Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2524 Clarinet Dr Orlando, FL 32837

4 Beds 3 Baths 2,348 sqft Built 1989

$359,900

List Price

$2,210

$2K - $2.4K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $153.28
  • 4 Days on Market
  • MLS # : O5916880
  • Updated Date : 01/15/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,348 sqft
  • Baths : 2 full , 1 half
Listing Agent

Maxlife Realty Llc

Listing Agent's Description

Motivated sellers. Great location in desirable fully gated Hunter's Creek Community. Many amenities including fishing, playgrounds, tennis courts, and much more. Home is in good condition move in ready today! Large rear covered patio right off the fairway of the Hunter's Creek golf course! Schedule your showing today before it's sold to someone else.

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: Hunters Creek Golf Course

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $105k349k

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

Neighborhood: Hunters Creek Golf Course

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10282099

* 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
 

$323,910$395,890$359,900

PURCHASE PRICE

$1,989$2,431$2,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,210
EXPENSES Loan Payment -$1,250
Property Tax -$403
Property Insurance -$176
HOA -$257
Property Management Fees -$129
CASH FLOW
-$5

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.

$359,900

PROJECTED PRICE

$2,210

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 5.4%
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$12k$14k

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$101,124

INVESTMENT

$101,124

Down Payment
$89,975
Rehab Estimate
$5,750
Closing Costs
$5,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,250

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $89,975
Loan Amount $269,925
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$14,992

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,210

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $2,401

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$2,195
1$2,1952$2,1993$2,2104$2,3005$2,400
$2,400
RENT COMPS ANALYSIS
  • 2524 Clarinet Dr Orlando, FL 3
    • 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $2,210
    • $0.94
    •  
  • 2762 Runyon Cir Orlando, FL 1
    • 3 beds 3 baths ∙ 2,178 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,178 Sqft ∙ Built 1994
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.01
    •  
  • 3327 Amaca Cir Orlando, FL 2
    • 4 beds 3 baths ∙ 2,195 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,195 Sqft ∙ Built 1991
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,199
    • $1.00
    •  
  • 14417 Windchime Ln Orlando, FL 4
    • 4 beds 4 baths ∙ 2,213 Sqft ∙ Built 1990 4 beds 4 baths ∙ 2,213 Sqft ∙ Built 1990
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.04
    •  
  • 14331 Sports Club Way Orlando, FL 5
    • 4 beds 3 baths ∙ 2,310 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,310 Sqft ∙ Built 1996
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.04
    •  
PROPERTY LISTING DETAILS
Ryan Solberg
1.407.748.3436
Maxlife Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5916880
Last Updated: 01/15/2021
BESbswy