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10642 Nadia Ave Orlando, FL 32825

3 Beds 2 Baths 1,967 sqft Built 1972

$298,000

List Price

$1,680

$1.5K - $1.8K

Rent Est.

$84,720

Investment Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $151.50
  • 4 Days on Market
  • MLS # : O5915336
  • Updated Date : 01/08/2021 at 15:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,967 sqft
  • Baths : 2 full
Listing Agent

Commercial Homes & Land Inc

Listing Agent's Description

Welcome Home to this amazing 3 bedroom, 2 bath on ½ acre. Features include a beautiful kitchen with stainless steel appliances and a breakfast nook, huge Family Room, separate dining room, bonus room, office/computer room, a sparkling screen enclosed pool, an attached 1-car garage, and a detached 24 x 24 2-car garage/workshop. NEW ROOF, and freshly painted! Walk-in closets in all bedrooms. Jetted tub in 2nd bath. Imagine relaxing in the lovely pool area while enjoying the views of your peaceful back yard. Have your morning coffee on the screen enclosed front lanai area while you watch the sunrise. NO HOMEOWNER’S ASSOCIATION! You can park your boat and there is plenty of room for all your toys. Conveniently located near major highways and freeways, shopping, schools, and a short commute to airports and beautiful beaches!

SEE MORE

MARKET HIGHLIGHTS

Orlando Market Report
  • 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: Union Park

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $92k253k

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

Neighborhood: Union Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400150016001700Rent in $6981712

* 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
 

FINANCIALS

Learn how to read this

$268,200$327,800$298,000

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING
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FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,035
Property Tax -$339
Property Insurance -$154
Property Management Fees -$129
CASH FLOW
$23

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.

$298,000

PROJECTED PRICE

$1,680

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 11.9%
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$1.2M

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$84,720

INVESTMENT

$84,720

Down Payment		 $74,500
Rehab Estimate		 $5,750
Closing Costs		 $4,470

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,035

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,500
Loan Amount $223,500
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$17,030

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT

  • $0.85

    LIST RENT PER SQFT

  • $1,569

    COMP ESTIMATED VALUE

  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,4003$1,4004$1,6805$1,795
$1,795
RENT COMPS ANALYSIS
  • 10642 Nadia Ave Orlando, FL 4
    • 3 beds 2 baths ∙ 1,967 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,967 Sqft ∙ Built 1972
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.85
    •  
  • 10625 Kain Ct Orlando, FL 1
    • 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1970
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.69
    •  
  • 9501 Trulock Ct Orlando, FL 2
    • 3 beds 2 baths ∙ 1,704 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,704 Sqft ∙ Built 1989
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.82
    •  
  • 3324 Hillmont Cir Orlando, FL 3
    • 4 beds 2 baths ∙ 1,661 Sqft ∙ Built 1989 4 beds 2 baths ∙ 1,661 Sqft ∙ Built 1989
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.84
    •  
  • 3101 Rider Pl Orlando, FL 5
    • 4 beds 3 baths ∙ 2,143 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,143 Sqft ∙ Built 1987
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.84
    •  
PROPERTY LISTING DETAILS
LISTING AGENT
Wanda Perkins, Pa
1.407.765.9933
Commercial Homes & Land Inc
BUYER AGENT
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
SOURCE
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5915336
Last Updated: 01/08/2021

All returns, cash flow, and appreciation estimates are projections. Please review our Disclaimer for more information.

All values are rounded to the nearest dollar.
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