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14030 Willow Grace Orlando, FL 32824

4 Beds 2 Baths 2,101 sqft Built 2018

INVESTimate

$332,900

List Price

$1,950

$1,755 - $2,145

Rent Est.

$359,033  ( +7.85%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2018
  • Price/Sqft : $158.45
  • 7 Days on Market
  • MLS # : O5886549
  • Updated Date : 08/21/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,101 sqft
  • Baths : 2 full
Listing Agent

Preferred Real Estate Brokers Ii

Listing Agent's Description

Be the owner of this beautiful move-in ready home built in 2018. Featuring 4 bedrooms and 2 full baths in the desirable community of Bishop Landing. This modern open kitchen features granite countertops, stainless steel appliances, and a large island perfect for entertaining or family gatherings. The master bedroom is separate from the other 3 bedrooms for privacy. The gorgeous master bath includes granite countertops and dual sinks. This home offers 18x18 ceramic tile in all main areas and blinds throughout. Beautiful vinyl flooring in the other 3 bedrooms and upgraded walk-in tile shower in guest bathroom. The open porch/lanai is great for grilling or relaxing enjoying the warm Florida weather. The garage floor has been treated with an epoxy coating for easy cleanup. The community amenities include a pool, playground, fishing pier, and picnic area. This home is conveniently located minutes away from Lake Nona, Orlando International Airport, Medical City, UCF Campus, hospitals, shopping centers and easy access to most major highways including 417 and the Florida Turnpike.

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MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Meadow Woods

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $105k281k

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

Neighborhood: Meadow Woods

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10282094

* 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
 

$299,610$366,190$332,900

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,228
Property Tax -$391
Property Insurance -$162
HOA -$62
Property Management Fees -$176
CASH FLOW
-$68

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.

$332,900

PROJECTED PRICE

$1,950

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 7.85%
Maintenance Year (1-5) 8.00%
Vacancy 6.01%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,969

INVESTMENT

$93,969

Down Payment
$83,225
Rehab Estimate
$5,750
Closing Costs
$4,994

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,228

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $83,225
Loan Amount $249,675
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$10,040

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
  • $0.93

    LIST RENT PER SQFT
  • $1,975

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9503$2,0004$2,1005$2,100
$2,100
RENT COMPS ANALYSIS
  • 14030 Willow Grace Orlando, 2
    • 4 beds 2 baths ∙ 2,101 Sqft ∙ Built 2018 4 beds 2 baths ∙ 2,101 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.93
    •  
  • 2728 Youngford St #2 Orlando, 1
    • 4 beds 3 baths ∙ 2,027 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,027 Sqft ∙ Built 2010
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.94
    •  
  • 14127 Gold Bridge Dr Orlando, 3
    • 4 beds 3 baths ∙ 2,061 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,061 Sqft ∙ Built 2016
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.97
    •  
  • 2878 Youngford St Orlando, 4
    • 4 beds 3 baths ∙ 2,283 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,283 Sqft ∙ Built 2014
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.92
    •  
  • 2957 Youngford St Orlando, 5
    • 4 beds 3 baths ∙ 2,264 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,264 Sqft ∙ Built 2014
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.93
    •  
PROPERTY LISTING DETAILS
Felix George Roder
1.305.965.9290
Preferred Real Estate Brokers Ii
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5886549
Last Updated: 08/21/2020
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