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7215 Jonquil Dr Orlando, FL 32818

5 Beds 2 Baths 2,241 sqft Built 1973

$260,000

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1973
  • Price/Sqft : $116.02
  • 5 Days on Market
  • MLS # : O5902762
  • Updated Date : 10/31/2020 at 14:16
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,241 sqft
  • Baths : 2 full
Listing Agent

Real Estate 360 Inc

Listing Agent's Description

Need a Home with a thriving home based business? You just hit the jackpot! Home MUST be purchased as a package deal with the existing group home business...Asking price of the group home business is $190K (+/-). Seller is willing to finance the group home business by offering flexible terms & conditions...This is an existing "Cash Flow" business. Pool Home with 5-Bedrooms or 4-Bedrooms with Office. Large Living & Family Rooms including large Florida Room. Great home with good potential and opportunities for the right person. A definite winner...Call for details!

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: Laurel Hills

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $64k253k

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

Neighborhood: Laurel Hills

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
 

$234,000$286,000$260,000

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 -$959
Property Tax -$308
Property Insurance -$170
Property Management Fees -$154
CASH FLOW
$119

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.

$260,000

PROJECTED PRICE

$1,710

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 7.4%
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-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,650

INVESTMENT

$74,650

Down Payment
$65,000
Rehab Estimate
$5,750
Closing Costs
$3,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$959

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $65,000
Loan Amount $195,000
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$21,582

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
  • $0.76

    LIST RENT PER SQFT
  • $1,832

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,710
1$1,7102$1,7703$1,7954$1,8005$1,875
$1,875
RENT COMPS ANALYSIS
  • 7215 Jonquil Dr Orlando, FL 1
    • 5 beds 2 baths ∙ 2,241 Sqft ∙ Built 1973 5 beds 2 baths ∙ 2,241 Sqft ∙ Built 1973
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.76
    •  
  • 8555 White Rose Dr Orlando, FL 2
    • 4 beds 2 baths ∙ 2,200 Sqft ∙ Built 1989 4 beds 2 baths ∙ 2,200 Sqft ∙ Built 1989
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.80
    •  
  • 9161 Pristine Cir Orlando, FL 3
    • 4 beds 2 baths ∙ 2,131 Sqft ∙ Built 1987 4 beds 2 baths ∙ 2,131 Sqft ∙ Built 1987
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.84
    •  
  • 1127 Byerly Way Orlando, FL 4
    • 4 beds 3 baths ∙ 2,121 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,121 Sqft ∙ Built 1989
    property image
    LEASED 11/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.85
    •  
  • 1788 N Hiawassee Rd Orlando, FL 5
    • 4 beds 3 baths ∙ 2,403 Sqft ∙ Built 1971 4 beds 3 baths ∙ 2,403 Sqft ∙ Built 1971
    property image
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.78
    •  
PROPERTY LISTING DETAILS
Aubrey Hamid
1.321.228.6880
Real Estate 360 Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5902762
Last Updated: 10/31/2020
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