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7951 Rex Hill Trl Orlando, FL 32818

4 Beds 2 Baths 1,960 sqft Built 2006

$284,000

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $144.90
  • 5 Days on Market
  • MLS # : O5905511
  • Updated Date : 11/14/2020 at 09:37
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,960 sqft
  • Baths : 2 full
Listing Agent

Green House Realty Inc

Listing Agent's Description

Home is where the heart is! And we welcome you to your new home. This beautiful property is conveniently located in the well sought out neighborhood of the Robinson Hill community. Let’s talk about move in ready. This home is currently tenant occupied but rest a-sure the owner has maintained the property and lawn in top notch condition. This gorgeous home features 4 spacious bedrooms, 2 bathrooms and plenty of space to wine, dine and host. The bedrooms are split, the master is located separately from 3 bedrooms. One of the rooms can easily be converted into a playroom, an office or a study room for those who are participating in distant learning for school. The kitchen has gorgeous cabinetry, quartz countertops accompanied by beautiful backsplashes and all stainless steel appliances with an island to top it off. Keep your yard hydrated on the metered timer sprinkler system. Your new home is conveniently located near to SR 429, SR 414, shopping and dining, close to Downtown and minutes away from the attractions. *Room measurements are approximate and should be verified by the buyer. *Security Cameras convey* VIRTUAL TOUR AVAILABLE https://www.zillow.com/view-3d-home/7a14762a-8a8b-4996-8243-b63d36851db9?setAttribution=mls&wl=true

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MARKET HIGHLIGHTS

  • 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.
  • 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.

PRICE & RENT TRENDS

Neighborhood: Robinson Hills

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $105k281k

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

Neighborhood: Robinson Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210501100115012001250130013501400145015001550160016501700Rent in $10031712

* 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
 

$255,600$312,400$284,000

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$1,048
Property Tax -$324
Property Insurance -$153
HOA -$100
Property Management Fees -$139
CASH FLOW
-$223

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.

$284,000

PROJECTED PRICE

$1,540

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 11.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.01%
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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

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$81,010

INVESTMENT

$81,010

Down Payment
$71,000
Rehab Estimate
$5,750
Closing Costs
$4,260

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,048

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,000
Loan Amount $213,000
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$929

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,540

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,602

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5403$1,5504$1,5955$1,695
$1,695
RENT COMPS ANALYSIS
  • 7951 Rex Hill Trl Orlando, FL 2
    • 4 beds 2 baths ∙ 1,960 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,960 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $0.79
    •  
  • 7219 Rafanelli Ct Orlando, FL 1
    • 3 beds 2 baths ∙ 1,890 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,890 Sqft ∙ Built 2009
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.79
    •  
  • 7427 Penrill Ct Orlando, FL 3
    • 4 beds 2 baths ∙ 1,960 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,960 Sqft ∙ Built 2006
    LEASED 10/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.79
    •  
  • 7455 Rex Hill Trl #5 Orlando, FL 4
    • 4 beds 2 baths ∙ 1,968 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,968 Sqft ∙ Built 2005
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.81
    •  
  • 2467 El Marra Dr Ocoee, FL 5
    • 4 beds 2 baths ∙ 1,928 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,928 Sqft ∙ Built 2004
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.88
    •  
PROPERTY LISTING DETAILS
Sabrina Ramesar
1.407.394.5147
Green House Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5905511
Last Updated: 11/14/2020
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