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5954 Forest Grove Blvd Orlando, FL 32808

3 Beds 2 Baths 1,412 sqft Built 1960

INVESTimate

$169,500

List Price

$1,170

$1,053 - $1,287

Rent Est.

$190,552  ( +12.42%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1960
  • Price/Sqft : $120.04
  • 10 Days on Market
  • MLS # : O5885796
  • Updated Date : 08/24/2020 at 15:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,412 sqft
  • Baths : 1 full , 1 half
Listing Agent

Asa Florida Properties Inc

Listing Agent's Description

Ready to move in Family Home. 3 Beds 1.5 Baths with 2 Bonus Rooms. Roof replaced 2019. Newer Septic. Newer Plumbing. Painted Interior. Fence Yard.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Pine Ridge Estates

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240kPrice in $49k253k

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

Neighborhood: Pine Ridge Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8151712

* 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
 

$152,550$186,450$169,500

PURCHASE PRICE

$1,053$1,287$1,170

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,170
EXPENSES Loan Payment -$625
Property Tax -$193
Property Insurance -$120
Property Management Fees -$105
CASH FLOW
$126

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.

$169,500

PROJECTED PRICE

$1,170

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 12.42%
Maintenance Year (1-5) 8.00%
Vacancy 5.82%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$50,668

INVESTMENT

$50,668

Down Payment
$42,375
Rehab Estimate
$5,750
Closing Costs
$2,543

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$625

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $42,375
Loan Amount $127,125
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$18,762

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,170

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,299

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,170
1$1,1702$1,2003$1,3004$1,3505$1,395
$1,395
RENT COMPS ANALYSIS
  • 5954 Forest Grove Blvd Orlando, 1
    • 3 beds 2 baths ∙ 1,412 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,412 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $1,170
    • $0.83
    •  
  • 5684 Deerfield Rd Orlando, 2
    • 4 beds 2 baths ∙ 1,413 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,413 Sqft ∙ Built 1970
    LEASED 10/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.85
    •  
  • 3650 Trianon Dr #2 Orlando, 3
    • 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 1972
    LEASED 11/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.95
    •  
  • 5867 North Ln Orlando, 4
    • 3 beds 2 baths ∙ 1,448 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,448 Sqft ∙ Built 1975
    LEASED 07/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.93
    •  
  • 3706 Wade Rd Orlando, 5
    • 3 beds 2 baths ∙ 1,463 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,463 Sqft ∙ Built 1959
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.95
    •  
PROPERTY LISTING DETAILS
Sandra Theodore-gajraj
1.407.578.5888
Asa Florida Properties Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5885796
Last Updated: 08/24/2020
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