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519 Shoal Creek Dr Ocoee, FL 34761

4 Beds 2 Baths 2,266 sqft Built 1995

INVESTimate

$330,000

List Price

$1,920

$1,728 - $2,112

Rent Est.

$355,344  ( +7.68%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1995
  • Price/Sqft : $145.63
  • 7 Days on Market
  • MLS # : G5032739
  • Updated Date : 08/21/2020 at 16:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,266 sqft
  • Baths : 2 full
Listing Agent

La Rosa Realty Horizons Llc

Listing Agent's Description

Former Builders Model! This 4 bedroom 2 bathroom POOL home has plenty of space for the whole family. Not only are there 4 bedrooms, there is also the converted garage that can be used as a large office, bonus room or a 5th bedroom. When you enter through the large foyer, there is a living room to your right that leads to the dining room. The kitchen features granite countertops and stainless steel appliances with the breakfast bar overlooking the cozy family room. A wood burning fireplace is the centerpiece of the family room and which is also visible from the kitchen and dinette. The master bedroom/bathroom features a walk in closet, garden tub with a separate shower. On the other side of the home there are three bedrooms and a pool bath with an exterior door leading directly to the patio. A large covered patio is the perfect place to gather with family and friends to visit and enjoy the sparkling pool or relax after a busy day in the overflowing spa. If you have pets, the backyard is already completely fenced. You will also love the convenient location with easy access to the Florida Turnpike and 408.

SEE MORE

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: Shoal Creek

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $109k293k

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

Neighborhood: Shoal Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9061877

* 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
 

$297,000$363,000$330,000

PURCHASE PRICE

$1,728$2,112$1,920

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 $1,920
EXPENSES Loan Payment -$1,218
Property Tax -$417
Property Insurance -$172
HOA -$22
Property Management Fees -$173
CASH FLOW
-$80

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.

$330,000

PROJECTED PRICE

$1,920

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 7.68%
Maintenance Year (1-5) 8.00%
Vacancy 6.01%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,218

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$9,108

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,920

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,728

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,7503$1,8004$1,8505$1,920
$1,920
RENT COMPS ANALYSIS
  • 519 Shoal Creek Dr Ocoee, 5
    • 4 beds 2 baths ∙ 2,266 Sqft ∙ Built 1995 4 beds 2 baths ∙ 2,266 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,920
    • $0.85
    •  
  • 816 Kazaros Cir Ocoee, 1
    • 4 beds 3 baths ∙ 2,177 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,177 Sqft ∙ Built 2006
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.69
    •  
  • 403 Abbeyridge Ct Ocoee, 2
    • 4 beds 2 baths ∙ 2,135 Sqft ∙ Built 1991 4 beds 2 baths ∙ 2,135 Sqft ∙ Built 1991
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.82
    •  
  • 850 Kazaros Cir Ocoee, 3
    • 4 beds 3 baths ∙ 2,561 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,561 Sqft ∙ Built 2006
    LEASED 05/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.70
    •  
  • 916 Hire Cir Ocoee, 4
    • 4 beds 2 baths ∙ 2,212 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,212 Sqft ∙ Built 2006
    LEASED 09/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.84
    •  
PROPERTY LISTING DETAILS
Terri Kuebbeler
1.321.299.3189
La Rosa Realty Horizons Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: G5032739
Last Updated: 08/21/2020
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