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14329 Lord Barclay Dr Orlando, FL 32837

4 Beds 3 Baths 2,298 sqft Built 1994

INVESTimate

$412,900

List Price

$2,310

$2,079 - $2,541

Rent Est.

$115,169

Investment Est.

$432,595  ( +4.77%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1994
  • Price/Sqft : $179.68
  • 2 Days on Market
  • MLS # : O5887163
  • Updated Date : 08/26/2020 at 02:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,298 sqft
  • Baths : 3 full
Listing Agent

Doug Stewart Realty, Inc

Listing Agent's Description

This 4 bedrrom3 baths, with nice bedroom plan * Formal Living and Dining Room * Vaulted Ceilings * Spacious Kitchen with Breakfast Nook Area * 2 Car garage ,Open floor plan, letting in plenty of natural light; this is great for wonderful family gatherings and entertaining. The kitchen has breakfast/snack bar that overlooks the living area. The master bedroom suite has a two walk in closet. The screened in pool overlooks a gorgeous and lake area. - Max 2 pets, 40 lbs or less, some furniture (living, breakfast nook, family room, pool furniture, see photos) are available with no extra charge. - Great Location in South West Orlando * Close to Disney, Universal, Sea World and other Orlando area attractions. * Orlando International Airport is 10 minutes away VIA 417. * Great neighborhood, offer Golf, Tennis, Soccer, Nature Trails and more. Several shopping centers including THE LOOP, Florida mall and great restaurants. * Conveniently located, close to major Employer Lockheed Martin, Darden corp. Orlando convention center, MCO. and Major highways: I-4, 417, 528. Florida Turn Pike, Osceola Parkway.

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MARKET HIGHLIGHTS

Orlando Market Report
  • 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: Hunters Creek

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $105k353k

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

Neighborhood: Hunters Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10282269

* 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
 

FINANCIALS

Learn how to read this

$371,610$454,190$412,900

PURCHASE PRICE

$2,079$2,541$2,310

RENT

DOWN PAYMENT
FINANCING
Learn how to read this

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow

  • Appreciation

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

PROJECTED ANNUAL CASH FLOW

11530-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,310
EXPENSES Loan Payment -$1,523
Property Tax -$463
Property Insurance -$173
HOA -$96
Property Management Fees -$208
CASH FLOW
-$153

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.

$412,900

PROJECTED PRICE

$2,310

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 4.77%
Maintenance Year (1-5) 8.00%
Vacancy 6.01%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,169

INVESTMENT

$115,169

Down Payment		 $103,225
Rehab Estimate		 $5,750
Closing Costs		 $6,194

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,523

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $103,225
Loan Amount $309,675
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$8,661

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,310

    LIST RENT

  • $1.01

    LIST RENT PER SQFT

  • $1,994

    COMP ESTIMATED VALUE

  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$1,9953$2,0004$2,1005$2,310
$2,310
RENT COMPS ANALYSIS
  • 14329 Lord Barclay Dr Orlando, 5
    • 4 beds 3 baths ∙ 2,298 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,298 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,310
    • $1.01
    •  
  • 3334 Timucua Cir Orlando, 1
    • 3 beds 2 baths ∙ 2,209 Sqft ∙ Built 1991 3 beds 2 baths ∙ 2,209 Sqft ∙ Built 1991
    property image
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.88
    •  
  • 14017 Sierra Vista Dr Orlando, 2
    • 4 beds 3 baths ∙ 2,353 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,353 Sqft ∙ Built 2001
    property image
    LEASED 10/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.85
    •  
  • 13738 Huntwick Dr Orlando, 3
    • 5 beds 4 baths ∙ 2,414 Sqft ∙ Built 1998 5 beds 4 baths ∙ 2,414 Sqft ∙ Built 1998
    property image
    LEASED 12/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.83
    •  
  • 3974 Kiawa Dr Orlando, 4
    • 4 beds 2 baths ∙ 2,317 Sqft ∙ Built 1990 4 beds 2 baths ∙ 2,317 Sqft ∙ Built 1990
    property image
    LEASED 08/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.91
    •  
PROPERTY LISTING DETAILS
LISTING AGENT
Kyril Sresnewsky
1.407.947.7820
Doug Stewart Realty, Inc
BUYER AGENT
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
SOURCE
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5887163
Last Updated: 08/26/2020

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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