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14231 Seranoa Dr Orlando, FL 32824

4 Beds 2 Baths 2,313 sqft Built 2018

$360,000

List Price

$2,050

$1.8K - $2.3K

Rent Est.

$101,150

Investment Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $155.64
  • 3 Days on Market
  • MLS # : O5923374
  • Updated Date : 02/13/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,313 sqft
  • Baths : 2 full
Listing Agent

Global Luxury Realty Llc

Listing Agent's Description

***** AMAZING UPGRADES THROUGHOUT THIS OPEN FLOORPLAN HOME THAT'S MINUTES FROM MEDICAL CITY AND LAKE NONA! ***** You've got one of the BEST LOCATIONS IN CREEKSTONE. Walk across the street to the POOL, PLAYGROUND, FIRE PIT and PAVILION. This home features 4 BEDROOMS that are SPLIT. The front bedroom COULD EASILY BE USED AS AN OFFICE. The DINING ROOM IS HUGE and OPENS to the LIVING ROOM and KITCHEN. The KITCHEN HAS STONE COUNTERS, BREAKFAST BAR/ISLAND, PENDANT LIGHTS, RECESSED LIGHTING, STAINLESS APPLIANCES and MORE. The MASTER SUITE BATHROOM has STONE COUNTERS, DOUBLE VANITY, GARDEN TUB and STAND UP SHOWER. The GUEST BATHROOM also has STONE COUNTERS and a DOUBLE VANITY. This home is ideal for entertaining. It won't last long! Easy access to shopping and restaurants along with Highway 417.

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MARKET HIGHLIGHTS

Orlando Market Report
  • 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)
  • Orlando metro employment growth is at 3.5% and predicted to grow at 2.5% in 2019 (USMayors.org, 2018)

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
Wyndham Lakes Elementary School Primary Regular 856 53 6
South Creek Middle School Middle Regular 949 54 4
Cypress Creek High School High Magnet 3,124 148 5

Wyndham Lakes Elementary School

  • Education Level: Primary
  • # of students: 856
  • # of teachers: 53
6
GreatSchools Rating

South Creek Middle School

  • Education Level: Middle
  • # of students: 949
  • # of teachers: 54
4
GreatSchools Rating

Cypress Creek High School

  • Education Level: High
  • # of students: 3,124
  • # of teachers: 148
5
GreatSchools Rating
 

FINANCIALS

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$324,000$396,000$360,000

PURCHASE PRICE

$1,845$2,255$2,050

RENT

DOWN PAYMENT
FINANCING
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FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,050
EXPENSES Loan Payment -$1,250
Property Tax -$419
Property Insurance -$174
HOA -$82
Property Management Fees -$129
CASH FLOW
-$5

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.

$360,000

PROJECTED PRICE

$2,050

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 7.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.01%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$101,150

INVESTMENT

$101,150

Down Payment		 $90,000
Rehab Estimate		 $5,750
Closing Costs		 $5,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,250

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $90,000
Loan Amount $270,000
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$16,863

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,050

    LIST RENT

  • $0.89

    LIST RENT PER SQFT

  • $2,105

    COMP ESTIMATED VALUE

  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,0503$2,1004$2,1005$2,200
$2,200
RENT COMPS ANALYSIS
  • 14231 Seranoa Dr Orlando, FL 2
    • 4 beds 2 baths ∙ 2,313 Sqft ∙ Built 2018 4 beds 2 baths ∙ 2,313 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.89
    •  
  • 2457 Strandhill St Orlando, FL 1
    • 4 beds 3 baths ∙ 2,273 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,273 Sqft ∙ Built 2009
    property image
    LEASED 01/27/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.88
    •  
  • 2878 Youngford St Orlando, FL 3
    • 4 beds 3 baths ∙ 2,283 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,283 Sqft ∙ Built 2014
    property image
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.92
    •  
  • 2957 Youngford St Orlando, FL 4
    • 4 beds 3 baths ∙ 2,264 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,264 Sqft ∙ Built 2014
    property image
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.93
    •  
  • 14154 Dove Hollow Dr Orlando, FL 5
    • 4 beds 3 baths ∙ 2,419 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,419 Sqft ∙ Built 2018
    property image
    LEASED 09/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.91
    •  
PROPERTY LISTING DETAILS
LISTING AGENT
Andrew Pierson
1.844.407.7653
Global Luxury Realty Llc
BUYER AGENT
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
SOURCE
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5923374
Last Updated: 02/13/2021

All returns, cash flow, and appreciation estimates are projections. Please review our Disclaimer for more information.

All values are rounded to the nearest dollar.
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