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14726 Kristenright Ln Orlando, FL 32826

3 Beds 3 Baths 2,174 sqft Built 2001

$345,000

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 2001
  • Price/Sqft : $158.69
  • 9 Days on Market
  • MLS # : O5901864
  • Updated Date : 10/27/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,174 sqft
  • Baths : 2 full , 1 half
Listing Agent

Watson Realty Corp

Listing Agent's Description

Outstanding updated home in move in condition. First floor features tile wood plank flooring throughout the LR/DR, kitchen and family room. Inviting eat in kitchen is upgraded with granite counters and 42 inch wood cabinets, center island and stainless steel appliances. Spacious family room, adjacent to kitchen is perfect for family gatherings and entertaining friends. Three bedrooms upstairs plus a large bonus room. Laminate flooring on second floor and tile in master bath along with dual vanities, separate tub and shower. Access to attic storage with pull down stairs from second floor hallway. This home is located on an oversized lot with a large back yard. Neighborhood has a community pool and playground area. Conveniently located to UCF, Research Park, Shopping, Restaurants, Waterford Lakes, Airport and Beaches.

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: Tanner Road

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $105k331k

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

Neighborhood: Tanner Road

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9252089

* 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
 

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

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,273
Property Tax -$392
Property Insurance -$166
HOA -$58
Property Management Fees -$161
CASH FLOW
-$260

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

$1,790

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 5.9%
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

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

$1,273

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $86,250
Loan Amount $258,750
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$2,423

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,940

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,790
1$1,7902$1,8503$1,9004$1,9455$1,950
$1,950
RENT COMPS ANALYSIS
  • 14726 Kristenright Ln Orlando, FL 1
    • 3 beds 3 baths ∙ 2,174 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,174 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.82
    •  
  • 14516 Lisalynne Ct Orlando, FL 2
    • 4 beds 2 baths ∙ 1,976 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,976 Sqft ∙ Built 2001
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.94
    •  
  • 14517 Lisalynne Ct Orlando, FL 3
    • 3 beds 3 baths ∙ 2,177 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,177 Sqft ∙ Built 2001
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.87
    •  
  • 3928 Stonefield Dr Orlando, FL 4
    • 4 beds 3 baths ∙ 2,135 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,135 Sqft ∙ Built 2000
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,945
    • $0.91
    •  
  • 15313 Stonebriar Way Orlando, FL 5
    • 4 beds 3 baths ∙ 2,293 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,293 Sqft ∙ Built 2010
    LEASED 12/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.85
    •  
PROPERTY LISTING DETAILS
Lanea Richardson
1.407.461.2303
Watson Realty Corp
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5901864
Last Updated: 10/27/2020
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