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7805 Wicklow Cir Orlando, FL 32817

3 Beds 2 Baths 1,531 sqft Built 1992

$295,000

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1992
  • Price/Sqft : $192.68
  • 9 Days on Market
  • MLS # : O5901845
  • Updated Date : 10/31/2020 at 15:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,531 sqft
  • Baths : 2 full
Listing Agent

Opendoor Brokerage Llc

Listing Agent's Description

This Orlando one-story home offers a two-car garage. This home is vacant and cleaned regularly.

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: Bradford Cove

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $105k301k

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

Neighborhood: Bradford Cove

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7641723

* 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
 

$265,500$324,500$295,000

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$1,088
Property Tax -$336
Property Insurance -$128
HOA -$29
Property Management Fees -$140
CASH FLOW
-$170

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.

$295,000

PROJECTED PRICE

$1,550

PROJECTED RENT

0.53%

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$200k$400k$600k$800k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,088

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$3,299

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,550

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,546

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,538
1$1,5382$1,5503$1,6004$1,6755$1,795
$1,795
RENT COMPS ANALYSIS
  • 7805 Wicklow Cir Orlando, FL 2
    • 3 beds 2 baths ∙ 1,531 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,531 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.01
    •  
  • 8027 Port Said St Orlando, FL 1
    • 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1977
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,538
    • $1.09
    •  
  • 7772 Wicklow Cir Orlando, FL 3
    • 3 beds 2 baths ∙ 1,771 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,771 Sqft ∙ Built 1992
    LEASED 06/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.90
    •  
  • 7909 Waldorf Ct Orlando, FL 4
    • 3 beds 2 baths ∙ 1,628 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,628 Sqft ∙ Built 1992
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $1.03
    •  
  • 8042 Crushed Pepper Ave Orlando, FL 5
    • 3 beds 2 baths ∙ 1,752 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,752 Sqft ∙ Built 2010
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.02
    •  
PROPERTY LISTING DETAILS
Alli Johnston
1.407.634.1744
Opendoor Brokerage Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5901845
Last Updated: 10/31/2020
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