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18037 Falcon Green Ct Orlando, FL 32820

4 Beds 3 Baths 2,483 sqft Built 2005

$344,900

List Price

$1,920

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 06, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $138.90
  • 2 Days on Market
  • MLS # : O5907974
  • Updated Date : 12/06/2020 at 00:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,483 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Advantage Realty

Listing Agent's Description

Spacious 4 BR/3 BA home on a quiet cul-de-sac with a large back yard facing a conservation reserve in Cypress Lakes Community. A rare find with a balance of open concept for kitchen, breakfast nook, and family room, with separate formal dining and living room space great for entertaining. On the second level, you will find the large Master bedroom with an ensuite bathroom (separate shower and garden tub) and a huge walk-in closet. There are 3 additional spacious bedrooms and a full bathroom on the second level as well. Enjoy the spacious backyard with room to add a pool, entertain, or plant a garden. The roof was replaced in 2019 and the exterior has been painted in 2019 in a modern color palette. The AC has been maintained and recently repaired. The hot water heater has a new heating element. Enjoy all that Cypress Lakes community has to offer; community clubhouse with a fitness center and Olympic size pool, water slide, and toddler fountain pool. Also included are 2 tennis courts, 2 fenced dog parks (one for small and one for larger breeds), basketball courts, and 2 separate playgrounds.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Cypress Lakes East

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $105k397k

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

Neighborhood: Cypress Lakes East

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10282207

* 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
Columbia Elementary School Primary Regular 1,078 69 8
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Columbia Elementary School

  • Education Level: Primary
  • # of students: 1,078
  • # of teachers: 69
8
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
 

$310,410$379,390$344,900

PURCHASE PRICE

$1,728$2,112$1,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$1,273
Property Tax -$392
Property Insurance -$185
HOA -$56
Property Management Fees -$129
CASH FLOW
-$114

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.

$344,900

PROJECTED PRICE

$1,920

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 6.5%
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-$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$97,149

INVESTMENT

$97,149

Down Payment
$86,225
Rehab Estimate
$5,750
Closing Costs
$5,174

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,273

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $86,225
Loan Amount $258,675
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$11,833

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,920

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,719

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5953$1,6504$1,8755$1,920
$1,920
RENT COMPS ANALYSIS
  • 18037 Falcon Green Ct Orlando, FL 5
    • 4 beds 3 baths ∙ 2,483 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,483 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,920
    • $0.77
    •  
  • 1977 Hammock Moss Dr Orlando, FL 1
    • 4 beds 3 baths ∙ 2,293 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,293 Sqft ∙ Built 2001
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.68
    •  
  • 17830 Golden Leaf Ln Orlando, FL 2
    • 4 beds 3 baths ∙ 2,638 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,638 Sqft ∙ Built 2005
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.60
    •  
  • 18050 Thornhill Grand Cir Orlando, FL 3
    • 4 beds 3 baths ∙ 2,437 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,437 Sqft ∙ Built 2004
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.68
    •  
  • 18066 Stratford Grand St Orlando, FL 4
    • 4 beds 3 baths ∙ 2,310 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,310 Sqft ∙ Built 2004
    property image
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.81
    •  
PROPERTY LISTING DETAILS
Joanne Maglalang
1.703.843.4328
Keller Williams Advantage Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5907974
Last Updated: 12/06/2020
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