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14439 Dulcimer Ct Orlando, FL 32837

3 Beds 2 Baths 2,069 sqft Built 1990

$345,000

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $166.75
  • 4 Days on Market
  • MLS # : S5047713
  • Updated Date : 03/12/2021 at 18:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,069 sqft
  • Baths : 2 full
Listing Agent

Premium Properties R.e Service

Listing Agent's Description

Immaculately maintained home, in private, gated , guarded enclave. Nice corner lot with privacy backyard. Nice enclosed patio in rear, maintenance free living! Upgraded flooring, nice wooden and ceramic flooring throughout the home. Flexible and open floor plan, spacious pantry and more! Gorgeous PLANTATION shutters throughout most of home, nice covered screened room in rear, brick paver walkway in rear as well. Complete appliance package including Stainless Steel microwave and oven. Huge 3bedroom, ideal for office, den or media room, no closet, but can be utilized as bedroom. Oversized 2-car garage. California closet system in Master Bedroom closet! Enjoy the maintenance free Tanglewood lifestyle, Gated, Guarded, Community Pool, Private Tennis courts, Association maintains your front lawn and landscaping and more!

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: 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
 

$310,500$379,500$345,000

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,198
Property Tax -$386
Property Insurance -$160
HOA -$79
Property Management Fees -$129
CASH FLOW
$48

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.

$345,000

PROJECTED PRICE

$2,000

PROJECTED RENT

0.58%

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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$97,175

INVESTMENT

$97,175

Down Payment
$86,250
Rehab Estimate
$5,750
Closing Costs
$5,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,198

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $86,250
Loan Amount $258,750
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$20,604

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $2,012

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,9503$2,0004$2,1955$2,199
$2,199
RENT COMPS ANALYSIS
  • 14439 Dulcimer Ct Orlando, FL 3
    • 3 beds 2 baths ∙ 2,069 Sqft ∙ Built 1990 3 beds 2 baths ∙ 2,069 Sqft ∙ Built 1990
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.97
    •  
  • 14424 Quail Trail Ct Orlando, FL 1
    • 3 beds 2 baths ∙ 2,016 Sqft ∙ Built 1991 3 beds 2 baths ∙ 2,016 Sqft ∙ Built 1991
    property image
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.84
    •  
  • 13815 Boros St Orlando, FL 2
    • 3 beds 2 baths ∙ 1,870 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,870 Sqft ∙ Built 1996
    property image
    LEASED 12/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.04
    •  
  • 2762 Runyon Cir Orlando, FL 4
    • 3 beds 3 baths ∙ 2,178 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,178 Sqft ∙ Built 1994
    property image
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.01
    •  
  • 3327 Amaca Cir Orlando, FL 5
    • 4 beds 3 baths ∙ 2,195 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,195 Sqft ∙ Built 1991
    property image
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,199
    • $1.00
    •  
PROPERTY LISTING DETAILS
Martha Caligiuri
1.407.380.2800
Premium Properties R.e Service
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: S5047713
Last Updated: 03/12/2021
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