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10025 Ian St Orlando, FL 32825

4 Beds 3 Baths 2,546 sqft Built 1999

$334,900

List Price

$1,940

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $131.54
  • 3 Days on Market
  • MLS # : O5911950
  • Updated Date : 12/18/2020 at 19:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,546 sqft
  • Baths : 2 full , 1 half
Listing Agent

La Rosa Realty, Llc

Listing Agent's Description

This is it! There's a piece of mind that comes with knowing your home has been lovingly cared for, well maintained and updated. In fact, the bigger things have already been taken care of - In 2020 the exterior of the home was painted; a New washer & dryer installed, even the window screens have been replaced. The master bath and kitchen have been updated with new lighting, counter tops and more! The home also features a newer energy efficient 16 SEER A/C , NEWER WATER HEATER. and NEWER ROOF. The back yard view is beautiful with mature trees and lush landscaping which and is sure to be your favorite oasis, and a wonderful set-up with its own food prep/staging station perfect for hosting family and friends gatherings. A low HOA fee includes the use of park with picnic area, playground and a basketball court. Don't waste another minute, call today and make an appointment to see this Large, Comfortable Home that soon could be yours! Conveniently located close to shopping centers - Waterford Lakes, UCF, Medical City, Expressways (417, 408, 528) minutes from Lake Nona & Downtown Orlando. Don't miss out. CALL for an appointment today, as this home will not last!

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: Andover Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $105k331k

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

Neighborhood: Andover Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9562089

* 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
Andover Elementary School Primary Regular 786 53 7
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Andover Elementary School

  • Education Level: Primary
  • # of students: 786
  • # of teachers: 53
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
 

$301,410$368,390$334,900

PURCHASE PRICE

$1,746$2,134$1,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,940
EXPENSES Loan Payment -$1,236
Property Tax -$381
Property Insurance -$188
HOA -$23
Property Management Fees -$129
CASH FLOW
-$17

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.

$334,900

PROJECTED PRICE

$1,940

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 9.1%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

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$94,499

INVESTMENT

$94,499

Down Payment
$83,725
Rehab Estimate
$5,750
Closing Costs
$5,024

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,236

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $83,725
Loan Amount $251,175
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$21,885

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,940

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,948

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,725
1$1,7252$1,8003$1,9404$2,0755$2,200
$2,200
RENT COMPS ANALYSIS
  • 10025 Ian St Orlando, FL 3
    • 4 beds 3 baths ∙ 2,546 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,546 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $0.76
    •  
  • 2771 River Ridge Dr Orlando, FL 1
    • 4 beds 3 baths ∙ 2,377 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,377 Sqft ∙ Built 1996
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.73
    •  
  • 3073 Natoma Way Orlando, FL 2
    • 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 1999
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.72
    •  
  • 9833 Tivoli Chase Dr Orlando, FL 4
    • 4 beds 3 baths ∙ 2,519 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,519 Sqft ∙ Built 2004
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,075
    • $0.82
    •  
  • 4937 Walnut Ridge Dr Orlando, FL 5
    • 4 beds 3 baths ∙ 2,801 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,801 Sqft ∙ Built 2004
    LEASED 07/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.79
    •  
PROPERTY LISTING DETAILS
Joyce Skowron, Pa
1.407.383.9100
La Rosa Realty, Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5911950
Last Updated: 12/18/2020
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