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712 Rosemere Cir Orlando, FL 32835

3 Beds 2 Baths 1,590 sqft Built 1985

$315,000

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $198.11
  • 2 Days on Market
  • MLS # : O5929988
  • Updated Date : 03/14/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,590 sqft
  • Baths : 2 full
Listing Agent

Folio Realty Llc

Listing Agent's Description

Welcome HOME! This well maintained single story, 3 bedroom, 2 bath home is located in established neighborhood of Lake Rose Pointe which offers a community park with fishing dock and pavilion on Lake Rose. The front of the home features a screened porch patio where you may relax & sip your morning coffee or tea. Upon entering the home the formal living room features beautiful tile flooring and window shutters. Moving into the heart of the home, the kitchen is open to the family room/dinette area giving you an open floor plan feel. Three separate sliding glass doors throughout the home offer natural light & access to your backyard featuring an open patio & views of beautiful blooming bougainvilleas. Other features & updates to this home are granite counters in both kitchen & master bath, brand new dishwasher (2021), newer Refrigerator (2020), new A/C compressor (2021), fresh exterior paint (2020) & interior paint (2021), rear gutters added (2020) & Septic Drainfield replaced (2015). The owner's suite includes 2 closets and ensuite bath with a stand-up shower. The wood flooring in the owner's suite also continues in the other 2 bedrooms. Lots of storage in the two car garage with a brand new garage door opener (2021) with the newest technology, a cell phone app feature, to open/close garage door from your phone! Call to schedule your viewing today!

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: Lake Rose Pointe

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $105k380k

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

Neighborhood: Lake Rose Pointe

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10292124

* 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
Frangus Elementary School Primary Regular 619 44 4
Gotha Middle School Middle Regular 1,272 67 3
Olympia High School High Regular 2,990 134 7

Frangus Elementary School

  • Education Level: Primary
  • # of students: 619
  • # of teachers: 44
4
GreatSchools Rating

Gotha Middle School

  • Education Level: Middle
  • # of students: 1,272
  • # of teachers: 67
3
GreatSchools Rating

Olympia High School

  • Education Level: High
  • # of students: 2,990
  • # of teachers: 134
7
GreatSchools Rating
 

$283,500$346,500$315,000

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,094
Property Tax -$359
Property Insurance -$131
HOA -$40
Property Management Fees -$129
CASH FLOW
$37

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.

$315,000

PROJECTED PRICE

$1,790

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 5.6%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,094

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$21,376

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $1,654

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5953$1,6504$1,7255$1,790
$1,790
RENT COMPS ANALYSIS
  • 712 Rosemere Cir Orlando, FL 5
    • 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 1985
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $1.13
    •  
  • 1957 Westpointe Cir Orlando, FL 1
    • 4 beds 2 baths ∙ 1,704 Sqft ∙ Built 1994 4 beds 2 baths ∙ 1,704 Sqft ∙ Built 1994
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.91
    •  
  • 9109 Aliso Ridge Rd Gotha, FL 2
    • 3 beds 2 baths ∙ 1,411 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,411 Sqft ∙ Built 1997
    property image
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.13
    •  
  • 7900 Sweetgum Loop Orlando, FL 3
    • 4 beds 2 baths ∙ 1,673 Sqft ∙ Built 1986 4 beds 2 baths ∙ 1,673 Sqft ∙ Built 1986
    property image
    LEASED 10/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.99
    •  
  • 8138 Lesia Cir Orlando, FL 4
    • 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 1987
    property image
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $1.13
    •  
PROPERTY LISTING DETAILS
Melissa Duffy
1.407.257.1872
Folio Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5929988
Last Updated: 03/14/2021
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