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1160 Cherry Valley Way Orlando, FL 32828

3 Beds 2 Baths 1,761 sqft Built 1999

$300,000

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $170.36
  • 4 Days on Market
  • MLS # : O5919217
  • Updated Date : 01/28/2021 at 19:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,761 sqft
  • Baths : 2 full
Listing Agent

Wemert Group Realty Llc

Listing Agent's Description

WELCOME HOME! This impeccable 3BD/2BA HOME with a *LOW HOA*, all TILE FLOORS and NO REAR NEIGHBORS is nestled away in the desirable Bridge Water Community! The spacious OPEN FLOOR PLAN greets you as you enter the LIVING/DINING ROOM COMBO with HIGH CEILINGS and large SLIDING DOORS & the GLASS FRONT DOORS pour in tons of NATURAL LIGHT! Arched entryways guide you into the FAMILY ROOM/KITCHEN COMBO making this a fantastic FLOOR PLAN to entertain friends and family! Large SLIDING DOORS off the FAMILY ROOM continue that bright NATURAL LIGHTING and the cozy EAT-IN NOOK leads you to the Kitchen area! The heart of the home is certainly the KITCHEN with STAINLESS STEEL APPLIANCES, a large PANTRY, a plethora of CABINET STORAGE, PLANT SHELVING to display decorative pieces and of course an awesome WINDOW above the sink that brings in more NATURAL LIGHT! The PRIMARY SUITE sits just off the Living Room and is a perfect haven to rest after a long day! The PRIMARY EN-SUITE features a DUAL SINK VANITY, a soothing & relaxing SOAKING TUB and separate SHOWER STALL with exterior door access! For added privacy and seclusion the SPLIT FLOOR PLAN provides TWO spacious bedrooms at the front of the home with the second FULL bathroom! The PATIO is ENCLOSED & SCREENED with TILE FLOORING and a CEILING FAN to keep a cool breeze on those hot summer days! The entire backyard has been transformed into a sanctuary of tropical trees and plants with concrete pavers providing a peaceful and pleasant retreat with tons of privacy! Not to mention there are NO REAR NEIGHBORS as the home backs up to 20 Acres of empty land! Just steps away from the Community Pool, Park & Basketball Court; Bridge Water is a friendly community that is highly desired in East Orlando! Quickly access 408, 417, E Colonial Dr, Lake Pickett, Alafaya Trail, Research Pkwy, Challenger Pkwy and an easy commute to AdventHealth Waterford Lakes, the Waterford Lakes Town Center, UCF, Valencia College, numerous restaurants, endless shopping options and so much more! This remarkable home is truly everything you can desire, centrally located to all that Orlando has to offer!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Orlando metro employment growth is at 3.5% and predicted to grow at 2.5% in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Bridge Water

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $105k363k

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

Neighborhood: Bridge Water

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10282120

* 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
Castle Creek Elementary School Primary Regular 814 53 5
Discovery Middle School Middle Regular 907 56 5
East River High School High Regular 1,957 96 5

Castle Creek Elementary School

  • Education Level: Primary
  • # of students: 814
  • # of teachers: 53
5
GreatSchools Rating

Discovery Middle School

  • Education Level: Middle
  • # of students: 907
  • # of teachers: 56
5
GreatSchools Rating

East River High School

  • Education Level: High
  • # of students: 1,957
  • # of teachers: 96
5
GreatSchools Rating
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$1,042
Property Tax -$341
Property Insurance -$141
HOA -$58
Property Management Fees -$129
CASH FLOW
$98

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.

$300,000

PROJECTED PRICE

$1,810

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 5.2%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$22,950

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,810

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,686

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7503$1,8104$1,8505$1,900
$1,900
RENT COMPS ANALYSIS
  • 1160 Cherry Valley Way Orlando, FL 3
    • 3 beds 2 baths ∙ 1,761 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,761 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $1.03
    •  
  • 1035 Cherry Valley Way Orlando, FL 1
    • 4 beds 2 baths ∙ 1,951 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,951 Sqft ∙ Built 1999
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.85
    •  
  • 1040 Cherry Valley Way Orlando, FL 2
    • 4 beds 2 baths ∙ 1,690 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,690 Sqft ∙ Built 2000
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.04
    •  
  • 926 Jade Forest Ave Orlando, FL 4
    • 4 beds 2 baths ∙ 1,931 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,931 Sqft ∙ Built 1998
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.96
    •  
  • 848 Cherry Valley Way Orlando, FL 5
    • 3 beds 2 baths ∙ 1,942 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,942 Sqft ∙ Built 2000
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.98
    •  
PROPERTY LISTING DETAILS
Jennifer Wemert
1.407.777.4248
Wemert Group Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5919217
Last Updated: 01/28/2021
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