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11102 Wurdermanns Way Orlando, FL 32825

3 Beds 2 Baths 2,001 sqft Built 1994

$345,000

List Price

$1,880

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $172.41
  • 4 Days on Market
  • MLS # : O5930174
  • Updated Date : 03/27/2021 at 07:47
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,001 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty At The Parks

Listing Agent's Description

Multiple offers: Highest and Best by Saturday, March 27- 9:00pm **3D VIRTUAL TOUR** Located in the sought-after HERON COVE neighborhood, this beautiful ONE STORY 3 BR/2 BATH POOL home offers TRANQUIL WATER VIEWS and 2001 square feet of OPEN & FLEXIBLE living space! Whether you’re entertaining family and friends, or find yourself working remotely, this home lends itself to any lifestyle! Soaring volume ceilings greet you as you enter the Formal Living and Dining rooms which seamlessly flow into your open Great Room, Kitchen and Dinette. Kitchen features include granite counters, closet pantry and a huge Breakfast Bar. From the Great Room, two sets of french doors provide easy access to your relaxing COVERED LANAI overlooking a sparkling screened INGROUND POOL w/ FOUNTAIN features. The Master Suite is spacious w/ a large walk-in closet w/ built-ins and Master Bath showcasing dual vessel sinks, a jetted garden tub & separate shower. A built-in desk and shelving make the 3rd bedroom ideal for a home office and, as an added bonus, a convenient stow-away Murphy bed allows additional space to workout or enjoy yoga. This beautiful home is situated on a 62x111 lot that backs up to a serene pond. Additional features and upgrades include: RE-PLUMBED (2021) - NEW A/C (2016) - NEW SALTWATER CHLORINATOR & POOL PUMP (2019) - WOOD BURNING FIREPLACE - SKYLIGHTS - INTERIOR LAUNDRY ROOM w/ W&D - Low maintenance tile flooring throughout incl. NEW TILE PLANK - 2-CAR GARAGE - IRRIGATION. HERON COVE is an established Orlando neighborhood of 39 homes and features a neighborhood park and dedicated neighborhood access path to the Lawton Chiles Elementary School. Conveniently located to Downtown Orlando, Waterford Lakes Town Center, UCF, Valencia, Research Parkway, Siemens, Lockheed Martin, Orlando International Airport, Blanchard Park, shopping, dining, entertainment & all major roadways including 408, 417, 528 & I-4. Call today to schedule your private in-person or virtual showing.

SEE MORE

MARKET HIGHLIGHTS

  • 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: Heron Cove

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280k300k320kPrice in $69k322k

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

Neighborhood: Heron Cove

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8951799

* 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
Lawton Chiles Elementary School Primary Regular 692 49 7
Union Park Middle School Middle Regular 873 52 3
University High School High Magnet 3,111 141 5

Lawton Chiles Elementary School

  • Education Level: Primary
  • # of students: 692
  • # of teachers: 49
7
GreatSchools Rating

Union Park Middle School

  • Education Level: Middle
  • # of students: 873
  • # of teachers: 52
3
GreatSchools Rating

University High School

  • Education Level: High
  • # of students: 3,111
  • # of teachers: 141
5
GreatSchools Rating
 

$310,500$379,500$345,000

PURCHASE PRICE

$1,692$2,068$1,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,880
EXPENSES Loan Payment -$1,198
Property Tax -$392
Property Insurance -$156
HOA -$44
Property Management Fees -$129
CASH FLOW
-$39

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.

$345,000

PROJECTED PRICE

$1,880

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 8.0%
Maintenance Year (1-5) 8.00%
Vacancy 5.82%
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-$4.0k-$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$97,175

INVESTMENT

$97,175

Down Payment
$86,250
Rehab Estimate
$5,750
Closing Costs
$5,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,198

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $86,250
Loan Amount $258,750
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$13,599

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,880

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,906

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,8173$1,8804$1,8955$1,995
$1,995
RENT COMPS ANALYSIS
  • 11102 Wurdermanns Way Orlando, FL 3
    • 3 beds 2 baths ∙ 2,001 Sqft ∙ Built 1994 3 beds 2 baths ∙ 2,001 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $0.94
    •  
  • 607 Great Blue Ct Orlando, FL 1
    • 3 beds 2 baths ∙ 2,001 Sqft ∙ Built 1994 3 beds 2 baths ∙ 2,001 Sqft ∙ Built 1994
    LEASED 11/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.85
    •  
  • 10432 Westley Way Orlando, FL 2
    • 3 beds 2 baths ∙ 2,025 Sqft ∙ Built 1979 3 beds 2 baths ∙ 2,025 Sqft ∙ Built 1979
    LEASED 11/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,817
    • $0.90
    •  
  • 10600 Kresge Ct Orlando, FL 4
    • 4 beds 2 baths ∙ 1,835 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,835 Sqft ∙ Built 1998
    LEASED 01/13/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.03
    •  
  • 432 Fieldstream Blvd N Orlando, FL 5
    • 4 beds 2 baths ∙ 1,936 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,936 Sqft ∙ Built 1999
    LEASED 11/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.03
    •  
PROPERTY LISTING DETAILS
Margaret Steiner
1.407.687.4003
Keller Williams Realty At The Parks
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5930174
Last Updated: 03/27/2021
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