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2930 Moorcroft Ct Orlando, FL 32817

3 Beds 2 Baths 1,667 sqft Built 1993

$314,900

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $188.90
  • 4 Days on Market
  • MLS # : O5925994
  • Updated Date : 02/26/2021 at 18:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,667 sqft
  • Baths : 2 full
Listing Agent

Starlink Realty Of Orlando

Listing Agent's Description

You will love this Tasteful Water View home with BRAND NEW ROOF 2021 and newer HVAC in 2019. Absolutely GORGEOUS remodeled Kitchen that includes 40" upper white cabinets and granite counters, closet pantry and a great breakfast island with complementing colors and butcher block counter. Open floor plan with high ceilings lead to split floor plan with 3 bedrooms and 2 bathrooms. Lots of natural light. Master bathroom is large with soaking tub and separate shower and beautiful floors. Both bathrooms have great neutral and classic colors. Walk-n Master Bedroom Closet. Inside laundry room with tile floors. Dead-end street and fenced yard. Large Tile and newer Luxury Vinyl flooring throughout PET FREE and SMOKE FREE home. 2 car attached garage. Plus large concrete patio makes a great area to entertain outside, too. NO HOA!!! Bookshelves on each side of Kitchen passthrough do not convey. All information recorded in the MLS is intended to be accurate however, it should be independently verified. Audio/Video surveillance may be in use. Incredibly convenient location and currently zoned for Arbor Ridge, Glenridge Middle School and Winter Park High School.

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: Arbor Pointe

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240kPrice in $105k256k

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

Neighborhood: Arbor Pointe

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7241712

* 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
Glenridge Middle School Middle Regular 1,415 77 6
Winter Park High School High Magnet 3,069 164 7
Winter Park High 9th Grade Center High Unknown NA

Glenridge Middle School

  • Education Level: Middle
  • # of students: 1,415
  • # of teachers: 77
6
GreatSchools Rating

Winter Park High School

  • Education Level: High
  • # of students: 3,069
  • # of teachers: 164
7
GreatSchools Rating

Winter Park High 9th Grade Center

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$283,410$346,390$314,900

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$1,094
Property Tax -$358
Property Insurance -$136
Property Management Fees -$129
CASH FLOW
$13

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.

$314,900

PROJECTED PRICE

$1,730

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 8.3%
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-$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$89,199

INVESTMENT

$89,199

Down Payment
$78,725
Rehab Estimate
$5,750
Closing Costs
$4,724

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,094

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $78,725
Loan Amount $236,175
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$17,384

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,725

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,6003$1,7004$1,7305$1,800
$1,800
RENT COMPS ANALYSIS
  • 2930 Moorcroft Ct Orlando, FL 4
    • 3 beds 2 baths ∙ 1,667 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,667 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $1.04
    •  
  • 9307 Telfer Run Orlando, FL 1
    • 3 beds 2 baths ∙ 1,533 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,533 Sqft ∙ Built 1993
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.98
    •  
  • 2952 Delcrest Dr #3 Orlando, FL 2
    • 3 beds 2 baths ∙ 1,522 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,522 Sqft ∙ Built 1993
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.05
    •  
  • 9409 Telfer Run Orlando, FL 3
    • 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 1992
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.01
    •  
  • 2832 Delcrest Dr #2 Orlando, FL 5
    • 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 1992
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.10
    •  
PROPERTY LISTING DETAILS
Justin Yvonn Wiechart, Llc
1.407.704.0420
Starlink Realty Of Orlando
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5925994
Last Updated: 02/26/2021
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