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8770 Sidley Ln Orlando, FL 32832

4 Beds 4 Baths 2,741 sqft Built 2014

INVESTimate

$429,900

List Price

$2,470

$2,223 - $2,717

Rent Est.

$453,459  ( +5.48%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 2014
  • Price/Sqft : $156.84
  • 3 Days on Market
  • MLS # : O5887263
  • Updated Date : 08/25/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,741 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Legacy Realty

Listing Agent's Description

Welcome to Randal Park, an upscale community in the Lake Nona area. Enjoy several walking trails and monthly community events giving your family an active Florida lifestyle. This two story upgraded 4 bedroom, 3.5 bathrooms features dual master bedroom suites on both floors, expanded covered front porch and back patio with brick pavers, back porch with screen enclosure. Energy efficient features: double pane windows, foam block insulation in all exterior walls, cost saving radiant barrier roof, and energy efficient electrical appliances. Open floor plan with lots of entertainmenet space for your family and guests. Private master bedroom suite to your right with huge walk in closet, master bath features standalone shower, garden tub, dual sink, and granite counters. Your great room opens to the dining room and enormous gourmet kitchen. Kitchen features recess and pendant lighting, granite counters, long seating island, 42 inch expresso finish cabinets, pantry, stainless steel GE appliances. All rooms are spacious in size with walk-in closets. Upgrades include wide baseboards throughout, open loft, crown molding, outdoor ventilation, ultraviolet lighting in air handler, high ceilings, new W/H, A/C is zoned for each floor and serviced every year, prewired for surround sound, and security. Freshly painted interior and exterior with new lanscaping. Community features include fitness center, Olympic size pool, splash pad, and clubhouse with free Wi-Fi access.

SEE MORE

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: Randall Park

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $105k429k

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

Neighborhood: Randall Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400Rent in $10292508

* 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
 

$386,910$472,890$429,900

PURCHASE PRICE

$2,223$2,717$2,470

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,470
EXPENSES Loan Payment -$1,586
Property Tax -$649
Property Insurance -$200
HOA -$6
Property Management Fees -$222
CASH FLOW
-$194

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.

$429,900

PROJECTED PRICE

$2,470

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 5.48%
Maintenance Year (1-5) 8.00%
Vacancy 5.99%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,674

INVESTMENT

$119,674

Down Payment
$107,475
Rehab Estimate
$5,750
Closing Costs
$6,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,586

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $107,475
Loan Amount $322,425
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$8,410

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,470

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,494

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,4703$2,5004$2,5955$2,650
$2,650
RENT COMPS ANALYSIS
  • 8770 Sidley Ln Orlando, 2
    • 4 beds 4 baths ∙ 2,741 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,741 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $2,470
    • $0.90
    •  
  • 8026 Corkfield Ave Orlando, 1
    • 4 beds 3 baths ∙ 2,938 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,938 Sqft ∙ Built 2017
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.83
    •  
  • 8034 Corkfield Ave Orlando, 3
    • 5 beds 3 baths ∙ 2,724 Sqft ∙ Built 2017 5 beds 3 baths ∙ 2,724 Sqft ∙ Built 2017
    LEASED 08/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.92
    •  
  • 8625 Dufferin Ln Orlando, 4
    • 5 beds 4 baths ∙ 2,776 Sqft ∙ Built 2017 5 beds 4 baths ∙ 2,776 Sqft ∙ Built 2017
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.93
    •  
  • 8543 Dufferin Ln Orlando, 5
    • 5 beds 4 baths ∙ 2,761 Sqft ∙ Built 2017 5 beds 4 baths ∙ 2,761 Sqft ∙ Built 2017
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.96
    •  
PROPERTY LISTING DETAILS
Jannese Garcia Vazquez
1.407.921.4418
Keller Williams Legacy Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5887263
Last Updated: 08/25/2020
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