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6031 Froggatt St Orlando, FL 32835

4 Beds 4 Baths 2,497 sqft Built 2003

$378,000

List Price

$2,330

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $151.38
  • 5 Days on Market
  • MLS # : O5903090
  • Updated Date : 11/05/2020 at 00:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,497 sqft
  • Baths : 3 full , 1 half
Listing Agent

Home Invest Realty Inc

Listing Agent's Description

This 4 bedroom, 2 story home is located in the convenient Metrowest area where offers plenty of employment opportunities and surrounded with variety of businesses and activities. The home has over 1/4 acre of land, large backyard with fruit trees and more space for expansion. All 4 bedrooms are on the second floor, downstairs has a den which maybe used as a 5th bedroom, ceramic tiles throughout the first floor and laminated wood flooring on the second story. A large kitchen with an island in connection to the living room and next to a nook; a large family room also welcomes you from the entry of the house. Universal Studios and Millenia Mall are all down the streets, easy access to I-4 and E/W expressway which lead you to downtown Orlando, Tampa, OIA and east/west coasts, etc...

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Metro West

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $87k253k

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

Neighborhood: Metro West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100220023002400Rent in $10282458

* 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
Windy Ridge Elementary School Primary Magnet 1,144 80 9
Windy Ridge Elementary School Middle Magnet 1,144 80 9
Cornerstone Charter Academy High School High Charter 372 21 7

Windy Ridge Elementary School

  • Education Level: Primary
  • # of students: 1,144
  • # of teachers: 80
9
GreatSchools Rating

Windy Ridge Elementary School

  • Education Level: Middle
  • # of students: 1,144
  • # of teachers: 80
9
GreatSchools Rating

Cornerstone Charter Academy High School

  • Education Level: High
  • # of students: 372
  • # of teachers: 21
7
GreatSchools Rating
 

$340,200$415,800$378,000

PURCHASE PRICE

$2,097$2,563$2,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,330
EXPENSES Loan Payment -$1,395
Property Tax -$500
Property Insurance -$185
HOA -$195
Property Management Fees -$210
CASH FLOW
-$154

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.

$378,000

PROJECTED PRICE

$2,330

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 6.3%
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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,920

INVESTMENT

$105,920

Down Payment
$94,500
Rehab Estimate
$5,750
Closing Costs
$5,670

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,395

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $94,500
Loan Amount $283,500
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$5,320

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,330

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $2,328

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,3003$2,3304$2,4005$2,500
$2,500
RENT COMPS ANALYSIS
  • 6031 Froggatt St Orlando, FL 3
    • 4 beds 4 baths ∙ 2,497 Sqft ∙ Built 2003 4 beds 4 baths ∙ 2,497 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $2,330
    • $0.93
    •  
  • 6409 Winder Oaks Blvd Orlando, FL 1
    • 4 beds 3 baths ∙ 2,203 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,203 Sqft ∙ Built 1999
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.91
    •  
  • 5916 Buford St Orlando, FL 2
    • 4 beds 4 baths ∙ 2,511 Sqft ∙ Built 2004 4 beds 4 baths ∙ 2,511 Sqft ∙ Built 2004
    LEASED 01/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.92
    •  
  • 4360 Conroy Club Dr Orlando, FL 4
    • 4 beds 3 baths ∙ 2,534 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,534 Sqft ∙ Built 2003
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.95
    •  
  • 4341 Woodtree Ln #3 Orlando, FL 5
    • 4 beds 3 baths ∙ 2,645 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,645 Sqft ∙ Built 1984
    LEASED 09/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.95
    •  
PROPERTY LISTING DETAILS
Lisa Liao
1.407.394.5114
Home Invest Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5903090
Last Updated: 11/05/2020
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