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7528 Govern Blvd Orlando, FL 32822

3 Beds 3 Baths 1,401 sqft Built 1980

$225,000

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 1980
  • Price/Sqft : $160.60
  • 3 Days on Market
  • MLS # : O5903077
  • Updated Date : 11/02/2020 at 15:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,401 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Welcome HOME to this adorable 3 bedroom 2 and a half bathroom house! This beautiful home offers an open concept floor plan fully tiled throughout the main living areas with a tiled wood burning fireplace, completely UPDATED kitchen with stainless steel appliances, granite countertops and recessed lighting. A Large family room to accommodates all your friends and family for fun filled gatherings. The family room also offers ample natural lighting through a sky light and large windows. Fully fenced in Spacious backyard with screened in lanai, features citrus and avocado trees and plenty of space for a future pool!! This amazing home won't last long so be sure to view it before it's gone!

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: South Pine Run

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $69k253k

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

Neighborhood: South Pine Run

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8331712

* 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
 

$202,500$247,500$225,000

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$830
Property Tax -$273
Property Insurance -$120
Property Management Fees -$137
CASH FLOW
$160

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.

$225,000

PROJECTED PRICE

$1,520

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 10.3%
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$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$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$830

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$25,082

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,520

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $1,604

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4503$1,5004$1,5205$1,595
$1,595
RENT COMPS ANALYSIS
  • 7528 Govern Blvd Orlando, FL 4
    • 3 beds 3 baths ∙ 1,401 Sqft ∙ Built 1980 3 beds 3 baths ∙ 1,401 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $1.08
    •  
  • 7643 Coot St Orlando, FL 1
    • 3 beds 3 baths ∙ 1,269 Sqft ∙ Built 1974 3 beds 3 baths ∙ 1,269 Sqft ∙ Built 1974
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.14
    •  
  • 3049 Jon Jon Ct Orlando, FL 2
    • 3 beds 2 baths ∙ 1,213 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,213 Sqft ∙ Built 2000
    LEASED 11/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.20
    •  
  • 7735 Tern Dr #2 Orlando, FL 3
    • 4 beds 2 baths ∙ 1,260 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,260 Sqft ∙ Built 1979
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.19
    •  
  • 2724 Curry Woods Dr Orlando, FL 5
    • 3 beds 2 baths ∙ 1,523 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,523 Sqft ∙ Built 1986
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.05
    •  
PROPERTY LISTING DETAILS
Anelis Rodriguez
1.407.729.8158
Coldwell Banker Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5903077
Last Updated: 11/02/2020
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