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1632 Regal River Cir Ocoee, FL 34761

4 Beds 4 Baths 2,786 sqft Built 2017

$365,500

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 2017
  • Price/Sqft : $131.19
  • 24 Days on Market
  • MLS # : O5898012
  • Updated Date : 11/07/2020 at 12:32
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,786 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Heritage Realt

Listing Agent's Description

This stunning two-story 4bed/3.5 bath home is located in the gated community of Crown Pointe Cove. This home comes with an open floor plan, stylish kitchen with stainless steel appliances and 42" wood cabinets. Lovely granite countertops in both the kitchen and master bath. Relax in the master bedroom located on the first floor. Master bath includes large walk in closet and shower, with dual vanities, and a separate toilet area. Spend time with family in the beautiful loft area located upstairs. With a bonus room, and three additional bedrooms, there is plenty of room for the whole family. All three additional bedrooms include walk in closets, with a private bathroom in the fourth bedroom. Dining area has a sliding door leading to the outdoor patio, to relax and enjoy the scenery. Situated in a family-friendly neighborhood, with great convenience to shopping centers, restaurants, and entertainments this home is sure to go fast. Washer/dryer included.

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: Ocoee

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $109k280k

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

Neighborhood: Ocoee

ZipNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9361877

* 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
 

$328,950$402,050$365,500

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,349
Property Tax -$462
Property Insurance -$203
HOA -$143
Property Management Fees -$189
CASH FLOW
-$245

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.

$365,500

PROJECTED PRICE

$2,100

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 4.0%
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-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

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$102,608

INVESTMENT

$102,608

Down Payment
$91,375
Rehab Estimate
$5,750
Closing Costs
$5,483

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,349

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $91,375
Loan Amount $274,125
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$2,026

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,950

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,9753$2,0004$2,1005$2,195
$2,195
RENT COMPS ANALYSIS
  • 1632 Regal River Cir Ocoee, FL 4
    • 4 beds 4 baths ∙ 2,786 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,786 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.75
    •  
  • 3157 Daymark Ter Ocoee, FL 1
    • 4 beds 3 baths ∙ 2,801 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,801 Sqft ∙ Built 2005
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.57
    •  
  • 1078 Woodson Hammock Cir Winter Garden, FL 2
    • 4 beds 2 baths ∙ 2,505 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,505 Sqft ∙ Built 2001
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.79
    •  
  • 2698 Migliara Ln Ocoee, FL 3
    • 4 beds 3 baths ∙ 2,730 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,730 Sqft ∙ Built 2006
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.73
    •  
  • 148 Hopewell Dr Ocoee, FL 5
    • 5 beds 3 baths ∙ 3,083 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,083 Sqft ∙ Built 2006
    LEASED 10/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.71
    •  
PROPERTY LISTING DETAILS
Tasha Figaro
1.321.704.6969
Keller Williams Heritage Realt
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5898012
Last Updated: 11/07/2020
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