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5126 Clarion Oaks Dr Orlando, FL 32808

3 Beds 2 Baths 1,364 sqft Built 1991

$237,000

List Price

$1,360

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $173.75
  • 2 Days on Market
  • MLS # : O5912864
  • Updated Date : 12/26/2020 at 11:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,364 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Classic

Listing Agent's Description

MOVE IN READY home in a long established and quiet community of Clarion Oaks! It is rare to have a house go on the market in this neighborhood and this is a great opportunity for a fantastic house that will meet all your needs! As you pull in front of the house you'll immediately notice how neat and tidy the property is, and how well kept the house looks! As soon as you walk in you will notice that this house has wonderfully vaulted ceilings, and a casual and comfortable living space with the kitchen opening to the living space and with a wonderful bay window with room to enjoy your coffee and breakfast. The master bedroom is spacious and has great closet space, and is located in the rear of the house and has windows that look onto the back yard space. The master bath has been updated ! The remaining two bedrooms and bathroom are located at the front of the house and that bathroom has also been updated! As a bonus, these owners have converted part of the garage for a bonus room, den, office or homeschool space all under air! Such a great house perfect for a first time buyer in a long established and quiet community of clarion oaks ! Schedule your tour TODAY! Check out the link on the virtual tour to walk through this house virtually.

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: Rosemont North

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $69k253k

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

Neighborhood: Rosemont North

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
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
 

$213,300$260,700$237,000

PURCHASE PRICE

$1,224$1,496$1,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,360
EXPENSES Loan Payment -$874
Property Tax -$294
Property Insurance -$118
HOA -$26
Property Management Fees -$129
CASH FLOW
-$81

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.

$237,000

PROJECTED PRICE

$1,360

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 10.9%
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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$68,555

INVESTMENT

$68,555

Down Payment
$59,250
Rehab Estimate
$5,750
Closing Costs
$3,555

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$874

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $59,250
Loan Amount $177,750
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$7,839

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,360

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,054

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$900
1$9002$9003$1,0004$1,3605$1,435
$1,435
RENT COMPS ANALYSIS
  • 5126 Clarion Oaks Dr Orlando, FL 4
    • 3 beds 2 baths ∙ 1,364 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,364 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $1,360
    • $1.00
    •  
  • 4726 Robbins Ave Orlando, FL 1
    • 3 beds 2 baths ∙ 1,184 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,184 Sqft ∙ Built 1994
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $900
    • $0.76
    •  
  • 4822 Nantucket Ln Orlando, FL 2
    • 3 beds 2 baths ∙ 1,195 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,195 Sqft ∙ Built 1975
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $900
    • $0.75
    •  
  • 4773 Lantern Ct Orlando, FL 3
    • 3 beds 2 baths ∙ 1,366 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,366 Sqft ∙ Built 1998
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,000
    • $0.73
    •  
  • 5406 Britan Dr Orlando, FL 5
    • 4 beds 2 baths ∙ 1,679 Sqft ∙ Built 1988 4 beds 2 baths ∙ 1,679 Sqft ∙ Built 1988
    LEASED 08/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,435
    • $0.85
    •  
PROPERTY LISTING DETAILS
Cassie Lamoureux
1.407.432.9180
Keller Williams Classic
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5912864
Last Updated: 12/26/2020
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