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10020 Arbor Ridge Trail Orlando, FL 32817

3 Beds 2 Baths 1,038 sqft Built 1977

$239,900

List Price

$1,210

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $231.12
  • 3 Days on Market
  • MLS # : O5931218
  • Updated Date : 03/20/2021 at 19:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,038 sqft
  • Baths : 2 full
Listing Agent

Keller Williams At The Parks

Listing Agent's Description

Take a look at this wonderful home in east Orlando! This is a desirable split floor plan for a three bedroom home and the perfect property for any family! As you walk in the door you're greeted by an large living area and spacious kitchen. The master suite is to the right and other rooms to the left, making it a great layout for privacy. If you hate carpet like so many people, this house is perfect for you, tell your friends and family a Roomba would be a great housewarming gift! The property features a large fenced in back yard, great for entertaining, family gatherings, kids or pets! This fabulous home is located close to the 408, 417, UCF, the Airport, Theme Parks and so much more! Schedule your 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: Arbor Ridge

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $62k253k

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

Neighborhood: Arbor Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q260070080090010001100120013001400150016001700Rent in $6001712

* 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
Riverdale Elementary School Primary Regular 674 45 3
Union Park Middle School Middle Regular 873 52 3
University High School High Magnet 3,111 141 5

Riverdale Elementary School

  • Education Level: Primary
  • # of students: 674
  • # of teachers: 45
3
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
 

$215,910$263,890$239,900

PURCHASE PRICE

$1,089$1,331$1,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,210
EXPENSES Loan Payment -$833
Property Tax -$273
Property Insurance -$98
Property Management Fees -$129
CASH FLOW
-$123

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.

$239,900

PROJECTED PRICE

$1,210

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 14.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.01%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$69,324

INVESTMENT

$69,324

Down Payment
$59,975
Rehab Estimate
$5,750
Closing Costs
$3,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$833

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $59,975
Loan Amount $179,925
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$4,892

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,210

    LIST RENT
  • $1.17

    LIST RENT PER SQFT
  • $1,025

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,000
1$1,0002$1,1503$1,1754$1,2105$1,250
$1,250
RENT COMPS ANALYSIS
  • 10020 Arbor Ridge Trail Orlando, FL 4
    • 3 beds 2 baths ∙ 1,038 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,038 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $1,210
    • $1.17
    •  
  • 2888 Kinnon Dr Orlando, FL 1
    • 3 beds 2 baths ∙ 994 Sqft ∙ Built 1975 3 beds 2 baths ∙ 994 Sqft ∙ Built 1975
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,000
    • $1.01
    •  
  • 2609 Newbolt Dr Orlando, FL 2
    • 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 1993
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.94
    •  
  • 9533 Bandelier Dr Orlando, FL 3
    • 3 beds 2 baths ∙ 1,193 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,193 Sqft ∙ Built 1988
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,175
    • $0.98
    •  
  • 3217 Albin Ln Orlando, FL 5
    • 3 beds 2 baths ∙ 1,226 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,226 Sqft ∙ Built 1996
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.02
    •  
PROPERTY LISTING DETAILS
Jason Asa
1.407.766.2560
Keller Williams At The Parks
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5931218
Last Updated: 03/20/2021
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