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6845 Tamarind Cir Orlando, FL 32819

3 Beds 2 Baths 1,861 sqft Built 1978

$369,000

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $198.28
  • 3 Days on Market
  • MLS # : O5908652
  • Updated Date : 12/04/2020 at 14:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,861 sqft
  • Baths : 2 full
Listing Agent

Watson Realty Corp., Realtors

Listing Agent's Description

Located in the heart of Dr. Phillips and only minutes from Restaurant Row and I-Drive, this cozy private home has a 3 year old roof and has been renovated with new windows, kitchen cabinets and appliances, bathrooms, baseboards & crown molding, garage ceiling, landscaping, attic and wall insulation, hybrid water heater, variable-speed pool pump, interior/exterior paint, LED lighting/fans, washer/dryer, and pool enclosure. In front of the home is a large covered porch to put a swing or some rockers. As you enter the home through the double glass entry doors you are greeted with a cozy foyer and a large living room off to the left. To the right will be all the bedrooms and baths, and straight forward is the large family room with a nice warm fireplace and large double insulated high efficiency glass doors leading to the pool area. Multiple exterior doors leading from the garage, laundry, family room, and pool bath give the home a great flow. The master bedroom sits quietly in the back corner of the house which includes a nicely appointed master bathroom and walk-in closet. The 2nd bath is shared by the two nice sized additional bedrooms, and has a separate door to access the pool. The kitchen has a breakfast bar and additional eating space with access to a utility/laundry room. A backyard with endless possibilities offers lots of room and privacy to create your own tropical paradise, outdoor sporting activities, grilling, etc. No cost has been spared for this home. Very close distance to DP YMCA, Library, Shopping, Entertainment, Dining. Schedule your private showing today.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Sand Lake Hills

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $105k384k

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

Neighborhood: Sand Lake Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10292363

* 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
Dr. Phillips Elementary School Primary Regular 641 43 9
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Dr. Phillips Elementary School

  • Education Level: Primary
  • # of students: 641
  • # of teachers: 43
9
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
 

$332,100$405,900$369,000

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$1,361
Property Tax -$412
Property Insurance -$147
Property Management Fees -$129
CASH FLOW
-$189

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.

$369,000

PROJECTED PRICE

$1,860

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 6.6%
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-$5.0k$0.0$5.0k$10k

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$103,535

INVESTMENT

$103,535

Down Payment
$92,250
Rehab Estimate
$5,750
Closing Costs
$5,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,361

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,250
Loan Amount $276,750
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$11,375

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,860

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,880

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,390
1$1,3902$1,8603$1,9254$1,9255$1,950
$1,950
RENT COMPS ANALYSIS
  • 6845 Tamarind Cir Orlando, FL 2
    • 3 beds 2 baths ∙ 1,861 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,861 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $1.00
    •  
  • 7044 Burnway Dr Orlando, FL 1
    • 3 beds 2 baths ∙ 1,696 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,696 Sqft ∙ Built 1982
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $0.82
    •  
  • 6748 Tamarind Cir Orlando, FL 3
    • 3 beds 2 baths ∙ 1,664 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,664 Sqft ∙ Built 1977
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $1.16
    •  
  • 6895 Tamarind Cir Orlando, FL 4
    • 4 beds 2 baths ∙ 1,937 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,937 Sqft ∙ Built 1977
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.99
    •  
  • 5968 Valerian Blvd Orlando, FL 5
    • 4 beds 2 baths ∙ 1,826 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,826 Sqft ∙ Built 1973
    LEASED 09/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.07
    •  
PROPERTY LISTING DETAILS
Curt Marksbury
1.407.286.0305
Watson Realty Corp., Realtors
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5908652
Last Updated: 12/04/2020
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