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10272 Willowemac Ct Orlando, FL 32817

4 Beds 2 Baths 1,991 sqft Built 1991

$300,000

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

December 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $150.68
  • 5 Days on Market
  • MLS # : O5913307
  • Updated Date : 12/30/2020 at 19:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,991 sqft
  • Baths : 2 full
Listing Agent

Realty Hub

Listing Agent's Description

4 BEDROOM 2 BATH HOME with ceramic tile flooring located in a desirable area of Orlando close by to the very popular Blanchard Park with it's walking/bicycle trails nature trails with water view, basketball courts, soccer fields, tennis courts, YMCA & so much more. Currently the lowest priced home for sale in this desirable Orlando zip code of 32817 with a minimum of 1600 square feet & this home surpasses that by a lot with 1991 square feet of living space. Close to Highways 417 & 408, University of Central Florida (UCF), Valencia East, Winter Park High, Shopping, Restaurants, Boardwalk Bowling, Downey Park, and more. The home has lots of natural lighting, high ceilings, a beautiful and cozy patio for entertaining or relaxing. This spacious 4 bedroom home is located on a quiet cul-de-sac so no traffic driving thru. The Family and dining room combo is spacious and allows for a great gathering spot for entertaining friends and family. The backyard is completely fenced. All appliances included even washer & dryer. Don't let this one pass you by in this desirable & hard to get area. Call for a showing today.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Orlando metro employment growth is at 3.5% and predicted to grow at 2.5% in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: River Park

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $105k277k

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

Neighborhood: River Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7251712

* 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
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$1,107
Property Tax -$341
Property Insurance -$155
HOA -$23
Property Management Fees -$129
CASH FLOW
-$5

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.

$300,000

PROJECTED PRICE

$1,750

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 8.3%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$18,295

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,842

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,638
1$1,6382$1,6503$1,6504$1,7505$1,800
$1,800
RENT COMPS ANALYSIS
  • 10272 Willowemac Ct Orlando, FL 4
    • 4 beds 2 baths ∙ 1,991 Sqft ∙ Built 1991 4 beds 2 baths ∙ 1,991 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.88
    •  
  • 11030 Rouse Run Cir Orlando, FL 1
    • 4 beds 2 baths ∙ 1,816 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,816 Sqft ∙ Built 2003
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,638
    • $0.90
    •  
  • 11018 Rouse Run Cir Orlando, FL 2
    • 4 beds 2 baths ∙ 1,898 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,898 Sqft ∙ Built 2003
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.87
    •  
  • 11526 Rouse Run Cir Orlando, FL 3
    • 3 beds 2 baths ∙ 1,764 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,764 Sqft ∙ Built 2003
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.94
    •  
  • 11714 Rouse Run Cir Orlando, FL 5
    • 4 beds 2 baths ∙ 1,816 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,816 Sqft ∙ Built 2003
    LEASED 07/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.99
    •  
PROPERTY LISTING DETAILS
Harry Castro, P.a
1.407.701.7111
Realty Hub
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5913307
Last Updated: 12/30/2020
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