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13540 Eyas Rd Orlando, FL 32837

3 Beds 2 Baths 1,699 sqft Built 2000

$319,900

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $188.29
  • 5 Days on Market
  • MLS # : O5900125
  • Updated Date : 11/13/2020 at 13:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,699 sqft
  • Baths : 2 full
Listing Agent

Charles Rutenberg Realty Orlan

Listing Agent's Description

Check out this beautifully upgraded home with a pool in the very sought-out Falcon Trace subdivision! This 3 bedroom, 2 bath has been completely remodeled. The kitchen features stainless steel appliances, luxury lighting and quartz countertops! The formal dining room and formal living room combo create a very big open floor plan featuring a chalk board wall! The master bedroom over looks the pool and has been upgraded with marble countertops with a beautiful walk in shower. The community offers a large pool with a water slide, a tennis court as well as a basketball court. This home is a must see! Located just 20 minutes to downtown Orlando and about 15 miles from Disney World. Welcome home!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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.

PRICE & RENT TRENDS

Neighborhood: Falcon Trace

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $105k354k

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

Neighborhood: Falcon Trace

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10282062

* 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
 

$287,910$351,890$319,900

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$1,180
Property Tax -$358
Property Insurance -$138
HOA -$29
Property Management Fees -$154
CASH FLOW
-$149

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.

$319,900

PROJECTED PRICE

$1,710

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 5.7%
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

PROJECTED ANNUAL CASH FLOW

11530-$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$90,524

INVESTMENT

$90,524

Down Payment
$79,975
Rehab Estimate
$5,750
Closing Costs
$4,799

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,180

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $79,975
Loan Amount $239,925
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$5,373

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,720

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,699
1$1,6992$1,7003$1,7104$1,7905$1,795
$1,795
RENT COMPS ANALYSIS
  • 13540 Eyas Rd Orlando, FL 3
    • 3 beds 2 baths ∙ 1,699 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,699 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $1.01
    •  
  • 13556 Eyas Rd #4 Orlando, FL 1
    • 3 beds 2 baths ∙ 1,641 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,641 Sqft ∙ Built 2000
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $1.04
    •  
  • 13738 Ridgetop Rd Orlando, FL 2
    • 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 2000
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.00
    •  
  • 1727 Nestlewood Trl #3 Orlando, FL 4
    • 3 beds 2 baths ∙ 1,703 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,703 Sqft ∙ Built 1999
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $1.05
    •  
  • 1638 Nestlewood Trl Orlando, FL 5
    • 4 beds 2 baths ∙ 1,877 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,877 Sqft ∙ Built 1998
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.96
    •  
PROPERTY LISTING DETAILS
Elizabeth Boyce
1.407.784.4919
Charles Rutenberg Realty Orlan
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5900125
Last Updated: 11/13/2020
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