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3145 Buck Hill Pl Orlando, FL 32817

3 Beds 2 Baths 1,408 sqft Built 2001

$279,900

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $198.79
  • 4 Days on Market
  • MLS # : O5905496
  • Updated Date : 11/13/2020 at 14:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,408 sqft
  • Baths : 2 full
Listing Agent

Re/max 200 Realty

Listing Agent's Description

LOCATION, LOCATION, LOCATION - Stunning lovely gem that’s perfect for a first-time homebuyer or investment as a rental for local college students. This exquisite 3 bedroom 2 bath home features a spacious OPEN CONCEPT and SPLIT BEDROOM FLOOR PLAN. Entering the foyer, you are welcomed into your combined living and dining rooms with VAULTED CEILINGS. Ahead and to your left is a charming picturesque EAT-IN NOOK. The open concept kitchen offers breakfast bar overlooking the living room which make this space convenience for family entertainment. The laundry area is nearby making chore time a breeze. The master retreat is to the Right rear of the home with a WALK-IN CLOSETS and a master bath equipped with dual vanities, a seated soaking tub, step-in shower, and private toilet closet which is a perfect sanctuary for relaxing after a long day of work or play. Two additional bedrooms at the front of the home share a full bathroom featuring a tub with shower. Wow...Roof is only 2 Years. Add in that this home is located minutes from UCF and access to the 417, the location is convenient for most commutes to downtown Orlando, the coastal beaches, or amusement parks. CHECK OUT THE 3D VIRTUAL TOUR

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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
 

$251,910$307,890$279,900

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$1,033
Property Tax -$318
Property Insurance -$120
HOA -$32
Property Management Fees -$142
CASH FLOW
-$65

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.

$279,900

PROJECTED PRICE

$1,580

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

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$79,924

INVESTMENT

$79,924

Down Payment
$69,975
Rehab Estimate
$5,750
Closing Costs
$4,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,975
Loan Amount $209,925
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$8,304

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,580

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $1,426

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,4883$1,5754$1,5805$1,625
$1,625
RENT COMPS ANALYSIS
  • 3145 Buck Hill Pl Orlando, FL 4
    • 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $1.12
    •  
  • 3217 Albin Ln Orlando, FL 1
    • 3 beds 2 baths ∙ 1,226 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,226 Sqft ∙ Built 1996
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.02
    •  
  • 10496 Cresto Delsol Cir #5 Orlando, FL 2
    • 3 beds 2 baths ∙ 1,457 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,457 Sqft ∙ Built 1990
    property image
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,488
    • $1.02
    •  
  • 3540 Cirque Cir Orlando, FL 3
    • 3 beds 2 baths ∙ 1,607 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,607 Sqft ∙ Built 1988
    property image
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.98
    •  
  • 10412 Cresto Delsol Cir Orlando, FL 5
    • 3 beds 2 baths ∙ 1,582 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,582 Sqft ∙ Built 1990
    property image
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $1.03
    •  
PROPERTY LISTING DETAILS
Yusmila Adames
1.407.625.9008
Re/max 200 Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5905496
Last Updated: 11/13/2020
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