Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

10928 Arbor View Blvd Orlando, FL 32825

5 Beds 3 Baths 2,733 sqft Built 2005

INVESTimate

$384,900

List Price

$2,170

$1,953 - $2,387

Rent Est.

$402,413  ( +4.55%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $140.83
  • 7 Days on Market
  • MLS # : O5886629
  • Updated Date : 08/24/2020 at 12:23
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,733 sqft
  • Baths : 3 full
Listing Agent

Re/max Assured

Listing Agent's Description

Fall in love with this amazing 5 bedroom, 3 bathroom home in the gated community of Woodland Lakes Preserve. The floor plan offers plenty of space to spread out with formal living room, formal dining room, family room, eat-in kitchen and bonus room that could easily be converted to a 6th bedroom. Move-in ready home beautiful with upgrades including wood-tile flooring, fresh paint palette, crown molding, decorative niches and more. As you enter the home, you are greeted by the formal rooms accented with crown molding. Easily entertain your guests in the family room / kitchen combination. Fantastic eat-in kitchen features granite counter tops, lots of cabinet space, stainless steel appliances, recessed lighting and breakfast bar. Retreat to the master suite on the 2nd floor with a lovely tray ceiling, walk-in closet, dual vanities with granite counter tops, shower and a separate garden tub to soak away the stress from the day. There are 3 other ample sized bedrooms and bonus room on the 2nd floor. Let’s not forget about the backyard that backs up to a conservation area. NO REAR NEIGHBORS! Enjoy lounging under the covered lanai or spending your evenings around the fire pit. Pick your very own avocados, bananas and mangos off of your very own trees. The gated community of Woodland Lakes Preserve features a community pool to enjoy those sunny Florida Days. Conveniently located near 408, Lockheed Martin, dining and plenty of shopping. This home will not disappoint!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

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
 

$346,410$423,390$384,900

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,170
EXPENSES Loan Payment -$1,420
Property Tax -$438
Property Insurance -$199
HOA -$78
Property Management Fees -$195
CASH FLOW
-$161

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.

$384,900

PROJECTED PRICE

$2,170

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 4.55%
Maintenance Year (1-5) 8.00%
Vacancy 5.99%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$107,749

INVESTMENT

$107,749

Down Payment
$96,225
Rehab Estimate
$5,750
Closing Costs
$5,774

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,420

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $96,225
Loan Amount $288,675
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$8,550

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
  • 10928 Arbor View Blvd Orlando, 4
    • 5 beds 3 baths ∙ 2,733 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,733 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,170
    • $0.79
    •  
  • 1327 Balsam Willow Trl Orlando, 1
    • 5 beds 3 baths ∙ 2,733 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,733 Sqft ∙ Built 2005
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.77
    •  
  • 1477 Balsam Willow Trl #3 Orlando, 2
    • 4 beds 3 baths ∙ 2,536 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,536 Sqft ∙ Built 2015
    LEASED 12/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.83
    •  
  • 1213 Balsam Willow Trl Orlando, 3
    • 4 beds 3 baths ∙ 2,795 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,795 Sqft ∙ Built 2006
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,169
    • $0.78
    •  
  • 1742 Balsam Willow Trl #3 Orlando, 5
    • 5 beds 6 baths ∙ 2,889 Sqft ∙ Built 2014 5 beds 6 baths ∙ 2,889 Sqft ∙ Built 2014
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.78
    •  
PROPERTY LISTING DETAILS
Brent Dehoop
1.407.448.8971
Re/max Assured
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5886629
Last Updated: 08/24/2020
BESbswy