Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1200 Stonewater Cir Ocoee, FL 34761

5 Beds 3 Baths 2,925 sqft Built 2004

$355,000

List Price

$2,080

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 16, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $121.37
  • 7 Days on Market
  • MLS # : O5906253
  • Updated Date : 11/20/2020 at 11:37
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,925 sqft
  • Baths : 2 full , 1 half
Listing Agent

Florida Realty Investments

Listing Agent's Description

Beautiful 2 story house in Ocoee. 1/3 of an Acre lot! Ready for quick closing! 5 Bedroom 2.1 bath with 2925 heated Sq. Ft. Home has Grand sweeping staircase to 2nd floor. Open and Bright floor plan with formal living, dining, Huge family room, oversized 2 car garage and open bonus room/Loft on the 2nd floor. Master Bedroom has vaulted ceilings in addition to 2 large walk in closets, separate shower, Dual sinks and roman tub. 2 A/C systems, upstairs Utility Room. Additional storage under stairs, up stairs and down stairs. Room for everyone and everything. This small Ocoee subdivision is completely surrounded with a community brick wall and is across the street from the small pond w/fountain and park. Home is being sold AS IS with right to inspect. Back yard is so large that it has fountain, mature landscaping and room to add a screen Porch. A Must see for Large families. Formal Living room on first floor can be converted to 6th bedroom just by adding a door. Ocoee schools and very private subdivision. You have to see to believe this large family home. Roof was replace last year. One of the Air Handler was replaced. Refrigerator and Range new.

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: Wellington Place

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $110k331k

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

Neighborhood: Wellington Place

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9362089

* 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
 

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

PURCHASE PRICE

$1,872$2,288$2,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,080
EXPENSES Loan Payment -$1,310
Property Tax -$450
Property Insurance -$211
HOA -$63
Property Management Fees -$187
CASH FLOW
-$141

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

$2,080

PROJECTED RENT

0.59%

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$8.0k$10k

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 60% 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

2.42

YEARS SAVED

$7,708

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,080

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $2,055

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$1,9503$2,0004$2,0805$2,150
$2,150
RENT COMPS ANALYSIS
  • 1200 Stonewater Cir Ocoee, FL 4
    • 5 beds 3 baths ∙ 2,925 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,925 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,080
    • $0.71
    •  
  • 7957 Rex Hill Trl #4 Orlando, FL 1
    • 4 beds 3 baths ∙ 2,868 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,868 Sqft ∙ Built 2006
    property image
    LEASED 12/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.66
    •  
  • 2772 Pythagoras Cir Ocoee, FL 2
    • 4 beds 3 baths ∙ 2,717 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,717 Sqft ∙ Built 2008
    property image
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.72
    •  
  • 305 Sterling Lake Dr Ocoee, FL 3
    • 5 beds 3 baths ∙ 2,916 Sqft ∙ Built 1993 5 beds 3 baths ∙ 2,916 Sqft ∙ Built 1993
    property image
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.69
    •  
  • 1627 Amber Leaf Cir Ocoee, FL 5
    • 4 beds 4 baths ∙ 2,900 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,900 Sqft ∙ Built 2018
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.74
    •  
PROPERTY LISTING DETAILS
Edul Mohamed, Pa
1.407.760.0090
Florida Realty Investments
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5906253
Last Updated: 11/20/2020
BESbswy