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3601 Idle Hour Dr Orlando, FL 32822

4 Beds 3 Baths 1,811 sqft Built 1991

$345,000

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $190.50
  • 3 Days on Market
  • MLS # : O5921742
  • Updated Date : 02/05/2021 at 20:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,811 sqft
  • Baths : 2 full , 1 half
Listing Agent

Venture Home Realty

Listing Agent's Description

***NEW Roof*** was installed January 2021 with transferable 10 year warranty and new AC was also installed in the year 2020. This beautiful two-story home Features a 4 Bedroom, 2/1 Bath and a 2 car garage. Located in Orlando’s Best Kept Secret gated community of Ventura Country Club. The first level will welcome you with its open floor plan, vaulted high ceilings and open staircase. A formal living with a fireplace as a focal point will be the perfect place for your family memories. Kitchen has stainless-steel appliances, granite and a spacious dinette area which boasts lots of sunshine where you can enjoy your morning sunlight. The master suite is also located in the first floor featuring a huge walk-in closet, walk-in shower with his & her sink. Upstairs you have three bedrooms and a full bathroom. Ventura Country Club is an 18-hole golf course with bar restaurant clubhouse, Olympic size swimming community pool, tennis, Basketball, Bocce Ball, playground, walking trails, lake views and private beach to enjoy the outdoors. Don’t miss this great opportunity call for a private showing! This well maintained home is close to Airport and a short drive to Downtown Orlando.

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: Ventura

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240kPrice in $47k253k

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

Neighborhood: Ventura

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8951712

* 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
Ventura Elementary School Primary Regular 787 53 3
Stonewall Jackson Middle School Middle Magnet 1,292 70 2
Colonial High School High Magnet 3,339 160 4

Ventura Elementary School

  • Education Level: Primary
  • # of students: 787
  • # of teachers: 53
3
GreatSchools Rating

Stonewall Jackson Middle School

  • Education Level: Middle
  • # of students: 1,292
  • # of teachers: 70
2
GreatSchools Rating

Colonial High School

  • Education Level: High
  • # of students: 3,339
  • # of teachers: 160
4
GreatSchools Rating
 

$310,500$379,500$345,000

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$1,198
Property Tax -$429
Property Insurance -$144
HOA -$165
Property Management Fees -$129
CASH FLOW
-$195

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.

$345,000

PROJECTED PRICE

$1,870

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 8.2%
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$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$97,175

INVESTMENT

$97,175

Down Payment
$86,250
Rehab Estimate
$5,750
Closing Costs
$5,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,198

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $86,250
Loan Amount $258,750
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$3,903

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,870

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,856

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,8503$1,8704$1,9005$1,995
$1,995
RENT COMPS ANALYSIS
  • 3601 Idle Hour Dr Orlando, FL 3
    • 4 beds 3 baths ∙ 1,811 Sqft ∙ Built 1991 4 beds 3 baths ∙ 1,811 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $1.03
    •  
  • 3641 Idle Hour Dr Orlando, FL 1
    • 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 1991
    LEASED 12/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.01
    •  
  • 3419 Santa Monica Dr Orlando, FL 2
    • 3 beds 3 baths ∙ 1,938 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,938 Sqft ∙ Built 1995
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.95
    •  
  • 2877 Autumn Green Dr Orlando, FL 4
    • 3 beds 3 baths ∙ 1,851 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,851 Sqft ∙ Built 1990
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.03
    •  
  • 3425 Brookwater Cir Orlando, FL 5
    • 4 beds 3 baths ∙ 1,795 Sqft ∙ Built 1994 4 beds 3 baths ∙ 1,795 Sqft ∙ Built 1994
    LEASED 12/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.11
    •  
PROPERTY LISTING DETAILS
Jose Renta
1.407.460.2073
Venture Home Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5921742
Last Updated: 02/05/2021
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