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8686 Chickasaw Farms Ln Orlando, FL 32825

4 Beds 3 Baths 2,569 sqft Built 1983

INVESTimate

$475,000

List Price

$2,240

$2,016 - $2,464

Rent Est.

$513,190  ( +8.04%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 1983
  • Price/Sqft : $184.90
  • 3 Days on Market
  • MLS # : O5886717
  • Updated Date : 08/24/2020 at 22:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,569 sqft
  • Baths : 3 full
Listing Agent

Selective Realty Group Llc

Listing Agent's Description

Welcome to 8686 Chickasaw Farms Lane… THIS HOME OFFERS COUNTRY LIVING AT ITS BEST, while still close to shopping, fine dining and entertainment. And when you need it, there is easy access to major throughways, downtown and the international airport. Just minutes to downtown Orlando and Winter Park as well. This home is nestled near the quaint Rio Pinar Country Club area. The country feel of this home is complete with a quiet setting on 3.22 acres of a beautifully landscaped yard with mature oaks. Homeowner’s Association? Not here! Bring your RV, boat, camper and jet skis! This area is also zoned for horses. This home offers the privacy you crave with the acreage you need to escape fast city living. This 2,569 square foot, 4-bedroom, 3-bath home includes a huge master bedroom downstairs, complete with a custom fireplace, a beautiful family room with a decorative brick fireplace, a large kitchen and a formal dining room. The elegant new staircase leads to the second-floor bedrooms and baths. The covered and newly screened Florida room offers peace and serenity after a long day at the office. The property also includes two sheds, perfect for a workshop and extra storage! This home has decorator touches throughout including custom cabinets, granite counter tops in the kitchen, crown molding and window treatments. There are so many additional features and upgrades: Porcelain tile throughout the first floor, laminate & porcelain tile floors upstairs. Two baths include Jacuzzi tubs. Outside, you will find a ‘no climb’ fence for horses, a chicken house, a goat house, an aluminum carport that is utilized as a run for horses and a privacy fence left side of property. Upgrades include a new shingle roof, a new well pump and pipes, a new heat pump AC unit, less than two years old, a new split wall AC unit and new ductwork downstairs. The home interior and exterior have been painted recently. All three baths have been remodeled. The plumbing is new throughout the kitchen and all three bathrooms, new electric wiring in kitchen and three baths and a new water tank and softener/filters/chlorine system has been installed. New double pane/insulated windows throughout! All new ceiling fans, new light fixtures inside and out, all new wood kitchen cabinets, new refrigerator & dishwasher, new garage door, new stairway, new Florida screen room and a new septic drain field. Set your sites on coming to see this one. It promises to not disappoint!

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MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Chickasaw Farms

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $105k535k

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

Neighborhood: Chickasaw Farms

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10292667

* 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
Deerwood Elementary School Primary Regular 442 42 8
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Deerwood Elementary School

  • Education Level: Primary
  • # of students: 442
  • # of teachers: 42
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
 

$427,500$522,500$475,000

PURCHASE PRICE

$2,016$2,464$2,240

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,240
EXPENSES Loan Payment -$1,753
Property Tax -$540
Property Insurance -$190
Property Management Fees -$202
CASH FLOW
-$444

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.

$475,000

PROJECTED PRICE

$2,240

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 8.04%
Maintenance Year (1-5) 8.00%
Vacancy 5.99%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,753

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,667

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,240

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $2,372

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$2,240
1$2,2402$2,2553$2,3004$2,350
$2,350
RENT COMPS ANALYSIS
  • 8686 Chickasaw Farms Ln Orlando, 1
    • 4 beds 3 baths ∙ 2,569 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,569 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $2,240
    • $0.87
    •  
  • 2718 Old Redpine Way Orlando, 2
    • 4 beds 3 baths ∙ 2,484 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,484 Sqft ∙ Built 2002
    LEASED 11/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,255
    • $0.91
    •  
  • 3562 Fox Hollow Dr Orlando, 3
    • 4 beds 3 baths ∙ 2,533 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,533 Sqft ∙ Built 1991
    LEASED 10/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.91
    •  
  • 2644 Treymore Dr Orlando, 4
    • 4 beds 3 baths ∙ 2,462 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,462 Sqft ∙ Built 2002
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.95
    •  
PROPERTY LISTING DETAILS
Christina Perez
1.407.719.0388
Selective Realty Group Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5886717
Last Updated: 08/24/2020
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