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1623 Thetford Cir Orlando, FL 32824

4 Beds 3 Baths 2,006 sqft Built 2015

$354,900

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $176.92
  • 2 Days on Market
  • MLS # : S5046176
  • Updated Date : 02/07/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,006 sqft
  • Baths : 3 full
Listing Agent

La Rosa Realty Orlando Llc

Listing Agent's Description

This amazing Home starts with 4 bedrooms and 3 bathrooms with 2006 square feet. It flows with an open concept in the common areas and privacy when it comes to the sleeping quarters. It has a master bedroom with a walk in closets. The master bedroom features a shower and separate oversize tub for the days you want to relax and have a glass of wine. Bedroom 4 also has a bathroom for your guest or to be used as an in-law suite. The back yard features an over sized screen porch great for entertaining or just sitting down and reading a good book. The Roof was recently done less than a month ago. The rest of the yard is styling with pavers that making maintenance in the backyard easy and simple. Thats not all. The amenities in this community are amazing as well. The community has a Clubhouse for parties and gatherings, Large pool, state of the art fitness center, tennis courts with lights, basketball courts with light, playground, Restaurant, local convenience store and even Ice cream parlor. This community is in the sought out zip code 32824 and is close to 417 and the turnpike. 12 minutes from the Airport oert and 10 minutes from the coming soon Lake nona Shopping Plaza.

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: Wyndham Lakes Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $105k321k

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

Neighborhood: Wyndham Lakes Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10282074

* 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
South Creek Middle School Middle Regular 949 54 4
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

South Creek Middle School

  • Education Level: Middle
  • # of students: 949
  • # of teachers: 54
4
GreatSchools Rating

Cypress Creek High School

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

$319,410$390,390$354,900

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,233
Property Tax -$397
Property Insurance -$156
HOA -$100
Property Management Fees -$129
CASH FLOW
-$65

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.

$354,900

PROJECTED PRICE

$1,950

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 4.2%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$99,799

INVESTMENT

$99,799

Down Payment
$88,725
Rehab Estimate
$5,750
Closing Costs
$5,324

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,233

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $88,725
Loan Amount $266,175
See What Happens When You Reinvest Cash Flow

3.83

YEARS SAVED

$12,563

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,946

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9503$1,9504$2,0005$2,000
$2,000
RENT COMPS ANALYSIS
  • 1623 Thetford Cir Orlando, FL 3
    • 4 beds 3 baths ∙ 2,006 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,006 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.97
    •  
  • 2728 Youngford St #2 Orlando, FL 1
    • 4 beds 3 baths ∙ 2,027 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,027 Sqft ∙ Built 2010
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.94
    •  
  • 14235 Gold Bridge Dr Orlando, FL 2
    • 4 beds 3 baths ∙ 1,979 Sqft ∙ Built 2017 4 beds 3 baths ∙ 1,979 Sqft ∙ Built 2017
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.99
    •  
  • 1904 Thetford Cir Orlando, FL 4
    • 4 beds 3 baths ∙ 2,032 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,032 Sqft ∙ Built 2013
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.98
    •  
  • 14127 Gold Bridge Dr Orlando, FL 5
    • 4 beds 3 baths ∙ 2,061 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,061 Sqft ∙ Built 2016
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.97
    •  
PROPERTY LISTING DETAILS
Rey Zapata
1.407.288.7384
La Rosa Realty Orlando Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: S5046176
Last Updated: 02/07/2021
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