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7723 Trent St Orlando, FL 32807

4 Beds 2 Baths 1,329 sqft Built 1971

$259,000

List Price

$1,270

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $194.88
  • 4 Days on Market
  • MLS # : O5923263
  • Updated Date : 02/12/2021 at 10:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,329 sqft
  • Baths : 2 full
Listing Agent

La Rosa Realty, Llc

Listing Agent's Description

Beautiful and cozy NO HOA home with new roof (1 year old), with tile throughout, renovated bathroom and a fenced oversized corner lot. Perfectly located near Downtown Orlando. This property features stainless steel appliances, gas stove and water heater. The 2 sheds are perfect for storage and the back porch is perfect for you and your family to enjoy the amazing Florida weather and fresh fruits from your backyard trees. Schedule a tour today!

SEE MORE

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: Ivanhoe Estates

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $61k253k

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

Neighborhood: Ivanhoe Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8091712

* 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
Cheney Elementary School Primary Regular 509 33 8
Glenridge Middle School Middle Regular 1,415 77 6
Winter Park High School High Magnet 3,069 164 7

Cheney Elementary School

  • Education Level: Primary
  • # of students: 509
  • # of teachers: 33
8
GreatSchools Rating

Glenridge Middle School

  • Education Level: Middle
  • # of students: 1,415
  • # of teachers: 77
6
GreatSchools Rating

Winter Park High School

  • Education Level: High
  • # of students: 3,069
  • # of teachers: 164
7
GreatSchools Rating
 

$233,100$284,900$259,000

PURCHASE PRICE

$1,143$1,397$1,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,270
EXPENSES Loan Payment -$900
Property Tax -$295
Property Insurance -$109
Property Management Fees -$129
CASH FLOW
-$162

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.

$259,000

PROJECTED PRICE

$1,270

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 13.7%
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$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

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$74,385

INVESTMENT

$74,385

Down Payment
$64,750
Rehab Estimate
$5,750
Closing Costs
$3,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$900

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $64,750
Loan Amount $194,250
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$3,568

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,270

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,158

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$950
1$9502$1,2703$1,3754$1,4005$1,400
$1,400
RENT COMPS ANALYSIS
  • 7723 Trent St Orlando, FL 2
    • 3 beds 1 baths ∙ 1,225 Sqft ∙ Built 1971 3 beds 1 baths ∙ 1,225 Sqft ∙ Built 1971
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,270
    • $1.04
    •  
  • 7737 Lady Frances Way Orlando, FL 1
    • 3 beds 1 baths ∙ 1,071 Sqft ∙ Built 1971 3 beds 1 baths ∙ 1,071 Sqft ∙ Built 1971
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $950
    • $0.89
    •  
  • 8101 Alveron Ave Orlando, FL 3
    • 3 beds 2 baths ∙ 1,372 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,372 Sqft ∙ Built 1971
    property image
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $1.00
    •  
  • 8019 Tompkins Sq Orlando, FL 4
    • 4 beds 2 baths ∙ 1,480 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,480 Sqft ∙ Built 1970
    property image
    LEASED 09/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.95
    •  
  • 7728 Lady Frances Way Orlando, FL 5
    • 3 beds 2 baths ∙ 1,482 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,482 Sqft ∙ Built 1971
    property image
    LEASED 11/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.94
    •  
PROPERTY LISTING DETAILS
Maria Gonzalez
1.321.231.5503
La Rosa Realty, Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5923263
Last Updated: 02/12/2021
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