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1087 Executive Center Dr Orlando, FL 32803

3 Beds 2 Baths 2,005 sqft Built 1967

$499,999

List Price

$2,460

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1967
  • Price/Sqft : $249.38
  • 3 Days on Market
  • MLS # : O5931474
  • Updated Date : 03/20/2021 at 21:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,005 sqft
  • Baths : 2 full
Listing Agent

American Commodity Llc

Listing Agent's Description

Beautiful remodeled Audobon Park home with BRAND NEW A/C, NEWER Roof, MANY UPDATES! 2000+ sqft home on just under 1/3 of an acre. Fenced backyard with plenty of space for a pool, cabana, and outdoor entertainment. Top rated school zone! Home features large Florida room that opens to the huge backyard, ideal for indoor-outdoor entertainment! Perfect location just minutes to Downtown Orlando, Winter Park, Baldwin Park, and Leu Gardens! 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: Audubon Park

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $105k341k

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

Neighborhood: Audubon Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10292089

* 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
Audubon Park School Primary Unknown NA
Audubon Park School Middle Unknown NA
Winter Park High School High Magnet 3,069 164 7

Audubon Park School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Audubon Park School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Winter Park High School

  • Education Level: High
  • # of students: 3,069
  • # of teachers: 164
7
GreatSchools Rating
 

$449,999$549,999$499,999

PURCHASE PRICE

$2,214$2,706$2,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,460
EXPENSES Loan Payment -$1,737
Property Tax -$621
Property Insurance -$156
Property Management Fees -$129
CASH FLOW
-$183

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.

$499,999

PROJECTED PRICE

$2,460

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 10.1%
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$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,250

INVESTMENT

$138,250

Down Payment
$125,000
Rehab Estimate
$5,750
Closing Costs
$7,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,737

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $125,000
Loan Amount $374,999
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$15,237

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,460

    LIST RENT
  • $1.23

    LIST RENT PER SQFT
  • $2,486

    COMP ESTIMATED VALUE
  • $1.24

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,3003$2,4604$2,5005$3,000
$3,000
RENT COMPS ANALYSIS
  • 1087 Executive Center Dr Orlando, FL 3
    • 3 beds 2 baths ∙ 2,005 Sqft ∙ Built 1967 3 beds 2 baths ∙ 2,005 Sqft ∙ Built 1967
    • Rent
    • Rent Per SQFT
    •  
    • $2,460
    • $1.23
    •  
  • 3210 Raven Rd Orlando, FL 1
    • 3 beds 3 baths ∙ 1,788 Sqft ∙ Built 1976 3 beds 3 baths ∙ 1,788 Sqft ∙ Built 1976
    LEASED 12/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.09
    •  
  • 2402 Illinois St Orlando, FL 2
    • 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 1953
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.32
    •  
  • 2115 Sycamore Dr Winter Park, FL 4
    • 4 beds 2 baths ∙ 2,099 Sqft ∙ Built 1953 4 beds 2 baths ∙ 2,099 Sqft ∙ Built 1953
    LEASED 03/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.19
    •  
  • 1802 Oak Ln Orlando, FL 5
    • 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 1957 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 1957
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.36
    •  
PROPERTY LISTING DETAILS
Sylinda Fulse
1.863.860.3517
American Commodity Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5931474
Last Updated: 03/20/2021
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