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14917 White Magnolia Ct Orlando, FL 32824

4 Beds 3 Baths 2,000 sqft Built 1991

$345,000

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $172.50
  • 5 Days on Market
  • MLS # : O5929026
  • Updated Date : 03/11/2021 at 10:53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,000 sqft
  • Baths : 3 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

Beautiful Pool Home in Forest Ridge! Price to Sell! This home has some extras that you will appreciate. Cabana Bath in 4th Bedroom with Shower Only. Dining has a Mirrored wall and Sliding Glass door leading to the Lanai. Kitchen cabinets and Pantry have siding shelves for easy access. Built in Shelving in Family Room and Living Room. Master Bathroom has a private toilet area with separate bathtub and Shower stall. . Porcelain Tile is in great condition. Roof was redone about 8 yrs ago. A/C was replaced in 2010. The backyard has a great Large storage shed. Inside of home needs paint and carpet. This home will sell fast. More Pictures to come shortly.

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: Forest Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $105k279k

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

Neighborhood: Forest Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9541744

* 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
Wyndham Lakes Elementary School Primary Regular 856 53 6
Meadow Woods Middle School Middle Regular 1,036 61 3
Cypress Creek High School High Magnet 3,124 148 5

Wyndham Lakes Elementary School

  • Education Level: Primary
  • # of students: 856
  • # of teachers: 53
6
GreatSchools Rating

Meadow Woods Middle School

  • Education Level: Middle
  • # of students: 1,036
  • # of teachers: 61
3
GreatSchools Rating

Cypress Creek High School

  • Education Level: High
  • # of students: 3,124
  • # of teachers: 148
5
GreatSchools Rating
 

$310,500$379,500$345,000

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,198
Property Tax -$386
Property Insurance -$156
HOA -$21
Property Management Fees -$129
CASH FLOW
-$40

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.

$345,000

PROJECTED PRICE

$1,850

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 7.9%
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$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$97,175

INVESTMENT

$97,175

Down Payment
$86,250
Rehab Estimate
$5,750
Closing Costs
$5,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,198

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $86,250
Loan Amount $258,750
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$14,561

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,850

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,840

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8503$1,8504$1,9005$2,100
$2,100
RENT COMPS ANALYSIS
  • 14917 White Magnolia Ct Orlando, FL 3
    • 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 1991
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.93
    •  
  • 14910 Prairie Rose Ct Orlando, FL 1
    • 4 beds 3 baths ∙ 2,044 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,044 Sqft ∙ Built 1993
    property image
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.86
    •  
  • 1654 Caribou Hunt Trl Orlando, FL 2
    • 3 beds 3 baths ∙ 1,944 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,944 Sqft ∙ Built 2003
    property image
    LEASED 08/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.95
    •  
  • 1409 Avleigh Cir Orlando, FL 4
    • 4 beds 3 baths ∙ 2,140 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,140 Sqft ∙ Built 1992
    property image
    LEASED 05/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.89
    •  
  • 1734 Wood Violet Dr Orlando, FL 5
    • 4 beds 3 baths ∙ 2,147 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,147 Sqft ∙ Built 1991
    property image
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.98
    •  
PROPERTY LISTING DETAILS
Bonnie Militello-shear
1.407.399.5208
Exp Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5929026
Last Updated: 03/11/2021
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