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4067 Boca Woods Dr Orlando, FL 32826

4 Beds 3 Baths 1,464 sqft Built 1999

$245,000

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $167.35
  • 3 Days on Market
  • MLS # : O5912366
  • Updated Date : 12/19/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,464 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Residential Re

Listing Agent's Description

Wow! Amazing house, price, and opportunity near UCF! Make sure you include this fantastic 4 bedroom, 2.5 bath, pond front home on your must see list. This home’s floor plan makes great use of space with 4 good size bedrooms, a welcoming family room and a large kitchen with granite countertops and a dining area that overlooks the pond. The master retreat is located on the first floor and features; engineered hardwood floors, a tray ceiling, a great view of the pond, and a spacious master bathroom. The second story has the other 3 bedrooms and a full bathroom. The subdivision offers a refreshing community pool and tennis court to enhance your healthy living and it is conveniently located near UCF, the Research Park and the Quadrangle business center. Call for your appointment today! Roof replaced 11/2014 per public record/permit.

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MARKET HIGHLIGHTS

  • 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.
  • 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.

PRICE & RENT TRENDS

Neighborhood: Sanctuary

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $105k331k

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

Neighborhood: Sanctuary

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000Rent in $8722089

* 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
 

$220,500$269,500$245,000

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$904
Property Tax -$297
Property Insurance -$124
HOA -$32
Property Management Fees -$129
CASH FLOW
$225

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.

$245,000

PROJECTED PRICE

$1,710

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 8.2%
Maintenance Year (1-5) 8.00%
Vacancy 5.99%
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$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,675

INVESTMENT

$70,675

Down Payment
$61,250
Rehab Estimate
$5,750
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$904

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $61,250
Loan Amount $183,750
See What Happens When You Reinvest Cash Flow

10.17

YEARS SAVED

$41,412

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $1.17

    LIST RENT PER SQFT
  • $1,497

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,5503$1,6504$1,7105$1,735
$1,735
RENT COMPS ANALYSIS
  • 4067 Boca Woods Dr Orlando, FL 4
    • 4 beds 3 baths ∙ 1,464 Sqft ∙ Built 1999 4 beds 3 baths ∙ 1,464 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $1.17
    •  
  • 4103 King Edward Dr Orlando, FL 1
    • 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 1996
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.82
    •  
  • 3246 Colorado Ave Orlando, FL 2
    • 3 beds 2 baths ∙ 1,612 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,612 Sqft ∙ Built 1997
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.96
    •  
  • 14012 Rensselaer Rd Orlando, FL 3
    • 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1998
    LEASED 10/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.09
    •  
  • 4005 Coralbrooke Grv Orlando, FL 5
    • 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1999
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,735
    • $1.22
    •  
PROPERTY LISTING DETAILS
William Cervi
1.407.696.8000
Coldwell Banker Residential Re
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5912366
Last Updated: 12/19/2020
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