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342 Chicago Woods Cir Orlando, FL 32824

4 Beds 2 Baths 1,718 sqft Built 1988

$270,000

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $157.16
  • 6 Days on Market
  • MLS # : S5045657
  • Updated Date : 01/28/2021 at 18:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,718 sqft
  • Baths : 2 full
Listing Agent

Century 21 Four Corners Realty

Listing Agent's Description

This quaint home is move in ready with NO HOA!!!! Conveniently located near schools, parks, highways and shopping. Minutes to the Orlando International airport, all amusement parks and the Sun Rail station. Don't wait and pass up the opportunity to make this your home!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Meadow Woods Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $84k253k

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

Neighborhood: Meadow Woods Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8931712

* 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
Meadow Woods Elementary School Primary Regular 520 37 3
Meadow Woods Middle School Middle Regular 1,036 61 3
Cypress Creek High School High Magnet 3,124 148 5

Meadow Woods Elementary School

  • Education Level: Primary
  • # of students: 520
  • # of teachers: 37
3
GreatSchools Rating

Meadow Woods Middle School

  • Education Level: Middle
  • # of students: 1,036
  • # of teachers: 61
3
GreatSchools Rating

Cypress Creek High School

  • Education Level: High
  • # of students: 3,124
  • # of teachers: 148
5
GreatSchools Rating
 

$243,000$297,000$270,000

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$938
Property Tax -$302
Property Insurance -$139
Property Management Fees -$129
CASH FLOW
$283

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.

$270,000

PROJECTED PRICE

$1,790

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 10.4%
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$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

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$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$938

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

10.42

YEARS SAVED

$41,175

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,641

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,508
1$1,5082$1,6003$1,6204$1,7005$1,790
$1,790
RENT COMPS ANALYSIS
  • 342 Chicago Woods Cir Orlando, FL 5
    • 4 beds 2 baths ∙ 1,718 Sqft ∙ Built 1988 4 beds 2 baths ∙ 1,718 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $1.04
    •  
  • 13107 Los Angeles Woods Ln Orlando, FL 1
    • 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 1987
    LEASED 10/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,508
    • $0.98
    •  
  • 527 Iowa Woods Cir E Orlando, FL 2
    • 4 beds 3 baths ∙ 1,818 Sqft ∙ Built 1984 4 beds 3 baths ∙ 1,818 Sqft ∙ Built 1984
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.88
    •  
  • 435 Chicago Woods Cir Orlando, FL 3
    • 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1986
    LEASED 01/23/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $1.04
    •  
  • 298 Chicago Woods Cir Orlando, FL 4
    • 4 beds 3 baths ∙ 1,850 Sqft ∙ Built 1989 4 beds 3 baths ∙ 1,850 Sqft ∙ Built 1989
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.92
    •  
PROPERTY LISTING DETAILS
Jennifer Cardona Sanclemente
1.813.956.0687
Century 21 Four Corners Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: S5045657
Last Updated: 01/28/2021
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