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1903 Donahue Dr Ocoee, FL 34761

4 Beds 3 Baths 2,612 sqft Built 2018

$399,000

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $152.76
  • 36 Days on Market
  • MLS # : O5905992
  • Updated Date : 12/14/2020 at 11:55
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,612 sqft
  • Baths : 2 full , 1 half
Listing Agent

Properties In Town

Listing Agent's Description

One or more photo(s) has been virtually staged. WOW!! This oasis is nothing but spectacular! Come check this 4 large bedrooms 3 bathrooms single family retreat today. Not to mention this home has a 3 car tandem parking garage perfect for you toys or using the extra space as a storage or gym area. There is nothing not to like about this beautiful home. Walk in the front door and you will see the flex room to your left hand side perfect for an office or extra bedroom you choose! As you past the flex room you will see the Huge open floor plan dedicated to the large formal living and dining area as well as the breakfast nook. The kitchen is fully equipped with everything you need to cook and entertain your family and friends for the holidays or just a small gathering. Bring your furry pets as the huge backyard will be a great place for them to run around and play. Upstairs offers all the bedrooms and laundry area for your convenience. You will also find the loft area perfect a study area or gaming. Location!!! Location!! Location!! This is located in the Crown Point community in Ocoee this community offers pool , . All major highways, shopping , A rated schools, restaurants along with biking trails. Call today to schedule your private showing.

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MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Ocoee

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $109k280k

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

Neighborhood: Ocoee

ZipNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9361877

* 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
 

$359,100$438,900$399,000

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$1,472
Property Tax -$504
Property Insurance -$192
HOA -$85
Property Management Fees -$129
CASH FLOW
-$362

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.

$399,000

PROJECTED PRICE

$2,020

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 4.0%
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-$8.0k-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,485

INVESTMENT

$111,485

Down Payment
$99,750
Rehab Estimate
$5,750
Closing Costs
$5,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,472

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,750
Loan Amount $299,250
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$2,118

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,020

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $2,018

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,975
1$1,9752$2,0003$2,0204$2,0955$2,150
$2,150
RENT COMPS ANALYSIS
  • 1903 Donahue Dr Ocoee, FL 3
    • 4 beds 3 baths ∙ 2,612 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,612 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $0.77
    •  
  • 1078 Woodson Hammock Cir Winter Garden, FL 1
    • 4 beds 2 baths ∙ 2,505 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,505 Sqft ∙ Built 2001
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.79
    •  
  • 2698 Migliara Ln Ocoee, FL 2
    • 4 beds 3 baths ∙ 2,730 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,730 Sqft ∙ Built 2006
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.73
    •  
  • 1618 Mistflower Ln Winter Garden, FL 4
    • 4 beds 3 baths ∙ 2,934 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,934 Sqft ∙ Built 2006
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.71
    •  
  • 1754 Americus Minor Dr Winter Garden, FL 5
    • 4 beds 2 baths ∙ 2,487 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,487 Sqft ∙ Built 2001
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.86
    •  
PROPERTY LISTING DETAILS
Javier Paredes
1.352.361.6478
Properties In Town
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5905992
Last Updated: 12/14/2020
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