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10463 Willow Ridge Loop Orlando, FL 32825

5 Beds 3 Baths 2,730 sqft Built 2006

$395,000

List Price

$2,180

$2K - $2.4K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $144.69
  • 2 Days on Market
  • MLS # : O5904560
  • Updated Date : 11/07/2020 at 03:46
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,730 sqft
  • Baths : 3 full
Listing Agent

Empire Network Realty

Listing Agent's Description

Don't miss your opportunity to own a home in the beautiful and highly sought after Woodland Lakes Preserve community! Community amenities include GATED ENTRY with 24 HOUR GUARDED ACCESS. An updated COVERED PLAYGROUND and COMMUNITY POOL with cabanas are included in the low HOA fees as well. This home is located on a premium lot with an incredible water view. The driveway and lanai have stone pavers that match the stone accents on the exterior of the home. That's just what is outside the house! As you pull into the oversized garage you will notice plenty of space remaining for storage of all your toys and holiday decorations. Garage opener was replaced 2019 and upgraded to a **Chamberlain MyQ** smartphone controlled ultra quiet and strong belt drive garage door opener with battery back up and max lifting power. Now Amazon packages can be delivered directly inside the garage! Upon entry you are greeted by a formal living and dining area with a decorative niche at the entry and plenty of windows to allow the natural light to shine through. The family den extends beyond the formal areas to include the kitchen and a breakfast nook. The kitchen appliances are new **Whirlpool appliances (2019)** and include top of the line features such as measured pour for the water dispenser, convection oven, and steel interior dishwasher. Continuing on the first floor you have a guestroom/mother-in-law suite as well, with two closets located next to a full bath and a separate entry to allow guest privacy. On the second floor you have the laundry room with state of the art washer and dryer, a huge loft , 3 additional well sized bedrooms with large closets, and the owner's suite. The owner's suite is split from the other bedrooms offering seclusion. The owner's suite features double door entry, tray ceiling and an en suite bathroom featuring a water closet, garden tub, separate shower, and dual sinks with a vanity. The A/C is new;** replaced July 2020 with a top of the line 5 ton Rheem system along with an air filtration UV light**. **Freshly painted interior and exterior.**New Rainbird sprinkler system 2019** This home is move in ready and waiting for a new owner to continue loving it. Priced to sell. Schedule your appointment as soon as possible.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Woodland Lakes Preserve

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $105k438k

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

Neighborhood: Woodland Lakes Preserve

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10292363

* 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
 

$355,500$434,500$395,000

PURCHASE PRICE

$1,962$2,398$2,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,180
EXPENSES Loan Payment -$1,457
Property Tax -$449
Property Insurance -$199
HOA -$78
Property Management Fees -$196
CASH FLOW
-$200

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.

$395,000

PROJECTED PRICE

$2,180

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 4.6%
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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$110,425

INVESTMENT

$110,425

Down Payment
$98,750
Rehab Estimate
$5,750
Closing Costs
$5,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,457

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $98,750
Loan Amount $296,250
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$6,974

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,180

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,232

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$2,180
1$2,1802$2,2503$2,2504$2,3005$2,450
$2,450
RENT COMPS ANALYSIS
  • 10463 Willow Ridge Loop Orlando, FL 1
    • 5 beds 3 baths ∙ 2,730 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,730 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,180
    • $0.80
    •  
  • 1742 Balsam Willow Trl #3 Orlando, FL 2
    • 5 beds 6 baths ∙ 2,889 Sqft ∙ Built 2014 5 beds 6 baths ∙ 2,889 Sqft ∙ Built 2014
    property image
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.78
    •  
  • 10319 Willow Ridge Loop Orlando, FL 3
    • 4 beds 3 baths ∙ 2,809 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,809 Sqft ∙ Built 2006
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.80
    •  
  • 10802 Willow Ridge Loop Orlando, FL 4
    • 5 beds 5 baths ∙ 2,857 Sqft ∙ Built 2010 5 beds 5 baths ∙ 2,857 Sqft ∙ Built 2010
    property image
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.81
    •  
  • 10691 Willow Ridge Loop Orlando, FL 5
    • 4 beds 3 baths ∙ 2,795 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,795 Sqft ∙ Built 2006
    property image
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.88
    •  
PROPERTY LISTING DETAILS
Pamela Joe
1.407.496.2895
Empire Network Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5904560
Last Updated: 11/07/2020
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