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10770 Woodchase Cir Orlando, FL 32836

3 Beds 2 Baths 1,882 sqft Built 1998

$425,000

List Price

$2,370

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $225.82
  • 4 Days on Market
  • MLS # : O5926171
  • Updated Date : 02/26/2021 at 16:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,882 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

**Click the tour link to view the Virtual Interactive 3D Tour** Now Available in the Gated Community of Avalon at Turtle Creek. This Charming 3/2 Home has been Meticulously Maintained by the Same Owner for the Past 15yrs. This single story home provides a Split Floor Plan, Remodeled Kitchen, owner's suite with Huge Walk-in Closet, Private Lanai, Rear Brick Courtyard, New Irrigation/landscaping and more! Community features include: 24hr Guarded Gate, Community Pool (2 doors down from this home), Park, and Tennis Courts. This is an ideal location in the Dr Phillips area, just minutes to the Theme Parks/Attractions, Eateries of Restaurant Row on Sand Lake, and Convenient to I-4, the Turnpike, and major highways. Don't miss your opportunity to own this one of a kind home. Schedule your private showing today.

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: Avalon at Turtle Creek

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $105k510k

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

Neighborhood: Avalon at Turtle Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10292634

* 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
Sand Lake Elementary School Primary Regular 559 40 7
Southwest Middle School Middle Regular 1,244 71 5
Dr. Phillips High School High Magnet 3,491 174 6

Sand Lake Elementary School

  • Education Level: Primary
  • # of students: 559
  • # of teachers: 40
7
GreatSchools Rating

Southwest Middle School

  • Education Level: Middle
  • # of students: 1,244
  • # of teachers: 71
5
GreatSchools Rating

Dr. Phillips High School

  • Education Level: High
  • # of students: 3,491
  • # of teachers: 174
6
GreatSchools Rating
 

$382,500$467,500$425,000

PURCHASE PRICE

$2,133$2,607$2,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,370
EXPENSES Loan Payment -$1,476
Property Tax -$474
Property Insurance -$149
HOA -$129
Property Management Fees -$129
CASH FLOW
$13

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.

$425,000

PROJECTED PRICE

$2,370

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 2.5%
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$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$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$24,937

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,370

    LIST RENT
  • $1.26

    LIST RENT PER SQFT
  • $2,145

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,1753$2,2754$2,3705$2,600
$2,600
RENT COMPS ANALYSIS
  • 10770 Woodchase Cir Orlando, FL 4
    • 3 beds 2 baths ∙ 1,882 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,882 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $2,370
    • $1.26
    •  
  • 7620 Pointview Cir Orlando, FL 1
    • 4 beds 2 baths ∙ 1,986 Sqft ∙ Built 1988 4 beds 2 baths ∙ 1,986 Sqft ∙ Built 1988
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.01
    •  
  • 10842 Woodchase Cir Orlando, FL 2
    • 3 beds 2 baths ∙ 1,847 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,847 Sqft ∙ Built 1997
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $1.18
    •  
  • 10218 Facet Ct Orlando, FL 3
    • 3 beds 3 baths ∙ 1,889 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,889 Sqft ∙ Built 1995
    LEASED 02/23/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,275
    • $1.20
    •  
  • 10141 Carrington Ct Orlando, FL 5
    • 4 beds 3 baths ∙ 2,228 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,228 Sqft ∙ Built 1995
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.17
    •  
PROPERTY LISTING DETAILS
Mike Long
1.407.325.4104
Coldwell Banker Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5926171
Last Updated: 02/26/2021
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