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10907 Waterbury Ct Orlando, FL 32821

3 Beds 2 Baths 1,885 sqft Built 1996

$305,500

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $162.07
  • 2 Days on Market
  • MLS # : O5918961
  • Updated Date : 01/24/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,885 sqft
  • Baths : 2 full
Listing Agent

Rosemary Rich And Company

Listing Agent's Description

LOCATION, LOCATION, LOCATION!! Waterview Reserve is minutes away from Orlando's best attractions, restaurants and shopping. This well maintained and hardly lived in property could be your new home. The tile reaches front to back door with only carpet in the bedrooms. Formal Living and Dining - perfect for office, home school, home theater, den or entertaining. Extended family room - with covered screened lanai for relaxing outdoor time.The laundry room has amazing space with a utility sink. HOA provides: Roofing Cleaning, Private Streets, Gates, Cameras throughout community, Private Streets, Basic Lawn Care, Spectrum Internet, Community Pool, Tennis Court, Basketball Court, Fitness Room, Banquet Room. Split floor plan - generously sized bedrooms. No rear neighbors allows you to feel like you are in a private oasis looking out over the common area. Easy to see!

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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: Waterview Townhomes

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $105k388k

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

Neighborhood: Waterview Townhomes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10282010

* 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
 

$274,950$336,050$305,500

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 -$1,061
Property Tax -$360
Property Insurance -$149
HOA -$207
Property Management Fees -$129
CASH FLOW
-$156

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.

$305,500

PROJECTED PRICE

$1,750

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 4.3%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$86,708

INVESTMENT

$86,708

Down Payment
$76,375
Rehab Estimate
$5,750
Closing Costs
$4,583

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,061

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $76,375
Loan Amount $229,125
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$4,313

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
  • $0.93

    LIST RENT PER SQFT
  • $1,748

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,685
1$1,6852$1,7003$1,7204$1,7505$1,750
$1,750
RENT COMPS ANALYSIS
  • 10907 Waterbury Ct Orlando, FL 5
    • 3 beds 2 baths ∙ 1,885 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,885 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.93
    •  
  • 10212 Sw Genesee Ln Ne Orlando, FL 1
    • 3 beds 2 baths ∙ 1,840 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,840 Sqft ∙ Built 1981
    property image
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,685
    • $0.92
    •  
  • 10626 Deergrass Ln Orlando, FL 2
    • 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 1978
    property image
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.93
    •  
  • 10322 Lollipop Ln Orlando, FL 3
    • 3 beds 2 baths ∙ 1,873 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,873 Sqft ∙ Built 1981
    property image
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.92
    •  
  • 10762 Larissa St Orlando, FL 4
    • 3 beds 2 baths ∙ 1,870 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,870 Sqft ∙ Built 1983
    property image
    LEASED 01/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.94
    •  
PROPERTY LISTING DETAILS
Amy Chastain
1.407.409.8773
Rosemary Rich And Company
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5918961
Last Updated: 01/24/2021
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