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10921 Dearden Cir Orlando, FL 32817

3 Beds 2 Baths 1,909 sqft Built 1993

$355,000

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $185.96
  • 3 Days on Market
  • MLS # : O5909632
  • Updated Date : 12/05/2020 at 13:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,909 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

Welcome Home! This well kept and lovely 3/2 pool home is located in the neighborhood of Oxford Park. This home is ready to move into and just needs a new owner. The property was replumbed in 2015. Roof and gutters were done in August 2020. New roof includes a 10-year transferable warranty. The house has hardwood flooring throughout the main traffic areas along with carpet in the master bedroom. Kitchen features a huge wrap around breakfast bar, granite countertops and stainless appliances. Washer and dryer will convey as well. Walk into the Master bath to find a new vanity with granite countertops and dual sinks. Separate tub and shower. French Doors in the Master and Family room that will lead you into a breathtaking oasis of a pool and lanai area perfect for entertaining. Please call or text for a private showing!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$319,500$390,500$355,000

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,310
Property Tax -$404
Property Insurance -$150
HOA -$25
Property Management Fees -$129
CASH FLOW
-$168

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.

$355,000

PROJECTED PRICE

$1,850

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$1.0M

PROJECTED ANNUAL CASH FLOW

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

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$99,825

INVESTMENT

$99,825

Down Payment
$88,750
Rehab Estimate
$5,750
Closing Costs
$5,325

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,310

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $88,750
Loan Amount $266,250
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$9,597

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,850

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,847

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8003$1,8324$1,8505$1,949
$1,949
RENT COMPS ANALYSIS
  • 10921 Dearden Cir Orlando, FL 4
    • 3 beds 2 baths ∙ 1,909 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,909 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.97
    •  
  • 10952 Dearden Cir Orlando, FL 1
    • 3 beds 2 baths ∙ 1,894 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,894 Sqft ∙ Built 1994
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.95
    •  
  • 10821 Oak Glen Cir Orlando, FL 2
    • 3 beds 2 baths ∙ 1,888 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,888 Sqft ∙ Built 1994
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.95
    •  
  • 10967 Dearden Cir Orlando, FL 3
    • 3 beds 2 baths ∙ 1,889 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,889 Sqft ∙ Built 1994
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,832
    • $0.97
    •  
  • 4315 Suntree Blvd Orlando, FL 5
    • 3 beds 2 baths ∙ 1,948 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,948 Sqft ∙ Built 1991
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,949
    • $1.00
    •  
PROPERTY LISTING DETAILS
Eduardo Torres
1.321.377.8452
Exp Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5909632
Last Updated: 12/05/2020
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