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6261 Silver Glen Ct Orlando, FL 32819

4 Beds 2 Baths 1,671 sqft Built 1985

$319,000

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1985
  • Price/Sqft : $190.90
  • 3 Days on Market
  • MLS # : O5903592
  • Updated Date : 11/06/2020 at 15:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,671 sqft
  • Baths : 2 full
Listing Agent

Wemert Group Realty Llc

Listing Agent's Description

One or more photo(s) has been virtually staged. **EASY TO SHOW** WELCOME HOME! This 4BD/2BA Single Story home sits on a *HUGE 1/4 ACRE LOT* tucked away in a quiet *CUL-DE-SAC* with a *LOW HOA* and is *ZONED for TOP RATED SCHOOLS*!!! The main living areas offer neutral paint, refreshing tile flooring and windows galore that pour in tons of NATURAL LIGHT! The FAMILY ROOM is located at the front of the home and features a floor to ceiling BRICK FRONT WOOD BURNING FIREPLACE along with RECESSED LIGHTS and a CEILING FAN. The KITCHEN OPENS to the family room, making it ideal for entertaining guests and includes quality appliances, seemingly endless CABINET STORAGE, and a BREAKFAST BAR. Off the kitchen you will find a FAMILY ROOM or formal DINING ROOM with large SLIDING DOORS that lead out to the patio! The sizable PRIMARY BEDROOM provides an EN-SUITE bathroom with a WALK-IN CLOSET, two separate VANITIES and a SHOWER/TUB COMBO. This home also features THREE generously sized bedrooms and a SECOND FULL BATHROOM. Outside you will find a spacious SCREENED-IN PATIO perfect for barbecue gatherings with friends and family! The massive backyard is a blank canvas to create your dream backyard, whether you add a pool, start a garden, plant trees or flowers, the possibilities are endless! Sand Lake Hills is a friendly and quiet community, with easy access to major roadways I-4, W Sandlake Rd, FL Turnpike, Universal Blvd, International Dr and located near Universal/Disney Theme Parks, Discovery Cove, Arnold Palmer's Bay Hill Club & Lodge, Shadow Bay Park, a plethora of amusement parks, local dining, shopping and so much more! Perfectly located to all that Orlando has to offer, this home has everything you need to create new memories! Call TODAY for your private tour!

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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: Sand Lake Hills

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $105k384k

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

Neighborhood: Sand Lake Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10292363

* 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
Dr. Phillips Elementary School Primary Regular 641 43 9
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Dr. Phillips Elementary School

  • Education Level: Primary
  • # of students: 641
  • # of teachers: 43
9
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
 

$287,100$350,900$319,000

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$1,177
Property Tax -$361
Property Insurance -$136
HOA -$17
Property Management Fees -$167
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.

$319,000

PROJECTED PRICE

$1,860

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 6.6%
Maintenance Year (1-5) 8.00%
Vacancy 5.99%
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$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$90,285

INVESTMENT

$90,285

Down Payment
$79,750
Rehab Estimate
$5,750
Closing Costs
$4,785

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,177

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $79,750
Loan Amount $239,250
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$17,817

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,860

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $1,963

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,8603$2,0504$2,1005$2,125
$2,125
RENT COMPS ANALYSIS
  • 6261 Silver Glen Ct Orlando, FL 2
    • 4 beds 2 baths ∙ 1,671 Sqft ∙ Built 1985 4 beds 2 baths ∙ 1,671 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $1.11
    •  
  • 6602 Pampus Dr Orlando, FL 1
    • 4 beds 2 baths ∙ 1,770 Sqft ∙ Built 1987 4 beds 2 baths ∙ 1,770 Sqft ∙ Built 1987
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.05
    •  
  • 6334 Ridgeberry Dr Orlando, FL 3
    • 3 beds 2 baths ∙ 1,680 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,680 Sqft ∙ Built 1980
    LEASED 10/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.22
    •  
  • 6324 Orange Cove Dr Orlando, FL 4
    • 3 beds 2 baths ∙ 1,842 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,842 Sqft ∙ Built 1983
    LEASED 09/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.14
    •  
  • 6221 Silver Glen Ct Orlando, FL 5
    • 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 1985
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,125
    • $1.29
    •  
PROPERTY LISTING DETAILS
Jennifer Wemert
1.407.777.4248
Wemert Group Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5903592
Last Updated: 11/06/2020
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