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13536 Mirror Lake Dr Orlando, FL 32828

4 Beds 2 Baths 1,856 sqft Built 2003

$339,900

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

December 09, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $183.14
  • 5 Days on Market
  • MLS # : O5910699
  • Updated Date : 12/10/2020 at 11:42
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,856 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Advantage Iii

Listing Agent's Description

WELCOME TO AVALON LAKES!!! This immaculately kept home in the desirable community in Avalon Park has a new roof, solar heated pool, and much more! There are 4 bedrooms and 2 full bathrooms in an open floor plan with vaulted ceilings in the living and family room. The forth bedroom can be used as an office for remote working or learning. The chef's kitchen has exquisite solid stone counter tops and solid wood cabinets. Entertain your guests in the beautifully paved screened back porch complete with an outdoor tiki-hut along side the heated pool; perfect for "social distanced gatherings". The list is endless, you must come and see it yourself! Contact your realtor now to schedule an appointment, this won't last long! AVALON LAKES has A-rated schools and the amenities include 24 hour gated security, beautifully landscaped common grounds, community pool, playground, lighted tennis and basketball courts, fitness center, and clubhouse. This house is a short walk from schools and minutes from Orlando Research park and UCF, close proximity to Waterford Lakes, Dining, Shopping, Orlando Airport, SR 408 and 528 Beechline, Medical City. What more could anyone ask for? Home Warranty Included. Bring your buyers today! CLICK THE LINK FOR THE VIRTUAL TOUR! Home may be under surveillance camera monitoring.

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: Avalon Lakes Village

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $105k335k

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

Neighborhood: Avalon Lakes Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10292089

* 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
Timber Lakes Elementary School Primary Regular 897 59 9
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Timber Creek High School High Regular 3,132 161 8

Timber Lakes Elementary School

  • Education Level: Primary
  • # of students: 897
  • # of teachers: 59
9
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
 

$305,910$373,890$339,900

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$1,254
Property Tax -$387
Property Insurance -$147
HOA -$97
Property Management Fees -$129
CASH FLOW
-$264

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.

$339,900

PROJECTED PRICE

$1,750

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 8.6%
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$95,824

INVESTMENT

$95,824

Down Payment
$84,975
Rehab Estimate
$5,750
Closing Costs
$5,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,254

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $84,975
Loan Amount $254,925
See What Happens When You Reinvest Cash Flow

1.83

YEARS SAVED

$4,697

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,717

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,5883$1,7504$1,8005$1,850
$1,850
RENT COMPS ANALYSIS
  • 13536 Mirror Lake Dr Orlando, FL 3
    • 4 beds 2 baths ∙ 1,856 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,856 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.94
    •  
  • 13835 Red Mangrove Dr Orlando, FL 1
    • 3 beds 2 baths ∙ 1,701 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,701 Sqft ∙ Built 2006
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.82
    •  
  • 13236 Early Frost Cir Orlando, FL 2
    • 4 beds 2 baths ∙ 1,717 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,717 Sqft ∙ Built 2003
    LEASED 01/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,588
    • $0.92
    •  
  • 13713 Mirror Lake Dr Orlando, FL 4
    • 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 2003
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.02
    •  
  • 1711 Anna Catherine Dr Orlando, FL 5
    • 4 beds 2 baths ∙ 1,972 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,972 Sqft ∙ Built 2002
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.94
    •  
PROPERTY LISTING DETAILS
Nicole Cates
1.407.948.6000
Keller Williams Advantage Iii
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5910699
Last Updated: 12/10/2020
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