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10749 Oak Glen Cir Orlando, FL 32817

3 Beds 2 Baths 1,618 sqft Built 1994

$289,900

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $179.17
  • 6 Days on Market
  • MLS # : O5923831
  • Updated Date : 02/20/2021 at 10:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,618 sqft
  • Baths : 2 full
Listing Agent

Re/max Properties Sw

Listing Agent's Description

Pristine and totally move-in ready! Spacious 3 bed, 2 bath, 1618 heated sq ft with a large 2-car garage. Open floor plan with tons of lovely natural light. NEW ROOF, 2019, TOTAL RE-PLUMB 2020. Well-maintained and ready for a new owner. Laminate flooring in Living Room, Family Room and Master! Freshly cleaned carpeting in bedroom 2 and 3. Large, lushly-landscaped and fully-fenced private lot with wonderful trees and shrubs. Nice sized 2-car garage too! This home has been extremely well-maintained and is truly turn-key! With a new roof and newer HVAC, newer appliances, plus the total replumb, move right in and live your life! Neighbor is tucked away in a nice, quiet area, with beautiful tree-lined streets, conveniently located just off University Blvd, close to UCF but far enough away! Easy access to 417, 408, Waterford Lakes Shopping Center, local area shopping restaurants and professional services. Come see this beautifully maintained, move-in ready home today! You will not be disappointed.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Wood Glen Straw Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $105k270k

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

Neighborhood: Wood Glen Straw Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7611720

* 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
Corner Lake Middle School Middle Regular 1,220 68 3
University High School High Magnet 3,111 141 5

Corner Lake Middle School

  • Education Level: Middle
  • # of students: 1,220
  • # of teachers: 68
3
GreatSchools Rating

University High School

  • Education Level: High
  • # of students: 3,111
  • # of teachers: 141
5
GreatSchools Rating
 

$260,910$318,890$289,900

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$1,007
Property Tax -$330
Property Insurance -$133
HOA -$25
Property Management Fees -$129
CASH FLOW
-$103

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.

$289,900

PROJECTED PRICE

$1,520

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 7.0%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,574

INVESTMENT

$82,574

Down Payment
$72,475
Rehab Estimate
$5,750
Closing Costs
$4,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,475
Loan Amount $217,425
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$7,801

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,520

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,675

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,520
1$1,5202$1,5753$1,6254$1,8005$1,950
$1,950
RENT COMPS ANALYSIS
  • 10749 Oak Glen Cir Orlando, FL 1
    • 3 beds 2 baths ∙ 1,618 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,618 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $0.94
    •  
  • 3540 Cirque Cir Orlando, FL 2
    • 3 beds 2 baths ∙ 1,607 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,607 Sqft ∙ Built 1988
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.98
    •  
  • 10412 Cresto Delsol Cir Orlando, FL 3
    • 3 beds 2 baths ∙ 1,582 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,582 Sqft ∙ Built 1990
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $1.03
    •  
  • 10502 Sun Villa Blvd Orlando, FL 4
    • 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 1996
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.03
    •  
  • 10715 Cherry Oak Cir Orlando, FL 5
    • 3 beds 3 baths ∙ 1,771 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,771 Sqft ∙ Built 1995
    LEASED 02/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.10
    •  
PROPERTY LISTING DETAILS
Gail Higley
1.407.222.6633
Re/max Properties Sw
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5923831
Last Updated: 02/20/2021
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