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822 Mclean Ct Orlando, FL 32825

3 Beds 2 Baths 1,179 sqft Built 1996

$249,500

List Price

$1,190

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $211.62
  • 2 Days on Market
  • MLS # : O5931315
  • Updated Date : 03/20/2021 at 19:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,179 sqft
  • Baths : 2 full
Listing Agent

La Rosa Rty Winter Garden Llc

Listing Agent's Description

Wait no longer!! Multiple offer situation, Please present your highest and best offer by 03/21/2021, 4:00 pm. Location, location, location... This charming, well maintained, 3/2/2 home is located less than 1 mile from Valencia College East Campus, 8 miles to Downtown Orlando, less than 10 miles to UCF, with easy access to 408 and 417, Public Transportation, Lake Underhill, Restaurants, Banks and Shopping nearby. Also, "NO HOA" fees!!!! A great opportunity for first time home buyers, investors or down sizing! Freshly painted exterior and interior, move in ready including all major Stainless Steel kitchen appliances, granite counter tops, washer and dryer, high ceilings in the main living area, ceiling fans in each room controlled by remote controls. As an added bonus, the driveway is very long which accommodates at least 2 additional cars. A home like this is in high demand, don't wait, schedule your private showing today!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Orlando ranks 7th in U.S. for economic growth (Milken Instutute/ Orlando Sentinel, 2018)

PRICE & RENT TRENDS

Neighborhood: Valencia Pointe

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $69k253k

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

Neighborhood: Valencia Pointe

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8331712

* 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
Little River Elementary School Primary Regular 483 34 4
Union Park Middle School Middle Regular 873 52 3
University High School High Magnet 3,111 141 5

Little River Elementary School

  • Education Level: Primary
  • # of students: 483
  • # of teachers: 34
4
GreatSchools Rating

Union Park Middle School

  • Education Level: Middle
  • # of students: 873
  • # of teachers: 52
3
GreatSchools Rating

University High School

  • Education Level: High
  • # of students: 3,111
  • # of teachers: 141
5
GreatSchools Rating
 

$224,550$274,450$249,500

PURCHASE PRICE

$1,071$1,309$1,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,190
EXPENSES Loan Payment -$867
Property Tax -$284
Property Insurance -$106
Property Management Fees -$129
CASH FLOW
-$196

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.

$249,500

PROJECTED PRICE

$1,190

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 8.0%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,868

INVESTMENT

$71,868

Down Payment
$62,375
Rehab Estimate
$5,750
Closing Costs
$3,743

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$867

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,375
Loan Amount $187,125
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$1,946

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,190

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $861

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$900
1$9002$9503$9504$9955$1,190
$1,190
RENT COMPS ANALYSIS
  • 822 Mclean Ct Orlando, FL 5
    • 3 beds 2 baths ∙ 1,179 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,179 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $1,190
    • $1.01
    •  
  • 9244 Dubois Blvd Orlando, FL 1
    • 3 beds 2 baths ∙ 1,510 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,510 Sqft ∙ Built 1988
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $900
    • $0.60
    •  
  • 9387 Dubois Blvd Orlando, FL 2
    • 3 beds 2 baths ∙ 1,152 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,152 Sqft ∙ Built 1994
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $950
    • $0.82
    •  
  • 8714 Foley Dr Orlando, FL 3
    • 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 1995
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $950
    • $0.78
    •  
  • 877 Oak Manor Cir Orlando, FL 4
    • 3 beds 2 baths ∙ 1,377 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,377 Sqft ∙ Built 1985
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $995
    • $0.72
    •  
PROPERTY LISTING DETAILS
Judith Ludwick
1.407.690.0019
La Rosa Rty Winter Garden Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5931315
Last Updated: 03/20/2021
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