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14526 Jamaica Dogwood Dr Orlando, FL 32828

4 Beds 2 Baths 1,966 sqft Built 2003

$355,000

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

December 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $180.57
  • 5 Days on Market
  • MLS # : O5912966
  • Updated Date : 12/23/2020 at 11:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,966 sqft
  • Baths : 2 full
Listing Agent

Re/max Innovation

Listing Agent's Description

Fabulous Upgraded Home Where You Can Relax on Your Spacious Covered Porch Enjoying Your Coffee in the Sought after Avalon Park. 4 Bedrooms, 2 baths, 1966sf on a Corner Lot. Lots of Upgrades! BRAND NEW ROOF-2020, BRAND NEW Interior Paint-2020, NEW AC- 2019, NEWER Outside AC- 2015, NEWER Exterior Paint- 2017, Ring Camera, 20”x20” Tile, Split Bedrooms for Privacy & MAPLE HARDWOOD Floors in All Bedrooms. This home offers Combo Formal Living and Dining Room and a Separate Family Room w/ French Doors. The Kitchen Features 42" Wood Cabinets w/ Crown Molding, Granite Counters, Island, Backsplash, Stainless Steel Appliances and Dinette Area. The Master Features Maple Wood Floors, Garden Tub, Single Sink (There is plumbing for 2nd Sink) & Custom Built in Shelving in Walk in Closet. Secondary Bedrooms Feature Maple Wood Floors Including the Hallway. Nice sized Laundry Room with Washer and Dryer Included. Avalon Features Community Pools, Tennis/Basketball/Pickleball/Racquetball Courts, Splash Pad, Gated Playground, Jogging/Biking Trails, Dog Park, Football/Soccer/Baseball Fields, Excellent Schools, Shops, Restaurants & Professional Services. Near 528, 417 & 408, Waterford Lakes Town Center, UCF, Valencia, Research Parkway, Medical City, Lake Nona & Beaches. Basic Cable and Internet Included in HOA dues with Spectrum.

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: Avalon Park Village

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $105k333k

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

Neighborhood: Avalon Park Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10292106

* 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
Avalon Elementary School Primary Regular 937 62 8
Avalon Middle School Middle Regular 1,809 96 8
Timber Creek High School High Regular 3,132 161 8

Avalon Elementary School

  • Education Level: Primary
  • # of students: 937
  • # of teachers: 62
8
GreatSchools Rating

Avalon Middle School

  • Education Level: Middle
  • # of students: 1,809
  • # of teachers: 96
8
GreatSchools Rating

Timber Creek High School

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

$319,500$390,500$355,000

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$1,310
Property Tax -$404
Property Insurance -$154
HOA -$109
Property Management Fees -$129
CASH FLOW
-$295

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.

$355,000

PROJECTED PRICE

$1,810

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 6.1%
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

PROJECTED ANNUAL CASH FLOW

11530-$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$99,825

INVESTMENT

$99,825

Down Payment
$88,750
Rehab Estimate
$5,750
Closing Costs
$5,325

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,310

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $88,750
Loan Amount $266,250
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$3,902

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,810

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,573

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,3953$1,7254$1,7505$1,810
$1,810
RENT COMPS ANALYSIS
  • 14526 Jamaica Dogwood Dr Orlando, FL 5
    • 4 beds 2 baths ∙ 1,966 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,966 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $0.92
    •  
  • 2232 Strawberry Tree Ln Orlando, FL 1
    • 3 beds 2 baths ∙ 1,908 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,908 Sqft ∙ Built 2003
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.71
    •  
  • 2457 Guiana Plum Dr Orlando, FL 2
    • 3 beds 2 baths ∙ 1,863 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,863 Sqft ∙ Built 2003
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.75
    •  
  • 1206 Fox Grove Ct Orlando, FL 3
    • 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 2005
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.86
    •  
  • 16661 Deer Chase Loop Orlando, FL 4
    • 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 2005
    LEASED 12/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.88
    •  
PROPERTY LISTING DETAILS
Crystal Adams
1.407.927.9610
Re/max Innovation
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5912966
Last Updated: 12/23/2020
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