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1080 Hamlet Dr Maitland, FL 32751

3 Beds 2 Baths 1,150 sqft Built 1994

$220,000

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

January 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $191.30
  • 2 Days on Market
  • MLS # : O5915836
  • Updated Date : 01/10/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,150 sqft
  • Baths : 2 full
Listing Agent

La Rosa Realty Cw Properties L

Listing Agent's Description

Wait! Wait Wai! Stop the car!!! Beautiful 3 bed 2 bath, 1 car garage, FULLY UPDATED. NEW ROOF to be install (permitted) new AC, new kitchen cabinets and granite, new carper, new flooring, and the interior completely painted. Nice community with a playground. Very close to Winter Park, the sun rail, I-4, 17-92, Downtown Orlando. This property will not last. Hurry up and submit your offer.

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: Hamlet at Maitland

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240k260k280k300k320kPrice in $54k331k

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

Neighborhood: Hamlet at Maitland

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280010001200140016001800200022002400Rent in $7102428

* 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
Dommerich Elementary School Primary Regular 603 40 8
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Dommerich Elementary School

  • Education Level: Primary
  • # of students: 603
  • # of teachers: 40
8
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
 

$198,000$242,000$220,000

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$764
Property Tax -$236
Property Insurance -$105
HOA -$19
Property Management Fees -$129
CASH FLOW
$147

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.

$220,000

PROJECTED PRICE

$1,400

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 5.2%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,050

INVESTMENT

$64,050

Down Payment
$55,000
Rehab Estimate
$5,750
Closing Costs
$3,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$764

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $55,000
Loan Amount $165,000
See What Happens When You Reinvest Cash Flow

9.08

YEARS SAVED

$26,823

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,400

    LIST RENT
  • $1.22

    LIST RENT PER SQFT
  • $1,400

    COMP ESTIMATED VALUE
  • $1.22

    COMP AVG. RENT PER SQFT
Comps Range
$1,299
1$1,2992$1,3953$1,4004$1,4255$1,449
$1,449
RENT COMPS ANALYSIS
  • 1080 Hamlet Dr Maitland, FL 3
    • 3 beds 2 baths ∙ 1,150 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,150 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.22
    •  
  • 168 Oak Grove Ct Winter Park, FL 1
    • 3 beds 2 baths ∙ 1,134 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,134 Sqft ∙ Built 1994
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $1.15
    •  
  • 1004 Hamlet Dr Maitland, FL 2
    • 3 beds 2 baths ∙ 1,146 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,146 Sqft ∙ Built 1993
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.22
    •  
  • 1016 Hamlet Dr Maitland, FL 4
    • 3 beds 2 baths ∙ 1,146 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,146 Sqft ∙ Built 1994
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $1.24
    •  
  • 1048 Hamlet Dr Maitland, FL 5
    • 3 beds 2 baths ∙ 1,150 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,150 Sqft ∙ Built 1994
    LEASED 11/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,449
    • $1.26
    •  
PROPERTY LISTING DETAILS
Cesar Osorio Escobar
1.407.668.3510
La Rosa Realty Cw Properties L
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5915836
Last Updated: 01/10/2021
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