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1665 Thetford Cir Orlando, FL 32824

4 Beds 3 Baths 2,447 sqft Built 2015

$392,000

List Price

$2,060

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $160.20
  • 2 Days on Market
  • MLS # : S5047474
  • Updated Date : 03/07/2021 at 00:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,447 sqft
  • Baths : 2 full , 1 half
Listing Agent

Elite Sales Group, Inc

Listing Agent's Description

This is your dream house!! Welcome to Wyndham Lakes Estates.You will fall in love with this magnificent home! Elegant two-story house, 4 bedrooms 2 1/2 bathrooms on this unique oversized Lot, with a preserve area on the back. Upon entering you will be greeted by a completely tiled first floor with a large living/dining room, personalized lighting project, plus an integrated BOSE Sound System, a fancy wood backdrop with a fireplace was especially designed for the Family room, the 1/2 bathroom was completely renovated. The home's kitchen also offers granite counters in addition to stainless steel appliances and a pantry. SMART HOUSE with Google NEST installed, including controlling the A/C thermostat, locking/unlocking the door, cameras. The exterior has an oversized covered patio with an insulated screen porch where you can sit, relax and enjoy the better sunset, as if all this wasn't enough, the bonuses continue, a magnificent summer kitchen and an impressive fenced backyard, with an automated irrigation system that you can control by your cell phone. SOLAR PANELS installed in 2018 included. All 4 bedrooms are located on the second floor, with an upgraded vinyl floor, the master suite includes a walk- in closet and an impressive bathroom with double sink vanity, the laundry room is conveniently located on the second floor with   The community offers an abundance of amenities like the Playground, Club House, a Fitness Center, Aerobics, Swimming Pool, basketball and tennis courts. Great location with easy access to Orlando International Airport, Amusement Parks, shopping and dining.

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: 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
 

$352,800$431,200$392,000

PURCHASE PRICE

$1,854$2,266$2,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,060
EXPENSES Loan Payment -$1,362
Property Tax -$438
Property Insurance -$182
HOA -$100
Property Management Fees -$129
CASH FLOW
-$151

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.

$392,000

PROJECTED PRICE

$2,060

PROJECTED RENT

0.53%

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-$6.0k-$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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$109,630

INVESTMENT

$109,630

Down Payment
$98,000
Rehab Estimate
$5,750
Closing Costs
$5,880

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,362

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $98,000
Loan Amount $294,000
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$8,908

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,060

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $2,049

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,875
1$1,8752$1,9953$2,0604$2,1755$2,195
$2,195
RENT COMPS ANALYSIS
  • 1665 Thetford Cir Orlando, FL 3
    • 4 beds 3 baths ∙ 2,447 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,447 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $2,060
    • $0.84
    •  
  • 1758 Penrith Loop Orlando, FL 1
    • 4 beds 3 baths ∙ 2,428 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,428 Sqft ∙ Built 2013
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.77
    •  
  • 1748 Thetford Cir Orlando, FL 2
    • 4 beds 3 baths ∙ 2,454 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,454 Sqft ∙ Built 2015
    LEASED 01/25/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.81
    •  
  • 1830 Thetford Cir #6 Orlando, FL 4
    • 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 2014
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $0.89
    •  
  • 1598 Thetford Cir Orlando, FL 5
    • 4 beds 3 baths ∙ 2,487 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,487 Sqft ∙ Built 2015
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.88
    •  
PROPERTY LISTING DETAILS
Tiago Fernandez
1.407.747.3476
Elite Sales Group, Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: S5047474
Last Updated: 03/07/2021
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