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14367 Tambourine Dr Orlando, FL 32837

4 Beds 3 Baths 2,653 sqft Built 1989

$399,990

List Price

$2,110

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $150.77
  • 3 Days on Market
  • MLS # : S5046908
  • Updated Date : 02/26/2021 at 17:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,653 sqft
  • Baths : 2 full , 1 half
Listing Agent

La Rosa Realty Central Florida Llc

Listing Agent's Description

GREAT OPPORTUNITY ON THIS BEAUTIFUL HOUSE that is located in Hunters Creek in a man gated community , great community location. Spacious living room , corner lot so light comes to the living room from all three sides. This house was recently remodeled with TONS of upgraded features including: 1-Brand new A/C installed 2019. 2-Brand new luxurious/modern vinyl floors. 3-Entire house is painted 2019 along with removing popcorn ceiling and replacing it new modern knock down texture ceiling. 4-New appliances including all ceiling fans and modern luxurious lights and garage door’s openers. 5- Brand new kitchen including cabinets, sink, faucet, hanging lights and high grade granite countertops. 6-Brand new bathrooms' faucets, toilets and granite countertops along with renovated cabintes. 7-New luxurious/modern marble fireplace frame. 8-Recently replaced all windows with brand new high quality faux wood blinds. 9-Based on 2018 inspection, roof is in a very good condition ( wind mitigation) that gives you discounted insurance price. 10-The house is on corner lot ,no neighbors from 3 sides and the house is lightful during the day , the community pool is just a few steps from the house. 11-Community location is great being in the middle of everything. 12-The community safety is exceptional. It is gated and it is the only man gated community in hunters creek. 13-Great schools rating. 14-Pavers drive way. You will love the spaceous formal living room, family room and cozy dining area along with the guest bathroom along with the downstairs master bedroom with bathroom and closet. 2nd story has 3 wood floored bedrooms and 1 bathroom with renovated cabinets that you will fall in love with. You will enjoy extra wide 2 car garage with a side accessing door to the laundry area that already has a washer and dryer for you to use. There really is too much to list here so put this house at the top of your list today.

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Hunters Creek Golf Course

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $105k349k

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

Neighborhood: Hunters Creek Golf Course

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10282099

* 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
Endeavor Elementary School Primary Regular 653 40 6
Hunters Creek Middle School Middle Regular 1,060 57 6
Freedom High School High Regular 3,281 149 6

Endeavor Elementary School

  • Education Level: Primary
  • # of students: 653
  • # of teachers: 40
6
GreatSchools Rating

Hunters Creek Middle School

  • Education Level: Middle
  • # of students: 1,060
  • # of teachers: 57
6
GreatSchools Rating

Freedom High School

  • Education Level: High
  • # of students: 3,281
  • # of teachers: 149
6
GreatSchools Rating
 

$359,991$439,989$399,990

PURCHASE PRICE

$1,899$2,321$2,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,110
EXPENSES Loan Payment -$1,389
Property Tax -$447
Property Insurance -$195
HOA -$240
Property Management Fees -$129
CASH FLOW
-$290

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.

$399,990

PROJECTED PRICE

$2,110

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 5.4%
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

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$111,747

INVESTMENT

$111,747

Down Payment
$99,998
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,998
Loan Amount $299,993
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$2,483

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,110

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,215

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,0883$2,1104$2,3005$2,395
$2,395
RENT COMPS ANALYSIS
  • 14367 Tambourine Dr Orlando, FL 3
    • 4 beds 3 baths ∙ 2,653 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,653 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $2,110
    • $0.80
    •  
  • 13567 Lanner Dr Orlando, FL 1
    • 4 beds 3 baths ∙ 2,585 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,585 Sqft ∙ Built 1999
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.77
    •  
  • 1996 Derby Glen Dr Orlando, FL 2
    • 4 beds 3 baths ∙ 2,813 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,813 Sqft ∙ Built 1998
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,088
    • $0.74
    •  
  • 13821 Amberleigh Rd Orlando, FL 4
    • 4 beds 3 baths ∙ 2,535 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,535 Sqft ∙ Built 1998
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.91
    •  
  • 3285 Amaca Cir Orlando, FL 5
    • 4 beds 3 baths ∙ 2,592 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,592 Sqft ∙ Built 1992
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.92
    •  
PROPERTY LISTING DETAILS
Maged Samwel
1.717.666.5033
La Rosa Realty Central Florida Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: S5046908
Last Updated: 02/26/2021
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