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7801 Chediston Cir Orlando, FL 32817

3 Beds 2 Baths 1,143 sqft Built 1993

$250,000

List Price

$1,380

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $218.72
  • 6 Days on Market
  • MLS # : O5916297
  • Updated Date : 01/13/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,143 sqft
  • Baths : 2 full
Listing Agent

Realty Group Specialists, Llc

Listing Agent's Description

Why rent when you can purchase this well maintained home. Centrally located home close to UCF, Valencia College, and Full Sail. Close to major highways, expressways, and stores as well. House was re plumbed in 2019, shower and bathtub in bathrooms updated as well. Recently painted outside. Tile and laminate flooring throughout for easy cleaning. All appliances included. This home is ready for your personal touch and can be ready to enjoy for years to come. Come and view it and make it yours...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: Meadows of Chickasaw

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $66k253k

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

Neighborhood: Meadows of Chickasaw

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400150016001700Rent in $6391712

* 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
Cheney Elementary School Primary Regular 509 33 8
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Cheney Elementary School

  • Education Level: Primary
  • # of students: 509
  • # of teachers: 33
8
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
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,242$1,518$1,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,380
EXPENSES Loan Payment -$868
Property Tax -$284
Property Insurance -$104
Property Management Fees -$129
CASH FLOW
-$6

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.

$250,000

PROJECTED PRICE

$1,380

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 8.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.01%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

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$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$12,752

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,380

    LIST RENT
  • $1.21

    LIST RENT PER SQFT
  • $1,160

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,150
1$1,1502$1,1753$1,3804$1,3995$1,538
$1,538
RENT COMPS ANALYSIS
  • 7801 Chediston Cir Orlando, FL 3
    • 3 beds 2 baths ∙ 1,143 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,143 Sqft ∙ Built 1993
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,380
    • $1.21
    •  
  • 2609 Newbolt Dr Orlando, FL 1
    • 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 1993
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.94
    •  
  • 9533 Bandelier Dr Orlando, FL 2
    • 3 beds 2 baths ∙ 1,193 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,193 Sqft ∙ Built 1988
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,175
    • $0.98
    •  
  • 8215 Golden Chickasaw Cir Orlando, FL 4
    • 3 beds 2 baths ∙ 1,334 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,334 Sqft ∙ Built 1996
    property image
    LEASED 08/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $1.05
    •  
  • 8027 Port Said St Orlando, FL 5
    • 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1977
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,538
    • $1.09
    •  
PROPERTY LISTING DETAILS
Aidilyn Fuentes
1.407.760.2332
Realty Group Specialists, Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5916297
Last Updated: 01/13/2021
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