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3013 Calumet Dr Orlando, FL 32810

3 Beds 2 Baths 1,336 sqft Built 1972

$250,000

List Price

$1,360

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $187.13
  • 3 Days on Market
  • MLS # : O5914095
  • Updated Date : 01/01/2021 at 13:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,336 sqft
  • Baths : 2 full
Listing Agent

Schmitt Realty Pllc

Listing Agent's Description

You're going to love this newly updated 3 bedroom 2 bath split floor plan with two car garage home with NO HOA and oversized fenced in backyard. The home has wood look grey tile in the common areas, nice and soft carpeting in the bedrooms. New roof, New A/C, New water heater, New Garage Door. As you enter the living room you’ll love the open floorplan. The master is large and offers separate his and hers closets. The two secondary bedrooms are also a nice size. The backyard is large perfect for entertaining or a safe play area for pets and kids. Home is conveniently located within walking distance to Publix plaza with restaurants and Seminole State College. Riverside Acres Park is less than 1 mile away and Lake Lotus Park is less than 2 miles away. Just minutes from SR 414 and I-4. Approximately 15 minutes to Downtown Orlando, 30 minutes to the Theme Parks and 45 Minutes to the East Coast Beaches. Don't miss out on this amazing home!

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MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Holiday Heights

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $69k253k

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

Neighborhood: Holiday Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8731712

* 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
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,224$1,496$1,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,360
EXPENSES Loan Payment -$922
Property Tax -$284
Property Insurance -$116
Property Management Fees -$129
CASH FLOW
-$92

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.

$250,000

PROJECTED PRICE

$1,360

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 10.6%
Maintenance Year (1-5) 8.00%
Vacancy 5.82%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$8,445

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,360

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,062

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$925
1$9252$9953$1,0004$1,3605$1,375
$1,375
RENT COMPS ANALYSIS
  • 3013 Calumet Dr Orlando, FL 4
    • 3 beds 2 baths ∙ 1,336 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,336 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $1,360
    • $1.02
    •  
  • 2902 Calloway Dr Orlando, FL 1
    • 3 beds 2 baths ∙ 1,252 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,252 Sqft ∙ Built 1957
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $925
    • $0.74
    •  
  • 3627 Falling Leaf Ln Orlando, FL 2
    • 3 beds 2 baths ∙ 1,345 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,345 Sqft ∙ Built 1983
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $995
    • $0.74
    •  
  • 3119 Calloway Dr Orlando, FL 3
    • 3 beds 2 baths ∙ 1,265 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,265 Sqft ∙ Built 1957
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,000
    • $0.79
    •  
  • 2507 Calloway Dr Orlando, FL 5
    • 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1958
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.91
    •  
PROPERTY LISTING DETAILS
Kristin Dobo
1.407.415.4139
Schmitt Realty Pllc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5914095
Last Updated: 01/01/2021
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