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431 Cinnamon Bark Ln Orlando, FL 32835

4 Beds 2 Baths 2,814 sqft Built 1984

$348,000

List Price

$2,290

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $123.67
  • 2 Days on Market
  • MLS # : O5918851
  • Updated Date : 01/23/2021 at 16:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,814 sqft
  • Baths : 2 full
Listing Agent

Blueprint Re Group Llc

Listing Agent's Description

Spacious home located in exclusive wooded neighborhood. Perfect for investors and buyers with vision. Large gate off driveway leads to oversized storage shed and backyard - bring your tools, toys and equipment, no HOA. Central location between Winter Garden, Ocoee, Metrowest and Downtown Orlando. AS-IS sale.

SEE MORE

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: Oak Meadows

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $69k253k

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

Neighborhood: Oak Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8951749

* 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
 

$313,200$382,800$348,000

PURCHASE PRICE

$2,061$2,519$2,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,290
EXPENSES Loan Payment -$1,209
Property Tax -$396
Property Insurance -$204
Property Management Fees -$129
CASH FLOW
$352

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.

$348,000

PROJECTED PRICE

$2,290

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 12.2%
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$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,970

INVESTMENT

$97,970

Down Payment
$87,000
Rehab Estimate
$5,750
Closing Costs
$5,220

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,209

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,000
Loan Amount $261,000
See What Happens When You Reinvest Cash Flow

10

YEARS SAVED

$50,561

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,290

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $2,730

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$2,290
1$2,2902$2,4003$2,4954$2,4955$2,695
$2,695
RENT COMPS ANALYSIS
  • 431 Cinnamon Bark Ln Orlando, FL 1
    • 4 beds 2 baths ∙ 2,814 Sqft ∙ Built 1984 4 beds 2 baths ∙ 2,814 Sqft ∙ Built 1984
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,290
    • $0.81
    •  
  • 7924 Bridgestone Dr Orlando, FL 2
    • 4 beds 3 baths ∙ 2,476 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,476 Sqft ∙ Built 1996
    property image
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.97
    •  
  • 8266 Lexington View Ln Orlando, FL 3
    • 4 beds 3 baths ∙ 2,554 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,554 Sqft ∙ Built 2000
    property image
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.98
    •  
  • 7142 Hiawassee Overlook Dr Orlando, FL 4
    • 5 beds 3 baths ∙ 2,645 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,645 Sqft ∙ Built 2000
    property image
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.94
    •  
  • 8107 Vineland Oaks Blvd Orlando, FL 5
    • 4 beds 3 baths ∙ 2,717 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,717 Sqft ∙ Built 1994
    property image
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.99
    •  
PROPERTY LISTING DETAILS
Dianne Moore
1.407.494.7575
Blueprint Re Group Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5918851
Last Updated: 01/23/2021
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