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7804 Jaffa Dr Orlando, FL 32835

3 Beds 2 Baths 1,612 sqft Built 1985

$289,900

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

February 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $179.84
  • 5 Days on Market
  • MLS # : O5922111
  • Updated Date : 02/11/2021 at 20:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,612 sqft
  • Baths : 2 full
Listing Agent

Creegan Group

Listing Agent's Description

**SELLER HAS RECEIVED MULTIPLE OFFERS AND IS ASKING FOR ALL HIGHEST & BEST OFFERS TO BE SUBMITTED BY 5:00 p.m. on Friday 2/12/2021.** You’re going to love this beautiful fully updated (2020) 3 Bed 2 Bath 2 car garage home in the established community of Valencia Hills. As you enter your new home you instantly notice the open floor plan, cathedral ceilings and the abundance of natural light. The kitchen offers new cabinets, quartz countertops with breakfast bar, stainless steel appliances (2020) and stunning light fixtures that add a level of sophistication. The kitchen & family room combo makes this home perfect for entertaining all of your guests. French doors lead you to the large screened covered patio off the family room. Elegant wood plank laminate flooring flows throughout the living areas and bedrooms. The spacious owners suite offers his and hers walk in closets with a large flex room with private access to the patio that could be a great office, home gym or nursery. The inviting en-suite offers dual vanities with quartz countertops and a beautiful walk in shower. The large fully fenced backyard is perfect for your pets and has a large shed for your tools or toys and there’s plenty of room to build a pool if desired. This home has a newer HVAC, recently updated dual pane windows and was fully re-piped in 2020. Conveniently located near SR408 and less than 30 minutes from the theme parks. Approximately 1 hour to the east coast beaches!

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: Valencia Hills

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $97k331k

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

Neighborhood: Valencia Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9882089

* 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
Frangus Elementary School Primary Regular 619 44 4
Gotha Middle School Middle Regular 1,272 67 3
Olympia High School High Regular 2,990 134 7

Frangus Elementary School

  • Education Level: Primary
  • # of students: 619
  • # of teachers: 44
4
GreatSchools Rating

Gotha Middle School

  • Education Level: Middle
  • # of students: 1,272
  • # of teachers: 67
3
GreatSchools Rating

Olympia High School

  • Education Level: High
  • # of students: 2,990
  • # of teachers: 134
7
GreatSchools Rating
 

$260,910$318,890$289,900

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$1,007
Property Tax -$330
Property Insurance -$132
HOA -$17
Property Management Fees -$129
CASH FLOW
$165

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.

$289,900

PROJECTED PRICE

$1,780

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 5.6%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

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$82,574

INVESTMENT

$82,574

Down Payment
$72,475
Rehab Estimate
$5,750
Closing Costs
$4,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,475
Loan Amount $217,425
See What Happens When You Reinvest Cash Flow

8.42

YEARS SAVED

$32,435

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $1,781

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,7253$1,7804$1,8505$2,000
$2,000
RENT COMPS ANALYSIS
  • 7804 Jaffa Dr Orlando, FL 3
    • 3 beds 2 baths ∙ 1,612 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,612 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $1.10
    •  
  • 7223 Seamans Blf Orlando, FL 1
    • 3 beds 2 baths ∙ 1,487 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,487 Sqft ∙ Built 1982
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.04
    •  
  • 8138 Lesia Cir Orlando, FL 2
    • 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 1987
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $1.13
    •  
  • 7428 Herricks Loop Orlando, FL 4
    • 3 beds 2 baths ∙ 1,616 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,616 Sqft ∙ Built 1989
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.14
    •  
  • 7811 Bay Cedar Dr Orlando, FL 5
    • 4 beds 2 baths ∙ 1,802 Sqft ∙ Built 1986 4 beds 2 baths ∙ 1,802 Sqft ∙ Built 1986
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.11
    •  
PROPERTY LISTING DETAILS
Randy Adams
1.321.438.1027
Creegan Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5922111
Last Updated: 02/11/2021
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