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14902 Faversham Cir Orlando, FL 32826

4 Beds 3 Baths 2,427 sqft Built 1994

$474,900

List Price

$2,200

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $195.67
  • 2 Days on Market
  • MLS # : O5926619
  • Updated Date : 02/28/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,427 sqft
  • Baths : 3 full
Listing Agent

Solantis Llc

Listing Agent's Description

Welcome to your new home in University Estates! This is a large home with 4 bedrooms and 3 full bathrooms ready to create new experiences and memories. Enjoy Florida living in the screened in pool and covered patio. Indoors, you will enjoy newly finished large interior. The split plan will insure quiet privacy for everyone but vivacious get-togethers in the expansive common living areas that are sure to include everyone. Let's not forget.. 3-car garage! And, location? Well, it's convenient to everything... UCF, Seminole State, Siemens, Research Park, medical, shopping, groceries, restaurants, everything! This one is a must-see to believe! Don't miss out! Make it HOME before it's GONE!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

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
East Lake Elementary School Primary Regular 735 48 6
Corner Lake Middle School Middle Regular 1,220 68 3
East River High School High Regular 1,957 96 5

East Lake Elementary School

  • Education Level: Primary
  • # of students: 735
  • # of teachers: 48
6
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
 

$427,410$522,390$474,900

PURCHASE PRICE

$1,980$2,420$2,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,200
EXPENSES Loan Payment -$1,650
Property Tax -$540
Property Insurance -$181
HOA -$78
Property Management Fees -$129
CASH FLOW
-$378

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.

$474,900

PROJECTED PRICE

$2,200

PROJECTED RENT

0.46%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$131,599

INVESTMENT

$131,599

Down Payment
$118,725
Rehab Estimate
$5,750
Closing Costs
$7,124

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,650

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $118,725
Loan Amount $356,175
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$3,981

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,200

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $2,196

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,844
1$1,8442$2,1953$2,2004$2,3825$2,400
$2,400
RENT COMPS ANALYSIS
  • 14902 Faversham Cir Orlando, FL 3
    • 4 beds 3 baths ∙ 2,427 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,427 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.91
    •  
  • 4725 Willamette Cir Orlando, FL 1
    • 4 beds 3 baths ∙ 2,272 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,272 Sqft ∙ Built 2002
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,844
    • $0.81
    •  
  • 14922 Lymington Cir Orlando, FL 2
    • 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
    •  
  • 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 12/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,382
    • $0.94
    •  
  • 14606 Gainesborough Dr Orlando, FL 5
    • 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
    •  
PROPERTY LISTING DETAILS
Mario Guevara
1.407.929.1571
Solantis Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5926619
Last Updated: 02/28/2021
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