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1895 Leslie Ann Ln Ocoee, FL 34761

3 Beds 1 Baths 1,025 sqft Built 1982

$195,000

List Price

$1,180

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $190.24
  • 3 Days on Market
  • MLS # : O5922092
  • Updated Date : 02/12/2021 at 17:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,025 sqft
  • Baths : 1 full
Listing Agent

Elite Property Sales

Listing Agent's Description

Located in the well-established town of Ocoee, welcome home to this freshly upgraded Ranch Style residence. Step through the front door and you will find it is turn key. You are greeted with an open floor plan featuring the kitchen, dining and family room combo. Complete with neutral paint schemes and new wood-look tile flooring, all that is missing is your personal décor! Newly installed wood-plank tile flooring is installed in the living room, dining, kitchen, and bath. Brand New carpet has been installed in all the bedrooms. Enjoy entertaining in your wonderfully updated kitchen with granite countertops, and white cabinets with new hardware. Three spacious bedrooms featuring, New carpet, ceiling fans, and offer plenty of closet space. A shared bath is conveniently located, featuring a new custom vanity and shower/tub combo. Glass sliders open out to the private backyard with no rear neighbors. Shingle roof was installed in 2018. Priced effectively for investors to add to their portfolio or a perfect fit for first-time home buyers. This home is located just minutes from schools, shopping, hospitals, and only minutes from Downtown Winter Garden. Schedule your tour today, and welcome to your New Home.

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: Michele Woods

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240k260k280kPrice in $54k280k

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

Neighborhood: Michele Woods

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500160017001800Rent in $6531877

* 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
Spring Lake Elementary School Primary Regular 617 42 4
Ocoee Middle School Middle Regular 1,375 73 3
Ocoee High School High Regular 2,243 106 4

Spring Lake Elementary School

  • Education Level: Primary
  • # of students: 617
  • # of teachers: 42
4
GreatSchools Rating

Ocoee Middle School

  • Education Level: Middle
  • # of students: 1,375
  • # of teachers: 73
3
GreatSchools Rating

Ocoee High School

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

$175,500$214,500$195,000

PURCHASE PRICE

$1,062$1,298$1,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,180
EXPENSES Loan Payment -$677
Property Tax -$246
Property Insurance -$97
Property Management Fees -$129
CASH FLOW
$30

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.

$195,000

PROJECTED PRICE

$1,180

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 7.7%
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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$57,425

INVESTMENT

$57,425

Down Payment
$48,750
Rehab Estimate
$5,750
Closing Costs
$2,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$677

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $48,750
Loan Amount $146,250
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$11,817

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,180

    LIST RENT
  • $1.15

    LIST RENT PER SQFT
  • $851

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$825
1$8252$1,0503$1,1004$1,1005$1,180
$1,180
RENT COMPS ANALYSIS
  • 1895 Leslie Ann Ln Ocoee, FL 5
    • 3 beds 1 baths ∙ 1,025 Sqft ∙ Built 1982 3 beds 1 baths ∙ 1,025 Sqft ∙ Built 1982
    • Rent
    • Rent Per SQFT
    •  
    • $1,180
    • $1.15
    •  
  • 1208 Willow Creek Rd Ocoee, FL 1
    • 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1979
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $825
    • $0.69
    •  
  • 1514 Prairie Lake Blvd Ocoee, FL 2
    • 3 beds 2 baths ∙ 1,246 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,246 Sqft ∙ Built 1986
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $0.84
    •  
  • 1203 Oakwood Ln Ocoee, FL 3
    • 3 beds 2 baths ∙ 1,203 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,203 Sqft ∙ Built 1976
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.91
    •  
  • 1417 Prairie Lake Blvd Ocoee, FL 4
    • 3 beds 2 baths ∙ 1,246 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,246 Sqft ∙ Built 1985
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.88
    •  
PROPERTY LISTING DETAILS
Brian Sunderland
1.352.978.0751
Elite Property Sales
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5922092
Last Updated: 02/12/2021
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