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10917 Arbor View Blvd Orlando, FL 32825

5 Beds 3 Baths 2,733 sqft Built 2005

$459,000

List Price

$2,170

$2K - $2.4K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $167.95
  • 3 Days on Market
  • MLS # : O5909218
  • Updated Date : 12/04/2020 at 14:06
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,733 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Advantage 2 Realty

Listing Agent's Description

Stunning 5 bed, 3 baths traditional home with a two-car garage and water frontage in the MAN GATED community of Wood Lakes Preserve. In the modern light-filled décor the fined ceramic flooring makes perfect sense when it is paired with soft wall earth tones, modern light fixtures, build in blind and tray ceilings. The open floor plan features a formal dining room and living room combined perfectly and tastefully. The contemporary style kitchen sets the stage for fine earth tones cabinets, breakfast bar, stainless steel appliances, precisely selected stoned countertop and backsplash perfect for family and friends gatherings. There is a spacious bedroom with a full bathroom in the first level. The upper level is perfectly distributed featuring a stylish, master bedroom aura is peaceful and relaxing with its natural lighting and seamless wall colors. The Master bath has a walk-in shower, garden tub, and two separate vanities. There is also a huge den and 3 spacious bedrooms. In addition, the paved backyard with its overview of the lake and its ceiling fan makes this home the perfect place to live and entertain. The property is located on the same block as the community pool and playground. The proximity to major highways as 417, 408, and 528 makes it a perfect location in Central Florida. Conveniently located 3 miles to Lockheed Martin, 1 miles from Waterford Town Shopping Center, 5.5 miles to UCF, and just 18 min away from Orlando International Airport. About 30 minutes east from Disney, Universal, International Drive and 30 minutes west from Cape Canaveral, NASA and Cocoa Beach. Don't lose the opportunity to own this amazing home: schedule your showing today.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$413,100$504,900$459,000

PURCHASE PRICE

$1,953$2,387$2,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,170
EXPENSES Loan Payment -$1,694
Property Tax -$522
Property Insurance -$199
HOA -$78
Property Management Fees -$129
CASH FLOW
-$452

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.

$459,000

PROJECTED PRICE

$2,170

PROJECTED RENT

0.47%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$127,385

INVESTMENT

$127,385

Down Payment
$114,750
Rehab Estimate
$5,750
Closing Costs
$6,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,694

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $114,750
Loan Amount $344,250
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$2,726

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,170

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,159

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1003$2,1694$2,1705$2,250
$2,250
RENT COMPS ANALYSIS
  • 10917 Arbor View Blvd Orlando, FL 4
    • 5 beds 3 baths ∙ 2,733 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,733 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,170
    • $0.79
    •  
  • 1327 Balsam Willow Trl Orlando, FL 1
    • 5 beds 3 baths ∙ 2,733 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,733 Sqft ∙ Built 2005
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.77
    •  
  • 1477 Balsam Willow Trl #3 Orlando, FL 2
    • 4 beds 3 baths ∙ 2,536 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,536 Sqft ∙ Built 2015
    property image
    LEASED 12/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.83
    •  
  • 1213 Balsam Willow Trl Orlando, FL 3
    • 4 beds 3 baths ∙ 2,795 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,795 Sqft ∙ Built 2006
    property image
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,169
    • $0.78
    •  
  • 1742 Balsam Willow Trl #3 Orlando, FL 5
    • 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
    •  
PROPERTY LISTING DETAILS
Monica Cuervo
1.407.579.0144
Keller Williams Advantage 2 Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5909218
Last Updated: 12/04/2020
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