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3297 Amaca Cir Orlando, FL 32837

4 Beds 3 Baths 2,497 sqft Built 1992

$365,000

List Price

$2,250

$2K - $2.5K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $146.18
  • 3 Days on Market
  • MLS # : O5920394
  • Updated Date : 02/06/2021 at 00:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,497 sqft
  • Baths : 2 full , 1 half
Listing Agent

Remax Marketplace

Listing Agent's Description

True Hunters creek Beauty! with tropical oasis Backyard and fairley new Roof!! .Spacious and stylish home at a fantastic price! Beautiful move-in ready, 4 bedrooms 2.5 bath. In the desirable Hunters Creek Golf community with Highly desired A + rated schools. As soon as you walk into this immaculate home, you will fall in love with this spacious and elegant home with stunning cathedral ceilings,located in the 21st most desirable community in the United States by CNN Money Magazine!. The moment you enter you'll notice the high and expansive ceilings, light and bright open feel, this elegant two story home is a dream come true! Featuring a chef's dream kitchen, granite countertop! upgraded cabinets, separate eating space overlooking large Family room with invitation to screen patio relaxing backyard and a big pool . Master retreat is privately located on the first floor with vaulted ceilings, walk in closet . Master bath offering a large comfortable garden tub, dual sinks & separate bathroom and shower stalls. With a stunning granite wood burning fireplace and decorating shelves to enjoy years after for total relaxation. Upstairs offers three large size bedrooms with large closets. Come live the Hunters Creek lifestyle! This golf community offers a variety of holiday events throughout the year & has many sports clubs for all ages, 7 private parks, tennis courts, biking, hiking trails, dog parks, fishing, baseball, basketball and plenty of places to picnic. Just minutes to World Class Town Center Shopping, Dining, Medical City, major roadways and the theme parks! and international airport .

SEE MORE

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: Hunters Creek

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $105k353k

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

Neighborhood: Hunters Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10282269

* 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
Hunters Creek Elementary School Primary Magnet 860 56 7
Hunters Creek Middle School Middle Regular 1,060 57 6
Freedom High School High Regular 3,281 149 6

Hunters Creek Elementary School

  • Education Level: Primary
  • # of students: 860
  • # of teachers: 56
7
GreatSchools Rating

Hunters Creek Middle School

  • Education Level: Middle
  • # of students: 1,060
  • # of teachers: 57
6
GreatSchools Rating

Freedom High School

  • Education Level: High
  • # of students: 3,281
  • # of teachers: 149
6
GreatSchools Rating
 

$328,500$401,500$365,000

PURCHASE PRICE

$2,025$2,475$2,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,250
EXPENSES Loan Payment -$1,268
Property Tax -$440
Property Insurance -$185
HOA -$77
Property Management Fees -$129
CASH FLOW
$152

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.

$365,000

PROJECTED PRICE

$2,250

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 4.8%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

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$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,268

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

7

YEARS SAVED

$30,340

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,250

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,254

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,1953$2,2504$2,3955$2,500
$2,500
RENT COMPS ANALYSIS
  • 3297 Amaca Cir Orlando, FL 3
    • 4 beds 3 baths ∙ 2,497 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,497 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.90
    •  
  • 14156 Snead Cir Orlando, FL 1
    • 4 beds 3 baths ∙ 2,519 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,519 Sqft ∙ Built 1989
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.79
    •  
  • 3831 Ocita Dr Orlando, FL 2
    • 4 beds 3 baths ∙ 2,368 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,368 Sqft ∙ Built 1990
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.93
    •  
  • 3285 Amaca Cir Orlando, FL 4
    • 4 beds 3 baths ∙ 2,592 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,592 Sqft ∙ Built 1992
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.92
    •  
  • 4701 Hearthside Dr Orlando, FL 5
    • 4 beds 2 baths ∙ 2,577 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,577 Sqft ∙ Built 1994
    LEASED 05/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.97
    •  
PROPERTY LISTING DETAILS
Shirin Imani
1.407.709.9766
Remax Marketplace
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5920394
Last Updated: 02/06/2021
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