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2114 Darlin Cir Orlando, FL 32820

4 Beds 2 Baths 2,008 sqft Built 2005

$335,000

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $166.83
  • 2 Days on Market
  • MLS # : O5921913
  • Updated Date : 02/06/2021 at 12:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,008 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

Gorgeous water front home in the resort like community of Cypress Lakes. This move in ready home has some of the BEST VIEWS in the entire neighborhood! You're entry way opens up to the formal dining room/flex space as well as a 5th bedroom/office space which overlooks the front yard. Your kitchen will be the heart of your home with its cherry cabinets, STAINLESS STEEL appliances, prep kitchen ISLAND and tons of counterspace. The kitchen is open to your family room with spectacular views of the water out back. Split floor plan with your owners suite in the rear of the home with a SPACIOUS WALK IN CLOSET (the size of some bedrooms) with a CUSTOM CLOSET SYSTEM. Your owners suite has those same beautiful views PLUS your own entrance to the screen enclosed patio out back. The ensuite bath has a large soaking tub, separate walk in shower and dual vanities. SPLIT floor plan with your 3 additional guest rooms and guest bath towards the front of the home. The laundry room has matching hanging cabinets and access to the garage. Located just minutes to Waterford Lakes, the University of Central Florida, Siemens, Lockheed Martin and a short commute to the Space Coast. Community amenities include a clubhouse with lounge and kitchen, fitness center, amazing pool with water slides, lap lanes and splash pad, 2 playgrounds, dog parks, tennis courts, basketball courts, open fields for soccer/lacrosse and miles of walking and biking trails. This home is a MUST SEE. VIDEO WALKTHROUGH WILL BE AVAILABLE ON SATURDAY.

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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: Cypress Lakes East

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $105k397k

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

Neighborhood: Cypress Lakes East

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10282207

* 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
Columbia Elementary School Primary Regular 1,078 69 8
Corner Lake Middle School Middle Regular 1,220 68 3
East River High School High Regular 1,957 96 5

Columbia Elementary School

  • Education Level: Primary
  • # of students: 1,078
  • # of teachers: 69
8
GreatSchools Rating

Corner Lake Middle School

  • Education Level: Middle
  • # of students: 1,220
  • # of teachers: 68
3
GreatSchools Rating

East River High School

  • Education Level: High
  • # of students: 1,957
  • # of teachers: 96
5
GreatSchools Rating
 

$301,500$368,500$335,000

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$1,164
Property Tax -$381
Property Insurance -$156
HOA -$56
Property Management Fees -$129
CASH FLOW
-$126

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.

$335,000

PROJECTED PRICE

$1,760

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 6.5%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,164

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$8,230

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,760

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,747

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,635
1$1,6352$1,6953$1,7604$1,7955$1,799
$1,799
RENT COMPS ANALYSIS
  • 2114 Darlin Cir Orlando, FL 3
    • 4 beds 2 baths ∙ 2,008 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,008 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.88
    •  
  • 1939 Darlin Cir Orlando, FL 1
    • 4 beds 2 baths ∙ 1,861 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,861 Sqft ∙ Built 2004
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,635
    • $0.88
    •  
  • 1920 Darlin Cir Orlando, FL 2
    • 4 beds 2 baths ∙ 1,990 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,990 Sqft ∙ Built 2004
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.85
    •  
  • 18018 Falcon Green Ct Orlando, FL 4
    • 3 beds 2 baths ∙ 2,113 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,113 Sqft ∙ Built 2005
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.85
    •  
  • 18045 Saxony Ln Orlando, FL 5
    • 4 beds 2 baths ∙ 1,994 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,994 Sqft ∙ Built 2004
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $0.90
    •  
PROPERTY LISTING DETAILS
Dan Teston
1.407.509.0211
Exp Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5921913
Last Updated: 02/06/2021
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