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11811 Eagle Ray Ln Orlando, FL 32827

3 Beds 2 Baths 2,005 sqft Built 2006

$405,000

List Price

$2,190

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $202.00
  • 3 Days on Market
  • MLS # : O5925785
  • Updated Date : 02/26/2021 at 14:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,005 sqft
  • Baths : 2 full
Listing Agent

Real Living R E Solutions

Listing Agent's Description

Picture yourself in this Beautiful Mediterranean Villa situated on a quiet Waterfront home site. The Oakmont is a Great Room floor plan designed by Divosta and tastefully up-dated by the current owner. The Kitchen features Black Stainless Steel Samsung Appliances with a Duo-Flex Oven and 4 Door Refrigerator with LCD Display, the carpets have all been replaced with Luxury Vinyl Plank, and Master bath has been functionally redesigned with a splash of color. The 12’ ceiling and wall of windows in the great room allow you to enjoy your fantastic water view while entertaining guests… Other outstanding details include, poured concrete walls, hurricane shutters, HE water heater, extended brick pavers, and new blinds and plantation shutters. Our waterfront home is just your first step to begin a new Luxury Lifestyle in Village Walk. Located in the Heart of Lake Nona, Village Walk is Resort Style master-planned community offering a Spectacular 26,000 square foot waterfront Town Center with fitness center, lakeside gazebo, tot lot, cafe & deli market, gas station, post office, nail salon and community rooms. Also 2 heated swimming pools, bike paths, 24-hour fitness center, 6 lighted clay tennis courts, lighted basketball court, ballroom, activities director, walking trails and much more. HOA fees include: Front and rear yard care and irrigation, basic cable, Internet, 24-hour guarded gate. What are you waiting for…? Check out our Video and Call for a private showing.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Orlando ranks 7th in U.S. for economic growth (Milken Instutute/ Orlando Sentinel, 2018)

PRICE & RENT TRENDS

Neighborhood: Lake Nona Central

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $105k399k

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

Neighborhood: Lake Nona Central

ZipNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400Rent in $10292542

* 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
Laureate Park Elementary School Primary Regular NA
Lake Nona Middle School Middle Regular 1,568 81 7
Lake Nona High School High Regular 2,266 108 6

Laureate Park Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Lake Nona Middle School

  • Education Level: Middle
  • # of students: 1,568
  • # of teachers: 81
7
GreatSchools Rating

Lake Nona High School

  • Education Level: High
  • # of students: 2,266
  • # of teachers: 108
6
GreatSchools Rating
 

$364,500$445,500$405,000

PURCHASE PRICE

$1,971$2,409$2,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,190
EXPENSES Loan Payment -$1,407
Property Tax -$510
Property Insurance -$156
HOA -$376
Property Management Fees -$129
CASH FLOW
-$388

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.

$405,000

PROJECTED PRICE

$2,190

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 2.5%
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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

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$113,075

INVESTMENT

$113,075

Down Payment
$101,250
Rehab Estimate
$5,750
Closing Costs
$6,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,407

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $101,250
Loan Amount $303,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$899

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,190

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $2,200

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$2,050
1$2,0502$2,1903$2,2004$2,2005$2,300
$2,300
RENT COMPS ANALYSIS
  • 11811 Eagle Ray Ln Orlando, FL 2
    • 3 beds 2 baths ∙ 2,005 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,005 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,190
    • $1.09
    •  
  • 11776 Eagle Ray Ln Orlando, FL 1
    • 3 beds 2 baths ∙ 2,005 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,005 Sqft ∙ Built 2006
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.02
    •  
  • 11786 Aurelio Ln Orlando, FL 3
    • 3 beds 2 baths ∙ 1,944 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,944 Sqft ∙ Built 2012
    LEASED 09/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.13
    •  
  • 11867 Gennaro Ln Orlando, FL 4
    • 3 beds 2 baths ∙ 2,005 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,005 Sqft ∙ Built 2007
    LEASED 12/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.10
    •  
  • 12054 Lazio Ln Orlando, FL 5
    • 4 beds 3 baths ∙ 2,011 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,011 Sqft ∙ Built 2007
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.14
    •  
PROPERTY LISTING DETAILS
Tony Marino, Jr.
1.407.468.2004
Real Living R E Solutions
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5925785
Last Updated: 02/26/2021
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