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1918 Saint James Ct Ocoee, FL 34761

4 Beds 3 Baths 2,911 sqft Built 2000

$369,000

List Price

$2,070

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $126.76
  • 3 Days on Market
  • MLS # : O5921387
  • Updated Date : 02/05/2021 at 20:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,911 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max 200 Realty

Listing Agent's Description

WOW! Looking for a spacious and remodeled home with a gigantic Master Bedroom? Huge kitchen with lots of storage and counter spaces plus a walk-in pantry? Open floor plan with very high ceilings? This is the one! Super comfortable and clean home with room for everyone! Newly painted, with new floors, new kitchen, new stone counters, new appliances, new bathrooms, new blinds, and more! Home has 4 bedrooms and 2.5 bathrooms, formal dining room, formal living room plus a bonus room. Master bedroom is upstairs with a large master bathroom, double sinks and separate vanity next to X-large walk-in closet, garden tub and separate shower. Bonus room and 4th bedroom are upstairs. Large backyard. This great home is located on a cul-de-sac in a quiet and peaceful neighborhood. Easy access to shopping, dining and expressways. Move in ready! Make it your castle today!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Reserve

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $109k287k

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

Neighborhood: Reserve

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9361932

* 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
Citrus Elementary School Primary Regular 654 40 5
Ocoee Middle School Middle Regular 1,375 73 3
Ocoee High School High Regular 2,243 106 4

Citrus Elementary School

  • Education Level: Primary
  • # of students: 654
  • # of teachers: 40
5
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
 

$332,100$405,900$369,000

PURCHASE PRICE

$1,863$2,277$2,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,070
EXPENSES Loan Payment -$1,282
Property Tax -$475
Property Insurance -$210
HOA -$41
Property Management Fees -$129
CASH FLOW
-$67

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.

$369,000

PROJECTED PRICE

$2,070

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 7.7%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,535

INVESTMENT

$103,535

Down Payment
$92,250
Rehab Estimate
$5,750
Closing Costs
$5,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,282

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $92,250
Loan Amount $276,750
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$12,504

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,070

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $2,241

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$2,070
1$2,0702$2,1503$2,2004$2,2505$2,500
$2,500
RENT COMPS ANALYSIS
  • 1918 Saint James Ct Ocoee, FL 1
    • 4 beds 3 baths ∙ 2,911 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,911 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,070
    • $0.71
    •  
  • 1627 Amber Leaf Cir Ocoee, FL 2
    • 4 beds 4 baths ∙ 2,900 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,900 Sqft ∙ Built 2018
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.74
    •  
  • 1461 Terra Verde Way Ocoee, FL 3
    • 4 beds 4 baths ∙ 2,840 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,840 Sqft ∙ Built 2017
    LEASED 07/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.77
    •  
  • 305 Sterling Lake Dr Ocoee, FL 4
    • 5 beds 3 baths ∙ 2,916 Sqft ∙ Built 1993 5 beds 3 baths ∙ 2,916 Sqft ∙ Built 1993
    LEASED 01/07/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.77
    •  
  • 854 Kazaros Cir Ocoee, FL 5
    • 5 beds 4 baths ∙ 3,138 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,138 Sqft ∙ Built 2006
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.80
    •  
PROPERTY LISTING DETAILS
Silvia Beham
1.407.353.7992
Re/max 200 Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5921387
Last Updated: 02/05/2021
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