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14911 Oldham Dr #2 Orlando, FL 32826

4 Beds 3 Baths 2,600 sqft Built 1995

$387,000

List Price

$2,420

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

December 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $148.85
  • 5 Days on Market
  • MLS # : O5913062
  • Updated Date : 12/26/2020 at 17:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,600 sqft
  • Baths : 3 full
Listing Agent

Watson Realty Corp

Listing Agent's Description

Welcome home to 14911 Oldham Drive! This home is an impeccably maintained 4 Bedroom, 3 Bathroom, + Office Executive Home built by Engle Homes in sought after University Estates! This gorgeous property displays pride of ownership throughout the 2,600 Sq feet of living area, and the large .25 Acre Lot with a private pool is perfect for entertaining! The convenient 3-way split floorplan with an oversized garage makes it a perfect choice for your family. The many upgrades include new quartz countertops, newer stainless steel appliances, newly installed 42" white cabinetry, new carpeting, new bathroom vanities, new bathroom quartz countertops, new faucets and sinks in bathrooms, freshly painted interior, New Roof in 2019, soaring 11-foot ceilings, newer AC system, upgraded security system, extended patio, large open kitchen, walk in pantry, all appliances included, newer pool pump, new garage door, large walk in closets in the master bedroom, his and her sinks, garden tub, mature landscaping and more. University Estates Community offers 374 homesites nestled into mature landscaping with pristine views. Community amenities include a pool, cabana, tennis court, ponds, basketball court, playground, and gorgeous conservation. Located Conveniently near UCF, Research Park, Siemens, Shopping, Recreation, and easy highway access and more! Call today to schedule your showing

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: 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
 

$348,300$425,700$387,000

PURCHASE PRICE

$2,178$2,662$2,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,420
EXPENSES Loan Payment -$1,428
Property Tax -$468
Property Insurance -$192
HOA -$78
Property Management Fees -$129
CASH FLOW
$125

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.

$387,000

PROJECTED PRICE

$2,420

PROJECTED RENT

0.63%

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$108,305

INVESTMENT

$108,305

Down Payment
$96,750
Rehab Estimate
$5,750
Closing Costs
$5,805

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,428

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $96,750
Loan Amount $290,250
See What Happens When You Reinvest Cash Flow

7.17

YEARS SAVED

$39,340

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,420

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $2,412

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$2,195
1$2,1952$2,3003$2,3824$2,4205$2,650
$2,650
RENT COMPS ANALYSIS
  • 14911 Oldham Dr #2 Orlando, FL 4
    • 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,420
    • $0.93
    •  
  • 14922 Lymington Cir Orlando, FL 1
    • 4 beds 3 baths ∙ 2,457 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,457 Sqft ∙ Built 1994
    property image
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.89
    •  
  • 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
    property image
    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
    property image
    LEASED 12/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,382
    • $0.94
    •  
  • 14360 Stamford Cir Orlando, FL 5
    • 4 beds 4 baths ∙ 2,727 Sqft ∙ Built 1993 4 beds 4 baths ∙ 2,727 Sqft ∙ Built 1993
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.97
    •  
PROPERTY LISTING DETAILS
Jim Wright
1.407.474.2241
Watson Realty Corp
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5913062
Last Updated: 12/26/2020
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