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14736 Burntwood Cir Orlando, FL 32826

4 Beds 3 Baths 2,614 sqft Built 1993

$389,000

List Price

$2,250

$2K - $2.5K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $148.81
  • 2 Days on Market
  • MLS # : O5906091
  • Updated Date : 11/15/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,614 sqft
  • Baths : 3 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

Beautiful 4 bed, 3 bathroom, two-story home in the wonderful community of University Estates! Upon entering this home one will immediately notice its spacious living room with high ceilings, decorative fireplace, arched windows and formal dining room. The main level also features a large, open kitchen that boasts stainless steel appliances, granite countertops, a center island, and an eat-in kitchen nook. The spacious family room is designed with french doors leading to the outdoor space. The second story of the home features the primary bedroom and a private bathroom with double vanity sinks, garden bathtub, a separate tiled shower, and a walk-in closet. Outside the primary bedroom are 3 generously sized bedrooms, and a full bathroom. The outdoor space includes a covered patio that overlooks the large backyard. University Estates is conveniently located near SR 417, SR 408, and is an easy commute downtown Orlando, Orlando International Airport, University of Central Florida (UCF), Research Park, and Waterford Lakes Town Center.

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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: University Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $105k468k

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

Neighborhood: University Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10292873

* 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
 

$350,100$427,900$389,000

PURCHASE PRICE

$2,025$2,475$2,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,250
EXPENSES Loan Payment -$1,435
Property Tax -$442
Property Insurance -$192
HOA -$78
Property Management Fees -$203
CASH FLOW
-$101

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.

$389,000

PROJECTED PRICE

$2,250

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 5.0%
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$10k$12k

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$108,835

INVESTMENT

$108,835

Down Payment
$97,250
Rehab Estimate
$5,750
Closing Costs
$5,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,435

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $97,250
Loan Amount $291,750
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$12,651

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,250

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,483

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$2,195
1$2,1952$2,2503$2,4004$2,4335$2,650
$2,650
RENT COMPS ANALYSIS
  • 14736 Burntwood Cir Orlando, FL 2
    • 4 beds 3 baths ∙ 2,614 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,614 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.86
    •  
  • 14922 Lymington Cir Orlando, FL 1
    • 4 beds 3 baths ∙ 2,457 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,457 Sqft ∙ Built 1994
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.89
    •  
  • 14606 Gainesborough Dr Orlando, FL 3
    • 4 beds 3 baths ∙ 2,449 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,449 Sqft ∙ Built 1993
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.98
    •  
  • 4907 Blackburn Ct #1 Orlando, FL 4
    • 4 beds 3 baths ∙ 2,533 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,533 Sqft ∙ Built 1995
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,433
    • $0.96
    •  
  • 14360 Stamford Cir Orlando, FL 5
    • 4 beds 4 baths ∙ 2,727 Sqft ∙ Built 1993 4 beds 4 baths ∙ 2,727 Sqft ∙ Built 1993
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.97
    •  
PROPERTY LISTING DETAILS
Veronica Figueroa
1.407.329.9500
Exp Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5906091
Last Updated: 11/15/2020
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