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1579 Cheshire Oaks Ln Orlando, FL 32825

3 Beds 3 Baths 2,020 sqft Built 2018

$415,000

List Price

$1,940

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $205.45
  • 3 Days on Market
  • MLS # : O5932876
  • Updated Date : 03/27/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,020 sqft
  • Baths : 2 full , 1 half
Listing Agent

Bex Realty, Llc

Listing Agent's Description

Almost NEW 2000 Square Foot home ready to move in! Lots of upgrades like " California" Closets, custom window shades, Bahama Shutters, gorgeous tranquil backyard with professional landscaping, surrounded by fenced yard for your furry friends. Owners suite is situated privately in the back of the home and has dual Walk-in Closets and dual vanities of this Bailey. Located directly off of Lake Underhill Road, this community is less than 1.5 miles from the SR-417/ SR-408 interchange, providing easy access to major employment centers.

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: Alafaya

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $105k331k

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

Neighborhood: Alafaya

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9202089

* 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
Cypress Springs Elementary School Primary Regular 758 53 9
Legacy Middle School Middle Regular 974 49 3
University High School High Magnet 3,111 141 5

Cypress Springs Elementary School

  • Education Level: Primary
  • # of students: 758
  • # of teachers: 53
9
GreatSchools Rating

Legacy Middle School

  • Education Level: Middle
  • # of students: 974
  • # of teachers: 49
3
GreatSchools Rating

University High School

  • Education Level: High
  • # of students: 3,111
  • # of teachers: 141
5
GreatSchools Rating
 

$373,500$456,500$415,000

PURCHASE PRICE

$1,746$2,134$1,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,940
EXPENSES Loan Payment -$1,441
Property Tax -$472
Property Insurance -$157
HOA -$100
Property Management Fees -$129
CASH FLOW
-$359

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.

$415,000

PROJECTED PRICE

$1,940

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 8.0%
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-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,441

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$2,586

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,940

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $2,000

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8003$1,8664$1,8955$1,940
$1,940
RENT COMPS ANALYSIS
  • 1579 Cheshire Oaks Ln Orlando, FL 5
    • 3 beds 3 baths ∙ 2,020 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,020 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $0.96
    •  
  • 10836 Leader Ln Orlando, FL 1
    • 3 beds 2 baths ∙ 1,823 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,823 Sqft ∙ Built 2001
    LEASED 01/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.99
    •  
  • 413 Casting Ct Orlando, FL 2
    • 4 beds 2 baths ∙ 1,960 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,960 Sqft ∙ Built 2001
    LEASED 03/11/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.92
    •  
  • 11203 Spinning Reel Cir Orlando, FL 3
    • 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 2002
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,866
    • $1.02
    •  
  • 10600 Kresge Ct Orlando, FL 4
    • 4 beds 2 baths ∙ 1,835 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,835 Sqft ∙ Built 1998
    LEASED 01/13/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.03
    •  
PROPERTY LISTING DETAILS
Chase Morton Tate
1.407.476.8855
Bex Realty, Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5932876
Last Updated: 03/27/2021
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