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11435 Aries Dr Orlando, FL 32837

3 Beds 2 Baths 1,487 sqft Built 1978

$275,000

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1978
  • Price/Sqft : $184.94
  • 2 Days on Market
  • MLS # : S5042322
  • Updated Date : 11/07/2020 at 05:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,487 sqft
  • Baths : 2 full
Listing Agent

Charles Rutenberg Realty Orlan

Listing Agent's Description

Spacious 3-bedroom 2-bath pool home conveniently located close to schools, shopping, medical offices, and restaurants. Home is on a cul-de-sac which means you will be on a quiet street. When coming into the home you will find a sizeable living area and dining area which have beautiful, tiled flooring. Home features a cozy upgraded kitchen with granite counter tops and stainless-steel appliances. Also, you will find generous sized bedrooms with laminate flooring, updated bathrooms and a large family room which may be used as a movie room. In the family room you will find a projector and a large screen so that you may have fun at "movie night" with the family. Leading from the family room, you will enjoy the enclosed back porch overlooking a lovely pool or sit in the jacuzzi and simply relax. You will have plenty of privacy since there are no rear neighbors, just a beautiful conservation area. The oversized lot is great to have family gatherings since you have plenty of space to entertain. Roof was replaced in 2018, updated kitchen in 2018, new electrical panels 2019, new exterior paint 2020. This home is a must see!

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: Sky Lake South

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $69k253k

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

Neighborhood: Sky Lake South

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8631712

* 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
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$1,015
Property Tax -$308
Property Insurance -$125
HOA -$24
Property Management Fees -$140
CASH FLOW
-$51

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.

$275,000

PROJECTED PRICE

$1,560

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 8.4%
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

PROJECTED ANNUAL CASH FLOW

11530-$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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,015

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$8,495

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,394

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,000
1$1,0002$1,3003$1,4504$1,5605$1,650
$1,650
RENT COMPS ANALYSIS
  • 11435 Aries Dr Orlando, FL 4
    • 3 beds 2 baths ∙ 1,487 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,487 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $1.05
    •  
  • 11327 Zodiac Dr Orlando, FL 1
    • 3 beds 2 baths ∙ 1,321 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,321 Sqft ∙ Built 1978
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,000
    • $0.76
    •  
  • 12114 Sula St Orlando, FL 2
    • 3 beds 2 baths ∙ 1,340 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,340 Sqft ∙ Built 1983
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.97
    •  
  • 11836 Whispering Tree Ave #6 Orlando, FL 3
    • 3 beds 2 baths ∙ 1,421 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,421 Sqft ∙ Built 1985
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.02
    •  
  • 11630 Darlington Dr Orlando, FL 5
    • 3 beds 3 baths ∙ 1,657 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,657 Sqft ∙ Built 1989
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.00
    •  
PROPERTY LISTING DETAILS
Aimee Cruz
1.407.421.3673
Charles Rutenberg Realty Orlan
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: S5042322
Last Updated: 11/07/2020
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