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10921 Piping Rock Cir Orlando, FL 32817

4 Beds 2 Baths 2,453 sqft Built 1997

$404,800

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 31, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $165.02
  • 2 Days on Market
  • MLS # : O5920408
  • Updated Date : 01/31/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,453 sqft
  • Baths : 2 full
Listing Agent

Radius Realty Group Llc

Listing Agent's Description

This immaculate, move-in ready home in the River Oaks Landing gated community is a must-see. ALMOST EVERY IMAGINABLE UPGRADE! (see attached upgrades and features summary). Entertainment ready backyard equipped with screened porch, fire pit and deck, outdoor lighting, rock and slate landscaping and solar heated, saltwater pool built in 2017. Large bonus room allows for additional space to relax alone or enjoy family time together. Kitchen, master bathroom and guest bathroom have been fully remodeled. Crown molding and 10 foot ceilings throughout the home. Carpet replaced in master bedroom in 2020. Double pane windows installed in 2020/21. Nearly all appliances replaced within last 3 years. If you are interested in a little "garage-time" there is a wall-length work bench and peg board setup that any handyman would appreciate. Cabinets and shelving throughout the garage for organization. Attic space flooring added to create additional storage space. LOCATION, LOCATION, LOCATION - this home is within a mile to Blanchard Park offering riverfront walking and biking trails, park facilities, and YMCA. Only minutes from 3 major Expressways SR-408, SR-528 and SR-417 makes accessing all of Central Florida, the theme parks or the Atlantic beaches a breeze. Only 20 minutes away from the Orlando International Airport.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: River Oak Landing

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $105k425k

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

Neighborhood: River Oak Landing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900200021002200Rent in $9822214

* 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
Riverdale Elementary School Primary Regular 674 45 3
Union Park Middle School Middle Regular 873 52 3
University High School High Magnet 3,111 141 5

Riverdale Elementary School

  • Education Level: Primary
  • # of students: 674
  • # of teachers: 45
3
GreatSchools Rating

Union Park Middle School

  • Education Level: Middle
  • # of students: 873
  • # of teachers: 52
3
GreatSchools Rating

University High School

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

$364,320$445,280$404,800

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,406
Property Tax -$460
Property Insurance -$183
HOA -$58
Property Management Fees -$129
CASH FLOW
-$136

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.

$404,800

PROJECTED PRICE

$2,100

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 8.3%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$113,022

INVESTMENT

$113,022

Down Payment
$101,200
Rehab Estimate
$5,750
Closing Costs
$6,072

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,406

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $101,200
Loan Amount $303,600
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$10,713

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,306

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$2,1003$2,4004$2,4005$2,400
$2,400
RENT COMPS ANALYSIS
  • 10921 Piping Rock Cir Orlando, FL 2
    • 4 beds 2 baths ∙ 2,453 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,453 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.86
    •  
  • 3101 Rider Pl Orlando, FL 1
    • 4 beds 3 baths ∙ 2,143 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,143 Sqft ∙ Built 1987
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.84
    •  
  • 10831 Piping Rock Cir Orlando, FL 3
    • 4 beds 3 baths ∙ 2,511 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,511 Sqft ∙ Built 1998
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.96
    •  
  • 2868 University Acres Dr Orlando, FL 4
    • 4 beds 3 baths ∙ 2,490 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,490 Sqft ∙ Built 1999
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.96
    •  
  • 2600 University Acres Dr Orlando, FL 5
    • 4 beds 3 baths ∙ 2,409 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,409 Sqft ∙ Built 1997
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.00
    •  
PROPERTY LISTING DETAILS
Chris Degueldre
1.352.262.1878
Radius Realty Group Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5920408
Last Updated: 01/31/2021
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