Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1769 Bobtail Dr Maitland, FL 32751

3 Beds 2 Baths 1,822 sqft Built 1998

$300,000

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $164.65
  • 44 Days on Market
  • MLS # : O5905080
  • Updated Date : 02/13/2021 at 13:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,822 sqft
  • Baths : 2 full
Listing Agent

Open Key Management Inc

Listing Agent's Description

This property is the perfect blank slate for your new upgrades! Situated in the Winfield At Maitland Park community this home has the perfect commute for those working downtown or in the Maitland Business Centers. With 3 bedrooms and 2 bathrooms, this 1,822 square foot home is perfect for renters and anyone looking for a place to call home. As we step inside we are greeted with the formal living room to the left and beautiful chandeliers. Moving farther into the home you will find the kitchen equipped with a breakfast bar and sunny dinette as well as the laundry room hidden behind closet doors. Past the kitchen, you will find the formal dining area segmented by its own walls and the family room with soaring vaulted ceilings. From here the home offers a split floorplan with two bedrooms to the left that share a bath and the master suite to the right that boasts a deep walk-in closet and luxurious master bath. Stepping out onto the patio you will find a very quiet and private space to relax under your screened in patio. For more information or to schedule a private showing call today!

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: Winfield

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k328k

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

Neighborhood: Winfield

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100220023002400Rent in $10282428

* 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
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$1,042
Property Tax -$322
Property Insurance -$145
HOA -$50
Property Management Fees -$129
CASH FLOW
$182

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.

$300,000

PROJECTED PRICE

$1,870

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 5.2%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

8.08

YEARS SAVED

$31,341

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,870

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,899

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6053$1,8704$2,0005$2,500
$2,500
RENT COMPS ANALYSIS
  • 1769 Bobtail Dr Maitland, FL 3
    • 3 beds 2 baths ∙ 1,822 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,822 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $1.03
    •  
  • 6829 Alpert Dr #1 Orlando, FL 1
    • 4 beds 2 baths ∙ 1,577 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,577 Sqft ∙ Built 1980
    property image
    LEASED 10/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.98
    •  
  • 5513 Shasta Dr Orlando, FL 2
    • 3 beds 2 baths ∙ 1,707 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,707 Sqft ∙ Built 1979
    property image
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,605
    • $0.94
    •  
  • 7915 Chartreux Ln #2 Maitland, FL 4
    • 4 beds 3 baths ∙ 2,042 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,042 Sqft ∙ Built 1997
    property image
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.98
    •  
  • 2064 Bobtail Dr Maitland, FL 5
    • 3 beds 3 baths ∙ 1,964 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,964 Sqft ∙ Built 1995
    property image
    LEASED 02/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.27
    •  
PROPERTY LISTING DETAILS
Esteban Rivera
1.407.326.8826
Open Key Management Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5905080
Last Updated: 02/13/2021
BESbswy