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10764 Oak Glen Cir Orlando, FL 32817

4 Beds 3 Baths 2,212 sqft Built 1991

$350,000

List Price

$2,010

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $158.23
  • 2 Days on Market
  • MLS # : O5915669
  • Updated Date : 01/09/2021 at 14:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,212 sqft
  • Baths : 3 full
Listing Agent

Watson Realty Corp

Listing Agent's Description

New on the Market! This 4/3 + Office/Den/Library has it all! Great "Open Concept" w/Family Room opening to Kitchen and Breakfast Nook. Family Room leads out to large Screened Lanai and Fenced Backyard. Split Floorplan, Tile throughout, Newer Stainless Kitchen Appliances, Granite Countertops. Newer Blackout Shades in all Bedrooms. Wood-look Tile in all Bedrooms, Office, and Formal Dining Room. Master Suite features Garden Tub & Separate Shower, large Walk In Closet. Inside Laundry with Utility Sink. Ceiling Fans throughout. Lawn Irrigation. Floor Plan & Disclosures attached. Low annual HOA fees. Conveniently located off University close to 417, UCF, Restaurants, Waterford Lakes Shopping, and more.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

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
Arbor Ridge School Primary Magnet 764 56 8
Arbor Ridge School Middle Magnet 764 56 8
Cornerstone Charter Academy High School High Charter 372 21 7

Arbor Ridge School

  • Education Level: Primary
  • # of students: 764
  • # of teachers: 56
8
GreatSchools Rating

Arbor Ridge School

  • Education Level: Middle
  • # of students: 764
  • # of teachers: 56
8
GreatSchools Rating

Cornerstone Charter Academy High School

  • Education Level: High
  • # of students: 372
  • # of teachers: 21
7
GreatSchools Rating
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,809$2,211$2,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,010
EXPENSES Loan Payment -$1,216
Property Tax -$398
Property Insurance -$168
HOA -$25
Property Management Fees -$129
CASH FLOW
$74

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.

$350,000

PROJECTED PRICE

$2,010

PROJECTED RENT

0.57%

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$1.0M$1.2M

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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

6

YEARS SAVED

$23,660

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,010

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $2,007

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8353$2,0004$2,0105$2,200
$2,200
RENT COMPS ANALYSIS
  • 10764 Oak Glen Cir Orlando, FL 4
    • 4 beds 3 baths ∙ 2,212 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,212 Sqft ∙ Built 1991
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,010
    • $0.91
    •  
  • 3101 Rider Pl Orlando, FL 1
    • 4 beds 3 baths ∙ 2,143 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,143 Sqft ∙ Built 1987
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.84
    •  
  • 3144 Buck Hill Pl Orlando, FL 2
    • 4 beds 2 baths ∙ 2,111 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,111 Sqft ∙ Built 2001
    property image
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,835
    • $0.87
    •  
  • 3405 Spotted Fawn Dr Orlando, FL 3
    • 4 beds 3 baths ∙ 2,067 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,067 Sqft ∙ Built 1988
    property image
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.97
    •  
  • 4032 Bolinas Ct Orlando, FL 5
    • 4 beds 3 baths ∙ 2,319 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,319 Sqft ∙ Built 2000
    property image
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.95
    •  
PROPERTY LISTING DETAILS
Vicki Bray-fagan, Pa
1.407.547.8454
Watson Realty Corp
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5915669
Last Updated: 01/09/2021
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