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16729 Cedar Run Dr Orlando, FL 32828

4 Beds 2 Baths 2,000 sqft Built 2006

$335,000

List Price

$1,890

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $167.50
  • 3 Days on Market
  • MLS # : O5913059
  • Updated Date : 01/01/2021 at 18:22
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,000 sqft
  • Baths : 2 full
Listing Agent

Watson Realty Corp

Listing Agent's Description

Welcome Home to 16729 Cedar Run Drive! This 4 Bedroom, 2 Bathroom turn-key home was built by Beazer Homes and is located in the sought after gated community of Timber Isle. From the moment you pull up you will notice beautiful curb appeal, gorgeous brick paved driveway, lush landscape, stone accents, and the freshly painted exterior. The Original Homeowners spared no expense in the construction and upgrades in this move-in ready masterpiece. As you enter the Foyer, there is the perfect space for gatherings in your Formal Living & Dining rooms with beautiful new wood flooring. You will be impressed by the Kitchen with upgraded cabinetry, newer stainless steel appliances, large pantry, and open concept Family Room. The French Doors of the Family Room open up to your own Florida Paradise. The large fenced corner lot allows your family room to enjoy Florida Living! Other noticeable upgrades include wood flooring, upgraded lighting fixtures, arches, vaulted ceilings, garden tub, freshly painted interior / exterior, upgraded vanities, privacy fence, security cameras, ceiling fans, upgraded bathroom tile, upgraded vanities, large secondary bedrooms, and generously sized laundry room. This GATED community is close to Waterford Lakes Town Center, Top Rated Orange County Schools, University of Central Florida, Downtown Avalon Park and major highways. Community amenities include tennis & racquetball court, a pavilion for outdoor gatherings and a community playground. This is not just a home...it is a lifestyle!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Timber Isle

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $105k395k

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

Neighborhood: Timber Isle

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10292129

* 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
Timber Lakes Elementary School Primary Regular 897 59 9
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Timber Creek High School High Regular 3,132 161 8

Timber Lakes Elementary School

  • Education Level: Primary
  • # of students: 897
  • # of teachers: 59
9
GreatSchools Rating

Cornerstone Charter Academy K-8

  • Education Level: Middle
  • # of students: 933
  • # of teachers: 52
7
GreatSchools Rating

Timber Creek High School

  • Education Level: High
  • # of students: 3,132
  • # of teachers: 161
8
GreatSchools Rating
 

$301,500$368,500$335,000

PURCHASE PRICE

$1,701$2,079$1,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,890
EXPENSES Loan Payment -$1,236
Property Tax -$381
Property Insurance -$156
HOA -$95
Property Management Fees -$129
CASH FLOW
-$107

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.

$335,000

PROJECTED PRICE

$1,890

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 5.6%
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

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$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,236

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

3.83

YEARS SAVED

$13,878

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,890

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,900

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7953$1,8004$1,8905$2,100
$2,100
RENT COMPS ANALYSIS
  • 16729 Cedar Run Dr Orlando, FL 4
    • 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.95
    •  
  • 16661 Deer Chase Loop Orlando, FL 1
    • 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 2005
    property image
    LEASED 12/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.88
    •  
  • 16650 Cedar Run Dr Orlando, FL 2
    • 4 beds 3 baths ∙ 1,828 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,828 Sqft ∙ Built 2006
    property image
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.98
    •  
  • 16327 Old Ash Loop Orlando, FL 3
    • 5 beds 3 baths ∙ 1,964 Sqft ∙ Built 2005 5 beds 3 baths ∙ 1,964 Sqft ∙ Built 2005
    property image
    LEASED 10/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.92
    •  
  • 16561 Cedar Run Dr Orlando, FL 5
    • 3 beds 2 baths ∙ 2,052 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,052 Sqft ∙ Built 2006
    property image
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.02
    •  
PROPERTY LISTING DETAILS
Jim Wright
1.407.474.2241
Watson Realty Corp
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5913059
Last Updated: 01/01/2021
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