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2653 Carrickton Cir Orlando, FL 32824

4 Beds 3 Baths 2,027 sqft Built 2012

$345,000

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $170.20
  • 3 Days on Market
  • MLS # : O5915396
  • Updated Date : 01/09/2021 at 12:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,027 sqft
  • Baths : 3 full
Listing Agent

Olde Town Brokers Inc

Listing Agent's Description

Beautiful 4 Bedroom, 3 Bath home in Wyndham Lakes Estates - Preston Point! Built in 2012, pride in ownership shines through in this immaculate and inviting home. Features include an Open Floor Plan with easy care Ceramic Tile throughout, Split Bedrooms, 3 full baths, Indoor Laundry Room, and large attached 2-car garage. The kitchen is beautifully equipped with wood cabinets, GE stainless steel appliances, gorgeous granite countertops and contemporary glass backsplash. The Dining and Family room overlooks the fully fenced backyard and wooded Conservation Area. A new paver patio extends beyond the screened lanai offering a relaxing outdoor entertainment area. The Conservation Area abutting the property offers plenty of entertainment watching the Deer, Bunnies, and Birds as they visit. Roof was replaced in July of 2020. Exterior recently painted. The Community of Wyndham Lakes Estates offers a Pool, Fitness Center, Playground, and Clubhouse and many opportunities for neighbors to get together. Conveniently located near Lake Nona Medical Center, Sports Center-USTA, Orlando International Airport, Theme Parks. Quick Access to 417, I-4 and the Turnpike. Make your appointment today and Get Busy Living!

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: Wyndham Lakes Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $105k321k

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

Neighborhood: Wyndham Lakes Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10282074

* 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
 

$310,500$379,500$345,000

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,198
Property Tax -$386
Property Insurance -$157
HOA -$100
Property Management Fees -$129
CASH FLOW
-$20

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.

$345,000

PROJECTED PRICE

$1,950

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 4.2%
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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,175

INVESTMENT

$97,175

Down Payment
$86,250
Rehab Estimate
$5,750
Closing Costs
$5,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,198

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $86,250
Loan Amount $258,750
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$15,028

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,946

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9003$1,9004$1,9505$2,000
$2,000
RENT COMPS ANALYSIS
  • 2653 Carrickton Cir Orlando, FL 4
    • 4 beds 3 baths ∙ 2,027 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,027 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.96
    •  
  • 14956 Braywood Trl Orlando, FL 1
    • 4 beds 3 baths ∙ 1,891 Sqft ∙ Built 2007 4 beds 3 baths ∙ 1,891 Sqft ∙ Built 2007
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.98
    •  
  • 2728 Youngford St #2 Orlando, FL 2
    • 4 beds 3 baths ∙ 2,027 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,027 Sqft ∙ Built 2010
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.94
    •  
  • 2525 Carrickton Cir Orlando, FL 3
    • 4 beds 3 baths ∙ 2,027 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,027 Sqft ∙ Built 2012
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.94
    •  
  • 1904 Thetford Cir Orlando, FL 5
    • 4 beds 3 baths ∙ 2,032 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,032 Sqft ∙ Built 2013
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.98
    •  
PROPERTY LISTING DETAILS
Jeannie Clarke
1.407.497.0144
Olde Town Brokers Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5915396
Last Updated: 01/09/2021
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