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5983 Parkview Point Dr Orlando, FL 32821

3 Beds 2 Baths 1,726 sqft Built 1991

$299,500

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $173.52
  • 5 Days on Market
  • MLS # : O5918139
  • Updated Date : 01/28/2021 at 17:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,726 sqft
  • Baths : 2 full
Listing Agent

Florida Connexion Properties

Listing Agent's Description

Beautiful Home in the desirable community of Parkview Point! This Single Family Residence offers a spacious living area of 1,726 SqFt, 3 bedrooms, 2 bathrooms, 2 car garage, granite counter tops in the kitchen, enclosed Florida room with AC and vinyl plank flooring in the kitchen, living room and Florida room. Enjoy the well kept community with low HOA fee that covers the lawn maintenance, clubhouse with a pool, spa, walking trails, and a tennis court. Conveniently located, close to International Drive, SeaWorld, Disney parks, restaurants, and many more attractions. Must see, schedule your showing today!

SEE MORE

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: Parkview Pointe

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $105k311k

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

Neighborhood: Parkview Pointe

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9881770

* 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
Waterbridge Elementary School Primary Regular 1,137 72 5
Freedom Middle School Middle Regular 1,040 58 3
Freedom High School High Regular 3,281 149 6

Waterbridge Elementary School

  • Education Level: Primary
  • # of students: 1,137
  • # of teachers: 72
5
GreatSchools Rating

Freedom Middle School

  • Education Level: Middle
  • # of students: 1,040
  • # of teachers: 58
3
GreatSchools Rating

Freedom High School

  • Education Level: High
  • # of students: 3,281
  • # of teachers: 149
6
GreatSchools Rating
 

$269,550$329,450$299,500

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,040
Property Tax -$335
Property Insurance -$139
HOA -$80
Property Management Fees -$129
CASH FLOW
$17

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.

$299,500

PROJECTED PRICE

$1,740

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 7.7%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,118

INVESTMENT

$85,118

Down Payment
$74,875
Rehab Estimate
$5,750
Closing Costs
$4,493

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,040

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,875
Loan Amount $224,625
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$15,871

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,791

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6953$1,7404$1,8955$2,050
$2,050
RENT COMPS ANALYSIS
  • 5983 Parkview Point Dr Orlando, FL 3
    • 3 beds 2 baths ∙ 1,726 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,726 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $1.01
    •  
  • 5505 Deer Creek Dr Orlando, FL 1
    • 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 1988
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.97
    •  
  • 5601 Deepdale Dr Orlando, FL 2
    • 3 beds 2 baths ∙ 1,696 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,696 Sqft ∙ Built 1990
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.00
    •  
  • 5632 Delano Ln Orlando, FL 4
    • 4 beds 2 baths ∙ 1,710 Sqft ∙ Built 1990 4 beds 2 baths ∙ 1,710 Sqft ∙ Built 1990
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.11
    •  
  • 5372 Watervista Dr Orlando, FL 5
    • 4 beds 3 baths ∙ 1,910 Sqft ∙ Built 2000 4 beds 3 baths ∙ 1,910 Sqft ∙ Built 2000
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.07
    •  
PROPERTY LISTING DETAILS
Rosana Almeida
1.407.468.5600
Florida Connexion Properties
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5918139
Last Updated: 01/28/2021
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