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13119 Aronomink Ln Orlando, FL 32828

4 Beds 2 Baths 1,979 sqft Built 1995

$335,000

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

December 09, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $169.28
  • 5 Days on Market
  • MLS # : O5910634
  • Updated Date : 12/10/2020 at 09:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,979 sqft
  • Baths : 2 full
Listing Agent

Centergate Realty Llc

Listing Agent's Description

This lovely corner home with a pond view is located in the Beautiful Eastwood community and has 4 bedrooms, 2 baths,and a 2 car garage. Some of the many improvements made by the current owner include:New ROOF 2017, New HOT WATER HEATER, replumbed, custom bathroom with upgraded hand-cut tile in guest bathroom, freshly painted, new kitchen sink with Kohler faucet in the spacious kitchen. New Appliances that were just installed. Upon entering, there is a formal living/dining area. This is a split floor plan with the Master Bedroom off the family room. Master bathroom features dual sinks with a garden tub, separate shower, skylights that offer Natural lighting and a large Walk-in Closet! The 4th bedroom can be used for a home office or a virtual home school area with double French Doors for privacy when needed. Open kitchen/family room that has a stone accent wall in the family room and it overlooks the lovely pond view that offers a tranquil setting. Kitchen has room for a rolling island that can be moved to open up the area for entertaining. LOW HOA fees that offer all of the following amentiies:Cable and Internet, playground, park, pool, commuity room, basketball court, racquetball court and tennis court, not to mention a volleyball court, softball field AND a soccer field! There's even a lot in the community to store your RV! This home is conveniently located near the major highways (408, 417 and S.R. 50), WaterfordLakes Town Center, many restaurants, UCF, Research Parkway, Downtown Avalon Park and about a 1/2 hour ride to Lake Nona to the west and Cocoa Beach/Kennedy Space Center to the east! Call today to see this before it's gone!!

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: Eastwood

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $105k421k

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

Neighborhood: Eastwood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10292175

* 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
Timber Creek High School High Regular 3,132 161 8

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

Timber Creek High School

  • Education Level: High
  • # of students: 3,132
  • # of teachers: 161
8
GreatSchools Rating
 

$301,500$368,500$335,000

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,236
Property Tax -$381
Property Insurance -$154
HOA -$122
Property Management Fees -$129
CASH FLOW
-$202

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.

$335,000

PROJECTED PRICE

$1,820

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 6.1%
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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,236

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$7,433

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,801

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,7993$1,8204$1,8955$1,895
$1,895
RENT COMPS ANALYSIS
  • 13119 Aronomink Ln Orlando, FL 3
    • 4 beds 2 baths ∙ 1,979 Sqft ∙ Built 1995 4 beds 2 baths ∙ 1,979 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $0.92
    •  
  • 128 Sandhill Crane Run Orlando, FL 1
    • 4 beds 2 baths ∙ 2,147 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,147 Sqft ∙ Built 1994
    property image
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.84
    •  
  • 12747 Waterhaven Cir Orlando, FL 2
    • 3 beds 2 baths ∙ 2,011 Sqft ∙ Built 1993 3 beds 2 baths ∙ 2,011 Sqft ∙ Built 1993
    property image
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $0.89
    •  
  • 315 Prairie Dune Way Orlando, FL 4
    • 4 beds 2 baths ∙ 1,972 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,972 Sqft ∙ Built 1996
    property image
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.96
    •  
  • 233 Lexingdale Dr Orlando, FL 5
    • 4 beds 2 baths ∙ 2,005 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,005 Sqft ∙ Built 1993
    property image
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.95
    •  
PROPERTY LISTING DETAILS
Nancy Dipasqua, Pllc
1.321.266.7993
Centergate Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5910634
Last Updated: 12/10/2020
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