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13773 Rushing Creek Run Orlando, FL 32824

4 Beds 3 Baths 2,313 sqft Built 2020

INVESTimate

$359,000

List Price

$2,080

$1,872 - $2,288

Rent Est.

$387,182  ( +7.85%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $155.21
  • 4 Days on Market
  • MLS # : O5887092
  • Updated Date : 08/24/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,313 sqft
  • Baths : 3 full
Listing Agent

Mainframe Real Estate

Listing Agent's Description

Welcome to Creekstone! Don’t wait to build the home of your dreams - take advantage of today’s interest rates and move in to this LIKE NEW 2019 built KB HOME with TRANSFERRABLE WARRANTY! Offering an open floorpan with 4 bedrooms and 3 baths on a CONSERVATION lot with no rear neighbors. Bedroom 2 features a full EN-SUITE with Full Bathroom; perfect for multi-generational families, roommates, or guests. Upgrades include 17” Ceramic Tile in the Living Areas, 42” Upper Cabinets, Whirlpool Stainless Appliances with 2 Year Warranty, Upgraded Shower Wall Tile, 9’ CEILINGS, Covered Lanai and Upgraded Window Treatments. ENERGY EFFICIENT features include RADIANT BARRIER SHEATHING, Insulated Low-E Double Pane Windows, HYBRID WATER HEATER, Insulated Garage Door, and 15 SEER HVAC. Community amenities include a POOL, Cabana, Playground, Play Field, Dog Park, Ramada and Picnic Tables. Near area employers, including Amazon Distribution Center, Siemens Fast Logistics Center, Orlando VA Medical Center at Lake Nona and Nemours Hospital. Minutes to LAKE NONA's Medical City. Ten-minute commute to Orlando International Airport. Convenient to shopping and dining and 417 Expressway. NO CDD!

SEE MORE

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: Meadow Woods

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $105k281k

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

Neighborhood: Meadow Woods

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10282094

* 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
 

$323,100$394,900$359,000

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,080
EXPENSES Loan Payment -$1,325
Property Tax -$402
Property Insurance -$174
HOA -$90
Property Management Fees -$187
CASH FLOW
-$97

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$359,000

PROJECTED PRICE

$2,080

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 7.85%
Maintenance Year (1-5) 3.00%
Vacancy 6.01%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,135

INVESTMENT

$97,135

Down Payment
$89,750
Rehab Estimate
$2,000
Closing Costs
$5,385

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,325

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $89,750
Loan Amount $269,250
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$9,324

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
  • $0.9

    LIST RENT PER SQFT
  • $2,076

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,975
1$1,9752$2,0803$2,1004$2,1005$2,100
$2,100
RENT COMPS ANALYSIS
  • 13773 Rushing Creek Run Orlando, 2
    • 4 beds 3 baths ∙ 2,313 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,313 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $2,080
    • $0.90
    •  
  • 3052 Youngford St Orlando, 1
    • 4 beds 3 baths ∙ 2,420 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,420 Sqft ∙ Built 2014
    LEASED 01/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.82
    •  
  • 14760 Crosston Bay Ct Orlando, 3
    • 4 beds 3 baths ∙ 2,283 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,283 Sqft ∙ Built 2012
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.92
    •  
  • 2878 Youngford St Orlando, 4
    • 4 beds 3 baths ∙ 2,283 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,283 Sqft ∙ Built 2014
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.92
    •  
  • 2957 Youngford St Orlando, 5
    • 4 beds 3 baths ∙ 2,264 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,264 Sqft ∙ Built 2014
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.93
    •  
PROPERTY LISTING DETAILS
Jeffrey Rogers
1.407.749.5448
Mainframe Real Estate
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5887092
Last Updated: 08/24/2020
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