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1871 Tillstream Dr Orlando, FL 32818

3 Beds 2 Baths 1,545 sqft Built 1996

$239,000

List Price

$1,490

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $154.69
  • 8 Days on Market
  • MLS # : O5925079
  • Updated Date : 02/26/2021 at 10:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,545 sqft
  • Baths : 2 full
Listing Agent

Keller Williams At The Parks

Listing Agent's Description

Great opportunity for new homeowners! The home is located in the desirable Country Chase Subdivision! Upon entering the home you will notice the open layout and high ceilings. Amazing floorplan with 3 Bedrooms, 2 Bathrooms and 2 Car Garage, perfect for entertaining family and friends! Eat-in Kitchen, Split Plan and Laundry Room are some of the features of this home. Large Master bedroom and Master bathroom with dual sink vanity, garden tub and walk-in shower. Another great feature of this home is the large fenced-in backyard to provide privacy. 4 Minutes to Walmart and Sam's Club on West Colonial. Also near Home Depot, Lowe's, shopping, restaurants and West Oaks mall with AMC 14 Cinema, Health Central hospital and public library. 15 min from I-4 and 10 minutes from Route 429 to Disneyworld. Come see this home today !!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Orlando ranks 7th in U.S. for economic growth (Milken Instutute/ Orlando Sentinel, 2018)

PRICE & RENT TRENDS

Neighborhood: Country Chase

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $69k253k

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

Neighborhood: Country Chase

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8951712

* 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
West Oaks Elementary School Primary Regular 640 40 4
Robinswood Middle School Middle Magnet 1,232 71 2
Ocoee High School High Regular 2,243 106 4

West Oaks Elementary School

  • Education Level: Primary
  • # of students: 640
  • # of teachers: 40
4
GreatSchools Rating

Robinswood Middle School

  • Education Level: Middle
  • # of students: 1,232
  • # of teachers: 71
2
GreatSchools Rating

Ocoee High School

  • Education Level: High
  • # of students: 2,243
  • # of teachers: 106
4
GreatSchools Rating
 

$215,100$262,900$239,000

PURCHASE PRICE

$1,341$1,639$1,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$830
Property Tax -$274
Property Insurance -$128
HOA -$16
Property Management Fees -$129
CASH FLOW
$113

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.

$239,000

PROJECTED PRICE

$1,490

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 11.3%
Maintenance Year (1-5) 8.00%
Vacancy 5.82%
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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,085

INVESTMENT

$69,085

Down Payment
$59,750
Rehab Estimate
$5,750
Closing Costs
$3,585

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$830

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $59,750
Loan Amount $179,250
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$20,975

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,490

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,367

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4503$1,4904$1,4955$1,550
$1,550
RENT COMPS ANALYSIS
  • 1871 Tillstream Dr Orlando, FL 3
    • 3 beds 2 baths ∙ 1,545 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,545 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $0.96
    •  
  • 8061 Windy Hill Way Orlando, FL 1
    • 3 beds 2 baths ∙ 1,628 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,628 Sqft ∙ Built 1987
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.86
    •  
  • 1713 Tillstream Dr Orlando, FL 2
    • 4 beds 2 baths ∙ 1,746 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,746 Sqft ∙ Built 1996
    LEASED 01/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.83
    •  
  • 7963 Village Green Rd Orlando, FL 4
    • 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1988
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.93
    •  
  • 1748 Brightmeadow Ct Orlando, FL 5
    • 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 1988
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.92
    •  
PROPERTY LISTING DETAILS
Marc George
1.407.992.5808
Keller Williams At The Parks
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5925079
Last Updated: 02/26/2021
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