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6429 Streamport Dr Orlando, FL 32822

3 Beds 3 Baths 1,825 sqft Built 1995

$288,000

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $157.81
  • 4 Days on Market
  • MLS # : O5907238
  • Updated Date : 11/20/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,825 sqft
  • Baths : 2 full , 1 half
Listing Agent

Simpson Realty Llc

Listing Agent's Description

Large, bright and well maintained home with nearly unlimited potential. Located in the Ventura Country Club minutes from Orlando International Airport and a short drive to all the entertainment options Orlando is famous for. Large backyard and gorgeous trees. New outdoor A/C condenser unit and new carrier cased coil. Enjoy the Resort Style Amenities Ventura has to Offer - 18 Hole Golf Course, 19th Hole Restaurant, Club House, Fitness Center, Library, Activity Rooms, Olympic Size Pool, Tennis, Basketball, Playgrounds, Walking Trails, Lake Picnic Area, Community Activities & Security. Great Location - Close to Schools, Shopping, Major Highways, Restaurants, Downtown Orlando, Orlando International Airport, Lake Nona Medical City, Malls & Attractions

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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.

PRICE & RENT TRENDS

Neighborhood: Ventura

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240kPrice in $47k253k

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

Neighborhood: Ventura

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8951712

* 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
 

$259,200$316,800$288,000

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$1,063
Property Tax -$358
Property Insurance -$145
HOA -$165
Property Management Fees -$154
CASH FLOW
-$174

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.

$288,000

PROJECTED PRICE

$1,710

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 8.2%
Maintenance Year (1-5) 8.00%
Vacancy 5.82%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

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$82,070

INVESTMENT

$82,070

Down Payment
$72,000
Rehab Estimate
$5,750
Closing Costs
$4,320

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,063

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,000
Loan Amount $216,000
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$1,661

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,793

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,7103$1,8504$1,9005$1,950
$1,950
RENT COMPS ANALYSIS
  • 6429 Streamport Dr Orlando, FL 2
    • 3 beds 3 baths ∙ 1,825 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,825 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.94
    •  
  • 3641 Idle Hour Dr Orlando, FL 1
    • 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 1991
    LEASED 11/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.98
    •  
  • 3419 Santa Monica Dr Orlando, FL 3
    • 3 beds 3 baths ∙ 1,938 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,938 Sqft ∙ Built 1995
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.95
    •  
  • 2877 Autumn Green Dr Orlando, FL 4
    • 3 beds 3 baths ∙ 1,851 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,851 Sqft ∙ Built 1990
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.03
    •  
  • 3951 Ventura Pl Orlando, FL 5
    • 3 beds 2 baths ∙ 2,004 Sqft ∙ Built 1991 3 beds 2 baths ∙ 2,004 Sqft ∙ Built 1991
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.97
    •  
PROPERTY LISTING DETAILS
Cristian Cen Chen
1.407.450.9010
Simpson Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5907238
Last Updated: 11/20/2020
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