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14909 Faversham Cir Orlando, FL 32826

4 Beds 3 Baths 2,710 sqft Built 1994

$389,900

List Price

$2,290

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $143.87
  • 3 Days on Market
  • MLS # : O5929273
  • Updated Date : 03/13/2021 at 16:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,710 sqft
  • Baths : 2 full , 1 half
Listing Agent

Future Home Realty Inc

Listing Agent's Description

Welcome home! Located in a desirable community of University Estates, THIS 4 BEDROOM 2.5 BATHROOM fantastic home has it all: abundance of space, open 2-story floor plan and a large back yard with a screened patio. This elegant home has been very well maintained and definitely provides a comfortable living for all the members of your household! This house boasts a functional open concept with tons of natural light and fabulous vaulted ceilings! As you enter through the tiled foyer, your formal living room and dining room are to the right both with laminate flooring. The formal dining room has a view of the backyard. The gourmet kitchen is very spacious with plenty of cabinet space, a breakfast bar, stainless steel appliances, recessed lights and a breakfast nook! Relax in the spacious family room with a fire place and sliding glass doors that lead to the cozy Florida room. The second story of the home overlooks the foyer and formal living room. Featuring a huge Master bedroom with mirrored sliding glass doors that lead to the large walk in closet. Enjoy your private bathroom with two separate vanities, a garden bath tub and a separate walk-in shower. Also located on the second floor are three additional generously sized bedrooms, and a full bathroom all with ceramic tile floors and ceiling fans in all bedrooms. You'll love entertaining in the screened in lanai overlooking the large backyard. New A/C in 2019, new roof in 2015, and newer water heater makes this home turn key ready! Live the Florida lifestyle in this tree lined community with a community pool, tennis and basketball courts, playground, beautiful ponds and dog walking trails. Just minutes to Research Parkway, Siemens , UCF (one of the largest universities in the country). Close to SR 408, SR 417 and major shopping areas. Call for your private tour today!

SEE MORE

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
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
 

$350,910$428,890$389,900

PURCHASE PRICE

$2,061$2,519$2,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,290
EXPENSES Loan Payment -$1,354
Property Tax -$443
Property Insurance -$198
HOA -$78
Property Management Fees -$129
CASH FLOW
$87

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.

$389,900

PROJECTED PRICE

$2,290

PROJECTED RENT

0.59%

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$0.0$5.0k$10k$15k$20k

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$109,074

INVESTMENT

$109,074

Down Payment
$97,475
Rehab Estimate
$5,750
Closing Costs
$5,849

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,354

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $97,475
Loan Amount $292,425
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$29,288

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,290

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,493

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$2,290
1$2,2902$2,3003$2,3824$2,5005$2,650
$2,650
RENT COMPS ANALYSIS
  • 14909 Faversham Cir Orlando, FL 1
    • 4 beds 3 baths ∙ 2,710 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,710 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $2,290
    • $0.85
    •  
  • 4338 Northern Dancer Way Orlando, FL 2
    • 4 beds 3 baths ∙ 2,519 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,519 Sqft ∙ Built 2003
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.91
    •  
  • 4907 Blackburn Ct #1 Orlando, FL 3
    • 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
    •  
  • 14815 Oldham Dr Orlando, FL 4
    • 5 beds 4 baths ∙ 2,908 Sqft ∙ Built 1996 5 beds 4 baths ∙ 2,908 Sqft ∙ Built 1996
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.86
    •  
  • 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
Irina Paul
1.407.432.0941
Future Home Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5929273
Last Updated: 03/13/2021
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