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6221 Oakcrest Cir Orlando, FL 32808

3 Beds 2 Baths 1,139 sqft Built 1963

$214,999

List Price

$1,240

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $188.76
  • 4 Days on Market
  • MLS # : O5924390
  • Updated Date : 02/19/2021 at 11:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,139 sqft
  • Baths : 1 full , 1 half
Listing Agent

Centric Realty Services Llc

Listing Agent's Description

NO HOA !! Great Opportunity! Beautiful 3 bedroom home with open space and plenty of room in the back yard for entertainment. Friendly neighborhood with central air and nice curb appeal. Don't wait, CALL FOR SHOWING TODAY !!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Pine Ridge Estates

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240kPrice in $49k253k

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

Neighborhood: Pine Ridge Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8151712

* 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
Ridgewood Park Elementary School Primary Regular 762 47 3
Meadowbrook Middle School Middle Regular 932 53 2
Evans High School High Magnet 2,355 117 3

Ridgewood Park Elementary School

  • Education Level: Primary
  • # of students: 762
  • # of teachers: 47
3
GreatSchools Rating

Meadowbrook Middle School

  • Education Level: Middle
  • # of students: 932
  • # of teachers: 53
2
GreatSchools Rating

Evans High School

  • Education Level: High
  • # of students: 2,355
  • # of teachers: 117
3
GreatSchools Rating
 

$193,499$236,499$214,999

PURCHASE PRICE

$1,116$1,364$1,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,240
EXPENSES Loan Payment -$747
Property Tax -$245
Property Insurance -$104
Property Management Fees -$129
CASH FLOW
$15

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.

$214,999

PROJECTED PRICE

$1,240

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 12.4%
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

PROJECTED ANNUAL CASH FLOW

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$62,725

INVESTMENT

$62,725

Down Payment
$53,750
Rehab Estimate
$5,750
Closing Costs
$3,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$747

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $53,750
Loan Amount $161,249
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$11,934

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,240

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $1,014

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,067
1$1,0672$1,1003$1,2404$1,2505$1,350
$1,350
RENT COMPS ANALYSIS
  • 6221 Oakcrest Cir Orlando, FL 3
    • 3 beds 2 baths ∙ 1,139 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,139 Sqft ∙ Built 1963
    • Rent
    • Rent Per SQFT
    •  
    • $1,240
    • $1.09
    •  
  • 5613 Elon Drive Orlando, FL 1
    • 3 beds 2 baths ∙ 1,218 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,218 Sqft ∙ Built 1960
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,067
    • $0.88
    •  
  • 6206 Forest Grove Blvd Orlando, FL 2
    • 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 1962
    LEASED 02/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.90
    •  
  • 5309 Grandview Dr Orlando, FL 4
    • 4 beds 2 baths ∙ 1,479 Sqft ∙ Built 1959 4 beds 2 baths ∙ 1,479 Sqft ∙ Built 1959
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.85
    •  
  • 5867 North Ln Orlando, FL 5
    • 3 beds 2 baths ∙ 1,448 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,448 Sqft ∙ Built 1975
    LEASED 07/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.93
    •  
PROPERTY LISTING DETAILS
Marge Sillien
1.407.218.2986
Centric Realty Services Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5924390
Last Updated: 02/19/2021
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