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1011 Royal Marquis Cir Ocoee, FL 34761

4 Beds 2 Baths 2,217 sqft Built 2003

$400,000

List Price

$1,920

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $180.42
  • 103 Days on Market
  • MLS # : O5933608
  • Updated Date : 07/12/2021 at 22:18
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,217 sqft
  • Baths : 2 full
Listing Agent

Offerpad Brokerage

Listing Agent's Description

Back on Market, fell through because finances! Immaculate and meticulous home! Upon entering the home you will find a complete open floor plan, formal living room, and dining room. Upgrades include all wood floors throughout except 3 bedrooms and tile in the wet area, solid wood kitchen cabinets, stainless steel appliances. Your island bar with optional seating overlooks the family room/dining. The open space is ideal for a big family. The amount of natural light pouring from all sides of the house is amazing, perfect for those who prefer a natural atmosphere. In the rest of the house, you will find the owner's suite and three additional bedrooms. The owner’s suite, located towards one side of the house, master has plenty of space with a shower, garden tub, dual vanity sink, solid wood cabinets, and tile floor, also features a large his and hers walk-in closet as well. Next, you will find the remaining three bedrooms and a second bath. Finally the backyard, a nice patio space around the back of the home with a fenced backyard giving you a deeper sense of Privacy. All these amazing features and its proximity to lots of shopping and restaurants, school, churches. This is a perfect location for you and your family to call home! The Solar is NEW 2019, New A/C 2018, New Roof in Jan 2019.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Reserve

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $109k287k

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

Neighborhood: Reserve

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9361932

* 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
Citrus Elementary School Primary Regular 654 40 5
Ocoee Middle School Middle Regular 1,375 73 3
Ocoee High School High Regular 2,243 106 4

Citrus Elementary School

  • Education Level: Primary
  • # of students: 654
  • # of teachers: 40
5
GreatSchools Rating

Ocoee Middle School

  • Education Level: Middle
  • # of students: 1,375
  • # of teachers: 73
3
GreatSchools Rating

Ocoee High School

  • Education Level: High
  • # of students: 2,243
  • # of teachers: 106
4
GreatSchools Rating
 

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

PURCHASE PRICE

$1,728$2,112$1,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$1,389
Property Tax -$505
Property Insurance -$169
HOA -$43
Property Management Fees -$129
CASH FLOW
-$316

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

$1,920

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 7.7%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

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

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $100,000
Loan Amount $300,000
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$2,464

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,920

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,907

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8003$1,8504$1,9205$2,150
$2,150
RENT COMPS ANALYSIS
  • 1011 Royal Marquis Cir Ocoee, FL 4
    • 4 beds 2 baths ∙ 2,217 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,217 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,920
    • $0.87
    •  
  • 1948 Lochshyre Loop Ocoee, FL 1
    • 3 beds 3 baths ∙ 2,150 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,150 Sqft ∙ Built 2001
    LEASED 01/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.83
    •  
  • 1988 Saint James Ct Ocoee, FL 2
    • 4 beds 2 baths ∙ 2,042 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,042 Sqft ∙ Built 2000
    LEASED 12/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.88
    •  
  • 1071 Royal Marquis Cir Ocoee, FL 3
    • 4 beds 3 baths ∙ 2,224 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,224 Sqft ∙ Built 2003
    LEASED 01/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.83
    •  
  • 1816 Sparkling Water Cir Ocoee, FL 5
    • 4 beds 2 baths ∙ 2,379 Sqft ∙ Built 1995 4 beds 2 baths ∙ 2,379 Sqft ∙ Built 1995
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.90
    •  
PROPERTY LISTING DETAILS
Sibelys Alvarez
1.407.247.8196
Offerpad Brokerage
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5933608
Last Updated: 07/12/2021
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