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7541 Clementine Way Orlando, FL 32819

3 Beds 2 Baths 1,830 sqft Built 1978

$400,000

List Price

$2,370

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $218.58
  • 3 Days on Market
  • MLS # : O5914216
  • Updated Date : 01/02/2021 at 14:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,830 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Classic

Listing Agent's Description

Golfer's Delight! Your chance to own this three (3) bedroom and two (2) bath **GOLF FRONT** home located on the renowned Orange Tree Golf Country Club. This is in the desirable gated Orange Tree Golf community in Dr. Phillips. Prime location close to"Restaurant Row", Universal Studios and shopping. This split plan home offers the privacy and quiet community that is highly sought after in today's market. Master bathroom has a walk in shower with double vanity sinks as well as a spacious walk in closet. The kitchen offers plenty of space, wood cabinets and appliances. A fireplace is located in the family room. Beautiful open bright views across the home overlooking the golf course from the front and back of home. Large lot with oversized two car garage welcomes you home. Come home and relax in your screened patio. "A" rated schools for those with families. Whether you are looking for a retirement home, raising a family or vacation home this home and location offers what you are looking for. Other amenities close to the house include a day care across Wallace Road, as well as a YMCA and a public library walking distance. Make your appointment TODAY!!

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MARKET HIGHLIGHTS

  • 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.
  • 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)

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
 

$360,000$440,000$400,000

PURCHASE PRICE

$2,133$2,607$2,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,370
EXPENSES Loan Payment -$1,476
Property Tax -$446
Property Insurance -$145
HOA -$58
Property Management Fees -$129
CASH FLOW
$115

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.

$400,000

PROJECTED PRICE

$2,370

PROJECTED RENT

0.59%

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $100,000
Loan Amount $300,000
See What Happens When You Reinvest Cash Flow

7.17

YEARS SAVED

$40,716

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,370

    LIST RENT
  • $1.3

    LIST RENT PER SQFT
  • $2,370

    COMP ESTIMATED VALUE
  • $1.3

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,3503$2,3704$2,6005$2,700
$2,700
RENT COMPS ANALYSIS
  • 7541 Clementine Way Orlando, FL 3
    • 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 1978
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,370
    • $1.30
    •  
  • 7730 Clementine Way Orlando, FL 1
    • 4 beds 2 baths ∙ 1,870 Sqft ∙ Built 1983 4 beds 2 baths ∙ 1,870 Sqft ∙ Built 1983
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.04
    •  
  • 7455 Spring Villas Cir Orlando, FL 2
    • 3 beds 2 baths ∙ 1,761 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,761 Sqft ∙ Built 1986
    property image
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.33
    •  
  • 7618 Persian Ct Orlando, FL 4
    • 3 beds 2 baths ∙ 1,869 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,869 Sqft ∙ Built 1978
    property image
    LEASED 11/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.39
    •  
  • 6339 Coopers Green Ct Orlando, FL 5
    • 3 beds 2 baths ∙ 1,896 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,896 Sqft ∙ Built 1985
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.42
    •  
PROPERTY LISTING DETAILS
Jorge Martinez, Jr
1.407.445.7031
Keller Williams Classic
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5914216
Last Updated: 01/02/2021
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