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309 Tiburon Ct Orlando, FL 32835

3 Beds 3 Baths 1,718 sqft Built 1989

$295,000

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

November 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $171.71
  • 6 Days on Market
  • MLS # : S5043201
  • Updated Date : 11/25/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,718 sqft
  • Baths : 2 full , 1 half
Listing Agent

Professional Property Mgmt & L

Listing Agent's Description

THIS IS THE HOME YOU HAVE BEEN LOOKING FOR! Completely Remodeled in 2020! New Roof, New Exterior and Interior Paint, New Water Heater, New Marble Floors in Kitchen , including Back-Splash, Marble Living Room, Dining Room and Baths. All New Interior Doors and Shades. Kitchen Completely Remodeled with New Stainless Steel Appliances. High Ceilings Bring out the True Beauty in Iron-Rail Staircase and Wood Stair Flooring. All Bedrooms have Sleek Laminated Wood including Master Bedroom with Double-Door Entrance Located on First Floor for Extra Convenience. Home has Screened-in Tiled Florida Room for Quite Relaxed Family Barbeque. A MUST SEE!

SEE MORE

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: Frisco Bay

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $99k253k

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

Neighborhood: Frisco Bay

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550160016501700Rent in $9801712

* 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
 

$265,500$324,500$295,000

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$1,088
Property Tax -$336
Property Insurance -$139
HOA -$58
Property Management Fees -$144
CASH FLOW
-$165

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.

$295,000

PROJECTED PRICE

$1,600

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 10.8%
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

PROJECTED ANNUAL CASH FLOW

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

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$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,088

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$3,233

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,606

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,525
1$1,5252$1,6003$1,6504$1,6755$1,895
$1,895
RENT COMPS ANALYSIS
  • 309 Tiburon Ct Orlando, FL 2
    • 3 beds 3 baths ∙ 1,718 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,718 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.93
    •  
  • 8123 Wellsmere Cir Orlando, FL 1
    • 3 beds 2 baths ∙ 1,855 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,855 Sqft ∙ Built 1988
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.82
    •  
  • 7900 Sweetgum Loop Orlando, FL 3
    • 4 beds 2 baths ∙ 1,673 Sqft ∙ Built 1986 4 beds 2 baths ∙ 1,673 Sqft ∙ Built 1986
    LEASED 10/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.99
    •  
  • 8019 Bridgestone Dr Orlando, FL 4
    • 3 beds 3 baths ∙ 1,876 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,876 Sqft ∙ Built 1991
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.89
    •  
  • 960 Summer Lakes Dr Orlando, FL 5
    • 3 beds 2 baths ∙ 1,818 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,818 Sqft ∙ Built 1988
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.04
    •  
PROPERTY LISTING DETAILS
Delfina Tata
1.407.477.4419
Professional Property Mgmt & L
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: S5043201
Last Updated: 11/25/2020
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