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2306 Plantation Oak Dr Orlando, FL 32824

3 Beds 2 Baths 1,899 sqft Built 2011

$289,000

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 2011
  • Price/Sqft : $152.19
  • 2 Days on Market
  • MLS # : S5042079
  • Updated Date : 11/03/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,899 sqft
  • Baths : 2 full
Listing Agent

St. Cloud Property Grp Inc

Listing Agent's Description

Beautiful 3 bedroom, 2 bathroom, single-story home located in the stunning community of Sawgrass in Orlando. This home features an open floor plan with a private master bedroom , huge master closet, large master bathroom and a separate tiled shower. The secondary bedrooms are located at the front, along with a inside laundry room. The living room is overlooked from the kitchen which is perfect for entertaining family and friends. Spread out even more with the bonus room located just off family room which is perfect for a office, extra bedroom or formal dining room. The kitchen includes 42 inch maple cabinets, solid surface countertops, a large island to make any family chef happy. Centrally located Near the Orlando International Airport, Lake Nona Medical Center, Disney World, Universal Studios, New Sun-Rail Train Station, Downtown Orlando, Major expressways, Shopping Centers and Hospitals. This great community offers a Clubhouse, Pool, Tennis Basketball, Playground, Park, Soccer Field and Walking Trail

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: Sawgrass Plantation

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $105k324k

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

Neighborhood: Sawgrass Plantation

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10282037

* 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
 

$260,100$317,900$289,000

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$1,066
Property Tax -$323
Property Insurance -$150
HOA -$98
Property Management Fees -$163
CASH FLOW
$10

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.

$289,000

PROJECTED PRICE

$1,810

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 4.6%
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$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$10k

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$82,335

INVESTMENT

$82,335

Down Payment
$72,250
Rehab Estimate
$5,750
Closing Costs
$4,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,066

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,250
Loan Amount $216,750
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$13,023

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,810

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,856

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8003$1,8104$1,9705$2,050
$2,050
RENT COMPS ANALYSIS
  • 2306 Plantation Oak Dr Orlando, FL 3
    • 3 beds 2 baths ∙ 1,899 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,899 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $0.95
    •  
  • 12735 Boggy Pointe Dr Orlando, FL 1
    • 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 2007
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.92
    •  
  • 2815 Sand Arbor Cir Orlando, FL 2
    • 4 beds 2 baths ∙ 2,007 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,007 Sqft ∙ Built 2006
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.90
    •  
  • 1638 Plantation Pointe Dr Orlando, FL 4
    • 3 beds 3 baths ∙ 1,780 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,780 Sqft ∙ Built 2008
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,970
    • $1.11
    •  
  • 12444 Stone Bark Trl Orlando, FL 5
    • 4 beds 2 baths ∙ 2,087 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,087 Sqft ∙ Built 2017
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.98
    •  
PROPERTY LISTING DETAILS
Kim Davidson
1.407.319.2481
St. Cloud Property Grp Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: S5042079
Last Updated: 11/03/2020
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