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2151 Thunderbird Trl Maitland, FL 32751

3 Beds 2 Baths 1,896 sqft Built 1964

$429,900

List Price

$2,250

$2K - $2.5K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1964
  • Price/Sqft : $226.74
  • 4 Days on Market
  • MLS # : O5914075
  • Updated Date : 01/01/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,896 sqft
  • Baths : 2 full
Listing Agent

Fannie Hillman & Associates

Listing Agent's Description

Three bed / two bath Dommerich home with an oversized (newly screened enclosure) pool and freshly painted pool deck. Newer roof (2017) with new cylinder skylight and updated soffits. All new windows and carpet. House has been re-plumbed. Larger master bath. Granite countertops in kitchen. Large wood burning fireplace. New garage door with remote. Separate room in garage includes washer, dryer and freezer (an access door could easily be put in wall of dining room for access to laundry room) NO septic, public sewer. Dommerich is rich in history with the elementary and middle school on the same campus within walking or biking distance. Also the Maitland Community Park is accessible in back of the neighborhood by a pedestrian boardwalk, which includes tennis courts, playground and nature trails. Top rated Dommerich Elementary, Maitland Middle, and Winter Park High schools.

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: Highland Park Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $110k452k

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

Neighborhood: Highland Park Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10292725

* 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
Dommerich Elementary School Primary Regular 603 40 8
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Dommerich Elementary School

  • Education Level: Primary
  • # of students: 603
  • # of teachers: 40
8
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
 

$386,910$472,890$429,900

PURCHASE PRICE

$2,025$2,475$2,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,250
EXPENSES Loan Payment -$1,586
Property Tax -$474
Property Insurance -$149
Property Management Fees -$129
CASH FLOW
-$89

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.

$429,900

PROJECTED PRICE

$2,250

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 5.2%
Maintenance Year (1-5) 8.00%
Vacancy 5.99%
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-$5.0k$0.0$5.0k$10k$15k

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$119,674

INVESTMENT

$119,674

Down Payment
$107,475
Rehab Estimate
$5,750
Closing Costs
$6,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,586

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $107,475
Loan Amount $322,425
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$23,319

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,250

    LIST RENT
  • $1.19

    LIST RENT PER SQFT
  • $2,261

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$1,775
1$1,7752$2,2503$2,4504$2,4885$2,600
$2,600
RENT COMPS ANALYSIS
  • 2151 Thunderbird Trl Maitland, FL 2
    • 3 beds 2 baths ∙ 1,896 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,896 Sqft ∙ Built 1964
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.19
    •  
  • 2085 Falmouth Rd Maitland, FL 1
    • 3 beds 2 baths ∙ 1,710 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,710 Sqft ∙ Built 1960
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $1.04
    •  
  • 718 Ponca Trl Maitland, FL 3
    • 3 beds 2 baths ∙ 2,088 Sqft ∙ Built 1963 3 beds 2 baths ∙ 2,088 Sqft ∙ Built 1963
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.17
    •  
  • 2330 Mohawk Trl Maitland, FL 4
    • 3 beds 3 baths ∙ 1,995 Sqft ∙ Built 1962 3 beds 3 baths ∙ 1,995 Sqft ∙ Built 1962
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,488
    • $1.25
    •  
  • 1911 Mohican Trl Maitland, FL 5
    • 4 beds 2 baths ∙ 1,992 Sqft ∙ Built 1967 4 beds 2 baths ∙ 1,992 Sqft ∙ Built 1967
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.31
    •  
PROPERTY LISTING DETAILS
Shirley Jones
1.407.719.9180
Fannie Hillman & Associates
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5914075
Last Updated: 01/01/2021
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