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13587 Phoenix Dr Orlando, FL 32828

4 Beds 2 Baths 2,297 sqft Built 2007

$375,000

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $163.26
  • 3 Days on Market
  • MLS # : O5917074
  • Updated Date : 01/16/2021 at 18:32
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,297 sqft
  • Baths : 2 full
Listing Agent

Re/max 200 Realty

Listing Agent's Description

4 bedroom Avalon home with over 3,000 total square feet! Well maintained and being sold by the original owner - this home has never been leased; and there have never been pets in this super clean, allergy free home. Quiet section of desirable Avalon Park. Homes in this condition rarely come up for sale. Engineered Wood Flooring (2014/2015). New, larger baseboards whole house (2014/2015). Crown Molding Front Living/Dining, Main Living & Kitchen (2018). Interior Painting (2014/2020). Exterior Painting (2014/2020). New Water Softener (2020). New Hot Water Heater (smart/wifi capable) (2020). New Garage Door Opener (smart/wifi capable) (2020). New Thermostat, extra received (smart/wifi capable) (2018). New, High-end Appliances (Kitchen Aid Convection Microware & Oven, Bosch Dishwasher, and GE Profile Fridge) (2018). New Farmhouse style sink & faucet (2018). New Fans (Living and all Bedrooms) (2018). New Door Lock (smart/electronic, not wifi capable) (2019). Roof Inspected 2020. Sprinkler system inspected & serviced 2020. True Green & Yard Service. A/C system inspected & serviced 2020. Most of the lighting has been replaced and upgraded. HOA Dues include: basic cable with Spectrum with up to three basic boxes; internet 100 MGs and modem; pool access. Top rated local public schools. Easy drive to Waterford Lakes Town Center, the Research Parkway, UCF, OIA (Orlando's main airport), and freeway access (408 and/or 417and/or 528 - the "Beach Line"). Covered front porch and covered back porch. Garage faces back to the alley. Now is a great time to buy a home in order to take advantage of low, long term mortgage interest rates. Matterport Virtual Tour: https://my.matterport.com/show/?m=Zh8VPov4aog&mls=1

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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

Neighborhood: Avalon Park Northwest Village

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $105k331k

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

Neighborhood: Avalon Park Northwest 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
Stone Lakes Elementary School Primary Regular 870 58 9
Avalon Middle School Middle Regular 1,809 96 8
Timber Creek High School High Regular 3,132 161 8

Stone Lakes Elementary School

  • Education Level: Primary
  • # of students: 870
  • # of teachers: 58
9
GreatSchools Rating

Avalon Middle School

  • Education Level: Middle
  • # of students: 1,809
  • # of teachers: 96
8
GreatSchools Rating

Timber Creek High School

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

$337,500$412,500$375,000

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$1,303
Property Tax -$427
Property Insurance -$173
HOA -$109
Property Management Fees -$129
CASH FLOW
-$180

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.

$375,000

PROJECTED PRICE

$1,960

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 6.3%
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$12k

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$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,303

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$8,276

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,960

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,947

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,838
1$1,8382$1,8953$1,8954$1,9605$2,000
$2,000
RENT COMPS ANALYSIS
  • 13587 Phoenix Dr Orlando, FL 4
    • 4 beds 2 baths ∙ 2,297 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,297 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,960
    • $0.85
    •  
  • 13655 Cygnus Dr Orlando, FL 1
    • 3 beds 3 baths ∙ 2,276 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,276 Sqft ∙ Built 2006
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,838
    • $0.81
    •  
  • 13667 Phoenix Dr Orlando, FL 2
    • 3 beds 3 baths ∙ 2,415 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,415 Sqft ∙ Built 2007
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.78
    •  
  • 2264 Hillshire Dr Orlando, FL 3
    • 4 beds 3 baths ∙ 2,140 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,140 Sqft ∙ Built 2001
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.89
    •  
  • 13522 Phoenix Dr Orlando, FL 5
    • 4 beds 2 baths ∙ 2,188 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,188 Sqft ∙ Built 2006
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.91
    •  
PROPERTY LISTING DETAILS
Sidney Galloway
1.407.421.9990
Re/max 200 Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5917074
Last Updated: 01/16/2021
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