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1988 Hedgerow Cir Ocoee, FL 34761

3 Beds 2 Baths 1,252 sqft Built 1993

$269,000

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $214.86
  • 5 Days on Market
  • MLS # : O5927213
  • Updated Date : 03/04/2021 at 16:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,252 sqft
  • Baths : 2 full
Listing Agent

Synergy Realty Group

Listing Agent's Description

Offering 1988 Hedgerow Circle a well designed 3 bedroom 2 full bath single family home in the heart of Ocoee with easy access to the 429. Beautiful tile floors in the living room and one of the smaller bedrooms, vaulted ceilings, eat in kitchen with pantry, a walk in closet in the master bedroom and 2 bathrooms both with a bathtub, as well as plenty of natural light from the oversized windows are some of the features you will enjoy inside this Ocoee home. Enjoy your fenced in backyard with brand new fence. AC units replaced in 2020 and a new roof in 2019 will make the outside an oasis and add value for years to come. A nice size 2 car garage just off the kitchen with laundry connection and garage door opener. All close to shopping and entertainment with easy access to Orlando, Disney World Resorts, and all of Central Florida. Be sure to come see this home; priced to sell and won't be on the market for long!

SEE MORE

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: Amber Ridge

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280kPrice in $69k280k

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

Neighborhood: Amber Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500160017001800Rent in $7851877

* 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
Prairie Lake Elementary School Primary Regular 1,081 71 3
Ocoee Middle School Middle Regular 1,375 73 3
Ocoee High School High Regular 2,243 106 4

Prairie Lake Elementary School

  • Education Level: Primary
  • # of students: 1,081
  • # of teachers: 71
3
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
 

$242,100$295,900$269,000

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$934
Property Tax -$340
Property Insurance -$111
HOA -$13
Property Management Fees -$129
CASH FLOW
-$136

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.

$269,000

PROJECTED PRICE

$1,390

PROJECTED RENT

0.52%

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$800k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,035

INVESTMENT

$77,035

Down Payment
$67,250
Rehab Estimate
$5,750
Closing Costs
$4,035

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$934

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,250
Loan Amount $201,750
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$4,745

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,390

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $1,186

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,100
1$1,1002$1,3503$1,3904$1,4955$1,500
$1,500
RENT COMPS ANALYSIS
  • 1988 Hedgerow Cir Ocoee, FL 3
    • 3 beds 2 baths ∙ 1,252 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,252 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $1.11
    •  
  • 1203 Oakwood Ln Ocoee, FL 1
    • 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
    •  
  • 1009 Marlene Dr Ocoee, FL 2
    • 3 beds 2 baths ∙ 1,392 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,392 Sqft ∙ Built 1982
    LEASED 09/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.97
    •  
  • 1997 Hedgerow Cir Ocoee, FL 4
    • 3 beds 2 baths ∙ 1,551 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,551 Sqft ∙ Built 1993
    LEASED 11/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.96
    •  
  • 5105 Log Wagon Rd Ocoee, FL 5
    • 3 beds 2 baths ∙ 1,587 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,587 Sqft ∙ Built 1991
    LEASED 02/18/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.95
    •  
PROPERTY LISTING DETAILS
Megan Williams
1.407.221.9213
Synergy Realty Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5927213
Last Updated: 03/04/2021
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