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3412 Cimarron Dr Orlando, FL 32829

3 Beds 2 Baths 1,257 sqft Built 1979

$275,000

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $218.77
  • 2 Days on Market
  • MLS # : S5045129
  • Updated Date : 01/16/2021 at 13:47
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,257 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Ackley Realty

Listing Agent's Description

Pride of ownership shows throughout this one owner 3-bedroom pool home in the quaint neighborhood of Chickasaw Woods in East Orlando. This split bedroom floorplan home is in great condition and has LOADS of upgrades that are sure to impress! There's plenty of curb appeal as you first drive up and see the beautifully landscaped yard and metal roof that was installed in 2018. The home has been updated with a brand-new AC system that boasts an Air Scrubber system that purifies and disinfects the air in the home. The plumbing has been replaced, as has the electrical panel and the majority of the windows have been replaced with energy efficient double pane glass windows. The kitchen has a double oven range and plenty of cabinet and counter space, and with the open floorplan it overlooks the dining room and living room where the centerpiece is a fantastic wood burning fireplace. There's tile flooring throughout the home and both bathrooms have been recently remodeled and have large beautifully tiled walk-in showers. There are ceiling fans in all the bedrooms and the master has a roomy walk-in closet....the oversized 2 car garage has plenty of space for storage or a work space and the Samsung washer and dryer is included....the dining room has French doors that lead to a huge screened in lanai that overlooks the beautiful pool and private fenced in backyard just perfect for entertaining or just relaxing....There's also a shed for additional storage. You can't beat the location which has easy access to all Orlando has to offer, just minutes to the 408, 417, downtown and the airport. Best of all there's no HOA fee! Don't miss your opportunity to view this house today and call it home tomorrow!

SEE MORE

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: Chickasaw Woods

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $92k253k

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

Neighborhood: Chickasaw Woods

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8451712

* 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
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$955
Property Tax -$313
Property Insurance -$111
Property Management Fees -$129
CASH FLOW
-$88

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.

$275,000

PROJECTED PRICE

$1,420

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 7.9%
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$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$955

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$8,343

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $993

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$895
1$8952$1,0003$1,0504$1,2505$1,420
$1,420
RENT COMPS ANALYSIS
  • 3412 Cimarron Dr Orlando, FL 5
    • 3 beds 2 baths ∙ 1,257 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,257 Sqft ∙ Built 1979
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $1.13
    •  
  • 7532 Tern Dr Orlando, FL 1
    • 3 beds 2 baths ∙ 1,216 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,216 Sqft ∙ Built 1990
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $895
    • $0.74
    •  
  • 7982 Sagebrush Pl Orlando, FL 2
    • 3 beds 2 baths ∙ 1,174 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,174 Sqft ∙ Built 1996
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,000
    • $0.85
    •  
  • 2802 Autumn Run Pl Orlando, FL 3
    • 3 beds 2 baths ∙ 1,340 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,340 Sqft ∙ Built 1991
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $0.78
    •  
  • 8619 Catbriar Ln Orlando, FL 4
    • 3 beds 2 baths ∙ 1,588 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,588 Sqft ∙ Built 1983
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.79
    •  
PROPERTY LISTING DETAILS
David Warzycha
1.863.860.3365
Coldwell Banker Ackley Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: S5045129
Last Updated: 01/16/2021
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