Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

3496 Meadow Breeze Loop Ocoee, FL 34761

4 Beds 3 Baths 1,965 sqft Built 2013

$320,000

List Price

$1,920

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $162.85
  • 4 Days on Market
  • MLS # : O5914668
  • Updated Date : 01/09/2021 at 09:42
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,965 sqft
  • Baths : 3 full
Listing Agent

Keller Williams At The Parks

Listing Agent's Description

Don't miss out on this Beautiful 4 bedroom 3 bath home!! The Brynmar neighborhood boasts large lots in a small, intimate community, within close proximity to great shopping, dining, entertainment, biking/west orange trail. Desirable open floor plan, kitchen/family room combination, perfect for entertaining family and friends! Gourmet kitchen with 42-inch espresso wood cabinetry, Granite counter-tops, Whirlpool stainless steel appliances, walk-in pantry, chef-style island, recessed lighting with modern finishes. Large master suite with a large walk-in closet and en-suite bath that boasts dual sink vanity, walk-in shower and his and hers walk-in closets. There are three additional bedrooms and two full baths along with a large laundry room with cabinets for extra storage. Step outside to the pavered patio area , large backyard, enclosed by a privacy fence which is ideal for entertaining a large event or spending quiet time. Additional features of this home include a solar panel for the water heater, New water filter system and a 2 car garage. Come and see what this lovely home has to offer.

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: Ocoee

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $109k280k

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

Neighborhood: Ocoee

ZipNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9361877

* 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
 

$288,000$352,000$320,000

PURCHASE PRICE

$1,728$2,112$1,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$1,111
Property Tax -$404
Property Insurance -$154
HOA -$47
Property Management Fees -$129
CASH FLOW
$75

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.

$320,000

PROJECTED PRICE

$1,920

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 4.0%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,111

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

6

YEARS SAVED

$21,457

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,920

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,651

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,6953$1,7954$1,9005$1,920
$1,920
RENT COMPS ANALYSIS
  • 3496 Meadow Breeze Loop Ocoee, FL 5
    • 4 beds 3 baths ∙ 1,965 Sqft ∙ Built 2013 4 beds 3 baths ∙ 1,965 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $1,920
    • $0.98
    •  
  • 1778 Palmerston Cir Ocoee, FL 1
    • 3 beds 2 baths ∙ 2,042 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,042 Sqft ∙ Built 2006
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.66
    •  
  • 2467 El Marra Dr Ocoee, FL 2
    • 4 beds 2 baths ∙ 1,928 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,928 Sqft ∙ Built 2004
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.88
    •  
  • 2532 Grand Poplar St Ocoee, FL 3
    • 4 beds 2 baths ∙ 2,099 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,099 Sqft ∙ Built 1999
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.86
    •  
  • 3586 Cowden Ct Ocoee, FL 4
    • 4 beds 2 baths ∙ 1,978 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,978 Sqft ∙ Built 2005
    LEASED 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.96
    •  
PROPERTY LISTING DETAILS
Marc George
1.407.992.5808
Keller Williams At The Parks
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5914668
Last Updated: 01/09/2021
BESbswy