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620 Hardwood Cir Orlando, FL 32828

4 Beds 2 Baths 1,914 sqft Built 2000

$380,000

List Price

$1,880

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $198.54
  • 4 Days on Market
  • MLS # : O5916841
  • Updated Date : 01/15/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,914 sqft
  • Baths : 2 full
Listing Agent

Keller Williams At The Parks

Listing Agent's Description

Amazing, completely renovated 4 bedroom 2 bath pool home with a pond view! Step inside to the formal entry that includes a coat closet. Then into the large formal living room w/an updated light fixture. Your 11x10 private home office or 5th bedroom is just down the hallway leading into your huge family room and open concept kitchen. Your gorgeous kitchen features new cabinets, granite counter tops, Whirlpool stainless appliance suite and breakfast bar overlooking your dining space and family room. The family room features a fabulous wood burning fireplace and French doors out to your screened in patio and pool with magnificent pond views. You’ll love the master suite with private bath featuring double vanity sinks and a large newly tiled walk in shower plus a soak in tub. Three more bedrooms are down the other hall and share the renovated hall bath with all new everything! New A/C, New Roof, new ceiling fans, light fixtures, tile and more. Totally move in ready and located in an established community! Schedule your showing today.

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: Waterford Chase Village

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $105k390k

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

Neighborhood: Waterford Chase Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10292089

* 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
Camelot Elementary School Primary Regular 615 40 7
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Timber Creek High School High Regular 3,132 161 8

Camelot Elementary School

  • Education Level: Primary
  • # of students: 615
  • # of teachers: 40
7
GreatSchools Rating

Cornerstone Charter Academy K-8

  • Education Level: Middle
  • # of students: 933
  • # of teachers: 52
7
GreatSchools Rating

Timber Creek High School

  • Education Level: High
  • # of students: 3,132
  • # of teachers: 161
8
GreatSchools Rating
 

$342,000$418,000$380,000

PURCHASE PRICE

$1,692$2,068$1,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,880
EXPENSES Loan Payment -$1,320
Property Tax -$432
Property Insurance -$150
HOA -$35
Property Management Fees -$129
CASH FLOW
-$187

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.

$380,000

PROJECTED PRICE

$1,880

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 5.1%
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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$106,450

INVESTMENT

$106,450

Down Payment
$95,000
Rehab Estimate
$5,750
Closing Costs
$5,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,320

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $95,000
Loan Amount $285,000
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$8,872

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,880

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,876

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8693$1,8804$1,9605$1,995
$1,995
RENT COMPS ANALYSIS
  • 620 Hardwood Cir Orlando, FL 3
    • 4 beds 2 baths ∙ 1,914 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,914 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $0.98
    •  
  • 541 Hardwood Cir Orlando, FL 1
    • 4 beds 2 baths ∙ 1,934 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,934 Sqft ∙ Built 1999
    LEASED 12/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.90
    •  
  • 14011 Yellow Wood Cir Orlando, FL 2
    • 4 beds 2 baths ∙ 1,899 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,899 Sqft ∙ Built 2000
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,869
    • $0.98
    •  
  • 712 Hardwood Cir Orlando, FL 4
    • 4 beds 2 baths ∙ 1,909 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,909 Sqft ∙ Built 2000
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,960
    • $1.03
    •  
  • 14136 Yellow Wood Cir Orlando, FL 5
    • 4 beds 2 baths ∙ 1,971 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,971 Sqft ∙ Built 1999
    LEASED 12/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.01
    •  
PROPERTY LISTING DETAILS
Thomas Nickley, Jr
1.321.945.1152
Keller Williams At The Parks
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5916841
Last Updated: 01/15/2021
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