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11873 Verrazano Dr Orlando, FL 32836

4 Beds 2 Baths 1,985 sqft Built 2011

$370,000

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 2011
  • Price/Sqft : $186.40
  • 3 Days on Market
  • MLS # : O5903137
  • Updated Date : 11/02/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,985 sqft
  • Baths : 2 full
Listing Agent

Stocks Family Realty Llc

Listing Agent's Description

This amazing, move-in-ready home is located in the beautiful and quiet Mable Bridge neighborhood. This home features 4 bedrooms, 2 bathrooms and a highly sought-after open concept with 9'3" high ceilings. Crown molding can be found throughout this home! New upgraded, plush carpet in the bedrooms. The upgraded kitchen offers cabinets with crown molding and under-mount lighting, as well as energy efficient appliances and lots of counter space. The master suite features double master walk-in closets and a master bathroom that boasts a large garden tub and separate walk-in shower. The living room has a built in cabinet to display your treasures. The garage has a utility sink and peg board on the walls. The covered back patio is screened in and measures 10 feet by 30 feet, large enough for entertaining family and friends. The backyard is private and fenced in. The neighborhood offers a pool, tennis courts, playground and soccer fields. This home is zoned for the Windermere High School and the new Horizon West Middle School and is very close to the new Castleview Elementary. This home is conveniently located near restaurants and shopping as well. Schedule a visit today and fall in love with this immaculate, well-cared for home!

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

Zip Code: 32836

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $105k555k

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

Zip Code: 32836

ZipNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10292934

* 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
 

$333,000$407,000$370,000

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,365
Property Tax -$413
Property Insurance -$155
HOA -$95
Property Management Fees -$176
CASH FLOW
-$253

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.

$370,000

PROJECTED PRICE

$1,950

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 2.8%
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

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$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$103,800

INVESTMENT

$103,800

Down Payment
$92,500
Rehab Estimate
$5,750
Closing Costs
$5,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,365

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,500
Loan Amount $277,500
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$3,544

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,935

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9503$1,9504$1,9955$2,000
$2,000
RENT COMPS ANALYSIS
  • 11873 Verrazano Dr Orlando, FL 3
    • 4 beds 2 baths ∙ 1,985 Sqft ∙ Built 2011 4 beds 2 baths ∙ 1,985 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.98
    •  
  • 11834 Silverlake Park Dr Windermere, FL 1
    • 3 beds 3 baths ∙ 1,837 Sqft ∙ Built 2014 3 beds 3 baths ∙ 1,837 Sqft ∙ Built 2014
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.03
    •  
  • 10710 Reams Rd Windermere, FL 2
    • 4 beds 3 baths ∙ 2,047 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,047 Sqft ∙ Built 2014
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.95
    •  
  • 10702 Reams Rd Windermere, FL 4
    • 4 beds 3 baths ∙ 2,029 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,029 Sqft ∙ Built 2013
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.98
    •  
  • 11598 Acosta Ave Orlando, FL 5
    • 4 beds 2 baths ∙ 2,136 Sqft ∙ Built 2013 4 beds 2 baths ∙ 2,136 Sqft ∙ Built 2013
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.94
    •  
PROPERTY LISTING DETAILS
Jeffrey Stocks
1.407.963.9251
Stocks Family Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5903137
Last Updated: 11/02/2020
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