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11014 Orangeshire Ct Ocoee, FL 34761

3 Beds 2 Baths 1,804 sqft Built 1994

$325,000

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $180.16
  • 3 Days on Market
  • MLS # : O5904680
  • Updated Date : 11/14/2020 at 11:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,804 sqft
  • Baths : 2 full
Listing Agent

Bhhs Florida Realty

Listing Agent's Description

Fabulous one owner home in sought after Windermere Groves just 2 miles from Downtown Windermere for Friday's Farmers Market. This home features 3 bedrooms plus a huge office with french doors that could easily be made into a 4th bedroom if you needed. All you need to do is add a closet. This home is in IMMACULATE condition!!! Bright and Open, the GREAT room is HUGE with vaulted ceilings and pocketing sliders to the extended screened lanai. The Master retreat is oversized and enjoys a luxurious bath with double sink vanity featuring upgraded center drawers, corner soaking tub, separate shower and large walk in closet. Tucked at the back of the home and across from the other bedrooms offers privacy for the Master retreat. The bright, white kitchen has upgraded bank of drawers, professional hood vent fan to outside and a pocket door to formal dining room and breakfast bar to the dining nook with 3 bay windows for loads of light. The secondary bedrooms have a fabulous hall storage closet and easy access to guest bath with white cabinetry and cultured marble top. The lanai is expanded and screen enclosed overlooking HUGE backyard that could be transformed into anything you can imagine. Loads of room for a pool should you wish to add AND STILL have yard left over. The ORIGINAL owners have lovingly maintained this home. HVAC 2005. Water Heater, Home re-pipe and Roof 2007. 1/2 of the attic area over garage is floored and complete with carpet for storage. Laundry tub in garage. Inside laundry room includes the washer and dryer. Transferable termite bond has been maintained on the home. The owners also had a french drain added from the back down the west side of home to the street for additional drainage. Don't wait on this one. Priced to sell quickly, it will not last!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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.

PRICE & RENT TRENDS

Neighborhood: Plantation Grove West

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $110k401k

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

Neighborhood: Plantation Grove West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000210022002300Rent in $9362327

* 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
Cornerstone Charter Academy K-8 Primary Charter 933 52 7
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Cornerstone Charter Academy K-8

  • Education Level: Primary
  • # of students: 933
  • # of teachers: 52
7
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
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,199
Property Tax -$411
Property Insurance -$144
HOA -$94
Property Management Fees -$164
CASH FLOW
-$191

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.

$325,000

PROJECTED PRICE

$1,820

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 7.7%
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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

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$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$3,949

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,493

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,3503$1,3754$1,7505$1,820
$1,820
RENT COMPS ANALYSIS
  • 11014 Orangeshire Ct Ocoee, FL 5
    • 3 beds 2 baths ∙ 1,804 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,804 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $1.01
    •  
  • 36 Heather Green Ct Ocoee, FL 1
    • 3 beds 2 baths ∙ 1,716 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,716 Sqft ∙ Built 1992
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.70
    •  
  • 240 Longhirst Loop Ocoee, FL 2
    • 3 beds 2 baths ∙ 1,477 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,477 Sqft ∙ Built 1998
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.91
    •  
  • 556 Saddell Bay Loop Ocoee, FL 3
    • 3 beds 2 baths ∙ 1,655 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,655 Sqft ∙ Built 1997
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.83
    •  
  • 1357 Glenwick Dr Windermere, FL 4
    • 4 beds 2 baths ∙ 2,022 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,022 Sqft ∙ Built 2002
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.87
    •  
PROPERTY LISTING DETAILS
Sherri Palmer
1.407.718.0412
Bhhs Florida Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5904680
Last Updated: 11/14/2020
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