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4043 Cypress Glades Ln Orlando, FL 32824

3 Beds 2 Baths 1,872 sqft Built 2018

INVESTimate

$320,000

List Price

$1,850

$1,665 - $2,035

Rent Est.

$345,120  ( +7.85%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2018
  • Price/Sqft : $170.94
  • 5 Days on Market
  • MLS # : O5886809
  • Updated Date : 08/22/2020 at 23:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,872 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Enjoy the beautiful pond view from the front porch of this 3 bedroom, 2 bath, plus an office that sits on a lovely corner lot. A paver driveway and walkway lead you into the house where you will find tile flooring that runs throughout. There is a room at the entry which would make the perfect office, den or playroom and another room that could be a formal dining room or office which features a modern style sliding door for privacy. The kitchen boast white cabinetry with a stylish black and white granite countertop and stainless steel appliances including a high end Samsung French door refrigerator, and pendant lighting over the island breakfast bar. The master suite provides a large walk in closet with built in shelves and boasts an en-suite bath with a quartz double sink vanity, a frameless glass enclosed shower and garden tub. The second bath also features quartz countertops. The inside utility room includes a front load washer and dryer. The Reserve at Sawgrass Community includes a playground, community pool, soccer field, and dog walk.

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MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Meadow Woods

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $105k281k

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

Neighborhood: Meadow Woods

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10282094

* 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

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

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$200k$400k$600k$800k$1.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,181
Property Tax -$377
Property Insurance -$148
HOA -$55
Property Management Fees -$167
CASH FLOW
-$77

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

$1,850

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 7.85%
Maintenance Year (1-5) 8.00%
Vacancy 6.01%
Length of Stay Years 2

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

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$9,021

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,850

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,886

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,825
1$1,8252$1,8503$1,9504$2,0005$2,020
$2,020
RENT COMPS ANALYSIS
  • 4043 Cypress Glades Ln Orlando, 2
    • 3 beds 2 baths ∙ 1,872 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,872 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.99
    •  
  • 1554 Plantation Pointe Dr Orlando, 1
    • 4 beds 2 baths ∙ 1,865 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,865 Sqft ∙ Built 2007
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.98
    •  
  • 12208 Sawgrass Reserve Blvd Orlando, 3
    • 3 beds 2 baths ∙ 2,046 Sqft ∙ Built 2017 3 beds 2 baths ∙ 2,046 Sqft ∙ Built 2017
    property image
    LEASED 10/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.95
    •  
  • 3929 Pine Gate Trl Orlando, 4
    • 4 beds 3 baths ∙ 1,965 Sqft ∙ Built 2014 4 beds 3 baths ∙ 1,965 Sqft ∙ Built 2014
    property image
    LEASED 01/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.02
    •  
  • 12270 Prairie Plantation Way Orlando, 5
    • 4 beds 2 baths ∙ 1,863 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,863 Sqft ∙ Built 2016
    property image
    LEASED 10/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $1.08
    •  
PROPERTY LISTING DETAILS
Alex Vastardis
1.407.567.1451
Coldwell Banker Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5886809
Last Updated: 08/22/2020
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