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

1369 Countryridge Pl Orlando, FL 32835

4 Beds 3 Baths 1,914 sqft Built 1993

$368,000

List Price

$2,150

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $192.27
  • 3 Days on Market
  • MLS # : O5926316
  • Updated Date : 02/27/2021 at 08:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,914 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams At The Parks

Listing Agent's Description

Don't miss your chance at this fantastic Metrowest home. This 4 bedroom, 2.5 bath home is ready for it's new owner. Remodeled master bathroom, downstairs master bedroom and fresh paint throughout. Granite counters in the kitchen with stainless steel appliances. When you step outside you will surely be impressed. The backyard is a peaceful paradise. Enjoy the outdoor kitchen and ample space for entertaining, firepits, relaxation and more. New roof 2020!! AC and Water Heater recently updated. Be sure to stop by one of our open houses this weekend and check the home out for yourself.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Orlando ranks 7th in U.S. for economic growth (Milken Instutute/ Orlando Sentinel, 2018)

PRICE & RENT TRENDS

Neighborhood: Ridgemoore

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $105k419k

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

Neighborhood: Ridgemoore

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10292319

* 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
Metrowest Elementary School Primary Regular 1,515 92 3
Gotha Middle School Middle Regular 1,272 67 3
Olympia High School High Regular 2,990 134 7

Metrowest Elementary School

  • Education Level: Primary
  • # of students: 1,515
  • # of teachers: 92
3
GreatSchools Rating

Gotha Middle School

  • Education Level: Middle
  • # of students: 1,272
  • # of teachers: 67
3
GreatSchools Rating

Olympia High School

  • Education Level: High
  • # of students: 2,990
  • # of teachers: 134
7
GreatSchools Rating
 

$331,200$404,800$368,000

PURCHASE PRICE

$1,935$2,365$2,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,150
EXPENSES Loan Payment -$1,278
Property Tax -$419
Property Insurance -$150
HOA -$29
Property Management Fees -$129
CASH FLOW
$144

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.

$368,000

PROJECTED PRICE

$2,150

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 5.6%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$103,270

INVESTMENT

$103,270

Down Payment
$92,000
Rehab Estimate
$5,750
Closing Costs
$5,520

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,278

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $92,000
Loan Amount $276,000
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$34,647

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,150

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $1,890

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8803$2,0004$2,1505$2,200
$2,200
RENT COMPS ANALYSIS
  • 1369 Countryridge Pl Orlando, FL 4
    • 4 beds 3 baths ∙ 1,914 Sqft ∙ Built 1993 4 beds 3 baths ∙ 1,914 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.12
    •  
  • 1331 Pleasantridge Pl Orlando, FL 1
    • 3 beds 2 baths ∙ 2,093 Sqft ∙ Built 1993 3 beds 2 baths ∙ 2,093 Sqft ∙ Built 1993
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.86
    •  
  • 2804 Ripton Ct Orlando, FL 2
    • 3 beds 2 baths ∙ 1,898 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,898 Sqft ∙ Built 1990
    LEASED 01/16/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $0.99
    •  
  • 7219 Hunterdon Dr Orlando, FL 3
    • 3 beds 3 baths ∙ 1,937 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,937 Sqft ∙ Built 1988
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.03
    •  
  • 7900 Bridgestone Dr Orlando, FL 5
    • 3 beds 2 baths ∙ 2,050 Sqft ∙ Built 1996 3 beds 2 baths ∙ 2,050 Sqft ∙ Built 1996
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.07
    •  
PROPERTY LISTING DETAILS
Daniel Grieb
1.407.629.4420
Keller Williams At The Parks
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5926316
Last Updated: 02/27/2021
BESbswy