Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

9744 Heatherwood Ct Orlando, FL 32825

3 Beds 2 Baths 1,944 sqft Built 1985

$309,900

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $159.41
  • 4 Days on Market
  • MLS # : O5927887
  • Updated Date : 03/05/2021 at 15:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,944 sqft
  • Baths : 2 full
Listing Agent

Fusilier Management Group

Listing Agent's Description

This beautifully remodeled ranch style home is a family’s dream come true, its inviting open floor plan offers a very spacious kitchen with 42’ cabinets, stainless steel appliances, granite counter tops and eating space. The kitchen overlooks the dining room and large living room area, featuring a decorative wood beam and wood wall, slate tile and ceiling fans. The home also features an additional room that can be use as a 4th bedroom or office space, a newer AC unit (2015), LED Lights throughout, double pane windows and added insulation in roof. The huge backyard is great for entertainment with a very inviting BBQ area. The Riverwood Village community is centrally located close to shopping center and Central Florida Greenway (417).

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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.

PRICE & RENT TRENDS

Neighborhood: Riverwood Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $100k331k

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

Neighborhood: Riverwood Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000Rent in $8702089

* 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
Liberty Middle School Middle Regular 1,025 61 2
University High School High Magnet 3,111 141 5

Deerwood Elementary School

  • Education Level: Primary
  • # of students: 442
  • # of teachers: 42
8
GreatSchools Rating

Liberty Middle School

  • Education Level: Middle
  • # of students: 1,025
  • # of teachers: 61
2
GreatSchools Rating

University High School

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

$278,910$340,890$309,900

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$1,076
Property Tax -$352
Property Insurance -$152
Property Management Fees -$129
CASH FLOW
$70

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.

$309,900

PROJECTED PRICE

$1,780

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 8.0%
Maintenance Year (1-5) 8.00%
Vacancy 5.99%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,874

INVESTMENT

$87,874

Down Payment
$77,475
Rehab Estimate
$5,750
Closing Costs
$4,649

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,076

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,475
Loan Amount $232,425
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$24,304

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,837

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7803$1,8004$1,8005$1,834
$1,834
RENT COMPS ANALYSIS
  • 9744 Heatherwood Ct Orlando, FL 2
    • 3 beds 2 baths ∙ 1,944 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,944 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.92
    •  
  • 128 S Shadow Bay Dr Orlando, FL 1
    • 3 beds 2 baths ∙ 2,020 Sqft ∙ Built 1983 3 beds 2 baths ∙ 2,020 Sqft ∙ Built 1983
    LEASED 04/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.84
    •  
  • 10836 Leader Ln Orlando, FL 3
    • 3 beds 2 baths ∙ 1,823 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,823 Sqft ∙ Built 2001
    LEASED 01/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.99
    •  
  • 413 Casting Ct Orlando, FL 4
    • 4 beds 2 baths ∙ 1,960 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,960 Sqft ∙ Built 2001
    LEASED 02/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.92
    •  
  • 566 Mellowood Ave Orlando, FL 5
    • 3 beds 2 baths ∙ 1,788 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,788 Sqft ∙ Built 1985
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,834
    • $1.03
    •  
PROPERTY LISTING DETAILS
Lourdes Valdes
1.407.234.1955
Fusilier Management Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5927887
Last Updated: 03/05/2021
BESbswy