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3028 Buck Hill Pl Orlando, FL 32817

4 Beds 2 Baths 1,983 sqft Built 2000

$319,900

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $161.32
  • 3 Days on Market
  • MLS # : O5911949
  • Updated Date : 12/19/2020 at 13:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,983 sqft
  • Baths : 2 full
Listing Agent

Premier Sotheby's Intl. Realty

Listing Agent's Description

This 4 bedroom 2 bath home is ready for new owners! Excellent open floor plan of 1983 square feet comes with volume ceilings and split bedrooms. The bright and sparkly open kitchen overlooks both the generous breakfast area and family room. The formal living room/dining room can easily be used as a flex space for a play area and/or home office. The huge backyard is fully fenced and is home to one of the most magnificent trees in the area. Located near UCF just off University Blvd and close to major highways 417 and 408, the location is prime!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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.

PRICE & RENT TRENDS

Neighborhood: Buckhead

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $105k281k

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

Neighborhood: Buckhead

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7701737

* 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
 

$287,910$351,890$319,900

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,180
Property Tax -$364
Property Insurance -$155
HOA -$33
Property Management Fees -$129
CASH FLOW
-$71

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.

$319,900

PROJECTED PRICE

$1,790

PROJECTED RENT

0.56%

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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$90,524

INVESTMENT

$90,524

Down Payment
$79,975
Rehab Estimate
$5,750
Closing Costs
$4,799

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,180

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $79,975
Loan Amount $239,925
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$14,009

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,785

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,735
1$1,7352$1,7903$1,7954$1,7955$1,835
$1,835
RENT COMPS ANALYSIS
  • 3028 Buck Hill Pl Orlando, FL 2
    • 4 beds 2 baths ∙ 1,983 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,983 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.90
    •  
  • 3012 Carley Estates Ct Orlando, FL 1
    • 4 beds 2 baths ∙ 1,872 Sqft ∙ Built 2013 4 beds 2 baths ∙ 1,872 Sqft ∙ Built 2013
    property image
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,735
    • $0.93
    •  
  • 3101 Rider Pl Orlando, FL 3
    • 4 beds 3 baths ∙ 2,143 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,143 Sqft ∙ Built 1987
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.84
    •  
  • 4753 Suntree Blvd Orlando, FL 4
    • 3 beds 2 baths ∙ 1,877 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,877 Sqft ∙ Built 1990
    property image
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.96
    •  
  • 3144 Buck Hill Pl Orlando, FL 5
    • 4 beds 2 baths ∙ 2,111 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,111 Sqft ∙ Built 2001
    property image
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,835
    • $0.87
    •  
PROPERTY LISTING DETAILS
Betsy Alaimo
1.407.325.3646
Premier Sotheby's Intl. Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5911949
Last Updated: 12/19/2020
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