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6633 Whirlaway Cir Orlando, FL 32818

3 Beds 2 Baths 1,360 sqft Built 1985

$267,000

List Price

$1,320

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $196.32
  • 41 Days on Market
  • MLS # : O5903485
  • Updated Date : 12/12/2020 at 12:57
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,360 sqft
  • Baths : 2 full
Listing Agent

Re/max Prime Properties

Listing Agent's Description

Don't miss out on this beautifully renovated 3 bedroom 2 bath home with a spacious, open floor plan. It is move-in ready and waiting for you to make it your own. The interior offers high ceilings, separate living, dining and family rooms, laminate floors in the main living areas, a fireplace in the family room and a large master bedroom suite. Just completed renovations include a brand roof, new upgraded kitchen cabinets with granite counter tops, tile backsplash and new stainless appliances, new garage door, new bath vanities with granite tops, new ceiling fans & lights and new paint. On the exterior, you will love the large rear fenced yard with plenty of room. Located in the Horseshoe Bend community of Orlando the home offers you quick access to the 408 expressway, the 429 beltway and it is just a few minutes’ drive to MetroWest and Universal Studios.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Orlando metro employment growth is at 3.5% and predicted to grow at 2.5% in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Horseshoe Bend

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $69k253k

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

Neighborhood: Horseshoe Bend

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
 

$240,300$293,700$267,000

PURCHASE PRICE

$1,188$1,452$1,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,320
EXPENSES Loan Payment -$985
Property Tax -$300
Property Insurance -$117
HOA -$17
Property Management Fees -$129
CASH FLOW
-$228

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.

$267,000

PROJECTED PRICE

$1,320

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 11.3%
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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

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$76,505

INVESTMENT

$76,505

Down Payment
$66,750
Rehab Estimate
$5,750
Closing Costs
$4,005

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$985

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,750
Loan Amount $200,250
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$2,252

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,320

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,081

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$950
1$9502$1,1503$1,3004$1,3205$1,435
$1,435
RENT COMPS ANALYSIS
  • 6633 Whirlaway Cir Orlando, FL 4
    • 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1985
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,320
    • $0.97
    •  
  • 6816 Colony Oaks Ln Orlando, FL 1
    • 3 beds 2 baths ∙ 1,303 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,303 Sqft ∙ Built 1986
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $950
    • $0.73
    •  
  • 5007 Shale Ridge Trl Orlando, FL 2
    • 3 beds 2 baths ∙ 1,470 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,470 Sqft ∙ Built 2004
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.78
    •  
  • 5852 Elon Dr Orlando, FL 3
    • 3 beds 2 baths ∙ 1,592 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,592 Sqft ∙ Built 1975
    property image
    LEASED 06/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.82
    •  
  • 5406 Britan Dr Orlando, FL 5
    • 4 beds 2 baths ∙ 1,679 Sqft ∙ Built 1988 4 beds 2 baths ∙ 1,679 Sqft ∙ Built 1988
    property image
    LEASED 08/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,435
    • $0.85
    •  
PROPERTY LISTING DETAILS
Milton James
1.407.572.4458
Re/max Prime Properties
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5903485
Last Updated: 12/12/2020
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