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1717 Sir John Ct Orlando, FL 32837

4 Beds 2 Baths 1,972 sqft Built 1996

INVESTimate

$340,000

List Price

$1,820

$1,638 - $2,002

Rent Est.

$364,378  ( +7.17%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1996
  • Price/Sqft : $172.41
  • 5 Days on Market
  • MLS # : S5038658
  • Updated Date : 08/25/2020 at 16:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,972 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

Location is everything,This beautiful 4 bedroom home is located near the desired Hunter's Creek area where you will have the pleasure to enjoy many restaurants, shopping centers, Big shopping malls, and it is just a few minutes away from Orlando int Airport and many other attractions. Totally upgraded, hurricane windows, sliding door, Travertine floors trough-out, enclosed patio, and New extended kitchen & bathroom cabinets with quartz counter tops. Home is Well maintained and has a fenced-in backyard. Contemporary design with kitchen, dining room and living room connected and open as one great room. Dual sinks in the master bath and separate his/hers closets. Make your appointment today!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Zip Code: 32837

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $105k292k

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

Zip Code: 32837

ZipNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10191924

* 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
 

$306,000$374,000$340,000

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,254
Property Tax -$380
Property Insurance -$154
HOA -$29
Property Management Fees -$164
CASH FLOW
-$162

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.

$340,000

PROJECTED PRICE

$1,820

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 7.17%
Maintenance Year (1-5) 8.00%
Vacancy 6.01%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,850

INVESTMENT

$95,850

Down Payment
$85,000
Rehab Estimate
$5,750
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,254

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $85,000
Loan Amount $255,000
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$5,507

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,883

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,675
1$1,6752$1,8203$1,8454$1,9105$2,100
$2,100
RENT COMPS ANALYSIS
  • 1717 Sir John Ct Orlando, 2
    • 4 beds 2 baths ∙ 1,972 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,972 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $0.92
    •  
  • 12324 Beacontree Way Orlando, 1
    • 4 beds 3 baths ∙ 1,986 Sqft ∙ Built 1995 4 beds 3 baths ∙ 1,986 Sqft ∙ Built 1995
    LEASED 04/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.84
    •  
  • 1405 Bradwell Dr Orlando, 3
    • 4 beds 2 baths ∙ 1,969 Sqft ∙ Built 1990 4 beds 2 baths ∙ 1,969 Sqft ∙ Built 1990
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,845
    • $0.94
    •  
  • 1715 Acker St Orlando, 4
    • 3 beds 2 baths ∙ 1,825 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,825 Sqft ∙ Built 1995
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $1.05
    •  
  • 12602 Beltingle Ct #11 Orlando, 5
    • 4 beds 2 baths ∙ 2,112 Sqft ∙ Built 1990 4 beds 2 baths ∙ 2,112 Sqft ∙ Built 1990
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.99
    •  
PROPERTY LISTING DETAILS
Antonio Fuentes, Jr
1.407.288.5182
Exp Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: S5038658
Last Updated: 08/25/2020
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