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3136 Curry Woods Cir Orlando, FL 32822

4 Beds 2 Baths 1,425 sqft Built 1988

$255,000

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $178.95
  • 7 Days on Market
  • MLS # : R4903977
  • Updated Date : 11/23/2020 at 14:42
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,425 sqft
  • Baths : 2 full
Listing Agent

Freedom Properties Llc

Listing Agent's Description

This is a great 4 bedroom, 2 bath home located at the heart of Curry Ford. The home is big and has a back covered porch that overlooks a pond. The home needs some TLC and it is reflected in the price discount, but it can become an awesome place to call home! The location of the home is very accessible and close to everything!

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: Curry Ford Woods

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $69k253k

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

Neighborhood: Curry Ford Woods

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8691712

* 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
 

$229,500$280,500$255,000

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$941
Property Tax -$290
Property Insurance -$121
HOA -$14
Property Management Fees -$137
CASH FLOW
$17

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.

$255,000

PROJECTED PRICE

$1,520

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 10.9%
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$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$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$73,325

INVESTMENT

$73,325

Down Payment
$63,750
Rehab Estimate
$5,750
Closing Costs
$3,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$941

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $63,750
Loan Amount $191,250
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$12,584

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,520

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $1,589

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5003$1,5204$1,5955$1,650
$1,650
RENT COMPS ANALYSIS
  • 3136 Curry Woods Cir Orlando, FL 3
    • 4 beds 2 baths ∙ 1,425 Sqft ∙ Built 1988 4 beds 2 baths ∙ 1,425 Sqft ∙ Built 1988
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $1.07
    •  
  • 7643 Coot St Orlando, FL 1
    • 3 beds 3 baths ∙ 1,269 Sqft ∙ Built 1974 3 beds 3 baths ∙ 1,269 Sqft ∙ Built 1974
    property image
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.14
    •  
  • 3938 Janie Ct Orlando, FL 2
    • 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1981
    property image
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.16
    •  
  • 2724 Curry Woods Dr Orlando, FL 4
    • 3 beds 2 baths ∙ 1,523 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,523 Sqft ∙ Built 1986
    property image
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.05
    •  
  • 8453 Mattituck Cir Orlando, FL 5
    • 3 beds 2 baths ∙ 1,486 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,486 Sqft ∙ Built 1981
    property image
    LEASED 05/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.11
    •  
PROPERTY LISTING DETAILS
Franc Marrero
1.321.217.3533
Freedom Properties Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: R4903977
Last Updated: 11/23/2020
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