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14125 Magnolia Glen Cir Orlando, FL 32828

4 Beds 3 Baths 2,615 sqft Built 1999

$440,000

List Price

$2,040

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $168.26
  • 3 Days on Market
  • MLS # : O5915849
  • Updated Date : 01/15/2021 at 18:11
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,615 sqft
  • Baths : 3 full
Listing Agent

Re/max Innovation

Listing Agent's Description

Welcome to the sub division of Magnolia Glen in the heart of E Orlando and the highly desirable area of Waterford Lakes. This absolutely stunning 4 bed 3 full bath home boast 12 foot ceilings, large pillars, grand arches and a custom built architectural style home on an oversized 1/4 acre lot! THREE car garage! This style home has a completely open floor plan with either a private office or living room as you enter the home. Featuring a 3 way split plan with two bedrooms and a bathroom off the formal living/dining area. Additionally, in the back left of the home is a full bathroom and bedroom that makes a perfect guest or in law suite. The kitchen is open to the large family room perfect for entertaining with family and friends. An abundant amount of natural light enters each room with large open custom windows overlooking the sparkling pool and spa, lush landscaping and covered screened in lanai. The large master will just amaze you with an oversized fully remodeled master bath, new custom vanities and upgraded separate shower. Off the master bathroom is an oversized closet that is the entire length of the master bedroom and is absolutely amazing. Other upgrades include new 50 yr warranty wood flooring (2017), 30 yr architectural shingle roof ( 2013) New HVAC system (2010 with new coils 2014), New whole house water softener system (2016) all new dark stainless steel appliances (2018) and all new custom designed lighting throughout the home. Waterford Lakes is a community with all A rated schools, along with wonderful amenities including community pool, covered playground, waterfront exercise walking trails, outside covered gym, dog park, and a sports complex including tennis courts, basketball courts, racquetball courts, baseball fields, sand volleyball court, and soccer field. Close to all major highways, shopping and UCF and Valencia College. This rare floor plan and home will not last long. Schedule your showing today!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Waterford Lakes North

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $105k402k

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

Neighborhood: Waterford Lakes North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10292107

* 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
Timber Creek High School High Regular 3,132 161 8

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

Timber Creek High School

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

$396,000$484,000$440,000

PURCHASE PRICE

$1,836$2,244$2,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,040
EXPENSES Loan Payment -$1,528
Property Tax -$500
Property Insurance -$192
HOA -$86
Property Management Fees -$129
CASH FLOW
-$396

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.

$440,000

PROJECTED PRICE

$2,040

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 5.8%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$122,350

INVESTMENT

$122,350

Down Payment
$110,000
Rehab Estimate
$5,750
Closing Costs
$6,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,528

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $110,000
Loan Amount $330,000
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$2,348

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,040

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $2,033

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$2,0003$2,0404$2,0505$2,255
$2,255
RENT COMPS ANALYSIS
  • 14125 Magnolia Glen Cir Orlando, FL 3
    • 4 beds 3 baths ∙ 2,615 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,615 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,040
    • $0.78
    •  
  • 900 Oak Chase Dr Orlando, FL 1
    • 4 beds 3 baths ∙ 2,432 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,432 Sqft ∙ Built 1999
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.68
    •  
  • 13521 Old Dock Road Orlando, FL 2
    • 4 beds 3 baths ∙ 2,457 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,457 Sqft ∙ Built 2003
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.81
    •  
  • 1124 Cherry Valley Way Orlando, FL 4
    • 4 beds 3 baths ∙ 2,544 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,544 Sqft ∙ Built 2000
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.81
    •  
  • 13618 Old Dock Rd Orlando, FL 5
    • 4 beds 3 baths ∙ 2,778 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,778 Sqft ∙ Built 2003
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,255
    • $0.81
    •  
PROPERTY LISTING DETAILS
Bill Mauer
1.407.497.3112
Re/max Innovation
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5915849
Last Updated: 01/15/2021
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