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7218 Green Pine Ct Orlando, FL 32819

4 Beds 3 Baths 2,496 sqft Built 1987

$485,000

List Price

$2,590

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $194.31
  • 2 Days on Market
  • MLS # : O5914904
  • Updated Date : 01/09/2021 at 15:52
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,496 sqft
  • Baths : 3 full
Listing Agent

Orange Tree Realty

Listing Agent's Description

ORANGE TREE FULLY RENOVATED! 4 bedrooms, 3 full bathrooms, plus large office/bonus room, plus spacious pantry/utility combo room. Fully remodeled in Dec 2020, this 2500 sf home is in the GUARD GATED GOLF COMMUNITY of ORANGE TREE, in the heart of Dr. Phillips. Located by the community recreation center. There is a long list of renovations. New plank tile flooring throughout the interior, new tile on the exterior screened patio and front entry porch, newly painted exterior and interior, 3 completely new bathrooms with high end furnishing, fixtures, glass and textured tile design work. Master bathroom has a custom frameless glass panel, oversized walk-in shower, a large modern chrome rain shower plus a handheld shower head. New kitchen quartz island counter and glass brick tile backsplash, new stainless steel appliances, sink and disposal. Popcorn ceilings have all been removed, new closet doors/fixtures, baseboards, lighting, outlets and switches all replaced. The floorplan comprises of a formal living and dining room, office, kitchen, 17 ft utility/pantry/mud room, family room, 4 bedrooms, 3 full bathrooms, screened in patio and a 1 car garage. New outside brick paver patio. Front and rear of the property has new sod and mulch. New water heater Dec 2020. A/C is 2016. Orange Tree has extensive recreational facilities, waterfront with lake access, fitness center, heated community pool, basketball, tennis, playground, very close to famed ‘Restaurant Row’, medical facilities, Universal Orlando and theme parks, within an A Rated School zone, YMCA, Shopping Outlets and within easy reach of downtown. Orange Tree Golf Club is a private club and has optional memberships for sale. Schedule your private showing today.

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: Orange Tree

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $105k470k

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

Neighborhood: Orange Tree

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10292637

* 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
 

$436,500$533,500$485,000

PURCHASE PRICE

$2,331$2,849$2,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,590
EXPENSES Loan Payment -$1,685
Property Tax -$541
Property Insurance -$185
HOA -$154
Property Management Fees -$129
CASH FLOW
-$104

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.

$485,000

PROJECTED PRICE

$2,590

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 4.6%
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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$134,275

INVESTMENT

$134,275

Down Payment
$121,250
Rehab Estimate
$5,750
Closing Costs
$7,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,685

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $121,250
Loan Amount $363,750
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$18,783

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,590

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $2,802

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,3502$2,5003$2,5904$2,5955$3,000
$3,000
RENT COMPS ANALYSIS
  • 7218 Green Pine Ct Orlando, FL 3
    • 4 beds 3 baths ∙ 2,496 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,496 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $2,590
    • $1.04
    •  
  • 5443 Spring Run Ave #2 Orlando, FL 1
    • 4 beds 3 baths ∙ 2,148 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,148 Sqft ∙ Built 1983
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.09
    •  
  • 6709 Bittersweet Ln Orlando, FL 2
    • 3 beds 3 baths ∙ 2,312 Sqft ∙ Built 1979 3 beds 3 baths ∙ 2,312 Sqft ∙ Built 1979
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.08
    •  
  • 7242 Woodville Cres Orlando, FL 4
    • 4 beds 2 baths ∙ 2,474 Sqft ∙ Built 1986 4 beds 2 baths ∙ 2,474 Sqft ∙ Built 1986
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $1.05
    •  
  • 7323 Pinemount Dr Orlando, FL 5
    • 4 beds 3 baths ∙ 2,353 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,353 Sqft ∙ Built 1985
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.27
    •  
PROPERTY LISTING DETAILS
Susan Wilkinson
1.407.790.5331
Orange Tree Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5914904
Last Updated: 01/09/2021
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