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3218 Buck Hill Pl Orlando, FL 32817

3 Beds 2 Baths 1,761 sqft Built 2001

$289,000

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $164.11
  • 6 Days on Market
  • MLS # : O5902466
  • Updated Date : 11/01/2020 at 15:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,761 sqft
  • Baths : 2 full
Listing Agent

La Rosa Realty Lake Nona Inc

Listing Agent's Description

Welcome the holidays and new year in this magnificent home in Orlando's Buckhead community. Plenty of space for the family. The home has been well maintained by its current owner. New Roof in 2018. Gorgeous tile flooring throughout the home installed late 2018. Master bedroom has plenty of room, features his and hers walk in closets, double vanities, stand up shower and tub so you can unwind during this holiday season. Second and third bedroom on opposite end of master bedroom with great space for a queen size bed set. The home has a 2 car garage with long extended driveway. Plenty of space in the fenced backyard for the pets with a quaint screened in patio. This is the perfect opportunity to start fresh in a beautiful well kept home within a great neighborhood. This location is central to lots in Orlando! 20 minutes from downtown Orlando, get to Cocoa beach within 35 minutes, Orlando Airport within 25 minutes. With highway 417 and East Colonial only minutes from you it is easy to commute from here where ever you are headed. Do not let this opportunity for something great pass! Call today for a showing!

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MARKET HIGHLIGHTS

  • 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)
  • 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.

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
 

$260,100$317,900$289,000

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$1,066
Property Tax -$329
Property Insurance -$141
HOA -$32
Property Management Fees -$146
CASH FLOW
-$94

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.

$289,000

PROJECTED PRICE

$1,620

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$82,335

INVESTMENT

$82,335

Down Payment
$72,250
Rehab Estimate
$5,750
Closing Costs
$4,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,066

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,250
Loan Amount $216,750
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$6,728

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,739

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,620
1$1,6202$1,6253$1,7354$1,7955$1,800
$1,800
RENT COMPS ANALYSIS
  • 3218 Buck Hill Pl Orlando, FL 1
    • 3 beds 2 baths ∙ 1,761 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,761 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $0.92
    •  
  • 10412 Cresto Delsol Cir Orlando, FL 2
    • 3 beds 2 baths ∙ 1,582 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,582 Sqft ∙ Built 1990
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $1.03
    •  
  • 3012 Carley Estates Ct Orlando, FL 3
    • 4 beds 2 baths ∙ 1,872 Sqft ∙ Built 2013 4 beds 2 baths ∙ 1,872 Sqft ∙ Built 2013
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,735
    • $0.93
    •  
  • 4753 Suntree Blvd Orlando, FL 4
    • 3 beds 2 baths ∙ 1,877 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,877 Sqft ∙ Built 1990
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.96
    •  
  • 10502 Sun Villa Blvd Orlando, FL 5
    • 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 1996
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.03
    •  
PROPERTY LISTING DETAILS
Elizabeth Brito
1.321.368.1285
La Rosa Realty Lake Nona Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5902466
Last Updated: 11/01/2020
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