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14813 Sussex Dr Orlando, FL 32826

3 Beds 2 Baths 936 sqft Built 1984

$210,000

List Price

$1,300

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $224.36
  • 3 Days on Market
  • MLS # : O5928017
  • Updated Date : 03/06/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 936 sqft
  • Baths : 2 full
Listing Agent

All Real Estate & Investments

Listing Agent's Description

WELCOME HOME to this adorable East Orlando home, just minutes to UCF! You will immediately notice the beautiful wooded area surrounding the property, giving a sense of peace and tranquility as you arrive home. The light and bright, open floor plan features a living room, dining room combo with views of the beautiful backyard through the large glass sliding doors. The kitchen features plenty of cabinetry and storage, tile flooring, a newer dishwasher + microwave and opens up to the dining room and backyard. The spacious master bedroom is located on the backside of the property with gorgeous tropical views outside of each window creating a sense of privacy and retreat. Other features include a Newer Roof & Gutters (2018), New Air Handler (2020), Added AC Vent and Return in Garage, Replaced Septic Pump (2016), Full Re-Plumb (2007) and more. Schedule a showing today at this wonderful Orlando home!

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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 of Central Florida

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240kPrice in $105k253k

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

Neighborhood: University of Central Florida

ZipNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8311872

* 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
Bonneville Elementary School Primary Regular 569 40 4
Corner Lake Middle School Middle Regular 1,220 68 3
East River High School High Regular 1,957 96 5

Bonneville Elementary School

  • Education Level: Primary
  • # of students: 569
  • # of teachers: 40
4
GreatSchools Rating

Corner Lake Middle School

  • Education Level: Middle
  • # of students: 1,220
  • # of teachers: 68
3
GreatSchools Rating

East River High School

  • Education Level: High
  • # of students: 1,957
  • # of teachers: 96
5
GreatSchools Rating
 

$189,000$231,000$210,000

PURCHASE PRICE

$1,170$1,430$1,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,300
EXPENSES Loan Payment -$729
Property Tax -$239
Property Insurance -$92
Property Management Fees -$129
CASH FLOW
$111

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.

$210,000

PROJECTED PRICE

$1,300

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 11.6%
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

PROJECTED ANNUAL CASH FLOW

11530$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,400

INVESTMENT

$61,400

Down Payment
$52,500
Rehab Estimate
$5,750
Closing Costs
$3,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$729

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $52,500
Loan Amount $157,500
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$20,722

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,300

    LIST RENT
  • $1.39

    LIST RENT PER SQFT
  • $1,198

    COMP ESTIMATED VALUE
  • $1.28

    COMP AVG. RENT PER SQFT
Comps Range
$1,225
1$1,2252$1,3003$1,5494$1,5505$1,650
$1,650
RENT COMPS ANALYSIS
  • 14813 Sussex Dr Orlando, FL 2
    • 3 beds 2 baths ∙ 936 Sqft ∙ Built 1984 3 beds 2 baths ∙ 936 Sqft ∙ Built 1984
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.39
    •  
  • 2848 Newcomb Ct Orlando, FL 1
    • 3 beds 1 baths ∙ 1,026 Sqft ∙ Built 1980 3 beds 1 baths ∙ 1,026 Sqft ∙ Built 1980
    property image
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,225
    • $1.19
    •  
  • 13731 Glasser Ave Orlando, FL 3
    • 3 beds 2 baths ∙ 1,184 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,184 Sqft ∙ Built 1998
    property image
    LEASED 02/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,549
    • $1.31
    •  
  • 2779 Nattie Ct Orlando, FL 4
    • 3 beds 2 baths ∙ 1,184 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,184 Sqft ∙ Built 1984
    property image
    LEASED 11/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.31
    •  
  • 14002 Ithaca Way Orlando, FL 5
    • 3 beds 2 baths ∙ 1,263 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,263 Sqft ∙ Built 1992
    property image
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.31
    •  
PROPERTY LISTING DETAILS
Lindsey Hahn
1.847.951.1933
All Real Estate & Investments
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5928017
Last Updated: 03/06/2021
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