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7747 Rollingridge Ct Orlando, FL 32835

4 Beds 2 Baths 2,036 sqft Built 1989

$330,000

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $162.08
  • 3 Days on Market
  • MLS # : O5911265
  • Updated Date : 12/12/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,036 sqft
  • Baths : 2 full
Listing Agent

Cfl Real Estate Llc

Listing Agent's Description

Welcome to a beautiful move in ready home featuring a gorgeous fire place, wooden floors, porcelain designer tiles, granite counters and high ceilings. Home has a spacious layout with generous sized rooms, which can either be used as 4 bedrooms OR 3 bedrooms, 1 home-office. The spacious backyard is completely fenced. Beautiful, serene, well-kept neighborhood lined with a canopy of oak trees. Close to great shopping, some of Orlando's highest-rated schools, and the many area attractions. A short twenty minute drive from Disney and only ten minutes from Universal.

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: Ridgemoore

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $105k419k

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

Neighborhood: Ridgemoore

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10292319

* 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
 

$297,000$363,000$330,000

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,218
Property Tax -$375
Property Insurance -$158
HOA -$29
Property Management Fees -$129
CASH FLOW
$92

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.

$330,000

PROJECTED PRICE

$2,000

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 5.6%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,218

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

7.08

YEARS SAVED

$32,936

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,949

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8003$2,0004$2,1255$2,200
$2,200
RENT COMPS ANALYSIS
  • 7747 Rollingridge Ct Orlando, FL 3
    • 4 beds 2 baths ∙ 2,036 Sqft ∙ Built 1989 4 beds 2 baths ∙ 2,036 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.98
    •  
  • 7718 Rollingridge Ct Orlando, FL 1
    • 3 beds 2 baths ∙ 1,953 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,953 Sqft ∙ Built 1990
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.92
    •  
  • 1331 Pleasantridge Pl Orlando, FL 2
    • 3 beds 2 baths ∙ 2,093 Sqft ∙ Built 1993 3 beds 2 baths ∙ 2,093 Sqft ∙ Built 1993
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.86
    •  
  • 7812 Bridgestone Dr Orlando, FL 4
    • 3 beds 3 baths ∙ 2,175 Sqft ∙ Built 1989 3 beds 3 baths ∙ 2,175 Sqft ∙ Built 1989
    LEASED 04/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,125
    • $0.98
    •  
  • 7900 Bridgestone Dr Orlando, FL 5
    • 3 beds 2 baths ∙ 2,050 Sqft ∙ Built 1996 3 beds 2 baths ∙ 2,050 Sqft ∙ Built 1996
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.07
    •  
PROPERTY LISTING DETAILS
Anna Snyder
1.407.924.2107
Cfl Real Estate Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5911265
Last Updated: 12/12/2020
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