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2639 Tuscarora Trl Maitland, FL 32751

4 Beds 3 Baths 2,114 sqft Built 1968

$409,000

List Price

$2,370

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1968
  • Price/Sqft : $193.47
  • 3 Days on Market
  • MLS # : O5926084
  • Updated Date : 02/26/2021 at 19:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,114 sqft
  • Baths : 3 full
Listing Agent

Fannie Hillman & Associates

Listing Agent's Description

WONDERFUL 4 BR - 3 BA POOL home located on large corner lot in Forest Brook subdivision of Maitland. This home boasts over 2100 square feet of living and offers rich cherry laminate flooring, 3 way split bedroom plan, plantation shutters, NEW ROOF Fall of 2019 with lightening rods, updated windows, gourmet kitchen with wood cabinets, granite, SS appliances, breakfast bar and pantry. Large living room with picture window. Formal dining room. Open kitchen - family room combination. Updated hall bath and owner's retreat bath. Large Owner's Retreat with walk in closet. Enclosed porch. Oversized pool and patio area to enjoy outdoor gatherings. Wonderful gazebo. Home is equipped with a transfer switch for a generator, well for irrigation and large 2 car garage. Family friendly neighborhood. Close to shopping, major roads, schools and downtown Winter Park. Call today for your private viewing of this great home.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Forest Brook

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k332k

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

Neighborhood: Forest Brook

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100220023002400Rent in $10282428

* 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
English Estates Elementary School Primary Regular 829 59 6
South Seminole Middle School Middle Magnet 1,228 79 5
Lake Howell High School High Regular 2,229 117 6

English Estates Elementary School

  • Education Level: Primary
  • # of students: 829
  • # of teachers: 59
6
GreatSchools Rating

South Seminole Middle School

  • Education Level: Middle
  • # of students: 1,228
  • # of teachers: 79
5
GreatSchools Rating

Lake Howell High School

  • Education Level: High
  • # of students: 2,229
  • # of teachers: 117
6
GreatSchools Rating
 

$368,100$449,900$409,000

PURCHASE PRICE

$2,133$2,607$2,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,370
EXPENSES Loan Payment -$1,421
Property Tax -$413
Property Insurance -$162
Property Management Fees -$129
CASH FLOW
$245

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.

$409,000

PROJECTED PRICE

$2,370

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 3.8%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$114,135

INVESTMENT

$114,135

Down Payment
$102,250
Rehab Estimate
$5,750
Closing Costs
$6,135

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,421

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $102,250
Loan Amount $306,750
See What Happens When You Reinvest Cash Flow

8.25

YEARS SAVED

$44,620

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,370

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $2,473

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$1,970
1$1,9702$2,3703$2,4504$2,4885$2,500
$2,500
RENT COMPS ANALYSIS
  • 2639 Tuscarora Trl Maitland, FL 2
    • 4 beds 3 baths ∙ 2,114 Sqft ∙ Built 1968 4 beds 3 baths ∙ 2,114 Sqft ∙ Built 1968
    • Rent
    • Rent Per SQFT
    •  
    • $2,370
    • $1.12
    •  
  • 1821 Carrigan Ave Winter Park, FL 1
    • 4 beds 2 baths ∙ 1,964 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,964 Sqft ∙ Built 1960
    LEASED 10/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,970
    • $1.00
    •  
  • 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
    •  
  • 1015 Thunder Trl Maitland, FL 5
    • 4 beds 2 baths ∙ 1,990 Sqft ∙ Built 1966 4 beds 2 baths ∙ 1,990 Sqft ∙ Built 1966
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.26
    •  
PROPERTY LISTING DETAILS
Mary Colton
1.407.222.7388
Fannie Hillman & Associates
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5926084
Last Updated: 02/26/2021
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