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14051 Ocean Pine Cir Orlando, FL 32828

5 Beds 5 Baths 2,823 sqft Built 2004

$415,000

List Price

$2,270

$2K - $2.5K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $147.01
  • 5 Days on Market
  • MLS # : O5907035
  • Updated Date : 11/19/2020 at 01:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,823 sqft
  • Baths : 4 full , 1 half
Listing Agent

Keller Williams Advantage Realty

Listing Agent's Description

Welcome home! This immaculate 5 bedroom, 4 and (1/2) bath, home sits proudly in the extremely desirable gated community of Avalon Lakes. This community offers several incredible amenities. Community pool, playground, and jungle gym make this a perfect neighborhood for an active lifestyle. Opening the front door your eyes are immediately drawn to the stunning Tile floors and 5 1/4" baseboards. Walking in, to your right is your formal living room and dining room. New engineered Bamboo flooring and upgraded baseboards give this room an elegant feel. Through the walkway on your right, you have your stunning open kitchen. Gorgeous 42'' soft close cabinets, granite countertop, and tile backsplash make this a stunning space to prepare food and gather. Connected to the kitchen is your oversized living room. Through the door way in the living room you have your spacious Master suite. The Master suite features upgraded Engineered bamboo flooring and upgraded baseboards. The Master bath has a beautiful garden tub and dual vanities. Up the stairs you come to your oversized loft. The perfect entertainment space or classroom conversion. The 4 additional bedrooms all feature engineered bamboo flooring, upgraded baseboards, and ceiling fans. With so much to offer this home will go quickly.

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: Avalon Lakes Village

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $105k335k

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

Neighborhood: Avalon Lakes Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10292089

* 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
Timber Lakes Elementary School Primary Regular 897 59 9
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Timber Creek High School High Regular 3,132 161 8

Timber Lakes Elementary School

  • Education Level: Primary
  • # of students: 897
  • # of teachers: 59
9
GreatSchools Rating

Cornerstone Charter Academy K-8

  • Education Level: Middle
  • # of students: 933
  • # of teachers: 52
7
GreatSchools Rating

Timber Creek High School

  • Education Level: High
  • # of students: 3,132
  • # of teachers: 161
8
GreatSchools Rating
 

$373,500$456,500$415,000

PURCHASE PRICE

$2,043$2,497$2,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,270
EXPENSES Loan Payment -$1,531
Property Tax -$472
Property Insurance -$205
HOA -$95
Property Management Fees -$204
CASH FLOW
-$237

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.

$415,000

PROJECTED PRICE

$2,270

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 8.6%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$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$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,531

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$5,815

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,270

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,449

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$2,270
1$2,2702$2,3503$2,3504$2,5005$2,600
$2,600
RENT COMPS ANALYSIS
  • 14051 Ocean Pine Cir Orlando, FL 1
    • 5 beds 5 baths ∙ 2,823 Sqft ∙ Built 2004 5 beds 5 baths ∙ 2,823 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,270
    • $0.80
    •  
  • 16026 Oak Spring Dr Orlando, FL 2
    • 4 beds 4 baths ∙ 2,732 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,732 Sqft ∙ Built 2006
    property image
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.86
    •  
  • 259 Winghurst Blvd Orlando, FL 3
    • 5 beds 4 baths ∙ 2,812 Sqft ∙ Built 2001 5 beds 4 baths ∙ 2,812 Sqft ∙ Built 2001
    property image
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.84
    •  
  • 13533 Hidden Forest Cir Orlando, FL 4
    • 5 beds 5 baths ∙ 2,840 Sqft ∙ Built 2006 5 beds 5 baths ∙ 2,840 Sqft ∙ Built 2006
    property image
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.88
    •  
  • 1434 Anna Catherine Dr Orlando, FL 5
    • 4 beds 4 baths ∙ 2,922 Sqft ∙ Built 2002 4 beds 4 baths ∙ 2,922 Sqft ∙ Built 2002
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.89
    •  
PROPERTY LISTING DETAILS
Nicholas Kovats
1.321.356.4072
Keller Williams Advantage Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5907035
Last Updated: 11/19/2020
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