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3412 Dragoon Pl Orlando, FL 32818

4 Beds 2 Baths 1,599 sqft Built 1973

$232,500

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $145.40
  • 5 Days on Market
  • MLS # : O5925995
  • Updated Date : 02/25/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,599 sqft
  • Baths : 2 full
Listing Agent

Td Homes Real Estate And Builders Llc

Listing Agent's Description

4/2 with an extra room making it 5 bedrooms. BIG BACKYARD & FRONT YARD, and GREAT LOCATION. This beautiful home features a large dining/living room combo, and a spacious family room. All the appliances will stay. Whether you are buying for you and your family to live in, buying as a second/vacation home, or as an investment home; you should not let this opportunity pass you by.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Silver Star Estates

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240kPrice in $49k253k

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

Neighborhood: Silver Star Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8361712

* 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
Pinewood Elementary School Primary Regular 609 44 3
Robinswood Middle School Middle Magnet 1,232 71 2
Evans High School High Magnet 2,355 117 3

Pinewood Elementary School

  • Education Level: Primary
  • # of students: 609
  • # of teachers: 44
3
GreatSchools Rating

Robinswood Middle School

  • Education Level: Middle
  • # of students: 1,232
  • # of teachers: 71
2
GreatSchools Rating

Evans High School

  • Education Level: High
  • # of students: 2,355
  • # of teachers: 117
3
GreatSchools Rating
 

$209,250$255,750$232,500

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$808
Property Tax -$265
Property Insurance -$132
Property Management Fees -$129
CASH FLOW
$117

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.

$232,500

PROJECTED PRICE

$1,450

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 10.3%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$67,363

INVESTMENT

$67,363

Down Payment
$58,125
Rehab Estimate
$5,750
Closing Costs
$3,488

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$808

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $58,125
Loan Amount $174,375
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$21,225

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,450

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,403

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,4503$1,5104$1,5255$1,625
$1,625
RENT COMPS ANALYSIS
  • 3412 Dragoon Pl Orlando, FL 2
    • 4 beds 2 baths ∙ 1,599 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,599 Sqft ∙ Built 1973
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.91
    •  
  • 7611 Havenford Ct Orlando, FL 1
    • 3 beds 2 baths ∙ 1,623 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,623 Sqft ∙ Built 1986
    property image
    LEASED 11/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.80
    •  
  • 7561 Stidham Dr Orlando, FL 3
    • 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 1986
    property image
    LEASED 12/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $0.92
    •  
  • 7630 Jarvis Ct Orlando, FL 4
    • 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 1986
    property image
    LEASED 01/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.87
    •  
  • 3121 Bon Air Dr Orlando, FL 5
    • 3 beds 3 baths ∙ 1,767 Sqft ∙ Built 1960 3 beds 3 baths ∙ 1,767 Sqft ∙ Built 1960
    property image
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.92
    •  
PROPERTY LISTING DETAILS
Wade Darius
1.407.864.5531
Td Homes Real Estate And Builders Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5925995
Last Updated: 02/25/2021
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