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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: University Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$108,305
LOAN DETAILS
$1,428
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $96,750 |
| Loan Amount | $290,250 |
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
-
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
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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
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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
1.407.474.2241
Watson Realty Corp
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5913062
Last Updated: 12/26/2020
