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16950 Deer Oak Ln Orlando, FL 32828

4 Beds 3 Baths 2,848 sqft Built 2006

$384,480

List Price

$2,110

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $135.00
  • 6 Days on Market
  • MLS # : O5902685
  • Updated Date : 10/30/2020 at 07:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,848 sqft
  • Baths : 3 full
Listing Agent

Fusilier Management Group

Listing Agent's Description

This large home located in the gated community of Timber Isle features, formal living and dining room area, a large kitchen with stainless steel appliances, breakfast counter and eating space, it also opens up to the family room area with a beautiful lake view. The master suite features a seating area and a spacious master bathroom with his/her closets , upstairs laundry room, and a large bonus room! This gated community is located four miles from the Waterford Lakes Town Center. NEW AC INSTALLED IN SEPTEMBER 2020/EXTERIOR PAINTED NOVEMBER 2019.

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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: 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
 

$346,032$422,928$384,480

PURCHASE PRICE

$1,899$2,321$2,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,110
EXPENSES Loan Payment -$1,419
Property Tax -$437
Property Insurance -$206
HOA -$93
Property Management Fees -$190
CASH FLOW
-$235

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.

$384,480

PROJECTED PRICE

$2,110

PROJECTED RENT

0.55%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$107,637

INVESTMENT

$107,637

Down Payment
$96,120
Rehab Estimate
$5,750
Closing Costs
$5,767

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,419

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $96,120
Loan Amount $288,360
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$4,556

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,110

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $2,172

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,1103$2,1504$2,1955$2,300
$2,300
RENT COMPS ANALYSIS
  • 16950 Deer Oak Ln Orlando, FL 2
    • 4 beds 3 baths ∙ 2,848 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,848 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,110
    • $0.74
    •  
  • 16267 Tudor Grove Dr Orlando, FL 1
    • 5 beds 3 baths ∙ 2,915 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,915 Sqft ∙ Built 2005
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.68
    •  
  • 15924 Birchwood Way Orlando, FL 3
    • 4 beds 3 baths ∙ 2,682 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,682 Sqft ∙ Built 2005
    property image
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.80
    •  
  • 14397 Paradise Tree Dr Orlando, FL 4
    • 5 beds 3 baths ∙ 2,778 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,778 Sqft ∙ Built 2005
    property image
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.79
    •  
  • 906 Spring Oak Cir Orlando, FL 5
    • 4 beds 3 baths ∙ 2,951 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,951 Sqft ∙ Built 2006
    property image
    LEASED 05/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.78
    •  
PROPERTY LISTING DETAILS
Lourdes Valdes
1.407.234.1955
Fusilier Management Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5902685
Last Updated: 10/30/2020
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