: Lake Hill

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8671712

* 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
Oak Hill Elementary School Primary Regular 485 35 3
Chain Of Lakes Middle School Middle Regular 1,285 74 3
Olympia High School High Regular 2,990 134 7

Oak Hill Elementary School

  • Education Level: Primary
  • # of students: 485
  • # of teachers: 35
3
GreatSchools Rating

Chain Of Lakes Middle School

  • Education Level: Middle
  • # of students: 1,285
  • # of teachers: 74
3
GreatSchools Rating

Olympia High School

  • Education Level: High
  • # of students: 2,990
  • # of teachers: 134
7
GreatSchools Rating
 

$224,999$274,999$249,999

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$868
Property Tax -$284
Property Insurance -$105
Property Management Fees -$129
CASH FLOW
$3

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.

$249,999

PROJECTED PRICE

$1,390

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 5.6%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,500
Loan Amount $187,499
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$13,398

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,390

    LIST RENT
  • $1.2

    LIST RENT PER SQFT
  • $1,267

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,267
1$1,2672$1,3503$1,3904$1,3955$1,450
$1,450
RENT COMPS ANALYSIS
  • 5914 Rosette St Orlando, FL 3
    • 3 beds 2 baths ∙ 1,160 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,160 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $1.20
    •  
  • 5401 Lescot Ln Orlando, FL 1
    • 4 beds 2 baths ∙ 1,276 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,276 Sqft ∙ Built 1973
    LEASED 01/27/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,267
    • $0.99
    •  
  • 5422 Cedar Ln Orlando, FL 2
    • 3 beds 2 baths ∙ 1,183 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,183 Sqft ∙ Built 1991
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.14
    •  
  • 5467 Karen Ct Orlando, FL 4
    • 4 beds 2 baths ∙ 1,225 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,225 Sqft ∙ Built 1972
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.14
    •  
  • 32 Grand Junction Blvd Orlando, FL 5
    • 3 beds 2 baths ∙ 1,324 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,324 Sqft ∙ Built 1987
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.10
    •  
PROPERTY LISTING DETAILS
Carolina Nunez Esquiaqui
1.407.376.2229
Deconova International Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: S5046207
Last Updated: 02/13/2021
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