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1221 Oxford Rd Maitland, FL 32751

3 Beds 2 Baths 1,370 sqft Built 1961

INVESTimate

$280,000

List Price

$1,570

$1,413 - $1,727

Rent Est.

$296,352  ( +5.84%)   1 YR EST. FORECAST

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1961
  • Price/Sqft : $204.38
  • 8 Days on Market
  • MLS # : O5886455
  • Updated Date : 08/23/2020 at 12:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,370 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Heritage Realty

Listing Agent's Description

Honey! Stop The Car!! This Beautiful 3 Bedroom 2 Bathroom Home Situated In English Estates Will Pull You In From The Street With It’s Immaculate Landscaping, Clean Lines, Spacious Lot, And Oversized Carport. Once Inside, You’ll Fall In Love As You Wander Around This Open Floor Plan, Across Terrazzo Floors Bathed In Natural Light Streaming Through Large Windows In Almost Every Room Of The House! This Home Flows Effortlessly From Room To Room. Kitchen Has Been Beautifully Upgraded With Solid Wood Soft-Close Cabinetry, Stainless Steel Appliances, Butcher Block Countertops, And A Breakfast Bar. Your Kitchen Overlooks A Florida Room Which Opens Up To A Spacious, Covered, Screened-In Back Patio That Overlooks What Could Be Your Massive And Fully Fenced Back Yard Oasis! Picture A Firepit On Cool Winter Evenings Or A Summer Slip And Slide Party! How Much Is Peace Of Mind Worth To You? For Once You Won’t Have To Worry! Owners Have Meticulously Maintained This Home! House Was Completely Re-plumbed In 2019. Water Heater Was Replaced In 2019. A/C Was Replaced In 2016. Roof Is 2005. Additional Perks: An Oversized Custom Pavered Driveway, Lots Of Storage, Spacious Rooms, And An Super Convenient Location - Neighborhood Is Quiet And Well Established And Yet You Are Just Minutes From Altamonte Springs And Winter Park Which Both Offer So Many Shopping Options And A Truly Diverse And Delectable Assortment Of Mouth Watering Dining Experiences! You Are Also Just A Short Drive To The Airport And Downtown! This Home Will Be Gone Before You Know It. Don’t Miss This Opportunity! Call Me Today To Set Up Your Private Showing!

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MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: English Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $110k331k

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

Neighborhood: English Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100220023002400Rent in $10292428

* 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
English Estates Elementary School Primary Regular 829 59 6
South Seminole Middle School Middle Magnet 1,228 79 5
Lake Howell High School High Regular 2,229 117 6

English Estates Elementary School

  • Education Level: Primary
  • # of students: 829
  • # of teachers: 59
6
GreatSchools Rating

South Seminole Middle School

  • Education Level: Middle
  • # of students: 1,228
  • # of teachers: 79
5
GreatSchools Rating

Lake Howell High School

  • Education Level: High
  • # of students: 2,229
  • # of teachers: 117
6
GreatSchools Rating
 

$252,000$308,000$280,000

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$1,033
Property Tax -$283
Property Insurance -$118
HOA -$2
Property Management Fees -$141
CASH FLOW
-$7

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.

$280,000

PROJECTED PRICE

$1,570

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 5.84%
Maintenance Year (1-5) 8.00%
Vacancy 5.99%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$15,348

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,570

    LIST RENT
  • $1.15

    LIST RENT PER SQFT
  • $1,384

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,195
1$1,1952$1,5003$1,5504$1,5705$1,695
$1,695
RENT COMPS ANALYSIS
  • 1221 Oxford Rd Maitland, 4
    • 3 beds 2 baths ∙ 1,370 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,370 Sqft ∙ Built 1961
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $1.15
    •  
  • 2050 Thunderbird Trl Maitland, 1
    • 3 beds 2 baths ∙ 1,493 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,493 Sqft ∙ Built 1963
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.80
    •  
  • 145 Birchwood Dr Maitland, 2
    • 3 beds 2 baths ∙ 1,409 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,409 Sqft ∙ Built 1958
    property image
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.06
    •  
  • 1909 Collier Dr Fern Park, 3
    • 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 1967 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 1967
    property image
    LEASED 11/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.05
    •  
  • 520 Seneca Trl Maitland, 5
    • 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1958
    property image
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.13
    •  
PROPERTY LISTING DETAILS
Marci Blanchard
1.904.800.9971
Keller Williams Heritage Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5886455
Last Updated: 08/23/2020
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