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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
$131,625
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PROPERTY INFO
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!
SEE MORE
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Chickasaw Farms
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
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
| 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
INVESTMENT
$131,625
LOAN DETAILS
$1,753
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $118,750 |
| Loan Amount | $356,250 |
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
-
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
1.407.719.0388
Selective Realty Group Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5886717
Last Updated: 08/24/2020
